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07-06

Bull run 🐂 underway

07-05

Probably one of the best articles I have ever read.

We Think JinkoSolar Holding (NYSE:JKS) Is Taking Some Risk With Its Debt

06-28

TIGER ROARS, DECADES SOAR.

Find out more here: TIGER ROARS, DECADES SOAR. Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards! Great campaign

TIGER ROARS, DECADES SOAR.

06-28

👍🏼👍🏼👍🏼

06-08

Starting to think Tesla is over priced

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10-1 split, wish I had more

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👍🏼

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NIO Stock Heats Up as Investor Enthusiasm Returns to China

04-29

👌

Apple and Amazon Earnings, Fed Rate Decision, Jobs Data, and More to Watch This Week

04-25

This aged well.

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03-11

👍🏼

FTC v. Amazon Is 'Dark Patterns' Case To Watch

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META Stock Could Sprint Far Beyond $500

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👍🏼

02-10

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01-21

Are we approaching bubble territory?

Post-Bell | S&P 500 Confirms Bull Market With Record Close; Nvidia Rallies 4% While AMD Gains 7%

01-21

What's fair value?

Microsoft: Is AI Growth Priced In?

01-21

👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼

History Suggests the Nasdaq Will Surge in 2024: My Top 7 AI Growth Stocks to Buy Before It Does

01-21

How high can Microsoft go? What's fair value?

