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Jayne seah

Jayne seah

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2021-05-06

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3 Companies That Will Directly Benefit From an EV Boom<blockquote>3 家公司将直接受益于电动汽车热潮</blockquote>

2021-07-13

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2021-05-12

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2021-03-24

[财迷]

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2021-03-15

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2021-05-03

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Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、维亚康姆哥伦比亚广播公司、通用汽车等投资者本周值得关注的股票</blockquote>

2021-04-17

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$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440 亿美元的期权今天到期：以下是将会发生的变化</blockquote>

2021-07-21

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2021-06-25

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These 4 Soaring Nasdaq Stocks Just Got an Unexpected Gift<blockquote>这4只飙升的纳斯达克股票刚刚收到了一份意想不到的礼物</blockquote>

2021-05-05

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What you should know Ark Invest's ace stock picker<blockquote>凯西·伍德是谁？您应该知道什么 Ark Investment 的王牌选股师</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1156125276","media":"MoneyWise","summary":"Move over, Warren Buffett. There’s a new oracle in town.\nLast year, Cathie Wood, founder of asset ma","content":"<p>Move over, Warren Buffett. There’s a new oracle in town.</p><p><blockquote>让开，沃伦·巴菲特。镇上来了一位新神谕。</blockquote></p><p> Last year, Cathie Wood, founder of asset management firm Ark Invest, established herself as a master of the modern exchange-traded fund (ETF). In 2020, her flagship Ark Innovation ETF (ARKK) posted eye-watering gains of 153%, easily crushing the return of the overall stock market.</p><p><blockquote>去年，资产管理公司 Ark Invest 的创始人凯西·伍德 (Cathie Wood) 将自己确立为现代交易所交易基金 (ETF) 的大师。2020年，她的旗舰方舟创新ETF（ARKK）公布了令人瞠目结舌的153%的涨幅，轻松碾压了整体股市的回报。</blockquote></p><p> Over the past five years, ARKK has averaged an annual return of greater than 40%.</p><p><blockquote>过去五年，ARKK 的平均年回报率超过 40%。</blockquote></p><p> While ARKK and another of the company’s funds, Ark Genomic Revolution ETF (ARKG), have struggled this year, money from investors continues to pour in and CEOs like Elon Musk want to be on her podcast. You may even have Ark fundsin your portfolio.</p><p><blockquote>虽然 ARKK 和该公司的另一只基金 Ark Genomic Revolution ETF (ARKG) 今年举步维艰，但投资者的资金仍在不断涌入，埃隆-马斯克（Elon Musk）等首席执行官也希望参加她的播客节目。你的投资组合中甚至可能有方舟基金。</blockquote></p><p> Despite the choppy road Wood's offerings have bumped along in the past few months, investors continue to hold on. Here's why.</p><p><blockquote>尽管 road Wood 的发行在过去几个月中有所波动，但投资者仍继续持有。原因如下。</blockquote></p><p> <b>Just who is Cathie Wood?</b></p><p><blockquote><b>凯西·伍德是谁？</b></blockquote></p><p> When she founded Ark Invest in 2014, Wood had already amassed 40 years of experience researching and investing in innovation. She managed over $5 billion in assets at AllianceBernstein and over $800 million at hedge fund Tupelo Capital Management, which she also founded.</p><p><blockquote>当她在2014年创立Ark Invest时，伍德已经积累了40年的创新研究和投资经验。她在 AllianceBernstein 管理着超过 50 亿美元的资产，在她创立的对冲基金 Tupelo Capital Management 管理着超过 8 亿美元的资产。</blockquote></p><p> Wood launched Ark as a means of packaging active stock portfolios in an ETF format.</p><p><blockquote>Wood 推出 Ark 作为以 ETF 格式打包活跃股票投资组合的一种方式。</blockquote></p><p> By concentrating on innovative, disruptive technologies, Arkinvests in companieswith the potential for both explosive short-term growth and long-term relevance. As the company’s CIO and portfolio manager, the final call on Ark’s investment decisions is Wood’s to make.</p><p><blockquote>通过专注于创新、颠覆性技术，ARKIN投资于具有爆炸性短期增长潜力和长期相关性的公司。作为公司的首席信息官和投资组合经理，伍德对 Ark 的投资决策做出最终看涨期权。</blockquote></p><p> Wood has received plenty of recognition for her investment performance in recent years.</p><p><blockquote>伍德近年来的投资表现得到了很多认可。</blockquote></p><p> She was a featured speaker at the World Economic Forum (China) in 2016 and 2017. In 2018, she was selected by Bloomberg as one of the 50 people defining global business. In 2019,<i>Fortune</i>chose Wood to be one of the experts included in the publication’s annual<i>Fortune Investors Guide</i>.</p><p><blockquote>她是2016年和2017年世界经济论坛（中国）的主题演讲嘉宾。2018年，她被彭博社选为定义全球商业的50人之一。2019年，<i>财富</i>选择伍德作为该出版物年度报告的专家之一。<i>财富投资者指南</i>.</blockquote></p><p> As of Aug. 11,<i>Forbes</i>estimated Wood’s net worth to be $400 million.</p><p><blockquote>截至8月11日，<i>福布斯</i>伍德的净资产估计为 4 亿美元。</blockquote></p><p> <b>Investment philosophy and performance</b></p><p><blockquote><b>投资理念与业绩</b></blockquote></p><p> Ark Invest describes its sole focus as “disruptive innovation,” which allows the firm toinvest in companieswhose products and services are expected to meet the needs of a planet that’s barrelling from crisis to crisis.</p><p><blockquote>Ark Invest 将其唯一的关注点描述为 “颠覆性创新”，这使得公司能够投资那些产品和服务有望满足地球需求的公司。</blockquote></p><p> Ark’s big bet is that technology is the most effective solution to these crises and that a disruption-first ethos is a primary path to greater returns.</p><p><blockquote>Ark 的最大赌注是，技术是解决这些危机的最有效方案，而颠覆第一的理念是获得更高回报的主要途径。</blockquote></p><p> “We’re all about finding the next big thing,” reads a quote from Wood on Ark Invest’s website. “Those hewing to the benchmarks, which are backwards looking, are not about the future. They are about what has worked. We’re all about what is going to work.”</p><p><blockquote>“Ark Invest 网站上引用伍德的话说：”我们都在寻找下一个大事件。“那些坚持基准、向后看的人，不是在关注未来。他们关心的是已经奏效的方法。我们都关心什么会奏效”。</blockquote></p><p> And Wood’s picks are most definitely working.</p><p><blockquote>伍德的选择绝对有效。</blockquote></p><p> Despite the recent sluggishness that ARKK and ARKG are experiencing, both funds have crushed the market over the past five years</p><p><blockquote>尽管 ARKK 和 ARKG 最近经历了低迷，但这两只基金在过去五年中都碾压了市场</blockquote></p><p> ARKK, which includes tech heavyweights Tesla, Zoom, Coinbase, and Shopify among others, has grown by about 450% since the summer of 2016.</p><p><blockquote>ARKK 包括科技巨头特斯拉、Zoom、比特币基地和 Shopify 等，自 2016 年夏季以来增长了约 450%。</blockquote></p><p> Meanwhile, ARKG, which targets technologies like molecular diagnostic and genetics, and holds companies such as virtual healthcare provider Teladoc Health and Regeneron Pharmaceuticals, is up roughly 340% over the same time period.</p><p><blockquote>与此同时，以分子诊断和遗传学等技术为目标，并拥有虚拟医疗保健提供商 Teladoc Health 和再生元制药等公司的 ARKG 同期股价上涨了约 340%。</blockquote></p><p> <b>Recent struggles providing a buying window?</b></p><p><blockquote><b>最近难以提供购买窗口？</b></blockquote></p><p> Investors who purchased either ARKK or ARKG in 2021 have had little to celebrate, with the ETFs posting year-to-date declines of 9% and 15%, respectively.</p><p><blockquote>2021 年购买 ARKK 或 ARKG 的投资者没有什么值得庆祝的，ETF 年初至今分别下跌了 9% 和 15%。</blockquote></p><p> With investors changing course from growth stocks to economic recovery plays this year, many of Ark’s tech-focused plays have seen their shares decline, dragging down the value of Ark’s ETFs.</p><p><blockquote>今年，随着投资者从成长型股票转向经济复苏型股票，Ark 的许多科技型股票的股价都出现了下跌，拖累了 Ark 的 ETF 价值。</blockquote></p><p> It’s one of the risks of the company’s relatively narrow focus.</p><p><blockquote>这是公司关注点相对狭窄的风险之一。</blockquote></p><p> But despite the recent weakness, investors aren’t exactly losing confidence in the Ark ETFs. In fact, they’re backing Wood with even more money, suggesting they see the dip as an attractive buying opportunity.</p><p><blockquote>尽管近期表现疲软，但投资者并没有对方舟 ETF 失去信心。事实上，他们正在用更多的资金支持伍德，这表明他们将下跌视为一个有吸引力的买入机会。</blockquote></p><p> For instance, ARKK has seen nearly $5.9 billion in inflows this year, bringing its total assets under management to a whopping $22.6 billion.</p><p><blockquote>例如，ARKK 今年的资金流入接近 59 亿美元，使其管理的总资产达到 226 亿美元。</blockquote></p><p> <b>ETFs and beyond</b></p><p><blockquote><b>ETF 及其他</b></blockquote></p><p> Purchasing Ark ETFs is easier than you think. And now might be an ideal time to do it.</p><p><blockquote>购买 Ark ETF 比您想象的要容易。现在可能是这样做的理想时机。</blockquote></p><p> You can get started witha popular investing app, which offers not only ETFs, but also fractional shares. Another app allows you to build a diversified portfolio with little more than the“spare change” left over from your everyday purchases.</p><p><blockquote>您可以从流行的投资应用程序开始，该应用程序不仅提供 ETF，还提供零碎股票。另一款应用程序可以让你用日常购物剩下的 “零钱 ”建立一个多元化的投资组合。</blockquote></p><p> With a little help from theright platform, you can invest alongside Cathie Wood and, hopefully, profit massively from her next set of big ideas.</p><p><blockquote>在这个平台的一点帮助下，你可以和凯西·伍德一起投资，并有望从她的下一套大想法中获得巨额利润。</blockquote></p><p></p>","source":"lsy1621813427262","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>Who is Cathie Wood? What you should know Ark Invest's ace stock picker<blockquote>凯西·伍德是谁？