Intel, AMD, and Nvidia may face a difficult earnings season
2022 is a year full of challenges for the semiconductor industry. Due to the slowdown in global demand for personal and business computer products, the revenue of related companies has declined significantly. Among them, the single-quarter revenues of Intel, AMD, and Nvidia have all experienced sharp declines beyond expectations.
Intel may be dragged down by personal computer products and enterprise cloud computing products. Recently, many technology giants have more or less reduced their cloud business investment, which is quite unfavorable to it. Similar problems also plague AMD, and it will take time to digest graphics card inventory, which will eventually affect earnings. However, investment institutions are more optimistic about AMD’s prospects in the second half of the year, believing that it will start to rebound at the end of the second quarter of this year and that the use of EPYC processors to grab market share from competitors is the key.
Nvidia is doing relatively well amid the current inventory issues and consumers spending less. Although the game department is still under greater pressure, it has exceeded analysts’ expectations. With partners gradually clearing inventory and GeForce RTX 40-series graphics cards rolling out, Nvidia’s momentum in 2023 may be stronger than many people think.