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Razak Abdullah

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2022-12-03

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@Tiger_Academy:DAY1 Education : Sustainable Competitive Advantages Explained

2022-12-03

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2022-12-03

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@TradingLounge:Stock Market Trading: SP500, USD DXY, AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. US ETF Sectors. Elliott Wave AnalysisUS Stocks: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS)Stock Market News: See J Powell's speech. ADP figures and NFP on FridayStock Market Summary Elliott Wave v) to 4100Video Chapters 00:00 SP500 / USD DXY 09:05 Apple (AAPL) 12:28 NVIDIA (NVDA) 15:10 Amazon (AMZN) 19:08 Meta Platforms (META) 20:41 Netflix (NFLX) 22:09 Enphase (ENPH) 26:44 Tesla (TSLA) 27:42 Alphabet (GOOGL) 29:31 Microsoft (MSFT) 3

2022-12-03

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@Tiger_Academy:DAY1 Education : Sustainable Competitive Advantages Explained

2022-12-03

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2022-12-03

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2022-12-03

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@TigerFeatures:[Symbols page] New function introduction

2022-12-02

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@David Shoko:2022 Q3 Earnings Review Part IV: Biotechnology and Healthcare

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2022-12-02

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US ETF Sectors. Elliott Wave AnalysisUS Stocks: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM &amp; Bank of America BAC, Goldman Sachs Group Inc (GS)Stock Market News: See J Powell's speech. ADP figures and NFP on FridayStock Market Summary Elliott Wave v) to 4100Video Chapters 00:00 SP500 / USD DXY 09:05 Apple (AAPL) 12:28 NVIDIA (NVDA) 15:10&nbsp;Amazon (AMZN) 19:08 Meta Platforms (META) 20:41 Netflix (NFLX)&nbsp; 22:09 Enphase (ENPH) 26:44 Tesla (TSLA) 27:42 Alphabet (GOOGL)&nbsp; 29:31 Microsoft (MSFT) 3\n \n","listText":"Stock Market Trading: SP500, USD DXY, AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. US ETF Sectors. Elliott Wave AnalysisUS Stocks: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM &amp; Bank of America BAC, Goldman Sachs Group Inc (GS)Stock Market News: See J Powell's speech. ADP figures and NFP on FridayStock Market Summary Elliott Wave v) to 4100Video Chapters 00:00 SP500 / USD DXY 09:05 Apple (AAPL) 12:28 NVIDIA (NVDA) 15:10&nbsp;Amazon (AMZN) 19:08 Meta Platforms (META) 20:41 Netflix (NFLX)&nbsp; 22:09 Enphase (ENPH) 26:44 Tesla (TSLA) 27:42 Alphabet (GOOGL)&nbsp; 29:31 Microsoft (MSFT) 3","text":"Stock Market Trading: SP500, USD DXY, AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. US ETF Sectors. Elliott Wave AnalysisUS Stocks: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS)Stock Market News: See J Powell's speech. 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Jack's company generates $9,000 in revenue per month, while Rose's company generates only $6,000.From a revenue point of view, you would definitely think that Jack's company is better developed and more competitive.But if we do a careful analysis and take into account the cost of sales each month,","images":[{"img":"https://static.tigerbbs.com/04bcc9ef8f363e1c17d66bf10887cb30","width":"828","height":"540"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9919169350","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965793910,"gmtCreate":1670021810031,"gmtModify":1676538288755,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak 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ACC(SGXZ75661421.USD)$","images":[{"img":"https://community-static.tradeup.com/news/c3b084b55f4b04f80032b60f54b13efb","width":"1080","height":"10909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965793910","isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9965477008,"gmtCreate":1670019594904,"gmtModify":1676538288300,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$XPeng Inc.(XPEV)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965477008","isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965474321,"gmtCreate":1670019385964,"gmtModify":1676538288274,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/YINN\">$FTSE China Bull 3X Shares(YINN)$ &nbsp;</a><a href=\"https://ttm.financial/FUND/SGXZ75661421.USD\">$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ &nbsp;</a><a href=\"https://ttm.financial/FUND/SGXZ75661421.USD\">$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/YINN\">$FTSE China Bull 3X Shares(YINN)$ &nbsp;</a><a href=\"https://ttm.financial/FUND/SGXZ75661421.USD\">$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ &nbsp;</a><a href=\"https://ttm.financial/FUND/SGXZ75661421.USD\">$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ &nbsp;</a>","text":"$FTSE China Bull 3X Shares(YINN)$ $LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ $LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$","images":[{"img":"https://community-static.tradeup.com/news/fe23b51ac2b8eb1d019d46fab41ba035","width":"1080","height":"2663"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":24,"commentSize":15,"repostSize":0,"link":"https://ttm.financial/post/9965474321","isVote":1,"tweetType":1,"viewCount":809,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9965449313,"gmtCreate":1670014463137,"gmtModify":1676538287764,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"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/9965449313","repostId":"614043908","repostType":1,"repost":{"id":614043908,"gmtCreate":1653301697832,"gmtModify":1676533137788,"author":{"id":"3562804614994746","authorId":"3562804614994746","name":"TigerFeatures","avatar":"https://static.tigerbbs.com/5a8e4414a77df621346870c2f7e7cab7","crmLevel":0,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"[Symbols page] New function introduction","htmlText":"&nbsp;","listText":"&nbsp;","text":"","images":[{"img":"https://static.tigerbbs.com/244d6314e74757832d5634489f08b183","width":"-1","height":"-1"},{"img":"https://static.tigerbbs.com/fa4f148949621a7ee4ed9a01a01d5924","width":"-1","height":"-1"},{"img":"https://static.tigerbbs.com/316078f1835cac7f174762a2bd86f567","width":"-1","height":"-1"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/614043908","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965503670,"gmtCreate":1669973939791,"gmtModify":1676538281155,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"//<a href=\"https://ttm.financial/U/4132805076588822\">@Razak Abdullah</a>: <a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v><a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"//<a href=\"https://ttm.financial/U/4132805076588822\">@Razak Abdullah</a>: <a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v><a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"//@Razak Abdullah: $Tiger Brokers(TIGR)$ $Tiger Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965503670","repostId":"2288960327","repostType":4,"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965252447,"gmtCreate":1669967587789,"gmtModify":1676538280008,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Tiger Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965252447","repostId":"9966987299","repostType":1,"repost":{"id":9966987299,"gmtCreate":1669375916000,"gmtModify":1676538191562,"author":{"id":"4117298408154592","authorId":"4117298408154592","name":"David Shoko","avatar":"https://community-static.tradeup.com/news/910e2ecc8e82a97f0d2efc7d02d0c5af","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"2022 Q3 Earnings Review Part IV: Biotechnology and Healthcare","htmlText":"(The Street) Pfizer beat on the top and bottom lines and the management raised its full-year revenue guidance. AmerisourceBergen reported an impressive quarter with a earnings and revenue&nbsp;beat. As demand falls, BioNTech still reported a strong quarter as management looks to pivot the business to its expanding drug pipeline. Medtronic reported a mixed quarter that was coupled with a cautious outlook from management. The healthcare and biotechnology sectors continue to be areas where investors continue to hide from the sell-off in the technology-heavy NASDAQ index. The third quarter earnings showed that healthcare-related stocks continue to be resilient as companies pivot from the pandemic to a sense of normalization. Healthcare continues to be a secular growth winner as the populatio","listText":"(The Street) Pfizer beat on the top and bottom lines and the management raised its full-year revenue guidance. AmerisourceBergen reported an impressive quarter with a earnings and revenue&nbsp;beat. As demand falls, BioNTech still reported a strong quarter as management looks to pivot the business to its expanding drug pipeline. Medtronic reported a mixed quarter that was coupled with a cautious outlook from management. The healthcare and biotechnology sectors continue to be areas where investors continue to hide from the sell-off in the technology-heavy NASDAQ index. The third quarter earnings showed that healthcare-related stocks continue to be resilient as companies pivot from the pandemic to a sense of normalization. Healthcare continues to be a secular growth winner as the populatio","text":"(The Street) Pfizer beat on the top and bottom lines and the management raised its full-year revenue guidance. AmerisourceBergen reported an impressive quarter with a earnings and revenue beat. As demand falls, BioNTech still reported a strong quarter as management looks to pivot the business to its expanding drug pipeline. Medtronic reported a mixed quarter that was coupled with a cautious outlook from management. The healthcare and biotechnology sectors continue to be areas where investors continue to hide from the sell-off in the technology-heavy NASDAQ index. The third quarter earnings showed that healthcare-related stocks continue to be resilient as companies pivot from the pandemic to a sense of normalization. Healthcare continues to be a secular growth winner as the populatio","images":[{"img":"https://static.tigerbbs.com/be8ef8b820a67833b541a42d2b1cc0a2"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966987299","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965251032,"gmtCreate":1669966585327,"gmtModify":1676538279827,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/09626\">$BILIBILI-W(09626)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/09626\">$BILIBILI-W(09626)$ &nbsp;</a>","text":"$BILIBILI-W(09626)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965251032","repostId":"9027192701","repostType":1,"repost":{"id":9027192701,"gmtCreate":1653985191259,"gmtModify":1676535374084,"author":{"id":"3527667602250954","authorId":"3527667602250954","name":"TigerTalks","avatar":"https://static.tigerbbs.com/6d0224a45a40df8a325c03820c17dd2a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"What are Daily Leverage Certificates (DLCs)?","htmlText":"Important:Daily Leverage Certificates are Specified Investment Products (SIP) which&nbsp;have structures, features and risks that may be more complex.&nbsp;They are designed for short-term trading and are for investors who are willing to accept the risk of substantial losses up to the principal investment amount, possibly within a very short time frame.What are Daily Leverage Certificates (DLCs)?Issued by Societe Generale and listed on SGX Securities market, the DLCs offer investors leverage exposure to a wide range of underlying indexes and single stocks: Singapore Stock Indexes &amp; Single Stocks Hong&nbsp;Kong Stock Indexes &amp; Single Stocks *New*&nbsp;U.S. Stock Indexes All the DLCs are traded on SGX and denominated in Singapore dollars (SGD). Therefore, you can gain exposure to Hon","listText":"Important:Daily Leverage Certificates are Specified Investment Products (SIP) which&nbsp;have structures, features and risks that may be more complex.