Key Quotes from the Alphabet [@Google] Q3 24 Earnings Call:

1. It was a "great, quarter guys!"

"We had another strong quarter in Q3 with robust momentum across the business. Consolidated revenue increased by 15% or 16% in constant currency" - $GOOG $GOOGL CFO @SamRo @borrowed_ideas @EricJhonsa @investwithSIB @InvestWthIcebox @SanCompounding @DivesTech @Greenbackd @DineroCOP @carlquintanilla 2. Strong growth supported by cloud revenue acceleration:

"Google Cloud...This business has real momentum and the overall opportunity is increasing as customers embrace Gen AI. We generated Q3 revenues of $11.4B, up 35% over last year with operating margins of 17%"

$GOOG $GOOGL

Some Key Quotes & Charts from the TSMC Q3 2024 Earnings Call:

1. AI demand is real:

" The demand is real, and I believe it's just the beginning of this demand, all right? As one of my key customers said, the demand right now is insane"

$TSM $TSMC @TWSemicon @EricJhonsa @SamRo @SamanthaLaDuc @KristinBentz @FundasyInvestor @medinacerecero @techfund1 @TechFundies 2. Growth driven by AI:

"Third quarter revenue increased 12.8% percent sequentially in NT, as our business was supported by strong smartphone and AI-related demand for our industry-leading 3-nanometer and 5-nanometer technologies"

Key Quotes from the Alphabet [@Google] Q2 2024 Earnings Call:

1. Solid Quarter Overall:

"For the second quarter, our consolidated revenues were $84.7B, up 14% or up 15% in constant currency. Search remained the largest contributor to revenue growth" - CFO @sundarpichai @finchat_io @TrinityAssetMan @carlquintanilla @SamRo 2. On integrating AI into Search:

"We are pleased to see the positive trends from our testing continue as we roll out AI overviews, including increases in search usage and increased user engagement" - CEO

$GOOG $GOOGL

We relistened to the full Jim Simons' interview from 2022 with @NicolaiTang1 & co and here are a few nuggets more nuggets we picked:

1. On his journey from academia to making money and then to giving it away:

https://twitter.com/TheTranscript_/status/1788978587124535356

2. On applying maths to finance:

"think of a stock; it's a time series...it has a value every day, it goes up, it goes down. You can analyze time series mathematically, and especially if you have hundreds or thousands of these time series, you can compare them & so on"

Key Quotes from Apple [@Apple] Q1 2024 Earnings Call:

1. Finally some growth:

"Apple is reporting revenue of $119.6B for the December quarter, up 2% from a year ago despite having 1 less week in the quarter" - $AAPL CFO @DisruptorStocks @carlquintanilla @LeoNelissen @SamRo @ConsensusGurus @eWhispers @EarningsScout 2. On growth in services revenue:

"Services revenue set an all-time record of $23.1 billion, up 11% year-over-year. When we take into account the extra week last year, this represents a sequential acceleration of growth from the September quarter"

Our Key Quotes from Tesla Q4 23 Earnings Call

1. On wanting more influence of $TSLA:

"...I picked ~25% ...not so much that I can control the company. but it's enough that I have a strong influence...what I'm aiming for, is a strong influence, but not control" - @elonmusk @Tesla @teslaownersSV @WholeMarsBlog @ConsumeOwnTech @finding_value_ @ChrisBloomstran @Prof_Kalkyl @john_bresnahan @SamRo 2. Fremont factory is the highest output car factory in North America

"...we made 560,000 cars. This is a record. In fact, it's the highest output of automotive plants in North America..the highest output car factory in NA is in the San Francisco Bay area" - $TSLA

Key Quotes from the Tesla [@Tesla] Q3 2023 Earnings Call:

1. On AI

"in the long term, [it] has the potential to make Tesla the most valuable company in the world by far...The Tesla AI team is actually by far the world's best when it comes to real-world AI" - @elonmusk

$TSLA 2. On the Tesla Cybertruck:

"It's an amazing product. I do want to emphasize that there will be enormous challenges in reaching volume production with the Cybertruck and then in making a Cybertruck cash flow positive" - $TSLA CEO @elonmusk

A live $AMZN thread for the Q2 23 earnings calls:

1. A bird's eye view of the quarter:

"Today, we are reporting a $134 4 billion in revenue and $7.7 billion and operating income both of which exceeded the top end of our guidance ranges" - $AMZN CEO @ajassy https://t.co/eYnwUfygHC

https://twitter.com/TheTranscript_/status/1651703392501112832

2. AWS growth rates stabilized in Q2:

"we started seeing more customers shift their focus toward driving innovation and bringing new workloads to the cloud. As a result, we've seen AWS's revenue growth rates stabilized during Q2, where we reported 12% YoY growth" -$AMZN CFO

A live $META thread of Q2 23 Earnings call:

1. On Reels and Reels monetization:

"Reels plays exceed 200B per day across Facebook & Instagram...the annual revenue run rate across our apps now exceeding $10B from $3B last fall" - $META CEO https://t.co/ROm2JVt938 https://t.co/HCeTiSB25btwitter.com/i/web/status/1…

https://twitter.com/TheTranscript_/status/1651332911885434884

2. Meta CEO reiterates commitment to BOTH the metaverse and AI:

"...we've been working on both of these 2 major priorities for many years in parallel now & in many ways. The two areas are overlapping and complementary" - $META CEO

Some key live quotes from the Alphabet Q2 23 earnings call:

1. A solid quarter for Alphabet:

"The momentum across the company drove our results this quarter. We delivered solid performance in search and Youtube and ongoing strong growth in Cloud." - $GOOGL CEO @sundarpichai https://t.co/Y27x3DRkat

https://twitter.com/TheTranscript_/status/1650969792629686272

2. On Google Cloud:

"We see continued growth with Q2 revenue of $8B up 28% and operating profit of $395M. Our AI-optimized infrastructure is the leading platform for training and serving generative AI models"

[Chart: @TSOH_Investing]

A thread with key quotes from Druckenmiller at #BloombergInvest:

1. On his current fat pitch:

"So I honestly.. don't see a fat pitch right now. What I do think is...given everything I've outlined, some really fat pitches are going to emerge in say, the next 8 to 24 months"

https://twitter.com/923687530045759488/status/1656021668022689841

2. On when a recession will happen:

"I think I'm probably wrong and I'm gonna go back to the end of 23, but the real answer is, I don't know."

A few quotes from the $NVDA Q1 FY 24 Earnings call:

1. Strong sequential revenue growth outlook:

$NVDA CFO: "We expect this sequential growth to largely be driven by data center, reflecting a steep increase in demand related to generative AI and large language models. This… twitter.com/i/web/status/1… 2. Higher Opex:

"We have held OpEx at roughly the same level over the last past 4 quarters while working through the inventory corrections in gaming & professional visualization. We now expect to increase investments in the business while also delivering operating leverage

Chart and Quotes Thread for Week 19

1. Plenty of AI talk in earnings calls:

$TTD CEO @jefftgreen: "I'm almost shocked that we got through 3 questions without talking about AI...I've never seen a topic that is so hot or hotter than what AI is right now, not cloud, not… twitter.com/i/web/status/1… @jefftgreen @DisruptorStocks @KristinBentz @SamanthaLaDuc @TSOH_Investing @SamRo @Growth_Value_ @BrianSozzi @carlquintanilla @FromValue @Bat_tery 2. ChatGPT's growth has been phenomenal:

"To reach 100M user numbers, Facebook, Twitter, they spent five, six years, but chat GPT, only took two months. Within two months, they have reached a 100 million user base" - Softbank Director Manager Finance Yoshimitsu Goto

Next week in earnings is all about retail with the likes of Alibaba, Walmart, Ross Stores, Kohl's & Home Depot reporting:

M: $NU $MNDY
T: $HD $BIDU $KD $SE $KEYS $BIDU
W: $TGT $CSCO $TJX $SNPS $TTWO $VSAT $TGI $WIX $BOOT $CPRT
T: $WMT $ROSS $BABA $AMAT $BBBY $KSS $FTCH
F: $DE The Economic calendar and fed speakers for next week

A thread with some key quotes from the Stanley Druckenmiller 2023 Sohn Interview:

1. On the impact of free money:

"When you have free money, people do stupid things. When you have free money for 11 years, people do really stupid things. So there's stuff under the hood, it's… twitter.com/i/web/status/1… @DisruptorStocks @carlquintanilla @SamanthaLaDuc @KristinBentz @JuliaLaRoche 2. On a hard or soft landing:

"It's hard to look at that constellation of factors, know that we've only had a few soft landings since 1950, all of them were proceeded by what I would call proactive rather than reactive fed policy and believe we're going to have a soft landing"

We compiled 20 key quotes from the Berkshire Hathaway 2023 AGM. Enjoy!

