Welcome to Blue Room's Weekend Update. Each week, we're sharing what companies we're researching and the what, the who and the how that we think makes the companies interesting and unique. This roundup is brought to you weekly by a group of interns, creative minds, artists and investors who believe that through best in class investing along with the democratization of financial education we can do great things together. Enjoy, Explore and Share.

As many analysts expected, Nvidia's data center revenue continued to grow at record absolute levels, with segment revenues coming in at $2.94 billion, or +54.7% YoY and 24.3% sequentially. The demand outlook for data center products, which are generally marketed towards software and big data companies, is expected to surge as the tech industry begins to accelerate its transition to a more A.I. & V.R. cloud-computing environment. Automotive was the only segment of concern for the quarter with revenues down sequentially, due to continued supply challenges in the automotive chip market as a whole. Graphics revenue was and is likely to continue strong performance as the demand for RTX systems continues to percolate and we see fewer GTX sales.

The market also has been eager to know where the Nvidia/Arm Ltd. acquisition stands with regulators, but the outlook was little illuminated during the Q&A portion of Nvidia's Q3 earnings call. Colette Kress, Nvidia Corporation's Executive Vice President and Chief Financial Officer, briefly addressed the acquisition Wednesday afternoon noting that, "regulators at the U.S. FTC have expressed concerns regarding the transaction" and that "regulators in the U.K. and E.U. have declined to approve the transaction in Phase 1 of their review", leading us to believe that the merger may be in jeopardy. U.K. regulators, in conjunction with the European Commission, have cited competition concerns and are now addressing potential national security concerns. The transaction is also under revenue by China Antitrust Authority, pending the formal case initiation. The deal was proposed September 2020 with and 18 month target action data, which recently was extend into April 2022 for unknown reasons.

The Arm news has not seemed to slow the company's stock down as it was up 7.91% this week. The stock has risen more than 151% year-to-date. The company is now valued at 824.63 billion, at a P/E ratio of 101.83.

Thank you Blue Room Analyst IAN CARTER

“Catch A Star” (2019) by Jillian FitzMaurice

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BAINBRIDGE, GA – November 15, 2021 – Danimer Scientific, Inc., announced today its financial results for the third quarter ended September 30, 2021. Stephen E. Croskrey, CEO of Danimer commented, “The third quarter marked another period of continued progress on our path to deliver best-in-class solutions for biodegradable packaging and other products which address the global plastic waste crisis. During the quarter, we executed further on several key objectives, including the initial integration of our recent acquisition of Novomer, continued application development work as well as negotiating development and supply agreements with our blue-chip customers. We remain on schedule with scaling up our Kentucky phase I operations in addition to the construction of our Kentucky facility phase II operations, and we now expect to break ground on our planned state-of-the-art greenfield facility in Bainbridge, Georgia, later this month. As we look to the remainder of the year, we are confident in the trajectory of our business and our ability to build further upon the strength of our leading application development expertise. We are excited by our progress year-to-date and believe we are still in the very early stages of an immense opportunity for long-term growth and value creation.”

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Corporate Profile: Talis Biomedical Corporation operates as a molecular diagnostic company. It is developing the Talis One System to address the limitations of existing point-of-care diagnostic testing technologies for infectious diseases. The company is also developing Talis One assay kits for respiratory infections, infections related to women’s health, and sexually transmitted infections; and other tests for the detection of other respiratory infections, such as a respiratory panel test to detect influenza A and influenza B plus SARS-CoV-2. Talis Biomedical Corp was incorporated in 2013 and is headquartered in Menlo Park, California.

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The Home Depot, Inc. is the world’s largest home improvement retailer based on net sales for fiscal 2020. It offers our customers a wide assortment of building materials, home improvement products, lawn and garden products, and decor products and provides a number of services, including home improvement installation services and tool and equipment rental. At the end of the first quarter, the Company operated a total of 2,317 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.

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Released in 2009, Bitcoin is the world’s first cryptocurrency, stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin. Every transaction involving Bitcoin is tracked on the blockchain, which is similar to a bank’s ledger, or log of customers’ funds going in and out of the bank. In simple terms, it’s a record of every transaction ever made using Bitcoin. Unlike a bank’s ledger, the Bitcoin blockchain is distributed across the entire network. No company, country, or third party is in control of it; and anyone can become part of that network. There will only ever be 21 million bitcoin. This is digital money that cannot be inflated or manipulated in any way.

