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03-28

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Why Microsoft's Cybersecurity Business Is A Key Growth Story To Watch

03-28

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Thus, I reiterate a &#34;Hold&#34; rating on Microsoft shares.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/209ed34ff91c8bb8ea65687eb180858a\" tg-width=\"750\" tg-height=\"563\"/></p><p>FinkAvenu</p><p>On March 13rd, Microsoft Corporation announced that its Copilot for Security tool will become widely available to customers starting April 1, featuring new enhancements. The Copilot for Security enables cybersecurity experts to leverage generative artificial intelligence for various tasks, including incident summaries, vulnerability assessments, and data sharing. In that context, Microsoft highlighted the addition of several new functionalities to the tool, such as tailored promptbooks, support for multiple languages, integration with third-party services, as well as detailed usage reports.</p><p>I take Microsoft&#39;s Copilot announcement as a prompt to conduct a deep dive into Microsoft&#39;s enormous cybersecurity business, which I believe holds vast, arguably underappreciated, potential for MSFT investors long term. Moreover, as the cybersecurity industry continues to evolve and gain importance, the industry is set for accelerating commercial momentum in 2024. In fact, according to various CIO surveys, IT budgets are set to expand in 2024, and within IT, the demand for cybersecurity is anticipated to outpace the broader software spent. On that note, I argue that a 20-25% YoY top line growth for Microsoft&#39;s cybersecurity business may be reasonable in CY 2024.</p><p>For context, Microsoft stock has notably outperformed the broad equities market YTD. Since the start of the year, MSFT shares are up about 11%, compared to a gain of approximately 8% for the S&amp;P 500 (SP500).</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/05f76dce873eeee3cb4cbcacabc5093d\" tg-width=\"640\" tg-height=\"234\"/></p><p>Seeking Alpha</p><h2 id=\"id_667030412\">Microsoft&#39;s Cybersecurity Business Is Very Big...</h2><p>Microsoft&#39;s cybersecurity business is very big. In fact, Microsoft is the world&#39;s leading cybersecurity franchise by revenue. In CY 2023, Microsoft disclosed that the group&#39;s revenue from cybersecurity verticals topped $20 billion. This figure has likely grown to around $25 billion in CY 2024, extrapolating a 25% YoY industry growth as suggested by peers.</p><p>Furthermore, the figure is expected to jump to above $30 billion by CY 2025, assuming the cybersecurity growth momentum is expected to continue. Modelling Microsoft&#39;s cybersecurity growth back to CY 2020, based on company disclosures, it is noteworthy to point out a ~40% CAGR from 2020 through CY 2024 (expected), compared to a ~15% CAGR for the broader group.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/71720cafb6e8298da72ae381c96f4e6a\" tg-width=\"640\" tg-height=\"340\"/></p><p>Microsoft disclosures; Cavenagh Research estimates</p><h2 id=\"id_3913866348\">...With Attractive Whitespace For Further Growth</h2><p>From a more structural growth perspective, investors should consider that the cybersecurity market continues to expand attractively. In fact, Gartner projected that the Total Addressable Market, or TAM, for the cybersecurity industry topped $188 billion in 2023, growing about 13% YoY. Moreover, greater than double-digit YoY growth rates are expected to persist through the next 5 years, as cybersecurity is projected to claim an increasingly larger share of overall IT spending.</p><p>There are quite a few factors driving this, including increasing digital importance for both businesses and individuals, the rise of cloud computing, increasing quantity and sophistication of cyber attacks, as well as regulatory requirements in order to protect trade secrets. On that note, I&#39;d like to highlight Microsoft&#39;s dominance in the market as a SaaS cybersecurity platform vendor. With a proven history of capturing market share across various essential cybersecurity sectors, Microsoft is solidifying its position as a &#34;one-stop shop&#34; for digital protection. Moreover, Microsoft&#39;s rising strength with some of the company&#39;s newer components like identity protection and cloud workload security further underscore the company&#39;s standing in the cybersecurity landscape.</p><p>There are quite a few notable arguments why Microsoft is taking share in the cyber security market, and Microsoft may significantly outgrow the broader market backdrop, potentially capturing a 20% CAGR over the next 5 years. First of all, I point out that Microsoft has an enormous customer base in the enterprise market, having penetrated a vast installed base across various products, operating systems, productivity tools, and cloud services. This broad reach allows Microsoft to integrate its security solutions seamlessly across multiple platforms, making it easier for businesses to adopt and implement Microsoft&#39;s security measures.</p><p>Secondly, and this is related to the first argument, Microsoft&#39;s security solutions are tightly integrated with its product portfolio such as Windows, Office 365, and Azure. This not only improves customer experience through sourcing cybersecurity protection as an add-on directly from the product vendor, but also strengthens Microsoft competitive edge vs. cybersecurity peers, because Microsoft&#39;s deep understanding of the product/ customer data to improves the R&amp;D for cybersecurity product development.</p><p>Thirdly, Microsoft&#39;s broad leadership in working with and developing AI catalyses spill over benefits to the company&#39;s cybersecurity offering, as the technology is able to detect, analyze, and respond to threats more effectively. Lastly, Microsoft offers a comprehensive cybersecurity portfolio, offering a wide range of security solutions covering identity, security and access management, as well as threat and information protection. This making Microsoft a one-stop cybersecurity shop for many organizations.</p><p>Taking (i) access management, (ii) endpoint security and (iii) security and event management as the key reference applications in notable cybersecurity sub-segments, it is noteworthy to point out that Microsoft is the only company operating in all segments as a leader, according to Gartner. Most competitors, on the other hand, have quite a narrow field of strength: <a href=\"https://laohu8.com/S/OKTA\">Okta Inc.</a> (OKTA) is strong in access management; CrowdStrike (CRWD) and SentinelOne (S) are strong in endpoint security, and Splunk is strong in security information and event management.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fd9ddacc9d8e8ca77bb043540af643be\" tg-width=\"640\" tg-height=\"228\"/></p><p>Gartner</p><h2 id=\"id_2126143327\">Cybersecurity Could Thrive in 2024&#39;s Bull Market</h2><p>Heading into 2024, the forecast for IT budgets looks increasingly positive. This optimistic trend was supported by observations from Q3 conference discussions, indicating shorter sales cycles for new customers and quicker invoicing for current clients. This change is especially advantageous for cybersecurity funding. The need for effective cyber defense is becoming more urgent due to rising geopolitical tensions and the sophisticated security challenges posed by advancements in GenAI, such as deep-fakes, data corruption, and adversarial threats. Reflecting this, Qualys reported an alarming 26,447 vulnerabilities in 2023, an increase from 2022 and marking the seventh consecutive year of growth in vulnerabilities. Additionally, there was a 72% YoY increase in ransomware incidents in 2023, with attackers rapidly adopting new GenAI technologies to craft malware more efficiently.</p><p>In line with this growing security risk, the Piper Sandler 2024 CIO Survey (released on December 11, 2023) shows a strong outlook for cybersecurity expenditure, with it being a top priority for IT budget planners. The survey highlights significant investment focus on areas such as Cloud Security, Endpoint Security, Threat Intelligence, and Network Detection &amp; Response, aligning well with CrowdStrike’s areas of specialization. Likewise, surveys from UBS, Jefferies, and Morgan Stanley project a surge in cybersecurity budgets, emphasizing the importance of addressing GenAI-associated security challenges. Admittedly, the survey are about 2-3 months old.</p><p>But still, the fundamental takeaway, projecting strong demand for cybersecurity solutions in 2024, should not have changed over the past quarter. Thus, overall, I am confident in my earlier statement that Microsoft&#39;s cybersecurity business could expand 20-25% YoY in CY 2024, growing to $25 billion in total sales.</p><h2 id=\"id_709907835\">Valuation &amp; Investor Takeaway</h2><p>Microsoft is the world&#39;s largest cybersecurity vendor, generating about $25 billion of annual revenues. On that note, as the cybersecurity sector undergoes continuous evolution and attains heightened significance, it&#39;s poised for rapid commercial advancement in 2024. Recent CIO surveys indicate a projected expansion of IT budgets for the year, with cybersecurity emerging as a focal point surpassing other software expenditures. Accordingly, I argue that expecting a 20-25% YoY growth in Microsoft&#39;s cybersecurity business revenue for CY 2024 appears feasible.</p><p>Although I like Microsoft&#39;s cybersecurity position, it is important to note that investors can not directly invest in Microsoft&#39;s cyber security business. Accordingly, it is important to understand the broader valuation backdrop for Microsoft stock. On that note, taking the group perspective, Microsoft stock looks richly valued, trading at an EV/ EBIT of around 30x, suggesting a 45% premium to the IT sector, according to data collected by Seeking Alpha.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/45d0106ddeafa5265857d5a6713f219a\" tg-width=\"640\" tg-height=\"523\"/></p><p>Seeking Alpha</p><p>In context of valuation, I understand that early indicators show that Microsoft&#39;s adoption of AI technology is robust, positioning the company as a leader in a sector expected to drive significant growth in the next decade or more. This makes a compelling case for long-term investment in Microsoft. However, with other GenAi leaders like Google (GOOG) and <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> (META) both trading at a more reasonable 20x EV/ EBIT valuation, I prefer investment in these businesses and stay on the sidelines for Microsoft Corporation.</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>Why Microsoft's Cybersecurity Business Is A Key Growth Story To Watch</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\">\nWhy Microsoft's Cybersecurity Business Is A Key Growth Story To Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-28 11:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4680812-why-microsoft-cybersecurity-business-is-key-growth-story-to-watch><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microsoft Corporation's cybersecurity business is the world's leading company by revenue, with revenue from cybersecurity verticals expected to reach $25 billion in FY 2024.Microsoft's Copilot for ...</p>\n\n<a href=\"https://seekingalpha.com/article/4680812-why-microsoft-cybersecurity-business-is-key-growth-story-to-watch\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4566":"资本集团","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","BK4535":"淡马锡持仓","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4538":"云计算","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","BK4116":"互联网服务与基础架构","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0149725797.USD":"汇丰美国股市经济规模基金","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","MSFT":"微软","BK4561":"索罗斯持仓","BK4097":"系统软件","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","BK4560":"网络安全概念","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","LU0109391861.USD":"富兰克林美国机遇基金A Acc","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4539":"次新股","LU0056508442.USD":"贝莱德世界科技基金A2","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4532":"文艺复兴科技持仓","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","BK4585":"ETF&股票定投概念","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4576":"AR","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC"},"source_url":"https://seekingalpha.com/article/4680812-why-microsoft-cybersecurity-business-is-key-growth-story-to-watch","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2422792871","content_text":"Microsoft Corporation's cybersecurity business is the world's leading company by revenue, with revenue from cybersecurity verticals expected to reach $25 billion in FY 2024.Microsoft's Copilot for Security tool will have new enhancements, including tailored promptbooks, support for multiple languages, and integration with third-party services.The cybersecurity market is expanding significantly, with double-digit YoY growth rates expected to continue, creating whitespace for further growth for Microsoft.Although I like Microsoft's cybersecurity position, as a group the company looks richly valued, trading at an EV/EBIT of around 30x. Thus, I reiterate a \"Hold\" rating on Microsoft shares.FinkAvenuOn March 13rd, Microsoft Corporation announced that its Copilot for Security tool will become widely available to customers starting April 1, featuring new enhancements. The Copilot for Security enables cybersecurity experts to leverage generative artificial intelligence for various tasks, including incident summaries, vulnerability assessments, and data sharing. In that context, Microsoft highlighted the addition of several new functionalities to the tool, such as tailored promptbooks, support for multiple languages, integration with third-party services, as well as detailed usage reports.I take Microsoft's Copilot announcement as a prompt to conduct a deep dive into Microsoft's enormous cybersecurity business, which I believe holds vast, arguably underappreciated, potential for MSFT investors long term. Moreover, as the cybersecurity industry continues to evolve and gain importance, the industry is set for accelerating commercial momentum in 2024. In fact, according to various CIO surveys, IT budgets are set to expand in 2024, and within IT, the demand for cybersecurity is anticipated to outpace the broader software spent. On that note, I argue that a 20-25% YoY top line growth for Microsoft's cybersecurity business may be reasonable in CY 2024.For context, Microsoft stock has notably outperformed the broad equities market YTD. Since the start of the year, MSFT shares are up about 11%, compared to a gain of approximately 8% for the S&P 500 (SP500).Seeking AlphaMicrosoft's Cybersecurity Business Is Very Big...Microsoft's cybersecurity business is very big. In fact, Microsoft is the world's leading cybersecurity franchise by revenue. In CY 2023, Microsoft disclosed that the group's revenue from cybersecurity verticals topped $20 billion. This figure has likely grown to around $25 billion in CY 2024, extrapolating a 25% YoY industry growth as suggested by peers.Furthermore, the figure is expected to jump to above $30 billion by CY 2025, assuming the cybersecurity growth momentum is expected to continue. Modelling Microsoft's cybersecurity growth back to CY 2020, based on company disclosures, it is noteworthy to point out a ~40% CAGR from 2020 through CY 2024 (expected), compared to a ~15% CAGR for the broader group.Microsoft disclosures; Cavenagh Research estimates...With Attractive Whitespace For Further GrowthFrom a more structural growth perspective, investors should consider that the cybersecurity market continues to expand attractively. In fact, Gartner projected that the Total Addressable Market, or TAM, for the cybersecurity industry topped $188 billion in 2023, growing about 13% YoY. Moreover, greater than double-digit YoY growth rates are expected to persist through the next 5 years, as cybersecurity is projected to claim an increasingly larger share of overall IT spending.There are quite a few factors driving this, including increasing digital importance for both businesses and individuals, the rise of cloud computing, increasing quantity and sophistication of cyber attacks, as well as regulatory requirements in order to protect trade secrets. On that note, I'd like to highlight Microsoft's dominance in the market as a SaaS cybersecurity platform vendor. With a proven history of capturing market share across various essential cybersecurity sectors, Microsoft is solidifying its position as a \"one-stop shop\" for digital protection. Moreover, Microsoft's rising strength with some of the company's newer components like identity protection and cloud workload security further underscore the company's standing in the cybersecurity landscape.There are quite a few notable arguments why Microsoft is taking share in the cyber security market, and Microsoft may significantly outgrow the broader market backdrop, potentially capturing a 20% CAGR over the next 5 years. First of all, I point out that Microsoft has an enormous customer base in the enterprise market, having penetrated a vast installed base across various products, operating systems, productivity tools, and cloud services. This broad reach allows Microsoft to integrate its security solutions seamlessly across multiple platforms, making it easier for businesses to adopt and implement Microsoft's security measures.Secondly, and this is related to the first argument, Microsoft's security solutions are tightly integrated with its product portfolio such as Windows, Office 365, and Azure. This not only improves customer experience through sourcing cybersecurity protection as an add-on directly from the product vendor, but also strengthens Microsoft competitive edge vs. cybersecurity peers, because Microsoft's deep understanding of the product/ customer data to improves the R&D for cybersecurity product development.Thirdly, Microsoft's broad leadership in working with and developing AI catalyses spill over benefits to the company's cybersecurity offering, as the technology is able to detect, analyze, and respond to threats more effectively. Lastly, Microsoft offers a comprehensive cybersecurity portfolio, offering a wide range of security solutions covering identity, security and access management, as well as threat and information protection. This making Microsoft a one-stop cybersecurity shop for many organizations.Taking (i) access management, (ii) endpoint security and (iii) security and event management as the key reference applications in notable cybersecurity sub-segments, it is noteworthy to point out that Microsoft is the only company operating in all segments as a leader, according to Gartner. Most competitors, on the other hand, have quite a narrow field of strength: Okta Inc. (OKTA) is strong in access management; CrowdStrike (CRWD) and SentinelOne (S) are strong in endpoint security, and Splunk is strong in security information and event management.GartnerCybersecurity Could Thrive in 2024's Bull MarketHeading into 2024, the forecast for