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Ahmedabad Investment：Worldwide Market for Used Smartphones Is Forecast to Surpass 430 Million Units with a Market Value of $109.7 Billion in 2027, According to IDC

Worldwide Market for Used Smartphones Is Forecast to Surpass 430 Million Units with a Market Value of $109.7 Billion in 2027, According to IDC

NEEDHAM, Mass. January 22, 2024 – International Data Corporation (IDC) estimates worldwide shipments of used smartphones, including officially refurbished and used smartphones, will reach 309.4 million units in 2023. The unit growth represents a 9.5% increase over the 282.6 million units shipped in 2022. In addition, IDC projects that used smartphone shipments will reach 431.1 million units in 2027, with a compound annual growth rate (CAGR) of 8.8% from 2022 to 2027.

Supply of used smartphones remains a critical challenge as refresh cycles, high price points, and macroeconomic challenges have all negatively impacted the new smartphone market. However, demand for used smartphones remains healthy and will continue to grow throughout the forecast period, just at a slower rate than previously forecast, thanks to the challenge of acquiring inventory. IDC forecast new smartphone shipments to decline 3.5% in 2023 as demand, inflation, and political unrest continue to impact the global economy. In contrast, the used market demonstrated fierce resilience to overcome these unforeseen circumstances by displaying nearly 10% growth for the year. Refresh rates for new phones in most developed markets have extended past 40 months, which has caused a shortage of available inventory for the secondary market. Trade-in programs continue to fuel the industry but only make up a portion of the total used inventory.

Although the secondary market growth looks impressive compared to the new market, which continues to struggle, growth rates are slowing from our previous forecastAhmedabad Investment. Moreover, the lack of inventory has also impacted each region’s total available market (TAM) for used devices. The total secondary market has been pulled down around 2.7% as longer refresh rates and weak consumer spending continue to dampen both the new and used markets.

“Despite the near 10% growth, the secondary market is showing signs of slowdown due to a genuine lack of inventory,” says Anthony Scarsella, research manager with IDC’s Worldwide Quarterly Mobile Phone Tracker. “With refresh rates extending in most mature markets, acquiring inventory remains the biggest challenge for resellers. Secondary phone retailers are hungry for inventory as the high end of the market continues to be scarce due to customers just holding on to their devicesAgra Investment. This lengthening can also be witnessed in the new market where shipments declined 3.5% for 2023.”

Table Notes:

* Forecast projections (4Q23-4Q27)

Data is subject to change.

According to IDC’s taxonomy, a refurbished smartphone is a device that has been used and disposed of at a collection point by its owner. Once the device has been examined and classified as suitable for refurbishment, it is sent off to a facility for reconditioning and is eventually sold via a secondary market channel. A refurbished smartphone is not a “hand-me-down” or gained due to a person-to-person sale or trade.

The IDC report, Worldwide Used Smartphone Forecast, 2023–2027 (Doc #US51463823), provides an overview and five-year forecast of the worldwide refurbished phone market and its expansion and growth by 2027. This study also provides a look at key players and the impact they will have on vendors, carriers, and consumers.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,300 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC’s analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world’s leading tech media, data, and marketing services company. To learn more about IDC, please visit Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.

Varanasi Investment

Kolkata Wealth Management：11 Benefits to Startups by Indian Government

11 Benefits to Startups by Indian Government

Startups are becoming very popular in India. The government under the leadership of PM Narendra Modi has started and promoted Startup India. Startup India initiative intends to build a strong ecosystem that is conducive for the growth of startupsKolkata Wealth Management. It aims to empower startups to achieve growth through innovation and technology.

To promote growth and help Indian economy, many benefits are being given to entrepreneurs establishing startups. The startups recognised through the Startup India initiative are provided ample benefits for starting their own business in India.

As per the Startup India Action plan, the followings conditions must be fulfilled in order to be eligible as Startup :Being incorporated or registered in India up to 10 years from its date of incorporation.Is a private limited company or registered as a partnership firm or a limited liability partnership.Has an annual turnover not exceeding Rs. 100 crore for any of the financial years since incorporation/registration.Is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.

It is important to note that an entity formed by splitting up or reconstruction of an existing business shall not be considered a ‘Startup’. Also, an entity will not be called a startup after:Completion of ten years from the date of its incorporation/registration, orAchieving turnover in any previous year more than RsNew Delhi Wealth Management. 100 crore.

