Warren Buffett continued to sell BYD amid tariffs on Chinese EVs in major markets. There has been lots of consternation in the electric vehicle industry these days, as generating demand beyond early EV adopters has been a challenge -- especially in the current interest rate environment. As evidence, Germany's Federal Motor Transport Authority also reported today that the number of newly registered electric vehicles has fallen by 16% this year, with electric vehicle market share falling from 14.3% in the Jan ...

PM Images While indie Semiconductor, Inc. (NASDAQ:INDI) has gotten a boost off the lows from takeover speculation, the stock is still far below the SPAC price from years ago. The automotive semiconductor has a massive opportunity ahead for the cheap stock price and for the company to cash out now. My investment thesis remains ultraBullish on the stock with the opportunity ahead. Source: Finviz Market Headwinds indie Semi. reported a weak quarter at the start of May. The automotive market is facing some shor ...

A major financial publication leaked that the high-growth chip company was exploring options, including a sale. While Indie is still a rather small company, with just $235 million in trailing-12-month revenue and a $1.25 billion market cap, it has actually assembled a rather broad array of automotive technologies, spanning lidar, radar, and computer vision for autonomous applications, as well as wireless charging inside the cabin and plug- in fast charging technologies for EVs. Indie has developed these tec ...

indie Semiconductor, Inc. (NASDAQ:INDI) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Ashish Gupta - Investor Relations Don McClymont - Co-Founder and Chief Executive Officer Tom Schiller - Chief Financial Officer and Executive Vice President, Strategy Conference Call Participants Suji Desilva - Roth MKM Ross Seymore - Deutsche Bank Anthony Stoss - Craig-Hallum Cody Acree - Benchmark Jonathan Tanwanteng - CJS Securities Operator Good afternoon and welcome to indie Semiconducto ...

Indie Semiconductor, Inc. (INDI) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -25%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced a loss of $0.01, delivering no surprise.Over the last four quarters, the company has not been ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 32 Journey Aliso Viejo, California 92656 (Address of Principal Executive Offices) (Zip Code) (949) 608-0854 Re ...

Exhibit 99.1 indie Semiconductor Reports First Quarter 2024 Results ALISO VIEJO, Calif. – May 9, 2024 – indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, today announced first quarter results for the period ended March 31, 2024. Q1 revenue was up 29 percent year-over-year to $52.4 million with Non- GAAP gross margin of 50.3 percent. On a GAAP basis, first quarter 2024 operating loss was $49.6 million compared to $37.0 million a year ago. Non-GAAP operating loss for the first quarter ...

Hiroshi Watanabe indie Semiconductor (NASDAQ:INDI) designs semiconductors and components for automotive compute. indie's main business is in making processors for ADAS (advanced driver assistance systems) that use data from various sensors like cameras, radar, and LiDAR. indie also makes systems for cabin experience elements like lighting and wireless charging, and is making inroads in automotive electrification. indie's revenue doubled in 2023 and has more than quadrupled since 2021. Margins have also impr ...

The AI gold rush has turned several chip stocks into globally important firms. Of course, none has become more important than Nvidia (NASDAQ:NVDA). The company’s AI accelerator GPUs are in high demand. Share prices have surged to astronomical levels, leading some to believe they are overvalued. While that may or may not be the case, we are looking for overlooked chip stocks today.Some firms are connected to the AI gold rush, while others possess different catalysts. Regardless, each represents an undervalue ...

ALISO VIEJO, Calif.--(BUSINESS WIRE)--indie Semiconductor (Nasdaq: INDI), an Autotech solutions innovator, today announced that it has granted equity awards (the “Inducement Grants”) under its 2023 Inducement Incentive Plan to new employees who joined indie. The grants were previously approved by the Compensation Committee of the Board of Directors of indie Semiconductor. Information regarding the equity awards can be found on the company's investor relations website at: https://investors.indiesemi.com/news ...