IT budgets looks increasingly positive. This optimistic trend was supported by observations from Q3 conference discussions, indicating shorter sales cycles for new customers and quicker invoicing for current clients. This change is especially advantageous for cybersecurity funding. The need for effective cyber defense is becoming more urgent due to rising geopolitical tensions and the sophisticated security challenges posed by advancements in GenAI, such as deep-fakes, data corruption, and adversarial threats. Reflecting this, Qualys reported an alarming 26,447 vulnerabilities in 2023, an increase from 2022 and marking the seventh consecutive year of growth in vulnerabilities. Additionally, there was a 72% YoY increase in ransomware incidents in 2023, with attackers rapidly adopting new GenAI technologies to craft malware more efficiently.In line with this growing security risk, the Piper Sandler 2024 CIO Survey (released on December 11, 2023) shows a strong outlook for cybersecurity expenditure, with it being a top priority for IT budget planners. The survey highlights significant investment focus on areas such as Cloud Security, Endpoint Security, Threat Intelligence, and Network Detection & Response, aligning well with CrowdStrike’s areas of specialization. Likewise, surveys from UBS, Jefferies, and Morgan Stanley project a surge in cybersecurity budgets, emphasizing the importance of addressing GenAI-associated security challenges. Admittedly, the survey are about 2-3 months old.But still, the fundamental takeaway, projecting strong demand for cybersecurity solutions in 2024, should not have changed over the past quarter. Thus, overall, I am confident in my earlier statement that Microsoft's cybersecurity business could expand 20-25% YoY in CY 2024, growing to $25 billion in total sales.Valuation & Investor TakeawayMicrosoft is the world's largest cybersecurity vendor, generating about $25 billion of annual revenues. On that note, as the cybersecurity sector undergoes continuous evolution and attains heightened significance, it's poised for rapid commercial advancement in 2024. Recent CIO surveys indicate a projected expansion of IT budgets for the year, with cybersecurity emerging as a focal point surpassing other software expenditures. Accordingly, I argue that expecting a 20-25% YoY growth in Microsoft's cybersecurity business revenue for CY 2024 appears feasible.Although I like Microsoft's cybersecurity position, it is important to note that investors can not directly invest in Microsoft's cyber security business. Accordingly, it is important to understand the broader valuation backdrop for Microsoft stock. On that note, taking the group perspective, Microsoft stock looks richly valued, trading at an EV/ EBIT of around 30x, suggesting a 45% premium to the IT sector, according to data collected by Seeking Alpha.Seeking AlphaIn context of valuation, I understand that early indicators show that Microsoft's adoption of AI technology is robust, positioning the company as a leader in a sector expected to drive significant growth in the next decade or more. This makes a compelling case for long-term investment in Microsoft. However, with other GenAi leaders like Google (GOOG) and Meta Platforms (META) both trading at a more reasonable 20x EV/ EBIT valuation, I prefer investment in these businesses and stay on the sidelines for Microsoft Corporation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":289062034321488,"gmtCreate":1711596239904,"gmtModify":1711596241995,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/289062034321488","repostId":"2422018928","repostType":4,"repost":{"id":"2422018928","pubTimestamp":1711595682,"share":"https://ttm.financial/m/news/2422018928?lang=&edition=fundamental","pubTime":"2024-03-28 11:14","market":"us","language":"en","title":"Apple: AI Strategy To Help Fight DOJ, Kickstart Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=2422018928","media":"seekingalpha","summary":"Apple is facing challenges in the Chinese market with declining iPhone sales and increased competition from Huawei.The company is also dealing with regulatory actions in Europe and the US, including a","content":"<html><head></head><body><ul style=\"\"><li><p>Apple is facing challenges in the Chinese market with declining iPhone sales and increased competition from Huawei.</p></li><li><p>The company is also dealing with regulatory actions in Europe and the US, including antitrust claims from the US Department of Justice.</p></li><li><p>However, Apple&#39;s integration of advanced AI into their product lineup could lead to a potential &#34;super cycle&#34; of product sales, and help counter these challenges.</p></li></ul><h2 id=\"id_1515132958\">Investment Thesis</h2><p>In my opinion, Apple has had a rough patch. In recent months, the iPhone maker has taken a hit partly as a result of the iPhone giant smartphone sales in China dropping 24% year over year, while sales from one of their competitors, Huawei grew by 64% indicating market saturation and potentially plateauing demand for one of the company’s flagship products.</p><p>Elsewhere, in Europe, the company is facing regulatory action on their App store, forcing the company to open up their tech products to direct web downloads for apps, allowing consumers and app providers to bypass the App store and the up to 30% revenue cut Apple gets from app store sales. This disrupts one of Apple’s most lucrative divisions. In the US, the US Department of Justice sued Apple last week, claiming they are a monopoly in some of its practices. Ouch.</p><p>However, as Apple has been at multiple “make or break” junctures in its lifetime, and has prevailed each time before. I believe this time will be no different, setting up what could be a powerful buying opportunity.</p><p>In my opinion, the technology giant could be in for a super cycle based on their expected integration of advanced AI into their product lineup. This integration, I believe, will actually help the company fight new regulatory pushes both in the United States and Europe and help counter iPhone sale issues in China.</p><p>Using technology such as through partnerships with major LLM makers such as Google (GOOGL) and Baidu (BIDU), and the expectation of a major upgrade with iOS 18, Apple positions themselves to accelerate market share and foster growth. These advancements may lead Apple to see a larger upgrade cycle, resembling a “super cycle.”</p><p>As with any thesis, it&#39;s not clean cut. The company faces antitrust challenges with the DOJ in the US and regulatory action in the EU. Despite this, I remain bullish. I think the company continues to be a strong market leader in the smartphone industry and I expect them to continue to lead in the future. I think the stock continues to be a strong buy.</p><h2 id=\"id_2631772441\">Here’s Why Apple Needs Coverage Now</h2><p>Historically, Apple moves in silence. What I mean by this is that they don’t seem to boast about their early stage technological advancements. Considering how fast-paced and influential the AI sector is, it is crucial that any possible advancements are known to investors. The release of Chat-GPT woke up the players in the tech industry; everyone has been racing to become the leading figure in AI. Considering Apple’s stronghold in the iPhone and computer market, it’s been suspicious that they have not publicly joined in on this race. However, this is also consistent with what Tim Cook, Apple’s CEO said on their last call:</p><blockquote><p><em>Our MO, if you will, has always been to do work and then talk about work and not to get out in front of ourselves.</em> -FY 2024 Q1 Call.</p></blockquote><p>Since my last report last December on Apple, the stock is down 12.01% while the market is up 10.51%. I believe this is largely due to concerns I mentioned in my investment thesis section around slowing demand in China and regulatory actions in the US &amp; Europe.</p><h2 id=\"id_1200721153\">Background</h2><p>In 2011 Apple launched Siri in their iPhone 4S, creating a &#34;supercycle&#39;&#39; that significantly boosted sales and consumer interest. This was one of Apple’s first integrations of AI into their iPhones.</p><p>Since 2011, Siri has helped users through voice recognition and acted as a virtual assistant. The user-friendly interface and capabilities resulted in wide consumer adoption, driving iPhone sales during the initial launch period. Outside of Siri, Apple has made further efforts to develop their AI services, as they have bought 21 AI startups since the beginning of 2017, which is more than many of their competitors.</p><p>However, Apple&#39;s current position is critical. The competitive Chinese market has changed: in early 2024, research came out showing that Apple was selling 24% less iPhones in mainland China compared to this time last year. This decline is part of a decreasing revenue trend, with a potential for an even greater decrease towards the end of FY 2024 Q2 in China. The reasoning for this decline may be the perception among Chinese consumers that Apple&#39;s AI offerings fall short to competitors. One of Apple’s biggest competitors in the Chinese market, Huawei, has seen sales grow by 64%. These local companies provide advanced AI features, competitive pricing, and services specific to local preferences.</p><p>In essence, Apple needs to innovate. I think their push into AI will do just that.</p><h2 id=\"id_930773464\">FY 2024 Q1 Report Provides Clues</h2><p>During Apple&#39;s FY 2024 Q1 report from February, investors’ attention was on their integration of artificial intelligence (&#34;AI&#34;) across their product lineup. Apple&#39;s recent release of iOS 17 includes new features driven by AI technology. Some of these features include, Personal Voice and Live Voicemail, along with lifesaving applications, such as fall detection, crash detection, and ECG monitoring on the Apple Watch.</p><p>As of this earnings report, Apple emphasized their current base of over 2.2 billion active devices, possessing a solid foundation for expansion. In my opinion, most of these devices could eventually be upgraded due to the AI catalyst (and the fact that AI will bring about new features that make consumers interested). I talk more about what I expect from the upgrade cycle in the valuation section, but I think even if a small portion of this active devices base upgrades the benefits could be immense for Apple’s earnings.</p><p>Keeping all of this in perspective, by the way, Apple isn’t currently in a tough spot with their positioning in the global smartphone market. Apple actually had the top spot for smartphone market share in 2023 globally (by brand). They even overtook their arch rival Samsung by units sold. I think this is an excellent place to be going into a potential super cycle upgrade.</p><h2 id=\"id_2035434514\">AI In The iPhone Could be Big</h2><p>As mentioned above, the integration and advancement of AI in Apple&#39;s devices is a core focus of the company, one of these devices being the iPhone.</p><p>This type of technology has the potential to make the iPhone a more intelligent and proactive assistant through features such as seamless voice recognition, predictive text input, smart task automation, and context-aware suggestions. Apple’s own AI model Ajax could improve already implemented technologies such as Siri, by making it more conversational and contextually aware, similar to ChatGPT. Other potential AI features could include auto-summarizing and auto-complete in core apps like Pages and Keynote. Reports show that Apple is also working on a new version of Xcode and other development tools that build in AI for code completion, which would improve the quality of third-party apps on the iPhone.</p><p>The advancements of chatbots, personalized app experiences, and improved hardware performance, are powered by deep learning algorithms. This technology aims to achieve more intuitive and personalized services, tailored to individual preferences and behaviors. However, and I think this is key for Apple, the technology giant is also reported to be leveraging LLMs made by competitors like Google, OpenAI or Baidu (BIDU) in China.</p><p>I think this strategy is genius. Apple knows that being a leader in the LLM space is difficult and requires a ton of infrastructure buildout. Much like how Google became the default search provider on Safari, I expect a LLM from one of these companies to be the default LLM on devices in the US and Europe, and Baidu’s Ernie to be the default LLM in China.</p><p>That’s not to say that Apple themselves is giving up on AI. Like I said, they are still working on their own model, called Ajax. This model, however, will power more local, on device requests that don’t require an internet connection.</p><p>The anticipated release of these new AI models is suspected to come at the Worldwide Developers Conference (WWDC) in June. In order to maintain their competitiveness against tech rivals, Apple&#39;s timeline for deploying new AI models like Ajax is supposedly aligning with the launch of upcoming iPhone iterations. This event is typically when Apple unveils their upcoming operating systems and software upgrades.</p><p>As of when I am writing this piece, Apple just announced their WWDC conference for June 10th.</p><h2 id=\"id_604773076\">AI on the Mac could be huge</h2><p>The iPhone isn’t the only device receiving the integration of advanced AI, the Mac may be too. Apple has already been making significant strides in integrating AI into their Mac devices. The new 13- and 15-inch MacBook Air, powered by the M3 chip, is currently named the &#34;<em>world’s best consumer laptop for AI</em>&#34; and this is before Apple makes any dedicated AI hardware changes. The M3 chip, constructed from industry-leading 3-nanometer technology, has a faster and more efficient 16-core Neural Engine, along with the CPU and GPU having accelerators to improve on-device machine learning. This makes the MacBook Air an excellent platform for AI, offering power-efficient performance and portability.</p><p>Other companies have begun integrating advanced AI technology into their devices, such as Microsoft’s AI initiatives in Windows. Microsoft recently introduced a new Copilot key to Windows 11 PCs. This key, when pressed, invokes the Copilot in Windows experience, making it seamless to engage Copilot in day-to-day tasks. Apple’s use of a similar framework with an AI specific key could allow them to construct a similar mechanism.</p><p>The integration of AI technology is a significant contributor to Apple’s future but they also may be opening up opportunities to sell their own AI technologies. Apple has been developing its own generative AI for years. It’s expected that Apple will launch a new software development tool that will use generative artificial intelligence to help bring automations coding work.</p><h2 id=\"id_2995381214\">Future Outlook In China</h2><p>The future outlook for Apple, particularly in the Chinese market, heavily relies on the anticipated AI enhancements in iOS 18. These rumored features aim to revitalize iPhone sales, as Apple aims to grow its AI capabilities to recapture its popularity amidst the competitive dynamics of China&#39;s smartphone market.</p><p>In order to counteract the current decline in sales and revenue shrinkage in China, Apple will need to increase their investment in AI research and development. Localizing AI features, such as adapting Siri to align more closely with Chinese guidelines for AI model deployment. Baidu’s Ernie is one of 40 models approved by the Chinese government for public use.</p><h2 id=\"id_4293657809\">Valuation</h2><p>I think to best understand the upside potential in Apple, it’s important to understand how they currently make money.</p><p>Apple made approximately 58% of their revenue from iPhone sales in the most recent quarter (Apple 10Q). In my assumptions, I assume that this proportion stays the same due to iPhone revenue growing, but also other revenues increasing as well.</p><p>When assessing Apple’s market for advanced AI devices, Bank of America analysts noted that they expect to see an iPhone upgrade cycle, fueled by the increasing demand for generative AI solutions. It is also important to point out that in 2020 a significant number of iPhone users were already part of the iPhone Upgrade Program. These numbers have likely grown since. Along with this, 51% of US Apple users usually upgrade to a new model as soon as their provider allows it. Given these trends, I believe it’s reasonable to assume that a significant number of users would be interested in upgrading their iPhones to access new AI features.</p><p>According to one of the leading technology analysts on the street, Dan Ives, he estimates that Apple has 270 million iPhones in the upgrade cycle window due to new AI features and due to iPhone upgrade plans. In calendar year 2023, Apple sold 235 million iPhones, meaning this supercycle would have approximately 14.9% volume growth compared to last year.</p><p>In a previous super cycle around the iPhone 6, we saw a jump to 231.2 million units sold from 169.2 million the previous year. This represented a 36.7% jump in volumes. I think Dan Ives’ estimates (especially because the AI features are big upgrades) are reasonable at just a 14.9% volume growth.</p><p>On top of this, I believe that the ASP (average selling price) for the iPhone could go up this year due to new features. For reference, the lowest model iPhone in the current lineup goes for $799 in the US. While this is much higher than the MSRP of the original iPhone in 2007 (MSRP of $499), when you account for inflation this is $733 in 2024 dollars.</p><p>The baseline iPhone has only increased by $66 in real terms since 2007 even though the iPhone has more features (ex. the App Store and copy/paste both were not a thing on the first iPhone).</p><p>Previous iPhone generations (such as the iPhone X) had a starting price of $999. While these were accompanied by an iPhone 8 with a starting price of $699, the iPhone 8 now has an inflation adjusted price of $869.</p><p>Given this, I think we could see iPhone ASPs rise by $100 in nominal terms this upgrade cycle given the new AI features.</p><p>The rest of Apple I expect to grow at a similar rate, giving us a combined revenue growth for FY 2025 (year starting 10/1/2024) of 24%. I expect Apple to have subsequently better revenue growth from here as users benefit from AI services (analysts are forecasting these services will have a monthly subscription fee attached to them like ChatGPT+) and new AI features on their MacBook lineup (seeing a similar AI upgrade cycle like we will likely see with AI PCs). In addition, higher ASPs will help benefit revenue from users who upgrade in later years (FY 2026-FY 2028).</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d88e408ea818d1d2a4cced3e08a6b620\" tg-width=\"1280\" tg-height=\"434\"/></p><p>Apple Revenue Estimates (Noah&#39;s Arc)</p><p>Given this, my model is showing that with a discount rate of 9.3%, Apple has a future PV of $204.61/share. This implies equity upside of about ~20% from where Apple stock was as of the time of this writing. This would also be an all time high.