&nbsp;They are designed for short-term trading and are for investors who are willing to accept the risk of substantial losses up to the principal investment amount, possibly within a very short time frame.What are Daily Leverage Certificates (DLCs)?Issued by Societe Generale and listed on SGX Securities market, the DLCs offer investors leverage exposure to a wide range of underlying indexes and single stocks: Singapore Stock Indexes &amp; Single Stocks Hong&nbsp;Kong Stock Indexes &amp; Single Stocks *New*&nbsp;U.S. Stock Indexes All the DLCs are traded on SGX and denominated in Singapore dollars (SGD). Therefore, you can gain exposure to Hon","text":"Important:Daily Leverage Certificates are Specified Investment Products (SIP) which have structures, features and risks that may be more complex. They are designed for short-term trading and are for investors who are willing to accept the risk of substantial losses up to the principal investment amount, possibly within a very short time frame.What are Daily Leverage Certificates (DLCs)?Issued by Societe Generale and listed on SGX Securities market, the DLCs offer investors leverage exposure to a wide range of underlying indexes and single stocks: Singapore Stock Indexes & Single Stocks Hong Kong Stock Indexes & Single Stocks *New* U.S. Stock Indexes All the DLCs are traded on SGX and denominated in Singapore dollars (SGD). Therefore, you can gain exposure to Hon","images":[{"img":"https://community-static.tradeup.com/news/53ac4488735806626eeb81521f946958","width":"707","height":"249"},{"img":"https://community-static.tradeup.com/news/f8bfc52daa65c36f954858831deb1893","width":"743","height":"348"},{"img":"https://community-static.tradeup.com/news/27f1f2ebc6ee1c5a989e74bee6f3b015","width":"1048","height":"175"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027192701","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":6,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965259737,"gmtCreate":1669966360829,"gmtModify":1676538279790,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Tiger Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/9965259737","repostId":"2288960327","repostType":4,"isVote":1,"tweetType":1,"viewCount":18,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965259417,"gmtCreate":1669966341939,"gmtModify":1676538279790,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/09626\">$BILIBILI-W(09626)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/09626\">$BILIBILI-W(09626)$ &nbsp;</a>","text":"$BILIBILI-W(09626)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965259417","repostId":"2288960327","repostType":4,"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965266990,"gmtCreate":1669962241710,"gmtModify":1676538279181,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"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/9965266990","repostId":"9965205888","repostType":1,"repost":{"id":9965205888,"gmtCreate":1669952623144,"gmtModify":1676538277462,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"Perfect Goals Strategy Guide","htmlText":"Do you want to know how to gain more points in the game? And do you want to know how many surprise eggs in the game? Read this guide note and it will help a lot to win the prizes!&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a><a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/world-cup/?adcode=20221031201028#/https://www.tigerbrokers.com.sg/activity/market/2022/world-cup/?adcode=20221031201028#/\" target=\"_blank\">Click here to participate in the campaign.</a><a href=\"https://www.tigerbrokers.com.sg/activity/forapp/rules/?id=footballseason\" target=\"_blank\">Check here&nbsp;to check the T&amp;Cs.</a><a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/world-cup/?adcode=20221031201028#/\" target=\"_blank\">Click here to participate in th</a>","listText":"Do you want to know how to gain more points in the game? And do you want to know how many surprise eggs in the game? Read this guide note and it will help a lot to win the prizes!&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a><a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/world-cup/?adcode=20221031201028#/https://www.tigerbrokers.com.sg/activity/market/2022/world-cup/?adcode=20221031201028#/\" target=\"_blank\">Click here to participate in the campaign.</a><a href=\"https://www.tigerbrokers.com.sg/activity/forapp/rules/?id=footballseason\" target=\"_blank\">Check here&nbsp;to check the T&amp;Cs.</a><a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/world-cup/?adcode=20221031201028#/\" target=\"_blank\">Click here to participate in th</a>","text":"Do you want to know how to gain more points in the game? And do you want to know how many surprise eggs in the game? Read this guide note and it will help a lot to win the prizes! $Tiger Brokers(TIGR)$Click here to participate in the campaign.Check here to check the T&Cs.Click here to participate in th","images":[{"img":"https://community-static.tradeup.com/news/fc1837026ba73f7208d67ec911acb5dd","width":"750","height":"6399"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965205888","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965218425,"gmtCreate":1669957537867,"gmtModify":1676538278414,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"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/9965218425","repostId":"2288840759","repostType":4,"isVote":1,"tweetType":1,"viewCount":4,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965211253,"gmtCreate":1669957355872,"gmtModify":1676538278383,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TQQQ\">$Nasdaq100 Bull 3X ETF(TQQQ)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TQQQ\">$Nasdaq100 Bull 3X ETF(TQQQ)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Nasdaq100 Bull 3X ETF(TQQQ)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965211253","isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965213437,"gmtCreate":1669957270429,"gmtModify":1676538278360,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/09626\">$BILIBILI-W(09626)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/09626\">$BILIBILI-W(09626)$ &nbsp;</a>","text":"$BILIBILI-W(09626)$","images":[{"img":"https://community-static.tradeup.com/news/000167b03bdfe8144ae301e97e702973","width":"1080","height":"10909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965213437","isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},{"id":9965234496,"gmtCreate":1669956410515,"gmtModify":1676538278143,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/U/4105602698459250\">@Crisis101 &nbsp;</a>","listText":"<a href=\"https://ttm.financial/U/4105602698459250\">@Crisis101 &nbsp;</a>","text":"@Crisis101","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965234496","repostId":"2288464628","repostType":2,"isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9965474321,"gmtCreate":1670019385964,"gmtModify":1676538288274,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/YINN\">$FTSE China Bull 3X Shares(YINN)$ &nbsp;</a><a href=\"https://ttm.financial/FUND/SGXZ75661421.USD\">$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ &nbsp;</a><a href=\"https://ttm.financial/FUND/SGXZ75661421.USD\">$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/YINN\">$FTSE China Bull 3X Shares(YINN)$ &nbsp;</a><a href=\"https://ttm.financial/FUND/SGXZ75661421.USD\">$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ &nbsp;</a><a href=\"https://ttm.financial/FUND/SGXZ75661421.USD\">$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ &nbsp;</a>","text":"$FTSE China Bull 3X Shares(YINN)$ $LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ $LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$","images":[{"img":"https://community-static.tradeup.com/news/fe23b51ac2b8eb1d019d46fab41ba035","width":"1080","height":"2663"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":24,"commentSize":15,"repostSize":0,"link":"https://ttm.financial/post/9965474321","isVote":1,"tweetType":1,"viewCount":809,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9965259737,"gmtCreate":1669966360829,"gmtModify":1676538279790,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Tiger Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/9965259737","repostId":"2288960327","repostType":4,"repost":{"id":"2288960327","pubTimestamp":1669956916,"share":"https://www.laohu8.com/m/news/2288960327?lang=&edition=full","pubTime":"2022-12-02 12:55","market":"us","language":"en","title":"Palantir: This Is Ridiculous","url":"https://stock-news.laohu8.com/highlight/detail?id=2288960327","media":"seekingalpha","summary":"It seems like Palantir (NYSE:PLTR) is once again surrounded by fear, uncertainty and doubt. One of i","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/634e2ce29264d31e7def366b057723ba\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>It seems like Palantir (NYSE:PLTR) is once again surrounded by fear, uncertainty and doubt. One of its investees and customer, Fast Radius, went bankrupt earlier this month and investors are pondering about the fate of Palantir&#39;s other portfolio companies. In light of this new risk factor, certain bears argue that Palantir&#39;s stock can plummet to $5 per share in the coming year. While this seems like a logical argument, it leaves a lot to be addressed even still. In this article, I&#39;ll attempt to explain why the on the ground reality isn&#39;t as dismal and why Palantir amounts to a buying opportunity on dips.</p><h2><b>The Bear Case</b></h2><p>There&#39;s no denying that we&#39;re in a challenging macroeconomic environment. Rampant inflation and aggressive rate hikes by the Fed are weighing down on the margin profiles and hampering the growth rates of nearly all companies. While most companies are running lean by cutting back on discretionary spending, the unlucky few are succumbing to the liquidity crunch and are starting to go bankrupt. This is where Palantir comes in.</p><p>Palantir&#39;s top brass made investments in nearly two dozen privately held and public companies. Some of these investees would then sign master agreements with Palantir, that would typically be worth more than the investment in the first place, for using the latter&#39;s software. I won&#39;t comment whether that&#39;s coercion or a smart business move on the investee&#39;s part, and invite readers to share their thoughts on the same. But as far as Palantir is concerned, this deal structure made a lot of financial sense.</p><p>Fast forward to November 2022 and one of Palantir&#39;s investees in particular, Fast Radius, went bankrupt. Fast Radius had signed a $45 million contract with Palantir that would be spread out over a 6-year time frame and, in exchange, Palantir had invested $20 million in the company. But with Fast Radius filing for bankruptcy, Palantir&#39;s investment in the company and its average annualized revenue contribution of roughly $7.5 million are likely now worthless.</p><p>The bear case is that more of Palantir&#39;s investees could go bankrupt given the challenging macroeconomic environment. This would not only erode Palantir&#39;s initial investment in them, but would also hurt its revenue pipeline and eliminate any cash distributions that might otherwise originate from these investees in the future. As it is, Palantir&#39;s portfolio is doing poorly and a liquidity crunch could further push these companies on the brink of bankruptcy. So, it&#39;s understandable why Palantir&#39;s investors are panicking.