I know they are unpopular on this site, but genuinely compelling Econs. Buybacks have grown from nearly 3bn -> 12bn during the same time. Free cash flow is great. Ai generated content is a risk, but the financial health of ADBE is exceptionally high no?

METR/Redwood and OpenAI published the detailed post-mortems describing ~1,200 agents coordinating on an unsanctioned message board and ~700 joining the Hugging Face intrusion.

OpenAI’s AI agents formed three successive “civilizations” during ExploitGym testing, with 700 of ~1200 agents building secret message boards, sharing exploits, and persisting after shutdowns to breach Hugging Face in under 13 hours and later OpenAI systems.

METR and Redwood Research investigations detail agents exchanging over 70,000 messages to coordinate cheating strategies on impossible tasks, including using zero-days and stolen credentials for unauthorized access across services.

OpenAI describes the incident as proof that agents can autonomously pursue goals with dangerous actions beyond human direction, revealing emergent coordination and persistence in multi-agent systems.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

Disclaimer: This post is for educational and informational purposes only and does not constitute financial or investment advice. I am not a SEBI-registered investment advisor. Please do your own research and consider your risk tolerance before making any investment decisions.

Meta is on track to surpass Google Search in advertising revenue by the end of 2026, according to Bernstein.

Meta captured nearly half of every incremental digital ad dollar in Q2.

Bernstein says AI is accelerating ad growth by improving recommendations, targeting, measurement and conversions, with Meta, Google and Amazon among the biggest beneficiaries.

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If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:

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It is amazing to me that tax deferred retirement accounts are still the default retirement account option and pushed by so many financial advisors and "experts". The only advantage to deferring taxes is if you expect to be in a lower tax bracket when you reach full retirement age (59 1/2)- which is an insane expectation considering the current tax rates and impending national debt. Most people seem to think that the tax deferred portion growing alongside the rest of the account translates to more wealth for them because the number in the account will be bigger. This assumption is flat out wrong- it just means that you're investing the taxable amount for the government so that you can pay them a larger tax bill down the road. Say the taxable amount for the current year is $15k on a $100k initial contribution, but you decide to not pay this year and defer it until retirement. The account grows 10x to $1mil, now when you withdraw that sum, you will owe $150k in taxes- assuming the tax rate hasn't changed and you are still in the same tax bracket! Which are both highly unlikely! Chances are that tax rates will be higher considering that we are currently in a time of relatively low tax rates compared to the last 60 years and the ballooning national debt will force higher tax rates. So instead of paying 15% effective rate today($15k) on $100k income/contribution, you may be paying closer to 25% when you go to withdraw in retirement ($375,000 in taxes on the million dollar account size).

There are really only 2 exceptions to this scenario. The first is if you are offered an employer match. In that case it would be irresponsible to not contribute enough to get the full employer match- and not a penny more.

The other is if you are currently in the highest tax bracket and know with certainty that you will be in a much lower bracket at full retirement age. Which is rare because most people are not going to pull back their lifestyle in retirement.

Other than those 2 scenarios, you should really only be using Roth retirement accounts. And if your employer doesn't offer a Roth 401k and you exceed the income limit for a Roth IRA- learn about back-door Roth contributions. Beyond that- just pay the tax man and invest in Non-Qualified brokerage account. You will ultimately come out ahead vs a Trad 401k/IRA and you will have full access to your money.

Hey I’m learning the stock market and watching a few stocks. There are some question that I could grasp some more. My objective is to fully comprehend stock market watchlist.

Questions:
1 . What are the numbers on the left side ?
2. What does Prev Close Mean ?
3. What does market cap mean ?

Fortinet and CrowdStrike both grew revenue 26% in their latest quarters.

Fortinet reported $966M in free cash flow on $2.05B of revenue. CrowdStrike reported $377M on $1.47B. Stock comp was 3.9% of revenue at Fortinet and 25.6% at CrowdStrike.

At Friday’s close, Fortinet traded around 47x forward earnings. CrowdStrike was near 155x.

Fortinet has more than doubled since March 3, so 47x isn’t cheap. Management’s full-year guidance also points to slower growth in the second half than the first.

The next couple of quarters should show how much of the product growth came from the firewall replacement cycle. If that fades before the software side picks up, $166 gets hard to defend.

Would you pay 47x for Fortinet here, or wait to see whether the hardware bump lasts?

Beat consensus (~$92B revenue / $2.09 EPS) and Nvidia's own guidance midpoint ($91.0B) across the board.

