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09-18

Who cares? Is he bringing his money with him to heaven ?😄

Billionaire Hedge Fund Manager Says He Would Pull His Money from the Market If Harris Wins Election

05-25

At current valuation, Nvidia is at optimum risk! Competitors will catch up really soon.

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2023-12-05

Apple is dead.

Can Apple's iPhone 15 Spark a Tech Rally? Analyst Eyes China Growth

2023-11-20

SeekingAlpha, don't put yourself down writing this article!😂What growth Ebay has? Mono, period!

Alibaba: Don't Fall For This Trap

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Is he bringing his money with him&nbsp;to heaven ?😄","listText":"Who cares? Is he bringing his money with him&nbsp;to heaven ?😄","text":"Who cares? Is he bringing his money with him to heaven ?😄","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350779786858656","repostId":"1191591104","repostType":2,"repost":{"id":"1191591104","pubTimestamp":1726641553,"share":"https://ttm.financial/m/news/1191591104?lang=&edition=fundamental","pubTime":"2024-09-18 14:39","market":"us","language":"en","title":"Billionaire Hedge Fund Manager Says He Would Pull His Money from the Market If Harris Wins Election","url":"https://stock-news.laohu8.com/highlight/detail?id=1191591104","media":"Fox Business","summary":"Hedge fund billionaire and major Trump fundraiser John Paulson said Tuesday he will pull his money out of the market if Vice President Harris wins the presidential election this fall, saying the Democ","content":"<html><head></head><body><p>Hedge fund billionaire and major Trump fundraiser John Paulson said Tuesday he will pull his money out of the market if Vice President Harris wins the presidential election this fall, saying the Democrat nominee&#39;s economic policies would spook investors.</p><p>The Paulson &amp; Co. founder, known for his lucrative bet against the subprime mortgage in 2007, appeared on FOX Business&#39; &#34;The Claman Countdown,&#34; where host Liz Claman asked him what he sees as the next big bet similar to that.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/26217d693544662a8757fbe76f185dba\" alt=\"Hedge fund manager John Paulson (Spencer Platt/Getty Images)\" title=\"Hedge fund manager John Paulson (Spencer Platt/Getty Images)\" tg-width=\"931\" tg-height=\"523\"/><span>Hedge fund manager John Paulson (Spencer Platt/Getty Images)</span></p><p>&#34;Well, I would say it very much depends on who&#39;s in the White House and who controls Congress,&#34; Paulson replied. &#34;I&#39;d be very concerned if Harris is elected and pursues the tax plans and other economic plans that she articulated.&#34;</p><p>Paulson said during the interview that former President Trump and Harris&#39; plans for the economy are very different, noting that Trump wants to extend the 2017 tax cuts implemented during his term in office while Harris wants to let them expire.</p><p>He also noted that Harris has proposed raising the corporate tax rate from 21% to 28% and wants to raise the capital gains rate from 20% to 28%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a723aa42a1f9edac3d9c30a6f56c2a60\" alt=\"Republican presidential nominee former President Trump arrives for a campaign event at the Central Wisconsin Airport on Sept. 7, 2024, in Mosinee, Wisconsin. 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(Scott Olson/Getty Images)</span></p><p>The billionaire pointed to Harris&#39; proposed 25% tax on unrealized gains for individuals making $100 million or more, and he predicted that, if implemented, it &#34;would cause mass selling of almost everything – stocks, bonds, homes, art – I think it would result in a crash in the markets and an immediate, pretty quick recession.&#34;</p><p>Claman went on to note that some people who were concerned about the policies of previous presidents, namely Barack Obama, Trump and Joe Biden, pulled their money out of the markets when they were elected, and the move turned out to be a big mistake as the markets continued to perform well.</p><p>But Paulson has said that market timing and investor timing will really matter depending on who is president, and Claman asked him if he is ready to take that chance.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/218fff4868171aaa606369d587ac33b6\" alt=\"Democrat presidential nominee Vice President Harris speaks during a campaign event on Sept. 2, 2024, in Pittsburgh. (Michael M. Santiago/Getty Images)\" title=\"Democrat presidential nominee Vice President Harris speaks during a campaign event on Sept. 2, 2024, in Pittsburgh. (Michael M. Santiago/Getty Images)\" tg-width=\"931\" tg-height=\"523\"/><span>Democrat presidential nominee Vice President Harris speaks during a campaign event on Sept. 2, 2024, in Pittsburgh. (Michael M. Santiago/Getty Images)</span></p><p>&#34;It depends on the policy,&#34; Paulson said. &#34;I think if Harris was elected, I would pull my money from the market. I&#39;d go into cash, and I&#39;d go into gold because I think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the markets and likely lower markets.&#34;</p><p>When pressed by Claman, Paulson reiterated that he would sell the liquid equities that he owns if Harris wins the White House.</p></body></html>","source":"lsy1602566126337","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>Billionaire Hedge Fund Manager Says He Would Pull His Money from the Market If Harris Wins Election</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; 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}\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\">\nBillionaire Hedge Fund Manager Says He Would Pull His Money from the Market If Harris Wins Election\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-18 14:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/billionaire-hedge-fund-manager-says-he-would-pull-his-money-from-market-harris-wins-election><strong>Fox Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hedge fund billionaire and major Trump fundraiser John Paulson said Tuesday he will pull his money out of the market if Vice President Harris wins the presidential election this fall, saying the ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/billionaire-hedge-fund-manager-says-he-would-pull-his-money-from-market-harris-wins-election\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/billionaire-hedge-fund-manager-says-he-would-pull-his-money-from-market-harris-wins-election","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191591104","content_text":"Hedge fund billionaire and major Trump fundraiser John Paulson said Tuesday he will pull his money out of the market if Vice President Harris wins the presidential election this fall, saying the Democrat nominee's economic policies would spook investors.The Paulson & Co. founder, known for his lucrative bet against the subprime mortgage in 2007, appeared on FOX Business' \"The Claman Countdown,\" where host Liz Claman asked him what he sees as the next big bet similar to that.Hedge fund manager John Paulson (Spencer Platt/Getty Images)\"Well, I would say it very much depends on who's in the White House and who controls Congress,\" Paulson replied. \"I'd be very concerned if Harris is elected and pursues the tax plans and other economic plans that she articulated.\"Paulson said during the interview that former President Trump and Harris' plans for the economy are very different, noting that Trump wants to extend the 2017 tax cuts implemented during his term in office while Harris wants to let them expire.He also noted that Harris has proposed raising the corporate tax rate from 21% to 28% and wants to raise the capital gains rate from 20% to 28%.Republican presidential nominee former President Trump arrives for a campaign event at the Central Wisconsin Airport on Sept. 7, 2024, in Mosinee, Wisconsin. (Scott Olson/Getty Images)The billionaire pointed to Harris' proposed 25% tax on unrealized gains for individuals making $100 million or more, and he predicted that, if implemented, it \"would cause mass selling of almost everything – stocks, bonds, homes, art – I think it would result in a crash in the markets and an immediate, pretty quick recession.\"Claman went on to note that some people who were concerned about the policies of previous presidents, namely Barack Obama, Trump and Joe Biden, pulled their money out of the markets when they were elected, and the move turned out to be a big mistake as the markets continued to perform well.But Paulson has said that market timing and investor timing will really matter depending on who is president, and Claman asked him if he is ready to take that chance.Democrat presidential nominee Vice President Harris speaks during a campaign event on Sept. 2, 2024, in Pittsburgh. (Michael M. Santiago/Getty Images)\"It depends on the policy,\" Paulson said. \"I think if Harris was elected, I would pull my money from the market. I'd go into cash, and I'd go into gold because I think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the markets and likely lower markets.\"When pressed by Claman, Paulson reiterated that he would sell the liquid equities that he owns if Harris wins the White House.","news_type":1},"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":309716079456376,"gmtCreate":1716618868535,"gmtModify":1716619241512,"author":{"id":"4088928099406900","authorId":"4088928099406900","name":"TeslaBoy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088928099406900","authorIdStr":"4088928099406900"},"themes":[],"htmlText":"At current valuation, Nvidia is at optimum risk! Competitors will catch up really soon.&nbsp;","listText":"At current valuation, Nvidia is at optimum risk! Competitors will catch up really soon.&nbsp;","text":"At current valuation, Nvidia is at optimum risk! Competitors will catch up really soon.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/309716079456376","repostId":"2438065998","repostType":2,"isVote":1,"tweetType":1,"viewCount":269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":248726804230256,"gmtCreate":1701762239394,"gmtModify":1701763190384,"author":{"id":"4088928099406900","authorId":"4088928099406900","name":"TeslaBoy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088928099406900","authorIdStr":"4088928099406900"},"themes":[],"htmlText":"Apple is dead.&nbsp;","listText":"Apple is dead.&nbsp;","text":"Apple is dead.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248726804230256","repostId":"1131462273","repostType":2,"repost":{"id":"1131462273","pubTimestamp":1701760332,"share":"https://ttm.financial/m/news/1131462273?lang=&edition=fundamental","pubTime":"2023-12-05 15:12","market":"us","language":"en","title":"Can Apple's iPhone 15 Spark a Tech Rally? Analyst Eyes China Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1131462273","media":"Benzinga","summary":"ZINGER KEY POINTSWedbush's Ives highlights AI as a '1995 Moment' for tech, with cloud services leading the charge in consumer Internet impact.Apple remains top tech pick for Wedbush's Ives, expecting ","content":"<html><head></head><body><h4 id=\"id_522864863\" style=\"text-align: start;\">ZINGER KEY POINTS</h4><ul style=\"list-style-type: disc;\"><li><p><strong>Wedbush&#39;s Ives highlights AI as a &#39;1995 Moment&#39; for tech, with cloud services leading the charge in consumer Internet impact.</strong></p></li><li><p><strong>Apple remains top tech pick for Wedbush&#39;s Ives, expecting strong iPhone 15 cycle and robust China growth to drive future success.</strong></p></li></ul><p><strong>Wedbush </strong>analyst Daniel Ives&#39; favorite tech names remain <strong>Apple Inc</strong>, <strong>Microsoft Corp</strong>, <strong>Alphabet Inc</strong>, <strong>Google</strong>, <strong>Palo Alto Networks, Inc</strong>, <strong>Palantir Technologies Inc</strong>, <strong>Zscaler, Inc</strong>, <strong>CrowdStrike Holdings, Inc</strong>, and <strong>MongoDB, Inc</strong>. </p><p style=\"text-align: start;\">Ives noted that this is the most significant technology revolution in the last 30 years, with AI a &#34;1995 Moment,&#34; and the fundamental tech growth stories are now starting to see the derivatives of this AI Revolution into 2024. </p><p style=\"text-align: start;\">The impact of the AI cycle on consumer Internet will be massive, and it will start with the cloud service divisions, <strong>Amazon.Com Inc&#39;s</strong> AWS and Alphabet&#39;s GCP. </p><p style=\"text-align: start;\">AWS and GCP acquire AI-capable chips, build AI-capable service offerings, and sell those services into their installed bases. He continues to like Amazon, Alphabet, and <strong>Meta Platforms Inc</strong> as his favorite tech plays. </p><p style=\"text-align: start;\">Apple&#39;s narrative quickly changing. Once the dust cleared from Apple&#39;s quarter and guidance, investors would focus through the noise around weak iPads, Macs, and FX and instead see iPhone units growing again, with Services back to steady double-digit growth. </p><p style=\"text-align: start;\">Finally, the &#34;iPhone China demise narrative&#34; was a great fictional story by the bears, which is far from reality as underlying mainland China&#39;s growth remains strong and a key asset for the core iPhone franchise. </p><p style=\"text-align: start;\">Ives cares about iPhone growth, Services revenue, gross margins, and China iPhone growth, which appears much better than feared, along with positive anecdotal commentary from Cook. </p><p style=\"text-align: start;\">Apple remains Ives&#39; top tech pick with a strong iPhone 15 upgrade cycle playing out into a strong holiday season, which appears to be a good start post-Black Friday weekend.