分组1 - Bailard Technology Strategy generated a 9.36% net return in Q3 2025, underperforming compared to the S&P North American Technology Index's 13.14% return and the Morningstar U.S. Open-End Technology Categories' 11.64% return [1] - The quarter showed improved technology fundamentals driven by structural demand trends and evolving regulations across key verticals [1] - NVIDIA Corporation (NASDAQ:NVDA) was highlighted as a cornerstone holding, contributing +216 basis points to the strategy with an 18.10% return [3] 分组2 - NVIDIA Corporation reported $57 billion in revenues for Q3 2026, marking a 62% year-over-year growth [3] - NVIDIA's stock gained 38.58% over the last 52 weeks, closing at $190.53 per share on December 26, 2025, with a market capitalization of $4.639 trillion [2] - The company continues to lead in accelerated computing and datacenter networking, supported by its unmatched developer ecosystem and innovation cadence [3]

AI is essential infrastructure like electricity and the Internet. This revolution is powered by the GPU, the heart of a new type of computing. One that could solve problems normal computers can't.And it started with graphics. The detail that our eye can see is extraordinary. And what creates the appearance of what we see in our everyday world are these incredible details that you get when you look up close at something.It's all of that together is what makes something look real. To have computer graphics sc ...

Financial Performance - The company's sales performance has stabilized, showing evidence of progress[6] - Free cash flow provides flexibility for debt reduction and business reinvestment[12] - Working capital saw a 15% reduction from its peak in the second quarter of fiscal year 2019[14] - The company's free cash flow growth supports a reduction in the net debt ratio to 2.7x[16] - Adjusted diluted earnings per share for Q4 2019 was $(0.08) compared to $0.00 in Q4 2018[19] - Adjusted EBITDA for Q4 2019 was $3.262 million, compared to $3.627 million in Q4 2018[21] Segment Performance - Lighting segment customer orders increased by a high single-digit percentage year-over-year in F4Q19[8] - The Graphics segment experienced strong sales and order levels, particularly in the petroleum vertical[10] - Lighting segment adjusted EBITDA margin was 7.9% in Q4 2019, compared to 6.1% in Q4 2018[22] - Graphics segment adjusted EBITDA margin was 4.8% in Q4 2019, compared to 8.5% in Q4 2018[22]