Intel Trading forecasts and signals

Intel Corporation and Canada's Brookfield Asset Management have agreed to jointly invest up to $30 billion in advanced plants of the American chip manufacturer in Arizona.Brookfield's infrastructure subsidiary will invest up to $15 billion to acquire a 49% stake in the expansion project, while Intel will retain a controlling stake and operational control of two chip manufacturing plants dedicated to the production of advanced chips in Chandler, Arizona.The investment is an extension of the agreement signed by Intel and Brookfield in February. Both companies did not disclose specific terms. David Zinsner, Intel's chief financial officer, told analysts that the interest rate ranges from 4.4% to 8.5%, which is more expensive than debt financing, but cheaper than equity financing.The deal was also concluded after US President Joe Biden signed a law this month that provides subsidies in the amount of $52.7 billion for the production and research of semiconductors in the United States.Intel shares on NASDAQ at the auction on August 23 added 0.33% ($ 33.95), and on the premarket on August 24 at the moment they are growing by 0.18%, to $34.01 per ...

The American chip manufacturer Intel and the Italian government are close to concluding a deal worth $5 billion, which involves the construction of an advanced semiconductor manufacturing and assembly plant in the country. The factory will use new technologies to create full-fledged chips.Intel's investment in Italy is part of a broader plan announced by the U.S. chipmaker earlier this year to invest $88 billion in capacity construction across Europe, which seeks to reduce its dependence on Asian semiconductor imports and ease supply chain pressures. The shortage of chips has reduced production in the automotive sector, which is strategic for the region.It is reported that the government of outgoing Prime Minister Mario Draghi is seeking to conclude an agreement by the end of August, before the snap national elections scheduled for September 25. Earlier there were reports that Rome is ready to finance up to 40% of Intel's total investment in Italy, which is expected to increase over time from the initial $5 billion.Intel and the government have compiled a list of possible sites in two Italian regions. The final decision on the construction site has not yet been ...

The American chip manufacturer Intel will manufacture chips for the Taiwanese semiconductor company MediaTek, one of the world's largest chip development companies. The agreement is one of the most significant deals Intel has announced since launching its foundry business early last year.MediaTek will use the services of the Intel Foundry Services division. The company plans to use the technological processes of the chip manufacturer and manufacture chips for a number of intelligent peripheral devices. The first products will be produced within the next two years.In our opinion, this news will not be reflected in the current quotes, since the first products will be produced only within the next two years. Perhaps by that time the chip market will have recovered, and their shortage in the world will come to naught. Our target for securities is around $44 per share (+10% of current ...

Shareholders of the manufacturer of computer components Intel Corp. They voted against compensation packages for top managers, including a payment of $178.6 million to the company's chief executive officer Pat Gelsinger.About 1.78 billion votes were cast against executive compensation at the annual meeting, although it was not mandatory. About 921.2 million votes were cast in favor. The company stated that they take the opinion of their investors seriously, are ready to interact and resolve issues, including linking wages with work results.Gelsinger in 2021 earned more than 1,700 times more than a typical employee of a chip manufacturing company.Intel shares on the Nasdaq premarket on May 17 are growing by 1.6%, to $43.77 per ...