</p><p>Keep in mind that this assumption assumes no share buybacks (which Apple has been aggressively doing). I expect share buybacks to increase EPS and enable investors to apply a higher P/E multiple to this (which could give a higher share price from what the model is saying).</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e2bca604ef1208ffdc7850ab33c3b3b2\" tg-width=\"906\" tg-height=\"760\"/></p><p>Apple DCF Analysis (Noah&#39;s Arc)</p><h4 id=\"id_1215972361\">Where This Fits In With My Previous Apple Research</h4><p>Last December, I wrote up a research arguing that Apple will benefit immensely from new healthcare trends, which could unlock upside in the technology giant&#39;s stock. While I continue to believe that Apple will have upside potential, I recognize that the company has more headwinds now (China sales, DOJ lawsuit, European regulatory risk) that they did not have in December. I believe that all of these concerns will eventually abate, but for now I want to give a valuation that is more conservative, yet offers more routes for upside.</p><p>To be more specific, last time I argued that Apple had upside in its shares due to what I believed to be a $100 billion opportunity in the healthcare market. I applied a price to sales multiple of 6 to this revenue to generate an upside potential of $600 billion in market cap from where the company was in December.</p><p>Since then, the slowdown in sales in China has caused the residual value of Apple (not including healthcare opportunities) to decrease. In addition, the DOJ lawsuit in the US has opened up the risk that Apple could be forced to allow more competitors onto their platform of 2.2 billion devices. This means that the revenue opportunities in healthcare to the company could be diminished as other healthcare focused companies are now able to leverage the Apple ecosystem better.</p><p>In essence, this has made me lower my price target to roughly $204/share from $237.70/share previously. That being said, if Apple still reaches $237.70/share I would not be surprised, but I now view $204/share as a much more achievable and realistic price target given where the company is today.</p><h2 id=\"id_3601817793\">Risk to Thesis</h2><p>Although Apple currently has a solid position in the tech landscape, they still face risks that could potentially impact this position, especially in the Chinese market. As I mentioned before, Apple has seen a decline in sales, with a drop of 24% in the first six weeks of 2024, and seems likely caused by local competition from brands, such as Huawei, Vivo, and Xiaomi.</p><p>On top of this, recent lawsuits by the DOJ in the US, and new enforcement actions by the EU still loom large. While both enforcement actions are worrisome, I actually think Apple’s AI strategy will help fight these, especially in the US.</p><p>For example, one of the biggest complaints in the DOJ lawsuit is that Apple has been using their platform to hinder apps from being successful on their platform. Part of this has been the 30% app store fee Apple is charging for apps to list on the app store.</p><p>Recent proposed partnerships with Google, OpenAI, or even Baidu can help offset this. It can show how Apple is willing to bring in outside major tech players and allow them to interact with the iOS ecosystem in a way that was previously just reserved for Siri or Apple approved services, which were subject to the 30% revenue cut. All the while, it allows Apple to get best in class LLMs integrated in their hardware just in time for the latest upgrade cycle.</p><p>On top of this, one of the major issues in China has been that the government has banned the use of Apple iPhones for government employees on national security concerns. Integrating a mainland China provider like Baidu into their operating system to handle AI-based queries is a great way to help mitigate this concern. Notably, Apple CEO Tim Cook went to Shanghai last week to help shore up the technology giants relationship in China. Part of this trip, it appears, were discussions with Baidu.</p><p>In this specific case, Apple analyst (with a solid track record) Gene Munster gives this Baidu deal a 75% chance of closing. I am optimistic as well and think this is a great risk mitigation strategy. In the US, the adoption of an LLM from either OpenAI or Google could allow Apple to thwart some of the concerns of the DOJ lawsuit by showing how they can welcome outside companies into what many have described as a “walled garden.”</p><h4 id=\"id_2546785297\">How I Will Be Monitoring My Thesis</h4><p>Much like with my healthcare research I published in December, I&#39;ll be watching how Apple deals with regulatory actions out of the US and EU. In addition, I will be watching reports on how their LLM integrations into iOS 18 are going since I see this as key to the upgrade cycle going into the likely new iPhone release in the fall. I expect over the next few months (and during the next earnings call) for the iPhone maker to be discussing more and more on their calls on what the AI expectations should be for Wall Street and Investors.</p><p>As always, the best source in the long run will be Apple themselves. However, since they are so quiet on their movements, I tend to watch analysts like Gene Munster and Dan Ives for earlier cues to help understand where the company is going and get an edge.</p><h2 id=\"id_244963999\">Bottom Line</h2><p>Apple is one of the leading figures worldwide in the tech industry, but the challenges in the competitive Chinese market and recent regulatory actions in the US and Europe showcase how the landscape is changing. Despite these setbacks, I believe Apple’s commitment to innovation, specifically through the integration of partners’ AI across their product lineup, will soon reverse these struggles. Combining the development of outside LLMs along with hints towards the planned upgrades around iOS 18 show that Apple aims to not only to hold their market share but also redefine user experiences. I believe the company has an excellent trajectory ahead of them and recent regulatory challenges and a slowdown in China is just noise. I think the stock is a strong buy.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: AI Strategy To Help Fight DOJ, Kickstart 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; 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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\">\nApple: AI Strategy To Help Fight DOJ, Kickstart Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-28 11:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4680813-apple-ai-strategy-to-help-fight-doj-kickstart-growth><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple is facing challenges in the Chinese market with declining iPhone sales and increased competition from Huawei.The company is also dealing with regulatory actions in Europe and the US, including ...</p>\n\n<a href=\"https://seekingalpha.com/article/4680813-apple-ai-strategy-to-help-fight-doj-kickstart-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4538":"云计算","LU0823426480.USD":"法巴中国股票经典Dis","LU0052750758.USD":"富兰克林中国基金A Acc","LU0043850808.USD":"HSBC GIF ASIA EX JAPAN EQUITY \"AD\" INC","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU0630378429.USD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU0359201612.USD":"贝莱德中国基金A2","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0557290698.USD":"施罗德环球可持续增长基金","BK4097":"系统软件","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","SG9999002463.SGD":"LionGlobal China Growth SGD","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4532":"文艺复兴科技持仓","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","LU0543330566.HKD":"TEMPLETON BRIC \"A\" (HKD) ACC","BK4531":"中概回港概念","AAPL":"苹果","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4534":"瑞士信贷持仓","BK4567":"ESG概念","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","BK4566":"资本集团","LU0287142896.SGD":"Fidelity China Focus A-SGD","BK4535":"淡马锡持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD"},"source_url":"https://seekingalpha.com/article/4680813-apple-ai-strategy-to-help-fight-doj-kickstart-growth","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2422018928","content_text":"Apple is facing challenges in the Chinese market with declining iPhone sales and increased competition from Huawei.The company is also dealing with regulatory actions in Europe and the US, including antitrust claims from the US Department of Justice.However, Apple's integration of advanced AI into their product lineup could lead to a potential \"super cycle\" of product sales, and help counter these challenges.Investment ThesisIn my opinion, Apple has had a rough patch. In recent months, the iPhone maker has taken a hit partly as a result of the iPhone giant smartphone sales in China dropping 24% year over year, while sales from one of their competitors, Huawei grew by 64% indicating market saturation and potentially plateauing demand for one of the company’s flagship products.Elsewhere, in Europe, the company is facing regulatory action on their App store, forcing the company to open up their tech products to direct web downloads for apps, allowing consumers and app providers to bypass the App store and the up to 30% revenue cut Apple gets from app store sales. This disrupts one of Apple’s most lucrative divisions. In the US, the US Department of Justice sued Apple last week, claiming they are a monopoly in some of its practices. Ouch.However, as Apple has been at multiple “make or break” junctures in its lifetime, and has prevailed each time before. I believe this time will be no different, setting up what could be a powerful buying opportunity.In my opinion, the technology giant could be in for a super cycle based on their expected integration of advanced AI into their product lineup. This integration, I believe, will actually help the company fight new regulatory pushes both in the United States and Europe and help counter iPhone sale issues in China.Using technology such as through partnerships with major LLM makers such as Google (GOOGL) and Baidu (BIDU), and the expectation of a major upgrade with iOS 18, Apple positions themselves to accelerate market share and foster growth. These advancements may lead Apple to see a larger upgrade cycle, resembling a “super cycle.”As with any thesis, it's not clean cut. The company faces antitrust challenges with the DOJ in the US and regulatory action in the EU. Despite this, I remain bullish. I think the company continues to be a strong market leader in the smartphone industry and I expect them to continue to lead in the future. I think the stock continues to be a strong buy.Here’s Why Apple Needs Coverage NowHistorically, Apple moves in silence. What I mean by this is that they don’t seem to boast about their early stage technological advancements. Considering how fast-paced and influential the AI sector is, it is crucial that any possible advancements are known to investors. The release of Chat-GPT woke up the players in the tech industry; everyone has been racing to become the leading figure in AI. Considering Apple’s stronghold in the iPhone and computer market, it’s been suspicious that they have not publicly joined in on this race. However, this is also consistent with what Tim Cook, Apple’s CEO said on their last call:Our MO, if you will, has always been to do work and then talk about work and not to get out in front of ourselves. -FY 2024 Q1 Call.Since my last report last December on Apple, the stock is down 12.01% while the market is up 10.51%. I believe this is largely due to concerns I mentioned in my investment thesis section around slowing demand in China and regulatory actions in the US & Europe.BackgroundIn 2011 Apple launched Siri in their iPhone 4S, creating a \"supercycle'' that significantly boosted sales and consumer interest. This was one of Apple’s first integrations of AI into their iPhones.Since 2011, Siri has helped users through voice recognition and acted as a virtual assistant. The user-friendly interface and capabilities resulted in wide consumer adoption, driving iPhone sales during the initial launch period. Outside of Siri, Apple has made further efforts to develop their AI services, as they have bought 21 AI startups since the beginning of 2017, which is more than many of their competitors.However, Apple's current position is critical. The competitive Chinese market has changed: in early 2024, research came out showing that Apple was selling 24% less iPhones in mainland China compared to this time last year. This decline is part of a decreasing revenue trend, with a potential for an even greater decrease towards the end of FY 2024 Q2 in China. The reasoning for this decline may be the perception among Chinese consumers that Apple's AI offerings fall short to competitors. One of Apple’s biggest competitors in the Chinese market, Huawei, has seen sales grow by 64%. These local companies provide advanced AI features, competitive pricing, and services specific to local preferences.In essence, Apple needs to innovate. I think their push into AI will do just that.FY 2024 Q1 Report Provides CluesDuring Apple's FY 2024 Q1 report from February, investors’ attention was on their integration of artificial intelligence (\"AI\") across their product lineup. Apple's recent release of iOS 17 includes new features driven by AI technology. Some of these features include, Personal Voice and Live Voicemail, along with lifesaving applications, such as fall detection, crash detection, and ECG monitoring on the Apple Watch.As of this earnings report, Apple emphasized their current base of over 2.2 billion active devices, possessing a solid foundation for expansion. In my opinion, most of these devices could eventually be upgraded due to the AI catalyst (and the fact that AI will bring about new features that make consumers interested). I talk more about what I expect from the upgrade cycle in the valuation section, but I think even if a small portion of this active devices base upgrades the benefits could be immense for Apple’s earnings.Keeping all of this in perspective, by the way, Apple isn’t currently in a tough spot with their positioning in the global smartphone market. Apple actually had the top spot for smartphone market share in 2023 globally (by brand). They even overtook their arch rival Samsung by units sold. I think this is an excellent place to be going into a potential super cycle upgrade.AI In The iPhone Could be BigAs mentioned above, the integration and advancement of AI in Apple's devices is a core focus of the company, one of these devices being the iPhone.This type of technology has the potential to make the iPhone a more intelligent and proactive assistant through features such as seamless voice recognition, predictive text input, smart task automation, and context-aware suggestions. Apple’s own AI model Ajax could improve already implemented technologies such as Siri, by making it more conversational and contextually aware, similar to ChatGPT. Other potential AI features could include auto-summarizing and auto-complete in core apps like Pages and Keynote. Reports show that Apple is also working on a new version of Xcode and other development tools that build in AI for code completion, which would improve the quality of third-party apps on the iPhone.The advancements of chatbots, personalized app experiences, and improved hardware performance, are powered by deep learning algorithms. This technology aims to achieve more intuitive and personalized services, tailored to individual preferences and behaviors. However, and I think this is key for Apple, the technology giant is also reported to be leveraging LLMs made by competitors like Google, OpenAI or Baidu (BIDU) in China.I think this strategy is genius. Apple knows that being a leader in the LLM space is difficult and requires a ton of infrastructure buildout. Much like how Google became the default search provider on Safari, I expect a LLM from one of these companies to be the default LLM on devices in the US and Europe, and Baidu’s Ernie to be the default LLM in China.That’s not to say that Apple themselves is giving up on AI. Like I said, they are still working on their own model, called Ajax. This model, however, will power more local, on device requests that don’t require an internet connection.The anticipated release of these new AI models is suspected to come at the Worldwide Developers Conference (WWDC) in June. In order to maintain their competitiveness against tech rivals, Apple's timeline for deploying new AI models like Ajax is supposedly aligning with the launch of upcoming iPhone iterations. This event is typically when Apple unveils their upcoming operating systems and software upgrades.As of when I am writing this piece, Apple just announced their WWDC conference for June 10th.AI on the Mac could be hugeThe iPhone isn’t the only device receiving the integration of advanced AI, the Mac may be too. Apple has already been making significant strides in integrating AI into their Mac devices. The new 13- and 15-inch MacBook Air, powered by the M3 chip, is currently named the \"world’s best consumer laptop for AI\" and this is before Apple makes any dedicated AI hardware changes. The M3 chip, constructed from industry-leading 3-nanometer technology, has a faster and more efficient 16-core Neural Engine, along with the CPU and GPU having accelerators to improve on-device machine learning. This makes the MacBook Air an excellent platform for AI, offering power-efficient performance and portability.Other companies have begun integrating advanced AI technology into their devices, such as Microsoft’s AI initiatives in Windows. Microsoft recently introduced a new Copilot key to Windows 11 PCs. This key, when pressed, invokes the Copilot in Windows experience, making it seamless to engage Copilot in day-to-day tasks. Apple’s use of a similar framework with an AI specific key could allow them to construct a similar mechanism.The integration of AI technology is a significant contributor to Apple’s future but they also may be opening up opportunities to sell their own AI technologies. Apple has been developing its own generative AI for years. It’s expected that Apple will launch a new software development tool that will use generative artificial intelligence to help bring automations coding work.Future Outlook In ChinaThe future outlook for Apple, particularly in the Chinese market, heavily relies on the anticipated AI enhancements in iOS 18. These rumored features aim to revitalize iPhone sales, as Apple aims to grow its AI capabilities to recapture its popularity amidst the competitive dynamics of China's smartphone market.In order to counteract the current decline in sales and revenue shrinkage in China, Apple will need to increase their investment in AI research and development. Localizing AI features, such as adapting Siri to align more closely with Chinese guidelines for AI model deployment. Baidu’s Ernie is one of 40 models approved by the Chinese government for public use.ValuationI think to best understand the upside potential in Apple, it’s important to understand how they currently make money.Apple made approximately 58% of their revenue from iPhone sales in the most recent quarter (Apple 10Q). In