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

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Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

<ul>
<li>Intel's results last week beat expectations by a wide margin, with margins recovering better than expected by the Street and guided to keep improving through 4Q23E.</li>
<li>New Meteor Lake chips for PCs, branded as 'Intel Core Ultra' will officially launch December 14th and are expected to drive demand for new AI-optimized PCs in 2024E.</li>
<li>Intel said that the PC industry completed its inventory digestion in 1H23, drove sequential demand growth in 3Q23, and this is expected to continue into 4Q23E.</li>
</ul>


Intel's results last week beat expectations by a wide margin, with margins recovering better than expected by the Street and guided to keep improving through 4Q23E.
New Meteor Lake chips for PCs, branded as 'Intel Core Ultra' will officially launch December 14th and are expected to drive demand for new AI-optimized PCs in 2024E.
Intel said that the PC industry completed its inventory digestion in 1H23, drove sequential demand growth in 3Q23, and this is expected to continue into 4Q23E.


Taiwan Semiconductor (TSMC) - ADR (TSM US)

PC Monitor: Inventories Healthy & Intel Expects Over 100 Million AI PCs In Two Years

Intel Corp

PC Monitor: Inventories Healthy & Intel Expects Over 100 Million AI PCs In Two Years