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m akhtaar

Associate - Hasan Venture Capital | Anti-hero

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02-27

Jimcramer - buy, strong buy 😂🤔

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02-24

Interesting perspective @AcidIce. Although with good leaders and being at the forefront with enough cash in bank, theres space and room for quick diversifIcation/innovation if need be - just like apple & microsoft.

Nvidia Is Now King of the Magnificent 7. Why It’s Not Even Close

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buy, strong buy 😂🤔","listText":"Jimcramer - buy, strong buy 😂🤔","text":"Jimcramer - buy, strong buy 😂🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278275772461200","repostId":"2414884141","repostType":2,"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":277411879235808,"gmtCreate":1708753521418,"gmtModify":1708758520106,"author":{"id":"4170040287591082","authorId":"4170040287591082","name":"m akhtaar","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4170040287591082","authorIdStr":"4170040287591082"},"themes":[],"htmlText":"Interesting perspective @AcidIce.&nbsp; Although with good leaders and being at the forefront with enough cash in bank, theres space and room for quick diversifIcation/innovation if need be - just like apple &amp; microsoft.","listText":"Interesting perspective @AcidIce.&nbsp; Although with good leaders and being at the forefront with enough cash in bank, theres space and room for quick diversifIcation/innovation if need be - just like apple &amp; microsoft.","text":"Interesting perspective @AcidIce. Although with good leaders and being at the forefront with enough cash in bank, theres space and room for quick diversifIcation/innovation if need be - just like apple & microsoft.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/277411879235808","repostId":"1110261111","repostType":4,"repost":{"id":"1110261111","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1708736400,"share":"https://ttm.financial/m/news/1110261111?lang=&edition=fundamental","pubTime":"2024-02-24 09:00","market":"us","language":"en","title":"Nvidia Is Now King of the Magnificent 7. Why It’s Not Even Close","url":"https://stock-news.laohu8.com/highlight/detail?id=1110261111","media":"Dow Jones","summary":"There’s Nvidia —and then there’s everybody else. Once again, the chip maker has proven that it stands alone as the king of the artificial intelligence boom.Nvidia’s revenue was up 265% in its latest q","content":"<html><head></head><body><p>There’s Nvidia —and then there’s everybody else. Once again, the chip maker has proven that it stands alone as the king of the artificial intelligence boom.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9af33d384920648443fc3f3855e3a6ec\" alt=\"Nvidia’s revenue was up 265% in its latest quarter. The rest of the companies in the so-called Magnificent 7 grew somewhere between 2% and 25%.\" title=\"Nvidia’s revenue was up 265% in its latest quarter. The rest of the companies in the so-called Magnificent 7 grew somewhere between 2% and 25%.\" tg-width=\"923\" tg-height=\"611\"/><span>Nvidia’s revenue was up 265% in its latest quarter. The rest of the companies in the so-called Magnificent 7 grew somewhere between 2% and 25%.</span></p><p style=\"text-align: start;\">Let’s look at the numbers. Nvidia was the last member of the Magnificent Seven to report this earnings season. The disparity between its results and its rivals almost reads like a typo.</p><p>The other six technology giants posted revenue growth, averaging in the midteens versus the prior year, ranging from 2% for Apple on the low end to Meta Platforms at 25% at the high end. Meanwhile, Nvidia’s major chip rivals, Advanced Micro Devices and Intel, both grew revenue by 10%.</p><p>Nvidia’s fiscal fourth quarter, reported Wednesday, is simply in a different league from the rest. Revenue for its latest quarter, which ended in January, grew by 265% year-over-year to $22.1 billion. Its data-center business, primarily driven by AI chip demand, was even more impressive, up 409% from last year, to $18.4 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00d3690d18b0351589e624cfd8da3109\" tg-width=\"504\" tg-height=\"646\"/></p><p>The guidance was also strong. For the current quarter, Nvidia provided a revenue forecast range with $24 billion at the midpoint. That’s way above the Wall Street consensus of $22.2 billion, and suggests another 234% of revenue growth in the current quarter.</p><p style=\"text-align: start;\">There’s no precedent for this kind of growth at a tech company as large as Nvidia. For bullish investors—and executives—it speaks to the power of AI. “Accelerated computing and generative AI have hit the tipping point,” Nvidia CEO Jensen Huang said during the company’s earnings release. “Demand is surging worldwide across companies, industries, and nations.”</p><p style=\"text-align: start;\">Nvidia said the rise in its data-center results reflected growing shipments of its Hopper GPUs used for running large language AI models and generative AI applications. Large cloud-computing providers—like Amazon AWS, Microsoft Azure, and Google Cloud—accounted for more than half of the data-center revenue for the quarter.</p><p style=\"text-align: start;\">Taking a step back, the company’s performance and strong outlook highlight Nvidia’s unassailable advantages: its prowess in managing its manufacturing supply chain and its ability to innovate quicker than its rivals.</p><p style=\"text-align: start;\">Quintupling data-center revenue is an incredible feat given that Nvidia is selling physical hardware. Unlike software, which essentially scales at no cost, Nvidia is producing and shipping complex products—the company’s high-end AI systems consist of 35,000 parts.