</p><p></p><p><img src=\"https://static.seekingalpha.com/uploads/2022/11/30/4893391-16698051258633738.png\" tg-width=\"640\" tg-height=\"528\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>BusinessQuant.com</p><p></p><h2><b>The Ground Reality</b></h2><p>I would like to first clarify that the bear case is entirely speculative in nature and there is absolutely zero evidence to support the claim that more of Palantir&#39;s portfolio companies will go bankrupt in the next 12 months. It has been a tough year so far and shares of technology companies have been hammered down across the globe, but that does not necessarily mean a broad swath of these companies will go out of business. I&#39;d argue that if the macroeconomic environment were to deteriorate as much as the bears believe, then its fallout will be felt globally and it&#39;d trigger mass bankruptcies for a lot many listed companies, regardless of whether Palantir has invested in them or not. So, I view this bear case as fearmongering at best.</p><p>Secondly, note that Palantir&#39;s revenue from its investee companies amounted to just 5.9% of its total revenue last quarter. The chart below indicates that this figure is relatively lower than the peak figure of 8.8% two quarters ago. Also, note how the revenue generated from these investee firms has dropped $28.1 million last quarter, dropping for 2 quarters straight. The point that I&#39;m trying to make here is that even if all the investee companies went bankrupt at once, like the extreme bear case suggests, even then Palantir&#39;s revenue would likely drop by 6% at worst. So, the ground reality isn&#39;t as dire for Palantir, as some commenters are making it out to be.</p><p></p><p><img src=\"https://static.seekingalpha.com/uploads/2022/11/30/4893391-16698063238797498.png\" tg-width=\"640\" tg-height=\"502\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>BusinessQuant.com</p><p></p><p>Third, bears are arguing that Palantir&#39;s shares will be worth $5 to factor in light of this bankruptcy risk but I feel this number has been pulled out of thin air. Palantir&#39;s shares opened at $8.44 apiece on November 14, before these bankruptcy-related fears had sunk in. Since then, the stock is down nearly 17% and its market cap is down roughly $3 billion. If the stock were to plunge to $5 apiece as the bears are projecting, then it would equate to a market cap erosion of $7.3 billion since November 14.</p><p>For a maximum quarterly revenue loss of roughly $28.1 million, or annualized revenue loss of $112 million, expecting a market cap erosion of $7.3 billion is an overtly bearish projection. It implies that Palantir&#39;s market cap will drop 60-times the lost investee revenue, which is absurd given the stock is currently trading at 8-times its trailing twelve-month revenue.</p><p>To put it in another way, the complete erosion of $112 million worth of annualized investee revenue should lead to a market cap erosion of $896 million at Palantir&#39;s currently prevalent 8-times Price-to-Sales (or P/S) multiple, but the bears are rooting for $7.3 billion worth of market cap destruction at a 60-times multiple instead. This seems like a gross miscalculation or an extreme exaggeration in the prevalent bear case.</p><p>Lastly, Palantir&#39;s marketable securities amounted to just $57.3 million as on September 30, 2022 per its latest 10Q filing. This relatively miniscule figure doesn&#39;t contribute much towards justifying the $7.3 billion worth of market cap erosion either.</p><h2><b>Final Thoughts</b></h2><p>The takeaway here is that the bear case is unlikely to materialize anytime soon. It exaggerates the bankruptcy risk for Palantir&#39;s investees and the stock is unlikely to drop down to $5 apiece because of it.</p><p></p><p><img src=\"https://static.tigerbbs.com/8f4391584292811018188c05d439471f\" tg-width=\"640\" tg-height=\"348\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>BusinessQuant.com</p><p></p><p>It&#39;s important to note that Palantir&#39;s shares are trading at 8-times the company&#39;s trailing twelve month sales which is quite attractive when looking at industry comparables. There are several other software companies that are growing just as fast as Palantir, or slower, but trading at even higher multiples. So, I argue that Palantir&#39;s shares are attractively valued at current levels. Investors with a multi-year time horizon can consider accumulating Palantir&#39;s shares should it drop significantly and abruptly in coming weeks. As far as I&#39;m concerned, I remain bullish on Palantir (as outlined here and here). Good Luck!</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>Palantir: This Is Ridiculous</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\">\nPalantir: This Is Ridiculous\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-02 12:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4561548-palantir-this-is-ridiculous><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It seems like Palantir (NYSE:PLTR) is once again surrounded by fear, uncertainty and doubt. One of its investees and customer, Fast Radius, went bankrupt earlier this month and investors are pondering...</p>\n\n<a href=\"https://seekingalpha.com/article/4561548-palantir-this-is-ridiculous\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc.","BK4023":"应用软件","BK4543":"AI","BK4547":"WSB热门概念"},"source_url":"https://seekingalpha.com/article/4561548-palantir-this-is-ridiculous","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2288960327","content_text":"It seems like Palantir (NYSE:PLTR) is once again surrounded by fear, uncertainty and doubt. One of its investees and customer, Fast Radius, went bankrupt earlier this month and investors are pondering about the fate of Palantir's other portfolio companies. In light of this new risk factor, certain bears argue that Palantir's stock can plummet to $5 per share in the coming year. While this seems like a logical argument, it leaves a lot to be addressed even still. In this article, I'll attempt to explain why the on the ground reality isn't as dismal and why Palantir amounts to a buying opportunity on dips.The Bear CaseThere's no denying that we're in a challenging macroeconomic environment. Rampant inflation and aggressive rate hikes by the Fed are weighing down on the margin profiles and hampering the growth rates of nearly all companies. While most companies are running lean by cutting back on discretionary spending, the unlucky few are succumbing to the liquidity crunch and are starting to go bankrupt. This is where Palantir comes in.Palantir's top brass made investments in nearly two dozen privately held and public companies. Some of these investees would then sign master agreements with Palantir, that would typically be worth more than the investment in the first place, for using the latter's software. I won't comment whether that's coercion or a smart business move on the investee's part, and invite readers to share their thoughts on the same. But as far as Palantir is concerned, this deal structure made a lot of financial sense.Fast forward to November 2022 and one of Palantir's investees in particular, Fast Radius, went bankrupt. Fast Radius had signed a $45 million contract with Palantir that would be spread out over a 6-year time frame and, in exchange, Palantir had invested $20 million in the company. But with Fast Radius filing for bankruptcy, Palantir's investment in the company and its average annualized revenue contribution of roughly $7.5 million are likely now worthless.The bear case is that more of Palantir's investees could go bankrupt given the challenging macroeconomic environment. This would not only erode Palantir's initial investment in them, but would also hurt its revenue pipeline and eliminate any cash distributions that might otherwise originate from these investees in the future. As it is, Palantir's portfolio is doing poorly and a liquidity crunch could further push these companies on the brink of bankruptcy. So, it's understandable why Palantir's investors are panicking.BusinessQuant.comThe Ground RealityI would like to first clarify that the bear case is entirely speculative in nature and there is absolutely zero evidence to support the claim that more of Palantir's portfolio companies will go bankrupt in the next 12 months. It has been a tough year so far and shares of technology companies have been hammered down across the globe, but that does not necessarily mean a broad swath of these companies will go out of business. I'd argue that if the macroeconomic environment were to deteriorate as much as the bears believe, then its fallout will be felt globally and it'd trigger mass bankruptcies for a lot many listed companies, regardless of whether Palantir has invested in them or not. So, I view this bear case as fearmongering at best.Secondly, note that Palantir's revenue from its investee companies amounted to just 5.9% of its total revenue last quarter. The chart below indicates that this figure is relatively lower than the peak figure of 8.8% two quarters ago. Also, note how the revenue generated from these investee firms has dropped $28.1 million last quarter, dropping for 2 quarters straight. The point that I'm trying to make here is that even if all the investee companies went bankrupt at once, like the extreme bear case suggests, even then Palantir's revenue would likely drop by 6% at worst. So, the ground reality isn't as dire for Palantir, as some commenters are making it out to be.BusinessQuant.comThird, bears are arguing that Palantir's shares will be worth $5 to factor in light of this bankruptcy risk but I feel this number has been pulled out of thin air. Palantir's shares opened at $8.44 apiece on November 14, before these bankruptcy-related fears had sunk in. Since then, the stock is down nearly 17% and its market cap is down roughly $3 billion. If the stock were to plunge to $5 apiece as the bears are projecting, then it would equate to a market cap erosion of $7.3 billion since November 14.For a maximum quarterly revenue loss of roughly $28.1 million, or annualized revenue loss of $112 million, expecting a market cap erosion of $7.3 billion is an overtly bearish projection. It implies that Palantir's market cap will drop 60-times the lost investee revenue, which is absurd given the stock is currently trading at 8-times its trailing twelve-month revenue.To put it in another way, the complete erosion of $112 million worth of annualized investee revenue should lead to a market cap erosion of $896 million at Palantir's currently prevalent 8-times Price-to-Sales (or P/S) multiple, but the bears are rooting for $7.3 billion worth of market cap destruction at a 60-times multiple instead. This seems like a gross miscalculation or an extreme exaggeration in the prevalent bear case.Lastly, Palantir's marketable securities amounted to just $57.3 million as on September 30, 2022 per its latest 10Q filing. This relatively miniscule figure doesn't contribute much towards justifying the $7.3 billion worth of market cap erosion either.Final ThoughtsThe takeaway here is that the bear case is unlikely to materialize anytime soon. It exaggerates the bankruptcy risk for Palantir's investees and the stock is unlikely to drop down to $5 apiece because of it.BusinessQuant.comIt's important to note that Palantir's shares are trading at 8-times the company's trailing twelve month sales which is quite attractive when looking at industry comparables. There