You don’t hear that phrase much anymore: In Cahoots. And without taking time to look it up I don’t remember if it should be connected with one of those little hyphen thingys or not. I was never very good at English language studies; remembering all to well that time the Dean of the English Dept telling me I just couldn’t make up sentence structures as I went along. He was right I suppose - but all that dangling participles and stuff remained - and remains to this very day - on the elusive and slippery side of things for me. So - I pretty much ignore sentence structure. Anyway - after actually taking the time to look it up; here is what In-Cahoots actually means:
What does the expression in cahoots mean?
In an alliance or partnership
“Cahoot is used almost exclusively in the phrase “in cahoots,” which means “in an alliance or partnership.” In most contexts, it describes the conspiring activity of people up to no good.”
Ok…well, where did it come from?
OK…well…where did the term in cahoots come from?
The Oxford English Dictionary says cahoots came to English from the French by way of the Scots. It turns up in Scots English in the 16th century as “cahute,” French for a cabin or small hut.
All of which makes me sorry for looking it up in the first place because none of the companies noted below - as far as I know - are in an alliance or partnership with NVDA and unless one comes up with some interrelated, off the wall conspiracy theory I cannot say with any certainty that they are up to no good. But - since I already have gotten this far and am much to lazy to go back and restart the post I am just going to push forward and get stuck in. But they Could Be!
No - this is not about NVDA per se: Its about all those other non-shady AI related companies lurking in the AI shadows - perhaps a mixture of Aunts, Uncles, Distant Third Cousins on your Moms side, and that crazy old cigar smoking bald guy that shows up at family gatherings with a hot new girlfriend every year. Or something like that.
As usual, through sheer will power and dogged dedication, I have been really, really digging into the NVDA AI Gold Rush Effects with the almost patented Champico Industries famous 15 minute per company Deep Dive Exploratory Expeditions (DDEEs) delving into every nook and cranny - peering relentlessly under every rock and leaving no stone unturned (nor even the janitors closet) in my ongoing efforts to discover…well…stuff. Really Really!
Earlier - in another post, I happened to include the phrase - or wording to the effect, that the NVDA ER had lit the AI rocket fuse; which, upon nearly and almost entirely sober reflection created the background for this post. Or something similar to that. Anyway, here are some of the folks that showed up really well at the NVDA post report party - that is still lingering on today:
- SMCI
Current Price: $219.37 (Intraday)
Sitting Just Below its 52 WK High
Market Cap: $11B
A fabulous and explosive double dipping, eye popping month for SMCI first mentioned according to my memory by ROB: The company was meandering around at about $104 per share prior to its report in early May that sent the stock soaring by $37 per share over a couple of days. And then with NVDA’s report it has surged another $52 per share. Thing is up over 130% in May.
Here is Press Release from the SMCI ER:
And the After Report Headline:
Couple of Scouting Reports:
I knew it - In Cahoots!
…
- Arista Networks (ANET)
Current Price: $168.88 Intraday
Sitting a couple of points Below Its 52 Wk High
Market Cap: $50B (Give or Take)
Prior to the NVDA report ANET was wallowing down around the $140 per share level owing to is very own ER report earlier in the month where is shot itself in the foot by invoking and inviting all sort of “concerns” about Cloud Titans - or something like that.
Report Press Release:
After Report Headline:
But here comes NVDA to save the day:
Since the NVDA report ANET has soared upward by around $28 per share - a windfall of about 20% The thing to keep in mind here is that in actuality the ANET report and Guidance was just fine.
A couple of Scouting Reports:
…
- Broadcom (AVGO)
Current Price: $797 Intraday
At Its High
Market Cap: $305B Give or Take
Another incredible May Double Dipper: On May 22nd AVGO was poking along at $678 or so and then announced a Deal with Apple: It popped…and then the NVDA Booster rocket kicked-in and it re-popped or maybe just got a booster anciallary pop with the ongoing AI frenzy all things AI pop - whatever. Anyway - subsequently, and immediately AVGO is up $119 per share which comes out to a couple of days gain of +17.55%.
The company reports on 6/1
Couple of Scouting Reports:
…
- Advanced Micro Devices AMD
Current Price: $127.03
Could spit and hit 52 WK High
Market Cap: $194.5B
AMD reported FQ1on May 2nd with a somewhat ho-hum and mediocre report that seemingly didn’t inspire great confidence with fans. It then sank from around $89 the day before the report all the way down to the $81 and some change level. Then the AI hype began and the stock has soared all the way up to todays price representing a gain of about 55%. The NVDA report just added jet fuel to the fire pushing AMD another leg or two.
Here is AMD’s Report Press Release:
Here is the Post Report Headline:
A couple of Scouting Reports:
…
- Marvell Tech (MRVL)
Current Price: $65.51
Bumping Against 52 WK High
Market Cap: $43B
MRVL fits in here somewhere…but where exactly? The company reported yesterday with another mediocre level report - that is until they got to the guidance part where they mentioned that AI thing; thereafter, things got crazy and the stock soared from $46 range to todays closing price of $65.51. A gain of roughly +42%. Here is the report Press Release and the after report headlines:
After Report Headlines:
Scouting Reports:
…
There are many others that could be on this list but these are the ones that caught my attention.
All the Best,
BDH Investing
A decline in competitiveness will result in a decline in the company results and it’ll take a while to no longer be attractive. That’s why I’m fully prepared to take any company “out back” (as in, behind the barn)… and shoot it (as in, sell my position). It isn’t complicated.