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Jameskx

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2022-03-29

Profit from stock but do we have the health tospend it.. with all these vaccine jabbing and heart attack going on

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2022-01-24

$Pfizer(PFE)$Go down Pfizer.. garbage killer vaccine.. karma will strike soon

2022-01-24

Full of crap vaccine

Fourth COVID-19 Vaccine Dose Increases Resistance against Infection in People over 60: Israeli Study

2021-12-23

$Tesla Motors(TSLA)$So much potential for tesla 2022

2022-08-16

$Magic Empire Global Ltd(MEGL)$Probably high chance crashing but well nothing in life is for sure..

09-28

Share your opinion about this news…

Apple: Why AI Upside Is Overblown

2022-06-30

Kk no one bother 😂 this is not crypto platform

Bitcoin Falls Below $20,000 and Is Headed for Biggest Quarterly Drop Since 2011

08-20

$Advanced Micro Devices(AMD)$ 2nd chip maker in the world

06-05

$MicroAlgo, Inc.(MLGO)$ Not much volume at all..

2022-10-12

Have been saying that since many years ago.. still not happening.. prediction haha

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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":1,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.10","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":1,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":1,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":354255798972496,"gmtCreate":1727496322363,"gmtModify":1727496326406,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354255798972496","repostId":"1117467026","repostType":2,"repost":{"id":"1117467026","kind":"news","pubTimestamp":1727495380,"share":"https://ttm.financial/m/news/1117467026?lang=&edition=fundamental","pubTime":"2024-09-28 11:49","market":"us","language":"en","title":"Apple: Why AI Upside Is Overblown","url":"https://stock-news.laohu8.com/highlight/detail?id=1117467026","media":"Seeking Alpha","summary":"SummaryWe believe that Apple’s AI upside is overblown.Our valuation model shows that Apple’s shares are greatly overvalued after the latest rally.Apple’s stock is a SELL for us.Apple ipad with Bloombe","content":"<html><head></head><body><h2 id=\"id_3933999787\">Summary</h2><ul style=\"\"><li><p>We believe that Apple’s AI upside is overblown.</p></li><li><p>Our valuation model shows that Apple’s shares are greatly overvalued after the latest rally.</p></li><li><p>Apple’s stock is a SELL for us.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f4f90887a088a4b94c547f0b7ea322ec\" alt=\"Apple ipad with Bloomberg market trading apps\" title=\"Apple ipad with Bloomberg market trading apps\" tg-width=\"750\" tg-height=\"499\"/><span>Apple ipad with Bloomberg market trading apps</span></p><p></p><p>The meteoric rise of Apple’s (NASDAQ:AAPL) stock to its all-time high levels this summer was possible primarily thanks to the announcement that the company is entering the generative AI business with the upcoming launch of Apple Intelligence, which reignited investors’ confidence. This is certainly a positive development for Apple, which did not have any major AI-related products before in comparison to its Big Tech peers like Microsoft (MSFT) and Google (GOOG)(GOOGL), which have been actively involved in the development of their own generative AI tools and platforms for over a year already.</p><p>The problem for Apple and its investors is that due to the certain regulatory rules Apple Intelligence is not expected to be launched in the European Union and China, which are major markets for the company. This could mean that the AI upside is overblown since there are not enough reasons to believe that Apple’s AI-related products will be able to offset the underperformance of some of the company’s other businesses and justify the current market price. This is why we believe that the momentum from the recent rally is likely to be short-lived since the downside to Apple’s shares right now is significant in our opinion.</p><h2 id=\"id_595355831\">AI Won’t Save The Day</h2><p>For a while, Apple struggled to revive growth and create shareholder value. In five of the last seven quarters, Apple reported a Y/Y decline in revenues, which indicated a lack of growth for the business and prevented its shares from appreciating above the technical resistance level of $200 per share.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8033df28e55343161d003bda2e31c342\" alt=\"Apple’s Latest Earnings\" title=\"Apple’s Latest Earnings\" tg-width=\"640\" tg-height=\"182\"/><span>Apple’s Latest Earnings</span></p><p>The situation with the underperforming share price has been partially resolved in early June. Back then Apple announced that it planned to enter the generative AI industry by launching Apple Intelligence, which is an AI assistant that can do various tasks across the user’s device similar to Microsoft’s Copilot AI assistant. Thanks to this announcement, the shares have finally broken the $200 resistance level and currently trade above that level.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/84d57ca1d8e6c2c50bb9cf727b008b4d\" alt=\"Apple’s stock performance\" title=\"Apple’s stock performance\" tg-width=\"640\" tg-height=\"257\"/><span>Apple’s stock performance</span></p><p>Despite the appreciation of shares, the issues with the growth of the underlying business remain. In August, Apple released its earnings report for Q3 which covers the period from April to June. That report showed that while the overall revenues increased by 4.9% Y/Y to $85.8 billion, Apple’s biggest iPhone business experienced a decline in sales due to the rising challenges in China that will be discussed later in this article.</p><p>While Mac and iPad revenues were up Y/Y in Q3, the growth came primarily from the releases of new laptops and tablets that came out in March and May, respectively, and gave an overall boost to sales. It’s possible that in Q4 and beyond the Mac and iPad sales might slow down or even decline Y/Y like it happened with Apple’s Wearables segment, which underperformed in Q3 even though the company’s Vision Pro headset came out in February, as the demand subsided a few months after the launch. At this point, the services business is likely the only business that has the opportunity to perform well in the future. However, it still doesn’t justify a major appreciation of Apple’s shares in recent months, especially since nobody really knows how much additional revenue Apple Intelligence will bring over the coming quarters.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/94c9bea295e1ef0848fdbef9f70fa2f6\" alt=\"Apple’s Performance in Q3\" title=\"Apple’s Performance in Q3\" tg-width=\"640\" tg-height=\"386\"/><span>Apple’s Performance in Q3</span></p><p>Apple Intelligence itself is expected to launch only in October and only as a beta version, so the appreciation of the company’s shares by a significant percentage doesn’t make a lot of sense to us.</p><p>What is more important is that Apple Intelligence is not expected to be available either in the European Union or in China. In Q3, Apple was able to generate 25.5% and 17.2% of sales from the European Union and Greater China, respectively. Without launching Apple Intelligence in those two markets, there’s a risk that the upside from the company’s generative AI platform will be insignificant.</p><p>The reason behind the inability to launch Apple&#39;s intelligence in the European Union is due to tougher antitrust regulations. This makes it harder for the firm to launch its innovative products there, especially after the company was designated as a gatekeeper by the European Commission. At the same time, Apple recently lost an appeal in the European Court of Justice, where it fought against the tax ruling of the European Commission that was imposed against the company, and now must pay $14.4 billion in back taxes. Considering such a regulatory environment in Europe, there’s a possibility that we won’t see the launch of Apple Intelligence in Europe anytime soon.</p><p>When it comes to the Chinese market, Apple is still looking for a partner, which could help it bring Apple Intelligence to China. Beijing currently requires businesses to get approval from the state before launching their own AI assistants and chatbots. Considering the strained Sino-American relations, there’s a possibility that Apple Intelligence will also not be available in China in the foreseeable future.</p><p>However, even if Apple manages to find a partner to launch Apple Intelligence in China, there’s a risk that the upside from such a launch will be insignificant. In recent quarters, Apple has started to lose its dominant position in the Chinese market. While the smartphone market in China has grown 10% Y/Y in the recent quarter, the five biggest phone manufacturers were local brands such as Xiaomi, Huawei, and others. The overall decline in iPhone sales in Q3 was primarily caused by the weakness in China. At the same time, Apple’s latest iPhone 16 already sells at a discount in China, which might signal trouble for the company in the Chinese market.</p><p>One of the advantages of local brands over Apple is that their generative AI tools are already available to Chinese customers. Since the United States plans to further curb China’s access to AI software and recently proposed new restrictions, it’s hard to see how Apple will be able to quickly find a way to launch Apple Intelligence in one of the biggest consumer markets in the world.</p><p>As a result, the momentum that Apple’s shares gained after the announcement of Apple Intelligence could be short-lived, as the upside for the underlying business could be insignificant given that the AI assistant won’t be available in Europe and China anytime soon.</p><h2 id=\"id_3410835401\">Risk to Our Bearish Thesis</h2><p>There are a number of risks to our bearish thesis. To this day, the United States is still the single biggest market for Apple, which generated 43.9% of total sales in Q3. Even if Apple Intelligence won’t be available in Europe and China, the company will still be able to benefit from the upgrade cycle in the United States since its new AI tools will be available only to the newest iPhones and laptops from the M series.