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The Financial Results Thread

It is a myth that there are magic gains for closed hardware like a PS5. First myth is that and all consoles now undergo changes like Pro versions so the hardware changes. Second how come games run so Awful then why can they not do well at Ark or PUBG?

Also Nvidia sadly can shrink the 2080 Ti Super too and at 7nm with 11gb of 15.5GB boosted memory and 2000mhz boost core speeds like the Super. They would still be ahead of AMD here as well. The market is so poor that they could release the Super and 7nm shrink and probably get away with it and make money twice of the same gpu. :(

Magic is a myth, yes. What's not a myth is that having a specific target leads to various optimisations which can yield tremendous results. Usually this is more for first-party titles than in general, but it's a fact. You can go through any GDC talk where they discuss how they implement various things and you'll see that's how it is. When you can just throw more hardware at the problem, then that's what's gonna happen (for PC), but when you have a specific constraint, then you will make it work (somehow). See eg this Spiderman talk.


Second, as for Pro versions, there's no confirmation that will happen again. Maybe it will, maybe it won't, but regardless they WILL have targets set up by Sony & MS, just like this gen, even for the base consoles. Though I don't see what that has to do with anything.

Third, huh? Ark is a mess even on PC. Likewise for PUBG (until very recently). Let's not forget these are games that have been cobbled together by small teams. In fact, PUBG wasn't even meant to be on consoles initially, it's just that they became so unbelievably successful that they could also port there. Exceptions are just that, exceptions.

Lastly, this is not an Nvidia vs AMD thing. This is a "Nvidia as a business" thing, where regardless of what AMD do on the desktop side, they have to contend with an ever more attractive value proposition on the console side, and this will impact their bottom line directly (unless they can adequately persuade you to keep paying them). The pool of people who want above 4K is very small, and those who even bother with Ultra vs "just High" is just as small too, even though I am one of these enthusiasts. When you reach such a high level of fidelity on a £499 plug-n-play machine, it will be VERY difficult for Nvidia to sell you JUST the GPU for that much. Yes, there'll be differences between having the "full-fat" RT experience on PC & some diluted RT effect on consoles, but veeery few people will be so eager to pay more than double for those sort of differences. Just the convenience alone (of not setting up your own system) is a huge value proposition for mass market. People on forums such as this one are the 1%.

Edit: Look at this comparison. That's the situation NOW. The gap will only grow smaller next-gen. You can no doubt see a difference but it's hard to complain about how it looks.
 
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Pathetic results for Nvidia. It seems they're stuck trying to milk a cow whose udders are mostly empty. It's gonna be glorious next year when they'll either come back down to earth and price their GPUs properly or they'll run around like headless chickens in full panic mode due to consoles. There's only so much visual differentiation you can push when for £499 you're gonna get a full fledged gaming system doing 4K 60 at high settings with even a sprinkle of RT thrown on top. #RIPNVDA

And yet investors are happy.

The results are quite a bit above analyst expectations for the quarter - so they rewarded nvidia with a 8% share price increase this morning
 
And yet investors are happy.

The results are quite a bit above analyst expectations for the quarter - so they rewarded nvidia with a 8% share price increase this morning

Are they though? It seems to me that if they were so happy the stock price wouldn't be $159 vs last year's $244 (on this same day). Even Bitcoin seems to be given more confidence. But again, this has nothing to do with anything. I'm talking about long-term prospects, not Q2Q results. Even GE's stock bounced back after their investors got informed the insurance division is gonna blow up their business. These sort of movements are mostly noise.
 
And yet investors are happy.

The results are quite a bit above analyst expectations for the quarter - so they rewarded nvidia with a 8% share price increase this morning
Investors buy or sell NV shares if they think they'll make a profit, if the company is in a good position or bad one, it's nothing to do with rewarding Nvidia. They're looking at rewarding themselves. Investors are also happy as they're seeing better times ahead. The current figures don;t always matter. That's why AMD shares on the P/E ratio for example are massively more expensive than NV's shares are because investors are seeing the future potential :).

I'm neutral to both companies but if you think investors are rewarding NV when they shouldn;t, well, on the P/E ratio they're much cheaper than AMD shares are. AMD are 157, NV are 31!! THis means that the AMD shareprice is 156x earnings, NV is only 31. So currently investors are rewarding AMD massively more than they are NV, if you put it that way. Intel is the interesting one as they're only a little over 10x earnings at the moment. Sure, they're a bit in the doldrums at the moment but worth watching as they will likely bounce back and have the GPU potential coming in the next few years. Intel also pay a 2.6% dividend where as AMD pay nothing at all and NV only 0.43%
 
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Nvidia shares up nearly 8% today again after a successful outing at gamescom and showing off a suite of RTX videogames including Minecraft
 
AMD is a good stock right now because they are the disruptor with huge amounts of market share to grow into. Long term hold for me.

nVidia and Intel don't have a lot of growth potential, because they're so dominant in their markets, in fact the resurgance of AMD is going to eat away at their market share.

I made a bit buying and selling dips in nVidia, but they're not a long term hold. Probably a decent 5 year investment still, but AMD has much more potential over that time frame.
 
Closing in on that time again - earnings! Intel earnings/update has impressed the market rewarding the shareprice with a near 7% rise currently. It'll be interesting to see how AMD fair this past quarter. Intel PC demand down but data centre demand has increased.
 
Not exactly a blow-out quarter but not bad either.

Radeon and Ryzen sales are up a lot and make up the vast chunk of revenue, i suspect that's mostly Ryzen CPU's. They are selling in huge numbers.

This is offset somewhat by a large decline in SOC, current consoles are coming to the end of their life cycle and sales have dropped off significantly.

AMD also continue to pay off debts. They earned about $240m this quarter, about $160M went to paying off debts.

From $1.03BN to $0.87BN Q2 vs Q3, and $1.3BN to $0.87BN Q3 2018 vs Q3 2019 with $1.2BN of capital.

Its been a good quarter for AMD.

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Did you read everything that i said or did you just pick out the first sentence?

I read all your post. And my reply still stands. It's been their best quarter since 2005 by far. That isn't just a good quarter or a not bad quarter, it's the best quarter in 14 years.
 
Yup a good steady improvement for AMD and yes it is their best quarter since 2005, but I certainly wouldn't call it a blowout quarter, just a steady improvement over what they have had before.
 
Many people own these shares ? INTC to see $70 this guy reckons, I used to own them in the teens dam it. Will tech ever pull back especially as a sector I wonder

https://seekingalpha.com/article/4302377-intel-breaks?dr=1

No company should have a 157 P/E ratio

Shares are forward looking, PE is retrospective but they do vastly overestimate growth quite often
 
AMD is a good stock right now because they are the disruptor with huge amounts of market share to grow into. Long term hold for me.

nVidia and Intel don't have a lot of growth potential, because they're so dominant in their markets, in fact the resurgance of AMD is going to eat away at their market share.

I made a bit buying and selling dips in nVidia, but they're not a long term hold. Probably a decent 5 year investment still, but AMD has much more potential over that time frame.

BTW I think in this context nVidia is a bit of a wildcard - they have more potential than Intel or AMD to break into new markets and expand outside of their traditional core and have been actively trying to do so albeit with mixed success.
 
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