Angel One wants to fly like an Angel. Angel One Ltd. operates as a financial services company. It engages in the full-service retail broking house. The firm also offers broking and advisory services, margin funding, loans against shares, and financial products distribution.
Angel One Ltd CMP is 2664.50. The positive aspects of the company are Company with Zero Promoter Pledge, Growth in Net Profit with increasing Profit Margin, FII / FPI or Institutions increasing their shareholding and MFs increased their shareholding. The Negative aspects of the company are PE higher than Industry PE, Low durability companies, Promoter holding decreased by more than -2% QoQ and Stocks with Expensive Valuations .
Entry can be taken after closing above 2662. Targets in the stock will be 2700 and 2779. Long term targets will be 2927 and 3099+. Stop loss in the stock should be maintained at Closing below 2600.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Stocksignals
Apollo Micro Systems making moves in the upward direction. Apollo Micro Systems Ltd. engages in the manufacture of Aerospace and Defence related electronic components and systems. It includes electronic manufacturing, hardware design, information technology and software, electronic, and mechanical services. It also offers space, and transportation solutions.
Apollo Micro Systems Limited (AMS) CMP is 108.89. The positive aspects of the company are Company with Low Debt, Annual Net Profits improving for last 2 years and Company with decreasing Promoter pledge. The Negative aspects of the company are PE higher than Industry PE, Declining Cash Flow from Operations and Companies with weak financials.
Entry can be taken after closing above 109. Targets in the stock will be 112, 118 and 125. The long-term target in the stock will be 133, 140 and 147. Stop loss in the stock should be maintained at Closing below 102 or 93 depending upon your risk taking ability.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
HANG SENG Strong buy opportunity on the 1D MA50.Hang Seng (HSI1!) has been consolidating on the 1D MA50 (blue trend-line) for 4 straight days. Technically it is an attempt to form a bottom, which includes also the 0.5 Fibonacci retracement level, measured from the April 19 Higher Low.
The last time a trend both the 1D MA50 and 0.5 Fib was on December 28 2023 and 2 days later. As you can see that was a downtrend of 2 phases and after the 0.5 Fib/ 1D MA50 test, the price got rejected, starting the 2nd phase that extended up until the 1.5 Fibonacci extension, where the market bottomed.
As a result, it is highly likely to see a symmetrical mirror pattern. This time the 1.5 Fib ext is at 21600 and that is our medium-term Target.
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Unity Software IncUnity Software stock soared on Monday, rising nearly 20% into the close after a shoutout during Apple's Worldwide Developers Conference.
Unity's gaming software will be used in Apple's new mixed reality headset, the Apple Vision Pro, Apple announced on Monday.
"We know there is a community of developers who have been building incredible 3D apps for years," Apple's vice president of worldwide developer relations said during the WWDC presentation. And today we are excited to share that we've been working with Unity to bring those apps to Vision Pro. So popular Unity-based games and apps can gain full access to vision OS features such as pass-through, high-resolution renderings, and native gestures."
Volume in Unity stock shot up to more than triple the 20-day moving average as the stock had its best intraday performance since November 10.Unity operates a cross-platform game engine that was first discussed at a Apple WWDC in 2005 in regards to the Mac. The company went public in 2020 and the stock was bought up to nearly $200 a share during the 2021 tech surge in stocks. Ark Innovation Founder Cathie Wood is a shareholder. Unity is the 15th largest holding in Ark's flagship fund, the Ark Innovation ETF (ARKK) and represents 3.46% of the total portfolio.
On May 10, Unity reported first-quarter earnings that beat Street estimates for revenue while posting a wider-than-expected loss per share. Unity reported first-quarter revenue of $500.36 million compared to Wall Street estimates for $477.67, per Bloomberg data. Unity's adjusted earnings per share loss of $0.09 was more than $0.01 the Street had been expecting.
Like others in the gaming sector, Unity spent its first-quarter earnings call positioning itself as an AI winner.
"AI is going to have a profound effect on the industry," Unity CEO John S. Riccitiello said on the company's earnings call. "First, it's going to lead to inflection up in growth as game types are built that were no longer — were not previously possible. And secondly, we're going to see, I believe, some of the crazy expense that goes on in some high-end production come down some. It's a favorable part for the game industry for growth. And I guess it'd be very favorable for Unity as we drive some of these changes through the industry."