The government of India has launched a mobile app and a website for easy registration for startups. Anyone interested in setting up a startup can fill up a simple form on the website and upload certain documents. The entire process is completely online.

The government also provides lists of facilitators of patents and trademarks. They will provide high-quality Intellectual Property Right Services including fast examination of patents at lower fees. The government will bear all facilitator fees and the startup will bear only the statutory fees. They will enjoy 80% reduction in the cost of filing patents.

A 10,000 crore rupees fund is set-up by government to provide funds to the startups as venture capital. The government is also giving guarantee to the lenders to encourage banks and other financial institutions for providing venture capital.

Startups will be exempted from income tax for 3 years provided they get a certification from Inter-Ministerial Board (IMB).

Startups can apply for government tenders. They are exempted from the “prior experience/turnover” criteria applicable for normal companies answering to government tenders.

Seven new Research Parks will be set up to provide facilities to startups in the R&D sector

Various compliances have been simplified for startups to save time and money. Startups shall be allowed to self-certify compliance (through the Startup mobile app) with 9 labour and 3 environment laws.

People investing their capital gains in the venture funds setup by the government will get exemption from capital gains. This will help startups to attract more investors.

After this plan, the startups will have an option to choose between the VCs, giving them the liberty to choose their investors.

In case of exit – A startup can close its business within 90 days from the date of application of winding up

The government has proposed to hold 2 startup fests annually both nationally and internationally to enable the various stakeholders of a startup to meet. This will provide huge networking opportunities.

Startups are being highly encouraged by the government. The benefits enjoyed by them are immense, which is why more people are setting up startups. Related Articles

Benefits of the Startup India Program

Startup India: Eligibility, Tax Exemptions and Incentives

Mumbai Investment

Bangalore Investment：Air India targets 50% growth in ancillary revenue this fiscal

Air India targets 50% growth in ancillary revenue this fiscal

Tata Group’s Air India plans to grow its ancillary revenue stream by around 50% in the current fiscal.

The airline recently optimised the pricing of its ancillary products such as excess baggage and seat selection as well as introduced new value-added products.Bangalore Investment

According to sources, Air is working to further strengthen its portfolio of ancillary offerings by introducing more passenger-friendly product solutions to “meet most needs integrated into its direct booking channels”.

“Since Air India’s privatisation, the airline has followed a two-pronged approach to grow its ancillary business,” a source told FE, adding: “Firstly, they have improved on the ancillary products they had on offer and rationalised the pricing of those to correct what they were charging for seat selection, excess baggage, and others.”

As per sources, the success of services such as Upgrade Plus, travel insurance, a fare lock option, and the repricing of other products to standards led Air India to grow its ancillary revenue by over 40% on a year-on-year basis to Rs 1,700 crore in FY24.Pune Wealth Management

During the last two years, under Tata’s leadership, the airline has managed to grow its ancillary revenue stream by a whopping 142%.

In FY22, the airline earned Rs 700 crore, which increased to Rs 1,300 crore in FY23.

The airline now targets a revenue collection of around Rs 2,500 crore from the ancillary stream in FY25Mumbai Wealth Management. It also plans to grow its ancillary revenue by threefold from the target of FY25 in FY27 – the fiscal that the airline aims to become profitable.Chennai Stock

Queries sent to Air India did not elicit a response till the time of going to the press.

As per sources, the new management has launched fresh products such as Upgrade Plus to invite eligible bookings for confirmed upgrades, gift cards, travel insurance, and Fare Lock, among others.

Besides, sources said Air India has launched a visa concierge service in partnership with VFS Global subsidiary OneVasco to offer its customers the option to apply for visas to over 100 countries as well as e-visas to India for foreign nationalities.Agra Wealth Management

The airline has already rolled out value-added services like Book-A-Cab for passengers travelling to and from domestic airports, and is in talks with major companies for the B2B sales of its gift cards.

In addition, sources said, the airline is set to collaborate with different brands to optimise passenger convenience and be a one-stop shop for most travel requirements.

