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Stock Market

In the realm of semiconductor giants, Nvidia has long been a prominent figure, boasting exponential growth and commanding a significant portion of the market. However, in a surprising turn of events, one of Nvidia’s key customers, server-maker Super Micro Computer, has managed to surpass even the formidable Jensen Huang-led company in terms of stock performance.

While Nvidia experienced a remarkable 80% surge over a 10-week rally, fueled by soaring demand for chips essential in artificial intelligence (AI) applications, Super Micro Computer emerged as the unsung hero of the tech sector. The server manufacturer’s partnership with Nvidia, supplying servers brimming with the chipmaker’s AI-driven processors, propelled Super Micro Computer’s revenue projections to double this year, according to a report by the Wall Street Journal.

In the past year alone, shares of Super Micro Computer skyrocketed by over 1200%, a staggering feat that caught the attention of investors and analysts alike. Such impressive growth has propelled the company to the threshold of joining the prestigious S&P 500 index of major US-listed companies, underscoring its newfound prominence in the tech landscape.

Established in Silicon Valley in 1993, the same year as Nvidia’s inception by Jensen Huang, Super Micro Computer’s meteoric rise reflects the symbiotic relationship between the two entities. While Nvidia basks in the spotlight for its cutting-edge AI technologies, Super Micro Computer quietly plays a pivotal role as a key supplier, capitalizing on the burgeoning demand for AI-infused servers.

Nvidia’s dominance in the chip market has not gone unnoticed, with the company’s stock achieving unparalleled heights and cementing its status as a heavyweight contender. Boasting a market capitalization of approximately $2.2 trillion, Nvidia trails closely behind tech behemoths Microsoft Corp and Apple Inc, solidifying its position as a formidable force in the industry.

Jensen Huang, Nvidia’s visionary CEO, recently ignited speculation about the imminent arrival of artificial general intelligence (AGI), suggesting that such advancements could materialize within the next five years. While the prospect of AGI remains a subject of fervent debate, Huang’s optimistic outlook underscores Nvidia’s relentless pursuit of technological innovation and its enduring influence on the future of AI.

As Nvidia continues to push the boundaries of AI research and development, its collaboration with stalwart partners like Super Micro Computer exemplifies the collective efforts driving the tech industry forward. Amidst a landscape characterized by rapid advancements and fierce competition, both companies stand poised to shape the trajectory of AI-driven innovation for years to come.

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Influencing the artificial intelligence (AI) landscape, Nvidia, the world’s leading AI chipmaker, has disclosed stakes in several smaller AI companies, triggering a rally in their stock prices. The revelation, made in a 13F filing on Wednesday, provides insights into Nvidia’s strategic growth plans, particularly as the company cements its position as the third most valuable U.S. company, experiencing rapid market value expansion.

Nvidia’s largest disclosed investment, totaling $147.3 million, was in Arm Holdings, a chip designer that Nvidia attempted to acquire for $80 billion two years ago. Despite the deal facing antitrust challenges and ultimately failing, Nvidia’s continued interest in Arm is evident. The disclosure showcases Nvidia’s diversification into various companies, a move that analysts believe could lead to the development of more affordable and hyper-focused chipsets tailored for specific applications, rather than general-purpose AI chips.

Several AI-related companies witnessed a surge in their stock prices following Nvidia’s disclosure. Recursion Pharmaceuticals, a biotech firm in which Nvidia invested nearly $76 million, experienced a 5% gain. Nvidia’s investment in Recursion last year aimed to accelerate the training of the firm’s AI models for drug discovery.

Conversational voice assistants developer SoundHound AI saw its shares skyrocket by 50% to $3.33 after Nvidia invested nearly $3.7 million. Similarly, Nvidia’s stake in Israel-based medical device company Nano-X Imaging, which utilizes AI software for report analysis, led to a remarkable 52% increase in Nano-X’s shares.

Autonomous driving technology firm TuSimple Holdings, which recently delisted from the Nasdaq, drew $3 million in capital from Nvidia. The diverse investments by Nvidia indicate a strategic portfolio approach, supporting companies in need of capital and potentially yielding both winners and losers.

Rick Meckler, a partner at Cherry Lane Investments, noted that an investment from Nvidia is viewed positively by investors and can aid companies in raising capital. The disclosed stakes by Nvidia also attracted attention from retail traders, with SoundHound and Nano-X Imaging ranking among the top five most actively traded stocks by individual investors.

The surge in AI-related stocks extended beyond those directly invested in by Nvidia, with Guardforce AI witnessing an 11% increase and BigBear.ai Holdings gaining 10.3%. Notably, several prominent funds, including Rokos Capital Management and Bridgewater Associates, also invested in Nvidia toward the end of 2023, further solidifying the chipmaker’s prominence in the AI landscape.

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A pivotal turn of events: Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla collectively dubbed the “Seven Samurai” by financial expert Aswath Damodaran, orchestrated a remarkable market rebound in 2023. The “Magnificent Seven” played a crucial role in rescuing investors from the challenges of 2022, contributing to an impressive $5.1 trillion surge in their collective market capitalization.