</p><p>The initial sales of iPhone 16 indicate that the current upgrade cycle will be significant and could even offset the loss of potential revenues in other regions where Apple intelligence is not available for now.</p><p>Apple’s service business is also going to continue to perform well and could also offset the potential losses of other businesses. In the latest conference call, Apple’s management said the company already has over 1 billion paid subscriptions across its devices, and the service revenues are expected to grow at double digits.</p><p>Finally, the US economy remains resilient and could receive an additional boost from the recent interest rate cuts that will make the cost of borrowing cheaper for businesses and consumers.</p><p>All of this could fully or partially undermine our bearish thesis.</p><h2 id=\"id_3054027963\">The Fair Value of Apple</h2><p>Our valuation model intends to figure out what is Apple’s intrinsic value considering all the risks and opportunities. The tax rate in our model is 16.5%, which is what the company’s management guided in the recent conference call. The discount rate in the model is 8.48%. To calculate it, we figured out Apple’s after-tax cost of debt and the cost of equity. To find out the cost of debt, we used Apple’s TTM data. For the cost of equity, we used a risk-free rate of 3.75%, which is the yield of the 10-year Treasury note at the time of this writing; a beta of 1.24; and the market return rate of 7.69%.</p><p>The perpetual growth rate is 3%, which aligns with the historical GDP rate. Apple’s market price at the time of creating the model was $226.47 per share. The long-term debt and cash data is used from the latest earnings report.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/91a58ceaa142295042b33e6ed4d75d43\" alt=\"Apple’s Valuation Model\" title=\"Apple’s Valuation Model\" tg-width=\"640\" tg-height=\"181\"/><span>Apple’s Valuation Model</span></p><p>The sales growth rate in our model is close to the street’s consensus. We will likely see a boost in sales in FY25 that starts in October of 2024 thanks to the growth of the service business, a boost from iPhone 16 sales, and the upside from Apple Intelligence in the United States. The momentum could last until FY26, after which the growth rate will likely start to normalize as growth catalysts could subside and major risks begin to outweigh growth opportunities.</p><p>The EBIT rate in the forecast is the same as in recent quarters. The tax rate is 16.5%, and the assumptions for other metrics are the same as in the previous year.</p><p>Our forecast helped us figure out Apple’s enterprise value, which is $2.47 trillion. After adding cash and subtracting long-term debt, we figured out Apple’s equity value, which is $2.44 trillion. This helped us figure out Apple’s fair value, which is $158.11 per share. As such, Apple’s shares after the latest rally are overvalued by 30%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/34807006ce223842703cf65f8b95f191\" alt=\"Apple’s Valuation Model\" title=\"Apple’s Valuation Model\" tg-width=\"640\" tg-height=\"228\"/><span>Apple’s Valuation Model</span></p><p>Overall, while Apple has growth catalysts and will be growing, the upside from Apple Intelligence is likely to be limited and the recent rally could be short-lived.</p><h2 id=\"id_343648466\">Final Thoughts</h2><p>We believe that while Apple has enough growth opportunities that it can monetize in the future, the upside from Apple Intelligence could be overblown due to the inability of the company to launch it in the European Union and China anytime soon. In addition, the loss of market share in China could also undermine the company’s ability to aggressively scale its business. Given this, we believe that Apple is overvalued at the current price and its stock is a SELL for us.</p></body></html>","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>Apple: Why AI Upside Is Overblown</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\">\nApple: Why AI Upside Is Overblown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-28 11:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4723711-apple-aapl-stock-why-ai-upside-is-overblown><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryWe believe that Apple’s AI upside is overblown.Our valuation model shows that Apple’s shares are greatly overvalued after the latest rally.Apple’s stock is a SELL for us.Apple ipad with ...</p>\n\n<a href=\"https://seekingalpha.com/article/4723711-apple-aapl-stock-why-ai-upside-is-overblown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4723711-apple-aapl-stock-why-ai-upside-is-overblown","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1117467026","content_text":"SummaryWe believe that Apple’s AI upside is overblown.Our valuation model shows that Apple’s shares are greatly overvalued after the latest rally.Apple’s stock is a SELL for us.Apple ipad with Bloomberg market trading appsThe meteoric rise of Apple’s (NASDAQ:AAPL) stock to its all-time high levels this summer was possible primarily thanks to the announcement that the company is entering the generative AI business with the upcoming launch of Apple Intelligence, which reignited investors’ confidence. This is certainly a positive development for Apple, which did not have any major AI-related products before in comparison to its Big Tech peers like Microsoft (MSFT) and Google (GOOG)(GOOGL), which have been actively involved in the development of their own generative AI tools and platforms for over a year already.The problem for Apple and its investors is that due to the certain regulatory rules Apple Intelligence is not expected to be launched in the European Union and China, which are major markets for the company. This could mean that the AI upside is overblown since there are not enough reasons to believe that Apple’s AI-related products will be able to offset the underperformance of some of the company’s other businesses and justify the current market price. This is why we believe that the momentum from the recent rally is likely to be short-lived since the downside to Apple’s shares right now is significant in our opinion.AI Won’t Save The DayFor a while, Apple struggled to revive growth and create shareholder value. In five of the last seven quarters, Apple reported a Y/Y decline in revenues, which indicated a lack of growth for the business and prevented its shares from appreciating above the technical resistance level of $200 per share.Apple’s Latest EarningsThe situation with the underperforming share price has been partially resolved in early June. Back then Apple announced that it planned to enter the generative AI industry by launching Apple Intelligence, which is an AI assistant that can do various tasks across the user’s device similar to Microsoft’s Copilot AI assistant. Thanks to this announcement, the shares have finally broken the $200 resistance level and currently trade above that level.Apple’s stock performanceDespite the appreciation of shares, the issues with the growth of the underlying business remain. In August, Apple released its earnings report for Q3 which covers the period from April to June. That report showed that while the overall revenues increased by 4.9% Y/Y to $85.8 billion, Apple’s biggest iPhone business experienced a decline in sales due to the rising challenges in China that will be discussed later in this article.While Mac and iPad revenues were up Y/Y in Q3, the growth came primarily from the releases of new laptops and tablets that came out in March and May, respectively, and gave an overall boost to sales. It’s possible that in Q4 and beyond the Mac and iPad sales might slow down or even decline Y/Y like it happened with Apple’s Wearables segment, which underperformed in Q3 even though the company’s Vision Pro headset came out in February, as the demand subsided a few months after the launch. At this point, the services business is likely the only business that has the opportunity to perform well in the future. However, it still doesn’t justify a major appreciation of Apple’s shares in recent months, especially since nobody really knows how much additional revenue Apple Intelligence will bring over the coming quarters.Apple’s Performance in Q3Apple Intelligence itself is expected to launch only in October and only as a beta version, so the appreciation of the company’s shares by a significant percentage doesn’t make a lot of sense to us.What is more important is that Apple Intelligence is not expected to be available either in the European Union or in China. In Q3, Apple was able to generate 25.5% and 17.2% of sales from the European Union and Greater China, respectively. Without launching Apple Intelligence in those two markets, there’s a risk that the upside from the company’s generative AI platform will be insignificant.The reason behind the inability to launch Apple's intelligence in the European Union is due to tougher antitrust regulations. This makes it harder for the firm to launch its innovative products there, especially after the company was designated as a gatekeeper by the European Commission. At the same time, Apple recently lost an appeal in the European Court of Justice, where it fought against the tax ruling of the European Commission that was imposed against the company, and now must pay $14.4 billion in back taxes. Considering such a regulatory environment in Europe, there’s a possibility that we won’t see the launch of Apple Intelligence in Europe anytime soon.When it comes to the Chinese market, Apple is still looking for a partner, which could help it bring Apple Intelligence to China. Beijing currently requires businesses to get approval from the state before launching their own AI assistants and chatbots. Considering the strained Sino-American relations, there’s a possibility that Apple Intelligence will also not be available in China in the foreseeable future.However, even if Apple manages to find a partner to launch Apple Intelligence in China, there’s