Singapore Shares Information: AEM - Gd news from Intel to make special chips for Amazon AWS units that may help to boost their revenue. Hopefully, this may benefit AEM. Price may rise up to cover the Gapped at 1.43.

AEM - Gd news from Intel to make special chips for Amazon AWS units that may help to boost their revenue. Hopefully, this may benefit AEM.

Price may rise up to cover the Gapped at 1.43.

The next Gapped to fill is at 1.55 and 1.66. Pls dyodd.

Quote:

Quote: (Reuters) -Amazon's AWS unit said on Monday it would expand a collaboration with Intel featuring co-investments on chip designs and a deal to manufacture a processor for artificial intelligence, a vote of confidence for Intel's contract manufacturing effort.

Intel's shares jumped 8% in extended trading after the chip maker's CEO Pat Gelsinger released a memo to employees announcing the Amazon unit would be a multibillion-dollar customer, paying Santa Clara, California-based Intel for design services and manufacturing.

Described as a "significant expansion" of the working relationship between Amazon and Intel, the two companies unveiled a "multi-year, multi-billion-dollar" framework which will see Intel produce chips for Amazon, starting with a custom artificial intelligence fabric Chip utilizing Intel's 18A foundry process technology.

‌

Intel will also create custom Xeon 6 chips using the Intel 3 node for as part of an existing partnership where Intel produces Xeon Scalable processors for Amazon Web Services.

Quote: 30th August 2024 - Intel rose 9.5% following a report from Bloomberg that said the chip maker was discussing various scenarios with investment bankers, including a split of its product-design and manufacturing businesses and what factory projects potentially might be scrapped.

AEM - it looks like has bounced off nicely from 1.20 level and rise higher to close at 1.27, looks rather interesting!

She will need to cover the Gapped at 1.43, 1.55 and 1.66 in order to reverse this downtrend!

Pls dyodd.

23rd August 2024 update:

I think it had hit the bottom of 1.20 and managed to bounce-off and rises up to trade at 1.29 to 1.30.

She will need to over the resistance at 1.43.

Pls dyodd.

10th August 2024 update:

1st Half net profit of 888K is below my expectations of at least a 10m PATMI. The new AI testing contract awarded is about 20m. 2nd Half revenue guidance of 160m .

10th August 2024 update:

AEM - She has gone down to touch 1.34 and bounce-off to close higher at 1.45, a technical rebound after the series of selling down!

Will she be able to cover the Gapped at 1.55 and 1.66 and stay above in order to overcome this bearish trend! We shall wait for Mr Market to tell us! I think 1st Half results should be out in Mid August 2024.

If they are back into profit again plus declaring a dividend will certainly boost the confidence!

Pls dyodd.

2nd August 2024 update:

AEM - She has fallen down this morning may be due to Intel worst than expected results for fourth quarter, halt dividend paying out and cutting staff!

Looks like opportunity is back! Pls dyodd!

23rd July 2024:

AEM - Chart wise, bearish mode! She is heading down to test 1.60 than 1.50 and below!

If 1.50 cannot hold, we may see her drifting lower towards 1.30.

Pls dyodd.

18th May 2024 :

AEM - Proposed Bonus Share issue! 1:100. For every 100 existing share , shareholders can het 1 share. Meaning, shareholders need to hold 10000 share ro get 100 share! Share price likely go below 1.80!