</p><p style=\"text-align: start;\">In an interview after earnings, Nvidia Chief Financial Officer Colette Kress told me that the company’s growth was only possible thanks to the company’s three-decades-long relationships with key suppliers. “It’s a very complex process, and it takes both knowing your partners and understanding how they work,” the executive said, adding that Nvidia staff are on the phone with Taiwan Semiconductor Manufacturing, the company’s manufacturing partner, on a near-daily basis.</p><p style=\"text-align: start;\">Beyond the supply chain, Nvidia has also started to release chips at a faster pace. In October, management updated its investor presentation, showing that the company has moved from a two-year product cycle to a one-year cadence for its AI data-center product portfolio.</p><p style=\"text-align: start;\">I asked Kress about the new accelerated product launch cycle, and she confirmed that the one-year cadence remains the plan. “That’s the process we are on now,” she said. “We’ll talk quite a bit about that at GTC,” Nvidia’s developer conference that will be held in late March.</p><p style=\"text-align: start;\">At some point the growth has to slow or end—at least that is Wall Street’s fear. But there’s growing confidence that the chip maker may see a new wave of growth next year too. The company doesn’t officially forecast beyond one quarter, but on Wednesday’s earnings call Huang suggested that he expects Nvidia will grow its revenue in 2025.</p><p style=\"text-align: start;\">There are a couple of things Nvidia management mentioned that I believe can make that forecast a reality: demand for next-generation products and the growing market for large-language-model inference—the process of generating answers from those AI models.</p><p style=\"text-align: start;\">On the earnings call, Kress said that while supply for current AI GPUs is improving, and demand is strong, Nvidia also expects “our next-generation products to be supply constrained as demand far exceeds supply.” Kress told me that “interest is high” from customers for those upcoming products. She didn’t give a specific timeline for their release.</p><p>Nvidia has suggested in investor presentations that its next-generation AI GPU, the B100, will be released in the coming quarters. Analysts expect Nvidia to increase the price of the B100 over the current H100 model. The “upcoming Blackwell architecture will drive another step up in performance, while ASPs [pricing] will increase as well,” Baird analyst Tristan Gerra wrote on Tuesday.</p><p style=\"text-align: start;\">This past week’s earnings should put to rest one worry among Nvidia investors that the company’s current dominance in AI training won’t extend to the growing market around AI inference. But Nvidia revealed on Wednesday that inference already accounted for an estimated 40% of the company’s data-center revenue over the past year.</p><p style=\"text-align: start;\">The number is “indicative of the strong competitive position the company maintains for LLM [large-language model] inference,” TD Cowen analyst Matthew Ramsay wrote on Wednesday. Inference “requires full-stack acceleration,” he added, noting Nvidia’s ability to incorporate chips, networking, and software to optimize customer performance.</p><p style=\"text-align: start;\">Kress said that Nvidia’s products are compelling for customers because the company’s GPUs can be used for both training and inference, offering flexibility plus a higher level of performance and power efficiency that rivals can’t match.</p><p style=\"text-align: start;\">With investor worries about a lull in growth and market-share losses now reduced, Nvidia shares hit a record highs on Thursday and Friday, surging 8.5% on the week to $788.</p><p style=\"text-align: start;\">The advance gave the chip maker a $1.97 trillion market cap, pushing it past Amazon.com and Alphabet, to become the third most valuable U.S.-listed company. Just Apple and Microsoft are larger.</p><p style=\"text-align: start;\">If Nvidia posts a few more record-breaking quarters, it won’t be long before it’s king of the entire stock market—not just AI.</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>Nvidia Is Now King of the Magnificent 7. Why It’s Not Even Close</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\">\nNvidia Is Now King of the Magnificent 7. Why It’s Not Even Close\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\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\">2024-02-24 09:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>There’s Nvidia —and then there’s everybody else. Once again, the chip maker has proven that it stands alone as the king of the artificial intelligence boom.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9af33d384920648443fc3f3855e3a6ec\" alt=\"Nvidia’s revenue was up 265% in its latest quarter. The rest of the companies in the so-called Magnificent 7 grew somewhere between 2% and 25%.\" title=\"Nvidia’s revenue was up 265% in its latest quarter. The rest of the companies in the so-called Magnificent 7 grew somewhere between 2% and 25%.\" tg-width=\"923\" tg-height=\"611\"/><span>Nvidia’s revenue was up 265% in its latest quarter. The rest of the companies in the so-called Magnificent 7 grew somewhere between 2% and 25%.</span></p><p style=\"text-align: start;\">Let’s look at the numbers. Nvidia was the last member of the Magnificent Seven to report this earnings season. The disparity between its results and its rivals almost reads like a typo.</p><p>The other six technology giants posted revenue growth, averaging in the midteens versus the prior year, ranging from 2% for Apple on the low end to Meta Platforms at 25% at the high end. Meanwhile, Nvidia’s major chip rivals, Advanced Micro Devices and Intel, both grew revenue by 10%.