01-14

👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼

01-13

👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼

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read.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324259856003192","repostId":"2449758473","repostType":2,"repost":{"id":"2449758473","pubTimestamp":1720101055,"share":"https://ttm.financial/m/news/2449758473?lang=&edition=fundamental","pubTime":"2024-07-04 21:50","market":"us","language":"en","title":"We Think JinkoSolar Holding (NYSE:JKS) Is Taking Some Risk With Its Debt","url":"https://stock-news.laohu8.com/highlight/detail?id=2449758473","media":"Simply Wall St.","summary":"Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...","content":"<html><body><div><p> Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know worries about.'  So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when you assess how risky a company is.  Importantly, <strong>JinkoSolar Holding Co., Ltd.</strong> (NYSE:JKS) does carry debt.  But is this debt a concern to shareholders? </p><h2> What Risk Does Debt Bring? </h2><p> Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow.  If things get really bad, the lenders can take control of the business.  While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price.  Of course, the upside of debt is that it often represents cheap capital, especially when it replaces dilution in a company with the ability to reinvest at high rates of return.  When we think about a company's use of debt, we first look at cash and debt together. </p> <p><span> See our latest analysis for JinkoSolar Holding </span></p><h2> How Much Debt Does JinkoSolar Holding Carry? </h2><p> As you can see below, at the end of March 2024, JinkoSolar Holding had CN¥52.8b of debt, up from CN¥48.0b a year ago. Click the image for more detail.    On the flip side, it has CN¥17.6b in cash leading to net debt of about CN¥35.2b.  </p><figure><img height=\"526\" loading=\"lazy\" src=\"https://images.simplywall.st/asset/chart/49547584-debt-equity-history-analysis-1-dark/1720101053301\" width=\"821\"/><figcaption>NYSE:JKS Debt to Equity History July 4th 2024</figcaption></figure><h2> How Healthy Is JinkoSolar Holding's Balance Sheet? </h2><p> The latest balance sheet data shows that JinkoSolar Holding had liabilities of CN¥80.2b due within a year, and liabilities of CN¥22.2b falling due after that.   On the other hand, it had cash of CN¥17.6b and CN¥24.6b worth of receivables due within a year.   So it has liabilities totalling CN¥60.2b more than its cash and near-term receivables, combined.  </p><p> This deficit casts a shadow over the CN¥8.58b company, like a colossus towering over mere mortals.   So we definitely think shareholders need to watch this one closely.  At the end of the day, JinkoSolar Holding would probably need a major re-capitalization if its creditors were to demand repayment.  </p> <p> We measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover).  The advantage of this approach is that we take into account both the absolute quantum of debt (with net debt to EBITDA) and the actual interest expenses associated with that debt (with its interest cover ratio). </p> <p> JinkoSolar Holding's net debt is sitting at a very reasonable 2.4 times its EBITDA, while its EBIT covered its interest expense just 6.9 times last year.   In large part that's due to the company's significant depreciation and amortisation charges, which arguably mean its EBITDA is a very generous measure of earnings, and its debt may be more of a burden than it first appears.         Pleasingly, JinkoSolar Holding is growing its EBIT faster than former Australian PM Bob Hawke downs a yard glass, boasting a 162% gain in the last twelve months.      There's no doubt that we learn most about debt from the balance sheet.  But ultimately the future profitability of the business will decide if JinkoSolar Holding can strengthen its balance sheet over time.  So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.  </p><p> Finally, while the tax-man may adore accounting profits, lenders only accept cold hard cash.   So we clearly need to look at whether that EBIT is leading to corresponding free cash flow.    Over the last three years, JinkoSolar Holding saw substantial negative free cash flow, in total.  While that may be a result of expenditure for growth, it does make the debt far more risky.   </p> <h2>Our View</h2><p> On the face of it, JinkoSolar Holding's conversion of EBIT to free cash flow left us tentative about the stock, and its level of total liabilities was no more enticing than the one empty restaurant on the busiest night of the year.    But on the bright side, its EBIT growth rate is a good sign, and makes us more optimistic.      Overall, we think it's fair to say that JinkoSolar Holding has enough debt that there are some real risks around the balance sheet.  If all goes well, that should boost returns, but on the flip side, the risk of permanent capital loss is elevated by the debt.    When analysing debt levels, the balance sheet is the obvious place to start.  However, not all investment risk resides within the balance sheet - far from it.   Be aware that  JinkoSolar Holding is showing <strong> 3 warning signs in our investment analysis</strong> , you should know about...    </p> <p> If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this <strong>free</strong> list of growing businesses that have net cash on the balance sheet. </p><div><h3>Valuation is complex, but we're helping make it simple.</h3><p>Find out whether JinkoSolar Holding is potentially over or undervalued by checking out our comprehensive analysis, which includes <strong>fair value estimates, risks and warnings, dividends, insider transactions and financial health.</strong></p>View the Free Analysis</div><p><strong>Have feedback on this article? Concerned about the content?</strong> <strong>Get in touch</strong><strong> with us directly.</strong><i> Alternatively, email editorial-team (at) simplywallst.com.</i><i>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</i></p><div><h3>Valuation is complex, but we're helping make it simple.</h3><p>Find out whether JinkoSolar Holding is potentially over or undervalued by checking out our comprehensive analysis, which includes <strong>fair value estimates, risks and warnings, dividends, insider transactions and financial health.</strong></p>View the Free Analysis</div><p><strong>Have feedback on this article? Concerned about the content? Get in touch with us directly.</strong><em> Alternatively, email editorial-team@simplywallst.com</em></p></div></body></html>","source":"simplywall_highlight","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>We Think JinkoSolar Holding (NYSE:JKS) Is Taking Some Risk With Its Debt</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\">\nWe Think JinkoSolar Holding (NYSE:JKS) Is Taking Some Risk With Its Debt\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-04 21:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/semiconductors/nyse-jks/jinkosolar-holding/news/we-think-jinkosolar-holding-nysejks-is-taking-some-risk-with><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/semiconductors/nyse-jks/jinkosolar-holding/news/we-think-jinkosolar-holding-nysejks-is-taking-some-risk-with\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://images.simplywall.st/asset/industry/8212000-choice2-main-header/1585186783100","relate_stocks":{"JKS":"晶科能源","NYSE":"纽交所","BK4519":"光伏太阳能","BK4585":"ETF&股票定投概念","BK4526":"热门中概股","BK4588":"碎股","BK4141":"半导体产品"},"source_url":"https://simplywall.st/stocks/us/semiconductors/nyse-jks/jinkosolar-holding/news/we-think-jinkosolar-holding-nysejks-is-taking-some-risk-with","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2449758473","content_text":"Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of permanent loss is the risk I worry about... and every practical investor I know worries about.'  So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when you assess how risky a company is.  Importantly, JinkoSolar Holding Co., Ltd. (NYSE:JKS) does carry debt.  But is this debt a concern to shareholders?  What Risk Does Debt Bring?  Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow.  If things get really bad, the lenders can take control of the business.  While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price.  Of course, the upside of debt is that it often represents cheap capital, especially when it replaces dilution in a company with the ability to reinvest at high rates of return.  When we think about a company's use of debt, we first look at cash and debt together.   See our latest analysis for JinkoSolar Holding  How Much Debt Does JinkoSolar Holding Carry?  As you can see below, at the end of March 2024, JinkoSolar Holding had CN¥52.8b of debt, up from CN¥48.0b a year ago. Click the image for more detail.    On the flip side, it has CN¥17.6b in cash leading to net debt of about CN¥35.2b.  NYSE:JKS Debt to Equity History July 4th 2024 How Healthy Is JinkoSolar Holding's Balance Sheet?  The latest balance sheet data shows that JinkoSolar Holding had liabilities of CN¥80.2b due within a year, and liabilities of CN¥22.2b falling due after that.   On the other hand, it had cash of CN¥17.6b and CN¥24.6b worth of receivables due within a year.   So it has liabilities totalling CN¥60.2b more than its cash and near-term receivables, combined.   This deficit casts a shadow over the CN¥8.58b company, like a colossus towering over mere mortals.   So we definitely think shareholders need to watch this one closely.  At the end of the day, JinkoSolar Holding would probably need a major re-capitalization if its creditors were to demand repayment.    We measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover).  The advantage of this approach is that we take into account both the absolute quantum of debt (with net debt to EBITDA) and the actual interest expenses associated with that debt (with its interest cover ratio).   JinkoSolar Holding's net debt is sitting at a very reasonable 2.4 times its EBITDA, while its EBIT covered its interest expense just 6.9 times last year.   In large part that's due to the company's significant depreciation and amortisation charges, which arguably mean its EBITDA is a very generous measure of earnings, and its debt may be more of a burden than it first appears.         Pleasingly, JinkoSolar Holding is growing its EBIT faster than former Australian PM Bob Hawke downs a yard glass, boasting a 162% gain in the last twelve months.      There's no doubt that we learn most about debt from the balance sheet.  But ultimately the future profitability of the business will decide if JinkoSolar Holding can strengthen its balance sheet over time.  So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.   Finally, while the tax-man may adore accounting profits, lenders only accept cold hard cash.   So we clearly need to look at whether that EBIT is leading to corresponding free cash flow.    Over the last three years, JinkoSolar Holding saw substantial negative free cash flow, in total.  While that may be a result of expenditure for growth, it does make the debt far more risky.    Our View On the face of it, JinkoSolar Holding's conversion of EBIT to free cash flow left us tentative about the stock, and its level of total liabilities was no more enticing than the one empty restaurant on the busiest night of the year.    But on the bright side, its EBIT growth rate is a good sign, and makes us more optimistic.      Overall, we think it's fair to say that JinkoSolar Holding has enough debt that there are some real risks around the balance sheet.  If all goes well, that should boost returns, but on the flip side, the risk of permanent capital loss is elevated by the debt.    When analysing debt levels, the balance sheet is the obvious place to start.  However, not all investment risk resides within the balance sheet - far from it.   Be aware that  JinkoSolar Holding is showing  3 warning signs in our investment analysis , you should know about...      If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet. Valuation is complex, but we're helping make it simple.Find out whether JinkoSolar Holding is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're helping make it simple.Find out whether JinkoSolar Holding is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","news_type":1},"isVote":1,"tweetType":1,"viewCount":371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321723664478408,"gmtCreate":1719576303966,"gmtModify":1719579863396,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4147642889264222","authorIdStr":"4147642889264222"},"themes":[],"title":"TIGER ROARS, DECADES SOAR.","htmlText":"Find out more here: <a href=\"https://www.tigerbrokers.com.au/activity/market/2024/10th-anniversary?banner=0&amp;adcode=AC1718797349576vnfyTf&amp;utm_source=invite&amp;utm_campaign=AC1718797349576vnfyTf&amp;utm_medium=tiger_community&amp;platform=iOS&amp;shareID=e4108c782e50306d6cf3a4cb9074af9b&amp;invite=QYWZYB&amp;lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Join me to discover exciting features with me on Tiger Trade &amp; win $1,010 worth of rewards! 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The AI chip boom shows no signs of slowing down, and the chip design company should benefit from further shifts away from the x86 infrastructure. My investment thesis remains Bearish on the stock, still trading above $100 and an extreme valuation multiple.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0ac8e73463e0d501694e2081bd579797\" alt=\"Source: Finviz\" title=\"Source: Finviz\" tg-width=\"996\" tg-height=\"442\"/><span>Source: Finviz</span></p><h2 id=\"id_3294151526\">Back Below $100</h2><p>ARM was probably the most irrational AI stock over the last 6 months of hype. The chip design company definitely benefits from the growing demand for AI chips and companies looking for internal chip solutions use the ARM design reference due to the high performance per watt.</p><p>The issue is that AI GPUs are relatively low-volume chips compared to billions of smartphones and PCs sold each year. The xAI business from Elon Musk only has 20,000 H100 GPUs from <strong>Nvidia</strong> (NVDA) and apparently needs 100,000 for Grok 3.0.</p><p>Even at $30K a GPU, xAI would spend $2.4 billion on the 80K additional GPUs, but the company is only buying 80,000 GPUs. A large corporation has 100,000 PCs with employees using a similar number of smartphones.</p><p>ARM gets paid a royalty rate for each chip produced based on the reference data. Investors only need to look at the chip shipments each quarter. The numbers are reported a quarter in arrears, but ARM only reported 7.7 billion chips shipped for FQ3&#39;24, down from the 7.9 billion in the prior December quarter.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/06563a75a00196176f43219ec402fc51\" alt=\"Source: <a href=\"https://laohu8.com/S/ARMH\">ARM Holdings</a> FQ3&#39;24 presentation\" title=\"Source: <a href=\"https://laohu8.com/S/ARMH\">ARM Holdings</a> FQ3&#39;24 presentation\" tg-width=\"640\" tg-height=\"357\"/><span>Source: <a href=\"https://laohu8.com/S/ARMH\">ARM Holdings</a> FQ3&#39;24 presentation</span></p><p>The problem here is that Nvidia and <strong>Advanced Micro Devices</strong> (AMD) are discussing selling millions of GPUs, not billions or even hundred of millions. ARM recently doubled the royalty rate for new Armv9 technology versus the prior Armv8 technology, but the company only saw 15% of revenues from the new technology in the last quarter.</p><p>Back with the IPO registration, ARM suggested the semiconductor TAM was $202.5 billion in 2022, growing at up to 7% annually. The company has nearly 50% of the semiconductor market on ARM-based chips, with a target of reaching just below $250 billion in TAM by 2025.</p><p>ARM estimated the 2022 license rate of 1.7% leading to around $1.7 billion in royalty revenue based on this calculation. The LTM royalty revenues were only $1.66 billion due in part to a global inventory correction during FQ4&#39;23 quarter through FQ2&#39;24 quarters.</p><p>Investors need to understand premium smartphones and AI GPUs are already on the v9 technology. As CFO Jason Child highlighted on the FQ3&#39;24 earnings call, ARM is much more positioned towards smartphones on the v9 technology right now:</p><blockquote><p>...in terms of royalty revenue and then chips that have actually been deployed in the market, we are <strong>overweighted towards smartphones on v9</strong> primarily because it&#39;s an annual refresh cycle.</p></blockquote><p>The chip shipments are reported a quarter in arrears when Nvidia reported FQ3&#39;23 sales of $18 billion for the October quarter. The sales numbers don&#39;t capture the big jump to $22 billion in sales for the January quarter and a further forecasted jump to $24 billion in the April quarter, but ARM royalty revenues should already capture the massive jump from the trough sales levels in the prior year.</p><p>In addition, ARM only guided royalty revenues up to ~$490 million in the current March quarter based on 30% growth over the FQ4&#39;23 level of $374 million and a mid-single digit sequential growth rate. The company is forecast to report total sales of $850 to $900 million in the quarter on May 8 depending on licensing deals for the quarter.</p><p>Investors need to note the increased royalty revenue is again targeted to come from higher royalty rates for the v9 technology, not so much from more AI chips. Per the CFO on the earnings call:</p><blockquote><p>Royalty revenue sequential growth is mainly coming from increasing penetration of Armv9, where royalty rates are on average, at least double the rates on equivalent Armv8 products.</p></blockquote><p>It&#39;s important to understand that ARM reported prior peak royalty revenue of $442 million back in FQ2&#39;23. The targeted sales for the current quarter is only set to grow in the 10% range over the last 18 months despite the booming demand for AI GPU chips during this period.</p><h2 id=\"id_2970077341\">Still Too Expensive</h2><p>ARM has fallen over $60 from the highs, yet the stock is still vastly too expensive. Morningstar forecasts a $57 fair value for the stock and the valuation likely assumes an aggressive royalty rate in 2030.</p><p>Morningstar has forecast the 1.7% royalty rate reaches 5% by 2030, suggesting further increases in rates for the next generation v10 technology. Even under this analysis of what would appear some aggressive increases in royalty rates, the research only leads to 17% annual sales growth rates.</p><ul style=\"\"><li><p>Our $57 fair value estimate addresses this paradox. It assumes Arm will need to invest $15 billion in R&amp;D in the next seven years, or 33% of revenue on average, to reach a 5% blended royalty rate by 2030 and 6% in 2033. This will result in a 17% revenue CAGR and a 44% terminal GAAP operating margin in the next decade.</p></li></ul><p>Analysts generally forecast 20% to 25% growth rates in the next few years, while the stock trades at 81x EPS targets. Investors need to understand ARM is already a well-developed company with 7 billion chips shipped quarterly based on their technology.</p><p>ARM already has an impressive gross margin of over 95% while Nvidia is at 76%. The major difference is that Nvidia captures the full value of the GPU sales while ARM just obtains a small royalty fee plus a license fee.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2cb025eebf2bd9e9ce0c63eb5911d127\" alt=\"Data by YCharts\" title=\"Data by YCharts\" tg-width=\"635\" tg-height=\"439\"/><span>Data by YCharts</span></p><p>Nvidia quarterly sales are topping $24 billion, while ARM is looking to just top $0.9 billion. The chip design company has impressive results, but the sales volumes aren&#39;t very large.</p><h2 id=\"id_690522296\">Takeaway</h2><p>The key investor takeaway is that the stock is just far too expensive for what ARM delivers to shareholders, high margins or not. The stock came public around the Morningstar price target, and investors should assume this target might actually be aggressive, with no indication the market will support royalty rates to effectively triple from 2022 through 2030.</p><p>Investors should assume it&#39;s not too late to dump ARM.</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>Arm Holdings: Back To Reality</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\">\nArm Holdings: Back To Reality\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-29 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4687105-arm-holdings-back-to-reality><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Arm Holdings is expected to benefit from the growing demand for AI chips and shifts away from x86 infrastructure.The company's revenue is primarily driven by royalty rates for chip shipments, which ...</p>\n\n<a href=\"https://seekingalpha.com/article/4687105-arm-holdings-back-to-reality\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","ARM":"ARM Holdings Ltd","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","BK4529":"IDC概念","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4592":"伊斯兰概念","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4567":"ESG概念","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK4585":"ETF&股票定投概念","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4566":"资本集团","BK4575":"芯片概念","BK4587":"ChatGPT概念","LU0109392836.USD":"富兰克林科技股A","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","BK4527":"明星科技股","BK4579":"人工智能","BK7504":"锂钴概念","BK4588":"碎股","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","BK4550":"红杉资本持仓","BK4141":"半导体产品","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4503":"景林资产持仓","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0444971666.USD":"天利全球科技基金","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK7095":"多种金属与采矿","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","BK4551":"寇图资本持仓","BK4573":"虚拟现实","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4581":"高盛持仓"},"source_url":"https://seekingalpha.com/article/4687105-arm-holdings-back-to-reality","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2430682890","content_text":"Arm Holdings is expected to benefit from the growing demand for AI chips and shifts away from x86 infrastructure.The company's revenue is primarily driven by royalty rates for chip shipments, which have not seen significant growth.ARM stock is overvalued at 81x EPS targets combined with limited actual growth, while Morningstar is forecasting a fair value estimate of $57 using aggressive royalty rate growth.Michael ViArm Holdings plc (NASDAQ:ARM) is expected to have a strong future, but investors still have to buy the stock at the right price. The AI chip boom shows no signs of slowing down, and the chip design company should benefit from further shifts away from the x86 infrastructure. My investment thesis remains Bearish on the stock, still trading above $100 and an extreme valuation multiple.Source: FinvizBack Below $100ARM was probably the most irrational AI stock over the last 6 months of hype. The chip design company definitely benefits from the growing demand for AI chips and companies looking for internal chip solutions use the ARM design reference due to the high performance per watt.The issue is that AI GPUs are relatively low-volume chips compared to billions of smartphones and PCs sold each year. The xAI business from Elon Musk only has 20,000 H100 GPUs from Nvidia (NVDA) and apparently needs 100,000 for Grok 3.0.Even at $30K a GPU, xAI would spend $2.4 billion on the 80K additional GPUs, but the company is only buying 80,000 GPUs. A large corporation has 100,000 PCs with employees using a similar number of smartphones.ARM gets paid a royalty rate for each chip produced based on the reference data. Investors only need to look at the chip shipments each quarter. The numbers are reported a quarter in arrears, but ARM only reported 7.7 billion chips shipped for FQ3'24, down from the 7.9 billion in the prior December quarter.ARM Holdings FQ3'24 presentation\" title=\"Source: ARM Holdings FQ3'24 presentation\" tg-width=\"640\" tg-height=\"357\"/>Source: ARM Holdings FQ3'24 presentationThe problem here is that Nvidia and Advanced Micro Devices (AMD) are discussing selling millions of GPUs, not billions or even hundred of millions. ARM recently doubled the royalty rate for new Armv9 technology versus the prior Armv8 technology, but the company only saw 15% of revenues from the new technology in the last quarter.Back with the IPO registration, ARM suggested the semiconductor TAM was $202.5 billion in 2022, growing at up to 7% annually. The company has nearly 50% of the semiconductor market on ARM-based chips, with a target of reaching just below $250 billion in TAM by 2025.ARM estimated the 2022 license rate of 1.7% leading to around $1.7 billion in royalty revenue based on this calculation. The LTM royalty revenues were only $1.66 billion due in part to a global inventory correction during FQ4'23 quarter through FQ2'24 quarters.Investors need to understand premium smartphones and AI GPUs are already on the v9 technology. As CFO Jason Child highlighted on the FQ3'24 earnings call, ARM is much more positioned towards smartphones on the v9 technology right now:...in terms of royalty revenue and then chips that have actually been deployed in the market, we are overweighted towards smartphones on v9 primarily because it's an annual refresh cycle.The chip shipments are reported a quarter in arrears when Nvidia reported FQ3'23 sales of $18 billion for the October quarter. The sales numbers don't capture the big jump to $22 billion in sales for the January quarter and a further forecasted jump to $24 billion in the April quarter, but ARM royalty revenues should already capture the massive jump from the trough sales levels in the prior year.In addition, ARM only guided royalty revenues up to ~$490 million in the current March quarter based on 30% growth over the FQ4'23 level of $374 million and a mid-single digit sequential growth rate. The company is forecast to report total sales of $850 to $900 million in the quarter on May 8 depending on licensing deals for the quarter.Investors need to note the increased royalty revenue is again targeted to come from higher royalty rates for the v9 technology, not so much from more AI chips. Per the CFO on the earnings call:Royalty revenue sequential growth is mainly coming from increasing penetration of Armv9, where royalty rates are on average, at least double the rates on equivalent Armv8 products.It's important to understand that ARM reported prior peak royalty revenue of $442 million back in FQ2'23. The targeted sales for the current quarter is only set to grow in the 10% range over the last 18 months despite the booming demand for AI GPU chips during this period.Still Too ExpensiveARM has fallen over $60 from the highs, yet the stock is still vastly too expensive. Morningstar forecasts a $57 fair value for the stock and the valuation likely assumes an aggressive royalty rate in 2030.Morningstar has forecast the 1.7% royalty rate reaches 5% by 2030, suggesting further increases in rates for the next generation v10 technology. Even under this analysis of what would appear some aggressive increases in royalty rates, the research only leads to 17% annual sales growth rates.Our $57 fair value estimate addresses this paradox. It assumes Arm will need to invest $15 billion in R&D in the next seven years, or 33% of revenue on average, to reach a 5% blended royalty rate by 2030 and 6% in 2033. This will result in a 17% revenue CAGR and a 44% terminal GAAP operating margin in the next decade.Analysts generally forecast 20% to 25% growth rates in the next few years, while the stock trades at 81x EPS targets. Investors need to understand ARM is already a well-developed company with 7 billion chips shipped quarterly based on their technology.ARM already has an impressive gross margin of over 95% while Nvidia is at 76%. The major difference is that Nvidia captures the full value of the GPU sales while ARM just obtains a small royalty fee plus a license fee.Data by YChartsNvidia quarterly sales are topping $24 billion, while ARM is looking to just top $0.9 billion. The chip design company has impressive results, but the sales volumes aren't very large.TakeawayThe key investor takeaway is that the stock is just far too expensive for what ARM delivers to shareholders, high margins or not. The stock came public around the Morningstar price target, and investors should assume this target might actually be aggressive, with no indication the market will support royalty rates to effectively triple from 2022 through 2030.Investors should assume it's not too late to dump ARM.","news_type":1},"isVote":1,"tweetType":1,"viewCount":302,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":300418104918080,"gmtCreate":1714363787024,"gmtModify":1714363790292,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4147642889264222","authorIdStr":"4147642889264222"},"themes":[],"htmlText":"&nbsp;👍🏼","listText":"&nbsp;👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/300418104918080","repostId":"1106472785","repostType":2,"repost":{"id":"1106472785","pubTimestamp":1714370400,"share":"https://ttm.financial/m/news/1106472785?lang=&edition=fundamental","pubTime":"2024-04-29 14:00","market":"us","language":"en","title":"NIO Stock Heats Up as Investor Enthusiasm Returns to China","url":"https://stock-news.laohu8.com/highlight/detail?id=1106472785","media":"InvestorPlace","summary":"$Nio$ may actually be on the verge of rising above the $5 mark.Chinese markets are enjoying some impressive growth, with many Chinese stocks surging.For NIO stock and its peers, this could be a chance to make up lost ground.Are things finally turning around for Nio?The Chinese electric vehicle  producer has spent the past six months on a primarily downward trajectory. There’s no question that 2024 hasn’t been a good year for NIO stock so far. However, over the past month, NIO has started picking","content":"<html><head></head><body><ul style=\"\"><li><p><a href=\"https://laohu8.com/S/NIO\">Nio</a> may actually be on the verge of rising above the $5 mark.</p></li><li><p>Chinese markets are enjoying some impressive growth, with many Chinese stocks surging.</p></li><li><p>For NIO stock and its peers, this could be a chance to make up lost ground.</p></li></ul><p>Are things finally turning around for Nio? The Chinese electric vehicle (EV) producer has spent the past six months on a primarily downward trajectory. There’s no question that 2024 hasn’t been a good year for NIO stock so far. However, over the past month, NIO has started picking up momentum.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/deb07fc16b04f0595588334f2fb15915\" tg-width=\"560\" tg-height=\"240\"/></p><p>This surge probably isn’t due to company-specific news, as Nio hasn’t reported anything. Rather, investors can chalk it up to the fact that Chinese stock markets are experiencing high surges and, in some cases, setting record feats. That is likely reassuring investors that betting on Chinese stocks is a solid strategic move.</p><p>Does this mean that NIO stock and its peers will keep improving as Chinese financial market growth continues? So far, things are looking good. But geopolitical factors could still weigh heavily on China’s long-term growth prospects.</p><p style=\"text-align: start;\">Let’s dive deeper into how Nio may be impacted moving forward.</p><h2 id=\"id_4006065103\" style=\"text-align: start;\">What’s Happening With NIO Stock?</h2><p style=\"text-align: start;\">NIO stock gained 8.72% on Friday. Many of its peers are enjoying similar momentum.</p><p style=\"text-align: start;\">This isn’t surprising when we account for the fact that market benchmarks in Hong Kong are currently enjoying more momentum than they have in years. In fact, Hong Kong stocks have been on a “world-beating surge” last week, displaying impressive growth and buoying entire sectors. As <em>Bloomberg</em> reports:</p><blockquote><p><em>“Improvement in China’s economy and earnings growth are driving what some money managers are calling cautious optimism about the world’s second-biggest stock market after years of underperformance. There are also signs that global funds are rebalancing away from countries like the US where record rallies have sent valuations surging.”</em></p></blockquote><p>This is all-around good news for Chinese stocks, but things are looking especially promising for a few companies, including Nio. As <em>InvestorPlace</em> contributor Tyrik Torres notes, although the global EV market is currently struggling, plenty of Wall Street analysts remain bullish on NIO stock, BYD and Li Auto. That insight sets a positive tone for the months ahead. Torres adds that Nio’s strong delivery statistics suggest such optimistic stances from analysts may be justified.</p><h2 id=\"id_2760104036\" style=\"text-align: start;\">Why It Matters</h2><p style=\"text-align: start;\">For all the trouble the stock has experienced over the past few months, Nio has managed to hold its own against some severe macroeconomic headwinds. Now, it seems that the company’s persistence may be paying off, which could result in significant gains for its patient investors. China’s new momentum may provide NIO stock with exactly the boost it needs to rise above the $5 mark.</p><p style=\"text-align: start;\">Nio has also been taking some noteworthy steps to mount a comeback lately. For example, the company recently announced a charging network partnership with SAIC General Motors Corporation (SAIC-GM), a joint venture of General Motors. This partnership will allow many new vehicles to use Nio’s charging network, thereby helping both firms grow.</p><p style=\"text-align: start;\">While Nio’s road back to success has been long and painful, shares seem to be on the verge of the comeback investors have been rooting for.</p></body></html>","source":"investorplace_stock_picks","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>NIO Stock Heats Up as Investor Enthusiasm Returns to China</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\">\nNIO Stock Heats Up as Investor Enthusiasm Returns to China\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-29 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/04/nio-stock-heats-up-as-investor-enthusiasm-returns-to-china/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio may actually be on the verge of rising above the $5 mark.Chinese markets are enjoying some impressive growth, with many Chinese stocks surging.For NIO stock and its peers, this could be a chance ...