Core Insights - Monitoring the portfolios of large, successful companies can provide valuable investment ideas, similar to tracking famous investors [2] - Nvidia has invested $4.3 billion in six AI stocks, with CoreWeave being the largest investment [2][6] Nvidia's AI Investments - Nvidia owned over 7.7 million shares of Applied Digital valued at $77.7 million, focusing on blockchain and high-performance computing [4] - Nvidia's 1.1 million shares of Arm Holdings were valued at $178.1 million, a leading semiconductor developer [5] - CoreWeave, Nvidia's largest investment, consists of nearly 24.3 million shares worth approximately $3.96 billion, centered on generative AI applications [6] - Nvidia's stake in Nebius Group, valued at $65.9 million, has increased significantly following a multibillion-dollar deal with Microsoft [7] - Recursion Pharmaceuticals, valued at almost $39 million, utilizes AI for drug discovery, with Nvidia holding 7.7 million shares [8] - Nvidia's smallest investment is in WeRide, valued at around $13.7 million, which uses Nvidia's technology for autonomous vehicles [9] Performance and Outlook - Most of the AI stocks in Nvidia's portfolio remain unprofitable, but one stock stands out due to its valuation and growth prospects [10]

Core Insights - Oracle's shares surged following the release of first-quarter results, driven by robust growth in its cloud and AI infrastructure business, alongside a record backlog of multi-billion-dollar contracts, emphasizing its expanding role in the AI market [1][4] Company Performance - Oracle's cloud platform experienced a surprise gain, with a Recovery Point Objective (RPO) climbing to $455 billion, marking a 359% year-over-year increase, and a backlog increase of $317 billion in a single quarter [4][6] - The cloud RPO surged nearly 500% year-over-year, indicating strong demand for Oracle's services [4] - Oracle's capital expenditure guidance increased to $35 billion from over $25 billion, reflecting demand that significantly outstrips supply [4][10] Analyst Ratings and Projections - Piper Sandler's Brent Bracelin maintained an Overweight rating and raised the price forecast from $270 to $330, highlighting Oracle's transformation into a leader in AI infrastructure [3] - Citizens JMP analyst Patrick Walravens reiterated a Market Outperform rating and raised the price forecast to $342 from $315, projecting adjusted EPS of $6.75 for fiscal 2026 and $8.04 for fiscal 2027 [5][6] - Bank of America Securities analyst Brad Sills upgraded Oracle from Neutral to Buy, raising the price forecast from $295 to $368, and projecting OCI revenue to grow at a 51% four-year CAGR [8][9] Market Position and Future Outlook - Oracle is positioned as a key player in the AI infrastructure market, which is expected to reach $155 billion by 2030, attracting top-tier customers such as OpenAI, Meta, Nvidia, and AMD [9] - The company's ability to secure multi-billion-dollar AI contracts and sustain over 40% growth across IaaS and SaaS segments could elevate the cloud mix to over 50% of revenue next year [5] - Projected fiscal 2028 adjusted EPS is expected to rise to $14.32, reflecting anticipated revenue growth of 53% [6]

Core Insights - The significant growth in database revenue, reported at 1500%, is primarily driven by major players like Amazon, Alphabet, and Microsoft, although concerns about low margins and profitability persist [1] - The excitement surrounding the cloud infrastructure business is reminiscent of Nvidia's guidance in May 2023, indicating potential for substantial revenue growth through the decade, despite questions about margins and free cash flow [2] - The reported RPO (Remaining Performance Obligations) growth of 455% and the addition of over $300 billion in contracts within three months highlight a strong pipeline of business, which may mitigate concerns about margins for investors [3][4] Company and Industry Analysis - The demand for AI capabilities is driving new customer acquisitions, with companies like OpenAI and Oracle benefiting from changing commercial terms, indicating a shift in market dynamics and increased capex spending [5] - The infrastructure for new technology is being built out, allowing companies like Nvidia to monetize their investments through cloud platforms, with Microsoft Azure and Amazon Web Services showing acceleration in this area [6] - The cloud market is becoming more competitive, with a broader distribution of market share among players, creating additional investment opportunities beyond the dominant two players [7]

Core Company Insights - CoreWeave has experienced significant stock price appreciation, with shares increasing over 200% since its IPO [1] - The company reported extraordinary revenue growth, achieving year-over-year increases of 1,346% in 2023 and 737% in 2024 [3] - CoreWeave's adjusted operating income improved from a loss of $21.4 million in 2022 to $0.7 million in 2023, and further to $355.8 million in 2024 [4] Future Projections - Management forecasts 2025 revenue between $4.9 billion and $5.1 billion, with adjusted operating income projected at $800 million to $830 million, indicating year-over-year growth of 163% and 129%, respectively [5] - The company is set to acquire Core Scientific, which will enhance its data center infrastructure and power capacity, crucial for supporting AI computing [6][8] Infrastructure and Cost Efficiency - The acquisition will provide CoreWeave with an additional 0.5 GW of power capacity and 1 GW of expansion capacity, addressing potential infrastructure challenges [8] - CoreWeave anticipates eliminating over $10 billion in lease liability overhead costs over the next 12 years, with projected annual cost savings of $500 million by the end of 2027 [9] Market Sentiment - Despite the positive outlook from the acquisition, market reactions have been mixed, with shares down approximately 17% since the announcement [10] - The acquisition is viewed as a strategic move to bolster CoreWeave's position in the AI growth sector, enhancing its attractiveness as an investment opportunity [11]

Core Viewpoint - Kingsoft Cloud Holdings Limited will release its unaudited financial results for Q1 2025 on May 28, 2025, before U.S. market opening [1] Group 1: Financial Results Announcement - The financial results will cover the period ended March 31, 2025 [1] - The announcement is scheduled for before the opening of U.S. markets on May 28, 2025 [1] Group 2: Earnings Conference Call - Kingsoft Cloud's management will host an earnings conference call on May 28, 2025, at 8:15 am U.S. Eastern Time [2] - The corresponding time for Beijing/Hong Kong is 8:15 pm on the same day [2] Group 3: Preregistration Information - Participants can preregister for the conference call via a provided link to receive dial-in numbers and access codes [3] - After preregistration, participants will receive a calendar invite with the necessary details to join the conference [3] Group 4: Webcast Availability - A live and archived webcast of the conference call will be available on the Company's investor relations website [4] Group 5: Company Overview - Kingsoft Cloud is a leading cloud service provider in China, offering a comprehensive cloud platform with extensive infrastructure and industry-specific solutions [5]