🤩 Nvidia's big reveal

Nvidia finally unveiled the most-awaited results yet | Investors didn't bat an eyelid at HSBC's record-breaking year | [Finimize](   TOGETHER WITH   Hi {NAME}, here's what you need to know for February 22nd in 3:11 minutes.   🤓 You can pick up a lot from investing experts – if they decide to speak like a regular human for once. So join us for [Embark On Your Investment Journey With CFA Institute]( next Thursday, and discover super-smart tips fit for beginners. [Grab your free ticket]( Today's big stories - Nvidia announced long-awaited, much-anticipated results that blew past expectations again - Buffett and Gates made major trades – [Read Now]( - HSBC’s profit tumbled last quarter after the bank unexpectedly wrote down the value of its stake in a Chinese bank Envy-Dia [Envy-Dia] What’s going on here? Chipmaker Nvidia reported results that could turn the rest of the industry into a green-eyed monster. What does this mean? Nvidia’s results were the most anticipated in the chipmaker’s three-decade lifetime. Analysts have more than doubled their expectations for Nvidia’s 2024 books over the last year, while investors have sent the stock up 40% this year alone. Despite that, analysts worried that the US government’s ban on exporting chips to China would have put a clamp on the stateside chipmaker’s sales. Well, looks like they underestimated the stock market machine. Nvidia pulled in $22.1 billion in revenue last quarter, higher than the $18 billion from the one before and trouncing expectations of $20.6 billion. And it said the next round of results will be even spiffier, with sales of $24 billion, well above consensus of $22.2 billion. So with Nvidia already flying past predictions for a while now, it’s no wonder investors have stars in their eyes: the stock was 8% higher just after the news. Why should I care? Zooming in: Talk about FOMO. That chip ban left a nasty dent in Nvidia’s sales and could cause more problems down the road. China is expected to make up less than 10% of its sales, down from 20% last year. And even if stateside sales make up the difference, Nvidia missed the chance at a foothold in the Chinese market. That said, with cloud companies like Microsoft and Amazon as loyal customers, and plenty of governments keen to line their industries with AI solutions, Nvidia’s hardly going it alone. The bigger picture: Nvidia’s firmly in the squad. Nvidia has been jostling to become the third-biggest company in the US. Now, investors do have their worries about that whole Big Tech brigade: the US stock market’s been pulled up by only a few tech stocks, which can indicate overinflated prices. At the moment, though, they have profit and projections that seem made of steel, so best not bet on a dot-com-esque bust anytime soon. You might also like: [Supermicro could be the next Nvidia.]( 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=Envy-Dia&utm_campaign=daily-global-22-02-2024&utm_source=email) Analyst Take Not Everyone’s Buying Tech: Here’s What Buffett And Gates Have Been Doing [Not Everyone’s Buying Tech: Here’s What Buffett And Gates Have Been Doing]( By Russell Burns, Analyst When the richest in the world make portfolio moves, investors everywhere [take notice](. And this past quarter, heavyweights from [Warren Buffett]( to [Bill Gates]( moved huge stacks of money around. That’s according to the latest batch of 13F regulatory filings: the government paperwork with the [best potential investment ideas](. That’s today’s Insight: [the stocks that Buffett and Gates have been buying and selling](. [Read or listen to the Insight here]( SPONSORED BY CFA INSTITUTE Happy anniversary to you This year is a biggie. No, not because of your friend’s wedding. Or the birth of your niece. Definitely not your “find yourself” trip to Asia, either. It’s the one-year anniversary of the [Investment Foundations Certificate]( by [CFA Institute](, duh. Now usually you’d be getting them a present, but this time, it’s switched. You can work through the certificate in your own time online, [honing your financial skills and literacy without taking a career break]( to do a masters’ or low-paid work experience in a new field. And happy anniversary: [you get one free lesson, designed to get you on the path to your next big promotion or career switch](. That beats a candle and cake any day. [Discover The Free Lesson]( When you support our