My Investing Muse

Latest earnings from Nvidia From Twitter  Post  by EconomyAPP Observations from the recent earnings (comparing YoY growth, 9 months ended): Revenue grew 85.53%. Cost of Revenue grew 20.31%. Gross Profit grew 138.74% R&D expenses grew 15.28% Sales, general & Admin expenses grew 7%. Total expenses contracted by 4.71% Net income grew 491.57% The costs management of Nvidia is impressive. When revenue grew over 85%, the costs of revenue grew only 20.3%. Total expenses has in fact contracted by 4.71% despite a strong 85% growth in revenue. Extract of  transcript Despite these strong earnings, the market has concerns due to the outlook as per the transcript above. With the recent President Xi’s visit to the USA, will there be an easing of the licensing requirements? Can the trade tension ease? Given the current semiconductor products, how many years it may take for the competition to catch up with Nvidia? The following is the answer provided by Google Bard: Predicting th...

Public Holidays The US will be celebrating Thanksgiving this coming week from 23 Nov 2023. Here is wishing my American friends a blessed Thanksgiving. No public holidays in Singapore, Hong Kong, and China. Economic Calendar (20 Nov 2023) Notable Highlights The US will be having a short week due to Thanksgiving. FOMC meeting minutes  could be one of the movers of the market. Existing Home Sales . This will be one of the good indicators of the health of US real estate. This should shed more light on how the real estate is coping. Core Durable Goods Orders (MoM) (Oct)  can shed some light on the consumerism in USA, an indicator of consumption in the USA. Initial Jobless Claims  will be released in the coming week. This is another important data point for the Fed’s coming interest rate decision as they seek to balance inflation and unemployment. Together with the  Unemployment   rate , this will be part of the Fed’s consideration for the coming interest rate. decisi...