您应该知道什么 Ark Investment 的王牌选股师</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nWho is Cathie Wood? What you should know Ark Invest's ace stock picker<blockquote>凯西·伍德是谁？您应该知道什么 Ark Investment 的王牌选股师</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MoneyWise</strong><span class=\"h-time small\">2021-08-22 11:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Move over, Warren Buffett. There’s a new oracle in town.</p><p><blockquote>让开，沃伦·巴菲特。镇上来了一位新神谕。</blockquote></p><p> Last year, Cathie Wood, founder of asset management firm Ark Invest, established herself as a master of the modern exchange-traded fund (ETF). In 2020, her flagship Ark Innovation ETF (ARKK) posted eye-watering gains of 153%, easily crushing the return of the overall stock market.</p><p><blockquote>去年，资产管理公司 Ark Invest 的创始人凯西·伍德 (Cathie Wood) 将自己确立为现代交易所交易基金 (ETF) 的大师。2020年，她的旗舰方舟创新ETF（ARKK）公布了令人瞠目结舌的153%的涨幅，轻松碾压了整体股市的回报。</blockquote></p><p> Over the past five years, ARKK has averaged an annual return of greater than 40%.</p><p><blockquote>过去五年，ARKK 的平均年回报率超过 40%。</blockquote></p><p> While ARKK and another of the company’s funds, Ark Genomic Revolution ETF (ARKG), have struggled this year, money from investors continues to pour in and CEOs like Elon Musk want to be on her podcast. You may even have Ark fundsin your portfolio.</p><p><blockquote>虽然 ARKK 和该公司的另一只基金 Ark Genomic Revolution ETF (ARKG) 今年举步维艰，但投资者的资金仍在不断涌入，埃隆-马斯克（Elon Musk）等首席执行官也希望参加她的播客节目。你的投资组合中甚至可能有方舟基金。</blockquote></p><p> Despite the choppy road Wood's offerings have bumped along in the past few months, investors continue to hold on. Here's why.</p><p><blockquote>尽管 road Wood 的发行在过去几个月中有所波动，但投资者仍继续持有。原因如下。</blockquote></p><p> <b>Just who is Cathie Wood?</b></p><p><blockquote><b>凯西·伍德是谁？</b></blockquote></p><p> When she founded Ark Invest in 2014, Wood had already amassed 40 years of experience researching and investing in innovation. She managed over $5 billion in assets at AllianceBernstein and over $800 million at hedge fund Tupelo Capital Management, which she also founded.</p><p><blockquote>当她在2014年创立Ark Invest时，伍德已经积累了40年的创新研究和投资经验。她在 AllianceBernstein 管理着超过 50 亿美元的资产，在她创立的对冲基金 Tupelo Capital Management 管理着超过 8 亿美元的资产。</blockquote></p><p> Wood launched Ark as a means of packaging active stock portfolios in an ETF format.</p><p><blockquote>Wood 推出 Ark 作为以 ETF 格式打包活跃股票投资组合的一种方式。</blockquote></p><p> By concentrating on innovative, disruptive technologies, Arkinvests in companieswith the potential for both explosive short-term growth and long-term relevance. As the company’s CIO and portfolio manager, the final call on Ark’s investment decisions is Wood’s to make.</p><p><blockquote>通过专注于创新、颠覆性技术，ARKIN投资于具有爆炸性短期增长潜力和长期相关性的公司。作为公司的首席信息官和投资组合经理，伍德对 Ark 的投资决策做出最终看涨期权。</blockquote></p><p> Wood has received plenty of recognition for her investment performance in recent years.</p><p><blockquote>伍德近年来的投资表现得到了很多认可。</blockquote></p><p> She was a featured speaker at the World Economic Forum (China) in 2016 and 2017. In 2018, she was selected by Bloomberg as one of the 50 people defining global business. In 2019,<i>Fortune</i>chose Wood to be one of the experts included in the publication’s annual<i>Fortune Investors Guide</i>.</p><p><blockquote>她是2016年和2017年世界经济论坛（中国）的主题演讲嘉宾。2018年，她被彭博社选为定义全球商业的50人之一。2019年，<i>财富</i>选择伍德作为该出版物年度报告的专家之一。<i>财富投资者指南</i>.</blockquote></p><p> As of Aug. 11,<i>Forbes</i>estimated Wood’s net worth to be $400 million.</p><p><blockquote>截至8月11日，<i>福布斯</i>伍德的净资产估计为 4 亿美元。</blockquote></p><p> <b>Investment philosophy and performance</b></p><p><blockquote><b>投资理念与业绩</b></blockquote></p><p> Ark Invest describes its sole focus as “disruptive innovation,” which allows the firm toinvest in companieswhose products and services are expected to meet the needs of a planet that’s barrelling from crisis to crisis.</p><p><blockquote>Ark Invest 将其唯一的关注点描述为 “颠覆性创新”，这使得公司能够投资那些产品和服务有望满足地球需求的公司。</blockquote></p><p> Ark’s big bet is that technology is the most effective solution to these crises and that a disruption-first ethos is a primary path to greater returns.</p><p><blockquote>Ark 的最大赌注是，技术是解决这些危机的最有效方案，而颠覆第一的理念是获得更高回报的主要途径。</blockquote></p><p> “We’re all about finding the next big thing,” reads a quote from Wood on Ark Invest’s website. “Those hewing to the benchmarks, which are backwards looking, are not about the future. They are about what has worked. We’re all about what is going to work.”</p><p><blockquote>“Ark Invest 网站上引用伍德的话说：”我们都在寻找下一个大事件。“那些坚持基准、向后看的人，不是在关注未来。他们关心的是已经奏效的方法。我们都关心什么会奏效”。</blockquote></p><p> And Wood’s picks are most definitely working.</p><p><blockquote>伍德的选择绝对有效。</blockquote></p><p> Despite the recent sluggishness that ARKK and ARKG are experiencing, both funds have crushed the market over the past five years</p><p><blockquote>尽管 ARKK 和 ARKG 最近经历了低迷，但这两只基金在过去五年中都碾压了市场</blockquote></p><p> ARKK, which includes tech heavyweights Tesla, Zoom, Coinbase, and Shopify among others, has grown by about 450% since the summer of 2016.</p><p><blockquote>ARKK 包括科技巨头特斯拉、Zoom、比特币基地和 Shopify 等，自 2016 年夏季以来增长了约 450%。</blockquote></p><p> Meanwhile, ARKG, which targets technologies like molecular diagnostic and genetics, and holds companies such as virtual healthcare provider Teladoc Health and Regeneron Pharmaceuticals, is up roughly 340% over the same time period.</p><p><blockquote>与此同时，以分子诊断和遗传学等技术为目标，并拥有虚拟医疗保健提供商 Teladoc Health 和再生元制药等公司的 ARKG 同期股价上涨了约 340%。</blockquote></p><p> <b>Recent struggles providing a buying window?</b></p><p><blockquote><b>最近难以提供购买窗口？</b></blockquote></p><p> Investors who purchased either ARKK or ARKG in 2021 have had little to celebrate, with the ETFs posting year-to-date declines of 9% and 15%, respectively.</p><p><blockquote>2021 年购买 ARKK 或 ARKG 的投资者没有什么值得庆祝的，ETF 年初至今分别下跌了 9% 和 15%。</blockquote></p><p> With investors changing course from growth stocks to economic recovery plays this year, many of Ark’s tech-focused plays have seen their shares decline, dragging down the value of Ark’s ETFs.</p><p><blockquote>今年，随着投资者从成长型股票转向经济复苏型股票，Ark 的许多科技型股票的股价都出现了下跌，拖累了 Ark 的 ETF 价值。</blockquote></p><p> It’s one of the risks of the company’s relatively narrow focus.</p><p><blockquote>这是公司关注点相对狭窄的风险之一。</blockquote></p><p> But despite the recent weakness, investors aren’t exactly losing confidence in the Ark ETFs. In fact, they’re backing Wood with even more money, suggesting they see the dip as an attractive buying opportunity.</p><p><blockquote>尽管近期表现疲软，但投资者并没有对方舟 ETF 失去信心。事实上，他们正在用更多的资金支持伍德，这表明他们将下跌视为一个有吸引力的买入机会。</blockquote></p><p> For instance, ARKK has seen nearly $5.9 billion in inflows this year, bringing its total assets under management to a whopping $22.6 billion.</p><p><blockquote>例如，ARKK 今年的资金流入接近 59 亿美元，使其管理的总资产达到 226 亿美元。</blockquote></p><p> <b>ETFs and beyond</b></p><p><blockquote><b>ETF 及其他</b></blockquote></p><p> Purchasing Ark ETFs is easier than you think. And now might be an ideal time to do it.</p><p><blockquote>购买 Ark ETF 比您想象的要容易。现在可能是这样做的理想时机。</blockquote></p><p> You can get started witha popular investing app, which offers not only ETFs, but also fractional shares. Another app allows you to build a diversified portfolio with little more than the“spare change” left over from your everyday purchases.</p><p><blockquote>您可以从流行的投资应用程序开始，该应用程序不仅提供 ETF，还提供零碎股票。另一款应用程序可以让你用日常购物剩下的 “零钱 ”建立一个多元化的投资组合。</blockquote></p><p> With a little help from theright platform, you can invest alongside Cathie Wood and, hopefully, profit massively from her next set of big ideas.</p><p><blockquote>在这个平台的一点帮助下，你可以和凯西·伍德一起投资，并有望从她的下一套大想法中获得巨额利润。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/cathie-wood-know-ark-invests-221500163.html\">MoneyWise</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/cathie-wood-know-ark-invests-221500163.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156125276","content_text":"Move over, Warren Buffett. There’s a new oracle in town.\nLast year, Cathie Wood, founder of asset management firm Ark Invest, established herself as a master of the modern exchange-traded fund (ETF). In 2020, her flagship Ark Innovation ETF (ARKK) posted eye-watering gains of 153%, easily crushing the return of the overall stock market.\nOver the past five years, ARKK has averaged an annual return of greater than 40%.\nWhile ARKK and another of the company’s funds, Ark Genomic Revolution ETF (ARKG), have struggled this year, money from investors continues to pour in and CEOs like Elon Musk want to be on her podcast. You may even have Ark fundsin your portfolio.\nDespite the choppy road Wood's offerings have bumped along in the past few months, investors continue to hold on. Here's why.\nJust who is Cathie Wood?