</p>\n\n<a href=\"https://investorplace.com/2024/04/nio-stock-heats-up-as-investor-enthusiasm-returns-to-china/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09866":"蔚来-SW","NIO.SI":"蔚来","NIO":"蔚来"},"source_url":"https://investorplace.com/2024/04/nio-stock-heats-up-as-investor-enthusiasm-returns-to-china/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106472785","content_text":"Nio may actually be on the verge of rising above the $5 mark.Chinese markets are enjoying some impressive growth, with many Chinese stocks surging.For NIO stock and its peers, this could be a chance to make up lost ground.Are things finally turning around for Nio? The Chinese electric vehicle (EV) producer has spent the past six months on a primarily downward trajectory. There’s no question that 2024 hasn’t been a good year for NIO stock so far. However, over the past month, NIO has started picking up momentum.This surge probably isn’t due to company-specific news, as Nio hasn’t reported anything. Rather, investors can chalk it up to the fact that Chinese stock markets are experiencing high surges and, in some cases, setting record feats. That is likely reassuring investors that betting on Chinese stocks is a solid strategic move.Does this mean that NIO stock and its peers will keep improving as Chinese financial market growth continues? So far, things are looking good. But geopolitical factors could still weigh heavily on China’s long-term growth prospects.Let’s dive deeper into how Nio may be impacted moving forward.What’s Happening With NIO Stock?NIO stock gained 8.72% on Friday. Many of its peers are enjoying similar momentum.This isn’t surprising when we account for the fact that market benchmarks in Hong Kong are currently enjoying more momentum than they have in years. In fact, Hong Kong stocks have been on a “world-beating surge” last week, displaying impressive growth and buoying entire sectors. As Bloomberg reports:“Improvement in China’s economy and earnings growth are driving what some money managers are calling cautious optimism about the world’s second-biggest stock market after years of underperformance. There are also signs that global funds are rebalancing away from countries like the US where record rallies have sent valuations surging.”This is all-around good news for Chinese stocks, but things are looking especially promising for a few companies, including Nio. As InvestorPlace contributor Tyrik Torres notes, although the global EV market is currently struggling, plenty of Wall Street analysts remain bullish on NIO stock, BYD and Li Auto. That insight sets a positive tone for the months ahead. Torres adds that Nio’s strong delivery statistics suggest such optimistic stances from analysts may be justified.Why It MattersFor all the trouble the stock has experienced over the past few months, Nio has managed to hold its own against some severe macroeconomic headwinds. Now, it seems that the company’s persistence may be paying off, which could result in significant gains for its patient investors. China’s new momentum may provide NIO stock with exactly the boost it needs to rise above the $5 mark.Nio has also been taking some noteworthy steps to mount a comeback lately. For example, the company recently announced a charging network partnership with SAIC General Motors Corporation (SAIC-GM), a joint venture of General Motors. This partnership will allow many new vehicles to use Nio’s charging network, thereby helping both firms grow.While Nio’s road back to success has been long and painful, shares seem to be on the verge of the comeback investors have been rooting for.","news_type":1},"isVote":1,"tweetType":1,"viewCount":476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":300418400575512,"gmtCreate":1714363754995,"gmtModify":1714363757906,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4147642889264222","authorIdStr":"4147642889264222"},"themes":[],"htmlText":"👌","listText":"👌","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/300418400575512","repostId":"2431809417","repostType":2,"repost":{"id":"2431809417","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1714345200,"share":"https://ttm.financial/m/news/2431809417?lang=&edition=fundamental","pubTime":"2024-04-29 07:00","market":"us","language":"en","title":"Apple and Amazon Earnings, Fed Rate Decision, Jobs Data, and More to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2431809417","media":"Dow Jones","summary":"Brands report quarterly results.ADP releases its National Employment Report for April. The consensus estimate is an increase of 170,000 in private-sector employment, after a gain of 184,000 in March.The Bureau of Labor Statistics publishes the Job Openings and Labor Turnover Survey. Economists’ consensus calls for 8.7 million job openings","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Nicholas Jasinski \n</p>\n<p>\n  It will be the busiest week of first-quarter earnings season, as more than 150 S&amp;P 500 companies are scheduled to publish their results. There will also be the latest jobs data for April and a Federal Reserve decision to look out for. \n</p>\n<p>\n     Domino's Pizza and <a href=\"https://laohu8.com/S/PARA\">Paramount Global</a> report on Monday, then Advanced Micro Devices, Amazon.com, Eli Lilly, and Super Micro Computer go on Tuesday. Wednesday's highlights include CVS Health, Etsy, Mastercard, Pfizer, and Qualcomm. Apple, <a href=\"https://laohu8.com/S/BKNG\">Booking Holdings</a>, ConocoPhillips, Moderna, and Monster Beverage report on Thursday. \n</p>\n<p>\n     On Wednesday afternoon, the Fed's policy Committee is overwhelmingly expected to keep the federal-funds rate unchanged at a target range of 5.25% to 5.50%. At his postmeeting press conference, Chairman Jerome Powell may describe plans to slow the pace of the Fed's balance sheet reduction later this year. \n</p>\n<p>\n     The Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey on Wednesday, which is expected to show 8.7 million job openings on the last business day of March, slightly fewer than in February. \n</p>\n<p>\n     Finally, there will be Jobs Friday. Consensus calls for a gain of 210,000 nonfarm payrolls in April, which would be lower than the 303,000 added in February. The unemployment rate is expected to remain at 3.8%. \n</p>\n<p>\n     Monday 4/29 \n</p>\n<p>\n     Domino's Pizza, F5, Franklin Resources, ON Semiconductor, <a href=\"https://laohu8.com/S/PARAA\">Paramount Global</a>, Revvity, SBA Communications, and Welltower publish quarterly results. \n</p>\n<p>\n     Tuesday 4/30 \n</p>\n<p>\n     <a href=\"https://laohu8.com/S/MMM\">3M</a>, Advanced Micro Devices, Air Products &amp; Chemicals, Amazon.com, American Tower, Archer-Daniels-Midland, Boston Properties, Caesars Entertainment, CenterPoint Energy, Clorox, Coca-Cola, Corning, <a href=\"https://laohu8.com/S/FANG\">Diamondback Energy</a>, Ecolab, Edison International, Eli Lilly, Essex Property Trust, Extra Space Storage, Gartner, GE Healthcare Technologies, Illinois Tool Works, Leidos Holdings, Marathon Petroleum, Martin Marietta Materials, McDonald's, Molson Coors Beverage, Mondelez International, <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings, Prudential Financial, $Public Storage(PSA-N)$, Republic Services, Starbucks, Stryker, Super Micro Computer, Sysco, and Zebra Technologies release earnings. \n</p>\n<p>\n     The Conference Board releases its Consumer Confidence Index for April. Economists forecast a 104.0 reading, compared with 104.7 in March. \n</p>\n<p>\n     Wednesday 5/1 \n</p>\n<p>\n     Aflac, Albemarle, Allstate, American International Group, APA, C.H. Robinson Worldwide, Corteva, CVS Health, Devon Energy, DuPont de Nemours, <a href=\"https://laohu8.com/S/EBAY\">eBay</a>, Etsy, First Solar, Generac Holdings, Kraft Heinz, Marathon Oil, Marriott International, Mastercard, MetLife, MGM Resorts International, Norwegian Cruise Line Holdings, Pfizer, PTC, Qorvo, Qualcomm, The Estée Lauder Companies, Ventas, VICI Properties, and Yum! Brands report quarterly results. \n</p>\n<p>\n     ADP releases its National Employment Report for April. The consensus estimate is an increase of 170,000 in private-sector employment, after a gain of 184,000 in March. \n</p>\n<p>\n     The Bureau of Labor Statistics publishes the Job Openings and Labor Turnover Survey. Economists' consensus calls for 8.7 million job openings on the last business day of March, which would be about 100,000 fewer than in February. There are currently 1.3 job openings for every unemployed person, down from a peak above two in 2022. \n</p>\n<p>\n     The Federal Open Market Committee announces a monetary-policy decision. The FOMC is overwhelmingly expected to keep the federal-funds rate unchanged at a target range of 5.25% to 5.50%. Fed officials have said recently that they need to see more evidence of declining inflation before changing interest rates. At his postmeeting press conference, Chairman Jerome Powell may describe the FOMC's plans to slow the pace of its balance sheet reduction later this year. \n</p>\n<p>\n     Thursday 5/2 \n</p>\n<p>\n     Amgen, Apple, Booking Holdings, BorgWarner, Cardinal Health, Cigna Group, ConocoPhillips, Coterra Energy, Cummins, DaVita, Digital Realty Trust, Dominion Energy, EOG Resources, <a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group, Fortinet, <a href=\"https://laohu8.com/S/ILMN\">Illumina</a>, Intercontinental Exchange, Iron Mountain, Kellanova, <a href=\"https://laohu8.com/S/LYV\">Live Nation Entertainment</a>, Moderna, Monster Beverage, Moody's, Parker-Hannifin, Pioneer Natural Resources, Quanta Services, Regeneron Pharmaceuticals, Stanley Black &amp; Decker, Vulcan Materials, WestRock, Xylem, and Zoetis are scheduled to report. \n</p>\n<p>\n     Friday 5/3 \n</p>\n<p>\n     Cboe Global Markets, CBRE Group, and Hershey release earnings. \n</p>\n<p>\n     The Bureau of Labor Statistics releases the jobs report for March. The consensus estimate is for an increase of 210,000 nonfarm payrolls, which would be lower than the 303,000 added in February. The unemployment rate is expected to hold steady at 3.8%. The U.S. labor market has remained surprisingly resilient, with joblessness holding near half-century lows for two years. \n</p>\n<p>\n     Write to Nicholas Jasinski at nicholas.jasinski@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 29, 2024 13:21 ET (17:21 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple and Amazon Earnings, Fed Rate Decision, Jobs Data, and More to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple and Amazon Earnings, Fed Rate Decision, Jobs Data, and More to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-04-29 07:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Nicholas Jasinski \n</p>\n<p>\n  It will be the busiest week of first-quarter earnings season, as more than 150 S&amp;P 500 companies are scheduled to publish their results. There will also be the latest jobs data for April and a Federal Reserve decision to look out for. \n</p>\n<p>\n     Domino's Pizza and <a href=\"https://laohu8.com/S/PARA\">Paramount Global</a> report on Monday, then Advanced Micro Devices, Amazon.com, Eli Lilly, and Super Micro Computer go on Tuesday. Wednesday's highlights include CVS Health, Etsy, Mastercard, Pfizer, and Qualcomm. Apple, <a href=\"https://laohu8.com/S/BKNG\">Booking Holdings</a>, ConocoPhillips, Moderna, and Monster Beverage report on Thursday. \n</p>\n<p>\n     On Wednesday afternoon, the Fed's policy Committee is overwhelmingly expected to keep the federal-funds rate unchanged at a target range of 5.25% to 5.50%. At his postmeeting press conference, Chairman Jerome Powell may describe plans to slow the pace of the Fed's balance sheet reduction later this year. \n</p>\n<p>\n     The Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey on Wednesday, which is expected to show 8.7 million job openings on the last business day of March, slightly fewer than in February. \n</p>\n<p>\n     Finally, there will be Jobs Friday. Consensus calls for a gain of 210,000 nonfarm payrolls in April, which would be lower than the 303,000 added in February. The unemployment rate is expected to remain at 3.8%. \n</p>\n<p>\n     Monday 4/29 \n</p>\n<p>\n     Domino's Pizza, F5, Franklin Resources, ON Semiconductor, <a href=\"https://laohu8.com/S/PARAA\">Paramount Global</a>, Revvity, SBA Communications, and Welltower publish quarterly results. \n</p>\n<p>\n     Tuesday 4/30 \n</p>\n<p>\n     <a href=\"https://laohu8.com/S/MMM\">3M</a>, Advanced Micro Devices, Air Products &amp; Chemicals, Amazon.com, American Tower, Archer-Daniels-Midland, Boston Properties, Caesars Entertainment, CenterPoint Energy, Clorox, Coca-Cola, Corning, <a href=\"https://laohu8.com/S/FANG\">Diamondback Energy</a>, Ecolab, Edison International, Eli Lilly, Essex Property Trust, Extra Space Storage, Gartner, GE Healthcare Technologies, Illinois Tool Works, Leidos Holdings, Marathon Petroleum, Martin Marietta Materials, McDonald's, Molson Coors Beverage, Mondelez International, <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings, Prudential Financial, $Public Storage(PSA-N)$, Republic Services, Starbucks, Stryker, Super Micro Computer, Sysco, and Zebra Technologies release earnings. \n</p>\n<p>\n     The Conference Board releases its Consumer Confidence Index for April. Economists forecast a 104.0 reading, compared with 104.7 in March. \n</p>\n<p>\n     Wednesday 5/1 \n</p>\n<p>\n     Aflac, Albemarle, Allstate, American International Group, APA, C.H. Robinson Worldwide, Corteva, CVS Health, Devon Energy, DuPont de Nemours, <a href=\"https://laohu8.com/S/EBAY\">eBay</a>, Etsy, First Solar, Generac Holdings, Kraft Heinz, Marathon Oil, Marriott International, Mastercard, MetLife, MGM Resorts International, Norwegian Cruise Line Holdings, Pfizer, PTC, Qorvo, Qualcomm, The Estée Lauder Companies, Ventas, VICI Properties, and Yum! Brands report quarterly results. \n</p>\n<p>\n     ADP releases its National Employment Report for April. The consensus estimate is an increase of 170,000 in private-sector employment, after a gain of 184,000 in March. \n</p>\n<p>\n     The Bureau of Labor Statistics publishes the Job Openings and Labor Turnover Survey. Economists' consensus calls for 8.7 million job openings on the last business day of March, which would be about 100,000 fewer than in February. There are currently 1.3 job openings for every unemployed person, down from a peak above two in 2022. \n</p>\n<p>\n     The Federal Open Market Committee announces a monetary-policy decision. The FOMC is overwhelmingly expected to keep the federal-funds rate unchanged at a target range of 5.25% to 5.50%. Fed officials have said recently that they need to see more evidence of declining inflation before changing interest rates. At his postmeeting press conference, Chairman Jerome Powell may describe the FOMC's plans to slow the pace of its balance sheet reduction later this year. \n</p>\n<p>\n     Thursday 5/2 \n</p>\n<p>\n     Amgen, Apple, Booking Holdings, BorgWarner, Cardinal Health, Cigna Group, ConocoPhillips, Coterra Energy, Cummins, DaVita, Digital Realty Trust, Dominion Energy, EOG Resources, <a href=\"https://laohu8.com/S/EXPE\">Expedia</a> Group, Fortinet, <a href=\"https://laohu8.com/S/ILMN\">Illumina</a>, Intercontinental Exchange, Iron Mountain, Kellanova, <a href=\"https://laohu8.com/S/LYV\">Live Nation Entertainment</a>, Moderna, Monster Beverage, Moody's, Parker-Hannifin, Pioneer Natural Resources, Quanta Services, Regeneron Pharmaceuticals, Stanley Black &amp; Decker, Vulcan Materials, WestRock, Xylem, and Zoetis are scheduled to report. \n</p>\n<p>\n     Friday 5/3 \n</p>\n<p>\n     Cboe Global Markets, CBRE Group, and Hershey release earnings. \n</p>\n<p>\n     The Bureau of Labor Statistics releases the jobs report for March. The consensus estimate is for an increase of 210,000 nonfarm payrolls, which would be lower than the 303,000 added in February. The unemployment rate is expected to hold steady at 3.8%. The U.S. labor market has remained surprisingly resilient, with joblessness holding near half-century lows for two years. \n</p>\n<p>\n     Write to Nicholas Jasinski at nicholas.jasinski@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 29, 2024 13:21 ET (17:21 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ON":"安森美半导体",".IXIC":"NASDAQ Composite","AMZN":"亚马逊","CVS":"西维斯健康","LLY":"礼来","GEHC":"GE HEALTHCARE TECHNOLOGIES INC","EXPE":"Expedia","BKNG":"Booking Holdings","AAPL":"苹果",".SPX":"S&P 500 Index","REGN":"再生元制药公司",".DJI":"道琼斯","AMGN":"安进","KO":"可口可乐","AMD":"美国超微公司","SMCI":"超微电脑"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2431809417","content_text":"By Nicholas Jasinski \n\n\n  It will be the busiest week of first-quarter earnings season, as more than 150 S&P 500 companies are scheduled to publish their results. There will also be the latest jobs data for April and a Federal Reserve decision to look out for. \n\n\n     Domino's Pizza and Paramount Global report on Monday, then Advanced Micro Devices, Amazon.com, Eli Lilly, and Super Micro Computer go on Tuesday. Wednesday's highlights include CVS Health, Etsy, Mastercard, Pfizer, and Qualcomm. Apple, Booking Holdings, ConocoPhillips, Moderna, and Monster Beverage report on Thursday. \n\n\n     On Wednesday afternoon, the Fed's policy Committee is overwhelmingly expected to keep the federal-funds rate unchanged at a target range of 5.25% to 5.50%. At his postmeeting press conference, Chairman Jerome Powell may describe plans to slow the pace of the Fed's balance sheet reduction later this year. \n\n\n     The Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey on Wednesday, which is expected to show 8.7 million job openings on the last business day of March, slightly fewer than in February. \n\n\n     Finally, there will be Jobs Friday. Consensus calls for a gain of 210,000 nonfarm payrolls in April, which would be lower than the 303,000 added in February. The unemployment rate is expected to remain at 3.8%. \n\n\n     Monday 4/29 \n\n\n     Domino's Pizza, F5, Franklin Resources, ON Semiconductor, Paramount Global, Revvity, SBA Communications, and Welltower publish quarterly results. \n\n\n     Tuesday 4/30 \n\n\n3M, Advanced Micro Devices, Air Products & Chemicals, Amazon.com, American Tower, Archer-Daniels-Midland, Boston Properties, Caesars Entertainment, CenterPoint Energy, Clorox, Coca-Cola, Corning, Diamondback Energy, Ecolab, Edison International, Eli Lilly, Essex Property Trust, Extra Space Storage, Gartner, GE Healthcare Technologies, Illinois Tool Works, Leidos Holdings, Marathon Petroleum, Martin Marietta Materials, McDonald's, Molson Coors Beverage, Mondelez International, PayPal Holdings, Prudential Financial, $Public Storage(PSA-N)$, Republic Services, Starbucks, Stryker, Super Micro Computer, Sysco, and Zebra Technologies release earnings. \n\n\n     The Conference Board releases its Consumer Confidence Index for April. Economists forecast a 104.0 reading, compared with 104.7 in March. \n\n\n     Wednesday 5/1 \n\n\n     Aflac, Albemarle, Allstate, American International Group, APA, C.H. Robinson Worldwide, Corteva, CVS Health, Devon Energy, DuPont de Nemours, eBay, Etsy, First Solar, Generac Holdings, Kraft Heinz, Marathon Oil, Marriott International, Mastercard, MetLife, MGM Resorts International, Norwegian Cruise Line Holdings, Pfizer, PTC, Qorvo, Qualcomm, The Estée Lauder Companies, Ventas, VICI Properties, and Yum! Brands report quarterly results. \n\n\n     ADP releases its National Employment Report for April. The consensus estimate is an increase of 170,000 in private-sector employment, after a gain of 184,000 in March. \n\n\n     The Bureau of Labor Statistics publishes the Job Openings and Labor Turnover Survey. Economists' consensus calls for 8.7 million job openings on the last business day of March, which would be about 100,000 fewer than in February. There are currently 1.3 job openings for every unemployed person, down from a peak above two in 2022. \n\n\n     The Federal Open Market Committee announces a monetary-policy decision. The FOMC is overwhelmingly expected to keep the federal-funds rate unchanged at a target range of 5.25% to 5.50%. Fed officials have said recently that they need to see more evidence of declining inflation before changing interest rates. At his postmeeting press conference, Chairman Jerome Powell may describe the FOMC's plans to slow the pace of its balance sheet reduction later this year. \n\n\n     Thursday 5/2 \n\n\n     Amgen, Apple, Booking Holdings, BorgWarner, Cardinal Health, Cigna Group, ConocoPhillips, Coterra Energy, Cummins, DaVita, Digital Realty Trust, Dominion Energy, EOG Resources, Expedia Group, Fortinet, Illumina, Intercontinental Exchange, Iron Mountain, Kellanova, Live Nation Entertainment, Moderna, Monster Beverage, Moody's, Parker-Hannifin, Pioneer Natural Resources, Quanta Services, Regeneron Pharmaceuticals, Stanley Black & Decker, Vulcan Materials, WestRock, Xylem, and Zoetis are scheduled to report. \n\n\n     Friday 5/3 \n\n\n     Cboe Global Markets, CBRE Group, and Hershey release earnings. \n\n\n     The Bureau of Labor Statistics releases the jobs report for March. The consensus estimate is for an increase of 210,000 nonfarm payrolls, which would be lower than the 303,000 added in February. The unemployment rate is expected to hold steady at 3.8%. The U.S. labor market has remained surprisingly resilient, with joblessness holding near half-century lows for two years. \n\n\n     Write to Nicholas Jasinski at nicholas.jasinski@barrons.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 29, 2024 13:21 ET (17:21 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":298876920430656,"gmtCreate":1713999899760,"gmtModify":1713999903476,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4147642889264222","authorIdStr":"4147642889264222"},"themes":[],"htmlText":"This aged well.","listText":"This aged well.","text":"This aged well.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/298876920430656","repostId":"2429602459","repostType":2,"repost":{"id":"2429602459","pubTimestamp":1713970800,"share":"https://ttm.financial/m/news/2429602459?lang=&edition=fundamental","pubTime":"2024-04-24 23:00","market":"us","language":"en","title":"Does the TikTok Ban Make Meta Stock a Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=2429602459","media":"Motley Fool","summary":"TikTok is facing a potential ban in the U.S. over national security concerns.While Congress passed a bill requiring TikTok's owner to divest the asset, there is still a long road ahead regarding whether this gets signed into law.$Meta Platforms$ could benefit greatly from a TikTok ban, but there are many reasons to like the stock regardless of the legislative outcome.Over the last few weeks, members of Congress have been quarreling over legislation that would ban social media app TikTok in the U","content":"<html><head></head><body><ul style=\"\"><li><p>TikTok is facing a potential ban in the U.S. over national security concerns.</p></li><li><p>While Congress passed a bill requiring TikTok&#39;s owner to divest the asset, there is still a long road ahead regarding whether this gets signed into law.</p></li><li><p><a href=\"https://laohu8.com/S/META\">Meta Platforms</a> could benefit greatly from a TikTok ban, but there are many reasons to like the stock regardless of the legislative outcome.</p></li></ul><p>Over the last few weeks, members of Congress have been quarreling over legislation that would ban social media app TikTok in the U.S.</p><p>At a high level, concerns over user security on the China-owned app have lawmakers at a regulatory crossroads. As some media pundits and economists speculate on TikTok&#39;s future, it&#39;s natural to wonder if competing social media platforms could benefit from a ban.</p><p>Let&#39;s dig into what is going on from a legislative perspective, and assess why I see <strong>Meta Platforms</strong> as a big winner regardless of TikTok becoming banned in the U.S.</p><h2 id=\"id_2283246247\">Is TikTok banned in the U.S.?</h2><p>There are a lot of details surrounding the so-called TikTok ban.</p><p>First, on April 20 the House of Representatives passed a bill stipulating a ban of TikTok unless its parent company -- Chinese start-up ByteDance -- agrees to sell the asset to a U.S. business within the next year.</p><p>Naturally, TikTok is employing hefty lobbying efforts to squash the bill. Given the rift between TikTok and U.S. lawmakers and the Senate&#39;s quick passage of the bill on April 23, it might seem like the company could be going away soon.</p><p>However, there&#39;s more to unpack here. Now that Congress has passed the bill, President Biden will need to sign the bill into law and the company still has time to sell its business.</p><p>So, with all of that said, &#34;no,&#34; TikTok is not banned in the U.S., and although the bill landing on President Biden&#39;s desk so quickly could show urgency, there is no guarantee that the platform will be.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/797b5754b2fcba9b9cfd0852c5cd8cf1\" alt=\"Image Source: Getty Images.\" title=\"Image Source: Getty Images.\" tg-width=\"700\" tg-height=\"466\"/><span>Image Source: Getty Images.</span></p><h2 id=\"id_1846933103\">How could the TikTok ban help Meta?</h2><p>The social media landscape is ripe with competition. <strong>Alphabet</strong> owns video-sharing platform YouTube -- which is the world&#39;s second-most visited website. Furthermore, applications from <strong>Snap</strong> and <strong>Pinterest</strong> are highly popular among Millennials and Gen Z demographics.</p><p>Nevertheless, Meta has a strong pulse in the social media realm. The company owns Facebook, Instagram, and WhatsApp. According to data compiled by Semrush, Facebook and Instagram are the world&#39;s third and fourth most-visited websites, with WhatsApp rounding out the top 10.</p><p>Given Meta&#39;s dominant presence on the Internet, it&#39;s not surprising to learn that the company reaches nearly 4 billion people worldwide across its apps each month. It&#39;s this depth that has advertisers eager to broadcast across Meta&#39;s various platforms.</p><p>However, what investors need to understand above all else is that advertising is a highly cyclical market.</p><p>Considering that TikTok has an estimated 1 billion active users worldwide -- and 150 million in the U.S. alone -- advertisers are surely keen to allocate some budget spend to the platform.</p><p>TikTok&#39;s growth, both within and outside the U.S., threatens Meta. Although the company has a larger user base, the rising popularity of TikTok could spell trouble as advertisers move away from an overreliance on Meta&#39;s various platforms for additional channels, such as TikTok.</p><h2 id=\"id_448750585\">Is Meta stock a buy now?</h2><p>Buying Meta stock based on the outcome of the TikTok bill is short-sighted. Should the bill be signed into law, many unknowns could still impact Meta.</p><p>For example, it&#39;s not clear who would bid to acquire TikTok. Moreover, it&#39;s not yet known what would be included in the sale as it pertains to intellectual property (IP). Given these variables, it&#39;s hard to assess what this could all mean for Meta.</p><p>Rather, the overarching theme here is that if TikTok were to be outright banned in the U.S., Meta would likely benefit by gobbling up advertising dollars that would otherwise have gone to competitors. While this theory warrants merit, it&#39;s still speculative and not yet a proven outcome.</p><p>Instead, I&#39;d encourage investors to consider Meta&#39;s investment prospects for reasons beyond TikTok. For starters, the company recently declared a dividend and increased its share buyback program by $50 billion.</p><p>Moreover, Meta has been clear about its ambitions related to artificial intelligence (AI). The company is developing its own chips to complement existing data insights gathered from its various social platforms.</p><p>To me, Meta is a compelling opportunity regardless of a TikTok ban. In fact, a contrarian might suggest that the rising popularity of TikTok in the U.S. could end up being a long-term benefit for Meta, as increased competition often breeds new innovation.</p><p>While I think the chatter surrounding TikTok is worth monitoring, I wouldn&#39;t base an investment decision purely on this news. For now, I see the idea of a TikTok ban as more of a clickbait headline-grabber.</p><p>Investing in Meta should be rooted in the company&#39;s financial position and its ability to execute its innovation roadmap -- with or without TikTok in the picture.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Does the TikTok Ban Make Meta Stock a Buy?</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\">\nDoes the TikTok Ban Make Meta Stock a Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 23:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/04/24/does-the-tiktok-ban-make-meta-stock-a-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TikTok is facing a potential ban in the U.S. over national security concerns.While Congress passed a bill requiring TikTok's owner to divest the asset, there is still a long road ahead regarding ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/04/24/does-the-tiktok-ban-make-meta-stock-a-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","BK4077":"互动媒体与服务","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0079474960.USD":"联博美国增长基金A","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0056508442.USD":"贝莱德世界科技基金A2","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4136":"纸材料包装","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","META":"Meta Platforms, Inc.","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4585":"ETF&股票定投概念","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC"},"source_url":"https://www.fool.com/investing/2024/04/24/does-the-tiktok-ban-make-meta-stock-a-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2429602459","content_text":"TikTok is facing a potential ban in the U.S. over national security concerns.While Congress passed a bill requiring TikTok's owner to divest the asset, there is still a long road ahead regarding whether this gets signed into law.Meta Platforms could benefit greatly from a TikTok ban, but there are many reasons to like the stock regardless of the legislative outcome.Over the last few weeks, members of Congress have been quarreling over legislation that would ban social media app TikTok in the U.S.At a high level, concerns over user security on the China-owned app have lawmakers at a regulatory crossroads. As some media pundits and economists speculate on TikTok's future, it's natural to wonder if competing social media platforms could benefit from a ban.Let's dig into what is going on from a legislative perspective, and assess why I see Meta Platforms as a big winner regardless of TikTok becoming banned in the U.S.Is TikTok banned in the U.S.?There are a lot of details surrounding the so-called TikTok ban.First, on April 20 the House of Representatives passed a bill stipulating a ban of TikTok unless its parent company -- Chinese start-up ByteDance -- agrees to sell the asset to a U.S. business within the next year.Naturally, TikTok is employing hefty lobbying efforts to squash the bill. Given the rift between TikTok and U.S. lawmakers and the Senate's quick passage of the bill on April 23, it might seem like the company could be going away soon.However, there's more to unpack here. Now that Congress has passed the bill, President Biden will need to sign the bill into law and the company still has time to sell its business.So, with all of that said, \"no,\" TikTok is not banned in the U.S., and although the bill landing on President Biden's desk so quickly could show urgency, there is no guarantee that the platform will be.Image Source: Getty Images.How could the TikTok ban help Meta?The social media landscape is ripe with competition. Alphabet owns video-sharing platform YouTube -- which is the world's second-most visited website. Furthermore, applications from Snap and Pinterest are highly popular among Millennials and Gen Z demographics.Nevertheless, Meta has a strong pulse in the social media realm. The company owns Facebook, Instagram, and WhatsApp. According to data compiled by Semrush, Facebook and Instagram are the world's third and fourth most-visited websites, with WhatsApp rounding out the top 10.Given Meta's dominant presence on the Internet, it's not surprising to learn that the company reaches nearly 4 billion people worldwide across its apps each month. It's this depth that has advertisers eager to broadcast across Meta's various platforms.However, what investors need to understand above all else is that advertising is a highly cyclical market.Considering that TikTok has an estimated 1 billion active users worldwide -- and 150 million in the U.S. alone -- advertisers are surely keen to allocate some budget spend to the platform.TikTok's growth, both within and outside the U.S., threatens Meta. Although the company has a larger user base, the rising popularity of TikTok could spell trouble as advertisers move away from an overreliance on Meta's various platforms for additional channels, such as TikTok.Is Meta stock a buy now?Buying Meta stock based on the outcome of the TikTok bill is short-sighted. Should the bill be signed into law, many unknowns could still impact Meta.For example, it's not clear who would bid to acquire TikTok. Moreover, it's not yet known what would be included in the sale as it pertains to intellectual property (IP). Given these variables, it's hard to assess what this could all mean for Meta.Rather, the overarching theme here is that if TikTok were to be outright banned in the U.S., Meta would likely benefit by gobbling up advertising dollars that would otherwise have gone to competitors. While this theory warrants merit, it's still speculative and not yet a proven outcome.Instead, I'd encourage investors to consider Meta's investment prospects for reasons beyond TikTok. For starters, the company recently declared a dividend and increased its share buyback program by $50 billion.Moreover, Meta has been clear about its ambitions related to artificial intelligence (AI). The company is developing its own chips to complement existing data insights gathered from its various social platforms.To me, Meta is a compelling opportunity regardless of a TikTok ban. In fact, a contrarian might suggest that the rising popularity of TikTok in the U.S. could end up being a long-term benefit for Meta, as increased competition often breeds new innovation.While I think the chatter surrounding TikTok is worth monitoring, I wouldn't base an investment decision purely on this news. For now, I see the idea of a TikTok ban as more of a clickbait headline-grabber.Investing in Meta should be rooted in the company's financial position and its ability to execute its innovation roadmap -- with or without TikTok in the picture.","news_type":1},"isVote":1,"tweetType":1,"viewCount":371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":283023860465760,"gmtCreate":1710126133691,"gmtModify":1710126135826,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4147642889264222","authorIdStr":"4147642889264222"},"themes":[],"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/283023860465760","repostId":"2418874656","repostType":2,"repost":{"id":"2418874656","pubTimestamp":1710124532,"share":"https://ttm.financial/m/news/2418874656?lang=&edition=fundamental","pubTime":"2024-03-11 10:35","market":"us","language":"en","title":"FTC v. Amazon Is 'Dark Patterns' Case To Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=2418874656","media":"HBW Insight","summary":"FTC v. Amazon Is 'Dark Patterns' Case To Watch","content":"<div>\n<p>FTC v. Amazon Is 'Dark Patterns' Case To Watch</p>\n\n<a href=\"https://news.google.com/rss/articles/CBMiTWh0dHBzOi8vaGJ3LmNpdGVsaW5lLmNvbS9SUzE1NDQ0NC9GVEMtdi1BbWF6b24tSXMtRGFyay1QYXR0ZXJucy1DYXNlLVRvLVdhdGNo0gEA?oc=5\">Web Link</a>\n\n</div>\n","source":"redbox_crawler","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>FTC v. Amazon Is 'Dark Patterns' Case To Watch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFTC v. Amazon Is 'Dark Patterns' Case To Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-11 10:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://news.google.com/rss/articles/CBMiTWh0dHBzOi8vaGJ3LmNpdGVsaW5lLmNvbS9SUzE1NDQ0NC9GVEMtdi1BbWF6b24tSXMtRGFyay1QYXR0ZXJucy1DYXNlLVRvLVdhdGNo0gEA?oc=5><strong>HBW Insight</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FTC v. Amazon Is 'Dark Patterns' Case To Watch</p>\n\n<a href=\"https://news.google.com/rss/articles/CBMiTWh0dHBzOi8vaGJ3LmNpdGVsaW5lLmNvbS9SUzE1NDQ0NC9GVEMtdi1BbWF6b24tSXMtRGFyay1QYXR0ZXJucy1DYXNlLVRvLVdhdGNo0gEA?oc=5\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4554":"元宇宙及AR概念","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4592":"伊斯兰概念","LU0238689110.USD":"贝莱德环球动力股票基金","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","AMZN":"亚马逊","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0079474960.USD":"联博美国增长基金A","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4507":"流媒体概念","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4566":"资本集团","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4524":"宅经济概念","BK4581":"高盛持仓","BK4535":"淡马锡持仓","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4559":"巴菲特持仓","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU0109392836.USD":"富兰克林科技股A","BK4538":"云计算","BK4527":"明星科技股","BK4588":"碎股","BK4550":"红杉资本持仓","BK4579":"人工智能","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","BK4503":"景林资产持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","FTC":"First Trust Large Cap Growth Opp","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC"},"source_url":"https://news.google.com/rss/articles/CBMiTWh0dHBzOi8vaGJ3LmNpdGVsaW5lLmNvbS9SUzE1NDQ0NC9GVEMtdi1BbWF6b24tSXMtRGFyay1QYXR0ZXJucy1DYXNlLVRvLVdhdGNo0gEA?oc=5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2418874656","content_text":"FTC v. Amazon Is 'Dark Patterns' Case To Watch","news_type":1},"isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":283106607624296,"gmtCreate":1710126117567,"gmtModify":1710126121174,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4147642889264222","authorIdStr":"4147642889264222"},"themes":[],"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/283106607624296","repostId":"2418886004","repostType":2,"repost":{"id":"2418886004","pubTimestamp":1710125302,"share":"https://ttm.financial/m/news/2418886004?lang=&edition=fundamental","pubTime":"2024-03-11 10:48","market":"us","language":"en","title":"META Stock Could Sprint Far Beyond $500","url":"https://stock-news.laohu8.com/highlight/detail?id=2418886004","media":"InvestorPlace","summary":"Don't be too eager to sell META stock now as Meta Platforms continues to advance AI technology for social media, virtual reality and more.","content":"<html><head></head><body><ul style=\"\"><li><p><a href=\"https://laohu8.com/S/META\">Meta Platforms</a> CEO Mark Zuckerberg discussed a strategic alliance with LG Electronics executives.</p></li></ul><ul style=\"\"><li><p>Meta Platforms plans to launch a new artificial intelligence language model in July.</p></li><li><p>Investors should consider maintaining a share position in META stock.