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Kay Lin
2023-06-14
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Grab Holdings: This De-SPAC Is Different
Kay Lin
2022-12-14
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2 Semiconductor Stocks Down More Than 40% You'll Regret Not Buying on the Dip
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Lin","avatar":"https://community-static.tradeup.com/news/9e67ad1e468f6fee073da57a5e3fa1ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Why","listText":"Why","text":"Why","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187237067649144","repostId":"2343627435","repostType":2,"repost":{"id":"2343627435","pubTimestamp":1686738874,"share":"https://www.laohu8.com/m/news/2343627435?lang=&edition=full","pubTime":"2023-06-14 18:34","market":"us","language":"en","title":"Grab Holdings: This De-SPAC Is Different","url":"https://stock-news.laohu8.com/highlight/detail?id=2343627435","media":"seekingalpha","summary":"nay/iStock Editorial via Getty ImagesThe recent departure of co-founder Tan Hooi Ling from Southeast Asian consumer service ‘super app’ Grab Holdings (NASDAQ:GRAB) was a surprise, but should have a li","content":"<html><head></head><body><h2 style=\"text-align: left;\">Summary</h2><ul><li><p>Grab has been excessively beaten down since its listing in H2 2021.</p></li><li><p>With the company moving toward break-even, however, there is a compelling investment case here.</p></li><li><p>At a net cash balance of nearly 40% of its market cap, the market has likely penalized the stock too harshly.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b176f05a4b060080e46364e4949c28de\" alt=\"nay/iStock Editorial via Getty Images\" title=\"nay/iStock Editorial via Getty Images\" tg-width=\"750\" tg-height=\"500\"/><span>nay/iStock Editorial via Getty Images</span></p><p>The recent departure of co-founder Tan Hooi Ling from Southeast Asian consumer service ‘super app’ <a href=\"https://laohu8.com/S/GRAB\">Grab Holdings</a> (NASDAQ:GRAB) was a surprise, but should have a limited impact on the near-term outlook. Having begun the transition process last year with the appointment of a new Chief Operating Officer (Alex Hungate) in January 2022, followed by a new tech chief (Suthen Thomas) and product chief (Philipp Kandal), the reshuffle has likely been planned for some time now. More broadly, Grab’s leadership position in Southeast Asia across the ride-hailing and food delivery categories remains intact, with ample optionality available as it further unlocks ecosystem synergies. Accretive new product rollouts (e.g., the ‘Grab Unlimited’ subscription plan) should also unlock margin benefits as the company moves closer to its EBITDA break-even target. In the meantime, the company’s net cash position of ~$5bn as of Q1 2023 ensures limited funding risks to the growth plan. With the market likely placing a big haircut on the net cash balance as well (~37% of current market cap), faster-than-expected progress toward EBITDA break-even presents massive re-rating potential.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4420c906161dc27d67ffc58ca7879ff9\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"433\"/><span>Data by YCharts</span></p><h2>Co-Founder Departs, Transition Impact Likely Limited</h2><p>Since going public via a business combination with special purpose acquisition company <a href=\"https://laohu8.com/S/AGCUU\">Altimeter Growth</a> Corp in 2021, Grab has announced its first major management reshuffle, with co-founder Tan Hooi Ling stepping down from her official duties as head of Grab’s tech organization and Grab’s Board of Directors (recall she had been a Board member since the IPO). After resigning from her directorship by the end of the year, she will be taking on an advisory role at the company. While the announcement was somewhat surprising given Ms. Tan’s tenure at the company, I don’t expect any operational disruption over the coming months. The appointments of Alex Hungate as COO in 2022 (taking over Ms. Tan’s main role pre-2022), as well as Suthen Thomas (Group Chief Tech Officer) and Philipp Kandal (Chief Product Officer), were signs that a leadership transition was underway. Her Board replacement remains uncertain, though, with the press release citing that the Nominating Committee is in the midst of reviewing potential candidates to take her position.</p><h2>Growth Potential Intact as Grab Continues to Leverage its Market Leadership</h2><p>Grab kicked off the year on a promising note, with Q1 2023 gross merchandise value (GMV) of deliveries at a resilient $2.3bn (down ~4% YoY on an FX-neutral basis) following the post-COVID reopening normalization. Heading into Q2, management has guided for more sequential improvement across both key businesses (deliveries and mobility, i.e., ride-hailing), underpinning a +54-60% YoY top-line growth guidance (unchanged). In the near term, all eyes will be on the pace of the mobility segment recovery, particularly with tourist arrivals set to rise strongly across the Southeast Asian region (led by tourism-focused Thailand). Latest tourist arrival data in Thailand have far outpaced expectations (+11.4m YTD vs. 11.2m in 2022 per Bangkok Post), so continued momentum here likely entails upside to near-term GMV and revenue growth targets.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd3ba261f9ca8cbc633f2b744ac11805\" alt=\"Grab Holdings\" title=\"Grab Holdings\" tg-width=\"640\" tg-height=\"300\"/><span>Grab Holdings</span></p><p>The mid to long-term growth runway is also compelling – not only in Grab’s core ride-hailing and food delivery businesses, but also in its ability to leverage ecosystem synergies to expand into new categories (e.g., the pending digibank launches in Malaysia and Indonesia). Rather than geographic expansion, the company’s focus on building out its new product pipeline offers good greenfield optionality as well, particularly in a fast-growing Southeast Asian market. The success of its ‘Unlimited’ subscription plan (higher customer ‘stickiness’ and in-platform spending), as well as the new on-demand delivery service ‘GrabExpress,’ are a testament to the untapped growth opportunities here. And at a time when funding has dried up for many of its smaller competitors, Grab’s ~$5bn net cash balance adds M&A optionality.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/89c813defde0cc8f1e0af4e1d00254f6\" alt=\"Grab Holdings\" title=\"Grab Holdings\" tg-width=\"640\" tg-height=\"214\"/><span>Grab Holdings</span></p><h2>Improving Unit Economics Accelerate the Path to EBITDA Break-even</h2><p>On the margin side, Grab made surprisingly strong progress toward break-even, led by a significant adj EBITDA margin turnaround in deliveries to +2.6% in Q1 2023 (up from -2% of GMV in Q1 2022). Key segment drivers include lower promotional spending as food delivery behaviors normalize and borders reopen post-COVID. While management has warned of some volatility on the adj EBITDA margin line near-term, its commitment to a >3% segment margin was a major positive. Only when Grab sustainably crosses the 3% margin threshold will management push for a higher mid to long-term target. Given the company’s success in cutting back on incentives, likely helped by the drop off in competition over the last year amid a tougher funding environment, I suspect the Q1 momentum could extend into the coming quarters as well. Adding to the potential P&L upside are market share gains in online grocery, as well as operating leverage benefits, as Grab continues to expand the user base organically and via adjacent use cases (e.g., financial services).