\nWhen she founded Ark Invest in 2014, Wood had already amassed 40 years of experience researching and investing in innovation. She managed over $5 billion in assets at AllianceBernstein and over $800 million at hedge fund Tupelo Capital Management, which she also founded.\nWood launched Ark as a means of packaging active stock portfolios in an ETF format.\nBy concentrating on innovative, disruptive technologies, Arkinvests in companieswith the potential for both explosive short-term growth and long-term relevance. As the company’s CIO and portfolio manager, the final call on Ark’s investment decisions is Wood’s to make.\nWood has received plenty of recognition for her investment performance in recent years.\nShe was a featured speaker at the World Economic Forum (China) in 2016 and 2017. In 2018, she was selected by Bloomberg as one of the 50 people defining global business. In 2019,Fortunechose Wood to be one of the experts included in the publication’s annualFortune Investors Guide.\nAs of Aug. 11,Forbesestimated Wood’s net worth to be $400 million.\nInvestment philosophy and performance\nArk Invest describes its sole focus as “disruptive innovation,” which allows the firm toinvest in companieswhose products and services are expected to meet the needs of a planet that’s barrelling from crisis to crisis.\nArk’s big bet is that technology is the most effective solution to these crises and that a disruption-first ethos is a primary path to greater returns.\n“We’re all about finding the next big thing,” reads a quote from Wood on Ark Invest’s website. “Those hewing to the benchmarks, which are backwards looking, are not about the future. They are about what has worked. We’re all about what is going to work.”\nAnd Wood’s picks are most definitely working.\nDespite the recent sluggishness that ARKK and ARKG are experiencing, both funds have crushed the market over the past five years\nARKK, which includes tech heavyweights Tesla, Zoom, Coinbase, and Shopify among others, has grown by about 450% since the summer of 2016.\nMeanwhile, ARKG, which targets technologies like molecular diagnostic and genetics, and holds companies such as virtual healthcare provider Teladoc Health and Regeneron Pharmaceuticals, is up roughly 340% over the same time period.\nRecent struggles providing a buying window?\nInvestors who purchased either ARKK or ARKG in 2021 have had little to celebrate, with the ETFs posting year-to-date declines of 9% and 15%, respectively.\nWith investors changing course from growth stocks to economic recovery plays this year, many of Ark’s tech-focused plays have seen their shares decline, dragging down the value of Ark’s ETFs.\nIt’s one of the risks of the company’s relatively narrow focus.\nBut despite the recent weakness, investors aren’t exactly losing confidence in the Ark ETFs. In fact, they’re backing Wood with even more money, suggesting they see the dip as an attractive buying opportunity.\nFor instance, ARKK has seen nearly $5.9 billion in inflows this year, bringing its total assets under management to a whopping $22.6 billion.\nETFs and beyond\nPurchasing Ark ETFs is easier than you think. And now might be an ideal time to do it.\nYou can get started witha popular investing app, which offers not only ETFs, but also fractional shares. Another app allows you to build a diversified portfolio with little more than the“spare change” left over from your everyday purchases.\nWith a little help from theright platform, you can invest alongside Cathie Wood and, hopefully, profit massively from her next set of big ideas.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836787064,"gmtCreate":1629524910458,"gmtModify":1633684188321,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/836787064","repostId":"2161149745","repostType":4,"isVote":1,"tweetType":1,"viewCount":2049,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836347411,"gmtCreate":1629460292533,"gmtModify":1633684699819,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/836347411","repostId":"1165385043","repostType":4,"isVote":1,"tweetType":1,"viewCount":4160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838158495,"gmtCreate":1629382155817,"gmtModify":1633685264732,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/838158495","repostId":"1121961995","repostType":4,"repost":{"id":"1121961995","kind":"news","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":1629381965,"share":"https://www.laohunote.com/m/news/1121961995?lang=zh_CN&edition=full","pubTime":"2021-08-19 22:06","market":"us","language":"en","title":"DLO surges over 36% in the morning trading<blockquote>DLO 早盘交易中飙升超过 36%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121961995","media":"Tiger Newspress","summary":"(Aug 19) The DLO stock surges over 36% in the morning trading, with the price marking $67.20 current","content":"<p>(Aug&nbsp;19)&nbsp;The&nbsp;DLO&nbsp;stock&nbsp;surges&nbsp;over&nbsp;36%&nbsp;in&nbsp;the&nbsp;morning&nbsp;trading,&nbsp;with&nbsp;the&nbsp;price&nbsp;marking&nbsp;$67.20&nbsp;currently.</p><p><blockquote>（8月19日）DLO股价在早盘交易中飙升超过36%，目前价格为67.20美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ad4f4f204ecd1efb276bfb4cb7f8d8cc\" tg-width=\"889\" tg-height=\"647\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i>US$1.5 billion Total Payment Volume, up 319% year-over-yearRevenues of US$59.0million, up186% year-over-year44% Adj EBITDA&nbsp;Margin, up 384bps year-over-year</i></p><p><blockquote><i>支付总额15亿美元，同比增长319% 收入5900万美元，同比增长186% 调整后EBITDA利润率44%，同比增长384个基点</i></blockquote></p><p> dLocal reports in US dollars and in accordance with IFRS as issued by the IASB</p><p><blockquote>d以美元编制并符合国际会计准则理事会颁布的国际财务报告准则的本地报告</blockquote></p><p> <a href=\"https://laohu8.com/S/DLO\">DLocal Limited</a> (NASDAQ:DLO), a technology-first payments platform today announced strong financial results for the second quarter ended June&nbsp;30, 2021.</p><p><blockquote><a href=\"https://laohu8.com/S/DLO\">DLocal有限公司</a>技术优先的支付平台（纳斯达克股票代码：DLO）今天公布了截至 2021 年 6 月 30 日的第二季度强劲的财务业绩。</blockquote></p><p> “Global merchants around the world are choosing dLocal to connect with billions of consumers in emerging markets,” saidSebastian Kanovich, dLocal’s CEO. “Our singular focus is on making the complex simple, redefining the online payments experience in emerging markets. Through one direct API, one technology platform, and one contract, which we collectively refer to as the<i>One dLocal</i>model, we enable global enterprise merchants to get paid (pay-in) and to make payments (pay-out) online in a safe and efficient manner.”</p><p><blockquote>“dLocal 首席执行官塞巴斯蒂安-卡诺维奇（Sebastian Kanovich）说：”世界各地的全球商家都选择 dLocal 与新兴市场的数十亿消费者建立联系。“我们专注于化繁为简，重新定义新兴市场的在线支付体验。通过一个直接 API、一个技术平台和一份合同（我们统称为‘<i>一个本地</i>模式，我们使全球企业商户能够以安全高效的方式在线收款和支付。”</blockquote></p><p> Second Quarter 2021 Financial Highlights</p><p><blockquote>2021年第二季度财务摘要</blockquote></p><p> <ul>  <li>Total Payment Volume (“TPV”) reached US$1.5 billion in the quarter, representing 319% year-over-year growth compared to TPV of US$ 348 million in the second quarter of 2020 and 57% growth compared to TPV of US$926 million in the first quarter of 2021.</li>  <li>Revenues in the second quarter of 2021 amounted to&nbsp;US$59.0 million, representing 186% year-over-year growth compared to revenues of US$ 20.6 million in the second quarter of 2020 and 46% growth compared to revenues of $40.3 million in the first quarter of 2021.</li>  <li>Adjusted EBITDA was US$25.9 million in the second quarter of 2021 compared to US$8.3 million in the second quarter of 2020 and US$17.8 million in the first quarter of 2021.</li>  <li>Adjusted EBITDA Margin was 44% in the second quarter of 2021 compared to 40% in the second quarter of 2020 and 44% in the first quarter of 2021.</li>  <li>Net income for the second quarter of 2021 was US$17.7 million, or US$0.057 per diluted share, compared with net income of US$7.4 million, or US$ 0.026 per diluted share, for the second quarter of 2020 and with net income of US$16.9 million, or US$0.058 per diluted share, for the first quarter of 2021.</li>  <li>Net income of the second quarter of 2021 includes one-off expenses of US$3.0 million related to dLocal’s initial public offering (the “IPO”) and US$0.3 million of expenses related to the asset acquisition of PrimeiroPay.</li>  <li>As of June 30, 2021, dLocal had US$267.2 million in cash, cash equivalents and marketable securities, compared with US$128.8 million as of March 31, 2021. The increase of US$138.5 reflects an increase of US$114.9 million in our funds (including US$87.1 million of net proceeds from the IPO) and US$23.6 million in funds from our merchants with respect to the first quarter of 2021.</li> </ul></p><p><blockquote><ul><li>本季度支付总额（「冠捷」）达到15亿美元，较2020年第二季度冠捷的3.48亿美元增长319%，较2021年第一季度冠捷的9.26亿美元增长57%。</li><li>2021年第二季度的收入为5900万美元，较2020年第二季度的收入2060万美元同比增长186%，较2021年第一季度的收入4030万美元增长46%。