0
0.0
Jan 22, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
kristina partsinevelos?with nvidia because of the value that you for a ride, up -- last year, recent bullish guidance from time on semi and meadows plans to purchase more graphics chips for a total of 600,000 keeps and video top of mind and why the stock keeps hitting all-time highs like today. emptied, out not getting the same love from analysts that north land capital. they're saying, yes, a.i. is big, not as big as investors are thinking. which is why they are downgrading amd on valuation to a, check if we know, reading. they believe a nbc ironing potential is a little too inflated right now. and morgan stanley making an interesting move, replacing nvidia with western digital as its top pick. they're giving the storage chip company and price target of $73. that's why shares are climb a higher. analyst joe morris says the stock is dirt cheap and memory prices are ripping higher. also points to a split of memory businesses within western digital that's going to happen in the second half of the, year which s
kristina partsinevelos?with nvidia because of the value that you for a ride, up -- last year, recent bullish guidance from time on semi and meadows plans to purchase more graphics chips for a total of 600,000 keeps and video top of mind and why the stock keeps hitting all-time highs like today. emptied, out not getting the same love from analysts that north land capital. they're saying, yes, a.i. is big, not as big as investors are thinking. which is why they are downgrading amd on valuation to...
0
0.0
Jan 4, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
kristina partsinevelos has more on the breaking news. >> good morning, frank.he biden administration is focusing on national security and military with the second chips act. micro chip is the recipient of the preliminary $162 million award. think of micro controllers or circuits used for technology tasks, but less advanced chips. not like the nvidia chips. the mature chips are critical for auto and defense industries. $90 million of the grant will be used to modernize to remodel the fabrication in colorado and oregon. expect firms like asml and applied materials to benefit. the awards are in dprgrants. the $162 million is not awarded as a lump sum, but split over the next few years. senior officials did promise this grant would triple production and produce 700 new jobs on u.s. soil. the goal is to re-shore. rather than pick intel or taiwan semi, the biden administration is focusing on national security producers. a few weeks ago, the first official chips act award of $35 million was allocated to the military contractor. 162 million for micro chip is a lot for
kristina partsinevelos has more on the breaking news. >> good morning, frank.he biden administration is focusing on national security and military with the second chips act. micro chip is the recipient of the preliminary $162 million award. think of micro controllers or circuits used for technology tasks, but less advanced chips. not like the nvidia chips. the mature chips are critical for auto and defense industries. $90 million of the grant will be used to modernize to remodel the...
0
0.0
Jan 24, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
kristina partsinevelos has been listening in kristina, what's the latest? >> well, they're just going through all the numbers right now. q&a hasn't really started. but the key word is solid. solid growth solid results. but as usual, revenue was driven by software and the consulting business since it contributes 75% of total revenue the ceo telling me in the last hour, we chatted on the phone, that their a.i. business doubled, however, we didn't get any actual numbers and if i looked at the fact set estimate, there was a miss in software, and there was a slight miss to estimates in consulting, which was offset by strength in in infrastructure there were come concerns going into this report they couldn't grow their free cash flow to $10.5 billion, and they did. they surpassed that yearly level to $11.2 billion for the full year i asked what the driver was to the cfo, he told me it was a mix of cost rationalization and demand he just said it on the call right now, it was about real estate optimization, as well i asked what that meant, i'll find out they expect
kristina partsinevelos has been listening in kristina, what's the latest? >> well, they're just going through all the numbers right now. q&a hasn't really started. but the key word is solid. solid growth solid results. but as usual, revenue was driven by software and the consulting business since it contributes 75% of total revenue the ceo telling me in the last hour, we chatted on the phone, that their a.i. business doubled, however, we didn't get any actual numbers and if i looked...
