Puja Tayal
Having joined Market Realist in 2015, Puja has been covering the intricacies of the semiconductor industry. She has 13 years of experience as a financial analyst with a particular focus on the manufacturing sector. Having graduated in commerce (accounting) and completed CFA Level 1, Puja is known for her insightful and well-researched articles. Puja is a tech enthusiast and has an interest in understanding the endless possibilities of technology as the world moves towards AI, 5G, and autonomous cars. In the early days of her career, she worked with a business intelligence firm as a quality analyst and trainer. This experience built on her analytical skills. Puja has also pursued a crash course in business analytics.
Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
More From Puja Tayal
Why Is AMD Stock So Volatile?
In the previous part of the series, we saw that analysts revised their fiscal 2017 revenue growth estimates for Advanced Micro Devices (AMD), NVIDIA (NVDA), and Intel (INTC) in the past few months.
Why Investors Are Interested in AMD Stock
AMD is barely breaking even because of its high operating expenses and high leverage. However, the company is currently in the midst of multiple product launches in various markets.
Micron’s Strategy in the NAND Market
Micron expects the NAND industry supply to grow 30%–40%, with its NAND supply expected to grow at the higher end of the industry supply range.
Two Newcomers in the Top 5 Fastest-Growing Semiconductor Stocks
As of September 12, 2017, Nvidia (NVDA) was the fastest-growing stock, rising 185% over the past year, compared to the industry’s 32% growth.
Inside the Top 5 Most Volatile Semiconductor Stocks
Intel (INTC) is the world’s largest semiconductor company and also the least volatile semiconductor stock, though it has a beta of 1.23.
Who’s Betting on Foundries like TSM and SSNLF?
The performance of SME suppliers is a bellwether for the overall semiconductor industry’s outlook because these serve foundries and IDMs.
What’s the Role of Embedded Business in Micron’s Future Growth?
Micron’s EBU revenue rose 19% sequentially to $700 million in fiscal 3Q17 driven by high demand for its products across consumer, industrial, and automotive markets.
How Micron Is Benefitting from the Favorable DRAM Market Environment
Micron Technology (MU) is the third-largest DRAM (dynamic random access memory) manufacturer in the world, after Samsung (SSNLF) and SK Hynix.
Where Micron’s Profit Growth Stands next to Revenue Growth
Micron is thriving in a strong memory environment, wherein increasing DRAM (dynamic random access memory) and NAND prices are driving earnings.
Where Intel Really Stands in the Autonomous Vehicle Market
Intel (INTC) is looking to become a complete technology solutions provider for automakers who want to enter the autonomous driving space.
How AMD’s Ryzen 3 and Intel’s Core i3 Stack Up
Advanced Micro Devices (AMD) recently released its Ryzen 3 series for the budget PC (personal computer) segment.
What Differentiates AMD’s Threadripper from Competition?
Advanced Micro Devices (AMD) has upped the core count of consumer CPUs (central processing unit) from the maximum of ten cores to 16 cores.
Could the OLED Display Act as AMAT’s Revenue Catalyst in the Future?
AMAT expects demand for OLED displays to remain high for the coming few years as the market faces a supply shortage.
Is AMAT Losing Market Share to Lam Research and KLA-Tencor?
The emergence of the IoT (Internet of Things), self-driving cars, AR/VR (augmented/virtual reality), and AI (artificial intelligence) is driving demand for logic and memory chips.
NVIDIA Seeks to Continue Its Strong Gaming Revenue Growth in Fiscal 2018
NVIDIA’s gaming revenues rose 49% year-over-year to ~$1.0 billion in fiscal 1Q18, driven by strong demand for Pascal GPUs.
Could NVIDIA’s Revenue Growth Result in a Higher Profit Margin?
For fiscal 2Q18, analysts expect NVIDIA to report earnings per share of $0.78, which marks a sequential decline of 8.2%.
What’s Qualcomm’s Growth Strategy in the Radio Frequency Market?
Qualcomm (QCOM) is not only expanding its end markets, it’s also expanding in related technologies in order to increase its semiconductor content per device.
Xilinx versus Intel—A Competition of Scale and Technology
If Intel is not able to compete with Xilinx in terms of technology, it can compete in terms of price.
What’s Going on in Intel’s Programmable Solutions Group?
Intel is offering a full spectrum of AI solutions and several accelerators. The company’s journey in accelerated computing began with its acquisition of Altera in 2015.
How the Acquisition of Mobileye Could Affect Intel’s Earnings
Intel (INTC) is acquiring Mobileye (MBLY) for $15.3 billion in order to grow in the autonomous vehicle market.
A Look at AMD’s Target Capital Structure
AMD’s target capital structure is to maintain a cash balance of up to $1.0 billion. Any amount above this figure would be used to repay debt, which currently stands at $1.5 billion.
What’s Going on with Intel’s Client Computing Group?
Intel (INTC) is currently going through a phase of slow growth, which is threatening its top position in the semiconductor industry.
Should Investors Be Concerned about Intel’s Leverage?
Intel has long-term debt of $24 billion against cash reserves of $17 billion, resulting in net debt of $7 billion.
AMD Plans to Expand Radeon Vega GPU Lineup beyond Gaming
Advanced Micro Devices (AMD) has entered the high-performance GPU market with the launch of its Vega architecture.
AMD’s Ryzen Threadripper Challenges Intel in the Ultra-Premium PC Market
In response to AMD’s Threadripper, Intel announced an 18-core, 36-thread i9 processor for the very high-end market at the Computex Taipei show in Taiwan.
Micron Doubts That China Could Sustain in the Memory Market
According to Micron’s Ernest Maddock, even if China succeeds in securing legitimate IP, it would still fail in the memory market.