The market the day beforeTrading on April 29, the main American stock exchanges ended in a deep minus. The S&P 500 fell by 3.63% to 4132 points, the Dow Jones lost 2.77%, the Nasdaq dropped by 4.17%. All 11 sectors of the index closed in negative territory. The worst dynamics were demonstrated by the sectors of cyclical consumer goods (-5.08%) and real estate (-4.82%).Company newsAmazon (AMZN: -14.05%) recorded a quarterly net loss for the first time in the last seven years. The company is struggling with inflation and is looking for ways to resolve problems in supply chains that put pressure on the e-commerce segment. At the same time, the AWS segment continues to show strong performance.Intel's report (INTC: -6.94%) for the first quarter exceeded consensus, but the forecast for April-June did not meet market expectations. Management notes inflationary pressures and logistical disruptions.Apple (AAPL: -3.66%) warned that due to problems with the supply of components, its revenue for the third fiscal quarter will decrease by $8 billion. This message leveled the record results for the previous reporting period.We expectUS GDP data last week forced the investment community to reconsider its expectations for an active Fed rate hike. On the eve of the May FOMC meeting, the yield of treasuries is kept near the maximum levels for April. Market participants have almost no doubt that the rate will be raised by 50 bps. At the same time, the forecast of its level for the end of the year has been revised from 2.8% to 2.65%, compared with 2.8% a week earlier. Among the reasons for this revision are the expectation of reaching the peak of inflation, broader global tightening of monetary policy, negative corporate forecasts, geopolitical tensions and a zero tolerance policy for COVID-19 in China.The corporate reporting season also remains in the focus of the market. In the comments of the management, an increase in expenses is mainly noted, which is partially offset by high demand. In addition, the management of the companies expresses hope for overcoming problems with supply chains. A new pressure factor is a strong dollar. This week, the DXY index reached its highest since the beginning of 2002, which, along with the upcoming rate hike, has a serious impact on financial conditions. Thus, some issuers were forced to adjust the annual forecast based on the results of the first quarter, taking into account the currency revaluation.The exchanges of China and Hong Kong are closed on May 2 due to a national holiday. The Japanese NI fell by 0.11%. Euro Stoxx 50 has been losing 1.56% since the start of trading.Brent crude futures are quoted at $104.6 per barrel. Gold is declining to $1,879 per troy ounce.In our opinion, the S&P 500 will hold the upcoming session in the range of 4100-4170 points.MacrostatisticsThere are no important macro statistics scheduled to be published today.Sentiment IndexThe sentiment index rose 1 point to 44.Technical pictureThe S&P 500 is trading near February lows and may find support around 4,100 points. If the level of 4,100 points is crossed downwards, the benchmark may continue its downward movement to the lower limit of the designated channel. The RSI and MACD values confirm the strength of the "bearish" trend.In sightAirbnb Inc. (ABNB) will publish quarterly reports on May 3. The consensus assumes revenue growth of 64% YoY and 73% to the level of 2019 - up to $1.45 billion, with the company's own forecast in the range of $1.41–1.48 billion. Also, market-wide expectations put earnings per share at $0.24 after a loss of $1.95 a year earlier. Despite the reduction in passenger air traffic, as well as a decrease in the number of car trips in March to a minimum from 2021 (-13% compared to 2019 according to the American Tourism Association) due to rising fuel prices, an increase in the number of nights booked on Airbnb is expected to be more than 20%. The total cost of bookings is projected to rise by more than 60% to the result for the same period in 2019. We expect neutral results from Airbnb for January-March and expect positive trends to develop in the current quarter, which begins the holiday season.Barrick Gold (GOLD) will report for the first quarter before the opening of the main session on May 4. After the landmark merger with Randgold in 2019, the leading Canadian gold miner increased its resource base, ranking third in the world in this indicator. The company's deposits are located mainly on the North American and South American continents. In recent years, the gold miner has diversified its business by increasing the volume of copper production. The consensus assumes a decrease in Barrick Gold EPS for the first quarter from last year's $)35 to $0.27. According to the results of the current and next year, the average market expectations are set at $1. Despite the projected reduction in production, revenue is not expected to decrease. It is most likely that due to gold reaching the levels of $1,900-2,100 per ounce at the beginning of the year with an average price level of $1,800 and $1,771 for 2020-2021, Barrick Gold's quarterly report will record an improvement in profitability. Favorable market conditions will allow the company to direct excess profits to repair equipment and research work.Fintech corporation Block Inc. (SQ), formerly known as Square, will present a report for the first quarter on May 5. The consensus forecast assumes an increase in revenue by 16.4% YoY, to $4.23 billion, with EPS falling by 70.7% YoY, to $0.12, due to high development costs and the recent takeover of Afterpay. We believe that the company can demonstrate an increase in commission income from servicing transactions with Bitcoin in the face of increased volatility of the cryptocurrency market at the beginning of the year. Previously, this segment generated more than 50% of revenue. Block is actively diversifying its business, developing a line of solutions for retailers and expanding its presence outside the United States. Thus, the recent acquisition of the Australian company Afterpay and the launch of a business lending platform in Canada lay additional growth drivers, allowing you to maintain your position in the face of increased competition in the industry. Nevertheless, at the moment the company is trading significantly more expensive than its competitors (the P/E multiplier is 329.25 x with an industry average of 52.9x), which reduces the attractiveness of Block shares in the face of tightening financial conditions, despite the long-term growth ...