sponsors, you support us. Thanks for that. Tough Shift [Tough Shift] What’s going on here? HSBC was forced to [shave]( billions off the books, despite Europe’s biggest bank killing it at the day job. What does this mean? The saying “bad things come in threes” was clearly true for HSBC last quarter. The financial services company took a $2 billion hit from selling its French lending business, had to set aside $200 million to cover possible losses from China’s real estate sector, and was forced to write down its stake in a Chinese bank by $3 billion. That pushed profit down 80% last quarter from the same time the year before. Still, HSBC brought in record-breaking profit for the year as a whole, with higher interest rates making lending more lucrative. But neither that nor the announcement of $2 billion in share buybacks could make investors forgive those forgotten billions, so they sent HSBC’s stock down 8% on Wednesday. Why should I care? The bigger picture: Extra-cautious optimism. HSBC’s been leaning into Asian markets for the last few years, a strategy that had been paying off handsomely. But with China’s ailing property market threatening to derail lenders and the wider economy, banks have been forced to stockpile emergency cash. That money might not get touched, though: HSBC’s top brass believe the worst is over for China’s property sector, doubling down on their confidence in the world’s second-biggest economy. Zooming out: Bigger isn’t always better. As one of the world’s biggest lending companies, HSBC is particularly sensitive to changing interest rates. Higher rates mean charging borrowers more for their loans. But with central banks expected to take the head off interest rates this year, HSBC predicts it’ll make almost 10% less from interest payments – minus the interest that it pays out – this year than last, a bigger drop than analysts expected. You might also like: [How to analyze and invest in bank stocks.]( 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=Tough Shift&utm_campaign=daily-global-22-02-2024&utm_source=email) 💬 Quote of the day "An artist cannot fail, it is a success to be one." – Charles Horton Cooley (an American sociologist) [Tweet this]( SPONSORED BY TPP Stick it to the status quo The wealthy and well-connected already have it all. So don’t let them keep the best investing strategies to themselves, as well. You can access [proven trading strategies from top-ranking analysts with TPP]( and even the playing field. You’ll get advice on how to integrate [world-class strategies]( into your own portfolio management, and you won’t need to fork out for a wealth advisor, either. The subscription model means you’ll always avoid performance, management, entry and exit fees, leaving you to focus on [your investments]( instead of your bills. The average TPP strategy has made returns of 20% a year since the platform first started. [Discover it for yourself](. [Find Out More]( When you support our sponsors, you support us. Thanks for that. 🎯 On Our Radar 1. Born to be wild. Here’s how to [connect with nature]( when your day-to-day is blue light and email etiquette. 2. Gyms, restaurants, car dealerships. [Celebrities and the ultra-wealthy have been investing in franchises]( for years, and now you can too.* 3. Robin Hood stole from the rich and gave to the poor. Robinhood has a different strategy, but it's [just as successful](. 4. You don’t need to decline meetings anymore. Your [AI-self can attend them]( instead. 5. Kiss the chef, if you can afford it. Weird things happen [inside this restaurant](. When you support our sponsors, you support us. Thanks for that. SPONSORED BY HEALTHWORDS.AI [HEALTHWORDS.AI]( When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🤩 Coming Up Soon... All events in UK time and online except one. (You'll spot it.) 🔒 [Unlocking Trading Opportunities In 2024](: 1pm, February 26th 🔮 [Future-Proof Your Portfolio With Artificial Intelligence](: 5pm, February 27th 🔥 [Embark On Your Investment Journey With CFA Institute](: 5pm, February 29th 🎟 [Understanding Wealth Client Behavior with Avaloq](: 5pm Central European Time, February 29th at the Mandarin Oriental Savoy, Zurich 🤑 [The Rise of Bitcoin ETFs](: 5pm, March 6th 🚀 [2024 Modern Investor Summit](: 2pm, December 3rd ❤️ Share with a friend Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? 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