Quote: Intel was up 3.3%. Apollo Global Management offered to make an investment of as much as $5 billion in the chip maker, according to a report from Bloomberg. The news follows a report from The Wall Street Journal that said Qualcomm had approached the struggling rival chip company in recent days about a takeover. Qualcomm shares were down 1.8%.
Chart wise, AEM Needs to cover the Gapped at 1.43.
Pls dyodd.
21st September 2024:
Quote:
Chip giant Qualcomm made a takeover approach to rival Intel in recent days, according to people familiar with the matter, in what would be one of the largest and most consequential deals in recent years.
A deal for Intel, which has a market value of roughly $90 billion, would come as the chip maker has been suffering through one of the most significant crises in its five-decade history.
A deal is far from certain, the people cautioned. Even if Intel is receptive, a deal of that size is all but certain to attract antitrust scrutiny, though it is also possible it could be seen as an opportunity to strengthen the U.S.'s competitive edge in chips. To get the deal done, Qualcomm could intend to sell assets or parts of Intel to other buyers.(dow jones).
17th September 2024:
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!
Do take note the book closure date is on 28th May 5pm.
Chart wise, bearish mode!
Likely to go down to test 1.80. Breaking down of 1.80, she may go further down to 1.70-1.68. Next, 1.40 level.
TERP is about 1.82.
Pls dyodd.
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