a risk that the upside from such a launch will be insignificant. In recent quarters, Apple has started to lose its dominant position in the Chinese market. While the smartphone market in China has grown 10% Y/Y in the recent quarter, the five biggest phone manufacturers were local brands such as Xiaomi, Huawei, and others. The overall decline in iPhone sales in Q3 was primarily caused by the weakness in China. At the same time, Apple’s latest iPhone 16 already sells at a discount in China, which might signal trouble for the company in the Chinese market.One of the advantages of local brands over Apple is that their generative AI tools are already available to Chinese customers. Since the United States plans to further curb China’s access to AI software and recently proposed new restrictions, it’s hard to see how Apple will be able to quickly find a way to launch Apple Intelligence in one of the biggest consumer markets in the world.As a result, the momentum that Apple’s shares gained after the announcement of Apple Intelligence could be short-lived, as the upside for the underlying business could be insignificant given that the AI assistant won’t be available in Europe and China anytime soon.Risk to Our Bearish ThesisThere are a number of risks to our bearish thesis. To this day, the United States is still the single biggest market for Apple, which generated 43.9% of total sales in Q3. Even if Apple Intelligence won’t be available in Europe and China, the company will still be able to benefit from the upgrade cycle in the United States since its new AI tools will be available only to the newest iPhones and laptops from the M series.The initial sales of iPhone 16 indicate that the current upgrade cycle will be significant and could even offset the loss of potential revenues in other regions where Apple intelligence is not available for now.Apple’s service business is also going to continue to perform well and could also offset the potential losses of other businesses. In the latest conference call, Apple’s management said the company already has over 1 billion paid subscriptions across its devices, and the service revenues are expected to grow at double digits.Finally, the US economy remains resilient and could receive an additional boost from the recent interest rate cuts that will make the cost of borrowing cheaper for businesses and consumers.All of this could fully or partially undermine our bearish thesis.The Fair Value of AppleOur valuation model intends to figure out what is Apple’s intrinsic value considering all the risks and opportunities. The tax rate in our model is 16.5%, which is what the company’s management guided in the recent conference call. The discount rate in the model is 8.48%. To calculate it, we figured out Apple’s after-tax cost of debt and the cost of equity. To find out the cost of debt, we used Apple’s TTM data. For the cost of equity, we used a risk-free rate of 3.75%, which is the yield of the 10-year Treasury note at the time of this writing; a beta of 1.24; and the market return rate of 7.69%.The perpetual growth rate is 3%, which aligns with the historical GDP rate. Apple’s market price at the time of creating the model was $226.47 per share. The long-term debt and cash data is used from the latest earnings report.Apple’s Valuation ModelThe sales growth rate in our model is close to the street’s consensus. We will likely see a boost in sales in FY25 that starts in October of 2024 thanks to the growth of the service business, a boost from iPhone 16 sales, and the upside from Apple Intelligence in the United States. The momentum could last until FY26, after which the growth rate will likely start to normalize as growth catalysts could subside and major risks begin to outweigh growth opportunities.The EBIT rate in the forecast is the same as in recent quarters. The tax rate is 16.5%, and the assumptions for other metrics are the same as in the previous year.Our forecast helped us figure out Apple’s enterprise value, which is $2.47 trillion. After adding cash and subtracting long-term debt, we figured out Apple’s equity value, which is $2.44 trillion. This helped us figure out Apple’s fair value, which is $158.11 per share. As such, Apple’s shares after the latest rally are overvalued by 30%.Apple’s Valuation ModelOverall, while Apple has growth catalysts and will be growing, the upside from Apple Intelligence is likely to be limited and the recent rally could be short-lived.Final ThoughtsWe believe that while Apple has enough growth opportunities that it can monetize in the future, the upside from Apple Intelligence could be overblown due to the inability of the company to launch it in the European Union and China anytime soon. In addition, the loss of market share in China could also undermine the company’s ability to aggressively scale its business. Given this, we believe that Apple is overvalued at the current price and its stock is a SELL for us.","news_type":1},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340507288318184,"gmtCreate":1724162705169,"gmtModify":1724162711290,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$&nbsp;</a><v-v data-views=\"1\"></v-v> 2nd chip maker in the world","listText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$&nbsp;</a><v-v data-views=\"1\"></v-v> 2nd chip maker in the world","text":"$Advanced Micro Devices(AMD)$ 2nd chip maker in the world","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340507288318184","isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":313594408456208,"gmtCreate":1717599653932,"gmtModify":1717599658034,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MLGO\">$MicroAlgo, Inc.(MLGO)$</a> Not much volume at all..&nbsp;","listText":"<a href=\"https://ttm.financial/S/MLGO\">$MicroAlgo, Inc.(MLGO)$</a> Not much volume at all..&nbsp;","text":"$MicroAlgo, Inc.(MLGO)$ Not much volume at all..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/313594408456208","isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917558850,"gmtCreate":1665546164671,"gmtModify":1676537625147,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"Have been saying that since many years ago.. still not happening.. prediction haha&nbsp;","listText":"Have been saying that since many years ago.. still not happening.. prediction haha&nbsp;","text":"Have been saying that since many years ago.. still not happening.. prediction haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917558850","repostId":"2274069505","repostType":2,"repost":{"id":"2274069505","kind":"news","pubTimestamp":1665543489,"share":"https://ttm.financial/m/news/2274069505?lang=&edition=fundamental","pubTime":"2022-10-12 10:58","market":"fut","language":"en","title":"Ark Analyst Stands by Prediction Bitcoin Price Will Top $1 Million","url":"https://stock-news.laohu8.com/highlight/detail?id=2274069505","media":"Bloomberg","summary":"CEO Cathie Wood previously said token will hit $1 millionTop crypto analyst at Ark insists the proje","content":"<html><head></head><body><ul><li>CEO Cathie Wood previously said token will hit $1 million</li><li>Top crypto analyst at Ark insists the projection still stands</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1ab5947255ce4a2e955241e5c0b01f6a\" tg-width=\"1000\" tg-height=\"667\" width=\"100%\" height=\"auto\"/><span>Photographer: Chris Ratcliffe/Bloomberg</span></p><p>Ark Investment Management analyst Yassine Elmandjra is standing by his firm’s prediction that Bitcoin’s price will shoot past the million-dollar mark, despite this year’s massive sell-off in the digital currency.</p><p>Cathie Wood, the fund manager behind Ark’s flagship innovation-themed ETFs, forecast earlier this year that the world’s largest cryptocurrency would top $1 million per coin by 2030. Yet, coin holders and miners have been selling off the token en masse in 2022 as the Federal Reserve continues to aggressively tighten monetary policy, driving investors away from riskier asset classes, such as crypto.</p><p>The bellwether virtual currency is down nearly 60% to around $19,000 this year, according to Bloomberg data.</p><p>Yet, Ark crypto analyst Elmandjra said that there is still a sizable opportunity to be found in Bitcoin, in an interview with Bloomberg TV Tuesday, reiterating his firm’s view of each coin exceeding $1 million in the coming years.</p><p>“When we look at Bitcoin’s potential, we segment it across several use cases -- everything from it competing as a digital store of value, to a settlement network, to an insurance policy against arbitrary asset seizure,” he explained. “When you stack every use case one on top of another, you come to about a 28 trillion-dollar opportunity, which translates to more than a million dollars per Bitcoin.”</p><p>Even so, the firm gave up its place as the third-largest shareholder of US-based crypto platform Coinbase Global Inc. over the summer, dumping some its holdings amid a US Securities and Exchange Commission probe. Three Ark Investment Management LLC funds sold over 1.41 million shares toward the end of July, worth $75 million at the time.</p><p>Ark’s $7.1 billion Innovation ETF (ticker ARKK) has not had a favorable year, lingering near its lowest closing level since March 2020 on Tuesday. The fund has plunged 62% in 2022 as global risk sentiment sours, compared to a 24% fall in the S&amp;P 500.</p><p>Elmandjra’s long-term view of Bitcoin remains bullish, nevertheless.</p><p>“When you look at Bitcoin as a strategic asset, non-sovereign, censorship-resistant money, competing against central banks and fiat currencies, Bitcoin supply being capped at 21 million, I think there is an arms race -- especially as we shift from the digital to the physical world -- to be an asset independent of the traditional financial systems and traditional asset classes,” he said in the TV interview.