Manchester & London Inve... Share Discussion Threads

[takeiteasy] 17/1/2025 08:35

NVDA dectractors/shorts constantly snipe that demands will wane in 2025/2026. The detailed review of the TSMC production scheduling and CAPEX provides a strong counter narrative in the video...

Each to make up their own mind.

Our manager has posted to this effect on his Twitter feed this week.



nai/dyor etc

[takeiteasy] 16/1/2025 06:55

TSMC results early today

"The main chipmaker to Apple Inc. and Nvidia Corp. projected revenue of $25 billion to $25.8 billion in the March quarter, surpassing the $24.4 billion analysts predicted on average. The Taiwanese company foresees spending $38 billion to $42 billion on technology and capacity upgrades this year, exceeding the $35.2 billion estimate.
The strong performance is likely to buoy optimism that the AI spending cycle that drove TSMC and Nvidia to new heights will continue this year..."

“Even after more than tripling in 2024, we forecast our revenue from AI accelerators to double in 2025 as a strong surge in AI-related demand continues as a key enabler of AI applications,” he added. CNBC article


nai/dyor etc

[takeiteasy] 15/1/2025 18:34

Beth Kindig (tech analyst Twitter today)

Nvidia $NVDA is rumored to be setting up an ASICs division in Taiwan to develop customized AI chips, with Big Tech deploying millions of custom chips alongside millions of Nvidia’s GPUs in 2024.

JP Morgan: “Nvidia continues to see a strong demand setup for CY25 as it brings to market its Blackwell platform.”

Taiwan's $NVDA GB200 supply chain on overheating and delay rumors:
"How many times will the same rumor come?"

I.e we are being played it seems (again and again) nai/dyor etc

[takeiteasy] 15/1/2025 11:35

MSM tittle tattle out in force by NVDA detractors this week - rehashing the chip overheating stories (denied by CEO), purchase delays by hyperscalers (denied by CEO) and a new Biden chip bill that restricts chips to certain countries. This is up for 120 day review so may be knocked back by DT anyway.
You would think that traders pretty much saw through all of this by now at the 5th or more attempt...

nai/dyor etc

[takeiteasy] 15/1/2025 08:00

Manager tweet this week on MSFT
hxxps://x.com/MLCapMan/status/1879201171350708553/photo/1
nai dyor

[takeiteasy] 15/1/2025 07:42

hxxps://uk.investing.com/news/assorted/pearson-and-microsoft-announce-multiyear-partnership-to-transform-the-future-of-learning-and-work-with-ai-432SI-3874009

nai/dyor etc

[takeiteasy] 14/1/2025 10:07

SK Telecom $SKM has launched an AI cloud service in South Korea utilizing Nvidia's $NVDA H100 GPUs, in collaboration with Lambda.

SK also plans to adopt the H200 in Q1 as it works to build out a data center hub in Korea.

courtesy Beth Kindig Tech Analyst (Twitter)

nai/dyor

[takeiteasy] 14/1/2025 06:30

US tech analyst putting the extraordinary performance of new nVDA desktop AI PC into context.

For $3k it can handle AI models of up to 200bn paramaters, on the market today the one viable alternative is from Qualcomm that costs $1k that can handle a reported 13bn paramater set up.

So for 3 times the price you get 15 times the compute power :)

nai/dyor etc

[takeiteasy] 13/1/2025 05:43

"New poll says 51% of UK firms intend to invest in AI rather than increase hiring".

hxxps://www.msn.com/en-gb/money/other/uk-to-go-all-in-on-ai-as-starmer-throws-weight-of-whitehall-behind-technology/ar-BB1rksaL
"UK to go ‘all-in’ on AI as Starmer throws weight of Whitehall behind technology...It will see the Government create a series of AI “growth zones”, starting in Culham, Oxfordshire, where it will accelerate planning approvals for data centres and improve access to the energy grid....The Government has also pledged to increase the UK’s compute capacity 20-fold by 2030, including by building a new supercomputer...."

If you belive the research for future years ahead firms are likely to invest further in physical AI including robotics to counteract the declining birth rates in the Western world and mitigate costs - let us see how the all pans out...

As the saying goes the times they are a changing :)

Nai/dyor etc

[takeiteasy] 10/1/2025 09:58

nice update from TSMC today

"TSMC’s latest sales figures may also give hope to investors that the the demand for artificial intelligence chips and services may continue into 2025...."

nai/dyor etc

[takeiteasy] 10/1/2025 09:01

arguably one of the worst performing stocks in our portfolio - any merit in the name at all?

nai/dyor etc

[takeiteasy] 10/1/2025 08:14

What effect will NVDA mini AI computer on the PC market?





Bader, who has worked on research projects with Nvidia in the past, said the computer appears to be able to handle enough data and information to train the biggest and most cutting-edge models. He told CNBC that Anthropic, Google , Amazon and others “would pay $100 million to build a super computer for training” to get a system with these sorts of capabilities.

Wonder when any of us in UK will start ysing these :)

nai/dyor etc

[takeiteasy] 10/1/2025 07:31

What is the business case to upgrade to the new blackwell chips. It seems energy usage and power are now important priorities...

"Nvidia's flagship H100 GPU was built on its Hopper architecture, and it helped the company win 98% of the entire market for AI data center chips in 2023. It was superseded by the H200 GPU, which started shipping in mid-2024, and offered almost twice the performance. But in 2024, Nvidia revealed an entirely new architecture called Blackwell, which promises an even bigger leap in performance.

