Jon Bathgate

Investor at NZS Capital. Not investment advice.

[Jon Bathgate @jbathgate]

Appreciate @ReustleMatt hosting us to talk about CDNS on Business Breakdowns, one of my all time favorite companies.

[Business Breakdowns @bizbreakdowns]

“This is one of the most important companies you have never heard of.”

@bjohns3 and @jbathgate explain why.
https://t.co/GdVfHwxRyf

[brad slingerlend @bradsling]

NZS is HIRING for an IT and investment analytics associate position in Denver. This is an exciting opportunity to add value to a growing $3B+ AUM boutique asset manager.
https://t.co/xD2cXqH3qA

[Brinton Johns @bjohns3]

It's earnings season, the sun is out and it's 60 degrees. Time for the investors @NZSCapital to take a hike!

[Jon Bathgate @jbathgate]

Check out NZS's new-ish secret weapon @blarsonbrf reviewing Trane Technologies on @bizbreakdowns

[brad slingerlend @bradsling]

What the market is expressing today was an extremely unpopular opinion just 6 months ago. It's important to stay long term focused, whether the market is way up or way down. You're not as dumb as you think at the bottom or as smart as you think at the top.
https://t.co/WfaRkdua8H

[Jon Bathgate @jbathgate]

Intel vs Nvidia quarterly data center revenue back to 2015

[Jon Bathgate @jbathgate]

@chernandburn @donal888 @StephenNellis @dylan522p @FoolAllTheTime If you want to cheat a little, Altera was founded in '83 and invented the FPGA that year but it wasn't commercialized til '84

[Jon Bathgate @jbathgate]

@bernardgolden Always worth listening to the dissenting view 🤓

I think the last point Chris Miller makes in the article about economics is the most important, to me that risk is harder to over come than technical barriers.

[Jon Bathgate @jbathgate]

Enjoyed talking to @ianmking for this excellent Bloomberg article about ASML's rise and their unique position amidst the geopolitical tensions in semiconductor land.

[Bloomberg @business]

NEW: ASML’s rapid rise to become Europe’s most valuable tech firm has put it at the heart of the US-China chip war.

Read The Big Take ⬇️ https://t.co/jCich695c3

[Ben Gilbert @gilbert]

Today I learned that Texas Instruments is worth more than Intel, Qualcomm, or AMD. 🤯

Everyone sleeps on analog.

h/t @jbathgate

[brad slingerlend @bradsling]

I felt embarrassingly dumb defending the long term outlook for tech/chips on CNBC back in September. I wasn't as dumb as I felt that day, but also I know that I am nowhere near as smart as I might feel now. The best ROI is always on humility.

https://t.co/wOQl24qbIh

[Jon Bathgate @jbathgate]

@stonkmetal The flip-side to be aware of are companies like Belden and Colfax (now Enovis) that were run by ex. DHR folks and tried to replicate the DBS but couldn’t quite execute on the playbook.

[Jon Bathgate @jbathgate]

@trengriffin @FoolAllTheTime It was reported that Combs bought INTC back in 2011 so neither was Warren, which is why I didn't mention him at all in the last post.

I just think it's a funny artifact of history that Berkshire has made a quick buck in semis twice, as I said it's out of character for them

[Jon Bathgate @jbathgate]

Not the first time Berkshire has traded semis well with an uncharacteristically short holding period.

They may have missed their calling in just being semi cycle junkies 😂

[Jon Bathgate @jbathgate]

@fabknowledge Funny I remember @Srasgon being all over them last time they extended the depreciation schedule.

Last time it kept a 6 handle on GMs tho

[Jon Bathgate @jbathgate]

@SleepwellCap SNPS had a co-CEO structure (one of whom was the founder) for 10 years during a super successful time for the company/stock

[Jon Bathgate @jbathgate]

Happy retirement to Rich Templeton, the OG CEO who showed that good semiconductor businesses can be free cash flow machines

https://t.co/CAPoTYpNx5

[Jon Bathgate @jbathgate]

@RugCapital @jimkxa @FoolAllTheTime Thx for sharing - looking forward to watching this

[Jon Bathgate @jbathgate]

I can't comment on forward earnings but when I read this what jumped out his how epic the 118% cut to earnings estimates was in the GFC, that was special.

@tculpan is one of the best journalists in semi land btw

[John Rotonti Jr @JRogrow]

“On average, 24-month forward earnings estimates for the SOX have been trimmed by 17% since a peak in the first quarter of 2022.”

@bjohns3 and @jbathgate is this enough of a cut?

https://t.co/kWFaCgCitN

[Jon Bathgate @jbathgate]

@gilbert @AcquiredFM Hilarious they would include that in the PR