One of the world's largest manufacturers of computer components Intel Corp. reported for the 2nd fiscal quarter, the results of which were lower than expected. The company's revenue decreased by 7% compared to the same period last year. Intel's revenue in the reporting period was $18 billion, and adjusted earnings per share was $0.70. Analysts had expected revenue of $18.3 billion and adjusted net earnings per share of $0.80.Intel shares on the Nasdaq premarket are falling by 3.57%, to $45.17 per ...

Intel Corp, one of the world's largest manufacturers of computer components, plans to reduce the carbon footprint of its global operations to zero by 2040. In addition, the company intends to increase energy efficiency and reduce the carbon footprint of its products and platforms, as well as work together with partners to create solutions to reduce harmful emissions in the industry as a whole.Intel wants to use electricity generated only from renewable energy sources by 2030, and intends to invest about $300 million in energy conservation at its enterprises. New Intel plants, including in Europe and Asia, will be built in accordance with the standards provided for by the American eco-friendly construction program.Intel shares on Nasdaq rose 1.1% on April 13, to $47.01 per ...

The market the day beforeThe session on February 15, the main American stock exchanges ended in the green zone. The S&P 500 rose 1.58% to 4,471 points, the Dow Jones gained 1.22%, and the Nasdaq rose 2.53%. Almost all of the industries included in the broad market index closed in the black. The exceptions were energy companies (-1.39%) and utilities (-0.55%). The high-tech sector has become the leader of growth (+2.73%).Company newsIntel Corporation (INTC: +1.81%) plans a takeover deal for Tower Semiconductor (TSEM: +42.10%) for $5.4 billion.Virgin Galactic (SPCE: +31.9%) resumes the sale of tickets for space tours.Monster Beverage (MNST: +0.25%), according to Bloomberg, is in talks to merge with Constellation Brands (STZ: -6.12%).ExpectationsThe increased demand for risky assets was caused by signs that Moscow has begun to de-escalate tensions around Ukraine. The Ministry of Defense of the Russian Federation announced the return of some of the military units stationed near the border to their permanent bases, but at the same time large-scale exercises are continuing. In turn, President Joe Biden confirmed the US intention to strengthen NATO's presence in Europe if Russian troops invade the territory of a neighboring state. In our opinion, the geopolitical risks are temporary, and such fundamental factors as the acceleration of inflation, the upcoming tightening of the Fed's monetary policy, as well as the ongoing pandemic remain relevant.Interestingly, the yield on 10-year government bonds barely reacted to the much higher-than-expected rise in the producer price index (PPI). The final demand index for January rose by 1.0% mom, exactly double the consensus, resulting in PPI increased by 9.7% YoY. Excluding food and energy, the final demand index increased by 0.8% mom with a forecast of 0.5%. Meanwhile, the yield of 10-year treasuries stopped at 2.04%, which is 2 bps higher than yesterday's session. The yield of "two-year-olds" fell by 1 bps, to 1.57%, the yield of 30-year securities increased by 2.36%.Trading on February 15 on the sites of Southeast Asia ended with growth. China's CSI 300 rose by 0.39%, Japan's Nikkei 225 rose by 2.22%, Hong Kong's Hang Seng added 1.42%. EuroStoxx 50 has been growing by 0.20% since the opening of the session.Brent crude futures are quoted at $93.28 per barrel. Gold is trading at $1854.8 per troy ounce.In our opinion, the S&P 500 will hold the upcoming session in the range of 4440-4490 points.MacrostatisticsToday, data on the dynamics of retail sales in January will be published (consensus: growth of 2% after a drop of 1.9% in December).Sentiment IndexThe sentiment index rose three points to 46.Technical pictureThe S&P 500 has returned to the level of the 200-day moving average. The RSI remains at 40 points, which signals the equal forces of bulls and bears. The MACD indicator also does not give clear signals for the development of a certain movement. All these factors together indicate that the broad market index may hold the upcoming session in a sideways ...

