Straight from the Desk
Syz the moment
Live feeds, charts, breaking stories, all day long.
- All
- us
- Food for Thoughts
- equities
- Bonds
- technical analysis
- sp500
- bitcoin
- Stocks
- inflation
- China
- macro
- Federal Reserve
- ETF
- investing
- Crypto
- performance
- Central banks
- AI
- earnings
- gold
- Rate
- Real Estate
- markets
- debt
- Commodities
- Treasury
- tech
- yield
- nvidia
- europe
- Germany
- Japan
- bank
- fed
- oil
- warren-buffett
- nasdaq
- cpi
- apple
- Forex
- useful
- interest
- humor
- interest-rates
- market cap
- GDP
- quotes
- dollar
- energy
- returns
- hedge fund
- magnificent-7
- geopolitics
- valuations
- asset
- india
- finance
- BOJ
- ECB
- sentiment
- crudeoil
- Swiss
- Volatility
- highyield
- economy
- recession
- vix
- options
- cash
- semiconductor
- growth
- mortgage
- Money Market
- tesla
- Positioning
- charts
- exports
- trading
- bubble
- ipo
- price
- EM
- ESG
- EV
- deficit
- sales
- UK
- assetmanagement
- bearish
- wages
- Flows
- copper
- credit-card
- revenue
- russia
- saudiarabia
- spending
- yen
- Election
- Turkey
- cocoa
- futures
- index
- meta
- profit
- watches
- EUR
- bankruptcy
- chart
- consumers
- supply
- unemployment
- Brazil
- airlines
- amazon
- car
- credit-rating
- cryptocurrencies
- currencies
- manufacturing
- seasonality
- $nycb
- Asia
- FUNDS
- Renewable
- insider
- spx
- FUND
- africa
- deflation
- investmentgrade
- jobs
- microsoft
- productivity
- sec
- sharebuybacks
- spy
- taiwan
- yuan
- Alternatives
- Hong Kong
- SMCI
- SuperBowl
- charlie-munger
- compounding
- concentration
- debt-ceiling
- france
- lvmh
- msci
- pricing-power
- private markets
- smallcaps
- sustainable
- switzerland
- world-economy
- BOE
- Focus
- Industrial-production
- ceo
- chatgpt
- dowjones
- economic surprise
- ethereum
- fixed income
- greed
- halvings
- income
- leadership
- liquidity
- luxury
- moneydebasement
- retirement
- russel2000
- savings
- silver
- tax
- world
- EM Sovereign
- Granolas
- Market Outlook
- Nikkei
- TIPS
- brics
- corporate
- cost-of-living
- demographics
- dividend
- emerging-markets
- fashion
- gas
- greece
- jpmorgan
- lending
- monetarypolicy
- opec
- saudiaramco
- snb
- storytelling
- trump
- unicorn
- valentine's-day
- venture capital
- vietnam
- Beware
- CTAs
- Coinbase
- Convexity
- Crypto corner
- Deindustrialization
- GlobalAgg
- Italy
- Marketing
- Nestle
- Precious-Metals
- Rally
- SoftBank
- ToyotaMotor
- UAE
- bankrupt
- behavior
- booking.com
- calls
- childbirth
- cisco
- climate
- coal
- cobalt
- cocacola
- construction
- counterparty-risk
- cta
- design
- dragonyear
- elon musk
- eurozone
- fees
- financial-stress
- football
- golf
- hedgeye
- hungary
- imf
- intel
- international-women's-day
- job-cuts
- korea
- kpi
- lng
GPUs are harder to get than drugs...
Companies are desperate for GPUs (A graphics processing unit (GPU) is a specialized electronic circuit initially designed to accelerate computer graphics and image processing). Source: TME, CB Insights
$NVDA has rallied $222 per share in 2024.
Nvidia has 2.47 Billion shares outstanding. That's $222/share × 2.47B shares = $548B USA's largest bank, JP Morgan $JPM, has a total market cap of $504 Billion Said another way, Nvidia has added 1.1 x $JPM to its market cap in one month. Source: Trend Spider
Is nvidia the most fundamentally sound rally ever?
Chart below shows NVDA free cash flow per share vs share price. Source: TME, Goldman
Nvidia was only worth $9bn 10 years ago and is now worth almost $1.7tn, i.e. 184 times as much.
Source: HolgerZ, Bloomberg
$NVDA's top 4 customers account for 40% of revenues, and every one of them is actively working on their own custom AI silicon.
AI capex will keep flowing to NVDA in the short run, but what will happen when initial training is done and inference is done locally? Source: Supreme Bagholder
Investing with intelligence
Our latest research, commentary and market outlooks