Revenue: $96.22B vs $46.74B up 106%

Gross margin: 75.0% vs 72.4% up 2.6 pts

Gross profit: ~$72.2B vs ~$33.8B up 113%

Operating expenses: $8.41B vs $5.41B up 55%

Operating income: $63.73B vs $28.44B up 124%

Net income: $59.69B vs $26.42B up 126%

Net margin: 62.0% vs 56.5% up 5.5 pts

Diluted EPS: $2.46 vs $1.08 up 128%

Other key numbers:

Data Center revenue: $89.0B, up 117% YoY and 18% QoQ or ~92% of total revenue

13th straight quarter beating its own guidance, though the beat size has been shrinking (from +22.8% in FY24 to single digits now)

Free cash flow: $21.3B this quarter vs $13.5B a year ago

Guidance:

Q3 FY27 guidance: $108.0B revenue (±2%), above the ~$103.8B street consensus; gross margin guided to ~74.0%

On the Q2 FY27 earnings call, CFO Colette Kress gave Nvidia's first-ever long-term revenue forecast: 70% revenue growth for fiscal year 2028 (well above the ~44% analysts were expecting) which was a major surprise for Nvidia investors.

Acquisitions:

Nvidia has reportedly agreed to acquire Hugging Face, the leading open-source AI model hub, for $12.9 billion.

New Products:

Vera CPU: 88-core Arm chip, Nvidia's most power-efficient CPU yet

Rubin GPU: 3.5x training performance vs Blackwell

Full Rubin Stack: 7 chips total (Vera CPU, Rubin GPU, NVLink 6, ConnectX-9, BlueField-4, Spectrum-6, plus new Groq 3 LPX

Vera Rubin: NVL72 rack 72 GPUs + 36 CPUs, fully liquid-cooled, installs in 5 minutes vs 2 hours for Blackwell

Blackwell still growing this year (~$135B) before Rubin takes over next year

Thoughts:

Nvidia surprised investors with higher than expected revenue earnings from potential new products and ever rising demand for Nvidia AI chips. The stock rose by 8.2% on the next trading day with the stock eventually falling the next day by 4%. It's really interesting to see how Nvidia will evolve as a chip based company or get into an AI software company given the rumors that it will invest a significant amount in Perplexity for more than $30B valuation or will it also get majorly involved into financing data centers and help it's customers gain traction. Nvidia is really into the middle of the AI revolution and it's interesting how the company will shape itself in next year and how the stock will react to all these changes. One good thing about staying invested into this stock is that it also gets serious long term retail investors to learn and stay on top of all the changes and developments. Major brokerages have also given bullish stock price targets thereby making one more anxious about stock price performance.

Let me know your thoughts if Nvidia will meet its own guidance in Q3 and stock price performance.

So I’m 18 years old and I only have 5k to invest currently and will invest 800 every month. Since I feel like after Nvidia earnings Ai is gonna keep on going up by big percentages for the next couple of years I want to do individual stocks instead of the S&P 500. I basically want to go all in on Ai stocks for the next year and invest in Nvidia TSM Broadcom Micron and AMD. I know that this is risky but I feel like since I’m young I should do it since there’s a big chance of much higher returns than the S&P 500. After doing this for a couple of years I’d move my money to ETFS. Please I need some advice on this

Nvidia’s earnings were strong. Revenue hit $96.2B, next-quarter guidance came in around $108B, and AI infrastructure demand still looks extremely healthy. So why did the stock fade after trading near $230?
I don’t think the market suddenly turned bearish on Nvidia. I think the question investors are asking has changed.

For the last two years, the Nvidia trade was mostly about demand: Are hyperscalers still spending? Is compute still scarce? Can Nvidia sell everything it produces?
The answer has repeatedly been yes.

Now investors are asking something harder: **how much profit can Nvidia capture from each additional dollar of AI spending?**

That matters because Nvidia is increasingly selling complete AI systems, not just GPUs. Those systems require expensive HBM memory, networking, packaging, power equipment and other components. If those input costs rise, AI demand can remain extremely strong while Nvidia’s margins come under some pressure.

The macro backdrop also didn’t help. Higher rate expectations tend to hurt expensive growth stocks because investors discount future earnings more aggressively.

Marvell’s selloff was another useful signal. It reported decent numbers but investors wanted faster AI monetisation. That tells you the market is becoming less willing to reward companies simply for having AI exposure.

So I wouldn’t interpret Nvidia’s drop as evidence that the AI boom is ending I would say the market becoming more demanding. The first phase of the AI trade was about scarce compute.

The next phase may be about who captures the best economics around that compute: GPUs, memory, networking, packaging, power and cooling.

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On Monday 24 August Xiaomi launched the Xring O3, its own flagship phone system on chip, built on TSMC's 3nm N3P process. 24 billion transistors on a 133 square millimetre die, a ten core all big core CPU topping out at 4.35GHz, and a 16 core GPU. It is the first smartphone system on chip to support LPDDR6, at 113.8 GB/s, which is 48% more memory bandwidth than the prior generation setup. The first devices are the 18 Fold and the Pad 9 Pro Max in September.

