🙄 So much for Nvidia’s trillion dollars...

Alibaba loves lockdowns | Nvidia is done playing games | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for May 27th in 3:14 minutes. 💥 The chip industry doesn’t look like it’s going to slow down anytime soon, but why would you want it to? Join Independent Solutions Wealth Management’s Paul Meeks for [The Unstoppable Rise Of The Chip Industry](, and find out how to keep up with the high-speed chip sector. [Grab your free ticket]( Today's big stories - Alibaba reported better-than-expected quarterly results - We looked into why China’s best-performing fund is buying the country’s dip, and how you could too – [Read Now]( - Chipmaker Nvidia gave an impressive quarterly update Bon Voyage [Bon Voyage] What’s Going On Here? Alibaba [posted]( better-than-expected results on Thursday, but the Chinese ecommerce giant doesn't intend to rest on its laurels. What Does This Mean? Hopes weren’t exactly high for Alibaba’s update, given that Chinese retail sales have [fallen]( for the last two months on the back of countrywide lockdowns. But trapping shoppers in their homes actually turned out to be a blessing in disguise, forcing them to turn to the company for their most basic needs. That pushed the number of Chinese customers who’ve bought something on the platform in the last 12 months past the 1 billion mark for the first time. Throw in a 12% uptick in cloud computing sales, and overall revenue grew by a better-than-expected 9%. And while the company opted not to give an outlook for the coming year, investors – who have watched its stock fall around 33% this year – took it as a win: they sent it up 10% after the news. Why Should I Care? Zooming in: Alibaba goes to Europe. Still, this was the second-straight quarter of single-digit revenue growth for the company, which isn't what investors expect from the high-flier. It's partly down to competition from rivals like JD.com and Pinduoduo, partly down to the zero-Covid policy, and partly down to government tech crackdowns – all of which Alibaba is hoping to offset by boosting its presence abroad. Case in point: it’s [reportedly]( planning to expand in Europe via its offshoot Lazada, in hopes of quintupling the value of transactions made on the platform to $100 billion a year. The bigger picture: China loses its bravado. Alibaba might be right to look beyond China: data [shows]( that the country’s economy is in tatters, with small business confidence dropping to the second-lowest level on record this month. Things are so dire, in fact, that economists are now forecasting that the Chinese economy will miss its growth target by one percentage point this year, and even the government [acknowledged]( this week that the country would struggle to grow at all this quarter. You might also like: [The cloud is heading to the stratosphere, and you can hitch a ride](. Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Bon Voyage&utm_campaign=daily-global-27-05-2022&utm_source=email) Analyst Take How To Buy China’s Dip [How To Buy China’s Dip]( [Photo of Carl Hazeley] Carl Hazeley, Analyst The key Chinese stock index has had an even worse time than global stocks this year, having [fallen 20%]( since the start of January. But according to one of the country’s rockstar investors, now’s a good time to buy the [country’s dip](. You might do well to listen: Zhao Yuanyuan’s fund is [up 138%]( this year, ranking it first among over 20,000 private Chinese funds. So that’s today’s Insight: [the ETFs and sectors you could invest in to profit from China’s rebound](. [Read or listen to the Insight here]( SPONSORED BY LEDGER Crypto security never look so good When it comes to your digital investments, safety comes first. Of course, it’s always a bonus when safety comes wrapped in a pretty little package. Just like the nifty new [Nano S Plus](: [Ledger’s]( latest secure wallet comes with more memory, so you can manage over 5,500 digital assets and install more than 100 apps. And the [Nano S Plus]( comes with a bigger screen too, designed to make it easier than ever to verify your transactions – and boy, does it look good. Keep your assets safe in style: [check out Ledger’s Nano S Plus](. [Show Me The Wallet]( Challenge Accepted [Challenge Accepted] What’s Going On Here? Nvidia [reported]( its best quarterly revenue ever earlier this week, but the future doesn't exactly look straightforward for the US chipmaker. What Does This Mean? Nvidia’s gaming business boosted its revenue by 31% last quarter from the same time last year, with its graphics chips making their way into everything from laptops to Nintendo Switches. The company’s data center business one-upped even that, growing its revenue by 83% as more firms switched to the cloud and AI solutions. So even a drop in its automotive and crypto mining chips – caused by cuts in car production and the drop in the crypto market – couldn’t drag on results too much: overall sales still grew by a better-than-expected 46% to a new quarterly record. But that streak looks like it’s at an end: Nvidia said it’ll need to limit costs in a “challenging economic environment”, and gave a disappointing revenue outlook for this quarter too. So investors didn’t much care about last quarter’s successes: they sent its stock down 10% after the announcement. Why Should I Care? For markets: Is Nvidia going cheap? It wasn’t long ago that Nvidia was being touted as the next $1 trillion company, but the tech stock collapse has made that prospect a thing of the past ([tweet this](). Its stock has since tumbled 50% from its all-time high in November, meaning its market value is now closer to the $400 billion mark. In fact, it’s now so far from its peak that analysts [reckon]( it could be good value: they’re expecting the stock to return an average of 87% over the next 12 months. The bigger picture: The old-new normal. Intel [reiterated]( this week that it’s expecting the chip shortage to continue well into 2024, but Nvidia’s seeing signs that this cold war is starting to thaw: the company said that inventory of its gaming graphics chips – which have been particularly difficult to get hold of over the past year – had “normalized”. You might also like: [Why Nvidia’s $1 trillion valuation was always a reach.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Challenge Accepted&utm_campaign=daily-global-27-05-2022&utm_source=email) 💬 Quote of the day “Thankfully, persistence is a great substitute for talent.” – Steve Martin (an American actor, comedian, and musician) [Tweet this]( SPONSORED BY AKT.IO Get into digital assets Earning from digital assets is often easier said than done. But with the easy-to-use [akt.io app](, you can trade simply and smoothly with the help of community insight, algorithmic analysis, and [AI trading tools](. So even if you don’t have much investment experience, you’ll be able to make the most of the [lucrative opportunities]( that crypto opens up. You can even store your all your assets together in one [akt.io]( account, and you can spend them whenever you want without paying annoying cashout fees. No minimum capital. No minimum knowledge. Just [akt.io](. [Find Out More]( When you support our sponsors, you support us. Thanks for that. 🌎 Finimize Live 🎉 Coming Up This Week All events are in UK time. 📱 [How To Hedge Against The Chip Shortage](: 1pm, May 30th ♻️ [How Green Bonds Can Fuel A Sustainable Future](: 1pm, May 31st 🏆 [Peer-To-Peer Vs. 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