are several other software companies that are growing just as fast as Palantir, or slower, but trading at even higher multiples. So, I argue that Palantir's shares are attractively valued at current levels. Investors with a multi-year time horizon can consider accumulating Palantir's shares should it drop significantly and abruptly in coming weeks. As far as I'm concerned, I remain bullish on Palantir (as outlined here and here). Good Luck!","news_type":1},"isVote":1,"tweetType":1,"viewCount":18,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964054736,"gmtCreate":1670039000025,"gmtModify":1676538293953,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/YINN\">$FTSE China Bull 3X Shares(YINN)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/YINN\">$FTSE China Bull 3X Shares(YINN)$ &nbsp;</a>","text":"$FTSE China Bull 3X Shares(YINN)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9964054736","isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964052276,"gmtCreate":1670038594396,"gmtModify":1676538293893,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/FUND/SGXZ75661421.USD\">$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/FUND/SGXZ75661421.USD\">$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ &nbsp;</a>","text":"$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$","images":[{"img":"https://community-static.tradeup.com/news/8ee8054cca5d91973cf9dfec9d55c792","width":"1080","height":"14449"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9964052276","isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9965259417,"gmtCreate":1669966341939,"gmtModify":1676538279790,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/09626\">$BILIBILI-W(09626)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/09626\">$BILIBILI-W(09626)$ &nbsp;</a>","text":"$BILIBILI-W(09626)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965259417","repostId":"2288960327","repostType":4,"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964931402,"gmtCreate":1670046847207,"gmtModify":1676538295432,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/FUND/SGXZ75661421.USD\">$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/FUND/SGXZ75661421.USD\">$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ &nbsp;</a>","text":"$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9964931402","repostId":"9919169350","repostType":1,"repost":{"id":9919169350,"gmtCreate":1663754254639,"gmtModify":1676537329825,"author":{"id":"4104455119105420","authorId":"4104455119105420","name":"Tiger_Academy","avatar":"https://static.tigerbbs.com/3776fe550cd7a945e43d68c025988ed8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"DAY1 Education : Sustainable Competitive Advantages Explained","htmlText":"Hi, tigers~Today is the first day of column \"Learn US financial reports for&nbsp;beginners\".In this article, I will introduce 2 practical methods of how to judge whether a company has competitive advantage. Total revenue Gross profit 1.&nbsp;Total revenueYou might think, company A with tens of billions of dollars in annual total revenue is much better than Company B with billions of dollars in annual revenue, but is that true?&nbsp;Let me give you an example:Jack and Rose run separate companies. Jack's company generates $9,000 in revenue per month, while Rose's company generates only $6,000.From a revenue point of view, you would definitely think that Jack's company is better developed and more competitive.But if we do a careful analysis and take into account the cost of sales each month,","listText":"Hi, tigers~Today is the first day of column \"Learn US financial reports for&nbsp;beginners\".In this article, I will introduce 2 practical methods of how to judge whether a company has competitive advantage. Total revenue Gross profit 1.&nbsp;Total revenueYou might think, company A with tens of billions of dollars in annual total revenue is much better than Company B with billions of dollars in annual revenue, but is that true?&nbsp;Let me give you an example:Jack and Rose run separate companies. Jack's company generates $9,000 in revenue per month, while Rose's company generates only $6,000.From a revenue point of view, you would definitely think that Jack's company is better developed and more competitive.But if we do a careful analysis and take into account the cost of sales each month,","text":"Hi, tigers~Today is the first day of column \"Learn US financial reports for beginners\".In this article, I will introduce 2 practical methods of how to judge whether a company has competitive advantage. Total revenue Gross profit 1. Total revenueYou might think, company A with tens of billions of dollars in annual total revenue is much better than Company B with billions of dollars in annual revenue, but is that true? Let me give you an example:Jack and Rose run separate companies. Jack's company generates $9,000 in revenue per month, while Rose's company generates only $6,000.From a revenue point of view, you would definitely think that Jack's company is better developed and more competitive.But if we do a careful analysis and take into account the cost of sales each month,","images":[{"img":"https://static.tigerbbs.com/04bcc9ef8f363e1c17d66bf10887cb30","width":"828","height":"540"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9919169350","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965793910,"gmtCreate":1670021810031,"gmtModify":1676538288755,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/FUND/SGXZ75661421.USD\">$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/FUND/SGXZ75661421.USD\">$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$ &nbsp;</a>","text":"$LIONGLOBAL USD ENHANCED LIQUIDITY \"A\" (USD) ACC(SGXZ75661421.USD)$","images":[{"img":"https://community-static.tradeup.com/news/c3b084b55f4b04f80032b60f54b13efb","width":"1080","height":"10909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965793910","isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9965477008,"gmtCreate":1670019594904,"gmtModify":1676538288300,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$XPeng Inc.(XPEV)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965477008","isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965252447,"gmtCreate":1669967587789,"gmtModify":1676538280008,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Tiger Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965252447","repostId":"9966987299","repostType":1,"repost":{"id":9966987299,"gmtCreate":1669375916000,"gmtModify":1676538191562,"author":{"id":"4117298408154592","authorId":"4117298408154592","name":"David Shoko","avatar":"https://community-static.tradeup.com/news/910e2ecc8e82a97f0d2efc7d02d0c5af","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"2022 Q3 Earnings Review Part IV: Biotechnology and Healthcare","htmlText":"(The Street) Pfizer beat on the top and bottom lines and the management raised its full-year revenue guidance. AmerisourceBergen reported an impressive quarter with a earnings and revenue&nbsp;beat. As demand falls, BioNTech still reported a strong quarter as management looks to pivot the business to its expanding drug pipeline. Medtronic reported a mixed quarter that was coupled with a cautious outlook from management. The healthcare and biotechnology sectors continue to be areas where investors continue to hide from the sell-off in the technology-heavy NASDAQ index. The third quarter earnings showed that healthcare-related stocks continue to be resilient as companies pivot from the pandemic to a sense of normalization. Healthcare continues to be a secular growth winner as the populatio","listText":"(The Street) Pfizer beat on the top and bottom lines and the management raised its full-year revenue guidance. AmerisourceBergen reported an impressive quarter with a earnings and revenue&nbsp;beat. As demand falls, BioNTech still reported a strong quarter as management looks to pivot the business to its expanding drug pipeline. Medtronic reported a mixed quarter that was coupled with a cautious outlook from management. The healthcare and biotechnology sectors continue to be areas where investors continue to hide from the sell-off in the technology-heavy NASDAQ index. The third quarter earnings showed that healthcare-related stocks continue to be resilient as companies pivot from the pandemic to a sense of normalization. Healthcare continues to be a secular growth winner as the populatio","text":"(The Street) Pfizer beat on the top and bottom lines and the management raised its full-year revenue guidance. AmerisourceBergen reported an impressive quarter with a earnings and revenue beat. As demand falls, BioNTech still reported a strong quarter as management looks to pivot the business to its expanding drug pipeline. Medtronic reported a mixed quarter that was coupled with a cautious outlook from management. The healthcare and biotechnology sectors continue to be areas where investors continue to hide from the sell-off in the technology-heavy NASDAQ index. The third quarter earnings showed that healthcare-related stocks continue to be resilient as companies pivot from the pandemic to a sense of normalization. Healthcare continues to be a secular growth winner as the populatio","images":[{"img":"https://static.tigerbbs.com/be8ef8b820a67833b541a42d2b1cc0a2"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966987299","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965251032,"gmtCreate":1669966585327,"gmtModify":1676538279827,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/09626\">$BILIBILI-W(09626)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/09626\">$BILIBILI-W(09626)$ &nbsp;</a>","text":"$BILIBILI-W(09626)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965251032","repostId":"9027192701","repostType":1,"repost":{"id":9027192701,"gmtCreate":1653985191259,"gmtModify":1676535374084,"author":{"id":"3527667602250954","authorId":"3527667602250954","name":"TigerTalks","avatar":"https://static.tigerbbs.com/6d0224a45a40df8a325c03820c17dd2a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"What are Daily Leverage Certificates (DLCs)?","htmlText":"Important:Daily Leverage Certificates are Specified Investment Products (SIP) which&nbsp;have structures, features and risks that may be more complex.&nbsp;They are designed for short-term trading and are for investors who are willing to accept the risk of substantial losses up to the principal investment amount, possibly within a very short time frame.What are Daily Leverage Certificates (DLCs)?Issued by Societe Generale and listed on SGX Securities market, the DLCs offer investors leverage exposure to a wide range of underlying indexes and single stocks: Singapore Stock Indexes &amp; Single Stocks Hong&nbsp;Kong Stock Indexes &amp; Single Stocks *New*&nbsp;U.S. Stock Indexes All the DLCs are traded on SGX and denominated in Singapore dollars (SGD). Therefore, you can gain exposure to Hon","listText":"Important:Daily Leverage Certificates are Specified Investment Products (SIP) which&nbsp;have structures, features and risks that may be more complex.