SPX 500 Breaks Record High, Targets 5650US SPX 500 – technical overview
Longer-term technical studies continue to look quite extended, begging for a deeper correction ahead. At the same time, the latest bullish breakout to a fresh record high beyond the 2024 high opens the door for the next measured move upside extension targeting the 5650 area. Key support comes in at 5194.
R2 5500 – Round Number – Strong
R1 5450 – 7 June/Record high – Medium
S1 5321 – 7 June low – Medium
S2 5194 – 31 May low – Strong
US SPX 500 – fundamental overview
Though we have seen a healthy adjustment of investor expectations towards the amount of rate cuts in 2024, the market still hopes policy will end up erring more towards the investor friendly, accommodative side of things. This bet has kept stocks well bid into dips and consistently pushing record highs. Still, if there is a sense the Fed will need to be more sensitive towards erring on the side of higher rates, it could invite major disruption to the stock market.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
Chegg Chegg, Inc. (ticker symbol: **CHGG**), is an education technology company that provides digital and physical textbook rentals, online tutoring, and other student services. In the context of the list provided, Chegg is not explicitly included, but it could be categorized under the broader "Technology and Innovation" or "Consumer Discretionary" sectors due to its focus on educational services.
### Role Chegg Can Play in the Future
1. **Educational Accessibility**:
- **Affordable Learning Resources**: Chegg's services can help make education more affordable and accessible by offering lower-cost textbook rentals and online learning resources.
- **Digital Transformation in Education**: As education continues to shift online, Chegg can play a crucial role in providing digital study tools and resources that enhance remote learning experiences.
2. **Personalized Learning**:
- **Data-Driven Insights**: Chegg can leverage data analytics to provide personalized learning experiences, tailoring study materials and tutoring to individual student needs.
- **Adaptive Learning Platforms**: Developing adaptive learning technologies that adjust to a student's pace and learning style can improve educational outcomes.
3. **Expanding Global Reach**:
- **International Expansion**: By expanding its services to international markets, Chegg can support students worldwide, contributing to global educational equity.
- **Multilingual Support**: Offering resources in multiple languages can help non-English speaking students access high-quality educational content.
4. **Integration with Traditional Education**:
- **Partnerships with Educational Institutions**: Chegg can collaborate with schools and universities to integrate its services into traditional curricula, providing supplemental learning tools.
- **Credentialing and Certification**: Offering online courses and certification programs can help students gain new skills and credentials outside of traditional degree programs.
### Benefits of Data Centers
Data centers are critical infrastructure for modern digital services, including those provided by companies like Chegg. Here are some key benefits:
1. **Reliability and Uptime**:
- **High Availability**: Data centers are designed to provide high levels of reliability, ensuring that services are available 24/7 with minimal downtime.
- **Redundancy**: They include redundant systems for power, cooling, and networking to prevent service disruptions.
2. **Scalability**:
- **Resource Management**: Data centers can scale resources up or down based on demand, allowing companies to efficiently manage their computing needs.
- **Growth Support**: As a business grows, data centers can provide the necessary infrastructure to support increased traffic and data storage requirements.
3. **Security**:
- **Physical Security**: Data centers have robust physical security measures, including controlled access, surveillance, and security personnel.
- **Cybersecurity**: They employ advanced cybersecurity protocols to protect data from cyber threats, including firewalls, encryption, and intrusion detection systems.
4. **Cost Efficiency**:
- **Economies of Scale**: By centralizing IT resources, data centers can achieve cost savings through economies of scale.
- **Reduced Capital Expenditure**: Businesses can avoid the high costs of building and maintaining their own data centers by using third-party data center services.
5. **Energy Efficiency**:
- **Green Initiatives**: Many modern data centers are designed with energy efficiency in mind, utilizing renewable energy sources and advanced cooling technologies to reduce their carbon footprint.
- **Resource Optimization**: Efficient resource management practices help minimize energy consumption and operational costs.
6. **Disaster Recovery and Backup**:
- **Data Redundancy**: Data centers often provide backup and disaster recovery services, ensuring that data is not lost in the event of a hardware failure or natural disaster.
- **Business Continuity**: These services are essential for maintaining business continuity, allowing companies to recover quickly from disruptions.
In summary, Chegg has the potential to significantly impact the future of education through its innovative services and global reach. Data centers, on the other hand, provide the backbone for these and other digital services, offering reliability, scalability, security, and efficiency.