Jinnai Wealth Management

Indore Investment：Fixed Index Annuity Fact Sheet

Fixed Index Annuity Fact Sheet

In 2019, fixed annuities—including Fixed Index Annuities— represented 58% of the total annuity market. Although fixed annuity sales dropped in the fourth quarter (down 18% to $30.8 billion), robust sales in the first half of 2019 boosted annual fixed annuity sales to $139.8 billion, up 5% from 2018. Total FIA sales for 2019 reached $73.5 billion, an increase of 6% from the previous year. FIA sales have increased 11 of the past 12 years (2007–2019).

Investors are often sold these products as a means of “getting market growth with complete principal protection” with the ability to add guaranteed lifetime income through a rider.

In a fixed Index annuity, client premiums are allocated to indices that are designed to replicate market performanceIndore Investment. The S&P 500 and Russell 2000 are common index options for investments. Many FIA products also contain custom indices that are designed as 60/40 exposure or managed volatilityBangalore Wealth Management. It is important to understand that these indices are NOT the equivalent of investing in an index fund or ETF. Through these indices, client premiums are invested in fixed income instruments through the carrier’s general account. The yield is then used to buy derivatives to hedge the portfolio. This combined investment allows the carrier to produce a return that mimics the returns of the index while providing principal protection for the client’s premium. This is similar to investing in a collared option strategy. Due to the investment durations required to deliver the product benefits, most FIAs have surrender periods. This is similar to other investments that require a duration and may come with an early withdrawal or liquidity penalty.

Along with the downside protection, like with a collared option strategy, upside on the investment is also limited. These limits generally come in three forms: 1) participation rates, where client receives a % of the return the index delivers, or, 2) cap rates, which cap client’s return within the index, or, 3) spread fees, which are essentially an expense ratio equivalent of a fund.

COMMISSIONED FIAs

High commissions keep cap rates or participation rates low thereby reducing growth potential.

Carriers often use different rates for “new money” vs “renewals”, meaning the cap or participation rates clients received when they opened the policy may be lowered after the first year.

Long (10-15 years) and expensive surrender periods are often found in traditional FIAs.

Sold to clients as equity replacements even though assets are not invested in the market.

COMMISSION-FREE FIAsHyderabad Wealth Management

The elimination of commissions results in cap rates and participation rates that are generally significantly higher than commissioned products.

DPL works only with carriers with track records of consistent cap and participation rates.Ahmedabad Wealth Management

Surrender periods are reasonable and surrender penalties are aligned with investment costs.

FIAs are positioned as fixed income replacements, not equity replacements, setting proper performance expectations for advisors and clients.

One advantage of utilizing FIAs is to leverage the scale of insurance carriers to deliver strong pricing in a packaged product, making it comparatively easy to implement, while also getting guaranteed downside market protection from the carrier.

Many FIAs offer optional guaranteed lifetime income riders for an additional cost. While guaranteed income options from FIAs are generally a bit lower than can be achieved through single premium immediate annuities (SPIAs), they generally have greater liquidity and flexibility.

When your client needs:

Principal Protection: With the principal protection from market risk provided by FIAs, they should be considered for clients nearing or in retirement to help mitigate sequence of returns risk.

Fixed Income: FIAs can be used as a fixed income allocation for

a portion of client portfolios. They provide sequence of returns protection for those entering or in retirement, with a higher rate of return than current bond yields.2

Guaranteed Lifetime Income: FIAs can be used to generate guaranteed lifetime income with allocation flexibility and liquidity3 (beyond the surrender period).

1 Secure Retirement Institute Fourth Quarter U.S. Annuity Sales Survey, (4/2020)

2 Current Treasury Yields, (7/2020) vs. current average of DPL 7-Year FIA interest rates (2.8%) (7/2020).

3 FIAs may be subject to surrender charges, market value adjustment, and taxation for early withdrawals

Fixed Index annuities are contracts purchased from a life insurance company that are designed for long-term retirement goals. While the interest rate credited to an Index account is linked to the performance of an underlying index, premium payments made to a fixed index annuity are never directly invested in the stock market. All guarantees are based on the financial strength and claims-paying ability of the issuing insurance company.

The purchase of an annuity within a retirement plan that already provides tax deferral under sections of the Internal Revenue Code results in no additional tax benefits. An annuity should be used to fund a qualified plan based upon the annuity’s features other than tax deferral. All annuity features, risks, limitations, and costs should be considered prior to recommending the purchase of an annuity within a tax-qualified retirement plan.