</li><li>2021年第二季度调整后EBITDA为2590万美元，而2020年第二季度为830万美元，2021年第一季度为1780万美元。</li><li>2021 年第二季度调整后 EBITDA 利润率为 44%，而 2020 年第二季度为 40%，2021 年第一季度为 44%。</li><li>2021 年第二季度净利润为 1,770 万美元，即稀释后每股 0.057 美元，而 2020 年第二季度净利润为 740 万美元，即稀释后每股 0.026 美元，2021 年第一季度净利润为 1,690 万美元，即稀释后每股 0.058 美元。</li><li>2021 年第二季度的净利润包括与 dLocal 首次公开募股（“IPO”）相关的 300 万美元一次性费用和与收购 PrimeiroPay 资产相关的 30 万美元费用。</li><li>截至2021年6月30日，dLocal拥有现金、现金等价物及有价证券267.2百万美元，而截至2021年3月31日为128.8百万美元。增加138.5美元反映我们的资金较2021年第一季度增加114.9百万美元（包括首次公开发售所得款项净额87.1百万美元）及来自商户的资金增加23.6百万美元。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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: 12.5px; color: #7E829C; margin: 0;}\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\">\nDLO surges over 36% in the morning trading<blockquote>DLO 早盘交易中飙升超过 36%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\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 smaller\">2021-08-19 22:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Aug&nbsp;19)&nbsp;The&nbsp;DLO&nbsp;stock&nbsp;surges&nbsp;over&nbsp;36%&nbsp;in&nbsp;the&nbsp;morning&nbsp;trading,&nbsp;with&nbsp;the&nbsp;price&nbsp;marking&nbsp;$67.20&nbsp;currently.</p><p><blockquote>（8月19日）DLO股价在早盘交易中飙升超过36%，目前价格为67.20美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ad4f4f204ecd1efb276bfb4cb7f8d8cc\" tg-width=\"889\" tg-height=\"647\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i>US$1.5 billion Total Payment Volume, up 319% year-over-yearRevenues of US$59.0million, up186% year-over-year44% Adj EBITDA&nbsp;Margin, up 384bps year-over-year</i></p><p><blockquote><i>支付总额15亿美元，同比增长319% 收入5900万美元，同比增长186% 调整后EBITDA利润率44%，同比增长384个基点</i></blockquote></p><p> dLocal reports in US dollars and in accordance with IFRS as issued by the IASB</p><p><blockquote>d以美元编制并符合国际会计准则理事会颁布的国际财务报告准则的本地报告</blockquote></p><p> <a href=\"https://laohu8.com/S/DLO\">DLocal Limited</a> (NASDAQ:DLO), a technology-first payments platform today announced strong financial results for the second quarter ended June&nbsp;30, 2021.</p><p><blockquote><a href=\"https://laohu8.com/S/DLO\">DLocal有限公司</a>技术优先的支付平台（纳斯达克股票代码：DLO）今天公布了截至 2021 年 6 月 30 日的第二季度强劲的财务业绩。</blockquote></p><p> “Global merchants around the world are choosing dLocal to connect with billions of consumers in emerging markets,” saidSebastian Kanovich, dLocal’s CEO. “Our singular focus is on making the complex simple, redefining the online payments experience in emerging markets. Through one direct API, one technology platform, and one contract, which we collectively refer to as the<i>One dLocal</i>model, we enable global enterprise merchants to get paid (pay-in) and to make payments (pay-out) online in a safe and efficient manner.”</p><p><blockquote>“dLocal 首席执行官塞巴斯蒂安-卡诺维奇（Sebastian Kanovich）说：”世界各地的全球商家都选择 dLocal 与新兴市场的数十亿消费者建立联系。“我们专注于化繁为简，重新定义新兴市场的在线支付体验。通过一个直接 API、一个技术平台和一份合同（我们统称为‘<i>一个本地</i>模式，我们使全球企业商户能够以安全高效的方式在线收款和支付。”</blockquote></p><p> Second Quarter 2021 Financial Highlights</p><p><blockquote>2021年第二季度财务摘要</blockquote></p><p> <ul>  <li>Total Payment Volume (“TPV”) reached US$1.5 billion in the quarter, representing 319% year-over-year growth compared to TPV of US$ 348 million in the second quarter of 2020 and 57% growth compared to TPV of US$926 million in the first quarter of 2021.</li>  <li>Revenues in the second quarter of 2021 amounted to&nbsp;US$59.0 million, representing 186% year-over-year growth compared to revenues of US$ 20.6 million in the second quarter of 2020 and 46% growth compared to revenues of $40.3 million in the first quarter of 2021.</li>  <li>Adjusted EBITDA was US$25.9 million in the second quarter of 2021 compared to US$8.3 million in the second quarter of 2020 and US$17.8 million in the first quarter of 2021.</li>  <li>Adjusted EBITDA Margin was 44% in the second quarter of 2021 compared to 40% in the second quarter of 2020 and 44% in the first quarter of 2021.</li>  <li>Net income for the second quarter of 2021 was US$17.7 million, or US$0.057 per diluted share, compared with net income of US$7.4 million, or US$ 0.026 per diluted share, for the second quarter of 2020 and with net income of US$16.9 million, or US$0.058 per diluted share, for the first quarter of 2021.</li>  <li>Net income of the second quarter of 2021 includes one-off expenses of US$3.0 million related to dLocal’s initial public offering (the “IPO”) and US$0.3 million of expenses related to the asset acquisition of PrimeiroPay.</li>  <li>As of June 30, 2021, dLocal had US$267.2 million in cash, cash equivalents and marketable securities, compared with US$128.8 million as of March 31, 2021. The increase of US$138.5 reflects an increase of US$114.9 million in our funds (including US$87.1 million of net proceeds from the IPO) and US$23.6 million in funds from our merchants with respect to the first quarter of 2021.</li> </ul></p><p><blockquote><ul><li>本季度支付总额（「冠捷」）达到15亿美元，较2020年第二季度冠捷的3.48亿美元增长319%，较2021年第一季度冠捷的9.26亿美元增长57%。</li><li>2021年第二季度的收入为5900万美元，较2020年第二季度的收入2060万美元同比增长186%，较2021年第一季度的收入4030万美元增长46%。</li><li>2021年第二季度调整后EBITDA为2590万美元，而2020年第二季度为830万美元，2021年第一季度为1780万美元。</li><li>2021 年第二季度调整后 EBITDA 利润率为 44%，而 2020 年第二季度为 40%，2021 年第一季度为 44%。</li><li>2021 年第二季度净利润为 1,770 万美元，即稀释后每股 0.057 美元，而 2020 年第二季度净利润为 740 万美元，即稀释后每股 0.026 美元，2021 年第一季度净利润为 1,690 万美元，即稀释后每股 0.058 美元。</li><li>2021 年第二季度的净利润包括与 dLocal 首次公开募股（“IPO”）相关的 300 万美元一次性费用和与收购 PrimeiroPay 资产相关的 30 万美元费用。</li><li>截至2021年6月30日，dLocal拥有现金、现金等价物及有价证券267.2百万美元，而截至2021年3月31日为128.8百万美元。增加138.5美元反映我们的资金较2021年第一季度增加114.9百万美元（包括首次公开发售所得款项净额87.1百万美元）及来自商户的资金增加23.6百万美元。</li></ul></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DLO":"DLocal Limited"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121961995","content_text":"(Aug 19) The DLO stock surges over 36% in the morning trading, with the price marking $67.20 currently.\n\nUS$1.5 billion Total Payment Volume, up 319% year-over-yearRevenues of US$59.0million, up186% year-over-year44% Adj EBITDA Margin, up 384bps year-over-year\ndLocal reports in US dollars and in accordance with IFRS as issued by the IASB\nDLocal Limited (NASDAQ:DLO), a technology-first payments platform today announced strong financial results for the second quarter ended June 30, 2021.\n“Global merchants around the world are choosing dLocal to connect with billions of consumers in emerging markets,” saidSebastian Kanovich, dLocal’s CEO. “Our singular focus is on making the complex simple, redefining the online payments experience in emerging markets. Through one direct API, one technology platform, and one contract, which we collectively refer to as theOne dLocalmodel, we enable global enterprise merchants to get paid (pay-in) and to make payments (pay-out) online in a safe and efficient manner.”\nSecond Quarter 2021 Financial Highlights\n\nTotal Payment Volume (“TPV”) reached US$1.5 billion in the quarter, representing 319% year-over-year growth compared to TPV of US$ 348 million in the second quarter of 2020 and 57% growth compared to TPV of US$926 million in the first quarter of 2021.\nRevenues in the second quarter of 2021 amounted to US$59.0 million, representing 186% year-over-year growth compared to revenues of US$ 20.6 million in the second quarter of 2020 and 46% growth compared to revenues of $40.3 million in the first quarter of 2021.\nAdjusted EBITDA was US$25.9 million in the second quarter of 2021 compared to US$8.3 million in the second quarter of 2020 and US$17.8 million in the first quarter of 2021.\nAdjusted EBITDA Margin was 44% in the second quarter of 2021 compared to 40% in the second quarter of 2020 and 44% in the first quarter of 2021.\nNet income for the second quarter of 2021 was US$17.7 million, or US$0.057 per diluted share, compared with net income of US$7.4 million, or US$ 0.026 per diluted share, for the second quarter of 2020 and with net income of US$16.9 million, or US$0.058 per diluted share, for the first quarter of 2021.\nNet income of the second quarter of 2021 includes one-off expenses of US$3.0 million related to dLocal’s initial public offering (the “IPO”) and US$0.3 million of expenses related to the asset acquisition of PrimeiroPay.