</p></body></html>","source":"lsy1584095487587","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>Ark Analyst Stands by Prediction Bitcoin Price Will Top $1 Million</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\">\nArk Analyst Stands by Prediction Bitcoin Price Will Top $1 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-12 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-10-11/ark-ark-analyst-stands-by-prediction-bitcoin-btc-will-exceed-1-million><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CEO Cathie Wood previously said token will hit $1 millionTop crypto analyst at Ark insists the projection still standsPhotographer: Chris Ratcliffe/BloombergArk Investment Management analyst Yassine ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-11/ark-ark-analyst-stands-by-prediction-bitcoin-btc-will-exceed-1-million\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2022-10-11/ark-ark-analyst-stands-by-prediction-bitcoin-btc-will-exceed-1-million","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2274069505","content_text":"CEO Cathie Wood previously said token will hit $1 millionTop crypto analyst at Ark insists the projection still standsPhotographer: Chris Ratcliffe/BloombergArk Investment Management analyst Yassine Elmandjra is standing by his firm’s prediction that Bitcoin’s price will shoot past the million-dollar mark, despite this year’s massive sell-off in the digital currency.Cathie Wood, the fund manager behind Ark’s flagship innovation-themed ETFs, forecast earlier this year that the world’s largest cryptocurrency would top $1 million per coin by 2030. Yet, coin holders and miners have been selling off the token en masse in 2022 as the Federal Reserve continues to aggressively tighten monetary policy, driving investors away from riskier asset classes, such as crypto.The bellwether virtual currency is down nearly 60% to around $19,000 this year, according to Bloomberg data.Yet, Ark crypto analyst Elmandjra said that there is still a sizable opportunity to be found in Bitcoin, in an interview with Bloomberg TV Tuesday, reiterating his firm’s view of each coin exceeding $1 million in the coming years.“When we look at Bitcoin’s potential, we segment it across several use cases -- everything from it competing as a digital store of value, to a settlement network, to an insurance policy against arbitrary asset seizure,” he explained. “When you stack every use case one on top of another, you come to about a 28 trillion-dollar opportunity, which translates to more than a million dollars per Bitcoin.”Even so, the firm gave up its place as the third-largest shareholder of US-based crypto platform Coinbase Global Inc. over the summer, dumping some its holdings amid a US Securities and Exchange Commission probe. Three Ark Investment Management LLC funds sold over 1.41 million shares toward the end of July, worth $75 million at the time.Ark’s $7.1 billion Innovation ETF (ticker ARKK) has not had a favorable year, lingering near its lowest closing level since March 2020 on Tuesday. The fund has plunged 62% in 2022 as global risk sentiment sours, compared to a 24% fall in the S&P 500.Elmandjra’s long-term view of Bitcoin remains bullish, nevertheless.“When you look at Bitcoin as a strategic asset, non-sovereign, censorship-resistant money, competing against central banks and fiat currencies, Bitcoin supply being capped at 21 million, I think there is an arms race -- especially as we shift from the digital to the physical world -- to be an asset independent of the traditional financial systems and traditional asset classes,” he said in the TV interview.","news_type":1},"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9993111262,"gmtCreate":1660644653459,"gmtModify":1676536371038,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MEGL\">$Magic Empire Global Ltd(MEGL)$</a>Probably high chance crashing but well nothing in life is for sure..&nbsp;","listText":"<a href=\"https://ttm.financial/S/MEGL\">$Magic Empire Global Ltd(MEGL)$</a>Probably high chance crashing but well nothing in life is for sure..&nbsp;","text":"$Magic Empire Global Ltd(MEGL)$Probably high chance crashing but well nothing in life is for sure..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993111262","isVote":1,"tweetType":1,"viewCount":668,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045146664,"gmtCreate":1656585738158,"gmtModify":1676535858322,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"Kk no one bother 😂 this is not crypto platform&nbsp;","listText":"Kk no one bother 😂 this is not crypto platform&nbsp;","text":"Kk no one bother 😂 this is not crypto platform","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045146664","repostId":"2247007449","repostType":2,"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9019172594,"gmtCreate":1648565753589,"gmtModify":1676534355155,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"Profit from stock but do we have the health tospend it.. with all these vaccine&nbsp;jabbing and heart attack going on&nbsp;","listText":"Profit from stock but do we have the health tospend it.. with all these vaccine&nbsp;jabbing and heart attack going on&nbsp;","text":"Profit from stock but do we have the health tospend it.. with all these vaccine jabbing and heart attack going on","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019172594","repostId":"1169105288","repostType":2,"repost":{"id":"1169105288","kind":"news","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":1648565236,"share":"https://ttm.financial/m/news/1169105288?lang=&edition=fundamental","pubTime":"2022-03-29 22:47","market":"us","language":"en","title":"FDA Authorizes Fourth Pfizer and Moderna Covid Vaccine Doses for People Age 50 and Older","url":"https://stock-news.laohu8.com/highlight/detail?id=1169105288","media":"Tiger Newspress","summary":"The Food and Drug Administration has authorized fourth Pfizer and Moderna Covid vaccine dose for eve","content":"<html><head></head><body><p>The Food and Drug Administration has authorized fourth Pfizer and Moderna Covid vaccine dose for everyone age 50 and older, amid uncertainty over whether an even more contagious version omicron will cause another wave of infection in the U.S. as it has in Europe and China.</p><p>The FDA also authorized a second Pfizer booster shot for people age 12 and older who have compromised immune systems, and a second Moderna booster for adults ages 18 and older with compromised immune systems. The new boosters are administered at least fourth months after the last shot.</p><p>The FDA made the decision without a meeting of its vaccine advisory committee, a rare move the agency has made more frequently over the course of the pandemic to expand uses of Covid vaccines. The drug regulator’s authorization comes just two weeks after Pfizer and Moderna asked the FDA to permit a second booster shot based on data from Israel. The Centers for Disease Control and Prevention is expected to quickly sign off on the decision.</p><p>The FDA’s decision effectively bypasses its advisory committee on vaccines, which is scheduled to meet on April 6 to discuss the future of booster shots in the U.S. The vaccine experts are expected to hold a broad discussion about boosters and will not vote on a specific recommendation.</p><p>Pfizer shares added nearly 1% while Moderna stock rose more than3% in morning trading.</p><p><img src=\"https://static.tigerbbs.com/e97d79e4e9defe5fd766f4b1fe90ffc7\" tg-width=\"841\" tg-height=\"618\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/3cbfa17839071433be152b0c184f40c6\" tg-width=\"843\" tg-height=\"621\" width=\"100%\" height=\"auto\"/></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>FDA Authorizes Fourth Pfizer and Moderna Covid Vaccine Doses for People Age 50 and Older</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\">\nFDA Authorizes Fourth Pfizer and Moderna Covid Vaccine Doses for People Age 50 and Older\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\">2022-03-29 22:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The Food and Drug Administration has authorized fourth Pfizer and Moderna Covid vaccine dose for everyone age 50 and older, amid uncertainty over whether an even more contagious version omicron will cause another wave of infection in the U.S. as it has in Europe and China.</p><p>The FDA also authorized a second Pfizer booster shot for people age 12 and older who have compromised immune systems, and a second Moderna booster for adults ages 18 and older with compromised immune systems. The new boosters are administered at least fourth months after the last shot.</p><p>The FDA made the decision without a meeting of its vaccine advisory committee, a rare move the agency has made more frequently over the course of the pandemic to expand uses of Covid vaccines. The drug regulator’s authorization comes just two weeks after Pfizer and Moderna asked the FDA to permit a second booster shot based on data from Israel. The Centers for Disease Control and Prevention is expected to quickly sign off on the decision.</p><p>The FDA’s decision effectively bypasses its advisory committee on vaccines, which is scheduled to meet on April 6 to discuss the future of booster shots in the U.S. The vaccine experts are expected to hold a broad discussion about boosters and will not vote on a specific recommendation.</p><p>Pfizer shares added nearly 1% while Moderna stock rose more than3% in morning trading.