With a semiconductor renaissance spanning years, winners and losers are in some sense defined by how they apportion their resources for that years-long battle. Google and Amazon have been more astute about that than Meta and Microsoft. So, who’s the belle of the ball and who’s
@tiernanraytech
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Tech Earnings and AI Data Center Challenges This Week
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This morning’s chat with Marley Kayden of Schwab Network was an engaging and thoughtful look at some of the things going on this week with tech earnings reports. There are enough issues facing AI data centers to create for uncertainty about the kinds of investment that Alphabet,
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OpenAI IPO Reality Check: CFO Friar Faces Shareholder Scrutiny
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OpenAI’s CFO, Sarah Friar, is a former sell-side stock analyst. She knows all too well what happens once a company has to report every ninety days and answer to shareholders. The IPO will be a real reality check on what have been very large intentions to spend by the company.
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Celestica, Cadence, Rambus hit by high expectations
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It’s not the end of the world for companies such as Celestica. Tuesday’s sell-off, against a weak tape, is largely a product of terrific gains year to date and profit taking. Celestica, Cadence, Rambus hit by high expectations, high prices Heightened expectations and big stock
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Tech Stocks and Earnings Discussion on Schwab Network
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I’m excited to talk with Marley Kayden of Schwab TV this morning at 11:30, Eastern, about tech stocks and tech earnings. You can check it out for free from the Schwab Network: https://
schwabnetwork.com/?cid=SCN-CTA01 -
Will Cursor and AI Code Startups Survive Tech Competition?
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People often get excited about the battles between the rich and famous, such as between Elon Musk and Jensen Huang. It may not matter that much in the long run, however. Cursor might just be gone before it matters All these companies such as Cursor and Replit and Lovable are
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AI Trade Trickle-Down Economics: Reagan Era Parallels
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To put the past week into perspective on the Podcast, I felt I had to reach all the way back to the Ronald Reagan days in America, and the rise of “voodoo economics,” the faith that if the biggest entities in the economy do well, it’ll just trickle down to the rest. The AI trade,
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Chip Companies Rely on Billion-Dollar Paper Promises for Growth
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We’ve seen a pattern now of chip companies being boosted by singular deals projecting tens of billions years into the future. I’m not saying it won’t happen, but a lot is riding on paper promises. Such is the case with foundry potential for Intel thanks to Elon Musk’s “Terafab”
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Cerebras IPO: Revenue Concentration Among Two Major Customers
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I’m very excited for Cerebras’s IPO, having followed this company since Andrew Feldman and I were having tacos in Palo Alto when his company was in stealth. The IPO prospectus confirms what I somewhat feared, which is that the vast majority of revenue has come from two giant
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Plain Chips Resurgence: Texas Instruments Reports Valuation Surge
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The resurgence in “plain-old” chips is something I’ve been writing about for over a year now. It has come to pass, best exemplified by Texas Instruments’s Wednesday evening report. But the stocks anticipated this turn-around, and many see shares as fully valued even if AI data