Lucas Cheah : $XPeng (XPEV.US)$
Key Revenue Drivers & Growth Catalysts
1. Strong Vehicle Deliveries & Sales Growth
o XPeng delivered 91,507 vehicles in Q4 2024, marking a 52.1% YoY increase and a 96.6% rise from the previous quarter.
o The G6 SUV and X9 MPV models contributed significantly to the strong delivery numbers.
o XPeng’s X9 MPV and new models could drive premium sales and increase its ASP (Average Selling Price), helping improve profit margins.
2. International Expansion & Smart Driving Technology
o XPeng is expanding into European and Southeast Asian markets, increasing its revenue base.
o Its XPilot autonomous driving technology and partnership with Volkswagen are key differentiators in the EV space.
Challenges & Risks
• Intense Competition from Tesla, Nio, and BYD in the Chinese EV market.
• Economic Slowdown in China affecting EV demand.
Outlook
XPeng is positioned for continued revenue growth, but profitability remains a key challenge. Its focus on technology, cost efficiency, and global expansion makes it a long-term EV player to watch.
$Tencent (TCEHY.US)$
Key Revenue Drivers & Growth Catalysts
1. Gaming Revenue Recovery
o Tencent remains the largest gaming company globally, with hits like Honor of Kings and PUBG Mobile.
o Gaming revenue grew by 7% YoY in 2024, and new game releases in 2025 could accelerate growth.
2. Cloud & AI Investments
o Tencent Cloud’s AI-driven services and enterprise cloud adoption are boosting revenue.
o The company is leveraging AI and big data to enhance digital advertising.
3. WeChat & Fintech Growth
o WeChat Pay and Tencent’s fintech services continue to expand, generating significant transaction-based revenue.
o Advertising revenue rebounded 8% YoY in Q4 2024, driven by higher engagement across WeChat ecosystem.
o WeChat Pay’s integration into global platforms and e-commerce ecosystems could drive transaction growth and monetization.
Challenges & Risks
• China’s regulatory environment remains a risk for gaming and fintech operations.
• Cloud business faces competition from Alibaba Cloud and Huawei Cloud.
Outlook
Tencent’s diversified business model, gaming recovery, cloud growth, and fintech expansion, support a strong long-term earnings outlook
$Micron Technology (MU.US)$
Key Revenue Drivers & Growth Catalysts
1. AI-Driven Demand for Memory Chips
o Micron’s HBM (High Bandwidth Memory) chips are in high demand due to AI and data center expansion.
o Micron’s partnership with Nvidia for HBM chips could significantly boost revenue as AI adoption scales up.
2. Rebounding DRAM & NAND Market
o DRAM prices rebounded 20% in 2024, and further price increases are expected in 2025.
o NAND flash memory prices are stabilizing, helping improve margins.
3. Expansion in Automotive & Mobile Markets
o Micron’s automotive and mobile DRAM products are growing, driven by EVs and 5G smartphone adoption.
Challenges & Risks
• Cyclical nature of the semiconductor industry could lead to demand fluctuations.
• China’s trade restrictions could impact sales to key customers.
Outlook
Micron is well-positioned to benefit from AI and cloud computing growth, but geopolitical risks and cyclical pricing remain challenges.
$NIO Inc (NIO.US)$
Key Revenue Drivers & Growth Catalysts
1. Strong Vehicle Delivery Growth
o Nio’s EV deliveries grew 42.7% YoY in 2024, reaching 240,000 units.
o The ET7, ES8, and EC7 models are driving premium sales.
2. Battery Swap Network & Energy Solutions
o Over 2,500 battery swap stations deployed, enhancing customer convenience.
o Nio’s Battery-as-a-Service (BaaS) model helps lower upfront EV costs, boosting adoption.
o Nio’s Battery-as-a-Service model differentiates it from Tesla and BYD, attracting cost-conscious customers.
3. International Expansion
o Entry into Germany, the Netherlands, and the UK is expanding its global footprint.
Challenges & Risks
• Continued net losses due to high R&D and expansion costs.
• Competition from Tesla, XPeng, and BYD in China’s premium EV segment.
Outlook
Nio’s revenue growth remains strong, but profitability and cost efficiency improvements are needed.

