In today’s briefing:
- NVIDIA’s China Dilema Is Worse Than You Think…
- Metaplanet (3350) | The Bitcoin Yield Illusion
- Nvidia 1Q26: The Good Times Keep Rolling, the Stock Is Not Expensive
- The AZEK Company: Will Its Recent Mergers & Acquisitions Help Enhance Market Reach & Customer Value?
- Novo Nordisk Is Capitalizing On The Worldwide Weight Loss BOOM—Here’s What’s Coming!
- AppLovin Breaks Out of Gaming—Here’s How Its Non-Gaming Ad Surge Is Supercharging Revenues!
- Deepak Fertilizers Q4 FY25 Update: A Specialty Play, Ready for the Mega Run
- President Trump “orders US Chip Software Suppliers to Stop Selling to China”
- Uber Technologies: Adoption & Integration of Autonomous Vehicles In An Attempt To Build A Unique Competitive Edge In Mobility!
- Disney’s $875 Million Streaming Comeback and UAE Power Move Could Change Everything!
NVIDIA’s China Dilema Is Worse Than You Think…
- Jensen claims his Taiwan expansion is just about needing more chairs, yet an NVIDIA blog post describes the Santa Clara HQ taking to the skies & landing in Taiwan.
- He was critical of US restrictions on China chip exports while in Taipei, yet had nothing to say on the topic while in the White House or the Middle East
- NVIDIA’s market share in China is down from 95% in 2022 to 50% now, yet the country continues to challenge global AI leadership. That puts NVIDIA in an awkward spot.
Metaplanet (3350) | The Bitcoin Yield Illusion
- Metaplanet, the Tokyo-listed firm modelling itself after MicroStrategy, continues to rapidly expand its Bitcoin holdings.
- For now, equity markets are playing along. Metaplanet’s share price has surged 30% in the past week
- But with the firm trading at nearly 6x its net asset value, market enthusiasm looks stretched
Nvidia 1Q26: The Good Times Keep Rolling, the Stock Is Not Expensive
- Large impact of H20 discontinued sales to China. Including the impact, 1-2Q26 are inline with consensus. Adding back the H20 missed revenues, 1-2Q26 would have been ~10% above Consensus.
- The ramp of GB200 is very impressive, demonstrating Jensen’s point: “it drives down cost and improves quality of response with higher speed”. The Good Times Keep Rolling.
- This means that Consensus most likely does not need to revise down FY26 forecasts. This means that the stock is cheap-ish, trading at 31x FY26 EPS and 24x FY27.
The AZEK Company: Will Its Recent Mergers & Acquisitions Help Enhance Market Reach & Customer Value?
- AZEK recently shared its second-quarter fiscal 2025 financial results, highlighting both positive performances and notable challenges.
- The quarter saw consolidated net sales grow by 8% year-over-year to $452 million, while the residential segment led growth with a 9% year-over-year increase in net sales.
- This robust performance was driven by mid-single-digit sell-through growth and continued expansion in product lines such as TimberTech and AZEK Exteriors.
Novo Nordisk Is Capitalizing On The Worldwide Weight Loss BOOM—Here’s What’s Coming!
- Novo Nordisk A/S reported its financial results for the first quarter of 2025, showcasing strong growth across its operations, though facing certain challenges.
- The company delivered an 18% increase in sales and a 20% growth in operating profit, reflecting robust demand for its diabetes and obesity treatments.
- These positive results underscore the company’s ongoing market leadership, with approximately 46 million patients currently benefiting from its treatment solutions.
AppLovin Breaks Out of Gaming—Here’s How Its Non-Gaming Ad Surge Is Supercharging Revenues!
- AppLovin, a leader in performance marketing, has recently announced its first-quarter 2025 financial results, highlighting its robust growth trajectory despite external challenges.
- The company has navigated market volatility, such as short-seller scrutiny and broader economic conditions, by focusing on emerging opportunities in the advertising sector.
- This quarter is especially significant due to its strategic decision to divest its games business entirely, further sharpening its focus on advertising technology.
Deepak Fertilizers Q4 FY25 Update: A Specialty Play, Ready for the Mega Run
- Deepak Fertilisers & Petro (DFPC IN) reported robust Q4 and full-year FY25 results, crossing INR 10,000 crores in revenue and doubling PAT year-on-year for FY25.
- The strong financial outcomes validate the company’s strategy of aligning with India’s growth story and transitioning from commodities to higher-margin specialty products.
- Improved financial health, reduced net debt, and strategic capex nearing completion position DFPCL for future growth and potentially higher profitability despite near-term segment-specific pressures.
President Trump “orders US Chip Software Suppliers to Stop Selling to China”
- China represents ~11% of revenues for Cadence and Synopsys. The weight of China has been declining.
- China has a number of startup working on replacement software, the leader is Empyrean – good but some years behind Cadence and Synopsys and focused on legacy chip design.
- Between this news today and more restrictions on Nvidia’s sales to China, it looks like more US restrictions will come.
Uber Technologies: Adoption & Integration of Autonomous Vehicles In An Attempt To Build A Unique Competitive Edge In Mobility!
- Uber Technologies’ Q1 2025 earnings call provided insights into the company’s performance, operations, and strategic outlook.
- The results reflected robust growth across key metrics, albeit in a competitive and dynamic environment.
- Here’s a synopsis of the key points from the call, reflecting both strengths and challenges faced by the company.
Disney’s $875 Million Streaming Comeback and UAE Power Move Could Change Everything!
- Walt Disney’s second-quarter 2025 earnings report was met with a wave of investor enthusiasm, driving the stock up 11% to over $102.
- This optimism was not only driven by stronger-than-expected financials but also by the high-profile announcement of a new theme park in Abu Dhabi.
- The planned park marks Disney’s seventh globally and is set to be developed in collaboration with the Miral Group.
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