0
0.0
Jan 9, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
we asked kristina partsinevelos to take a look at that issue. it's been a few days talking about warnings whether it's samsung here, microchip, mobileye. you've seen the stories and followed them. >> reporter: with samsung, you can say the glass is half full and the fact that memory price have is been climbing since november, and they alluded to some improvement in q-4. you could say things are improving for samsung, but maybe not as quickly as everyone hoped, and micron had earnings in december, and their revenue was stronger than forecast. so micron could be pulled out separately and could benefit from the ai push given the high band width memory. microchip guided their q3 revenues to the december quarter down 22%. that guide down was already after they guided lower the previous quarter. they are warning of weak demand in the december quarter. but the other thing that stood out to me is this inventory issue with customers. and we heard that from mobileye as well. it is way more exposed to evs. the stock dropped when they warned people are work
we asked kristina partsinevelos to take a look at that issue. it's been a few days talking about warnings whether it's samsung here, microchip, mobileye. you've seen the stories and followed them. >> reporter: with samsung, you can say the glass is half full and the fact that memory price have is been climbing since november, and they alluded to some improvement in q-4. you could say things are improving for samsung, but maybe not as quickly as everyone hoped, and micron had earnings in...
0
0.0
Jan 23, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
kristina partsinevelos with the setup. been as we've talked on multiple occasions with you, a tale of two segments. industrial auto related chips to ai. >>> texas instruments, the management guiding revenue down for five straight quarters with declines. no wonder this is the most popular chips short, perhaps times are changing now. many are betting the bottom is near, still some debate but super close for this name, few agree it's a buy. the stock's etf year to date. there are several reasons for the buying hesitation. you have continued weakness in industrial and automotive end markets, mobileye warning of an ev slowdown, that add to go it, concerns of double ordering within auto, possible cuts for the utilization rates. both of those elements would hit gross margins. we'll be looking for any signs on what's going on in china. that's why, to your point, scott, all chips aren't created equal and there's a discrepancy between amd and marvell up year to date and the analogs like on, and texas instruments, you can see just ba
kristina partsinevelos with the setup. been as we've talked on multiple occasions with you, a tale of two segments. industrial auto related chips to ai. >>> texas instruments, the management guiding revenue down for five straight quarters with declines. no wonder this is the most popular chips short, perhaps times are changing now. many are betting the bottom is near, still some debate but super close for this name, few agree it's a buy. the stock's etf year to date. there are several...
0
0.0
Jan 4, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
kristina partsinevelos has the details. kristina?opoff means that mobileye expects a 50% drop in revenue for the first quarter of this year. as you mentioned, because of excessive inventory. auto suppliers were so spooked by the supply shortage during covid that they've been hoarding chips for fear of a repeat and now they are realizing they have high inventory levels and need to burn through them. interestingly, though, mobileye is choosing to take the brunt of the impact in q-1, with the company forecasting flat to low mid single digit growth throughout the rest of the year. that's why the stock, like you mentioned, plunges 25%. the company has been suffering from losses just over the last five business days. today's massive guide down, though, hitting other auto exposed names like nxpi, bank of america downgrading mobileye on a rare mid-day move, because of that weak outlook. they say, though, the problem is isolated to mobileye and shouldn't impact other names. and honorable mention for intel, its shares barely negative today, ab
kristina partsinevelos has the details. kristina?opoff means that mobileye expects a 50% drop in revenue for the first quarter of this year. as you mentioned, because of excessive inventory. auto suppliers were so spooked by the supply shortage during covid that they've been hoarding chips for fear of a repeat and now they are realizing they have high inventory levels and need to burn through them. interestingly, though, mobileye is choosing to take the brunt of the impact in q-1, with the...
