In today’s briefing:
- Intel’s Deal With Tower Semi Is Basically A Rent-A-Fab Scheme
- NVIDIA Corporation: Monopolistic Position In Gaming & High-Performance Domain Keeps Fuelling Growth! – Major Drivers
- Snowflake Inc.: Unassailable Strength Of Snowflake’s Multi-Cloud Data Warehousing Strategy! – Major Drivers
- Chewy: CFO Stepped Down, Weak 3Q Guidance, More Selling Pressure Is Likely
- Zoom Video Communications Inc.: Improving Annualized Run Rate & 3 Factors Driving It! – Financial Forecasts
- Macy’s Inc.: The Gap Collaboration For The Launch of Sleepwear and Intimates Collections & Other Drivers
- Palo Alto Networks Inc.: Can The Launch Of CI/CD Security Module Further Speed Up The Growth? – Major Drivers
- Synopsys Inc.: Will The PikeTec Acquisition Act As A Growth Driver? – Major Drivers
- Arrow Exploration Corp – CN-3 Encounters Thick Oil Pay but Flow Test Hampered by Poor Cement Job
- AEye, Inc. – AEye’s Lidar Technology Drives Automotive Safety
Intel’s Deal With Tower Semi Is Basically A Rent-A-Fab Scheme
- The agreement helps Intel fill up some long-underutilised fab capacity at their Rio Rancho, New Mexico facility
- Tower likely gets a bargain-basement opportunity to increase their percentage of 300mm wafer capacity
- Tower’s automotive business grew from 11% of revenues in 2022 to 19% of revenues in H1’23. Greater 300mm capacity will help them meet this demand once foundry starts to recover.
NVIDIA Corporation: Monopolistic Position In Gaming & High-Performance Domain Keeps Fuelling Growth! – Major Drivers
- NVIDIA Corporation delivered an all-around beat in the previous quarter.
- Notably, the Data Center segment experienced remarkable growth, driven by solid demand from prominent cloud service providers and major internet companies.
- In the quarter, Google Cloud and NVIDIA have recently introduced advanced AI infrastructure and tools.
Snowflake Inc.: Unassailable Strength Of Snowflake’s Multi-Cloud Data Warehousing Strategy! – Major Drivers
- Snowflake Inc. delivered a solid result and managed an all-around beat in the last quarter.
- In terms of the booking aspect, Snowflake observed encouraging indications of stabilization since the number of new bookings surpassed its initial projections.
- The company’s strong developer support, expansion of application providers, and successful events like Snowflake Summit reflected positive momentum and a growing ecosystem.
Chewy: CFO Stepped Down, Weak 3Q Guidance, More Selling Pressure Is Likely
- Chewy (CHWY US) reported a strong quarter but provided weak 3Q revenue guidance, pushing shares down over 10% on heavy volume during regular trading session.
- Chewy (CHWY US) shares massively underperformed in 2023, with shares down ~34% year-to-date vs a 16% gain on the S&P 500 index.
- In July, Chewy CFO Mario Marte stepped down after 8 years in the company. He sold ~$10M worth of Chewy shares in 2023.
Zoom Video Communications Inc.: Improving Annualized Run Rate & 3 Factors Driving It! – Financial Forecasts
- Zoom Video Communications surpassed Wall Street’s revenue and earnings expectations for both revenue and profitability.
- Notably, Zoom Phone reached a notable annualized run rate revenue, and Zoom Contact Center quickly gained an impressive customer base.
- The company’s efforts to enhance its gross margin were evident, and it continued to invest in expanding its product offerings, including AI and Zoom Contact Center.
Macy’s Inc.: The Gap Collaboration For The Launch of Sleepwear and Intimates Collections & Other Drivers
- Macy’s delivered a positive result and managed an all-around beat last quarter, with notable achievements in net sales, gross margin rate, and SG&A rate.
- These outcomes were primarily driven by better-than-expected sales, gross margin results, and SG&A.
- Macy’s demonstrated effective inventory management strategies, resulting in reduced inventories compared to previous periods.
Palo Alto Networks Inc.: Can The Launch Of CI/CD Security Module Further Speed Up The Growth? – Major Drivers
- Palo Alto Networks delivered an all-around beat in the previous quarter.
- Palo Alto’s focus on operational excellence translated into robust Q4 results, characterized by substantial revenue growth and consistent momentum in its core offerings.
- Palo Alto observed a consistent consumption increase in Q4, with credits consumed rising by 45%.
Synopsys Inc.: Will The PikeTec Acquisition Act As A Growth Driver? – Major Drivers
- Synopsys managed to exceed analyst expectations in terms of revenue as well as earnings.
- With the increase in the number of companies designing AI chips, use cases for AI are rapidly increasing.
- This quarter, Synopsis exceeded 30 design wins in 5-nanometer and won its first 3-nanometer design at the marquee automotive OEM.
Arrow Exploration Corp – CN-3 Encounters Thick Oil Pay but Flow Test Hampered by Poor Cement Job
- The CN-3 well encountered 67 feet of oil pay in two Ubaque zones plus 23 feet of oil pay in the C7 and 59 feet in the Lower Gacheta formations.
- The oil pay encountered in the Ubaque at CN-3 is thicker than at CN-2 (~60 feet). The characteristics of the reservoir are very good and similar to those encountered in the CN-1 and CN-2 wells.
- The Lower Ubaque zone was initially tested at 593 bbl/d of oil with a 30% water cut. The water cut subsequently increased and the test was terminated.
AEye, Inc. – AEye’s Lidar Technology Drives Automotive Safety
AEye, Inc. (LIDR) is a leading lidar company with offices in Germany, Korea, and the US. AEye’s unique software-defined lidar solution enables advanced driver- assistance, vehicle autonomy, smart infrastructure, and logistics applications that save lives and propel the future of transportation and mobility.
AEye’s 4SightTM Intelligent Sensing Platform, with its adaptive sensor-based operating system, focuses on what matters most: delivering faster, more accurate, and reliable information.
AEye’s 4SightTM products, built on this platform, are ideal for dynamic applications that require precise measurement imaging to ensure safety and performance.
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