my assumptions, I assume that this proportion stays the same due to iPhone revenue growing, but also other revenues increasing as well.When assessing Apple’s market for advanced AI devices, Bank of America analysts noted that they expect to see an iPhone upgrade cycle, fueled by the increasing demand for generative AI solutions. It is also important to point out that in 2020 a significant number of iPhone users were already part of the iPhone Upgrade Program. These numbers have likely grown since. Along with this, 51% of US Apple users usually upgrade to a new model as soon as their provider allows it. Given these trends, I believe it’s reasonable to assume that a significant number of users would be interested in upgrading their iPhones to access new AI features.According to one of the leading technology analysts on the street, Dan Ives, he estimates that Apple has 270 million iPhones in the upgrade cycle window due to new AI features and due to iPhone upgrade plans. In calendar year 2023, Apple sold 235 million iPhones, meaning this supercycle would have approximately 14.9% volume growth compared to last year.In a previous super cycle around the iPhone 6, we saw a jump to 231.2 million units sold from 169.2 million the previous year. This represented a 36.7% jump in volumes. I think Dan Ives’ estimates (especially because the AI features are big upgrades) are reasonable at just a 14.9% volume growth.On top of this, I believe that the ASP (average selling price) for the iPhone could go up this year due to new features. For reference, the lowest model iPhone in the current lineup goes for $799 in the US. While this is much higher than the MSRP of the original iPhone in 2007 (MSRP of $499), when you account for inflation this is $733 in 2024 dollars.The baseline iPhone has only increased by $66 in real terms since 2007 even though the iPhone has more features (ex. the App Store and copy/paste both were not a thing on the first iPhone).Previous iPhone generations (such as the iPhone X) had a starting price of $999. While these were accompanied by an iPhone 8 with a starting price of $699, the iPhone 8 now has an inflation adjusted price of $869.Given this, I think we could see iPhone ASPs rise by $100 in nominal terms this upgrade cycle given the new AI features.The rest of Apple I expect to grow at a similar rate, giving us a combined revenue growth for FY 2025 (year starting 10/1/2024) of 24%. I expect Apple to have subsequently better revenue growth from here as users benefit from AI services (analysts are forecasting these services will have a monthly subscription fee attached to them like ChatGPT+) and new AI features on their MacBook lineup (seeing a similar AI upgrade cycle like we will likely see with AI PCs). In addition, higher ASPs will help benefit revenue from users who upgrade in later years (FY 2026-FY 2028).Apple Revenue Estimates (Noah's Arc)Given this, my model is showing that with a discount rate of 9.3%, Apple has a future PV of $204.61/share. This implies equity upside of about ~20% from where Apple stock was as of the time of this writing. This would also be an all time high.Keep in mind that this assumption assumes no share buybacks (which Apple has been aggressively doing). I expect share buybacks to increase EPS and enable investors to apply a higher P/E multiple to this (which could give a higher share price from what the model is saying).Apple DCF Analysis (Noah's Arc)Where This Fits In With My Previous Apple ResearchLast December, I wrote up a research arguing that Apple will benefit immensely from new healthcare trends, which could unlock upside in the technology giant's stock. While I continue to believe that Apple will have upside potential, I recognize that the company has more headwinds now (China sales, DOJ lawsuit, European regulatory risk) that they did not have in December. I believe that all of these concerns will eventually abate, but for now I want to give a valuation that is more conservative, yet offers more routes for upside.To be more specific, last time I argued that Apple had upside in its shares due to what I believed to be a $100 billion opportunity in the healthcare market. I applied a price to sales multiple of 6 to this revenue to generate an upside potential of $600 billion in market cap from where the company was in December.Since then, the slowdown in sales in China has caused the residual value of Apple (not including healthcare opportunities) to decrease. In addition, the DOJ lawsuit in the US has opened up the risk that Apple could be forced to allow more competitors onto their platform of 2.2 billion devices. This means that the revenue opportunities in healthcare to the company could be diminished as other healthcare focused companies are now able to leverage the Apple ecosystem better.In essence, this has made me lower my price target to roughly $204/share from $237.70/share previously. That being said, if Apple still reaches $237.70/share I would not be surprised, but I now view $204/share as a much more achievable and realistic price target given where the company is today.Risk to ThesisAlthough Apple currently has a solid position in the tech landscape, they still face risks that could potentially impact this position, especially in the Chinese market. As I mentioned before, Apple has seen a decline in sales, with a drop of 24% in the first six weeks of 2024, and seems likely caused by local competition from brands, such as Huawei, Vivo, and Xiaomi.On top of this, recent lawsuits by the DOJ in the US, and new enforcement actions by the EU still loom large. While both enforcement actions are worrisome, I actually think Apple’s AI strategy will help fight these, especially in the US.For example, one of the biggest complaints in the DOJ lawsuit is that Apple has been using their platform to hinder apps from being successful on their platform. Part of this has been the 30% app store fee Apple is charging for apps to list on the app store.Recent proposed partnerships with Google, OpenAI, or even Baidu can help offset this. It can show how Apple is willing to bring in outside major tech players and allow them to interact with the iOS ecosystem in a way that was previously just reserved for Siri or Apple approved services, which were subject to the 30% revenue cut. All the while, it allows Apple to get best in class LLMs integrated in their hardware just in time for the latest upgrade cycle.On top of this, one of the major issues in China has been that the government has banned the use of Apple iPhones for government employees on national security concerns. Integrating a mainland China provider like Baidu into their operating system to handle AI-based queries is a great way to help mitigate this concern. Notably, Apple CEO Tim Cook went to Shanghai last week to help shore up the technology giants relationship in China. Part of this trip, it appears, were discussions with Baidu.In this specific case, Apple analyst (with a solid track record) Gene Munster gives this Baidu deal a 75% chance of closing. I am optimistic as well and think this is a great risk mitigation strategy. In the US, the adoption of an LLM from either OpenAI or Google could allow Apple to thwart some of the concerns of the DOJ lawsuit by showing how they can welcome outside companies into what many have described as a “walled garden.”How I Will Be Monitoring My ThesisMuch like with my healthcare research I published in December, I'll be watching how Apple deals with regulatory actions out of the US and EU. In addition, I will be watching reports on how their LLM integrations into iOS 18 are going since I see this as key to the upgrade cycle going into the likely new iPhone release in the fall. I expect over the next few months (and during the next earnings call) for the iPhone maker to be discussing more and more on their calls on what the AI expectations should be for Wall Street and Investors.As always, the best source in the long run will be Apple themselves. However, since they are so quiet on their movements, I tend to watch analysts like Gene Munster and Dan Ives for earlier cues to help understand where the company is going and get an edge.Bottom LineApple is one of the leading figures worldwide in the tech industry, but the challenges in the competitive Chinese market and recent regulatory actions in the US and Europe showcase how the landscape is changing. Despite these setbacks, I believe Apple’s commitment to innovation, specifically through the integration of partners’ AI across their product lineup, will soon reverse these struggles. Combining the development of outside LLMs along with hints towards the planned upgrades around iOS 18 show that Apple aims to not only to hold their market share but also redefine user experiences. I believe the company has an excellent trajectory ahead of them and recent regulatory challenges and a slowdown in China is just noise. I think the stock is a strong buy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":289057431130368,"gmtCreate":1711595210613,"gmtModify":1711595213371,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"[Miser]&nbsp;&nbsp;","listText":"[Miser]&nbsp;&nbsp;","text":"[Miser]","images":[{"img":"https://community-static.tradeup.com/news/3814fff7c23c91d39d5c6b6f37a5dd5e","width":"1080","height":"1338"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/289057431130368","isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":280664007708920,"gmtCreate":1709546679323,"gmtModify":1709546682020,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"","listText":"","text":"","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/280664007708920","repostId":"280640371011600","repostType":1,"repost":{"id":280640371011600,"gmtCreate":1709546556376,"gmtModify":1709546581653,"author":{"id":"3527667622617230","authorId":"3527667622617230","name":"新能源BOT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667622617230","authorIdStr":"3527667622617230"},"themes":[],"title":"小米造車，多多益善","htmlText":"一直有人喊我聊小米汽車，說實話，我其實懶得吵架，這種自帶流量體質的車，往往爭論會超出車本身。但是昨天我看到，有一些段子說的是“收手吧，外面都是XX”，我覺得有點過了，畢竟，小米價格還沒發，你就知道它不行了？2021年小米剛宣佈造車時候，我發了個微博：造車最好的時間是十年前，其次就是現在。我還記得當年有人問，小米造車，是不是股票會大漲。我記得我當時說的是，造車，財報會不好看。因爲投入太大了。嗯，發佈造車新聞的時候，大家熱情高漲，那時候把股票出掉挺合適的。好了，經過1000多天的投入，小米到了收穫的時期。工信部數據，小米牌純電動轎車，北京汽車集團越野車有限公司製造，尾標北京小米。這個尾標說實話，已經體現了小米的能力了，試想一下，當年蔚來的車，貼江淮汽車的標，哪怕工廠是全新建設，哪怕比保時捷更強，承受了多少的非議！（2024年，蔚來已經獲得造車資質，最新的工信部申報已經是蔚來尾標）小米能拿到尾標是 北京小米 我覺得雷老闆很厲害。然後是產品，小米的發佈會，值得所有車企學習。他說了很多車企都有的技術，但是小米把自己定位是給不懂電動汽車的小白，把所有複雜的知識說得很淺顯。面向的就是最最最不懂電車那羣人。他們日常是不關注行業的，但是雷軍給他們娓娓道來，其他廠商應該學一學，面向小白用戶的表達，能做好，非常不容易。說缺點就是本人不喜歡自己造詞，也不太喜歡把一些參數拿出來，明明沒領先，然後要一通吹捧。典型的就是壓鑄機，鎖模壓力12000噸、甚至20000噸的大有人在。對吧，何小鵬童鞋可太愛一體鑄造了，現在買小鵬X9，後副車架就是12000噸的，所以8800噸也好，9100噸也罷，正常吧，供應鏈到這個水平了，都有，真的不必吹捧。聊聊三電，電芯方面，那款主力銷售的400V產品是比亞迪造的，沒看到特別多的數據，應該會很主流的性能。800V的那款，是寧德時代合作的，畢竟第一次搞，跟寧德時代合作，這是對","listText":"一直有人喊我聊小米汽車，說實話，我其實懶得吵架，這種自帶流量體質的車，往往爭論會超出車本身。但是昨天我看到，有一些段子說的是“收手吧，外面都是XX”，我覺得有點過了，畢竟，小米價格還沒發，你就知道它不行了？2021年小米剛宣佈造車時候，我發了個微博：造車最好的時間是十年前，其次就是現在。我還記得當年有人問，小米造車，是不是股票會大漲。我記得我當時說的是，造車，財報會不好看。因爲投入太大了。嗯，發佈造車新聞的時候，大家熱情高漲，那時候把股票出掉挺合適的。好了，經過1000多天的投入，小米到了收穫的時期。工信部數據，小米牌純電動轎車，北京汽車集團越野車有限公司製造，尾標北京小米。這個尾標說實話，已經體現了小米的能力了，試想一下，當年蔚來的車，貼江淮汽車的標，哪怕工廠是全新建設，哪怕比保時捷更強，承受了多少的非議！（2024年，蔚來已經獲得造車資質，最新的工信部申報已經是蔚來尾標）小米能拿到尾標是 北京小米 我覺得雷老闆很厲害。然後是產品，小米的發佈會，值得所有車企學習。他說了很多車企都有的技術，但是小米把自己定位是給不懂電動汽車的小白，把所有複雜的知識說得很淺顯。面向的就是最最最不懂電車那羣人。他們日常是不關注行業的，但是雷軍給他們娓娓道來，其他廠商應該學一學，面向小白用戶的表達，能做好，非常不容易。說缺點就是本人不喜歡自己造詞，也不太喜歡把一些參數拿出來，明明沒領先，然後要一通吹捧。典型的就是壓鑄機，鎖模壓力12000噸、甚至20000噸的大有人在。對吧，何小鵬童鞋可太愛一體鑄造了，現在買小鵬X9，後副車架就是12000噸的，所以8800噸也好，9100噸也罷，正常吧，供應鏈到這個水平了，都有，真的不必吹捧。聊聊三電，電芯方面，那款主力銷售的400V產品是比亞迪造的，沒看到特別多的數據，應該會很主流的性能。800V的那款，是寧德時代合作的，畢竟第一次搞，跟寧德時代合作，這是對","text":"一直有人喊我聊小米汽車，說實話，我其實懶得吵架，這種自帶流量體質的車，往往爭論會超出車本身。但是昨天我看到，有一些段子說的是“收手吧，外面都是XX”，我覺得有點過了，畢竟，小米價格還沒發，你就知道它不行了？2021年小米剛宣佈造車時候，我發了個微博：造車最好的時間是十年前，其次就是現在。我還記得當年有人問，小米造車，是不是股票會大漲。我記得我當時說的是，造車，財報會不好看。因爲投入太大了。嗯，發佈造車新聞的時候，大家熱情高漲，那時候把股票出掉挺合適的。好了，經過1000多天的投入，小米到了收穫的時期。工信部數據，小米牌純電動轎車，北京汽車集團越野車有限公司製造，尾標北京小米。這個尾標說實話，已經體現了小米的能力了，試想一下，當年蔚來的車，貼江淮汽車的標，哪怕工廠是全新建設，哪怕比保時捷更強，承受了多少的非議！（2024年，蔚來已經獲得造車資質，最新的工信部申報已經是蔚來尾標）小米能拿到尾標是 北京小米 我覺得雷老闆很厲害。然後是產品，小米的發佈會，值得所有車企學習。他說了很多車企都有的技術，但是小米把自己定位是給不懂電動汽車的小白，把所有複雜的知識說得很淺顯。面向的就是最最最不懂電車那羣人。他們日常是不關注行業的，但是雷軍給他們娓娓道來，其他廠商應該學一學，面向小白用戶的表達，能做好，非常不容易。說缺點就是本人不喜歡自己造詞，也不太喜歡把一些參數拿出來，明明沒領先，然後要一通吹捧。典型的就是壓鑄機，鎖模壓力12000噸、甚至20000噸的大有人在。對吧，何小鵬童鞋可太愛一體鑄造了，現在買小鵬X9，後副車架就是12000噸的，所以8800噸也好，9100噸也罷，正常吧，供應鏈到這個水平了，都有，真的不必吹捧。聊聊三電，電芯方面，那款主力銷售的400V產品是比亞迪造的，沒看到特別多的數據，應該會很主流的性能。800V的那款，是寧德時代合作的，畢竟第一次搞，跟寧德時代合作，這是對","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/280640371011600","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":269321537597536,"gmtCreate":1706769169708,"gmtModify":1706769174679,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"🌚🌚","listText":"🌚🌚","text":"🌚🌚","images":[{"img":"https://community-static.tradeup.com/news/ca8ee6fcbd8a34e7dbcca32085f9b32e","width":"860","height":"11051"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/269321537597536","isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":262106957828312,"gmtCreate":1705025860814,"gmtModify":1705025864625,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/262106957828312","repostId":"1787584657272873","repostType":17,"repost":{"id":2874,"live_id":"1787584657272873","type":2,"live_form":0,"category_id":5,"category_name":"大咖热评","material_type":0,"regions":[2],"title":"Exploring the Growth Potential of China's Biotech and Medtech Sectors","title_en":"Exploring the Growth Potential of China's Biotech and Medtech Sectors","status":3,"abstract_en":[],"description_html":"Bullet points: • What factors contribute to China's biotech and medtech companies as major players in these sectors? • What opportunities does China's healthcare transformation present for thematic investment in biotech and medtech? • What considerations s","description_html_en":"Bullet points: 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Hoium","avatar":"https://community-static.tradeup.com/news/7f6caf1342339cc5b5ecd9bf6ff43d46","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4159952822702602","authorIdStr":"4159952822702602"},"themes":[],"title":"ASAN growth has stalled, why?","htmlText":"<a href=\"https://ttm.financial/S/ASAN\">$Asana, Inc.(ASAN)$</a> ASAN is so confusing to me. The founder runs the company, is the biggest shareholder, AND is buying back shares.Yet, he is spending ~30% of revenue on stock-based compensation and can't seem to cut costs enough to be FCF+.Now, growth has stalled...Not exactly what you want to see from a SaaS company.Imagehttps://twitter.com/TravisHoium/status/1732424997522805083","listText":"<a href=\"https://ttm.financial/S/ASAN\">$Asana, Inc.(ASAN)$</a> ASAN is so confusing to me. The founder runs the company, is the biggest shareholder, AND is buying back shares.Yet, he is spending ~30% of revenue on stock-based compensation and can't seem to cut costs enough to be FCF+.Now, growth has stalled...Not exactly what you want to see from a SaaS company.Imagehttps://twitter.com/TravisHoium/status/1732424997522805083","text":"$Asana, Inc.(ASAN)$ ASAN is so confusing to me. The founder runs the company, is the biggest shareholder, AND is buying back shares.Yet, he is spending ~30% of revenue on stock-based compensation and can't seem to cut costs enough to be FCF+.Now, growth has stalled...Not exactly what you want to see from a SaaS company.Imagehttps://twitter.com/TravisHoium/status/1732424997522805083","images":[{"img":"https://community-static.tradeup.com/news/0362c7344b6846fc42299e9ab5264333","width":"680","height":"482"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/249376374526072","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":216136692637936,"gmtCreate":1693798463722,"gmtModify":1693798466282,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"[得意]//<a href=\"https://ttm.financial/U/3571627110799155\">@JJQ</a>:<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a> &nbsp; Awesome News! 💪🌝🚀","listText":"[得意]//<a href=\"https://ttm.financial/U/3571627110799155\">@JJQ</a>:<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a> &nbsp; Awesome News! 💪🌝🚀","text":"[得意]//@JJQ:$Sea Ltd(SE)$ Awesome News! 💪🌝🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/216136692637936","repostId":"214814978351256","repostType":1,"repost":{"id":214814978351256,"gmtCreate":1693482104419,"gmtModify":1693482108646,"author":{"id":"3571627110799155","authorId":"3571627110799155","name":"JJQ","avatar":"https://community-static.tradeup.com/news/56f38f5ea7b683e48c466bc341ca6d33","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571627110799155","authorIdStr":"3571627110799155"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a> &nbsp; Awesome News! 💪🌝🚀","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a> &nbsp; Awesome News! 💪🌝🚀","text":"$Sea Ltd(SE)$ Awesome News! 💪🌝🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/214814978351256","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":678,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199556373450792,"gmtCreate":1689755267620,"gmtModify":1689755270208,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$&nbsp;</a>","text":"$Meta Platforms, Inc.