JHVEPhoto/iStock Editorial via Getty Images Introduction With Intel Corporation ( INTC ) just releasing its Q1 earnings that have made the stock jump to more than $80, resulting in an over 20% stock jump after hours, which is crazy when I remember the stock not too long ago hovering at $20 a share. With that in mind, I’ll dive into the specifics and see if the firm requires a re-rating. The Q1 ear...
JHVEPhoto/iStock Editorial via Getty Images Introduction With Intel Corporation ( INTC ) just releasing its Q1 earnings that have made the stock jump to more than $80, resulting in an over 20% stock jump after hours, which is crazy when I remember the stock not too long ago hovering at $20 a share. With that in mind, I’ll dive into the specifics and see if the firm requires a re-rating. The Q1 earnings First, the numbers. Intel released a massive non-GAAP EPS of 29 cents , which is a staggering beat of 28 cents. Meanwhile, revenue came out to $13.58B, a beat of $1.15B and a Y/Y increase of 6.9%. This overall beat was largely linked to the structural undersupply of server CPUs and the successful volume ramp of the 18A manufacturing node. This is in a way a decisive empirical validation of the firm’s turnaround as highlighted by the gross margin expansion as it reached 41%, thanks to a combination of favorable product mix and improved factory yields. The margin recovery has been anchored in the Data Center and AI segment, where operating margins expanded dramatically from 13.9% last year to now 30.5%, this being a direct result of the industry’s pivot away from AI inference. As the workloads are shifting from training the models, which is GPU-intensive, toward deploying these models in real-world agentic applications , the role of the CPU becomes more and more important. That’s why the demand for Xeon processors, mainly the Granite Rapids series, has been outstripping supply, granting Intel strong pricing power. This is a drastic shift from the narrative that CPUs were being marginalized by GPUs, though the Q1 metric reflects a high reversal of this trend. The second effect of this demand surge would be the strategic reallocation of foundry capacity, as Intel has prioritized its advanced nodes for server CPUs at the expense of lower-margin client products. This internal capacity shift has created temporary shortages in the entry-level PC market, but it has also optimi...
SLB ( SLB ) declares $0.295/share quarterly dividend , in line with previous. Forward yield 2.15% Payable July 9; for shareholders of record June 3; ex-div June 3. See SLB Dividend Scorecard, Yield Chart, & Dividend Growth. More on SLB SLB: Cheap Valuation On Long-Term Fundamentals SLB: An Interesting Proposition SLB Q1 earnings preview: Earnings seen falling despite steady revenue growth SLB, Sub...
SLB ( SLB ) declares $0.295/share quarterly dividend , in line with previous. Forward yield 2.15% Payable July 9; for shareholders of record June 3; ex-div June 3. See SLB Dividend Scorecard, Yield Chart, & Dividend Growth. More on SLB SLB: Cheap Valuation On Long-Term Fundamentals SLB: An Interesting Proposition SLB Q1 earnings preview: Earnings seen falling despite steady revenue growth SLB, Subsea7 to partner with Petronas on Suriname oil and gas projects Seeking Alpha’s Quant Rating on SLB
SoundHound (NASDAQ: SOUN) may have just unlocked a much bigger path to scale, but is the market convinced? This is what makes this story so interesting right now, because if execution improves, the upside case could look a lot stronger from here.
SoundHound (NASDAQ: SOUN) may have just unlocked a much bigger path to scale, but is the market convinced? This is what makes this story so interesting right now, because if execution improves, the upside case could look a lot stronger from here.
yujie chen/iStock Editorial via Getty Images Over the last few quarters, I have gone back and forth on Intel ( INTC ) more than I expected. Late last year, I was bullish on the stock, and I was exposed to Intel through my position in the SOXL . Seeking Alpha That changed drastically after I rotated out of tech in January this year. In fact, in my last update (March 30), I still didn't own the stoc...