</p><p style=\"text-align: start;\">Heading into 2024, Ives noted that the tech sector will likely accelerate spending around cloud and AI spending that the Street is significantly underestimating. </p><p style=\"text-align: start;\">Ives noted that the new tech bull market has begun, and tech stocks are likely for a strong 2024 with tech stocks we expect to be up 20%+ over the next year, led by Big Tech as the AI spending tidal wave hits the shores of the broader tech sector.</p></body></html>","source":"lsy1606299360108","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>Can Apple's iPhone 15 Spark a Tech Rally? Analyst Eyes China Growth</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\">\nCan Apple's iPhone 15 Spark a Tech Rally? Analyst Eyes China Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-05 15:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36073810/can-apples-iphone-15-spark-a-tech-rally-analyst-eyes-china-growth><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSWedbush's Ives highlights AI as a '1995 Moment' for tech, with cloud services leading the charge in consumer Internet impact.Apple remains top tech pick for Wedbush's Ives, expecting ...</p>\n\n<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36073810/can-apples-iphone-15-spark-a-tech-rally-analyst-eyes-china-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRWD":"CrowdStrike Holdings, Inc.","AAPL":"苹果","GOOG":"谷歌","AMZN":"亚马逊","ZS":"Zscaler Inc.","GOOGL":"谷歌A","MDB":"MongoDB Inc.","MSFT":"微软","PLTR":"Palantir Technologies Inc.","PANW":"Palo Alto Networks","META":"Meta Platforms, Inc."},"source_url":"https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36073810/can-apples-iphone-15-spark-a-tech-rally-analyst-eyes-china-growth","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131462273","content_text":"ZINGER KEY POINTSWedbush's Ives highlights AI as a '1995 Moment' for tech, with cloud services leading the charge in consumer Internet impact.Apple remains top tech pick for Wedbush's Ives, expecting strong iPhone 15 cycle and robust China growth to drive future success.Wedbush analyst Daniel Ives' favorite tech names remain Apple Inc, Microsoft Corp, Alphabet Inc, Google, Palo Alto Networks, Inc, Palantir Technologies Inc, Zscaler, Inc, CrowdStrike Holdings, Inc, and MongoDB, Inc. Ives noted that this is the most significant technology revolution in the last 30 years, with AI a \"1995 Moment,\" and the fundamental tech growth stories are now starting to see the derivatives of this AI Revolution into 2024. The impact of the AI cycle on consumer Internet will be massive, and it will start with the cloud service divisions, Amazon.Com Inc's AWS and Alphabet's GCP. AWS and GCP acquire AI-capable chips, build AI-capable service offerings, and sell those services into their installed bases. He continues to like Amazon, Alphabet, and Meta Platforms Inc as his favorite tech plays. Apple's narrative quickly changing. Once the dust cleared from Apple's quarter and guidance, investors would focus through the noise around weak iPads, Macs, and FX and instead see iPhone units growing again, with Services back to steady double-digit growth. Finally, the \"iPhone China demise narrative\" was a great fictional story by the bears, which is far from reality as underlying mainland China's growth remains strong and a key asset for the core iPhone franchise. Ives cares about iPhone growth, Services revenue, gross margins, and China iPhone growth, which appears much better than feared, along with positive anecdotal commentary from Cook. Apple remains Ives' top tech pick with a strong iPhone 15 upgrade cycle playing out into a strong holiday season, which appears to be a good start post-Black Friday weekend.Heading into 2024, Ives noted that the tech sector will likely accelerate spending around cloud and AI spending that the Street is significantly underestimating. Ives noted that the new tech bull market has begun, and tech stocks are likely for a strong 2024 with tech stocks we expect to be up 20%+ over the next year, led by Big Tech as the AI spending tidal wave hits the shores of the broader tech sector.","news_type":1},"isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":243522235539552,"gmtCreate":1700490692171,"gmtModify":1700490822333,"author":{"id":"4088928099406900","authorId":"4088928099406900","name":"TeslaBoy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088928099406900","authorIdStr":"4088928099406900"},"themes":[],"htmlText":"SeekingAlpha, don't put yourself down&nbsp;writing this article!😂What growth Ebay has? Mono, period!&nbsp;","listText":"SeekingAlpha, don't put yourself down&nbsp;writing this article!😂What growth Ebay has? Mono, period!&nbsp;","text":"SeekingAlpha, don't put yourself down writing this article!😂What growth Ebay has? Mono, period!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/243522235539552","repostId":"2384589323","repostType":2,"repost":{"id":"2384589323","pubTimestamp":1700488117,"share":"https://ttm.financial/m/news/2384589323?lang=&edition=fundamental","pubTime":"2023-11-20 21:48","market":"us","language":"en","title":"Alibaba: Don't Fall For This Trap","url":"https://stock-news.laohu8.com/highlight/detail?id=2384589323","media":"seekingalpha","summary":"Let's figure it out. Alibaba's Q2 Results Weren't That Bad Alibaba Group experienced a 9% stock drop after reporting its second-quarter results, which included revenue of RMB224.79 billion , growing 8.5% year-over-year but falling short of analysts' expectations. But non-GAAP earnings per American depositary share  increased by 21% to RMB15.63 , surpassing estimates. Seeking Alpha News Segment-wise, revenue for Taobao and Tmall Group reached RMB97.7 billion, up 4%, with adjusted EBITDA increasing by 3% to RMB47.1 billion. Alibaba International Digital Commerce Group reported revenue of RMB24.5 billion, a 53% increase, while Cainiao's total revenue grew by 25% to RMB22.8 billion. Local Services Group revenue rose by 16% to RMB15.6 billion. Cloud Intelligence Group generated revenue of RMB27.6 billion, a 2% increase, while its adjusted EBITDA increased by 44% to RMB1.4 billion. The Digital Media Entertainment group reported revenue of RMB5.8 billion, marking an 11% increase, with an impr","content":"<html><head></head><body><ul style=\"\"><li><p>Alibaba&#39;s Q2 results fell short of expectations, but non-GAAP earnings per ADS surpassed estimates.</p></li><li><p>The bullish catalyst, which was supposed to facilitate BABA’s business processes and enable the individual companies to grow faster under conditions of relative independence, has not materialized.</p></li><li><p>Alibaba&#39;s low valuation is mainly due to a lack of growth, making it less attractive compared to other companies in the same industry.</p></li><li><p>I still don&#39;t see the point of buying the Chinese giant for 7.57x FY2029 P/E to get a 6-year EPS CAGR of 4.1% when I can buy <a href=\"https://laohu8.com/S/EBAY\">eBay</a> for 6.64x and get a CAGR of 6.6%.</p></li><li><p>I do not recommend investors buy BABA shares, no matter how cheap and promising they may seem at first glance.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f805543ab3786cb8cb1d7d9034e0368\" tg-width=\"750\" tg-height=\"500\"/></p><p>Robert Way</p><h2 id=\"id_3023641657\">Introduction</h2><p>I&#39;ve been covering <strong>Alibaba Group Holding Limited</strong> (NYSE:BABA) here on Seeking Alpha since September 2021. I started with a &#39;Sell&#39; rating when Alibaba was trading at $150 per share and upgraded the stock to &#39;Hold&#39; in December 2021 when the shares started trading at $113. Since then, I&#39;ve not changed my rating, although BABA kept falling lower.</p><p>The last time I published my &#39;Hold&#39; article was at the end of August 2023: At that time, I noted that BABA&#39;s attractiveness for Western investors wasn&#39;t really changing from a fundamental perspective, despite the obvious undervaluation. As time has shown, that thesis was correct, as the already cheap Chinese tech giant became even cheaper.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b2f2064f6a0cfcde1d0e9ba1c35b075\" tg-width=\"640\" tg-height=\"323\"/></p><p>Seeking Alpha, author&#39;s notes</p><p>On November 16, 2023, Alibaba published its reports for Q2 FY2024, which had a strong negative impact not only on its own shares but also on the entire tech sector in China. What happened and is it really that bad? Maybe BABA has now become a &#39;bargain&#39;? Let&#39;s figure it out.</p><h2 id=\"id_2364546700\">Alibaba&#39;s Q2 Results Weren&#39;t That Bad</h2><p>Alibaba Group experienced a 9% stock drop after reporting its second-quarter results, which included revenue of RMB224.79 billion ($30.81 billion), growing 8.5% year-over-year but falling short of analysts&#39; expectations. But non-GAAP earnings per American depositary share (ADS) increased by 21% to RMB15.63 ($2.14), surpassing estimates.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abe690de6ca639b19d15e44fb7751e43\" tg-width=\"640\" tg-height=\"375\"/></p><p>Seeking Alpha News</p><p>Segment-wise, revenue for Taobao and Tmall Group reached RMB97.7 billion, up 4%, with adjusted EBITDA increasing by 3% to RMB47.1 billion. Alibaba International Digital Commerce Group reported revenue of RMB24.5 billion, a 53% increase, while Cainiao&#39;s total revenue grew by 25% to RMB22.8 billion. Local Services Group revenue rose by 16% to RMB15.6 billion.</p><p>Cloud Intelligence Group generated revenue of RMB27.6 billion, a 2% increase, while its adjusted EBITDA increased by 44% to RMB1.4 billion. The Digital Media Entertainment group reported revenue of RMB5.8 billion, marking an 11% increase, with an improved adjusted EBITDA loss of RMB201 million compared to RMB362 million. The All Other segment, including DingTalk and Intelligent Information Platform, reported stable revenue at RMB48.1 billion and an adjusted EBITDA loss of RMB1.4 billion compared to RMB2.9 billion in the same quarter last year, primarily due to improved operating results from various businesses within the segment.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f079d95db1bcd6936771edae5f66ad82\" tg-width=\"640\" tg-height=\"343\"/></p><p>BABA&#39;s IR materials [November 2023]</p><p>Cost trends, excluding share-based compensation (SBC), revealed a decrease in the cost of revenue ratio to 62%, stability in product development expenses (5%), sales and marketing expenses (11%), and a 1% decrease in general and administrative expenses (3%).</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/801092f739134e38068d82e084028aa1\" tg-width=\"640\" tg-height=\"330\"/></p><p>BABA&#39;s IR materials [November 2023]</p><p>The company repurchased ~$3 billion worth of shares from July 1 to November 15, accounting for 1.3% of total shares outstanding [~18.6 million ADSs]. Free cash flow for the quarter was RMB45.2 billion or $6.2 billion, reflecting a massive 27% increase YoY.</p><p>During the latest earnings call, the management emphasized 3 priorities for cash deployment in the upcoming quarter: innovation for growth, reducing total shares outstanding through accretive stock repurchases, and rewarding long-term investors via dividends. In addition to the existing $40 billion share repurchase program, Alibaba&#39;s board approved an annual cash dividend of US$0.125 per ordinary share or US$1.00 per ADS for fiscal year 2023, totaling ~$2.5 billion, with a payment date expected around January 11, 2024, for ordinary shareholders and January 18, 2024, for ADS holders.</p><p>As of September 30, 2023, Alibaba maintained a strong net cash position of RMB457.8 billion or $62.7 billion. At the same time, the company&#39;s current ratio is 1.94 and the debt-to-equity ratio is only 0.16, which is very low. So BABA&#39;s financial strength looks solid with such a low level of debt and good liquidity.</p><h2 id=\"id_1338785005\">But A New Catalyst Is Already A Thing Of The Past</h2><p>I remember a few months ago when the Alibaba bulls were trying to assess the positive impact of the proposed split of the company into different companies. At the time, many thought that BABA would unlock tremendous value for its shareholders if it split into 6 separate companies that would not interfere with each other&#39;s potential growth rate.</p><p>As time has shown, this catalyst was not to prove true: During the earnings call, management announced that Alibaba had decided not to pursue a full spin-off of the Cloud Intelligence Group due to uncertainties caused by US export restrictions on advanced computer chips. That was a surprise to the market - I think this is why the stock fell so sharply after the announcement.</p><p>The emphasis now is on investing in the core businesses, including Taobao and Tmall Group, for sustainable growth. Alibaba wants to increase its ROIC to double digits in the next few years, focusing on core businesses and ensuring non-core businesses become profitable, potentially monetizing certain investments to increase cash flow.</p><p>In my subjective opinion, BABA’s problem for a long time was precisely the lack of appropriate growth in the cloud segment. While Google (GOOG), Microsoft (MSFT), and Amazon (AMZN), to which BABA is often compared, continue to grow revenue in their cloud business segments at solid double-digit rates, Alibaba&#39;s Cloud is stagnating and losing more and more global market share. AI technologies are an excellent growth driver for this niche, but for some reason, BABA&#39;s cloud still refuses to grow even though we keep hearing about AI constantly.</p><p>From the last earnings call, I realized that <strong>Alibaba&#39;s future growth will be closely linked to &#39;Value&#39; segments whose growth will heavily depend on the macroeconomic conditions in China</strong> after the post-COVID low-base effect disappears, which has not yet fully materialized.