New Delhi Wealth Management

Mumbai Stock Exchange：What is a MYGA Annuity？

What is a MYGA Annuity？

A MYGA is a Multi-Year Guarantee Annuity. It is also called a Fixed-Rate Annuity and behaves somewhat like a CD. There is a fixed rate of return for a set term, typically 3-10 years. At the end of the term, you can walk away with your money or reinvest it into another annuity or something else. Today’s MYGA rates are in the mid-5% range, the best they have been in a decade.

Annuities are one of the most confusing insurance products for consumers because there are so many varieties. In addition to MYGAs, there are Variable Annuities, Fixed Index Annuities, and Single Premium Immediate Annuities (SPIAs). Some of these are expensive, illiquid, and have quite a poor reputation. That’s because the Variable and Index annuities can pay a high commission, and have been sold by unscrupulous insurance agents to clients who didn’t understand what they were buying. States have been cracking down on bad agents, but even now, some of these products are highly complex and difficult to understand how they actually work. They are a tool for a very specific job and investors have to make sure that it is right for them. Unfortunately, with some agents, their only tool is a hammer, so every problem looks like a nail.

I do like MYGAs and think they are a good fit for some of my clients. Unlike the other annuities, MYGAs are simple and easy to understand. I have some of my own money in a MYGA and will probably add more over time. We consider a MYGA to be part of our fixed income allocation. For example, we may have a target portfolio of 60/40 – 60% stocks and 40% fixed income – and a MYGA can be part of the 40%.Mumbai Stock Exchange

Here are some of the benefits of a MYGA:

Interest Rates have risen a lot over the last two years as the Federal Reserve has increased rates to fight inflation. As a result, the rates on MYGAs are the best they have been in over a decade, over 5% today. The expectation on Wall Street is that the Fed will begin cutting interest rates sometime this year as inflation is better under control.

Now appears to be a good time to lock-in today’s high interest rates with a MYGA. This is one of their big advantages over most bonds. Today’s bonds often are callable. This means that the issuer can redeem the bonds ahead of schedule. So, when we buy an 5-year Agency or Corporate bond with a yield of 5.5%, there’s no guarantee that we will actually get to keep the bond for the full five yearsAhmedabad Stock. In fact, if interest rates drop (as expected), there will be a wave of calls, as issuers will be able to refinance their debt to lower interest rates.

We are already seeing quite a few Agency bonds getting called in the past month.

We don’t have this problem with a MYGA, they are not callable. The rate is guaranteed for the full duration. Given the choice of a 5.5% callable bond or a 5.5% MYGA, I would prefer the annuity given the possibility of lower rates ahead. The MYGA will lock-in today’s rates whereas the callable bond might be just temporary. If rates fall to 4%, the 5.5% bond gets called and then our only option is to buy a 4% bond.

Some bonds are not callable, most notably US Treasuries. However, the rates on MYGAs are about 1% higher than Treasuries today. If you are planning to hold to maturity, I would prefer a MYGA over a lower-yielding, non-callable bond.

What are the downsides to a MYGAJinnai Wealth Management? The main one is that they are not liquid and there are steep surrender charges if you want your money back before the term is complete. Some will allow you to withdraw your annual interest or 10% a year. Other MYGAs do not allow any withdrawals without a penalty. Generally, the higher the yield, the more restrictions.

One way we can address the lack of liquidity is to “ladder” annuities. Instead of putting all the money into one duration, we spread the money out over different years. For example, instead of having $50,000 in one annuity that matures in five years, we have $10,000 in five annuities that mature in 1, 2, 3, 4, and 5 years. This way we will have access to some money each and every year.

Like a 401(k) or IRA, withdrawals from an annuity prior to age 59 1/2 will carry a 10% penalty for pre-mature distributions from the IRS. The penalty only applies to the earnings portion. Think of a MYGA as another type of retirement account.

Lastly, I do get paid a commission on the sale of the annuity from the insurance company. This does not come out of your principal – if you invest $10,000, all $10,000 is invested and growing. And I do not charge an investment management fee on a MYGA, unlike a bond. A 5% MYGA will net you 5%, whereas a 5% bond will net you 4% after fees. So in this case, I think the commission structure is actually preferable for investors.