</p><p><img src=\"https://static.tigerbbs.com/e97d79e4e9defe5fd766f4b1fe90ffc7\" tg-width=\"841\" tg-height=\"618\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/3cbfa17839071433be152b0c184f40c6\" tg-width=\"843\" tg-height=\"621\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","MRNA":"Moderna, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169105288","content_text":"The Food and Drug Administration has authorized fourth Pfizer and Moderna Covid vaccine dose for everyone age 50 and older, amid uncertainty over whether an even more contagious version omicron will cause another wave of infection in the U.S. as it has in Europe and China.The FDA also authorized a second Pfizer booster shot for people age 12 and older who have compromised immune systems, and a second Moderna booster for adults ages 18 and older with compromised immune systems. The new boosters are administered at least fourth months after the last shot.The FDA made the decision without a meeting of its vaccine advisory committee, a rare move the agency has made more frequently over the course of the pandemic to expand uses of Covid vaccines. The drug regulator’s authorization comes just two weeks after Pfizer and Moderna asked the FDA to permit a second booster shot based on data from Israel. The Centers for Disease Control and Prevention is expected to quickly sign off on the decision.The FDA’s decision effectively bypasses its advisory committee on vaccines, which is scheduled to meet on April 6 to discuss the future of booster shots in the U.S. The vaccine experts are expected to hold a broad discussion about boosters and will not vote on a specific recommendation.Pfizer shares added nearly 1% while Moderna stock rose more than3% in morning trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9007722449,"gmtCreate":1643016327738,"gmtModify":1676533765140,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PFE\">$Pfizer(PFE)$</a>Go down Pfizer.. garbage killer vaccine.. karma will strike soon","listText":"<a href=\"https://ttm.financial/S/PFE\">$Pfizer(PFE)$</a>Go down Pfizer.. garbage killer vaccine.. karma will strike soon","text":"$Pfizer(PFE)$Go down Pfizer.. garbage killer vaccine.. karma will strike soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007722449","isVote":1,"tweetType":1,"viewCount":886,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9007720498,"gmtCreate":1643014076204,"gmtModify":1676533765000,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"Full of crap vaccine&nbsp;","listText":"Full of crap vaccine&nbsp;","text":"Full of crap vaccine","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007720498","repostId":"1147063567","repostType":4,"isVote":1,"tweetType":1,"viewCount":703,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000441107,"gmtCreate":1640274610063,"gmtModify":1676533513934,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>So much potential for tesla 2022","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>So much potential for tesla 2022","text":"$Tesla Motors(TSLA)$So much potential for tesla 2022","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000441107","isVote":1,"tweetType":1,"viewCount":496,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9019172594,"gmtCreate":1648565753589,"gmtModify":1676534355155,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"Profit from stock but do we have the health tospend it.. with all these vaccine&nbsp;jabbing and heart attack going on&nbsp;","listText":"Profit from stock but do we have the health tospend it.. with all these vaccine&nbsp;jabbing and heart attack going on&nbsp;","text":"Profit from stock but do we have the health tospend it.. with all these vaccine jabbing and heart attack going on","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019172594","repostId":"1169105288","repostType":2,"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9007722449,"gmtCreate":1643016327738,"gmtModify":1676533765140,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PFE\">$Pfizer(PFE)$</a>Go down Pfizer.. garbage killer vaccine.. karma will strike soon","listText":"<a href=\"https://ttm.financial/S/PFE\">$Pfizer(PFE)$</a>Go down Pfizer.. garbage killer vaccine.. karma will strike soon","text":"$Pfizer(PFE)$Go down Pfizer.. garbage killer vaccine.. karma will strike soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007722449","isVote":1,"tweetType":1,"viewCount":886,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9007720498,"gmtCreate":1643014076204,"gmtModify":1676533765000,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"Full of crap vaccine&nbsp;","listText":"Full of crap vaccine&nbsp;","text":"Full of crap vaccine","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9007720498","repostId":"1147063567","repostType":4,"repost":{"id":"1147063567","kind":"news","pubTimestamp":1643012831,"share":"https://ttm.financial/m/news/1147063567?lang=&edition=fundamental","pubTime":"2022-01-24 16:27","market":"us","language":"en","title":"Fourth COVID-19 Vaccine Dose Increases Resistance against Infection in People over 60: Israeli Study","url":"https://stock-news.laohu8.com/highlight/detail?id=1147063567","media":"Seeking Alpha","summary":"Israel's Health Ministry said that a fourth dose of COVID-19 vaccine given to people over 60 in the ","content":"<html><head></head><body><ul><li>Israel&#39;s Health Ministry said that a fourth dose of COVID-19 vaccine given to people over 60 in the country made them three times more resistant to serious illness than thrice-vaccinated people in the same age group, <i>Reuters reports</i>.</li><li>The ministry also said the fourth dose, or second booster, made people over 60 twice as resistant to infection than those in the age group who received three shots of the vaccine.</li><li>The ministry conducted study with several major Israeli universities and the Sheba centre which compared 400,000 people over 60 who received the second booster with 600,000 people in the age group who were given a third shot more than four months ago.</li><li>Israel began offering a fourth dose of the Pfizer(NYSE:PFE)/ BioNtech(NASDAQ:BNTX)vaccine to people over 60 earlier this month.</li><li>Last week, an Israeli study found out that the fourth shot increases antibodies to higher levels than the third but it isnot enough to prevent Omicron infections.</li></ul></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>Fourth COVID-19 Vaccine Dose Increases Resistance against Infection in People over 60: Israeli Study</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; 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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\">\nFourth COVID-19 Vaccine Dose Increases Resistance against Infection in People over 60: Israeli Study\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-24 16:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3790516-fourth-covid-19-vaccine-dose-increases-resistance-against-infection-in-people-over-60-israeli-study><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Israel's Health Ministry said that a fourth dose of COVID-19 vaccine given to people over 60 in the country made them three times more resistant to serious illness than thrice-vaccinated people in the...</p>\n\n<a href=\"https://seekingalpha.com/news/3790516-fourth-covid-19-vaccine-dose-increases-resistance-against-infection-in-people-over-60-israeli-study\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BNTX":"BioNTech SE","PFE":"辉瑞"},"source_url":"https://seekingalpha.com/news/3790516-fourth-covid-19-vaccine-dose-increases-resistance-against-infection-in-people-over-60-israeli-study","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147063567","content_text":"Israel's Health Ministry said that a fourth dose of COVID-19 vaccine given to people over 60 in the country made them three times more resistant to serious illness than thrice-vaccinated people in the same age group, Reuters reports.The ministry also said the fourth dose, or second booster, made people over 60 twice as resistant to infection than those in the age group who received three shots of the vaccine.The ministry conducted study with several major Israeli universities and the Sheba centre which compared 400,000 people over 60 who received the second booster with 600,000 people in the age group who were given a third shot more than four months ago.Israel began offering a fourth dose of the Pfizer(NYSE:PFE)/ BioNtech(NASDAQ:BNTX)vaccine to people over 60 earlier this month.Last week, an Israeli study found out that the fourth shot increases antibodies to higher levels than the third but it isnot enough to prevent Omicron infections.","news_type":1},"isVote":1,"tweetType":1,"viewCount":703,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9000441107,"gmtCreate":1640274610063,"gmtModify":1676533513934,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>So much potential for tesla 2022","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a>So much potential for tesla 2022","text":"$Tesla Motors(TSLA)$So much potential for tesla 2022","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000441107","isVote":1,"tweetType":1,"viewCount":496,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9993111262,"gmtCreate":1660644653459,"gmtModify":1676536371038,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MEGL\">$Magic Empire Global Ltd(MEGL)$</a>Probably high chance crashing but well nothing in life is for sure..&nbsp;","listText":"<a href=\"https://ttm.financial/S/MEGL\">$Magic Empire Global Ltd(MEGL)$</a>Probably high chance crashing but well nothing in life is for sure..&nbsp;","text":"$Magic Empire Global Ltd(MEGL)$Probably high chance crashing but well nothing in life is for sure..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993111262","isVote":1,"tweetType":1,"viewCount":668,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354255798972496,"gmtCreate":1727496322363,"gmtModify":1727496326406,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/354255798972496","repostId":"1117467026","repostType":2,"repost":{"id":"1117467026","kind":"news","pubTimestamp":1727495380,"share":"https://ttm.financial/m/news/1117467026?lang=&edition=fundamental","pubTime":"2024-09-28 11:49","market":"us","language":"en","title":"Apple: Why AI Upside Is Overblown","url":"https://stock-news.laohu8.com/highlight/detail?id=1117467026","media":"Seeking Alpha","summary":"SummaryWe believe that Apple’s AI upside is overblown.Our valuation model shows that Apple’s shares are greatly overvalued after the latest rally.Apple’s stock is a SELL for us.Apple ipad with Bloombe","content":"<html><head></head><body><h2 id=\"id_3933999787\">Summary</h2><ul style=\"\"><li><p>We believe that Apple’s AI upside is overblown.</p></li><li><p>Our valuation model shows that Apple’s shares are greatly overvalued after the latest rally.</p></li><li><p>Apple’s stock is a SELL for us.