KRBL is changing gears quickly. KRBL Ltd. operates as a holding company. The firm engages in the export of rice miller and basmati rice. It operates through the following segments: Agri and Energy. The Agri segment supplies rice, Furfural, seed, bran and bran oil. The Energy segment comprises of power generation from wind turbine, husk based power plant and solar power plants.
KRBL Ltd CMP 310.20. The positive aspects of the company are Company with Low Debt, Improving cash from operations annual, Zero promoter pledge, FIIs are increasing stake, MFs are increasing stake and Dividend Yield = 1.39%. The Negative aspects of the company are Declining annual net profit, Companies with weak financials and Stocks Underperforming their Industry Price Change in the Quarter.
Entry can be taken after closing above 314. Targets in the stock will be 356, 377 and 393. The long-term target in the stock will be 414, 446 and 472. Stop loss in the stock should be maintained at Closing below 258.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Gandhar oil can gain momentum after forming bottom. Gandhar Oil Refinery (India) Limited manufactures Oils, Lubricants and greases of various kinds.
Gandhar Oil Refinery (India) Limited CMP 214.34. The positive aspects of the company are Company with Low Debt and Zero promoter pledge. The Negative aspects of the company are FIIs are decreasing stake, MFs are decreasing stake and Declining annual net profit Declining cash from operations annual.
Entry can be taken after closing above 218. Targets in the stock will be 237, 251, 274 and 287. The long-term target in the stock will be 304, 320 and 343. Stop loss in the stock should be maintained at Closing below 181.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
COINBASE Short-term Channel Up targeting $284Coinbase (COIN) has been trading within a short-term Channel Up (blue) ever since the bottom on the 4H MA200 (orange trend-line) and later turned the 4H MA50 (blue trend-line) into a Support too. Yesterday the first 4H MA50/ 1D MA50 Bullish Cross was formed since February 29.
As you can see this is approximately the same pattern that was followed after the February 09 bottom on the 4H MA200 and its first Target was the Resistance coming of the previous High.
This short-term Channel Up leads straight to that Resistance as part of its next Higher High, so our short-term Target is $284.00.
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CHINA A50 Is this 1W MA50 rebound breaking the bearish trend?On December 21 2023 (see chart below) the China A50 index (CN50) gave us the best buy entry possible on more than 1 year span:
The price increased on this Bullish Leg and a month ago reached the top (Lower Highs trend-line) of the Falling Wedge. At the same time, it broke above the 1W MA100 (green trend-line) for the first time since December 28 2021, giving the first long-term buy signal in years.
Regardless of this signal, the index got rejected at the top of the Falling Wedge and is on a 4 week decline. However it reached this week the 1W MA50 (blue trend-line) again and so far reacted positively by holding it. As long as it holds and closes the 1W candles above it, it is more likely that this will transition into a rebound, which will be the 2nd and final long-term buy signal.
In that case, we expect the index to finally break above the Falling Wedge and stage a long-term pursuit of the 1W MA200 (orange trend-line). Our Target will be 13550 (slightly below Resistance 1).
If however the 1W MA50 breaks (closes candle below it), we will take the small loss and open a sell, targeting 11800 (the 0.5 Fibonacci level), similar to the March 14 2023 decline. The confirmation for this signal will come if the 1W MACD forms a Bearish Cross.
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TESLA Huge Inverse Head & Shoulders ahead of Musk's $56B vote!Tesla (TSLA) broke today above its 1D MA100 (green trend-line) for the first time in more than 5 months (since January 04) and ahead of Musk's $56 billion today, seems to be completing an Inverse Head and Shoulders (IH&S) pattern.
Technically this is a pattern seen in major market bottom's. This time it is being formed within the broader pattern of the Bearish Megaphone. A standard 2.0 Fibonacci extension Target would test the top (Lower Highs trend-line) of that Megaphone, considerably above the 1D MA200 (orange trend-line).
As a result, our medium-term Target is $225.00, marginally below the 2.0 Fibonacci extension.
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Meghmani on the verge of breakout mega breakout?Meghmani Organics Ltd. operates as a diversified chemical company. It operates under the following segments: Pigment segment and Agrochemical segment.