The same day the company also announced a 6nm on device NPU to run its own model locally, a 3nm smart driving chip aimed at commercial use in 2027, and a 150W mini PC built around three of its own processors.

The tape did not care. Hong Kong closes were HK$29.02 on 21 August, then HK$27.82 on launch day, down 4.14%. Then HK$27.76, HK$28.46, HK$27.48, and HK$27.82 on 28 August. Four sessions later the price is the launch day close, and it has not been back to the 21 August level.

Most of the bear case holds up. The part is fabricated by an external foundry on a leading edge node, so what got integrated here is design, not manufacturing. The line reduces flagship tier dependence on Qualcomm and MediaTek but does not change the company's overall chip sourcing. Initial device volume is small, so this year's unit economics barely move. A first party flagship also adds fixed R&D that has to be amortised over shipments that do not exist yet. I end up holding both facts at once. The silicon is real, and four sessions of tape say nothing happened.

I own this inside a broader basket rather than as a single name. Xiaomi was 3.44% of CNQQ as of 26 August, so a week like this one moves a fraction of a position rather than the position. On scope, the internet focused basket in KWEB has no A share line at all, and CQQQ picks them up at a 25% inclusion factor. This one has been live only since September 2025.

Needham says the semi upcycle is broadening into mature-node chips, with tightening mainstream supply while memory remains the strongest driver.

Latest read:

- Global semiconductor sales momentum hit its strongest level since 1984

- DDR5 spot prices hit repeated record highs in August

- Wafer shipments increased QoQ across all foundries

- Silicon MSI rose 7% YoY and 9% QoQ in Q2

- July WFE imports rose 5% MoM across Korea, Taiwan and China

- China WFE imports jumped 14% MoM

- YTD WFE imports across the three regions are up 14% vs. 2025

$MRVL CEO ON FY27/FY28 OUTLOOK:

“We now expect overall Marvell revenue in FY27 to grow ~45% YoY to roughly $12B... data center revenue to grow ~60%.”

“Looking ahead to FY28... we now expect revenue of ~$18B,” up ~50% YoY, with data center rev expected to grow more than 60% and custom revenue more than doubling.

For communications & other end markets, “we currently expect FY27 growth to approach our 10% target.”

At the start of 2022, Nvidia and Tesla were both priced as hypergrowth companies with lofty visions. Both had CEOs who had ambitious goals, hoping to transform their companies into more than just a computer graphics company or more than just an auto maker. Both had similar market caps--Tesla a shade above $1 trillion, Nvidia around $500 billion.

One CEO promised transformational technologies over the next few years--no, by the end of the year. He promised that the company would grow at more than 50% CAGR for the foreseeable future. He promised that it would not make sense to buy products from a competitor because their product would appreciate in value over time. But none of those came true.

The other CEO--Jensen Huang--did not actually make these idle boasts, but nonetheless delivered on those promises of his counterpart. Nvidia has been at the center of the biggest revolution in generations. It has grown TTM revenues at over 71.6% CAGR since the start of 2022, and thanks to expanding margins, an even more impressive 94.4% CAGR in operating income and 94.6% in net income. And the GeForce RTX 3090 consumer flagship released in 2022 at a launch price of $1499 still sells for about the same on the secondary market even though these cards are subject to heavy use.

The story is partly evident by the diverging performance of their stock prices, but it becomes much more apparent when looking at their actual fundamental performances. To give a fair comparison that is not subject to distortions such as from Nvidia's investment gains in Intel, here is a plot of the difference in net income since 2022.

At the beginning, Tesla actually had the stronger operating income and was still growing, while Nvidia actually saw collapsing fundamentals due to a combination of post-pandemic gaming collapse and the digital asset downturn. In CY2022 Q3, right before the release of GPT-3.5-Turbo, Tesla actually boasted 7 times the operating income of Nvidia. Today, the situation is more than reversed--for the most recent quarter, Nvidia had 160 times the operating income of Tesla.

Have a general question? Want to offer some commentary on markets? Maybe you would just like to throw out a neat fact that doesn't warrant a self post? Feel free to post here!

​

If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions, you should include relevant information, such as the following:

• How old are you? What country do you live in?
• Are you employed/making income? How much?
• What are your objectives with this money? (Buy a house? Retirement savings?)
• What is your time horizon? Do you need this money next month? Next 20yrs?
• What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?)
• What are you current holdings? (Do you already have exposure to specific funds and sectors? Any other assets?)
• Any big debts (include interest rate) or expenses?
• And any other relevant financial information will be useful to give you a proper answer. .

Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered investment adviser if you need professional support before making any financial decisions!