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NVIDIA In Focus – InsideArbitrage Friday Wrap

  • August 25, 2023


Our list of curated tweets for the current week

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Special Situations

More consolidation in the US shale industry

One thing that stands out is how acquisitive Thoma Bravo has been.

The next step in the UK for Activision Blizzard’s deal with Microsoft

Game-changing gaming deal: $MSFT selling $ATVI cloud game streaming rights to Ubisoft

Assuming $ATVI is flat at $90.72, implies 4.7% to $95, or 34% annualised if it closes on the CMA deadline of 18 Oct

Tower Semiconductor $TSEM falls 11% as Intel $INTC terminates $5.4 billion acquisition

What's the bear case on $TSEM?

The @VMware + @Broadcom deal got arguably its most difficult “approval” as the waiting period has expired without challenge.

The DOJ is scrutinizing the proposed $1.8B deal between Burlington-based @DesktopMetal and @Stratasys , further complicating the path to close for the local 3D printing company.

Franchise Group merger closed this morning at $30.

iRobot $IRBT will hold its virtual shareholder meeting on Oct 12 to allow shareholders to vote on the Aug 4 amended $AMZN #merger agreement in which the $IRBT price was trimmed to $51.75 cash from $61

 FTC likely to lose its challenge to the Horizon/Amgen deal, legal experts say

Seeing some odd stuff when reviewing recent 13F filings of certain event-driven funds.

$S Sentinel One exploring sale

Healthcare software vendor NextGen explores sale

Esmark's exit leaves Arcelor-Mittal as the only known potential challenger to Cleveland-Cliffs $CLF, which went public with its bid for U.S. Steel $X earlier this month.

$EHAB swallowing the ‘exploring strategic alternatives 💊’ - Good re-test for home health and hospice providers


Chinese regulators are looking to institute longer trading hours, lower transaction fees, and more share buybacks by listed companies.

$DRVN Driven Brands Announces $50 Million Share Repurchase Authorization

$WMT shareholder returns: "Share repurchases during quarter totaled $485 million representing 3.2 million shares at an average price of $152.78 per share- Remaining share repurchase authorization is $18.2 billion"

Earnings and NVIDIA

$WDAY up nearly $7 (3%) after hours after fiscal Q2 2024 results.

Williams-Sonoma: "Our sales ran -11.9% in Q2, but our 2-year comp was essentially flat, and our 4-year comp to 2019 was +39.7%."

Toronto-Dominion profit slips as expenses, loan losses jump

$ADI - miss and guide down as lead times normalize and customers adjust orders to be in line with demand and reduce inventories.

$NVDA does it again. Snapshot of its flawless quarter

Nvidia’s AI Surge Is Just Getting Started

$NVDA Q2 Data Center Rev. $10.32B, Est. $7.98B

$NVDA Amazing to think Nvidia's $25B share repurchase announcement would still only be about 1/50th shares outstanding!


Price Target Raised (Updated)

The timing for Arm's return to the public markets couldn’t get much better, with Wall Street flocking to anything connected to AI


After an ugly market reversal - with all the major indexes tumbling after hitting 50-day resistance - despite blowout Nvidia results

Takeaway from department stores isn’t a weak consumer.

The collapse of Walt Disney continues! $DIS shares poised to put in their lowest closing price in 9 years.

Steve Jobs was the single largest individual shareholder in Disney and it all started with this $5 million check.

Charles Schwab owes 130% of their total equity capital to short duration FHLB loans that have to be paid back soon.

Hermes below, Ferrari tomorrow to finish out luxury

Healthcare software firm Waystar eyes $8 bln valuation in U.S. IPO

Dropbox is ending its option for unlimited storage, saying it saw a surge of bad behavior after competitors also changed policies.

"Zillow Home Loans offers a 1% down payment option, opening homeownership to more borrowers"

The average 30-year fixed U.S. mortgage rate jumps to 7.48%

Bruce Greenwald invited Li Lu to speak to his class on value investing.

A really great interview from a current Account Executive at Stripe. Talking about $ADYEY and $PYPL.

Car dealerships

India’s real GDP growth during the first quarter of FY24 is expected to be better than the Reserve Bank of India’s estimate of 8.