Meghmani Organics CMP is 83.21. The positive aspects of the company are Company with Zero Promoter Pledge, Growth in Net Profit with increasing Profit Margin (QoQ), Stock with Low PE (PE = -20) and FII / FPI or Institutions increasing their shareholding.
The Negative aspects of the company are Degrowth in Revenue and Profit, Companies not able to generate net cash and Annual net profit declining for last 2 years.
Entry can be taken after closing above 84.5. Targets in the stock will be 93 and 96. The long-term target in the stock will be 100 and 105. Stop loss in the stock should be maintained at Closing below 71.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
BEPL giving a breakout on bounce. Bhansali Engineering Polymers Ltd. engages in the manufacture and sale of acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) resins.
Bhansali Engineering Polymers CMP is 99.68. The positive aspects of the company are Company with No Debt, Company with Zero Promoter Pledge, Growth in Operating Profit with increase in operating margins (YoY) and MFs increased their shareholding last quarter.
The Negative aspects of the company are Companies not able to generate net cash.
Entry can be taken after closing above 100. Targets in the stock will be 103, 106 and 109. The long-term target in the stock will be 113 and 117. Stop loss in the stock should be maintained at Closing below 88.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
🗺️NVIDIA Roadmap🗺️🚀➕20%🚀🔔Today, I want to analyze NVIDIA stock for you because I think it still has the potential to increase in price, and also, in NVIDIA 's previous rally, AI tokens had a good rise.
💡The main reason for Nvidia's growth is the company's leadership in the field of Artificial Intelligence(AI) chips . The market value of this company crossed the one trillion dollar mark less than a year ago. Nvidia now has a higher market value than the well-known companies Amazon and Google .
💡 Nvidia's earnings report that was published exceeded expectations so that Nvidia was able to make $26 billion in profits in the first 3 months of this year, which is really great.
💡Profitability was 5.3% higher than forecasts , and Nvidia made a profit of $6.12 Earnings per Share(EPS) .
💡Nvidia forecasted $28 billion in revenue for the fiscal second quarter , with a margin of error of 2% .
💡Soon the price of each stock will be divided into 10 units. For each stock of the price break, $0.01 is distributed, which represents 150% growth from the previous period.
💡 Artificial Intelligence Tokens have not yet shown their progress, but it is better to keep an eye on them. BINANCE:FETUSDT _ BINANCE:NEARUSDT _ BINANCE:RNDRUSDT _ BINANCE:GRTUSDT _ BINANCE:TAOUSDT _ BINANCE:INJUSDT _ BINANCE:THETAUSDT
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📊Now let's take a look at the NVIDIA chart .
✅ NVIDIA managed to break the 🔴 Resistance zone($974_$924) 🔴 by Breakaway Gap .
📈In terms of Classic Technical Analysis , NVIDIA has managed to form a Bullish Long Island Pattern , and this pattern is one of the continuing patterns and will be a sign of the continuation of NVIDIA's upward trend .
🌊According to the theory of Elliott Waves , NVIDIA is completing the main wave 5 and it is very likely that the main wave 5 will finish in the 🟡 Potential Reversal Zone(PRZ)($1,305_$1,138) 🟡.
🔔I expect that NVIDIA will continue to grow at least 🚀➕20%🚀 more, although minor corrections are also possible.
NVIDIA Analyze (NVDAUSD), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Taiwan Semiconductor - Unknown stock with trading potentialNYSE:TSM is one of the rather unknown stocks with an impressive market capitalization of 680 billion dollars.
Just a couple of months ago TSM finally broke above a major previous resistance level and confirmed the bullish triangle breakout. Momentum is quite strong so far so maybe we will never see the previous structure again. In this case there is no need to actually chase the all time high. However, a pullback might still be quite likely and this might present an interesting long opportunity in the future.
Levels to watch: $130, $100
Keep your long term vision,
Philip - BasicTrading
APPLE (AAPL)Apple's innovation shown in iPhone 14 is not likely enough to entice consumers to stretch their budgets in the current macroeconomic environment
40% of Warren Buffett portfolio still belongs to Apple?! for most people and traders I think its a slow asset class and like Tim Apple! sorry Cook ,Warren like to play safe too
Apple price showed a good reaction to 135 support and now heading to 149, for Scalpers breaking 150 resistance can be a good long opportunity and for investors AAPL still can back to 125$ levels so
there is no reason to fomo
Intel Corporation | INTCIntel reported second quarter earnings on Thursday, showing a return to profitability after two straight quarters of losses and issuing a stronger-than-expected forecast. the stock rose 7% in extended trading.
