Writing about Companies with an Unfair Advantage, Unfair Advantage

Unfair Advantage

Writing about Companies with an Unfair Advantage

I write about companies that have an unfair advantage. I might invest in them as well.

Equity Bottom-Up

<ul><li>The market waited with bated breath as NVIDIA released their quarterly earnings yesterday on 19th November, 2025. To almost no one’s surprise, they beat the estimates again.</li><li>The company is a juggernaut to say the least and has added $1.9 Trillion in market cap in the last 8 months!</li><li>That is more than Tesla or Meta's market cap themselves. The statistics are almost unbelievable.</li></ul>

The market waited with bated breath as NVIDIA released their quarterly earnings yesterday on 19th November, 2025. To almost no one’s surprise, they beat the estimates again.The company is a juggernaut to say the least and has added $1.9 Trillion in market cap in the last 8 months!That is more than Tesla or Meta's market cap themselves. The statistics are almost unbelievable.

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

<ul>
<li>NVIDIA’s AI Factory Buildout Signals Multi-Year Demand for Taiwan’s Supply Chain</li>
<li>TSMC’s Growth Outlook De-Risked by NVIDIA's Smooth Transition to GB300</li>
<li>NVIDIA's Networking Segment Surge Expands System-Level Product Integration Opportunity for Taiwan Ecosystem</li>
</ul>


NVIDIA’s AI Factory Buildout Signals Multi-Year Demand for Taiwan’s Supply Chain
TSMC’s Growth Outlook De-Risked by NVIDIA's Smooth Transition to GB300
NVIDIA's Networking Segment Surge Expands System-Level Product Integration Opportunity for Taiwan Ecosystem


NVIDIA Results: Taiwan Take-Aways -- Demand Visibility Implies Strength for Key Suppliers

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's recent earnings for the second quarter of fiscal 2026 highlighted a record quarter in terms of total revenue, driven by widespread adoption of its comprehensive product suite across various sectors.</li><li>The company reported a total revenue of $46.7 billion, surpassing its expectations with substantial growth noted in its data center segment, which increased by 56% year-over-year.</li><li>The rollout of new technology, including the Blackwell platform and GB300 systems, was cited as a key driver of this growth, facilitating NVIDIA's expansion in the AI infrastructure space.</li></ul>

NVIDIA Corporation's recent earnings for the second quarter of fiscal 2026 highlighted a record quarter in terms of total revenue, driven by widespread adoption of its comprehensive product suite across various sectors.The company reported a total revenue of $46.7 billion, surpassing its expectations with substantial growth noted in its data center segment, which increased by 56% year-over-year.The rollout of new technology, including the Blackwell platform and GB300 systems, was cited as a key driver of this growth, facilitating NVIDIA's expansion in the AI infrastructure space.

NVIDIA Gets Ditched Again: After Softbank, Now Peter Thiel Is Cashing Out Fast!

Equity/Index & Cross Asset Volatility Specialist, Cameron Design

Jay Cameron

Equity/Index & Cross Asset Volatility Specialist

Cameron Design

We specialize in financial products and volatility. Our strategies balance speed, data, and risk control to capture opportunities across global markets. Our research leverages AI and data analytics to continuously refine our algorithms and adapt to evolving market dynamics.

Equity Derivatives

<ul>
<li>NVIDIA has secured unprecedented demand visibility with a reported USD 500 Billion order book for its next-gen AI chips, solidifying its position as the keystone of the AI industrial revolution.</li>
<li>The company’s financial health highlighted by a USD 48.3 Billion net cash balance and strategic capital return, affirming confidence that structural growth will outweigh geopolitical risks.</li>
<li>Following a period of short-term volatility and profit-taking, the confluence of long-term structural catalysts suggests the stock is poised to resume a higher trajectory and trading range.</li>
</ul>


NVIDIA has secured unprecedented demand visibility with a reported USD 500 Billion order book for its next-gen AI chips, solidifying its position as the keystone of the AI industrial revolution.
The company’s financial health highlighted by a USD 48.3 Billion net cash balance and strategic capital return, affirming confidence that structural growth will outweigh geopolitical risks.
Following a period of short-term volatility and profit-taking, the confluence of long-term structural catalysts suggests the stock is poised to resume a higher trajectory and trading range.


NVIDIA’s $500B Order Book: Implications for Valuation, Option Strategies

NVIDIA Just Made a Massive Move in Taiwan While SoftBank Cashed Out—Here’s Why It Matters!

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)

Worsening NVIDIA Earnings Quality

The market waited with bated breath as NVIDIA released their quarterly earnings yesterday on 19th November, 2025. To almost no one’s surprise, they...

Unfair Advantage

NVIDIA Results: Taiwan Take-Aways -- Demand Visibility Implies Strength for Key Suppliers

NVIDIA's expansion and smooth transition to new products signal long-term demand for Taiwan's supply chain and growth opportunities for TSMC.

Vincent Fernando, CFA

NVIDIA Gets Ditched Again: After Softbank, Now Peter Thiel Is Cashing Out Fast!

NVIDIA Corporation's recent earnings for the second quarter of fiscal 2026 highlighted a record quarter in terms of total revenue, driven by...

Baptista Research

NVIDIA’s $500B Order Book: Implications for Valuation, Option Strategies

NVIDIA's strong demand visibility and financial health metrics position continue to position it well in the AI revolution, with potential for long...

Jay Cameron

NVIDIA Just Made a Massive Move in Taiwan While SoftBank Cashed Out—Here’s Why It Matters!

NVIDIA Corporation's recent earnings for the second quarter of fiscal 2026 highlighted a record quarter in terms of total revenue, driven by...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Worsening NVIDIA Earnings Quality

The market waited with bated breath as NVIDIA released their quarterly earnings yesterday on 19th November, 2025. To almost no one’s surprise, they...

Unfair Advantage

NVIDIA Results: Taiwan Take-Aways -- Demand Visibility Implies Strength for Key Suppliers

​NVIDIA's expansion and smooth transition to new products signal long-term demand for Taiwan's supply chain and growth opportunities for TSMC.

Vincent Fernando, CFA

NVIDIA Gets Ditched Again: After Softbank, Now Peter Thiel Is Cashing Out Fast!

NVIDIA Corporation's recent earnings for the second quarter of fiscal 2026 highlighted a record quarter in terms of total revenue, driven by...

Baptista Research

NVIDIA’s $500B Order Book: Implications for Valuation, Option Strategies

​NVIDIA's strong demand visibility and financial health metrics position continue to position it well in the AI revolution, with potential for long...

Jay Cameron

NVIDIA Just Made a Massive Move in Taiwan While SoftBank Cashed Out—Here’s Why It Matters!

NVIDIA Corporation's recent earnings for the second quarter of fiscal 2026 highlighted a record quarter in terms of total revenue, driven by...

Baptista Research

NVIDIA's expansion and smooth transition to new products signal long-term demand for Taiwan's supply chain and growth opportunities for TSMC.

NVIDIA's strong demand visibility and financial health metrics position continue to position it well in the AI revolution, with potential for long...