YeeHerng personal page - To The Moon

YeeHerng

No personal profile

11Follow

0Followers

0Topic

0Badge

2023-03-14

Great ariticle, would you like to share it?

How Does a Bank Collapse Quickly? a Timeline of the SVB Fall

2021-03-24

Great ariticle, would you like to share it?

Taiwan Semiconductor: High Ground Versus Low Ground

2021-03-04

MU100

Sorry, the original content has been removed

2021-03-03

Great ariticle, would you like to share it?

Sorry, the original content has been removed

2021-02-10

$Sundial Growers Inc.(SNDL)$hahaha

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3571101186615770","uuid":"3571101186615770","gmtCreate":1608093161086,"gmtModify":1608093161086,"name":"YeeHerng","pinyin":"yeeherng","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":11,"tweetSize":5,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":3,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.05.15","exceedPercentage":"60.63%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.17","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.26%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":3,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":9949526350,"gmtCreate":1678767545371,"gmtModify":1678767549282,"author":{"id":"3571101186615770","authorId":"3571101186615770","name":"YeeHerng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101186615770","idStr":"3571101186615770"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949526350","repostId":"2318942637","repostType":2,"repost":{"id":"2318942637","kind":"highlight","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1678763358,"share":"https://ttm.financial/m/news/2318942637?lang=&edition=fundamental","pubTime":"2023-03-14 11:09","market":"us","language":"en","title":"How Does a Bank Collapse Quickly? a Timeline of the SVB Fall","url":"https://stock-news.laohu8.com/highlight/detail?id=2318942637","media":"Tiger Newspress","summary":"Recently, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered custome","content":"<html><head></head><body><p>Recently, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered customers and investors in limbo.</p><p>Silicon Valley Bank, facing a sudden bank run and capital crisis, collapsed Friday morning and was taken over by federal regulators.</p><p>It was the largest failure of a US bank since Washington Mutual in 2008.</p><p><img src=\"https://static.tigerbbs.com/378ad97105d4f81aba9366beb9c7f945\" tg-width=\"750\" tg-height=\"4212\" referrerpolicy=\"no-referrer\"/></p><p>Here’s what we know about the bank’s downfall, and what might come next.</p><h2>What is SVB?</h2><p>Founded in 1983, SVB specialized in banking for tech startups. It provided financing for almost half of US venture-backed technology and health care companies.</p><p>While relatively unknown outside of Silicon Valley, SVB was among the top 20 American commercial banks, with $209 billion in total assets at the end of last year, according to the FDIC.</p><h2>Why did it fail?</h2><p>In short, SVB encountered a classic run on the bank.</p><p>The longer version is a bit more complicated.</p><p>Several forces collided to take down the banker.</p><p>First, there was the Federal Reserve, which began raising interest rates a year ago to tame inflation. The Fed moved aggressively, and higher borrowing costs sapped the momentum of tech stocks that had benefited SVB.</p><p>Higher interest rates also eroded the value of long-term bonds that SVB and other banks gobbled up during the era of ultra-low, near-zero interest rates. SVB’s $21 billion bond portfolio was yielding an average of 1.79% — the current 10-year Treasury yield is about 3.9%.</p><p>At the same time, venture capital began drying up, forcing startups to draw down funds held by SVB. So the bank was sitting on a mountain of unrealized losses in bonds just as the pace of customer withdrawals was escalating.</p><h2>The panic takes root…</h2><p>On Wednesday, SVB announced it had sold a bunch of securities at a loss, and that it would also sell $2.25 billion in new shares to shore up its balance sheet. That triggered a panic among key venture capital firms, who reportedly advised companies to withdraw their money from the bank.</p><p>The bank’s stock began plummeting Thursday morning and by the afternoon it was dragging other bank shares down with it as investors began to fear a repeat of the 2007-2008 financial crisis.</p><p>By Friday morning, trading in SVB shares was halted and it had abandoned efforts to quickly raise capital or find a buyer. California regulators intervened, shutting the bank down and placing it in receivership under the Federal Deposit Insurance Corporation.</p><h2>Contagion fears subside</h2><p>Despite initial panic on Wall Street, analysts said SVB’s collapse is unlikely to set off the kind of domino effect that gripped the banking industry during the financial crisis.</p><p>“The system is as well-capitalized and liquid as it has ever been,” Moody’s chief economist Mark Zandi said. “The banks that are now in trouble are much too small to be a meaningful threat to the broader system.”</p><p>No later than Monday morning, all insured depositors will have full access to their insured deposits, according to the FDIC. It will pay uninsured depositors an “advance dividend within the next week.”</p><h2>What’s next?</h2><p>So, while a broader contagion is unlikely, smaller banks that are disproportionately tied to cash-strapped industries like tech and crypto may be in for a rough ride, according to Ed Moya, senior market analyst at Oanda.</p><p>“Everyone on Wall Street knew that the Fed’s rate-hiking campaign would eventually break something, and right now that is taking down small banks,” Moya said on Friday.</p><p>The FDIC typically sells a failed bank’s assets to other banks, using the proceeds to repay depositors whose funds weren’t insured.</p><p>A buyer could still emerge for SVB, though it’s far from guaranteed.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Does a Bank Collapse Quickly? a Timeline of the SVB Fall</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Does a Bank Collapse Quickly? a Timeline of the SVB Fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-03-14 11:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Recently, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered customers and investors in limbo.</p><p>Silicon Valley Bank, facing a sudden bank run and capital crisis, collapsed Friday morning and was taken over by federal regulators.</p><p>It was the largest failure of a US bank since Washington Mutual in 2008.</p><p><img src=\"https://static.tigerbbs.com/378ad97105d4f81aba9366beb9c7f945\" tg-width=\"750\" tg-height=\"4212\" referrerpolicy=\"no-referrer\"/></p><p>Here’s what we know about the bank’s downfall, and what might come next.</p><h2>What is SVB?</h2><p>Founded in 1983, SVB specialized in banking for tech startups. It provided financing for almost half of US venture-backed technology and health care companies.</p><p>While relatively unknown outside of Silicon Valley, SVB was among the top 20 American commercial banks, with $209 billion in total assets at the end of last year, according to the FDIC.</p><h2>Why did it fail?</h2><p>In short, SVB encountered a classic run on the bank.</p><p>The longer version is a bit more complicated.</p><p>Several forces collided to take down the banker.</p><p>First, there was the Federal Reserve, which began raising interest rates a year ago to tame inflation. The Fed moved aggressively, and higher borrowing costs sapped the momentum of tech stocks that had benefited SVB.</p><p>Higher interest rates also eroded the value of long-term bonds that SVB and other banks gobbled up during the era of ultra-low, near-zero interest rates. SVB’s $21 billion bond portfolio was yielding an average of 1.79% — the current 10-year Treasury yield is about 3.9%.</p><p>At the same time, venture capital began drying up, forcing startups to draw down funds held by SVB. So the bank was sitting on a mountain of unrealized losses in bonds just as the pace of customer withdrawals was escalating.</p><h2>The panic takes root…</h2><p>On Wednesday, SVB announced it had sold a bunch of securities at a loss, and that it would also sell $2.25 billion in new shares to shore up its balance sheet. That triggered a panic among key venture capital firms, who reportedly advised companies to withdraw their money from the bank.</p><p>The bank’s stock began plummeting Thursday morning and by the afternoon it was dragging other bank shares down with it as investors began to fear a repeat of the 2007-2008 financial crisis.</p><p>By Friday morning, trading in SVB shares was halted and it had abandoned efforts to quickly raise capital or find a buyer. California regulators intervened, shutting the bank down and placing it in receivership under the Federal Deposit Insurance Corporation.</p><h2>Contagion fears subside</h2><p>Despite initial panic on Wall Street, analysts said SVB’s collapse is unlikely to set off the kind of domino effect that gripped the banking industry during the financial crisis.</p><p>“The system is as well-capitalized and liquid as it has ever been,” Moody’s chief economist Mark Zandi said. “The banks that are now in trouble are much too small to be a meaningful threat to the broader system.”