\nAs of June 30, 2021, dLocal had US$267.2 million in cash, cash equivalents and marketable securities, compared with US$128.8 million as of March 31, 2021. The increase of US$138.5 reflects an increase of US$114.9 million in our funds (including US$87.1 million of net proceeds from the IPO) and US$23.6 million in funds from our merchants with respect to the first quarter of 2021.","news_type":1,"symbols_score_info":{"DLO":0.9}},"isVote":1,"tweetType":1,"viewCount":2427,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831881398,"gmtCreate":1629300215014,"gmtModify":1633685844401,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne 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seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/830725132","repostId":"1163741094","repostType":4,"repost":{"id":"1163741094","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1629100856,"share":"https://www.laohunote.com/m/news/1163741094?lang=zh_CN&edition=full","pubTime":"2021-08-16 16:00","market":"us","language":"en","title":"Watch For These New Product Launches From Apple This Fall: Mark Gurman<blockquote>关注今年秋天苹果推出的这些新产品：Mark Gurman</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163741094","media":"Benzinga Earnings","summary":"Apple is preparing to launch several new products this fall, including new iPhones, Apple Watches, u","content":"<p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a></b> is preparing to launch several new products this fall, including new&nbsp;<b>iPhones</b>,&nbsp;<b>Apple Watches</b>, updated&nbsp;<b>AirPods</b>, the revamped&nbsp;<b>iPad mini</b>&nbsp;and redesigned&nbsp;<b>MacBook Pros</b>, according to&nbsp;<b>Mark Gurman</b>, a leading Apple watcher.</p><p><blockquote><b><a href=\"https://laohu8.com/S/AAPL\">苹果</a></b>正准备在今年秋季推出几款新产品，包括新<b>苹果手机</b>, <b>苹果手表</b>，已更新<b>AirPods</b>改良后的<b>iPad迷你</b>并重新设计<b>MacBook Pro</b>，根据<b>马克·古尔曼</b>一位领先的苹果观察家。</blockquote></p><p> <b>What Happened:</b>&nbsp;Apple will hold multiple events this year, with the first event likely in September, Gurmansaidin the latest edition of his “Power On” newsletter for Bloomberg.</p><p><blockquote><b>发生了什么：</b>古尔曼赛丁（Gurmansaidin）在为彭博社撰写的最新一期 “Power On ”时事通讯中表示，苹果今年将举办多场活动，第一场活动可能在 9 月份举行。</blockquote></p><p> Alongside the new iPhone 13 expected to be launched in September, Apple will likely launch third-generation AirPods, an updated iPad mini with thinner borders and complete redesign, and the Apple Watch Series 7 with updated screen technology and a faster processor.</p><p><blockquote>除了预计将于9月推出的新iPhone 13，苹果还可能推出第三代AirPods，一款边框更薄、完全重新设计的更新iPad mini，以及采用更新屏幕技术和更快处理器的苹果手表系列7。</blockquote></p><p> In addition, Gurman noted that Apple’s revamped 14-inch and 16-inch MacBook Pros with the company's in-house M1X chip “should still go on sale by the time the current MacBook Pro hits its two-year anniversary.”</p><p><blockquote>此外，古尔曼指出，苹果改款的 14 英寸和 16 英寸 MacBook Pro 采用公司内部 M1X 芯片，“在当前的 MacBook Pro 上市两周年之际，仍将上市销售”。</blockquote></p><p> <b>Why It Matters:</b>&nbsp;Apple’s highly anticipated MacBook Pros are expected to feature mini-LED displays, updated designs, and the M1X Apple silicon chip. The 16-inch MacBook Pro was last updated in November of 2019.</p><p><blockquote><b>为什么重要：</b>苹果备受期待的 MacBook Pro 预计将采用迷你 LED 显示屏、更新的设计和 M1X 苹果硅芯片。16英寸MacBook Pro最后一次更新是在2019年11月。</blockquote></p><p> It was&nbsp;reported&nbsp;earlier this year that Apple is planning a major design upgrade to its MacBook Pro range of notebooks for the first time since the 2016 lineup. The new Pro series computers will come equipped with Apple’s own chips instead of the ones made by&nbsp;<b><a href=\"https://laohu8.com/S/INTC\">Intel</a></b>&nbsp;<b>Corporation</b>.</p><p><blockquote>今年早些时候有报道称，苹果正计划对其MacBook Pro系列笔记本电脑进行重大设计升级，这是自2016年系列以来的首次。新款 Pro 系列电脑将配备苹果自己的芯片，而不是由<b><a href=\"https://laohu8.com/S/INTC\">英特尔</a></b> <b>公司</b>.</blockquote></p><p> In June, Gurman&nbsp;noted&nbsp;that Apple is exploring making future iPads with larger displays that would further blur the lines between the iPad Pro and the MacBook Pro, which is available with up to a 16-inch display.</p><p><blockquote>今年6月，古尔曼指出，苹果正在探索制造配备更大显示屏的未来iPad，这将进一步模糊iPad Pro和MacBook Pro之间的界限，后者的显示屏最大可达16英寸。</blockquote></p><p> Apple had said in April it hasno plans to mergethe iPad and the Mac anytime soon, despite the inclusion of its in-house M1 chip in the latest iPad Pro models.</p><p><blockquote>苹果曾在4月份表示，尽管最新的iPad Pro型号中包含了其内部的M1芯片，但它没有计划在短期内将iPad和Mac合并。</blockquote></p><p> <b>Price Action:</b>&nbsp;Apple shares closed 0.1% higher in Friday’s trading at $149.10.</p><p><blockquote><b>价格行为：</b>苹果股价周五收盘上涨 0.1%，报 149.10 美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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: 12.5px; color: #7E829C; margin: 0;}\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\">\nWatch For These New Product Launches From Apple This Fall: Mark Gurman<blockquote>关注今年秋天苹果推出的这些新产品：Mark Gurman</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-08-16 16:00</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a></b> is preparing to launch several new products this fall, including new&nbsp;<b>iPhones</b>,&nbsp;<b>Apple Watches</b>, updated&nbsp;<b>AirPods</b>, the revamped&nbsp;<b>iPad mini</b>&nbsp;and redesigned&nbsp;<b>MacBook Pros</b>, according to&nbsp;<b>Mark Gurman</b>, a leading Apple watcher.</p><p><blockquote><b><a href=\"https://laohu8.com/S/AAPL\">苹果</a></b>正准备在今年秋季推出几款新产品，包括新<b>苹果手机</b>, <b>苹果手表</b>，已更新<b>AirPods</b>改良后的<b>iPad迷你</b>并重新设计<b>MacBook Pro</b>，根据<b>马克·古尔曼</b>一位领先的苹果观察家。</blockquote></p><p> <b>What Happened:</b>&nbsp;Apple will hold multiple events this year, with the first event likely in September, Gurmansaidin the latest edition of his “Power On” newsletter for Bloomberg.</p><p><blockquote><b>发生了什么：</b>古尔曼赛丁（Gurmansaidin）在为彭博社撰写的最新一期 “Power On ”时事通讯中表示，苹果今年将举办多场活动，第一场活动可能在 9 月份举行。</blockquote></p><p> Alongside the new iPhone 13 expected to be launched in September, Apple will likely launch third-generation AirPods, an updated iPad mini with thinner borders and complete redesign, and the Apple Watch Series 7 with updated screen technology and a faster processor.</p><p><blockquote>除了预计将于9月推出的新iPhone 13，苹果还可能推出第三代AirPods，一款边框更薄、完全重新设计的更新iPad mini，以及采用更新屏幕技术和更快处理器的苹果手表系列7。</blockquote></p><p> In addition, Gurman noted that Apple’s revamped 14-inch and 16-inch MacBook Pros with the company's in-house M1X chip “should still go on sale by the time the current MacBook Pro hits its two-year anniversary.”</p><p><blockquote>此外，古尔曼指出，苹果改款的 14 英寸和 16 英寸 MacBook Pro 采用公司内部 M1X 芯片，“在当前的 MacBook Pro 上市两周年之际，仍将上市销售”。</blockquote></p><p> <b>Why It Matters:</b>&nbsp;Apple’s highly anticipated MacBook Pros are expected to feature mini-LED displays, updated designs, and the M1X Apple silicon chip. The 16-inch MacBook Pro was last updated in November of 2019.</p><p><blockquote><b>为什么重要：</b>苹果备受期待的 MacBook Pro 预计将采用迷你 LED 显示屏、更新的设计和 M1X 苹果硅芯片。16英寸MacBook Pro最后一次更新是在2019年11月。</blockquote></p><p> It was&nbsp;reported&nbsp;earlier this year that Apple is planning a major design upgrade to its MacBook Pro range of notebooks for the first time since the 2016 lineup. The new Pro series computers will come equipped with Apple’s own chips instead of the ones made by&nbsp;<b><a href=\"https://laohu8.com/S/INTC\">Intel</a></b>&nbsp;<b>Corporation</b>.</p><p><blockquote>今年早些时候有报道称，苹果正计划对其MacBook Pro系列笔记本电脑进行重大设计升级，这是自2016年系列以来的首次。新款 Pro 系列电脑将配备苹果自己的芯片，而不是由<b><a href=\"https://laohu8.com/S/INTC\">英特尔</a></b> <b>公司</b>.</blockquote></p><p> In June, Gurman&nbsp;noted&nbsp;that Apple is exploring making future iPads with larger displays that would further blur the lines between the iPad Pro and the MacBook Pro, which is available with up to a 16-inch display.</p><p><blockquote>今年6月，古尔曼指出，苹果正在探索制造配备更大显示屏的未来iPad，这将进一步模糊iPad Pro和MacBook Pro之间的界限，后者的显示屏最大可达16英寸。</blockquote></p><p> Apple had said in April it hasno plans to mergethe iPad and the Mac anytime soon, despite the inclusion of its in-house M1 chip in the latest iPad Pro models.</p><p><blockquote>苹果曾在4月份表示，尽管最新的iPad Pro型号中包含了其内部的M1芯片，但它没有计划在短期内将iPad和Mac合并。</blockquote></p><p> <b>Price Action:</b>&nbsp;Apple shares closed 0.1% higher in Friday’s trading at $149.10.</p><p><blockquote><b>价格行为：</b>苹果股价周五收盘上涨 0.1%，报 149.10 美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163741094","content_text":"Apple is preparing to launch several new products this fall, including new iPhones, Apple Watches, updated AirPods, the revamped iPad mini and redesigned MacBook Pros, according to Mark Gurman, a leading Apple watcher.\nWhat Happened: Apple will hold multiple events this year, with the first event likely in September, Gurmansaidin the latest edition of his “Power On” newsletter for Bloomberg.\nAlongside the new iPhone 13 expected to be launched in September, Apple will likely launch third-generation AirPods, an updated iPad mini with thinner borders and complete redesign, and the Apple Watch Series 7 with updated screen technology and a faster processor.\nIn addition, Gurman noted that Apple’s revamped 14-inch and 16-inch MacBook Pros with the company's in-house M1X chip “should still go on sale by the time the current MacBook Pro hits its two-year anniversary.”\nWhy It Matters: Apple’s highly anticipated MacBook Pros are expected to feature mini-LED displays, updated designs, and the M1X Apple silicon chip. The 16-inch MacBook Pro was last updated in November of 2019.