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/da8b47935006b6f8cad40e62fb2f57bb\" alt=\"Grab Holdings\" title=\"Grab Holdings\" tg-width=\"640\" tg-height=\"275\"/><span>Grab Holdings</span></p><p>The economics of the mobility business have been the main P&L contributor, though, with adj EBITDA as a percentage of GMV now consistently above the 12% mark. While management expects some volatility quarter by quarter, its commitment to a ‘floor’ margin of 12% indicates, despite a modest increase in incentives in Q1 2023, favorable underlying economics. While Grab could well unlock more margin upside over time via internal restructuring (e.g., the headcount cuts last year), efficiency gains, and more disciplined marketing spending, management intends to reinvest any incremental profit, so I wouldn’t count on higher mobility margins anytime soon. Still, the progress toward break-even overall should more than offset any near-term funding needs in financial services; thus, I suspect Grab could surprise to the upside on its EBITDA estimates and potentially even its FCF break-even path (likely in 2024 vs. 2025 prior). With the market largely discounting Grab’s ~$5bn net cash position, good execution progress could pave the way for a significant expectations reset.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe418a6124cd2d3948f0f4a981aa90f9\" alt=\"Grab Holdings\" title=\"Grab Holdings\" tg-width=\"640\" tg-height=\"276\"/><span>Grab Holdings</span></p><h2>This De-SPAC is Different</h2><p>The market has punished SPAC listings in recent years, and Grab, which went public in late 2021 via Altimeter Growth Corp, has not been spared. The latest management reshuffle adds to the uncertainty, though co-founder Tan Hooi Ling’s transition is likely to be a smooth one, given the recent CCO, CTO, and CPO hires. Fundamentally, Grab remains a cash burner, but as Q1 showed, the company is inching toward EBITDA break-even (albeit on an adjusted basis), helped by strong leadership positions in the Southeast Asian ride-hailing and food delivery categories. Backed by a ~$5bn net cash balance as well, the company is in a great place funding-wise, particularly with the path to P&L sustainability becoming increasingly clear. With the market still skeptical at ~3x EV/Revenue (ex-cash) for a company poised to double its revenue through 2024, there remains attractive re-rating potential here. Keep an eye out for Q2/Q3, as a post-COVID tourism boost in Southeast Asia could catalyze Grab reaching EBITDA break-even ahead of plan.</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>Grab Holdings: This De-SPAC Is Different</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\">\nGrab Holdings: This De-SPAC Is Different\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-14 18:34 GMT+8 <a href=https://seekingalpha.com/article/4611229-grab-holdings-this-de-spac-is-different><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGrab has been excessively beaten down since its listing in H2 2021.With the company moving toward break-even, however, there is a compelling investment case here.At a net cash balance of nearly...</p>\n\n<a href=\"https://seekingalpha.com/article/4611229-grab-holdings-this-de-spac-is-different\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"https://seekingalpha.com/article/4611229-grab-holdings-this-de-spac-is-different","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2343627435","content_text":"SummaryGrab has been excessively beaten down since its listing in H2 2021.With the company moving toward break-even, however, there is a compelling investment case here.At a net cash balance of nearly 40% of its market cap, the market has likely penalized the stock too harshly.nay/iStock Editorial via Getty ImagesThe recent departure of co-founder Tan Hooi Ling from Southeast Asian consumer service ‘super app’ Grab Holdings (NASDAQ:GRAB) was a surprise, but should have a limited impact on the near-term outlook. Having begun the transition process last year with the appointment of a new Chief Operating Officer (Alex Hungate) in January 2022, followed by a new tech chief (Suthen Thomas) and product chief (Philipp Kandal), the reshuffle has likely been planned for some time now. More broadly, Grab’s leadership position in Southeast Asia across the ride-hailing and food delivery categories remains intact, with ample optionality available as it further unlocks ecosystem synergies. Accretive new product rollouts (e.g., the ‘Grab Unlimited’ subscription plan) should also unlock margin benefits as the company moves closer to its EBITDA break-even target. In the meantime, the company’s net cash position of ~$5bn as of Q1 2023 ensures limited funding risks to the growth plan. With the market likely placing a big haircut on the net cash balance as well (~37% of current market cap), faster-than-expected progress toward EBITDA break-even presents massive re-rating potential.Data by YChartsCo-Founder Departs, Transition Impact Likely LimitedSince going public via a business combination with special purpose acquisition company Altimeter Growth Corp in 2021, Grab has announced its first major management reshuffle, with co-founder Tan Hooi Ling stepping down from her official duties as head of Grab’s tech organization and Grab’s Board of Directors (recall she had been a Board member since the IPO). After resigning from her directorship by the end of the year, she will be taking on an advisory role at the company. While the announcement was somewhat surprising given Ms. Tan’s tenure at the company, I don’t expect any operational disruption over the coming months. The appointments of Alex Hungate as COO in 2022 (taking over Ms. Tan’s main role pre-2022), as well as Suthen Thomas (Group Chief Tech Officer) and Philipp Kandal (Chief Product Officer), were signs that a leadership transition was underway. Her Board replacement remains uncertain, though, with the press release citing that the Nominating Committee is in the midst of reviewing potential candidates to take her position.Growth Potential Intact as Grab Continues to Leverage its Market LeadershipGrab kicked off the year on a promising note, with Q1 2023 gross merchandise value (GMV) of deliveries at a resilient $2.3bn (down ~4% YoY on an FX-neutral basis) following the post-COVID reopening normalization. Heading into Q2, management has guided for more sequential improvement across both key businesses (deliveries and mobility, i.e., ride-hailing), underpinning a +54-60% YoY top-line growth guidance (unchanged). In the near term, all eyes will be on the pace of the mobility segment recovery, particularly with tourist arrivals set to rise strongly across the Southeast Asian region (led by tourism-focused Thailand). Latest tourist arrival data in Thailand have far outpaced expectations (+11.4m YTD vs. 11.2m in 2022 per Bangkok Post), so continued momentum here likely entails upside to near-term GMV and revenue growth targets.Grab HoldingsThe mid to long-term growth runway is also compelling – not only in Grab’s core ride-hailing and food delivery businesses, but also in its ability to leverage ecosystem synergies to expand into new categories (e.g., the pending digibank launches in Malaysia and Indonesia). Rather than geographic expansion, the company’s focus on building out its new product pipeline offers good greenfield optionality as well, particularly in a fast-growing Southeast Asian market. The success of its ‘Unlimited’ subscription plan (higher customer ‘stickiness’ and in-platform spending), as well as the new on-demand delivery service ‘GrabExpress,’ are a testament to the untapped growth opportunities here. And at a time when funding has dried up for many of its smaller competitors, Grab’s ~$5bn net cash balance adds M&A optionality.Grab HoldingsImproving Unit Economics Accelerate the Path to EBITDA Break-evenOn the margin side, Grab made surprisingly strong progress toward break-even, led by a significant adj EBITDA margin turnaround in deliveries to +2.6% in Q1 2023 (up from -2% of GMV in Q1 2022). Key segment drivers include lower promotional