In today’s briefing:
- Memory Monitor: Competition Is Hotting Up for Key Memory Chips Nvidia Depends On
- Crypto Moves #17 – Is Michael Saylor, in fact, Satoshi Nakamoto?
- The Mosaic Company: Stable Demand & Potash Production Increase Catalyzing Growth? – Major Drivers
- Palo Alto Networks: Is The Increased Demand For Cybersecurity Platforms Expected To Last? – Major Drivers
- The Home Depot Inc.: Strategic Investment in Pro Ecosystem & Interconnected Experience & Other Developments – Major Drivers
- XPER: Streaming Execution
- Verisk Analytics: Is Its Growth Outlook Too Optimistic? What Are The Biggest Challenges? – Major Drivers
- NVIDIA Corporation: What Are The 3 Biggest Challenges That Could Halt Its Dream Run? – Major Drivers
- Western Midstream Partners: An Analysis Of The Various Components Of Its Future Outlook! – Major Drivers
- EB: Delayed Story
Memory Monitor: Competition Is Hotting Up for Key Memory Chips Nvidia Depends On
- Competition in the High Bandwidth Memory (HBM) space is intensifying; Micron shares have rallied after it announced HBM3e mass production; SK Hynix has outperformed since its earnings release.
- Nvidia’s H200, its most advanced chip for generative AI, leans heavily on HBM3e memory for its increased performance vs. the previous H100 generation. Memory leaders are key for Nvidia’s success.
- Taiwan’s Nanya Tech appears to be watching HBM competition between Micron, SK Hynix, and Samsung from the sidelines; can its shares get back into the game?
Crypto Moves #17 – Is Michael Saylor, in fact, Satoshi Nakamoto?
- The domain bitcoin.org was registered on August 18th, 2008.
- Just over two months later, on October 31st, an individual or group using the pseudonym Satoshi Nakamoto unveiled the Bitcoin whitepaper.
- This was soon followed by the mining of the first Bitcoin block, known as the genesis block, on January 9th, 2009.
The Mosaic Company: Stable Demand & Potash Production Increase Catalyzing Growth? – Major Drivers
- The Mosaic Company’s fourth quarter and full year 2023 earnings highlighted robust phosphate markets and an expected recovery of demand for potash.
- Mosaic’s CEO, Bruce Bodine, spoke positively about their financial performance in 2023, with reported revenue of $13.7 billion and adjusted EBITDA of $2.8 billion, along with investing $1.4 billion in the business and returning $1.1 billion to shareholders through share repurchases.
- One positive takeaway from the call was the strong phosphate market conditions, resulting from tight supply due to China’s fertilizer export restrictions and limited capacity additions in the short term.
Palo Alto Networks: Is The Increased Demand For Cybersecurity Platforms Expected To Last? – Major Drivers
- Palo Alto Networks’ Q2 2024 earnings highlight indicate the company’s continued success in executing its profitable growth strategy.
- The cybersecurity giant achieved significant top-line growth with revenues surging by 19% YoY, the RPO growing by 22%, and billings increasing by 16% YoY. Impressive, non-GAAP operating margins of 28.6% expanded roughly 600 basis points YoY, generating $2.9 billion in adjusted free cash flow on a trailing 12-month basis.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
The Home Depot Inc.: Strategic Investment in Pro Ecosystem & Interconnected Experience & Other Developments – Major Drivers
- The Home Depot’s Q4 2023 earnings highlighted both opportunities realized during the fiscal year and challenges faced, which contributed to a year of moderate performance.
- Overall, the company witnessed a sales decline by 3% reaching $152.7 billion for the fiscal year 2023 while comp sales dropped by 3.2% and EPS stood at $15.11, revealing a reduction from the previous year’s $16.69.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
XPER: Streaming Execution
- XPER reported fourth quarter results mostly in line with our estimates, but the progress made on each of its product lines is the highlight of the report
- XPER has added customers for its TV operating system (“TVOS”), IPTV solution, connected car, and has grown the number of people using its media platform
- The increase in the number of automobile OEMs electing to use AutoStage is on the rise with XPER’s CEO setting the goal of one video integration win this year
Verisk Analytics: Is Its Growth Outlook Too Optimistic? What Are The Biggest Challenges? – Major Drivers
- Verisk experienced a successful 2023 with strategic, organizational, and cultural changes, outstanding financial performance, and substantial value creation for clients and shareholders.
- The company delivered 8.7% organic constant currency revenue growth in 2023, the highest rate since its initial public offering in 2009.
- They exceeded the expectations set during the Investor Day in March.
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 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.
Western Midstream Partners: An Analysis Of The Various Components Of Its Future Outlook! – Major Drivers
- Western Midstream Partners (WES) reported its fourth-quarter and full-year 2023 earnings with a mixed financial result.
- Nevertheless, the company retains a degree of optimism, particularly when considering certain initiatives and expected future outcomes.
- In 2023, Western Midstream Partners successfully divested its remaining interest in several non core, non-operated assets worth $790 million.
EB: Delayed Story
- EB reported a decline in the number of tickets and total events held in the fourth quarter as EB continues to adjust its business to the higher price structure.
- EB reported Q4 revenue of $87.8 million, which was slightly lower than our forecast of $88.3 million. EB experienced a decline in the number of events and tickets sold
- The disappointment in the quarter was from EB’s management’s commentary where they were realizing several of their paid creators had left the platform after the price increase was announced
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