President Trump has commented on a personal call with President Xi, framing it a very positive and the two plan to meet soon in China. Markets like it

Nice. The Godfather of AI is joining Charles Liang which is a big endorsement 5pm GMT tomorrow.[image: 1747560100283-screenshot-2025-05-18-at-10.20.28.png]

Reports are circulating that Huawei’s Ascend AI chips, notably the Ascend 910C, are struggling to gain traction in China’s AI market, with some calling them subpar. The chips are reportedly plagued by overheating issues, which is a big red flag for reliability and has put off major Chinese tech firms, many of whom are Huawei’s rivals and wary of adopting its tech. Huawei’s software, the Compute Architecture for Neural Networks (CANN), is also lagging behind NVIDIA’s CUDA platform. CUDA’s well-established ecosystem and developer-friendly tools create a lock-in effect, making it tough for Huawei to compete, as CANN struggles with compatibility and performance. While U.S. restrictions on NVIDIA’s H20 GPUs have given Huawei a slight edge in China, its global ambitions are hamstrung by sanctions and supply chain woes. Production yields for the 910C, built on SMIC’s 7nm process, are reportedly stuck at around 30%, limiting scalability. Despite Huawei’s claims that the 910C rivals NVIDIA’s H100, these issues—overheating, weaker software, and geopolitical barriers—mean it’s got a steep hill to climb to challenge NVIDIA’s dominance in the AI chip race. Don't count out the new Nvidia B20 (H20 replacement). Imo Nvidia is very much still in the China market. It's also a reminder-CUDA is king, not just the chip. 7nm vs TSMC 2nm/5nm and yields at 90%. Maybe Huawei needs some DLC

Our main Pharma holding is Vertex. They have majority manufacturing presence in Boston, Massachusetts, where they use a cutting-edge continuous manufacturing facility for cystic fibrosis drugs like Trikafta. Their golden goose. Other companies: [image: 1744535569397-screenshot-2025-04-13-at-10.12.33.png]

Over 50% of the value of the company is AWS-maybe 65% AWS generates approx 28.7b and earns 10.5(quarter) Azure generates about 24.5b(less than AWS) but also earns 10.5b Similar money makers similar growth. Msft earns significantly more money overall-circa 50%+ more.

Thank you Nik. Perhaps you could propose giving the client the option to abandon the small change remaining in funds since it costs the company more to withdraw than the amounts themselves. This would help expedite the process. Frank

Yep-medp too. Ron’s list is correct

Quick update: with thanks to Nik, I've effected all the movements suggested and am hoping that the new investments in IM will grow as bountifully as the last ones have done! Thanks chaps.

Thanks. I did yesterday. Will wait or try to call. Thanks

Great to hear Ron. That portfolio has been very productive. I’m very proud of it and very pleased for anyone who put their hard earned money into it.

Ok sure, send it over

@Adam-Kay said in Dashboard performance charts.: J, I wish you’d mentioned this a while ago. [image: 1740153593731-screen-shot-2025-02-21-at-15.56.38.png] Crumbs. That's not shabby.

@Dangermouse The current indication is that beneficiary pensions within a DB scheme will be classed as outside the estate. Given that they are paid as income and taxed in the hands of the recipient as income there is already tax claimed on this benefit. It is also likely that an annuity with ongoing beneficiary payments after death would also be treated as outside the estate. The main "target" is unused pension pots that at the moment pass as a tax free lump of cash on death before 75. Cheers

Just to round this off….it was 9 days from placing order to receiving money with Fidelity Happy with the Cobens timeframe

AVGO is due to report Q2 earnings tomorrow. Here is what is expected. They will almost certainly beat and guide higher. We will be watching for comments around their ASICS segment and VMWare. A fantastic business, acquired at a fair price. We acquired the stock on 18 March @ $193 and today it sits at an all time high of $260. [image: 1749053157390-screenshot-2025-06-04-at-16.59.55.png]

Morning, Air time is driven by: Weight or our position vs the market position. We were contrarians with SMCI (still are). SMCI drives a lot of opinion! The significance of the company vs the sector Companies driving change/innovation (driving news) My personal interests-and what I think others find interesting-esoteric sectors Cobens has 20k clients and we managed 3X more assets than IM before the rescue I appreciate that we talk about Tech a lot and a couple of holdings in particular. The fact is Nvidia drives/is a barometer of the wider sector(and the market) and what is good/bad for Nvidia impacts other big names.

Hi All. Aggregating threads/data from third-party sources is not really within the scope of this forum. However you can accomplish this quite easily yourself with an RSS reader. Feedly is probably the easiest and most popular option, free to use up to 100 feeds. However, there are plenty of other free and paid options. Most forums, including this one; have multiple RSS feeds you can subscribe to (look for the [image: 1726570922525-screenshot-2024-09-17-120153.png] icon). If you want to further customise your experience you can do so from your user profile.

@nilamac said in Is there plans to improve the forum structure?: @Renmure-Jim I hope this never happens. Or that the moderators block/remove them ... Can’t believe you can have a serious forum about pensionzzzzzz and investmentzzzzz and savingzzzzz without a few cats thrown into the mix for a bit of balance. Hey ho.

@dingg said in Fed rate cut 50bps: Yes, today will be stellar, show on tomorrow's read out Friday is opex, going to be volatile, closing just positive (he says optimistically) You are of a more optimistic mindset than me! Or (much more likely) you simply have different portfolio allocations. For me, Thursday (i.e results shown on Friday) was decent but not huge. And Friday (results shown on Saturday) was slightly down. Hoping for big things on Monday (Tuesday's results), but then I hope for that every day!