spending as food delivery behaviors normalize and borders reopen post-COVID. While management has warned of some volatility on the adj EBITDA margin line near-term, its commitment to a >3% segment margin was a major positive. Only when Grab sustainably crosses the 3% margin threshold will management push for a higher mid to long-term target. Given the company’s success in cutting back on incentives, likely helped by the drop off in competition over the last year amid a tougher funding environment, I suspect the Q1 momentum could extend into the coming quarters as well. Adding to the potential P&L upside are market share gains in online grocery, as well as operating leverage benefits, as Grab continues to expand the user base organically and via adjacent use cases (e.g., financial services).Grab HoldingsThe economics of the mobility business have been the main P&L contributor, though, with adj EBITDA as a percentage of GMV now consistently above the 12% mark. While management expects some volatility quarter by quarter, its commitment to a ‘floor’ margin of 12% indicates, despite a modest increase in incentives in Q1 2023, favorable underlying economics. While Grab could well unlock more margin upside over time via internal restructuring (e.g., the headcount cuts last year), efficiency gains, and more disciplined marketing spending, management intends to reinvest any incremental profit, so I wouldn’t count on higher mobility margins anytime soon. Still, the progress toward break-even overall should more than offset any near-term funding needs in financial services; thus, I suspect Grab could surprise to the upside on its EBITDA estimates and potentially even its FCF break-even path (likely in 2024 vs. 2025 prior). With the market largely discounting Grab’s ~$5bn net cash position, good execution progress could pave the way for a significant expectations reset.Grab HoldingsThis De-SPAC is DifferentThe market has punished SPAC listings in recent years, and Grab, which went public in late 2021 via Altimeter Growth Corp, has not been spared. The latest management reshuffle adds to the uncertainty, though co-founder Tan Hooi Ling’s transition is likely to be a smooth one, given the recent CCO, CTO, and CPO hires. Fundamentally, Grab remains a cash burner, but as Q1 showed, the company is inching toward EBITDA break-even (albeit on an adjusted basis), helped by strong leadership positions in the Southeast Asian ride-hailing and food delivery categories. Backed by a ~$5bn net cash balance as well, the company is in a great place funding-wise, particularly with the path to P&L sustainability becoming increasingly clear. With the market still skeptical at ~3x EV/Revenue (ex-cash) for a company poised to double its revenue through 2024, there remains attractive re-rating potential here. Keep an eye out for Q2/Q3, as a post-COVID tourism boost in Southeast Asia could catalyze Grab reaching EBITDA break-even ahead of plan.","news_type":1},"isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9921163747,"gmtCreate":1670998442190,"gmtModify":1676538473815,"author":{"id":"4131614614711232","authorId":"4131614614711232","name":"Kay Lin","avatar":"https://community-static.tradeup.com/news/9e67ad1e468f6fee073da57a5e3fa1ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Thanks ","listText":"Thanks ","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9921163747","repostId":"2291569716","repostType":4,"repost":{"id":"2291569716","pubTimestamp":1670997709,"share":"https://www.laohu8.com/m/news/2291569716?lang=&edition=full","pubTime":"2022-12-14 14:01","market":"us","language":"en","title":"2 Semiconductor Stocks Down More Than 40% You'll Regret Not Buying on the Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=2291569716","media":"Motley Fool","summary":"AMD and Nvidia are set to drive the future of technology, and investors can buy them now at a discount.","content":"<html><head></head><body><p>Semiconductors are the advanced computer chips that power our everyday electronics, though their list of applications is rapidly growing. Household items are increasingly intelligent -- even modern refrigerators need computing power -- but some of the greatest future demand for chips is likely to come from technologies associated with electric vehicles and data centers.</p><p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> of the leading chipmakers in those fields are <b>Nvidia</b> and <b>Advanced Micro Devices</b> (AMD). They continue to fight for their slice of a semiconductor industry that could exceed $1.5 trillion in annual value over the next decade -- a big opportunity for investors.</p><p>However, the value of Nvidia and AMD shares have declined by 44% and 54% from their all-time highs, respectively, amid this year's economic downturn, paired with a series of industry-specific challenges like an oversupply of chips. But here's why those share price dips are worth buying.</p><h2>Nvidia's future might be in self-driving vehicle technologies</h2><p>Like most semiconductor companies, Nvidia is having a turbulent 2022. After the industry raced to fill pandemic-related supply shortages throughout 2020 and 2021, it ended up producing more than consumers needed, which led to a glut this year. That impacted prices, which meant less revenue, but companies like Nvidia were also met with a much weaker economy, where consumers were spending less money on expensive undertakings like upgrading their computers.</p><p>As a result, Nvidia's gaming segment has tumbled, with revenue dropping 51% year over year in the recent third quarter of fiscal 2023 (ended Oct. 30) alone. What was once the company's largest driver of revenue has now taken a back seat to the data center business, which continues to boom.</p><p>Nvidia is a pioneer of artificial intelligence (AI), which it's applying in the data center through its advanced hardware, allowing businesses to draw valuable insights from the mountains of information they generate every day.</p><p>Nvidia's data center segment generated $11.3 billion in revenue during the first nine months of fiscal 2023, which was a 55% jump compared to the year-ago period.</p><p>But there's another opportunity for Nvidia growing even more quickly, and that's the company's automotive segment. It's still tiny compared to the data center segment, with just $251 million in sales in Q3, but that was a whopping 86% year-over-year increase. Its end-to-end autonomous self-driving software and hardware solutions have amassed an $11 billion sales pipeline to dozens of the world's largest car manufacturers.</p><p>The upshot is that the autonomous self-driving vehicle industry could be worth over $2.1 trillion per year by 2030, which eclipses the semiconductor industry's projected value. Therefore, Nvidia is playing for not one, but at least two trillion-dollar long-term opportunities.</p><p>That's reason enough for investors to take advantage of the recent dip in Nvidia stock.</p><h2>Advanced Micro Devices is down, but certainly not out</h2><p>AMD has a much greater exposure to weak consumer spending than Nvidia does. Not only does it sell stand-alone semiconductors for personal computing, but it also supplies chips for incredibly popular consumer products like <b>Microsoft</b>'s Xbox Series X and <b>Sony</b>'s PlayStation 5. AMD chips also power the infotainment systems in <b>Tesla</b>'s electric vehicles.</p><p>When demand for those products declines, so goes the demand for AMD's chips. In the recent third quarter (ended Sept. 30), the company saw a 40% year-over-year decline in its client segment, where some of the abovementioned hardware is reported. Game consoles fall under the gaming segment, which grew by a modest 14%.