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5ae8faa3881acff6c7b9e92ede4f2ed\" tg-width=\"640\" tg-height=\"455\"/></p><p>YCharts, author&#39;s notes</p><p>Goldman Sach notes in its October report [proprietary source], that slower growth, coupled with policy uncertainty and geopolitical risks, is lowering China&#39;s equity market fair value. However, the report suggests that while these factors are already priced in, investment opportunities lie more in alpha themes than broad market beta.</p><p>China&#39;s GDP will most likely stop growing as before. I assume that Alibaba&#39;s already high market penetration in various Chinese markets makes the company&#39;s growth more variable, which could justify its current low valuation.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ddee6c1ca09cb057d9f22c78e80fb06a\" tg-width=\"640\" tg-height=\"511\"/></p><p>Goldman Sachs [October 2023] - proprietary source</p><p>Yes, it is hard to believe that the current valuation of the company may be fair: BABA looks extremely undervalued with a P/E ratio for next year of ~8.8x and an EV/EBITDA of ~6.7x.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cb157da684786f7e6ee0470b55d84105\" tg-width=\"635\" tg-height=\"467\"/></p><p>Data by YCharts</p><p>I think we could easily see price increases of 10-20-30% against this backdrop. But most likely these potential &#39;rips&#39; will be used by hedge funds to exit their positions, as has happened many times before. But even now that there are no &#34;rips&#34; in the Chinese market, hedge funds continue to exit their positions.</p><blockquote><p>US and European fund managers have sold a net $1.6 billion of Chinese shares so far this month, following $3.5 billion of outflows in September, data from EPFR Global and Morgan Stanley show.</p><p>Source: Bloomberg [October 19, 2023]</p></blockquote><p>I suggest we return to the burning issue - Alibaba&#39;s low valuation. Let&#39;s think for a moment about what might explain BABA&#39;s current cheapness. You might think that BABA&#39;s P/E ratio is probably below 10x due to geopolitics and market overreaction. I will answer you that this is true to some extent, but mainly BABA is cheap because there is no growth (almost). If we take the long-term consensus estimates for earnings per share and the implied P/E ratios, we see that BABA is actually valued slightly higher than eBay (EBAY) today:</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7e2b3f55b77b3e323cd6e5ec8f19e32\" tg-width=\"640\" tg-height=\"385\"/></p><p>Author&#39;s calculations, Seeking Alpha data</p><p>By overpaying just 2x to BABA&#39;s long-term P/E ratio of BABA, you can buy <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> (MELI), whose EPS is estimated to grow more than 8 times faster over the same period (6 years). <em>Could anyone find &#39;fairness&#39; in the valuation of the two companies?</em></p><h2 id=\"id_4226314352\">The Bottom Line</h2><p>I understand that when comparing BABA with MELI, I&#39;m doing a little wrong by comparing companies with different business cycles. But I still don&#39;t see the point of buying the Chinese giant for 7.57x FY2029 P/E to get a 6-year EPS CAGR of 4.1% when I can buy eBay for 6.64x and get a CAGR of 6.6% (these 2 companies are roughly in the same business cycle).</p><p>The bullish catalyst, which was supposed to facilitate BABA’s business processes and enable the individual companies to grow faster under conditions of relative independence, has not materialized. Now I expect Alibaba to constrain itself and have relatively modest growth rates for which it makes no sense to overpay and take a big country risk when there are cheaper analogs in the U.S. (and even more so in emerging markets like Brazil).</p><p>Yes, Alibaba&#39;s financial position is very solid as the company continues to recover operationally and continues to buy shares from the market in large quantities. Therefore, I wouldn&#39;t be surprised if the company&#39;s shares suddenly rebound strongly. However, this potential recovery in stock price will likely provide an opportunity for the remaining investors to get out.</p><p>Based on the above, I do not recommend investors buy BABA shares, no matter how cheap and promising they may seem at first glance.</p><p><em>Thanks for reading!</em></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>Alibaba: Don't Fall For This Trap</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; 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}\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\">\nAlibaba: Don't Fall For This Trap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-20 21:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4653008-alibaba-dont-fall-for-this-trap><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba's Q2 results fell short of expectations, but non-GAAP earnings per ADS surpassed estimates.The bullish catalyst, which was supposed to facilitate BABA’s business processes and enable the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4653008-alibaba-dont-fall-for-this-trap\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4653008-alibaba-dont-fall-for-this-trap","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2384589323","content_text":"Alibaba's Q2 results fell short of expectations, but non-GAAP earnings per ADS surpassed estimates.The bullish catalyst, which was supposed to facilitate BABA’s business processes and enable the individual companies to grow faster under conditions of relative independence, has not materialized.Alibaba's low valuation is mainly due to a lack of growth, making it less attractive compared to other companies in the same industry.I still don't see the point of buying the Chinese giant for 7.57x FY2029 P/E to get a 6-year EPS CAGR of 4.1% when I can buy eBay for 6.64x and get a CAGR of 6.6%.I do not recommend investors buy BABA shares, no matter how cheap and promising they may seem at first glance.Robert WayIntroductionI've been covering Alibaba Group Holding Limited (NYSE:BABA) here on Seeking Alpha since September 2021. I started with a 'Sell' rating when Alibaba was trading at $150 per share and upgraded the stock to 'Hold' in December 2021 when the shares started trading at $113. Since then, I've not changed my rating, although BABA kept falling lower.The last time I published my 'Hold' article was at the end of August 2023: At that time, I noted that BABA's attractiveness for Western investors wasn't really changing from a fundamental perspective, despite the obvious undervaluation. As time has shown, that thesis was correct, as the already cheap Chinese tech giant became even cheaper.Seeking Alpha, author's notesOn November 16, 2023, Alibaba published its reports for Q2 FY2024, which had a strong negative impact not only on its own shares but also on the entire tech sector in China. What happened and is it really that bad? Maybe BABA has now become a 'bargain'? Let's figure it out.Alibaba's Q2 Results Weren't That BadAlibaba Group experienced a 9% stock drop after reporting its second-quarter results, which included revenue of RMB224.79 billion ($30.81 billion), growing 8.5% year-over-year but falling short of analysts' expectations. But non-GAAP earnings per American depositary share (ADS) increased by 21% to RMB15.63 ($2.14), surpassing estimates.Seeking Alpha NewsSegment-wise, revenue for Taobao and Tmall Group reached RMB97.7 billion, up 4%, with adjusted EBITDA increasing by 3% to RMB47.1 billion. Alibaba International Digital Commerce Group reported revenue of RMB24.5 billion, a 53% increase, while Cainiao's total revenue grew by 25% to RMB22.8 billion. Local Services Group revenue rose by 16% to RMB15.6 billion.Cloud Intelligence Group generated revenue of RMB27.6 billion, a 2% increase, while its adjusted EBITDA increased by 44% to RMB1.4 billion. The Digital Media Entertainment group reported revenue of RMB5.8 billion, marking an 11% increase, with an improved adjusted EBITDA loss of RMB201 million compared to RMB362 million. The All Other segment, including DingTalk and Intelligent Information Platform, reported stable revenue at RMB48.1 billion and an adjusted EBITDA loss of RMB1.4 billion compared to RMB2.9 billion in the same quarter last year, primarily due to improved operating results from various businesses within the segment.BABA's IR materials [November 2023]Cost trends, excluding share-based compensation (SBC), revealed a decrease in the cost of revenue ratio to 62%, stability in product development expenses (5%), sales and marketing expenses (11%), and a 1% decrease in general and administrative expenses (3%).BABA's IR materials [November 2023]The company repurchased ~$3 billion worth of shares from July 1 to November 15, accounting for 1.3% of total shares outstanding [~18.6 million ADSs]. Free cash flow for the quarter was RMB45.2 billion or $6.2 billion, reflecting a massive 27% increase YoY.During the latest earnings call, the management emphasized 3 priorities for cash deployment in the upcoming quarter: innovation for growth, reducing total shares outstanding through accretive stock repurchases, and rewarding long-term investors via dividends. In addition to the existing $40 billion share repurchase program, Alibaba's board approved an annual cash dividend of US$0.125 per ordinary share or US$1.00 per ADS for fiscal year 2023, totaling ~$2.5 billion, with a payment date expected around January 11, 2024, for ordinary shareholders and January 18, 2024, for ADS holders.As of September 30, 2023, Alibaba maintained a strong net cash position of RMB457.8 billion or $62.7 billion. At the same time, the company's current ratio is 1.94 and the debt-to-equity ratio is only 0.16, which is very low. So BABA's financial strength looks solid with such a low level of debt and good liquidity.But A New Catalyst Is Already A Thing Of The PastI remember a few months ago when the Alibaba bulls were trying to assess the positive impact of the proposed split of the company into different companies. At the time, many thought that BABA would unlock tremendous value for its shareholders if it split into 6 separate companies that would not interfere with each other's potential growth rate.As time has shown, this catalyst was not to prove true: During the earnings call, management announced that Alibaba had decided not to pursue a full spin-off of the Cloud Intelligence Group due to uncertainties caused by US export restrictions on advanced computer chips. That was a surprise to the market - I think this is why the stock fell so sharply after the announcement.The emphasis now is on investing in the core businesses, including Taobao and Tmall Group, for sustainable growth. Alibaba wants to increase its ROIC to double digits in the next few years, focusing on core businesses and ensuring non-core businesses become profitable, potentially monetizing certain investments to increase cash flow.In my subjective opinion, BABA’s problem for a long time was precisely the lack of appropriate growth in the cloud segment. While Google (GOOG), Microsoft (MSFT), and Amazon (AMZN), to which BABA is often compared, continue to grow revenue in their cloud business segments at solid double-digit rates, Alibaba's Cloud is stagnating and losing more and more global market share. AI technologies are an excellent growth driver for this niche, but for some reason, BABA's cloud still refuses to grow even though we keep hearing about AI constantly.From the last earnings call, I realized that Alibaba's future growth will be closely linked to 'Value' segments whose growth will heavily depend on the macroeconomic conditions in China after the post-COVID low-base effect disappears, which has not yet fully materialized.YCharts, author's notesGoldman Sach notes in its October report [proprietary source], that slower growth, coupled with policy uncertainty and geopolitical risks, is lowering China's equity market fair value. However, the report suggests that while these factors are already priced in, investment opportunities lie more in alpha themes than broad market beta.China's GDP will most likely stop growing as before. I assume that Alibaba's already high market penetration in various Chinese markets makes the company's growth more variable, which could justify its current low valuation.Goldman Sachs [October 2023] - proprietary sourceYes, it is hard to believe that the current valuation of the company may be fair: BABA looks extremely undervalued with a P/E ratio for next year of ~8.8x and an EV/EBITDA of ~6.7x.Data by YChartsI think we could easily see price increases of 10-20-30% against this backdrop. But most likely these potential 'rips' will be used by hedge funds to exit their positions, as has happened many times before. But even now that there are no \"rips\" in the Chinese market, hedge funds continue to exit their positions.US and European fund managers have sold a net $1.6 billion of Chinese shares so far this month, following $3.5 billion of outflows in September, data from EPFR Global and Morgan Stanley show.Source: Bloomberg [October 19, 2023]I suggest we return to the burning issue - Alibaba's low valuation. Let's think for a moment about what might explain BABA's current cheapness. You might think that BABA's P/E ratio is probably below 10x due to geopolitics and market overreaction. I will answer you that this is true to some extent, but mainly BABA is cheap because there is no growth (almost). If we take the long-term consensus estimates for earnings per share and the implied P/E ratios, we see that BABA is actually valued slightly higher than eBay (EBAY) today:Author's calculations, Seeking Alpha dataBy overpaying just 2x to BABA's long-term P/E ratio of BABA, you can buy MercadoLibre (MELI), whose EPS is estimated to grow more than 8 times faster over the same period (6 years). Could anyone find 'fairness' in the valuation of the two companies?The Bottom LineI understand that when comparing BABA with MELI, I'm doing a little wrong by comparing companies with different business cycles. But I still don't see the point of buying the Chinese giant for 7.57x FY2029 P/E to get a 6-year EPS CAGR of 4.1% when I can buy eBay for 6.64x and get a CAGR of 6.6% (these 2 companies are roughly in the same business cycle).The bullish catalyst, which was supposed to facilitate BABA’s business processes and enable the individual companies to grow faster under conditions of relative independence, has not materialized. Now I expect Alibaba to constrain itself and have relatively modest growth rates for which it makes no sense to overpay and take a big country risk when there are cheaper analogs in the U.S. (and even more so in emerging markets like Brazil).Yes, Alibaba's financial position is very solid as the company continues to recover operationally and continues to buy shares from the market in large quantities. Therefore, I wouldn't be surprised if the company's shares suddenly rebound strongly. However, this potential recovery in stock price will likely provide an opportunity for the remaining investors to get out.Based on the above, I do not recommend investors buy BABA shares, no matter how cheap and promising they may seem at first glance.Thanks for reading!","news_type":1},"isVote":1,"tweetType":1,"viewCount":265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":309716079456376,"gmtCreate":1716618868535,"gmtModify":1716619241512,"author":{"id":"4088928099406900","authorId":"4088928099406900","name":"TeslaBoy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088928099406900","authorIdStr":"4088928099406900"},"themes":[],"htmlText":"At current valuation, Nvidia is at optimum risk! Competitors will catch up really soon.