These stocks, led by notable performers Nvidia and Meta, emerged as the driving force behind a 23.25% overall price appreciation in the US equity market. Microsoft and Apple, each adding a trillion dollars to their market caps, solidified their positions as major players in the market resurgence. Damodaran’s analysis reveals that these companies accounted for over 50% of the total increase in the US equity market capitalization.

The cumulative market cap of the Seven Samurai has witnessed a remarkable ascent over the last decade, soaring from $1.1 trillion in 2012 to an astounding $12 trillion in 2023. This represents 24.51% of the overall US market cap, signaling a substantial impact on the market landscape.

Damodaran delved into the factors propelling the success of these stocks. Despite a rebound from losses incurred in 2022, the stellar 2023 performance goes beyond mere correction, indicating robust profitability and operating performance. The Seven Samurai demonstrated pricing power, economic resilience, and acted as lucrative money machines, showcasing strong earnings.

The valuation guru emphasized the “winner-take-all economics” as a crucial factor, reflecting a shift from manufacturing to a technology-driven global economy. While acknowledging their past glory, Damodaran cautioned investors about the current premium pricing scenario, urging prudent investment strategies as the future remains uncertain. Even though the Mag Seven have reshaped the market landscape, their present valuation demands careful consideration.

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As we enter 2024, the market has seen a 7% gain in December, an 18% return in the last two months, a 46% return in 2023, and a 57% gain in nine months from the low of March.

Over the last 16 years, the NSE midcap index and the 100 stock index, reflecting midcap and large-cap segments, have witnessed negative returns in 12 out of 16 Januarys. Averaging a 2.2% negative return, exceptions include positive years like 2012, 2015, 2017, and 2020. Notably, 2012 showcased a double-digit return after a 25% market fall in 2011.

Examining historical data reveals nuanced market behavior. In 2011, a 17% market decline preceded the positive January of 2012. Similarly, despite a robust election outcome in 2014, 2015 saw a market return of less than 15% in the prior five months. The positive January of 2017 followed a 10% demonetization-led sell-off in 2016, and 2020’s positive start was amidst recovering from the NBFC crisis.

As we step into 2024, the market closed December with a 7% gain, showcasing an 18% return in the last two months, a 46% return in 2023, and an impressive 57% gain in nine months from the March low. While these gains hold significance for traders and momentum enthusiasts, long-term investors may view them as short-term fluctuations.

Decent macro-economic fundamentals, an anticipation of lower global interest rates, and reduced election risk post BJP’s strong performance in recent state elections contribute to positive factors. While January historically presents challenges, the current positive indicators suggest the market may defy seasonal trends.

The key lies in balancing short-term considerations with a long-term perspective as we embark on the new year.

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In just nine months, Rajiv Jain, an Indian-American investor, saw his firm’s investment in Adani Group shares skyrocket, gaining a whopping ₹17,000 crore.

The Rise of Adani Shares:

Rajiv Jain, the founder of GQG Partners, made a smart move in March by investing in Adani Group shares. Back then, Adani faced challenges, losing nearly 2/3rd of its market value after a report by an American conglomerate. Jain’s early support was crucial, bringing back confidence in the conglomerate.

A Remarkable Turnaround:

Since Jain’s investment, the Adani Group’s market value has soared, rising by billions of dollars. Adani, which faced skepticism, got a boost from Jain’s backing. The conglomerate’s market value, once at $150 billion, has now experienced a remarkable turnaround.

Jain’s Investment Success:

Jain invested ₹20,360 crore initially, and thanks to the rally in Adani shares, the portfolio’s value has ballooned to ₹37,459 crore by December 5. This incredible increase of 84 percent translated into a profit of over ₹17,000 crore.

Recent Developments Boost Adani’s Fortunes:

Recent positive developments, including Adani’s green energy unit securing a $1.4 billion loan and favorable reports from Bloomberg News, further fueled the rally. The sentiments of Adani’s investors were lifted by the Supreme Court’s remark that media reports against the group weren’t always “gospel truth.”

About Rajiv Jain:

Rajiv Jain is the chairman and chief investment officer of GQG Partners, a company he founded in 2016. Born in India, Jain moved to the US in the 1990s to pursue an MBA in Miami. His strategic investment in Adani Group has not only reaped significant rewards for his firm but has also played a key role in Adani’s impressive comeback.


Rajiv Jain’s timely and confident investment in Adani Group shares has proven to be a game-changer, contributing to the conglomerate’s remarkable turnaround. As Adani continues its positive trajectory, Jain’s success story stands out as a testament to the impact of strategic and well-timed investments in the dynamic world of finance.

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In a Nutshell: The stock market is buzzing with changes! Here’s a quick rundown of what happened overnight that might affect your investments.

Sensex and Nifty Expected to Shine: Good news for investors! The Sensex and Nifty 50 are likely to hit new highs today. The global mood is positive, and Asian markets traded higher.

Record-Breaking Tuesday: Yesterday, the Sensex and Nifty 50 hit record highs. Sensex rose by 431.02 points, and Nifty 50 settled 168.30 points higher. Investors are feeling optimistic due to strong macro numbers and the recent political victory.