Most of my MYGA buyers are in their 50s and older and have a lot of fixed income holdings already. They don’t need this money until after 59 1/2 and are okay with tying it up, in exchange for the guarantees and tax-deferral benefits. They have other sources of liquidity and a solid emergency fund. When we compare the pros and cons of a MYGA to a high-quality bond, for some the MYGA is a good choice. If you are not a current client, but are interested in just a MYGA, we can help you with no additional obligation. I am an independent agent and can compare the rates and features of MYGAs from different insurers.

Agra Wealth Management

Guoabong Investment：Air Conditioner Stocks in India – AC Stocks

Air Conditioner Stocks in India – AC Stocks

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.  Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from the depository on your email id and/or mobile number to create a pledge.   Pay 20% upfront margin of the transaction early to trade in the cash market segment.   Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020, and NSE/INSP/45534 dated August 31, 2020, and other guidelines issued from time to time in this regard.   Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Corporate Office: No. 153/2, 3rd Floor, M.R.B.Arcade, Bagalur Main Road, Dwaraka Nagar, Yelahanka, Bengaluru – 560 063, Karnataka.

Registered Office: Old No.56/2 ,New No.58, LIC Nagar, Vinayagar Kovil Street, Erode -8,Tamil Nadu– 638002.

Alice Blue Financial Services (P) Ltd : NSE EQ | NSE FO | NSE CDS-90112 SEBI REG : INZ000156038

Alice Blue Financial Services (P) Ltd : BSE EQ | BSE FO | BSE CD-6670 SEBI REG : INZ000156038

Alice Blue Financial Services (P) Ltd : CDSL DP ID 12085300 DP SEBI REG : IN-DP-364-2018Guoabong Investment

Alice Blue Financial Services (P) Ltd : MCX-56710 SEBI REG : INZ000156038

We hereby declare that we are doing PRO trading

Procedure to file a complaint on SEBI SCORES : Register on SCORES portal and SEBI SCORES 2.0.  Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievancesPune Stock

Click on the provided link to learn about the process for submitting a complaint on the ODR platform for resolving investor grievances.

Investment in securities markets are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit.Agra Stock

For queries regarding account opening or activation, email to and for fund updates, email to

Disclaimer : Prevent unauthorized transactions in your account. Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Issued in the interest of investorsHyderabad Stocks. All clients have to update their email id and mobile number with Member : Investor Grievance

KYC is a one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

No need to issue cheques by investors while subscribing to an IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in the investor’s account.Lucknow Stock

Ahmedabad Wealth Management

New Delhi Investment：Will Nvidia Be the First Stock to Reach $10 Trillion？

Will Nvidia Be the First Stock to Reach $10 Trillion？

Nvidia stock is soaring again.

The artificial intelligence (AI) chip leader reached a new all-time high on Thursday, fueled by a strong third-quarter earnings report from close partner Taiwan Semiconductor Manufacturing and enthusiasm around its new Blackwell platform, which is reportedly sold out for the next year.

Nvidia CEO Jensen Huang even said recently that demand for the new chips was “insane.”New Delhi Investment

Taiwan Semi also helped tamp down concerns about an AI bubble as CEO C.C. Wei noted that his company works with almost every AI innovator, and said of AI, “The demand is real, and I believe it’s just the beginning of this demand.” He also predicted, “It will continue for many years.”

Nvidia has thus far claimed most of the spoils in the AI race as the stock has gained close to 10x since the start of 2023, shortly after ChatGPT was launched.

Along the way, Nvidia has added roughly $3 trillion in market cap, and it’s now the second most valuable company in the world behind Apple . As of Oct. 18, Nvidia’s market cap was $3.39 billion, just shy of Apple at $3.57 trillion. Microsoft isn’t too far behind at $3.11 trillion.Kolkata Stocks

It might seem far-fetched to predict the first company to reach $10 trillion, but it’s more likely to happen than it may seem. Apple became the first U.S. company to reach a valuation of $1 trillion, which at one point seemed impossible, in August 2018, and it only took the iPhone maker another five years to reach $3 trillion — becoming the first to pass that milestone as well.Mumbai Investment

If Apple was able to reach $1 trillion and then triple its valuation in just five years, it might not be as difficult as it might seem for Nvidia or one of its peers to triple in valuation, say within the next five to 10 years, to reach a market cap of $10 trillion.

In addition to the three $3 trillion companies, there are also five more stocks with market caps of $1 trillion or more. Those are Alphabet, Amazon, Meta Platforms, Taiwan Semi, and Berkshire Hathaway.