</p><p>Nvidia’s fiscal fourth quarter, reported Wednesday, is simply in a different league from the rest. Revenue for its latest quarter, which ended in January, grew by 265% year-over-year to $22.1 billion. Its data-center business, primarily driven by AI chip demand, was even more impressive, up 409% from last year, to $18.4 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00d3690d18b0351589e624cfd8da3109\" tg-width=\"504\" tg-height=\"646\"/></p><p>The guidance was also strong. For the current quarter, Nvidia provided a revenue forecast range with $24 billion at the midpoint. That’s way above the Wall Street consensus of $22.2 billion, and suggests another 234% of revenue growth in the current quarter.</p><p style=\"text-align: start;\">There’s no precedent for this kind of growth at a tech company as large as Nvidia. For bullish investors—and executives—it speaks to the power of AI. “Accelerated computing and generative AI have hit the tipping point,” Nvidia CEO Jensen Huang said during the company’s earnings release. “Demand is surging worldwide across companies, industries, and nations.”</p><p style=\"text-align: start;\">Nvidia said the rise in its data-center results reflected growing shipments of its Hopper GPUs used for running large language AI models and generative AI applications. Large cloud-computing providers—like Amazon AWS, Microsoft Azure, and Google Cloud—accounted for more than half of the data-center revenue for the quarter.</p><p style=\"text-align: start;\">Taking a step back, the company’s performance and strong outlook highlight Nvidia’s unassailable advantages: its prowess in managing its manufacturing supply chain and its ability to innovate quicker than its rivals.</p><p style=\"text-align: start;\">Quintupling data-center revenue is an incredible feat given that Nvidia is selling physical hardware. Unlike software, which essentially scales at no cost, Nvidia is producing and shipping complex products—the company’s high-end AI systems consist of 35,000 parts.</p><p style=\"text-align: start;\">In an interview after earnings, Nvidia Chief Financial Officer Colette Kress told me that the company’s growth was only possible thanks to the company’s three-decades-long relationships with key suppliers. “It’s a very complex process, and it takes both knowing your partners and understanding how they work,” the executive said, adding that Nvidia staff are on the phone with Taiwan Semiconductor Manufacturing, the company’s manufacturing partner, on a near-daily basis.</p><p style=\"text-align: start;\">Beyond the supply chain, Nvidia has also started to release chips at a faster pace. In October, management updated its investor presentation, showing that the company has moved from a two-year product cycle to a one-year cadence for its AI data-center product portfolio.</p><p style=\"text-align: start;\">I asked Kress about the new accelerated product launch cycle, and she confirmed that the one-year cadence remains the plan. “That’s the process we are on now,” she said. “We’ll talk quite a bit about that at GTC,” Nvidia’s developer conference that will be held in late March.</p><p style=\"text-align: start;\">At some point the growth has to slow or end—at least that is Wall Street’s fear. But there’s growing confidence that the chip maker may see a new wave of growth next year too. The company doesn’t officially forecast beyond one quarter, but on Wednesday’s earnings call Huang suggested that he expects Nvidia will grow its revenue in 2025.</p><p style=\"text-align: start;\">There are a couple of things Nvidia management mentioned that I believe can make that forecast a reality: demand for next-generation products and the growing market for large-language-model inference—the process of generating answers from those AI models.</p><p style=\"text-align: start;\">On the earnings call, Kress said that while supply for current AI GPUs is improving, and demand is strong, Nvidia also expects “our next-generation products to be supply constrained as demand far exceeds supply.” Kress told me that “interest is high” from customers for those upcoming products. She didn’t give a specific timeline for their release.</p><p>Nvidia has suggested in investor presentations that its next-generation AI GPU, the B100, will be released in the coming quarters. Analysts expect Nvidia to increase the price of the B100 over the current H100 model. The “upcoming Blackwell architecture will drive another step up in performance, while ASPs [pricing] will increase as well,” Baird analyst Tristan Gerra wrote on Tuesday.</p><p style=\"text-align: start;\">This past week’s earnings should put to rest one worry among Nvidia investors that the company’s current dominance in AI training won’t extend to the growing market around AI inference. But Nvidia revealed on Wednesday that inference already accounted for an estimated 40% of the company’s data-center revenue over the past year.</p><p style=\"text-align: start;\">The number is “indicative of the strong competitive position the company maintains for LLM [large-language model] inference,” TD Cowen analyst Matthew Ramsay wrote on Wednesday. Inference “requires full-stack acceleration,” he added, noting Nvidia’s ability to incorporate chips, networking, and software to optimize customer performance.</p><p style=\"text-align: start;\">Kress said that Nvidia’s products are compelling for customers because the company’s GPUs can be used for both training and inference, offering flexibility plus a higher level of performance and power efficiency that rivals can’t match.</p><p style=\"text-align: start;\">With investor worries about a lull in growth and market-share losses now reduced, Nvidia shares hit a record highs on Thursday and Friday, surging 8.5% on the week to $788.</p><p style=\"text-align: start;\">The advance gave the chip maker a $1.97 trillion market cap, pushing it past Amazon.com and Alphabet, to become the third most valuable U.S.-listed company. Just Apple and Microsoft are larger.</p><p style=\"text-align: start;\">If Nvidia posts a few more record-breaking quarters, it won’t be long before it’s king of the entire stock market—not just AI.