Value Investing

Vladimir Dimitrov, CFA

Equity Bottom-Up

<ul>
<li>Broadcom Inc. has been the best-performing semiconductor stock over the past 3-month period.</li>
<li>Robust demand partially justifies the recent share price increase, but not all the way to a near double-digit revenue multiple.</li>
<li>Just three months ago, I analyzed Broadcom Inc.'s (<span class="ticker-hover-wrapper">NASDAQ:AVGO</span>) strong business model through the lens of profitability, competitive advantages and capital allocation.</li>
</ul>


Broadcom Inc. has been the best-performing semiconductor stock over the past 3-month period.
Robust demand partially justifies the recent share price increase, but not all the way to a near double-digit revenue multiple.
Just three months ago, I analyzed Broadcom Inc.'s (NASDAQ:AVGO) strong business model through the lens of profitability, competitive advantages and capital allocation.


High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

Thematic (Sector/Industry)

<ul><li>Semiconductors- “Big Money” Rabid Buying Spree Continues NVIDIA’s (NVDA) and Marvell’s (MRVL) earnings calls and forward guidance delivered this week resulted in earthquake shock re-rating to all things semiconductors on Thursday and Friday.</li><li>On Thursday, NVIDIA’s $198B market cap gain was the largest market cap gain in market history.</li><li>In the first quarter of this year, Microsoft gave clues that artificial intelligence would emerge as the next great computing platform and then this quarter it appears that Wall St. has woken up to the degree of significant data center retooling and infrastructure spending which will be required to support emerging artificial intelligence computing demand.</li></ul>

Semiconductors- “Big Money” Rabid Buying Spree Continues NVIDIA’s (NVDA) and Marvell’s (MRVL) earnings calls and forward guidance delivered this week resulted in earthquake shock re-rating to all things semiconductors on Thursday and Friday.On Thursday, NVIDIA’s $198B market cap gain was the largest market cap gain in market history.In the first quarter of this year, Microsoft gave clues that artificial intelligence would emerge as the next great computing platform and then this quarter it appears that Wall St. has woken up to the degree of significant data center retooling and infrastructure spending which will be required to support emerging artificial intelligence computing demand.

Concise Playbook for the Week, Global Markets Playbook

Kevin George

Concise Playbook for the Week

Global Markets Playbook

I am an active trader in stocks, FX and commodities with over 15 years' market experience. I hold a master's degree in finance and have developed a strong skill base in technical analysis. 

Alongside technical setups I will provide earnings analysis, company valuation analysis and macroeconomic studies for the key market releases.

<ul>
<li>The chip industry is seeing two "transitions" Intel is being phased out with the GPU shift, according to the company.</li>
<li>The company is also expected to be phased out of the chip industry with the next generation of processors.</li>
<li>The chip company is expected to have a new generation of chips in the coming years.</li>
</ul>


The chip industry is seeing two "transitions" Intel is being phased out with the GPU shift, according to the company.
The company is also expected to be phased out of the chip industry with the next generation of processors.
The chip company is expected to have a new generation of chips in the coming years.


Independent Investment Research & Investor, Maverick Equity Research

Maverick Equity Research

Independent Investment Research & Investor

Independent Investment Research & Investor: value, dividend and growth stocks. Risk management & hedging for an all weather portfolio.

<ul><li>First of all, Nvidia is a great business with many applications and infrastructure across many industries and one can even say an AI hardware leader down the road. </li><li>Overall, a big business with a wide moat in a great secular sector, hence a name that very likely will be here 10-20-30 years down the road.</li><li>Semiconductors in general have been a top sector lately given AI advancements like the ChatGPT breakthrough, and the overall combo of high demand &amp; supply issues.</li></ul>

First of all, Nvidia is a great business with many applications and infrastructure across many industries and one can even say an AI hardware leader down the road. Overall, a big business with a wide moat in a great secular sector, hence a name that very likely will be here 10-20-30 years down the road.Semiconductors in general have been a top sector lately given AI advancements like the ChatGPT breakthrough, and the overall combo of high demand &amp; supply issues.

