In today’s briefing:
- $GSIT. Meme Stock Or NVIDIA Slayer?
- Light and Wonder Targets Asia for Growth After Divesting Two Verticals, Buying Social Gaming Unit
- Adobe: Opportunities In Generative AI, Q2 Earnings And Considerations For Long-Term Holders
$GSIT. Meme Stock Or NVIDIA Slayer?
- GSI Technology (GSIT US) share price is up ~5x in the past month fuelled by the fact that they have an AI Accelerator (APU) called Gemini-I
- Launched in 2020, Gemini-I was 3 years late, has never been properly benchmarked and has thus far attracted just one customer, the Israeli military
- We remain wholly unconvinced that GSIT is on the cusp of a breakthrough in the world of Accelerated AI
Light and Wonder Targets Asia for Growth After Divesting Two Verticals, Buying Social Gaming Unit
- 2022 saw Light and Wonder make a major strategic pivot from legacy units to focus on three core businesses: Gaming equipment and systems, social online gaming and IGaming.
- Recent move to acquire the 17% of SciPlay social gaming platform it does not own has evoked investor interest in the sector due to a 29% premium on offer.
- After taking a big tax hit related to the sale of two of its legacy verticals the company is well positioned to compete for rising Asia-Pacific gaming equipment business.
Adobe: Opportunities In Generative AI, Q2 Earnings And Considerations For Long-Term Holders
- Adobe’s share price is experiencing significant momentum, which is likely to be sustained for the time being.
- Better than expected quarterly results could easily prompt a new wave of rating upgrades by the sell-side analysts.
- Investors interested in holding Adobe for a longer period of time should not ignore some important red flags.
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