(META)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/199556373450792","isVote":1,"tweetType":1,"viewCount":273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195359027810312,"gmtCreate":1688717383899,"gmtModify":1688717388509,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"ccccccccv","listText":"ccccccccv","text":"ccccccccv","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195359027810312","repostId":"9979110105","repostType":1,"repost":{"id":9979110105,"gmtCreate":1688468407000,"gmtModify":1703674836829,"author":{"id":"3527667592269412","authorId":"3527667592269412","name":"OptionsTracker","avatar":"https://static.tigerbbs.com/e3f1f839aad7a15f602f3f42eaad51af","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667592269412","authorIdStr":"3527667592269412"},"themes":[],"title":"Hot stocks covered call  reference [July 4]","htmlText":"Selling covered call options (sell covered call) is a strategy adopted by many large funds. It can also be used by retail investors in the US stock market.You can get income while holding it. This strategy is very suitable for stocks that have long-term positions, but they have not moved but they are not in a bearish position recently or are in a bearish position recently. It can be a good strategy for mature investors to roll over when holding some targets for a long time. Income comparison Assume that investors hold 200 shares of Amazon from January 1 to December 17, 2021 If there is no operation during the holding period, the final total assets will be USD 675,484 If the covered call strategy is carried out, it will be operated once a week; if 100 shares are sold after the exercise, ano","listText":"Selling covered call options (sell covered call) is a strategy adopted by many large funds. It can also be used by retail investors in the US stock market.You can get income while holding it. This strategy is very suitable for stocks that have long-term positions, but they have not moved but they are not in a bearish position recently or are in a bearish position recently. It can be a good strategy for mature investors to roll over when holding some targets for a long time. Income comparison Assume that investors hold 200 shares of Amazon from January 1 to December 17, 2021 If there is no operation during the holding period, the final total assets will be USD 675,484 If the covered call strategy is carried out, it will be operated once a week; if 100 shares are sold after the exercise, ano","text":"Selling covered call options (sell covered call) is a strategy adopted by many large funds. It can also be used by retail investors in the US stock market.You can get income while holding it. This strategy is very suitable for stocks that have long-term positions, but they have not moved but they are not in a bearish position recently or are in a bearish position recently. It can be a good strategy for mature investors to roll over when holding some targets for a long time. Income comparison Assume that investors hold 200 shares of Amazon from January 1 to December 17, 2021 If there is no operation during the holding period, the final total assets will be USD 675,484 If the covered call strategy is carried out, it will be operated once a week; if 100 shares are sold after the exercise, ano","images":[{"img":"https://static.tigerbbs.com/1be4ad594d709020d91c8496e1f9e7c9"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9979110105","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":123,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195358231724200,"gmtCreate":1688717379033,"gmtModify":1688717382806,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"Bbbbggggggh","listText":"Bbbbggggggh","text":"Bbbbggggggh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195358231724200","repostId":"193851168477216","repostType":1,"repost":{"id":193851168477216,"gmtCreate":1688356483096,"gmtModify":1688356508362,"author":{"id":"9000000000000439","authorId":"9000000000000439","name":"TigerObserver","avatar":"https://static.tigerbbs.com/2f3a05d038882153678ee817929431fc","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"9000000000000439","authorIdStr":"9000000000000439"},"themes":[],"title":"Midyear Recap: After H1’s Strength, Focus on Employment Data & Fed‘s Minutes This Week","htmlText":"1. MAJOR INDEXES RETURNSThe major U.S. stock indexes regained the ground they had lost the previous week and then some, as generally positive economic data lifted the <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> , the <a href=\"https://ttm.financial/S/.IXIC\">$NASDAQ(.IXIC)$</a> , and the <a href=\"https://ttm.financial/S/DOW\">$Dow Chemical(DOW)$</a> more than 2% each. For the <a href=\"https://ttm.financial/S/.IXIC\">$NASDAQ(.IXIC)$</a> , it was the ninth positive week out of the past ten. &nbsp;The <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> and the <a href=\"https://ttm.financial/S/.IXIC\">$NASDAQ(.IXIC)$</a> both gained nearly 7% to record their fourth positive month in a row. The Dow climbed nearly 5% and posted its best month since November 2022. U.S. st","listText":"1. MAJOR INDEXES RETURNSThe major U.S. stock indexes regained the ground they had lost the previous week and then some, as generally positive economic data lifted the <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> , the <a href=\"https://ttm.financial/S/.IXIC\">$NASDAQ(.IXIC)$</a> , and the <a href=\"https://ttm.financial/S/DOW\">$Dow Chemical(DOW)$</a> more than 2% each. For the <a href=\"https://ttm.financial/S/.IXIC\">$NASDAQ(.IXIC)$</a> , it was the ninth positive week out of the past ten. &nbsp;The <a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> and the <a href=\"https://ttm.financial/S/.IXIC\">$NASDAQ(.IXIC)$</a> both gained nearly 7% to record their fourth positive month in a row. The Dow climbed nearly 5% and posted its best month since November 2022. U.S. st","text":"1. MAJOR INDEXES RETURNSThe major U.S. stock indexes regained the ground they had lost the previous week and then some, as generally positive economic data lifted the $S&P 500(.SPX)$ , the $NASDAQ(.IXIC)$ , and the $Dow Chemical(DOW)$ more than 2% each. For the $NASDAQ(.IXIC)$ , it was the ninth positive week out of the past ten. The $S&P 500(.SPX)$ and the $NASDAQ(.IXIC)$ both gained nearly 7% to record their fourth positive month in a row. The Dow climbed nearly 5% and posted its best month since November 2022. U.S. st","images":[{"img":"https://community-static.tradeup.com/news/9bc8c50b986e06899c8009cae21a7dc2","width":"1274","height":"716"},{"img":"https://community-static.tradeup.com/news/668dda10d1f57d5d53939f71b815874d","width":"750","height":"1917"},{"img":"https://community-static.tradeup.com/news/8bc80eeae8c4821ae83699ac3fd90cd8","width":"1211","height":"437"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193851168477216","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195352000139408,"gmtCreate":1688715844687,"gmtModify":1688715851062,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"f","listText":"f","text":"f","images":[{"img":"https://community-static.tradeup.com/news/9fceb958fb774f8aec2eb0e3bd2b60a1","width":"1080","height":"1376"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195352000139408","isVote":1,"tweetType":1,"viewCount":197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":195351936950464,"gmtCreate":1688715842283,"gmtModify":1688715897885,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"","listText":"","text":"","images":[{"img":"https://community-static.tradeup.com/news/9a6ac4bf0b42d661e5668a48582ca2da","width":"1170","height":"1759"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195351936950464","isVote":1,"tweetType":1,"viewCount":168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":194775980679192,"gmtCreate":1688572653335,"gmtModify":1688572656743,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194775980679192","repostId":"194627031601248","repostType":1,"repost":{"id":194627031601248,"gmtCreate":1688557583747,"gmtModify":1688557732262,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"🌟 Commission-Free* Month for Futures is Ongoing! 🌟","htmlText":"Trade futures and get a chance to win up to USD 1000 CASH! 🤑 Plus, you can win a lucky draw chance every day! 🎁Don't miss out on this exciting opportunity to earn big rewards by trading futures. Whether you're a beginner or an experienced trader, everyone can participate and have a chance to win. 💪Start trading now and increase your chances of winning every day! 📈💰👉 Click the link below to join the campaign and take advantage of this commission-free* month:🔗 Campaign link: <a href=\"https://tigr.link/cfmsg\" target=\"_blank\">https://tigr.link/cfmsg</a>🔗 T&amp;Cs：<a href=\"https://www.tigerbrokers.com.sg/activity/forapp/rules/?id=futuresmonth&amp;lang=en_US\">Terms &amp; Conditions - Tiger Trade</a>🔗 Commission fee for futures:","listText":"Trade futures and get a chance to win up to USD 1000 CASH! 🤑 Plus, you can win a lucky draw chance every day! 🎁Don't miss out on this exciting opportunity to earn big rewards by trading futures. Whether you're a beginner or an experienced trader, everyone can participate and have a chance to win. 💪Start trading now and increase your chances of winning every day! 📈💰👉 Click the link below to join the campaign and take advantage of this commission-free* month:🔗 Campaign link: <a href=\"https://tigr.link/cfmsg\" target=\"_blank\">https://tigr.link/cfmsg</a>🔗 T&amp;Cs：<a href=\"https://www.tigerbrokers.com.sg/activity/forapp/rules/?id=futuresmonth&amp;lang=en_US\">Terms &amp; Conditions - Tiger Trade</a>🔗 Commission fee for futures:","text":"Trade futures and get a chance to win up to USD 1000 CASH! 🤑 Plus, you can win a lucky draw chance every day! 🎁Don't miss out on this exciting opportunity to earn big rewards by trading futures. Whether you're a beginner or an experienced trader, everyone can participate and have a chance to win. 💪Start trading now and increase your chances of winning every day! 📈💰👉 Click the link below to join the campaign and take advantage of this commission-free* month:🔗 Campaign link: https://tigr.link/cfmsg🔗 T&Cs：Terms & Conditions - Tiger Trade🔗 Commission fee for futures:","images":[{"img":"https://community-static.tradeup.com/news/d6ebb3ec710286bd985449e4b5c4d574","width":"1920","height":"1080"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194627031601248","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194227771682928,"gmtCreate":1688458493794,"gmtModify":1688458496202,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/XPEV\">$小鹏汽车(XPEV)$&nbsp;</a>ghgggggg","listText":"<a href=\"https://ttm.financial/S/XPEV\">$小鹏汽车(XPEV)$&nbsp;</a>ghgggggg","text":"$小鹏汽车(XPEV)$ ghgggggg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194227771682928","isVote":1,"tweetType":1,"viewCount":204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194220182802576,"gmtCreate":1688456641442,"gmtModify":1688456644709,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194220182802576","repostId":"1764901107389469","repostType":17,"repost":{"id":2335,"live_id":"1764901107389469","type":1,"live_form":0,"category_id":5,"category_name":"大咖热评","material_type":0,"regions":[6],"title":"從巴菲特股東大會睇2023全球投資趨勢","title_en":"","status":3,"abstract_en":[],"description_html":"如何理解巴菲特昨晚完說的「價值投資是別人做蠢事給的機會？「傳統智能」也許比人工智能更管用？新能源和傳統石油誰更勝一籌？」老虎證券特邀兩位專業投資人為您解讀股神觀點","description_html_en":"","source_url":"https://lpl27170.laohu8.com/live/fanyiming.m3u8","video_url":"","live_img_url":"https://p1-live.byteimg.com/tos-cn-i-gjr78lqtd0/b7d9747287da4a7297517a1ee63e77fd~tplv-gjr78lqtd0-image.image","live_img_url_en":"","activate_content":true,"expected_time":1683432000000,"time_remain":-48228039090,"start_time":0,"end_time":1683435679,"user_counter":"33","symbols":[],"speaker_info":[{"name":"TBlive","avatar":"https://static.tigerbbs.com/6539a5af294b71d8a4dff612b2369e7a","uuid":"4111216680846592"}],"abstract":[]},"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194108253221096,"gmtCreate":1688429550805,"gmtModify":1688429554003,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194108253221096","repostId":"193727272747168","repostType":1,"repost":{"id":193727272747168,"gmtCreate":1688349077650,"gmtModify":1688349867867,"author":{"id":"3566532164444643","authorId":"3566532164444643","name":"ZEROHERO","avatar":"https://static.tigerbbs.com/62813b6df1c4722e559d112fadd5486a","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3566532164444643","authorIdStr":"3566532164444643"},"themes":[],"title":"Big Inflows Into Major Equity Funds To Pump Up July 😍","htmlText":"<a href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ Trust(QQQ)$&nbsp;</a><v-v data-views=\"1\"></v-v> If investors wanted to take some money off the table after a big first half rally for stocks, there’s little evidence of it in ETF flows.&nbsp; ⚠️ Trading tips: Looking at calls above 370.5 and puts below 368.9 on Monday. A short trading weekwith&nbsp;celebration to pump the market. Bullish for the market Several of the biggest broad-market equity funds saw big inflows over the past week, according to FactSet. That includes the Vanguard S&amp;P 500 ETF (VOO) and the Invesco QQQ Trust (QQQ), which investors have actually been avoiding for most of the year despite the rally for tech stocks. Stocks rose Friday and technology names continued their staggering run to cap off a strong start to the","listText":"<a href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ Trust(QQQ)$&nbsp;</a><v-v data-views=\"1\"></v-v> If investors wanted to take some money off the table after a big first half rally for stocks, there’s little evidence of it in ETF flows.&nbsp; ⚠️ Trading tips: Looking at calls above 370.5 and puts below 368.9 on Monday. A short trading weekwith&nbsp;celebration to pump the market. Bullish for the market Several of the biggest broad-market equity funds saw big inflows over the past week, according to FactSet. That includes the Vanguard S&amp;P 500 ETF (VOO) and the Invesco QQQ Trust (QQQ), which investors have actually been avoiding for most of the year despite the rally for tech stocks. Stocks rose Friday and technology names continued their staggering run to cap off a strong start to the","text":"$Invesco QQQ Trust(QQQ)$ If investors wanted to take some money off the table after a big first half rally for stocks, there’s little evidence of it in ETF flows. ⚠️ Trading tips: Looking at calls above 370.5 and puts below 368.9 on Monday. A short trading weekwith celebration to pump the market. Bullish for the market Several of the biggest broad-market equity funds saw big inflows over the past week, according to FactSet. That includes the Vanguard S&P 500 ETF (VOO) and the Invesco QQQ Trust (QQQ), which investors have actually been avoiding for most of the year despite the rally for tech stocks. Stocks rose Friday and technology names continued their staggering run to cap off a strong start to the","images":[{"img":"https://community-static.tradeup.com/news/2df00aa1e163959a47dd6fd59627e26f","width":"975","height":"636"},{"img":"https://community-static.tradeup.com/news/8240c6adb4f9226d0ad3fcce2cff1080","width":"1284","height":"1296"},{"img":"https://community-static.tradeup.com/news/11dddd7980848e15aaa519bd21fded04","width":"1200","height":"674"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193727272747168","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186580720713872,"gmtCreate":1686591353334,"gmtModify":1686591357094,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186580720713872","repostId":"185051483709440","repostType":1,"repost":{"id":185051483709440,"gmtCreate":1686186728154,"gmtModify":1686186771552,"author":{"id":"4119585774197632","authorId":"4119585774197632","name":"Callum_Thomas","avatar":"https://community-static.tradeup.com/news/330631c73153df9dd9d6476ce73081b8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4119585774197632","authorIdStr":"4119585774197632"},"themes":[],"title":"Enjoy low VIX while it lasts","htmlText":"1.enjoy low VIX <a href=\"https://ttm.financial/S/VIX\">$Cboe Volatility Index(VIX)$</a> while it lastsImageFor those curious, VIX seasonality basically mirrors stock market seasonalityImageThere is also a prominent periodic component around 74 days in the VIX, inverse of the component in stockmarkets, unsurprisingly.2.Bit... not confirming the breakout in Tech stocks <a href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ Trust(QQQ)$</a> ImageGetting divergier...Imageindeed, and the traditional cyclical sectors are sick","listText":"1.enjoy low VIX <a href=\"https://ttm.financial/S/VIX\">$Cboe Volatility Index(VIX)$</a> while it lastsImageFor those curious, VIX seasonality basically mirrors stock market seasonalityImageThere is also a prominent periodic component around 74 days in the VIX, inverse of the component in stockmarkets, unsurprisingly.2.Bit... not confirming the breakout in Tech stocks <a href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ Trust(QQQ)$</a> ImageGetting divergier...Imageindeed, and the traditional cyclical sectors are sick","text":"1.enjoy low VIX $Cboe Volatility Index(VIX)$ while it lastsImageFor those curious, VIX seasonality basically mirrors stock market seasonalityImageThere is also a prominent periodic component around 74 days in the VIX, inverse of the component in stockmarkets, unsurprisingly.2.Bit... not confirming the breakout in Tech stocks $Invesco QQQ Trust(QQQ)$ ImageGetting divergier...Imageindeed, and the traditional cyclical sectors are sick","images":[{"img":"https://community-static.tradeup.com/news/7442057f7bc65b06423e39d5579e213c","width":"680","height":"455"},{"img":"https://community-static.tradeup.com/news/8775d14d4fdc30b4fc9dbeec633571be","width":"679","height":"462"},{"img":"https://community-static.tradeup.com/news/fdb333e97439949c40ea23165cd7138d","width":"680","height":"462"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185051483709440","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9941602307,"gmtCreate":1680175326110,"gmtModify":1680175330346,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"I love these 3 local banks so far DBS have not given me profit, waiting it to go up beyond 36. My OCBC at the moment in red (paper loss) coz i sold to take profit n intend to buy back when it is low below 12, have not managed to buy again, but it is ok, i am happy with our banks so far $DBS GROUP HOLDINGS LTD(D05.SI)$ $UNITED OVERSEAS BANK LIMITED(U11.SI)$ $OVERSEA-CHINESE BANKING CORP(O39.SI)$ for OCBC and UOB gave me profit before. Will continue to hold them for long term passive income ❤️","listText":"I love these 3 local banks so far DBS have not given me profit, waiting it to go up beyond 36. My OCBC at the moment in red (paper loss) coz i sold to take profit n intend to buy back when it is low below 12, have not managed to buy again, but it is ok, i am happy with our banks so far $DBS GROUP HOLDINGS LTD(D05.SI)$ $UNITED OVERSEAS BANK LIMITED(U11.SI)$ $OVERSEA-CHINESE BANKING CORP(O39.SI)$ for OCBC and UOB gave me profit before. Will continue to hold them for long term passive income ❤️","text":"I love these 3 local banks so far DBS have not given me profit, waiting it to go up beyond 36. My OCBC at the moment in red (paper loss) coz i sold to take profit n intend to buy back when it is low below 12, have not managed to buy again, but it is ok, i am happy with our banks so far $DBS GROUP HOLDINGS LTD(D05.SI)$ $UNITED OVERSEAS BANK LIMITED(U11.SI)$ $OVERSEA-CHINESE BANKING CORP(O39.SI)$ for OCBC and UOB gave me profit before. Will continue to hold them for long term passive income ❤️","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":166,"commentSize":14,"repostSize":2,"link":"https://ttm.financial/post/9941602307","isVote":1,"tweetType":1,"viewCount":1332,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4094168130074880","authorId":"4094168130074880","name":"Flochin","avatar":"https://static.tigerbbs.com/2e824b43138b0aa530164b5433a5564b","crmLevel":8,"crmLevelSwitch":1,"idStr":"4094168130074880","authorIdStr":"4094168130074880"},"content":"Good strategy! I accumulated these 3 banks shares over the last 25 years for dividends collection. The feeling is like having golden goose that lays golden eggs. Wish u success in Investment.","text":"Good strategy! I accumulated these 3 banks shares over the last 25 years for dividends collection. The feeling is like having golden goose that lays golden eggs. Wish u success in Investment.","html":"Good strategy! I accumulated these 3 banks shares over the last 25 years for dividends collection. The feeling is like having golden goose that lays golden eggs. Wish u success in Investment."