Nvidia (NVDA) Phenomenal Business, Overcooked Stock -Hedge & Protect Gains

Invesco QQQ Trust Series 1 / Equity Bottom-Up

<ul><li>First of all, let’s see how the Nasdaq-100 (QQQ) did in 2023 along with the S&amp;P 500 (SPY) and the Dow Jones (DIA): QQQ with a big 21.64% return in 2023 &amp; outperforming by a big margin the other 2 main indices.</li><li>For an even broader perspective, US indices 2023 performance shown in this order: Nasdaq 100 (NDX) &gt; S&amp;P 500 (SPX) &gt; S&amp;P Midcap 400 MID &gt; Russel 2000 (RTY) &gt; Russell Microcap (RMICRO).</li><li><p>In short, from Megacaps &gt; to Microcaps: Nasdaq 100 (NDX) leading by a big margin.</p></li></ul>

First of all, let’s see how the Nasdaq-100 (QQQ) did in 2023 along with the S&amp;P 500 (SPY) and the Dow Jones (DIA): QQQ with a big 21.64% return in 2023 &amp; outperforming by a big margin the other 2 main indices.For an even broader perspective, US indices 2023 performance shown in this order: Nasdaq 100 (NDX) &gt; S&amp;P 500 (SPX) &gt; S&amp;P Midcap 400 MID &gt; Russel 2000 (RTY) &gt; Russell Microcap (RMICRO).In short, from Megacaps &gt; to Microcaps: Nasdaq 100 (NDX) leading by a big margin.

Getting Tactical with Nasdaq-100 NDX ($QQQ): Valuation Disconnected Via Its Cost of Capital

United States

Applied Materials, Inc. develops, manufactures, markets, and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry.  The Company's customers include semiconductor wafer and integrated circuit manufacturers, flat panel liquid crystal displays, solar photovoltaic cells and modules and other electronic devices manufacturers.

QUALCOMM, Inc . manufactures digital wireless communications equipment.  The Company licenses its code division multiple access (CDMA) and orthogonal frequency division multiplexing access intellectual property to other companies, and produces CDMA-based integrated circuits; and produces equipment and software used to track workers and assets; and software for wireless content enablement.

Broadcom Inc. designs, develops, and supplies semiconductor and infrastructure software solutions. The Company offers storage adapters, controllers, networking processors, motion control encoders, and optical sensors, as well as infrastructure and security software to modernize, optimize, and secure the most complex hybrid environments. Broadcom serves customers worldwide.

KLA-Tencor Corporation manufactures yield management and process monitoring systems for the semiconductor industry.  The Company's systems are used to analyze product and process quality at critical steps in the manufacture of circuits and provide feedback so that fabrication problems can be identified. KLA-Tencor operates sales, service, and application centers worldwide.

Lam Research Corporation manufactures, markets, and services semiconductor processing equipment used in the making of integrated circuits.  The Company's products are used to deposit special films on a silicon wafer and etch away portions of various films to create a circuit design.  Lam sells its products around the world.

Monolithic Power Systems Inc specializes in high-performance, integrated power solutions. The Company provides small, highly energy efficient, easy-to-use power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications.

ON Semiconductor Corporation supplies analog, standard logic, and discrete semiconductors for data and power management. The Company's products include integrated circuits, and analog ICs. ON also offers discrete semiconductors in a variety of surface mount and standard packages.

Microchip Technology Incorporated designs, manufactures, and markets microcontrollers, related mixed-signal and memory products, and application development systems for high-volume embedded control applications. The Company also designs, develops, and markets linear/mixed-signal, power management, and thermal management products.

