Alexa, Google Assistant et al have no value. After many years of wrangling, there is finally a smart speaker in the market that supports both Amazon Alexa and Google Assistant in a clear sign that their spectacular failure to do anything very useful, combined with generative AI, has reduced their strategic value to zero. Harman has released through its JBL...
No 5G here. Huawei has released its latest flagship product but its hesitancy to disclose the details of the components that it is using highlights again how unfeasible it is for Huawei to manufacture a 5G smartphone. Huawei has launched the Mate 60 Pro which looks great but how it performs and what sort of battery life it will offer...
The feature is the bug. ChatGPT Enterprise looks like a marketing gimmick to make money rather than a serious attempt to offer generative AI services to corporations as, in my opinion, this service is not suited to serve enterprise requirements for generative AI. OpenAI has unveiled a new service called ChatGPT Enterprise which not surprisingly is a version of ChatGPT...
The Metaverse is chugging along. 12 months is a long time in the technology sector, and while no one is interested in the Metaverse anymore, the developments and product launches are continuing just as RFM forecasted in 2022 when The Metaverse was the hottest thing since sliced bread. The mood is so bleak that when the word metaverse is mentioned...
Two very different sets of results. Nvidia Q2 2023 – As good as it gets. Despite results that substantially beat expectations, the shares jumped much less than they did last quarter in an indication of just how much good news is already built into the valuation. Q2 2023 revenues / EPS were $13.5bn / $2.70 significantly ahead of expectations of...
The business model is already broken. Generative AI start-ups are busily raising money at ludicrous valuations based on the idea that they will be able to charge $20 per month to access their service but I suspect the reality is that it will end up being more like $20 a year. OpenAI, Midjourney, and Microsoft have set the bar for...
More like Qualcomm than Nvidia. SoftBank has made public the F-1 for the IPO or Arm which is a fair appraisal of the company, but it does not read like the filing of an AI company which may affect SoftBank’s ability to convince the market to pay $64bn for the shares. Highlights of the filing include: First, Financials where Arm...
SoftBank leaves no stone unturned in the hunt for $64bn. The latest transaction between SoftBank and Vision Fund I is an attempt to put a market value down for a valuation of $64bn but no one has explained why Arm is more valuable now than it was in June when SoftBank itself valued it at $45bn. SoftBank has purchased the...
Peloton is not for the faint of heart. Peloton is a fallen angel whose shares I resoundingly hated (see here) when it was flying high but it has now been treading water for a year at all-time lows meaning that there is a valuation case to be made for taking a 3rd look at the stock. The story of Peloton...
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
Broadcom, Intel & Dell – Enterprise in charge
Smartphones continue to languish. Results from players in both the enterprise and consumer space indicate that while the consumer sector remains difficult, enterprise demand appears to have bottomed which in some places is being helped by the current generative AI frenzy. Broadcom reported results that met expectations but guided weakly as its exposure to the smartphone market continues to be...