0
0.0
Jan 26, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
kristina partsinevelos looking for that kristina >> the theme for today, much like intel, is underwhelming guidance this time also with kla. a chip equipment from th positive we kind it's it ensures investors recovery is underway not everyone is convinced. though that is why shares ar down 6%. however, goldman sachs was a little bit, which is why the are still maintaining positive outlook switching chairs, ships from western digital down, a little bit better, down just under 3% concerns, of weaker memory shipment i was just reading a no, the said both thesis remains intac because the memory cycle recovery is underway they believe that this is buying opportunity specifically for western digital. that is mizuho back to, you scott >> thanks again, we will see you in just a bit. up next, pumping the brakes on tesla. pushes dan i've's is back, he' taking the ev maker off of his best ideas lift. that is just a few days afte going to bat for the company and elon musk right here o this program >> i still believe the continues on the market, along with byd you really have to hold serv in terms of w
kristina partsinevelos looking for that kristina >> the theme for today, much like intel, is underwhelming guidance this time also with kla. a chip equipment from th positive we kind it's it ensures investors recovery is underway not everyone is convinced. though that is why shares ar down 6%. however, goldman sachs was a little bit, which is why the are still maintaining positive outlook switching chairs, ships from western digital down, a little bit better, down just under 3% concerns,...
0
0.0
Jan 30, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
kristina partsinevelos has more on the big earnings here. kristina? >> well, the stock first reacting negatively to the lighter q-1 revenue guidance, but coming back ever so slightly on the slightly more bullish 2024 outlook for amd's new gpu chip, which rivals nvidia. what we're seeing, let's go over q-4 really quickly. data center revenue fell in line with estimates with amd saying it was a record quarter. they continue to steal market share, presumably from intel. and you can see it on your screen, gaming beat. but what investors care about is q-1 guidance. amd expects it to be flat. pcs, the semi-custom chips to decline quarter over quarter, but the company saying that all that weakness will be offset by a stronger data center gpu run. and that's what investors want to hear. so, i just received lisa's prepared remarks, the call has just started. and we know that amd is increasing its 2024 a.i. chip revenue from $2 billion to now exceeding $3.5 billion. so, again, now it's going from $3.5 billion, it used to be $2 billion, and that's what investors
kristina partsinevelos has more on the big earnings here. kristina? >> well, the stock first reacting negatively to the lighter q-1 revenue guidance, but coming back ever so slightly on the slightly more bullish 2024 outlook for amd's new gpu chip, which rivals nvidia. what we're seeing, let's go over q-4 really quickly. data center revenue fell in line with estimates with amd saying it was a record quarter. they continue to steal market share, presumably from intel. and you can see it on...
0
0.0
Jan 23, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
kristina partsinevelos.nteresting phrasing to say lower prices, we're cutting prices to compete with somebody else, it's not because of demand, because they're in interrelated in some way. guy, we heard from mobileye, microchip, the sector trades down again and again. >> unless you are in the a.i. space, doesn't matter what you say. but again, if you had told me the first quarter guide for texas instruments would be basically $1.05 against consensus of $1.40and say, where's the stock, i'm like, it's got to be down 10% easy. it's actually sort of hanging in there. should be lower, is my point. now, automotive and industrials, sign of weakness. what does that tell you about industrials? and what does that say maybe about the broader economy, x a.i. and all those things. i'm not saying texas is a bellwether or not, they made an all-time high in 2021, but it's something to look like. >> we've had enough p preannouncements from sector peers that you can see it's broad-based. it's not necessarily just here. and da
kristina partsinevelos.nteresting phrasing to say lower prices, we're cutting prices to compete with somebody else, it's not because of demand, because they're in interrelated in some way. guy, we heard from mobileye, microchip, the sector trades down again and again. >> unless you are in the a.i. space, doesn't matter what you say. but again, if you had told me the first quarter guide for texas instruments would be basically $1.05 against consensus of $1.40and say, where's the stock, i'm...
0
0.0
Jan 30, 2024
01/24
by
MSNBCW
tv
eye 0
favorite 0
quote 0
kristina partsinevelos joins us now for cnbc on msnbc. so, do we know what to expect? >> we kind of know what to expect, but it's quite incredible right now that our central bank, the federal reserve, has hiked interest rates to their highest level in more than two decades yet our economy continues to grow about 2%, unemployment is historically low, consumer spenlding came higher in december. so u.s. consumers now are actually more optimistic about the state of the economy than they have been in more than two years. and this according to a survey released just today by the conference board. which really puts the fed in a tough spot right now. why cut borrowing rates when the economy may not need that extra boost? especially when you imply more cuts it could spur spending and in turn increase inflation then we start this whole cycle all over again. that's why experts aren't expecting cuts tomorrow. so there's your answer. but they'll be looking for any clues from jay powell on when and how much lower rates can go later this year and that means cheaper borrowing costs fo
kristina partsinevelos joins us now for cnbc on msnbc. so, do we know what to expect? >> we kind of know what to expect, but it's quite incredible right now that our central bank, the federal reserve, has hiked interest rates to their highest level in more than two decades yet our economy continues to grow about 2%, unemployment is historically low, consumer spenlding came higher in december. so u.s. consumers now are actually more optimistic about the state of the economy than they have...