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907228381,"gmtCreate":1660201091446,"gmtModify":1703479048112,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a>,Headline CPI increased 0% M/M in July. If this pace continues, we would finish the year with headline CPI of 6.3%. <a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a>,&nbsp; $SPY $QQQ $TSLA $NVDA $AAPL","listText":"<a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a>,Headline CPI increased 0% M/M in July. If this pace continues, we would finish the year with headline CPI of 6.3%. <a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a>,&nbsp; $SPY $QQQ $TSLA $NVDA $AAPL","text":"$S&P 500(.SPX)$,Headline CPI increased 0% M/M in July. If this pace continues, we would finish the year with headline CPI of 6.3%. $Apple(AAPL)$, $SPY $QQQ $TSLA $NVDA $AAPL","images":[{"img":"https://community-static.tradeup.com/news/0dec3141ebebeb18a6aff946fe7a115e","width":"569","height":"441"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":17,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907228381","isVote":1,"tweetType":1,"viewCount":700,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9913381327,"gmtCreate":1663912106469,"gmtModify":1676537362219,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"this is helpful","listText":"this is helpful","text":"this is helpful","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":16,"repostSize":0,"link":"https://ttm.financial/post/9913381327","repostId":"9919448600","repostType":1,"repost":{"id":9919448600,"gmtCreate":1663853733200,"gmtModify":1676537349724,"author":{"id":"4104455119105420","authorId":"4104455119105420","name":"Tiger_Academy","avatar":"https://static.tigerbbs.com/3776fe550cd7a945e43d68c025988ed8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4104455119105420","authorIdStr":"4104455119105420"},"themes":[],"title":"[Short Selling] Ways to Survive a Market Crash","htmlText":"Short selling is a concept that many friends have heard of, but few people are able to make profits through short selling during bear markets.&nbsp;This article will discuss short-selling, including its risks and benefits. I hope you will have a better understanding of short-selling&nbsp;after reading this article.1.&nbsp;What&nbsp;is&nbsp;short&nbsp;selling？Short selling is a trading strategy that speculates on the decline in a stock or other security's price.According to the image from Motley Fool's website, short selling&nbsp;is&nbsp;to borrow shares of a stock or other asset that the investor believes will decrease in value. You borrow the stock from the brokers with a certain amount of funds as a guarantee to sell, and when the stock falls, you purchase the same number of stocks at a","listText":"Short selling is a concept that many friends have heard of, but few people are able to make profits through short selling during bear markets.&nbsp;This article will discuss short-selling, including its risks and benefits. I hope you will have a better understanding of short-selling&nbsp;after reading this article.1.&nbsp;What&nbsp;is&nbsp;short&nbsp;selling？Short selling is a trading strategy that speculates on the decline in a stock or other security's price.According to the image from Motley Fool's website, short selling&nbsp;is&nbsp;to borrow shares of a stock or other asset that the investor believes will decrease in value. You borrow the stock from the brokers with a certain amount of funds as a guarantee to sell, and when the stock falls, you purchase the same number of stocks at a","text":"Short selling is a concept that many friends have heard of, but few people are able to make profits through short selling during bear markets. This article will discuss short-selling, including its risks and benefits. I hope you will have a better understanding of short-selling after reading this article.1. What is short selling？Short selling is a trading strategy that speculates on the decline in a stock or other security's price.According to the image from Motley Fool's website, short selling is to borrow shares of a stock or other asset that the investor believes will decrease in value. You borrow the stock from the brokers with a certain amount of funds as a guarantee to sell, and when the stock falls, you purchase the same number of stocks at a","images":[{"img":"https://community-static.tradeup.com/news/5fb3e599a74839fbe77bba2667333a6c","width":"880","height":"550"},{"img":"https://community-static.tradeup.com/news/3f8ed61abddb4e2467f484006375a7ca","width":"1280","height":"890"},{"img":"https://community-static.tradeup.com/news/312034bcd33ba46274cd88077322ae45","width":"1248","height":"390"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9919448600","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9962710685,"gmtCreate":1669848341847,"gmtModify":1676538254134,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"My lucky day, i bought&nbsp;<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$&nbsp;</a><a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$&nbsp;</a>s<a href=\"https://ttm.financial/S/YIN\">$Yintech Investment(YIN)$ &nbsp;</a>on premarket. great income.[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;","listText":"My lucky day, i bought&nbsp;<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$&nbsp;</a><a href=\"https://ttm.financial/S/NIO\">$NIO Inc.(NIO)$&nbsp;</a>s<a href=\"https://ttm.financial/S/YIN\">$Yintech Investment(YIN)$ &nbsp;</a>on premarket. great income.[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;[Happy]&nbsp;","text":"My lucky day, i bought $XPeng Inc.(XPEV)$ $NIO Inc.(NIO)$ s$Yintech Investment(YIN)$ on premarket. great income.[Happy] [Happy] [Happy] [Happy]","images":[{"img":"https://community-static.tradeup.com/news/b956243e7cb332b4a940a05300a245fa","width":"1170","height":"2532"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9962710685","isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9987413408,"gmtCreate":1667960340304,"gmtModify":1676537990976,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"y<a href=\"https://ttm.financial/S/BEKE\">$贝壳(BEKE)$&nbsp;</a><a href=\"https://ttm.financial/S/CRWD\">$CrowdStrike Holdings, Inc.(CRWD)$&nbsp;</a>","listText":"y<a href=\"https://ttm.financial/S/BEKE\">$贝壳(BEKE)$&nbsp;</a><a href=\"https://ttm.financial/S/CRWD\">$CrowdStrike Holdings, Inc.(CRWD)$&nbsp;</a>","text":"y$贝壳(BEKE)$ $CrowdStrike Holdings, Inc.(CRWD)$","images":[{"img":"https://community-static.tradeup.com/news/239f2c409fa1d379c4ad21ce8302d9a8","width":"828","height":"1792"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9987413408","isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},{"id":262106957828312,"gmtCreate":1705025860814,"gmtModify":1705025864625,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/262106957828312","repostId":"1787584657272873","repostType":17,"repost":{"id":2874,"live_id":"1787584657272873","type":2,"live_form":0,"category_id":5,"category_name":"大咖热评","material_type":0,"regions":[2],"title":"Exploring the Growth Potential of China's Biotech and Medtech Sectors","title_en":"Exploring the Growth Potential of China's Biotech and Medtech Sectors","status":3,"abstract_en":[],"description_html":"Bullet points: • What factors contribute to China's biotech and medtech companies as major players in these sectors? • What opportunities does China's healthcare transformation present for thematic investment in biotech and medtech? • What considerations s","description_html_en":"Bullet points: • What factors contribute to China's biotech and medtech companies as major players in these sectors? • What opportunities does China's healthcare transformation present for thematic investment in biotech and medtech? • What considerations s","source_url":"-","video_url":"","live_img_url":"https://p1-live.byteimg.com/tos-cn-i-gjr78lqtd0/b7c1748979e1484da337a6cf968c5f9a~tplv-gjr78lqtd0-z75.image","live_img_url_en":"https://p1-live.byteimg.com/tos-cn-i-gjr78lqtd0/b7c1748979e1484da337a6cf968c5f9a~tplv-gjr78lqtd0-z75.image","activate_content":true,"expected_time":1704873600000,"time_remain":-26785397816,"start_time":0,"end_time":1704874926,"user_counter":"0","symbols":[],"speaker_info":[],"abstract":[]},"isVote":1,"tweetType":1,"viewCount":378,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":216136692637936,"gmtCreate":1693798463722,"gmtModify":1693798466282,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"[得意]//<a href=\"https://ttm.financial/U/3571627110799155\">@JJQ</a>:<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a> &nbsp; Awesome News! 💪🌝🚀","listText":"[得意]//<a href=\"https://ttm.financial/U/3571627110799155\">@JJQ</a>:<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a> &nbsp; Awesome News! 💪🌝🚀","text":"[得意]//@JJQ:$Sea Ltd(SE)$ Awesome News! 💪🌝🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/216136692637936","repostId":"214814978351256","repostType":1,"repost":{"id":214814978351256,"gmtCreate":1693482104419,"gmtModify":1693482108646,"author":{"id":"3571627110799155","authorId":"3571627110799155","name":"JJQ","avatar":"https://community-static.tradeup.com/news/56f38f5ea7b683e48c466bc341ca6d33","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571627110799155","authorIdStr":"3571627110799155"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a> &nbsp; Awesome News! 💪🌝🚀","listText":"<a href=\"https://ttm.financial/S/SE\">$Sea Ltd(SE)$&nbsp;</a> &nbsp; Awesome News! 💪🌝🚀","text":"$Sea Ltd(SE)$ Awesome News! 💪🌝🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/214814978351256","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":678,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9902263537,"gmtCreate":1659708978631,"gmtModify":1704707016608,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"Great article! I would like to share it.","listText":"Great article! I would like to share it.","text":"Great article! I would like to share it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902263537","repostId":"9076958679","repostType":1,"repost":{"id":9076958679,"gmtCreate":1657777104952,"gmtModify":1676536060733,"author":{"id":"3448793367875557","authorId":"3448793367875557","name":"TechnicalHunter","avatar":"https://static.tigerbbs.com/20616c062c392e47ee8fc9107f46437d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3448793367875557","authorIdStr":"3448793367875557"},"themes":[],"title":"In Bear Market, Leader Stocks Tends Bottom Before Indexes","htmlText":"Key&nbsp;Points1.&nbsp;The indexes may lead to hitthe bottom of before&nbsp;the CPI&nbsp;hit.2.&nbsp;In Bear Markets, leaders tend to bottom before the indices do.&nbsp;Inflation jumped&nbsp;&nbsp;to 9.1% in June on a persistent climb in&nbsp;gas, food and&nbsp;rentcosts, notching another 40-year high&nbsp;and likely solidifying the Federal Reserve’s plans for another big rate hikethis month,&nbsp;this in turn puts pressure on U.S. stocks.According to the experience of the great inflation in the 1970s, the index may lead to hit&nbsp;the bottom of before&nbsp;the CPI.For example, in the great inflation of the United States in 1974, the CPI peaked at the end of 1974, while the S&amp;P 500 bottomed out and rebounded 3 months earlier.From 1979 to 1980, U.S. inflation,&nbsp;the CPI peak exceede","listText":"Key&nbsp;Points1.&nbsp;The indexes may lead to hitthe bottom of before&nbsp;the CPI&nbsp;hit.2.&nbsp;In Bear Markets, leaders tend to bottom before the indices do.&nbsp;Inflation jumped&nbsp;&nbsp;to 9.1% in June on a persistent climb in&nbsp;gas, food and&nbsp;rentcosts, notching another 40-year high&nbsp;and likely solidifying the Federal Reserve’s plans for another big rate hikethis month,&nbsp;this in turn puts pressure on U.S. stocks.According to the experience of the great inflation in the 1970s, the index may lead to hit&nbsp;the bottom of before&nbsp;the CPI.For example, in the great inflation of the United States in 1974, the CPI peaked at the end of 1974, while the S&amp;P 500 bottomed out and rebounded 3 months earlier.From 1979 to 1980, U.S. inflation,&nbsp;the CPI peak exceede","text":"Key Points1. The indexes may lead to hitthe bottom of before the CPI hit.2. In Bear Markets, leaders tend to bottom before the indices do. Inflation jumped to 9.1% in June on a persistent climb in gas, food and rentcosts, notching another 40-year high and likely solidifying the Federal Reserve’s plans for another big rate hikethis month, this in turn puts pressure on U.S. stocks.According to the experience of the great inflation in the 1970s, the index may lead to hit the bottom of before the CPI.For example, in the great inflation of the United States in 1974, the CPI peaked at the end of 1974, while the S&P 500 bottomed out and rebounded 3 months earlier.From 1979 to 1980, U.S. inflation, the CPI peak exceede","images":[{"img":"https://community-static.tradeup.com/news/a0912156a48fe855e1c2f279a04c804d","width":"1220","height":"672"},{"img":"https://community-static.tradeup.com/news/f8de408a8762003ef234a9a6961ceb5c","width":"1035","height":"643"},{"img":"https://community-static.tradeup.com/news/3fa60f1229779590a0380f9bf4ee988a","width":"938","height":"153"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9076958679","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":17,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9908152854,"gmtCreate":1659345207878,"gmtModify":1705979323993,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"post a theme&nbsp;","listText":"post a theme&nbsp;","text":"post a theme","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908152854","isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9904035405,"gmtCreate":1659956740709,"gmtModify":1703476351050,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BBBY\">$Bed Bath &amp; Beyond(BBBY)$</a>most discussed.on shortsqueez in the past hour","listText":"<a href=\"https://ttm.financial/S/BBBY\">$Bed Bath &amp; Beyond(BBBY)$</a>most discussed.on shortsqueez in the past hour","text":"$Bed Bath & Beyond(BBBY)$most discussed.on shortsqueez in the past hour","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9904035405","isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9902285742,"gmtCreate":1659708103489,"gmtModify":1704704487762,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"Great article! I would like to share it.","listText":"Great article! I would like to share it.","text":"Great article! I would like to share it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902285742","repostId":"9902646125","repostType":1,"repost":{"id":9902646125,"gmtCreate":1659696604772,"gmtModify":1704785986897,"author":{"id":"9000000000000419","authorId":"9000000000000419","name":"WallStreet_Tiger","avatar":"https://community-static.tradeup.com/news/1fdbba25bcf5dea3f281241ba1320d10","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"9000000000000419","authorIdStr":"9000000000000419"},"themes":[],"title":"Biotech ETFs Buys Alerts : XBI, IBB, LABU, BIB, BBH, ARKG","htmlText":"Biotech&nbsp;ETFs Looks Like an Inverse Head and Shoulders Developing.&nbsp;Health care services, pharmaceuticals, and biotech are 3 subsector ETFs with “bullish” or better ratings.<a target=\"_blank\" href=\"https://laohu8.com/S/XBI\">$Spdr S&amp;P Biotech Etf(XBI)$</a> , <a target=\"_blank\" href=\"https://laohu8.com/S/IBB\">$iShares Biotechnology ETF(IBB)$</a> , <a target=\"_blank\" href=\"https://laohu8.com/S/LABU\">$S&amp;P Biotech Bull 3X Shares(LABU)$</a> ,<a target=\"_blank\" href=\"https://laohu8.com/S/BIB\">$ProShares Ultra Nasdaq Biotechnology(BIB)$</a> ,<a target=\"_blank\" href=\"https://laohu8.com/S/BBH\">$VanEck Biotech ETF(BBH)$</a> , <a target=\"_blank\" href=\"https://laohu8.com/S/ARKG\">$ARK Genomic Revolution Multi-Sector ETF(ARKG)$</a> .Biotech&nbsp;are&nbsp;Hot Sector&nbsp;this&nbsp;week.&amp;nb","listText":"Biotech&nbsp;ETFs Looks Like an Inverse Head and Shoulders Developing.&nbsp;Health care services, pharmaceuticals, and biotech are 3 subsector ETFs with “bullish” or better ratings.<a target=\"_blank\" href=\"https://laohu8.com/S/XBI\">$Spdr S&amp;P Biotech Etf(XBI)$</a> , <a target=\"_blank\" href=\"https://laohu8.com/S/IBB\">$iShares Biotechnology ETF(IBB)$</a> , <a target=\"_blank\" href=\"https://laohu8.com/S/LABU\">$S&amp;P Biotech Bull 3X Shares(LABU)$</a> ,<a target=\"_blank\" href=\"https://laohu8.com/S/BIB\">$ProShares Ultra Nasdaq Biotechnology(BIB)$</a> ,<a target=\"_blank\" href=\"https://laohu8.com/S/BBH\">$VanEck Biotech ETF(BBH)$</a> , <a target=\"_blank\" href=\"https://laohu8.com/S/ARKG\">$ARK Genomic Revolution Multi-Sector ETF(ARKG)$</a> .Biotech&nbsp;are&nbsp;Hot Sector&nbsp;this&nbsp;week.&amp;nb","text":"Biotech ETFs Looks Like an Inverse Head and Shoulders Developing. Health care services, pharmaceuticals, and biotech are 3 subsector ETFs with “bullish” or better ratings.$Spdr S&P Biotech Etf(XBI)$ , $iShares Biotechnology ETF(IBB)$ , $S&P Biotech Bull 3X Shares(LABU)$ ,$ProShares Ultra Nasdaq Biotechnology(BIB)$ ,$VanEck Biotech ETF(BBH)$ , $ARK Genomic Revolution Multi-Sector ETF(ARKG)$ .Biotech are Hot Sector this week.&nb","images":[{"img":"https://community-static.tradeup.com/news/bf25adc682d2a984c07ecf5703af8cf5","width":"1080","height":"720"},{"img":"https://community-static.tradeup.com/news/b629a6c03e35c43561dd36afff6cff61","width":"840","height":"470"},{"img":"https://community-static.tradeup.com/news/de3428bad175af25ad47443748827060","width":"840","height":"470"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902646125","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":7,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":289062252638384,"gmtCreate":1711596385865,"gmtModify":1711596387700,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"[Miser]&nbsp;&nbsp;","listText":"[Miser]&nbsp;&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/289062252638384","repostId":"2422792871","repostType":2,"repost":{"id":"2422792871","pubTimestamp":1711595251,"share":"https://ttm.financial/m/news/2422792871?lang=&edition=fundamental","pubTime":"2024-03-28 11:07","market":"us","language":"en","title":"Why Microsoft's Cybersecurity Business Is A Key Growth Story To Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=2422792871","media":"Seekingalpha","summary":"Microsoft Corporation's cybersecurity business is the world's leading company by revenue, with revenue from cybersecurity verticals expected to reach $25 billion in FY 2024.Microsoft's Copilot for Sec","content":"<html><head></head><body><ul style=\"\"><li><p>Microsoft Corporation&#39;s cybersecurity business is the world&#39;s leading company by revenue, with revenue from cybersecurity verticals expected to reach $25 billion in FY 2024.</p></li><li><p>Microsoft&#39;s Copilot for Security tool will have new enhancements, including tailored promptbooks, support for multiple languages, and integration with third-party services.</p></li><li><p>The cybersecurity market is expanding significantly, with double-digit YoY growth rates expected to continue, creating whitespace for further growth for Microsoft.</p></li><li><p>Although I like Microsoft&#39;s cybersecurity position, as a group the company looks richly valued, trading at an EV/EBIT of around 30x. Thus, I reiterate a &#34;Hold&#34; rating on Microsoft shares.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/209ed34ff91c8bb8ea65687eb180858a\" tg-width=\"750\" tg-height=\"563\"/></p><p>FinkAvenu</p><p>On March 13rd, Microsoft Corporation announced that its Copilot for Security tool will become widely available to customers starting April 1, featuring new enhancements. The Copilot for Security enables cybersecurity experts to leverage generative artificial intelligence for various tasks, including incident summaries, vulnerability assessments, and data sharing. In that context, Microsoft highlighted the addition of several new functionalities to the tool, such as tailored promptbooks, support for multiple languages, integration with third-party services, as well as detailed usage reports.