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110261111","content_text":"There’s Nvidia —and then there’s everybody else. Once again, the chip maker has proven that it stands alone as the king of the artificial intelligence boom.Nvidia’s revenue was up 265% in its latest quarter. The rest of the companies in the so-called Magnificent 7 grew somewhere between 2% and 25%.Let’s look at the numbers. Nvidia was the last member of the Magnificent Seven to report this earnings season. The disparity between its results and its rivals almost reads like a typo.The other six technology giants posted revenue growth, averaging in the midteens versus the prior year, ranging from 2% for Apple on the low end to Meta Platforms at 25% at the high end. Meanwhile, Nvidia’s major chip rivals, Advanced Micro Devices and Intel, both grew revenue by 10%.Nvidia’s fiscal fourth quarter, reported Wednesday, is simply in a different league from the rest. Revenue for its latest quarter, which ended in January, grew by 265% year-over-year to $22.1 billion. Its data-center business, primarily driven by AI chip demand, was even more impressive, up 409% from last year, to $18.4 billion.The guidance was also strong. For the current quarter, Nvidia provided a revenue forecast range with $24 billion at the midpoint. That’s way above the Wall Street consensus of $22.2 billion, and suggests another 234% of revenue growth in the current quarter.There’s no precedent for this kind of growth at a tech company as large as Nvidia. For bullish investors—and executives—it speaks to the power of AI. “Accelerated computing and generative AI have hit the tipping point,” Nvidia CEO Jensen Huang said during the company’s earnings release. “Demand is surging worldwide across companies, industries, and nations.”Nvidia said the rise in its data-center results reflected growing shipments of its Hopper GPUs used for running large language AI models and generative AI applications. Large cloud-computing providers—like Amazon AWS, Microsoft Azure, and Google Cloud—accounted for more than half of the data-center revenue for the quarter.Taking a step back, the company’s performance and strong outlook highlight Nvidia’s unassailable advantages: its prowess in managing its manufacturing supply chain and its ability to innovate quicker than its rivals.Quintupling data-center revenue is an incredible feat given that Nvidia is selling physical hardware. Unlike software, which essentially scales at no cost, Nvidia is producing and shipping complex products—the company’s high-end AI systems consist of 35,000 parts.In an interview after earnings, Nvidia Chief Financial Officer Colette Kress told me that the company’s growth was only possible thanks to the company’s three-decades-long relationships with key suppliers. “It’s a very complex process, and it takes both knowing your partners and understanding how they work,” the executive said, adding that Nvidia staff are on the phone with Taiwan Semiconductor Manufacturing, the company’s manufacturing partner, on a near-daily basis.Beyond the supply chain, Nvidia has also started to release chips at a faster pace. In October, management updated its investor presentation, showing that the company has moved from a two-year product cycle to a one-year cadence for its AI data-center product portfolio.I asked Kress about the new accelerated product launch cycle, and she confirmed that the one-year cadence remains the plan. “That’s the process we are on now,” she said. “We’ll talk quite a bit about that at GTC,” Nvidia’s developer conference that will be held in late March.At some point the growth has to slow or end—at least that is Wall Street’s fear. But there’s growing confidence that the chip maker may see a new wave of growth next year too. The company doesn’t officially forecast beyond one quarter, but on Wednesday’s earnings call Huang suggested that he expects Nvidia will grow its revenue in 2025.There are a couple of things Nvidia management mentioned that I believe can make that forecast a reality: demand for next-generation products and the growing market for large-language-model inference—the process of generating answers from those AI models.On the earnings call, Kress said that while supply for current AI GPUs is improving, and demand is strong, Nvidia also expects “our next-generation products to be supply constrained as demand far exceeds supply.” Kress told me that “interest is high” from customers for those upcoming products. She didn’t give a specific timeline for their release.Nvidia has suggested in investor presentations that its next-generation AI GPU, the B100, will be released in the coming quarters. Analysts expect Nvidia to increase the price of the B100 over the current H100 model. The “upcoming Blackwell architecture will drive another step up in performance, while ASPs [pricing] will increase as well,” Baird analyst Tristan Gerra wrote on Tuesday.This past week’s earnings should put to rest one worry among Nvidia investors that the company’s current dominance in AI training won’t extend to the growing market around AI inference. But Nvidia revealed on Wednesday that inference already accounted for an estimated 40% of the company’s data-center revenue over the past year.The number is “indicative of the strong competitive position the company maintains for LLM [large-language model] inference,” TD Cowen analyst Matthew Ramsay wrote on Wednesday. Inference “requires full-stack acceleration,” he added, noting Nvidia’s ability to incorporate chips, networking, and software to optimize customer performance.Kress said that Nvidia’s products are compelling for customers because the company’s GPUs can be used for both training and inference, offering flexibility plus a higher level of performance and power efficiency that rivals can’t match.With investor worries about a lull in growth and market-share losses now reduced, Nvidia shares hit a record highs on Thursday and Friday, surging 8.5% on the week to $788.The advance gave the chip maker a $1.97 trillion market cap, pushing it past Amazon.com and Alphabet, to become the third most valuable U.S.