&nbsp;","listText":"At current valuation, Nvidia is at optimum risk! Competitors will catch up really soon.&nbsp;","text":"At current valuation, Nvidia is at optimum risk! Competitors will catch up really soon.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/309716079456376","repostId":"2438065998","repostType":2,"repost":{"id":"2438065998","pubTimestamp":1716597000,"share":"https://ttm.financial/m/news/2438065998?lang=&edition=fundamental","pubTime":"2024-05-25 08:30","market":"us","language":"en","title":"Nvidia: Profit Explosion And Stock Split Are Game-Changers","url":"https://stock-news.laohu8.com/highlight/detail?id=2438065998","media":"Seeking Alpha","summary":"Nvidia's stock surged 9% after strong Q1 earnings, driven by record revenues and profits in its Data Center business.The company announced a ten-for-one stock split to make shares more affordable for ","content":"<html><head></head><body><ul style=\"\"><li><p>Nvidia&#39;s stock surged 9% after strong Q1 earnings, driven by record revenues and profits in its Data Center business.</p></li><li><p>The company announced a ten-for-one stock split to make shares more affordable for investors.</p></li><li><p>Nvidia&#39;s strong growth is fueled by product adoption of its AI GPUs in the Data Center segment. Nvidia is likely to see significant EPS estimate upside revisions going forward.</p></li><li><p>Shares trade at 30X earnings which seems much less expensive after the company&#39;s net income rose 628% Y/Y.</p></li><li><p>Nvidia&#39;s significant free cash flow/earnings upswing, a strong margin profile, a stock split and an enviable market position in Data Center GPUs are reasons why I am changing my rating to buy.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6144f6f01bec9d39bca22c82ac595a7e\" alt=\"BING-JHEN HONG\" title=\"BING-JHEN HONG\" tg-width=\"750\" tg-height=\"500\"/><span>BING-JHEN HONG</span></p><p>Shares of Nvidia (NASDAQ:NVDA) surged 9% after the chipmaker submitted its earnings sheet for its first fiscal quarter of FY 2025 on Wednesday. The company is seeing strong chip adoption in its Data Center business, which led to record segment revenues, record total revenues and an explosion in profits for Nvidia. Data Center-related revenues now represent 87% of consolidated revenues, and the company issued a strong outlook for the coming quarter as well. Given the massive increase in the company’s valuation in the last year, Nvidia now also announced a ten-for-one stock split to make shares more affordable for investors. I believe the value proposition has improved greatly, and I am up-grading shares of Nvidia to buy!</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0e67ec90ffc4b62e7169874abe6c147a\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"424\"/><span>Data by YCharts</span></p><h2 id=\"id_1852762567\">Previous rating</h2><p>Nvidia is, and has been for a while, my biggest regret in the investment realm. I rated Nvidia a strong sell for much of 2023 due to valuation concerns, but slowly came around in the last quarter due to Nvidia’s strong margin picture and Data Center growth: Lessons Learned From My Worst Call Ever. I am now up-grading shares of the chipmaker to buy due to the company’s profit explosion, driven by its Data Center business, which could also lead to a number of EPS estimate upside revisions in the near term. The ten-for-one stock split could also attract more buyers to Nvidia as shares become more affordable for investors.</p><h2 id=\"id_3293729479\">Nvidia leaves estimates in the dust</h2><p>Nvidia delivered a solid earnings and top line beat for its latest quarter: the chipmaker achieved adjusted earnings of $6.12 per-share on revenues of 26.04B. Earnings beat the consensus by $0.54 per-share, due to Nvidia benefiting enormously from growing product adoption of its AI GPUs in the Data Center segment. Revenues also came in higher than expected, and together with a solid forecast for FQ2’25, explain why shares reached a new all-time high on Thursday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e2629d3af67333b0efc47f54f802a4cb\" alt=\"Seeking Alpha\" title=\"Seeking Alpha\" tg-width=\"640\" tg-height=\"257\"/><span>Seeking Alpha</span></p><h2 id=\"id_2516211838\">Data Centers are now dominating Nvidia’s revenue mix</h2><p>Nvidia’s total revenues hit $26.0B in FQ1’25, showing a massive 18% quarter over quarter and 262% year over year growth. This expansion in the top line has been chiefly driven by strong execution in the Data Center segment, which reached all-time record revenues of $22.6B last quarter, showing 427% year over year growth. Key to Nvidia’s growth is strong product adoption of its AI GPUs, which are specifically designed to support Data Center operations. One key driver of growth going forward could be close relationships with other U.S. companies that are investing heavily into their own AI capabilities, in part to train their own large language models.</p><p>Nvidia is deepening relationships with Microsoft, Oracle, Amazon Web Services and Google, which are investing billions of dollars into their own artificial intelligence products. Nvidia’s core AI GPU, the H100 tensor core GPU, is flying out the door at the moment and the company’s launch of the next-gen H200 GPU, a top-of-the-line chip to support AI applications, could extend Nvidia’s current momentum way into the second half of the year.</p><p>Nvidia&#39;s AI GPUs have been so successful that Data Centers are now completely dominating Nvidia&#39;s revenue mix. The Data Center segment was responsible for 87% of the company&#39;s consolidated revenues, which compares to a revenue share of 60% last year. The revenue base more than quintupled year over year due to sky-high demand for new AI processors that can be used to train large language models.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3a4fb97e54e19329fae8b676c6c4322d\" alt=\"Nvidia\" title=\"Nvidia\" tg-width=\"640\" tg-height=\"298\"/><span>Nvidia</span></p><p>Nvidia&#39;s revenue upswing has a number of catalysts including the launch of the next-gen H200 (FQ2&#39;25), reinvestment of Nvidia&#39;s surging free cash flow into new products such as Nvidia&#39;s Blackwell platform to support AI applications, and, possibly, at some point the return of this free cash flow via stock buybacks to shareholders. In FQ1&#39;25, Nvidia generated nearly $15B in free cash flow, of which approximately 52% was returned to shareholders via stock buybacks (a total of $7.74B).</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/68dbfdd76ef07335529cf008b0a8b95b\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"439\"/><span>Data by YCharts</span></p><h2 id=\"id_2967473601\">Strong outlook for FQ2&#39;25</h2><p>Nvidia is guiding for $28.0B in revenues in FQ2’25 (+/- 2%) which implies 7.5% quarter over quarter growth while at the same time the chipmaker is looking at a non-GAAP gross margin of 74.8%, +/- 50 basis points. The margin picture continues to look very solid, with Nvidia reporting a Q/Q increase in its GAAP gross margin of 2.4 PP last quarter. The expansion in the gross margin and healthy uptrend is another reason why I am changing my rating for Nvidia from hold to buy.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e4aebe623334c0ffaa077b571824bf4c\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"424\"/><span>Data by YCharts</span></p><h2 id=\"id_444258430\">Nvidia’s valuation, EPS upside revisions</h2><p>Nvidia is not cheap and hasn’t been for a while. In fact, focusing too much on valuation caused me to miss out on Nvidia’s share price rally, which I regret dearly. However, with Nvidia seeing a significant profit explosion in FQ1&#39;25, driven by Data Centers, Nvidia’s shares may not be as expensive as I once thought. Given Nvidia&#39;s strong performance in FQ1&#39;25, investors can reasonably expect an avalanche of EPS estimate upside revisions for Nvidia&#39;s coming second fiscal quarter.</p><p>Nvidia is currently trading at a price-to-earnings ratio of 29.8X, which is not as excessive as I used to think. The reason: Nvidia’s net income soared 628% in the last quarter to $14.9B… which means that Nvidia is now more profitable than Amazon or <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> (META). Nvidia is more expensive than AMD (AMD), which is trading at a P/E ratio of 28.9X, but not by a lot and Nvidia still has a comparatively strong competitive position in the Data Center AI GPU market due to the early launch of the H100 Data Center chip.</p><p>At the end of FY 2023, Nvidia dominated the Data Center GPU market with a 92% market share, but this strong position may erode over time as AMD and Intel (INTC) roll out at scale their own artificial intelligence products. Still, Nvidia is currently in a very enviable position, as it can charge its customers a ton of money for its flagship AI GPUs.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/01cf204a914b89118ec7df150be5f080\" alt=\"IoT Analytics\" title=\"IoT Analytics\" tg-width=\"640\" tg-height=\"336\"/><span>IoT Analytics</span></p><p>Nvidia&#39;s H100 is still very expensive with a price tag of around $40,000. It is also up to four times more expensive than AMD&#39;s MI300X Data Center GPU, meaning Nvidia may at some point see deteriorating pricing power for its top-of-the-line AI GPU, especially if more customers choose the lower-price AMD GPU over Nvidia&#39;s solution. AMD, in my opinion, has a reasonable chance to see stronger EPS growth going forward because it is finally in the market with a competitive AI GPU offer. AMD has trailed Nvidia in the last two years in terms of Data Center GPUs, but with the availability of AMD&#39;s MI300X GPU, for which there seems to be record demand, I believe the situation could be slowly improving for AMD. One reason for this is that the MI300X GPU is much more affordable than Nvidia&#39;s H100 chip which could, in the longer term, help AMD achieve market share gains and post stronger EPS growth than Nvidia.</p><p>AMD, as an example, is expected to see strong sales for its MI300X and the market even expects AMD to exceed Nvidia&#39;s EPS growth. Nvidia, given its massive increase in profitability and continual momentum in Data Center revenues, has further revaluation potential, in my opinion. With Nvidia experiencing a big jump in profitability and free cash flow looking extremely strong, I believe shares could trade at 35X earnings... which implies ~20% upside revaluation potential and a potential fair value in the region of $1,220.</p><p>The 35X earnings multiple is chiefly supported by Nvidia&#39;s drastically improved profitability picture and very high gross margins, and is based off of a consensus EPS forecast of $34.81 for FY 2025. The EPS estimate also implies only about 29% year over year growth and with earnings projections likely to get revised to the upside in the coming weeks, I believe my $1,220 price target may actually be conservative.</p><p>EPS estimates for the upcoming quarter have already revised 36 times to the upside in the last 90 days, as analysts see Nvidia&#39;s earnings momentum to continue in the short term. My price target is a dynamic number and may be revised upward based off of the significance of EPS revisions as well as Nvidia&#39;s margin improvements going forward.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bd7de7744b00814ea1323a5997fdf345\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"559\"/><span>Data by YCharts</span></p><h2 id=\"id_3561789180\">Risks with Nvidia</h2><p>The biggest risk for Nvidia, as I see it, is a potential deceleration of growth in the Data Center segment, to which investors are likely not going to react kindly. Other chipmakers are also starting to pump out their own AI products, which could indicate weakening pricing power for Nvidia&#39;s blockbuster AI GPU. Intel just announced the launch of Gaudi 3, an AI accelerator targeting the lucrative enterprise market, while AMD rolled out its MI300 Instinct chips to mount a frontal assault on the dominant market position of Nvidia’s H100 chip. If Intel and AMD were to see market share gains in the AI GPU market, then shares of Nvidia’s valuation factor may suffer headwinds.