Lucas Cheah : On the market holiday, I read articles from The Edge Malaysia, which I subscribe to, to keep up with what is happening in the market.

Lucas Cheah : $Oracle (ORCL.US)$
Key Revenue Drivers & Growth Catalysts
1. Cloud Services Expansion: Oracle's cloud services and license support revenues have significantly contributed to its growth.
2. Artificial Intelligence (AI) Integration: The company's investments in AI are expected to enhance its cloud offerings, potentially boosting future revenues.
3. Strategic Partnerships: Collaborations like the Stargate joint venture with OpenAI and SoftBank are anticipated to drive innovation and growth in Oracle's service offerings.
Challenges & Risks
• Currency Fluctuations: A stronger U.S. dollar could negatively impact Oracle's international revenues.
• Market Competition: The cloud services sector is highly competitive, with major players like Amazon Web Services and Microsoft Azure posing significant challenges.
In conclusion, Oracle's focus on cloud services and AI integration positions it well for future growth. However, external factors like currency fluctuations and intense competition remain potential hurdles.
$Futu Holdings Ltd (FUTU.US)$
Key Revenue Driver & Growth Catalyst
1. User Base Expansion: Futu has experienced significant growth in its customer base, contributing to increased trading volumes and revenues.
Challenges & Risks
• Regulatory Environment: As a financial services firm operating in multiple jurisdictions, Futu faces potential regulatory challenges that could impact its operations.
• Market Volatility: Fluctuations in global financial markets can affect trading volumes and, consequently, Futu's revenue streams.
In conclusion, Futu's robust user growth and anticipated earnings increase position it favorably in the financial services sector. However, vigilance regarding regulatory changes and market conditions is essential.
$Li Auto (LI.US)$
Key Revenue Driver & Growth Catalyst
1. Market Position: Li Auto's focus on extended-range electric vehicles caters to consumer preferences for longer driving ranges, enhancing its competitiveness.
Challenges & Risks
• Market Visibility: Concerns about the clarity of Li Auto's growth outlook for 2025 suggest potential uncertainties in market demand or operational execution.
• Competition: The electric vehicle market is becoming increasingly crowded, with established automakers and new entrants intensifying competition.
In conclusion, Li Auto's projected revenue and earnings growth indicate a positive trajectory. However, uncertainties regarding its growth outlook and the competitive landscape warrant careful monitoring.

Lucas Cheah : $JD.com (JD.US)$
Key Earnings Drivers & Growth Catalysts
1. E-commerce & Logistics Expansion
o JD.com continues to invest in logistics and supply chain efficiency, reducing delivery times and improving service quality.
o Its "Tmall Luxury Pavilion" competitor has helped attract high-end brands and wealthier consumers, boosting average order values.
2. Cloud & AI-Driven Services
o JD Cloud's revenue has grown due to AI and digital transformation demand, positioning JD.com as a tech-driven e-commerce giant.
Challenges & Risks
• Macroeconomic Uncertainty: China’s economic slowdown has impacted discretionary spending.
• Intense Competition: Rivals like Alibaba and Pinduoduo are aggressively capturing market share with discount-based strategies.
• Regulatory Scrutiny: The Chinese government’s regulations on e-commerce and fintech may impact growth prospects.
Outlook
JD.com is expected to maintain moderate growth in 2025, driven by advancements in cloud services and logistics. However, competitive pressure and regulatory uncertainties remain risks. JD’s logistics arm expansion into Southeast Asia aims to diversify revenue streams and reduce domestic market reliance.
$Broadcom (AVGO.US)$
Key Earnings Drivers & Growth Catalysts
1. AI & Custom Chip Demand
o Its networking chips are essential for AI data centers, with demand driven by Google, Meta, and Microsoft.
2. Acquisition of VMware
o Broadcom’s $69 billion VMware acquisition is expected to contribute $5 billion in incremental annual revenue.
Challenges & Risks
• Chip Cycle Volatility: Semiconductor demand fluctuations could impact Broadcom’s long-term growth.
• Regulatory Scrutiny on M&A: Global regulators may impose additional compliance measures post-VMware integration.
Outlook
Broadcom is expected to be a major AI hardware supplier, positioning itself as a long-term semiconductor leader.
$Rigetti Computing (RGTI.US)$
Key Earnings Drivers & Growth Catalysts
1. Quantum Computing Growth Potential
o Rigetti Computing is one of the few publicly traded pure-play quantum computing firms, focusing on superconducting quantum processors.
2. Government & Enterprise Contracts
o Rigetti secured a multi-year contract with the U.S. Department of Energy, boosting credibility and future revenue.
o Increased partnerships with cloud providers are helping scale quantum computing solutions.
Challenges & Risks
• High R&D Costs: The company remains unprofitable, with heavy research & development expenses impacting cash flow.
• Market Uncertainty: Quantum computing commercialization is still 5-10 years away from mass adoption.
Outlook
Rigetti remains a high-risk, high-reward stock, with long-term potential dependent on technological breakthroughs.

