Reinhardt Gert Coetzee @reinhardtcoetzee: "𝗧𝗲𝗰𝗵 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗥𝗲𝗰𝗮𝗽: 𝟮𝟳 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆..."

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𝗧𝗲𝗰𝗵 𝗘𝗮𝗿𝗻𝗶𝗻𝗴𝘀 𝗥𝗲𝗰𝗮𝗽: 𝟮𝟳 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝟮𝟬𝟮𝟱 Strong Results Amid Market Volatility 📉📈 As we wrap up the latest earnings season, with Nvidia's strong results yesterday I wanted to share some highlights from key players in the portfolio. The market has seen a bit of a sell-off recently, with concerns over inflation, interest rates, and a potential slowdown in AI spending weighing on sentiment. However, overall this earnings season showed stronger-than-expected results from major tech players still signalling resilience and continued growth, especially in AI and cloud computing. Big Tech Earnings Highlights: 🔹 Meta $META (Meta Platforms Inc) Revenue surged 21% YoY to $48.4B, with EPS at $8.02, well above estimates. AI-powered ad pricing and engagement growth fueled the strong performance, though rising expenses from AI investments raised some concerns. 🔹 Microsoft $MSFT (Microsoft) Revenue hit $69.6B, exceeding expectations, but a slight slowdown in Azure’s growth (31% YoY) led to a muted stock reaction. AI remains a key driver of cloud expansion. 🔹 Amazon $AMZN (Amazon.com Inc) A solid Q4 with 10% revenue growth to $187.8B and AWS revenue up 19%. However, soft forward guidance and increased AI-related spending put some pressure on the stock. 🔹 Shopify $SHOP (Shopify Inc.) Revenue climbed 31% to $2.81B, driven by strong e-commerce demand. Despite the beat, conservative guidance led to a pullback in share price. 🔹 Nvidia $NVDA (NVIDIA Corporation) Another strongr quarter with 78% revenue growth to $39.3B and record net income of $22.1B. Demand for AI chips remains “extraordinary,” but investors are watching for emerging competition in the space. Earnings Season Wrap-Up Despite the recent pullback in markets, earnings season has been overwhelmingly positive. Most major tech companies beat expectations, highlighting strong AI-driven demand and cloud computing growth. While some stocks dipped on guidance or sector concerns, the overall takeaway is tech fundamentals remain strong, and AI continues to be a massive tailwind.