\nIt was reported earlier this year that Apple is planning a major design upgrade to its MacBook Pro range of notebooks for the first time since the 2016 lineup. The new Pro series computers will come equipped with Apple’s own chips instead of the ones made by Intel Corporation.\nIn June, Gurman noted that Apple is exploring making future iPads with larger displays that would further blur the lines between the iPad Pro and the MacBook Pro, which is available with up to a 16-inch display.\nApple had said in April it hasno plans to mergethe iPad and the Mac anytime soon, despite the inclusion of its in-house M1 chip in the latest iPad Pro models.\nPrice Action: Apple shares closed 0.1% higher in Friday’s trading at $149.10.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":880,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830978885,"gmtCreate":1629005926847,"gmtModify":1633687997404,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/830978885","repostId":"1138705612","repostType":4,"repost":{"id":"1138705612","kind":"news","pubTimestamp":1628995730,"share":"https://www.laohunote.com/m/news/1138705612?lang=zh_CN&edition=full","pubTime":"2021-08-15 10:48","market":"us","language":"en","title":"AMD, Intel, And Nvidia: Which Is The Best Chip Stock?<blockquote>AMD、英特尔和英伟达：哪只芯片股票最好？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1138705612","media":"seekingalpha","summary":"AMD's recent CPU and GPU offerings have been more competitive with Intel and NVIDIA's products.AMD’s EPYC server chips have proved to be comparable or even superior to certain Intel chips and have led to AMD gaining server CPU market share.Even so, Intel is the leader in the processor market and holds long-term advantages over AMD in R&D, marketing, and pricing.Nvidia is ahead of AMD in GPU technology and is leveraging its GPUs into adjacent end markets such as artificial intelligence.This left ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>AMD's recent CPU and GPU offerings have been more competitive with Intel and NVIDIA's products.</li>  <li>AMD’s EPYC server chips have proved to be comparable or even superior to certain Intel chips and have led to AMD gaining server CPU market share.</li>  <li>Even so, Intel is the leader in the processor market and holds long-term advantages over AMD in R&amp;D, marketing, and pricing.</li>  <li>Nvidia is ahead of AMD in GPU technology and is leveraging its GPUs into adjacent end markets such as artificial intelligence.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5a8f0aee0f3d10db76a1ee18fe604b40\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>Andy/iStock via Getty Images</span></p><p><blockquote><ul><li>AMD 最近的 CPU 和 GPU 产品与英特尔和英伟达的产品相比更具竞争力。</li><li>事实证明，AMD 的 EPYC 服务器芯片可与某些英特尔芯片媲美甚至更胜一筹，并帮助 AMD 获得了服务器 CPU 市场份额。</li><li>即便如此，英特尔仍然是处理器市场的领导者，在研发、营销和定价方面长期保持着相对于AMD的优势。</li><li>英伟达在 GPU 技术方面领先于 AMD，并正在利用其 GPU 进入人工智能等邻近终端市场。</li></ul><p class=\"t-img-caption\"><span>安迪/iStock 来自盖蒂图片社</span></p></blockquote></p><p> Intel (INTC) was once the microchip industry equivalent of the Colossus of Rhodes, a monument to the power of Moore’s law. However, the firm stumbled with its 10-nanometer process, and recently announced its 7-nm process will be delayed until 2023.</p><p><blockquote>英特尔（INTC）曾经是微芯片行业的罗兹巨像，是摩尔定律力量的丰碑。然而，该公司在 10 纳米工艺方面遇到了困难，最近宣布其 7 纳米工艺将推迟到 2023 年。</blockquote></p><p> This left the door open to Advanced Micro Devices Inc. (AMD), and that firm has taken full advantage of the opportunity. AMD has taken a large share of the CPU market and is making inroads into the once nearly impenetrable server market.</p><p><blockquote>这为 Advanced Micro Devices Inc. (AMD) 敞开了大门，该公司充分利用了这个机会。AMD 已经占据了 CPU 市场的很大份额，并正在进军曾经几乎难以渗透的服务器市场。</blockquote></p><p> AMD now has seven consecutive quarters of double-digit revenue growth under its belt, and it appears the firm is gaining momentum: management now guides for 60% revenue growth for the full year, up from the 50% forecast provided in the previous quarter.</p><p><blockquote>AMD 现已连续七个季度实现两位数收入增长，而且该公司似乎正在获得动力：管理层目前预计全年收入增长 60%，高于上一季度预测的 50%。</blockquote></p><p> However, AMD also competes with NVIDIA Corporation (NVDA), and the latter company’s GPU technology is stealing market share. NVDA has also been successful in gaining access to adjacent markets with its GPUs, especially AI and automotive markets.</p><p><blockquote>然而，AMD 还与英伟达公司（NVDA）竞争，后者的 GPU 技术正在抢走市场份额。NVDA 还成功凭借其 GPU 进入邻近市场，尤其是人工智能和汽车市场。</blockquote></p><p> <b>The Ins And Outs of Intel</b></p><p><blockquote><b>英特尔的来龙去脉</b></blockquote></p><p> An understanding of Intel also provides insights into AMD. This is due to the overlap between the two companies, particularly in regards to x86 chips. Intel developed the x86 chip in 1978. To satisfy demands by IBM that Intel would not be the sole supplier of the chips, INTC provided x86 instruction set architecture licensing to AMD.</p><p><blockquote>了解英特尔还可以深入了解 AMD。这是由于两家公司之间的重叠，特别是在x86芯片方面。英特尔在1978年开发了x86芯片。为了满足IBM的要求，即英特尔不会成为芯片的唯一供应商，INTC向AMD提供了x86指令集架构许可。</blockquote></p><p> Consequently, Intel and AMD have a duopoly position in the PC and server markets, as nearly all computer software is written for x86 architecture. The result is that both have a wide moat related to the x86 ecosystem.</p><p><blockquote>因此，英特尔和AMD在PC和服务器市场占据双头垄断地位，因为几乎所有的计算机软件都是为x86架构编写的。结果是，两者都有一条与x86生态系统相关的宽阔护城河。</blockquote></p><p> Gaming consoles in particular are based on x86 architecture due to those platforms generally providing more powerful CPUs and GPUs with multiple compute cores. Like PCs, consoles operate with games that use x86 based software. Once again, this stifles potential competition from ARM-based devices.</p><p><blockquote>游戏机尤其基于x86架构，因为这些平台通常提供具有多个计算核心的更强大的CPU和GPU。像个人电脑一样，游戏机运行使用基于x86软件的游戏。这再次扼杀了基于ARM的设备的潜在竞争。</blockquote></p><p> Until fairly recently, AMD was a distant second to INTC as a supplier of x86 chips. However, AMD teamed with Taiwan Semiconductor(NYSE:TSM)to use that manufacturer’s 7nm process to surpass INTC in process technology. Combined with AMD’s developing new innovative chip designs, this one-two punch resulted in INTC losing significant market share.</p><p><blockquote>直到最近，作为x86芯片的供应商，AMD还远远落后于INTC。然而，AMD 与台积电（纽约证券交易所股票代码：TSM）合作，利用该制造商的 7 纳米工艺在工艺技术上超越了 INTC。再加上 AMD 开发新的创新芯片设计，这种一举两得的打击导致 INTC 失去了大量市场份额。</blockquote></p><p> At the end of Q1, AMD held 19.30% of the x86 desktop&nbsp;market, a 70 basis point gain year-over-year. In Q2 AMD corralled 8% of the server market, up from a 5%&nbsp;market&nbsp;share in Q4 of 2019.</p><p><blockquote>Q1末，AMD占据x86台式机市场19.30%的份额，同比增长70个基点。第二季度，AMD占据了服务器市场8%的份额，高于2019年第四季度5%的市场份额。</blockquote></p><p> Despite these setbacks, it seems premature to view Intel as a moribund business. INTC is one of the largest semiconductor companies in the world. The firm dominates the server market, and still holds 60% of the global x86 CPU&nbsp;market.</p><p><blockquote>尽管遭遇了这些挫折，但将英特尔视为一家垂死的企业似乎还为时过早。INTC是世界上最大的半导体公司之一。该公司主导着服务器市场，仍然占据全球x86 CPU市场60%的份额。</blockquote></p><p> The company has an enormous R&amp;D budget, and it is expanding into new markets, primarily Artificial Intelligence, Field-Programmable Gate Array chips, and automotive offerings, through its acquisitions of Habana Labs, Altera, Movidius, and Mobileye.</p><p><blockquote>该公司拥有巨额研发预算，并通过收购 Habana Labs、Altera、Movidius 和 Mobileye，正在扩展到新市场，主要是人工智能、现场可编程门阵列芯片和汽车产品。</blockquote></p><p> Investors should not be swayed by the claim that Intel’s new 10nm chips are inferior to 7nm solely on the basis that 7 is superior to 10. While once used to denote the technology level of a chip design, it has been misused to the point of being useless.</p><p><blockquote>投资者不应仅仅因为 7 优于 10 就声称英特尔的新 10 纳米芯片不如 7 纳米。虽然它曾经被用来表示芯片设计的技术水平，但它已经被滥用到毫无用处的地步。</blockquote></p><p> However, there are a number of concerns that must be acknowledged. Intel lags competitors in the smartphone market. As consumers shift to mobile devices, this could result in a sustained headwind as smartphones take the place of PCs. On the other hand, it should be acknowledged that INTC’s server processor business has seen growth associated with the surge in mobile devices and cloud computing.</p><p><blockquote>然而，必须承认一些关切。英特尔在智能手机市场落后于竞争对手。随着消费者转向移动设备，随着智能手机取代个人电脑，这可能会导致持续的逆风。另一方面，应该承认的是，随着移动设备和云计算的激增，INTC 的服务器处理器业务也取得了增长。</blockquote></p><p> Intel also faces increased competition from AMD in the data center space, as well as customers developing their own ARM-based chips for CPUs.</p><p><blockquote>英特尔在数据中心领域还面临着来自 AMD 的日益激烈的竞争，以及客户为 CPU 开发自己的基于 ARM 的芯片。</blockquote></p><p> <b>An Overview of AMD</b></p><p><blockquote><b>AMD概述</b></blockquote></p><p> In years past, INTC held the lion’s share of the x86 market. This was due in part to Intel’s leading-edge manufacturing combined with AMD’s wafer supply agreements with less than stellar GlobalFoundries.</p><p><blockquote>在过去的几年里，INTC 占据了 x86 市场的最大份额。