Here’s how Intel did versus Refinitiv consensus expectations for the quarter ended July 1:
Earnings per share: 13 cents, adjusted, versus a loss of 3 cents expected by Refinitiv.
Revenue: $12.9 billion, versus $12.13 billion expected by Refinitiv.
For the third quarter, Intel expects earnings of 20 cents per share, adjusted, on revenue of $13.4 billion at the midpoint, versus analyst expectations of 16 cents per share on $13.23 billion in sales.
Intel posted net income of $1.5 billion, or 35 cents per share, versus a net loss of $454 million, or a loss of 11 cents per share, in the same quarter last year.
Revenue fell 15% to $12.9 billion from $15.3 billion a year ago, marking the sixth consecutive quarter of declining sales.
Intel CEO Pat Gelsinger said on a call with analysts the company still sees “persistent weakness” in all segments of its business through year-end, and that server chip sales won’t recover until the fourth quarter. He also said that cloud companies were focusing more on securing graphics processors for artificial intelligence instead of Intel’s central processors.
David Zinsner, Intel’s finance chief, said in a statement that part of the reason the report was stronger than expected was because of the progress the company has made toward slashing $3 billion in costs this year. Earlier this year, Intel slashed its dividend and announced plans to save $10 billion per year by 2025, including through layoffs.
“We have now exited nine lines of business since Gelsinger rejoined the company, with a combined annual savings of more than $1.7 billion,” said Zinsner.
Revenue in Intel’s Client Computing group, which includes the company’s laptop and desktop processor shipments, fell 12% to $6.8 billion. The overall PC market has been slumping for over a year. Intel’s server chip division, which is reported as Data Center and AI, saw sales decline 15% to $4 billion plus Intel’s Network and Edge division, which sells networking products for telecommunications, recorded a 38% decline in revenue to $1.4 billion.moreover Mobileye, a publicly traded Intel subsidiary focusing on self-driving cars, saw sales slip 1% on an annual basis to $454 million and Intel Foundry Services, the business that makes chips for other companies, reported $232 million in revenue.
Intel’s gross margin was nearly 40% on an adjusted basis, topping the company’s previous forecast of 37.5%. Investors want to see gross margins expand even as the company invests heavily in manufacturing capability.
In the first quarter, the company posted its largest loss ever as the PC and server markets slumped and demand declined for its central processors. Intel’s results on Thursday beat the forecast that management gave for the second quarter at the time.
Intel management has said the turnaround will take time and that the company is aiming to match TSMC’s chip-manufacturing prowess by 2026, which would enable it to bid to make the most advanced mobile processors for other companies, a strategy the company calls “five nodes in four years.” Intel said on Thursday that it remained on track to hit those goals.
Nvidia has had an amazing run, but any emerging technology, such as AI, which is bottlenecked by a single company will have issues in growth. Consulting firm McKinsey has pegged the AI market to be worth $1 trillion by 2030, but also that it was in an experimental and in early phases of commercial deployment.
While Nvidia will likely retain its leadership in GPU hardware as applied to AI for the foreseeable future, it is likely that other hardware solutions for AI systems will also be successful as AI matures. While technologist may quibble on specifics, all major AI hardware today are based on GPU architectures, and as such I will use the terms and concepts of AI hardware and GPU architecture somewhat interchangeably.
One likely candidate for AI related growth may be AMD (AMD), which has had GPU products since acquiring ATI in 2006.However, unlike Nvidia, which had a clear vision for of general-purpose GPU products (GPGPU), historically, AMD had largely kept its focus on the traditional gaming applications. AMD has developed an AI architecture called XDNA, and an AI accelerator called Alveo and announced its MI300, an integrated chip with GPU acceleration for high-performance computing and machine learning. How AMD can and may evolve in the AI may be subject of a different article.
Another contender for success in the AI applications using GPU is Intel, who is the focus of this article. Intel has maintained a consistent, if low key focus on GPU hardware focused on AI applications over the last decade. Intel’s integrated HD Graphics is built into most modern processor ICs; however, these are insufficient compared to dedicated GPUs for high-end inferencing or machine learning tasks.
