Hicham

Head of Investments Multi Asset / Equity Long Short Systematic Portfolio manager.

[Benjamin Ryan @benryanwriter]

BREAKING: Cambridge opens investigation into Prof. Jason Arday's academic qualifications and honorary appointments "following new information"

The university issued this statement:

The University of Cambridge has begun an investigation following new information about Professor Arday’s academic qualifications and honorary appointments. In order to ensure a fair process, we will not comment further until this has concluded.

Separately, there remains a number of ongoing complaints regarding academic misconduct, which are being handled in line with our Misconduct in Research policy. This is consistent with our previous statement on the matter.

While we are fully aware of the public commentary and concerns around this matter, it remains vital that any process is thorough and adheres to both University policies and employment law.

We also fully recognise that there is a person at the centre of this situation, and we continue to provide support to him.

We are aware that Jesus College, Cambridge, will be taking their own steps in relation to some of these matters.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Oil prices surge above $85/barrel on reports that US intelligence has begun to see indications that Iran is deploying mines in the Strait of Hormuz, per CBS.

Oil prices are now up +$10/barrel in 50 minutes.

[Charlie Bilello @charliebilello]

The S&P 500 is now down over 6% from its peak on February 19, the largest pullback since last August. This is the 30th correction >5% off of a high since the March 2009 low. They all seemed like the end of the world at the time. $SPX

https://t.co/mpJBYGzNyy

[Charlie Bilello @charliebilello]

The S&P 500 fell 1.8% today, its biggest decline of the year so far. This was the 6th daily decline in 2025 with a loss above 1%. Since 1928, the average year has 29 such declines. As an investor, you should expect many more days like today. $SPX

https://t.co/rQuXrxVXM0

[Daily Chartbook @dailychartbook]

"We have CTAs modeled long +$70bn of global equities (43rd %tile) after buying +$13bn of equities last week globally. We have this cohort as small buyers of equities globally in every scenario over the next week."

- GS Morgan

[Charlie Bilello @charliebilello]

The $VIX spiked 74% higher today, the 2nd biggest 1-day % increase in history. Volatility is back.

https://t.co/l5IYmkf6Ih

[J trader @jtrader]

FOMC today

[Banana3 @Banana3Stocks]

$SPY $QQQ

The chart of the year 👀…Actually, the chart of the last TWO YEARS 👀👀👀, literally says everything 🤔

They say a picture is worth a thousand words so I won’t waste many 🤗

In the last TWO YEARS, anytime the S&P 500 has had ALL of its stocks below their respective 20 DAY MOVING AVERAGE on this indicator below 10, and we’re at 8 👀, we have had the bottom of every correction and pullback and it led to SIGNIFICANT rallies, will this time be different?

Not financial advice of any kind!

Much much love 💛🍌🍌🍌

[Hedge Vision @HedgeVision]

S&P 500 Price Targets for 2025

-Highest: Oppenheimer at $7,100
-Average: $6,534
-Lowest: BCA Research at $4,450

[Daily Chartbook @dailychartbook]

"The US MSCI now accounts for a staggering 74% of the market capitalization of the All Country World MSCI."

@yardeni @ericwallerstein

[Earnings Whispers @eWhispers]

#earnings for the week of December 16, 2024

https://t.co/hLn2sKQPuw

$MU $NKE $CCL $FDX $RCAT $ACN $BB $LEN $DRI $CTAS $MAMA $FDS $GIS $HEI $ABM $WGO $AMTM $BIRK $REE $TTC $CAG $AVO $MLKN $PAYX $KMX $FCEL $SCHL $SCS $WS $LW $QIPT $CMP $MITK $JBL $EPAC $OGI $RICK

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

Strong year, but not abnormal $SPX

[The Kobeissi Letter @KobeissiLetter]

Nvidia, $NVDA, Q3 Revenue by Year:

1. 2025: $35.1 billion
2. 2024: $18.1 billion
3. 2023: $5.9 billion
4. 2022: $7.1 billion
5. 2021: $4.7 billion
6. 2020: $3.0 billion
7. 2019: $3.2 billion
8. 2018: $2.6 billion
9. 2017: $2.0 billion
10. 2016: $1.3 billion

Since 2016, Nvidia's quarterly revenue is up a whopping 2,600%.

Nvidia is now on track to do over $120 billion of revenue PER YEAR.

Is this the best growth story of all time?

[Wall St Engine @wallstengine]

$NVDA | NVIDIA Q3 Earnings Highlights:

🔹 Non-GAAP EPS: $0.81 (Est. $0.74) 🟢 UP +103% YoY
🔹 Revenue: $35.1B (Est. $33.1B) 🟢; UP +17% QoQ and UP +94% YoY
🔹 Gross Margin: 75.0% (Est. 74.8%) 🟢; UP 0.6 pp YoY

Q4 Guidance:
🔹 Revenue: $37.5B (Est. $37.1B) 🟢; +2% guidance range
🔹 Gross Margin: 73.5% (Est. 73.5%) 🟡
🔹 Operating Expenses: ~$4.8B GAAP; ~$3.4B Non-GAAP
🔹 Other Income: ~$400M
🔹 Tax Rate: 16.5%, ±1%

