#NDVA huge number & 'decelerating revenue growth' / U.S & UK talks : Tax on unrealized gains / U.S PCE tom

• Nvidia : huge number again, seems it ''failed to live up to investor hopes'', Why ? let's look into the microscope : ''hypergrowth and margins maybe topping out over next few quarters''...net profit margin moved down slightly to 55% in Q2 from a record 57% in Q1 (1st decline in its profit margin since Q2 2022), forecasts Q2 2025 marked the first quarter of decelerating revenue growth for #NVDA since forecast Q4 2023, and guided for further deceleration in later on next year, 'the smallest earnings beat over the past 6 quarters''

• Super Micro Computer Inc.’s 10-K delay. The San Jose, California based-company’s shares plunged 19% after it said it will delay filing its annual financial disclosures and will need additional time to assess its internal controls

• Google has paid Apple around $120 billion since 2010 to be the default search engine on every iPhone, iPad, and Mac. According to Goldman Sachs, around $20 billion was paid just last year alone

• Fears of rise in UK capital gains tax trigger selling ‘frenzy’. Wealth managers report upswing in activity as investors position themselves ahead of October Budget

• Kamala Harris proposes 25% tax on unrealized gains for high-net-worth individuals, risk that it can come into UK budget too (lacking details for now but plenty of talks)

  
  

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Nvidia beats second-quarter expectations on AI chip demand (qz.com)

CNBCOvertime on X: "Nvidia reported a 122% revenue growth in its Q2 report, but don't expect the same in the next few years. Paul Hickey, co-founder of @bespokeinvest, explains why he thinks revenue could slow down and why you should look outside the Mag 7. $NVDA https://t.co/7C4Z4Jp44w" / X

Dan Niles on X: "Following $NVDA’s results today, I thought it might be worthwhile to re-examine the current AI landscape both short-term and longer-term. I wrote on July 11th, “I continue to believe there is a rising mismatch between the amount of capex spent on AI and the resulting revenues" / X

Fact Check: Posts Claim Harris Plans to Institute 25% Tax on Unrealized Capital Gains. Here's the Truth (msn.com)

Fears of rise in UK capital gains tax trigger selling ‘frenzy’ (ft.com)

Telegram CEO charged with allowing criminal activity by French prosecutors (cnbc.com)

French Authorities Charge Telegram's Durov in Probe into Organised Crime on App (chronicle.lu)

How can big data reduce shipping emissions? - Financial Times - Partner Content by Mitsui O.S.K. Lines (ft.com)

Shinjiro Koizumi could be a top contender in Japan's leadership election (cnbc.com)

Ukraine’s Bondholders Approve $20 Billion Debt Restructuring - Bloomberg

Trump budget proposals would spike deficits 5 times more than Harris (cnbc.com) Gold should stay well bid in this scenario / USDollar under pressure still etc

UK's Starmer warns October 30 budget will be 'painful' (msn.com)

Preparing for the worst? Polish central bank becomes biggest buyer of gold | Euronews

Super Micro shares slammed following delay in annual filing (yahoo.com)

Mortgage rates keep falling. Homebuyers still aren't biting (qz.com)

Schweiz: "Tages-Anzeiger" in der Krise – Leserzahlen und Werbeeinnahmen im Sinkflug — RT DE (rtnewsde.com)

Bob Elliott on X: "Australia a case study in a central bank that has been behind the curve tackling their inflation problem. While it has come down from peak it's now stuck at 3-4%, led by a hot economy. Instead of tighter rate policy, the gov is using subsidies to bring down prices. Thread." / X