It has 2 primary GPU architectures in production release:
In 2019 Intel Corporation acquired Habana Labs, an Israel-based developer of programmable deep learning accelerators for the data center for approximately $2 billion. Habana Labs’ Gaudi AI product line from its inception focused on AI deep learning processor technologies, rather than as GPU that has been extended to AI applications. As a result, Gaudi microarchitecture was designed from the start for the acceleration of training and inferencing. In 2022 Intel announced Gaudi2 and Greco processors for AI deep learning applications, implemented in 7-nanometer (TSMC) technology and manufactured on Habana’s high-efficiency architecture. Habana Labs benchmarked Gaudi2’s training throughput performance for the ResNet-50 computer vision model and the BERT natural language processing model delivering twice the training throughput over the Nvidia high end A100-80GB GPU. So, Gaudi appears to give Intel a competitive chip for AI applications.
Concurrent with the Habana Labs’ Gaudi development, Intel has internally developed the Xe GPU family, as dedicated graphics card to address high-end inferencing or machine learning tasks as well as more traditional high-end gaming. Iris® Xe GPU family consists of a series of microarchitectures, ranging from integrated/low power (Xe-LP) to enthusiast/high performance gaming (Xe-HPG), data center/AI (Xe-HP) and high-performance computing (Xe-HPC). The architecture has been commercialized in Intel® Data Center GPU Flex Series (formerly codenamed Arctic Sound) and Intel® Arc GPU cards. There is some question on Xe GPU future and evolution. Intel has shown less commitment to the traditional GPU space compared to Gaudi. Nonetheless, it does demonstrate Intel ability to design and field complex GPU products as its business requires.
Intel has many other AI projects underway. The Sapphire Rapids chips implements AI specific acceleration blocks including technology called AMX (Advanced Matrix Extensions), which provides acceleration inside the CPU for efficient matrix multiplications used in on-chip inferencing and machine learning processing by speeding up data movement and compression. Intel has supporting technologies such as Optane, which while cancelled as a production line, is available for their needs of a high-performance non-volatile memory, one of the intrinsic components in any AI product.
Based on the above, Intel appears to have competitive hardware solutions, however if we look at Nvidia success in AI, it is a result of a much a software and systems focus as it is the GPGPU hardware itself. Can Intel compete on that front. Ignoring for the moment that Intel has a huge software engineer (approx. 15,000) resource, it also has- access to one of the leading success stories in perhaps the most competitive AI application – self driving cars.
Mobileye, who was acquired by Intel in 2017, has been an early adopter and leader, with over 20 years of experience in automotive automated driving and vision systems. As such, Mobileye has a deep resource of AI domain information that should be relevant to many applications. Mobileye has announced that it is working closely with Habana, as related divisions within Intel. While Intel is in the process of re-spinning out Mobileye as public company, Mobileye Global Inc. (MBLY), at present Intel still owns over 95% of shares, keeping it effectively an Intel division.
In looking at Intel, we have a company with the history, resources, and technology to compete with Nvidia and infrastructure. They have made significant investment and commitment to the emerging AI market, in times when they have exited other profitable businesses. It should also be understood that AI related product are a small percentage of overall Intel revenues (INTC revenue are more than twice NVDA, even if NVDA has 6x its market cap), and continues to keep its primary business focus on its processor and foundry business.
Hopefully for shareholders, Intel continues to push their AI technology and business efforts. Their current position is that this is strategic, but Intel is in a very fluid time and priorities may change based on business, finances, and of course the general interest and enthusiasm for AI. It is always worth noting that AI as a technical concept is mature, and appears to be cyclical, with interest in the technical community rising and falling in hype and interest once every decade or so. I remember working on AI applications, at the time labeled as expert systems in the 1980s. If we are currently at a high hype point, this may be temporary, based on near term success and disappointment in what AI does achieve. Of course, as always, “this time is different” and the building blocks of effective AI systems currently exist, where for previous iterations, it was more speculative.
Intel - Reversing to the upside!Hello Traders and Investors, today I will take a look at Intel .
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Explanation of my video analysis:
On the chart of Intel there are actually two major horizontal structure levels which you have to keep an eye on. First of all there is quite strong support at the $26 level and just a couple of months ago Intel rejected this support towards the upside. Vice versa there is resistance at the $44 level, always pushing price lower. As we are speaking Intel is also retesting a minor support so there is the chance to capitalize on a short term bounce.
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Keep your long term vision,
Philip (BasicTrading)