Against the background of geopolitical tensions around Ukraine, the US and Russian authorities are considering plans for possible sanctions against each other. Reuters previously reported that the White House is thinking about a complete ban on exports to Russia of semiconductors manufactured using American technologies. Such a ban may be imposed in the event of an invasion of Ukraine by the Russian Federation.At the same time, the Biden administration warned semiconductor manufacturers: they may face a shortage of the main components for the production of chips, namely C4F6 gas, neon and palladium.Neon is used to produce lasers that are used in microchips. Palladium is used in sensors and memory chips. And all this is largely supplied to the USA from Russia.According to the Techcet research group, neon is a byproduct of Russian steel production. Then it is exported to Ukraine, where it is additionally cleaned, and from there it is sent to the USA. If we talk about specific figures, 35% of palladium supplied to the USA is produced in Russia, and Ukraine accounts for more than 90% of neon supplies to the USA. If the United States restricts the import of semiconductors, Russia in response to this may restrict the import of raw materials for their production.What is the result?If the United States implements such a scenario, then prices for all electronics, in particular smartphones, laptops and PCs, will increase significantly. At the same time, if Russia restricts the supply of palladium and neon, the global shortage of semiconductors that we are currently seeing will only worsen. Market participants expect that in such a scenario, supply chains will not completely stop, but prices and the shortage of components will increase significantly.Against the background of all the news, some chip manufacturers have already begun to revise their supply chains in order to replace imports from Russia with more reliable suppliers. Although Intel (INTC), one of the largest processor manufacturers, said that it does not expect any influence of geopolitics on neon supplies.Opinion of analystsAll of the above is still guesswork and analysis of possible scenarios that can only be realized in the worst case. Most likely, all this will remain at the discussion stage, since an invasion scenario is unlikely.Despite this, a number of changes may occur in the semiconductor industry at the moment. Manufacturers will review their supply chains, which may harm Russian export companies, in particular, Norilsk Nickel (GMKN).Also, due to the alarming news, the prices of neon and palladium can fluctuate greatly. For example, in the early spring of 2014, against the background of unrest in Ukraine, neon prices increased by 600% at the moment. If this growth is repeated, the costs of semiconductor manufacturers may increase, which will worsen the shortage of ...

On December 13, it was reported that Intel may expand production facilities in Malaysia. According to the statement of the Investment Development Department of Malaysia, Intel is investing 30 billion ringgit (about $7.1 billion) in a facility located in the island state of Penang, where the company currently already has an assembly and testing facility. According to open sources, Intel's new production facilities will be used to assemble the most advanced chips, which seems logical given the company's lag in the most advanced market niche.We believe that the risk of disruption or postponement of the investment project is very low, since all parties are interested in its implementation: the program has received political support from both Malaysia and the United States, since the expansion of assembly facilities is not a threat to the States from the point of view of maintaining technology control.However, at the moment it is difficult to predict the economic effect for Intel due to the lack of detailed information on the timing of commissioning, production capacity and chips being assembled. In addition, such projects are often implemented in several stages, which also complicates forecasting. Based on the cost of similar Intel and TSMC facilities, we can assume that when the new enterprise reaches full capacity, it can generate $1-2 billion in revenue (provided it is fully loaded), the project implementation period may be two to three years.In a statement, the Investment Development Department of Malaysia said that more detailed information about Intel's plans in this country will be disclosed at a press briefing on Wednesday (December 15).In the absence of details on the investment project, we maintain the target price for Intel paper at $61 with a "hold" recommendation. We note the reversal of the company's focus from share repurchase to expansion of production capacity, which, in our opinion, will have a positive impact on the issuer's performance in the long ...

