Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

Taiwan Semiconductor (TSMC) - ADR / Equity Bottom-Up

<ul>
<li>Taiwan Tech Stocks Rally, But Lag Nvidia's Massive Rally; Prepare for Nvidia, Dell, HP Results Next Week</li>
<li>Hon Hai &amp; Zhen Ding Show No Major AI Slowdown; Taiwan AI Supply Chain Names Lag Nvidia's Rebound </li>
<li>TSMC Foundry 2.0: Strategic Shift Or Brand Tinkering? Why It Is Significant</li>
</ul>


Taiwan Tech Stocks Rally, But Lag Nvidia's Massive Rally; Prepare for Nvidia, Dell, HP Results Next Week
Hon Hai &amp; Zhen Ding Show No Major AI Slowdown; Taiwan AI Supply Chain Names Lag Nvidia's Rebound 
TSMC Foundry 2.0: Strategic Shift Or Brand Tinkering? Why It Is Significant


Taiwan Tech Weekly: Taiwan Rebound Lagging Nvidia; Why TSMC's 'Foundry 2.0' Is Significant

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>NVIDIA Corporation reported a robust Q4 with significant year-on-year growth, marking a strong finish to the fiscal year 2024.</li><li>The company generated a 265% year-on-year increase in revenue, standing at $22.1 billion, exceeding the projected figure of $20 billion.</li><li>The fiscal 2024 revenue was $60.9 billion, a 126% increase from the previous year.</li></ul>

NVIDIA Corporation reported a robust Q4 with significant year-on-year growth, marking a strong finish to the fiscal year 2024.The company generated a 265% year-on-year increase in revenue, standing at $22.1 billion, exceeding the projected figure of $20 billion.The fiscal 2024 revenue was $60.9 billion, a 126% increase from the previous year.

NVIDIA Corporation: What Are The 3 Biggest Challenges That Could Halt Its Dream Run? - Major Drivers

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

Debt Capital Markets

<ul><li>Nvidia emerges as a strong challenger in the semiconductor industry, while intel remains the dominant player</li><li>Intel makes significant strides in its foundry business, showcasing a clear focus on advanced nodes like 18A and 14A</li><li>Intel positions itself as a serious player in the foundry market, attracting key customers like Microsoft and building a strong ecosystem around its offerings</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Nvidia emerges as a strong challenger in the semiconductor industry, while intel remains the dominant playerIntel makes significant strides in its foundry business, showcasing a clear focus on advanced nodes like 18A and 14AIntel positions itself as a serious player in the foundry market, attracting key customers like Microsoft and building a strong ecosystem around its offeringsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

IFS Connect Takeaways | Nvidia Earnings as the New Semiconductor King

External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

<ul><li>Nvidia’s share price rose in after-hours trading post earnings.</li><li>Q4 revenue was US$22.1bn, up 265% YoY and 22% QoQ, exceeding company’s guidance of US$20bn by 10% and beating Bloomberg consensus by 8%.</li><li>GPM was 76%, steadily increasing from 74% during the previous quarter and 63.3% from FY4Q23. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nvidia’s share price rose in after-hours trading post earnings.Q4 revenue was US$22.1bn, up 265% YoY and 22% QoQ, exceeding company’s guidance of US$20bn by 10% and beating Bloomberg consensus by 8%.GPM was 76%, steadily increasing from 74% during the previous quarter and 63.3% from FY4Q23. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

Global Multi-Asset Investment Strategist

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

<ul>
<li>Nvidia's blowout earnings number is another example of how grasping exponential growth trends is extremely difficult for human investors.</li>
<li>Unlike what is often assumed, Nvidia, for now, qualifies as a quality stock, revealing relentless competitive power, low debt, and reasonable valuation.</li>
<li>Nvidia's weight with Quality ETFs is bigger than its weight in the MSCI World Index, adding to quality stock outperformance.</li>
</ul>


Nvidia's blowout earnings number is another example of how grasping exponential growth trends is extremely difficult for human investors.
Unlike what is often assumed, Nvidia, for now, qualifies as a quality stock, revealing relentless competitive power, low debt, and reasonable valuation.
Nvidia's weight with Quality ETFs is bigger than its weight in the MSCI World Index, adding to quality stock outperformance.


Nvidia: A Quality Stock that Shows Human Investors Are Unable to Discount Exponential Growth

United States

NVIDIA Corporation designs, develops, and markets three dimensional (3D) graphics processors and related software.  The Company's products provide interactive 3D graphics to the mainstream personal computer market.

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NVIDIA Corp (NVDA US)

Taiwan Tech Weekly: Taiwan Rebound Lagging Nvidia; Why TSMC's 'Foundry 2.0' Is Significant

Taiwan tech stocks rally but lag behind Nvidia; focus on upcoming results from Nvidia, Dell, and HP. TSMC's strategic shift to Foundry 2.0 is...

Vincent Fernando, CFA

NVIDIA Corporation: What Are The 3 Biggest Challenges That Could Halt Its Dream Run? - Major Drivers

NVIDIA Corporation reported a robust Q4 with significant year-on-year growth, marking a strong finish to the fiscal year 2024. The company...

Baptista Research

IFS Connect Takeaways | Nvidia Earnings as the New Semiconductor King

Intel positions itself as a serious player in the foundry market, attracting key customers like Microsoft and building a strong ecosystem around...

The Circuit

Semi - Nvidia Continues to Impress

Q4 revenue was US$22.1bn, up 265% YoY and 22% QoQ, exceeding company’s guidance of US$20bn by 10% and beating Bloomberg consensus by 8%.

CMB International

Nvidia: A Quality Stock that Shows Human Investors Are Unable to Discount Exponential Growth

It's a myth that media-hyped stocks like Nvidia are unable to add to a quality stock-selection strategy. The latest blowout earnings numbers...

Jeroen Blokland

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Taiwan Tech Weekly: Taiwan Rebound Lagging Nvidia; Why TSMC's 'Foundry 2.0' Is Significant

​Taiwan tech stocks rally but lag behind Nvidia; focus on upcoming results from Nvidia, Dell, and HP. TSMC's strategic shift to Foundry 2.0 is...

Vincent Fernando, CFA

NVIDIA Corporation: What Are The 3 Biggest Challenges That Could Halt Its Dream Run? - Major Drivers

NVIDIA Corporation reported a robust Q4 with significant year-on-year growth, marking a strong finish to the fiscal year 2024. The company...

Baptista Research

IFS Connect Takeaways | Nvidia Earnings as the New Semiconductor King

Intel positions itself as a serious player in the foundry market, attracting key customers like Microsoft and building a strong ecosystem around...

The Circuit

Semi - Nvidia Continues to Impress

Q4 revenue was US$22.1bn, up 265% YoY and 22% QoQ, exceeding company’s guidance of US$20bn by 10% and beating Bloomberg consensus by 8%.

CMB International

Nvidia: A Quality Stock that Shows Human Investors Are Unable to Discount Exponential Growth

It's a myth that media-hyped stocks like Nvidia are unable to add to a quality stock-selection strategy. The latest blowout earnings numbers...

Jeroen Blokland

Taiwan tech stocks rally but lag behind Nvidia; focus on upcoming results from Nvidia, Dell, and HP. TSMC's strategic shift to Foundry 2.0 is...