Game still on. Another great set of results confirms that the AI boom is still on and that any weakness from Chinese restrictions can easily be resold to other customers. FQ1 26 revenues / adj-EPS were $44.1bn / $0.81 comfortably ahead of estimates of $43.3bn / $0.74 which did not come as much of a surprise. This is because Nvidia...
Apple is itching to restart the fight but there is a limited window. While it is clear that Qualcomm’s modems are still far better than Apple’s, Apple finally has a credible path to remove Qualcomm and reignite its legal warfare over royalties, but it must conclude its campaign before the next wireless standard or suffer a repeat of what happened...
There will be fewer Chinese car makers. Recent price cuts from BYD are accelerating a price war against a backdrop of weak domestic demand, meaning that the inevitable consolidation of Chinese car companies is coming sooner rather than later. RFM Research estimates that there are at least 100 car makers in China, which have around 200 vehicle brands compared to...
Rumour is much worse than reality. Aside from Nvidia opening up the data centre CPU market, MediaTek was expected to enter the PC CPU market, but with nothing more than a vague hint from Rick Tsai, tongues were set wagging, mostly wrongly in my view. The PC market is ripe for disruption as the x86 instruction set increasingly looks obsolete,...
The most expensive consultant in history. OpenAI will acquire Jony Ive’s hardware start-up at an eye-watering valuation, but it has filed to acquire the man himself full-time, making him the most expensive consultant of all time. OpenAI is paying $6.4bn for a company with no product, no revenues and will not even secure the full-time services of Jony Ive, which...
Google moves to defend its turf. Although Google is yet to see any impact from OpenAI, Perplexity etc on its Search business, it is moving to future-proof its legacy business, which, compared to Nokia in 2007, has a much better chance of success. As expected, Google I/O is all about Gemini, which beat AI as the most used word during...
Computex Day 2 – Wider and deeper. While Nvidia dominated day 1 with data centre, it was left to the rest of the industry to make the announcements that everyone has come to Computex to see, namely computing and gaming. Here, Windows on Arm continues to dominate the agenda with x86 largely missing in action, although to be fair, neither...
Nvidia is not standing still. Nvidia Founder Jensen Huang opened Computex 2025 with a confident session that launched new products aimed at the enterprise, but also admitted that in the AI factories, not everything is going to come from Nvidia opening the door for other silicon offerings. I see this as a wise move as the AI data centre market...
Economic gloom shatters AI dreams. Alibaba reported a mediocre set of results, underlining that the task at hand for the Chinese state is to breathe life back into the consumer economy in which it had a large part in destroying. The health of the Chinese economy is a crucial factor when considering the struggle with the USA, as it is...
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.
Artificial Intelligence – DeepSeek Who?
The industry has a very short memory. The fact that no one has noticed that DeepSeek has updated its model is a clear sign that the only thing that was special about DeepSeek was its efficiency, which has now been copied and commoditised in just a few months. DeepSeek has updated its R1 model (which is a bit of a...