&nbsp;They are designed for short-term trading and are for investors who are willing to accept the risk of substantial losses up to the principal investment amount, possibly within a very short time frame.What are Daily Leverage Certificates (DLCs)?Issued by Societe Generale and listed on SGX Securities market, the DLCs offer investors leverage exposure to a wide range of underlying indexes and single stocks: Singapore Stock Indexes &amp; Single Stocks Hong&nbsp;Kong Stock Indexes &amp; Single Stocks *New*&nbsp;U.S. Stock Indexes All the DLCs are traded on SGX and denominated in Singapore dollars (SGD). Therefore, you can gain exposure to Hon","text":"Important:Daily Leverage Certificates are Specified Investment Products (SIP) which have structures, features and risks that may be more complex. They are designed for short-term trading and are for investors who are willing to accept the risk of substantial losses up to the principal investment amount, possibly within a very short time frame.What are Daily Leverage Certificates (DLCs)?Issued by Societe Generale and listed on SGX Securities market, the DLCs offer investors leverage exposure to a wide range of underlying indexes and single stocks: Singapore Stock Indexes & Single Stocks Hong Kong Stock Indexes & Single Stocks *New* U.S. Stock Indexes All the DLCs are traded on SGX and denominated in Singapore dollars (SGD). Therefore, you can gain exposure to Hon","images":[{"img":"https://community-static.tradeup.com/news/53ac4488735806626eeb81521f946958","width":"707","height":"249"},{"img":"https://community-static.tradeup.com/news/f8bfc52daa65c36f954858831deb1893","width":"743","height":"348"},{"img":"https://community-static.tradeup.com/news/27f1f2ebc6ee1c5a989e74bee6f3b015","width":"1048","height":"175"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027192701","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":6,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965218425,"gmtCreate":1669957537867,"gmtModify":1676538278414,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"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/9965218425","repostId":"2288840759","repostType":4,"repost":{"id":"2288840759","pubTimestamp":1669944350,"share":"https://www.laohu8.com/m/news/2288840759?lang=&edition=full","pubTime":"2022-12-02 09:25","market":"us","language":"en","title":"IPO Market Nearly Paused, but Exchange Leaders Expect 2023 Boost","url":"https://stock-news.laohu8.com/highlight/detail?id=2288840759","media":"Reuters","summary":"NEW YORK (Reuters) - A global slowdown in initial public offerings due to heightened market volatili","content":"<html><head></head><body><p>NEW YORK (Reuters) - A global slowdown in initial public offerings due to heightened market volatility and a regulatory cloud over new listings from China has created pent up demand that could lead to an IPO boom in 2023, industry executives told the Reuters NEXT conference.</p><p>Global IPOs hit record-high levels in 2021, driven by rallying stock markets and rock-bottom interest rates, but the number of companies going public has slowed sharply this year as central banks have rushed to hike rates in an attempt to tame decades-high inflation, roiling markets in the process.</p><p>&#34;Clearly the underwriting calendar is effectively zero and if you are an underwriting business, you are not making any revenue,&#34; <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> Chief Executive James Gorman said at the conference on Thursday.</p><p>Proceeds raised by IPOs this year are down around 93% versus 2021, said Lynn Martin, president of Intercontinental Exchange Inc&#39;s New York Stock Exchange.</p><p>&#34;The reason companies aren&#39;t coming to market isn&#39;t because the public market currency isn&#39;t strong,&#34; she said in an interview on Wednesday. &#34;In fact, our pipeline is tremendous. The reason these aren&#39;t coming to market is because of all the volatility in the market.&#34;</p><p>Volatility has been heightened since the beginning of the pandemic by a large increase in electronic trading driven by algorithms, which has led to faster and larger volume spikes than were seen even five years ago, LSEG Group Chief Executive David Schwimmer said on Thursday.</p><p>There are about 200 companies currently waiting to go public on the Nasdaq, which is below the range of 250-300 over the past few years, Nasdaq Inc CEO Adena Friedman said on Wednesday.</p><p>The IPO market has gone &#34;on almost a pause&#34; as investors wait for clarity around the extent to which interest rates are going to rise, she said.</p><p>&#34;We are hopeful that the second half of &#39;23 becomes an opportunity for companies to get out, but I would expect a quiet first half,&#34; she said.</p><p>Increased scrutiny over the accounting practices of Chinese companies listing in the United States has been another factor in the slowdown in IPOs.</p><p>Nasdaq postponed the IPOs of several small Chinese companies in October as it investigated short-lived rallies following the IPOs of such companies, while earlier in the year, five Chinese state-owned enterprises whose audits have been under scrutiny by U.S. regulators delisted from the NYSE.</p><p>The NYSE&#39;s Martin said a potential deal between U.S. and Chinese authorities over allowing U.S. audits of China-based firms appeared promising.</p><p>IPO proceeds at Hong Kong Exchanges and Clearing Ltd (HKEX) are on track to be at their lowest level in a decade, hurt by China&#39;s economic slowdown, a sweeping regulatory crackdown that has tightened scrutiny over companies&#39; fundraising outside mainland China, and geopolitical tensions.</p><p>There are around 100 companies in HKEX&#39;s pipeline, many of which are waiting for market sentiment to improve so that their valuations are higher when they come to market, HKEX Chairman Laura Cha told  the  Reuters NEXT conference on Wednesday.</p><p>&#34;I am quite confident that the IPO market activity will return very quickly in the new year,&#34; she said.</p></body></html>","source":"yahoofinance","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>IPO Market Nearly Paused, but Exchange Leaders Expect 2023 Boost</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\">\nIPO Market Nearly Paused, but Exchange Leaders Expect 2023 Boost\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-02 09:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ipo-market-nearly-paused-exchange-000112521.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - A global slowdown in initial public offerings due to heightened market volatility and a regulatory cloud over new listings from China has created pent up demand that could lead to...</p>\n\n<a href=\"https://finance.yahoo.com/news/ipo-market-nearly-paused-exchange-000112521.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","BK4581":"高盛持仓","NDAQ":"纳斯达克OMX交易所","MS":"摩根士丹利","BK4504":"桥水持仓","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","BK4112":"金融交易所和数据","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0971096721.USD":"富达环球金融服务 A","BK4127":"投资银行业与经纪业","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU0106831901.USD":"贝莱德世界金融基金A2","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H"},"source_url":"https://finance.yahoo.com/news/ipo-market-nearly-paused-exchange-000112521.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2288840759","content_text":"NEW YORK (Reuters) - A global slowdown in initial public offerings due to heightened market volatility and a regulatory cloud over new listings from China has created pent up demand that could lead to an IPO boom in 2023, industry executives told the Reuters NEXT conference.Global IPOs hit record-high levels in 2021, driven by rallying stock markets and rock-bottom interest rates, but the number of companies going public has slowed sharply this year as central banks have rushed to hike rates in an attempt to tame decades-high inflation, roiling markets in the process.\"Clearly the underwriting calendar is effectively zero and if you are an underwriting business, you are not making any revenue,\" Morgan Stanley Chief Executive James Gorman said at the conference on Thursday.Proceeds raised by IPOs this year are down around 93% versus 2021, said Lynn Martin, president of Intercontinental Exchange Inc's New York Stock Exchange.\"The reason companies aren't coming to market isn't because the public market currency isn't strong,\" she said in an interview on Wednesday. \"In fact, our pipeline is tremendous. The reason these aren't coming to market is because of all the volatility in the market.\"Volatility has been heightened since the beginning of the pandemic by a large increase in electronic trading driven by algorithms, which has led to faster and larger volume spikes than were seen even five years ago, LSEG Group Chief Executive David Schwimmer said on Thursday.There are about 200 companies currently waiting to go public on the Nasdaq, which is below the range of 250-300 over the past few years, Nasdaq Inc CEO Adena Friedman said on Wednesday.The IPO market has gone \"on almost a pause\" as investors wait for clarity around the extent to which interest rates are going to rise, she said.\"We are hopeful that the second half of '23 becomes an opportunity for companies to get out, but I would expect a quiet first half,\" she said.Increased scrutiny over the accounting practices of Chinese companies listing in the United States has been another factor in the slowdown in IPOs.Nasdaq postponed the IPOs of several small Chinese companies in October as it investigated short-lived rallies following the IPOs of such companies, while earlier in the year, five Chinese state-owned enterprises whose audits have been under scrutiny by U.S. regulators delisted from the NYSE.The NYSE's Martin said a potential deal between U.S. and Chinese authorities over allowing U.S. audits of China-based firms appeared promising.IPO proceeds at Hong Kong Exchanges and Clearing Ltd (HKEX) are on track to be at their lowest level in a decade, hurt by China's economic slowdown, a sweeping regulatory crackdown that has tightened scrutiny over companies' fundraising outside mainland China, and geopolitical tensions.There are around 100 companies in HKEX's pipeline, many of which are waiting for market sentiment to improve so that their valuations are higher when they come to market, HKEX Chairman Laura Cha told  the  Reuters NEXT conference on Wednesday.\"I am quite confident that the IPO market activity will return very quickly in the new year,\" she said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":4,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964931882,"gmtCreate":1670046789346,"gmtModify":1676538295424,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"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/9964931882","repostId":"9919169350","repostType":1,"repost":{"id":9919169350,"gmtCreate":1663754254639,"gmtModify":1676537329825,"author":{"id":"4104455119105420","authorId":"4104455119105420","name":"Tiger_Academy","avatar":"https://static.tigerbbs.com/3776fe550cd7a945e43d68c025988ed8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"DAY1 Education : Sustainable Competitive Advantages Explained","htmlText":"Hi, tigers~Today is the first day of column \"Learn US financial reports for&nbsp;beginners\".In this article, I will introduce 2 practical methods of how to judge whether a company has competitive advantage. Total revenue Gross profit 1.&nbsp;Total revenueYou might think, company A with tens of billions of dollars in annual total revenue is much better than Company B with billions of dollars in annual revenue, but is that true?&nbsp;Let me give you an example:Jack and Rose run separate companies. Jack's company generates $9,000 in revenue per month, while Rose's company generates only $6,000.From a revenue point of view, you would definitely think that Jack's company is better developed and more competitive.But if we do a careful analysis and take into account the cost of sales each month,","listText":"Hi, tigers~Today is the first day of column \"Learn US financial reports for&nbsp;beginners\".In this article, I will introduce 2 practical methods of how to judge whether a company has competitive advantage. Total revenue Gross profit 1.