</p><p>No later than Monday morning, all insured depositors will have full access to their insured deposits, according to the FDIC. It will pay uninsured depositors an “advance dividend within the next week.”</p><h2>What’s next?</h2><p>So, while a broader contagion is unlikely, smaller banks that are disproportionately tied to cash-strapped industries like tech and crypto may be in for a rough ride, according to Ed Moya, senior market analyst at Oanda.</p><p>“Everyone on Wall Street knew that the Fed’s rate-hiking campaign would eventually break something, and right now that is taking down small banks,” Moya said on Friday.</p><p>The FDIC typically sells a failed bank’s assets to other banks, using the proceeds to repay depositors whose funds weren’t insured.</p><p>A buyer could still emerge for SVB, though it’s far from guaranteed.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4588":"碎股","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4211":"区域性银行","BK4585":"ETF&股票定投概念","LU1861217088.USD":"贝莱德金融科技A2","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2318942637","content_text":"Recently, the go-to bank for US tech startups came rapidly unglued, leaving its high-powered customers and investors in limbo.Silicon Valley Bank, facing a sudden bank run and capital crisis, collapsed Friday morning and was taken over by federal regulators.It was the largest failure of a US bank since Washington Mutual in 2008.Here’s what we know about the bank’s downfall, and what might come next.What is SVB?Founded in 1983, SVB specialized in banking for tech startups. It provided financing for almost half of US venture-backed technology and health care companies.While relatively unknown outside of Silicon Valley, SVB was among the top 20 American commercial banks, with $209 billion in total assets at the end of last year, according to the FDIC.Why did it fail?In short, SVB encountered a classic run on the bank.The longer version is a bit more complicated.Several forces collided to take down the banker.First, there was the Federal Reserve, which began raising interest rates a year ago to tame inflation. The Fed moved aggressively, and higher borrowing costs sapped the momentum of tech stocks that had benefited SVB.Higher interest rates also eroded the value of long-term bonds that SVB and other banks gobbled up during the era of ultra-low, near-zero interest rates. SVB’s $21 billion bond portfolio was yielding an average of 1.79% — the current 10-year Treasury yield is about 3.9%.At the same time, venture capital began drying up, forcing startups to draw down funds held by SVB. So the bank was sitting on a mountain of unrealized losses in bonds just as the pace of customer withdrawals was escalating.The panic takes root…On Wednesday, SVB announced it had sold a bunch of securities at a loss, and that it would also sell $2.25 billion in new shares to shore up its balance sheet. That triggered a panic among key venture capital firms, who reportedly advised companies to withdraw their money from the bank.The bank’s stock began plummeting Thursday morning and by the afternoon it was dragging other bank shares down with it as investors began to fear a repeat of the 2007-2008 financial crisis.By Friday morning, trading in SVB shares was halted and it had abandoned efforts to quickly raise capital or find a buyer. California regulators intervened, shutting the bank down and placing it in receivership under the Federal Deposit Insurance Corporation.Contagion fears subsideDespite initial panic on Wall Street, analysts said SVB’s collapse is unlikely to set off the kind of domino effect that gripped the banking industry during the financial crisis.“The system is as well-capitalized and liquid as it has ever been,” Moody’s chief economist Mark Zandi said. “The banks that are now in trouble are much too small to be a meaningful threat to the broader system.”No later than Monday morning, all insured depositors will have full access to their insured deposits, according to the FDIC. It will pay uninsured depositors an “advance dividend within the next week.”What’s next?So, while a broader contagion is unlikely, smaller banks that are disproportionately tied to cash-strapped industries like tech and crypto may be in for a rough ride, according to Ed Moya, senior market analyst at Oanda.“Everyone on Wall Street knew that the Fed’s rate-hiking campaign would eventually break something, and right now that is taking down small banks,” Moya said on Friday.The FDIC typically sells a failed bank’s assets to other banks, using the proceeds to repay depositors whose funds weren’t insured.A buyer could still emerge for SVB, though it’s far from guaranteed.","news_type":1},"isVote":1,"tweetType":1,"viewCount":13,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351319637,"gmtCreate":1616562258729,"gmtModify":1704795689738,"author":{"id":"3571101186615770","authorId":"3571101186615770","name":"YeeHerng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101186615770","idStr":"3571101186615770"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351319637","repostId":"1155582622","repostType":2,"repost":{"id":"1155582622","kind":"news","pubTimestamp":1616426086,"share":"https://ttm.financial/m/news/1155582622?lang=&edition=fundamental","pubTime":"2021-03-22 23:14","market":"us","language":"en","title":"Taiwan Semiconductor: High Ground Versus Low Ground","url":"https://stock-news.laohu8.com/highlight/detail?id=1155582622","media":"seekingalpha","summary":"Taiwan Semiconductor Manufacturing Co., or TSMC, is at a \"choke point\" in the semiconductor supply chain, where the company can benefit from the rigidity of industry capacity expansion to meet demand surge.TSMC’s high-ground scenario includes possessing  the most advanced high-end technology,  the largest and still rising market share, and  15% annual revenue growth from $28 billion capex.If considering both the high-ground and low-ground cases, TSM is reasonably valued at the current $110’s lev","content":"<p><b>Summary</b></p>\n<ul>\n <li>Taiwan Semiconductor Manufacturing Co., or TSMC, is at a \"choke point\" in the semiconductor supply chain, where the company can benefit from the rigidity of industry capacity expansion to meet demand surge.</li>\n <li>TSMC’s high-ground scenario includes possessing (1) the most advanced high-end technology, (2) the largest and still rising market share, and (3) 15% annual revenue growth from $28 billion capex.</li>\n <li>TSMC’s future low-ground scenario includes (1) declining utilization rates due to fading WFH demand, (2) USD depreciations cutting into EPS, and (3) $28 billion capex cutting into future dividend payments.</li>\n <li>If considering both the high-ground and low-ground cases, TSM is reasonably valued at the current $110’s level with a moderate upside for 2021.</li>\n <li>The real excitement is that TSM may reach $170 by 2022.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/59820ae2f73b142d92ed1e65f1b1085d\" tg-width=\"768\" tg-height=\"512\"><span>Photo by Sundry Photography/iStock Editorial via Getty Images</span></p>\n<p>It is hardly an exaggeration to call Taiwan Semiconductor Manufacturing Company(NYSE:TSM)(“TSMC”) the most important company in the world. At the very least, Taiwanese call TSMC their “Protecting Taiwan God Mountain.” Considering it is practically the “choke point” of the $470 billion global semiconductor industry, TSMC is also “potentially the most single point of failure in the semiconductor value chain,”said&nbsp;Jan-Peter Kleinhans, Director of the technology and geopolitics project at Berlin-based think tank,<i>Stiftung Neue Verantwortung</i>.</p>\n<p>TSMC processes the most advanced foundry technology and the largest market share (54%) in a capacity-constrained industry. Obviously, both the company and the stock have benefited significantly from the limitation of capacity expansion to meet the surging demand. In 2020, TSMC’s revenue has grown 25%, while the stock went up over 90%. It appears that their stock has looked beyond the recent financial performance.</p>\n<p>For that purpose, in this post, I described TSMC's future with a best-case and a worst-case scenario, respectively. TSMC's high-ground is that the structural growth drivers should remain intact if the company can retain the technological advances to create a wider chip platform to support the long-term growth of AI and HPC. Short-term demand should stay strong due to the global chip shortage and possible Intel outsourcing. However, TSMC should also expect the low-ground cases that are mainly from the decreasing utilization rate, weakening USD, higher capital expenditure diluting future dividend payments, the market-wide rising yield effect, and valuation correction. I also mapped out the path of TSMC future share price movements under each scenario. Given a higher likelihood for the high-ground case, TSMC may have a 20% upside in the next 12 months and a 70% upside in the next 24 months.</p>\n<p><b>TSMC’s High Ground</b></p>\n<p>The best-case scenario assumes that TSMC will retain most of the following favorable factors which have contributed to TSMC’s 2020 gain:</p>\n<p><b>Most advanced high-end technology supports TSMC’s long-term structural growth.