XI2CSOPNVDA

Google

Conference Minutes

CVAC

NVDA

GOOG

GOOGL

CHWY

NVDL

07788

07388

NVDY

NVDD

NVDX

NVDQ

GGLS

GGLL

Below is Dolphin Research's Trans of the FY26 Q1 earnings call for $Alphabet(GOOGL.US) $Alphabet - C(GOOG.US). For our earnings analysis, please see 'AI Google: No ghost stories, only a bumper harvest'.I. Core highlights recap. 1) Shareholder returns: the BOD announced a 5% increase to the quarterly dividend. 2) Outlook: at spot FX, Q2 consolidated revenue is expected to see an ~1 ppt FX tailwind (vs. 3 ppts in Q1); full-year CapEx guidance was raised to $180-190bn (prior $175-185bn)...

Citigroup

CureVac BV

NVIDIA

Alphabet - C

Alphabet

Chewy

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Direxion Daily Googl Bear 1x Shares

Direxion Daily GOOGL Bull 2X Shares

CITIGROUP INC 6.250 NON CUM SER II PFD WI

GOOGL (Trans): ROIC-Disciplined AI Investment to Stay Ahead

Today’s Key News Recap

TECH

03750

300750

HCCD

07709

DPSK

SSNGY

00941

80941

HCMD

600941

Apr 20 ｜ Dolphin Research Focus: 🐬 Macro/Industry. 1) Ibrahim Azizi, chair of Iran's Islamic Consultative Assembly Committee on National Security and Foreign Policy, told Al Jazeera that Iran will continue talks with the U.S., but stressed it is 'not at any cost' and will not accept arbitrary U.S. demands.The current U.S.-Iran temporary ceasefire expires on Apr 22. The two sides held a first round in Oman earlier, and the region sits at an inflection point between war and peace.The restart signals a pragmatic stance by Tehran. Yet core differences remain, leaving limited room for maneuver...

Bio-Techne

CATL

Micron Tech

CATL HK SDR 30to1

XL2CSOPHYNIX

DeepSeek

Samsung Electronics 

CHINA MOBILE

CHINA MOBILE-R

CN Mobile HK SDR 5to1

China Mobile

MU debuts 24Gb GDDR7 memory; DeepSeek's first external round sparks AI capital frenzy | Daily News Recap

09988

BABA

89988

AAPL

09660

HHZD

00100

HBBD

HUAWEI

02097

KBAB

BABO

BABX

0413 | Dolphin Focus — 🐬 Macro/Industry. 1) Trump announced that, after US-Iran talks in Pakistan collapsed, the US military will at 10:00 ET on Apr 13 (10pm Beijing time tonight) impose a full blockade of Iranian ports and the Strait of Hormuz.It will intercept all vessels to and from Iran and cut off its oil exports. Iran's military issued a hardline response, stating any US approach will be treated as a provocation and met with firm retaliation.This would sharply elevate geopolitical risk and disrupt shipping, chemicals and related supply chains. It would also reinforce expectations that the Fed keeps rates higher for longer, putting near-term pressure on HK stocks and growth names.

BABA-W

Alibaba

BABA-WR

Apple

HORIZONROBOT-W

HorizonRobo HK SDR1to1

MINIMAX-W

Alibaba HK SDR 5to1

Huawei

MIXUE GROUP

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

MiniMax M2.7 open-sourced globally; AAPL's first foldable slated for Fall 2026 | Daily News Recap

Xiaomi

PLUS

HXXD

01810

81810

XIACY

688111

INTC

04335

1) Xiaomi Spring Launch: Key Points. $XIAOMI-W(01810.HK) The event's highlights were the SU7 refresh and progress on its AI foundation model. a) New-gen SU7: essentially a mid-cycle refresh. Exterior changes are minor, with the focus on hardware upgrades and a small price bump. On configs, the update favors the Standard and Pro trims. Across the lineup, standard kit now includes the V6s Plus super e-motor, lidar and 4D mmWave radar, NVIDIA Thor-U, the Jiaolong chassis, and front four-piston fixed calipers. Pricing-wise...

ePlus

MediaAlpha

Pros

Xiaomi HK SDR 2to1

XIAOMI-W

XIAOMI-WR

Xiaomi Corporation

Kingsoft Office

Intel

INTEL-T

Plus500 Ltd.

Xiaomi (Spring Launch): SU7 gets a quiet refresh; MiMo free for a limited time to climb the charts

---

Financial Analysis

Below is Dolphin Research's Trans from Micron's FY2026 Q2 analyst huddle. For the earnings read-through, cf. 'Micron: AI-fueled memory surge — can it break the cycle?'.Key takeaways from the analyst huddle: 1) Non-HBM carries higher GPM than HBM. The company will not materially rebalance HBM vs. non-HBM on short-term price swings.This is a strategic decision. Customers need a complete product stack to build AI systems, and you cannot sell an AI system that is short on HBM. The market requires a balanced portfolio to drive shipments at scale...