&nbsp;Total revenueYou might think, company A with tens of billions of dollars in annual total revenue is much better than Company B with billions of dollars in annual revenue, but is that true?&nbsp;Let me give you an example:Jack and Rose run separate companies. Jack's company generates $9,000 in revenue per month, while Rose's company generates only $6,000.From a revenue point of view, you would definitely think that Jack's company is better developed and more competitive.But if we do a careful analysis and take into account the cost of sales each month,","text":"Hi, tigers~Today is the first day of column \"Learn US financial reports for beginners\".In this article, I will introduce 2 practical methods of how to judge whether a company has competitive advantage. Total revenue Gross profit 1. Total revenueYou might think, company A with tens of billions of dollars in annual total revenue is much better than Company B with billions of dollars in annual revenue, but is that true? Let me give you an example:Jack and Rose run separate companies. Jack's company generates $9,000 in revenue per month, while Rose's company generates only $6,000.From a revenue point of view, you would definitely think that Jack's company is better developed and more competitive.But if we do a careful analysis and take into account the cost of sales each month,","images":[{"img":"https://static.tigerbbs.com/04bcc9ef8f363e1c17d66bf10887cb30","width":"828","height":"540"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9919169350","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964051104,"gmtCreate":1670038144108,"gmtModify":1676538293782,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Bitcoin","listText":"Bitcoin","text":"Bitcoin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9964051104","repostId":"9962472537","repostType":1,"repost":{"id":9962472537,"gmtCreate":1669841719730,"gmtModify":1676538253078,"author":{"id":"4119072940563712","authorId":"4119072940563712","name":"TradingLounge","avatar":"https://community-static.tradeup.com/news/e3847b140dde3f0115931dbd158233e5","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"SP500, AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B,BLOCK,META, NFLX,ENPH, MSFT,GS,JPM,BAC.Elliott Wave","htmlText":"\n \n \n  Stock Market Trading: SP500, USD DXY, AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. US ETF Sectors. Elliott Wave AnalysisUS Stocks: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM &amp; Bank of America BAC, Goldman Sachs Group Inc (GS)Stock Market News: See J Powell's speech. ADP figures and NFP on FridayStock Market Summary Elliott Wave v) to 4100Video Chapters 00:00 SP500 / USD DXY 09:05 Apple (AAPL) 12:28 NVIDIA (NVDA) 15:10&nbsp;Amazon (AMZN) 19:08 Meta Platforms (META) 20:41 Netflix (NFLX)&nbsp; 22:09 Enphase (ENPH) 26:44 Tesla (TSLA) 27:42 Alphabet (GOOGL)&nbsp; 29:31 Microsoft (MSFT) 3\n \n","listText":"Stock Market Trading: SP500, USD DXY, AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. US ETF Sectors. Elliott Wave AnalysisUS Stocks: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM &amp; Bank of America BAC, Goldman Sachs Group Inc (GS)Stock Market News: See J Powell's speech. ADP figures and NFP on FridayStock Market Summary Elliott Wave v) to 4100Video Chapters 00:00 SP500 / USD DXY 09:05 Apple (AAPL) 12:28 NVIDIA (NVDA) 15:10&nbsp;Amazon (AMZN) 19:08 Meta Platforms (META) 20:41 Netflix (NFLX)&nbsp; 22:09 Enphase (ENPH) 26:44 Tesla (TSLA) 27:42 Alphabet (GOOGL)&nbsp; 29:31 Microsoft (MSFT) 3","text":"Stock Market Trading: SP500, USD DXY, AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. US ETF Sectors. Elliott Wave AnalysisUS Stocks: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS)Stock Market News: See J Powell's speech. 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Total revenue Gross profit 1.&nbsp;Total revenueYou might think, company A with tens of billions of dollars in annual total revenue is much better than Company B with billions of dollars in annual revenue, but is that true?&nbsp;Let me give you an example:Jack and Rose run separate companies. Jack's company generates $9,000 in revenue per month, while Rose's company generates only $6,000.From a revenue point of view, you would definitely think that Jack's company is better developed and more competitive.But if we do a careful analysis and take into account the cost of sales each month,","listText":"Hi, tigers~Today is the first day of column \"Learn US financial reports for&nbsp;beginners\".In this article, I will introduce 2 practical methods of how to judge whether a company has competitive advantage. Total revenue Gross profit 1.&nbsp;Total revenueYou might think, company A with tens of billions of dollars in annual total revenue is much better than Company B with billions of dollars in annual revenue, but is that true?&nbsp;Let me give you an example:Jack and Rose run separate companies. Jack's company generates $9,000 in revenue per month, while Rose's company generates only $6,000.From a revenue point of view, you would definitely think that Jack's company is better developed and more competitive.But if we do a careful analysis and take into account the cost of sales each month,","text":"Hi, tigers~Today is the first day of column \"Learn US financial reports for beginners\".In this article, I will introduce 2 practical methods of how to judge whether a company has competitive advantage. Total revenue Gross profit 1. Total revenueYou might think, company A with tens of billions of dollars in annual total revenue is much better than Company B with billions of dollars in annual revenue, but is that true? Let me give you an example:Jack and Rose run separate companies. Jack's company generates $9,000 in revenue per month, while Rose's company generates only $6,000.From a revenue point of view, you would definitely think that Jack's company is better developed and more competitive.But if we do a careful analysis and take into account the cost of sales each month,","images":[{"img":"https://static.tigerbbs.com/04bcc9ef8f363e1c17d66bf10887cb30","width":"828","height":"540"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9919169350","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965449313,"gmtCreate":1670014463137,"gmtModify":1676538287764,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"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/9965449313","repostId":"614043908","repostType":1,"repost":{"id":614043908,"gmtCreate":1653301697832,"gmtModify":1676533137788,"author":{"id":"3562804614994746","authorId":"3562804614994746","name":"TigerFeatures","avatar":"https://static.tigerbbs.com/5a8e4414a77df621346870c2f7e7cab7","crmLevel":0,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"[Symbols page] New function introduction","htmlText":"&nbsp;","listText":"&nbsp;","text":"","images":[{"img":"https://static.tigerbbs.com/244d6314e74757832d5634489f08b183","width":"-1","height":"-1"},{"img":"https://static.tigerbbs.com/fa4f148949621a7ee4ed9a01a01d5924","width":"-1","height":"-1"},{"img":"https://static.tigerbbs.com/316078f1835cac7f174762a2bd86f567","width":"-1","height":"-1"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/614043908","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965503670,"gmtCreate":1669973939791,"gmtModify":1676538281155,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"//<a href=\"https://ttm.financial/U/4132805076588822\">@Razak Abdullah</a>: <a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v><a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"//<a href=\"https://ttm.financial/U/4132805076588822\">@Razak Abdullah</a>: <a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v><a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"//@Razak Abdullah: $Tiger Brokers(TIGR)$ $Tiger Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965503670","repostId":"2288960327","repostType":4,"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965266990,"gmtCreate":1669962241710,"gmtModify":1676538279181,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"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/9965266990","repostId":"9965205888","repostType":1,"repost":{"id":9965205888,"gmtCreate":1669952623144,"gmtModify":1676538277462,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"Perfect Goals Strategy Guide","htmlText":"Do you want to know how to gain more points in the game? And do you want to know how many surprise eggs in the game? Read this guide note and it will help a lot to win the prizes!&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a><a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/world-cup/?adcode=20221031201028#/https://www.tigerbrokers.com.sg/activity/market/2022/world-cup/?adcode=20221031201028#/\" target=\"_blank\">Click here to participate in the campaign.</a><a href=\"https://www.tigerbrokers.com.sg/activity/forapp/rules/?id=footballseason\" target=\"_blank\">Check here&nbsp;to check the T&amp;Cs.</a><a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/world-cup/?adcode=20221031201028#/\" target=\"_blank\">Click here to participate in th</a>","listText":"Do you want to know how to gain more points in the game? And do you want to know how many surprise eggs in the game? 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Read this guide note and it will help a lot to win the prizes! $Tiger Brokers(TIGR)$Click here to participate in the campaign.Check here to check the T&Cs.Click here to participate in th","images":[{"img":"https://community-static.tradeup.com/news/fc1837026ba73f7208d67ec911acb5dd","width":"750","height":"6399"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965205888","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965211253,"gmtCreate":1669957355872,"gmtModify":1676538278383,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TQQQ\">$Nasdaq100 Bull 3X ETF(TQQQ)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TQQQ\">$Nasdaq100 Bull 3X ETF(TQQQ)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Nasdaq100 Bull 3X ETF(TQQQ)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965211253","isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965213437,"gmtCreate":1669957270429,"gmtModify":1676538278360,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/09626\">$BILIBILI-W(09626)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/09626\">$BILIBILI-W(09626)$ &nbsp;</a>","text":"$BILIBILI-W(09626)$","images":[{"img":"https://community-static.tradeup.com/news/000167b03bdfe8144ae301e97e702973","width":"1080","height":"10909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965213437","isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},{"id":9965234496,"gmtCreate":1669956410515,"gmtModify":1676538278143,"author":{"id":"4132805076588822","authorId":"4132805076588822","name":"Razak Abdullah","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://ttm.financial/U/4105602698459250\">@Crisis101 &nbsp;</a>","listText":"<a href=\"https://ttm.financial/U/4105602698459250\">@Crisis101 &nbsp;</a>","text":"@Crisis101","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9965234496","repostId":"2288464628","repostType":2,"repost":{"id":"2288464628","pubTimestamp":1669948154,"share":"https://www.laohu8.com/m/news/2288464628?lang=&edition=full","pubTime":"2022-12-02 10:29","market":"us","language":"en","title":"TSMC Vs. Intel: The New King Of The Hill","url":"https://stock-news.laohu8.com/highlight/detail?id=2288464628","media":"seekingalpha","summary":"JasonDoiyInvestment ThesisAlthough I have discussed both Intel (NASDAQ:INTC) and (to lesser extent) ","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/524227e2de3f998b2c6616fdd17e1cac\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>JasonDoiy</p><h2>Investment Thesis</h2><p>Although I have discussed both Intel (NASDAQ:INTC) and (to lesser extent) TSMC (NYSE:TSM) previously, it’s been a while since I have compared both. In line with the overall market, both stocks have declined quite substantially from their highs. For TSMC this means, combined with its continued growth, that it has caught up to its previously quite elevated valuation. For Intel, even the roughly 50% drop still hasn’t been enough to fully offset the substantially decreased earnings estimates as revenue has fallen and investments have decreased.