0
0.0
Jan 8, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
kristina, thank. you will see you soon, kristina partsinevelos.ay's and i surge and this news, let's bring in bernstein senior analyst stacy ragson. good to see you back. watch it will stop it run the market, five, percent is that on this a.i. at home, if you want to call, it news? >> to be, fair it was up before they made it. was having a lousy day after -- i don't know if it's entirely because of the announcement, but the announcement certainly isn't hurting. >> what do you make of the announcement? how significant is it? what should we think of this a ipc? >> look, because of nvidia actual numbers, probably this doesn't matter very much. more abundant data center business which is getting 80% of revenues anyways. the idea that a.i. in general is proliferating is a good thing. some of these announcements, they announced the new gaming parts and health care partnership announcements and some other things. these are all good in terms of just driving home the idea that a.i. is starting to proliferate. specifically around a ipcc, we've been hearing
kristina, thank. you will see you soon, kristina partsinevelos.ay's and i surge and this news, let's bring in bernstein senior analyst stacy ragson. good to see you back. watch it will stop it run the market, five, percent is that on this a.i. at home, if you want to call, it news? >> to be, fair it was up before they made it. was having a lousy day after -- i don't know if it's entirely because of the announcement, but the announcement certainly isn't hurting. >> what do you make...
0
0.0
Jan 4, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
that leads me to kristina partsinevelos. our "chart of the day." what's your read here? >>> the autonomous driving assistance company expects a 50% drop in revenue this year because of excess or excessive issues, buying less as they work through inventory. keep in mind 30% of mobileeye's business is exposed to china. mobileye since going public in october 2022, is the fifth straight day of losses. shares down 25%. the dire warning impacting companies like intel, since intel bought the firm back in 2017, is still the majority shareholder. it was down worse this morning. it's in a quiet period so they wouldn't comment on this. stm and xpi, on semi, really leaves about three names positive and this is the first negative preannouncement from a chip company. it could set a negative precedence as they meet with investors in vegas next week. separately, scott, qualcomm for augmented and virtual reality devices that offer faster processing from dozens of cameras and could be benter for motion sickness. google and samsung plan to use this in their vr headsets and competition coul
that leads me to kristina partsinevelos. our "chart of the day." what's your read here? >>> the autonomous driving assistance company expects a 50% drop in revenue this year because of excess or excessive issues, buying less as they work through inventory. keep in mind 30% of mobileeye's business is exposed to china. mobileye since going public in october 2022, is the fifth straight day of losses. shares down 25%. the dire warning impacting companies like intel, since intel...
0
0.0
Jan 26, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
we're all over those names start with kristina partsinevelos and phil lebeau is here to break thingseople were hoping for the turnaround story this first quarter guidance maybe not. >> really disappointing. if anything a lot of analysts were expecting the weakness but the plunge of the q1 guidance that caused this major 11% drop in the stock right now much of the street was anticipating a weaker quarter but not to this magnitude. revenue guidance was 18% lower quarter over quarter below every single analyst estimate so for intel they have three core businesses, pc, servers, networking all forecast to drop about 11% in q1, which is actually a little bit worse than seasonality. the company also warned of a billion dollar impact in q1 because of three major factors mobileeye we saw weakness on thursday may autonomous driving technology, intel the main shareholder. the second point is promble solutions weakness, the specific chips made for specific tasks. i.t. budgets shifting to ai moving away from the specific chips and lastly the foundry business and intel still working through. the c
we're all over those names start with kristina partsinevelos and phil lebeau is here to break thingseople were hoping for the turnaround story this first quarter guidance maybe not. >> really disappointing. if anything a lot of analysts were expecting the weakness but the plunge of the q1 guidance that caused this major 11% drop in the stock right now much of the street was anticipating a weaker quarter but not to this magnitude. revenue guidance was 18% lower quarter over quarter below...