MU (Analyst briefing): Capex may decline after FY2027

---

603020

UBER

02015

NSANY

AAPB

AAPD

AAPU

0312 | Dolphin Research Focus: 🐬 Macro/Industry 1) US core CPI for Feb. rose YoY in line with estimates. Inflation pressure eased ahead of the latest Middle East escalation, giving the Fed room to stay on hold for now.This temporarily calms fears of renewed hikes and runaway inflation. However, the Middle East conflict is lifting oil, raising the risk of an inflation rebound.The Fed's cut pace remains bound by geopolitics, and global risk assets may stay volatile. 2) The Trump administration is invoking Section 301 of the US Trade Act of 1974 ...

Apple Group

Uber Tech

Mirae Asset Global Investments Co., Ltd.

Neogenomics

LI AUTO-W

Li Auto

Nissan Motor

GraniteShares 2x Long AAPL Daily ETF

Direxion Daily AAPL Bear 1x Shares

Direxion Daily AAPL Bull 2X Shares

NVDA to invest $26bn in in-house AI foundation models; AAPL enters the budget laptop fray | Daily News Recap

---

09866

ORCL

ORCL-D

0310 | Dolphin Research Focus: 🐬 Macro/Industry1) On Mar 9 (local time), Trump said US military action against Iran would end 'very soon' but not this week. He also indicated the US would ease some oil-related sanctions to cool prices, while warning of tougher strikes if Iran blocks the strait.The remarks briefly soothed energy and financial markets, capping near-term upside in crude. They tempered expectations for a sharp oil spike in the short run.However, the conflict continues and Tehran has issued a hard-line response. Geopolitical risk has not cleared...

Taiwan Semiconductor

NIO-SW

NIO Inc. USD OV

NIO Inc

Oracle

ORACLE CORP DEPOSITARY SH REP 1/2000TH PFD SER D

TSM Feb revenue down MoM; Alibaba Qwen management reshuffle finalized | Daily News Recap

---

CoreWeave

CRWV

VERA

BLUE

Below is the FY25 Q4 earnings call Trans compiled by Dolphin Research for $Coreweave(CRWV.US). For our earnings take, see 'CoreWeave: Orders Soaring, Profits Plunging—Is the compute unicorn stuck in a profitability trap?'.I. Key financials recap. Cash and marketable securities: $4.2bn as of Dec 31.Financing activities: issued convertible preferred notes in Q4, raising approx. $2.6bn. Expanded the revolving credit facility to $2.5bn. In 2025, secured over $18bn in combined debt and equity financing...

Coreweave

Vera Therapeutics

Bluebird Bio

CoreWeave (Trans): Massive capex fully backed by signed service contracts

DELL

Below is Dolphin Research's Trans of Dell's FY2026 Q4 earnings call. For our earnings analysis, see 'DELL: AI Is Doubling; Can It Ease 'Storage Tightness' Concerns?'Key takeaways from management: 1) Next-quarter guide: revenue of $34.7-35.7bn (midpoint +51% YoY). AI server revenue is expected to contribute ~$13bn, up ~$4bn QoQ. Infrastructure Solutions Group (ISG) revenue is guided to grow over 100% YoY...

Dell Tech

DELL Trans: AI orders exclude Rubin; legacy biz still growing

ASIC

Below is Dolphin Research's transcript of NVIDIA's FY2026 Q4 earnings call; for our take, see 'NVIDIA: Earnings Frenzy vs. Cold Stock — Is the No. 1 Stock in the Universe Losing Favor?'$NVIDIA(NVDA.US)Key takeaways: (1) FY2027 guide: full-year non-GAAP GPM to hold around 75% (mid-70s), in line with last quarter's commentary.Maintaining that margin hinges on continued generation-to-generation performance leaps for customers. If perf-per-watt gains meaningfully outpace Moore's Law...

Ategrity Specialty Holdings LLC

NVDA (Trans): Compute Spend Linked to Rev.; Supply Chain Security Prioritized

---

On Trump's First Day in China, Restricted Nvidia AI Chips Resurface on JD.com

NVIDIA Expands Autonomous Driving Cooperation with Multiple Automakers

NVIDIA's Desktop Robot Reachy Mini Launches Globally on AliExpress

NVIDIA Launches NVLink Fusion to Boost AI Chip Communication Efficiency

NVIDIA VP Emphasizes Importance of GPU Compute Power

HINSANG GROUP

RIVERINE CHINA

PASHUN INT RTS

BRAINAURORA-B

SOFTMEDX

GOLDENPOWER

ZHONGKE GROUP

VISION SYNERGY

GEMILANG INTL

GHPC

SOXL

NVDU

SOXX

Nvidia (NVDA) will report its Q1 FY27 earnings this week on May 20. According to TipRanks' Options Tool, options traders expect an 8.65% move in either direction in NVDA stock in reaction to Q1 FY27 earnings. This implied move is slightly higher than Nvidia's average post-earnings move (in absolute terms) of 3.16% over the past four quarters.Claim 55% Off TipRanksForget margin or options. Here's how the pros trade NVDA

- Nvidia (NVDA) is set to release its Q1 FY27 earnings on May 20.  
- Options traders anticipate an 8.65% movement in NVDA stock following the earnings report, exceeding the average post-earnings move of 3.16% observed in the last four quarters.  
- This heightened expectation indicates increased volatility surrounding Nvidia's financial performance announcement.