Micron’s Strategy to Become Cost-Competitive
For the last two years, Micron reduced its DRAM production cost 15.0%–25.0% by transitioning to a 20 nm node and starting mass production of the 1X node.
What Institutional Investors Think about Micron Technology
Currently, institutional investors own 81.1% and insiders own 0.69% of the total outstanding shares of Micron.
NVIDIA’s GeForce Business Has a History of Success
NVIDIA’s GeForce business In the previous part of the series, we saw that NVIDIA (NVDA) generates sales volumes from its gaming business. The company has been in the gaming market for several years and earns more than 50% of its revenue from this market. At NVIDIA’s 2017 Investor Day, GeForce senior vice president Jeffrey Fisher […]
Speculation about NVIDIA’s Volta Gaming Graphic Processing Unit
NVIDIA’s product strategy NVIDIA (NVDA) has officially unveiled its next-generation Volta architecture. Whenever the company develops a new architecture, it first launches it on the Tesla GPU (graphic processing unit) platform for data centers because it commands a higher price than other platforms. Then it launches the architecture on the GeForce gaming platform, as its […]
A Look inside NVIDIA’s Platform Strategy
NVIDIA leverages platform and API NVIDIA (NVDA) is at its inflection point, as the adoption of GPU[1.graphics processing unit]-accelerated computing has started to gain ground with the emergence of AI (artificial intelligence), autonomous cars, and cloud computing. The company leverages a single platform across various domains, which helps it reduce its hardware costs. It also […]
NVIDIA’s GPU-Accelerated Computing on the Rise
NVIDIA recently unveiled its unveiled its next-generation Volta GPU (graphics processing unit). In this series, we’ll look at the various growth opportunities NVIDIA is looking at to tap into GPU-accelerated computing.
What NVIDIA’s Cash Position Says about Its Financial Health
NVIDIA’s operating cash flow fell 8.7% year-over-year to $282 million in fiscal 1Q18 as its revenues were hit by seasonal weakness. Its accounts receivables increased 87% YoY.
NVIDIA’s Strategy to Boost the Adoption of Autonomous Cars
NVIDIA is partnering with auto suppliers like Bosch, truck companies like PACCAR, and mid-tier carmakers like Toyota (TM) to increase the adoption of AI car platforms.
What’s the Possibility of a Delay in Apple’s iPhone 8 Launch?
The early production ramp up for Apple’s (AAPL) iPhone 8 doesn’t seem to indicate an early launch of the smartphone.
How Is Software Related to NVIDIA’s Operating Margin?
NVIDIA’s operating margin of 33% surpassed Intel’s (INTC) operating margin of 26% in 1Q17.
Why NVIDIA Is Increasing Its Operating Expenses in Fiscal 2018
NVIDIA’s non-GAAP operating expenses rose 17% year-over-year to $517 million in fiscal 1Q18. NVDA expects to increase its operating expenses to $530 million in fiscal 2Q18.
Factors That Could Drive NVIDIA’s Gross Margin in Fiscal 2018
NVIDIA’s non-GAAP gross margin improved from 57.5% in fiscal 1Q17 to 59.6% in fiscal 1Q18.
Why the Apple-Qualcomm Licensing Dispute Is Turning Nasty
In 2017, Apple sued Qualcomm for unfair licensing practices, accusing it of charging unfair royalties for “technologies they have nothing to do with.”
How Might Apple’s iPhone 8 Impact Foxconn?
Taiwanese manufacturer, Hon Hai Precision Industry, also known as Foxconn, is expected to be a major beneficiary of the iPhone 8 super-cycle.
How Suppliers Are Reacting to Apple’s Dual-Sourcing Strategy
Apple (AAPL) sources its components from at least two suppliers in order to reduce risk and have negotiation strength.
How Contract Manufacturers Got Involved in Qualcomm-Apple Dispute
The contract manufacturers don’t intend to withhold royalty payments, but they aren’t getting the cash from Apple.
AVGO’s Bid for Toshiba’s Memory Business Surrounded by Hurdles
Broadcom (AVGO) is bidding for Toshiba’s (TOSBF) NAND (negative-AND) Flash business in order to expand in the network storage market.
Applied Global Services Stabilizes Applied Materials’ Earnings
Applied Materials’ Applied Global Services segment Applied Materials’ (AMAT) Semiconductor Systems segment has seen strong growth as chipmakers transition to new material-intensive 3D NAND technology and 10-nm (nanometer) and 8-nm process nodes. The chipmakers may take some time to ramp up new technology and improve yield rates. Applied Materials’ AGS (Applied Global Services) team works in sync with […]
Legal and Regulatory Issues Challenge Qualcomm’s Business Model
Qualcomm (QCOM) has been and continues to be the preferred choice of dividend-seeking investors because of its strong balance sheet and rich cash flows.
What Will Drive NVIDIA’s Professional Visualization Segment?
NVIDIA (NVDA) is developing products to support AI (artificial intelligence) adoption in the data center, embedded devices, and automotive spaces.
Rumor Has It NVIDIA’s Volta Will Arrive Later in 2017
Things are heating up in the GPU space as AMD looks to enter the high-end market with its Vega GPU. Vega will be priced competitively, likely creating a price war between AMD and NVIDIA.
Behind Intel’s Foundry Business
Intel’s process leadership is seemingly unbeatable. Its upcoming 10nm (nanometer) node will contain double the number of transistors compared to Samsung’s and TSMC’s 10nm nodes.
Will Intel Continue to Benefit from Moore’s Law?
Intel’s (INTC) gross margin hasn’t improved much over the last two years because it’s been manufacturing chips on the same 14nm (nanometer) node since 2014.
Behind Intel’s Transition into a Data-Centric Company
2017 started off slow for Intel (INTC) as it transitioned from being a PC-centric (personal computer) company to a data-centric company.