0
0.0
Jan 24, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
kristina partsinevelos and contessa brewer have the key investors to watch. >> it's driven by the accessource software and now major investments in ai platforms, all within the last three years, and this upcoming earnings report will shed some light as it's sharing revenues from its data platform based on the cloud. analysts say this is a good push for ibm software business but they see more potential in its consulting business with its 20,000-plus strong staff they're desperate for help implementing these complex ai systems. call it a kconsulting ai uplift they contribute 75% of ibm's total revenues the street consensus right now expects full year 2023 software and consulting revenue growth to fall in line with guidance especially right now as you have companies cautious with their i.t. budgets they expect free cash flow to be slightly above the guidance level which bodes well for its cash flows. >> all eyes are macau. you know it ee been a year since they've fully reopened and yet shares of las vegas sands are down 12% it's as though investors have given sands no credit for macaw's reo
kristina partsinevelos and contessa brewer have the key investors to watch. >> it's driven by the accessource software and now major investments in ai platforms, all within the last three years, and this upcoming earnings report will shed some light as it's sharing revenues from its data platform based on the cloud. analysts say this is a good push for ibm software business but they see more potential in its consulting business with its 20,000-plus strong staff they're desperate for help...
0
0.0
Jan 31, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
kristina partsinevelos has all the details. kristina? >> yeah, it's happening right now in the building that i'm in. let's talk about the revenue beat. it included handsets as well as the auto business, but its internet of things business fell 3 32% quarter over quarter. guidance was largely in line was estimates, too, so, that could be contributing to the stock drop. on the earnings call right now. qualcomm announcing they are extending their licensing agreement with apple, licensing, until 2027. so, that means apple is not only using qualcomm chips in its new phones through 2026, but it is going to utilize its licenses until 2027. separately, not to confuse our audience, qualcomm announcing a multi-year agreement, i asked what multi-year means, they wouldn't tell me, with samsung, to provide smartphone chips for their premium smartphones starting from 2024, this year onwards, so, like apple, qualcomm now has partnerships with samsung for chips and licenses. i caught up with qualcomm's cfo maybe about 40 minutes ago, who said the beat w
kristina partsinevelos has all the details. kristina? >> yeah, it's happening right now in the building that i'm in. let's talk about the revenue beat. it included handsets as well as the auto business, but its internet of things business fell 3 32% quarter over quarter. guidance was largely in line was estimates, too, so, that could be contributing to the stock drop. on the earnings call right now. qualcomm announcing they are extending their licensing agreement with apple, licensing,...
0
0.0
Jan 30, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
kristina partsinevelos is following this story for us today and says basically don't look for ai to save the company this quarter. what does that mean? >> it means the stock could climb high. we talked about the stock up 26 year to date. more than doubled since october. that bar may be a little bit high, intel serves as a barometer for amd since a large portion of the business consists the same kind of business. so that non-ai weakness in q1 this current quarter has some rethinking their estimates. amd's eps, earnings per share, have come down over 12% since october 1st, and then, secondly, as raymond james pointed out this morning, amd's new gpu chip, the mi-300x is starting to ship with them announcing three major customers, microsoft, meta and oracle. so that should drive momentum in the secretary half of the year not necessarily the first half. amd estimates its ai chip will bring in roughly $2 billion in revenue but many expect the number to double -- or i should say hoping the number will double even if amd is weak right now. a bullish outlook could help the stock out of earnings.
kristina partsinevelos is following this story for us today and says basically don't look for ai to save the company this quarter. what does that mean? >> it means the stock could climb high. we talked about the stock up 26 year to date. more than doubled since october. that bar may be a little bit high, intel serves as a barometer for amd since a large portion of the business consists the same kind of business. so that non-ai weakness in q1 this current quarter has some rethinking their...
