AI and Global Deep Tech, Mint Finance

Uttkarsh Kohli

AI and Global Deep Tech

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Equity Bottom-Up

<ul>
<li>NVIDIA's dominance in AI GPUs, with 80% market share, has driven data center revenue growth by 427% YoY, with analysts expecting a 112% YoY revenue increase to $28.68 billion.</li>
<li>NVIDIA's GPUs are crucial for AI workloads, with significant adoption by cloud giants like AWS and Microsoft Azure. AI-specific chips are expected to drive 40% of 2024 revenue.</li>
<li>47 out of 61 analysts rate NVIDIA a strong buy, with average 12-month price targets showing 13% upside, reflecting confidence in its AI leadership despite potential market volatility.</li>
</ul>


NVIDIA's dominance in AI GPUs, with 80% market share, has driven data center revenue growth by 427% YoY, with analysts expecting a 112% YoY revenue increase to $28.68 billion.
NVIDIA's GPUs are crucial for AI workloads, with significant adoption by cloud giants like AWS and Microsoft Azure. AI-specific chips are expected to drive 40% of 2024 revenue.
47 out of 61 analysts rate NVIDIA a strong buy, with average 12-month price targets showing 13% upside, reflecting confidence in its AI leadership despite potential market volatility.


[Q2 Earnings Preview] NVIDIA To Maintain AI GPU Leadership As Revenues Surge

<ul>
<li>
Diverse AI Portfolio: Microsoft’s diversified AI investments, including partnerships with G42 and Mistral AI, reduce reliance on OpenAI and ensure continued innovation across multiple AI ventures.</li>
<li>
Azure’s Competitive Edge: The partnership with OpenAI strengthens Azure’s position by offering exclusive AI-driven cloud services, boosting demand from enterprises seeking advanced automation and productivity tools.</li>
<li>
Industry Leadership: As AI investment intensifies across the tech sector, Microsoft’s significant spending outpaces peers, positioning the company as a frontrunner while highlighting competitive pressures in the growing AI landscape.</li>
</ul>



Diverse AI Portfolio: Microsoft’s diversified AI investments, including partnerships with G42 and Mistral AI, reduce reliance on OpenAI and ensure continued innovation across multiple AI ventures.

Azure’s Competitive Edge: The partnership with OpenAI strengthens Azure’s position by offering exclusive AI-driven cloud services, boosting demand from enterprises seeking advanced automation and productivity tools.

Industry Leadership: As AI investment intensifies across the tech sector, Microsoft’s significant spending outpaces peers, positioning the company as a frontrunner while highlighting competitive pressures in the growing AI landscape.


Microsoft's Billion Dollar Bets on OpenAI & G42; Azure to Benefit from Industry Growth

Podcast On the Business of Semiconductors, The Circuit

The Circuit

Podcast On the Business of Semiconductors

A Podcast On the Business of Semiconductors. With Jay Goldberg and Ben Bajarin

Thematic (Sector/Industry)

<ul><li>Technological advancements are leading to a tectonic shift in computing</li><li>Companies are currently over investing in infrastructure build out for future potential</li><li>There are concerns about the long-term monetization and financial implications of these investments</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Technological advancements are leading to a tectonic shift in computingCompanies are currently over investing in infrastructure build out for future potentialThere are concerns about the long-term monetization and financial implications of these investmentsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Episode 80: Viewing AI Compute Demands as a Tectonic Shift for Semiconductor Design

Blue Lotus China New Economy Research, Blue Lotus Research Institute

Eric Wen

Blue Lotus China New Economy Research

China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

<ul>
<li>From C1Q24 results we concluded that media platforms with large, untapped and preferably contextual traffic tend to benefit the most from Generative AI (GAI). C2Q24 largely trended the same line;</li>
<li>But Google is experimenting with inserting ads above or below the AI Overview Box. We hold reservation on the result but Baidu can likely copy;</li>
<li>New growth emerged in AI Agent with API calls on Microsoft Azure, Google, Linked-In and Snap showing accelerated sequential growth. AI agent is likely the next hot spot in GAI.</li>
</ul>


From C1Q24 results we concluded that media platforms with large, untapped and preferably contextual traffic tend to benefit the most from Generative AI (GAI). C2Q24 largely trended the same line;
But Google is experimenting with inserting ads above or below the AI Overview Box. We hold reservation on the result but Baidu can likely copy;
New growth emerged in AI Agent with API calls on Microsoft Azure, Google, Linked-In and Snap showing accelerated sequential growth. AI agent is likely the next hot spot in GAI.


A Few Signs Beyond Advertising Optimization In GAI Commercialization

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>A Reuters <a href="https://www.reuters.com/markets/deals/cybersecurity-firm-trend-micro-explores-sale-sources-say-2024-08-08/" target="_blank" rel="noopener">article</a> overnight says Trend Micro might be up for sale. This caused the ADRs to jump 10% overnight. The remaining co-founders are 65 and 70 this year. </li>
<li>The stock has effectively gone sideways the last few years as Value Act has been activisting. Now one has to exercise one's imagination to think about a possible sale price. </li>
<li>On a DCF basis, a PE fund couldn't reasonably do this. Multiples are too high. That means a strategic buyer would be more likely. But Who? Why? And How much?</li>
</ul>


A Reuters article overnight says Trend Micro might be up for sale. This caused the ADRs to jump 10% overnight. The remaining co-founders are 65 and 70 this year. 
The stock has effectively gone sideways the last few years as Value Act has been activisting. Now one has to exercise one's imagination to think about a possible sale price. 
On a DCF basis, a PE fund couldn't reasonably do this. Multiples are too high. That means a strategic buyer would be more likely. But Who? Why? And How much?


Trend Micro (4704) Up For Sale? Would Be a HUGE Buyout But How Huge? And Who?

United States

Alphabet, Inc. operates as a holding company. The Company, through its subsidiaries, provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce, and hardware products.

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Alphabet (GOOG US)

[Q2 Earnings Preview] NVIDIA To Maintain AI GPU Leadership As Revenues Surge

Nvidia’s Q2 earnings are expected to reveal a 112% YoY revenue increase to $28.68B, driven by explosive growth in data centre revenues and robust...

Mint Finance

Microsoft's Billion Dollar Bets on OpenAI & G42; Azure to Benefit from Industry Growth

Microsoft's AI investments include $10B in OpenAI, $1.5B in G42, and $2.1B in Mistral AI. Azure's exclusivity with OpenAI ensures revenue. Leading...

Mint Finance

Episode 80: Viewing AI Compute Demands as a Tectonic Shift for Semiconductor Design

The industry is undergoing a tectonic shift driven by AI, leading to infrastructure build-out and financial concerns, with winners and losers yet...

The Circuit

A Few Signs Beyond Advertising Optimization In GAI Commercialization

C2Q24 Generative AI (GAI) showed increased uptake from US Internet companies. AI agent activities are on the rise, particularly in mid-sized...

Blue Lotus Research Institute

Trend Micro (4704) Up For Sale? Would Be a HUGE Buyout But How Huge? And Who?

Trend Micro - target of Value Act which has gone sideways for 2 years - is apparently considering a sale. Founders are 65-70. They need new...

Travis Lundy

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