SummaryNvidia's Q2 FY2024 results exceeded expectations, with revenues of $13.51B and non-GAAP EPS of $2.70.The strong performance was driven by growing demand for generative AI and large language models utilizing Nvidia's Data Center AI chips.Nvidia's Q3 sales guidance projects revenue of $16B, indicating a y/y growth of +171% and suggesting continued strong business momentum.Despite strong financial performance and optimistic near-term outlook, question marks remain around the sustainability of this demand spike.Given Nvidia's premium valuation, I see little to no margin of safety in NVDA stock for long term investors. Hence, I choose not to chase NVDA at $500 per share.Justin SullivanIntroductionThe generative AI boom has taken significant mindshare across the globe, with big tech stock

SummaryUnity's 31% YTD price surge is commendable but not special, with the company underperforming the Nasdaq Index.The path to profitability remains unclear, with a significant portion of R&D channeled towards sustaining market share as opposed to generating growth.The public's interest in VR/AR applications is encouraging. However, the pace of adoption leaves much to be desired.Arsenii PalivodaInvestment ThesisAs consensus grows around the idea that the Fed has successfully navigated a soft landing, the bullish sentiment in the market is palpable. The economy's 2% growth in Q1 2023 and the more recent 2.4% rise in Q2 2023 are evidence of this resilience, reinforcing investors' confidence.Sensing that the tumultuous phase of the downcycle is ebbing, investors are now reconfiguri

SummaryLi Auto reported better-than-expected earnings for Q2, driven by strong demand for the company's EV products.The company saw triple-digit top-line growth and an increase in vehicle margins Q/Q, despite a price war in the EV market.Li Auto's impressive delivery outlook for Q3 supports the investment thesis, but risks include growing competition and a deteriorating pricing environment.sefa ozelLi Auto $Li Auto(LI)$ reported much better than expected earnings for its second-quarter, due to strong demand for the company's electric vehicle products and industry-leading delivery growth rates. As I indicated in my work Why I Have Doubled My Position Ahead Of Q2, the EV company is the fastest-growing EV company regarding deliveries in its industry gr

SummaryA court has approved a settlement offer between AMC Entertainment Holdings, Inc. and investors, allowing the conversion of preferred equity units into common stock.The settlement will result in a reverse stock split and a decrease in the number of common shares, potentially leading to a convergence in prices between common stock and preferred equity units.The future of AMC Entertainment remains uncertain, with structural issues and a lack of true growth in the movie theater industry. Investors should approach the stock and preferred equity units with caution.lisegagneFrom time to time, markets can behave very irrationally. This also extends to individual companies. Oftentimes, but not always, this irrational behavior can be traced back to some specific event or circumstance. And whe

One has to believe $Plug Power(PLUG)$ can continue this Dog N Pony show for a few more years. They’ve been doing it for so long, they can actually get away with it. Bring in a proposed expansion or affiliation with another country etc once a quarter and BOOM, it’s good for a pop. Than, when ER is due, claim the same story abt production and being behind. That’s PLUG.But, now with Gas Prices going up, the talking heads will revive the Hydrogen Power Theory…In actuality it’s The Father of $Gevo(GEVO)$, which is the Mother of all Bagholders

SummaryWeWork's inclusion of a "going concern" statement in their 10-Q filing caused a sharp drop in their stock price after the close on August 8.This ASU No. 2014-15 (subtopic 205-40) "going concern" statement by management is not the same as a going concern statement by auditors in an annual report.WeWork plans to reduce costs, increase revenue, control expenses, and seek additional capital to alleviate the going concern issue.WeWork will run out of cash by early next year if they continue to burn cash at the same rate as in 2Q.Justin Sullivan/Getty Images NewsAs expected, WeWork $WeWork(WE)$ included a "going concern" statement in their 10-Q filed after the close on August 8, which caused a major drop in the stock during after-hours tr

Some people wrongly understood that Novavax reduced total forecast by $100m. No. They didn’t.Novavax $Novavax(NVAX)$ are still expecting to get $1.4-1.6B into its pocket. As they said in Q1 EC.CEO John Jacobs explained to CNBC.The new guidance does not include $100 million in cash that Canada paid during the second quarter – an amount that "would have been revenue" had the parties completed the transaction, he said."We're still on track for the revenue, but we'd rather have it in cash," Jacobs told CNBC. "That's a good thing for Novavax." It means that income from cash transfers and sales revenues stayed at $1.4-1.6B as Q1 guidance but the income of $100m delivered in cash is not considered (accounting wise) as revenue ( just because no doses

But seriously. . . .I've wanted to buy SNOW $Snowflake(SNOW)$ since before it IPO'd. I felt the IPO price was way too high and held back waiting for the customary drop that always follows. I'm glad I did. The thing is it opened so high that even with the drop in price it has had, it's still too expensive for my taste. I'm still waiting. I think its already high valuation is why it hasn't soared with most of the other AI related tech stocks over the last few months. I was hoping I was missing something and you would show me what it was. Alas, you have shown me that it is what it is. A stock with a 280 PE.I think it's a great company. I always have but that PE is way to rich for my taste and if the last few month are any indication, not necessarily