0
0.0
Jan 26, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
kristina partsinevelos is sitting at the desk with us today to sort of give us a sweep of that. expectations, i guess, were up going in because of the stock appreciation -- >> you guess going from 32 bucks early september to 50 bucks in december, the expectations were definitely there i think it was reset after this earnings report. and much of it had to do with the q1 guidance and not q4 conformance. it wasn't that bad q4. they did well. it's the guidance that was 18% lower quarter over quarter, lower than every single analyst estimate out there the company -- i caught up with management on a call before the earnings call and they listed three things they reiterated in the call, blamed mobileye, the majority shareholder mobileye does autonomous driving technology they blamed their programmable chips department, which is a little bit weaker, as more people shift their money to ai-related chips and away from other specific ones and the foundry business that's actually an argument for the bears. they are not part of their core business it's an opportunity for intel to turn themsel
kristina partsinevelos is sitting at the desk with us today to sort of give us a sweep of that. expectations, i guess, were up going in because of the stock appreciation -- >> you guess going from 32 bucks early september to 50 bucks in december, the expectations were definitely there i think it was reset after this earnings report. and much of it had to do with the q1 guidance and not q4 conformance. it wasn't that bad q4. they did well. it's the guidance that was 18% lower quarter over...
0
0.0
Jan 4, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
kristina partsinevelos. let's go over to julia boorstin for the cnbc news update. julia? is evidence russia is using north korean weapons in its war with ukraine. national security spokesperson john kirby said the administration is raising the declassified intelligence with the united nations security council. and he called the arms transfer a concerning escalation. kirby also warned washington thinks russia is trying to purchase missile systems from iran. >>> several southern capital buildings on high alert again as they face a second consecutive day of bomb threats. the fresh wave comes one day after at least a capital complexes evacuated following similar threats. so far today, multiple bomb threats have been reported in mississippi, arkansas, and florida. >>> and a child started the fire at miami dolphins star tyreek hill's mansion yesterday. that is the word from fire officials who say the kid sparked the flames while playing with a lighter and a bedroom at the house. hill's agent says crews contained the fire to one room, but there was extensive water and smoke dama
kristina partsinevelos. let's go over to julia boorstin for the cnbc news update. julia? is evidence russia is using north korean weapons in its war with ukraine. national security spokesperson john kirby said the administration is raising the declassified intelligence with the united nations security council. and he called the arms transfer a concerning escalation. kirby also warned washington thinks russia is trying to purchase missile systems from iran. >>> several southern capital...
0
0.0
Jan 4, 2024
01/24
by
CNBC
tv
eye 0
favorite 0
quote 0
kristina partsinevelos has more on the story. >> good morning.in choosing to focus on national security in the li military with the $162 million grant to micro chip. they use chips for specific technologies. not like the nvidia chips we talk about in a.i. systems. these mature chips are critical for america's auto sector and industrial and defense industries. the money is $90 million going to modernize a factory in colorado and another in oregon. this would provide 700 new u.s. jobs. the goal is, of course, to re-shore and be less reliant on foreign companies. the biden administration is choosing to focus on micro chip. the first official chips act award of $35 the$35 po$35 milli allocated to the political military company. the department of commerce will have their hands full after 570 applications for funding. that means out of the $39 billion, there is still a lot of money left to be disbusrsed to other companies. >> the money is slow to get out. i've heard from companies who complained and gone back and forth. it takes a long time to build up
kristina partsinevelos has more on the story. >> good morning.in choosing to focus on national security in the li military with the $162 million grant to micro chip. they use chips for specific technologies. not like the nvidia chips we talk about in a.i. systems. these mature chips are critical for america's auto sector and industrial and defense industries. the money is $90 million going to modernize a factory in colorado and another in oregon. this would provide 700 new u.s. jobs. the...