</p><p>While it may be tempting, as Buffett’s Berkshire Hathaway (BRK.A)(BRK.B) has done, to conclude that TSMC remains the top dog of semiconductor manufacturing, I would nevertheless argue that Intel’s prospects going forward are just as bright, as substantial leverage should become visible once the current investments start to pay off. Meanwhile, TSMC is visibly struggling with its latest nodes.</p><p>So while a case for both companies could be made at their current valuation, I’d buy Intel over TSMC as the new king of the hill for the next decade.</p><h2>Competitive landscape</h2><p>This article has been inspired in part by a similar recent comparison by another contributor. While the author laid out many of the most relevant facts, what I differ in is in the interpretation of those. To wit, as has been a consistent theme throughout my coverage of both companies, the topic of process leadership.</p><p>While it is true that 10nm had been delayed for many years, ultimately this is not relevant anymore as Moore’s Law has continued to shift the goalposts. As such, 10nm is just as relevant to this discussion as who won World War II.</p><p>So when it comes to who is best positioned for semiconductor leadership going forward, my analysis has indicated it is Intel, not TSMC. The reason for this is simply that Intel has its 2nm node (called 20A, followed by 18A six months later) lined up for production to start in the first half of 2024, which compares to TSMC’s equivalent node (called N2) which is scheduled for the second half of 2025, a non-insignificant 12- to 18-month lag compared to Intel.</p><p>Moreover, Intel said in 2019 it was targeting a 2x shrink, while TSMC’s official disclosure is for a shrink of “&gt;1.1x”, which suggests Intel’s 18A could outperform TSMC’s N2 despite being a year earlier. Indeed, my current <i>estimate</i> is that 18A will have an over 40% higher density (half a node) than N2.</p><p>Now, as always, some people might be skeptical about this, so let’s recap some of the reasons why this prognosis should be reliable.</p><p>First, even in the face of its many delays, Intel has actually maintained its status as the industry’s innovation powerhouse. The main issue was not with the technology itself, but that it contained too many defects to go into production economically. One of the reasons for this was that Intel was not ready for EUV lithography (because the original 10nm schedule was years ahead of when EUV was eventually ready). In addition, Intel has parallel development teams. So while the Intel 4/3 team stumbled upon a hiccup, the Intel 20/18A team just continued to move forward.</p><p>In addition, Intel will introduce two key brand-new technologies in 20A, namely RibbonFET (gate-all-around FET) and PowerVia (backside power delivery network). Investors can be assured that these technologies have not just been put on the roadmap a few quarters ago, since in reality such ground-breaking innovations usually take <i>at least</i> a decade to go from research to production. As of October 2022, Intel stated that these nodes remain on track, with the first full-blown test chips (both internal and from a foundry customer) now in the fab.</p><p>Lastly, there is one more reason that Intel’s current nodes such as Intel 7 are irrelevant, which is that onboarding new foundry customers literally takes years, as that is the time it takes for the development of new chips. Note that IFS (Intel Foundry Services) was only created in early 2021, which puts the earliest volume production for those initial customers likely in 2024-25. But that is exactly the timeframe when 20/18A will become available, which proves the point that earlier nodes are hardly relevant anymore; new potential foundry customers will be looking at Intel&#39;s offerings for the 2025+ timeframe.</p><p>As a side note, Intel mainly expects foundry customers to adopt 18A, as 20A will be more of an internal, lower-volume node like Intel 4, as part of Intel’s new Tick-Tock process development methodology.</p><p>Of course, some customers will likely have more or less stringent requirements with regards to the milestones they would want to see before increasing their adoption of Intel’s foundry services. For example, if a new customer like MediaTek, which Intel announced is adopting Intel 16 initially, would wait until its first chips are in the market before committing to new (perhaps more leading edge) projects, then that would take many years. Perhaps closer to reality, though, as Pat Gelsinger has explained, the various test chips on 18A that will come out of the fab over the coming quarters will serve as proof points for potential customers as they are evaluating where to get their future chips manufactured.</p><blockquote>Pat Gelsinger: Yes. Thank you. And on 20A and 18A, they go to RibbonFET, as you say. And Intel has driven every major transistor, right, in the volume production for the last 35 years. So the idea that we&#39;re the ones who are going to drive this major new transistor structure into production is something that we&#39;re pretty committed to be a driver for 20A, as you said, on track, on schedule. We expect 20A will primarily be an internal node, not one that we have a lot of external foundry customers for the external foundry chipset or tape-outs are largely associated with 18A.</blockquote><blockquote>And a very typical process for a foundry customer will be &#34;give me a test chip of my circuits on your process.&#34; and that&#39;s exactly what we tape out. The first one this quarter. We&#39;ll have several more in the pipeline. So now we&#39;re taping out not only our test chips for 18A, but our foundry customer test chips for 18A, and that&#39;s a pretty critical milestone when they see the results of the silicon for them making a volume decision for a foundry customer.</blockquote><blockquote>So we&#39;re exactly on the time line that I described earlier for those tape-outs and those decisions. So as they start to see the silicon results, which we think are going to be very promising we think that will be a key step to them making major foundry decisions. And overall, this just affirms our five nodes in four years. We&#39;re making the investments. We&#39;re seeing good progress to get back to process technology leadership, which for Intel is a tide that raises all boats in the company. It makes our products better. It establishes our new business areas, positions us in a very profound way for foundry</blockquote><h2>Conclusion</h2><p>Intel’s 18A node represents the first possible interception point for potential foundry customers to become an early adopter of a new Intel node since the IFS business was created, and therefore this node is pretty much the only sensible node to use as comparison to evaluate process leadership. Using any other node for this purpose would be a straw man at best.</p><p>So in that regard, based on density projections disclosed by Intel and TSMC, my current estimate is that 18A will be half a node denser than TSMC’s N2, while also being a full year earlier to market. Unless any changes in the schedules were to occur, this hence leaves no question of who will be able to claim process leadership going forward: not TSMC, but Intel.</p><p>One example of how this <i>could</i> play out in the market is if Qualcomm (QCOM) would launch an 18A SoC in 2025, whereas Apple’s 2025 products will have to use some variant of TSMC’s N3, with an N2 iPhone only becoming possible in 2026.</p><h2>Valuation</h2><p>Even after the substantial rally since the Berkshire Hathaway investment in TSMC became public, TSMC is currently still valued at just a double-digit P/E, with the stock price down significantly. Clearly, in a more bullish market, TSMC could easily sport a valuation (multiple) in the 20s or even 30s, even before considering any future growth. It is projected that the foundry market will continue to grow at a decent clip (Intel’s projection at Investor Meeting 2022 was that it would grow from $100B to $170B or so by 2030). In other words, even if TSMC loses some market share to newcomer Intel, unless IFS becomes more successful than any single person (including Pat Gelsinger) currently anticipates, then TSMC is unlikely to deliver negative alpha going forward.</p><p>In contrast, Intel’s forward P/E of nearly 15x is actually a bit more expensive than TSMC. However, this comes with the caveat that Intel has lost a substantial amount of leverage due to the current decline in revenue and the ongoing investments to catch up. However, these investments are likely to pay off given the trends with regards to process leadership as discussed above. This means Intel’s earnings could multiple once it starts to grow revenue again.</p><p>For example, management openly stated during the last earnings call that it aspires for Intel to deliver industry-leading metrics such as gross margin (60%+) and operating margin (40%+). Clearly, Intel is currently delivering far below those benchmarks, leaving ample upside if it succeeds in what Pat Gelsinger has previously called the greatest turnaround ever.</p><h2>Investor Takeaway</h2><p>Despite their similar (currently quite low) P/E valuations, Intel and TSMC are two companies with two quite different profiles in terms of several metrics such as gross margin, growth, and operating margin.</p><p>At first sight, the investment case for TSMC sounds reasonable enough: it is the foundry industry leader (both in technology and market share), and one may be tempted to fall into a false sense of security by assuming this will remain the case going forward. Hence, continued (industry) growth should make for a safe investment.</p><p>While I do not necessarily disagree with this reasoning, the more alluring investment going forward would actually be Intel. First and foremost, given the deflated gross and operating margins, Intel is arguably the company with the greatest opportunity to multiply its earnings (and with that its stock price). Secondly, as discussed Intel is currently unambiguously in pole position to take over process leadership from TSMC in 2025. Once this happens, because TSMC’s N2 is unlikely to fully catch up to 18A, Intel will then likely (comfortably) hold this position at least for the rest of the decade.</p><p>Since 18A is also the first node that lines up with the development cycle of chips, after onboarding the first customers in 2021, this means IFS will enjoy a leadership position out of the gate, which bodes well for this business’ prospects, which will come at the detriment of either Samsung or TSMC as its only competitors at the leading edge.</p><p>Ergo, Intel is (will be) the new king of the hill.