yujie chen/iStock Editorial via Getty Images Over the last few quarters, I have gone back and forth on Intel ( INTC ) more than I expected. Late last year, I was bullish on the stock, and I was exposed to Intel through my position in the SOXL . Seeking Alpha That changed drastically after I rotated out of tech in January this year. In fact, in my last update (March 30), I still didn't own the stock, as I have never viewed Intel as a clean turnaround story. I was lucky enough to start a small position earlier in April, as I quickly noticed that the market was willing to look past the Middle East war noise. That position is now up 40%, and accounts for about 2% of my NAV. Needless to say, I am trimming my position after the epic jump post Q1 2026 earnings. In this piece, I discuss my view on the turnaround in the fundamental story of the company after the blowout Q1 earnings. That said, I do not want to let a better fundamental story push me into ignoring a stretched stock. After a 20% post earnings move, a 300% rally since last August, and a valuation that already discounts a lot of improvement, I think the near-term risk-reward has become less attractive. I reiterate my hold rating, and I may reassess if the stock pulls back to the mid-$60s. A Shift In Perspective After The Q1 2026 Earnings Print Let's first clarify why Intel is up 19.9% (call it 20%) in the after-hours session. On Q1 results, the company obliterated the Street's expectations. Revenue was $13.58B, versus about $12.42B expected . On the bottom line, adjusted EPS came in at $0.29 versus roughly $0.01-$0.02 expected. The spotlight was on the Data Center and AI segment. The Street was looking for $4.41B, and actuals came in at $5.1B, despite the fact that Q1 revenue would have been meaningfully higher if supply had met demand. As I said in my last piece, I haven't seen Intel being constrained by supply in many years. The problem that I was seeing was demand, given the high competition with AMD's EPYC CP...
yujie chen/iStock Editorial via Getty Images Over the last few quarters, I have gone back and forth on Intel ( INTC ) more than I expected. Late last year, I was bullish on the stock, and I was exposed to Intel through my position in the SOXL . Seeking Alpha That changed drastically after I rotated out of tech in January this year. In fact, in my last update (March 30), I still didn't own the stoc...
yujie chen/iStock Editorial via Getty Images Over the last few quarters, I have gone back and forth on Intel ( INTC ) more than I expected. Late last year, I was bullish on the stock, and I was exposed to Intel through my position in the SOXL . Seeking Alpha That changed drastically after I rotated out of tech in January this year. In fact, in my last update (March 30), I still didn't own the stock, as I have never viewed Intel as a clean turnaround story. I was lucky enough to start a small position earlier in April, as I quickly noticed that the market was willing to look past the Middle East war noise. That position is now up 40%, and accounts for about 2% of my NAV. Needless to say, I am trimming my position after the epic jump post Q1 2026 earnings. In this piece, I discuss my view on the turnaround in the fundamental story of the company after the blowout Q1 earnings. That said, I do not want to let a better fundamental story push me into ignoring a stretched stock. After a 20% post earnings move, a 300% rally since last August, and a valuation that already discounts a lot of improvement, I think the near-term risk-reward has become less attractive. I reiterate my hold rating, and I may reassess if the stock pulls back to the mid-$60s. A Shift In Perspective After The Q1 2026 Earnings Print Let's first clarify why Intel is up 19.9% (call it 20%) in the after-hours session. On Q1 results, the company obliterated the Street's expectations. Revenue was $13.58B, versus about $12.42B expected . On the bottom line, adjusted EPS came in at $0.29 versus roughly $0.01-$0.02 expected. The spotlight was on the Data Center and AI segment. The Street was looking for $4.41B, and actuals came in at $5.1B, despite the fact that Q1 revenue would have been meaningfully higher if supply had met demand. As I said in my last piece, I haven't seen Intel being constrained by supply in many years. The problem that I was seeing was demand, given the high competition with AMD's EPYC CP...
Rexford Industrial Realty ( REXR ) declares $0.435/share quarterly dividend , in line with previous. Forward yield 4.89% Payable July 15; for shareholders of record June 15; ex-div June 15. See REXR Dividend Scorecard, Yield Chart, & Dividend Growth. More on Rexford Industrial Realty Rexford Industrial Realty: A Stable REIT With Attractive Preferred Shares Rexford Industrial: A Quality Business Fa...