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/5976608f2fb0e78376a29d06db9b7e96\" alt=\"Source: rafapress / Shutterstock.com\" title=\"Source: rafapress / Shutterstock.com\" tg-width=\"768\" tg-height=\"432\"/><span>Source: rafapress / Shutterstock.com</span></p><p>When a stock goes up a lot, as Meta Platforms stock has done, there will always be worry warts telling you to sell or avoid it. You might even hear warnings from famous hedge fund managers. Once you examine the facts, you’ll be convinced that Meta Platforms will thrive in 2024.</p><p>You’ve probably already heard about Meta Platforms’ outstanding quarterly results, new dividend and massive share-buyback program. These all add to the powerful bull case for Meta Platforms stock, which earns an “A” grade from us. Get ready, though, as there’s more positive news to report for Meta Platforms right now.</p><h2 id=\"id_730266876\">Meta Platforms Has Big Plans for AI in July</h2><p>July could be a landmark month for Meta Platforms. That’s when plans to release a new artificial intelligence large language model version, called Llama 3.</p><p>Currently, Llama 2 powers AI chatbots on Meta Platforms’ social-media platforms. Llama 2 is quite robust, but Llama should provide better responses to users’ queries, especially on controversial topics.</p><p>As powerful as Llama 2 already is, it avoids answering questions with controversial-looking language. Llama 3 should have a greater degree of intelligence in this area.</p><p>For example, Llama 3 should hopefully understand that “how to kill a vehicle’s engine” isn’t a controversial query about death. It’s only a query about how to shut down an engine.</p><p>If Llama can successfully navigate controversial-looking phrases, this will represent a big step forward in Meta Platforms’ LLM technology.</p><h2 id=\"id_1105786325\">Meta Platforms and an Important Partnership</h2><p>Meanwhile, Meta Platforms CEO Mark Zuckerberg is apparently seeking to strengthen his strategic alliance with South Korean technology-hardware company LG Electronics.</p><p>According to <em>Reuters</em>, Zuckerberg met with LG Electronics executives on Feb. 28 “to discuss a stronger partnership in extended reality devices and potential cooperation in artificial intelligence.”</p><p>The meeting with LG Electronics was, per <em>Bloomberg</em>, Zuckerberg’s “latest stop on a tour of Asia that’s taken the billionaire founder from Tokyo to Seoul.” How will Meta Platforms and LG Electronics strengthen their cooperative alliance, though?</p><p>A statement from LG Electronics offers some insight into this. “LG envisions that by bringing together Meta’s platform with its own content/service capabilities from its TV business, a distinctive ecosystem can be forged in the XR [extended reality] domain,” the South Korean company clarified in a statement.</p><p>It will be interesting to find out, in the coming quarters, whether this collaboration will help Meta Platforms produce more advanced versions of the company’s Quest virtual reality headsets. In time, Meta Platforms and LG Electronics could jointly accelerate the development of a range of AI-enhanced VR products.</p><h2 id=\"id_2156261333\">Meta Platforms Stock: What Comes After $500?</h2><p>Meta Platforms stock recently touched $500, and some people might worry about a potential pullback. In the long term, however, Meta Platforms’ relentless pursuit of best-in-class technology should provide ongoing value to the shareholders.</p><p>As long as Meta Platforms strives to advance the latest and greatest in AI and VR technology, there’s no reason for investors to worry. Going forward, prepare for META stock to move past $500 and test $600, $700 and increasingly higher price points.</p></body></html>","source":"investorplace_stock_picks","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>META Stock Could Sprint Far Beyond $500</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\">\nMETA Stock Could Sprint Far Beyond $500\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-11 10:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/market360/2024/03/run-forrest-run-meta-stock-could-sprint-far-beyond-500/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Meta Platforms CEO Mark Zuckerberg discussed a strategic alliance with LG Electronics executives.Meta Platforms plans to launch a new artificial intelligence language model in July.Investors should ...</p>\n\n<a href=\"https://investorplace.com/market360/2024/03/run-forrest-run-meta-stock-could-sprint-far-beyond-500/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4592":"伊斯兰概念","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","BK4178":"家庭装饰零售","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","META":"Meta Platforms, Inc.","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","BK4524":"宅经济概念","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0109391861.USD":"富兰克林美国机遇基金A Acc","BK4588":"碎股","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0079474960.USD":"联博美国增长基金A","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC"},"source_url":"https://investorplace.com/market360/2024/03/run-forrest-run-meta-stock-could-sprint-far-beyond-500/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2418886004","content_text":"Meta Platforms CEO Mark Zuckerberg discussed a strategic alliance with LG Electronics executives.Meta Platforms plans to launch a new artificial intelligence language model in July.Investors should consider maintaining a share position in META stock.Source: rafapress / Shutterstock.comWhen a stock goes up a lot, as Meta Platforms stock has done, there will always be worry warts telling you to sell or avoid it. You might even hear warnings from famous hedge fund managers. Once you examine the facts, you’ll be convinced that Meta Platforms will thrive in 2024.You’ve probably already heard about Meta Platforms’ outstanding quarterly results, new dividend and massive share-buyback program. These all add to the powerful bull case for Meta Platforms stock, which earns an “A” grade from us. Get ready, though, as there’s more positive news to report for Meta Platforms right now.Meta Platforms Has Big Plans for AI in JulyJuly could be a landmark month for Meta Platforms. That’s when plans to release a new artificial intelligence large language model version, called Llama 3.Currently, Llama 2 powers AI chatbots on Meta Platforms’ social-media platforms. Llama 2 is quite robust, but Llama should provide better responses to users’ queries, especially on controversial topics.As powerful as Llama 2 already is, it avoids answering questions with controversial-looking language. Llama 3 should have a greater degree of intelligence in this area.For example, Llama 3 should hopefully understand that “how to kill a vehicle’s engine” isn’t a controversial query about death. It’s only a query about how to shut down an engine.If Llama can successfully navigate controversial-looking phrases, this will represent a big step forward in Meta Platforms’ LLM technology.Meta Platforms and an Important PartnershipMeanwhile, Meta Platforms CEO Mark Zuckerberg is apparently seeking to strengthen his strategic alliance with South Korean technology-hardware company LG Electronics.According to Reuters, Zuckerberg met with LG Electronics executives on Feb. 28 “to discuss a stronger partnership in extended reality devices and potential cooperation in artificial intelligence.”The meeting with LG Electronics was, per Bloomberg, Zuckerberg’s “latest stop on a tour of Asia that’s taken the billionaire founder from Tokyo to Seoul.” How will Meta Platforms and LG Electronics strengthen their cooperative alliance, though?A statement from LG Electronics offers some insight into this. “LG envisions that by bringing together Meta’s platform with its own content/service capabilities from its TV business, a distinctive ecosystem can be forged in the XR [extended reality] domain,” the South Korean company clarified in a statement.It will be interesting to find out, in the coming quarters, whether this collaboration will help Meta Platforms produce more advanced versions of the company’s Quest virtual reality headsets. In time, Meta Platforms and LG Electronics could jointly accelerate the development of a range of AI-enhanced VR products.Meta Platforms Stock: What Comes After $500?Meta Platforms stock recently touched $500, and some people might worry about a potential pullback. In the long term, however, Meta Platforms’ relentless pursuit of best-in-class technology should provide ongoing value to the shareholders.As long as Meta Platforms strives to advance the latest and greatest in AI and VR technology, there’s no reason for investors to worry. Going forward, prepare for META stock to move past $500 and test $600, $700 and increasingly higher price points.","news_type":1},"isVote":1,"tweetType":1,"viewCount":456,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":275689059061800,"gmtCreate":1708345612808,"gmtModify":1708345617037,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4147642889264222","authorIdStr":"4147642889264222"},"themes":[],"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/275689059061800","isVote":1,"tweetType":1,"viewCount":386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":272504435843352,"gmtCreate":1707567198787,"gmtModify":1707567203745,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4147642889264222","authorIdStr":"4147642889264222"},"themes":[],"htmlText":"👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼","listText":"👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼","text":"👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/272504435843352","isVote":1,"tweetType":1,"viewCount":283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":265378153955552,"gmtCreate":1705813736894,"gmtModify":1705813741813,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4147642889264222","authorIdStr":"4147642889264222"},"themes":[],"htmlText":"Are we approaching bubble territory?","listText":"Are we approaching bubble territory?","text":"Are we approaching bubble territory?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/265378153955552","repostId":"1139640281","repostType":2,"repost":{"id":"1139640281","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1705705346,"share":"https://ttm.financial/m/news/1139640281?lang=&edition=fundamental","pubTime":"2024-01-20 07:02","market":"us","language":"en","title":"Post-Bell | S&P 500 Confirms Bull Market With Record Close; Nvidia Rallies 4% While AMD Gains 7%","url":"https://stock-news.laohu8.com/highlight/detail?id=1139640281","media":"Tiger Newspress","summary":"The S&P 500 (.SPX), opens new tab posted a record high close on Friday for the first time in two years, fueled by a rally in chipmakers and other heavyweight technology stocks on optimism around artif","content":"<html><head></head><body><p>The S&amp;P 500 posted a record high close on Friday for the first time in two years, fueled by a rally in chipmakers and other heavyweight technology stocks on optimism around artificial intelligence.</p><h2 id=\"id_966889051\">Market Snapshot</h2><p>The Dow Jones Industrial Average gained 1.05 percent, hitting fresh records to 37,863.80, while the broad-based S&amp;P 500 ended 1.23 percent higher at 4,839.81. The tech-heavy Nasdaq Composite Index also climbed 1.70 percent to 15,310.97.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/530dcfbec6bc63132e56cd8990c27b02\" title=\"\" tg-width=\"933\" tg-height=\"148\"/></p><h2 id=\"id_215835447\">Market Movers</h2><p>Shares of <a href=\"https://laohu8.com/S/IRBT\">iRobot</a> plunged 27% after The Wall Street Journal reported the European Commission intends to block  Amazon.com’s  acquisition of the Roomba maker. The Journal, citing people familiar with the matter, said Amazon was told Thursday in a meeting with competition officials from the European Commission that the deal likely would be rejected. Amazon agreed to buy iRobot for $1.7 billion in August 2022. Amazon shares finished up 1.2%.</p><p><a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> rose 17% after the beleaguered budget carrier said it expects fourth-quarter revenue at the high end of its initial guidance and that bookings over the holiday period were strong. The stock had closed down 7.5% on Thursday following a Journal report that said Spirit was planning to explore restructuring options with advisors following the collapse of its merger with JetBlue Airways. In a statement sent to <em>Barron’s</em> after markets closed Thursday, a Spirit spokesperson said that the company “is not pursuing nor involved in a statutory restructuring.” Spirit shares fell 47% on Tuesday and 22% on Wednesday.</p><p><a href=\"https://laohu8.com/S/SMCI\">Super Micro Computer</a> gained 36% after the server and computer products maker said it expects fiscal second-quarter adjusted earnings of $5.40 to $5.55 a share, higher than analysts’ estimates of $4.51 and better than the company’s previous forecast of $4.40 to $4.88. It expects sales of $3.6 billion to $3.65 billion, also above Wall Street estimates. Super Micro cited “a strong market and end customer demand for our rack-scale, AI and Total IT Solutions.”</p><p><a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices</a> rose 7.1% to $174.23 and <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> climbed 4.2% to $594.91 after shares of both chip makers closed at all-time highs on Thursday. AMD has risen 26% this year while Nvidia has soared 24%. The stocks have received a boost from investors’ appetite for everything related to artificial intelligence. On Thursday, AMD and Nvidia got a lift from <a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor</a>’s better-than-expected forecast.</p><p><a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a> finished up 4.1% to $173.65. UBS upgraded the stock to Buy from Neutral and raised the price target on shares of the chip maker to $195 from $170.</p><p>Travelers rose 6.7% after the property casualty insurer reported fourth-quarter core profit of $7.01 a share, easily topping analysts’ estimates of $5.10. The company said the quarter saw higher underwriting gains and lower catastrophe losses.</p><p><a href=\"https://laohu8.com/S/W\">Wayfair</a> said it would be cutting 1,650 jobs after acknowledging that it “went overboard in hiring during a strong economic period.” Shares of the online home furnishings retailer rose 10%.</p><p><a href=\"https://laohu8.com/S/ALLY\">Ally Financial</a> rose 11%. The bank reported better-than-expected fourth-quarter adjusted earnings and said its point-of-sale financing business was acquired by Synchrony Financial.</p><p><a href=\"https://laohu8.com/S/SLB\">Schlumberger</a> gained 2.2% after the oil services provider’s fourth-quarter revenue topped estimates on strong international growth. SLB also raised its quarterly dividend.</p><p><a href=\"https://laohu8.com/S/IBM\">International Business Machines</a> climbed 2.8% to $171.48 after Evercore raised its rating on the stock to Outperform from In Line and increased the price target to $200 from $165.</p><p><a href=\"https://laohu8.com/S/T\">AT&amp;T</a> gained 1.7% to $16.67 after shares of the telecommunications company were upgraded to Outperform from Perform at Oppenheimer and the price target was set at $21. Oppenheimer raised its forecasts for revenue and earnings at AT&amp;T.</p><p><a href=\"https://laohu8.com/S/CHGG\">Chegg</a> was downgraded to Sell from Neutral at Goldman Sachs and the price target was cut to $8 a share from $10. Shares of the education technology company fell 2.2% to $9.84 after the analysts said the emergence of generative artificial intelligence software tools posed a major risk to providers on online courseware.</p><h2 id=\"id_3378142872\">Market News</h2><h3 id=\"id_3929936350\">Apple Vision Pro Deliveries Delayed to March in Sign of Early Demand</h3><p><a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a>’s long-awaited Vision Pro mixed-reality headset finally became available for preorders on Friday, giving the company its first real taste of consumer demand for the $3,499 device.</p><p style=\"text-align: start;\">With the launch, the company disclosed two additional configurations: a version with 512 gigabytes of storage for $3,699, and a top-end model with 1 terabyte of space for $3,899. The base model includes 256 gigabytes of storage. The company also said it would sell a carrying case for $199 and additional batteries for $199, while extra bands will cost $99 a piece.</p><h3 id=\"id_3183752304\" style=\"text-align: start;\">Ford Cuts F-150 Lightning Production As EV Demand Softens</h3><p><a href=\"https://laohu8.com/S/F\">Ford Motor</a> said on Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles (EVs) has been lower than expected.</p><p>The No. 2 U.S. automaker said it would cut production at its Michigan Rouge Electric Vehicle Center to one shift starting April 1. In October, the automaker said it would temporarily cut one of three shifts at the Michigan plant that builds the electric F-150 Lightning pickup truck.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Post-Bell | S&P 500 Confirms Bull Market With Record Close; Nvidia Rallies 4% While AMD Gains 7%</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\">\nPost-Bell | S&P 500 Confirms Bull Market With Record Close; Nvidia Rallies 4% While AMD Gains 7%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-01-20 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The S&amp;P 500 posted a record high close on Friday for the first time in two years, fueled by a rally in chipmakers and other heavyweight technology stocks on optimism around artificial intelligence.</p><h2 id=\"id_966889051\">Market Snapshot</h2><p>The Dow Jones Industrial Average gained 1.05 percent, hitting fresh records to 37,863.80, while the broad-based S&amp;P 500 ended 1.23 percent higher at 4,839.81. The tech-heavy Nasdaq Composite Index also climbed 1.70 percent to 15,310.97.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/530dcfbec6bc63132e56cd8990c27b02\" title=\"\" tg-width=\"933\" tg-height=\"148\"/></p><h2 id=\"id_215835447\">Market Movers</h2><p>Shares of <a href=\"https://laohu8.com/S/IRBT\">iRobot</a> plunged 27% after The Wall Street Journal reported the European Commission intends to block  Amazon.com’s  acquisition of the Roomba maker. The Journal, citing people familiar with the matter, said Amazon was told Thursday in a meeting with competition officials from the European Commission that the deal likely would be rejected. Amazon agreed to buy iRobot for $1.7 billion in August 2022. Amazon shares finished up 1.2%.</p><p><a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> rose 17% after the beleaguered budget carrier said it expects fourth-quarter revenue at the high end of its initial guidance and that bookings over the holiday period were strong. The stock had closed down 7.5% on Thursday following a Journal report that said Spirit was planning to explore restructuring options with advisors following the collapse of its merger with JetBlue Airways. In a statement sent to <em>Barron’s</em> after markets closed Thursday, a Spirit spokesperson said that the company “is not pursuing nor involved in a statutory restructuring.” Spirit shares fell 47% on Tuesday and 22% on Wednesday.</p><p><a href=\"https://laohu8.com/S/SMCI\">Super Micro Computer</a> gained 36% after the server and computer products maker said it expects fiscal second-quarter adjusted earnings of $5.40 to $5.55 a share, higher than analysts’ estimates of $4.51 and better than the company’s previous forecast of $4.40 to $4.88. It expects sales of $3.6 billion to $3.65 billion, also above Wall Street estimates. Super Micro cited “a strong market and end customer demand for our rack-scale, AI and Total IT Solutions.”</p><p><a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices</a> rose 7.1% to $174.23 and <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> climbed 4.2% to $594.91 after shares of both chip makers closed at all-time highs on Thursday. AMD has risen 26% this year while Nvidia has soared 24%. The stocks have received a boost from investors’ appetite for everything related to artificial intelligence. On Thursday, AMD and Nvidia got a lift from <a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor</a>’s better-than-expected forecast.</p><p><a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a> finished up 4.1% to $173.65. UBS upgraded the stock to Buy from Neutral and raised the price target on shares of the chip maker to $195 from $170.</p><p>Travelers rose 6.7% after the property casualty insurer reported fourth-quarter core profit of $7.01 a share, easily topping analysts’ estimates of $5.10. The company said the quarter saw higher underwriting gains and lower catastrophe losses.</p><p><a href=\"https://laohu8.com/S/W\">Wayfair</a> said it would be cutting 1,650 jobs after acknowledging that it “went overboard in hiring during a strong economic period.” Shares of the online home furnishings retailer rose 10%.</p><p><a href=\"https://laohu8.com/S/ALLY\">Ally Financial</a> rose 11%. The bank reported better-than-expected fourth-quarter adjusted earnings and said its point-of-sale financing business was acquired by Synchrony Financial.</p><p><a href=\"https://laohu8.com/S/SLB\">Schlumberger</a> gained 2.2% after the oil services provider’s fourth-quarter revenue topped estimates on strong international growth. SLB also raised its quarterly dividend.</p><p><a href=\"https://laohu8.com/S/IBM\">International Business Machines</a> climbed 2.8% to $171.48 after Evercore raised its rating on the stock to Outperform from In Line and increased the price target to $200 from $165.</p><p><a href=\"https://laohu8.com/S/T\">AT&amp;T</a> gained 1.7% to $16.67 after shares of the telecommunications company were upgraded to Outperform from Perform at Oppenheimer and the price target was set at $21. Oppenheimer raised its forecasts for revenue and earnings at AT&amp;T.</p><p><a href=\"https://laohu8.com/S/CHGG\">Chegg</a> was downgraded to Sell from Neutral at Goldman Sachs and the price target was cut to $8 a share from $10. Shares of the education technology company fell 2.2% to $9.84 after the analysts said the emergence of generative artificial intelligence software tools posed a major risk to providers on online courseware.</p><h2 id=\"id_3378142872\">Market News</h2><h3 id=\"id_3929936350\">Apple Vision Pro Deliveries Delayed to March in Sign of Early Demand</h3><p><a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a>’s long-awaited Vision Pro mixed-reality headset finally became available for preorders on Friday, giving the company its first real taste of consumer demand for the $3,499 device.</p><p style=\"text-align: start;\">With the launch, the company disclosed two additional configurations: a version with 512 gigabytes of storage for $3,699, and a top-end model with 1 terabyte of space for $3,899. The base model includes 256 gigabytes of storage. The company also said it would sell a carrying case for $199 and additional batteries for $199, while extra bands will cost $99 a piece.</p><h3 id=\"id_3183752304\" style=\"text-align: start;\">Ford Cuts F-150 Lightning Production As EV Demand Softens</h3><p><a href=\"https://laohu8.com/S/F\">Ford Motor</a> said on Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles (EVs) has been lower than expected.</p><p>The No. 2 U.S. automaker said it would cut production at its Michigan Rouge Electric Vehicle Center to one shift starting April 1. In October, the automaker said it would temporarily cut one of three shifts at the Michigan plant that builds the electric F-150 Lightning pickup truck.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139640281","content_text":"The S&P 500 posted a record high close on Friday for the first time in two years, fueled by a rally in chipmakers and other heavyweight technology stocks on optimism around artificial intelligence.Market SnapshotThe Dow Jones Industrial Average gained 1.05 percent, hitting fresh records to 37,863.80, while the broad-based S&P 500 ended 1.23 percent higher at 4,839.81. The tech-heavy Nasdaq Composite Index also climbed 1.70 percent to 15,310.97.Market MoversShares of iRobot plunged 27% after The Wall Street Journal reported the European Commission intends to block  Amazon.com’s  acquisition of the Roomba maker. The Journal, citing people familiar with the matter, said Amazon was told Thursday in a meeting with competition officials from the European Commission that the deal likely would be rejected. Amazon agreed to buy iRobot for $1.7 billion in August 2022. Amazon shares finished up 1.2%.Spirit Airlines rose 17% after the beleaguered budget carrier said it expects fourth-quarter revenue at the high end of its initial guidance and that bookings over the holiday period were strong. The stock had closed down 7.5% on Thursday following a Journal report that said Spirit was planning to explore restructuring options with advisors following the collapse of its merger with JetBlue Airways. In a statement sent to Barron’s after markets closed Thursday, a Spirit spokesperson said that the company “is not pursuing nor involved in a statutory restructuring.” Spirit shares fell 47% on Tuesday and 22% on Wednesday.Super Micro Computer gained 36% after the server and computer products maker said it expects fiscal second-quarter adjusted earnings of $5.40 to $5.55 a share, higher than analysts’ estimates of $4.51 and better than the company’s previous forecast of $4.40 to $4.88. It expects sales of $3.6 billion to $3.65 billion, also above Wall Street estimates. Super Micro cited “a strong market and end customer demand for our rack-scale, AI and Total IT Solutions.”Advanced Micro Devices rose 7.1% to $174.23 and Nvidia climbed 4.2% to $594.91 after shares of both chip makers closed at all-time highs on Thursday. AMD has risen 26% this year while Nvidia has soared 24%. The stocks have received a boost from investors’ appetite for everything related to artificial intelligence. On Thursday, AMD and Nvidia got a lift from Taiwan Semiconductor’s better-than-expected forecast.Texas Instruments finished up 4.1% to $173.65. UBS upgraded the stock to Buy from Neutral and raised the price target on shares of the chip maker to $195 from $170.Travelers rose 6.7% after the property casualty insurer reported fourth-quarter core profit of $7.01 a share, easily topping analysts’ estimates of $5.10. The company said the quarter saw higher underwriting gains and lower catastrophe losses.Wayfair said it would be cutting 1,650 jobs after acknowledging that it “went overboard in hiring during a strong economic period.” Shares of the online home furnishings retailer rose 10%.Ally Financial rose 11%. The bank reported better-than-expected fourth-quarter adjusted earnings and said its point-of-sale financing business was acquired by Synchrony Financial.Schlumberger gained 2.2% after the oil services provider’s fourth-quarter revenue topped estimates on strong international growth. SLB also raised its quarterly dividend.International Business Machines climbed 2.8% to $171.48 after Evercore raised its rating on the stock to Outperform from In Line and increased the price target to $200 from $165.AT&T gained 1.7% to $16.67 after shares of the telecommunications company were upgraded to Outperform from Perform at Oppenheimer and the price target was set at $21. Oppenheimer raised its forecasts for revenue and earnings at AT&T.Chegg was downgraded to Sell from Neutral at Goldman Sachs and the price target was cut to $8 a share from $10. Shares of the education technology company fell 2.2% to $9.84 after the analysts said the emergence of generative artificial intelligence software tools posed a major risk to providers on online courseware.Market NewsApple Vision Pro Deliveries Delayed to March in Sign of Early DemandApple Inc.’s long-awaited Vision Pro mixed-reality headset finally became available for preorders on Friday, giving the company its first real taste of consumer demand for the $3,499 device.With the launch, the company disclosed two additional configurations: a version with 512 gigabytes of storage for $3,699, and a top-end model with 1 terabyte of space for $3,899. The base model includes 256 gigabytes of storage. The company also said it would sell a carrying case for $199 and additional batteries for $199, while extra bands will cost $99 a piece.Ford Cuts F-150 Lightning Production As EV Demand SoftensFord Motor said on Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles (EVs) has been lower than expected.The No. 2 U.S. automaker said it would cut production at its Michigan Rouge Electric Vehicle Center to one shift starting April 1. In October, the automaker said it would temporarily cut one of three shifts at the Michigan plant that builds the electric F-150 Lightning pickup truck.","news_type":1},"isVote":1,"tweetType":1,"viewCount":332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":265377640915104,"gmtCreate":1705813689419,"gmtModify":1705813694487,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4147642889264222","authorIdStr":"4147642889264222"},"themes":[],"htmlText":"What's fair value?","listText":"What's fair value?","text":"What's fair value?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/265377640915104","repostId":"2404653175","repostType":2,"repost":{"id":"2404653175","pubTimestamp":1705745984,"share":"https://ttm.financial/m/news/2404653175?lang=&edition=fundamental","pubTime":"2024-01-20 18:19","market":"us","language":"en","title":"Microsoft: Is AI Growth Priced In?","url":"https://stock-news.laohu8.com/highlight/detail?id=2404653175","media":"seekingalpha","summary":"Microsoft Corporation has invested heavily in research and development and acquisitions, totaling almost $172 billion and $75 billion respectively over the past decade.The company believes that genera","content":"<html><head></head><body><ul style=\"\"><li><p>Microsoft Corporation has invested heavily in research and development and acquisitions, totaling almost $172 billion and $75 billion respectively over the past decade.</p></li><li><p>The company believes that generative AI will have a transformative impact on business productivity and is positioning itself to be a leader in this field.</p></li><li><p>Microsoft&#39;s strategic priorities include maintaining its position as the top commercial cloud provider, leading the AI platform wave, and aligning its cost structure with revenue growth.</p></li><li><p>My scenario for Microsoft is for high revenue growth, high operating margins and high reinvestment requirements which are all contributing to an intrinsic value similar to the current market price.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e72d742f4309c63ee27dd4fe8a632269\" tg-width=\"750\" tg-height=\"497\"/></p><p>Chris Hondros</p><h2 id=\"id_3374433027\">Business Overview</h2><p><a href=\"https://laohu8.com/S/MSFT\">icrosoft Corporation</a> started life as a technology leader. It has grown its revenues by developing technologies in-house through investments in research and development and by the acquisition of other innovative companies.</p><p>Over the last 10 years, Microsoft has invested almost $172 billion in research and development (13% of revenues) and $75 billion in acquisitions (almost 6% of revenues).</p><h2 id=\"id_4211063406\">New Age of Generative AI</h2><p>Microsoft apparently believes that the next generation of Artificial Intelligence (AI) will reshape every software category and every business. This is potentially a fundamental technology shift. Over the years, the technology sector has undergone a series of step-change transitions, such as from PC / Server to Web / Internet and to Cloud / Mobile.</p><p>Generative AI has the potential to fundamentally transform productivity for every individual, organization, and industry.</p><p>There are suggestions that Microsoft was slow to embrace the changes that took place in historical technology sector transitions - the step changes that took place in search and in mobile.</p><p>Current management has indicated it wants to be at the front of the AI technology transition, and as a result the company appears to be going all out to ensure that it becomes a Generative AI leader.</p><h2 id=\"id_35542115\">Strategic Priorities</h2><p>Microsoft has identified 3 priorities:</p><ul style=\"\"><li><p>Maintain its lead as the top commercial cloud provider.</p></li><li><p>Invest to lead the AI platform wave across the Microsoft solution areas.</p></li><li><p>Drive operating leverage by aligning its cost structure with revenue growth.</p></li></ul><p>Microsoft has used its financial size to drive its technology leadership, and this is demonstrated by the following chart which shows the historical level of annual investment that the company has made to support its strategy:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef0634a6e142396af18e9538a0f5863d\" tg-width=\"571\" tg-height=\"345\"/></p><p>Author&#39;s compilaton using data from Microsoft&#39;s 10-K filings.</p><h3 id=\"id_4006317099\">OpenAI Investment</h3><p>The key to Microsoft’s AI strategy is its investment in OpenAI.</p><p>Open AI&#39;s founders formed the company in 2015 as a not for profit AI research company. As the company expanded its research initiatives, it required more capital than many of its founders were willing to provide. In FY2019, Microsoft made its initial investment of $1 Billion in OpenAI.</p><p>OpenAI is not a public company and, therefore, it is not obligated to make any public disclosures about any changes in its shareholders&#39; holdings.</p><p>There have been media reports that Microsoft made a further investment in April FY2023 and that its total investment may now be about $13 Billion. It is rumored that this investment gave Microsoft a 49% shareholding in OpenAI but it is not entitled to board representation.</p><p>According to OpenAI&#39;s web site, it has recently changed its corporate status from a not-for-profit company to a “capped-profit” model where shareholders have agreed to a defined exit multiple for their investments.</p><p>Microsoft claims that its OpenAI investment benefits are:</p><ul style=\"\"><li><p>A perpetual right to use the OpenAI intellectual property.</p></li><li><p>The ability to independently commercialize the resulting AI technologies.</p></li><li><p>To be the exclusive cloud provider to OpenAI.</p></li></ul><p>Microsoft discloses very little about its OpenAI investment in its 10-K filings. There is no disclosed balance sheet entry for the investment, and there are no cash flow entries showing annual payments (additional capital) to OpenAI.</p><p>I am surprised that more questions are not asked by the investment community, particularly in order to better understand whether the OpenAI investment is material to Microsoft&#39;s valuation.</p><h3 id=\"id_3018650301\">Microsoft’s Operating Divisions</h3><p>Microsoft&#39;s CEO, Satya Nadella, many years ago defined Microsoft as a technology company aiming to build the best-in-class platforms and productivity services for a mobile-first, cloud-first world. The current divisional structure reflects that ambition and has been in place since FY2016 (with financials going back to FY2014):</p><h4 id=\"id_3069609942\">Productivity &amp; Business Processes Division</h4><p>This division comprises a broad portfolio of productivity, communication, and information services that span devices and platforms. The cornerstone product suites of this division are Office 365, Microsoft 365, LinkedIn, and Dynamics.</p><p>The division’s historical revenues and reported operating margins are:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d107d211ad998fb68cd94dafb80522b3\" tg-width=\"587\" tg-height=\"342\"/></p><p>Author&#39;s compilation using data from Microsoft&#39;s 10-K filings.</p><p>The vast bulk of the division’s revenues come from subscriptions. The chart shows that the division is exhibiting very steady revenue growth and was not impacted by the COVID pandemic. The trailing 12-month (TTM) growth rate peaked during Q3 FY2022 and had been declining until recently. The TTM growth rate appears now to be steady at around 10%.</p><h4 id=\"id_455810620\">Intelligent Cloud</h4><p>This division predominantly comprises server products and cloud services such as Azure, SQL server, Windows server, enterprise services and some of the recent acquisitions Nuance and GitHub.</p><p>The division’s historical revenues and reported operating margins are:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4fde466cd009875e48073239894c3799\" tg-width=\"589\" tg-height=\"340\"/></p><p>Author&#39;s compilation using data from Microsoft&#39;s 10-K filings.</p><p>This division will be Microsoft’s future growth engine. The division’s 5-year revenue compound annual growth rate (CAGR) at the end of Q1 FY2024 was 22%, but it should be noted that the current TTM growth rate is 17%. The division’s TTM growth rate peaked at the end of Q3 FY2022 and has been declining each quarter ever since.