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Chipmaker ARM beat Wall Street estimates for revenue and earnings in the third quarter, but its stock fell after reporting its results. ARM brought in $806 million in revenue and reported an adjusted profit per share of 36 cents, compared to analyst expectations of $740 million in revenue and 26 cents in earnings per share. The company's cash balance stood at $1.4 million in the third quarter, down from $1.55 million in the same quarter last year.
Despite beating analyst expectations for revenue and earnings in the third quarter, ARM's stock is falling because of its disappointing fourth-quarter forecast. The company expects revenue of $720 million to $800 million in the fourth quarter, below the analyst consensus of $776 million.
But shortly before ARM reported its strong third-quarter results, Intel revealed that it had purchased more than 1 million shares of ARM during the company's IPO in September. Intel's investment is likely motivated by Nvidia's growing interest in ARM, as Nvidia is also reportedly working on ARM-based PC chips.
So Intel purchased ARM shares in an IPO, more precisely according to the report it gave to the SEC as of the end of September Intel owned 1.17 million ARM shares, which is significant for the campaign against Nvidia - two weeks ago Nvidia reported that it will enter the personal computer market, when it starts producing processors based on ARM chips - Nvidia planned to use ARM against Intel, on Intel's home court.
This move on Nvidia's part is almost a taunt to Intel - the field of personal computers is clearly Intel's domain, and Nvidia declared that it was "invading its territory". So it turns out that Intel has already anticipated a cure for the blow, and it owns the company with which Nvidia planned to challenge it. This story only illustrates how competitive this industry is, and how many significant events happen without investors even hearing about them. Following this report, ARM's stock is down 6% in trading.
The reason Nvidia chose to enter the personal computer field may be due to Microsoft's efforts to help chip companies build Arm-based processors for Windows computers, but the fact that Intel dominates the personal computer processor field with a 62.7% market share cannot be ignored. And Nvidia is not alone. AMD also plans to join the celebration and produce Arm-based processors. According to estimates, the chip giants will be able to start selling PC processors as early as 2025. The companies will join Qualcomm, which has been making Arm-based chips for laptops since 2016.
The efforts of AMD, Nvidia and Qualcomm could cause a shock in the personal computer industry, which has long been dominated by Intel, but is under increasing pressure from Apple. The processors developed by Apple gave the MacBook computers better battery life and faster performance that compete with the processors of the competitors that consume more energy in order to provide the same performance. The efficiency of Apple's processors, including for the purpose of artificial intelligence developments, has impressed Microsoft, which is now working to achieve similar performance.
Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.
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Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
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Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