这在一定程度上要归功于英特尔领先的制造技术，以及 AMD 与不太出色的 GlobalFoundries 签订的晶圆供应协议。</blockquote></p><p></p><p> However, a seismic shift occurred due to three factors: driven by innovative designs, AMD brought competitive products to market, AMD shifted to TSMC for production, and Intel faced repeated manufacturing delays. The two charts below document the progress the company has made.</p><p><blockquote>然而，由于三个因素发生了翻天覆地的变化：在创新设计的推动下，AMD将有竞争力的产品推向市场，AMD转向台积电进行生产，英特尔面临反复的制造延迟。下面的两个图表记录了公司取得的进展。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/903df41d5400c9807ff487a75a7e5450\" tg-width=\"1280\" tg-height=\"989\" referrerpolicy=\"no-referrer\"><span>Source:Q2 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：第二季度收益演示</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/331cd14b666f520a62d0746d5fadfa5b\" tg-width=\"1280\" tg-height=\"989\" referrerpolicy=\"no-referrer\"><span>Source:Q2 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：第二季度收益演示</span></p></blockquote></p><p> Like Intel, AMD’s primary products are CPUs and GPUs. AMD’s chips are designed for PCs, game consoles, servers, and blockchain applications. And like INTC, AMD’s offerings are largely protected from competition due to the preponderance of software for PCs and servers being designed for x86 architecture.</p><p><blockquote>与英特尔一样，AMD 的主要产品也是 CPU 和 GPU。AMD 的芯片专为 PC、游戏机、服务器和区块链应用而设计。与 INTC 一样，AMD 的产品在很大程度上免受竞争影响，因为 PC 和服务器软件大多是为 x86 架构设计的。</blockquote></p><p> AMD’s strong growth has largely come at the expense of Intel as AMD has steadily chipped away at the former company’s CPU market share.</p><p><blockquote>AMD 的强劲增长在很大程度上是以牺牲英特尔为代价的，因为 AMD 一直在稳步蚕食英特尔的 CPU 市场份额。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e7f8fbcab5da8a24d01d2b6408bd5686\" tg-width=\"576\" tg-height=\"336\" referrerpolicy=\"no-referrer\"><span>Source:Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：Seeking Alpha</span></p></blockquote></p><p> AMD’s focus on CPU and GPU semi-custom processor applications has resulted in their use in Microsoft Xbox and Sony PlayStation game consoles.</p><p><blockquote>AMD 专注于 CPU 和 GPU 半定制处理器应用，这使得它们在微软 Xbox 和索尼 PlayStation 游戏机中得到应用。</blockquote></p><p> In regards to PC integrated GPUs, AMD is roughly in parity with NVIDIA while INTC dominates with roughly 68% of the market.</p><p><blockquote>在 PC 集成 GPU 方面，AMD 与 NVIDIA 大致持平，而 INTC 则以约 68% 的市场份额占据主导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67a0fe74d986cf882623a8f39587d0d8\" tg-width=\"544\" tg-height=\"394\" referrerpolicy=\"no-referrer\"><span>Source:tom'sHARDWARE</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：汤姆硬件</span></p></blockquote></p><p> However, NVIDIA dominates the discrete GPU space with an 80% plus market share with AMD sweeping up what is left. NVIDIA’s discrete GPUs are arguably superior to AMD’s (more on that later); therefore, investors should not look for growth here.</p><p><blockquote>然而，英伟达以80%以上的市场份额主导着独立GPU领域，AMD横扫了剩下的市场。英伟达的独立 GPU 可以说优于 AMD（稍后会详细介绍）；因此，投资者不应在这里寻求增长。</blockquote></p><p> Although AMD’s EPYC server CPU products were competitive with that of rivals, initially the company relied on aggressive pricing to promote its first generation of EPYC offerings. However, the EPYC line has gained wider acceptance, and with the Milan processors, the company is gaining market share. As server CPUs provide a better profit margin than the company’s other products, expansion into that space should aid in driving revenue.</p><p><blockquote>虽然 AMD 的 EPYC 服务器 CPU 产品与竞争对手相比具有竞争力，但该公司最初依靠激进的定价来推广其第一代 EPYC 产品。然而，EPYC系列已经获得了更广泛的认可，随着米兰处理器的推出，该公司正在获得市场份额。由于服务器 CPU 的利润率高于公司的其他产品，因此向该领域的扩张将有助于推动收入增长。</blockquote></p><p> Late last year,AMD entered intoa deal&nbsp;to acquire&nbsp;Xilinx (XLNX), a leader in field programmable gate array (FPGA) chips. FPGAs can be used for a wide variety of applications. Because shifting to a competing FPGA provider requires retraining of engineers in software and design tools, customers are loath to make a switch to a competing vendor. Consequently, if the Xilinx deal goes through, AMD will have acquired a wide moat business. Management guides for operational efficiencies of approximately $300 million within 18 months of closing the transaction.</p><p><blockquote>去年年底，AMD 达成收购现场可编程门阵列 (FPGA) 芯片领导者赛灵思 (XLNX) 的交易。FPGA可用于各种各样的应用。由于转向竞争的 FPGA 供应商需要对工程师进行软件和设计工具方面的再培训，因此客户不愿意转向竞争供应商。因此，如果赛灵思交易成功，AMD 将获得广泛的护城河业务。交易完成后 18 个月内运营效率管理指南约为 3 亿美元。</blockquote></p><p> The Xilinx acquisition should bolster AMD’s data center and artificial intelligence businesses.</p><p><blockquote>收购赛灵思将有助于增强 AMD 的数据中心和人工智能业务。</blockquote></p><p> AMD agreed to acquire Xilinx for $35 billion in an all-stock transaction.</p><p><blockquote>AMD 同意以 350 亿美元的全股票交易收购赛灵思。</blockquote></p><p> <b>A Survey of NVIDIA</b></p><p><blockquote><b>英伟达调查</b></blockquote></p><p> NVDA's focus on the graphics processing units market has led the company to a dominant position in the discrete GPU space. The firm is the leader in discrete GPUs for computing platforms, especially gaming consoles. The fact that Intel licensed intellectual property from NVIDIA to integrate GPUs into its PC chipset testifies to the lead the company maintains.</p><p><blockquote>NVDA 对图形处理单元市场的关注使该公司在独立 GPU 领域占据了主导地位。该公司是计算平台（尤其是游戏机）分立 GPU 领域的领导者。英特尔从英伟达获得知识产权，将GPU集成到其PC芯片组中，这一事实证明了该公司保持的领先地位。</blockquote></p><p> The chart below provides a record of the burgeoning ASP the company has been able to command over the last half decade, beginning with the Pascal architecture in 2016, and progressing through Turing to Ampere.</p><p><blockquote>下图记录了该公司在过去五年中能够控制的蓬勃发展的ASP，从2016年的Pascal架构开始，从图灵到安培。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/04fb1d71f9df02f6c63907fe784b2fd8\" tg-width=\"1280\" tg-height=\"720\" referrerpolicy=\"no-referrer\"><span>Source:AMD Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：AMD 投资者演示</span></p></blockquote></p><p> The firm’s chips are also found in many high-end PCs, and NVDA has particular strength in the incipient AI and self-driving vehicle markets.</p><p><blockquote>该公司的芯片也应用于许多高端个人电脑中，NVDA 在新兴的人工智能和自动驾驶汽车市场尤其具有实力。</blockquote></p><p> GPUs are being teamed with CPUs to&nbsp;enhance&nbsp;computation workloads. This stratagem is designed to bolster the ability of AI systems to perform computationally intensive tasks. AI related to&nbsp;autonomous&nbsp;vehicles is a developing strength for NVIDIA. Another arena in which the firm is making its mark is in cloud</p><p><blockquote>GPU正在与CPU合作，以增强计算工作负载。这一策略旨在增强人工智能系统执行计算密集型任务的能力。与自动驾驶汽车相关的人工智能是英伟达不断发展的优势。该公司在云计算领域崭露头角的另一个领域</blockquote></p><p> AI and data centers pose the most likely avenue of growth for NVDA. To strengthen its position in both businesses, the company moved last year to acquire ARM Holdings (ARMHF) from parent company Softbank for $40 billion.</p><p><blockquote>人工智能和数据中心是 NVDA 最有可能的增长途径。为了巩固其在这两项业务中的地位，该公司去年以 400 亿美元从母公司软银手中收购了 ARM Holdings (ARMHF)。</blockquote></p><p> ARM is the globe’s largest licensor of chip designs. Its chips are ubiquitous and can be found in mobile phones, smart TVs, and tablet computers. 160 billion chips have been made using ARM designs.</p><p><blockquote>ARM 是全球最大的芯片设计许可商。它的芯片无处不在，可以在手机、智能电视和平板电脑中找到。使用ARM设计已经制造了1600亿个芯片。</blockquote></p><p></p><p> Perhaps of equal importance is that 13 million developers work with ARM devices. To place that in context, NVDA has 2 million developers working on its array of devices.</p><p><blockquote>也许同样重要的是，1300万开发者使用ARM设备。从上下文来看，NVDA 有 200 万开发人员在其设备阵列上工作。</blockquote></p><p> Unfortunately for investors, bothChinaand theU.K.are reportedly balking at approving the deal.</p><p><blockquote>对投资者来说不幸的是，据报道，中国和theU.K.都不愿批准这笔交易。</blockquote></p><p> <b>Head-To-Head Comparisons</b></p><p><blockquote><b>头对头比较</b></blockquote></p><p> <b>Valuation Metrics</b></p><p><blockquote><b>估值指标</b></blockquote></p><p> The following chart provides a variety of metrics related to each stock's valuation. All data labeled forward is analysts’ next fiscal year consensus estimate.</p><p><blockquote>下图提供了与每只股票估值相关的各种指标。所有标有“远期”字样的数据都是分析师对下一财年的一致估计。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1bdeabcd2ea473601fbaaaa03235de77\" tg-width=\"576\" tg-height=\"336\" referrerpolicy=\"no-referrer\"><span>Source:Seeking Alpha Premium/ chart by author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium/作者图表</span></p></blockquote></p><p> Next, I’m using a graph to provide PEG ratios for the three companies. As there can be fairly wide variations in PEG ratios due to analysts’ inputs, I prefer that readers have access to multiple sources when I find wide variance in the ratio.</p><p><blockquote>接下来，我用一张图表来提供这三家公司的 PEG 比率。由于分析师的输入会导致 PEG 比率出现相当大的差异，因此当我发现比率存在较大差异时，我更希望读者能够获得多个来源。