</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>TSMC Vs. Intel: The New King Of The Hill</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\">\nTSMC Vs. Intel: The New King Of The Hill\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-02 10:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4561623-tsmc-vs-intel-the-new-king-of-the-hill><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>JasonDoiyInvestment ThesisAlthough I have discussed both Intel (NASDAQ:INTC) and (to lesser extent) TSMC (NYSE:TSM) previously, it’s been a while since I have compared both. In line with the overall ...</p>\n\n<a href=\"https://seekingalpha.com/article/4561623-tsmc-vs-intel-the-new-king-of-the-hill\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电","INTC":"英特尔"},"source_url":"https://seekingalpha.com/article/4561623-tsmc-vs-intel-the-new-king-of-the-hill","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2288464628","content_text":"JasonDoiyInvestment ThesisAlthough I have discussed both Intel (NASDAQ:INTC) and (to lesser extent) TSMC (NYSE:TSM) previously, it’s been a while since I have compared both. In line with the overall market, both stocks have declined quite substantially from their highs. For TSMC this means, combined with its continued growth, that it has caught up to its previously quite elevated valuation. For Intel, even the roughly 50% drop still hasn’t been enough to fully offset the substantially decreased earnings estimates as revenue has fallen and investments have decreased.While it may be tempting, as Buffett’s Berkshire Hathaway (BRK.A)(BRK.B) has done, to conclude that TSMC remains the top dog of semiconductor manufacturing, I would nevertheless argue that Intel’s prospects going forward are just as bright, as substantial leverage should become visible once the current investments start to pay off. Meanwhile, TSMC is visibly struggling with its latest nodes.So while a case for both companies could be made at their current valuation, I’d buy Intel over TSMC as the new king of the hill for the next decade.Competitive landscapeThis article has been inspired in part by a similar recent comparison by another contributor. While the author laid out many of the most relevant facts, what I differ in is in the interpretation of those. To wit, as has been a consistent theme throughout my coverage of both companies, the topic of process leadership.While it is true that 10nm had been delayed for many years, ultimately this is not relevant anymore as Moore’s Law has continued to shift the goalposts. As such, 10nm is just as relevant to this discussion as who won World War II.So when it comes to who is best positioned for semiconductor leadership going forward, my analysis has indicated it is Intel, not TSMC. The reason for this is simply that Intel has its 2nm node (called 20A, followed by 18A six months later) lined up for production to start in the first half of 2024, which compares to TSMC’s equivalent node (called N2) which is scheduled for the second half of 2025, a non-insignificant 12- to 18-month lag compared to Intel.Moreover, Intel said in 2019 it was targeting a 2x shrink, while TSMC’s official disclosure is for a shrink of “>1.1x”, which suggests Intel’s 18A could outperform TSMC’s N2 despite being a year earlier. Indeed, my current estimate is that 18A will have an over 40% higher density (half a node) than N2.Now, as always, some people might be skeptical about this, so let’s recap some of the reasons why this prognosis should be reliable.First, even in the face of its many delays, Intel has actually maintained its status as the industry’s innovation powerhouse. The main issue was not with the technology itself, but that it contained too many defects to go into production economically. One of the reasons for this was that Intel was not ready for EUV lithography (because the original 10nm schedule was years ahead of when EUV was eventually ready). In addition, Intel has parallel development teams. So while the Intel 4/3 team stumbled upon a hiccup, the Intel 20/18A team just continued to move forward.In addition, Intel will introduce two key brand-new technologies in 20A, namely RibbonFET (gate-all-around FET) and PowerVia (backside power delivery network). Investors can be assured that these technologies have not just been put on the roadmap a few quarters ago, since in reality such ground-breaking innovations usually take at least a decade to go from research to production. As of October 2022, Intel stated that these nodes remain on track, with the first full-blown test chips (both internal and from a foundry customer) now in the fab.Lastly, there is one more reason that Intel’s current nodes such as Intel 7 are irrelevant, which is that onboarding new foundry customers literally takes years, as that is the time it takes for the development of new chips. Note that IFS (Intel Foundry Services) was only created in early 2021, which puts the earliest volume production for those initial customers likely in 2024-25. But that is exactly the timeframe when 20/18A will become available, which proves the point that earlier nodes are hardly relevant anymore; new potential foundry customers will be looking at Intel's offerings for the 2025+ timeframe.As a side note, Intel mainly expects foundry customers to adopt 18A, as 20A will be more of an internal, lower-volume node like Intel 4, as part of Intel’s new Tick-Tock process development methodology.Of course, some customers will likely have more or less stringent requirements with regards to the milestones they would want to see before increasing their adoption of Intel’s foundry services. For example, if a new customer like MediaTek, which Intel announced is adopting Intel 16 initially, would wait until its first chips are in the market before committing to new (perhaps more leading edge) projects, then that would take many years. Perhaps closer to reality, though, as Pat Gelsinger has explained, the various test chips on 18A that will come out of the fab over the coming quarters will serve as proof points for potential customers as they are evaluating where to get their future chips manufactured.Pat Gelsinger: Yes. Thank you. And on 20A and 18A, they go to RibbonFET, as you say. And Intel has driven every major transistor, right, in the volume production for the last 35 years. So the idea that we're the ones who are going to drive this major new transistor structure into production is something that we're pretty committed to be a driver for 20A, as you said, on track, on schedule. We expect 20A will primarily be an internal node, not one that we have a lot of external foundry customers for the external foundry chipset or tape-outs are largely associated with 18A.And a very typical process for a foundry customer will be \"give me a test chip of my circuits on your process.\" and that's exactly what we tape out. The first one this quarter. We'll have several more in the pipeline. So now we're taping out not only our test chips for 18A, but our foundry customer test chips for 18A, and that's a pretty critical milestone when they see the results of the silicon for them making a volume decision for a foundry customer.So we're exactly on the time line that I described earlier for those tape-outs and those decisions. So as they start to see the silicon results, which we think are going to be very promising we think that will be a key step to them making major foundry decisions. And overall, this just affirms our five nodes in four years. We're making the investments. We're seeing good progress to get back to process technology leadership, which for Intel is a tide that raises all boats in the company. It makes our products better. It establishes our new business areas, positions us in a very profound way for foundryConclusionIntel’s 18A node represents the first possible interception point for potential foundry customers to become an early adopter of a new Intel node since the IFS business was created, and therefore this node is pretty much the only sensible node to use as comparison to evaluate process leadership. Using any other node for this purpose would be a straw man at best.So in that regard, based on density projections disclosed by Intel and TSMC, my current estimate is that 18A will be half a node denser than TSMC’s N2, while also being a full year earlier to market. Unless any changes in the schedules were to occur, this hence leaves no question of who will be able to claim process leadership going forward: not TSMC, but Intel.One example of how this could play out in the market is if Qualcomm (QCOM) would launch an 18A SoC in 2025, whereas Apple’s 2025 products will have to use some variant of TSMC’s N3, with an N2 iPhone only becoming possible in 2026.ValuationEven after the substantial rally since the Berkshire Hathaway investment in TSMC became public, TSMC is currently still valued at just a double-digit P/E, with the stock price down significantly. Clearly, in a more bullish market, TSMC could easily sport a valuation (multiple) in the 20s or even 30s, even before considering any future growth. It is projected that the foundry market will continue to grow at a decent clip (Intel’s projection at Investor Meeting 2022 was that it would grow from $100B to $170B or so by 2030). In other words, even if TSMC loses some market share to newcomer Intel, unless IFS becomes more successful than any single person (including Pat Gelsinger) currently anticipates, then TSMC is unlikely to deliver negative alpha going forward.In contrast, Intel’s forward P/E of nearly 15x is actually a bit more expensive than TSMC. However, this comes with the caveat that Intel has lost a substantial amount of leverage due to the current decline in revenue and the ongoing investments to catch up. However, these investments are likely to pay off given the trends with regards to process leadership as discussed above. This means Intel’s earnings could multiple once it starts to grow revenue again.For example, management openly stated during the last earnings call that it aspires for Intel to deliver industry-leading metrics such as gross margin (60%+) and operating margin (40%+). Clearly, Intel is currently delivering far below those benchmarks, leaving ample upside if it succeeds in what Pat Gelsinger has previously called the greatest turnaround ever.Investor TakeawayDespite their similar (currently quite low) P/E valuations, Intel and TSMC are two companies with two quite different profiles in terms of several metrics such as gross margin, growth, and operating margin.At first sight, the investment case for TSMC sounds reasonable enough: it is the foundry industry leader (both in technology and market share), and one may be tempted to fall into a false sense of security by assuming this will remain the case going forward. Hence, continued (industry) growth should make for a safe investment.While I do not necessarily disagree with this reasoning, the more alluring investment going forward would actually be Intel. First and foremost, given the deflated gross and operating margins, Intel is arguably the company with the greatest opportunity to multiply its earnings (and with that its stock price). Secondly, as discussed Intel is currently unambiguously in pole position to take over process leadership from TSMC in 2025. Once this happens, because TSMC’s N2 is unlikely to fully catch up to 18A, Intel will then likely (comfortably) hold this position at least for the rest of the decade.Since 18A is also the first node that lines up with the development cycle of chips, after onboarding the first customers in 2021, this means IFS will enjoy a leadership position out of the gate, which bodes well for this business’ prospects, which will come at the detriment of either Samsung or TSMC as its only competitors at the leading edge.Ergo, Intel is (will be) the new king of the hill.","news_type":1},"isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}