$NVIDIA (NVDA.US)$ is widening the R&D gap with its closest competitor. Annualizing last quarter's R&D spend, NVDA is investing now almost at twice the level of $Advanced Micro Devices (AMD.US)$ . And the latter will have to split R&D between GPUs, CPUs and FPGAs, whereas NVDA can fully focus on building out the AI stack.
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Cantor Fitzgerald today lowered its price target on Amazon $Amazon (AMZN.US)$ to $210 down from $230 while maintaining its Overweight rating
Cantor Fitzgerald raised its price target on Facebook $Meta Platforms (META.US)$ to $670 up from $660 while maintaining its Overweight rating
Keybanc raised its price target on Facebook $Meta Platforms (META.US)$ to $655 up from $560 while maintaining its Overweight rating
BMO Capital lowered its price target on Google $Alphabet-A (GOOGL.US)$ to $215 down f...
Cantor Fitzgerald raised its price target on Facebook $Meta Platforms (META.US)$ to $670 up from $660 while maintaining its Overweight rating
Keybanc raised its price target on Facebook $Meta Platforms (META.US)$ to $655 up from $560 while maintaining its Overweight rating
BMO Capital lowered its price target on Google $Alphabet-A (GOOGL.US)$ to $215 down f...
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$NVIDIA (NVDA.US)$ Blackwell production revenue in 1Q25 may surpass Hopper - Morgan Stanley
NVIDIA CEO Jensen Huang said in an interview with CNBC that demand for the company's next-generation artificial intelligence chip Blackwell is "insane". Mr Huang said, "Everybody wants to have the most and everybody wants to be first."...while Taiwan semi supply chain is fulfilling the growing chip demand: According to our checks of the GPU testing supply chain, Blackwell chip output should be around 2...
NVIDIA CEO Jensen Huang said in an interview with CNBC that demand for the company's next-generation artificial intelligence chip Blackwell is "insane". Mr Huang said, "Everybody wants to have the most and everybody wants to be first."...while Taiwan semi supply chain is fulfilling the growing chip demand: According to our checks of the GPU testing supply chain, Blackwell chip output should be around 2...
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The Semiconductor Value Chain
We have just updated one of our most acclaimed infographics, mapping out how 100+ companies such as $NVIDIA (NVDA.US)$ , $ASML Holding (ASML.US)$ , and $Arm Holdings (ARM.US)$ fit into the semiconductor ecosystem:
We have just updated one of our most acclaimed infographics, mapping out how 100+ companies such as $NVIDIA (NVDA.US)$ , $ASML Holding (ASML.US)$ , and $Arm Holdings (ARM.US)$ fit into the semiconductor ecosystem:
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The Hang Seng Index (Hong Kong’s market index) ended the week up 13.1% and reached its highest level since last July, and the Hang Seng Technology Index ended the week up 20.2%. Of course the driving force of this surge came from favorable policies from the Mainland (in fact, most of the optimism in the American and European stock markets came from this.) However it just seems like every time the stock market opens it just gains and the gain onl...
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$Micron Technology (MU.US)$
Analyst Comments: "Despite increasing macro (softer PC, phone demand) headwinds, MU was able to deliver beat/raise results on the back of solid data center demand, including continued growth in its AI-levered high-bandwidth memory (HBM) sales. Further, management reiterated their call for a record FY25E, raised HBM market TAM to $25bn+ from $20bn with strong pricing/share visibility."
"The critical metric...
Analyst Comments: "Despite increasing macro (softer PC, phone demand) headwinds, MU was able to deliver beat/raise results on the back of solid data center demand, including continued growth in its AI-levered high-bandwidth memory (HBM) sales. Further, management reiterated their call for a record FY25E, raised HBM market TAM to $25bn+ from $20bn with strong pricing/share visibility."
"The critical metric...
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Warren Buffett and Berkshire Hathaway $Berkshire Hathaway-B (BRK.B.US)$ filed for its sale of another ~22.3M shares of Bank of America $Bank of America (BAC.US)$ for ~$896.1M (Pre Tax)
That means total proceeds from share disposals since mid-July and dividends earned since 2011 have surpassed the $14.6 billion that the conglomerate spent to build its stake in the second-largest US bank - Bloomberg
That means total proceeds from share disposals since mid-July and dividends earned since 2011 have surpassed the $14.6 billion that the conglomerate spent to build its stake in the second-largest US bank - Bloomberg
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Time to focus now on Friday
"AAPL $Apple (AAPL.US)$ is by far the largest single name trade in this quarterly, with $27bn to buy for $S&P 500 Index (.SPX.US)$ and $34bn to buy if we include other indices.
Largest trade since $Tesla (TSLA.US)$ inclusion in December 2020.
S&P is adjusting the free float for Apple to 100% after Berkshire sold part of its stake earlier this year.
The rule S&P uses states that that free-float >95% will be rounded to 100%, hence, the large adjustment.
$Broadcom (AVGO.US)$ is $8.2bn...
"AAPL $Apple (AAPL.US)$ is by far the largest single name trade in this quarterly, with $27bn to buy for $S&P 500 Index (.SPX.US)$ and $34bn to buy if we include other indices.
Largest trade since $Tesla (TSLA.US)$ inclusion in December 2020.
S&P is adjusting the free float for Apple to 100% after Berkshire sold part of its stake earlier this year.
The rule S&P uses states that that free-float >95% will be rounded to 100%, hence, the large adjustment.
$Broadcom (AVGO.US)$ is $8.2bn...
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$Amazon (AMZN.US)$ is a very politically-sensitive company. Think that's important context for the $Intel (INTC.US)$ announcement (replete with a quote from Ohio's governor). Nice W for Intel, but Amazon will keep working on Graviton, Trainium and Inferentia, all of which are for now fabbed by $Taiwan Semiconductor (TSM.US)$ .
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What happened at $Intel (INTC.US)$ :
1) Had a long run of former CFOs as CEOs.
2) Fired the older engineers who were expensive, but essential. Experience arguably matters more in semis than other areas of tech.
3) Inserted EUV one node after TSM. Ego driven decision.
Tragedy.
1) Had a long run of former CFOs as CEOs.
2) Fired the older engineers who were expensive, but essential. Experience arguably matters more in semis than other areas of tech.
3) Inserted EUV one node after TSM. Ego driven decision.
Tragedy.
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