There has been a lot of talk about unmanned vehicles in recent years. It seems that the moment is already close when only driverless cars with autonomous control and navigation will drive on the roads. But in fact, the market is just beginning to develop. In order for the mass use of drones on the roads to become possible, many issues related to technology, security and infrastructure have yet to be resolved.How are things on the unmanned transport market?In fact, it will not be possible to immediately rebuild cars to full autonomy. In the industry, there are 5 levels of transport autonomy, the transition between which is carried out gradually.Level 1: availability of auxiliary functions to assist the driver (cruise control system, warning systems for parking, etc.). Most modern cars already have such technologies.Level 2: availability of assistance systems for steering, speed control and lane movement. However, the driver still has to manually control the steering wheel. For example, many Tesla models have such systems.Level 3: a real autopilot, in which the driver can no longer hold the steering wheel in his hands. However, in difficult road situations, human intervention may be required. Cars of this type are being developed by many automakers, but the mass introduction is still complicated by legal regulation.Level 4: most road situations are controlled without human intervention, but there are difficulties with traveling in bad weather conditions. An example of such transport is an unmanned taxi from Waymo (Google), launched in Arizona.Level 5: full autonomy, which has not yet been achieved in practice for passenger transport.At the moment, we are at the stage of active development of level 3 drones, level 4 is already on the way. According to the forecasts of Berg Insight analysts, in the period up to 2030 we are waiting for an explosive growth in the number of self-driving cars, and this growth will be carried out primarily at the expense of level 3 cars and, secondly, at the expense of level 4 autonomy. There is no talk about level 5 yet.Thus, we can make a preliminary conclusion about the prospects of the driverless car market, which is still almost not occupied and has significant potential for growth. However, it should be understood that not only the manufacturers of the cars themselves, but also suppliers of equipment and technologies will benefit from this trend.Intel's role in the unmanned vehicle marketIntel has a small segment called Mobileye, which develops chips and software for autonomous transport. Initially, Mobileye is an Israeli startup that entered the NYSE exchange in 2014. In 2017, Mobileye was bought by Intel for $15.3 billion.Mobileye currently brings Intel only 1.8% of total revenue. However, Intel acquired this startup with an eye to the future. In the future, with the development of the unmanned transport market, Mobileye will have the opportunity to increase its share in the company's revenue. Already, this segment is growing by an average of 26% annually (significantly faster than Intel's revenue as a whole).IPO MobileyeIntel expects even faster growth rates from this segment, but does not give up the opportunity to make money on it right now. So, the company plans to bring Mobileye to an IPO in 2022 and thus earn money by selling part of the shares.According to preliminary estimates, the unit could be valued at $50 billion. Since it was bought in 2017 for $15.3 billion, Intel's annual return on investment in Mobileye could be 27%. At the same time, Intel does not plan to sell the division completely and expects to retain control of the company. Investors reacted positively to this news, the shares have already risen by more than 10%.Does Mobileye have any competitors?In addition to Mobileye, Tesla, Google (Waymo), Baidu and Nvidia are also developing their own autopilot systems.However, Mobileye has a competitive advantage in having large amounts of cartographic information. Mobileye systems are already installed on many self-driving cars from the same Volkswagen and BMW, while the use of Google and Baidu is still limited to robotaxi machines that have maps of only individual cities.As for Tesla, it is still lagging behind in the autopilot level (it only works at level 2), while Google and Baidu are already starting to launch robotaxis that correspond to level 4, but are geographically limited in use by the city limits. Nvidia has a chance to compete with Mobileye in autopilot systems, but it is also inferior to Mobileye in data volumes and has half the market share.Let's compare the mentioned companies by multipliers.Comparison of companies related to self-driving cars by multipliersTesla and Nvidia are very expensive, and Baidu carries high country risks of China. Therefore, Google and Intel look the most interesting from this selection at current prices, while the latter is priced very cheaply relative to other technology companies due to low business growth rates. However, the growth and allocation of the Mobileye segment may become an “option” for Intel to disclose the value.Analysts' opinionMobileye can play the role of a growth driver for Intel shares until at least 2030. At the same time, Intel will receive profit both from the sale of part of the company and from the revenue growth of the remaining share.Mobileye has a strong position in the driverless car market and competitive advantages that should ensure its long-term sustainability.Even though the stock price has risen to $55, Intel remains fundamentally attractive, but we need to keep in mind the risks of slowing revenue growth in its core PC processor segment. It is this risk that makes it possible to buy Intel shares at such an attractive ...

