Managing Director, Zero One, Zero One

Vincent Fernando, CFA

20 years of experience researching capital markets in Asia and the USA.

Managing Director, Zero One

Taiwan Tech Weekly: TSMC Cuts Capex; Hon Hai AI Servers in Demand; ASE Winning TSMC Orders

TSMC (ADR) Bull Wedge Breakout for New Highs

Taiwan Dual-Listings: TSMC Spread Opens Again for Opportunity; Others Have Swung Substantially

Taiwan Tech Weekly: Nvidia in Taiwan - Everyone Will Need 'AI Factories'; Identifying Short Squeezes

Intel Results PC Readthrough: Inventory Correction to Get Worse in 1Q23E

Taiwan Tech Weekly: PC Market Bottoming, AMAT, Quanta Outperforms Peers, Samsung Tesla Meeting

A Bull Investment Case for TSMC (Summary Version)

Equity Bottom-Up

<ul>
<li>HP and Dell's industry outlook after their results last week indicate a PC market stabilizing and set for growth in 2024E. Qualcomm provided AI comments at a recent conference.</li>
<li>Both HP and Dell managed to beat earnings expectations despite experiencing 20%+ YoY revenue declines. Neither stock's price has made a significant move since results.</li>
<li>AI incorporated into Windows 11 and PC's themselves could be a major reason for companies and consumers to buy new PC's. PC's are being designed to run AI capabilities locally.</li>
</ul>


HP and Dell's industry outlook after their results last week indicate a PC market stabilizing and set for growth in 2024E. Qualcomm provided AI comments at a recent conference.
Both HP and Dell managed to beat earnings expectations despite experiencing 20%+ YoY revenue declines. Neither stock's price has made a significant move since results.
AI incorporated into Windows 11 and PC's themselves could be a major reason for companies and consumers to buy new PC's. PC's are being designed to run AI capabilities locally.


Dell, HP, Qualcomm Signal AI-Driven PC Refresh Cycle, 2024E PC Growth, Accelerated Windows Upgrades

Hewlett Packard Co

Dell, HP, Qualcomm Signal AI-Driven PC Refresh Cycle, 2024E PC Growth, Accelerated Windows Upgrades