</p><p>At the end of FY2022 the size of the cloud infrastructure services market has been estimated by industry consulting company GlobeNewsWire to be $113 billion. They estimate that this market will grow at 18% per year for the next 10 years.</p><p>Statista estimates that at the end of FY2022, Microsoft’s market share in the cloud infrastructure market was 23% with the market leader being Amazon AWS with 32%.</p><h4 id=\"id_3046855215\">Personal Computing Division</h4><p>This division predominantly comprises revenues from Windows’ product subscriptions, sales of hardware devices, sales of gaming consoles and game subscriptions, and the sales of digital advertising and search engines.</p><p>The division’s historical dividends and margins are:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fec66d313fc41362b62df5ce2f6deab7\" tg-width=\"584\" tg-height=\"337\"/></p><p>Author&#39;s compilation using data from Microsoft&#39;s 10-K filings.</p><p>The chart indicates that this is Microsoft’s most volatile division. All the product groups in the division are volatile but particularly devices. The division’s long-term annual revenue growth rate has been around 4%.</p><h2 id=\"id_1656806296\">Microsoft’s Historical Financial Performance</h2><h3 id=\"id_754017271\">Revenues and Adjusted Operating Margins</h3><p>The following chart shows Microsoft’s reported aggregated sales and adjusted operating margins for the last 10 years:</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/10249b38f5ba6b4b0ee1699c8f111a7e\" tg-width=\"583\" tg-height=\"348\"/></p><p>Author&#39;s compilation using data from Microsoft&#39;s 10-K filings.</p><p>Readers should be aware that I have made 2 adjustments to Microsoft’s reported Income Statement to better represent its true operating costs and the investments required to support the company’s growth:</p><ul style=\"\"><li><p>Research &amp; Development (R&amp;D) is a long-term investment, so I have turned the reported R&amp;D expense into a capital item with a 3-year and added an amortization expense to the restated Income Statement.</p></li><li><p>Branding is also a long-term investment, so I have assumed that 20% of the Marketing expense is a capital item with a 3-year life.</p></li></ul><p>My adjustments have increased Microsoft’s reported operating margins by approximately 3% (note that the earlier charts showing divisional margins were as reported by Microsoft with no adjustments).</p><p>Aggregate revenues had been growing strongly for several years and the TTM revenue growth peaked at 20% during Q2 FY2021. More recently revenue growth has been slowly declining and was 8% at the end of Q1 FY2024.</p><p>Margins have also increased significantly during this period and at Q4 FY2023 margins reached their highest levels at 45.3%.</p><p>Typical technology sector reported margins are 8% but this reflects the broad range of companies in the sector. I estimate that Microsoft’s margins are in the sector’s highest decile.</p><h3 id=\"id_3255119127\">Cash Flows</h3><p>The following table summarizes Microsoft’s cash flows for the last 10 years:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e2fc10bd943a617fa56c1d206e9c3fca\" tg-width=\"640\" tg-height=\"231\"/></p><p>Author&#39;s compilation using data from Microsoft&#39;s 10-K filings.</p><p>This table helps to explain the approach that I have taken to restating Microsoft’s Income Statement.</p><p>Over the last 10 years $208 billion of investments were expended through the Income Statement and $216 billion was spent on “traditional” reinvestment (capex and acquisitions).</p><p>Microsoft’s level of expensed investment as a percentage of revenues has been reasonably steady for the last 10 years at between 12% to 14%.</p><p>Microsoft is a spectacular generator of free cash flow. By my analysis, there are very few companies that generate more free cash flow per unit of revenue.</p><p>A high-level summary of Microsoft’s cash flows for the last 10 years is:</p><ul style=\"\"><li><p>The business generated adjusted operating cash flows of $753 billion.</p></li><li><p>It reinvested $328 billion back into the business.</p></li><li><p>Additional debt of $30 billion was taken on.</p></li><li><p>A total of $323 billion was returned to shareholders in a combination of dividends and share-buybacks.</p></li></ul><p>The dividend has increased every year since FY2004, and based on the current cash flows I see no reason why that trend won’t continue into the foreseeable future.</p><h3 id=\"id_2662778591\">Capital Structure</h3><p>The following chart shows the history of Microsoft’s capital structure over the last 10 years:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f397ad6cb97d43b98756d91c674f33ec\" tg-width=\"588\" tg-height=\"339\"/></p><p>Author&#39;s compilation using data from Microsoft&#39;s 10-K filings.</p><p>Microsoft’s debt ratio is currently 3% and the sector’s median ratio is 4%.</p><p>Interestingly since FY2017, Microsoft has been reducing its debt load (which causes its cost of capital to increase). The company appears to have been reluctant to veer from the typical technology sector’s debt ratio even though its cash flows could easily support higher debt levels.</p><h3 id=\"id_3123194480\">Return on Invested Capital</h3><p>The following chart shows the history of Microsoft’s return on invested capital over the last 10 years:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/35e03a742acf3c4744ced7ab594171fa\" tg-width=\"590\" tg-height=\"345\"/></p><p>Author&#39;s compilation using data from Microsoft&#39;s 10-K filings.</p><p>Readers should note that my calculated return on invested capital (ROIC) will be lower than that reported because of the adjustments that I made to the Income Statement to account for the expensed investments.</p><p>Microsoft’s ROIC has been reasonably stable and is excellent. The technology sector’s ROIC has a wide range of values because of the diversity of the companies within the sector (from profitless start-ups to extremely profitable companies). The sector’s median ROIC is currently 16%.</p><h2 id=\"id_2941363825\">My Investment Thesis for Microsoft</h2><p>At the time of writing this report, the FY2024 2nd quarter has finished, but Microsoft is not due to publish their updated financial statements for another 2 weeks.</p><p>At the end of Q1, Microsoft’s trailing 12-month (TTM) revenues were $218,310 M (7.5% higher than the prior year) and the TTM operating margin is still rising.</p><p>The current consensus revenue forecast for FY2024 is $243,310 M and it is projected that FY2025 revenues will be $277,470 M. This equates to a 14% annualized growth rate.</p><p>The current macroeconomic signals for the U.S. are mixed. The bond market is forecasting significantly lower inflation and lower interest rates for FY2024. In my opinion this appears to be indicating a slowing economy.</p><p>My scenario for Microsoft is:</p><h3 id=\"id_209779251\">Growth Story</h3><p>The optimism for Microsoft’s future is associated with its developments in the Generative AI space. I believe that Microsoft’s Intelligent Cloud division can comfortably grow revenues at 20% per year for the next 6 years (slightly above the predicted market cadence due to its superior product offering).</p><p>Similarly, I think that the Productivity &amp; Business Processes Division can continue to grow revenues by 15% per year for the next 6 years. The subscription revenues are very sticky and unless there is a major long-term slump in employment, I see little reason for this division not to be able grow volumes and prices into the future.</p><p>The Personal Computing division is more problematic than the others. Revenues will get a near-term boost from the recent Activision acquisition, but over the long term I am forecasting divisional revenue growth of 5% per year for the next 6 years.</p><h3 id=\"id_3393575634\">Margin Story</h3><p>Microsoft’s operating margins are already very high relative to its sector competitors. I see no reasons why this should change over the forecast period. Remember that I use an adjusted operating margin which is up to 3% higher than the reported margin.</p><p>The biggest unknown in this valuation is where the long-term operating margin for the Intelligent Cloud division will finish. Management has been cautioning that near-term margins may decline during the product development stage. Over the longer term, I suspect that margins for this division may remain at their current levels or at best slightly higher as a result of market competition.</p><p>The Productivity &amp; Business Processes division’s margins should continue to increase as the product suite continues to mature and requires less product development.</p><p>I am forecasting that the Personal Computing division’s margins will remain relatively flat over the forecast period.</p><h3 id=\"id_1105297166\">Growth Efficiency</h3><p>Microsoft’s total reinvestment back into its business has doubled over the last 5 years, and there appear to be indications that recent levels may need to be maintained for some time into the future to support the product development associated with Generative AI.</p><p>I measure capital efficiency for growing companies as revenue / invested capital. Microsoft’s historical ratio was for many years around 1.5 (every $1 of investment generated $1.5 in revenues). The sector&#39;s global median ratio is 1.2 (less revenues are generated per unit of investment).</p><p>Over the last couple of years, Microsoft&#39;s ratio has been trending lower towards the sector&#39;s global median, and for my scenario I have used the global ratio in order to reflect the higher level of reinvestment required to support the expected growth.</p><h3 id=\"id_2049827810\">Risk Story</h3><p>I have created a very optimistic scenario for Microsoft.</p><p>Readers should be aware that historically Microsoft’s revenues and margins appear to have been reasonably sensitive to the strength of the global economy and particularly the level of unemployment.</p><p>If the global economy slows down and enters a significant recession over the coming months, then I would expect that Microsoft’s business would also be impacted.</p><p>Microsoft is entering the next part of the economic cycle with a very strong balance sheet and a debt ratio lower than the sector average. For these reasons, I estimate that Microsoft’s current cost of capital is around the sector median, which due to its low debt levels is probably higher than the typical U.S.-listed company.</p><p>Over the long term, I have forecast that Microsoft’s cost of capital will decline to the median level of all U.S.-listed companies as management accepts that a mature company can increase its debt ratio.</p><h3 id=\"id_2624112462\">Competitive Advantages</h3><p>Microsoft’s operating model is clearly superior to its sector competitors, as demonstrated by its historically high revenue growth, high operating margins, and high returns on capital.</p><p>There is strong evidence to suggest that Microsoft has a sustainable competitive advantage which will allow its terminal ROIC to remain above its cost of capital at around 12%.</p><h2 id=\"id_2826494107\">Valuation Assumptions</h2><p>The following table summarizes the key inputs into the valuation:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/13ab6b406a446a06940b8a14889edace\" tg-width=\"440\" tg-height=\"292\"/></p><p>Author&#39;s valuation model assumptions.</p><p>A couple of technical issues to be noted with the valuation inputs:</p><ul style=\"\"><li><p>I have assumed that Microsoft’s effective tax rate progressively increases over time to the U.S. marginal tax rate.</p></li><li><p>I have converted the book value of equity investments on Microsoft’s balance sheet to an estimated market value by multiplying by the sector’s current median price to book ratio (3.98). The key component here is the valuation of Microsoft’s 49% holding in OpenAI.</p></li></ul><h2 id=\"id_1418652864\">Discounted Cash Flow Output</h2><p>The output from DCF model is in $USD:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b4511c7bb3144825cba1360919c9d60\" tg-width=\"640\" tg-height=\"223\"/></p><p>Author&#39;s DCF model output.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/74ad2ea1056d7b228c17188b7f6e4b18\" tg-width=\"640\" tg-height=\"245\"/></p><p>Author&#39;s DCF model output.</p><p>I also developed a Monte Carlo simulation for the valuation based on the range of inputs for the valuation. The output of the simulation was developed from 100,000 iterations:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c4ef3ff8403f78feaa4e46a846a2067\" tg-width=\"640\" tg-height=\"411\"/></p><p>Author&#39;s DCF model Monte Carlo simulation output.</p><p>The simulation can help us understand the major sources of sensitivity in the valuation. In my scenario, the valuation is very sensitive to the expected revenue growth and to a lesser degree the operating margin. These two inputs represent the greatest source of risk in the valuation.</p><p><em>The simulation indicates that at a discount rate of 8.2%, the intrinsic value for Microsoft’s equity per share is between $276 and $472 with an expected value of $361.</em></p><p><strong>Based on my scenario, Microsoft is currently priced within its fair value range.</strong></p><h2 id=\"id_1074333049\">Final Recommendation</h2><p>The report has highlighted that Microsoft Corporation appears prepared to make the appropriate financial investments to ensure that it becomes one of the leading companies in the Generative AI market.</p><p>The company’s leadership apparently is committed to not missing out on the technology transition that AI may bring to all aspects of the commercial and social environment. This commitment is demonstrated by the quantum of capital being reinvested back into the business.</p><p>My call is that Microsoft is currently a <strong>HOLD.</strong></p><p><strong>What are the investment risks going forward?</strong></p><p>The valuation has highlighted that the major influence on the company’s intrinsic value is the projected revenue growth rate.</p><p>A large component of future growth is the successful uptake of the generative AI developments. If the AI market failed to achieve its expected market size or Microsoft failed to maintain its Cloud market share, then the stock price could take a sizable hit.</p><p>The other risk which should not be ignored is the impact that a potential global recession may have on the near term for Microsoft’s existing business. Microsoft’s almost annuity-like subscription business would be significantly impacted if global corporate employment levels were significantly lowered.</p><h3 id=\"id_3989397489\">What should existing shareholders be doing?</h3><p>Microsoft’s shareholders have been extremely well rewarded, as shown in the following table:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df4524bbbf8421321107b2c694e30f2a\" tg-width=\"504\" tg-height=\"120\"/></p><p>Author&#39;s compilation using data from Yahoo Finance.</p><p>There is a possibility that long-term holders of the stock may be very overweight Microsoft within their portfolio because of how well the stock has performed.</p><p>The current price action for the company remains reasonably bullish. At some point, it seems inevitable the current rising trend will break down. At that point, I recommend that holders:</p><ul style=\"\"><li><p>Ensure that their allocation is not overweight.</p></li><li><p>Make the appropriate adjustments to bring the holding back to a maximum of the target allocation.</p></li><li><p>Do not add to your holding at these prices.</p></li><li><p>If the stock has a significant pull-back then I would be buying it aggressively.</p></li></ul></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>Microsoft: Is AI Growth Priced In?</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\">\nMicrosoft: Is AI Growth Priced In?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-20 18:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4663853-microsoft-is-ai-growth-priced-in><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microsoft Corporation has invested heavily in research and development and acquisitions, totaling almost $172 billion and $75 billion respectively over the past decade.The company believes that ...</p>\n\n<a href=\"https://seekingalpha.com/article/4663853-microsoft-is-ai-growth-priced-in\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4663853-microsoft-is-ai-growth-priced-in","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2404653175","content_text":"Microsoft Corporation has invested heavily in research and development and acquisitions, totaling almost $172 billion and $75 billion respectively over the past decade.The company believes that generative AI will have a transformative impact on business productivity and is positioning itself to be a leader in this field.Microsoft's strategic priorities include maintaining its position as the top commercial cloud provider, leading the AI platform wave, and aligning its cost structure with revenue growth.My scenario for Microsoft is for high revenue growth, high operating margins and high reinvestment requirements which are all contributing to an intrinsic value similar to the current market price.Chris HondrosBusiness Overviewicrosoft Corporation started life as a technology leader. It has grown its revenues by developing technologies in-house through investments in research and development and by the acquisition of other innovative companies.Over the last 10 years, Microsoft has invested almost $172 billion in research and development (13% of revenues) and $75 billion in acquisitions (almost 6% of revenues).New Age of Generative AIMicrosoft apparently believes that the next generation of Artificial Intelligence (AI) will reshape every software category and every business. This is potentially a fundamental technology shift. Over the years, the technology sector has undergone a series of step-change transitions, such as from PC / Server to Web / Internet and to Cloud / Mobile.Generative AI has the potential to fundamentally transform productivity for every individual, organization, and industry.There are suggestions that Microsoft was slow to embrace the changes that took place in historical technology sector transitions - the step changes that took place in search and in mobile.Current management has indicated it wants to be at the front of the AI technology transition, and as a result the company appears to be going all out to ensure that it becomes a Generative AI leader.Strategic PrioritiesMicrosoft has identified 3 priorities:Maintain its lead as the top commercial cloud provider.Invest to lead the AI platform wave across the Microsoft solution areas.Drive operating leverage by aligning its cost structure with revenue growth.Microsoft has used its financial size to drive its technology leadership, and this is demonstrated by the following chart which shows the historical level of annual investment that the company has made to support its strategy:Author's compilaton using data from Microsoft's 10-K filings.OpenAI InvestmentThe key to Microsoft’s AI strategy is its investment in OpenAI.Open AI's founders formed the company in 2015 as a not for profit AI research company. As the company expanded its research initiatives, it required more capital than many of its founders were willing to provide. In FY2019, Microsoft made its initial investment of $1 Billion in OpenAI.OpenAI is not a public company and, therefore, it is not obligated to make any public disclosures about any changes in its shareholders' holdings.There have been media reports that Microsoft made a further investment in April FY2023 and that its total investment may now be about $13 Billion. It is rumored that this investment gave Microsoft a 49% shareholding in OpenAI but it is not entitled to board representation.According to OpenAI's web site, it has recently changed its corporate status from a not-for-profit company to a “capped-profit” model where shareholders have agreed to a defined exit multiple for their investments.Microsoft claims that its OpenAI investment benefits are:A perpetual right to use the OpenAI intellectual property.The ability to independently commercialize the resulting AI technologies.To be the exclusive cloud provider to OpenAI.Microsoft discloses very little about its OpenAI investment in its 10-K filings. There is no disclosed balance sheet entry for the investment, and there are no cash flow entries showing annual payments (additional capital) to OpenAI.I am surprised that more questions are not asked by the investment community, particularly in order to better understand whether the OpenAI investment is material to Microsoft's valuation.Microsoft’s Operating DivisionsMicrosoft's CEO, Satya Nadella, many years ago defined Microsoft as a technology company aiming to build the best-in-class platforms and productivity services for a mobile-first, cloud-first world. The current divisional structure reflects that ambition and has been in place since FY2016 (with financials going back to FY2014):Productivity & Business Processes DivisionThis division comprises a broad portfolio of productivity, communication, and information services that span devices and platforms. The cornerstone product suites of this division are Office 365, Microsoft 365, LinkedIn, and Dynamics.The division’s historical revenues and reported operating margins are:Author's compilation using data from Microsoft's 10-K filings.The vast bulk of the division’s revenues come from subscriptions. The chart shows that the division is exhibiting very steady revenue growth and was not impacted by the COVID pandemic. The trailing 12-month (TTM) growth rate peaked during Q3 FY2022 and had been declining until recently. The TTM growth rate appears now to be steady at around 10%.Intelligent CloudThis division predominantly comprises server products and cloud services such as Azure, SQL server, Windows server, enterprise services and some of the recent acquisitions Nuance and GitHub.The division’s historical revenues and reported operating margins are:Author's compilation using data from Microsoft's 10-K filings.This division will be Microsoft’s future growth engine. The division’s 5-year revenue compound annual growth rate (CAGR) at the end of Q1 FY2024 was 22%, but it should be noted that the current TTM growth rate is 17%. The division’s TTM growth rate peaked at the end of Q3 FY2022 and has been declining each quarter ever since.At the end of FY2022 the size of the cloud infrastructure services market has been estimated by industry consulting company GlobeNewsWire to be $113 billion. They estimate that this market will grow at 18% per year for the next 10 years.Statista estimates that at the end of FY2022, Microsoft’s market share in the cloud infrastructure market was 23% with the market leader being Amazon AWS with 32%.Personal Computing DivisionThis division predominantly comprises revenues from Windows’ product subscriptions, sales of hardware devices, sales of gaming consoles and game subscriptions, and the sales of digital advertising and search engines.The division’s historical dividends and margins are:Author's compilation using data from Microsoft's 10-K filings.The chart indicates that this is Microsoft’s most volatile division. All the product groups in the division are volatile but particularly devices. The division’s long-term annual revenue growth rate has been around 4%.Microsoft’s Historical Financial PerformanceRevenues and Adjusted Operating MarginsThe following chart shows Microsoft’s reported aggregated sales and adjusted operating margins for the last 10 years:Author's compilation using data from Microsoft's 10-K filings.Readers should be aware that I have made 2 adjustments to Microsoft’s reported Income Statement to better represent its true operating costs and the investments required to support the company’s growth:Research & Development (R&D) is a long-term investment, so I have turned the reported R&D expense into a capital item with a 3-year and added an amortization expense to the restated Income Statement.Branding is also a long-term investment, so I have assumed that 20% of the Marketing expense is a capital item with a 3-year life.My adjustments have increased Microsoft’s reported operating margins by approximately 3% (note that the earlier charts showing divisional margins were as reported by Microsoft with no adjustments).Aggregate revenues had been growing strongly for several years and the TTM revenue growth peaked at 20% during Q2 FY2021. More recently revenue growth has been slowly declining and was 8% at the end of Q1 FY2024.Margins have also increased significantly during this period and at Q4 FY2023 margins reached their highest levels at 45.3%.Typical technology sector reported margins are 8% but this reflects the broad range of companies in the sector. I estimate that Microsoft’s margins are in the sector’s highest decile.Cash FlowsThe following table summarizes Microsoft’s cash flows for the last 10 years:Author's compilation using data from Microsoft's 10-K filings.This table helps to explain the approach that I have taken to restating Microsoft’s Income Statement.Over the last 10 years $208 billion of investments were expended through the Income Statement and $216 billion was spent on “traditional” reinvestment (capex and acquisitions).Microsoft’s level of expensed investment as a percentage of revenues has been reasonably steady for the last 10 years at between 12% to 14%.Microsoft is a spectacular generator of free cash flow. By my analysis, there are very few companies that generate more free cash flow per unit of revenue.A high-level summary of Microsoft’s cash flows for the last 10 years is:The business generated adjusted operating cash flows of $753 billion.It reinvested $328 billion back into the business.Additional debt of $30 billion was taken on.A total of $323 billion was returned to shareholders in a combination of dividends and share-buybacks.The dividend has increased every year since FY2004, and based on the current cash flows I see no reason why that trend won’t continue into the foreseeable future.Capital StructureThe following chart shows the history of Microsoft’s capital structure over the last 10 years:Author's compilation using data from Microsoft's 10-K filings.Microsoft’s debt ratio is currently 3% and the sector’s median ratio is 4%.Interestingly since FY2017, Microsoft has been reducing its debt load (which causes its cost of capital to increase). The company appears to have been reluctant to veer from the typical technology sector’s debt ratio even though its cash flows could easily support higher debt levels.Return on Invested CapitalThe following chart shows the history of Microsoft’s return on invested capital over the last 10 years:Author's compilation using data from Microsoft's 10-K filings.Readers should note that my calculated return on invested capital (ROIC) will be lower than that reported because of the adjustments that I made to the Income Statement to account for the expensed investments.Microsoft’s ROIC has been reasonably stable and is excellent. The technology sector’s ROIC has a wide range of values because of the diversity of the companies within the sector (from profitless start-ups to extremely profitable companies). The sector’s median ROIC is currently 16%.My Investment Thesis for MicrosoftAt the time of writing this report, the FY2024 2nd quarter has finished, but Microsoft is not due to publish their updated financial statements for another 2 weeks.At the end of Q1, Microsoft’s trailing 12-month (TTM) revenues were $218,310 M (7.5% higher than the prior year) and the TTM operating margin is still rising.The current consensus revenue forecast for FY2024 is $243,310 M and it is projected that FY2025 revenues will be $277,470 M. This equates to a 14% annualized growth rate.The current macroeconomic signals for the U.S. are mixed. The bond market is forecasting significantly lower inflation and lower interest rates for FY2024. In my opinion this appears to be indicating a slowing economy.My scenario for Microsoft is:Growth StoryThe optimism for Microsoft’s future is associated with its developments in the Generative AI space. I believe that Microsoft’s Intelligent Cloud division can comfortably grow revenues at 20% per year for the next 6 years (slightly above the predicted market cadence due to its superior product offering).Similarly, I think that the Productivity & Business Processes Division can continue to grow revenues by 15% per year for the next 6 years. The subscription revenues are very sticky and unless there is a major long-term slump in employment, I see little reason for this division not to be able grow volumes and prices into the future.The Personal Computing division is more problematic than the others. Revenues will get a near-term boost from the recent Activision acquisition, but over the long term I am forecasting divisional revenue growth of 5% per year for the next 6 years.Margin StoryMicrosoft’s operating margins are already very high relative to its sector competitors. I see no reasons why this should change over the forecast period. Remember that I use an adjusted operating margin which is up to 3% higher than the reported margin.The biggest unknown in this valuation is where the long-term operating margin for the Intelligent Cloud division will finish. Management has been cautioning that near-term margins may decline during the product development stage. Over the longer term, I suspect that margins for this division may remain at their current levels or at best slightly higher as a result of market competition.The Productivity & Business Processes division’s margins should continue to increase as the product suite continues to mature and requires less product development.I am forecasting that the Personal Computing division’s margins will remain relatively flat over the forecast period.Growth EfficiencyMicrosoft’s total reinvestment back into its business has doubled over the last 5 years, and there appear to be indications that recent levels may need to be maintained for some time into the future to support the product development associated with Generative AI.I measure capital efficiency for growing companies as revenue / invested capital. Microsoft’s historical ratio was for many years around 1.5 (every $1 of investment generated $1.5 in revenues). The sector's global median ratio is 1.2 (less revenues are generated per unit of investment).Over the last couple of years, Microsoft's ratio has been trending lower towards the sector's global median, and for my scenario I have used the global ratio in order to reflect the higher level of reinvestment required to support the expected growth.Risk StoryI have created a very optimistic scenario for Microsoft.Readers should be aware that historically Microsoft’s revenues and margins appear to have been reasonably sensitive to the strength of the global economy and particularly the level of unemployment.If the global economy slows down and enters a significant recession over the coming months, then I would expect that Microsoft’s business would also be impacted.Microsoft is entering the next part of the economic cycle with a very strong balance sheet and a debt ratio lower than the sector average. For these reasons, I estimate that Microsoft’s current cost of capital is around the sector median, which due to its low debt levels is probably higher than the typical U.S.-listed company.Over the long term, I have forecast that Microsoft’s cost of capital will decline to the median level of all U.S.-listed companies as management accepts that a mature company can increase its debt ratio.Competitive AdvantagesMicrosoft’s operating model is clearly superior to its sector competitors, as demonstrated by its historically high revenue growth, high operating margins, and high returns on capital.There is strong evidence to suggest that Microsoft has a sustainable competitive advantage which will allow its terminal ROIC to remain above its cost of capital at around 12%.Valuation AssumptionsThe following table summarizes the key inputs into the valuation:Author's valuation model assumptions.A couple of technical issues to be noted with the valuation inputs:I have assumed that Microsoft’s effective tax rate progressively increases over time to the U.S. marginal tax rate.I have converted the book value of equity investments on Microsoft’s balance sheet to an estimated market value by multiplying by the sector’s current median price to book ratio (3.98). The key component here is the valuation of Microsoft’s 49% holding in OpenAI.Discounted Cash Flow OutputThe output from DCF model is in $USD:Author's DCF model output.Author's DCF model output.I also developed a Monte Carlo simulation for the valuation based on the range of inputs for the valuation. The output of the simulation was developed from 100,000 iterations:Author's DCF model Monte Carlo simulation output.The simulation can help us understand the major sources of sensitivity in the valuation. In my scenario, the valuation is very sensitive to the expected revenue growth and to a lesser degree the operating margin. These two inputs represent the greatest source of risk in the valuation.The simulation indicates that at a discount rate of 8.2%, the intrinsic value for Microsoft’s equity per share is between $276 and $472 with an expected value of $361.Based on my scenario, Microsoft is currently priced within its fair value range.Final RecommendationThe report has highlighted that Microsoft Corporation appears prepared to make the appropriate financial investments to ensure that it becomes one of the leading companies in the Generative AI market.The company’s leadership apparently is committed to not missing out on the technology transition that AI may bring to all aspects of the commercial and social environment. This commitment is demonstrated by the quantum of capital being reinvested back into the business.My call is that Microsoft is currently a HOLD.What are the investment risks going forward?The valuation has highlighted that the major influence on the company’s intrinsic value is the projected revenue growth rate.A large component of future growth is the successful uptake of the generative AI developments. If the AI market failed to achieve its expected market size or Microsoft failed to maintain its Cloud market share, then the stock price could take a sizable hit.The other risk which should not be ignored is the impact that a potential global recession may have on the near term for Microsoft’s existing business. Microsoft’s almost annuity-like subscription business would be significantly impacted if global corporate employment levels were significantly lowered.What should existing shareholders be doing?Microsoft’s shareholders have been extremely well rewarded, as shown in the following table:Author's compilation using data from Yahoo Finance.There is a possibility that long-term holders of the stock may be very overweight Microsoft within their portfolio because of how well the stock has performed.The current price action for the company remains reasonably bullish. At some point, it seems inevitable the current rising trend will break down. At that point, I recommend that holders:Ensure that their allocation is not overweight.Make the appropriate adjustments to bring the holding back to a maximum of the target allocation.Do not add to your holding at these prices.If the stock has a significant pull-back then I would be buying it aggressively.","news_type":1},"isVote":1,"tweetType":1,"viewCount":247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":265378234507280,"gmtCreate":1705813629530,"gmtModify":1705813634733,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4147642889264222","authorIdStr":"4147642889264222"},"themes":[],"htmlText":"👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼","listText":"👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼","text":"👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/265378234507280","repostId":"2405625733","repostType":2,"repost":{"id":"2405625733","pubTimestamp":1705813158,"share":"https://ttm.financial/m/news/2405625733?lang=&edition=fundamental","pubTime":"2024-01-21 12:59","market":"us","language":"en","title":"History Suggests the Nasdaq Will Surge in 2024: My Top 7 AI Growth Stocks to Buy Before It Does","url":"https://stock-news.laohu8.com/highlight/detail?id=2405625733","media":"Motley Fool","summary":"AI went viral last year, helping fuel the market's recovery. There could be more to come.","content":"<html><head></head><body><ul style=\"\"><li><p>So far, the tech-heavy Nasdaq Composite index has always followed years in which it rebounded from a bear market with a second year of strong gains.</p></li><li><p>Generative AI burst onto the scene last year, and it&#39;s still making waves.</p></li><li><p>Each of these companies is positioned to profit from the AI revolution.