Entegris Inc. provides materials management products and services to the microelectronics industry on a worldwide basis.  The Company provides products such as wafer shippers, wafer transport and process carriers, pods, and work-in-process boxes.  Entegris also provides chemical delivery products such as valves, fittings, tubing, pipe, and containers.

Analog Devices, Inc. designs, manufactures, and markets integrated circuits used in analog and digital signal processing.  The Company's products are used in communications, computer, industrial, instrumentation, military/aerospace, automotive, and high-performance consumer electronics applications.  Analog Devices sells its products worldwide.

Tokyo Electron Limited manufactures and sells industrial electronics products, such as semiconductor manufacturing machines, computer system, and electronic components.  The Company products are sold in US, Taiwan, and others as well as in Japan.

ASE Technology Holding Co., Ltd. offers assembly and testing services. The Company provides outsourced assembly, semiconductor testing, semiconductor packaging, and other related services. ASE Technology Holding operates in Taiwan.

MediaTek Inc. is a fabless semiconductor company for wireless communications and digital multimedia solutions. The company provides SOC system solutions for wireless communications, high-definition TV, optical storage, DVD and Blu-ray products.

United Microelectronics Corporation designs, manufactures, and markets integrated circuits (ICs) and related electronic products.  The Company's main products are consumer electronic ICs, memory ICs, personal computer peripheral ICs, and communication ICs.

NXP Semiconductors NV operates as a global semiconductor company. The Company designs semiconductors and software for mobile communications, consumer electronics, security applications, in-car entertainment, and networking.  NXP offers its products to the automotive, identification, wireless infrastructure, lighting, mobile, and computing applications.

Taiwan Semiconductor Manufacturing Company, Ltd. manufactures and markets integrated circuits. The Company provides the following services: wafer manufacturing, wafer probing, assembly and testing, mask production, and design services. TSMC's ICs are used in computer, communication, consumer electronics, automotive, and industrial equipment industries.

DISCO CORPORATION manufactures abrasive and precision industrial machinery for cutting and grinding purposes.  The Company's products are applied in the semiconductor, electronics, and construction industries to produce consumer goods such as personal computers, digital cameras, video game systems, and Digital Video Disc (DVD) players.

Renesas Electronics Corporation researches, develops, designs and manufactures electronic components such as semiconductors and integrated devices.

SK Hynix Inc. provides products and services for the electronic components industry. The Company manufactures semiconductors, such as dynamic random access memory (DRAM), NAND flash memory, and static random access memory (SRAM) chips.

ADVANTEST CORPORATION produces semiconductor testing devices and electronic measuring instruments.  The Company's products include large-scale integration (LSI) test systems, memory test systems, dynamic test handlers, network analyzers, electronic meters, optical testing devices, and signal sources.

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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

NVIDIA Corp (NVDA US)

Broadcom: Proceed With Caution

Broadcom Inc. has been the best-performing semiconductor stock over the past 3-month period. Robust demand partially justifies the recent share...

Vladimir Dimitrov, CFA

Weekly Stock Bullfinder - Week of 5/29

Debate around whether artificial intelligence represents a “tech bubble” was seemingly squashed when both NVIDIA and Marvell put robust forward...

Weekly Stock Bull Finder

Intel Has Big Problems Ahead

The company is also expected to be phased out of the chip industry with the next generation of processors. The chip company is expected to have a...

Kevin George

Nvidia (NVDA) Phenomenal Business, Overcooked Stock -Hedge & Protect Gains

Nvidia recent parabolic run: Hedge, Sell & Short Sell choices. First of all, Nvidia is a great business with many applications and infrastructure...

Maverick Equity Research

Getting Tactical with Nasdaq-100 NDX ($QQQ): Valuation Disconnected Via Its Cost of Capital

Gap opened up possibilities: Hedge, Sell, Trim, Short Sell, Collar. First of all, let’s see how the Nasdaq-100 (QQQ) did in 2023 along with the S&P...

Maverick Equity Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)