-listed company. Just Apple and Microsoft are larger.If Nvidia posts a few more record-breaking quarters, it won’t be long before it’s king of the entire stock market—not just AI.","news_type":1},"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":277411879235808,"gmtCreate":1708753521418,"gmtModify":1708758520106,"author":{"id":"4170040287591082","authorId":"4170040287591082","name":"m akhtaar","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4170040287591082","idStr":"4170040287591082"},"themes":[],"htmlText":"Interesting perspective @AcidIce.&nbsp; Although with good leaders and being at the forefront with enough cash in bank, theres space and room for quick diversifIcation/innovation if need be - just like apple &amp; microsoft.","listText":"Interesting perspective @AcidIce.&nbsp; Although with good leaders and being at the forefront with enough cash in bank, theres space and room for quick diversifIcation/innovation if need be - just like apple &amp; microsoft.","text":"Interesting perspective @AcidIce. Although with good leaders and being at the forefront with enough cash in bank, theres space and room for quick diversifIcation/innovation if need be - just like apple & microsoft.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/277411879235808","repostId":"1110261111","repostType":4,"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":278275772461200,"gmtCreate":1708966053663,"gmtModify":1708968702439,"author":{"id":"4170040287591082","authorId":"4170040287591082","name":"m akhtaar","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4170040287591082","idStr":"4170040287591082"},"themes":[],"htmlText":"Jimcramer - buy, strong buy 😂🤔","listText":"Jimcramer - buy, strong buy 😂🤔","text":"Jimcramer - buy, strong buy 😂🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278275772461200","repostId":"2414884141","repostType":2,"repost":{"id":"2414884141","pubTimestamp":1708952402,"share":"https://ttm.financial/m/news/2414884141?lang=&edition=fundamental","pubTime":"2024-02-26 21:00","market":"us","language":"en","title":"Airbnb Is at an Inflection Point as Travel Demand Returns","url":"https://stock-news.laohu8.com/highlight/detail?id=2414884141","media":"GuruFocus.com","summary":"Airbnb Inc.  reported its full-year 2023 earnings last week, and the results were much better than expected. The company divulged that travel demand surpassed expectations and there were indications in its metrics that implied demand would sustain throughout the year.GuruFocus has detected 6 Warning Signs with ABNB.In addition, the San Francisco-based company announced a $6 billion share buyback program. This is a new buyback program in addition to the $2.25 billion worth of shares it had already repurchased using its own free cash.With demand returning and the company firing on all of its financial metrics, I believe this travel experience company's stock is now at the turn of the tide with room to grow.While reviewing the underlying metrics, I noticed many indicators that looked a lot healthier. Longer-term stays of 28 days on the platform accounted for 19% of gross nights booked sequentially, increasing from the 18% level seen in the prior quarter. Ev","content":"<html><body><p>Airbnb Inc. (NASDAQ:ABNB) reported its full-year 2023 earnings last week, and the results were much better than expected. The company divulged that travel demand surpassed expectations and there were indications in its metrics that implied demand would sustain throughout the year.</p>\n<ul>\n<li>Warning! GuruFocus has detected 6 Warning Signs with ABNB.</li>\n</ul>\n<p>In addition, the San Francisco-based company announced a $6 billion share buyback program. This is a new buyback program in addition to the $2.25 billion worth of shares it had already repurchased using its own free cash.</p>\n<p>With demand returning and the company firing on all of its financial metrics, I believe this travel experience company's stock is now at the turn of the tide with room to grow.</p>\n<h3><strong>Business model in the post-pandemic world</strong></h3>\n<p>Founded over a decade ago, Airbnb developed its online platform as a marketplace that allows people to rent out their properties to travelers and other consumers looking for accommodation. Over time, the company also added the Experiences feature, which allows travelers to sign up for activities with local hosts or with other tour guides, allowing travelers to get unique experiences. Since the pandemic, Airbnb has also allowed hosts to offer online-only experiences.</p>\n<p>However, in the last few years, the company has been subject to severe criticism from travelers using the platform because Airbnb would allow its hosts to charge exorbitant incremental fees (room cleaning fees, as an example), in addition to the overall cost of a stay. In the last year, management has embarked on a mission to be upfront and transparent with its listing fees and, in some cases, to eliminate incremental fees entirely to build trust with its user base.</p>\n<p>Considering the company operates its business model as a marketplace platform, it manages the supply of hosts' properties with the demand from travelers and makes money by charging fees for any transaction that it facilitates on its platform. Hence, I will be reviewing operating metrics such as gross booking value.</p>\n<h3><strong>Quarterly results show demand coming back to the platform</strong></h3>\n<p>Airbnb's fourth-quarter revenue pleasantly surprised me as it grew by 17% to $2.20 billion, surpassing the $2.17 billion consensus estimates as well as the company's own guidance. Further, gross bookings value increased by 15% to $15.50 billion, as can be seen in the chart below, as the number of Nights and Experiences booked on the platform grew 12% to 98.80 million.