</b>Compared amongst peers, TSMC is easily the leader in the arcane Extreme Ultra Violet (ELV) process, where it has half the world’s installed base and&nbsp;60% of its production.By 2020, TSMC has delivered&nbsp;over 1 billion 7 nm chips, while Intel(NASDAQ:INTC)is still struggling to master its 7nm process. TSMC’s 5nm chips has lower defect rates than it did at this point in its 7nm development. It is already ramping up for 3 nm production by the end of 2022 and has begun working&nbsp;on the 2 nm process(see figure below). The lead in technology is the basis for the structural growth drivers which should remain intact in the next few years, with TSMC being the key enabler of this AI/HPC revolution.</p>\n<p><img src=\"https://static.tigerbbs.com/068ca2e4582ecb2e1a44f88ec1093900\" tg-width=\"640\" tg-height=\"429\"></p>\n<p><b>The market share hits</b>&nbsp;<b>54%</b>&nbsp;<b>and expects to rise.</b>After reporting record revenue in 2020 based on demand for 5G smartphones, notebooks for teleworking and high-performance computers, TSMC reached a commanding 54% market share with the next competitor, Samsung Electronics(OTC:SSNLF)at a distant 18%. It is expected that TSMC’s market share dominance may continue as Apple(NASDAQ:AAPL)remains TSMC’s major customer and will give the Taiwanese firm more business for chips made with its most advanced technology.</p>\n<p><b>Short-term demand remains robust in the logic semi space.</b>Thanks to WFH-induced global chip shortage<b>,</b>full utilization nearly across all process nodes (especially tight at 7nm, 40nm and 8\") with continued 28nm utilization improvement. The better-than-expected crypto miner ASIC demand helping to fill the gap of 5nm capacity slack due to iPhone order cuts and Apple seasonality.</p>\n<p><b>TSMC should see more corroboration</b>&nbsp;of growth momentum in HPC, potential Intel CPU orders at 3nm, faster growth in&nbsp;AMD&nbsp;CPU, and Nvidia’s(NASDAQ:NVDA)AI accelerators. Intel outsourcing, if executed, is estimated to add 1% to TSMC’s revenue (Mizuho).</p>\n<p><b>The $28 billion capex spending</b>&nbsp;reflects management's confidence about advanced node chips' long-term demand strength and possible 15% compound annual revenue growth in the next 2-3 years.</p>\n<p><b>TSMC’s Low Ground</b></p>\n<p>The low-ground case would include several negative factors on the horizon that the high-ground case does not consider:</p>\n<p><b>Decreasing utilization rate results from fading WFH demand.</b>TSMC has operated at full capacity for a while; however, weaker-than-expected demand and macro conditions may lead to downside risk for utilization rate forecasts.It is estimated&nbsp;that every 1% decline in the utilization rate could result in 4%-5% downside to the 2021-2022 EPS estimates.</p>\n<p><b>Medium-term inventory correction is inevitable.</b>Inventory correction from a fading WFH demand is expected in 2H21. Logic semi inventory restocking has lasted for 6-7 quarters by 1Q21. While near-term demand indicators remain solid in the logic semi space, it is likely that there will be some inventory correction after 2022, as suggested by the analyst forecasts (Figure 2). However, JP Morgan predicts that end demand drivers for TSMC are likely to become more structural rather than cyclical in the future, with revenues from HPC likely to crossover those from smartphones by 2023. Consequently, TSMC could fare better during logic semi down cycle and recover faster from the trough vs other tier-2 Foundries (JP Morgan).</p>\n<p><img src=\"https://static.tigerbbs.com/27ebf5f3771333335e3ec84dda7798fc\" tg-width=\"640\" tg-height=\"336\"></p>\n<p><b>Average selling price (ASP) may go down.</b>TSMC has benefited from a 6% increase in ASP in 2021/22. However, the advantage has been reduced due to pricing competition from Samsung.Mizuho&nbsp;estimated that every 1% fall in ASP could result in 2%-3% downside for our EPS estimates for 2021-22.</p>\n<p><b>Weakening USD (Strengthening TWD) cuts into EPS.</b>Approximately 99% of TSMC’s sales are denominated in US dollars, but only 15% of its Cost of Goods Sold is in US dollars. Thus, TWD appreciation impacts the company’s gross margin. Based on&nbsp;Mizuho’s estimate,every 1% TWD appreciation could lead to 1%-2% downside to EPS estimates for 2021-22.</p>\n<p><b>$28 billion Capex may dilute dividend payment</b>. Taiwan Semiconductor's 1Q guidance of 23% year-over-year revenue growth indicates stronger sales of computing processors and automotive chips may offset the seasonality of smartphone chips. The $28 billion full-year capital budget&nbsp;may cut into&nbsp;the company's free cash flow and lead to greater volatility in the dividend.</p>\n<p><b>From Future Financials to Future Stock Prices</b></p>\n<p>After the high-ground and low-ground scenarios are developed, I will explain how to convert forecast financials into future stock prices: If a stock is priced based on its forecast financials at each point in time, I should first find those financial metrics which have traditionally affected the stock prices. A historical relationship between the historical stock prices and these financial metrics is first identified (multiple regression method). Then, the current forecast of these financial metrics at different future time point can be used to generate the future stock price targets. Historically, TSMC's stock prices are known to react to consensus forecasts of revenue, EPS, gross margin, capital expenditure, and free cash flow or dividend, e.g., the relationships in Figures 1A-1B.</p>\n<p><img src=\"https://static.tigerbbs.com/6d8598e14f696255c7faa92760ef906f\" tg-width=\"640\" tg-height=\"329\"><img src=\"https://static.tigerbbs.com/ed9aa585df33e69929a8a843f28e00f3\" tg-width=\"640\" tg-height=\"325\"></p>\n<p>Keep in mind that although I used historical data to estimate a historical relationship, it is still a forward-looking process. This is because, at any point in time in history, TSMC's price is estimated by the forward estimates of the five financial metrics at that time. The only assumption I made is that investors used the same (forward-looking) valuation structure to price stocks consistently. Using the relationship and the analysts' next 10-quarter estimates of the five metrics, I was able to compute the future stock prices corresponding to those forward financials.</p>\n<p><b>High-Ground vs. Low-Ground Share Prices</b></p>\n<p>For high-ground scenario, I used the normal relationship which assumes TSMC stock price is determined by forecast quarterly revenue, EPS, capital expenditure, and dividend estimates. For low-ground scenario, I included additional negative factors of expected 10-year Treasury yield up moves (from futures contracts), the future USD depreciation (from futures contracts), the forecast higher inventory, and forecast distant revenue growth rates (for lower utilization rates).</p>\n<p><img src=\"https://static.tigerbbs.com/ad3a771ad144f1a71a405203b9b19b58\" tg-width=\"640\" tg-height=\"345\"></p>\n<p>In Figure 2, I showed the high-ground prices in red, the low-ground prices in green and the actual TSMC price in black. Of course, after Q1 2021, only predicted prices are available. If you can go along with my approach, Figure 3 becomes quite telling. First of all, up till today, both predicted prices seem to map the actual stock price quite closely, the tight relationship implicitly validate the power of the models. It is also expected both scenarios behaved very similarly because all the additional (negative) factors included in the low-ground case are more relevant in the next few quarters. This is why the high-ground price explains the realty better until today, as both actual and high-ground prices are around $118 at Q1 2021, while low-ground price is at $81.</p>\n<p><img src=\"https://static.tigerbbs.com/46ff924f4d6ece1e451e1ca16ddc2070\" tg-width=\"640\" tg-height=\"382\"></p>\n<p>It is more important to see how the future share price plays out under each scenario. Table 1 indicates that the high-ground prices consistently trade at a $40 premium over the low-ground price and eventually to over $80 premium by Q4 2022. Of course, you can assign your own estimates on the chance that each scenario will happen. Due to the short-term nature of all the negative factors, my own guess is biased to the high-ground, fundamental picture of TSMC. Using a 30% low-ground/70% high-ground guess, the resulting TSMC future share price may be relatively flat in 2021 but will take off to $170 by the end of 2022 (Table 1).</p>\n<p><b>Takeaways</b></p>\n<p>Being the largest player in a critically important space, TSMC is at the choke point that gives the company an advantage to benefit from the rigidity of capacity expansion to meet demand surge (high ground). It appears that TSMC share price has already priced in this advantage. But like all other tech stocks, TSM has not priced in the rising yields, fading WFH demand, high valuation, and future competitors’ challenges (low ground).</p>\n<p>If considering both the high ground and low ground cases, TSM is reasonably valued at the current $110’s level. But share price is expected to have moderate upside for 2021. The real excitement will be in 2022 when the negative low-ground factors are out of the system. TSM may reach $170 by 2022.