</p></li></ul><p>The macroeconomic challenges of the past couple of years are beginning to fade, and investors are looking to the future. After the <strong>Nasdaq Composite</strong> plunged in 2022, suffering its worst performance since 2008, the index enjoyed a robust recovery in 2023 and gained 43%.</p><p>There could be more to come. Since the Nasdaq Composite began trading in 1972, in every year following a market recovery, the tech-heavy index rose again -- and those second-year gains averaged 19%. The economy is the wildcard here, though, and it could yet stumble in 2024. But historical patterns suggest that this could be a good year for investors.</p><p>Recent developments in the field of artificial intelligence (AI) helped fuel the market&#39;s rise last year and will likely drive further gains in 2024. While estimates vary wildly, generative AI is expected to add between $2.6 trillion and $4.4 trillion to the global economy annually over the next few years, according to a study by McKinsey Global Institute. This will result in windfalls for many companies in the field.</p><p>Here are my top seven AI stocks to buy for 2024 before the Nasdaq reaches new heights.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79c3390194c77b45296bfec5e4ed9dec\" tg-width=\"700\" tg-height=\"393\"/></p><p>Image source: Getty Images.</p><h2 id=\"id_4033170904\">1. Nvidia</h2><p><strong>Nvidia</strong> is the poster child for AI innovation. Its graphics processing units (GPUs) are already the industry standard chips in a growing number of AI use cases -- including data centers, cloud computing, and machine learning -- and it quickly adapted its processors for the needs of generative AI. Though it has been ramping up production, the AI chip shortage is expected to last until 2025 as demand keeps growing. The specter of competition looms, but thus far, Nvidia has stayed ahead of the competition by spending heavily on research and development.</p><p>The company&#39;s triple-digit percentage year-over-year growth is expected to continue into 2024. Despite its prospects, Nvidia remains remarkably cheap, with a price/earnings-to-growth ratio (PEG ratio) of less than 1 -- the standard for an undervalued stock.</p><h2 id=\"id_3849998325\">2. Microsoft</h2><p><strong>Microsoft</strong> helped jump-start the AI boom when it invested $13 billion in ChatGPT creator OpenAI, shining a spotlight on generative AI. The company&#39;s tech peers jumped on the bandwagon, and the AI gold rush began. Microsoft seized the advantage, integrating OpenAI&#39;s technology into its Bing search and a broad cross-section of its cloud-based offerings.</p><p>Its productivity-enhancing AI assistant, Copilot, could generate as much as $100 billion in incremental revenue by 2027, according to some analysts, though estimates vary. This and other AI tools already caused Azure Cloud&#39;s growth to outpace rivals in Q3, and Microsoft attributed 3 percentage points of that growth to AI.</p><p>The stock is selling for 35 times forward earnings, a slight premium to the price-to-earnings ratio of 26 for the <strong>S&amp;P 500</strong>. Even so, that looks attractive given Microsoft&#39;s growth potential.</p><h2 id=\"id_1591950487\">3. Alphabet</h2><p><strong>Alphabet</strong> has long used AI to improve its search results and the relevance of its digital advertising. The company was quick to recognize the potential of generative AI, imbuing many of its Google and Android products with increased functionality and announcing plans to add new AI tools to its search product. Furthermore, as the world&#39;s third-largest cloud infrastructure provider, Google Cloud is suited to offer AI systems to its customers.</p><p>A collaboration between Google and Alphabet&#39;s AI research lab, DeepMind, gave birth to Gemini, which the company bills as its &#34;largest and most capable AI model.&#34; Google Cloud&#39;s Vertex AI offers 130 foundational models that help users build and deploy generative AI apps quickly.</p><p>Add to that the ongoing rebound in its digital advertising business, and Alphabet&#39;s valuation of 27 times earnings seems like a steal.</p><h2 id=\"id_594940721\">4. Amazon</h2><p>There&#39;s a popular narrative that <strong>Amazon</strong> was late to recognize the opportunities in AI, but the company&#39;s history tells a different story. Amazon continues to deploy AI to surface relevant products to shoppers, recommend viewing choices on Prime Video, schedule e-commerce deliveries, and predict inventory levels, among other uses. Most recently, Amazon began testing an AI tool designed to answer shoppers&#39; questions about products.</p><p>Amazon Web Services (AWS) stocks all the most popular generative AI models for its cloud customers on Bedrock AI, and is also deploying its Inferentia and Trainium purpose-built AI chips for accelerating AI on its infrastructure.</p><p>Now that inflation has slowed markedly, more consumers and businesses are patronizing Amazon, and AI will help boost its fortunes.</p><p>Image source: Getty Images.</p><h2 id=\"id_2955690906\">5. <a href=\"https://laohu8.com/S/META\">Meta Platforms</a></h2><p><strong>Meta Platforms</strong> also has a long and distinguished history of using AI to its advantage. From identifying and tagging people in photos to surfacing relevant content on its social media platforms, Meta has never been shy about deploying AI systems.</p><p>Unlike some of its big tech rivals, Meta doesn&#39;t have a cloud infrastructure service to peddle its AI wares, but it quickly developed a workaround. After developing its open-source Llama AI model, Meta made it available on all the major cloud services -- for a price. Furthermore, Meta offers a suite of free AI-powered tools to help advertisers succeed.</p><p>Improving economic conditions will no doubt boost its digital advertising business. And with the stock trading at just 22 times forward earnings, Meta is inexpensive relative to its opportunity.</p><h2 id=\"id_4031214789\">6. Palantir Technologies</h2><p><strong>Palantir Technologies</strong> has two decades of experience building AI-powered data analytics, and was ready to meet the challenge when AI went mainstream. In just months, the company added generative AI models to its portfolio, layering these atop its data analytics tools. The launch of the Palantir Artificial Intelligence Platform (AIP) has generated a lot of excitement. &#34;Demand for AIP is unlike anything we have seen in the past 20 years,&#34; said management.</p><p>When fears of a downturn were higher, businesses scaled back on most nonessential spending, including data analytics and AI services, but now, demand for those services is rebounding, particularly in relation to generative AI.</p><p>Looking ahead one year, Palantir sports a PEG ratio of less than 1, which helps illustrate how cheap the stock really is.</p><h2 id=\"id_3043529705\">7. Tesla</h2><p><strong>Tesla</strong> made a splash by bringing electric vehicles (EVs) into the mainstream. In 2023, its Model Y topped the list of the world&#39;s best-selling cars by a comfortable margin, the first EV to do so. However, the magnitude of its future prosperity will likely be linked to AI. The company&#39;s &#34;full self-drive&#34; system has yet to live up to its name, but success on that front would be a boon to shareholders.</p><p>In Ark Investment Management&#39;s <em>Big Ideas 2023</em> report, the firm estimates that robotaxis could generate $4 trillion in revenue in 2027. With an estimated 2.7 million vehicles on the road collecting data, Tesla could hold an insurmountable technological edge, <em>if</em> it cracks the code on autonomous driving. Some analysts estimate the software is already worth tens of billions of dollars.</p><p>Finally, 6 times forward sales is a pretty reasonable valuation for an industry leader with a treasure trove of data.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>History Suggests the Nasdaq Will Surge in 2024: My Top 7 AI Growth Stocks to Buy Before It Does</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\">\nHistory Suggests the Nasdaq Will Surge in 2024: My Top 7 AI Growth Stocks to Buy Before It Does\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-21 12:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/01/20/history-suggests-the-nasdaq-will-surge-in-2024-my/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>So far, the tech-heavy Nasdaq Composite index has always followed years in which it rebounded from a bear market with a second year of strong gains.Generative AI burst onto the scene last year, and it...</p>\n\n<a href=\"https://www.fool.com/investing/2024/01/20/history-suggests-the-nasdaq-will-surge-in-2024-my/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","PSQ":"纳指反向ETF","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","AI":"C3.ai, Inc.","AIP":"Arteris, Inc.","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","QQQ":"纳指100ETF","BK4577":"网络游戏","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","AMZN":"亚马逊","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","BK4579":"人工智能","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","BK4503":"景林资产持仓","TQQQ":"纳指三倍做多ETF","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4574":"无人驾驶","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4573":"虚拟现实","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","GOOG":"谷歌","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","BK4581":"高盛持仓","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","QID":"纳指两倍做空ETF","BK4504":"桥水持仓","GOOGL":"谷歌A","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","SQQQ":"纳指三倍做空ETF","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","MSFT":"微软","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4592":"伊斯兰概念","QLD":"纳指两倍做多ETF","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","NVDA":"英伟达","PLTR":"Palantir Technologies Inc.","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK4507":"流媒体概念","BK4576":"AR"},"source_url":"https://www.fool.com/investing/2024/01/20/history-suggests-the-nasdaq-will-surge-in-2024-my/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2405625733","content_text":"So far, the tech-heavy Nasdaq Composite index has always followed years in which it rebounded from a bear market with a second year of strong gains.Generative AI burst onto the scene last year, and it's still making waves.Each of these companies is positioned to profit from the AI revolution.The macroeconomic challenges of the past couple of years are beginning to fade, and investors are looking to the future. After the Nasdaq Composite plunged in 2022, suffering its worst performance since 2008, the index enjoyed a robust recovery in 2023 and gained 43%.There could be more to come. Since the Nasdaq Composite began trading in 1972, in every year following a market recovery, the tech-heavy index rose again -- and those second-year gains averaged 19%. The economy is the wildcard here, though, and it could yet stumble in 2024. But historical patterns suggest that this could be a good year for investors.Recent developments in the field of artificial intelligence (AI) helped fuel the market's rise last year and will likely drive further gains in 2024. While estimates vary wildly, generative AI is expected to add between $2.6 trillion and $4.4 trillion to the global economy annually over the next few years, according to a study by McKinsey Global Institute. This will result in windfalls for many companies in the field.Here are my top seven AI stocks to buy for 2024 before the Nasdaq reaches new heights.Image source: Getty Images.1. NvidiaNvidia is the poster child for AI innovation. Its graphics processing units (GPUs) are already the industry standard chips in a growing number of AI use cases -- including data centers, cloud computing, and machine learning -- and it quickly adapted its processors for the needs of generative AI. Though it has been ramping up production, the AI chip shortage is expected to last until 2025 as demand keeps growing. The specter of competition looms, but thus far, Nvidia has stayed ahead of the competition by spending heavily on research and development.The company's triple-digit percentage year-over-year growth is expected to continue into 2024. Despite its prospects, Nvidia remains remarkably cheap, with a price/earnings-to-growth ratio (PEG ratio) of less than 1 -- the standard for an undervalued stock.2. MicrosoftMicrosoft helped jump-start the AI boom when it invested $13 billion in ChatGPT creator OpenAI, shining a spotlight on generative AI. The company's tech peers jumped on the bandwagon, and the AI gold rush began. Microsoft seized the advantage, integrating OpenAI's technology into its Bing search and a broad cross-section of its cloud-based offerings.Its productivity-enhancing AI assistant, Copilot, could generate as much as $100 billion in incremental revenue by 2027, according to some analysts, though estimates vary. This and other AI tools already caused Azure Cloud's growth to outpace rivals in Q3, and Microsoft attributed 3 percentage points of that growth to AI.The stock is selling for 35 times forward earnings, a slight premium to the price-to-earnings ratio of 26 for the S&P 500. Even so, that looks attractive given Microsoft's growth potential.3. AlphabetAlphabet has long used AI to improve its search results and the relevance of its digital advertising. The company was quick to recognize the potential of generative AI, imbuing many of its Google and Android products with increased functionality and announcing plans to add new AI tools to its search product. Furthermore, as the world's third-largest cloud infrastructure provider, Google Cloud is suited to offer AI systems to its customers.A collaboration between Google and Alphabet's AI research lab, DeepMind, gave birth to Gemini, which the company bills as its \"largest and most capable AI model.\" Google Cloud's Vertex AI offers 130 foundational models that help users build and deploy generative AI apps quickly.Add to that the ongoing rebound in its digital advertising business, and Alphabet's valuation of 27 times earnings seems like a steal.4. AmazonThere's a popular narrative that Amazon was late to recognize the opportunities in AI, but the company's history tells a different story. Amazon continues to deploy AI to surface relevant products to shoppers, recommend viewing choices on Prime Video, schedule e-commerce deliveries, and predict inventory levels, among other uses. Most recently, Amazon began testing an AI tool designed to answer shoppers' questions about products.Amazon Web Services (AWS) stocks all the most popular generative AI models for its cloud customers on Bedrock AI, and is also deploying its Inferentia and Trainium purpose-built AI chips for accelerating AI on its infrastructure.Now that inflation has slowed markedly, more consumers and businesses are patronizing Amazon, and AI will help boost its fortunes.Image source: Getty Images.5. Meta PlatformsMeta Platforms also has a long and distinguished history of using AI to its advantage. From identifying and tagging people in photos to surfacing relevant content on its social media platforms, Meta has never been shy about deploying AI systems.Unlike some of its big tech rivals, Meta doesn't have a cloud infrastructure service to peddle its AI wares, but it quickly developed a workaround. After developing its open-source Llama AI model, Meta made it available on all the major cloud services -- for a price. Furthermore, Meta offers a suite of free AI-powered tools to help advertisers succeed.Improving economic conditions will no doubt boost its digital advertising business. And with the stock trading at just 22 times forward earnings, Meta is inexpensive relative to its opportunity.6. Palantir TechnologiesPalantir Technologies has two decades of experience building AI-powered data analytics, and was ready to meet the challenge when AI went mainstream. In just months, the company added generative AI models to its portfolio, layering these atop its data analytics tools. The launch of the Palantir Artificial Intelligence Platform (AIP) has generated a lot of excitement. \"Demand for AIP is unlike anything we have seen in the past 20 years,\" said management.When fears of a downturn were higher, businesses scaled back on most nonessential spending, including data analytics and AI services, but now, demand for those services is rebounding, particularly in relation to generative AI.Looking ahead one year, Palantir sports a PEG ratio of less than 1, which helps illustrate how cheap the stock really is.7. TeslaTesla made a splash by bringing electric vehicles (EVs) into the mainstream. In 2023, its Model Y topped the list of the world's best-selling cars by a comfortable margin, the first EV to do so. However, the magnitude of its future prosperity will likely be linked to AI. The company's \"full self-drive\" system has yet to live up to its name, but success on that front would be a boon to shareholders.In Ark Investment Management's Big Ideas 2023 report, the firm estimates that robotaxis could generate $4 trillion in revenue in 2027. With an estimated 2.7 million vehicles on the road collecting data, Tesla could hold an insurmountable technological edge, if it cracks the code on autonomous driving. Some analysts estimate the software is already worth tens of billions of dollars.Finally, 6 times forward sales is a pretty reasonable valuation for an industry leader with a treasure trove of data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":265377313861688,"gmtCreate":1705813564220,"gmtModify":1705813568761,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4147642889264222","authorIdStr":"4147642889264222"},"themes":[],"htmlText":"How high can Microsoft go? What's fair value?","listText":"How high can Microsoft go? What's fair value?","text":"How high can Microsoft go? 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[Strong] [Strong] [Strong] [Strong] [Strong] [Strong]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237970167746680","isVote":1,"tweetType":1,"viewCount":301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237851108614352,"gmtCreate":1699104863730,"gmtModify":1699104867672,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4147642889264222","idStr":"4147642889264222"},"themes":[],"htmlText":"Theme post","listText":"Theme post","text":"Theme post","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237851108614352","repostId":"234641922486320","repostType":1,"repost":{"id":234641922486320,"gmtCreate":1698311827585,"gmtModify":1698655838090,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"Join Tiger's Halloween Fun! Win Big!","htmlText":"This Halloween, join Tiger for a game and have the chance to win a USD100 stock voucher and AAPL stock!*In the game, each player faces a 60-second challenge, where they must fend off four types of little ghosts👻 while avoiding spiders🕷️ and bombs💣 to collect candy points. These points can unlock incredible rewards, and there are daily surprises waiting for you to unwrap!Don't miss out on the spooktacular fun—come play with Tiger now! Click here to start the game👉 [<a href=\"https://www.tigerbrokers.com.au/activity/market/2023/halloween?adcode=20231017114222\">Trick Or Trade</a>] 👈<a href=\"https://www.tigerbrokers.com.au/activity/forapp/rules/?id=Trickortrade01\" target=\"_blank\">*Promotion T&amp;Cs apply.</a>","listText":"This Halloween, join Tiger for a game and have the chance to win a USD100 stock voucher and AAPL stock!*In the game, each player faces a 60-second challenge, where they must fend off four types of little ghosts👻 while avoiding spiders🕷️ and bombs💣 to collect candy points. These points can unlock incredible rewards, and there are daily surprises waiting for you to unwrap!Don't miss out on the spooktacular fun—come play with Tiger now! Click here to start the game👉 [<a href=\"https://www.tigerbrokers.com.au/activity/market/2023/halloween?adcode=20231017114222\">Trick Or Trade</a>] 👈<a href=\"https://www.tigerbrokers.com.au/activity/forapp/rules/?id=Trickortrade01\" target=\"_blank\">*Promotion T&amp;Cs apply.</a>","text":"This Halloween, join Tiger for a game and have the chance to win a USD100 stock voucher and AAPL stock!*In the game, each player faces a 60-second challenge, where they must fend off four types of little ghosts👻 while avoiding spiders🕷️ and bombs💣 to collect candy points. These points can unlock incredible rewards, and there are daily surprises waiting for you to unwrap!Don't miss out on the spooktacular fun—come play with Tiger now! Click here to start the game👉 [Trick Or Trade] 👈*Promotion T&Cs apply.","images":[{"img":"https://community-static.tradeup.com/news/645dfe9e869e87e7b1a7e0ffade4ebc8","width":"1200","height":"630"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234641922486320","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":275689059061800,"gmtCreate":1708345612808,"gmtModify":1708345617037,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4147642889264222","idStr":"4147642889264222"},"themes":[],"htmlText":"👍🏼","listText":"👍🏼","text":"👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/275689059061800","isVote":1,"tweetType":1,"viewCount":386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":202981069938904,"gmtCreate":1690585203823,"gmtModify":1690585208200,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4147642889264222","idStr":"4147642889264222"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/U/4141429963588842/\">@TigerGpt&nbsp;</a>why has TIGR rallied today?","listText":"<a href=\"https://ttm.financial/U/4141429963588842/\">@TigerGpt&nbsp;</a>why has TIGR rallied today?","text":"@TigerGpt why has TIGR rallied today?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/202981069938904","isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4141429963588842","authorId":"4141429963588842","name":"TigerGPT","avatar":"https://community-static.tradeup.com/news/5b82af1deb17dfa8f94b4741b9ea2738","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4141429963588842","idStr":"4141429963588842"},"content":"Based on the available information, there is no specific news or event that has been identified as the reason for TIGR's rally today. It is possible that the stock movement is due to stock capital flow. However, it is important to note that market conditions can change rapidly, and new information may become available that could provide a reason for the stock's movement. Reference articles: Opendoor among financials gainers, PennyMac Mortgage Investment Trust in losers TigerGPT Maximizes Pre-investment Preparation Efficiencies with New Features in Official Launch","text":"Based on the available information, there is no specific news or event that has been identified as the reason for TIGR's rally today. It is possible that the stock movement is due to stock capital flow. However, it is important to note that market conditions can change rapidly, and new information may become available that could provide a reason for the stock's movement. Reference articles: Opendoor among financials gainers, PennyMac Mortgage Investment Trust in losers TigerGPT Maximizes Pre-investment Preparation Efficiencies with New Features in Official Launch","html":"Based on the available information, there is no specific news or event that has been identified as the reason for TIGR's rally today. It is possible that the stock movement is due to stock capital flow. However, it is important to note that market conditions can change rapidly, and new information may become available that could provide a reason for the stock's movement. Reference articles: Opendoor among financials gainers, PennyMac Mortgage Investment Trust in losers TigerGPT Maximizes Pre-investment Preparation Efficiencies with New Features in Official Launch"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":255423302271056,"gmtCreate":1703372707180,"gmtModify":1703372711874,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4147642889264222","idStr":"4147642889264222"},"themes":[],"htmlText":"Tiger Gold rush 2024","listText":"Tiger Gold rush 2024","text":"Tiger Gold rush 2024","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/255423302271056","isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4143608408357902","authorId":"4143608408357902","name":"Yana kusnadi","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4143608408357902","idStr":"4143608408357902"},"content":"Gold Rush: Every time you pass a gold coin spot, grab shiny gold coins! Cha-ching","text":"Gold Rush: Every time you pass a gold coin spot, grab shiny gold coins! Cha-ching","html":"Gold Rush: Every time you pass a gold coin spot, grab shiny gold coins! Cha-ching"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":248068743680264,"gmtCreate":1701601582977,"gmtModify":1701601587684,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4147642889264222","idStr":"4147642889264222"},"themes":[],"htmlText":"Jinko P/E looks low, should be a buy based on fundamentals&nbsp;","listText":"Jinko P/E looks low, should be a buy based on fundamentals&nbsp;","text":"Jinko P/E looks low, should be a buy based on fundamentals","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248068743680264","isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":248067880181824,"gmtCreate":1701601359442,"gmtModify":1701601363915,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4147642889264222","idStr":"4147642889264222"},"themes":[],"htmlText":"Santa Rally time - finish the year strong 💪","listText":"Santa Rally time - finish the year strong 💪","text":"Santa Rally time - finish the year strong 💪","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248067880181824","isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":210268388163744,"gmtCreate":1692359762814,"gmtModify":1692359768581,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4147642889264222","idStr":"4147642889264222"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/U/4141429963588842/\">@TigerGpt&nbsp;</a>TigerGPT，please compare bhp earnings with rio&nbsp;","listText":"<a href=\"https://ttm.financial/U/4141429963588842/\">@TigerGpt&nbsp;</a>TigerGPT，please compare bhp earnings with rio&nbsp;","text":"@TigerGpt TigerGPT，please compare bhp earnings with rio","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/210268388163744","isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4141429963588842","authorId":"4141429963588842","name":"TigerGPT","avatar":"https://community-static.tradeup.com/news/5b82af1deb17dfa8f94b4741b9ea2738","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4141429963588842","idStr":"4141429963588842"},"content":"Based on the provided information, we can compare the earnings of BHP and Rio Tinto for the latest period (2023Q2).For BHP, the net profit for 2023Q2 was 3.56B USD, which is the same as the value of 2022Q1. The total operating income for 2023Q2 was 12.99B USD, which increased by 4.0% compared to 2022Q1. For Rio Tinto, the net profit for 2023Q2 was 2.47B USD, which is a decrease of 47.0% compared to 2022Q2. The total operating income for 2023Q2 was 13.33B USD, which increased by 3.2% compared to 2022Q2. BHP's net profit remained flat in 2023Q2, however, the total operating income increased significantly by 4.0%. This indicates that BHP has been able to increase its revenue while maintaining its profitability. On the other hand, Rio Tinto's net profit decreased by 47.0% in 2023Q2, while the total operating income increased slightly by 3.2%. This indicates potential issues with the company's cost structure, as the profitability decreased despite the increase in revenue. There is no relevant information provided about the earnings calls transcripts of both companies for the current quarter.There is no relevant information provided about the analysis articles' opinions about the earnings or company's situation of both companies for the current quarter.There is no relevant information provided about the relevant articles of both companies for the current quarter. Based on the above analysis, we can see that BHP's latest earnings report shows an increase in revenue while maintaining profitability, whereas Rio Tinto's latest earnings report shows a significant decrease in profitability despite a slight increase in revenue. However, it is important to conduct further research before making any investment decisions.","text":"Based on the provided information, we can compare the earnings of BHP and Rio Tinto for the latest period (2023Q2).For BHP, the net profit for 2023Q2 was 3.56B USD, which is the same as the value of 2022Q1. The total operating income for 2023Q2 was 12.99B USD, which increased by 4.0% compared to 2022Q1. For Rio Tinto, the net profit for 2023Q2 was 2.47B USD, which is a decrease of 47.0% compared to 2022Q2. The total operating income for 2023Q2 was 13.33B USD, which increased by 3.2% compared to 2022Q2. BHP's net profit remained flat in 2023Q2, however, the total operating income increased significantly by 4.0%. This indicates that BHP has been able to increase its revenue while maintaining its profitability. On the other hand, Rio Tinto's net profit decreased by 47.0% in 2023Q2, while the total operating income increased slightly by 3.2%. This indicates potential issues with the company's cost structure, as the profitability decreased despite the increase in revenue. There is no relevant information provided about the earnings calls transcripts of both companies for the current quarter.There is no relevant information provided about the analysis articles' opinions about the earnings or company's situation of both companies for the current quarter.There is no relevant information provided about the relevant articles of both companies for the current quarter. Based on the above analysis, we can see that BHP's latest earnings report shows an increase in revenue while maintaining profitability, whereas Rio Tinto's latest earnings report shows a significant decrease in profitability despite a slight increase in revenue. However, it is important to conduct further research before making any investment decisions.","html":"Based on the provided information, we can compare the earnings of BHP and Rio Tinto for the latest period (2023Q2).For BHP, the net profit for 2023Q2 was 3.56B USD, which is the same as the value of 2022Q1. The total operating income for 2023Q2 was 12.99B USD, which increased by 4.0% compared to 2022Q1. For Rio Tinto, the net profit for 2023Q2 was 2.47B USD, which is a decrease of 47.0% compared to 2022Q2. The total operating income for 2023Q2 was 13.33B USD, which increased by 3.2% compared to 2022Q2. BHP's net profit remained flat in 2023Q2, however, the total operating income increased significantly by 4.0%. This indicates that BHP has been able to increase its revenue while maintaining its profitability. On the other hand, Rio Tinto's net profit decreased by 47.0% in 2023Q2, while the total operating income increased slightly by 3.2%. This indicates potential issues with the company's cost structure, as the profitability decreased despite the increase in revenue. There is no relevant information provided about the earnings calls transcripts of both companies for the current quarter.There is no relevant information provided about the analysis articles' opinions about the earnings or company's situation of both companies for the current quarter.There is no relevant information provided about the relevant articles of both companies for the current quarter. Based on the above analysis, we can see that BHP's latest earnings report shows an increase in revenue while maintaining profitability, whereas Rio Tinto's latest earnings report shows a significant decrease in profitability despite a slight increase in revenue. However, it is important to conduct further research before making any investment decisions."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":265378234507280,"gmtCreate":1705813629530,"gmtModify":1705813634733,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4147642889264222","idStr":"4147642889264222"},"themes":[],"htmlText":"👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼","listText":"👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼","text":"👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/265378234507280","repostId":"2405625733","repostType":2,"repost":{"id":"2405625733","pubTimestamp":1705813158,"share":"https://ttm.financial/m/news/2405625733?lang=&edition=fundamental","pubTime":"2024-01-21 12:59","market":"us","language":"en","title":"History Suggests the Nasdaq Will Surge in 2024: My Top 7 AI Growth Stocks to Buy Before It Does","url":"https://stock-news.laohu8.com/highlight/detail?id=2405625733","media":"Motley Fool","summary":"AI went viral last year, helping fuel the market's recovery. There could be more to come.","content":"<html><head></head><body><ul style=\"\"><li><p>So far, the tech-heavy Nasdaq Composite index has always followed years in which it rebounded from a bear market with a second year of strong gains.</p></li><li><p>Generative AI burst onto the scene last year, and it&#39;s still making waves.</p></li><li><p>Each of these companies is positioned to profit from the AI revolution.</p></li></ul><p>The macroeconomic challenges of the past couple of years are beginning to fade, and investors are looking to the future. After the <strong>Nasdaq Composite</strong> plunged in 2022, suffering its worst performance since 2008, the index enjoyed a robust recovery in 2023 and gained 43%.</p><p>There could be more to come. Since the Nasdaq Composite began trading in 1972, in every year following a market recovery, the tech-heavy index rose again -- and those second-year gains averaged 19%. The economy is the wildcard here, though, and it could yet stumble in 2024. But historical patterns suggest that this could be a good year for investors.</p><p>Recent developments in the field of artificial intelligence (AI) helped fuel the market&#39;s rise last year and will likely drive further gains in 2024. While estimates vary wildly, generative AI is expected to add between $2.6 trillion and $4.4 trillion to the global economy annually over the next few years, according to a study by McKinsey Global Institute. This will result in windfalls for many companies in the field.</p><p>Here are my top seven AI stocks to buy for 2024 before the Nasdaq reaches new heights.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79c3390194c77b45296bfec5e4ed9dec\" tg-width=\"700\" tg-height=\"393\"/></p><p>Image source: Getty Images.</p><h2 id=\"id_4033170904\">1. Nvidia</h2><p><strong>Nvidia</strong> is the poster child for AI innovation. Its graphics processing units (GPUs) are already the industry standard chips in a growing number of AI use cases -- including data centers, cloud computing, and machine learning -- and it quickly adapted its processors for the needs of generative AI. Though it has been ramping up production, the AI chip shortage is expected to last until 2025 as demand keeps growing. The specter of competition looms, but thus far, Nvidia has stayed ahead of the competition by spending heavily on research and development.</p><p>The company&#39;s triple-digit percentage year-over-year growth is expected to continue into 2024. Despite its prospects, Nvidia remains remarkably cheap, with a price/earnings-to-growth ratio (PEG ratio) of less than 1 -- the standard for an undervalued stock.</p><h2 id=\"id_3849998325\">2. Microsoft</h2><p><strong>Microsoft</strong> helped jump-start the AI boom when it invested $13 billion in ChatGPT creator OpenAI, shining a spotlight on generative AI. The company&#39;s tech peers jumped on the bandwagon, and the AI gold rush began. Microsoft seized the advantage, integrating OpenAI&#39;s technology into its Bing search and a broad cross-section of its cloud-based offerings.</p><p>Its productivity-enhancing AI assistant, Copilot, could generate as much as $100 billion in incremental revenue by 2027, according to some analysts, though estimates vary. This and other AI tools already caused Azure Cloud&#39;s growth to outpace rivals in Q3, and Microsoft attributed 3 percentage points of that growth to AI.</p><p>The stock is selling for 35 times forward earnings, a slight premium to the price-to-earnings ratio of 26 for the <strong>S&amp;P 500</strong>. Even so, that looks attractive given Microsoft&#39;s growth potential.</p><h2 id=\"id_1591950487\">3. Alphabet</h2><p><strong>Alphabet</strong> has long used AI to improve its search results and the relevance of its digital advertising. The company was quick to recognize the potential of generative AI, imbuing many of its Google and Android products with increased functionality and announcing plans to add new AI tools to its search product. Furthermore, as the world&#39;s third-largest cloud infrastructure provider, Google Cloud is suited to offer AI systems to its customers.