Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Commodities

<ul>
<li>A review of recent events/data impacting our investment themes and outlook.</li>
<li>No sign yet of a reversal in US government bonds and the dollar.</li>
<li>Brent Oil still above $100 despite exports moving back to pre-war levels</li>
</ul>


A review of recent events/data impacting our investment themes and outlook.
No sign yet of a reversal in US government bonds and the dollar.
Brent Oil still above $100 despite exports moving back to pre-war levels


Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Equity Bottom-Up

<ul>
<li>
Frontier AI Labs: Pausing, pacing, those are all the voluntary things that they could do if they feel that their company is out of control.</li>
<li>
President Trump: And I’m telling you, it’s all a hoax. The data centers are great and they make people wealthy and they make states wealthy</li>
<li>
Jensen Huang: I’d rather help everybody succeed instead of taking a slice out. And so we would go up as far as we need to but as low as possible.</li>
</ul>



Frontier AI Labs: Pausing, pacing, those are all the voluntary things that they could do if they feel that their company is out of control.

President Trump: And I’m telling you, it’s all a hoax. The data centers are great and they make people wealthy and they make states wealthy

Jensen Huang: I’d rather help everybody succeed instead of taking a slice out. And so we would go up as far as we need to but as low as possible.


Jensen Huang Chats With President Trump @ The All In Summit. Key Takeaways & Full Transcript

<ul>
<li>NVIDIA reaffirmed its confidence in delivering 70% year-over-year revenue growth for the coming year, noting unconstrained demand exceeds 100%.</li>
<li>While software coding remains primary high-ROI use case, Huang highlighted cybersecurity as the next massive application, with NVIDIA deploying swarms of Nemotron models for red-teaming (bug finding) and blue-teaming (patching) </li>
<li>NVIDIA is actively working with the financial sector to position its high-utility GPU platforms as durable, asset-backed collateral for institutional financing. Seem like the strategy is working well, for now...</li>
</ul>


NVIDIA reaffirmed its confidence in delivering 70% year-over-year revenue growth for the coming year, noting unconstrained demand exceeds 100%.
While software coding remains primary high-ROI use case, Huang highlighted cybersecurity as the next massive application, with NVIDIA deploying swarms of Nemotron models for red-teaming (bug finding) and blue-teaming (patching) 
NVIDIA is actively working with the financial sector to position its high-utility GPU platforms as durable, asset-backed collateral for institutional financing. Seem like the strategy is working well, for now...


NVIDIA @ Goldman Sachs Communacopia + Technology Conference 2026. Key Takeaways & Full Transcript

<ul>
<li>NVIDIA reported second-quarter fiscal 2027 results, details here. Revenue was $96.2 billion, up 18% sequentially and up 106% year over year, also blowing past the $91.0 billion guided midpoint.</li>
<li>Q327 revenue forecast  $108.0 billion, plus or minus 2%,  +12% QoQ, +89% YoY. The company also threw in forecast for fiscal 2028 growth of 70% YoY.</li>
<li>Recent announcements by NVIDIA, built around guaranteeing and backstopping investment in data centres that exclusively use their compute, suggest that much of their future demand is actually being self funded. </li>
</ul>


NVIDIA reported second-quarter fiscal 2027 results, details here. Revenue was $96.2 billion, up 18% sequentially and up 106% year over year, also blowing past the $91.0 billion guided midpoint.
Q327 revenue forecast  $108.0 billion, plus or minus 2%,  +12% QoQ, +89% YoY. The company also threw in forecast for fiscal 2028 growth of 70% YoY.
Recent announcements by NVIDIA, built around guaranteeing and backstopping investment in data centres that exclusively use their compute, suggest that much of their future demand is actually being self funded. 


NVIDIA Q2 2027. 2028 Supply Cannot Meet The Demand Jensen Is Paying To Create

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>NVIDIA Corporation reported a strong second quarter performance for fiscal 2027, with total revenue reaching $96 billion, more than doubling compared to the prior year and marking four consecutive quarters of accelerated growth.</li><li>This surge is primarily driven by the expanding demand for artificial intelligence (AI) infrastructure, which is propelling global buildouts across hyperscalers, AI labs, AI-native companies, enterprises, and sovereign customers.</li><li>The company projects approximately 70% revenue growth in fiscal 2028 but notes this growth is constrained by supply limitations.</li></ul>

NVIDIA Corporation reported a strong second quarter performance for fiscal 2027, with total revenue reaching $96 billion, more than doubling compared to the prior year and marking four consecutive quarters of accelerated growth.This surge is primarily driven by the expanding demand for artificial intelligence (AI) infrastructure, which is propelling global buildouts across hyperscalers, AI labs, AI-native companies, enterprises, and sovereign customers.The company projects approximately 70% revenue growth in fiscal 2028 but notes this growth is constrained by supply limitations.

NVIDIA’s $2 Trillion Backlog — Can Supply Ever Catch Up With AI Demand?

United States

NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software.  The Company's products provide interactive 3D graphics to the mainstream personal computer market.

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NVIDIA Corp (NVDA US)

Overview #81 — More of the Same

A review of recent events/data impacting our investment themes and outlook. Current trends have shown no sign yet of reversal. OIl is flowing...

Rikki Malik

Jensen Huang Chats With President Trump @ The All In Summit. Key Takeaways & Full Transcript

Jensen Huang: I’d rather help everybody succeed instead of taking a slice out. And so we would go up as far as we need to but as low as possible.

William Keating

NVIDIA @ Goldman Sachs Communacopia + Technology Conference 2026. Key Takeaways & Full Transcript

NVIDIA is actively working with the financial sector to position its high-utility GPU platforms as durable, asset-backed collateral for...

William Keating

NVIDIA Q2 2027. 2028 Supply Cannot Meet The Demand Jensen Is Paying To Create

Recent announcements by NVIDIA, built around guaranteeing and backstopping investment in data centres that exclusively use their compute, suggest...

William Keating

NVIDIA’s $2 Trillion Backlog — Can Supply Ever Catch Up With AI Demand?

NVIDIA Corporation reported a strong second quarter performance for fiscal 2027, with total revenue reaching $96 billion, more than doubling...

Baptista Research

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