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Taiwan Semiconductor: High Ground Versus Low Ground</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTaiwan Semiconductor: High Ground Versus Low Ground\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 23:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4415213-taiwan-semiconductor-stock-high-ground-versus-low-ground><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nTaiwan Semiconductor Manufacturing Co., or TSMC, is at a \"choke point\" in the semiconductor supply chain, where the company can benefit from the rigidity of industry capacity expansion to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4415213-taiwan-semiconductor-stock-high-ground-versus-low-ground\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://seekingalpha.com/article/4415213-taiwan-semiconductor-stock-high-ground-versus-low-ground","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1155582622","content_text":"Summary\n\nTaiwan Semiconductor Manufacturing Co., or TSMC, is at a \"choke point\" in the semiconductor supply chain, where the company can benefit from the rigidity of industry capacity expansion to meet demand surge.\nTSMC’s high-ground scenario includes possessing (1) the most advanced high-end technology, (2) the largest and still rising market share, and (3) 15% annual revenue growth from $28 billion capex.\nTSMC’s future low-ground scenario includes (1) declining utilization rates due to fading WFH demand, (2) USD depreciations cutting into EPS, and (3) $28 billion capex cutting into future dividend payments.\nIf considering both the high-ground and low-ground cases, TSM is reasonably valued at the current $110’s level with a moderate upside for 2021.\nThe real excitement is that TSM may reach $170 by 2022.\n\nPhoto by Sundry Photography/iStock Editorial via Getty Images\nIt is hardly an exaggeration to call Taiwan Semiconductor Manufacturing Company(NYSE:TSM)(“TSMC”) the most important company in the world. At the very least, Taiwanese call TSMC their “Protecting Taiwan God Mountain.” Considering it is practically the “choke point” of the $470 billion global semiconductor industry, TSMC is also “potentially the most single point of failure in the semiconductor value chain,”said Jan-Peter Kleinhans, Director of the technology and geopolitics project at Berlin-based think tank,Stiftung Neue Verantwortung.\nTSMC processes the most advanced foundry technology and the largest market share (54%) in a capacity-constrained industry. Obviously, both the company and the stock have benefited significantly from the limitation of capacity expansion to meet the surging demand. In 2020, TSMC’s revenue has grown 25%, while the stock went up over 90%. It appears that their stock has looked beyond the recent financial performance.\nFor that purpose, in this post, I described TSMC's future with a best-case and a worst-case scenario, respectively. TSMC's high-ground is that the structural growth drivers should remain intact if the company can retain the technological advances to create a wider chip platform to support the long-term growth of AI and HPC. Short-term demand should stay strong due to the global chip shortage and possible Intel outsourcing. However, TSMC should also expect the low-ground cases that are mainly from the decreasing utilization rate, weakening USD, higher capital expenditure diluting future dividend payments, the market-wide rising yield effect, and valuation correction. I also mapped out the path of TSMC future share price movements under each scenario. Given a higher likelihood for the high-ground case, TSMC may have a 20% upside in the next 12 months and a 70% upside in the next 24 months.\nTSMC’s High Ground\nThe best-case scenario assumes that TSMC will retain most of the following favorable factors which have contributed to TSMC’s 2020 gain:\nMost advanced high-end technology supports TSMC’s long-term structural growth.Compared amongst peers, TSMC is easily the leader in the arcane Extreme Ultra Violet (ELV) process, where it has half the world’s installed base and 60% of its production.By 2020, TSMC has delivered over 1 billion 7 nm chips, while Intel(NASDAQ:INTC)is still struggling to master its 7nm process. TSMC’s 5nm chips has lower defect rates than it did at this point in its 7nm development. It is already ramping up for 3 nm production by the end of 2022 and has begun working on the 2 nm process(see figure below). The lead in technology is the basis for the structural growth drivers which should remain intact in the next few years, with TSMC being the key enabler of this AI/HPC revolution.\n\nThe market share hits 54% and expects to rise.After reporting record revenue in 2020 based on demand for 5G smartphones, notebooks for teleworking and high-performance computers, TSMC reached a commanding 54% market share with the next competitor, Samsung Electronics(OTC:SSNLF)at a distant 18%. It is expected that TSMC’s market share dominance may continue as Apple(NASDAQ:AAPL)remains TSMC’s major customer and will give the Taiwanese firm more business for chips made with its most advanced technology.\nShort-term demand remains robust in the logic semi space.Thanks to WFH-induced global chip shortage,full utilization nearly across all process nodes (especially tight at 7nm, 40nm and 8\") with continued 28nm utilization improvement. The better-than-expected crypto miner ASIC demand helping to fill the gap of 5nm capacity slack due to iPhone order cuts and Apple seasonality.\nTSMC should see more corroboration of growth momentum in HPC, potential Intel CPU orders at 3nm, faster growth in AMD CPU, and Nvidia’s(NASDAQ:NVDA)AI accelerators. Intel outsourcing, if executed, is estimated to add 1% to TSMC’s revenue (Mizuho).\nThe $28 billion capex spending reflects management's confidence about advanced node chips' long-term demand strength and possible 15% compound annual revenue growth in the next 2-3 years.\nTSMC’s Low Ground\nThe low-ground case would include several negative factors on the horizon that the high-ground case does not consider:\nDecreasing utilization rate results from fading WFH demand.TSMC has operated at full capacity for a while; however, weaker-than-expected demand and macro conditions may lead to downside risk for utilization rate forecasts.It is estimated that every 1% decline in the utilization rate could result in 4%-5% downside to the 2021-2022 EPS estimates.\nMedium-term inventory correction is inevitable.Inventory correction from a fading WFH demand is expected in 2H21. Logic semi inventory restocking has lasted for 6-7 quarters by 1Q21. While near-term demand indicators remain solid in the logic semi space, it is likely that there will be some inventory correction after 2022, as suggested by the analyst forecasts (Figure 2). However, JP Morgan predicts that end demand drivers for TSMC are likely to become more structural rather than cyclical in the future, with revenues from HPC likely to crossover those from smartphones by 2023. Consequently, TSMC could fare better during logic semi down cycle and recover faster from the trough vs other tier-2 Foundries (JP Morgan).\n\nAverage selling price (ASP) may go down.TSMC has benefited from a 6% increase in ASP in 2021/22. However, the advantage has been reduced due to pricing competition from Samsung.Mizuho estimated that every 1% fall in ASP could result in 2%-3% downside for our EPS estimates for 2021-22.\nWeakening USD (Strengthening TWD) cuts into EPS.Approximately 99% of TSMC’s sales are denominated in US dollars, but only 15% of its Cost of Goods Sold is in US dollars. Thus, TWD appreciation impacts the company’s gross margin. Based on Mizuho’s estimate,every 1% TWD appreciation could lead to 1%-2% downside to EPS estimates for 2021-22.\n$28 billion Capex may dilute dividend payment. Taiwan Semiconductor's 1Q guidance of 23% year-over-year revenue growth indicates stronger sales of computing processors and automotive chips may offset the seasonality of smartphone chips. The $28 billion full-year capital budget may cut into the company's free cash flow and lead to greater volatility in the dividend.\nFrom Future Financials to Future Stock Prices\nAfter the high-ground and low-ground scenarios are developed, I will explain how to convert forecast financials into future stock prices: If a stock is priced based on its forecast financials at each point in time, I should first find those financial metrics which have traditionally affected the stock prices. A historical relationship between the historical stock prices and these financial metrics is first identified (multiple regression method). Then, the current forecast of these financial metrics at different future time point can be used to generate the future stock price targets. Historically, TSMC's stock prices are known to react to consensus forecasts of revenue, EPS, gross margin, capital expenditure, and free cash flow or dividend, e.g., the relationships in Figures 1A-1B.\n\nKeep in mind that although I used historical data to estimate a historical relationship, it is still a forward-looking process. This is because, at any point in time in history, TSMC's price is estimated by the forward estimates of the five financial metrics at that time. The only assumption I made is that investors used the same (forward-looking) valuation structure to price stocks consistently. Using the relationship and the analysts' next 10-quarter estimates of the five metrics, I was able to compute the future stock prices corresponding to those forward financials.