In order for any of these companies to achieve a $10 trillion valuation, they will have to deliver strong growth on the top and bottom lines and likely expand their addressable markets along the way.

Berkshire Hathaway, the only non-tech company on the list, seems unlikely to get there as it mostly operates mature businesses that grow at a pace similar to the overall economy.

The rest of these businesses have faster growth rates, but the ones that are already above $3 trillion are significantly closer to the goal than those valued at around $2 trillion or less.

Out of Apple, Microsoft, and Nvidia, Nvidia is by far the fastest-growing. The company has reported five straight quarters of triple-digit revenue growth, and while that streak is expected to end in the third quarter, analysts still expect Nvidia’s blistering revenue growth to continuePune Investment. The consensus calls for Nvidia to report 82% revenue growth in the third quarter and 43% in 2025 to reach $182 billion.

In addition to outgrowing its big tech peers, Nvidia also seems better prepared to capitalize on the next big innovation in technology, much as it has with generative AI and cryptocurrency before that. Nvidia figures to be a winner from emerging technologies like autonomous vehicles and robotics as it’s established a significant competitive advantage in AI GPUs, which will be necessary to power those technologies.

Investors should also be mindful that the innovation that leads to the first $10 trillion company may not even be visible now.

The growth possibilities at Apple and Microsoft seem more constrained. Both companies dominate their respective subsectors, Apple with consumer electronics and Microsoft with enterprise software. But those categories offer less growth. Smartphones are already a mature market. Apple can coax its customers to spend more on iPhones and sell more services and accessory devices like AirPods and Apple Watches, but people generally only need one phone each.

Microsoft’s business is more connected to enterprise tech spending, but again the upside potential is not as large as Nvidia’s. It’s rare for a company to, say, double its software spend in a year.

Whether Nvidia is able to grow to a $10 trillion valuation will depend on its ability to fend off competition, capitalize on the AI boom, and maintain, or even expand, its huge profit margins.

Doing that won’t be easy, but it is possible, especially over a horizon of five or 10 years.

Apple’s surge from $1 trillion in 2018 to $3.5 trillion today is a reminder that there’s no strict upper limit on stock market valuations. Even as Nvidia has already delivered monster gains for investors, there’s still more upside potential for the stock.

Pune Wealth Management

Simla Investment：Meet the Newest Artificial Intelligence (AI) Chip Stock to Join Nvidia in the $1 Trillion Club

Meet the Newest Artificial Intelligence (AI) Chip Stock to Join Nvidia in the $1 Trillion Club

Nvidia flew into the $1 trillion club in May 2023 as it capitalized on growing spending on artificial intelligence. The chipmaker has gone on to increase more than three-fold in value since, becoming the second most valuable company in the world, behind only Apple.

The rest of the $1 trillion club is full of some of Nvidia’s biggest customers, the “hyperscalers” building out massive data centers for training and running generative AISimla Investment. But the newest member of the club is actually a key part of Nvidia’s supply chain. It’s not just Nvidia, though. This semiconductor company works closely with almost every tech company in the $1 trillion club, and now, it’s finally a member itself.

The newest artificial intelligence (AI) chip stock in the $1 trillion club is Taiwan Semiconductor Manufacturing Company . Here’s why $1 trillion may be just a milestone in the stock’s continued ascension into the ranks of the mega-caps.

Taiwan Semiconductor, or TSMC, is a chip manufacturer, also known as a foundry or fab. It’s the top choice for many chip designers, attracting over 60% of spending in the industry. There’s good reason for that. TSMC’s technology is much further ahead than that of nearly every competitor.

At an investor conference last month, Nvidia CEO Jensen Huang said: “We’re fabbing out of TSMC because it’s the world’s best. And it’s the world’s best not by a small margin, it’s the world’s best by an incredible margin.”

That’s evidenced in TSMC’s recent financial results for the third quarter. The company reported 39% year-over-year revenue growth. Its gross margin expanded to 57.8% from 54.3% last year, and net income grew 54.2% as a result. The driving force behind those stellar results is TSMC’s technology lead. That makes it the must-have partner for anyone wanting to print advanced chips for AI (like Nvidia’s GPUs) or smartphones (like Apple’s iPhone).