</p>\n<p><img height=\"400\" src=\"https://s.yimg.com/uu/api/res/1.2/DvaUGppud88dXLr3yJstWw--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/us.finance.gurufocus/1681752eaaf1b6f3e855d8052d92297d\" width=\"550\"/></p>\n<p>This news was a positive development from what management guided for in in the third quarter, when they expected Nights and Experiences booked to moderate in the fourth quarter due to slower travel demand as geopolitical tensions took center stage in October of last year.</p>\n<p>While reviewing the underlying metrics, I noticed many indicators that looked a lot healthier. Longer-term stays of 28 days on the platform accounted for 19% of gross nights booked sequentially, increasing from the 18% level seen in the prior quarter. Even better, nights booked for trips over three months advanced approximately 20% compared to the year-ago quarter. Moreover, average daily rates increased by 3% from last year, suggesting travelers did not mind paying the marginal increase in rates.</p>\n<p>Demand dynamics on the platform also helped the company slightly increase its take rates to 14.30% from 14.10%. All these developments appeared to have an immediate positive effect on Airbnb's revenue, in my opinion, which increased 17% year over year to $9.90 billion, beating expectations. In addition to observing these trends, I also found some of the commentary from management to be very encouraging, as they noted they were seeing particular demand strength from first-time bookers who were booking more Nights on the platform.</p>\n<p>On the earnings front, Airbnb reported a loss of $349 million, or 55 cents a share, in the fourth quarter vs. a profit of $319 million, or 48 cents a share, a year earlier. The latest quarterly results included a charge of about $1 billion related to tax expenses. Excluding the tax charge and other adjustments, management reported net income of $489 million, an increase of 53%. I believe this was a strong show of earnings, minus the one-time tax charge, leading Airbnb to report record free cash of $3.8 billion, an increase of 12.70% year over year.</p>\n<p><img height=\"400\" src=\"https://s1.yimg.com/uu/api/res/1.2/cXJ_CTd79NwdbfUQTgz7MA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/us.finance.gurufocus/f65b97b874a0a99279ab1e02525522f3\" width=\"550\"/></p>\n<p>The company holds about $2.20 billion in debt. It carries about $2 billion of that debt in the form of 2026 convertible senior notes, while the rest is operating lease liabilities.</p>\n<h3>Outlook</h3>\n<p>In the previous section, I noted how some net positive developments were increasing the prospects for Airbnb's outlook in 2024. When answering a question about the macroenvironment moving forward on the earnings call, Chief Business Officer Dave Stephenson said:</p>\n<blockquote>\n<p>\"I think that we continue to see a very robust demand for people staying on Airbnbs versus just necessarily kind of buying other things. So the experiences over things continues to be a big trend. And we're excited to see the growth that we're continuing to see in our established businesses in North America and Europe and even greater growth in Latin America and Asia Pacific. As I said on the last question about doubling down and making sure that we invest in these expansion countries where we're underpenetrated, I think, that's going to continue to drive growth for us for the rest of the year.\"</p>\n</blockquote>\n<p>Per the above commentary, management also revealed their intentions to focus on newer and underpenetrated markets, giving the company considerable upside to scale the gross bookings value on the platform.</p>\n<p>For the first quarter, management projects revenue to grow 13% to $2.05 billion, ahead of consensus expectations of $2.03 billion. While management expects adjusted Ebitda to grow on a nominal basis, it anticipates adjusted Ebitda to contract to at least 35% versus the 37.40% seen in 2023. I believe the company will slightly expand its marketing budget this year to further expand just when demand is returning to the platform. Management spoke of investing in marketing initiatives such as full-funnel marketing. Moreover, I agree with management's view of expanding marketing budgets this year as Airbnb expands into newer markets.</p>\n<p><img height=\"400\" src=\"https://s1.yimg.com/uu/api/res/1.2/a8wCYEPzUgZcGJ.uRXbIUw--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/us.finance.gurufocus/d6b3da43745c00e4a243bba250ef87b2\" width=\"550\"/></p>\n<p>Assuming Airbnb's revenue grows at a compounded annual rate of 12.20% through 2028, I expect the company to expand its margins back to at least 37%, implying Ebitda will grow by a 14% rate on an adjusted basis. With these growth rates, a forward price-earnings ratio of 27 would be justified, implying upside from current levels.</p>\n<h3><strong>Risks and other factors to consider</strong></h3>\n<p>One of the key strengths of Airbnb is the supply of property listings that are available on its booking platform. If hosts on its platform do not see additional incentives in listing their properties on the platform, it would affect the supply of properties which, in the long run, would deter travelers from booking on Airbnb and moving to competitors. Competitors such as <a href=\"https://laohu8.com/S/EXPE\">Expedia</a>-owned (NASDAQ:EXPE) Vrbo and Booking.com (NASDAQ:BKNG) compete with Airbnb directly in the vacation rentals market, but Airbnb prides itself by differentiating its rentals platform from others on the strength of its supply. Per the earnings report, active listings on the platform exceeded 7.70 million in 2023, over three times more than the 2 million listings that Vrbo mentioned it had for the same period, per Expedia's recent 10-K report. So far, Airbnb has managed the hosts' supply of its platform economics well, but were hosts to move over their properties to competitors such as Vrbo, it would impact the company.