Before you start! I'm not a professional investor or stock trader. The ideas in the chart just concern me.
Fundamentals
News Summary for Q2 Earings (from Intel's Offical Website)
Second-quarter revenue of $19.7 billion was up 20 percent year-over-year (YoY). Data-centric revenue* grew 34 percent, accounting for 52 percent of total revenue; PC-centric revenue grew 7 percent YoY. Second-quarter GAAP earnings-per-share (EPS) was $1.19, up 29 percent YoY; non-GAAP EPS of $1.23 was up 16 percent. Year-to-date, generated $17.3 billion cash from operations and $10.6 billion of free cash flow and paid dividends of $2.8 billion. Accelerating 10nm product transition; 7nm product transition delayed versus prior expectations. Expecting full-year revenue of $75 billion; GAAP EPS of $4.53 and non-GAAP EPS of $4.85.
Cloud terminals, 5G, AI may help the company's data-centric revenue in the coming years to grow more and more in the years.
Rising video gaming and online education industry or "COVID-19-necessity" also may have an important role for the company's PC-centric revenue in the long and short term.
Intel's getting into GPU market with its first external GPU, "XE", may make it a very hard competitor against AMD and especially NVIDIA in this field in the coming years.
That's not how you calculate the target of this H&S
Mustafaksoy
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@Sippinwok It’s my science bro 😛. You can say that the support line of h&s should be starting point of target distance. But I can say that it’s not a proven support line due to its being in the gap. 😝 So you should use the gap’s end as base target distance start point. 🤦♂️ I said bro, I m not professional.
jerryz73001
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Thanks for sharing! Please keep the good work up!
Intel and whole chip industry is transitioning and positioning for future prospects in Cloud, data center, AI, automotive, imo intel still performing well in terms of data center growth, but definitely needs more innovation.
Time to pivot