Rexford Industrial Realty ( REXR ) declares $0.435/share quarterly dividend , in line with previous. Forward yield 4.89% Payable July 15; for shareholders of record June 15; ex-div June 15. See REXR Dividend Scorecard, Yield Chart, & Dividend Growth. More on Rexford Industrial Realty Rexford Industrial Realty: A Stable REIT With Attractive Preferred Shares Rexford Industrial: A Quality Business Facing A Difficult Year Rexford: Finding A Good Valuation For Very Little Or No Growth Rexford Industrial Realty FFO of $0.61 beats by $0.02, revenue of $245.08M beats by $1.85M Top oversold mid-cap REITs by market cap on Wall Street
Instacart co-founder Apoorva Mehta launched a hedge fund that relies on an army of artificial intelligence agents, one of the few using that technology to essentially replace fundamental portfolio managers. Thousands of bots scour the internet for trade ideas, conduct in-depth research, pick stocks to wager on and against, size bets and even execute trades. The 39-year-old entrepreneur started the...
Instacart co-founder Apoorva Mehta launched a hedge fund that relies on an army of artificial intelligence agents, one of the few using that technology to essentially replace fundamental portfolio managers. Thousands of bots scour the internet for trade ideas, conduct in-depth research, pick stocks to wager on and against, size bets and even execute trades. The 39-year-old entrepreneur started the firm, Abundance, last year with a small crew of quantitative researchers, engineers and AI experts who build and sustain AI models. While many hedge funds incorporate AI to support human traders, Palo Alto, California-based Abundance ultimately aims to have artificial intelligence run the entire fund. The firm already already has stock-picking strategies run solely by AI, but some strategies in the works will have a degree of human involvement for now, Mehta said in an interview. Still, human investors are more limited than AI, he said. People “can only track so many opportunities at once, process them only so deeply, make only so many high-quality decisions,” Mehta said. “Even for the exceptional investor, the process is locked inside their mind. AI changes that entirely.” Hedge funds have relied on automatization to some degree for decades, with quant firms like D.E. Shaw & Co. seeking to eliminate human whims from the trading process. But generative AI is dramatically shifting the work flow of a slew of industries, especially finance, and sparking commentary about whether the technology can improve on human judgment. Read More: Meet Eve, the AI Brain Behind an Ex-Coatue Trader’s New Fund Late last year, Citadel founder Ken Griffin argued that generative AI isn’t helping hedge funds beat the market and isn’t meaningfully affecting the industry yet. While Mehta said that Abundance’s returns have outperformed multiple indexes, he declined to specify which benchmarks his firm surpassed. Abundance’s 10-person team mostly trades its own capital right now but plans to take out...
(Bloomberg) -- Instacart co-founder Apoorva Mehta launched a hedge fund that relies on an army of artificial intelligence agents, one of the few using that technology to essentially replace fundamental portfolio managers.Most Read from BloombergUS Reduces Marijuana Restrictions in Lift to Ailing IndustryMeta Tells Staff It Will Cut 10% of Jobs in Push for EfficiencyAnthropic’s Mythos Model Is Bein...
(Bloomberg) -- Instacart co-founder Apoorva Mehta launched a hedge fund that relies on an army of artificial intelligence agents, one of the few using that technology to essentially replace fundamental portfolio managers.Most Read from BloombergUS Reduces Marijuana Restrictions in Lift to Ailing IndustryMeta Tells Staff It Will Cut 10% of Jobs in Push for EfficiencyAnthropic’s Mythos Model Is Being Accessed by Unauthorized UsersTrump’s Messaging Blitz Divides Advisers as Iran Talks WaverInside A
The S&P 500 (^GSPC) is pointing higher into Friday’s open, with futures fractionally higher as traders digest a bevy of data. Intel reported a blockbuster print, sending its stock to dot-com-era levels, while Mideast tensions appear to be easing once again on hopes of resumed talks between the U.S. and Iran. After a whipsaw week, ... S&P 500 Climbs as Intel Posts Best Quarter in Years and Oil Retr...
The S&P 500 (^GSPC) is pointing higher into Friday’s open, with futures fractionally higher as traders digest a bevy of data. Intel reported a blockbuster print, sending its stock to dot-com-era levels, while Mideast tensions appear to be easing once again on hopes of resumed talks between the U.S. and Iran. After a whipsaw week, ... S&P 500 Climbs as Intel Posts Best Quarter in Years and Oil Retreats