Tip Ranks

VanEck Semiconductor ETF

Direxion Semicon Bull 3X

Direxion Daily NVDA Bull 2X Shares

Spdr Select Tech

iShares Semiconductor ETF

Nvidia Will Report Q1 Earnings on May 20 — Options Traders Expect an 8.65% Move in NVDA Stock

NVIDIA (NVDA) shares surged over 20% in seven sessions, reaching an intraday record of $235.75 before closing at $225.32. The company reported a record quarterly revenue of $68.1B and a gross margin of 75.2%. With a market cap near $5.5T, traders are anticipating earnings results on Wednesday, focusing on revenue, EPS, guidance, and commentary on China. Analysts project AI-chip revenue potential of at least $1T through 2027.

TradingView

Key facts: NVIDIA surges to record; $68.1B, 75.2% margin; earnings Wed

Analysts from Bank of America and Wolfe Research have raised their outlooks on Nvidia, highlighting its strong AI market share and demand through 2027. Nvidia's Q4 FY2026 data center revenue reached $62.3B, a 75% increase year over year, driven by large-scale AI infrastructure orders. The upcoming earnings report on May 20 will indicate if Nvidia can maintain growth amid increasing competition in custom chips.

- Analysts have become more optimistic about Nvidia, with Bank of America and Wolfe Research upgrading their outlook due to the company's strong position in the AI market and high demand projected through 2027.  
- Nvidia reported a record $62.3 billion in data center revenue for Q4 FY2026, a 75% increase year over year, as major hyperscalers secure significant AI infrastructure orders.  
- The upcoming earnings report on May 20 will indicate if Nvidia can maintain its growth during the transition from Blackwell to Vera Rubin in the face of increasing competition in custom chips.

Analysts boost Nvidia outlook as AI demand surges ahead of earnings

Nvidia’s AI Lead Is Back in Focus as Wolfe Research Doubles Down

Barchart Option

Nvidia’s AI Lead Is Back in Focus as Wolfe Research Doubles Down

Analysts predict Nvidia will achieve record Q1 revenue of nearly $79 billion, with EPS expected to more than double due to strong AI hardware demand. US approval for H200 chip sales to Chinese firms may further boost revenue. Price targets for Nvidia have been raised by multiple firms, with some projecting over 50% upside, driven by robust AI chip demand and a strong product pipeline.

- Analysts project Nvidia's Q1 revenue to approach $79 billion, with earnings per share anticipated to more than double due to increased AI hardware demand.  
- Approval for H200 chip sales to major Chinese firms could contribute additional revenue, complemented by the upcoming launch of Vera CPUs.  
- Multiple firms have elevated Nvidia's price targets, some predicting over 50% upside, emphasizing robust demand for AI chips and a strong product lineup.

Analysts see Nvidia poised for record Q1 and possible guidance boost

Nvidia is set to report Q1 FY2027 results on May 20, with revenue guidance at $78 billion, excluding potential sales to China. The U.S. has approved limited H200 chip exports to Chinese firms, which could significantly boost revenue if trade relations improve. Analysts emphasize that Q2 guidance will be crucial for assessing demand amid Nvidia's architecture transition and increased capital expenditures from hyperscalers.

- Nvidia is set to report its Q1 FY2027 results on May 20, expecting revenue of $78 billion, excluding potential sales to China.  
- The recent U.S. approval for limited H200 chip exports to China could lead to significant additional revenue if trade relations improve.  
- Analysts emphasize that the Q2 guidance will be crucial in assessing future demand amid Nvidia's architecture transition and increased capital expenditure from hyperscalers.

Nvidia eyes $78B quarter as China chip sales resume

XI2CSOPNVDA(07388.HK)

Nvidia Will Report Q1 Earnings on May 20 — Options Traders Expect an 8.65% Move in NVDA Stock

Key facts: NVIDIA surges to record; $68.1B, 75.2% margin; earnings Wed

Analysts boost Nvidia outlook as AI demand surges ahead of earnings

Nvidia’s AI Lead Is Back in Focus as Wolfe Research Doubles Down

Analysts see Nvidia poised for record Q1 and possible guidance boost