Chart #2 —
Nvidia up by almost half a trillion dollars in one week
There seems to be no end in sight for Nvidia shares. While its 2024 performance and that of recent years were already spectacular, the stock continues to soar after the release of its quarterly results. In the space of a week, market capitalisation has risen by around $450 billion, the size of LVMH...
Source : Quartr
Chart #3 —
Putting Nvidia's market capitalisation into perspective
With a market capitalisation of $2.8 trillion, Nvidia is now worth considerably more than the entire German market ($2.5 trillion for the DAX index).
Germany used to be recognised as a world leader in technology, engineering, and innovation. It was the German Gutenberg who invented the printer. Röntgen, another German, discovered X-rays. Not so long ago, the German companies Siemens, Bosch and Daimler-Benz (Mercedes) were among the world's industrial giants.
Times are changing... Europe will have to reinvent itself.
Source: Jon Erlichman
Chart #4 —
Nvdia shares cheaper than a year ago
The higher the share price, the more expensive it is. Isn't that so? Well, that's not always the case. A year ago, when Nvidia was trading at $277, its earnings per share were $0.82 and its price/earnings ratio 147 times. Today, Nvidia's share price has risen by almost 284% to over $1,060. But at the same time, its earnings per share have risen by 629% to reach $5.98. De facto, its P/E fell to 62x... the P/E calculated based on expected earnings is now 30x. Nvidia shares are therefore cheaper today than they were a year ago...
Source: Adam Khoo Trader, Piranha Profits
Chart #5 —
The cost of servicing US debt is set to explode in the years ahead
In the US, net interest payments on debt as a percentage of GDP are expected to reach 3.9% by 2034, the highest level in history. This percentage exceeds the all-time record set in the 1990s, as well as World War II levels. According to the Congressional Budget Office (CBO), net interest is expected to account for 75% of the increase in the budget deficit over the next decade. Indeed, interest expense has already DOUBLED in the space of three years, and now costs the U.S. around $2 billion a day. What's the worst? These projections assume that there will be no recession in the next ten years. What happens if the US goes into recession and resorts to even more debt to sustain its economy?
Source : The Kobeissi Letter
Chart #6 —
Apple's share buyback programme exceeds the average size of S&P 493 companies by 1.7 times.
In its Q1 results, Apple announced a $110 billion share buyback programme. Excluding the “Mag 7” of the S&P 500 index, the average market capitalisation of the S&P 493 is around $65 billion.
The share buyback programme announced by Apple is therefore 1.7 times larger than the average size of S&P 493 companies...
Source: David Marlin
Chart #7 —
More than half of the largest hedge funds now hold bitcoin spot ETFs
534 institutions managing more than $1 billion in assets now hold bitcoin ETFs, according to bitcoin app River. In a blog published last week, River reports that more than 534 entities, each managing over $1 billion in assets, have now incorporated bitcoin ETFs into their portfolios. Bitcoin holders now include hedge funds, pension funds and insurance companies, underscoring bitcoin's widespread acceptance, the blog wrote. More than half of the top 25 hedge funds in the U.S. now have exposure to bitcoin.
Source: ZeroHedge, river
Disclaimer
This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document.
Related Articles
As the U.S. election approaches tomorrow, history shows little long-term S&P 500 impact from election outcomes, while global economic forces like SNB profits and ChatGPT’s energy demands drive market dynamics. Each week, the Syz investment team takes you through the last seven days in seven charts.
Kamala Harris boosted by The Magnificent 7, global gold reserves surpass the euro as central banks' second most held asset, and de-euroisation vs. de-dollarisation. Each week, the Syz investment team takes you through the last seven days in seven charts.
Nvidia's market capitalisation possibly overtaking the Nikkei index, investors back the Magnificent 7, and global easing accelerates. Each week, the Syz investment team takes you through the last seven days in seven charts.