Bernstein Research

Thoughts from Bernstein Research by @feehary
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[Rihard Jarc @RihardJarc]

Altman on CNBC just said that he expects the Trainium usage to continue to grow.

[Bernstein Research @BernsteinBuzz]

Your periodic reminder that the oil industry has to run pretty hard just to stand still.

[Bernstein Research @BernsteinBuzz]

Another way to show the extraordinary concentration of stock returns so far this year…

[Bernstein Research @BernsteinBuzz]

YTD, the absolute contribution from the ten largest stocks is the biggest ever.

[Bernstein Research @BernsteinBuzz]

The big got bigger – eCommerce consolidated through the pandemic

[Bernstein Research @BernsteinBuzz]

This PC cycle is pretty shocking.

[Bernstein Research @BernsteinBuzz]

As the main driver of Nickel demand transitions from stainless steel to EV batteries, we will need to add production capacity.

[Bernstein Research @BernsteinBuzz]

China is the only lodging market globally to still be below 2019 RevPAR levels.

[Bernstein Research @BernsteinBuzz]

The global marginal cost of oil rose 14% in 2022 to $83 per barrel.

[Bernstein Research @BernsteinBuzz]

While lead times are normalising, you’ll still have to wait almost a year for a new Porsche in Europe.

[Bernstein Research @BernsteinBuzz]

Whilst there might be some disagreement about the absolute level, everyone agrees we need more renewables.

[Bernstein Research @BernsteinBuzz]

We think 2023 could see record LNG project announcements to fill in the looming supply deficit.

[Bernstein Research @BernsteinBuzz]

US Alcohol per capita consumption accelerated through the pandemic led by spirits, Tequila in particular.

[Bernstein Research @BernsteinBuzz]

We expect over 300 new electric vehicles this year.

[Bernstein Research @BernsteinBuzz]

US shale oil productivity dropped sharply last year underpinning a higher margin cost.

[Bernstein Research @BernsteinBuzz]

Surprisingly, there is no correlation between vaping & heated tobacco usage.

[Zhihan Ma @BernsteinESG]

While renewable projects yield lower IRRs vs. upstream oil & gas projects, upstream returns can be highly volatile. Investing in low carbon projects helps reduce earnings volatility, making the business case for oil majors to gradually diversify away from fossil fuel.

[CNBC's Closing Bell @CNBCClosingBell]

Bernstein's @BernsteinRasgon on the strength in chips and whether the worst is behind the sector

[Bernstein Research @BernsteinBuzz]

Ramping EV production involves a lot of different time frames.

[Bernstein Research @BernsteinBuzz]

Our bottom up estimate of what the GPU cost is for a single ChatGPT query.