Podcast On the Business of Semiconductors, The Circuit

The Circuit

Podcast On the Business of Semiconductors

A Podcast On the Business of Semiconductors. With Jay Goldberg and Ben Bajarin

Equity Bottom-Up

<ul><li>25,000 people attended Nvidia sessions, making it one of the busiest single company shows</li><li>Initial disappointment at keynote, followed by renewed enthusiasm after investor Q&amp;A and show attendance</li><li>Disillusionment with lack of new AI advancements and repeated demos at Nvidia booth, feeling like a cult atmosphere</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

25,000 people attended Nvidia sessions, making it one of the busiest single company showsInitial disappointment at keynote, followed by renewed enthusiasm after investor Q&amp;A and show attendanceDisillusionment with lack of new AI advancements and repeated demos at Nvidia booth, feeling like a cult atmosphereThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

<ul>
<li>Huang throws cold water on a potential TSMC led deal for INTC fab business, saying he 'wasn't invited' to any discussions. </li>
<li>Micron guidance beats consensus which should be a positive for related names such as Micronics. </li>
<li>CoWoS and advanced packing maker Shibaura Mechtronics raised guidance on Wednesday ahead of street, yet stock still trading around recent lows points to further upside.</li>
</ul>


Huang throws cold water on a potential TSMC led deal for INTC fab business, saying he 'wasn't invited' to any discussions. 
Micron guidance beats consensus which should be a positive for related names such as Micronics. 
CoWoS and advanced packing maker Shibaura Mechtronics raised guidance on Wednesday ahead of street, yet stock still trading around recent lows points to further upside.


NVDA's 'Quantum Day' Fails to Live up to the Hype. Micron Beats, and Softbank Acquires Ampere.

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 recently concluded its fourth quarter of fiscal year 2025 with impressive results, highlighting its continued dominance and growth in the data center and AI markets.</li><li>Revenue for the quarter stood at a record $39.3 billion, marking a 12% sequential increase and a substantial 78% year-on-year growth.</li><li>For the full fiscal year 2025, NVIDIA reported revenues of $130.5 billion, a remarkable 114% increase from the previous year.</li></ul>

NVIDIA Corporation recently concluded its fourth quarter of fiscal year 2025 with impressive results, highlighting its continued dominance and growth in the data center and AI markets.Revenue for the quarter stood at a record $39.3 billion, marking a 12% sequential increase and a substantial 78% year-on-year growth.For the full fiscal year 2025, NVIDIA reported revenues of $130.5 billion, a remarkable 114% increase from the previous year.

Nvidia's Rollercoaster Ride: Why Volatility Will Define Its Future!

<ul><li>Nvidia's stock has underperformed this year due to intense scrutiny and high expectations</li><li>Despite strong fundamentals, it is difficult for Nvidia to surprise investors and move the stock price</li><li>Potential for upside lies in Blackwell demand and upcoming announcements, but meaningful surprises may be limited due to the company's high level of scrutiny and public knowledge</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Nvidia's stock has underperformed this year due to intense scrutiny and high expectationsDespite strong fundamentals, it is difficult for Nvidia to surprise investors and move the stock pricePotential for upside lies in Blackwell demand and upcoming announcements, but meaningful surprises may be limited due to the company's high level of scrutiny and public knowledgeThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Episode 107: NVIDIA Earnings and Peak Nvidia? (Sentiment Wise)

Technology / Semiconductor / Internet Research

Nicolas Baratte

<ul>
<li>CEO is clearly saying that demand is growing faster than expected and has visibility into 2025-26 revenues (we have a fairly good line of sight of investment in data centers)</li>
<li>Models are getting better and using up to 100x more computing power (ie chain of thought and reinforcement learning). The AI market is today Consumer, tomorrow Agentic, later on Physical.  </li>
<li>The stock is not expensive at 30x FY26 EPS and 24x FY27 EPS. Get over it.</li>
</ul>


CEO is clearly saying that demand is growing faster than expected and has visibility into 2025-26 revenues (we have a fairly good line of sight of investment in data centers)
Models are getting better and using up to 100x more computing power (ie chain of thought and reinforcement learning). The AI market is today Consumer, tomorrow Agentic, later on Physical.  
The stock is not expensive at 30x FY26 EPS and 24x FY27 EPS. Get over it.


Nvidia: Jan-25 Beat, Apr-25 Beat, Blackwell Demand Is “extraordinary“, Gross Margins Will Improve

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)

Episode 110: NVIDIA's Identity Crisis

The Nvidia conference was packed with attendees but left many feeling disillusioned and questioning the hype surrounding the company's AI...

The Circuit

NVDA's 'Quantum Day' Fails to Live up to the Hype. Micron Beats, and Softbank Acquires Ampere.

Huang questions TSMC deal for INTC, Micron beats guidance, Shibaura Mechtronics raises outlook but stock still looks undervalued.

Andrew Jackson

Nvidia's Rollercoaster Ride: Why Volatility Will Define Its Future!

NVIDIA Corporation recently concluded its fourth quarter of fiscal year 2025 with impressive results, highlighting its continued dominance and...

Baptista Research

Episode 107: NVIDIA Earnings and Peak Nvidia? (Sentiment Wise)

In summary, Nvidia has faced scrutiny and underperformance in the market, with investors looking for surprises and upside potential in order for...

The Circuit

Nvidia: Jan-25 Beat, Apr-25 Beat, Blackwell Demand Is “extraordinary“, Gross Margins Will Improve

CEO anticipates strong demand growth with significant investments in data centers. AI models are improving with increased computing power. Stock...

Nicolas Baratte

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Episode 110: NVIDIA's Identity Crisis

The Nvidia conference was packed with attendees but left many feeling disillusioned and questioning the hype surrounding the company's AI...

The Circuit

NVDA's 'Quantum Day' Fails to Live up to the Hype. Micron Beats, and Softbank Acquires Ampere.

​Huang questions TSMC deal for INTC, Micron beats guidance, Shibaura Mechtronics raises outlook but stock still looks undervalued.

Andrew Jackson

Nvidia's Rollercoaster Ride: Why Volatility Will Define Its Future!

NVIDIA Corporation recently concluded its fourth quarter of fiscal year 2025 with impressive results, highlighting its continued dominance and...

Baptista Research

Episode 107: NVIDIA Earnings and Peak Nvidia? (Sentiment Wise)

In summary, Nvidia has faced scrutiny and underperformance in the market, with investors looking for surprises and upside potential in order for...

The Circuit

Nvidia: Jan-25 Beat, Apr-25 Beat, Blackwell Demand Is “extraordinary“, Gross Margins Will Improve

​CEO anticipates strong demand growth with significant investments in data centers. AI models are improving with increased computing power. Stock...

Nicolas Baratte

Huang questions TSMC deal for INTC, Micron beats guidance, Shibaura Mechtronics raises outlook but stock still looks undervalued.

CEO anticipates strong demand growth with significant investments in data centers. AI models are improving with increased computing power. Stock...