</p><p>But AMD is like Nvidia in one very positive way too, because growth in its data center segment continues to soar. It jumped 45% in Q3 to $1.6 billion. AMD is the choice of chipmaker for all the world's leading providers of cloud computing services, including Microsoft Azure, <b>Amazon</b> Web Services, and <b>Alphabet</b>'s Google Cloud.</p><p>This is key, because more businesses are shifting their operations online, and the cloud is set to grow into a $1.5 trillion market by the end of the current decade (according to Grand View Research) as a result.</p><p>AMD's third quarter overall was one of its most challenging in recent memory, because it significantly missed its own revenue forecast by about $1.1 billion. But there might be a reprieve on the way, as inflation appears to have peaked back in June, which implies the worst of the U.S. Federal Reserve's interest rate increases might be behind us.</p><p>If that's the case, the consumer might be in a much better position in the new year, which could reignite AMD's lagging business units and supercharge its growth. With AMD stock currently down 56% from its all-time high, that presents a potential opportunity for investors.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Semiconductor Stocks Down More Than 40% You'll Regret Not Buying on the Dip</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Semiconductor Stocks Down More Than 40% You'll Regret Not Buying on the Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-14 14:01 GMT+8 <a href=https://www.fool.com/investing/2022/12/13/2-semiconductor-stocks-down-more-than-40-youll-reg/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Semiconductors are the advanced computer chips that power our everyday electronics, though their list of applications is rapidly growing. Household items are increasingly intelligent -- even modern ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/13/2-semiconductor-stocks-down-more-than-40-youll-reg/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4512":"苹果概念","SG9999002224.SGD":"Allianz Global High Payout SGD","LU0353189763.USD":"ALLSPRING US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4514":"搜索引擎","BK4548":"巴美列捷福持仓","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4528":"SaaS概念","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0444971666.USD":"天利全球科技基金","LU1046421795.USD":"富达环球科技A-ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","NVDA":"英伟达","BK4567":"ESG概念","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4585":"ETF&股票定投概念","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","BK4576":"AR","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1 Acc SGD-H","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4525":"远程办公概念","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0238689110.USD":"贝莱德环球动力股票基金","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","BK4538":"云计算","AMD":"美国超微公司","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","SG9999001077.SGD":"United International Growth Fund SGD","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4573":"虚拟现实","BK4097":"系统软件","BK4581":"高盛持仓"},"source_url":"https://www.fool.com/investing/2022/12/13/2-semiconductor-stocks-down-more-than-40-youll-reg/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2291569716","content_text":"Semiconductors are the advanced computer chips that power our everyday electronics, though their list of applications is rapidly growing. Household items are increasingly intelligent -- even modern refrigerators need computing power -- but some of the greatest future demand for chips is likely to come from technologies associated with electric vehicles and data centers.Two of the leading chipmakers in those fields are Nvidia and Advanced Micro Devices (AMD). They continue to fight for their slice of a semiconductor industry that could exceed $1.5 trillion in annual value over the next decade -- a big opportunity for investors.However, the value of Nvidia and AMD shares have declined by 44% and 54% from their all-time highs, respectively, amid this year's economic downturn, paired with a series of industry-specific challenges like an oversupply of chips. But here's why those share price dips are worth buying.Nvidia's future might be in self-driving vehicle technologiesLike most semiconductor companies, Nvidia is having a turbulent 2022. After the industry raced to fill pandemic-related supply shortages throughout 2020 and 2021, it ended up producing more than consumers needed, which led to a glut this year. That impacted prices, which meant less revenue, but companies like Nvidia were also met with a much weaker economy, where consumers were spending less money on expensive undertakings like upgrading their computers.As a result, Nvidia's gaming segment has tumbled, with revenue dropping 51% year over year in the recent third quarter of fiscal 2023 (ended Oct. 30) alone. What was once the company's largest driver of revenue has now taken a back seat to the data center business, which continues to boom.Nvidia is a pioneer of artificial intelligence (AI), which it's applying in the data center through its advanced hardware, allowing businesses to draw valuable insights from the mountains of information they generate every day.Nvidia's data center segment generated $11.3 billion in revenue during the first nine months of fiscal 2023, which was a 55% jump compared to the year-ago period.But there's another opportunity for Nvidia growing even more quickly, and that's the company's automotive segment. It's still tiny compared to the data center segment, with just $251 million in sales in Q3, but that was a whopping 86% year-over-year increase. Its end-to-end autonomous self-driving software and hardware solutions have amassed an $11 billion sales pipeline to dozens of the world's largest car manufacturers.The upshot is that the autonomous self-driving vehicle industry could be worth over $2.1 trillion per year by 2030, which eclipses the semiconductor industry's projected value. Therefore, Nvidia is playing for not one, but at least two trillion-dollar long-term opportunities.That's reason enough for investors to take advantage of the recent dip in Nvidia stock.Advanced Micro Devices is down, but certainly not outAMD has a much greater exposure to weak consumer spending than Nvidia does. Not only does it sell stand-alone semiconductors for personal computing, but it also supplies chips for incredibly popular consumer products like Microsoft's Xbox Series X and Sony's PlayStation 5. AMD chips also power the infotainment systems in Tesla's electric vehicles.When demand for those products declines, so goes the demand for AMD's chips. In the recent third quarter (ended Sept. 30), the company saw a 40% year-over-year decline in its client segment, where some of the abovementioned hardware is reported. Game consoles fall under the gaming segment, which grew by a modest 14%.But AMD is like Nvidia in one very positive way too, because growth in its data center segment continues to soar. It jumped 45% in Q3 to $1.6 billion. AMD is the choice of chipmaker for all the world's leading providers of cloud computing services, including Microsoft Azure, Amazon Web Services, and Alphabet's Google Cloud.This is key, because more businesses are shifting their operations online, and the cloud is set to grow into a $1.5 trillion market by the end of the current decade (according to Grand View Research) as a result.AMD's third quarter overall was one of its most challenging in recent memory, because it significantly missed its own revenue forecast by about $1.1 billion. But there might be a reprieve on the way, as inflation appears to have peaked back in June, which implies the worst of the U.S. Federal Reserve's interest rate increases might be behind us.If that's the case, the consumer might be in a much better position in the new year, which could reignite AMD's lagging business units and supercharge its growth. With AMD stock currently down 56% from its all-time high, that presents