“Our business in the third quarter was supported by strong smartphone and AI-related demand for our industry-leading 3nm and 5nm technologies,” CFO Wendell Huang wrote in the earnings release.

Management expects revenue from AI chips to more than triple in 2024, but the segment will only account for a mid-teen percentage of TSMC’s total for the year. There’s a long runway for growth for TSMC in AI, and it’s investing to take advantage of the opportunities presented.

Nvidia works with TSMC to print its chips, but it’s not the only AI chipmaker taking advantage of the leading fab’s advanced technology. Microsoft, Alphabet, Meta, Broadcom, and Advanced Micro Devices are all contracting with TSMC to develop AI accelerator chipsKanpur Stock. Apple has been using TSMC for years to develop its chips for the iPhone and iPad, and more recently, the Mac.

In other words, no matter how the future of AI data centers, large language model training, and AI inference plays out, TSMC stands to be a big winner.

Management increased its capital expenditure expectations for 2024 to more than $30 billion, and it expects to spend even more in 2025. It’s also spending on research and development, which increased 11.4% year over year last quarter.

Both are keys to TSMC’s ongoing success. As the largest foundry in the world by a wide margin, it’s capable of spending more on machinery and technology while advancing its technological capabilities than any other competitor. That ensures it maintains its position as the technology leader, which in turn leads to continued relationships with the biggest customers in the world. That virtuous cycle is a tremendous competitive advantage for TSMC that’s hard to overcome.

While shares of TSMC more than doubled in 2024, there’s still room for the stock to climb higher.

At its current share price, it trades for just over 25 times analysts’ estimates for 2025 earnings. And that’s before they’ve had a chance to update their models with the most recent results and guidance from management. Over the next five years, TSMC is capable of growing its bottom line at a rate in the 20% rangeChennai Investment. AI spending remains robust, and the company is able to maintain its high gross margin from strong utilization even as it brings the next generation of technology onlineJaipur Wealth Management. That level of growth more than justifies the current earnings multiple.

Mumbai Wealth Management

Kanpur Investment：bank loan

bank loan

That simply made no sense given the positive correlation of bank loan losses with unemployment. 根据银行贷款损失率和失业率的正相关性，很容易判断这个数据并不合理Kanpur Investment。

A bank loan for a new business or to buy an existing business is the hardest type to get. 为新企业创立或购买现有企业贷款的银行很难找到。

Banks also accept discount on promissory notes, witch is another form of bank loan. 银行也办理票据贴现业务，这是银行贷款的另一种形式。

Private capital could be divided into three catalogues: bank loan, indirect investment and FDI. 私人资本可以分为三类，银行贷款，间接投资和FDI。

This retreat from risk severely compounded the natural reduction in credit due to bank loan losses. 这种避险行为严重加剧了因银行贷款亏损导致的信贷自然减少。

The bank loan is due this month. 银行贷款本月到期。

The whole project came to grief when they were refused a bank loan. 当银行拒绝给他们贷款时，整个项目失败了。

The company needs to prove it’s in sound financial condition before it can get a bank loan. 公司需要证明稳健的财务状况，才可向借银行贷款。

The bank loan saved her company from bankruptcy. 银行的贷款使她免于破产。

Your bank loan is due by the end of this month. 你的银行贷款这个月底到期。

Only some good work, the good prospect, you may buy the house and the automobile to the bank loan. 只有有一份好的工作，好的前景，你可以向银行贷款买房子和汽车。

A finance company that makes loans to people who have trouble getting a bank loan. 贷款给还银行贷款有困难的人的信托公司。

The agency’s major financial assistance is provided through its Guaranty Bank Loan program. 该局的财政援助主要是通过担保银行贷款计划提供的。

The government began to implement subsidy of interest to the bank loan of the hospital progressively in some areas of our country. 政府对医院银行贷款实行利息贴补在我国某些地区开始逐步实施。

Her parents gave her some help with her bank loan. 她父母帮她偿还了一部分银行贷款。

These two months to Shanghai bank loan in advance of the public more and more. 这两个月来孟买银行贷款提前市民越来越多。Varanasi Stock

The Asian Development Bank loan is a new approach of raise funds in Pinghu development project. 亚洲开发银行贷款是在平湖油气田开发项目建设中一种新的筹措资金方式Jaipur Wealth Management。