Q3 Segment Revenue:
🔹 Data Center: $30.8B (Est. $29.14B) 🟢; UP +17% QoQ and UP +112% YoY
🔹 Gaming: $3.3B (Est. $3.06B) 🟢; UP +14% QoQ and UP +15% YoY
🔹 Professional Visualization: $486M (Est. $480M) 🟢; UP +7% QoQ and UP +17% YoY
🔹 Automotive: $449M (Est. $360M) 🟢; UP +30% QoQ and UP +72% YoY

OTHER Q3 METRICS:
🔹 Operating Income: $21.87B (Est. $21.69B) 🟢; UP +17% QoQ and UP +110% YoY
🔹 Net Income: $19.31B; UP +16% QoQ and UP +109% YoY

Operational Highlights:
Data Center:
🔸 Record revenue of $30.8B driven by strong AI adoption.
🔸 Launched NVIDIA Hopper H200-powered cloud instances across AWS, CoreWeave, Microsoft Azure, with Google Cloud and Oracle Cloud joining soon.
🔸 Built national AI supercomputers in Denmark, Japan, Taiwan, and India using NVIDIA DGX SuperPOD™ and NVIDIA Blackwell platforms.
🔸 Expanded AI partnerships with Lenovo, Accenture, Deloitte, and Google Cloud for enterprise and industry AI solutions.

Gaming:
🔸 Revenue of $3.3B fueled by GeForce RTX GPUs and new AI PCs with RTX AI performance.
🔸 Introduced 20 new RTX and DLSS titles, including major franchises.
🔸 Celebrated the 25th anniversary of the GeForce GPU.

Professional Visualization:
🔸 Revenue of $486M, driven by adoption of NVIDIA Omniverse™ for industrial AI and digital twins.
🔸 Collaborated with Foxconn to accelerate factory development using Omniverse.
🔸 Released NVIDIA Holoscan for Media to unify live production and AI.

Automotive and Robotics:
🔸 Revenue of $449M, reflecting surging demand for autonomous and electric vehicle technologies.
🔸 Announced Volvo's electric SUV built on NVIDIA’s platform.
🔸 Unveiled Project GR00T AI tools for humanoid development and robotics workflows.

CEO Commentary:
🔸 "The age of AI is here, transforming every industry and country. NVIDIA is at the forefront, meeting incredible demand for Hopper and Blackwell. Enterprises, robotics, and nations are rapidly adopting our solutions to build their AI infrastructure."
— Jensen Huang, CEO

Dividend and Shareholder Returns:
🔹 Quarterly cash dividend of $0.01/share payable on December 27, 2024.
🔹 Approved plans for sustained investment in AI infrastructure and shareholder returns.

[Earnings Whispers @eWhispers]

#earnings for the week of November 4, 2024

https://t.co/My2Eq16qS8

$PLTR $SMCI $CELH $ARM $CLF $AMC $QCOM $DKNG $HIMS $ELF $ANET $CLOV $SQ $APP $VST $NVO $RIVN $DVN $U $WYNN $CVS $CEG $TTD $MRNA $BRK.B (Saturday) $CDE $AFRM $MELI $FTNT $PINS $ABNB $GOLD $HL $MAR $IONQ $NET $AXON $ALB $DOCS $WOLF $BROS $PAAS $DDOG $LCID $TOST $LUMN $MLCO $DOCN $ALAB $ACB

[Earnings Whispers @eWhispers]

#earnings for the week of October 21, 2024

https://t.co/My2Eq16YHG

$TSLA $VZ $ENPH $LRCX $VRT $BA $SAP $IBM $GM $T $MMM $RTX $NUE $KO $FCX $AAL $UPS $GE $DXCM $CLS $NEE $NEM $NOW $WRB $LMT $QS $DGX $DECK $VKTX $GEV $BOKF $LOGI $LUV $LVS $TMO $TMUS $VIST $WDC $ZION $URI $SKX $MOH $LKQ $PM $NLY $NDAQ $BDN $CME $AGNC $NYCB

[Charlie Bilello @charliebilello]

Since 1928, the US equity market has generated a cumulative total return of 783,563%.

What’s the catch?

It wasn’t a straight line higher – far from it. An investor in US equities would have been in a drawdown over 90% of the time.

To reap the biggest rewards you must be able to take the painful hits and keep moving forward. Which is why the ultimate superpower in investing is being good at suffering.

Video: https://t.co/uovauU4dCk

[Earnings Whispers @eWhispers]

#earnings for the week of October 14, 2024

https://t.co/My2Eq16qS8

$NFLX $TSM $WBA $UNH $ASML $C $BAC $CMA $JNJ $PGR $SCHW $UAL $MS $ISRG $GS $IBKR $AA $KARO $AXP $TRV $SLB $WDFC $PNC $REXR $STT $HBAN $ELV $ABT $BX $JBHT $PG $KMI $PPG $STLD $USB $PNFP $INFY $SGH $ERIC $CSX $CCK $CFG $FBK $FITB $ALV $MWBM $RF $TCBI $TFC $SYF

[Earnings Whispers @eWhispers]

#earnings for the week of October 7, 2024

https://t.co/hLn2sKQhEY

$PEP $TLRY $DAL $JPM $DPZ $AZZ $AEHR $NAPA $WFC $APLD $SAR $BLK $ACCD $HELE $BK $BSET $BYRN $THTX $ETWO $NEOG $RELL $FAST $BSVN

[Goshawk Trades @GoshawkTrades]

3 minute masterclass on the only "free lunch" in finance.

Taught at MIT by Jake Xia,

With no student debt needed.