a potential opportunity for investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":187237067649144,"gmtCreate":1686740023394,"gmtModify":1686740158731,"author":{"id":"4131614614711232","authorId":"4131614614711232","name":"Kay Lin","avatar":"https://community-static.tradeup.com/news/9e67ad1e468f6fee073da57a5e3fa1ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Why","listText":"Why","text":"Why","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187237067649144","repostId":"2343627435","repostType":2,"repost":{"id":"2343627435","pubTimestamp":1686738874,"share":"https://www.laohu8.com/m/news/2343627435?lang=&edition=full","pubTime":"2023-06-14 18:34","market":"us","language":"en","title":"Grab Holdings: This De-SPAC Is Different","url":"https://stock-news.laohu8.com/highlight/detail?id=2343627435","media":"seekingalpha","summary":"nay/iStock Editorial via Getty ImagesThe recent departure of co-founder Tan Hooi Ling from Southeast Asian consumer service ‘super app’ Grab Holdings (NASDAQ:GRAB) was a surprise, but should have a li","content":"<html><head></head><body><h2 style=\"text-align: left;\">Summary</h2><ul><li><p>Grab has been excessively beaten down since its listing in H2 2021.</p></li><li><p>With the company moving toward break-even, however, there is a compelling investment case here.</p></li><li><p>At a net cash balance of nearly 40% of its market cap, the market has likely penalized the stock too harshly.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b176f05a4b060080e46364e4949c28de\" alt=\"nay/iStock Editorial via Getty Images\" title=\"nay/iStock Editorial via Getty Images\" tg-width=\"750\" tg-height=\"500\"/><span>nay/iStock Editorial via Getty Images</span></p><p>The recent departure of co-founder Tan Hooi Ling from Southeast Asian consumer service ‘super app’ <a href=\"https://laohu8.com/S/GRAB\">Grab Holdings</a> (NASDAQ:GRAB) was a surprise, but should have a limited impact on the near-term outlook. Having begun the transition process last year with the appointment of a new Chief Operating Officer (Alex Hungate) in January 2022, followed by a new tech chief (Suthen Thomas) and product chief (Philipp Kandal), the reshuffle has likely been planned for some time now. More broadly, Grab’s leadership position in Southeast Asia across the ride-hailing and food delivery categories remains intact, with ample optionality available as it further unlocks ecosystem synergies. Accretive new product rollouts (e.g., the ‘Grab Unlimited’ subscription plan) should also unlock margin benefits as the company moves closer to its EBITDA break-even target. In the meantime, the company’s net cash position of ~$5bn as of Q1 2023 ensures limited funding risks to the growth plan. With the market likely placing a big haircut on the net cash balance as well (~37% of current market cap), faster-than-expected progress toward EBITDA break-even presents massive re-rating potential.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4420c906161dc27d67ffc58ca7879ff9\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"433\"/><span>Data by YCharts</span></p><h2>Co-Founder Departs, Transition Impact Likely Limited</h2><p>Since going public via a business combination with special purpose acquisition company <a href=\"https://laohu8.com/S/AGCUU\">Altimeter Growth</a> Corp in 2021, Grab has announced its first major management reshuffle, with co-founder Tan Hooi Ling stepping down from her official duties as head of Grab’s tech organization and Grab’s Board of Directors (recall she had been a Board member since the IPO). After resigning from her directorship by the end of the year, she will be taking on an advisory role at the company. While the announcement was somewhat surprising given Ms. Tan’s tenure at the company, I don’t expect any operational disruption over the coming months. The appointments of Alex Hungate as COO in 2022 (taking over Ms. Tan’s main role pre-2022), as well as Suthen Thomas (Group Chief Tech Officer) and Philipp Kandal (Chief Product Officer), were signs that a leadership transition was underway. Her Board replacement remains uncertain, though, with the press release citing that the Nominating Committee is in the midst of reviewing potential candidates to take her position.</p><h2>Growth Potential Intact as Grab Continues to Leverage its Market Leadership</h2><p>Grab kicked off the year on a promising note, with Q1 2023 gross merchandise value (GMV) of deliveries at a resilient $2.3bn (down ~4% YoY on an FX-neutral basis) following the post-COVID reopening normalization. Heading into Q2, management has guided for more sequential improvement across both key businesses (deliveries and mobility, i.e., ride-hailing), underpinning a +54-60% YoY top-line growth guidance (unchanged). In the near term, all eyes will be on the pace of the mobility segment recovery, particularly with tourist arrivals set to rise strongly across the Southeast Asian region (led by tourism-focused Thailand). Latest tourist arrival data in Thailand have far outpaced expectations (+11.4m YTD vs. 11.2m in 2022 per Bangkok Post), so continued momentum here likely entails upside to near-term GMV and revenue growth targets.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd3ba261f9ca8cbc633f2b744ac11805\" alt=\"Grab Holdings\" title=\"Grab Holdings\" tg-width=\"640\" tg-height=\"300\"/><span>Grab Holdings</span></p><p>The mid to long-term growth runway is also compelling – not only in Grab’s core ride-hailing and food delivery businesses, but also in its ability to leverage ecosystem synergies to expand into new categories (e.g., the pending digibank launches in Malaysia and Indonesia). Rather than geographic expansion, the company’s focus on building out its new product pipeline offers good greenfield optionality as well, particularly in a fast-growing Southeast Asian market. The success of its ‘Unlimited’ subscription plan (higher customer ‘stickiness’ and in-platform spending), as well as the new on-demand delivery service ‘GrabExpress,’ are a testament to the untapped growth opportunities here. And at a time when funding has dried up for many of its smaller competitors, Grab’s ~$5bn net cash balance adds M&A optionality.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/89c813defde0cc8f1e0af4e1d00254f6\" alt=\"Grab Holdings\" title=\"Grab Holdings\" tg-width=\"640\" tg-height=\"214\"/><span>Grab Holdings</span></p><h2>Improving Unit Economics Accelerate the Path to EBITDA Break-even</h2><p>On the margin side, Grab made surprisingly strong progress toward break-even, led by a significant adj EBITDA margin turnaround in deliveries to +2.6% in Q1 2023 (up from -2% of GMV in Q1 2022). Key segment drivers include lower promotional spending as food delivery behaviors normalize and borders reopen post-COVID. While management has warned of some volatility on the adj EBITDA margin line near-term, its commitment to a >3% segment margin was a major positive. Only when Grab sustainably crosses the 3% margin threshold will management push for a higher mid to long-term target. Given the company’s success in cutting back on incentives, likely helped by the drop off in competition over the last year amid a tougher funding environment, I suspect the Q1 momentum could extend into the coming quarters as well. Adding to the potential P&L upside are market share gains in online grocery, as well as operating leverage benefits, as Grab continues to expand the user base organically and via adjacent use cases (e.g., financial services).