To The Moon

Baidu has US$25b in cash .. It's market cap is now USS$33b.. which means that 77% of market cap is cash. imagine that. If you exclude cash, then the stock is trading at US$8b/ US$1.8b( annualised FCF) or about 4.3x FCF.  The decline in the stock price is a bear raid.. and is totally devoid of fundamentals .. unfortunately analysts are silent.. am a bit at US$94.0

Absurd rise in share price .. is t he US consumer Gona shell out additional funds just because of AI feature ? Just ridiculous..the fact that Apple have not said how they will monetise the AI feature speaks volumes about their confidence level , yet analysts go berserk with the share price target .

Goldman by its sheer influence might be able to influence the direction of the stock. However on a PE or Price to Operating cash flow  Basis , AMD is super expensive and showed qoq decline in earnings .. so it is a leap of faith, the way I look at it ..

Disagree about SGX and Fraser's Centrepoint . On SGX.. delimiting have exceeded new  Listings.  volume on Sg bourse continues to Decline and Gen Y is only interested in trading US stocks and crypto.  Liquidity is abysmal. On Fraser Centrepoint , while mall locations are good.. consumer spending is hollowi g out and inflation is decreasing g purchasing power . The ability to raise rental is questionable.

Kinda of late warning.. stock is down more than 10% from peak. 

Very few ppl use PayPal now. It is obsolete.

did they conduct a survey on fund managers think of Nvidia ? 

JD giving subsidies is bad.. Tesla cutting prices is good? Quite biased research in my Opinion and not based on current fundamentals..