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Nvdia in a virtuous cycle?
As highlighted, by Kakashii, Nvidia is somewhat fuelling their own growth by investing in AI startups which will purchase their AI chips! Indeed, Nvidia is one of generative AI’s most active investors. Let's review some of the deals the chipmaker is backing. Behind the scenes, Nvidia has been investing heavily in generative AI companies. The chipmaker’s overall deal activity has climbed dramatically in 2023 (see chart below)
Here's the list of the best performing IPO in the world so far in 2023 YTD
The world’s best-performing IPO stock this year is a little known Indonesian coal mining company that’s backed by one of Southeast Asia’s richest men. PT Petrindo Jaya Kreasi has soared more than 2,900% since it listed in March following a $25 million offering. Yet it still has no analyst coverage, is richly valued and has relatively low trading volumes. Counting Indonesian billionaire Prajogo Pangestu as its main shareholder, the company’s market value has grown by more than 25 times to $5.4 billion in just nine months. Indonesia has been one of the most vibrant markets for initial public offerings globally this year, partially helped by a boom in demand for renewable energy stocks. Petrindo, in particular, is among a cohort of Indonesian stocks that have posted unexplained gains and wild swings this year, reaping fortunes for their backers and leading to regulatory scrutiny. Source: Bloomberg, www.zerohedge.com
Charlie Munger, Warren Buffett's Partner and 'Abominable No-Man,' dies at 99
Munger helped Buffett, who was seven years his junior, craft a philosophy of investing in companies for the long term. Under their management, Berkshire avg an annual gain of 20.1% from 1965 through 2021 — almost twice the pace of the S&P 500 Index. Source: Bloomberg, HolgerZ
November has been a very long month of frustration for the bears
Source: Trend Spider
The way to build wealth, is over the long-term:
Source: Invest In Assets | Stock Market Investing 📈
Nothing new, but imagine the huge cash pile starts feeling the equities FOMO...
Source: BofA, TME
The "bad (macro) news is good (market) news" in one chart
Source: Michel A.Arouet, Bloomberg
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