</p><p>A collaboration between Google and Alphabet&#39;s AI research lab, DeepMind, gave birth to Gemini, which the company bills as its &#34;largest and most capable AI model.&#34; Google Cloud&#39;s Vertex AI offers 130 foundational models that help users build and deploy generative AI apps quickly.</p><p>Add to that the ongoing rebound in its digital advertising business, and Alphabet&#39;s valuation of 27 times earnings seems like a steal.</p><h2 id=\"id_594940721\">4. Amazon</h2><p>There&#39;s a popular narrative that <strong>Amazon</strong> was late to recognize the opportunities in AI, but the company&#39;s history tells a different story. Amazon continues to deploy AI to surface relevant products to shoppers, recommend viewing choices on Prime Video, schedule e-commerce deliveries, and predict inventory levels, among other uses. Most recently, Amazon began testing an AI tool designed to answer shoppers&#39; questions about products.</p><p>Amazon Web Services (AWS) stocks all the most popular generative AI models for its cloud customers on Bedrock AI, and is also deploying its Inferentia and Trainium purpose-built AI chips for accelerating AI on its infrastructure.</p><p>Now that inflation has slowed markedly, more consumers and businesses are patronizing Amazon, and AI will help boost its fortunes.</p><p>Image source: Getty Images.</p><h2 id=\"id_2955690906\">5. <a href=\"https://laohu8.com/S/META\">Meta Platforms</a></h2><p><strong>Meta Platforms</strong> also has a long and distinguished history of using AI to its advantage. From identifying and tagging people in photos to surfacing relevant content on its social media platforms, Meta has never been shy about deploying AI systems.</p><p>Unlike some of its big tech rivals, Meta doesn&#39;t have a cloud infrastructure service to peddle its AI wares, but it quickly developed a workaround. After developing its open-source Llama AI model, Meta made it available on all the major cloud services -- for a price. Furthermore, Meta offers a suite of free AI-powered tools to help advertisers succeed.</p><p>Improving economic conditions will no doubt boost its digital advertising business. And with the stock trading at just 22 times forward earnings, Meta is inexpensive relative to its opportunity.</p><h2 id=\"id_4031214789\">6. Palantir Technologies</h2><p><strong>Palantir Technologies</strong> has two decades of experience building AI-powered data analytics, and was ready to meet the challenge when AI went mainstream. In just months, the company added generative AI models to its portfolio, layering these atop its data analytics tools. The launch of the Palantir Artificial Intelligence Platform (AIP) has generated a lot of excitement. &#34;Demand for AIP is unlike anything we have seen in the past 20 years,&#34; said management.</p><p>When fears of a downturn were higher, businesses scaled back on most nonessential spending, including data analytics and AI services, but now, demand for those services is rebounding, particularly in relation to generative AI.</p><p>Looking ahead one year, Palantir sports a PEG ratio of less than 1, which helps illustrate how cheap the stock really is.</p><h2 id=\"id_3043529705\">7. Tesla</h2><p><strong>Tesla</strong> made a splash by bringing electric vehicles (EVs) into the mainstream. In 2023, its Model Y topped the list of the world&#39;s best-selling cars by a comfortable margin, the first EV to do so. However, the magnitude of its future prosperity will likely be linked to AI. The company&#39;s &#34;full self-drive&#34; system has yet to live up to its name, but success on that front would be a boon to shareholders.</p><p>In Ark Investment Management&#39;s <em>Big Ideas 2023</em> report, the firm estimates that robotaxis could generate $4 trillion in revenue in 2027. With an estimated 2.7 million vehicles on the road collecting data, Tesla could hold an insurmountable technological edge, <em>if</em> it cracks the code on autonomous driving. Some analysts estimate the software is already worth tens of billions of dollars.</p><p>Finally, 6 times forward sales is a pretty reasonable valuation for an industry leader with a treasure trove of data.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>History Suggests the Nasdaq Will Surge in 2024: My Top 7 AI Growth Stocks to Buy Before It Does</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\">\nHistory Suggests the Nasdaq Will Surge in 2024: My Top 7 AI Growth Stocks to Buy Before It Does\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-21 12:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/01/20/history-suggests-the-nasdaq-will-surge-in-2024-my/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>So far, the tech-heavy Nasdaq Composite index has always followed years in which it rebounded from a bear market with a second year of strong gains.Generative AI burst onto the scene last year, and it...</p>\n\n<a href=\"https://www.fool.com/investing/2024/01/20/history-suggests-the-nasdaq-will-surge-in-2024-my/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","PSQ":"纳指反向ETF","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","AI":"C3.ai, Inc.","AIP":"Arteris, Inc.","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","QQQ":"纳指100ETF","BK4577":"网络游戏","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","AMZN":"亚马逊","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","BK4579":"人工智能","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","BK4503":"景林资产持仓","TQQQ":"纳指三倍做多ETF","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4574":"无人驾驶","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4573":"虚拟现实","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","GOOG":"谷歌","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","BK4581":"高盛持仓","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","QID":"纳指两倍做空ETF","BK4504":"桥水持仓","GOOGL":"谷歌A","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","SQQQ":"纳指三倍做空ETF","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","MSFT":"微软","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4592":"伊斯兰概念","QLD":"纳指两倍做多ETF","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","NVDA":"英伟达","PLTR":"Palantir Technologies Inc.","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK4507":"流媒体概念","BK4576":"AR"},"source_url":"https://www.fool.com/investing/2024/01/20/history-suggests-the-nasdaq-will-surge-in-2024-my/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2405625733","content_text":"So far, the tech-heavy Nasdaq Composite index has always followed years in which it rebounded from a bear market with a second year of strong gains.Generative AI burst onto the scene last year, and it's still making waves.Each of these companies is positioned to profit from the AI revolution.The macroeconomic challenges of the past couple of years are beginning to fade, and investors are looking to the future. After the Nasdaq Composite plunged in 2022, suffering its worst performance since 2008, the index enjoyed a robust recovery in 2023 and gained 43%.There could be more to come. Since the Nasdaq Composite began trading in 1972, in every year following a market recovery, the tech-heavy index rose again -- and those second-year gains averaged 19%. The economy is the wildcard here, though, and it could yet stumble in 2024. But historical patterns suggest that this could be a good year for investors.Recent developments in the field of artificial intelligence (AI) helped fuel the market's rise last year and will likely drive further gains in 2024. While estimates vary wildly, generative AI is expected to add between $2.6 trillion and $4.4 trillion to the global economy annually over the next few years, according to a study by McKinsey Global Institute. This will result in windfalls for many companies in the field.Here are my top seven AI stocks to buy for 2024 before the Nasdaq reaches new heights.Image source: Getty Images.1. NvidiaNvidia is the poster child for AI innovation. Its graphics processing units (GPUs) are already the industry standard chips in a growing number of AI use cases -- including data centers, cloud computing, and machine learning -- and it quickly adapted its processors for the needs of generative AI. Though it has been ramping up production, the AI chip shortage is expected to last until 2025 as demand keeps growing. The specter of competition looms, but thus far, Nvidia has stayed ahead of the competition by spending heavily on research and development.The company's triple-digit percentage year-over-year growth is expected to continue into 2024. Despite its prospects, Nvidia remains remarkably cheap, with a price/earnings-to-growth ratio (PEG ratio) of less than 1 -- the standard for an undervalued stock.2. MicrosoftMicrosoft helped jump-start the AI boom when it invested $13 billion in ChatGPT creator OpenAI, shining a spotlight on generative AI. The company's tech peers jumped on the bandwagon, and the AI gold rush began. Microsoft seized the advantage, integrating OpenAI's technology into its Bing search and a broad cross-section of its cloud-based offerings.Its productivity-enhancing AI assistant, Copilot, could generate as much as $100 billion in incremental revenue by 2027, according to some analysts, though estimates vary. This and other AI tools already caused Azure Cloud's growth to outpace rivals in Q3, and Microsoft attributed 3 percentage points of that growth to AI.The stock is selling for 35 times forward earnings, a slight premium to the price-to-earnings ratio of 26 for the S&P 500. Even so, that looks attractive given Microsoft's growth potential.3. AlphabetAlphabet has long used AI to improve its search results and the relevance of its digital advertising. The company was quick to recognize the potential of generative AI, imbuing many of its Google and Android products with increased functionality and announcing plans to add new AI tools to its search product. Furthermore, as the world's third-largest cloud infrastructure provider, Google Cloud is suited to offer AI systems to its customers.A collaboration between Google and Alphabet's AI research lab, DeepMind, gave birth to Gemini, which the company bills as its \"largest and most capable AI model.\" Google Cloud's Vertex AI offers 130 foundational models that help users build and deploy generative AI apps quickly.Add to that the ongoing rebound in its digital advertising business, and Alphabet's valuation of 27 times earnings seems like a steal.4. AmazonThere's a popular narrative that Amazon was late to recognize the opportunities in AI, but the company's history tells a different story. Amazon continues to deploy AI to surface relevant products to shoppers, recommend viewing choices on Prime Video, schedule e-commerce deliveries, and predict inventory levels, among other uses. Most recently, Amazon began testing an AI tool designed to answer shoppers' questions about products.Amazon Web Services (AWS) stocks all the most popular generative AI models for its cloud customers on Bedrock AI, and is also deploying its Inferentia and Trainium purpose-built AI chips for accelerating AI on its infrastructure.Now that inflation has slowed markedly, more consumers and businesses are patronizing Amazon, and AI will help boost its fortunes.Image source: Getty Images.5. Meta PlatformsMeta Platforms also has a long and distinguished history of using AI to its advantage. From identifying and tagging people in photos to surfacing relevant content on its social media platforms, Meta has never been shy about deploying AI systems.Unlike some of its big tech rivals, Meta doesn't have a cloud infrastructure service to peddle its AI wares, but it quickly developed a workaround. After developing its open-source Llama AI model, Meta made it available on all the major cloud services -- for a price. Furthermore, Meta offers a suite of free AI-powered tools to help advertisers succeed.Improving economic conditions will no doubt boost its digital advertising business. And with the stock trading at just 22 times forward earnings, Meta is inexpensive relative to its opportunity.6. Palantir TechnologiesPalantir Technologies has two decades of experience building AI-powered data analytics, and was ready to meet the challenge when AI went mainstream. In just months, the company added generative AI models to its portfolio, layering these atop its data analytics tools. The launch of the Palantir Artificial Intelligence Platform (AIP) has generated a lot of excitement. \"Demand for AIP is unlike anything we have seen in the past 20 years,\" said management.When fears of a downturn were higher, businesses scaled back on most nonessential spending, including data analytics and AI services, but now, demand for those services is rebounding, particularly in relation to generative AI.Looking ahead one year, Palantir sports a PEG ratio of less than 1, which helps illustrate how cheap the stock really is.7. TeslaTesla made a splash by bringing electric vehicles (EVs) into the mainstream. In 2023, its Model Y topped the list of the world's best-selling cars by a comfortable margin, the first EV to do so. However, the magnitude of its future prosperity will likely be linked to AI. The company's \"full self-drive\" system has yet to live up to its name, but success on that front would be a boon to shareholders.In Ark Investment Management's Big Ideas 2023 report, the firm estimates that robotaxis could generate $4 trillion in revenue in 2027. With an estimated 2.7 million vehicles on the road collecting data, Tesla could hold an insurmountable technological edge, if it cracks the code on autonomous driving. Some analysts estimate the software is already worth tens of billions of dollars.Finally, 6 times forward sales is a pretty reasonable valuation for an industry leader with a treasure trove of data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310159656820936,"gmtCreate":1716727188163,"gmtModify":1716727191931,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4147642889264222","idStr":"4147642889264222"},"themes":[],"htmlText":"10-1 split, wish I had more&nbsp;","listText":"10-1 split, wish I had more&nbsp;","text":"10-1 split, wish I had more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/310159656820936","isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":202430866481152,"gmtCreate":1690460119988,"gmtModify":1690460123798,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4147642889264222","idStr":"4147642889264222"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/U/4141429963588842/\">@TigerGpt&nbsp;</a>What are the most shorted ASX stocks?","listText":"<a href=\"https://ttm.financial/U/4141429963588842/\">@TigerGpt&nbsp;</a>What are the most shorted ASX stocks?","text":"@TigerGpt What are the most shorted ASX stocks?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/202430866481152","isVote":1,"tweetType":1,"viewCount":88,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4141429963588842","authorId":"4141429963588842","name":"TigerGPT","avatar":"https://community-static.tradeup.com/news/5b82af1deb17dfa8f94b4741b9ea2738","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4141429963588842","idStr":"4141429963588842"},"content":"Based on the relevant information I have found, the most shorted ASX stocks can vary over time and can be influenced by market trends and individual company performance. It is important to do thorough research and analysis before making any investment decisions. As an AI investment assistant, I recommend using our Screener function on the Quotes - Discover page to select suitable stocks or options according to your personal investment preferences.","text":"Based on the relevant information I have found, the most shorted ASX stocks can vary over time and can be influenced by market trends and individual company performance. It is important to do thorough research and analysis before making any investment decisions. As an AI investment assistant, I recommend using our Screener function on the Quotes - Discover page to select suitable stocks or options according to your personal investment preferences.","html":"Based on the relevant information I have found, the most shorted ASX stocks can vary over time and can be influenced by market trends and individual company performance. It is important to do thorough research and analysis before making any investment decisions. As an AI investment assistant, I recommend using our Screener function on the Quotes - Discover page to select suitable stocks or options according to your personal investment preferences."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":265377640915104,"gmtCreate":1705813689419,"gmtModify":1705813694487,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4147642889264222","idStr":"4147642889264222"},"themes":[],"htmlText":"What's fair value?","listText":"What's fair value?","text":"What's fair value?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/265377640915104","repostId":"2404653175","repostType":2,"repost":{"id":"2404653175","pubTimestamp":1705745984,"share":"https://ttm.financial/m/news/2404653175?lang=&edition=fundamental","pubTime":"2024-01-20 18:19","market":"us","language":"en","title":"Microsoft: Is AI Growth Priced In?","url":"https://stock-news.laohu8.com/highlight/detail?id=2404653175","media":"seekingalpha","summary":"Microsoft Corporation has invested heavily in research and development and acquisitions, totaling almost $172 billion and $75 billion respectively over the past decade.The company believes that genera","content":"<html><head></head><body><ul style=\"\"><li><p>Microsoft Corporation has invested heavily in research and development and acquisitions, totaling almost $172 billion and $75 billion respectively over the past decade.</p></li><li><p>The company believes that generative AI will have a transformative impact on business productivity and is positioning itself to be a leader in this field.</p></li><li><p>Microsoft&#39;s strategic priorities include maintaining its position as the top commercial cloud provider, leading the AI platform wave, and aligning its cost structure with revenue growth.</p></li><li><p>My scenario for Microsoft is for high revenue growth, high operating margins and high reinvestment requirements which are all contributing to an intrinsic value similar to the current market price.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e72d742f4309c63ee27dd4fe8a632269\" tg-width=\"750\" tg-height=\"497\"/></p><p>Chris Hondros</p><h2 id=\"id_3374433027\">Business Overview</h2><p><a href=\"https://laohu8.com/S/MSFT\">icrosoft Corporation</a> started life as a technology leader. It has grown its revenues by developing technologies in-house through investments in research and development and by the acquisition of other innovative companies.</p><p>Over the last 10 years, Microsoft has invested almost $172 billion in research and development (13% of revenues) and $75 billion in acquisitions (almost 6% of revenues).</p><h2 id=\"id_4211063406\">New Age of Generative AI</h2><p>Microsoft apparently believes that the next generation of Artificial Intelligence (AI) will reshape every software category and every business. This is potentially a fundamental technology shift. Over the years, the technology sector has undergone a series of step-change transitions, such as from PC / Server to Web / Internet and to Cloud / Mobile.</p><p>Generative AI has the potential to fundamentally transform productivity for every individual, organization, and industry.</p><p>There are suggestions that Microsoft was slow to embrace the changes that took place in historical technology sector transitions - the step changes that took place in search and in mobile.</p><p>Current management has indicated it wants to be at the front of the AI technology transition, and as a result the company appears to be going all out to ensure that it becomes a Generative AI leader.</p><h2 id=\"id_35542115\">Strategic Priorities</h2><p>Microsoft has identified 3 priorities:</p><ul style=\"\"><li><p>Maintain its lead as the top commercial cloud provider.</p></li><li><p>Invest to lead the AI platform wave across the Microsoft solution areas.</p></li><li><p>Drive operating leverage by aligning its cost structure with revenue growth.</p></li></ul><p>Microsoft has used its financial size to drive its technology leadership, and this is demonstrated by the following chart which shows the historical level of annual investment that the company has made to support its strategy:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef0634a6e142396af18e9538a0f5863d\" tg-width=\"571\" tg-height=\"345\"/></p><p>Author&#39;s compilaton using data from Microsoft&#39;s 10-K filings.</p><h3 id=\"id_4006317099\">OpenAI Investment</h3><p>The key to Microsoft’s AI strategy is its investment in OpenAI.</p><p>Open AI&#39;s founders formed the company in 2015 as a not for profit AI research company. As the company expanded its research initiatives, it required more capital than many of its founders were willing to provide. In FY2019, Microsoft made its initial investment of $1 Billion in OpenAI.</p><p>OpenAI is not a public company and, therefore, it is not obligated to make any public disclosures about any changes in its shareholders&#39; holdings.</p><p>There have been media reports that Microsoft made a further investment in April FY2023 and that its total investment may now be about $13 Billion. It is rumored that this investment gave Microsoft a 49% shareholding in OpenAI but it is not entitled to board representation.</p><p>According to OpenAI&#39;s web site, it has recently changed its corporate status from a not-for-profit company to a “capped-profit” model where shareholders have agreed to a defined exit multiple for their investments.</p><p>Microsoft claims that its OpenAI investment benefits are:</p><ul style=\"\"><li><p>A perpetual right to use the OpenAI intellectual property.</p></li><li><p>The ability to independently commercialize the resulting AI technologies.</p></li><li><p>To be the exclusive cloud provider to OpenAI.</p></li></ul><p>Microsoft discloses very little about its OpenAI investment in its 10-K filings. There is no disclosed balance sheet entry for the investment, and there are no cash flow entries showing annual payments (additional capital) to OpenAI.</p><p>I am surprised that more questions are not asked by the investment community, particularly in order to better understand whether the OpenAI investment is material to Microsoft&#39;s valuation.</p><h3 id=\"id_3018650301\">Microsoft’s Operating Divisions</h3><p>Microsoft&#39;s CEO, Satya Nadella, many years ago defined Microsoft as a technology company aiming to build the best-in-class platforms and productivity services for a mobile-first, cloud-first world. The current divisional structure reflects that ambition and has been in place since FY2016 (with financials going back to FY2014):</p><h4 id=\"id_3069609942\">Productivity &amp; Business Processes Division</h4><p>This division comprises a broad portfolio of productivity, communication, and information services that span devices and platforms. The cornerstone product suites of this division are Office 365, Microsoft 365, LinkedIn, and Dynamics.</p><p>The division’s historical revenues and reported operating margins are:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d107d211ad998fb68cd94dafb80522b3\" tg-width=\"587\" tg-height=\"342\"/></p><p>Author&#39;s compilation using data from Microsoft&#39;s 10-K filings.</p><p>The vast bulk of the division’s revenues come from subscriptions. The chart shows that the division is exhibiting very steady revenue growth and was not impacted by the COVID pandemic. The trailing 12-month (TTM) growth rate peaked during Q3 FY2022 and had been declining until recently. The TTM growth rate appears now to be steady at around 10%.</p><h4 id=\"id_455810620\">Intelligent Cloud</h4><p>This division predominantly comprises server products and cloud services such as Azure, SQL server, Windows server, enterprise services and some of the recent acquisitions Nuance and GitHub.</p><p>The division’s historical revenues and reported operating margins are:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4fde466cd009875e48073239894c3799\" tg-width=\"589\" tg-height=\"340\"/></p><p>Author&#39;s compilation using data from Microsoft&#39;s 10-K filings.</p><p>This division will be Microsoft’s future growth engine. The division’s 5-year revenue compound annual growth rate (CAGR) at the end of Q1 FY2024 was 22%, but it should be noted that the current TTM growth rate is 17%. The division’s TTM growth rate peaked at the end of Q3 FY2022 and has been declining each quarter ever since.</p><p>At the end of FY2022 the size of the cloud infrastructure services market has been estimated by industry consulting company GlobeNewsWire to be $113 billion. They estimate that this market will grow at 18% per year for the next 10 years.</p><p>Statista estimates that at the end of FY2022, Microsoft’s market share in the cloud infrastructure market was 23% with the market leader being Amazon AWS with 32%.</p><h4 id=\"id_3046855215\">Personal Computing Division</h4><p>This division predominantly comprises revenues from Windows’ product subscriptions, sales of hardware devices, sales of gaming consoles and game subscriptions, and the sales of digital advertising and search engines.</p><p>The division’s historical dividends and margins are:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fec66d313fc41362b62df5ce2f6deab7\" tg-width=\"584\" tg-height=\"337\"/></p><p>Author&#39;s compilation using data from Microsoft&#39;s 10-K filings.</p><p>The chart indicates that this is Microsoft’s most volatile division. All the product groups in the division are volatile but particularly devices. The division’s long-term annual revenue growth rate has been around 4%.</p><h2 id=\"id_1656806296\">Microsoft’s Historical Financial Performance</h2><h3 id=\"id_754017271\">Revenues and Adjusted Operating Margins</h3><p>The following chart shows Microsoft’s reported aggregated sales and adjusted operating margins for the last 10 years:</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/10249b38f5ba6b4b0ee1699c8f111a7e\" tg-width=\"583\" tg-height=\"348\"/></p><p>Author&#39;s compilation using data from Microsoft&#39;s 10-K filings.</p><p>Readers should be aware that I have made 2 adjustments to Microsoft’s reported Income Statement to better represent its true operating costs and the investments required to support the company’s growth:</p><ul style=\"\"><li><p>Research &amp; Development (R&amp;D) is a long-term investment, so I have turned the reported R&amp;D expense into a capital item with a 3-year and added an amortization expense to the restated Income Statement.</p></li><li><p>Branding is also a long-term investment, so I have assumed that 20% of the Marketing expense is a capital item with a 3-year life.</p></li></ul><p>My adjustments have increased Microsoft’s reported operating margins by approximately 3% (note that the earlier charts showing divisional margins were as reported by Microsoft with no adjustments).</p><p>Aggregate revenues had been growing strongly for several years and the TTM revenue growth peaked at 20% during Q2 FY2021. More recently revenue growth has been slowly declining and was 8% at the end of Q1 FY2024.</p><p>Margins have also increased significantly during this period and at Q4 FY2023 margins reached their highest levels at 45.3%.</p><p>Typical technology sector reported margins are 8% but this reflects the broad range of companies in the sector. I estimate that Microsoft’s margins are in the sector’s highest decile.</p><h3 id=\"id_3255119127\">Cash Flows</h3><p>The following table summarizes Microsoft’s cash flows for the last 10 years:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e2fc10bd943a617fa56c1d206e9c3fca\" tg-width=\"640\" tg-height=\"231\"/></p><p>Author&#39;s compilation using data from Microsoft&#39;s 10-K filings.</p><p>This table helps to explain the approach that I have taken to restating Microsoft’s Income Statement.</p><p>Over the last 10 years $208 billion of investments were expended through the Income Statement and $216 billion was spent on “traditional” reinvestment (capex and acquisitions).</p><p>Microsoft’s level of expensed investment as a percentage of revenues has been reasonably steady for the last 10 years at between 12% to 14%.</p><p>Microsoft is a spectacular generator of free cash flow. By my analysis, there are very few companies that generate more free cash flow per unit of revenue.</p><p>A high-level summary of Microsoft’s cash flows for the last 10 years is:</p><ul style=\"\"><li><p>The business generated adjusted operating cash flows of $753 billion.</p></li><li><p>It reinvested $328 billion back into the business.</p></li><li><p>Additional debt of $30 billion was taken on.</p></li><li><p>A total of $323 billion was returned to shareholders in a combination of dividends and share-buybacks.</p></li></ul><p>The dividend has increased every year since FY2004, and based on the current cash flows I see no reason why that trend won’t continue into the foreseeable future.</p><h3 id=\"id_2662778591\">Capital Structure</h3><p>The following chart shows the history of Microsoft’s capital structure over the last 10 years:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f397ad6cb97d43b98756d91c674f33ec\" tg-width=\"588\" tg-height=\"339\"/></p><p>Author&#39;s compilation using data from Microsoft&#39;s 10-K filings.</p><p>Microsoft’s debt ratio is currently 3% and the sector’s median ratio is 4%.</p><p>Interestingly since FY2017, Microsoft has been reducing its debt load (which causes its cost of capital to increase). The company appears to have been reluctant to veer from the typical technology sector’s debt ratio even though its cash flows could easily support higher debt levels.</p><h3 id=\"id_3123194480\">Return on Invested Capital</h3><p>The following chart shows the history of Microsoft’s return on invested capital over the last 10 years:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/35e03a742acf3c4744ced7ab594171fa\" tg-width=\"590\" tg-height=\"345\"/></p><p>Author&#39;s compilation using data from Microsoft&#39;s 10-K filings.</p><p>Readers should note that my calculated return on invested capital (ROIC) will be lower than that reported because of the adjustments that I made to the Income Statement to account for the expensed investments.</p><p>Microsoft’s ROIC has been reasonably stable and is excellent. The technology sector’s ROIC has a wide range of values because of the diversity of the companies within the sector (from profitless start-ups to extremely profitable companies). The sector’s median ROIC is currently 16%.</p><h2 id=\"id_2941363825\">My Investment Thesis for Microsoft</h2><p>At the time of writing this report, the FY2024 2nd quarter has finished, but Microsoft is not due to publish their updated financial statements for another 2 weeks.</p><p>At the end of Q1, Microsoft’s trailing 12-month (TTM) revenues were $218,310 M (7.5% higher than the prior year) and the TTM operating margin is still rising.</p><p>The current consensus revenue forecast for FY2024 is $243,310 M and it is projected that FY2025 revenues will be $277,470 M. This equates to a 14% annualized growth rate.</p><p>The current macroeconomic signals for the U.S. are mixed. The bond market is forecasting significantly lower inflation and lower interest rates for FY2024. In my opinion this appears to be indicating a slowing economy.</p><p>My scenario for Microsoft is:</p><h3 id=\"id_209779251\">Growth Story</h3><p>The optimism for Microsoft’s future is associated with its developments in the Generative AI space. I believe that Microsoft’s Intelligent Cloud division can comfortably grow revenues at 20% per year for the next 6 years (slightly above the predicted market cadence due to its superior product offering).</p><p>Similarly, I think that the Productivity &amp; Business Processes Division can continue to grow revenues by 15% per year for the next 6 years. The subscription revenues are very sticky and unless there is a major long-term slump in employment, I see little reason for this division not to be able grow volumes and prices into the future.</p><p>The Personal Computing division is more problematic than the others. Revenues will get a near-term boost from the recent Activision acquisition, but over the long term I am forecasting divisional revenue growth of 5% per year for the next 6 years.</p><h3 id=\"id_3393575634\">Margin Story</h3><p>Microsoft’s operating margins are already very high relative to its sector competitors. I see no reasons why this should change over the forecast period. Remember that I use an adjusted operating margin which is up to 3% higher than the reported margin.</p><p>The biggest unknown in this valuation is where the long-term operating margin for the Intelligent Cloud division will finish. Management has been cautioning that near-term margins may decline during the product development stage. Over the longer term, I suspect that margins for this division may remain at their current levels or at best slightly higher as a result of market competition.</p><p>The Productivity &amp; Business Processes division’s margins should continue to increase as the product suite continues to mature and requires less product development.</p><p>I am forecasting that the Personal Computing division’s margins will remain relatively flat over the forecast period.</p><h3 id=\"id_1105297166\">Growth Efficiency</h3><p>Microsoft’s total reinvestment back into its business has doubled over the last 5 years, and there appear to be indications that recent levels may need to be maintained for some time into the future to support the product development associated with Generative AI.</p><p>I measure capital efficiency for growing companies as revenue / invested capital. Microsoft’s historical ratio was for many years around 1.5 (every $1 of investment generated $1.5 in revenues). The sector&#39;s global median ratio is 1.2 (less revenues are generated per unit of investment).</p><p>Over the last couple of years, Microsoft&#39;s ratio has been trending lower towards the sector&#39;s global median, and for my scenario I have used the global ratio in order to reflect the higher level of reinvestment required to support the expected growth.</p><h3 id=\"id_2049827810\">Risk Story</h3><p>I have created a very optimistic scenario for Microsoft.</p><p>Readers should be aware that historically Microsoft’s revenues and margins appear to have been reasonably sensitive to the strength of the global economy and particularly the level of unemployment.</p><p>If the global economy slows down and enters a significant recession over the coming months, then I would expect that Microsoft’s business would also be impacted.</p><p>Microsoft is entering the next part of the economic cycle with a very strong balance sheet and a debt ratio lower than the sector average. For these reasons, I estimate that Microsoft’s current cost of capital is around the sector median, which due to its low debt levels is probably higher than the typical U.S.-listed company.</p><p>Over the long term, I have forecast that Microsoft’s cost of capital will decline to the median level of all U.S.-listed companies as management accepts that a mature company can increase its debt ratio.</p><h3 id=\"id_2624112462\">Competitive Advantages</h3><p>Microsoft’s operating model is clearly superior to its sector competitors, as demonstrated by its historically high revenue growth, high operating margins, and high returns on capital.</p><p>There is strong evidence to suggest that Microsoft has a sustainable competitive advantage which will allow its terminal ROIC to remain above its cost of capital at around 12%.</p><h2 id=\"id_2826494107\">Valuation Assumptions</h2><p>The following table summarizes the key inputs into the valuation:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/13ab6b406a446a06940b8a14889edace\" tg-width=\"440\" tg-height=\"292\"/></p><p>Author&#39;s valuation model assumptions.</p><p>A couple of technical issues to be noted with the valuation inputs:</p><ul style=\"\"><li><p>I have assumed that Microsoft’s effective tax rate progressively increases over time to the U.S. marginal tax rate.</p></li><li><p>I have converted the book value of equity investments on Microsoft’s balance sheet to an estimated market value by multiplying by the sector’s current median price to book ratio (3.98). The key component here is the valuation of Microsoft’s 49% holding in OpenAI.</p></li></ul><h2 id=\"id_1418652864\">Discounted Cash Flow Output</h2><p>The output from DCF model is in $USD:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b4511c7bb3144825cba1360919c9d60\" tg-width=\"640\" tg-height=\"223\"/></p><p>Author&#39;s DCF model output.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/74ad2ea1056d7b228c17188b7f6e4b18\" tg-width=\"640\" tg-height=\"245\"/></p><p>Author&#39;s DCF model output.