</p><h2 id=\"id_1853331776\">Final thoughts</h2><p>Nvidia continued to excel in the first fiscal quarter of FY 2025 and the stock split especially is a smart move for the company to make its shares more affordable for investors. The ten-for-one stock split is a cosmetic maneuver, of course, but it could prove successful nonetheless: a lower share price could make Nvidia more attractive to investors that have been put off by Nvidia’s $1,000 price tag. The revenue and margin outlook for FQ2’25 is also positive and with the H200 AI GPU set to provide further fuel in the Data Center business in the second-quarter, I believe Nvidia makes a much better value proposition!</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>Nvidia: Profit Explosion And Stock Split Are Game-Changers</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; 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}\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\">\nNvidia: Profit Explosion And Stock Split Are Game-Changers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-25 08:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4695544-nvidia-profit-explosion-and-stock-split-are-game-changers-rating-upgrade><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia's stock surged 9% after strong Q1 earnings, driven by record revenues and profits in its Data Center business.The company announced a ten-for-one stock split to make shares more affordable for ...</p>\n\n<a href=\"https://seekingalpha.com/article/4695544-nvidia-profit-explosion-and-stock-split-are-game-changers-rating-upgrade\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","BK4515":"5G概念","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4567":"ESG概念","LU0238689110.USD":"贝莱德环球动力股票基金","BK4575":"芯片概念","BK4566":"资本集团","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0072462426.USD":"贝莱德全球配置 A2","BK4587":"ChatGPT概念","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4579":"人工智能","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4588":"碎股","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4077":"互动媒体与服务","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4503":"景林资产持仓","NVDA":"英伟达","BK4573":"虚拟现实","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","BK4581":"高盛持仓","BK4512":"苹果概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK6051":"信息科技咨询与其它服务","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD"},"source_url":"https://seekingalpha.com/article/4695544-nvidia-profit-explosion-and-stock-split-are-game-changers-rating-upgrade","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2438065998","content_text":"Nvidia's stock surged 9% after strong Q1 earnings, driven by record revenues and profits in its Data Center business.The company announced a ten-for-one stock split to make shares more affordable for investors.Nvidia's strong growth is fueled by product adoption of its AI GPUs in the Data Center segment. Nvidia is likely to see significant EPS estimate upside revisions going forward.Shares trade at 30X earnings which seems much less expensive after the company's net income rose 628% Y/Y.Nvidia's significant free cash flow/earnings upswing, a strong margin profile, a stock split and an enviable market position in Data Center GPUs are reasons why I am changing my rating to buy.BING-JHEN HONGShares of Nvidia (NASDAQ:NVDA) surged 9% after the chipmaker submitted its earnings sheet for its first fiscal quarter of FY 2025 on Wednesday. The company is seeing strong chip adoption in its Data Center business, which led to record segment revenues, record total revenues and an explosion in profits for Nvidia. Data Center-related revenues now represent 87% of consolidated revenues, and the company issued a strong outlook for the coming quarter as well. Given the massive increase in the company’s valuation in the last year, Nvidia now also announced a ten-for-one stock split to make shares more affordable for investors. I believe the value proposition has improved greatly, and I am up-grading shares of Nvidia to buy!Data by YChartsPrevious ratingNvidia is, and has been for a while, my biggest regret in the investment realm. I rated Nvidia a strong sell for much of 2023 due to valuation concerns, but slowly came around in the last quarter due to Nvidia’s strong margin picture and Data Center growth: Lessons Learned From My Worst Call Ever. I am now up-grading shares of the chipmaker to buy due to the company’s profit explosion, driven by its Data Center business, which could also lead to a number of EPS estimate upside revisions in the near term. The ten-for-one stock split could also attract more buyers to Nvidia as shares become more affordable for investors.Nvidia leaves estimates in the dustNvidia delivered a solid earnings and top line beat for its latest quarter: the chipmaker achieved adjusted earnings of $6.12 per-share on revenues of 26.04B. Earnings beat the consensus by $0.54 per-share, due to Nvidia benefiting enormously from growing product adoption of its AI GPUs in the Data Center segment. Revenues also came in higher than expected, and together with a solid forecast for FQ2’25, explain why shares reached a new all-time high on Thursday.Seeking AlphaData Centers are now dominating Nvidia’s revenue mixNvidia’s total revenues hit $26.0B in FQ1’25, showing a massive 18% quarter over quarter and 262% year over year growth. This expansion in the top line has been chiefly driven by strong execution in the Data Center segment, which reached all-time record revenues of $22.6B last quarter, showing 427% year over year growth. Key to Nvidia’s growth is strong product adoption of its AI GPUs, which are specifically designed to support Data Center operations. One key driver of growth going forward could be close relationships with other U.S. companies that are investing heavily into their own AI capabilities, in part to train their own large language models.Nvidia is deepening relationships with Microsoft, Oracle, Amazon Web Services and Google, which are investing billions of dollars into their own artificial intelligence products. Nvidia’s core AI GPU, the H100 tensor core GPU, is flying out the door at the moment and the company’s launch of the next-gen H200 GPU, a top-of-the-line chip to support AI applications, could extend Nvidia’s current momentum way into the second half of the year.Nvidia's AI GPUs have been so successful that Data Centers are now completely dominating Nvidia's revenue mix. The Data Center segment was responsible for 87% of the company's consolidated revenues, which compares to a revenue share of 60% last year. The revenue base more than quintupled year over year due to sky-high demand for new AI processors that can be used to train large language models.NvidiaNvidia's revenue upswing has a number of catalysts including the launch of the next-gen H200 (FQ2'25), reinvestment of Nvidia's surging free cash flow into new products such as Nvidia's Blackwell platform to support AI applications, and, possibly, at some point the return of this free cash flow via stock buybacks to shareholders. In FQ1'25, Nvidia generated nearly $15B in free cash flow, of which approximately 52% was returned to shareholders via stock buybacks (a total of $7.74B).Data by YChartsStrong outlook for FQ2'25Nvidia is guiding for $28.0B in revenues in FQ2’25 (+/- 2%) which implies 7.5% quarter over quarter growth while at the same time the chipmaker is looking at a non-GAAP gross margin of 74.8%, +/- 50 basis points. The margin picture continues to look very solid, with Nvidia reporting a Q/Q increase in its GAAP gross margin of 2.4 PP last quarter. The expansion in the gross margin and healthy uptrend is another reason why I am changing my rating for Nvidia from hold to buy.Data by YChartsNvidia’s valuation, EPS upside revisionsNvidia is not cheap and hasn’t been for a while. In fact, focusing too much on valuation caused me to miss out on Nvidia’s share price rally, which I regret dearly. However, with Nvidia seeing a significant profit explosion in FQ1'25, driven by Data Centers, Nvidia’s shares may not be as expensive as I once thought. Given Nvidia's strong performance in FQ1'25, investors can reasonably expect an avalanche of EPS estimate upside revisions for Nvidia's coming second fiscal quarter.Nvidia is currently trading at a price-to-earnings ratio of 29.8X, which is not as excessive as I used to think. The reason: Nvidia’s net income soared 628% in the last quarter to $14.9B… which means that Nvidia is now more profitable than Amazon or Meta Platforms (META). Nvidia is more expensive than AMD (AMD), which is trading at a P/E ratio of 28.9X, but not by a lot and Nvidia still has a comparatively strong competitive position in the Data Center AI GPU market due to the early launch of the H100 Data Center chip.At the end of FY 2023, Nvidia dominated the Data Center GPU market with a 92% market share, but this strong position may erode over time as AMD and Intel (INTC) roll out at scale their own artificial intelligence products. Still, Nvidia is currently in a very enviable position, as it can charge its customers a ton of money for its flagship AI GPUs.IoT AnalyticsNvidia's H100 is still very expensive with a price tag of around $40,000. It is also up to four times more expensive than AMD's MI300X Data Center GPU, meaning Nvidia may at some point see deteriorating pricing power for its top-of-the-line AI GPU, especially if more customers choose the lower-price AMD GPU over Nvidia's solution. AMD, in my opinion, has a reasonable chance to see stronger EPS growth going forward because it is finally in the market with a competitive AI GPU offer. AMD has trailed Nvidia in the last two years in terms of Data Center GPUs, but with the availability of AMD's MI300X GPU, for which there seems to be record demand, I believe the situation could be slowly improving for AMD. One reason for this is that the MI300X GPU is much more affordable than Nvidia's H100 chip which could, in the longer term, help AMD achieve market share gains and post stronger EPS growth than Nvidia.AMD, as an example, is expected to see strong sales for its MI300X and the market even expects AMD to exceed Nvidia's EPS growth. Nvidia, given its massive increase in profitability and continual momentum in Data Center revenues, has further revaluation potential, in my opinion. With Nvidia experiencing a big jump in profitability and free cash flow looking extremely strong, I believe shares could trade at 35X earnings... which implies ~20% upside revaluation potential and a potential fair value in the region of $1,220.The 35X earnings multiple is chiefly supported by Nvidia's drastically improved profitability picture and very high gross margins, and is based off of a consensus EPS forecast of $34.81 for FY 2025. The EPS estimate also implies only about 29% year over year growth and with earnings projections likely to get revised to the upside in the coming weeks, I believe my $1,220 price target may actually be conservative.EPS estimates for the upcoming quarter have already revised 36 times to the upside in the last 90 days, as analysts see Nvidia's earnings momentum to continue in the short term. My price target is a dynamic number and may be revised upward based off of the significance of EPS revisions as well as Nvidia's margin improvements going forward.Data by YChartsRisks with NvidiaThe biggest risk for Nvidia, as I see it, is a potential deceleration of growth in the Data Center segment, to which investors are likely not going to react kindly. Other chipmakers are also starting to pump out their own AI products, which could indicate weakening pricing power for Nvidia's blockbuster AI GPU. Intel just announced the launch of Gaudi 3, an AI accelerator targeting the lucrative enterprise market, while AMD rolled out its MI300 Instinct chips to mount a frontal assault on the dominant market position of Nvidia’s H100 chip. If Intel and AMD were to see market share gains in the AI GPU market, then shares of Nvidia’s valuation factor may suffer headwinds.Final thoughtsNvidia continued to excel in the first fiscal quarter of FY 2025 and the stock split especially is a smart move for the company to make its shares more affordable for investors. The ten-for-one stock split is a cosmetic maneuver, of course, but it could prove successful nonetheless: a lower share price could make Nvidia more attractive to investors that have been put off by Nvidia’s $1,000 price tag. The revenue and margin outlook for FQ2’25 is also positive and with the H200 AI GPU set to provide further fuel in the Data Center business in the second-quarter, I believe Nvidia makes a much better value proposition!","news_type":1},"isVote":1,"tweetType":1,"viewCount":269,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":243522235539552,"gmtCreate":1700490692171,"gmtModify":1700490822333,"author":{"id":"4088928099406900","authorId":"4088928099406900","name":"TeslaBoy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088928099406900","authorIdStr":"4088928099406900"},"themes":[],"htmlText":"SeekingAlpha, don't put yourself down&nbsp;writing this article!😂What growth Ebay has? Mono, period!&nbsp;","listText":"SeekingAlpha, don't put yourself down&nbsp;writing this article!😂What growth Ebay has? Mono, period!&nbsp;","text":"SeekingAlpha, don't put yourself down writing this article!😂What growth Ebay has? Mono, period!