</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/da8b47935006b6f8cad40e62fb2f57bb\" alt=\"Grab Holdings\" title=\"Grab Holdings\" tg-width=\"640\" tg-height=\"275\"/><span>Grab Holdings</span></p><p>The economics of the mobility business have been the main P&L contributor, though, with adj EBITDA as a percentage of GMV now consistently above the 12% mark. While management expects some volatility quarter by quarter, its commitment to a ‘floor’ margin of 12% indicates, despite a modest increase in incentives in Q1 2023, favorable underlying economics. While Grab could well unlock more margin upside over time via internal restructuring (e.g., the headcount cuts last year), efficiency gains, and more disciplined marketing spending, management intends to reinvest any incremental profit, so I wouldn’t count on higher mobility margins anytime soon. Still, the progress toward break-even overall should more than offset any near-term funding needs in financial services; thus, I suspect Grab could surprise to the upside on its EBITDA estimates and potentially even its FCF break-even path (likely in 2024 vs. 2025 prior). With the market largely discounting Grab’s ~$5bn net cash position, good execution progress could pave the way for a significant expectations reset.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe418a6124cd2d3948f0f4a981aa90f9\" alt=\"Grab Holdings\" title=\"Grab Holdings\" tg-width=\"640\" tg-height=\"276\"/><span>Grab Holdings</span></p><h2>This De-SPAC is Different</h2><p>The market has punished SPAC listings in recent years, and Grab, which went public in late 2021 via Altimeter Growth Corp, has not been spared. The latest management reshuffle adds to the uncertainty, though co-founder Tan Hooi Ling’s transition is likely to be a smooth one, given the recent CCO, CTO, and CPO hires. Fundamentally, Grab remains a cash burner, but as Q1 showed, the company is inching toward EBITDA break-even (albeit on an adjusted basis), helped by strong leadership positions in the Southeast Asian ride-hailing and food delivery categories. Backed by a ~$5bn net cash balance as well, the company is in a great place funding-wise, particularly with the path to P&L sustainability becoming increasingly clear. With the market still skeptical at ~3x EV/Revenue (ex-cash) for a company poised to double its revenue through 2024, there remains attractive re-rating potential here. Keep an eye out for Q2/Q3, as a post-COVID tourism boost in Southeast Asia could catalyze Grab reaching EBITDA break-even ahead of plan.</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>Grab Holdings: This De-SPAC Is Different</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\">\nGrab Holdings: This De-SPAC Is Different\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-14 18:34 GMT+8 <a href=https://seekingalpha.com/article/4611229-grab-holdings-this-de-spac-is-different><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGrab has been excessively beaten down since its listing in H2 2021.With the company moving toward break-even, however, there is a compelling investment case here.At a net cash balance of nearly...</p>\n\n<a href=\"https://seekingalpha.com/article/4611229-grab-holdings-this-de-spac-is-different\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRAB":"Grab Holdings"},"source_url":"https://seekingalpha.com/article/4611229-grab-holdings-this-de-spac-is-different","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2343627435","content_text":"SummaryGrab has been excessively beaten down since its listing in H2 2021.With the company moving toward break-even, however, there is a compelling investment case here.At a net cash balance of nearly 40% of its market cap, the market has likely penalized the stock too harshly.nay/iStock Editorial via Getty ImagesThe recent departure of co-founder Tan Hooi Ling from Southeast Asian consumer service ‘super app’ Grab Holdings (NASDAQ:GRAB) was a surprise, but should have a limited impact on the near-term outlook. Having begun the transition process last year with the appointment of a new Chief Operating Officer (Alex Hungate) in January 2022, followed by a new tech chief (Suthen Thomas) and product chief (Philipp Kandal), the reshuffle has likely been planned for some time now. More broadly, Grab’s leadership position in Southeast Asia across the ride-hailing and food delivery categories remains intact, with ample optionality available as it further unlocks ecosystem synergies. Accretive new product rollouts (e.g., the ‘Grab Unlimited’ subscription plan) should also unlock margin benefits as the company moves closer to its EBITDA break-even target. In the meantime, the company’s net cash position of ~$5bn as of Q1 2023 ensures limited funding risks to the growth plan. With the market likely placing a big haircut on the net cash balance as well (~37% of current market cap), faster-than-expected progress toward EBITDA break-even presents massive re-rating potential.Data by YChartsCo-Founder Departs, Transition Impact Likely LimitedSince going public via a business combination with special purpose acquisition company Altimeter Growth Corp in 2021, Grab has announced its first major management reshuffle, with co-founder Tan Hooi Ling stepping down from her official duties as head of Grab’s tech organization and Grab’s Board of Directors (recall she had been a Board member since the IPO). After resigning from her directorship by the end of the year, she will be taking on an advisory role at the company. While the announcement was somewhat surprising given Ms. Tan’s tenure at the company, I don’t expect any operational disruption over the coming months. The appointments of Alex Hungate as COO in 2022 (taking over Ms. Tan’s main role pre-2022), as well as Suthen Thomas (Group Chief Tech Officer) and Philipp Kandal (Chief Product Officer), were signs that a leadership transition was underway. Her Board replacement remains uncertain, though, with the press release citing that the Nominating Committee is in the midst of reviewing potential candidates to take her position.Growth Potential Intact as Grab Continues to Leverage its Market LeadershipGrab kicked off the year on a promising note, with Q1 2023 gross merchandise value (GMV) of deliveries at a resilient $2.3bn (down ~4% YoY on an FX-neutral basis) following the post-COVID reopening normalization. Heading into Q2, management has guided for more sequential improvement across both key businesses (deliveries and mobility, i.e., ride-hailing), underpinning a +54-60% YoY top-line growth guidance (unchanged). In the near term, all eyes will be on the pace of the mobility segment recovery, particularly with tourist arrivals set to rise strongly across the Southeast Asian region (led by tourism-focused Thailand). Latest tourist arrival data in Thailand have far outpaced expectations (+11.4m YTD vs. 11.2m in 2022 per Bangkok Post), so continued momentum here likely entails upside to near-term GMV and revenue growth targets.Grab HoldingsThe mid to long-term growth runway is also compelling – not only in Grab’s core ride-hailing and food delivery businesses, but also in its ability to leverage ecosystem synergies to expand into new categories (e.g., the pending digibank launches in Malaysia and Indonesia). Rather than geographic expansion, the company’s focus on building out its new product pipeline offers good greenfield optionality as well, particularly in a fast-growing Southeast Asian market. The success of its ‘Unlimited’ subscription plan (higher customer ‘stickiness’ and in-platform spending), as well as the new on-demand delivery service ‘GrabExpress,’ are a testament to the untapped growth opportunities here. And at a time when funding has dried up for many of its smaller competitors, Grab’s ~$5bn net cash balance adds M&A optionality.Grab HoldingsImproving Unit Economics Accelerate the Path to EBITDA Break-evenOn the margin side, Grab made surprisingly strong progress toward break-even, led by a significant adj EBITDA margin turnaround in deliveries to +2.6% in Q1 2023 (up from -2% of GMV in Q1 2022). Key segment drivers include lower promotional spending as food delivery behaviors normalize and borders reopen post-COVID. While management