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f4f90887a088a4b94c547f0b7ea322ec\" alt=\"Apple ipad with Bloomberg market trading apps\" title=\"Apple ipad with Bloomberg market trading apps\" tg-width=\"750\" tg-height=\"499\"/><span>Apple ipad with Bloomberg market trading apps</span></p><p></p><p>The meteoric rise of Apple’s (NASDAQ:AAPL) stock to its all-time high levels this summer was possible primarily thanks to the announcement that the company is entering the generative AI business with the upcoming launch of Apple Intelligence, which reignited investors’ confidence. This is certainly a positive development for Apple, which did not have any major AI-related products before in comparison to its Big Tech peers like Microsoft (MSFT) and Google (GOOG)(GOOGL), which have been actively involved in the development of their own generative AI tools and platforms for over a year already.</p><p>The problem for Apple and its investors is that due to the certain regulatory rules Apple Intelligence is not expected to be launched in the European Union and China, which are major markets for the company. This could mean that the AI upside is overblown since there are not enough reasons to believe that Apple’s AI-related products will be able to offset the underperformance of some of the company’s other businesses and justify the current market price. This is why we believe that the momentum from the recent rally is likely to be short-lived since the downside to Apple’s shares right now is significant in our opinion.</p><h2 id=\"id_595355831\">AI Won’t Save The Day</h2><p>For a while, Apple struggled to revive growth and create shareholder value. In five of the last seven quarters, Apple reported a Y/Y decline in revenues, which indicated a lack of growth for the business and prevented its shares from appreciating above the technical resistance level of $200 per share.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/8033df28e55343161d003bda2e31c342\" alt=\"Apple’s Latest Earnings\" title=\"Apple’s Latest Earnings\" tg-width=\"640\" tg-height=\"182\"/><span>Apple’s Latest Earnings</span></p><p>The situation with the underperforming share price has been partially resolved in early June. Back then Apple announced that it planned to enter the generative AI industry by launching Apple Intelligence, which is an AI assistant that can do various tasks across the user’s device similar to Microsoft’s Copilot AI assistant. Thanks to this announcement, the shares have finally broken the $200 resistance level and currently trade above that level.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/84d57ca1d8e6c2c50bb9cf727b008b4d\" alt=\"Apple’s stock performance\" title=\"Apple’s stock performance\" tg-width=\"640\" tg-height=\"257\"/><span>Apple’s stock performance</span></p><p>Despite the appreciation of shares, the issues with the growth of the underlying business remain. In August, Apple released its earnings report for Q3 which covers the period from April to June. That report showed that while the overall revenues increased by 4.9% Y/Y to $85.8 billion, Apple’s biggest iPhone business experienced a decline in sales due to the rising challenges in China that will be discussed later in this article.</p><p>While Mac and iPad revenues were up Y/Y in Q3, the growth came primarily from the releases of new laptops and tablets that came out in March and May, respectively, and gave an overall boost to sales. It’s possible that in Q4 and beyond the Mac and iPad sales might slow down or even decline Y/Y like it happened with Apple’s Wearables segment, which underperformed in Q3 even though the company’s Vision Pro headset came out in February, as the demand subsided a few months after the launch. At this point, the services business is likely the only business that has the opportunity to perform well in the future. However, it still doesn’t justify a major appreciation of Apple’s shares in recent months, especially since nobody really knows how much additional revenue Apple Intelligence will bring over the coming quarters.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/94c9bea295e1ef0848fdbef9f70fa2f6\" alt=\"Apple’s Performance in Q3\" title=\"Apple’s Performance in Q3\" tg-width=\"640\" tg-height=\"386\"/><span>Apple’s Performance in Q3</span></p><p>Apple Intelligence itself is expected to launch only in October and only as a beta version, so the appreciation of the company’s shares by a significant percentage doesn’t make a lot of sense to us.</p><p>What is more important is that Apple Intelligence is not expected to be available either in the European Union or in China. In Q3, Apple was able to generate 25.5% and 17.2% of sales from the European Union and Greater China, respectively. Without launching Apple Intelligence in those two markets, there’s a risk that the upside from the company’s generative AI platform will be insignificant.</p><p>The reason behind the inability to launch Apple&#39;s intelligence in the European Union is due to tougher antitrust regulations. This makes it harder for the firm to launch its innovative products there, especially after the company was designated as a gatekeeper by the European Commission. At the same time, Apple recently lost an appeal in the European Court of Justice, where it fought against the tax ruling of the European Commission that was imposed against the company, and now must pay $14.4 billion in back taxes. Considering such a regulatory environment in Europe, there’s a possibility that we won’t see the launch of Apple Intelligence in Europe anytime soon.</p><p>When it comes to the Chinese market, Apple is still looking for a partner, which could help it bring Apple Intelligence to China. Beijing currently requires businesses to get approval from the state before launching their own AI assistants and chatbots. Considering the strained Sino-American relations, there’s a possibility that Apple Intelligence will also not be available in China in the foreseeable future.</p><p>However, even if Apple manages to find a partner to launch Apple Intelligence in China, there’s a risk that the upside from such a launch will be insignificant. In recent quarters, Apple has started to lose its dominant position in the Chinese market. While the smartphone market in China has grown 10% Y/Y in the recent quarter, the five biggest phone manufacturers were local brands such as Xiaomi, Huawei, and others. The overall decline in iPhone sales in Q3 was primarily caused by the weakness in China. At the same time, Apple’s latest iPhone 16 already sells at a discount in China, which might signal trouble for the company in the Chinese market.</p><p>One of the advantages of local brands over Apple is that their generative AI tools are already available to Chinese customers. Since the United States plans to further curb China’s access to AI software and recently proposed new restrictions, it’s hard to see how Apple will be able to quickly find a way to launch Apple Intelligence in one of the biggest consumer markets in the world.</p><p>As a result, the momentum that Apple’s shares gained after the announcement of Apple Intelligence could be short-lived, as the upside for the underlying business could be insignificant given that the AI assistant won’t be available in Europe and China anytime soon.</p><h2 id=\"id_3410835401\">Risk to Our Bearish Thesis</h2><p>There are a number of risks to our bearish thesis. To this day, the United States is still the single biggest market for Apple, which generated 43.9% of total sales in Q3. Even if Apple Intelligence won’t be available in Europe and China, the company will still be able to benefit from the upgrade cycle in the United States since its new AI tools will be available only to the newest iPhones and laptops from the M series.</p><p>The initial sales of iPhone 16 indicate that the current upgrade cycle will be significant and could even offset the loss of potential revenues in other regions where Apple intelligence is not available for now.</p><p>Apple’s service business is also going to continue to perform well and could also offset the potential losses of other businesses. In the latest conference call, Apple’s management said the company already has over 1 billion paid subscriptions across its devices, and the service revenues are expected to grow at double digits.</p><p>Finally, the US economy remains resilient and could receive an additional boost from the recent interest rate cuts that will make the cost of borrowing cheaper for businesses and consumers.</p><p>All of this could fully or partially undermine our bearish thesis.</p><h2 id=\"id_3054027963\">The Fair Value of Apple</h2><p>Our valuation model intends to figure out what is Apple’s intrinsic value considering all the risks and opportunities. The tax rate in our model is 16.5%, which is what the company’s management guided in the recent conference call. The discount rate in the model is 8.48%. To calculate it, we figured out Apple’s after-tax cost of debt and the cost of equity. To find out the cost of debt, we used Apple’s TTM data. For the cost of equity, we used a risk-free rate of 3.75%, which is the yield of the 10-year Treasury note at the time of this writing; a beta of 1.24; and the market return rate of 7.69%.</p><p>The perpetual growth rate is 3%, which aligns with the historical GDP rate. Apple’s market price at the time of creating the model was $226.47 per share. The long-term debt and cash data is used from the latest earnings report.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/91a58ceaa142295042b33e6ed4d75d43\" alt=\"Apple’s Valuation Model\" title=\"Apple’s Valuation Model\" tg-width=\"640\" tg-height=\"181\"/><span>Apple’s Valuation Model</span></p><p>The sales growth rate in our model is close to the street’s consensus. We will likely see a boost in sales in FY25 that starts in October of 2024 thanks to the growth of the service business, a boost from iPhone 16 sales, and the upside from Apple Intelligence in the United States. The momentum could last until FY26, after which the growth rate will likely start to normalize as growth catalysts could subside and major risks begin to outweigh growth opportunities.</p><p>The EBIT rate in the forecast is the same as in recent quarters. The tax rate is 16.5%, and the assumptions for other metrics are the same as in the previous year.