SummaryApple reported better-than-expected third-quarter results, with growth acceleration in the Americas, Europe, and China, and strong performance in Services.Total revenues declined by 1.4%, as 8% growth in Services was offset by a 4.4% decline in Products. FX-neutral revenues were slightly positive.Gross margins came in at 44.5%, another all-time record, and are expected to grow further in the fourth quarter.While the market is focused on short-term cyclicality in product sales, I view Apple's ecosystem as stronger than ever.I expect Apple will significantly exceed expectations and see growth materially improve in FY24. Thus, I reiterate a Buy rating with a price target of $203 per share.Yongyuan Dai/iStock Unreleased via Getty ImagesApple Inc. $

SummaryThe bulls and bears are divided over the future trajectory for Nvidia Corporation stock after the massive jump in 2023.The estimated total addressable market size in AI varies according to analysts, but we can say with a very high degree of certainty that Nvidia should be losing market share and margin.Advanced Micro Devices, Google, Meta Platforms, and other big competitors are looking to ramp up their AI chip efforts.Even though Nvidia could deliver strong revenue growth due to AI chip sales, a decline in market share and margins might lead to new questions about its long-term moat.Investors might not get good returns in a trillion-dollar company that is steadily losing market share.Justin SullivanNvidia Corporation $NVIDIA Corp(NVDA)$ st

SummaryLess than a year ago, Meta stock was sitting at $90/share. Today, the stock is within 15% from its all-time highs.Q2 earnings results confirmed a complete turnaround for the company.Revenue is accelerating, margins are improving, and the outlook for the company is brighter than ever.While I'm long-term bullish, the rally may be losing steam.Kelly SullivanInvestment ThesisA year ago, Meta $Meta Platforms, Inc.(META)$ was struggling due to Apple's $Apple(AAPL)$ privacy changes, which sent the stock crashing 75%. But fast forward to today, Meta is up 150%+ year to date and is almost back to its all-time highs.And recently, the company posted blowout Q2 earnings results, which saw the stock making

taking out high….slowly getting 95+ filled $Pinduoduo Inc.(PDD)$ Keep Flying, baby! It’s an undervalued stock.Would be nice if PDD partners with X. Apparently X will be the U.S. version of china’s WeChat.

SummarySnapchat has finally joined the tech rally.But the same competitive and macro headwinds pressuring the stock have not disappeared.The stock is not egregiously overvalued, but near-term catalysts are limited.I am downgrading the stock due to the poor performance relative to Meta Platforms.Jerod Harris/Getty Images EntertainmentSnapchat $Snap Inc(SNAP)$ crashed after its last earnings report and I immediately came to its defense due to the overly pessimistic valuation. I did not anticipate the stock to recover so quickly - to the tune of 50% in less than a quarter’s time. While valuations are not necessarily bubbly, especially if we assume an eventual recovery, I am of the view that there is now a mismatch between investor sentiment and the a

SummaryUnsurprisingly, TSM reports impacted top and bottom lines in FQ2'23, thanks to the pulled-forward growth from the hyper-pandemic period and ongoing inventory correction.This cadence may suggest that the foundry's key customers, such as AAPL, AMD, and INTC, are experiencing implosions of demand.The only bright spot may be NVDA, attributed to its astounding forward guidance from the robust Generative AI demand, temporarily absorbing TSM's excess capacity through its high-end GPUs.While we believe that the foundry may successfully execute in Arizona, its bottom line may also be impacted due to the tremendous gap in costs and work culture.While TSM is a Buy with a long-term PT of $147, investors must also keep abreast of the developing Chips War, despite the Generative AI's TAM of $150B

SummaryNvidia Corporation's exceptional performance is attributed to strategic actions taken several quarters ago.The company's products provide the immense computing power required for artificial intelligence.Nvidia's valuation puts investors in a tricky spot, with the stock valued at more than $1 trillion.pixdeluxeThe sensational run of artificial intelligence ("AI") leader Nvidia Corporation $NVIDIA Corp(NVDA)$ is not the result of recent efforts, but actions taken many quarters ago.I wrote over two years ago about Nvidia's positioning as the pick-and-shovel investment for a new age of technologies requiring the immense computing power Nvidia's products can provide.Nvidia's performance has outrun every reasonable expectation, min

The Pinduoduo $Pinduoduo Inc.(PDD)$ stock price fell by -0.581% on Wednesday, 19th Jul 2023 from $75.67 to $75.23. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 5.90% from a day low at $75.23 to a day high of $79.67. The price has been going up and down for this period, and there has been a 4.72% gain for the last 2 weeks. Volume has increased on the last day by 913 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 9 million shares were bought and sold for approximately $700.35 million.The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signal