1. Costco's high food consumables revenue mix and diversified supply chains limit its exposure to tariffs; 2. Its warehouse club model and scale enable cost negotiations with suppliers, mitigating tariff impacts; 3. Short-term profitability may dip due to absorbed tariff costs, but market share gains vs. competitors are expected, while valuations remain justified despite premiums.
Recent #Market Share news in the semiconductor industry
➀ Intel reported Q1 revenue of $12.7 billion, flat y-o-y with a gross margin of 36.9% down 4.1 points y-o-y.
➁ The company expects Q2 revenue between $11.2-12.4 billion.
➂ CEO Lip-Bu Tan emphasized the need for better execution and operational efficiency to regain market share and drive sustainable growth.
➀ Dell Technologies and Super Micro tied for the top spot in Q4 2024 server vendor rankings;
➁ HPE and IEIT Systems also tied for the third position;
➂ The overall server market revenue for Q4 2024 was $77.3 billion, a significant growth from the same period last year.
➀ Q1 2025 smartphone shipments increased by 1.5% year-on-year to 304.9 million units, according to IDC.
➁ Chinese vendors, supported by government subsidies, saw significant growth in the domestic market.
➂ Samsung led the market, followed by Apple, Xiaomi, OPPO, and vivo, with notable growth for vivo and OPPO.
➀ After two years of decline, AR/VR headset shipments grew by 10% in 2024, according to IDC.
➁ Meta leads the market with a 74.6% share, followed by Apple, Sony, ByteDance, and XREAL.
➂ Meta and XREAL are the only two among the top five companies that recorded year-over-year growth.
➀ Cyberpunk 2077 has sold over 30 million copies, with 63% of sales coming from the PC platform; ➁ The Witcher 3 saw a more even distribution of sales across systems, with PC at 40.3%; ➂ The popularity of Cyberpunk 2077 on PC is attributed to its advanced technology and graphics, as well as a poor console launch.
1. Walmart's valuation multiples surged due to market share gains and digital business excitement, which are now coming back to earth. 2. Despite strong Q4 results, Walmart's disappointing FY26 guidance, including lower sales and EPS growth, caused an 18% selloff. 3. The margin expansion story is on hold, influenced by acquisitions and FX headwinds, leading to a conservative growth outlook.
➀ The server market grew 91% year-over-year in Q4 2024, with revenue reaching a record $77.3 billion. Revenue from x86 servers increased 59.9% to $54.8 billion, and non-x86 servers increased 262.1% to $22.5 billion. Servers with embedded GPUs saw a 192.6% year-over-year growth.
➁ Nvidia dominated the server GPU market with over 90% of shipments with embedded GPUs in 2024Q4. The adoption of servers with embedded GPUs by hyperscalers and cloud service providers has been a significant driver of market growth.
➂ The U.S. was the second fastest-growing region in the server market, with China also experiencing significant growth. Dell Technologies and Supermicro tied for the number one position in the market, followed by Hewlett Packard Enterprise, IEIT Systems, and Lenovo.
➀ This article provides an overview of the top ten semiconductor companies in 2024, based on Gartner's data.
➁ The list includes the ranking, revenue, market share, and growth percentage compared to 2023.
➂ Notable companies like Samsung Electronics, Intel, NVIDIA, and Apple are highlighted.
1. Intel's investment thesis is based on the strategic importance of semiconductor production for future economies and warfare, driving U.S. efforts to boost domestic production; 2. Intel's struggles are due to past leadership decisions, with AMD and Nvidia eroding its market share and high fab costs necessitating external assistance; 3. A potential joint venture with AMD, Nvidia, Qualcomm, Broadcom, and TSMC could revitalize Intel, offering vertical integration benefits and increased market share.
➀ Advanced foundry process nodes saw a 10% q-o-q growth in Q4, driven by demand from AI servers, smartphone processors, and PCs, leading to $38.48 billion in revenues for the top ten foundries.