has warned of some volatility on the adj EBITDA margin line near-term, its commitment to a >3% segment margin was a major positive. Only when Grab sustainably crosses the 3% margin threshold will management push for a higher mid to long-term target. Given the company’s success in cutting back on incentives, likely helped by the drop off in competition over the last year amid a tougher funding environment, I suspect the Q1 momentum could extend into the coming quarters as well. Adding to the potential P&L upside are market share gains in online grocery, as well as operating leverage benefits, as Grab continues to expand the user base organically and via adjacent use cases (e.g., financial services).Grab HoldingsThe economics of the mobility business have been the main P&L contributor, though, with adj EBITDA as a percentage of GMV now consistently above the 12% mark. While management expects some volatility quarter by quarter, its commitment to a ‘floor’ margin of 12% indicates, despite a modest increase in incentives in Q1 2023, favorable underlying economics. While Grab could well unlock more margin upside over time via internal restructuring (e.g., the headcount cuts last year), efficiency gains, and more disciplined marketing spending, management intends to reinvest any incremental profit, so I wouldn’t count on higher mobility margins anytime soon. Still, the progress toward break-even overall should more than offset any near-term funding needs in financial services; thus, I suspect Grab could surprise to the upside on its EBITDA estimates and potentially even its FCF break-even path (likely in 2024 vs. 2025 prior). With the market largely discounting Grab’s ~$5bn net cash position, good execution progress could pave the way for a significant expectations reset.Grab HoldingsThis De-SPAC is DifferentThe market has punished SPAC listings in recent years, and Grab, which went public in late 2021 via Altimeter Growth Corp, has not been spared. The latest management reshuffle adds to the uncertainty, though co-founder Tan Hooi Ling’s transition is likely to be a smooth one, given the recent CCO, CTO, and CPO hires. Fundamentally, Grab remains a cash burner, but as Q1 showed, the company is inching toward EBITDA break-even (albeit on an adjusted basis), helped by strong leadership positions in the Southeast Asian ride-hailing and food delivery categories. Backed by a ~$5bn net cash balance as well, the company is in a great place funding-wise, particularly with the path to P&L sustainability becoming increasingly clear. With the market still skeptical at ~3x EV/Revenue (ex-cash) for a company poised to double its revenue through 2024, there remains attractive re-rating potential here. Keep an eye out for Q2/Q3, as a post-COVID tourism boost in Southeast Asia could catalyze Grab reaching EBITDA break-even ahead of plan.","news_type":1},"isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9921163747,"gmtCreate":1670998442190,"gmtModify":1676538473815,"author":{"id":"4131614614711232","authorId":"4131614614711232","name":"Kay Lin","avatar":"https://community-static.tradeup.com/news/9e67ad1e468f6fee073da57a5e3fa1ff","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Thanks ","listText":"Thanks ","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9921163747","repostId":"2291569716","repostType":4,"repost":{"id":"2291569716","pubTimestamp":1670997709,"share":"https://www.laohu8.com/m/news/2291569716?lang=&edition=full","pubTime":"2022-12-14 14:01","market":"us","language":"en","title":"2 Semiconductor Stocks Down More Than 40% You'll Regret Not Buying on the Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=2291569716","media":"Motley Fool","summary":"AMD and Nvidia are set to drive the future of technology, and investors can buy them now at a discount.","content":"<html><head></head><body><p>Semiconductors are the advanced computer chips that power our everyday electronics, though their list of applications is rapidly growing. Household items are increasingly intelligent -- even modern refrigerators need computing power -- but some of the greatest future demand for chips is likely to come from technologies associated with electric vehicles and data centers.</p><p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> of the leading chipmakers in those fields are <b>Nvidia</b> and <b>Advanced Micro Devices</b> (AMD). They continue to fight for their slice of a semiconductor industry that could exceed $1.5 trillion in annual value over the next decade -- a big opportunity for investors.</p><p>However, the value of Nvidia and AMD shares have declined by 44% and 54% from their all-time highs, respectively, amid this year's economic downturn, paired with a series of industry-specific challenges like an oversupply of chips. But here's why those share price dips are worth buying.</p><h2>Nvidia's future might be in self-driving vehicle technologies</h2><p>Like most semiconductor companies, Nvidia is having a turbulent 2022. After the industry raced to fill pandemic-related supply shortages throughout 2020 and 2021, it ended up producing more than consumers needed, which led to a glut this year. That impacted prices, which meant less revenue, but companies like Nvidia were also met with a much weaker economy, where consumers were spending less money on expensive undertakings like upgrading their computers.</p><p>As a result, Nvidia's gaming segment has tumbled, with revenue dropping 51% year over year in the recent third quarter of fiscal 2023 (ended Oct. 30) alone. What was once the company's largest driver of revenue has now taken a back seat to the data center business, which continues to boom.</p><p>Nvidia is a pioneer of artificial intelligence (AI), which it's applying in the data center through its advanced hardware, allowing businesses to draw valuable insights from the mountains of information they generate every day.</p><p>Nvidia's data center segment generated $11.3 billion in revenue during the first nine months of fiscal 2023, which was a 55% jump compared to the year-ago period.</p><p>But there's another opportunity for Nvidia growing even more quickly, and that's the company's automotive segment. It's still tiny compared to the data center segment, with just $251 million in sales in Q3, but that was a whopping 86% year-over-year increase. Its end-to-end autonomous self-driving software and hardware solutions have amassed an $11 billion sales pipeline to dozens of the world's largest car manufacturers.</p><p>The upshot is that the autonomous self-driving vehicle industry could be worth over $2.1 trillion per year by 2030, which eclipses the semiconductor industry's projected value. Therefore, Nvidia is playing for not one, but at least two trillion-dollar long-term opportunities.</p><p>That's reason enough for investors to take advantage of the recent dip in Nvidia stock.</p><h2>Advanced Micro Devices is down, but certainly not out</h2><p>AMD has a much greater exposure to weak consumer spending than Nvidia does. Not only does it sell stand-alone semiconductors for personal computing, but it also supplies chips for incredibly popular consumer products like <b>Microsoft</b>'s Xbox Series X and <b>Sony</b>'s PlayStation 5. AMD chips also power the infotainment systems in <b>Tesla</b>'s electric vehicles.</p><p>When demand for those products declines, so goes the demand for AMD's chips. In the recent third quarter (ended Sept. 30), the company saw a 40% year-over-year decline in its client segment, where some of the abovementioned hardware is reported. Game consoles fall under the gaming segment, which grew by a modest 14%.</p><p>But AMD is like Nvidia in one very positive way too, because growth in its data center segment continues to soar. It jumped 45% in Q3 to $1.6 billion. AMD is the choice of chipmaker for all the world's leading providers of cloud computing services, including Microsoft Azure, <b>Amazon</b> Web Services, and <b>Alphabet</b>'s Google Cloud.