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At Precision BioSciences, leaders in genome editing utilize the ARCUS editing platform to eliminate cancers, cure genetic diseases, and create safer, more productive food sources.

Genome editing technologies allow us to rethink our approach to a broad array of serious challenges faced by the world today. We now have the ability to precisely edit the DNA of a living organism, opening up the possibility of correcting genetic problems at their source.

Precision BioSciences is dedicated to improving life through its proprietary genome editing platform, “ARCUS”. Precision leverages ARCUS in the development of its product candidates, which are designed to treat human diseases in three innovative areas: allogeneic CAR T immunotherapy, in vivo gene correction, and food.

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Exact Sciences Corporation Corporate Profile:

CHANGING LIVES, TOGETHER

Getting ahead of cancer is crucial no matter where people are in their cancer journey. From earlier cancer detection to treatment guidance and monitoring, we are helping people get the answers they need to make more informed decisions across the cancer continuum.

With a leading portfolio of products for earlier detection and treatment guidance, we help people face the most challenging decisions with confidence.

Our dedication to taking on the impossible fuels everything we do. We are continuously innovating, combining scientific rigor with an open-minded approach to deliver the next big thing.

OUR PURPOSE: We strive to change lives through earlier, smarter answers across the cancer journey.

OUR PROMISE: We relentlessly pursue life-changing answers in cancer that give people the clarity they need to take action, earlier.

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Guardant Health is a leading precision oncology company dedicated to helping conquer cancer through our proprietary blood tests, vast data sets, and advanced analytics.

Cancer is data starved. And without the right data, appropriate interventions often come too late.

To select the best treatment, doctors and patients must have access to detailed genomic information about the disease. But this information is not easy to get. Traditional tissue biopsies require physical access to tumor tissue and come with serious risks for some patients. And for many patients, they aren’t even an option. In addition, they do little to help detect cancer early, when patients have the best chance at successful treatment.

We believe the key to conquering cancer is unprecedented access to its molecular information throughout all stages of the disease. We are developing a solution through tests that require only a blood sample.

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Schrödinger, Inc.Corporate Profile:

Our mission: To improve human health and quality of life by transforming the way therapeutics and materials are discovered.

Our physics-based computational platform leverages a deep understanding of physics, chemistry, and predictive modeling to accelerate innovation.

Our platform enables our collaborators to discover high-quality, novel molecules more rapidly, at lower cost, and we believe with a higher likelihood of success compared to traditional methods. We’re also harnessing this platform for our internal drug discovery programs.
We are proud to be leading this digital revolution.

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Snap Inc. is a camera company.

We believe that reinventing the camera represents our greatest opportunity to improve the way people live and communicate.

We contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together.

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Founded in the 1990s, Oatly is a Swedish food company that produces plant-based alternatives to dairy products from oats. Oatly’ s most popular product is the Barista Edition of its coffee, which has a cult-like following at both retail and foodservice locations. That being said, Oatly does offer a wide range of oat-based dairy alternatives ranging from milk to yogurt to whipping cream. Oatly champions sustainability throughout the company, and this is perhaps most prevalent in its marketing campaigns. Oatly’s primary market is in Europe, but is steadily growing its international presence in Asia and the United States.

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Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers other various technologies and services, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment, fabrication performance, and productivity. This segment offers spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing display technologies such as liquid crystal displays and organic light-emitting diodes. These technologies are used in TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices, as well as equipment for processing flexible substrates. Applied Materials, Inc. was founded in 1967 and is currently headquartered in Santa Clara, California.

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Intuit helps consumers, small businesses, and the self-employed prosper by delivering financial management and compliance products and services. We also provide specialized tax products to accounting professionals, who are key partners that help us serve small business customers.

Our global products and platforms, including TurboTax, QuickBooks, Mint, and Credit Karma, are designed to help consumers and small businesses manage their finances, save money, pay off debt and do their taxes with ease and confidence so they are receiving the maximum refund they deserve. For those customers who run small businesses, we are focused on helping them get paid faster, pay their employees, access capital, ensure their books are done right and find and keep customers. We serve approximately 100 million customers across our product offerings and platforms.

Intuit Inc. was incorporated in California in March 1984, then was reincorporated in Delaware and completed an initial public offering in March 1993.