➁ TSMC led with $26.85 billion in revenue and a 67% market share, followed by Samsung Foundry with a 1.4% QoQ decline to $3.26 billion and 8.1% market share.
➂ SMIC's revenue increased 1.7% QoQ to $2.2 billion, securing 5.5% market share and third place.
➀ AMD's desktop GPU shipments increased to 1.43 million units in Q4 2024, its strongest result for the year.
➁ The overall GPU market saw a slight increase in shipments in Q4 2024, but a decline compared to the same quarter in 2023.
➂ Despite a modest Q4, the year 2024 was good for the discrete desktop GPU market, with Nvidia shipping 30.2 million units and AMD shipping 4.42 million units.
➀ In 2024, EV and fuel cell vehicle sales grew by 25% to reach 16.9 million units, with China's market share expanding to 67%;
➁ Tesla maintained its top position in BEV sales, followed by BYD and SAIC-GM-Wuling, which saw significant growth;
➂ BYD dominated the PHEV segment with a 38% market share, and the industry is expected to see consolidation and potential mergers in 2025.
➀ Qualcomm is facing multiple competitive pressures from MediaTek's rising share and NVIDIA's entry in the smartphone chip market.
➁ In the server CPU market, Arm's cross-industry competition is squeezing Qualcomm's market share.
➂ In the automotive cabin chip field, MediaTek and Intel's strong performance pose a threat to Qualcomm.
➃ TSMC's advanced manufacturing process technology supports chip design companies and challenges Qualcomm.
➄ Qualcomm's CFO expects the overall market to remain flat or grow in single digits by 2025.
➅ Qualcomm's CEO emphasizes the commitment to reaching a non-smartphone business revenue target of $22 billion by fiscal year 2029.
1. Amazon's cloud computing opportunity is significant, with AWS potentially regaining market share from Microsoft Azure and Google Cloud; 2. The market values AMZN highly due to its dominance in the cloud and the potential for further business diversification in areas like advertising; 3. AWS remains the top cloud player due to its strong foundation and ability to 'delight' customers.
➀ Intel's data center CPU sales reached a 13-year low in 2024 due to increased competition from AMD, the transition to higher-core count models, and a market shift to AI servers.
➁ Unit sales of Intel's data center CPUs dropped by 20% from 2011 levels and over 80% from 2021.
➂ Intel's data center average selling prices increased, but it is unclear if the company can regain market share in the AI accelerator market.
➀ AMD in Q4 2024 posted impressive financial results, with its client and datacenter CPUs driving the growth.
➁ The company's datacenter business achieved a 69% YoY increase in net revenue, marking a milestone as it outsold Intel in the datacenter space for the first time.
➂ However, AMD's gaming business struggled with a significant decline in revenue and operating income, mainly due to lower sales of Radeon discrete GPUs and system-on-chips for game consoles.
1. PayPal's growth has slowed, but strong free cash flow and improving EBITDA margins support a BUY rating; 2. Consensus estimates see PayPal as a mature company with steady growth and good margins; 3. Valuation appears low at 0.8x PEG ratio, with a target of 1x PEG leading to a YE25 price target of $121.
➀ IDC reports a 2.4% year-over-year increase in Q4 smartphone shipments, marking the sixth consecutive quarter of growth and a full-year growth of 6.4%. ➁ The market is expected to continue growing in 2025, but uncertainty remains due to potential new tariffs. ➂ Xiaomi, Apple, and Samsung maintained their top positions, but all experienced year-over-year declines.
➀ TrendForce estimates that 2024 shipments of VR and MR headsets will increase by 8.8% y-o-y to 9.6 million units; ➁ Three trends are identified: the dominance of low-cost devices, the shift from entertainment accessories to productivity tools, and OLEDoS becoming the preferred display technology for high-end near-eye devices; ➂ Meta leads the VR and MR device shipments with a 73% market share in 2024, driven by the affordable Quest 3S, while the high-end Quest Pro 2 is suspended.
Page 1 of 4 pagesNext