</p><p>I take Microsoft&#39;s Copilot announcement as a prompt to conduct a deep dive into Microsoft&#39;s enormous cybersecurity business, which I believe holds vast, arguably underappreciated, potential for MSFT investors long term. Moreover, as the cybersecurity industry continues to evolve and gain importance, the industry is set for accelerating commercial momentum in 2024. In fact, according to various CIO surveys, IT budgets are set to expand in 2024, and within IT, the demand for cybersecurity is anticipated to outpace the broader software spent. On that note, I argue that a 20-25% YoY top line growth for Microsoft&#39;s cybersecurity business may be reasonable in CY 2024.</p><p>For context, Microsoft stock has notably outperformed the broad equities market YTD. Since the start of the year, MSFT shares are up about 11%, compared to a gain of approximately 8% for the S&amp;P 500 (SP500).</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/05f76dce873eeee3cb4cbcacabc5093d\" tg-width=\"640\" tg-height=\"234\"/></p><p>Seeking Alpha</p><h2 id=\"id_667030412\">Microsoft&#39;s Cybersecurity Business Is Very Big...</h2><p>Microsoft&#39;s cybersecurity business is very big. In fact, Microsoft is the world&#39;s leading cybersecurity franchise by revenue. In CY 2023, Microsoft disclosed that the group&#39;s revenue from cybersecurity verticals topped $20 billion. This figure has likely grown to around $25 billion in CY 2024, extrapolating a 25% YoY industry growth as suggested by peers.</p><p>Furthermore, the figure is expected to jump to above $30 billion by CY 2025, assuming the cybersecurity growth momentum is expected to continue. Modelling Microsoft&#39;s cybersecurity growth back to CY 2020, based on company disclosures, it is noteworthy to point out a ~40% CAGR from 2020 through CY 2024 (expected), compared to a ~15% CAGR for the broader group.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/71720cafb6e8298da72ae381c96f4e6a\" tg-width=\"640\" tg-height=\"340\"/></p><p>Microsoft disclosures; Cavenagh Research estimates</p><h2 id=\"id_3913866348\">...With Attractive Whitespace For Further Growth</h2><p>From a more structural growth perspective, investors should consider that the cybersecurity market continues to expand attractively. In fact, Gartner projected that the Total Addressable Market, or TAM, for the cybersecurity industry topped $188 billion in 2023, growing about 13% YoY. Moreover, greater than double-digit YoY growth rates are expected to persist through the next 5 years, as cybersecurity is projected to claim an increasingly larger share of overall IT spending.</p><p>There are quite a few factors driving this, including increasing digital importance for both businesses and individuals, the rise of cloud computing, increasing quantity and sophistication of cyber attacks, as well as regulatory requirements in order to protect trade secrets. On that note, I&#39;d like to highlight Microsoft&#39;s dominance in the market as a SaaS cybersecurity platform vendor. With a proven history of capturing market share across various essential cybersecurity sectors, Microsoft is solidifying its position as a &#34;one-stop shop&#34; for digital protection. Moreover, Microsoft&#39;s rising strength with some of the company&#39;s newer components like identity protection and cloud workload security further underscore the company&#39;s standing in the cybersecurity landscape.</p><p>There are quite a few notable arguments why Microsoft is taking share in the cyber security market, and Microsoft may significantly outgrow the broader market backdrop, potentially capturing a 20% CAGR over the next 5 years. First of all, I point out that Microsoft has an enormous customer base in the enterprise market, having penetrated a vast installed base across various products, operating systems, productivity tools, and cloud services. This broad reach allows Microsoft to integrate its security solutions seamlessly across multiple platforms, making it easier for businesses to adopt and implement Microsoft&#39;s security measures.</p><p>Secondly, and this is related to the first argument, Microsoft&#39;s security solutions are tightly integrated with its product portfolio such as Windows, Office 365, and Azure. This not only improves customer experience through sourcing cybersecurity protection as an add-on directly from the product vendor, but also strengthens Microsoft competitive edge vs. cybersecurity peers, because Microsoft&#39;s deep understanding of the product/ customer data to improves the R&amp;D for cybersecurity product development.</p><p>Thirdly, Microsoft&#39;s broad leadership in working with and developing AI catalyses spill over benefits to the company&#39;s cybersecurity offering, as the technology is able to detect, analyze, and respond to threats more effectively. Lastly, Microsoft offers a comprehensive cybersecurity portfolio, offering a wide range of security solutions covering identity, security and access management, as well as threat and information protection. This making Microsoft a one-stop cybersecurity shop for many organizations.</p><p>Taking (i) access management, (ii) endpoint security and (iii) security and event management as the key reference applications in notable cybersecurity sub-segments, it is noteworthy to point out that Microsoft is the only company operating in all segments as a leader, according to Gartner. Most competitors, on the other hand, have quite a narrow field of strength: <a href=\"https://laohu8.com/S/OKTA\">Okta Inc.</a> (OKTA) is strong in access management; CrowdStrike (CRWD) and SentinelOne (S) are strong in endpoint security, and Splunk is strong in security information and event management.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fd9ddacc9d8e8ca77bb043540af643be\" tg-width=\"640\" tg-height=\"228\"/></p><p>Gartner</p><h2 id=\"id_2126143327\">Cybersecurity Could Thrive in 2024&#39;s Bull Market</h2><p>Heading into 2024, the forecast for IT budgets looks increasingly positive. This optimistic trend was supported by observations from Q3 conference discussions, indicating shorter sales cycles for new customers and quicker invoicing for current clients. This change is especially advantageous for cybersecurity funding. The need for effective cyber defense is becoming more urgent due to rising geopolitical tensions and the sophisticated security challenges posed by advancements in GenAI, such as deep-fakes, data corruption, and adversarial threats. Reflecting this, Qualys reported an alarming 26,447 vulnerabilities in 2023, an increase from 2022 and marking the seventh consecutive year of growth in vulnerabilities. Additionally, there was a 72% YoY increase in ransomware incidents in 2023, with attackers rapidly adopting new GenAI technologies to craft malware more efficiently.</p><p>In line with this growing security risk, the Piper Sandler 2024 CIO Survey (released on December 11, 2023) shows a strong outlook for cybersecurity expenditure, with it being a top priority for IT budget planners. The survey highlights significant investment focus on areas such as Cloud Security, Endpoint Security, Threat Intelligence, and Network Detection &amp; Response, aligning well with CrowdStrike’s areas of specialization. Likewise, surveys from UBS, Jefferies, and Morgan Stanley project a surge in cybersecurity budgets, emphasizing the importance of addressing GenAI-associated security challenges. Admittedly, the survey are about 2-3 months old.</p><p>But still, the fundamental takeaway, projecting strong demand for cybersecurity solutions in 2024, should not have changed over the past quarter. Thus, overall, I am confident in my earlier statement that Microsoft&#39;s cybersecurity business could expand 20-25% YoY in CY 2024, growing to $25 billion in total sales.</p><h2 id=\"id_709907835\">Valuation &amp; Investor Takeaway</h2><p>Microsoft is the world&#39;s largest cybersecurity vendor, generating about $25 billion of annual revenues. On that note, as the cybersecurity sector undergoes continuous evolution and attains heightened significance, it&#39;s poised for rapid commercial advancement in 2024. Recent CIO surveys indicate a projected expansion of IT budgets for the year, with cybersecurity emerging as a focal point surpassing other software expenditures. Accordingly, I argue that expecting a 20-25% YoY growth in Microsoft&#39;s cybersecurity business revenue for CY 2024 appears feasible.</p><p>Although I like Microsoft&#39;s cybersecurity position, it is important to note that investors can not directly invest in Microsoft&#39;s cyber security business. Accordingly, it is important to understand the broader valuation backdrop for Microsoft stock. On that note, taking the group perspective, Microsoft stock looks richly valued, trading at an EV/ EBIT of around 30x, suggesting a 45% premium to the IT sector, according to data collected by Seeking Alpha.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/45d0106ddeafa5265857d5a6713f219a\" tg-width=\"640\" tg-height=\"523\"/></p><p>Seeking Alpha</p><p>In context of valuation, I understand that early indicators show that Microsoft&#39;s adoption of AI technology is robust, positioning the company as a leader in a sector expected to drive significant growth in the next decade or more. This makes a compelling case for long-term investment in Microsoft. However, with other GenAi leaders like Google (GOOG) and <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> (META) both trading at a more reasonable 20x EV/ EBIT valuation, I prefer investment in these businesses and stay on the sidelines for Microsoft Corporation.</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>Why Microsoft's Cybersecurity Business Is A Key Growth Story To Watch</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\">\nWhy Microsoft's Cybersecurity Business Is A Key Growth Story To Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-28 11:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4680812-why-microsoft-cybersecurity-business-is-key-growth-story-to-watch><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microsoft Corporation's cybersecurity business is the world's leading company by revenue, with revenue from cybersecurity verticals expected to reach $25 billion in FY 2024.Microsoft's Copilot for ...</p>\n\n<a href=\"https://seekingalpha.com/article/4680812-why-microsoft-cybersecurity-business-is-key-growth-story-to-watch\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4566":"资本集团","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","BK4535":"淡马锡持仓","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4538":"云计算","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","BK4116":"互联网服务与基础架构","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0149725797.USD":"汇丰美国股市经济规模基金","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","MSFT":"微软","BK4561":"索罗斯持仓","BK4097":"系统软件","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","BK4560":"网络安全概念","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","LU0109391861.USD":"富兰克林美国机遇基金A Acc","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","BK4539":"次新股","LU0056508442.USD":"贝莱德世界科技基金A2","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4532":"文艺复兴科技持仓","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","BK4585":"ETF&股票定投概念","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4576":"AR","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC"},"source_url":"https://seekingalpha.com/article/4680812-why-microsoft-cybersecurity-business-is-key-growth-story-to-watch","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2422792871","content_text":"Microsoft Corporation's cybersecurity business is the world's leading company by revenue, with revenue from cybersecurity verticals expected to reach $25 billion in FY 2024.Microsoft's Copilot for Security tool will have new enhancements, including tailored promptbooks, support for multiple languages, and integration with third-party services.The cybersecurity market is expanding significantly, with double-digit YoY growth rates expected to continue, creating whitespace for further growth for Microsoft.Although I like Microsoft's cybersecurity position, as a group the company looks richly valued, trading at an EV/EBIT of around 30x. Thus, I reiterate a \"Hold\" rating on Microsoft shares.FinkAvenuOn March 13rd, Microsoft Corporation announced that its Copilot for Security tool will become widely available to customers starting April 1, featuring new enhancements. The Copilot for Security enables cybersecurity experts to leverage generative artificial intelligence for various tasks, including incident summaries, vulnerability assessments, and data sharing. In that context, Microsoft highlighted the addition of several new functionalities to the tool, such as tailored promptbooks, support for multiple languages, integration with third-party services, as well as detailed usage reports.I take Microsoft's Copilot announcement as a prompt to conduct a deep dive into Microsoft's enormous cybersecurity business, which I believe holds vast, arguably underappreciated, potential for MSFT investors long term. Moreover, as the cybersecurity industry continues to evolve and gain importance, the industry is set for accelerating commercial momentum in 2024. In fact, according to various CIO surveys, IT budgets are set to expand in 2024, and within IT, the demand for cybersecurity is anticipated to outpace the broader software spent. On that note, I argue that a 20-25% YoY top line growth for Microsoft's cybersecurity business may be reasonable in CY 2024.For context, Microsoft stock has notably outperformed the broad equities market YTD. Since the start of the year, MSFT shares are up about 11%, compared to a gain of approximately 8% for the S&P 500 (SP500).Seeking AlphaMicrosoft's Cybersecurity Business Is Very Big...Microsoft's cybersecurity business is very big. In fact, Microsoft is the world's leading cybersecurity franchise by revenue. In CY 2023, Microsoft disclosed that the group's revenue from cybersecurity verticals topped $20 billion. This figure has likely grown to around $25 billion in CY 2024, extrapolating a 25% YoY industry growth as suggested by peers.Furthermore, the figure is expected to jump to above $30 billion by CY 2025, assuming the cybersecurity growth momentum is expected to continue. Modelling Microsoft's cybersecurity growth back to CY 2020, based on company disclosures, it is noteworthy to point out a ~40% CAGR from 2020 through CY 2024 (expected), compared to a ~15% CAGR for the broader group.Microsoft disclosures; Cavenagh Research estimates...With Attractive Whitespace For Further GrowthFrom a more structural growth perspective, investors should consider that the cybersecurity market continues to expand attractively. In fact, Gartner projected that the Total Addressable Market, or TAM, for the cybersecurity industry topped $188 billion in 2023, growing about 13% YoY. Moreover, greater than double-digit YoY growth rates are expected to persist through the next 5 years, as cybersecurity is projected to claim an increasingly larger share of overall IT spending.There are quite a few factors driving this, including increasing digital importance for both businesses and individuals, the rise of cloud computing, increasing quantity and sophistication of cyber attacks, as well as regulatory requirements in order to protect trade secrets. On that note, I'd like to highlight Microsoft's dominance in the market as a SaaS cybersecurity platform vendor. With a proven history of capturing market share across various essential cybersecurity sectors, Microsoft is solidifying its position as a \"one-stop shop\" for digital protection. Moreover, Microsoft's rising strength with some of the company's newer components like identity protection and cloud workload security further underscore the company's standing in the cybersecurity landscape.There are quite a few notable arguments why Microsoft is taking share in the cyber security market, and Microsoft may significantly outgrow the broader market backdrop, potentially capturing a 20% CAGR over the next 5 years. First of all, I point out that Microsoft has an enormous customer base in the enterprise market, having penetrated a vast installed base across various products, operating systems, productivity tools, and cloud services. This broad reach allows Microsoft to integrate its security solutions seamlessly across multiple platforms, making it easier for businesses to adopt and implement Microsoft's security measures.Secondly, and this is related to the first argument, Microsoft's security solutions are tightly integrated with its product portfolio such as Windows, Office 365, and Azure. This not only improves customer experience through sourcing cybersecurity protection as an add-on directly from the product vendor, but also strengthens Microsoft competitive edge vs. cybersecurity peers, because Microsoft's deep understanding of the product/ customer data to improves the R&D for cybersecurity product development.Thirdly, Microsoft's broad leadership in working with and developing AI catalyses spill over benefits to the company's cybersecurity offering, as the technology is able to detect, analyze, and respond to threats more effectively. Lastly, Microsoft offers a comprehensive cybersecurity portfolio, offering a wide range of security solutions covering identity, security and access management, as well as threat and information protection. This making Microsoft a one-stop cybersecurity shop for many organizations.Taking (i) access management, (ii) endpoint security and (iii) security and event management as the key reference applications in notable cybersecurity sub-segments, it is noteworthy to point out that Microsoft is the only company operating in all segments as a leader, according to Gartner. Most competitors, on the other hand, have quite a narrow field of strength: Okta Inc. (OKTA) is strong in access management; CrowdStrike (CRWD) and SentinelOne (S) are strong in endpoint security, and Splunk is strong in security information and event management.GartnerCybersecurity Could Thrive in 2024's Bull MarketHeading into 2024, the forecast for IT budgets looks increasingly positive. This optimistic trend was supported by observations from Q3 conference discussions, indicating shorter sales cycles for new customers and quicker invoicing for current clients. This change is especially advantageous for cybersecurity funding. The need for effective cyber defense is becoming more urgent due to rising geopolitical tensions and the sophisticated security challenges posed by advancements in GenAI, such as deep-fakes, data corruption, and adversarial threats. Reflecting this, Qualys reported an alarming 26,447 vulnerabilities in 2023, an increase from 2022 and marking the seventh consecutive year of growth in vulnerabilities. Additionally, there was a 72% YoY increase in ransomware incidents in 2023, with attackers rapidly adopting new GenAI technologies to craft malware more efficiently.In line with this growing security risk, the Piper Sandler 2024 CIO Survey (released on December 11, 2023) shows a strong outlook for cybersecurity expenditure, with it being a top priority for IT budget planners. The survey highlights significant investment focus