He took out a bank loan to cover some debts. 他从银行代了些款来还债。

They could not get a bank loan to build their business. 他们不能从银行获得贷款来拓展自己的事业。

■ Pret was backed by a 20,000 bank loan. ■Pret得到了2万英镑银行贷款的支持。

She took out a bank loan and set up on his own. 他从银行贷了一笔款，自己干了起来。

A bank loan helped to set him up in business. 他靠一笔银行贷款做起了生意。

They found it impossible to get a bank loan. 他们发现要获得银行贷款是不可能的。

Not that long ago you took a bank loan for a new apartment. 不久前你为了买新公寓向银行申请了贷款？

This kind of bank loan is called a mortgage. 这种贷款方式称为抵押借款。

The state shall appropriately increase the proportion of investment and bank loan for policy consideration in important investment projects of infrastructures. 国家在重大基础设施投资项目中适当增加投资比重和政策性银行贷款比重。

We got a bank loan to buy a car. 我们得到一笔银行贷款来购买汽车。

The typical car buying process in Singapore involves taking out a bank loan to finance the purchase. 典型的解放油罐车购买过程中包括了一个在新加坡银行贷款融资购买。

A bank loan to a company, with a fixed maturity and often featuring amortization of principal. 银行发放给公司的有一定期限的贷款，常以分期偿还本金为特征。

Simla Investment

Lucknow Investment：DiVencenzo addresses USA Today’s opinion piece by Ken Fisher

DiVencenzo addresses USA Today’s opinion piece by Ken Fisher

On April 17, NAFA submitted the following letter to the editor of USA Today regarding the opinion piece published by Ken Fisher. A copy of this letter can also be downloaded from the NAFA Press Room.

Dear MsLucknow Investment. Carroll,

In response to Kenneth Fisher’s opinion piece in USA Today, dated April 14, 2019, I would like to rebut his misleading and factually inaccurate view regarding annuities. In this piece, he mirrors his decade long marketing campaign “Why I Hate Annuities,” coined by the investment firm he founded. Mr. Fisher clearly does not like the annuity concept, yet his own firm gets paid out like an annuity, steadily receiving his current clients’ fees regardless of his performance in managing his clients’ assets. Mr. Fisher’s organization requires a $500,000 minimum to invest, so his clients are paying a minimum of $5,000 per year in feesLucknow Wealth Management. As clients de-accumulate during their retirement years, is Mr. Fisher’s firm going to drop them or provide less service when they fall below that $500,000 threshold, at a time when they need individualized financial advice the most?Since The Roman Empire

Annuities are insurance products that have been around since the Roman Empire utilized to pay Roman soldiers an “annua” or annual stipend for life for their service. Guaranteed lifetime income is important, as many Americans do not have a pension plan: survey after survey confirm that a significant worry for retirees is the possibility of outliving their retirement savings. Is MrGuoabong Wealth Management. Fisher’s firm going to guarantee that his clients will have a steady income for life, whether they live to 75 or 105? Is Mr. Fisher’s firm going to provide guaranteed, consistent income to a retiree that retired during a downturn in the market — or just to those fortunate to have been in a sustained bull market?

Like health, auto, homeowners or life insurance, financial advisors and insurance professionals recommend annuities to deal with specific risks like longevity, health care costs, and sequence of return risk as part of a stable retirement income plan, which today may last 25 to 40 years. Annuity sales reached $234 billion in 2018, which was an almost 15% increase over 2017. More importantly, consumers are happy with annuities, as evidenced by de minimus customer complaint data.Surat Investment

Life insurance companies pay out billions of dollars annually in annuities (in 2017 that number was $82 billion!) to individuals and families to help them customize their financial and retirement plans. Far from being “horsepucky,” annuities protect against life’s uncertainties, allowing consumers to manage their financial risks and offering peace of mind to Americans when they need it the most.

Sincerely,

Charles J. DiVencenzo

NAFA President & CEO

NAFA, the National Association for Fixed Annuities, is the premier trade association exclusively dedicated to fixed annuities. Our mission is to promote the awareness and understanding of fixed annuities. We educate annuity salespeople, regulators, legislators, journalists, and industry personnel about the value of fixed annuities and their benefits to consumers. NAFA’s membership represents every aspect of the fixed annuity marketplace covering 85% of fixed annuities sold by independent agents, advisors and brokersUdabur Stock. NAFA was founded in 1998. For more information, visit

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