In today’s briefing:
- AMD Q1’23 Revenue $5.4 Billion, -3.5% QoQ, -9% YoY. Q2 Flat Sequentially.
- KRE Lead Breakdown
- Fiserv: Achieving Industry-Leading Returns Is Not As Hard As You Might Think
AMD Q1’23 Revenue $5.4 Billion, -3.5% QoQ, -9% YoY. Q2 Flat Sequentially.
- Q1’23 revenues of $5.4 billion, down 3.5% QoQ, down 9% YoY, but marginally ahead of the guided midpoint.
- AMD’s outlook for the current quarter is for revenues of $5.3 billion at the midpoint, basically flat sequentially:
- Data center revenues will grow 50% sequentially in H2’23 compared to H1’23
KRE Lead Breakdown
- Bank jitters touted to resurface in May with growth concerns topping falling inflation data. SPX MACD in focus as a key bearish driver.
- KRE bear break below 42 support targets 32.40 and will bleed into the SPX and the global cycle.
- MACD cycle trough expected near mid-June and will set the stage for a bull recovery. Until then we are selling bounces per our May/June negative cycle.
Fiserv: Achieving Industry-Leading Returns Is Not As Hard As You Might Think
- Fiserv’s delivered a 30% return since October of last year, when I laid out my full investment thesis.
- Fiserv is laying the groundwork for long-term growth, says the company’s market commentators.
- The company continues to outmaneuver its direct competitors, according to analysts.
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