\nHigh-Ground vs. Low-Ground Share Prices\nFor high-ground scenario, I used the normal relationship which assumes TSMC stock price is determined by forecast quarterly revenue, EPS, capital expenditure, and dividend estimates. For low-ground scenario, I included additional negative factors of expected 10-year Treasury yield up moves (from futures contracts), the future USD depreciation (from futures contracts), the forecast higher inventory, and forecast distant revenue growth rates (for lower utilization rates).\n\nIn Figure 2, I showed the high-ground prices in red, the low-ground prices in green and the actual TSMC price in black. Of course, after Q1 2021, only predicted prices are available. If you can go along with my approach, Figure 3 becomes quite telling. First of all, up till today, both predicted prices seem to map the actual stock price quite closely, the tight relationship implicitly validate the power of the models. It is also expected both scenarios behaved very similarly because all the additional (negative) factors included in the low-ground case are more relevant in the next few quarters. This is why the high-ground price explains the realty better until today, as both actual and high-ground prices are around $118 at Q1 2021, while low-ground price is at $81.\n\nIt is more important to see how the future share price plays out under each scenario. Table 1 indicates that the high-ground prices consistently trade at a $40 premium over the low-ground price and eventually to over $80 premium by Q4 2022. Of course, you can assign your own estimates on the chance that each scenario will happen. Due to the short-term nature of all the negative factors, my own guess is biased to the high-ground, fundamental picture of TSMC. Using a 30% low-ground/70% high-ground guess, the resulting TSMC future share price may be relatively flat in 2021 but will take off to $170 by the end of 2022 (Table 1).\nTakeaways\nBeing the largest player in a critically important space, TSMC is at the choke point that gives the company an advantage to benefit from the rigidity of capacity expansion to meet demand surge (high ground). It appears that TSMC share price has already priced in this advantage. But like all other tech stocks, TSM has not priced in the rising yields, fading WFH demand, high valuation, and future competitors’ challenges (low ground).\nIf considering both the high ground and low ground cases, TSM is reasonably valued at the current $110’s level. But share price is expected to have moderate upside for 2021. The real excitement will be in 2022 when the negative low-ground factors are out of the system. TSM may reach $170 by 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364817040,"gmtCreate":1614833317180,"gmtModify":1704775798993,"author":{"id":"3571101186615770","authorId":"3571101186615770","name":"YeeHerng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101186615770","idStr":"3571101186615770"},"themes":[],"htmlText":"MU100","listText":"MU100","text":"MU100","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364817040","repostId":"1186654577","repostType":4,"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365283939,"gmtCreate":1614745457021,"gmtModify":1704774712325,"author":{"id":"3571101186615770","authorId":"3571101186615770","name":"YeeHerng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101186615770","idStr":"3571101186615770"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365283939","repostId":"1169386190","repostType":4,"isVote":1,"tweetType":1,"viewCount":123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381020831,"gmtCreate":1612914866423,"gmtModify":1704875918301,"author":{"id":"3571101186615770","authorId":"3571101186615770","name":"YeeHerng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571101186615770","idStr":"3571101186615770"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>hahaha","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>hahaha","text":"$Sundial Growers Inc.(SNDL)$hahaha","images":[{"img":"https://static.tigerbbs.com/ab6a276f858315b1d38338237c131a6e","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/381020831","isVote":1,"tweetType":1,"viewCount":764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":381020831,"gmtCreate":1612914866423,"gmtModify":1704875918301,"author":{"id":"3571101186615770","authorId":"3571101186615770","name":"YeeHerng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571101186615770","authorIdStr":"3571101186615770"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>hahaha","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>hahaha","text":"$Sundial Growers Inc.(SNDL)$hahaha","images":[{"img":"https://static.tigerbbs.com/ab6a276f858315b1d38338237c131a6e","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/381020831","isVote":1,"tweetType":1,"viewCount":764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9949526350,"gmtCreate":1678767545371,"gmtModify":1678767549282,"author":{"id":"3571101186615770","authorId":"3571101186615770","name":"YeeHerng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571101186615770","authorIdStr":"3571101186615770"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949526350","repostId":"2318942637","repostType":2,"isVote":1,"tweetType":1,"viewCount":13,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351319637,"gmtCreate":1616562258729,"gmtModify":1704795689738,"author":{"id":"3571101186615770","authorId":"3571101186615770","name":"YeeHerng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571101186615770","authorIdStr":"3571101186615770"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/351319637","repostId":"1155582622","repostType":2,"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364817040,"gmtCreate":1614833317180,"gmtModify":1704775798993,"author":{"id":"3571101186615770","authorId":"3571101186615770","name":"YeeHerng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571101186615770","authorIdStr":"3571101186615770"},"themes":[],"htmlText":"MU100","listText":"MU100","text":"MU100","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364817040","repostId":"1186654577","repostType":4,"repost":{"id":"1186654577","kind":"news","pubTimestamp":1614829597,"share":"https://ttm.financial/m/news/1186654577?lang=&edition=fundamental","pubTime":"2021-03-04 11:46","market":"us","language":"en","title":"2 Hot 5G Stocks to Buy Before They Explode","url":"https://stock-news.laohu8.com/highlight/detail?id=1186654577","media":"Nasdaq","summary":"The smartphone market turned around in the fourth quarter of 2020 and ended a difficult year on a hi","content":"<p>The smartphone market turned around in the fourth quarter of 2020 and ended a difficult year on a high. IDC estimates that smartphone shipments jumped 4.3% year-over-year last quarter to 385.9 million units, paving the way for a strong recovery in 2021 after a 5.9% decline in shipments last year.</p><p><b>Skyworks Solutions</b>(NASDAQ: <a href=\"https://laohu8.com/S/SWKS\">$(SWKS)$</a>)and<b>Micron Technology</b>(NASDAQ: <a href=\"https://laohu8.com/S/MU\">$(MU)$</a>)are two stocks that are already taking advantage of this turnaround, as they manufacture chips that go into 5G (fifth-generation) smartphones. Skyworks is witnessingtremendous growthin its mobile business, while Micron is about to join the party as well. These factors have contributed to a strong start on the market this year.<img src=\"https://static.tigerbbs.com/48b767d4f2f28bb7d1309b7de0e38239\" tg-width=\"714\" tg-height=\"488\" referrerpolicy=\"no-referrer\">These chipmakers are unlikely to lose their impressive stock market momentum in the coming months, as 5G smartphone sales are expected to switch into a higher gear in 2021.<b>Gartner</b>forecasts that global 5G smartphone shipments could jump to nearly 539 million units this year and account for 35% of the overall market. This would be a huge jump over last year's 5G smartphone shipments of 213 million units, and pave the way for stronger growth in Skyworks and Micron's mobile businesses in 2021.</p><p><b>1. Skyworks Solutions' mobile business is on a roll</b></p><p>Skyworks' mobile business is its biggest source of revenue, accounting for 78% of its top line last quarter. Skyworks' mobile revenue shot up 81% year-over-year in the first quarter of fiscal 2021, which ended on Jan. 1, 2021, to $1.18 billion.<b>Apple</b>(NASDAQ: AAPL)-- Skyworks' largest customer, generating 56% of total revenue --hit goldwith its latest flagship devices, and that sent the chipmaker's mobile business soaring.</p><p>The Apple catalyst is here to stay for Skyworks for the remainder of the year, for a couple of reasons. First, Apple is expected to remain atop 5G smartphone supplierin 2021 thanks to a large base of users in an upgrade window. Apple's well-priced iPhone 12 lineup and the possibility ofan entry-level devicesupporting the latest wireless standard could help the smartphone giant record strong shipment gains in 2021.</p><p>Second, Skyworks is a key Apple supplier. It reportedly supplies as many as eight radio-frequency (RF) modules for the iPhone 12, so Skyworks could see a nice spike in volumes and gain more revenue per iPhone, especially as 5G chips are more expensive than their 4G predecessors.</p><p>Throw in the fact that Skyworks has started ramping up shipments of its 5G chips to other smartphone OEMs (original equipment manufacturers) such as Vivo, Oppo,<b>Samsung</b>, and<b>Xiaomi</b>, and it becomes easier to see why its mobile business could continue clocking high growth rates. And Skyworks' non-mobile business (better known as the broad markets portfolio) is also benefiting from the 5G rollout.