The Intel technology concern has not been showing the best results lately. The corporation's securities are falling in price amid weak reporting. Is the issuer's business so unsuccessful in the long term, and is it profitable to buy its shares? We will answer these and other questions in our reviewIntel is an American manufacturer of various electronic devices, computers and PC components. The company's main products are microchips, processors and chips. Intel is also engaged in the production of motherboards, processors and video cards. The corporation also produces and maintains data centers.Apple's rejection of Intel processorsLast year, the concern's main customer in the Apple processor sector surprised with unpleasant news by abandoning an ARM-based product that was used on the brand's macbooks and personal computers. This turn of events turned out to be non-fatal, but it still hit revenue, as the company lost 5.8% of its annual value. Another sad news was the data that the chips developed by Apple are superior in quality to Intel chips. Now the concern is facing the loss of another large-scale client - Microsoft, the company has been developing its own semiconductors for several years. Thus, the issuer not only suffers losses, but it also has two new competitors.Changes in the company structureThe new year brought the corporation a new head. Bob Swan's post was taken over by former VMware CEO Pat Gelsinger, who was once Intel's CTO.Already in the spring, he informed employees that he plans to significantly expand production by building several enterprises in the United States for $20 billion. At the end of this year, the company is to deliver a new generation of processors to the markets. According to management, AMD's direct competitor does not have similar products.In addition, Pat Gelsinger noted that Intel should overtake TSMC by 2025 and become an industry leader again. To achieve this, the concern is ready to spend billions of dollars on production and modernization. Therefore, we will have to apply for subsidies to the American and European governments. If Intel's plans come to fruition, the corporation may grow significantly next year, and its securities will become attractive for long-term investments.Intel production plansIntel is currently paying special attention to the Chipzilla GPU. It is being developed using the latest technologies, which will allow it to compare with similar products of rival issuers. With the help of Chipzilla's GPU, the concern can easily take a leading place in the multibillion-dollar graphics card market.Intel also plans to take a place in the discrete GPU market in 2022 with the new Arc Alchemist graphics card. After that, the company is going to present graphics cards of the same series. According to recent research, Intel is developing high-performance gaming graphics cards for laptops. This may turn out to be a promising strategy, since gaming laptops are very popular, and their price tag is much higher than usual. According to IDC estimates, this market grew by 27% last year. According to experts' expectations, in 4 years the annual supply of gaming laptops will grow from 24 million units to 33.8 million.Recall that last year the average check for a laptop was $516, that is, Intel will match the markets with a higher margin level. If everything goes according to plan, sales of laptops will grow. Everything suggests that the concern is determined to take a leading position in the video card market.The value of Intel securitiesIntel shares are traded with a forward P/E ratio of 12, the same value of AMD and TSMC is 35 and 25. Nvidia's price-to-profit ratio is even higher – 48. Some experts believe that the concern's securities are deservedly traded at present value, since its growth is slower compared to other chip manufacturers. The issuer's profit is expected to decrease in 2022 due to the launch of new products and services. But still, the low value of the multiplier and the concern's forward yield of 2.6% will not only slow down this reduction, but also make Intel an attractive investment tool.Sale or purchase of Intel securities?The company has got grandiose plans, the implementation of which requires many years of work. So far, you should not count on a high level of profit, since the concern is engaged in increasing costs. But, according to analysts, paper has huge potential, Last year the chip and video card market recorded revenue of $85 billion, which is not the limit for this sector.Nvidia occupies the first place in the industry with a market share of 83%, AMD accounts for 17%. These two corporations are serious rivals of Intel, but the issuer has every opportunity to partially displace these giants and lure some users to its products.According to forecasts, the amount of the corporation's revenue by the end of this year will decrease to $ 73.5 billion compared to the revenue of $ 78 billion last year. Estimates show that the downward trend may continue for a year. Investors should take this forecast as an opportunity to purchase securities at a reduced cost.Since the summer, the asset has been trading in a sideways trend at a price of 52-54.50 dollars. The instrument is under the control of the bears, they are focused on making the price return to the lower area of the range. It is undesirable to trade while the shares are at this ...

