1. JPMorgan is downgraded to a sell due to technical uncertainty and an elevated P/B ratio, despite resilient fundamentals; 2. Technical indicators show a broken uptrend, slowing momentum, and balanced support/resistance levels; 3. Q1 earnings revealed sluggish revenue growth and rising credit loss provisions, while its 85% P/B premium over peers appears unjustified amid economic risks.
Recent #earnings news in the semiconductor industry
➀ NVIDIA continues to benefit from soaring demand for its data center solutions and achieves record first quarter gaming revenue.
➁ Despite $4.5 billion charge from chip inventory write-down, the company's revenue for Q1 fiscal 2026 reaches $44.1 billion.
➂ Export restrictions to China result in $2.5 billion lost H20 chip sales, but NVIDIA manages to thrive.
1. Nvidia's Q1 earnings announcement on May 28th is highly anticipated, with preliminary data suggesting accelerating AI-driven growth; 2. The article analyzes Nvidia's business, growth prospects, five key channel checks, current valuation, and risks; 3. The author holds a long position in NVDA and provides insights on investing in the stock amid market expectations.
1. TSMC's Q2 revenue surged 40% YoY to $20.67 billion, driven by strong AI chip demand; 2. AI and high-performance computing (HPC) compensated for weak smartphone market performance; 3. The company announced expansion plans in the US, Japan, and Germany, with optimistic Q3 growth forecasts.
➀ AMD公布第一季度财报，营收同比增长36%至74.4亿美元；
➁ 净利润达到70.9亿美元，同比增长476%；
➂ 数据中心业务收入增长57%，但嵌入式业务收入下降；
➃ 客户和游戏部门收入增长28%，Ryzen芯片和Radeon显卡表现强劲。
1. Grab Holdings held its Q1 2025 earnings call, discussing financial results and strategic updates; 2. Key executives, including CEO Anthony Tan and CFO Peter Oey, addressed forward-looking statements and risks; 3. The call emphasized non-IFRS financial metrics and operational priorities in Southeast Asia.
1. The author reiterates a 'buy' rating for Palantir ahead of Q1 earnings, projecting 35.9% YoY revenue growth and 62.9% EPS growth; 2. Recent federal partnerships, including NATO's adoption of Palantir's Maven Smart System and collaboration with Google for FedStart, highlight growth momentum; 3. Strong AI-driven earnings from companies like ASML, TSMC, and Google reinforce optimism, with a $134 price target reflecting Palantir's role in the AI application phase.
1. PayPal is demonstrating good value despite competitive challenges; 2. The company has reduced outstanding stock by 13.65% over the last three years, leading to 4.75% CAGR EPS growth; 3. With an additional $15 billion in buyback authorization, the company has nearly $20 billion for buybacks, representing 28% of the outstanding stock; 4. Management is implementing new initiatives to improve monetization of Venmo and other products, potentially increasing margins; 5. PYPL stock is trading at a low valuation compared to EPS estimates for the next two fiscal years.
1. Despite a double beat in Q4 earnings, Nvidia's stock has declined due to smaller EPS surprises and disappointing guidance indicating potential future earnings growth is already priced in. 2. Concerns arise from Nvidia's poor conversion of earnings into cash flows, with unusual growth in accounts receivable and inventory. 3. Trade restrictions and tariffs, along with performance issues and fading hype around GenAI, pose significant headwinds for Nvidia. 4. Technical analysis shows bearish signals, suggesting an unfavorable risk-reward scenario for Nvidia's stock in the near term.
1. Investors will be busy next week with a wealth of data, with the highlight being Friday's jobs report for February. 2. Companies reporting quarterly earnings include CrowdStrike, Broadcom, Target, Costco Wholesale, and Kroger. 3. The market is looking tired, and a decent-sized correction is expected, with tech being hit the hardest. 4. The only ones that appear to be bottoming are Tesla and AMD, but even their support levels could be pushed lower.
1. Nvidia beat EPS and revenue estimates, but margin compression and high TCO for inference GPUs remain significant concerns; 2. Despite impressive Q4 results, Nvidia's gross margins fell below expectations; 3. Nvidia's valuation remains high compared to sector medians, and shrinking margins could lead to P/E multiple compression, presenting downside risks.
1. Hims & Hers experienced a sell-off after Q4 2024 earnings due to profit-taking and weaker-than-expected EBITDA margins; 2. The company is projected to generate over $2 billion in revenues and $350 million in free cash flow in 2025; 3. Despite regulatory challenges and competition from Amazon Pharmacy, the long-term potential remains strong.
1. Nvidia's upcoming earnings report is crucial, with high expectations for its AI GPU segment; 2. Analysts expect EPS of $0.85 on revenue of $38.15 billion; 3. The stock market will be conducting a test of the AI rally with Nvidia's report.
1. Novartis' Q4 2024 results exceeded expectations with 16% net sales growth and a 55% increase in operating income; 2. The acquisition of Anthos Therapeutics and strategic investments in R&D support Novartis' position as a leader in innovative medicines; 3. Novartis' strong free cash flow generation, supportive dividend yield, and ongoing buyback make it an attractive investment.
1. Airbnb's shares surged 14% after earnings, reflecting a fair valuation at 20x forward free cash flow with 12% y/y growth expected in 2025. 2. Heavy investments and over 500 new features aim to enhance the platform, setting Airbnb up for long-term growth beyond 2025. 3. Despite low double-digit revenue growth, Airbnb's strong free cash flow generation and nearly 9% net cash position provide a margin of safety.
1. Super Micro Computer, Inc. reported earnings that caused market uncertainty; 2. The company is experiencing governance issues; 3. Investors should avoid SMCI stock until audited financial results are available.
➀ Texas Instruments (TI) released its 2024 financial report, showing stable performance in a challenging economic environment;
➁ Revenue experienced a slight decline, but the company demonstrated strong cash generation and significant returns to shareholders;
➂ The report highlights the resilience of TI's business model and the effectiveness of its long-term strategy.
1. Novo Nordisk's 2024 earnings exceeded estimates with 25% revenue growth; 2. The market overreacted to CagriSema trial results, leading to a 20% stock drop; 3. Despite the market's reaction, Novo Nordisk's shares offer attractive returns, leading to a Strong Buy rating.
1. Alphabet Inc. reported a minor miss on its Q4 2024 revenue estimates, prompting investors to take profits off the table. 2. Despite steady growth in Google Search, concerns over the future of Search amid rising AI tools like ChatGPT prompt a neutral stance on the stock. 3. The article discusses the potential upside if Alphabet's 2025 Search innovations succeed, but highlights current uncertainties making the risk-reward balance less appealing.
1. Synchrony Financial reported a mixed Q4 results with revenue and EPS falling short of estimates; 2. Key risks include the potential implementation of the CFPB's late fee rule and increasing competition from digital-native banking companies; 3. The stock is cheap at 9x forward EPS, with EPS growth expected to be 15-16% over the next two years.
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