China Technology – The last shoe The worsening Covid situation in China continues to hurt sentiment towards Chinese technology but this looks to me like the other shoe dropping and a signalling of the bottom. Chinese technology has been hammered by regulation, geopolitics and the economic fallout from Covid zero and given how lowly it is valued, I suspect that...
Radio Free Mobile will return on the 4th of January 2023. RFM would like to wish all of its readers a happy Xmas and a happy new year!
Micron pays the piper. Micron is cutting its expectations and spending for 2023 in order to deal with weak demand, but the impact of supply has yet to be felt meaning that this cycle could be as nasty on the way down as it was great on the way up. Micron reported FQ1 revenue / EPS of $4.1bn / LOSS$0.04...
CES 2023 should be back to its usual mayhem. CES 2023 is shaping up to be a car show once again as this remains the category where there is the most change with both the migration to software and the shift from petrol to electric. However, the crash in technology valuations and sentiment is likely to cast a shadow over...
Meta Platforms – double down Meta is doubling down on its commitment to the Metaverse by, voicing its intention to allocate 20% of its expenses to the Metaverse in a move that is almost certain to hit earnings hard in 2023. Meta’s CTO Andrew (Boz) Bosworth reiterated Meta’s commitment to the Metaverse in a blog post (see here) where he...
Sophistry is ChatGPT’s greatest skill. ChatGPT’s great skill is in its ability to make nonsense and falsehoods sound convincing which is really the only threat that it represents and does not represent a breakthrough moment for AI. ChatGPT is an extension of the GPT-3 language model that has been sanitised and made available for public consumption which has again ignited...
The enterprise is where the immediate action will be. With both device sales and gaming revenues likely to decline this year, the consumer Metaverse theme remains uninvestible, leaving only the enterprise as a viable proposition for the next few years. RFM research (see here and here) has identified that the Metaverse is a potential replacement for the smartphone as a...
The first non-US company falls in. The USA’s mission to isolate China technologically has taken a further turn with Arm deciding that some of its chips wont get licences which will add weight on Japan and The Netherlands with regards to adding restrictions of their own. Arm has determined that the latest version of Neoverse will violate the new regulations...
Tesla’s actions speak louder than Musk’s words. Tesla is admitting that it has failed to solve the machine vision problem by returning radar to its vehicles, in a move that I suspect will be followed by lidar supporting my long-held view that in autonomous driving, Tesla is second rate at best. Tesla started removing radar from its vehicles in May...
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.
CES 2023 Day 0 – Cars, cars & more cars
EV, not Auto – Soggy reality. Making electric cars is not nearly as exciting as vehicles that drive themselves, but the fact that they are here now as opposed to “sometime in the next 10 years” means that they will be headlining the show this year. This continues the theme of reality over narrative that has been forced upon the...