Shares of Advanced Micro Devices are trading 9% higher than the values of the beginning of 2021. Previously, many investors were worried that the company's growth rate could slow down under the influence of a price war with a larger manufacturer Intel, but it is already becoming clear that this confrontation does not pose a special threat to financial results. The recent correction and the fall of the AMD price below $100 looks like a good reason to open a long-term position. The main problem with Intel's attempt to arrange dumping is that data centers, which account for a solid part of sales, are unlikely to make purchasing decisions based on a short-term price reduction. In order for this strategy to work, Intel will have to keep prices low for a long time, which will negatively affect profitability. And let's not forget that the company has yet to convince customers of its capabilities to create more efficient devices, as well as provide an adequate plan for the release of new products, which has not been done for a very long time. As long as AMD technologies continue to dominate, there is no need to worry about its future. According to Omdia, following the results of the second quarter, AMD managed to increase its share in the server equipment market to the maximum values since 2006 – 15%. The figures from Mercury Research are somewhat different: 9.5% of the market. However, an important nuance is highlighted here – AMD accounts for 11.6% of all industry revenues, which means that the manufacturer is mainly represented in the most profitable ...

The jump in inflation is here. Where to next?In general, it is potentially possible to look at American companies that have some competencies in terms of creating high-tech industries in the United States. Now one of the global trends is connected with the fact that the world is becoming a little less globalized. Part of the infrastructure plan is to move high-tech production – the same semiconductors-to the United States in order to reduce dependence on imported supplies.Therefore, in theory, companies like Intel can win. This is one of the few American companies that has the necessary competencies to implement such things. Moreover, Intel now has a potential deal with GlobalFoundries, one of the major American companies that can also produce semiconductors.At the same time, Intel has its own technical problems, and I will not buy its shares until they are resolved. But this is one of the companies that can theoretically benefit from such a story. This is one of the areas and one of the theses that will be played out for a long time. I don't think there are any ideas on the market right now that will instantly shoot out, because the infrastructure plan is designed for many years. But for those who invest for a long time, you can look at companies that can help implement its elements.Now let's talk about electric cars. In my opinion, companies that produce electric cars directly – Tesla, Lucid Motors and the like-are very expensive, so I don't buy anything in this sector. American traditional manufacturers, for example, GM or Ford, can potentially look more interesting.Here, in fact, there will be a bet on whether the company will be able to transform the business quickly enough to redistribute production from traditional cars with internal combustion engines to cars with batteries without large losses in terms of money and efficiency.In my opinion, GM looks interesting in this regard, especially considering that, in addition to developments in the field of electric vehicles, it has Cruise Automation. This company is one of the leaders in the market of self-driving potential cars. She's already testing them in San Francisco and elsewhere. Therefore, from such companies, in my opinion, GM is potentially interesting.But I do not keep shares of this company in my portfolio because, in addition to the future business, it still needs to understand very well what is happening at the current production facilities. For example, a company has a large number of obligations and other things that are related to its historical business and that can interfere with an effective transformation.But if we talk about the sector as a whole, I would rather look at GM than, for example, at Tesla, and even more so there are recent companies like SPAC, simply because they are very expensive. Although, for example, I really like the Tesla business, but not at the current price.Read more: Causes of inflation and scientific approaches to their ...