</p><p>I also developed a Monte Carlo simulation for the valuation based on the range of inputs for the valuation. The output of the simulation was developed from 100,000 iterations:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c4ef3ff8403f78feaa4e46a846a2067\" tg-width=\"640\" tg-height=\"411\"/></p><p>Author&#39;s DCF model Monte Carlo simulation output.</p><p>The simulation can help us understand the major sources of sensitivity in the valuation. In my scenario, the valuation is very sensitive to the expected revenue growth and to a lesser degree the operating margin. These two inputs represent the greatest source of risk in the valuation.</p><p><em>The simulation indicates that at a discount rate of 8.2%, the intrinsic value for Microsoft’s equity per share is between $276 and $472 with an expected value of $361.</em></p><p><strong>Based on my scenario, Microsoft is currently priced within its fair value range.</strong></p><h2 id=\"id_1074333049\">Final Recommendation</h2><p>The report has highlighted that Microsoft Corporation appears prepared to make the appropriate financial investments to ensure that it becomes one of the leading companies in the Generative AI market.</p><p>The company’s leadership apparently is committed to not missing out on the technology transition that AI may bring to all aspects of the commercial and social environment. This commitment is demonstrated by the quantum of capital being reinvested back into the business.</p><p>My call is that Microsoft is currently a <strong>HOLD.</strong></p><p><strong>What are the investment risks going forward?</strong></p><p>The valuation has highlighted that the major influence on the company’s intrinsic value is the projected revenue growth rate.</p><p>A large component of future growth is the successful uptake of the generative AI developments. If the AI market failed to achieve its expected market size or Microsoft failed to maintain its Cloud market share, then the stock price could take a sizable hit.</p><p>The other risk which should not be ignored is the impact that a potential global recession may have on the near term for Microsoft’s existing business. Microsoft’s almost annuity-like subscription business would be significantly impacted if global corporate employment levels were significantly lowered.</p><h3 id=\"id_3989397489\">What should existing shareholders be doing?</h3><p>Microsoft’s shareholders have been extremely well rewarded, as shown in the following table:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df4524bbbf8421321107b2c694e30f2a\" tg-width=\"504\" tg-height=\"120\"/></p><p>Author&#39;s compilation using data from Yahoo Finance.</p><p>There is a possibility that long-term holders of the stock may be very overweight Microsoft within their portfolio because of how well the stock has performed.</p><p>The current price action for the company remains reasonably bullish. At some point, it seems inevitable the current rising trend will break down. At that point, I recommend that holders:</p><ul style=\"\"><li><p>Ensure that their allocation is not overweight.</p></li><li><p>Make the appropriate adjustments to bring the holding back to a maximum of the target allocation.</p></li><li><p>Do not add to your holding at these prices.</p></li><li><p>If the stock has a significant pull-back then I would be buying it aggressively.</p></li></ul></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>Microsoft: Is AI Growth Priced In?</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\">\nMicrosoft: Is AI Growth Priced In?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-20 18:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4663853-microsoft-is-ai-growth-priced-in><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microsoft Corporation has invested heavily in research and development and acquisitions, totaling almost $172 billion and $75 billion respectively over the past decade.The company believes that ...</p>\n\n<a href=\"https://seekingalpha.com/article/4663853-microsoft-is-ai-growth-priced-in\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4663853-microsoft-is-ai-growth-priced-in","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2404653175","content_text":"Microsoft Corporation has invested heavily in research and development and acquisitions, totaling almost $172 billion and $75 billion respectively over the past decade.The company believes that generative AI will have a transformative impact on business productivity and is positioning itself to be a leader in this field.Microsoft's strategic priorities include maintaining its position as the top commercial cloud provider, leading the AI platform wave, and aligning its cost structure with revenue growth.My scenario for Microsoft is for high revenue growth, high operating margins and high reinvestment requirements which are all contributing to an intrinsic value similar to the current market price.Chris HondrosBusiness Overviewicrosoft Corporation started life as a technology leader. It has grown its revenues by developing technologies in-house through investments in research and development and by the acquisition of other innovative companies.Over the last 10 years, Microsoft has invested almost $172 billion in research and development (13% of revenues) and $75 billion in acquisitions (almost 6% of revenues).New Age of Generative AIMicrosoft apparently believes that the next generation of Artificial Intelligence (AI) will reshape every software category and every business. This is potentially a fundamental technology shift. Over the years, the technology sector has undergone a series of step-change transitions, such as from PC / Server to Web / Internet and to Cloud / Mobile.Generative AI has the potential to fundamentally transform productivity for every individual, organization, and industry.There are suggestions that Microsoft was slow to embrace the changes that took place in historical technology sector transitions - the step changes that took place in search and in mobile.Current management has indicated it wants to be at the front of the AI technology transition, and as a result the company appears to be going all out to ensure that it becomes a Generative AI leader.Strategic PrioritiesMicrosoft has identified 3 priorities:Maintain its lead as the top commercial cloud provider.Invest to lead the AI platform wave across the Microsoft solution areas.Drive operating leverage by aligning its cost structure with revenue growth.Microsoft has used its financial size to drive its technology leadership, and this is demonstrated by the following chart which shows the historical level of annual investment that the company has made to support its strategy:Author's compilaton using data from Microsoft's 10-K filings.OpenAI InvestmentThe key to Microsoft’s AI strategy is its investment in OpenAI.Open AI's founders formed the company in 2015 as a not for profit AI research company. As the company expanded its research initiatives, it required more capital than many of its founders were willing to provide. In FY2019, Microsoft made its initial investment of $1 Billion in OpenAI.OpenAI is not a public company and, therefore, it is not obligated to make any public disclosures about any changes in its shareholders' holdings.There have been media reports that Microsoft made a further investment in April FY2023 and that its total investment may now be about $13 Billion. It is rumored that this investment gave Microsoft a 49% shareholding in OpenAI but it is not entitled to board representation.According to OpenAI's web site, it has recently changed its corporate status from a not-for-profit company to a “capped-profit” model where shareholders have agreed to a defined exit multiple for their investments.Microsoft claims that its OpenAI investment benefits are:A perpetual right to use the OpenAI intellectual property.The ability to independently commercialize the resulting AI technologies.To be the exclusive cloud provider to OpenAI.Microsoft discloses very little about its OpenAI investment in its 10-K filings. There is no disclosed balance sheet entry for the investment, and there are no cash flow entries showing annual payments (additional capital) to OpenAI.I am surprised that more questions are not asked by the investment community, particularly in order to better understand whether the OpenAI investment is material to Microsoft's valuation.Microsoft’s Operating DivisionsMicrosoft's CEO, Satya Nadella, many years ago defined Microsoft as a technology company aiming to build the best-in-class platforms and productivity services for a mobile-first, cloud-first world. The current divisional structure reflects that ambition and has been in place since FY2016 (with financials going back to FY2014):Productivity & Business Processes DivisionThis division comprises a broad portfolio of productivity, communication, and information services that span devices and platforms. The cornerstone product suites of this division are Office 365, Microsoft 365, LinkedIn, and Dynamics.The division’s historical revenues and reported operating margins are:Author's compilation using data from Microsoft's 10-K filings.The vast bulk of the division’s revenues come from subscriptions. The chart shows that the division is exhibiting very steady revenue growth and was not impacted by the COVID pandemic. The trailing 12-month (TTM) growth rate peaked during Q3 FY2022 and had been declining until recently. The TTM growth rate appears now to be steady at around 10%.Intelligent CloudThis division predominantly comprises server products and cloud services such as Azure, SQL server, Windows server, enterprise services and some of the recent acquisitions Nuance and GitHub.The division’s historical revenues and reported operating margins are:Author's compilation using data from Microsoft's 10-K filings.This division will be Microsoft’s future growth engine. The division’s 5-year revenue compound annual growth rate (CAGR) at the end of Q1 FY2024 was 22%, but it should be noted that the current TTM growth rate is 17%. The division’s TTM growth rate peaked at the end of Q3 FY2022 and has been declining each quarter ever since.At the end of FY2022 the size of the cloud infrastructure services market has been estimated by industry consulting company GlobeNewsWire to be $113 billion. They estimate that this market will grow at 18% per year for the next 10 years.Statista estimates that at the end of FY2022, Microsoft’s market share in the cloud infrastructure market was 23% with the market leader being Amazon AWS with 32%.Personal Computing DivisionThis division predominantly comprises revenues from Windows’ product subscriptions, sales of hardware devices, sales of gaming consoles and game subscriptions, and the sales of digital advertising and search engines.The division’s historical dividends and margins are:Author's compilation using data from Microsoft's 10-K filings.The chart indicates that this is Microsoft’s most volatile division. All the product groups in the division are volatile but particularly devices. The division’s long-term annual revenue growth rate has been around 4%.Microsoft’s Historical Financial PerformanceRevenues and Adjusted Operating MarginsThe following chart shows Microsoft’s reported aggregated sales and adjusted operating margins for the last 10 years:Author's compilation using data from Microsoft's 10-K filings.Readers should be aware that I have made 2 adjustments to Microsoft’s reported Income Statement to better represent its true operating costs and the investments required to support the company’s growth:Research & Development (R&D) is a long-term investment, so I have turned the reported R&D expense into a capital item with a 3-year and added an amortization expense to the restated Income Statement.Branding is also a long-term investment, so I have assumed that 20% of the Marketing expense is a capital item with a 3-year life.My adjustments have increased Microsoft’s reported operating margins by approximately 3% (note that the earlier charts showing divisional margins were as reported by Microsoft with no adjustments).Aggregate revenues had been growing strongly for several years and the TTM revenue growth peaked at 20% during Q2 FY2021. More recently revenue growth has been slowly declining and was 8% at the end of Q1 FY2024.Margins have also increased significantly during this period and at Q4 FY2023 margins reached their highest levels at 45.3%.Typical technology sector reported margins are 8% but this reflects the broad range of companies in the sector. I estimate that Microsoft’s margins are in the sector’s highest decile.Cash FlowsThe following table summarizes Microsoft’s cash flows for the last 10 years:Author's compilation using data from Microsoft's 10-K filings.This table helps to explain the approach that I have taken to restating Microsoft’s Income Statement.Over the last 10 years $208 billion of investments were expended through the Income Statement and $216 billion was spent on “traditional” reinvestment (capex and acquisitions).Microsoft’s level of expensed investment as a percentage of revenues has been reasonably steady for the last 10 years at between 12% to 14%.Microsoft is a spectacular generator of free cash flow. By my analysis, there are very few companies that generate more free cash flow per unit of revenue.A high-level summary of Microsoft’s cash flows for the last 10 years is:The business generated adjusted operating cash flows of $753 billion.It reinvested $328 billion back into the business.Additional debt of $30 billion was taken on.A total of $323 billion was returned to shareholders in a combination of dividends and share-buybacks.The dividend has increased every year since FY2004, and based on the current cash flows I see no reason why that trend won’t continue into the foreseeable future.Capital StructureThe following chart shows the history of Microsoft’s capital structure over the last 10 years:Author's compilation using data from Microsoft's 10-K filings.Microsoft’s debt ratio is currently 3% and the sector’s median ratio is 4%.Interestingly since FY2017, Microsoft has been reducing its debt load (which causes its cost of capital to increase). The company appears to have been reluctant to veer from the typical technology sector’s debt ratio even though its cash flows could easily support higher debt levels.Return on Invested CapitalThe following chart shows the history of Microsoft’s return on invested capital over the last 10 years:Author's compilation using data from Microsoft's 10-K filings.Readers should note that my calculated return on invested capital (ROIC) will be lower than that reported because of the adjustments that I made to the Income Statement to account for the expensed investments.Microsoft’s ROIC has been reasonably stable and is excellent. The technology sector’s ROIC has a wide range of values because of the diversity of the companies within the sector (from profitless start-ups to extremely profitable companies). The sector’s median ROIC is currently 16%.My Investment Thesis for MicrosoftAt the time of writing this report, the FY2024 2nd quarter has finished, but Microsoft is not due to publish their updated financial statements for another 2 weeks.At the end of Q1, Microsoft’s trailing 12-month (TTM) revenues were $218,310 M (7.5% higher than the prior year) and the TTM operating margin is still rising.The current consensus revenue forecast for FY2024 is $243,310 M and it is projected that FY2025 revenues will be $277,470 M. This equates to a 14% annualized growth rate.The current macroeconomic signals for the U.S. are mixed. The bond market is forecasting significantly lower inflation and lower interest rates for FY2024. In my opinion this appears to be indicating a slowing economy.My scenario for Microsoft is:Growth StoryThe optimism for Microsoft’s future is associated with its developments in the Generative AI space. I believe that Microsoft’s Intelligent Cloud division can comfortably grow revenues at 20% per year for the next 6 years (slightly above the predicted market cadence due to its superior product offering).Similarly, I think that the Productivity & Business Processes Division can continue to grow revenues by 15% per year for the next 6 years. The subscription revenues are very sticky and unless there is a major long-term slump in employment, I see little reason for this division not to be able grow volumes and prices into the future.The Personal Computing division is more problematic than the others. Revenues will get a near-term boost from the recent Activision acquisition, but over the long term I am forecasting divisional revenue growth of 5% per year for the next 6 years.Margin StoryMicrosoft’s operating margins are already very high relative to its sector competitors. I see no reasons why this should change over the forecast period. Remember that I use an adjusted operating margin which is up to 3% higher than the reported margin.The biggest unknown in this valuation is where the long-term operating margin for the Intelligent Cloud division will finish. Management has been cautioning that near-term margins may decline during the product development stage. Over the longer term, I suspect that margins for this division may remain at their current levels or at best slightly higher as a result of market competition.The Productivity & Business Processes division’s margins should continue to increase as the product suite continues to mature and requires less product development.I am forecasting that the Personal Computing division’s margins will remain relatively flat over the forecast period.Growth EfficiencyMicrosoft’s total reinvestment back into its business has doubled over the last 5 years, and there appear to be indications that recent levels may need to be maintained for some time into the future to support the product development associated with Generative AI.I measure capital efficiency for growing companies as revenue / invested capital. Microsoft’s historical ratio was for many years around 1.5 (every $1 of investment generated $1.5 in revenues). The sector's global median ratio is 1.2 (less revenues are generated per unit of investment).Over the last couple of years, Microsoft's ratio has been trending lower towards the sector's global median, and for my scenario I have used the global ratio in order to reflect the higher level of reinvestment required to support the expected growth.Risk StoryI have created a very optimistic scenario for Microsoft.Readers should be aware that historically Microsoft’s revenues and margins appear to have been reasonably sensitive to the strength of the global economy and particularly the level of unemployment.If the global economy slows down and enters a significant recession over the coming months, then I would expect that Microsoft’s business would also be impacted.Microsoft is entering the next part of the economic cycle with a very strong balance sheet and a debt ratio lower than the sector average. For these reasons, I estimate that Microsoft’s current cost of capital is around the sector median, which due to its low debt levels is probably higher than the typical U.S.-listed company.Over the long term, I have forecast that Microsoft’s cost of capital will decline to the median level of all U.S.-listed companies as management accepts that a mature company can increase its debt ratio.Competitive AdvantagesMicrosoft’s operating model is clearly superior to its sector competitors, as demonstrated by its historically high revenue growth, high operating margins, and high returns on capital.There is strong evidence to suggest that Microsoft has a sustainable competitive advantage which will allow its terminal ROIC to remain above its cost of capital at around 12%.Valuation AssumptionsThe following table summarizes the key inputs into the valuation:Author's valuation model assumptions.A couple of technical issues to be noted with the valuation inputs:I have assumed that Microsoft’s effective tax rate progressively increases over time to the U.S. marginal tax rate.I have converted the book value of equity investments on Microsoft’s balance sheet to an estimated market value by multiplying by the sector’s current median price to book ratio (3.98). The key component here is the valuation of Microsoft’s 49% holding in OpenAI.Discounted Cash Flow OutputThe output from DCF model is in $USD:Author's DCF model output.Author's DCF model output.I also developed a Monte Carlo simulation for the valuation based on the range of inputs for the valuation. The output of the simulation was developed from 100,000 iterations:Author's DCF model Monte Carlo simulation output.The simulation can help us understand the major sources of sensitivity in the valuation. In my scenario, the valuation is very sensitive to the expected revenue growth and to a lesser degree the operating margin. These two inputs represent the greatest source of risk in the valuation.The simulation indicates that at a discount rate of 8.2%, the intrinsic value for Microsoft’s equity per share is between $276 and $472 with an expected value of $361.Based on my scenario, Microsoft is currently priced within its fair value range.Final RecommendationThe report has highlighted that Microsoft Corporation appears prepared to make the appropriate financial investments to ensure that it becomes one of the leading companies in the Generative AI market.The company’s leadership apparently is committed to not missing out on the technology transition that AI may bring to all aspects of the commercial and social environment. This commitment is demonstrated by the quantum of capital being reinvested back into the business.My call is that Microsoft is currently a HOLD.What are the investment risks going forward?The valuation has highlighted that the major influence on the company’s intrinsic value is the projected revenue growth rate.A large component of future growth is the successful uptake of the generative AI developments. If the AI market failed to achieve its expected market size or Microsoft failed to maintain its Cloud market share, then the stock price could take a sizable hit.The other risk which should not be ignored is the impact that a potential global recession may have on the near term for Microsoft’s existing business. Microsoft’s almost annuity-like subscription business would be significantly impacted if global corporate employment levels were significantly lowered.What should existing shareholders be doing?Microsoft’s shareholders have been extremely well rewarded, as shown in the following table:Author's compilation using data from Yahoo Finance.There is a possibility that long-term holders of the stock may be very overweight Microsoft within their portfolio because of how well the stock has performed.The current price action for the company remains reasonably bullish. At some point, it seems inevitable the current rising trend will break down. At that point, I recommend that holders:Ensure that their allocation is not overweight.Make the appropriate adjustments to bring the holding back to a maximum of the target allocation.Do not add to your holding at these prices.If the stock has a significant pull-back then I would be buying it aggressively.","news_type":1},"isVote":1,"tweetType":1,"viewCount":247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":262753104392312,"gmtCreate":1705182752074,"gmtModify":1705182756783,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4147642889264222","idStr":"4147642889264222"},"themes":[],"htmlText":"👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼","listText":"👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼","text":"👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/262753104392312","isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":259520079941800,"gmtCreate":1704369933583,"gmtModify":1704369937757,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4147642889264222","idStr":"4147642889264222"},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259520079941800","repostId":"2400254368","repostType":2,"repost":{"id":"2400254368","pubTimestamp":1704368700,"share":"https://ttm.financial/m/news/2400254368?lang=&edition=fundamental","pubTime":"2024-01-04 19:45","market":"us","language":"en","title":"Will Tesla Become a Trillion-Dollar Stock in 2024?","url":"https://stock-news.laohu8.com/highlight/detail?id=2400254368","media":"Motley Fool","summary":"The EV maker could rejoin the elite club this year.","content":"<html><head></head><body><ul style=\"\"><li><p>Tesla increased deliveries by 38% in 2023 to 1.8 million.</p></li><li><p>The stock doubled last year as excitement for AI built.</p></li><li><p>Production growth is expected to be slower in 2024, but an AI breakthrough could help power the stock higher.</p></li></ul><p><strong>Tesla </strong>has long been a magnet for investor attention on the stock market, and that has historically played toward the company&#39;s advantage.</p><p>The brand and the stock, arguably have a cult-like following by devotees, many of whom are big fans of CEO Elon Musk as well. Tesla&#39;s avid customer base and its history of innovation and bucking long odds have also helped the company earn an unusually high earnings multiple for an automaker.</p><p>Tesla finished 2023 with a price-to-earnings ratio of 80 and a market cap of nearly $800 billion. The stock jumped 102% in 2023, but that performance was more due to excitement over artificial intelligence (AI) rather than the performance of the business itself, which featured slowing revenue growth and declining profits as the company cut prices on its vehicles to gain market share in an increasingly competitive electric-vehicle (EV) environment.</p><p>Heading into 2024, Tesla bulls are probably expecting another winning year from the stock as interest rates are expected to fall, rival automakers such as <strong>GM </strong>and <strong>Ford</strong> are pulling back on EVs, and Tesla just hit its full-year 2023 delivery guidance of 1.8 million vehicles. In 2024, the company should also benefit from the recent launch of the new Cybertruck and, potentially, new developments in artificial intelligence as Tesla is expected to eventually allow its vehicles to be driven autonomously and to develop a fleet of robotaxis that will be designed solely as ride-sharing vehicles without steering wheels or other components that a human driver would use.</p><p>One question on a lot of investors&#39; minds is if Tesla will reclaim its status as a trillion-dollar company. That would require a 27% gain this year. That would be reasonable, but it&#39;s certainly not guaranteed.</p><p>Let&#39;s look at Tesla&#39;s prospects for 2024 to see if the stock can top the trillion-dollar mark again.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/21c1f97d3689453d8960fa0c3478501c\" alt=\"Image source: Tesla.\" title=\"Image source: Tesla.\" tg-width=\"700\" tg-height=\"466\"/><span>Image source: Tesla.</span></p><h2 id=\"id_2331484104\">What to expect for Tesla in 2024</h2><p>Tesla hasn&#39;t yet issued guidance for 2024, but we can get a sense of where the company is headed in 2023 based on its recent results.</p><p>Tesla finished the fourth quarter with 484,507 deliveries, 461,538 of which were Model 3 and Y vehicles. For the year, it delivered 1.809 million vehicles, just over its target of 1.8 million, and it produced 1.846 million.</p><p>In 2020, Tesla announced a goal of increasing its production by a compound annual growth rate of 50%, and the company fell a bit short of that goal in 2023, though Elon Musk had previously stressed that that was a long-term average figure and not a target it will hit each year. Deliveries in 2023 rose 38%, while production was up 35%.</p><p>That&#39;s not a problem for Tesla in and of itself, but its sequential production growth in 2023 has been modest as well. It delivered 423,000 vehicles in the first quarter, meaning production grew just 15% from Q1 to Q4.</p><p>Predicting the company&#39;s deliveries in 2024 is difficult, but it&#39;s likely to fall short of 2.7 million, which would be its 50% target. The company is expected to produce up to 150,000 Cybertrucks, but it doesn&#39;t have any new vehicles or factory openings to support that growth. Tesla did have a substantial amount of scheduled downtime at its factories in 2023, which could allow for more production in 2024, but most estimates call for 2 million to 2.5 million deliveries this year, which would represent solid, but not outstanding, growth.</p><h2 id=\"id_1847904887\">Can AI save the day?</h2><p>Vehicle deliveries are likely to be the primary determinant of revenue and profit for Tesla in 2024, but investors will also be focused on developments in artificial intelligence. Ark Invest&#39;s Cathie Wood, for example, expects Tesla stock to gain roughly 700% by 2030 as robotaxis emerge as its primary revenue stream, and the company&#39;s bipedal autonomous robot, Optimus, also has the potential to invent a new category in AI.</p><p>Tesla has thus far played coy with its AI projects, giving investors little information on when its developments might be monetized or when full self-driving will be fully available, but any progress on that front could juice the stock in 2024.</p><h2 id=\"id_429297658\">Will Tesla cross the $1 trillion mark?</h2><p>Tesla has the potential to grow revenue and profits by 27% or more in 2024, but in order for the stock to cross the trillion-dollar mark, it will have to continue earning a premium from investors, which means it will either have to exceed analyst expectations or make significant progress in AI.</p><p>Otherwise, the stock will be dependent on the same bullish sentiment that propelled it higher in 2023. While that could persist, over the long term, the company will need to deliver real profit growth and technological innovation for the stock to keep moving higher, as much is still expected from Tesla at its current valuation.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will Tesla Become a Trillion-Dollar Stock in 2024?</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\">\nWill Tesla Become a Trillion-Dollar Stock in 2024?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-04 19:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/01/04/will-tesla-become-a-trillion-dollar-company-in-202/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla increased deliveries by 38% in 2023 to 1.8 million.The stock doubled last year as excitement for AI built.Production growth is expected to be slower in 2024, but an AI breakthrough could help ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/01/04/will-tesla-become-a-trillion-dollar-company-in-202/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4527":"明星科技股","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4550":"红杉资本持仓","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4588":"碎股","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4574":"无人驾驶","LU2063271972.USD":"富兰克林创新领域基金","BK4551":"寇图资本持仓","TSLL":"Direxion Daily TSLA Bull 2X Shares","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4585":"ETF&股票定投概念","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","TSLA":"特斯拉","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4534":"瑞士信贷持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC"},"source_url":"https://www.fool.com/investing/2024/01/04/will-tesla-become-a-trillion-dollar-company-in-202/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2400254368","content_text":"Tesla increased deliveries by 38% in 2023 to 1.8 million.The stock doubled last year as excitement for AI built.Production growth is expected to be slower in 2024, but an AI breakthrough could help power the stock higher.Tesla has long been a magnet for investor attention on the stock market, and that has historically played toward the company's advantage.The brand and the stock, arguably have a cult-like following by devotees, many of whom are big fans of CEO Elon Musk as well. Tesla's avid customer base and its history of innovation and bucking long odds have also helped the company earn an unusually high earnings multiple for an automaker.Tesla finished 2023 with a price-to-earnings ratio of 80 and a market cap of nearly $800 billion. The stock jumped 102% in 2023, but that performance was more due to excitement over artificial intelligence (AI) rather than the performance of the business itself, which featured slowing revenue growth and declining profits as the company cut prices on its vehicles to gain market share in an increasingly competitive electric-vehicle (EV) environment.Heading into 2024, Tesla bulls are probably expecting another winning year from the stock as interest rates are expected to fall, rival automakers such as GM and Ford are pulling back on EVs, and Tesla just hit its full-year 2023 delivery guidance of 1.8 million vehicles. In 2024, the company should also benefit from the recent launch of the new Cybertruck and, potentially, new developments in artificial intelligence as Tesla is expected to eventually allow its vehicles to be driven autonomously and to develop a fleet of robotaxis that will be designed solely as ride-sharing vehicles without steering wheels or other components that a human driver would use.One question on a lot of investors' minds is if Tesla will reclaim its status as a trillion-dollar company. That would require a 27% gain this year. That would be reasonable, but it's certainly not guaranteed.Let's look at Tesla's prospects for 2024 to see if the stock can top the trillion-dollar mark again.Image source: Tesla.What to expect for Tesla in 2024Tesla hasn't yet issued guidance for 2024, but we can get a sense of where the company is headed in 2023 based on its recent results.Tesla finished the fourth quarter with 484,507 deliveries, 461,538 of which were Model 3 and Y vehicles. For the year, it delivered 1.809 million vehicles, just over its target of 1.8 million, and it produced 1.846 million.In 2020, Tesla announced a goal of increasing its production by a compound annual growth rate of 50%, and the company fell a bit short of that goal in 2023, though Elon Musk had previously stressed that that was a long-term average figure and not a target it will hit each year. Deliveries in 2023 rose 38%, while production was up 35%.That's not a problem for Tesla in and of itself, but its sequential production growth in 2023 has been modest as well. It delivered 423,000 vehicles in the first quarter, meaning production grew just 15% from Q1 to Q4.Predicting the company's deliveries in 2024 is difficult, but it's likely to fall short of 2.7 million, which would be its 50% target. The company is expected to produce up to 150,000 Cybertrucks, but it doesn't have any new vehicles or factory openings to support that growth. Tesla did have a substantial amount of scheduled downtime at its factories in 2023, which could allow for more production in 2024, but most estimates call for 2 million to 2.5 million deliveries this year, which would represent solid, but not outstanding, growth.Can AI save the day?Vehicle deliveries are likely to be the primary determinant of revenue and profit for Tesla in 2024, but investors will also be focused on developments in artificial intelligence. Ark Invest's Cathie Wood, for example, expects Tesla stock to gain roughly 700% by 2030 as robotaxis emerge as its primary revenue stream, and the company's bipedal autonomous robot, Optimus, also has the potential to invent a new category in AI.Tesla has thus far played coy with its AI projects, giving investors little information on when its developments might be monetized or when full self-driving will be fully available, but any progress on that front could juice the stock in 2024.Will Tesla cross the $1 trillion mark?Tesla has the potential to grow revenue and profits by 27% or more in 2024, but in order for the stock to cross the trillion-dollar mark, it will have to continue earning a premium from investors, which means it will either have to exceed analyst expectations or make significant progress in AI.Otherwise, the stock will be dependent on the same bullish sentiment that propelled it higher in 2023. While that could persist, over the long term, the company will need to deliver real profit growth and technological innovation for the stock to keep moving higher, as much is still expected from Tesla at its current valuation.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":238155220119728,"gmtCreate":1699179094276,"gmtModify":1699179098225,"author":{"id":"4147642889264222","authorId":"4147642889264222","name":"Zicco","avatar":"https://community-static.tradeup.com/news/49838eba77bd7118e01c47ad1c1d0ca6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4147642889264222","idStr":"4147642889264222"},"themes":[],"htmlText":"One word - \"Octastic\" - October and Fantastic combined. Jinko Solar ready to explode.","listText":"One word - \"Octastic\" - October and Fantastic combined. Jinko Solar ready to explode.","text":"One word - \"Octastic\" - October and Fantastic combined. 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