The Blackwell-based GB200 NVL72 GPU system can perform AI inference a whopping 30 times faster than the equivalent H100 system. That performance is unleashed by Nvidia's fifth generation of NVLink networking technology, which allows GPUs to communicate with each other faster than ever. The GB200 NVL72 system is also 25 times more energy-efficient than the equivalent H100 infrastructure, which can save data center operators substantial amounts of money on electricity costs".

hxxps://www.aol.com/2-key-reasons-im-predicting-092800413.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAALiQ5akO7lQB2th7b4iikMye3H2PN44nodLSCDzqcqX07eK1--YwsoP2r_yVLVoq6enbkRn4vNi-ZpTgHHRK6nWvaPYchOWos47EMdEHieFp-dzSinIfR34_X1VeEiMcjdNA4NfQ5myot9pHXrR1GJ2ioXL_A_JuekG3aBe5ayHu

nai/dyor etc

[takeiteasy] 09/1/2025 16:13

hxxps://www.msn.com/en-us/money/top-stocks/all-but-1-magnificent-seven-stock-beat-the-s-p-500-in-2024-here-s-why-it-could-be-a-big-winner-in-2025-and-beyond/ar-AA1xaEWE

would help given we hold c.23% in this name....

nai/dyor etc

[takeiteasy] 09/1/2025 12:04

Happy NVDA customer - should we fear the competition from rival google chips :)



Even without a consumer business, Cohere has to spend heavily on Nvidia’s costly GPUs, which are in huge demand for companies that are training models and running big workloads. In Cohere’s early days, the company secured a reserve of Google chips to help it pretrain its models. Over the past year, Cohere has moved more toward Nvidia’s H100 GPUs.

“We’ve increased our spend on them, because they’re working really well,” Frosst said.

nai/dyor etc

[takeiteasy] 09/1/2025 07:06

More commentary on the physical AI aspects of the recent presentation - driving, robots and physical AI and comparison to Tesla. A rather enthusiastic presenter ...



nai/dyor etc

[takeiteasy] 08/1/2025 17:20

New NAV up to 933, analysts finally supporting both out manager's top picks here :)

hxxps://uk.investing.com/news/stock-market-news/ubs-survey-results-point-to-nvidia-microsoft-and-openai-as-key-ai-winners-3865715

"In the hardware sector, Nvidia remains the preferred AI compute platform, with its technology being used not only for training but also increasingly for inference.
Meanwhile, Microsoft Azure has solidified its position as the top cloud infrastructure provider for hosting AI workloads, with Amazon (NASDAQ:AMZN) Web Services (AWS) maintaining its second-place ranking".

nai/dyor etc

[takeiteasy] 08/1/2025 13:33

US chip analyst on twitter yesterday...

Nvidia $NVDA CEO Jensen Huang reconfirmed that Blackwell is in full production, while "every single cloud service provider now has systems up and running."

Huang also said there are three new Blackwell systems in production now beyond the GB200 NVL72.

6 Jan
Supply chain signals indicate Blackwell sales will likely far exceed Nvidia's $NVDA GPU sales from 2023 and 2024 combined.

nai/dyor etc

[takeiteasy] 08/1/2025 13:27

Wall Street's underestimating Nvidia's growth by 30%, says Wedbush's Dan Ives
"Demand to supply 15 to 1".....
"AI is NVDA's world - everyone else is simply paying rent"

Bit like listening to Syd Wadell with the darts commentary and the range of quotes from this analyst

nai/dyor

[takeiteasy] 08/1/2025 08:48

Someone assessing the contents of NVDA CES



I would hope if anyone only has 10 seconds to review a part of this, comments around the 15mins 30 seconds mark were rather interesting :)

nai/dyor etc

[takeiteasy] 07/1/2025 10:57

"We stand by our Long Term Price Target on NVDA of $185 and we think there is a good chance we see that price in H2 2025" - our manager has trimmed his prior target from 200 to 185. Others are now raising up to 220. Meanwhile NVDA charges through more new highs at 152 atm....premarket..

"Rosenblatt Securities Adjusts NVIDIA Price Target to $220 From $200"

nai/dyor etc

[takeiteasy] 07/1/2025 09:02

Sums it up perfectly...one of the tiniest minority of active managers to beat the QQQ and SP500 last year and year before ...and the analysts are "jumpy"...you can only smile...
hxxps://citywire.com/wealth-manager/news/david-stevenson-overlooked-trusts-for-the-new-year/a2457063?re=127051&refea=411343&link_id=1789953

"My list of funds starts with Manchester & London (MNL), a global equity fund. It isn’t without controversy, with some very well-known fund analysts being openly critical, but you have to hand it to manager Mark Sheppard – if you are going to take big, bold, concentrated bets, he at least takes the right ones. The fund’s big bet is on AI, with Microsoft and Nvidia the biggest holdings by a country mile (more than 60% of the portfolio). As you might expect from such a bet, the fund’s performance has been outstanding, with net asset value (NAV) up 54% in 2024, according to Morningstar, but the shares trade on a chunky 21% discount, which is a bit harsh. You could, of course, buy Microsoft and Nvidia stock yourself and probably get similar, though not identical, returns. However, Sheppard is very much plugged into the whole debate around AI and has been making some interesting side bets on vehicles such as Arista Networks".

lols....nai/dyor etc

[takeiteasy] 07/1/2025 08:14

2 hour NVDA CES presentation in 12 minutes...what does everyone think of this vision for the future?


hxxps://www.msn.com/en-us/news/technology/the-top-ai-takeaways-from-nvidia-s-ces-2025-keynote-to-know-about/ar-AA1x58yN

nai/dyor etc