</p><p>This is key, because more businesses are shifting their operations online, and the cloud is set to grow into a $1.5 trillion market by the end of the current decade (according to Grand View Research) as a result.</p><p>AMD's third quarter overall was one of its most challenging in recent memory, because it significantly missed its own revenue forecast by about $1.1 billion. But there might be a reprieve on the way, as inflation appears to have peaked back in June, which implies the worst of the U.S. Federal Reserve's interest rate increases might be behind us.</p><p>If that's the case, the consumer might be in a much better position in the new year, which could reignite AMD's lagging business units and supercharge its growth. With AMD stock currently down 56% from its all-time high, that presents a potential opportunity for investors.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Semiconductor Stocks Down More Than 40% You'll Regret Not Buying on the Dip</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Semiconductor Stocks Down More Than 40% You'll Regret Not Buying on the Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-14 14:01 GMT+8 <a href=https://www.fool.com/investing/2022/12/13/2-semiconductor-stocks-down-more-than-40-youll-reg/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Semiconductors are the advanced computer chips that power our everyday electronics, though their list of applications is rapidly growing. Household items are increasingly intelligent -- even modern ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/13/2-semiconductor-stocks-down-more-than-40-youll-reg/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4512":"苹果概念","SG9999002224.SGD":"Allianz Global High Payout SGD","LU0353189763.USD":"ALLSPRING US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4514":"搜索引擎","BK4548":"巴美列捷福持仓","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4528":"SaaS概念","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0444971666.USD":"天利全球科技基金","LU1046421795.USD":"富达环球科技A-ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","NVDA":"英伟达","BK4567":"ESG概念","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4585":"ETF&股票定投概念","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","BK4576":"AR","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1 Acc SGD-H","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4525":"远程办公概念","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0238689110.USD":"贝莱德环球动力股票基金","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","BK4538":"云计算","AMD":"美国超微公司","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","SG9999001077.SGD":"United International Growth Fund SGD","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4573":"虚拟现实","BK4097":"系统软件","BK4581":"高盛持仓"},"source_url":"https://www.fool.com/investing/2022/12/13/2-semiconductor-stocks-down-more-than-40-youll-reg/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2291569716","content_text":"Semiconductors are the advanced computer chips that power our everyday electronics, though their list of applications is rapidly growing. Household items are increasingly intelligent -- even modern refrigerators need computing power -- but some of the greatest future demand for chips is likely to come from technologies associated with electric vehicles and data centers.Two of the leading chipmakers in those fields are Nvidia and Advanced Micro Devices (AMD). They continue to fight for their slice of a semiconductor industry that could exceed $1.5 trillion in annual value over the next decade -- a big opportunity for investors.However, the value of Nvidia and AMD shares have declined by 44% and 54% from their all-time highs, respectively, amid this year's economic downturn, paired with a series of industry-specific challenges like an oversupply of chips. But here's why those share price dips are worth buying.Nvidia's future might be in self-driving vehicle technologiesLike most semiconductor companies, Nvidia is having a turbulent 2022. After the industry raced to fill pandemic-related supply shortages throughout 2020 and 2021, it ended up producing more than consumers needed, which led to a glut this year. That impacted prices, which meant less revenue, but companies like Nvidia were also met with a much weaker economy, where consumers were spending less money on expensive undertakings like upgrading their computers.As a result, Nvidia's gaming segment has tumbled, with revenue dropping 51% year over year in the recent third quarter of fiscal 2023 (ended Oct. 30) alone. What was once the company's largest driver of revenue has now taken a back seat to the data center business, which continues to boom.Nvidia is a pioneer of artificial intelligence (AI), which it's applying in the data center through its advanced hardware, allowing businesses to draw valuable insights from the mountains of information they generate every day.Nvidia's data center segment generated $11.3 billion in revenue during the first nine months of fiscal 2023, which was a 55% jump compared to the year-ago period.But there's another opportunity for Nvidia growing even more quickly, and that's the company's automotive segment. It's still tiny compared to the data center segment, with just $251 million in sales in Q3, but that was a whopping 86% year-over-year increase. Its end-to-end autonomous self-driving software and hardware solutions have amassed an $11 billion sales pipeline to dozens of the world's largest car manufacturers.The upshot is that the autonomous self-driving vehicle industry could be worth over $2.1 trillion per year by 2030, which eclipses the semiconductor industry's projected value. Therefore, Nvidia is playing for not one, but at least two trillion-dollar long-term opportunities.That's reason enough for investors to take advantage of the recent dip in Nvidia stock.Advanced Micro Devices is down, but certainly not outAMD has a much greater exposure to weak consumer spending than Nvidia does. Not only does it sell stand-alone semiconductors for personal computing, but it also supplies chips for incredibly popular consumer products like Microsoft's Xbox Series X and Sony's PlayStation 5. AMD chips also power the infotainment systems in Tesla's electric vehicles.When demand for those products declines, so goes the demand for AMD's chips. In the recent third quarter (ended Sept. 30), the company saw a 40% year-over-year decline in its client segment, where some of the abovementioned hardware is reported. Game consoles fall under the gaming segment, which grew by a modest 14%.But AMD is like Nvidia in one very positive way too, because growth in its data center segment continues to soar. It jumped 45% in Q3 to $1.6 billion. AMD is the choice of chipmaker for all the world's leading providers of cloud computing services, including Microsoft Azure, Amazon Web Services, and Alphabet's Google Cloud.This is key, because more businesses are shifting their operations online, and the cloud is set to grow into a $1.5 trillion market by the end of the current decade (according to Grand View Research) as a result.AMD's third quarter overall was one of its most challenging in recent memory, because it significantly missed its own revenue forecast by about $1.1 billion. But there might be a reprieve on the way, as inflation appears to have peaked back in June, which implies the worst of the U.S. Federal Reserve's interest rate increases might be behind us.If that's the case, the consumer might be in a much better position in the new year, which could reignite AMD's lagging business units and supercharge its growth. With AMD stock currently down 56% from its all-time high, that presents a potential opportunity for investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}