</p><p>Our forecast helped us figure out Apple’s enterprise value, which is $2.47 trillion. After adding cash and subtracting long-term debt, we figured out Apple’s equity value, which is $2.44 trillion. This helped us figure out Apple’s fair value, which is $158.11 per share. As such, Apple’s shares after the latest rally are overvalued by 30%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/34807006ce223842703cf65f8b95f191\" alt=\"Apple’s Valuation Model\" title=\"Apple’s Valuation Model\" tg-width=\"640\" tg-height=\"228\"/><span>Apple’s Valuation Model</span></p><p>Overall, while Apple has growth catalysts and will be growing, the upside from Apple Intelligence is likely to be limited and the recent rally could be short-lived.</p><h2 id=\"id_343648466\">Final Thoughts</h2><p>We believe that while Apple has enough growth opportunities that it can monetize in the future, the upside from Apple Intelligence could be overblown due to the inability of the company to launch it in the European Union and China anytime soon. In addition, the loss of market share in China could also undermine the company’s ability to aggressively scale its business. Given this, we believe that Apple is overvalued at the current price and its stock is a SELL for us.</p></body></html>","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>Apple: Why AI Upside Is Overblown</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\">\nApple: Why AI Upside Is Overblown\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-28 11:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4723711-apple-aapl-stock-why-ai-upside-is-overblown><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryWe believe that Apple’s AI upside is overblown.Our valuation model shows that Apple’s shares are greatly overvalued after the latest rally.Apple’s stock is a SELL for us.Apple ipad with ...</p>\n\n<a href=\"https://seekingalpha.com/article/4723711-apple-aapl-stock-why-ai-upside-is-overblown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4723711-apple-aapl-stock-why-ai-upside-is-overblown","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1117467026","content_text":"SummaryWe believe that Apple’s AI upside is overblown.Our valuation model shows that Apple’s shares are greatly overvalued after the latest rally.Apple’s stock is a SELL for us.Apple ipad with Bloomberg market trading appsThe meteoric rise of Apple’s (NASDAQ:AAPL) stock to its all-time high levels this summer was possible primarily thanks to the announcement that the company is entering the generative AI business with the upcoming launch of Apple Intelligence, which reignited investors’ confidence. This is certainly a positive development for Apple, which did not have any major AI-related products before in comparison to its Big Tech peers like Microsoft (MSFT) and Google (GOOG)(GOOGL), which have been actively involved in the development of their own generative AI tools and platforms for over a year already.The problem for Apple and its investors is that due to the certain regulatory rules Apple Intelligence is not expected to be launched in the European Union and China, which are major markets for the company. This could mean that the AI upside is overblown since there are not enough reasons to believe that Apple’s AI-related products will be able to offset the underperformance of some of the company’s other businesses and justify the current market price. This is why we believe that the momentum from the recent rally is likely to be short-lived since the downside to Apple’s shares right now is significant in our opinion.AI Won’t Save The DayFor a while, Apple struggled to revive growth and create shareholder value. In five of the last seven quarters, Apple reported a Y/Y decline in revenues, which indicated a lack of growth for the business and prevented its shares from appreciating above the technical resistance level of $200 per share.Apple’s Latest EarningsThe situation with the underperforming share price has been partially resolved in early June. Back then Apple announced that it planned to enter the generative AI industry by launching Apple Intelligence, which is an AI assistant that can do various tasks across the user’s device similar to Microsoft’s Copilot AI assistant. Thanks to this announcement, the shares have finally broken the $200 resistance level and currently trade above that level.Apple’s stock performanceDespite the appreciation of shares, the issues with the growth of the underlying business remain. In August, Apple released its earnings report for Q3 which covers the period from April to June. That report showed that while the overall revenues increased by 4.9% Y/Y to $85.8 billion, Apple’s biggest iPhone business experienced a decline in sales due to the rising challenges in China that will be discussed later in this article.While Mac and iPad revenues were up Y/Y in Q3, the growth came primarily from the releases of new laptops and tablets that came out in March and May, respectively, and gave an overall boost to sales. It’s possible that in Q4 and beyond the Mac and iPad sales might slow down or even decline Y/Y like it happened with Apple’s Wearables segment, which underperformed in Q3 even though the company’s Vision Pro headset came out in February, as the demand subsided a few months after the launch. At this point, the services business is likely the only business that has the opportunity to perform well in the future. However, it still doesn’t justify a major appreciation of Apple’s shares in recent months, especially since nobody really knows how much additional revenue Apple Intelligence will bring over the coming quarters.Apple’s Performance in Q3Apple Intelligence itself is expected to launch only in October and only as a beta version, so the appreciation of the company’s shares by a significant percentage doesn’t make a lot of sense to us.What is more important is that Apple Intelligence is not expected to be available either in the European Union or in China. In Q3, Apple was able to generate 25.5% and 17.2% of sales from the European Union and Greater China, respectively. Without launching Apple Intelligence in those two markets, there’s a risk that the upside from the company’s generative AI platform will be insignificant.The reason behind the inability to launch Apple's intelligence in the European Union is due to tougher antitrust regulations. This makes it harder for the firm to launch its innovative products there, especially after the company was designated as a gatekeeper by the European Commission. At the same time, Apple recently lost an appeal in the European Court of Justice, where it fought against the tax ruling of the European Commission that was imposed against the company, and now must pay $14.4 billion in back taxes. Considering such a regulatory environment in Europe, there’s a possibility that we won’t see the launch of Apple Intelligence in Europe anytime soon.When it comes to the Chinese market, Apple is still looking for a partner, which could help it bring Apple Intelligence to China. Beijing currently requires businesses to get approval from the state before launching their own AI assistants and chatbots. Considering the strained Sino-American relations, there’s a possibility that Apple Intelligence will also not be available in China in the foreseeable future.However, even if Apple manages to find a partner to launch Apple Intelligence in China, there’s a risk that the upside from such a launch will be insignificant. In recent quarters, Apple has started to lose its dominant position in the Chinese market. While the smartphone market in China has grown 10% Y/Y in the recent quarter, the five biggest phone manufacturers were local brands such as Xiaomi, Huawei, and others. The overall decline in iPhone sales in Q3 was primarily caused by the weakness in China. At the same time, Apple’s latest iPhone 16 already sells at a discount in China, which might signal trouble for the company in the Chinese market.One of the advantages of local brands over Apple is that their generative AI tools are already available to Chinese customers. Since the United States plans to further curb China’s access to AI software and recently proposed new restrictions, it’s hard to see how Apple will be able to quickly find a way to launch Apple Intelligence in one of the biggest consumer markets in the world.As a result, the momentum that Apple’s shares gained after the announcement of Apple Intelligence could be short-lived, as the upside for the underlying business could be insignificant given that the AI assistant won’t be available in Europe and China anytime soon.Risk to Our Bearish ThesisThere are a number of risks to our bearish thesis. To this day, the United States is still the single biggest market for Apple, which generated 43.9% of total sales in Q3. Even if Apple Intelligence won’t be available in Europe and China, the company will still be able to benefit from the upgrade cycle in the United States since its new AI tools will be available only to the newest iPhones and laptops from the M series.The initial sales of iPhone 16 indicate that the current upgrade cycle will be significant and could even offset the loss of potential revenues in other regions where Apple intelligence is not available for now.Apple’s service business is also going to continue to perform well and could also offset the potential losses of other businesses. In the latest conference call, Apple’s management said the company already has over 1 billion paid subscriptions across its devices, and the service revenues are expected to grow at double digits.Finally, the US economy remains resilient and could receive an additional boost from the recent interest rate cuts that will make the cost of borrowing cheaper for businesses and consumers.All of this could fully or partially undermine our bearish thesis.The Fair Value of AppleOur valuation model intends to figure out what is Apple’s intrinsic value considering all the risks and opportunities. The tax rate in our model is 16.5%, which is what the company’s management guided in the recent conference