</p><p>The company's broad markets revenue shot up 35% year-over-year during the quarter as demand for its connectivity solutions supporting 5G infrastructure remained strong. Skyworks recently pointed out that it has shipped more than a million of its 5G small-cell power amplifiers, which help telecom carriers boost network speed.</p><p>The company also says that the 5G small-cell market still has a lot of room to grow. It could be worth $8.3 billion by 2027, clocking a compound annual growth rate of 43% in the coming years.</p><p>Thanks to such impressive catalysts, it isn't surprising to see that Skyworks' top and bottom lines are expected to take off this fiscal year. And it isn't too late for investors to jump onto this bandwagon, as thistop 5G stocktrades at an attractive 21 times forward earnings.</p><p><b>2. Micron Technology's mobile business is about to step on the gas</b></p><p>Micron Technology's mobile business unit delivered $1.5 billion in revenue in the first quarter of fiscal 2021, which ended on Dec. 3, 2020. The segment's revenue increased 3% year-over-year, accounting for nearly 26% of total revenue. Though Micron's mobile growth wasn't as spectacular as Skyworks', management pointed out that mobile \"demand remains strong as 5G momentum increases and the mobile market recovers from the impact of the pandemic.\"</p><p>Mobile accounts for 40% of the overall DRAM market, according to a third-party estimate, and manufacturers such as Micron are reportedly allocating more capacity toward the production of mobile DRAM to meet the recent surge in demand. In fact, demand seems to be so strong that mobile DRAM orders placed in the fourth quarter of 2020 are expected to be fulfilled only in the current quarter.</p><p>This tight supply of DRAM should ideally result in improved pricing. Industry data supports that: The spot price of the 8 GB DDR4 DRAM jumped to $3.93 earlier in February, a sharp jump over the spot price of $2.54 seen in August 2020.</p><p>More importantly, mobile DRAM demand should remain strong, as 5G smartphones are beingequipped with more memorythan their 4G predecessors. This bodes well for Micron, as it reportedly controls 20% of the mobile DRAM market. What's more, the company is trying to grab even more of this space withspecialized 5G memory chipsthat help reduce space and power consumption while delivering faster performance.</p><p>So a mix of higher pricing and improved shipment volumes will be a tailwind for Micron's mobile business this year. More importantly, the mobile DRAM market presents a long-term growth opportunity for Micron given its solid market share in this space. The global mobile DRAM market's revenue is expected to jump from an estimated $19.5 billion last year to $35.6 billion in 2027, according to a third-party estimate.</p><p>Thrownother catalystssuch as data centers, consoles, and personal computers into the mix, and it isn't too difficult to see why Micron's earnings are expected to grow at a fast clip over the next couple of years.<img src=\"https://static.tigerbbs.com/f4432a84bca38fc32d66f505cac1dbae\" tg-width=\"758\" tg-height=\"493\" referrerpolicy=\"no-referrer\">MU EPS Estimates for Next Fiscal Yeardata byYCharts</p><p>That's why investors looking to buy a diversified company to take advantage of the growing adoption of 5G smartphones might want to consider Micron Technology, as it has multiple businesses driving its growth. What's more, Micron is trading at less than 22 times forward earnings, so it isn't too late to buy thisgrowth stock-- it has room for more upside thanks to catalysts such as 5G smartphones.</p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Hot 5G Stocks to Buy Before They Explode</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Hot 5G Stocks to Buy Before They Explode\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-04 11:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nasdaq.com/articles/2-hot-5g-stocks-to-buy-before-they-explode-2021-03-03><strong>Nasdaq</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The smartphone market turned around in the fourth quarter of 2020 and ended a difficult year on a high. IDC estimates that smartphone shipments jumped 4.3% year-over-year last quarter to 385.9 million...</p>\n\n<a href=\"https://www.nasdaq.com/articles/2-hot-5g-stocks-to-buy-before-they-explode-2021-03-03\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b404fb9c9ce943d48d73d9e4b47bb53c","relate_stocks":{"MU":"美光科技","SWKS":"思佳讯"},"source_url":"https://www.nasdaq.com/articles/2-hot-5g-stocks-to-buy-before-they-explode-2021-03-03","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186654577","content_text":"The smartphone market turned around in the fourth quarter of 2020 and ended a difficult year on a high. IDC estimates that smartphone shipments jumped 4.3% year-over-year last quarter to 385.9 million units, paving the way for a strong recovery in 2021 after a 5.9% decline in shipments last year.Skyworks Solutions(NASDAQ: $(SWKS)$)andMicron Technology(NASDAQ: $(MU)$)are two stocks that are already taking advantage of this turnaround, as they manufacture chips that go into 5G (fifth-generation) smartphones. Skyworks is witnessingtremendous growthin its mobile business, while Micron is about to join the party as well. These factors have contributed to a strong start on the market this year.These chipmakers are unlikely to lose their impressive stock market momentum in the coming months, as 5G smartphone sales are expected to switch into a higher gear in 2021.Gartnerforecasts that global 5G smartphone shipments could jump to nearly 539 million units this year and account for 35% of the overall market. This would be a huge jump over last year's 5G smartphone shipments of 213 million units, and pave the way for stronger growth in Skyworks and Micron's mobile businesses in 2021.1. Skyworks Solutions' mobile business is on a rollSkyworks' mobile business is its biggest source of revenue, accounting for 78% of its top line last quarter. Skyworks' mobile revenue shot up 81% year-over-year in the first quarter of fiscal 2021, which ended on Jan. 1, 2021, to $1.18 billion.Apple(NASDAQ: AAPL)-- Skyworks' largest customer, generating 56% of total revenue --hit goldwith its latest flagship devices, and that sent the chipmaker's mobile business soaring.The Apple catalyst is here to stay for Skyworks for the remainder of the year, for a couple of reasons. First, Apple is expected to remain atop 5G smartphone supplierin 2021 thanks to a large base of users in an upgrade window. Apple's well-priced iPhone 12 lineup and the possibility ofan entry-level devicesupporting the latest wireless standard could help the smartphone giant record strong shipment gains in 2021.Second, Skyworks is a key Apple supplier. It reportedly supplies as many as eight radio-frequency (RF) modules for the iPhone 12, so Skyworks could see a nice spike in volumes and gain more revenue per iPhone, especially as 5G chips are more expensive than their 4G predecessors.Throw in the fact that Skyworks has started ramping up shipments of its 5G chips to other smartphone OEMs (original equipment manufacturers) such as Vivo, Oppo,Samsung, andXiaomi, and it becomes easier to see why its mobile business could continue clocking high growth rates. And Skyworks' non-mobile business (better known as the broad markets portfolio) is also benefiting from the 5G rollout.The company's broad markets revenue shot up 35% year-over-year during the quarter as demand for its connectivity solutions supporting 5G infrastructure remained strong. Skyworks recently pointed out that it has shipped more than a million of its 5G small-cell power amplifiers, which help telecom carriers boost network speed.The company also says that the 5G small-cell market still has a lot of room to grow. It could be worth $8.3 billion by 2027, clocking a compound annual growth rate of 43% in the coming years.Thanks to such impressive catalysts, it isn't surprising to see that Skyworks' top and bottom lines are expected to take off this fiscal year. And it isn't too late for investors to jump onto this bandwagon, as thistop 5G stocktrades at an attractive 21 times forward earnings.2. Micron Technology's mobile business is about to step on the gasMicron Technology's mobile business unit delivered $1.5 billion in revenue in the first quarter of fiscal 2021, which ended on Dec. 3, 2020. The segment's revenue increased 3% year-over-year, accounting for nearly 26% of total revenue. Though Micron's mobile growth wasn't as spectacular as Skyworks', management pointed out that mobile \"demand remains strong as 5G momentum increases and the mobile market recovers from the impact of the pandemic.