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/243522235539552","repostId":"2384589323","repostType":2,"repost":{"id":"2384589323","pubTimestamp":1700488117,"share":"https://ttm.financial/m/news/2384589323?lang=&edition=fundamental","pubTime":"2023-11-20 21:48","market":"us","language":"en","title":"Alibaba: Don't Fall For This Trap","url":"https://stock-news.laohu8.com/highlight/detail?id=2384589323","media":"seekingalpha","summary":"Let's figure it out. Alibaba's Q2 Results Weren't That Bad Alibaba Group experienced a 9% stock drop after reporting its second-quarter results, which included revenue of RMB224.79 billion , growing 8.5% year-over-year but falling short of analysts' expectations. But non-GAAP earnings per American depositary share  increased by 21% to RMB15.63 , surpassing estimates. Seeking Alpha News Segment-wise, revenue for Taobao and Tmall Group reached RMB97.7 billion, up 4%, with adjusted EBITDA increasing by 3% to RMB47.1 billion. Alibaba International Digital Commerce Group reported revenue of RMB24.5 billion, a 53% increase, while Cainiao's total revenue grew by 25% to RMB22.8 billion. Local Services Group revenue rose by 16% to RMB15.6 billion. Cloud Intelligence Group generated revenue of RMB27.6 billion, a 2% increase, while its adjusted EBITDA increased by 44% to RMB1.4 billion. The Digital Media Entertainment group reported revenue of RMB5.8 billion, marking an 11% increase, with an impr","content":"<html><head></head><body><ul style=\"\"><li><p>Alibaba&#39;s Q2 results fell short of expectations, but non-GAAP earnings per ADS surpassed estimates.</p></li><li><p>The bullish catalyst, which was supposed to facilitate BABA’s business processes and enable the individual companies to grow faster under conditions of relative independence, has not materialized.</p></li><li><p>Alibaba&#39;s low valuation is mainly due to a lack of growth, making it less attractive compared to other companies in the same industry.</p></li><li><p>I still don&#39;t see the point of buying the Chinese giant for 7.57x FY2029 P/E to get a 6-year EPS CAGR of 4.1% when I can buy <a href=\"https://laohu8.com/S/EBAY\">eBay</a> for 6.64x and get a CAGR of 6.6%.</p></li><li><p>I do not recommend investors buy BABA shares, no matter how cheap and promising they may seem at first glance.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f805543ab3786cb8cb1d7d9034e0368\" tg-width=\"750\" tg-height=\"500\"/></p><p>Robert Way</p><h2 id=\"id_3023641657\">Introduction</h2><p>I&#39;ve been covering <strong>Alibaba Group Holding Limited</strong> (NYSE:BABA) here on Seeking Alpha since September 2021. I started with a &#39;Sell&#39; rating when Alibaba was trading at $150 per share and upgraded the stock to &#39;Hold&#39; in December 2021 when the shares started trading at $113. Since then, I&#39;ve not changed my rating, although BABA kept falling lower.</p><p>The last time I published my &#39;Hold&#39; article was at the end of August 2023: At that time, I noted that BABA&#39;s attractiveness for Western investors wasn&#39;t really changing from a fundamental perspective, despite the obvious undervaluation. As time has shown, that thesis was correct, as the already cheap Chinese tech giant became even cheaper.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b2f2064f6a0cfcde1d0e9ba1c35b075\" tg-width=\"640\" tg-height=\"323\"/></p><p>Seeking Alpha, author&#39;s notes</p><p>On November 16, 2023, Alibaba published its reports for Q2 FY2024, which had a strong negative impact not only on its own shares but also on the entire tech sector in China. What happened and is it really that bad? Maybe BABA has now become a &#39;bargain&#39;? Let&#39;s figure it out.</p><h2 id=\"id_2364546700\">Alibaba&#39;s Q2 Results Weren&#39;t That Bad</h2><p>Alibaba Group experienced a 9% stock drop after reporting its second-quarter results, which included revenue of RMB224.79 billion ($30.81 billion), growing 8.5% year-over-year but falling short of analysts&#39; expectations. But non-GAAP earnings per American depositary share (ADS) increased by 21% to RMB15.63 ($2.14), surpassing estimates.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abe690de6ca639b19d15e44fb7751e43\" tg-width=\"640\" tg-height=\"375\"/></p><p>Seeking Alpha News</p><p>Segment-wise, revenue for Taobao and Tmall Group reached RMB97.7 billion, up 4%, with adjusted EBITDA increasing by 3% to RMB47.1 billion. Alibaba International Digital Commerce Group reported revenue of RMB24.5 billion, a 53% increase, while Cainiao&#39;s total revenue grew by 25% to RMB22.8 billion. Local Services Group revenue rose by 16% to RMB15.6 billion.</p><p>Cloud Intelligence Group generated revenue of RMB27.6 billion, a 2% increase, while its adjusted EBITDA increased by 44% to RMB1.4 billion. The Digital Media Entertainment group reported revenue of RMB5.8 billion, marking an 11% increase, with an improved adjusted EBITDA loss of RMB201 million compared to RMB362 million. The All Other segment, including DingTalk and Intelligent Information Platform, reported stable revenue at RMB48.1 billion and an adjusted EBITDA loss of RMB1.4 billion compared to RMB2.9 billion in the same quarter last year, primarily due to improved operating results from various businesses within the segment.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f079d95db1bcd6936771edae5f66ad82\" tg-width=\"640\" tg-height=\"343\"/></p><p>BABA&#39;s IR materials [November 2023]</p><p>Cost trends, excluding share-based compensation (SBC), revealed a decrease in the cost of revenue ratio to 62%, stability in product development expenses (5%), sales and marketing expenses (11%), and a 1% decrease in general and administrative expenses (3%).</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/801092f739134e38068d82e084028aa1\" tg-width=\"640\" tg-height=\"330\"/></p><p>BABA&#39;s IR materials [November 2023]</p><p>The company repurchased ~$3 billion worth of shares from July 1 to November 15, accounting for 1.3% of total shares outstanding [~18.6 million ADSs]. Free cash flow for the quarter was RMB45.2 billion or $6.2 billion, reflecting a massive 27% increase YoY.</p><p>During the latest earnings call, the management emphasized 3 priorities for cash deployment in the upcoming quarter: innovation for growth, reducing total shares outstanding through accretive stock repurchases, and rewarding long-term investors via dividends. In addition to the existing $40 billion share repurchase program, Alibaba&#39;s board approved an annual cash dividend of US$0.125 per ordinary share or US$1.00 per ADS for fiscal year 2023, totaling ~$2.5 billion, with a payment date expected around January 11, 2024, for ordinary shareholders and January 18, 2024, for ADS holders.</p><p>As of September 30, 2023, Alibaba maintained a strong net cash position of RMB457.8 billion or $62.7 billion. At the same time, the company&#39;s current ratio is 1.94 and the debt-to-equity ratio is only 0.16, which is very low. So BABA&#39;s financial strength looks solid with such a low level of debt and good liquidity.</p><h2 id=\"id_1338785005\">But A New Catalyst Is Already A Thing Of The Past</h2><p>I remember a few months ago when the Alibaba bulls were trying to assess the positive impact of the proposed split of the company into different companies. At the time, many thought that BABA would unlock tremendous value for its shareholders if it split into 6 separate companies that would not interfere with each other&#39;s potential growth rate.</p><p>As time has shown, this catalyst was not to prove true: During the earnings call, management announced that Alibaba had decided not to pursue a full spin-off of the Cloud Intelligence Group due to uncertainties caused by US export restrictions on advanced computer chips. That was a surprise to the market - I think this is why the stock fell so sharply after the announcement.</p><p>The emphasis now is on investing in the core businesses, including Taobao and Tmall Group, for sustainable growth. Alibaba wants to increase its ROIC to double digits in the next few years, focusing on core businesses and ensuring non-core businesses become profitable, potentially monetizing certain investments to increase cash flow.</p><p>In my subjective opinion, BABA’s problem for a long time was precisely the lack of appropriate growth in the cloud segment. While Google (GOOG), Microsoft (MSFT), and Amazon (AMZN), to which BABA is often compared, continue to grow revenue in their cloud business segments at solid double-digit rates, Alibaba&#39;s Cloud is stagnating and losing more and more global market share. AI technologies are an excellent growth driver for this niche, but for some reason, BABA&#39;s cloud still refuses to grow even though we keep hearing about AI constantly.</p><p>From the last earnings call, I realized that <strong>Alibaba&#39;s future growth will be closely linked to &#39;Value&#39; segments whose growth will heavily depend on the macroeconomic conditions in China</strong> after the post-COVID low-base effect disappears, which has not yet fully materialized.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5ae8faa3881acff6c7b9e92ede4f2ed\" tg-width=\"640\" tg-height=\"455\"/></p><p>YCharts, author&#39;s notes</p><p>Goldman Sach notes in its October report [proprietary source], that slower growth, coupled with policy uncertainty and geopolitical risks, is lowering China&#39;s equity market fair value. However, the report suggests that while these factors are already priced in, investment opportunities lie more in alpha themes than broad market beta.</p><p>China&#39;s GDP will most likely stop growing as before. I assume that Alibaba&#39;s already high market penetration in various Chinese markets makes the company&#39;s growth more variable, which could justify its current low valuation.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ddee6c1ca09cb057d9f22c78e80fb06a\" tg-width=\"640\" tg-height=\"511\"/></p><p>Goldman Sachs [October 2023] - proprietary source</p><p>Yes, it is hard to believe that the current valuation of the company may be fair: BABA looks extremely undervalued with a P/E ratio for next year of ~8.8x and an EV/EBITDA of ~6.7x.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cb157da684786f7e6ee0470b55d84105\" tg-width=\"635\" tg-height=\"467\"/></p><p>Data by YCharts</p><p>I think we could easily see price increases of 10-20-30% against this backdrop. But most likely these potential &#39;rips&#39; will be used by hedge funds to exit their positions, as has happened many times before. But even now that there are no &#34;rips&#34; in the Chinese market, hedge funds continue to exit their positions.</p><blockquote><p>US and European fund managers have sold a net $1.6 billion of Chinese shares so far this month, following $3.5 billion of outflows in September, data from EPFR Global and Morgan Stanley show.</p><p>Source: Bloomberg [October 19, 2023]</p></blockquote><p>I suggest we return to the burning issue - Alibaba&#39;s low valuation. Let&#39;s think for a moment about what might explain BABA&#39;s current cheapness. You might think that BABA&#39;s P/E ratio is probably below 10x due to geopolitics and market overreaction. I will answer you that this is true to some extent, but mainly BABA is cheap because there is no growth (almost). If we take the long-term consensus estimates for earnings per share and the implied P/E ratios, we see that BABA is actually valued slightly higher than eBay (EBAY) today:</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7e2b3f55b77b3e323cd6e5ec8f19e32\" tg-width=\"640\" tg-height=\"385\"/></p><p>Author&#39;s calculations, Seeking Alpha data</p><p>By overpaying just 2x to BABA&#39;s long-term P/E ratio of BABA, you can buy <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> (MELI), whose EPS is estimated to grow more than 8 times faster over the same period (6 years). <em>Could anyone find &#39;fairness&#39; in the valuation of the two companies?</em></p><h2 id=\"id_4226314352\">The Bottom Line</h2><p>I understand that when comparing BABA with MELI, I&#39;m doing a little wrong by comparing companies with different business cycles. But I still don&#39;t see the point of buying the Chinese giant for 7.57x FY2029 P/E to get a 6-year EPS CAGR of 4.1% when I can buy eBay for 6.64x and get a CAGR of 6.6% (these 2 companies are roughly in the same business cycle).</p><p>The bullish catalyst, which was supposed to facilitate BABA’s business processes and enable the individual companies to grow faster under conditions of relative independence, has not materialized. Now I expect Alibaba to constrain itself and have relatively modest growth rates for which it makes no sense to overpay and take a big country risk when there are cheaper analogs in the U.S. (and even more so in emerging markets like Brazil).</p><p>Yes, Alibaba&#39;s financial position is very solid as the company continues to recover operationally and continues to buy shares from the market in large quantities. Therefore, I wouldn&#39;t be surprised if the company&#39;s shares suddenly rebound strongly. However, this potential recovery in stock price will likely provide an opportunity for the remaining investors to get out.</p><p>Based on the above, I do not recommend investors buy BABA shares, no matter how cheap and promising they may seem at first glance.</p><p><em>Thanks for reading!