😯 Nvidia pulled it off

Travel looks set for takeoff | British house prices toppled | [Finimize](   TOGETHER WITH   Hi {NAME}, here's what you need to know for August 25th in 3:14 minutes.   🤯 Ray Dalio: you know him as the founder of Bridgewater Associates, the author of Principles, and a titan in global finance – and we know him as the keynote speaker at this year’s [Modern Investor Summit](. So give your brand a boost by sponsoring this year’s high-profile get-together. [Find out more here]( Today's big stories - Nvidia’s blowout results left investors wondering if this is as good as it gets - Here are the less-than-obvious AI stocks that Goldman Sachs is betting on – [Read Now]( - Chinese delivery giant Meituan posted some whopping quarterly results Green With Nvidia [Green With Nvidia] What’s going on here? AI super heavyweight Nvidia reported the most anticipated set of results of the year on [Wednesday]( – and they were seriously envy-inducing. What does this mean? In the investing world, there seem to be two camps these days: those holding Nvidia shares and those wishing they were. Just a few months back, Nvidia left jaws on the floor, predicting a whopping $11 billion in second-quarter revenue – a cool 50% more than what the pundits had expected. And now the firm’s gone and delivered again: the tech giant not only reported a stellar $13.5 billion, but it also projected $16 billion in revenue for the current quarter. That’s a staggering 170% jump from last year, surpassing even the wildest dreams of Nvidia enthusiasts. The burning question now is whether there’s any ceiling to this success. Why should I care? For markets: Back-up engine. There’s one riddle everyone’s trying to solve – and that’s whether AI, with Nvidia at the helm, is strong enough to fuel stocks’ ascent even if the broader economy runs out of steam. Consider this: corporate profit made up around 16% of the US economy last year, and that’s been above 17% in the past. So hypothetically, even if the consumer-driven US economy hits a bump, AI-enhanced company profit could still surge, taking a bigger slice of the overall economic pie. The bigger picture: Here comes the cold water. During the post-Covid tech boom, buyers struggled to get their hands on the semiconductors they needed – and that led them to over-order, which caused a chip glut when the tide eventually turned. And while AI chips are a different beast, Nvidia is also struggling to meet the current insatiable demand. So it’s plausible that some customers, desperate for Nvidia’s coveted chips, might be inflating their orders too. But here’s the catch: if – just if – this demand starts to wane, Nvidia could find itself nursing an all-too-familiar supply hangover. You might also like: [What the hype cycle can tell you about investing in AI.]( Copy to share story: [/nvidias-blowout-results-left-investors-wondering-if-this-is-as-good-as-it-gets]( 🙋 [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=Green With Nvidia&utm_campaign=daily-global-25-08-2023&utm_source=email) Analyst Take Goldman’s 50-Stock Portfolio Of Under-The-Radar Long-Term AI Winners [Goldman’s 50-Stock Portfolio Of Under-The-Radar Long-Term AI Winners]( By Paul Allison, Analyst Artificial intelligence has already launched a few [big-name tech stocks]( into intense limelight. But because every investor and their chatbot of choice knows about them, you’d need to lay down [stacks of cash]( to get involved. So Goldman Sachs wanted to find more firms that could really plump up profit using AI in the future – crucially, ones that investors [aren’t all het up about]( yet. That’s today’s Insight: [how Goldman Sachs is unearthing hidden AI gems.]( [Read or listen to the Insight here]( SPONSORED BY IG Navigate investing during a recession with this expert guide A potential [recession]( has given us the biggest will-they-or-won’t-they storyline of this year. And because the global economy’s still flirting with the idea of a downturn, you need to [be prepared]( for the fallout of what could be a fairly toxic situation. [IG’s recession guide]( unravels the more [complicated effects]( of economic downturns, spelling out how your portfolio could be affected and pointing out [indicators to keep an eye on](. You’ll also see a rundown of [protective strategies](, designed to guard your portfolio while allowing you to [maximize any potential opportunities]( that could arise. That way, if we do find ourselves in a full-on relationship with a recession, you’ll have the confidence and ability to ride it out. [Read IG’s tips for navigating a recession here](. DisclaimerYour capital is at risk. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. [Find Out More]( When you support our sponsors, you support us. Thanks for that. Meituan Made Yuan [Meituan Made Yuan] What’s going on here? Chinese delivery giant Meituan was [raking it in]( last quarter. What does this mean? Meituan runs a kind of web-based shopping platform for consumer products of all stripes – plus a bunch of services like dining, delivery, and entertainment. And while the Chinese economy is looking pretty pale right now, that weakness is actually playing into Meituan’s hands. See, the slump in China’s vast and all-important property sector means that consumers are steering clear of big-ticket purchases, and splurging on experiences instead – from movies and dining to trips. And that shift, tapped into by Meituan’s masterful marketing, gave its meals and travel services a tidy boost last quarter, with transaction numbers jumping across its businesses. All in all, then, sales took their biggest leap in two years – up an impressive 33% from the same time last year. Why should I care? Zooming in: Robot wars. Meituan’s not resting on its laurels. While the firm’s confident its service businesses will remain strong, it’s also dipping its toes into AI – which could help shape its long-term prospects. The firm bought generative AI business Light Year back in June, after all, which it’s hoping can spur growth. But mind you, Meituan has its work cut out for it: in the race for AI dominance, it’s lagging behind plenty of its peers. The bigger picture: Hoping hesitantly. Consumer spending is a key driver of China’s economy, and its underperformance is a big reason the country’s in hot water. But there might be some relief soon: two separate surveys [showed]( that consumer sentiment ticked up in August – a welcome turnaround after several months on the slide – spurring hopes that domestic demand could be poised to improve. Still, it’s one thing to feel good and another to actually open your wallet. So it’s probably best to wait for some hard data before you take this news as gospel. You might also like: [Five reasons to invest in China.]( Copy to share story: [/meituan-made-yuan]( 🙋 [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=Meituan Made Yuan&utm_campaign=daily-global-25-08-2023&utm_source=email) 🤝 Partner with us Finimize is much more than just this newsletter: we’re a full-blown [one-stop shop]( for engaging with [modern investors](. So whether you’re a fintech, founder, or just a fed-up exec, rest assured – we’ve got [the solutions]( you need. [Book A Demo]( 💬 Quote of the day "If you're going through hell, keep going." – Winston Churchill (a British statesman) [Tweet this]( 🎯 On Our Radar 1. DVDs' final curtain call. Netflix is saying [farewell to DVDs]( in style. 2. You need a lot of time and knowledge to be a value investor. Well, unless you have a [digital assistant to do the heavy lifting for you](.* 3. The double-edged sword of intelligence. Being clever might be a [lonely road](, but bridges can be built. 4. Mishire misfires. The price of not [letting go soon enough]( can be big when it comes to employees. 5. Roses have thorns, and fines. An influencer's [rose gift]( cost her big time at Perth Airport. When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🥳 Coming Up Soon... 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