\"Mobile accounts for 40% of the overall DRAM market, according to a third-party estimate, and manufacturers such as Micron are reportedly allocating more capacity toward the production of mobile DRAM to meet the recent surge in demand. In fact, demand seems to be so strong that mobile DRAM orders placed in the fourth quarter of 2020 are expected to be fulfilled only in the current quarter.This tight supply of DRAM should ideally result in improved pricing. Industry data supports that: The spot price of the 8 GB DDR4 DRAM jumped to $3.93 earlier in February, a sharp jump over the spot price of $2.54 seen in August 2020.More importantly, mobile DRAM demand should remain strong, as 5G smartphones are beingequipped with more memorythan their 4G predecessors. This bodes well for Micron, as it reportedly controls 20% of the mobile DRAM market. What's more, the company is trying to grab even more of this space withspecialized 5G memory chipsthat help reduce space and power consumption while delivering faster performance.So a mix of higher pricing and improved shipment volumes will be a tailwind for Micron's mobile business this year. More importantly, the mobile DRAM market presents a long-term growth opportunity for Micron given its solid market share in this space. The global mobile DRAM market's revenue is expected to jump from an estimated $19.5 billion last year to $35.6 billion in 2027, according to a third-party estimate.Thrownother catalystssuch as data centers, consoles, and personal computers into the mix, and it isn't too difficult to see why Micron's earnings are expected to grow at a fast clip over the next couple of years.MU EPS Estimates for Next Fiscal Yeardata byYChartsThat's why investors looking to buy a diversified company to take advantage of the growing adoption of 5G smartphones might want to consider Micron Technology, as it has multiple businesses driving its growth. What's more, Micron is trading at less than 22 times forward earnings, so it isn't too late to buy thisgrowth stock-- it has room for more upside thanks to catalysts such as 5G smartphones.","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365283939,"gmtCreate":1614745457021,"gmtModify":1704774712325,"author":{"id":"3571101186615770","authorId":"3571101186615770","name":"YeeHerng","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571101186615770","authorIdStr":"3571101186615770"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/365283939","repostId":"1169386190","repostType":4,"repost":{"id":"1169386190","kind":"news","pubTimestamp":1614743782,"share":"https://ttm.financial/m/news/1169386190?lang=&edition=fundamental","pubTime":"2021-03-03 11:56","market":"us","language":"en","title":"Making A List Of The Top Cryptocurrency Stocks To Watch? 4 Names To Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1169386190","media":"Nasdaq","summary":"Are These The Best Cryptocurrency Stocks For Your Watchlist?Sponsored LinksBuying a Mattress in Hong","content":"<p>Are These The Best Cryptocurrency Stocks For Your Watchlist?Sponsored LinksBuying a Mattress in Hong Kong? Check Out Our Shopping GuideSkyler Mattress</p>\n<p><b>Cryptocurrencies</b>have and continue to be a hot topic of discussion even as we enter March. Accordingly, investors looking to profit off this trend have flocked towards thetop cryptocurrency stocks. This would be thanks to the meteoric rise of Bitcoin. As a result, companies such as Marathon Digital Holdings (NASDAQ: MARA) that mine bitcoins are in the limelight now. Other cryptocurrencies making waves now would be Ethereum which has more than doubled in value year-to-date and Dogecoin. Particularly, the latter is up by over 1,000% year-to-date thanks to endorsements from Tesla (NASDAQ: TSLA) CEO Elon Musk. These figures seem impressive, yes, but the real question is how viable are cryptocurrencies in this age?</p>\n<p>According to Citibank (NYSE: C), Bitcoin may “become the currency of choice for international trade” one day. Evidently, we can see more mainstream companies beginning to adopt the cryptocurrency as a legitimate form of payment. For example, Tesla revealed plans to do so last month as it acquired $1.5 billion worth of bitcoins. Another major company that has already made this shift is Microsoft (NASDAQ: MSFT). At the same time, fintech players like PayPal (NASDAQ: PYPL) now facilitate Bitcoin-related transactions as well. Regardless, investors may not be too keen on investing directly into the currency, given its volatility. Instead, they would turn towards companies with financial interests in Bitcoin. Well, if you are among them, here are four to consider.</p>\n<p>Top Cryptocurrency Stocks To Watch This Week</p>\n<ul>\n <li><b>Future FinTech Group Inc.</b>(NASDAQ: FTFT)</li>\n <li><b>Riot Blockchain Inc.</b>(NASDAQ: RIOT)</li>\n <li><b>SOS Limited</b>(NYSE: SOS)</li>\n <li><b>MicroStrategy Inc.</b>(NASDAQ: MSTR)</li>\n</ul>\n<p><b>Future FinTech Group Inc.</b></p>\n<p>For starters, Future FinTech is a cryptocurrency company that is in focus now. In brief, it is a leading blockchain-based e-commerce business and fintech service, provider. The company’s main operations include a blockchain-based online shopping mall platform, a cross-border e-commerce platform, and a blockchain project incubator. Through all of this, Future FinTech develops blockchain tech and services.</p>\n<p>If anything, the company could be in a good position to benefit from the growing adoption of cryptocurrencies. As such, FTFT stock has more than tripled in value year-to-date. Aside from overall upward movement in the industry, the company also made a major announcement over the weekend.</p>\n<p>Notably, Future FinTech revealed that it signed an agreement with Sichuan Longma Electronic Technology (Longma). In detail, the company acquired a 60% equity interest in Longma’s subsidiary Sichuan Ticode Supply Chain Management (Ticode). Why does this matter? Well, Ticode offers financial services that focus on the supply chain industry. Primarily, this is in terms of electronic components, tech services, and supply chain data management. According to CEO Shanchun Huang, this would improve the value chain of Future FinTech’s fintech services. Given all of this, will you be watching FTFT stock?</p>\n<p><b>Riot Blockchain Inc.</b></p>\n<p>Following that, we will be looking at Colorado-based Bitcoin miner, Riot. For some context, the company focuses on building, supporting, and operating blockchain technology ecosystems. It is also one of the few NASDAQ-listed bitcoin mining companies in the U.S. at the moment. With the recent rise of Bitcoin, RIOT stock has also been on a tear. The company’s shares are currently sitting on gains of over 1,400% in the past six months. Nevertheless, Riot does not seem to be slowing down anytime soon.</p>\n<p>Just last month, the company made several key announcements. First off, Riot appointed Jason Les as its new CEO on February 8. Les brings over 7 years of experience as a Bitcoin miner and blockchain technology engineer. Admittedly, this move makes sense as Riot has been expanding its Bitcoin mining capabilities over the past year. Also, the company received over 2,000 next-generation cryptocurrency miners (Antminers) from bitcoin-mining tech company, Bitmain on February 11. This further enhanced the company’s mining capabilities with a mining fleet of over 11,500 Antminers.</p>\n<p>Moreover, the company mentioned that it has placed orders for another 26,100 Antminers. These will be fulfilled via scheduled monthly shipments through October 2021. According to Les, this means that Riot remains on schedule to triple its current mining capacity by Q4 2021. Given the company’s current momentum, will you be adding RIOT stock to your watchlist?</p>\n<p><b>SOS Limited</b></p>\n<p>SOS is an emerging blockchain-based and big data-driven marketing and solution provider. Together with other cryptocurrency stocks, SOS stock jumped by over 40% during intraday trading yesterday. For one thing, SOS is one of the newer players on the cryptocurrency scene. At the moment, the company is working to roll out its mining infrastructure. On top of that, it has plans to develop insurance and security management solutions for digital assets and cryptocurrencies. As with most assets, cryptocurrency owners would require a means of keeping things secure. Given SOS’s current trajectory it could help to fill this demand in the future. Not to mention, the company also serves several booming end markets via its marketing data arm. These include but are not limited to the cloud computing, Internet of Things, and artificial intelligence industries.</p>\n<p>In terms of cryptocurrency-related business, SOS provided a key update on its cloud crypto mining center last week. On Thursday, the company revealed that it entered into a definitive agreement with Leibodong Hydropower Station (Leibodong). With this agreement, Leibodong will provide SOS with electricity and house its crypto mining rigs for a term of three years. Having secured a location, SOS is now another step closer to setting up its cloud mining operations.</p>\n<p>Furthermore, the company also announced that it received 5,000 additional crypto mining rigs as well. Time will tell if SOS can make the most of its current mining infrastructure once it is set up. For now, would you consider watching SOS stock?</p>\n<p><b>MicroStrategy Inc.</b></p>\n<p>Another cryptocurrency player in the spotlight now would be MicroStrategy. In summary, the company offers business intelligence and cloud-based services. But, MSTR stock is on a tear now thanks to its growing Bitcoin reserves. Thanks to CEO Michael Saylor’s adamant belief in the cryptocurrency, MicroStrategy has become a go-to for many crypto investors. Subsequently, this would explain MSTR stock’s year-to-date gains of over 80%. In particular, after gaining by 4% yesterday, MicroStrategy made yet another purchase of bitcoins.