</em></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>Alibaba: Don't Fall For This Trap</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; 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}\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\">\nAlibaba: Don't Fall For This Trap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-20 21:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4653008-alibaba-dont-fall-for-this-trap><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba's Q2 results fell short of expectations, but non-GAAP earnings per ADS surpassed estimates.The bullish catalyst, which was supposed to facilitate BABA’s business processes and enable the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4653008-alibaba-dont-fall-for-this-trap\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4653008-alibaba-dont-fall-for-this-trap","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2384589323","content_text":"Alibaba's Q2 results fell short of expectations, but non-GAAP earnings per ADS surpassed estimates.The bullish catalyst, which was supposed to facilitate BABA’s business processes and enable the individual companies to grow faster under conditions of relative independence, has not materialized.Alibaba's low valuation is mainly due to a lack of growth, making it less attractive compared to other companies in the same industry.I still don't see the point of buying the Chinese giant for 7.57x FY2029 P/E to get a 6-year EPS CAGR of 4.1% when I can buy eBay for 6.64x and get a CAGR of 6.6%.I do not recommend investors buy BABA shares, no matter how cheap and promising they may seem at first glance.Robert WayIntroductionI've been covering Alibaba Group Holding Limited (NYSE:BABA) here on Seeking Alpha since September 2021. I started with a 'Sell' rating when Alibaba was trading at $150 per share and upgraded the stock to 'Hold' in December 2021 when the shares started trading at $113. Since then, I've not changed my rating, although BABA kept falling lower.The last time I published my 'Hold' article was at the end of August 2023: At that time, I noted that BABA's attractiveness for Western investors wasn't really changing from a fundamental perspective, despite the obvious undervaluation. As time has shown, that thesis was correct, as the already cheap Chinese tech giant became even cheaper.Seeking Alpha, author's notesOn November 16, 2023, Alibaba published its reports for Q2 FY2024, which had a strong negative impact not only on its own shares but also on the entire tech sector in China. What happened and is it really that bad? Maybe BABA has now become a 'bargain'? Let's figure it out.Alibaba's Q2 Results Weren't That BadAlibaba Group experienced a 9% stock drop after reporting its second-quarter results, which included revenue of RMB224.79 billion ($30.81 billion), growing 8.5% year-over-year but falling short of analysts' expectations. But non-GAAP earnings per American depositary share (ADS) increased by 21% to RMB15.63 ($2.14), surpassing estimates.Seeking Alpha NewsSegment-wise, revenue for Taobao and Tmall Group reached RMB97.7 billion, up 4%, with adjusted EBITDA increasing by 3% to RMB47.1 billion. Alibaba International Digital Commerce Group reported revenue of RMB24.5 billion, a 53% increase, while Cainiao's total revenue grew by 25% to RMB22.8 billion. Local Services Group revenue rose by 16% to RMB15.6 billion.Cloud Intelligence Group generated revenue of RMB27.6 billion, a 2% increase, while its adjusted EBITDA increased by 44% to RMB1.4 billion. The Digital Media Entertainment group reported revenue of RMB5.8 billion, marking an 11% increase, with an improved adjusted EBITDA loss of RMB201 million compared to RMB362 million. The All Other segment, including DingTalk and Intelligent Information Platform, reported stable revenue at RMB48.1 billion and an adjusted EBITDA loss of RMB1.4 billion compared to RMB2.9 billion in the same quarter last year, primarily due to improved operating results from various businesses within the segment.BABA's IR materials [November 2023]Cost trends, excluding share-based compensation (SBC), revealed a decrease in the cost of revenue ratio to 62%, stability in product development expenses (5%), sales and marketing expenses (11%), and a 1% decrease in general and administrative expenses (3%).BABA's IR materials [November 2023]The company repurchased ~$3 billion worth of shares from July 1 to November 15, accounting for 1.3% of total shares outstanding [~18.6 million ADSs]. Free cash flow for the quarter was RMB45.2 billion or $6.2 billion, reflecting a massive 27% increase YoY.During the latest earnings call, the management emphasized 3 priorities for cash deployment in the upcoming quarter: innovation for growth, reducing total shares outstanding through accretive stock repurchases, and rewarding long-term investors via dividends. In addition to the existing $40 billion share repurchase program, Alibaba's board approved an annual cash dividend of US$0.125 per ordinary share or US$1.00 per ADS for fiscal year 2023, totaling ~$2.5 billion, with a payment date expected around January 11, 2024, for ordinary shareholders and January 18, 2024, for ADS holders.As of September 30, 2023, Alibaba maintained a strong net cash position of RMB457.8 billion or $62.7 billion. At the same time, the company's current ratio is 1.94 and the debt-to-equity ratio is only 0.16, which is very low. So BABA's financial strength looks solid with such a low level of debt and good liquidity.But A New Catalyst Is Already A Thing Of The PastI remember a few months ago when the Alibaba bulls were trying to assess the positive impact of the proposed split of the company into different companies. At the time, many thought that BABA would unlock tremendous value for its shareholders if it split into 6 separate companies that would not interfere with each other's potential growth rate.As time has shown, this catalyst was not to prove true: During the earnings call, management announced that Alibaba had decided not to pursue a full spin-off of the Cloud Intelligence Group due to uncertainties caused by US export restrictions on advanced computer chips. That was a surprise to the market - I think this is why the stock fell so sharply after the announcement.The emphasis now is on investing in the core businesses, including Taobao and Tmall Group, for sustainable growth. Alibaba wants to increase its ROIC to double digits in the next few years, focusing on core businesses and ensuring non-core businesses become profitable, potentially monetizing certain investments to increase cash flow.In my subjective opinion, BABA’s problem for a long time was precisely the lack of appropriate growth in the cloud segment. While Google (GOOG), Microsoft (MSFT), and Amazon (AMZN), to which BABA is often compared, continue to grow revenue in their cloud business segments at solid double-digit rates, Alibaba's Cloud is stagnating and losing more and more global market share. AI technologies are an excellent growth driver for this niche, but for some reason, BABA's cloud still refuses to grow even though we keep hearing about AI constantly.From the last earnings call, I realized that Alibaba's future growth will be closely linked to 'Value' segments whose growth will heavily depend on the macroeconomic conditions in China after the post-COVID low-base effect disappears, which has not yet fully materialized.YCharts, author's notesGoldman Sach notes in its October report [proprietary source], that slower growth, coupled with policy uncertainty and geopolitical risks, is lowering China's equity market fair value. However, the report suggests that while these factors are already priced in, investment opportunities lie more in alpha themes than broad market beta.China's GDP will most likely stop growing as before. I assume that Alibaba's already high market penetration in various Chinese markets makes the company's growth more variable, which could justify its current low valuation.Goldman Sachs [October 2023] - proprietary sourceYes, it is hard to believe that the current valuation of the company may be fair: BABA looks extremely undervalued with a P/E ratio for next year of ~8.8x and an EV/EBITDA of ~6.7x.Data by YChartsI think we could easily see price increases of 10-20-30% against this backdrop. But most likely these potential 'rips' will be used by hedge funds to exit their positions, as has happened many times before. But even now that there are no \"rips\" in the Chinese market, hedge funds continue to exit their positions.US and European fund managers have sold a net $1.6 billion of Chinese shares so far this month, following $3.5 billion of outflows in September, data from EPFR Global and Morgan Stanley show.Source: Bloomberg [October 19, 2023]I suggest we return to the burning issue - Alibaba's low valuation. Let's think for a moment about what might explain BABA's current cheapness. You might think that BABA's P/E ratio is probably below 10x due to geopolitics and market overreaction. I will answer you that this is true to some extent, but mainly BABA is cheap because there is no growth (almost). If we take the long-term consensus estimates for earnings per share and the implied P/E ratios, we see that BABA is actually valued slightly higher than eBay (EBAY) today:Author's calculations, Seeking Alpha dataBy overpaying just 2x to BABA's long-term P/E ratio of BABA, you can buy MercadoLibre (MELI), whose EPS is estimated to grow more than 8 times faster over the same period (6 years). Could anyone find 'fairness' in the valuation of the two companies?The Bottom LineI understand that when comparing BABA with MELI, I'm doing a little wrong by comparing companies with different business cycles. But I still don't see the point of buying the Chinese giant for 7.57x FY2029 P/E to get a 6-year EPS CAGR of 4.1% when I can buy eBay for 6.64x and get a CAGR of 6.6% (these 2 companies are roughly in the same business cycle).The bullish catalyst, which was supposed to facilitate BABA’s business processes and enable the individual companies to grow faster under conditions of relative independence, has not materialized. Now I expect Alibaba to constrain itself and have relatively modest growth rates for which it makes no sense to overpay and take a big country risk when there are cheaper analogs in the U.S. (and even more so in emerging markets like Brazil).Yes, Alibaba's financial position is very solid as the company continues to recover operationally and continues to buy shares from the market in large quantities. Therefore, I wouldn't be surprised if the company's shares suddenly rebound strongly. However, this potential recovery in stock price will likely provide an opportunity for the remaining investors to get out.Based on the above, I do not recommend investors buy BABA shares, no matter how cheap and promising they may seem at first glance.Thanks for reading!","news_type":1},"isVote":1,"tweetType":1,"viewCount":265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350779786858656,"gmtCreate":1726644654764,"gmtModify":1726646218024,"author":{"id":"4088928099406900","authorId":"4088928099406900","name":"TeslaBoy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088928099406900","authorIdStr":"4088928099406900"},"themes":[],"htmlText":"Who cares? Is he bringing his money with him&nbsp;to heaven ?😄","listText":"Who cares? Is he bringing his money with him&nbsp;to heaven ?😄","text":"Who cares? Is he bringing his money with him to heaven ?😄","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350779786858656","repostId":"1191591104","repostType":2,"repost":{"id":"1191591104","pubTimestamp":1726641553,"share":"https://ttm.financial/m/news/1191591104?lang=&edition=fundamental","pubTime":"2024-09-18 14:39","market":"us","language":"en","title":"Billionaire Hedge Fund Manager Says He Would Pull His Money from the Market If Harris Wins Election","url":"https://stock-news.laohu8.com/highlight/detail?id=1191591104","media":"Fox Business","summary":"Hedge fund billionaire and major Trump fundraiser John Paulson said Tuesday he will pull his money out of the market if Vice President Harris wins the presidential election this fall, saying the Democ","content":"<html><head></head><body><p>Hedge fund billionaire and major Trump fundraiser John Paulson said Tuesday he will pull his money out of the market if Vice President Harris wins the presidential election this fall, saying the Democrat nominee&#39;s economic policies would spook investors.</p><p>The Paulson &amp; Co. founder, known for his lucrative bet against the subprime mortgage in 2007, appeared on FOX Business&#39; &#34;The Claman Countdown,&#34; where host Liz Claman asked him what he sees as the next big bet similar to that.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/26217d693544662a8757fbe76f185dba\" alt=\"Hedge fund manager John Paulson (Spencer Platt/Getty Images)\" title=\"Hedge fund manager John Paulson (Spencer Platt/Getty Images)\" tg-width=\"931\" tg-height=\"523\"/><span>Hedge fund manager John Paulson (Spencer Platt/Getty Images)</span></p><p>&#34;Well, I would say it very much depends on who&#39;s in the White House and who controls Congress,&#34; Paulson replied. &#34;I&#39;d be very concerned if Harris is elected and pursues the tax plans and other economic plans that she articulated.&#34;</p><p>Paulson said during the interview that former President Trump and Harris&#39; plans for the economy are very different, noting that Trump wants to extend the 2017 tax cuts implemented during his term in office while Harris wants to let them expire.</p><p>He also noted that Harris has proposed raising the corporate tax rate from 21% to 28% and wants to raise the capital gains rate from 20% to 28%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a723aa42a1f9edac3d9c30a6f56c2a60\" alt=\"Republican presidential nominee former President Trump arrives for a campaign event at the Central Wisconsin Airport on Sept. 7, 2024, in Mosinee, Wisconsin. (Scott Olson/Getty Images)\" title=\"Republican presidential nominee former President Trump arrives for a campaign event at the Central Wisconsin Airport on Sept. 7, 2024, in Mosinee, Wisconsin. (Scott Olson/Getty Images)\" tg-width=\"931\" tg-height=\"523\"/><span>Republican presidential nominee former President Trump arrives for a campaign event at the Central Wisconsin Airport on Sept. 7, 2024, in Mosinee, Wisconsin. (Scott Olson/Getty Images)</span></p><p>The billionaire pointed to Harris&#39; proposed 25% tax on unrealized gains for individuals making $100 million or more, and he predicted that, if implemented, it &#34;would cause mass selling of almost everything – stocks, bonds, homes, art – I think it would result in a crash in the markets and an immediate, pretty quick recession.