call. The discount rate in the model is 8.48%. To calculate it, we figured out Apple’s after-tax cost of debt and the cost of equity. To find out the cost of debt, we used Apple’s TTM data. For the cost of equity, we used a risk-free rate of 3.75%, which is the yield of the 10-year Treasury note at the time of this writing; a beta of 1.24; and the market return rate of 7.69%.The perpetual growth rate is 3%, which aligns with the historical GDP rate. Apple’s market price at the time of creating the model was $226.47 per share. The long-term debt and cash data is used from the latest earnings report.Apple’s Valuation ModelThe sales growth rate in our model is close to the street’s consensus. We will likely see a boost in sales in FY25 that starts in October of 2024 thanks to the growth of the service business, a boost from iPhone 16 sales, and the upside from Apple Intelligence in the United States. The momentum could last until FY26, after which the growth rate will likely start to normalize as growth catalysts could subside and major risks begin to outweigh growth opportunities.The EBIT rate in the forecast is the same as in recent quarters. The tax rate is 16.5%, and the assumptions for other metrics are the same as in the previous year.Our forecast helped us figure out Apple’s enterprise value, which is $2.47 trillion. After adding cash and subtracting long-term debt, we figured out Apple’s equity value, which is $2.44 trillion. This helped us figure out Apple’s fair value, which is $158.11 per share. As such, Apple’s shares after the latest rally are overvalued by 30%.Apple’s Valuation ModelOverall, while Apple has growth catalysts and will be growing, the upside from Apple Intelligence is likely to be limited and the recent rally could be short-lived.Final ThoughtsWe believe that while Apple has enough growth opportunities that it can monetize in the future, the upside from Apple Intelligence could be overblown due to the inability of the company to launch it in the European Union and China anytime soon. In addition, the loss of market share in China could also undermine the company’s ability to aggressively scale its business. Given this, we believe that Apple is overvalued at the current price and its stock is a SELL for us.","news_type":1},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045146664,"gmtCreate":1656585738158,"gmtModify":1676535858322,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"Kk no one bother 😂 this is not crypto platform&nbsp;","listText":"Kk no one bother 😂 this is not crypto platform&nbsp;","text":"Kk no one bother 😂 this is not crypto platform","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045146664","repostId":"2247007449","repostType":2,"repost":{"id":"2247007449","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1656579910,"share":"https://ttm.financial/m/news/2247007449?lang=&edition=fundamental","pubTime":"2022-06-30 17:05","market":"us","language":"en","title":"Bitcoin Falls Below $20,000 and Is Headed for Biggest Quarterly Drop Since 2011","url":"https://stock-news.laohu8.com/highlight/detail?id=2247007449","media":"Dow Jones","summary":"Bitcoin, the largest cryptocurrency, fell below $20,000 and was set to record its biggest quarterly ","content":"<html><head></head><body><p>Bitcoin, the largest cryptocurrency, fell below $20,000 and was set to record its biggest quarterly drop in a decade as digital assets extended declines.</p><p>Bitcoin has fallen 3.9% over the past 24 hours to $19,282. That&#39;s down from $47,456 at the start of April and some 70% off its peak value reached last November. The quarterly decline of about 59% is the worst since 2011, just two years after it first launched.</p><p>The news that crypto hedge fund Three Arrows will be forced to liquidate its assets, as well as fresh comments from central bankers suggesting more interest-rate hikes are coming, cast a pall over the cryptocurrency industry. Other cryptocurrencies such as Ethereum, Solana, Cardano and Avalanche also were falling on Thursday.</p><p>Federal Reserve Chairman Jerome Powell said Wednesday that he remains focused on reining in the fastest inflation in four decades. Speaking at a conference in Portugal, he was backed up by similar messages from European Central Bank President Christine Lagarde and Bank of England Gov. Andrew Bailey.</p><p>A court in the British Virgin Islands earlier this week ordered Three Arrows to be liquidated. Founded in 2012, the hedge fund at one time managed $10 billion.</p><p>Several other crypto firms also have been running into trouble. Celsius Networks has frozen most transactions. Finblox, another crypto lending platform, on June 16 capped withdrawals and noted it relied on Three Arrows for liquidity. The broker Voyager Digital this week said it had issued Three Arrows with a default notice.</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>Bitcoin Falls Below $20,000 and Is Headed for Biggest Quarterly Drop Since 2011</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\">\nBitcoin Falls Below $20,000 and Is Headed for Biggest Quarterly Drop Since 2011\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-06-30 17:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Bitcoin, the largest cryptocurrency, fell below $20,000 and was set to record its biggest quarterly drop in a decade as digital assets extended declines.</p><p>Bitcoin has fallen 3.9% over the past 24 hours to $19,282. That&#39;s down from $47,456 at the start of April and some 70% off its peak value reached last November. The quarterly decline of about 59% is the worst since 2011, just two years after it first launched.</p><p>The news that crypto hedge fund Three Arrows will be forced to liquidate its assets, as well as fresh comments from central bankers suggesting more interest-rate hikes are coming, cast a pall over the cryptocurrency industry. Other cryptocurrencies such as Ethereum, Solana, Cardano and Avalanche also were falling on Thursday.</p><p>Federal Reserve Chairman Jerome Powell said Wednesday that he remains focused on reining in the fastest inflation in four decades. Speaking at a conference in Portugal, he was backed up by similar messages from European Central Bank President Christine Lagarde and Bank of England Gov. Andrew Bailey.</p><p>A court in the British Virgin Islands earlier this week ordered Three Arrows to be liquidated. Founded in 2012, the hedge fund at one time managed $10 billion.</p><p>Several other crypto firms also have been running into trouble. Celsius Networks has frozen most transactions. Finblox, another crypto lending platform, on June 16 capped withdrawals and noted it relied on Three Arrows for liquidity. The broker Voyager Digital this week said it had issued Three Arrows with a default notice.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2247007449","content_text":"Bitcoin, the largest cryptocurrency, fell below $20,000 and was set to record its biggest quarterly drop in a decade as digital assets extended declines.Bitcoin has fallen 3.9% over the past 24 hours to $19,282. That's down from $47,456 at the start of April and some 70% off its peak value reached last November. The quarterly decline of about 59% is the worst since 2011, just two years after it first launched.The news that crypto hedge fund Three Arrows will be forced to liquidate its assets, as well as fresh comments from central bankers suggesting more interest-rate hikes are coming, cast a pall over the cryptocurrency industry. Other cryptocurrencies such as Ethereum, Solana, Cardano and Avalanche also were falling on Thursday.Federal Reserve Chairman Jerome Powell said Wednesday that he remains focused on reining in the fastest inflation in four decades. Speaking at a conference in Portugal, he was backed up by similar messages from European Central Bank President Christine Lagarde and Bank of England Gov. Andrew Bailey.A court in the British Virgin Islands earlier this week ordered Three Arrows to be liquidated. Founded in 2012, the hedge fund at one time managed $10 billion.Several other crypto firms also have been running into trouble. Celsius Networks has frozen most transactions. Finblox, another crypto lending platform, on June 16 capped withdrawals and noted it relied on Three Arrows for liquidity. The broker Voyager Digital this week said it had issued Three Arrows with a default notice.","news_type":1},"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340507288318184,"gmtCreate":1724162705169,"gmtModify":1724162711290,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$&nbsp;</a><v-v data-views=\"1\"></v-v> 2nd chip maker in the world","listText":"<a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$&nbsp;</a><v-v data-views=\"1\"></v-v> 2nd chip maker in the world","text":"$Advanced Micro Devices(AMD)$ 2nd chip maker in the world","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/340507288318184","isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":313594408456208,"gmtCreate":1717599653932,"gmtModify":1717599658034,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MLGO\">$MicroAlgo, Inc.(MLGO)$</a> Not much volume at all..&nbsp;","listText":"<a href=\"https://ttm.financial/S/MLGO\">$MicroAlgo, Inc.(MLGO)$</a> Not much volume at all..&nbsp;","text":"$MicroAlgo, Inc.(MLGO)$ Not much volume at all..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/313594408456208","isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917558850,"gmtCreate":1665546164671,"gmtModify":1676537625147,"author":{"id":"3573547078649261","authorId":"3573547078649261","name":"Jameskx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3573547078649261","authorIdStr":"3573547078649261"},"themes":[],"htmlText":"Have been saying that since many years ago.. still not happening.. prediction haha&nbsp;","listText":"Have been saying that since many years ago.. still not happening.. prediction haha&nbsp;","text":"Have been saying that since many years ago.. still not happening.. prediction haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917558850","repostId":"2274069505","repostType":2,"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}