To The Moon

While American chipmaker Nvidia's ($NVIDIA(NVDA)$) earnings release for Fiscal Year 2025 (FY 2025), that ended on the last day of January 2025, was positive as expected, the market's reaction was rather cool. On the day of the earnings release – the 25th of February – the stock had dipped 2.8% from the previous day's close. On the 26th, however, it rose 3.7% - essentially marking a mere 1% premium. On the 27th, it fell a staggering 8.5%.  Line item trends, while extremely encouraging at first blush, are heavy with nuance that seemingly explains why the majority of major market participants are "politely positive" as opposed to "uproariously bullish" on the stock's forward outlook. Trend Drilldown In overall terms, revenue trends are positive

China's Amazon equivalent (and a lot more), Alibaba Group Holding Limited ($Alibaba(BABA)$) is dual listed as an "American Depositary Share" in U.S. bourses and as a stock ($BABA-W(09988)$) in the Hong Kong Stock Exchange (HKEX). The company's earnings release on the 20th of February marked the first three quarters ("9M") for its Fiscal Year 2025 (FY 2025). The resulting effect on the two tickers is fascinating: on the 20th, the U.S. ticker rose by 8% while the HKEX ticker fell by 3% over the previous day's close. On the 21st, both tickers rose by 6% and 15% respectively. On the 22nd, they fell by 10% and 2% respectively.  This form of performance imputed on a high-conviction mega-stock clearly

Since the release of its earnings for Fiscal Year (FY) 2024 on the 13th of February through the 20th, the stock price of global cryptocurrency exchange Coinbase Inc ($Coinbase Global, Inc.(COIN)$) has dropped by almost 14%. Going by line item trends, this flies in the face of overall trends.  Trend Drilldown Net revenues in FY 2024 saw a solid 115% increase in year-on-year (YoY) terms, along with some interesting line item trends being confirmed. Stablecoins see a retreat in revenue contributions, leading to a 11% reduction in the contribution of "Subscription and Services" to net revenue. "Transactions", meanwhile, saw a staggering 162% increase in revenues being contributed in early signs of 2022's highs hovering into sight for this segment

Server and storage solution manufacturer Super Micro Computer, Inc. (NASDAQ: $SUPER MICRO COMPUTER INC(SMCI)$) – better known as "Supermicro" – has been having a rough time of late. In October last year, their long-time auditor Ernst & Young ended their association, stating that it no longer had confidence in management’s statements and no longer wanted to be associated with the financial reports prepared. The company reported a month later that it has now retained BDO USA as its auditor to stay compliant with listing requirements at Nasdaq. Ernst & Young's decision was preceded by the U.S. Department of Justice (DoJ) opening an investigation into the company following an exposé alleging "accounting manipulation" by now-defunct s

Over the past one year till date, the price performance of Bitcoin ($Grayscale Bitcoin Mini Trust(BTC)$) has been staggering, with a nearly 127% increase since the 14th of December last year till early trends on the 16th of December. This increase in interest (and valuation) is reflected in the rise of Coinbase Inc ( $Coinbase Global, Inc.(COIN)$) - the premier exchange of choice for a rising number of large institutional investors for all products crypto-related - wherein its stock has risen 109% in the same period.  Bitcoin vis-à-vis Fiat Currencies (Mostly the Dollar) Bitcoin has long been touted as a viable alternative - mostly the U.S. dollar in the face of U.S. government debt continuing to pile

American chipmaker Nvidia Inc's ($NVIDIA Corp(NVDA)$) earnings release for Q3 2024 (or "FY 2025" in their reporting convention) wasn't expected to be a disappointment and it certainly wasn't: adjusted earnings per share (EPS) came in at $0.81 cents against an expectation of $0.75 while revenue ran at $35.08 billion versus an expectation of $33.16 billion.  However, the share price instantly plunged 2% in after-hours trading and an overall "deceleration" in share price growth is being implied. The reasons for this are somewhat complex.  Trend Drilldown In terms of revenue, the company's line item trends have plenty to cheer. As one drills down through different layers, however, there is some signs of dampening.  Note: The a

Chinese “pure play” electric vehicle carmaker NIO Inc. ($NIO Inc.(NIO)$ or $NIO Inc.(NIO.SI)$ ) — a long-touted “Tesla Killer” — announced its second quarter (Q2) earnings for its Fiscal Year (FY) 2024 on the 5th of September. By no means was the stock a massive earner in the Year Till Date (YTD) until then. However, the stock had risen by a massive 47.35% from a month before the earnings release. Since the release and as of the 11th, the stock has held steady. Early trends for the 12th indicate a significant downturn in the single-digit percentage range. Interestingly, the bulk of the price accrual seen in the American Depositary Share (ADS) noticeably occurred during the first week of Se

Leading AI-relevant chipmaker Nvidia Inc's (ticker: $NVIDIA Corp(NVDA)$) earnings for its second quarter (Q2) beat analysts' consensus estimates by delivering $30.04 billion versus an expectation of $28.7 billion and adjusted earnings per share (EPS) of $0.68 versus an expectation of $0.64. Despite projecting $32.5 billion in revenue over the current quarter versus expectations of $31.7 billion and Chief Financial Officer Colette Kress expressing confidence in the company being able to several billion dollars in value of its next-generation Blackwell products (currently being tested as samples) in its fourth quarter, the company's stock dropped by 8% in extended trading. When markets opened, the stock fell another 6.38%.

Over the course of the second quarter (Q2) of the calendar year, a number of institutional investors – with Scion Asset Management run by Michael Burry of "The Big Short" fame finding particular mention in the media – loaded up on shares of China search giant Baidu, Inc ( $Baidu(BIDU)$ in the U.S.; $BIDU-SW(09888)$ in HK) as it floundered. The stock has notably not been doing well over the course of the Year Till Date (YTD) and its Q2 earnings were decidedly mixed: while revenue did drop on a quarter-on-quarter basis by 0.4%, it delivered ¥33.93 billion ($4.67 billion) as opposed to analysts' average estimate of ¥33.55 billion.  There are likely several factors behind the uptick in share "buy-i

In 2019, Jack Ma, the "chief founder" of Alibaba Group Holding Limited (ticker: $Alibaba(BABA)$), Jack Ma, stepped down as chairman and gave way to co-founder Daniel Zhang Yong who rapidly went on to be enter the roster of Time Magazine's 100 most influential people in 2020. Alibaba's sprawling business empire was long considered to be driven by those in the chairman's seat. This, however, changed in April 2023 when the company announced that it will split into 6 units - each of which will managed by its own CEO and board of directors. These units will be free to pursue independent fundraising and a public listing. Taiwanese-Canadian lawyer and long-time Hong Kong resident Joseph Chung-Hsin Tsai – who left a $700,000-a-year job with Sweden's Walle