</p>\n<p>Diving right into it, the company revealed that it had bought 328 bitcoins for $15 million in cash. All in all, this puts MicroStrategy’s Bitcoin count up to about 90,859, raising its total Bitcoin holdings above the $4 billion mark. Coupled with its earlier $1 billion investment into the cryptocurrency, I can see why crypto investors would be keen to invest in MSTR stock.</p>\n<p>According to Saylor, the company’s current reserve was purchased at a price of around $2.186 billion. Given Bitcoin’s current valuation, this would put the company at a profit around the $2 billion mark. This paired with its apparent move towards building a blockchain analytics team could bode well for MSTR stock moving forward. Would you agree?</p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Making A List Of The Top Cryptocurrency Stocks To Watch? 4 Names To Know</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMaking A List Of The Top Cryptocurrency Stocks To Watch? 4 Names To Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-03 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nasdaq.com/articles/making-a-list-of-the-top-cryptocurrency-stocks-to-watch-4-names-to-know-2021-03-02><strong>Nasdaq</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Are These The Best Cryptocurrency Stocks For Your Watchlist?Sponsored LinksBuying a Mattress in Hong Kong? Check Out Our Shopping GuideSkyler Mattress\nCryptocurrencieshave and continue to be a hot ...</p>\n\n<a href=\"https://www.nasdaq.com/articles/making-a-list-of-the-top-cryptocurrency-stocks-to-watch-4-names-to-know-2021-03-02\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.nasdaq.com/articles/making-a-list-of-the-top-cryptocurrency-stocks-to-watch-4-names-to-know-2021-03-02","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169386190","content_text":"Are These The Best Cryptocurrency Stocks For Your Watchlist?Sponsored LinksBuying a Mattress in Hong Kong? Check Out Our Shopping GuideSkyler Mattress\nCryptocurrencieshave and continue to be a hot topic of discussion even as we enter March. Accordingly, investors looking to profit off this trend have flocked towards thetop cryptocurrency stocks. This would be thanks to the meteoric rise of Bitcoin. As a result, companies such as Marathon Digital Holdings (NASDAQ: MARA) that mine bitcoins are in the limelight now. Other cryptocurrencies making waves now would be Ethereum which has more than doubled in value year-to-date and Dogecoin. Particularly, the latter is up by over 1,000% year-to-date thanks to endorsements from Tesla (NASDAQ: TSLA) CEO Elon Musk. These figures seem impressive, yes, but the real question is how viable are cryptocurrencies in this age?\nAccording to Citibank (NYSE: C), Bitcoin may “become the currency of choice for international trade” one day. Evidently, we can see more mainstream companies beginning to adopt the cryptocurrency as a legitimate form of payment. For example, Tesla revealed plans to do so last month as it acquired $1.5 billion worth of bitcoins. Another major company that has already made this shift is Microsoft (NASDAQ: MSFT). At the same time, fintech players like PayPal (NASDAQ: PYPL) now facilitate Bitcoin-related transactions as well. Regardless, investors may not be too keen on investing directly into the currency, given its volatility. Instead, they would turn towards companies with financial interests in Bitcoin. Well, if you are among them, here are four to consider.\nTop Cryptocurrency Stocks To Watch This Week\n\nFuture FinTech Group Inc.(NASDAQ: FTFT)\nRiot Blockchain Inc.(NASDAQ: RIOT)\nSOS Limited(NYSE: SOS)\nMicroStrategy Inc.(NASDAQ: MSTR)\n\nFuture FinTech Group Inc.\nFor starters, Future FinTech is a cryptocurrency company that is in focus now. In brief, it is a leading blockchain-based e-commerce business and fintech service, provider. The company’s main operations include a blockchain-based online shopping mall platform, a cross-border e-commerce platform, and a blockchain project incubator. Through all of this, Future FinTech develops blockchain tech and services.\nIf anything, the company could be in a good position to benefit from the growing adoption of cryptocurrencies. As such, FTFT stock has more than tripled in value year-to-date. Aside from overall upward movement in the industry, the company also made a major announcement over the weekend.\nNotably, Future FinTech revealed that it signed an agreement with Sichuan Longma Electronic Technology (Longma). In detail, the company acquired a 60% equity interest in Longma’s subsidiary Sichuan Ticode Supply Chain Management (Ticode). Why does this matter? Well, Ticode offers financial services that focus on the supply chain industry. Primarily, this is in terms of electronic components, tech services, and supply chain data management. According to CEO Shanchun Huang, this would improve the value chain of Future FinTech’s fintech services. Given all of this, will you be watching FTFT stock?\nRiot Blockchain Inc.\nFollowing that, we will be looking at Colorado-based Bitcoin miner, Riot. For some context, the company focuses on building, supporting, and operating blockchain technology ecosystems. It is also one of the few NASDAQ-listed bitcoin mining companies in the U.S. at the moment. With the recent rise of Bitcoin, RIOT stock has also been on a tear. The company’s shares are currently sitting on gains of over 1,400% in the past six months. Nevertheless, Riot does not seem to be slowing down anytime soon.\nJust last month, the company made several key announcements. First off, Riot appointed Jason Les as its new CEO on February 8. Les brings over 7 years of experience as a Bitcoin miner and blockchain technology engineer. Admittedly, this move makes sense as Riot has been expanding its Bitcoin mining capabilities over the past year. Also, the company received over 2,000 next-generation cryptocurrency miners (Antminers) from bitcoin-mining tech company, Bitmain on February 11. This further enhanced the company’s mining capabilities with a mining fleet of over 11,500 Antminers.\nMoreover, the company mentioned that it has placed orders for another 26,100 Antminers. These will be fulfilled via scheduled monthly shipments through October 2021. According to Les, this means that Riot remains on schedule to triple its current mining capacity by Q4 2021. Given the company’s current momentum, will you be adding RIOT stock to your watchlist?\nSOS Limited\nSOS is an emerging blockchain-based and big data-driven marketing and solution provider. Together with other cryptocurrency stocks, SOS stock jumped by over 40% during intraday trading yesterday. For one thing, SOS is one of the newer players on the cryptocurrency scene. At the moment, the company is working to roll out its mining infrastructure. On top of that, it has plans to develop insurance and security management solutions for digital assets and cryptocurrencies. As with most assets, cryptocurrency owners would require a means of keeping things secure. Given SOS’s current trajectory it could help to fill this demand in the future. Not to mention, the company also serves several booming end markets via its marketing data arm. These include but are not limited to the cloud computing, Internet of Things, and artificial intelligence industries.\nIn terms of cryptocurrency-related business, SOS provided a key update on its cloud crypto mining center last week. On Thursday, the company revealed that it entered into a definitive agreement with Leibodong Hydropower Station (Leibodong). With this agreement, Leibodong will provide SOS with electricity and house its crypto mining rigs for a term of three years. Having secured a location, SOS is now another step closer to setting up its cloud mining operations.\nFurthermore, the company also announced that it received 5,000 additional crypto mining rigs as well. Time will tell if SOS can make the most of its current mining infrastructure once it is set up. For now, would you consider watching SOS stock?\nMicroStrategy Inc.\nAnother cryptocurrency player in the spotlight now would be MicroStrategy. In summary, the company offers business intelligence and cloud-based services. But, MSTR stock is on a tear now thanks to its growing Bitcoin reserves. Thanks to CEO Michael Saylor’s adamant belief in the cryptocurrency, MicroStrategy has become a go-to for many crypto investors. Subsequently, this would explain MSTR stock’s year-to-date gains of over 80%. In particular, after gaining by 4% yesterday, MicroStrategy made yet another purchase of bitcoins.\nDiving right into it, the company revealed that it had bought 328 bitcoins for $15 million in cash. All in all, this puts MicroStrategy’s Bitcoin count up to about 90,859, raising its total Bitcoin holdings above the $4 billion mark. Coupled with its earlier $1 billion investment into the cryptocurrency, I can see why crypto investors would be keen to invest in MSTR stock.\nAccording to Saylor, the company’s current reserve was purchased at a price of around $2.186 billion. Given Bitcoin’s current valuation, this would put the company at a profit around the $2 billion mark. This paired with its apparent move towards building a blockchain analytics team could bode well for MSTR stock moving forward. Would you agree?","news_type":1},"isVote":1,"tweetType":1,"viewCount":123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}