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Interview with Real Vision: Nvidia is the #1 AI Stock and Why Cloud Looks Weak
Last week, I joined Samuel Burke from Real Vision to discuss “3 Ideas.” We discussed why I see Nvidia as the #1 AI stock also why cloud is weaker than it appears.
Top 5 Stocks Of 2022: Year In Review
In this analysis, rather than prognosticate on the top stocks of 2023, we think it’s more productive to go back and review the stocks that performed well under new macro conditions in 2022. This exercise helps to inform tech portfolios for the upcoming year as investors can reasonably assume 2023 will look more similar to 2022 than the preceding years.
CrowdStrike Stock: Cloud Darling Reports Weak Sequential Key Metrics
CrowdStrike has one of the better fundamental profiles out of the cloud category. This is due to its 50%+ revenue growth rate, GAAP operating margin of (7%) and free cash flow margin of 31%. The company also has one of the best Rule of 40 numbers in the cloud category at 89%.
One More Rally to End the Year
Sentiment continues to show some of the most bearish readings we’ve seen since the 2022 bear market began. The AAII, which is a survey that asks investors if they are bullish, neutral or bearish 6 months out, just gave us the lowest reading of bulls since the October low. Recently, only 24% of those surveyed are expecting bullish results over the next 6 months. Compared with the March low in 2009, this is not too far off that reading, which came in at around 19%.
Slowing Growth In Cloud Stocks: When Will We Hit A Bottom
Nearly all cloud companies are reporting a notable, sequential slowdown between Q3 to Q4. Amazon and Microsoft’s cloud infrastructure services slowed from mid-30 percent growth in prior years to 24 percent growth and 30% growth. Only a quarter ago – in Q2 – the growth was at 29 percent and 35%. This quarter marks a 5 percent decline sequentially, which is considered a rapid decline for these two companies.
Bitcoin is Going to Rally Again – Here’s What You Need to Know
Bitcoin is the best performing asset of our lifetime. Given the history of Bitcoin’s awe-inspiring returns shown below, the single most important question for every investor in the market today is if this gravity-defying asset can do it again. The Bears want you to focus on the -77% bear market, as they have for all of the four major drawdowns Bitcoin has experienced.
Podcast on Cloud Stocks: Consumption Model Vs. Subscription Model
In October, we talked with Jeremy Owens of MarketWatch on a Barron's podcast about the consumption model versus the subscription model. With Snowflake reporting this week, it's a good time to revisit the differences. Across cloud reports, Snowflake reported one of the highest rates of variability between Q3 and Q4 from 67% growth to an estimated 50% growth in Q4. This is likely due to the lumpiness of the consumption model. After reading through the report
Nvidia Stock: Evidence Gaming Bottomed And Why It’s Important
The new Ada Lovelace architecture uses 76 billion transistors and a 4nm production process. In the keynote, the CEO stated: ‘Nvidia engineers worked closely with TSMC to create the 4N process optimized for GPUs. This process let us integrate 76 billion transistors and over 18,000 CUDA cores, 70% more than the Ampere generation.’
