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5Intel
$INTC (+1.8%) recently updated its equity portfolio held at the end of the 3rd quarter.
In the 3rd quarter there were some changes in the portfolio of Intel:
-sale of 3.3 million shares in Astera Labs
$ALAB
-Sale of of 5.1 million shares in Joby Aviation $JOBY
-Sale of of 547,600 shares in Senti Biosciences $SNTI
Today is the day.
The elections for the new US president are taking place. The market remains in a tense waiting position.
The seasonally strong November could turn out to be significantly weaker than expected due to the elections and their consequences - all depending on the outcome of the elections and the reaction of investors.
Meanwhile, shares in AI newcomer Astera Labs, which has now won the major hyperscalers as customers, are exploding.
$ALAB Astera Labs reported earnings
Q3 2024 results ended September 30, 2024
- Revenue: $113.1M, +206% YoY, +47% QoQ
- GAAP Net Loss: $7.6M
- GAAP EPS: -$0.05
- Non-GAAP Net Income: $40.3M
- Non-GAAP EPS: $0.23
CEO Jitendra Mohan: "Astera Labs delivered strong Q3 results, setting our fifth consecutive quarterly revenue record and grew 47% versus the previous quarter. Our business has now entered a new growth phase with multiple product families ramping across AI platforms based upon both third-party GPUs and internally developed AI accelerators."
Financial Metrics:
- GAAP Gross Margin: 77.7%
- Non-GAAP Gross Margin: 77.8%
- GAAP Operating Loss: $8.9M
- Non-GAAP Operating Income: $36.6M
- Non-GAAP Operating Margin: 32.4%
Business highlights:
- Introduced new Scorpio Smart Fabric Switches for AI infrastructure
- Joined Ultra Accelerator Link (UALink) Consortium as promoting member
- Demonstrated first live end-to-end PCIe Gen 6 system
- Won FMS 2024 Most Innovative Technology Award
- Shipping Scorpio in pre-production quantities
Q4 2024 Outlook:
- Revenue: $126M-$130M
- GAAP Gross Margin: ~75%
- Non-GAAP Gross Margin: ~75%
- GAAP EPS: $0.04-$0.06
- Non-GAAP EPS: $0.25-$0.26
Earnings next week
$$BRK.A (+0.54%) (Saturday)
Finally after 5 months (only) we are no longer making a loss with $ALAB 😅
Still waiting for the other chip stocks in the portfolio that have yet to provide satisfaction
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