$Broadcom (AVGO.US)$ Broadcom Q4 FY24 (October quarter).
VMWare acquisition completed in November 2023 (impacting infrastructure software segment).
• Revenue +51% Y/Y to $14.1B (in-line).
• Non-GAAP EPS $1.42 ($0.03 beat).
• Dividend raised by 11% to $0.59.
Q1 FY25 guidance:
• Revenue ~$14.6B (in-line).
• Adjusted EBITDA margin ~66%.

Why do I still believe % $NVIDIA (NVDA.US)$ will hit $200 before it hits $100?
• $Alphabet-A (GOOGL.US)$ ordered 400K GB200 chips valued at $10B.
• $Microsoft (MSFT.US)$ purchased 60K GB200 chips worth $2B.
• $Meta Platforms (META.US)$ acquired 360K GB200 chips for $8B.
Demand for Nvidia's Blackwell chip is absolutely INSANE

Bullish on $Amazon (AMZN.US)$
The wave of discounting has become more competitive heading into the holidays, and grocery retailers are no exception. Food eaten at home was just 1.1% pricier last month than the same time last year, compared with the 2.6% average run-up in consumer prices overall.
Both Target and Aldi have rolled out Thanksgiving deals priced lower than last year. $Target (TGT.US)$ is offering a $20 Thanksgiving meal f...

$iShares Bitcoin Trust (IBIT.US)$ Options trading = more ways to win big (or lose gracefully 😅). Either way, it’s a huge W for the crypto community. What’s your next move?

A potential negative read-through to $NVIDIA (NVDA.US)$ .
$Alphabet-C (GOOG.US)$ Capex is expected to be flat from Sep to Dec.
This might get picked up as negative on Nvidia given expectations are that Capex comments from Hyperscalers should be up and to the right.
My take: I think Nvidia's numbers will be fine because the AI growth will spread out past the Hyperscalers in the quarters to come and separately Nvidia can't keep up with demand for the next several quarters. 
Here are the num...

This chart shows you very clear how early we still are in the AI chip demand story for a company like $Taiwan Semiconductor (TSM.US)$ .
1. HPC compute just recently upticked and should continue to grow fast with both training and especially inference LLM demand.
2. Smartphone demand still low, but a new upgrade cycle is expected as some SLMs will run on the edge.
3. If we see the rise of AVs in the next years $TSM's Automotive segment should benefit greatly here.

🏆 $JPMorgan (JPM.US)$ Surprise Outlook
🇺🇸 $Bank of America (BAC.US)$ Global Markets Accelerate
🏢 $Wells Fargo & Co (WFC.US)$ Fees Offset NII Pressure
👔 $Morgan Stanley (MS.US)$ Wealth Unit Rebounds
📈 $Goldman Sachs (GS.US)$ Pent-up Demand
💹 $Charles Schwab (SCHW.US)$ Turning Point
🔄 $Citigroup (C.US)$ Turnaround in Progress

Streaming 41.0% (+3.5pp Y/Y).
• YouTube 10.6% (+1.6pp Y/Y).
• Netflix 7.9% (+0.1pp Y/Y).
• Prime Video 3.6% (flat Y/Y).
• Disney+ 2.5% (+0.6pp Y/Y).
• Hulu 2.4% (-1.2pp Y/Y).
Source: Nielsen. $Alphabet-C (GOOG.US)$ $Netflix (NFLX.US)$ $Amazon (AMZN.US)$ $Disney (DIS.US)$

$NVIDIA (NVDA.US)$ is widening the R&D gap with its closest competitor. Annualizing last quarter's R&D spend, NVDA is investing now almost at twice the level of $Advanced Micro Devices (AMD.US)$ . And the latter will have to split R&D between GPUs, CPUs and FPGAs, whereas NVDA can fully focus on building out the AI stack.