</p>\n<p>Additionally, travel aggregator sites such as Expedia and Booking.com also work with hotel chains and other large lodging companies to list their hotel rooms on their websites. If Airbnb ceases to offer day rates at comparative value to hotel chains, it may severely impact its bookings and revenue prospects. Many travelers may directly book with hotel chains as well, which represents a lost opportunity for Airbnb.</p>\n<p>Finally, regulation is another gray area that poses some headwind for the company. In September, New York's short-term rental law went into effect, impacting many Airbnb hosts' ability to lease rentals for less than 30 days. While the company says the impact is not material, it would become a significant headwind if other jurisdictions drafted similar bills.</p>\n<h3><strong>Takeaways</strong></h3>\n<p>For now, the changes that Airbnb has made to its business model is working well and the company looks set to reap the benefits of its cost initiatives and investments. The company is demonstrating acuity in managing platform dynamics by inviting more hosts and giving travelers compelling reasons to use its platform. With these trends persisting throughout the year, I expect Airbnb's stock to move higher.</p>This article first appeared on \nGuruFocus.\n<br/></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Airbnb Is at an Inflection Point as Travel Demand Returns</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\">\nAirbnb Is at an Inflection Point as Travel Demand Returns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-26 21:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/airbnb-inflection-point-travel-demand-130002043.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Airbnb Inc. (NASDAQ:ABNB) reported its full-year 2023 earnings last week, and the results were much better than expected. The company divulged that travel demand surpassed expectations and there were ...</p>\n\n<a href=\"https://finance.yahoo.com/news/airbnb-inflection-point-travel-demand-130002043.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/Y_mlyrag6kS.garp6xcVFw--~B/aD03OTQ7dz0xOTY2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/us.finance.gurufocus/1681752eaaf1b6f3e855d8052d92297d","relate_stocks":{"BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","BK4566":"资本集团","EXPE":"Expedia","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0557290698.USD":"施罗德环球可持续增长基金","BK4535":"淡马锡持仓","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","BK4588":"碎股","LU0823411888.USD":"法巴消费创新基金 Cap","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","BK4505":"高瓴资本持仓","BK4561":"索罗斯持仓","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","BK4142":"酒店、度假村与豪华游轮","BK4548":"巴美列捷福持仓","BKNG":"Booking Holdings","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IPXX":"Inflection Point Acquisition Corp II","ABNB":"爱彼迎","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC"},"source_url":"https://finance.yahoo.com/news/airbnb-inflection-point-travel-demand-130002043.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2414884141","content_text":"Airbnb Inc. (NASDAQ:ABNB) reported its full-year 2023 earnings last week, and the results were much better than expected. The company divulged that travel demand surpassed expectations and there were indications in its metrics that implied demand would sustain throughout the year.\n\nWarning! GuruFocus has detected 6 Warning Signs with ABNB.\n\nIn addition, the San Francisco-based company announced a $6 billion share buyback program. This is a new buyback program in addition to the $2.25 billion worth of shares it had already repurchased using its own free cash.\nWith demand returning and the company firing on all of its financial metrics, I believe this travel experience company's stock is now at the turn of the tide with room to grow.\nBusiness model in the post-pandemic world\nFounded over a decade ago, Airbnb developed its online platform as a marketplace that allows people to rent out their properties to travelers and other consumers looking for accommodation. Over time, the company also added the Experiences feature, which allows travelers to sign up for activities with local hosts or with other tour guides, allowing travelers to get unique experiences. Since the pandemic, Airbnb has also allowed hosts to offer online-only experiences.\nHowever, in the last few years, the company has been subject to severe criticism from travelers using the platform because Airbnb would allow its hosts to charge exorbitant incremental fees (room cleaning fees, as an example), in addition to the overall cost of a stay. In the last year, management has embarked on a mission to be upfront and transparent with its listing fees and, in some cases, to eliminate incremental fees entirely to build trust with its user base.\nConsidering the company operates its business model as a marketplace platform, it manages the supply of hosts' properties with the demand from travelers and makes money by charging fees for any transaction that it facilitates on its platform. Hence, I will be reviewing operating metrics such as gross booking value.\nQuarterly results show demand coming back to the platform\nAirbnb's fourth-quarter revenue pleasantly surprised me as it grew by 17% to $2.20 billion, surpassing the $2.17 billion consensus estimates as well as the company's own guidance. Further, gross bookings value increased by 15% to $15.50 billion, as can be seen in the chart below, as the number of Nights and Experiences booked on the platform grew 12% to 98.80 million.\n\nThis news was a positive development from what management guided for in in the third quarter, when they expected Nights and Experiences booked to moderate in the fourth quarter due to slower travel demand as geopolitical tensions took center stage in October of last year.