Global Cues for Sensex: Asian markets are on the rise, and US Treasury yields dropped. Japan’s Nikkei 225, South Korea’s Kospi, and Australia’s S&P/ASX 200 all saw gains. Gift Nifty is also pointing towards a positive start for Indian markets.

Mixed Day for US Stock Market: In the US, stock market indices had a mixed day. Dow Jones fell a bit, S&P 500 eased, but Nasdaq Composite ended higher. Fresh employment data raised expectations of a sooner Fed rate cut.

US Job Openings Hit a Low: Job openings in the US hit a more than 2-1/2-year low in October. This suggests that higher interest rates might be affecting the demand for workers, hinting at a possible end to the Federal Reserve’s tightening cycle.

Oil Prices Drop, Dollar Rebounds, and Mastercard’s Move: Crude oil prices fell for the fifth consecutive day due to concerns about increased supply. The US dollar rebounded against various currencies. In a separate move, Mastercard approved a $11 billion share buyback program and raised its quarterly dividend.

Conclusion: The stock market is full of action! Positive global sentiments, record-breaking Tuesday, and various economic indicators are shaping the investment landscape. Stay tuned for more updates as the market journey unfolds.

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Introduction: The Indian stock market witnessed significant gains on Monday, December 4, following the Bharatiya Janata Party’s (BJP) triumph in three major states. The Nifty 50 and Sensex, India’s key market indices, reached new record highs, reflecting investor optimism fueled by the BJP’s victories. Let’s break down the key highlights in simple terms.

Market Milestones: Both the Nifty 50 and Sensex closed at historic highs, with the Nifty 50 reaching 20,686.80 (up 2.07%) and the Sensex soaring to 68,865.12 (up 2.05%). The BSE Midcap and Smallcap indices also hit fresh highs, closing at 34,999.76 (up 1.19%) and 41,051.01 (up 1.20%), respectively.

Market Capitalization Surge: Investors collectively gained about ₹6 lakh crore in a single session as the overall market capitalization rose to nearly ₹343.5 lakh crore. This surge marked a substantial increase from the previous session, making investors richer by approximately ₹5.8 lakh crore.

Top Gainers and Losers: Eicher Motors, Adani Enterprises, and Adani Ports emerged as the top gainers in the Nifty index, while HDFC Life, Britannia Industries, and HCL Tech faced minor losses. Notably, over 430 stocks hit their fresh 52-week highs during the trading day.

Sectoral Performance: Banking, financial, and oil & gas sectors witnessed robust gains, with the Nifty Bank index jumping 3.61%. The Nifty PSU Bank and Private Bank indices also surged, rising by 3.85% and 3.54%, respectively. However, Nifty Media and Nifty Pharma were the only sectors ending in the red.

Expert Insights: Vinod Nair, Head of Research at Geojit Financial Services, attributed the market’s all-time high to the BJP’s overwhelming victory, sparking optimism for a stable government post the General Election. He noted broad participation across sectors, anticipating continued foreign institutional investor (FII) value buying.

Technical Analysis: Rupak De, Senior Technical Analyst at LKP Securities, highlighted the Nifty’s surge past the critical resistance level of 19,850. With an optimistic outlook, De suggested that the index might move towards 21,000 unless it falls below 20,400.

Conclusion: The stock market’s robust performance post the BJP’s state election wins reflects investor confidence in political stability. As the market continues to respond to election outcomes and global economic factors, investors remain cautiously optimistic about future trends. Stay tuned for more updates on this dynamic market scenario.

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The Indian stock market is facing challenges influenced by global factors. Here’s a closer look at what’s happening:

1. Asian Markets: Asian markets had mixed results due to worries about rising interest rates impacting investor confidence. Japan, South Korea, and Australia saw declines in their key indices.

2. Gift Nifty: Gift Nifty hinted at a negative start for Indian benchmark indices.

3. Wall Street’s Struggles: US stock markets closed with significant losses as 10-year Treasury yields hit multi-year highs. Concerns about prolonged high-interest rates and economic impacts weighed on investor sentiment. Major indices like the Dow Jones, S&P 500, and Nasdaq Composite all faced declines.

4. Tech Giants’ Troubles: Tech giants, including Apple, Microsoft, and Amazon, saw their share prices drop, contributing to the market downturn. Amazon faced additional challenges with an antitrust lawsuit filed against it.

5. US Consumer Confidence: US consumer confidence hit a four-month low in September, reflecting concerns about the economy, labor market, rising prices, and recession fears.

6. OpenAI’s Valuation: OpenAI, known for ChatGPT, is reportedly discussing a share sale that could value the company at $80 billion to $90 billion.

7. Federal Reserve’s Outlook: Minneapolis Federal Reserve Bank President Neel Kashkari mentioned the possibility of a “soft landing” for the US economy but also a 40% chance of needing to raise interest rates significantly to combat inflation.

8. Government Bonds: The Indian government plans to issue bonds worth ₹6.55 lakh crore in the second half of 2023-24. This includes ₹20,000 crore through Sovereign Green Bonds and the introduction of a 50-year security for the first time.

These global factors present challenges for the Indian stock market as economic concerns and monetary policy decisions impact investor sentiment.

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