Lucas Cheah : $NVIDIA (NVDA.US)$ Earnings Prospects
Key Earnings Drivers
1. Explosive Growth in AI & Data Centers
• The company’s H100 AI GPUs are a critical component in AI-driven cloud computing, fueling demand from Google Cloud, AWS, and Microsoft Azure.
• The launch of Blackwell AI GPUs in 2025 is expected to further strengthen Nvidia’s market leadership in AI computing.
• With OpenAI, Google DeepMind, and Meta ramping up AI model training, demand for Nvidia's AI accelerators is at an all-time high.
2. Gaming Revenue Recovery
• The GeForce RTX 40 Series GPUs continue to drive strong sales, benefiting from high demand for real-time ray tracing and AI-powered gaming features.
• Increased game streaming adoption and esports growth support further gaming GPU demand.
• Nvidia’s DLSS (Deep Learning Super Sampling) AI technology enhances game performance and has become a staple in next-gen gaming.
3. Expansion into Automotive & Omniverse
• Nvidia's Omniverse and digital twin technologies are gaining traction in industrial applications, including robotics and autonomous manufacturing.
• Mercedes-Benz is integrating Nvidia’s AI-powered self-driving systems into its next-generation vehicles, strengthening long-term revenue streams.
Challenges
1. Supply Chain Constraints
• Chip shortages and high demand for H100 and Blackwell GPUs may cause longer lead times, impacting near-term revenue growth.
• Nvidia has outsourced production to TSMC, making it dependent on third-party suppliers for advanced semiconductor manufacturing.
• A capacity shortage at TSMC could delay shipments of Nvidia’s next-gen AI chips, potentially slowing earnings momentum.
2. Geopolitical & Regulatory Risks
• U.S. export restrictions on high-end AI chips to China could impact Nvidia’s revenue, as China accounts for ~15% of total sales.
• Increased regulatory scrutiny over AI chip dominance could result in trade limitations or stricter compliance measures.
• The U.S. government recently imposed new restrictions on Nvidia’s A100 and H100 AI chips, forcing the company to create modified versions for the Chinese market.
Growth Opportunities
1. Generative AI & Cloud Partnerships
• Enterprise AI adoption is accelerating, and Nvidia is at the center of this transformation.
• Deep partnerships with Google, Microsoft, and AWS position Nvidia as the go-to provider of AI computing hardware.
• Google Cloud recently announced TPU-Nvidia AI hybrid solutions, integrating Nvidia’s AI hardware with its cloud-based AI services.
2. Supercomputing & High-Performance Computing (HPC)
• Governments, universities, and research institutions continue to invest in AI supercomputing infrastructure.
• Nvidia’s Grace Hopper Superchip and Blackwell AI accelerators are designed to dominate the HPC space.
• NASA and the U.S. Department of Energy are deploying Nvidia-powered AI supercomputers to accelerate scientific research.
In conclusion, despite risks, Nvidia remains the AI market leader, with sustained demand for its chips across multiple industries. Nvidia’s dominance in AI infrastructure, cloud computing, and HPC makes it one of the most promising stocks for 2025 and beyond.

Lucas Cheah : I predict the closing price to be 133.33