1. On where to find opportunities:

"What gives you opportunities is other people doing dumb things...I would say there’s been a great increase in the number of people doing dumb things"- WB

https://twitter.com/TheTranscript_/status/1521208616719732736

@DisruptorStocks @BeckyQuick @BrianSozzi @SquirrelMacro @Benzinga @NaeimKhanjani @JackFarley96 @TSOH_Investing @CharlieMunger00 @QCompounding 2. On the economy:

"In the general economy, the feedback we get is that perhaps the majority of our businesses will actually report lower earnings this year than last year" - WB

𝐂𝐡𝐚𝐫𝐭𝐬 & 𝐐𝐮𝐨𝐭𝐞𝐬 𝐓𝐡𝐫𝐞𝐚𝐝 𝐟𝐨𝐫 𝐖𝐞𝐞𝐤 𝟏𝟖.

1. Buffett just loves Apple:

"It just happens to be a better business than any we own... I made a mistake a couple of years ago when I sold some shares when I had certain reasons why gains were useful to take that… twitter.com/i/web/status/1… @DisruptorStocks @chriswmayer @QCompounding @SteadyCompound @TSOH_Investing @BradoCapital @KristinBentz @SamanthaLaDuc @Growth_Value_ @chin_investor 2. Apple reported Q2 earnings this week with Emerging markets being a bright spot:

"We were particularly pleased with the performance we saw in emerging markets..it was a great quarter for emerging markets in general, despite the headwinds of the currency" - $AAPL CEO

An early look at earnings next week with Disney, Icahn Enterprises (hello @HindenburgRes), The Trade Desk, and PayPal reporting:

M: $TSN $PYPL $KKR
T: $OXY $DUK $CPNG $COTY $WYNN $AKAM $TWLO $APO
W: $BAM $DIS $APP $NYT $RBLX $HOOD $WEN $U
T: $JD $TPR $CRL $AQN $EYE
F: $SPB We are at the tail end of the Q1 earnings season with 419 S&P 500 companies having reported so far with only 32 reporting next week:

A live $META thread of Q1 23 Earnings call:

1. More layoffs coming in May:

"So far we've gone through 2 of the 2 waves of restructuring and layoffs that we have planned for this year in our recruiting and our technical group. In May, we're going to carry out our third wave… twitter.com/i/web/status/1… 2. On Capex spending in AI:

"Now at this point, we are no longer behind in building out our AI infrastructure. To the contrary, we now have the capacity to do leading work in this space at scale."- $META

A live thread with key quotes $MSFT Q3 23 call:

1. CEO @satyanadella starts us off with AI talk:

"Azure took share as customers continue to choose our ubiquitous computing fabric from cloud to edge, especially as every application becomes AI-powered. We have the most powerful… twitter.com/i/web/status/1… 2. Microsoft Teams hits 300 million MAUs:

"Teams usage is at an all-time high and surpassed 300 million monthly active users this quarter and we once again took share across every category from collaboration to chat to meetings to calling" - $MSFT

https://twitter.com/TheTranscript_/status/1618016919923355650?s=20

Some key live quotes from the Alphabet Q1 23 earnings call:

1. Google cloud is finally profitable:

"Cloud delivered profitability this quarter and we remain focused on long-term value creation here" - $GOOGL CEO @sundarpichai

$GOOG

https://twitter.com/TheTranscript_/status/1585017961345331201

2. More on Google Cloud's growth:

"Over the past three years, GCP's annual deal volume has grown nearly 500% with large deals over $250M growing more than 300%. Nearly 60% of the world's 1000 largest companies are our Google Cloud customers" - @sundarpichai

$GOOG $GOOGL