The Bogeyman -- January 4, 2025

Locator: 44613BOGEYMAN.

When I was growing up, it seemed the bogeyman was something that scared all us children. LOL. Haven't heard that word in a long time.

I guess  the "bogeyman" has changed. For the last five years (in some cases, longer):

• "it looks like a recession this year" (annual concern since 1984)
• "it's just a matter of time for China to invade Taiwan" (since 2004)
• "Apple's p/e is too high" (since like forever)
• "Nvidia can't possibly grow into their earnings" (since 2023 — exception to the 5-year history)
• "that asteroid was a near miss" (comes around every three years since 1969)
• "Trump will never be president" (2016) (2024)
• "it's a bubble" (since 2018)
• "stagflation persists" (since 2012)
• "climate change — ten years to save the earth" (since 1994)

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A Musical Interlude

Link here.

PEGs -- January 4, 2025

Locator: 44612PEGGYSUE.

Link here.

Parting Shots -- The Trump Inauguration -- Entry Fee -- January 4, 2025

Locator: 44611TRUMP.

Minimum: $1 million. Link here.

No max.

Swag, in return, will be worth it, many times over.

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A Musical Interlude

Link here.

Rivian Shares Surge -- Nonsense -- January 4, 2025

Locator: 44610NONSENSE.

Rivian shares surge, headline:

Rivian ticker:

Decades ago when assigned to Grand Forks AFB, ND, I worked alongside another North Dakota native. His favorite word when he saw things like this: "nonsense."

Intel -- An Update -- The WSJ -- Saturday, January 4, 2025

Locator: 44609INTEL. 

Tech is tracked here.

Chips: tracked here.

Apple Silicon: link here.

January 5, 2025, update, link here: 

Link here, from yesterday's WSJ. 

You may think you know how much Intel is struggling, but the reality is worse.

The once-mighty American innovation powerhouse is losing market share in multiple areas that are critical to its profitability. Its many competitors include not just the AI juggernaut Nvidia but smaller rivals and even previously stalwart allies like Microsoft.

One flashing warning sign: In the latest quarter reported by both companies, Intel’s perennial also-ran, AMD, actually eclipsed Intel’s revenue for chips that go into data centers. This is a stunning reversal: In 2022, Intel’s data-center revenue was three times that of AMD.

And:

Again, the dividend could be keeping a lot of long-term investors in the game.