E2240 - Intel - October 5, 2022
Intel value trap, Musk buying Twitter (again), Tesla stock down - is it cheap?
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This week we checked in on Intel and Mike and Jason still think it is a value trap. We also took another look at Tesla and ran through the numbers for a 2.5 million cars / year run rate. Check out Episode 2223 for our full Tesla breakdown given 2 million cars. Next week we will discuss Micron.
Other related news:
OPEC announces the biggest cut to oil production since the start of the pandemic - more at CNN
Mobiliye filed its S-1 last Friday. Intel bought Mobileye in 2017 for ~15bn. Rumor was they planned to list it for 50bn but are now hoping for 30bn. I think they will struggle to get the 30 and 15 should be considered a win given market conditions. More from Reuters, FT.
Meta is pushing the boundaries of artificial intelligence with text-to-video generation. We discussed this in episode 2237. Check out this article from The Verge for more - Meta’s new text-to-video AI generator is like DALL-E for video.
All spare LNG capacity is being bought by Europe right now. Major consequences for South East Asian countries also relying on LNG imports https://t.co/hJRAihy5ApPakistan was unable to secure long-term LNG supply, threatening to prolong its fuel shortage 🇵🇰⚠️ 🙅 No supplier participated in Pakistan’s tender to buy LNG for 4-6 years from 2023. Deadline was today 🚢 This highlights how there is little spare LNG supply until at least 2026 https://t.co/zIJK8aqIY6
Stephen Stapczynski @SStapczynski
Supplemental Data
1 SuperCompounders
2 Macro
3 Energy
3.1 Oil & Gas
3.2 Metals Powered
4 Tech
Cloud Multiples - Check out the most recent edition of Clouded Judgement for the latest SaaS multiples.
Semiconductors
Semiconductor Industry Association Global Billings Report
Bureau of Economic Analysis Semiconductor Import / Export
Cryptocurrency
INTC 0.00%↑ TSLA 0.00%↑ RIVN 0.00%↑ AMD 0.00%↑ NVDA 0.00%↑
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