Value Investing

Vladimir Dimitrov, CFA

Equity Bottom-Up

<ul>
<li>Nvidia lost nearly 35% of its value in a matter of months, when the broader market fell by less than 15% during the same period.</li>
<li>The company's share price might not recover to its 2021 highs anytime soon, according to the company's report.</li>
<li>About ten months ago I took a deep dive into NVIDIA's (<span class="ticker-hover-wrapper">NASDAQ:<a href="https://www.smartkarma.com/search?q=NVDA" target="_blank" rel="noopener">NVDA</a></span>) share price and laid out my thesis on why investors should be less concerned about the company's business fundamentals and laser focused on its momentum exposure.</li>
</ul>


Nvidia lost nearly 35% of its value in a matter of months, when the broader market fell by less than 15% during the same period.
The company's share price might not recover to its 2021 highs anytime soon, according to the company's report.
About ten months ago I took a deep dive into NVIDIA's (NASDAQ:NVDA) share price and laid out my thesis on why investors should be less concerned about the company's business fundamentals and laser focused on its momentum exposure.


Is Nvidia Really A Bargain Or Is There More Pain Ahead?

Asia biased macro & technical analysis, Untying The Gordian Knot

Untying The Gordian Knot

Asia biased macro & technical analysis

A differentiated process with a primary focus on Asia. Technical Analysis as core and Macro drivers that could bring the view to fruition & changes that could make the idea fall apart. The objective is to be the best in class, hence corner shop.

Technical Analysis

Philadelphia Stock Exchange Semiconductor Index / Technical Analysis

Philadelphia Stock Exchange Semiconductor Index

<ul><li>Dr. Copper has the moniker of the global economy's health as the essential metal used in almost every fixed asset investment (FAI) and manufacturing.</li><li>It remains vital, although I think Nickel is now equally important in our modern-day lives as it is used in alloying, coatings, and batteries.</li><li>Iron ore is significant for China's FAI and much more critical than copper in its growth.</li></ul>

Dr. Copper has the moniker of the global economy's health as the essential metal used in almost every fixed asset investment (FAI) and manufacturing.It remains vital, although I think Nickel is now equally important in our modern-day lives as it is used in alloying, coatings, and batteries.Iron ore is significant for China's FAI and much more critical than copper in its growth.

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.

Equity Capital Markets

<ul><li>NVIDIA Corporation’s stock plummeted despite the company managing to surpass Wall Street expectations in terms of revenues as well as earnings.</li><li>Revenue from gaming rose sequentially and year-on-year, powered by the product cycle of GeForce RTX 30 Series.</li><li>Being optimistic about the company's growth, we provide it a ‘Buy’ rating with a revision in target price.</li></ul>

NVIDIA Corporation’s stock plummeted despite the company managing to surpass Wall Street expectations in terms of revenues as well as earnings.Revenue from gaming rose sequentially and year-on-year, powered by the product cycle of GeForce RTX 30 Series.Being optimistic about the company's growth, we provide it a ‘Buy’ rating with a revision in target price.

NVIDIA Corporation: The Semiconductors Macro & Other Drivers

Taiwan Tech Focused Senior Analyst

Patrick Liao

King Yuan Electronics Co, Ltd. / Equity Bottom-Up

<ul>
<li>KYEC reached revenue, GM, OPM and Diluted EPS of NT$8,984mn, 35.8%, 25.6% and NT$1.47 respectively in 1Q22.</li>
<li>KYEC could reach to ~10% revenue QoQ growth in 2Q22 because of some orders delayed in Suzhou for COVID-19 controlling measure in 1Q22.</li>
<li>The mainland China smartphone is not strong in 2Q22, but the smartphone chipset testing demand could still be the largest demand in KYEC. </li>
</ul>


KYEC reached revenue, GM, OPM and Diluted EPS of NT$8,984mn, 35.8%, 25.6% and NT$1.47 respectively in 1Q22.
KYEC could reach to ~10% revenue QoQ growth in 2Q22 because of some orders delayed in Suzhou for COVID-19 controlling measure in 1Q22.
The mainland China smartphone is not strong in 2Q22, but the smartphone chipset testing demand could still be the largest demand in KYEC. 


KYEC (2449.TT): It Could Reach ~10% QoQ Growth in 2Q22 Because Some Orders Were Delayed in 1Q22.

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>India's stock market dropped $386 billion after election results showed a narrower-than-expected lead for Modi</li>
<li>Intel's CEO introduced new AI products at Computex, challenging Nvidia's market dominance</li>
<li>Chinese companies rush to raise funds amid a stock market rebound, driven by investor optimism and future uncertainty</li>
</ul>


India's stock market dropped $386 billion after election results showed a narrower-than-expected lead for Modi
Intel's CEO introduced new AI products at Computex, challenging Nvidia's market dominance
Chinese companies rush to raise funds amid a stock market rebound, driven by investor optimism and future uncertainty


#11Business Buzz: India's Stock Market Plunge, Intel Vs. Nvidia, and China's Fundraising Frenzy

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)

Is Nvidia Really A Bargain Or Is There More Pain Ahead?

Nvidia lost nearly 35% of its value in a matter of months, when the broader market fell by less than 15% during the same period.

Vladimir Dimitrov, CFA

Dr. Semiconductor

Dr. Copper has the moniker of the global economy's health as the essential metal used in almost every fixed asset investment (FAI) and...

Untying The Gordian Knot

NVIDIA Corporation: The Semiconductors Macro & Other Drivers

NVIDIA Corporation’s stock plummeted despite the company managing to surpass Wall Street expectations in terms of revenues as well as...

Baptista Research

KYEC (2449.TT): It Could Reach ~10% QoQ Growth in 2Q22 Because Some Orders Were Delayed in 1Q22.

KYEC could reach to ~10% revenue QoQ growth in 2Q22. The mainland China smartphone is not strong in 2Q22, but the smartphone chipset testing demand...

Patrick Liao

#11Business Buzz: India's Stock Market Plunge, Intel Vs. Nvidia, and China's Fundraising Frenzy

India's stock market falls as Modi's lead narrows, Intel challenges Nvidia with new AI products, Chinese companies raise funds amidst market...

Nimish Maheshwari

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Is Nvidia Really A Bargain Or Is There More Pain Ahead?

Nvidia lost nearly 35% of its value in a matter of months, when the broader market fell by less than 15% during the same period.

Vladimir Dimitrov, CFA

Dr. Semiconductor

Dr. Copper has the moniker of the global economy's health as the essential metal used in almost every fixed asset investment (FAI) and...

Untying The Gordian Knot

NVIDIA Corporation: The Semiconductors Macro & Other Drivers

NVIDIA Corporation’s stock plummeted despite the company managing to surpass Wall Street expectations in terms of revenues as well as...

Baptista Research

KYEC (2449.TT): It Could Reach ~10% QoQ Growth in 2Q22 Because Some Orders Were Delayed in 1Q22.

KYEC could reach to ~10% revenue QoQ growth in 2Q22. The mainland China smartphone is not strong in 2Q22, but the smartphone chipset testing demand...

Patrick Liao

#11Business Buzz: India's Stock Market Plunge, Intel Vs. Nvidia, and China's Fundraising Frenzy

​India's stock market falls as Modi's lead narrows, Intel challenges Nvidia with new AI products, Chinese companies raise funds amidst market...

Nimish Maheshwari

India's stock market falls as Modi's lead narrows, Intel challenges Nvidia with new AI products, Chinese companies raise funds amidst market...