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Intro Amazon Web Services (AWS) continues to be the company’s most important profit driver. As enterprise demand for cloud and AI infrastructure grows, AWS has maintained strong revenue momentum and margin expansion.

Sun Silver: Valuation at $100/oz Silver Key Project: Maverick Springs (Nevada) Resource: Silver: 175M oz at 45 gpt. Silver Equivalent (AgEq): 290M oz at 70 gpt (includes gold).

Key Takeaways Slowing growth and margin pressure by new tech will force low return reinvestment Buying Figma is cheaper than competing, but regulators may block Experience Cloud is a growth story, but not Adobe's strong suit High-quality business, but high-growth perception is unsustainable and will likely subside Catalysts Company Catalysts Margins compressing from AI-driven design The adoption of AI-driven design - the $63B TAM can improve as more people utilize creative works, but the profitability of such projects may decline due to the higher availability of AI driven design. This may result in more revenue but lower profitability for Adobe.

Tesla’s resurgence in growth suggests that the company will experience a remarkable year, particularly under the leadership of President Trump. With the decision to eliminate the EV tax credit, while initially detrimental to Tesla, will ultimately benefit the company by reducing its competition.

Owing to its size, valuation, and strong presence in favourable mining regions, Newmont is an attractive stock for investors seeking to reduce exposure to geopolitical uncertainty. Newcrest acquisition boosted the aging portfolio without significantly burdening the balance sheet.

Overview of First Majestic Silver Current Position: Debt: $201 million. Break-even Costs: Expected to drop from $25-$26 per oz to around $24 by year-end.

Meta Platforms, Inc. (META), the parent company of Facebook, Instagram, and WhatsApp Sector: Telecomm, Technology Industry: social technology Market Capitalization: $1.5t (Mega-cap) Major Competitors: Meta Platforms, Inc.

Tillväxten i flottan sjunker, tillväxten i handeln stiger Q4-siffrorna var bättre än väntat tack vare lägre kostnader. Vi anser att utsikterna för LPG-handeln är starka med en förväntad handelstillväxt på 5,5 procent per år under 2025-26 (genomsnitt 2014-24: 7 procent per år), stärkt av export-tillväxten i USA och Mellanöstern.

Key Takeaways Competition from free Office Productivity software will likely cause seat growth to decline for home and commercial customers Increased smartphone compute power and diminishing compute needs will see Notebook sales decline A shift towards PC and mobile gaming will be detrimental to Xbox console sales and services Catalysts Stagnating Growth in Microsoft Office Revenue Microsoft’s Office suite has been a staple in workplaces and home offices for years, but competition from free cloud-based alternatives like Google Docs and other vendors like Apple, Cisco Systems, Meta, IBM, Okta, Proofpoint, Slack, Symantec, Zoom, and numerous web-based and mobile application competitors are jeopardising this key revenue stream. The issue for Microsoft here is simple; what matters most to customers is convenience, cost and simplicity, and with Office providing a similar product at an elevated price for consumers means that plenty of users which switch to alternatives like Google Moreover, there was a significant price hike in Microsoft 365 and Office 365 business prices by as much as 20 percent in March 2022.