Kaohoon Morning Brief – 23 May 2024

Liberator Securities (LIB) projected that Thailand’s SET Index would experience volatility in the same movement to regional markets, influenced by external determinants such as elevated inflation rates in the UK. Moreover, the cautious stance exhibited by the Federal Reserve, as evident from the recently released minutes expressing concerns over subdued inflation trends deviating from initial forecasts, may postpone anticipated rate adjustments. The analyst further recommended investors to monitor ongoing legal proceedings involving the Thai Prime Minister.


Nvidia’s stock surged 6% in after-market trading following an outstanding performance that surpassed estimates, with its EPS soaring by 560% year-over-year to $6.12, exceeding expectations of $5.58.

The company also saw a revenue increase of 262% YoY to $26 billion, beating forecasts of $24.59 billion. Nvidia’s gross margin increased to 78%, up 2 percentage points QoQ.

YoY growth in other segments included Data Center Revenue +427%, Gaming Revenue +18%, Professional Visualization +45%, and Automotive Revenue +11%.

Additionally, Nvidia raised its dividend by 150% to $0.10 from $0.04 and also announced a 10:1 stock split effective June 7, 2024.

For the next quarter, the company anticipates revenue to reach $28 billion, approximately 2% higher than the expected $26.8 billion.


Goldman Sachs CEO David Solomon expressed his expectation that the Federal Reserve will not lower interest rates this year, emphasizing his view at a Boston College event where he mentioned his anticipation of “zero cuts” and a belief in the persistence of inflation.

This stance contrasts with market projections of a potential rate cut by the Fed, which was further fueled by the recent release of minutes from the April 30-May 1 policy meeting revealing concerns that inflation may not ease as quickly as previously assumed.

Solomon, addressing corporate executives and students, highlighted the varied experiences of Americans amid inflation, noting changes in consumer behavior due to rising prices. He also anticipated interest rate reductions in Europe, attributing this to economic challenges within the region.

Solomon raised concerns about global growth obstacles, including inflationary pressures and geopolitical uncertainties, while advocating for a comprehensive approach to industrial policy in the U.S., stressing the necessity of infrastructure development to support electric vehicle re-charging and the increased demands of AI technologies on the current power grid.