&#34;</p><p>Claman went on to note that some people who were concerned about the policies of previous presidents, namely Barack Obama, Trump and Joe Biden, pulled their money out of the markets when they were elected, and the move turned out to be a big mistake as the markets continued to perform well.</p><p>But Paulson has said that market timing and investor timing will really matter depending on who is president, and Claman asked him if he is ready to take that chance.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/218fff4868171aaa606369d587ac33b6\" alt=\"Democrat presidential nominee Vice President Harris speaks during a campaign event on Sept. 2, 2024, in Pittsburgh. (Michael M. Santiago/Getty Images)\" title=\"Democrat presidential nominee Vice President Harris speaks during a campaign event on Sept. 2, 2024, in Pittsburgh. (Michael M. Santiago/Getty Images)\" tg-width=\"931\" tg-height=\"523\"/><span>Democrat presidential nominee Vice President Harris speaks during a campaign event on Sept. 2, 2024, in Pittsburgh. (Michael M. Santiago/Getty Images)</span></p><p>&#34;It depends on the policy,&#34; Paulson said. &#34;I think if Harris was elected, I would pull my money from the market. I&#39;d go into cash, and I&#39;d go into gold because I think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the markets and likely lower markets.&#34;</p><p>When pressed by Claman, Paulson reiterated that he would sell the liquid equities that he owns if Harris wins the White House.</p></body></html>","source":"lsy1602566126337","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>Billionaire Hedge Fund Manager Says He Would Pull His Money from the Market If Harris Wins Election</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; 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}\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\">\nBillionaire Hedge Fund Manager Says He Would Pull His Money from the Market If Harris Wins Election\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-18 14:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/billionaire-hedge-fund-manager-says-he-would-pull-his-money-from-market-harris-wins-election><strong>Fox Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hedge fund billionaire and major Trump fundraiser John Paulson said Tuesday he will pull his money out of the market if Vice President Harris wins the presidential election this fall, saying the ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/billionaire-hedge-fund-manager-says-he-would-pull-his-money-from-market-harris-wins-election\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/billionaire-hedge-fund-manager-says-he-would-pull-his-money-from-market-harris-wins-election","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191591104","content_text":"Hedge fund billionaire and major Trump fundraiser John Paulson said Tuesday he will pull his money out of the market if Vice President Harris wins the presidential election this fall, saying the Democrat nominee's economic policies would spook investors.The Paulson & Co. founder, known for his lucrative bet against the subprime mortgage in 2007, appeared on FOX Business' \"The Claman Countdown,\" where host Liz Claman asked him what he sees as the next big bet similar to that.Hedge fund manager John Paulson (Spencer Platt/Getty Images)\"Well, I would say it very much depends on who's in the White House and who controls Congress,\" Paulson replied. \"I'd be very concerned if Harris is elected and pursues the tax plans and other economic plans that she articulated.\"Paulson said during the interview that former President Trump and Harris' plans for the economy are very different, noting that Trump wants to extend the 2017 tax cuts implemented during his term in office while Harris wants to let them expire.He also noted that Harris has proposed raising the corporate tax rate from 21% to 28% and wants to raise the capital gains rate from 20% to 28%.Republican presidential nominee former President Trump arrives for a campaign event at the Central Wisconsin Airport on Sept. 7, 2024, in Mosinee, Wisconsin. (Scott Olson/Getty Images)The billionaire pointed to Harris' proposed 25% tax on unrealized gains for individuals making $100 million or more, and he predicted that, if implemented, it \"would cause mass selling of almost everything – stocks, bonds, homes, art – I think it would result in a crash in the markets and an immediate, pretty quick recession.\"Claman went on to note that some people who were concerned about the policies of previous presidents, namely Barack Obama, Trump and Joe Biden, pulled their money out of the markets when they were elected, and the move turned out to be a big mistake as the markets continued to perform well.But Paulson has said that market timing and investor timing will really matter depending on who is president, and Claman asked him if he is ready to take that chance.Democrat presidential nominee Vice President Harris speaks during a campaign event on Sept. 2, 2024, in Pittsburgh. (Michael M. Santiago/Getty Images)\"It depends on the policy,\" Paulson said. \"I think if Harris was elected, I would pull my money from the market. I'd go into cash, and I'd go into gold because I think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the markets and likely lower markets.\"When pressed by Claman, Paulson reiterated that he would sell the liquid equities that he owns if Harris wins the White House.","news_type":1},"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":248726804230256,"gmtCreate":1701762239394,"gmtModify":1701763190384,"author":{"id":"4088928099406900","authorId":"4088928099406900","name":"TeslaBoy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088928099406900","authorIdStr":"4088928099406900"},"themes":[],"htmlText":"Apple is dead.&nbsp;","listText":"Apple is dead.&nbsp;","text":"Apple is dead.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248726804230256","repostId":"1131462273","repostType":2,"repost":{"id":"1131462273","pubTimestamp":1701760332,"share":"https://ttm.financial/m/news/1131462273?lang=&edition=fundamental","pubTime":"2023-12-05 15:12","market":"us","language":"en","title":"Can Apple's iPhone 15 Spark a Tech Rally? Analyst Eyes China Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1131462273","media":"Benzinga","summary":"ZINGER KEY POINTSWedbush's Ives highlights AI as a '1995 Moment' for tech, with cloud services leading the charge in consumer Internet impact.Apple remains top tech pick for Wedbush's Ives, expecting ","content":"<html><head></head><body><h4 id=\"id_522864863\" style=\"text-align: start;\">ZINGER KEY POINTS</h4><ul style=\"list-style-type: disc;\"><li><p><strong>Wedbush&#39;s Ives highlights AI as a &#39;1995 Moment&#39; for tech, with cloud services leading the charge in consumer Internet impact.</strong></p></li><li><p><strong>Apple remains top tech pick for Wedbush&#39;s Ives, expecting strong iPhone 15 cycle and robust China growth to drive future success.</strong></p></li></ul><p><strong>Wedbush </strong>analyst Daniel Ives&#39; favorite tech names remain <strong>Apple Inc</strong>, <strong>Microsoft Corp</strong>, <strong>Alphabet Inc</strong>, <strong>Google</strong>, <strong>Palo Alto Networks, Inc</strong>, <strong>Palantir Technologies Inc</strong>, <strong>Zscaler, Inc</strong>, <strong>CrowdStrike Holdings, Inc</strong>, and <strong>MongoDB, Inc</strong>. </p><p style=\"text-align: start;\">Ives noted that this is the most significant technology revolution in the last 30 years, with AI a &#34;1995 Moment,&#34; and the fundamental tech growth stories are now starting to see the derivatives of this AI Revolution into 2024. </p><p style=\"text-align: start;\">The impact of the AI cycle on consumer Internet will be massive, and it will start with the cloud service divisions, <strong>Amazon.Com Inc&#39;s</strong> AWS and Alphabet&#39;s GCP. </p><p style=\"text-align: start;\">AWS and GCP acquire AI-capable chips, build AI-capable service offerings, and sell those services into their installed bases. He continues to like Amazon, Alphabet, and <strong>Meta Platforms Inc</strong> as his favorite tech plays. </p><p style=\"text-align: start;\">Apple&#39;s narrative quickly changing. Once the dust cleared from Apple&#39;s quarter and guidance, investors would focus through the noise around weak iPads, Macs, and FX and instead see iPhone units growing again, with Services back to steady double-digit growth. </p><p style=\"text-align: start;\">Finally, the &#34;iPhone China demise narrative&#34; was a great fictional story by the bears, which is far from reality as underlying mainland China&#39;s growth remains strong and a key asset for the core iPhone franchise. </p><p style=\"text-align: start;\">Ives cares about iPhone growth, Services revenue, gross margins, and China iPhone growth, which appears much better than feared, along with positive anecdotal commentary from Cook. </p><p style=\"text-align: start;\">Apple remains Ives&#39; top tech pick with a strong iPhone 15 upgrade cycle playing out into a strong holiday season, which appears to be a good start post-Black Friday weekend.</p><p style=\"text-align: start;\">Heading into 2024, Ives noted that the tech sector will likely accelerate spending around cloud and AI spending that the Street is significantly underestimating. </p><p style=\"text-align: start;\">Ives noted that the new tech bull market has begun, and tech stocks are likely for a strong 2024 with tech stocks we expect to be up 20%+ over the next year, led by Big Tech as the AI spending tidal wave hits the shores of the broader tech sector.</p></body></html>","source":"lsy1606299360108","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>Can Apple's iPhone 15 Spark a Tech Rally? Analyst Eyes China Growth</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\">\nCan Apple's iPhone 15 Spark a Tech Rally? Analyst Eyes China Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-05 15:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36073810/can-apples-iphone-15-spark-a-tech-rally-analyst-eyes-china-growth><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSWedbush's Ives highlights AI as a '1995 Moment' for tech, with cloud services leading the charge in consumer Internet impact.Apple remains top tech pick for Wedbush's Ives, expecting ...</p>\n\n<a href=\"https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36073810/can-apples-iphone-15-spark-a-tech-rally-analyst-eyes-china-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRWD":"CrowdStrike Holdings, Inc.","AAPL":"苹果","GOOG":"谷歌","AMZN":"亚马逊","ZS":"Zscaler Inc.","GOOGL":"谷歌A","MDB":"MongoDB Inc.","MSFT":"微软","PLTR":"Palantir Technologies Inc.","PANW":"Palo Alto Networks","META":"Meta Platforms, Inc."},"source_url":"https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36073810/can-apples-iphone-15-spark-a-tech-rally-analyst-eyes-china-growth","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131462273","content_text":"ZINGER KEY POINTSWedbush's Ives highlights AI as a '1995 Moment' for tech, with cloud services leading the charge in consumer Internet impact.Apple remains top tech pick for Wedbush's Ives, expecting strong iPhone 15 cycle and robust China growth to drive future success.Wedbush analyst Daniel Ives' favorite tech names remain Apple Inc, Microsoft Corp, Alphabet Inc, Google, Palo Alto Networks, Inc, Palantir Technologies Inc, Zscaler, Inc, CrowdStrike Holdings, Inc, and MongoDB, Inc. Ives noted that this is the most significant technology revolution in the last 30 years, with AI a \"1995 Moment,\" and the fundamental tech growth stories are now starting to see the derivatives of this AI Revolution into 2024. The impact of the AI cycle on consumer Internet will be massive, and it will start with the cloud service divisions, Amazon.Com Inc's AWS and Alphabet's GCP. AWS and GCP acquire AI-capable chips, build AI-capable service offerings, and sell those services into their installed bases. He continues to like Amazon, Alphabet, and Meta Platforms Inc as his favorite tech plays. Apple's narrative quickly changing. Once the dust cleared from Apple's quarter and guidance, investors would focus through the noise around weak iPads, Macs, and FX and instead see iPhone units growing again, with Services back to steady double-digit growth. Finally, the \"iPhone China demise narrative\" was a great fictional story by the bears, which is far from reality as underlying mainland China's growth remains strong and a key asset for the core iPhone franchise. Ives cares about iPhone growth, Services revenue, gross margins, and China iPhone growth, which appears much better than feared, along with positive anecdotal commentary from Cook. Apple remains Ives' top tech pick with a strong iPhone 15 upgrade cycle playing out into a strong holiday season, which appears to be a good start post-Black Friday weekend.Heading into 2024, Ives noted that the tech sector will likely accelerate spending around cloud and AI spending that the Street is significantly underestimating. Ives noted that the new tech bull market has begun, and tech stocks are likely for a strong 2024 with tech stocks we expect to be up 20%+ over the next year, led by Big Tech as the AI spending tidal wave hits the shores of the broader tech sector.","news_type":1},"isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}