on areas such as Cloud Security, Endpoint Security, Threat Intelligence, and Network Detection & Response, aligning well with CrowdStrike’s areas of specialization. Likewise, surveys from UBS, Jefferies, and Morgan Stanley project a surge in cybersecurity budgets, emphasizing the importance of addressing GenAI-associated security challenges. Admittedly, the survey are about 2-3 months old.But still, the fundamental takeaway, projecting strong demand for cybersecurity solutions in 2024, should not have changed over the past quarter. Thus, overall, I am confident in my earlier statement that Microsoft's cybersecurity business could expand 20-25% YoY in CY 2024, growing to $25 billion in total sales.Valuation & Investor TakeawayMicrosoft is the world's largest cybersecurity vendor, generating about $25 billion of annual revenues. On that note, as the cybersecurity sector undergoes continuous evolution and attains heightened significance, it's poised for rapid commercial advancement in 2024. Recent CIO surveys indicate a projected expansion of IT budgets for the year, with cybersecurity emerging as a focal point surpassing other software expenditures. Accordingly, I argue that expecting a 20-25% YoY growth in Microsoft's cybersecurity business revenue for CY 2024 appears feasible.Although I like Microsoft's cybersecurity position, it is important to note that investors can not directly invest in Microsoft's cyber security business. Accordingly, it is important to understand the broader valuation backdrop for Microsoft stock. On that note, taking the group perspective, Microsoft stock looks richly valued, trading at an EV/ EBIT of around 30x, suggesting a 45% premium to the IT sector, according to data collected by Seeking Alpha.Seeking AlphaIn context of valuation, I understand that early indicators show that Microsoft's adoption of AI technology is robust, positioning the company as a leader in a sector expected to drive significant growth in the next decade or more. This makes a compelling case for long-term investment in Microsoft. However, with other GenAi leaders like Google (GOOG) and Meta Platforms (META) both trading at a more reasonable 20x EV/ EBIT valuation, I prefer investment in these businesses and stay on the sidelines for Microsoft Corporation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194227771682928,"gmtCreate":1688458493794,"gmtModify":1688458496202,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/XPEV\">$小鹏汽车(XPEV)$&nbsp;</a>ghgggggg","listText":"<a href=\"https://ttm.financial/S/XPEV\">$小鹏汽车(XPEV)$&nbsp;</a>ghgggggg","text":"$小鹏汽车(XPEV)$ ghgggggg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194227771682928","isVote":1,"tweetType":1,"viewCount":204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941025760,"gmtCreate":1679888920650,"gmtModify":1679888923441,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/FUT/GCmain\">$黄金主连 2304(GCmain)$&nbsp;</a><v-v data-views=\"1\"></v-v>[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","listText":"<a href=\"https://ttm.financial/FUT/GCmain\">$黄金主连 2304(GCmain)$&nbsp;</a><v-v data-views=\"1\"></v-v>[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;[财迷]&nbsp;","text":"$黄金主连 2304(GCmain)$ [财迷] [财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941025760","isVote":1,"tweetType":1,"viewCount":88,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954723956,"gmtCreate":1676649216275,"gmtModify":1676649221938,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954723956","repostId":"9954497374","repostType":1,"repost":{"id":9954497374,"gmtCreate":1676527994798,"gmtModify":1676644309109,"author":{"id":"3527667668165440","authorId":"3527667668165440","name":"Capital_Insights","avatar":"https://static.tigerbbs.com/cfdc66fff48bb2b9e2d328ac5eb33100","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667668165440","authorIdStr":"3527667668165440"},"themes":[],"title":"[Reward]How do you like Charlie Munger‘s wisdom on life & investing ","htmlText":"Recently, What&nbsp;I heard the sharing from Munger that touched me the most is&nbsp;about \"the secret of&nbsp;a Long-Lasting Marriage\"?Munger said，\"The secret to a long-lasting marriage is to lower your expectations,\"Source: www.wonderfulquote.com/Munger's psychological habit of setting low expectations is deeply ingrained, because he feels that high expectations will lead to faultfinding, so he is also habitually not expecting too much on the road to happiness. Low expectations make people less likely to be disappointed.In addition, one more important thing before marriage: looking for a spouse, both&nbsp;he and his good&nbsp;friend and business partner-Warren Buffett, have relatively consistent views:Warren&nbsp;Buffett: The most important decision in life is whom to marry. When it come","listText":"Recently, What&nbsp;I heard the sharing from Munger that touched me the most is&nbsp;about \"the secret of&nbsp;a Long-Lasting Marriage\"?Munger said，\"The secret to a long-lasting marriage is to lower your expectations,\"Source: www.wonderfulquote.com/Munger's psychological habit of setting low expectations is deeply ingrained, because he feels that high expectations will lead to faultfinding, so he is also habitually not expecting too much on the road to happiness. Low expectations make people less likely to be disappointed.In addition, one more important thing before marriage: looking for a spouse, both&nbsp;he and his good&nbsp;friend and business partner-Warren Buffett, have relatively consistent views:Warren&nbsp;Buffett: The most important decision in life is whom to marry. When it come","text":"Recently, What I heard the sharing from Munger that touched me the most is about \"the secret of a Long-Lasting Marriage\"?Munger said，\"The secret to a long-lasting marriage is to lower your expectations,\"Source: www.wonderfulquote.com/Munger's psychological habit of setting low expectations is deeply ingrained, because he feels that high expectations will lead to faultfinding, so he is also habitually not expecting too much on the road to happiness. Low expectations make people less likely to be disappointed.In addition, one more important thing before marriage: looking for a spouse, both he and his good friend and business partner-Warren Buffett, have relatively consistent views:Warren Buffett: The most important decision in life is whom to marry. When it come","images":[{"img":"https://community-static.tradeup.com/news/076d9f6f5f130f6e5c15ee46a3939872","width":"882","height":"448"},{"img":"https://community-static.tradeup.com/news/26ecf5362b8aeeeb2264667648a38bdd","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/2e94ced4e33b5fa5d227f036ae2f963b","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954497374","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":76,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954925759,"gmtCreate":1675943912772,"gmtModify":1675943916309,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"I think it's good. I think it's good.","listText":"I think it's good. I think it's good.","text":"I think it's good. I think it's good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954925759","isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955307987,"gmtCreate":1675177750249,"gmtModify":1676538982206,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955307987","repostId":"9952587737","repostType":1,"repost":{"id":9952587737,"gmtCreate":1674822143129,"gmtModify":1676538960803,"author":{"id":"4120985713612402","authorId":"4120985713612402","name":"Gary_Glover","avatar":"https://community-static.tradeup.com/news/f2d4977fca009f3c67fd23efac5e688c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4120985713612402","authorIdStr":"4120985713612402"},"themes":[],"htmlText":"\n \n \n  How Do You Trade Reporting Season? | Shares to Trade this week | The 30 30 List\n \n","listText":"How Do You Trade Reporting Season? | Shares to Trade this week | The 30 30 List","text":"How Do You Trade Reporting Season? | Shares to Trade this week | The 30 30 List","images":[],"top":1,"highlighted":2,"essential":2,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952587737","isVote":1,"tweetType":2,"object":{"id":"0f423987b7a04e7aa552baf4da4dae47","tweetId":"9952587737","title":"How Do You Trade Reporting Season? | Shares to Trade this week | The 30 30 List","videoUrl":"http://v.tigerbbs.com/1674822137370269a3e52160658af8e8d1da28bdb0899.mp4","poster":"https://static.tigerbbs.com/0096e1d1f1c1728803e1857be273e22c","shareLink":"http://v.tigerbbs.com/1674822137370269a3e52160658af8e8d1da28bdb0899.mp4"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":90,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965945893,"gmtCreate":1669883935113,"gmtModify":1676538262900,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"Great article! I would like to share it.","listText":"Great article! I would like to share it.","text":"Great article! I would like to share it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965945893","repostId":"9962162137","repostType":1,"repost":{"id":9962162137,"gmtCreate":1669736088830,"gmtModify":1676538233159,"author":{"id":"3527667668165440","authorId":"3527667668165440","name":"Capital_Insights","avatar":"https://static.tigerbbs.com/cfdc66fff48bb2b9e2d328ac5eb33100","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667668165440","authorIdStr":"3527667668165440"},"themes":[],"title":"Goldman Sachs & Morgan Stanley: China Stocks to Buy for 2023","htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/BILI\">$Bilibili Inc.(BILI)$</a> <a target=\"_blank\" href=\"https://laohu8.com/S/DADA\">$Dada Nexus Limited(DADA)$</a> <a target=\"_blank\" href=\"https://laohu8.com/S/YINN\">$FTSE China Bull 3X Shares(YINN)$</a> ,<a target=\"_blank\" href=\"https://laohu8.com/S/XPP\">$ProShares Ultra FTSE China 50(XPP)$</a> Jump&nbsp;on&nbsp;Tuesday‘s&nbsp;early&nbsp;trading.#Goldman Sachs&amp; Morgan Stanley China 2023 Outlook1.&nbsp;Investment banks are bullish on&nbsp;China&nbsp;economic&nbsp;and&nbsp;stocks market&nbsp;in&nbsp;20232022 is a challenging year for global investors. The risk of recession casts a dark shadow over the US, which remains deeply polarized. The eurozone is facing a deep recession, Japan's economy is shrinking, and the United Kingdom is struggli","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/BILI\">$Bilibili Inc.(BILI)$</a> <a target=\"_blank\" href=\"https://laohu8.com/S/DADA\">$Dada Nexus Limited(DADA)$</a> <a target=\"_blank\" href=\"https://laohu8.com/S/YINN\">$FTSE China Bull 3X Shares(YINN)$</a> ,<a target=\"_blank\" href=\"https://laohu8.com/S/XPP\">$ProShares Ultra FTSE China 50(XPP)$</a> Jump&nbsp;on&nbsp;Tuesday‘s&nbsp;early&nbsp;trading.#Goldman Sachs&amp; Morgan Stanley China 2023 Outlook1.&nbsp;Investment banks are bullish on&nbsp;China&nbsp;economic&nbsp;and&nbsp;stocks market&nbsp;in&nbsp;20232022 is a challenging year for global investors. The risk of recession casts a dark shadow over the US, which remains deeply polarized. The eurozone is facing a deep recession, Japan's economy is shrinking, and the United Kingdom is struggli","text":"$Bilibili Inc.(BILI)$ $Dada Nexus Limited(DADA)$ $FTSE China Bull 3X Shares(YINN)$ ,$ProShares Ultra FTSE China 50(XPP)$ Jump on Tuesday‘s early trading.#Goldman Sachs& Morgan Stanley China 2023 Outlook1. Investment banks are bullish on China economic and stocks market in 20232022 is a challenging year for global investors. The risk of recession casts a dark shadow over the US, which remains deeply polarized. The eurozone is facing a deep recession, Japan's economy is shrinking, and the United Kingdom is struggli","images":[{"img":"https://community-static.tradeup.com/news/7dcc9dcedacb3f84b89b4379f259db00","width":"1198","height":"824"},{"img":"https://community-static.tradeup.com/news/da69c38426bb7c73191298ca84008967","width":"840","height":"470"},{"img":"https://community-static.tradeup.com/news/7f55822be035ed24f5b8097211237d5d","width":"884","height":"474"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9962162137","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987282279,"gmtCreate":1667920211291,"gmtModify":1676537984902,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"Great article! I would like to share it.","listText":"Great article! I would like to share it.","text":"Great article! I would like to share it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987282279","repostId":"9987202968","repostType":1,"repost":{"id":9987202968,"gmtCreate":1667911126254,"gmtModify":1676537983165,"author":{"id":"3527667626267411","authorId":"3527667626267411","name":"Value_investing","avatar":"https://community-static.tradeup.com/news/89ffffc59ff9ac9cb9cb74f596418d44","crmLevel":0,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667626267411","authorIdStr":"3527667626267411"},"themes":[],"title":"From Short to Long: A 81-Page Long Report on Luckin Coffee","htmlText":"Today, a research report on <a href=\"https://ttm.financial/S/LKNCY\">$Luckin Coffee Inc.(LKNCY)$</a> released by Snow Lake Capital, a $3 billion hedge fund, went&nbsp;viral&nbsp;on&nbsp;the Internet. It's&nbsp;reported that Snow&nbsp;Lake&nbsp;was also&nbsp;the&nbsp;one&nbsp;who did&nbsp;the&nbsp;investigation&nbsp;report&nbsp;of Luckin's&nbsp;financial fraud.The contrast was a shock to the market and the timing of the release was also&nbsp;interesting.This research report was launched at the beginning of the year, with extensive field work and an online survey of more than 100,000 Luckin coffee customers. It was originally written on August 14 of this year as an internal Snow Lake Capital investment memo. However, on November 7, the founder of&nbsp;Snow&nbsp;Lake-&nbsp;Sean Ma published&amp;nb","listText":"Today, a research report on <a href=\"https://ttm.financial/S/LKNCY\">$Luckin Coffee Inc.(LKNCY)$</a> released by Snow Lake Capital, a $3 billion hedge fund, went&nbsp;viral&nbsp;on&nbsp;the Internet. It's&nbsp;reported that Snow&nbsp;Lake&nbsp;was also&nbsp;the&nbsp;one&nbsp;who did&nbsp;the&nbsp;investigation&nbsp;report&nbsp;of Luckin's&nbsp;financial fraud.The contrast was a shock to the market and the timing of the release was also&nbsp;interesting.This research report was launched at the beginning of the year, with extensive field work and an online survey of more than 100,000 Luckin coffee customers. It was originally written on August 14 of this year as an internal Snow Lake Capital investment memo. However, on November 7, the founder of&nbsp;Snow&nbsp;Lake-&nbsp;Sean Ma published&amp;nb","text":"Today, a research report on $Luckin Coffee Inc.(LKNCY)$ released by Snow Lake Capital, a $3 billion hedge fund, went viral on the Internet. It's reported that Snow Lake was also the one who did the investigation report of Luckin's financial fraud.The contrast was a shock to the market and the timing of the release was also interesting.This research report was launched at the beginning of the year, with extensive field work and an online survey of more than 100,000 Luckin coffee customers. It was originally written on August 14 of this year as an internal Snow Lake Capital investment memo. However, on November 7, the founder of Snow Lake- Sean Ma published&nb","images":[{"img":"https://community-static.tradeup.com/news/a3ffdf9438f6a0b0fabc2c7b463383b6","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/f7118781a5ec107542c89a9e064b7442","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/cc31f0f1f89f54da89c060fd78a279de","width":"-1","height":"-1"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987202968","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":10,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987282687,"gmtCreate":1667920191649,"gmtModify":1676537984903,"author":{"id":"4103087388753860","authorId":"4103087388753860","name":"LLOVE_Esther22","avatar":"https://community-static.tradeup.com/news/6511af48b2025befd9ae0672f85f20e3","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4103087388753860","authorIdStr":"4103087388753860"},"themes":[],"htmlText":"Great article! I would like to share it.","listText":"Great article! I would like to share it.","text":"Great article! I would like to share it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987282687","repostId":"9987671654","repostType":1,"repost":{"id":9987671654,"gmtCreate":1667906998379,"gmtModify":1676537982691,"author":{"id":"9000000000000419","authorId":"9000000000000419","name":"WallStreet_Tiger","avatar":"https://community-static.tradeup.com/news/1fdbba25bcf5dea3f281241ba1320d10","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"9000000000000419","authorIdStr":"9000000000000419"},"themes":[],"title":"If US Republican Party Wins, Stocks in 7 Industries to Play","htmlText":"Questions&nbsp;before&nbsp;you&nbsp;read&nbsp;the&nbsp;full&nbsp;text: What&nbsp;would the best result be for the US midterm elections? Which sectors or industries&nbsp;will&nbsp;see positive impact? The mid-term election results are approaching,&nbsp;you&nbsp;may&nbsp;have&nbsp;interets&nbsp;in&nbsp;what&nbsp;industries&nbsp;or&nbsp;corporates&nbsp;would&nbsp;benefit&nbsp;from.According to the current polls, the probability of Republicans regaining control of the House of Representatives has increased, and even regain control of the Senate.&nbsp;For the past two years, Democrats have pushed for higher taxes and tighter rules,&nbsp;democrats voted in the Senate to support raising the corporate tax rate to 25% and imposing the world's lowest profit tax. If Republicans take over the House o","listText":"Questions&nbsp;before&nbsp;you&nbsp;read&nbsp;the&nbsp;full&nbsp;text: What&nbsp;would the best result be for the US midterm elections? Which sectors or industries&nbsp;will&nbsp;see positive impact? The mid-term election results are approaching,&nbsp;you&nbsp;may&nbsp;have&nbsp;interets&nbsp;in&nbsp;what&nbsp;industries&nbsp;or&nbsp;corporates&nbsp;would&nbsp;benefit&nbsp;from.According to the current polls, the probability of Republicans regaining control of the House of Representatives has increased, and even regain control of the Senate.&nbsp;For the past two years, Democrats have pushed for higher taxes and tighter rules,&nbsp;democrats voted in the Senate to support raising the corporate tax rate to 25% and imposing the world's lowest profit tax. If Republicans take over the House o","text":"Questions before you read the full text: What would the best result be for the US midterm elections? Which sectors or industries will see positive impact? The mid-term election results are approaching, you may have interets in what industries or corporates would benefit from.According to the current polls, the probability of Republicans regaining control of the House of Representatives has increased, and even regain control of the Senate. For the past two years, Democrats have pushed for higher taxes and tighter rules, democrats voted in the Senate to support raising the corporate tax rate to 25% and imposing the world's lowest profit tax. If Republicans take over the House o","images":[{"img":"https://community-static.tradeup.com/news/a07bf42b2e5865392c0c6c8804c3d65d","width":"2000","height":"1333"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987671654","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}