\nWhile reviewing the underlying metrics, I noticed many indicators that looked a lot healthier. Longer-term stays of 28 days on the platform accounted for 19% of gross nights booked sequentially, increasing from the 18% level seen in the prior quarter. Even better, nights booked for trips over three months advanced approximately 20% compared to the year-ago quarter. Moreover, average daily rates increased by 3% from last year, suggesting travelers did not mind paying the marginal increase in rates.\nDemand dynamics on the platform also helped the company slightly increase its take rates to 14.30% from 14.10%. All these developments appeared to have an immediate positive effect on Airbnb's revenue, in my opinion, which increased 17% year over year to $9.90 billion, beating expectations. In addition to observing these trends, I also found some of the commentary from management to be very encouraging, as they noted they were seeing particular demand strength from first-time bookers who were booking more Nights on the platform.\nOn the earnings front, Airbnb reported a loss of $349 million, or 55 cents a share, in the fourth quarter vs. a profit of $319 million, or 48 cents a share, a year earlier. The latest quarterly results included a charge of about $1 billion related to tax expenses. Excluding the tax charge and other adjustments, management reported net income of $489 million, an increase of 53%. I believe this was a strong show of earnings, minus the one-time tax charge, leading Airbnb to report record free cash of $3.8 billion, an increase of 12.70% year over year.\n\nThe company holds about $2.20 billion in debt. It carries about $2 billion of that debt in the form of 2026 convertible senior notes, while the rest is operating lease liabilities.\nOutlook\nIn the previous section, I noted how some net positive developments were increasing the prospects for Airbnb's outlook in 2024. When answering a question about the macroenvironment moving forward on the earnings call, Chief Business Officer Dave Stephenson said:\n\n\"I think that we continue to see a very robust demand for people staying on Airbnbs versus just necessarily kind of buying other things. So the experiences over things continues to be a big trend. And we're excited to see the growth that we're continuing to see in our established businesses in North America and Europe and even greater growth in Latin America and Asia Pacific. As I said on the last question about doubling down and making sure that we invest in these expansion countries where we're underpenetrated, I think, that's going to continue to drive growth for us for the rest of the year.\"\n\nPer the above commentary, management also revealed their intentions to focus on newer and underpenetrated markets, giving the company considerable upside to scale the gross bookings value on the platform.\nFor the first quarter, management projects revenue to grow 13% to $2.05 billion, ahead of consensus expectations of $2.03 billion. While management expects adjusted Ebitda to grow on a nominal basis, it anticipates adjusted Ebitda to contract to at least 35% versus the 37.40% seen in 2023. I believe the company will slightly expand its marketing budget this year to further expand just when demand is returning to the platform. Management spoke of investing in marketing initiatives such as full-funnel marketing. Moreover, I agree with management's view of expanding marketing budgets this year as Airbnb expands into newer markets.\n\nAssuming Airbnb's revenue grows at a compounded annual rate of 12.20% through 2028, I expect the company to expand its margins back to at least 37%, implying Ebitda will grow by a 14% rate on an adjusted basis. With these growth rates, a forward price-earnings ratio of 27 would be justified, implying upside from current levels.\nRisks and other factors to consider\nOne of the key strengths of Airbnb is the supply of property listings that are available on its booking platform. If hosts on its platform do not see additional incentives in listing their properties on the platform, it would affect the supply of properties which, in the long run, would deter travelers from booking on Airbnb and moving to competitors. Competitors such as Expedia-owned (NASDAQ:EXPE) Vrbo and Booking.com (NASDAQ:BKNG) compete with Airbnb directly in the vacation rentals market, but Airbnb prides itself by differentiating its rentals platform from others on the strength of its supply. Per the earnings report, active listings on the platform exceeded 7.70 million in 2023, over three times more than the 2 million listings that Vrbo mentioned it had for the same period, per Expedia's recent 10-K report. So far, Airbnb has managed the hosts' supply of its platform economics well, but were hosts to move over their properties to competitors such as Vrbo, it would impact the company.\nAdditionally, travel aggregator sites such as Expedia and Booking.com also work with hotel chains and other large lodging companies to list their hotel rooms on their websites. If Airbnb ceases to offer day rates at comparative value to hotel chains, it may severely impact its bookings and revenue prospects. Many travelers may directly book with hotel chains as well, which represents a lost opportunity for Airbnb.\nFinally, regulation is another gray area that poses some headwind for the company. In September, New York's short-term rental law went into effect, impacting many Airbnb hosts' ability to lease rentals for less than 30 days. While the company says the impact is not material, it would become a significant headwind if other jurisdictions drafted similar bills.\nTakeaways\nFor now, the changes that Airbnb has made to its business model is working well and the company looks set to reap the benefits of its cost initiatives and investments. The company is demonstrating acuity in managing platform dynamics by inviting more hosts and giving travelers compelling reasons to use its platform. With these trends persisting throughout the year, I expect Airbnb's stock to move higher.This article first appeared on \nGuruFocus.","news_type":1},"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}