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/884fc2142d97afcc9e2308e50058dd45\" tg-width=\"576\" tg-height=\"336\" referrerpolicy=\"no-referrer\"><span>Chart by author</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者图表</span></p></blockquote></p><p> Note that Seeking Alpha provides a three to five-year PEG, Schwab simply lists its metric as a PEG ratio, while Yahoo! Finance calculates a five-year ratio. This could explain some of the variance in the numbers provided.</p><p><blockquote>请注意，Seeking Alpha提供了三到五年的挂钩，Schwab只是将其指标列为挂钩比率，而Yahoo!财务计算五年比率。这可以解释所提供数字的一些差异。</blockquote></p><p> Perusing the first chart, it is obvious that NVDA is the most overvalued. It is also interesting to note that in the current P/E and the forward price/cash flow estimates show AMD as valued near the sector median.</p><p><blockquote>仔细阅读第一张图表，很明显 NVDA 被高估了。同样有趣的是，在当前的市盈率和远期价格/现金流估计中，AMD 的估值接近行业中位数。</blockquote></p><p> Count me as an investor that places great emphasis on a stocks PEG Ratio. Viewing the second chart, AMD has the best PEG of the three companies. I also note that analysts from each source calculated AMD’s PEG ratio as better than the sector median.</p><p><blockquote>把我算作一个非常重视股票挂钩比率的投资者。查看第二张图表，AMD 是三家公司中最好的。我还注意到，每个消息来源的分析师都计算出 AMD 的 PEG 比率好于行业中位数。</blockquote></p><p> Do not misinterpret my findings. While INTC has a lower valuation in many respects, when considering other factors, I rate AMD higher overall. In other words, it is not the cheapest valuation but the best valuation, for lack of a better means to articulate my view.</p><p><blockquote>不要曲解我的发现。虽然 INTC 在许多方面的估值较低，但当考虑其他因素时，我对 AMD 的总体评价较高。换句话说，这不是最便宜的估值，而是最好的估值，因为缺乏更好的方法来表达我的观点。</blockquote></p><p> <b>=Advantage AMD</b></p><p><blockquote><b>=优势AMD</b></blockquote></p><p> <b>Analysts’ Price Targets</b></p><p><blockquote><b>分析师的目标价</b></blockquote></p><p> NVIDIA shares currently trade for $202.95. The average 12-month price target of 33 analysts is $186.49. The average price target of the 17 analysts that rated the stock following the latest earnings report is $210.53, about 3.7% above the current price of the stock.</p><p><blockquote>英伟达股价目前交易价格为 202.95 美元。33 位分析师的 12 个月平均目标价为 186.49 美元。最新收益报告发布后对该股进行评级的 17 位分析师的平均目标价为 210.53 美元，比该股当前价格高出约 3.7%。</blockquote></p><p> AMD shares currently trade for $107.58. The average 12-month price target of 28 analysts is $108.56. The average price target of the 11 analysts that rated the stock following the latest earnings report is $117.27, roughly 9% above the prevailing share price.</p><p><blockquote>AMD 股价目前交易价格为 107.58 美元。28 位分析师的 12 个月平均目标价为 108.56 美元。最新收益报告发布后对该股进行评级的 11 位分析师的平均目标价为 117.27 美元，比当前股价高出约 9%。</blockquote></p><p> Intel shares currently trade for $54.05. The average 12-month price target of 34 analysts is $59.86. The average price target of the 16 analysts that rated the stock following the latest earnings report is $58.97, a 9% premium over the current share price.</p><p><blockquote>英特尔股价目前交易价格为 54.05 美元。34 位分析师的 12 个月平均目标价为 59.86 美元。最新收益报告发布后，对该股进行评级的 16 位分析师的平均目标价为 58.97 美元，比当前股价溢价 9%。</blockquote></p><p> Investors should be aware that it has been nearly three months since NVDA posted quarterly earnings while INTC and AMD reported recently.</p><p><blockquote>投资者应该意识到，距离 NVDA 发布季度收益以及 INTC 和 AMD 最近发布季度收益已经近三个月了。</blockquote></p><p> <b>=Tie AMD/INTC</b></p><p><blockquote><b>=平局AMD/INTC</b></blockquote></p><p> <b>Growth Rates</b></p><p><blockquote><b>增长率</b></blockquote></p><p> The next chart provides data for growth rates. Unless otherwise noted, the metrics reflect analysts' average two-year forecasts.</p><p><blockquote>下图提供了增长率的数据。除非另有说明，这些指标反映了分析师的平均两年预测。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8ae1b79b3731a985fc209e626ca4886\" tg-width=\"577\" tg-height=\"337\" referrerpolicy=\"no-referrer\"><span>Source:Seeking Alpha Premium/ Chart by author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium/作者图表</span></p></blockquote></p><p> While investors familiar with these three companies would expect INTC to perform poorly in relation to NVDA and AMD in regarding growth, in several cases Intel is projected to experience negative growth rates.</p><p><blockquote>虽然熟悉这三家公司的投资者预计 INTC 在增长方面的表现将不如 NVDA 和 AMD，但在某些情况下，英特尔预计将出现负增长。</blockquote></p><p> Advanced Micro Devices projected growth leads that of NVIDIA in every category, and at times by very wide margins.</p><p><blockquote>Advanced Micro Devices 的预计增长在每个类别中都领先于 NVIDIA，有时甚至领先于 NVIDIA。</blockquote></p><p> <b>=Advantage AMD</b></p><p><blockquote><b>=优势AMD</b></blockquote></p><p> I considered providing a chart outlining the profitability of each company; however, suffice it to say that each is highly profitable, and that a juxtaposition of the three would result in a tie.</p><p><blockquote>我考虑提供一张图表，概述每家公司的盈利能力；然而，可以说，每一个都是高利润的，这三个并置将导致平局。</blockquote></p><p> I often provide a comparison that breaks down dividend metrics, but AMD does not pay a dividend, and NVDA has an anemic yield. INTC currently yields about 2.6%. The dividend is well funded.</p><p><blockquote>我经常提供一个细分股息指标的比较，但 AMD 不支付股息，而 NVDA 的收益率也很低。INTC 目前的收益率约为 2.6%。股息资金充足。</blockquote></p><p> <b>Debt Metrics</b></p><p><blockquote><b>债务指标</b></blockquote></p><p> NVIDIA had $12.67 billion in cash and $5.96 billion at the end of the last quarter. Should the ARM acquisition meet approval, the deal is structured so that $21 billion of the $40 billion purchase price will be in stock.</p><p><blockquote>英伟达上季度末拥有 126.7 亿美元现金和 59.6 亿美元现金。如果 ARM 收购获得批准，该交易的结构将使 400 亿美元收购价格中的 210 亿美元将有库存。</blockquote></p><p> AMD has restructured its debt resulting in reduced interest costs. AMD had about $3.8 billion in cash and $313 million in long-term debt at the end of the most recent quarter.</p><p><blockquote>AMD 重组了债务，降低了利息成本。截至最近一个季度末，AMD 拥有约 38 亿美元现金和 3.13 亿美元长期债务。</blockquote></p><p> Intel's has solid investment-grade credit ratings. The company held nearly $24.86 billion cash at the end of the last quarter and had $31.7 billion long-term debt.</p><p><blockquote>英特尔拥有可靠的投资级信用评级。截至上季度末，该公司持有近248.6亿美元现金，长期债务为317亿美元。</blockquote></p><p></p><p> All three firms have strong financial positions. Weighing the possibility that NVDA and AMD may add debt due to prospective acquisitions, I am rating the three firms as equals.</p><p><blockquote>这三家公司都拥有雄厚的财务状况。权衡 NVDA 和 AMD 可能因潜在收购而增加债务的可能性，我对这三家公司的评级为同等。</blockquote></p><p> <b>R&amp;D Budgets</b></p><p><blockquote><b>研发预算</b></blockquote></p><p> This is the first time I have&nbsp;compared&nbsp;the R&amp;D budgets of companies for a head-to-head showdown. However, in the semiconductor industry, that can be of pivotal importance.</p><p><blockquote>这是我第一次对企业的研发预算进行针锋相对的对决。然而，在半导体行业，这可能至关重要。</blockquote></p><p> Last fiscal year, Intel devoted over $13.5 billion to R&amp;D, NVDA spent nearly $2.83 billion, and AMD budgeted a bit over $1.9 billion on research and development.</p><p><blockquote>上一财年，英特尔研发投入超过135亿美元，NVDA花费近28.3亿美元，AMD研发预算略高于19亿美元。</blockquote></p><p> AMD is at a clear disadvantage, and that weakness is magnified because it often competes against INTC and NVDA in different arenas. It should be noted that a portion of Intel’s R&amp;D is funneled to its foundry business. Nevertheless, it is the clear winner here, and AMD is the obvious loser.</p><p><blockquote>AMD处于明显的劣势，这种弱点被放大了，因为它经常在不同的领域与INTC和NVDA竞争。值得注意的是，英特尔的部分研发资金流向了代工业务。然而，它是这里明显的赢家，而AMD是明显的输家。</blockquote></p><p> I should add that NVDA is chipping away at AMD’s share of the discrete GPU market, and I believe that trend will continue, in part due to the disparity in R&amp;D budgets.</p><p><blockquote>我还应该补充一点，NVDA 正在蚕食 AMD 在独立 GPU 市场的份额，我相信这一趋势还会继续下去，部分原因是研发预算的差异。</blockquote></p><p> <b>=Advantage INTC</b></p><p><blockquote><b>=优势INTC</b></blockquote></p><p> <b>Bottom Line: Which Is The Best Chip Stock?</b></p><p><blockquote><b>一句话：哪只芯片股最好？</b></blockquote></p><p> To arrive at an answer, much depends on whether NVIDIA can complete its acquisition of ARM.</p><p><blockquote>要得出答案，很大程度上取决于英伟达能否完成对ARM的收购。</blockquote></p><p> Because ARM processors are more power and cost-efficient than x86 chips, NVDA could gain market share in the data center space. Since around a third of Intel’s revenue flows from data centers, that could represent a headwind for INTC and a positive for NVDA. However, there is a good chance the deal will fail to close.</p><p><blockquote>由于 ARM 处理器比 x86 芯片更强大、更具成本效益，NVDA 可以在数据中心领域获得市场份额。由于英特尔约三分之一的收入来自数据中心，这可能会给 INTC 带来阻力，而给 NVDA 带来利好。然而，这笔交易很有可能无法完成。</blockquote></p><p> The degree of success Intel finds as its&nbsp;planned&nbsp;foundries come online is another factor that should be weighed.</p><p><blockquote>英特尔计划中的代工厂上线后取得的成功程度是另一个需要权衡的因素。</blockquote></p><p> A development to be weighed is that AMD has now reached parity with INTC in the PC market in terms of the quality of its products. Furthermore, AMD is gaining market share in the server market, and I expect that trend to continue.</p><p><blockquote>一个需要权衡的发展是，就其产品质量而言，AMD现在已经在PC市场与INTC平起平坐。此外，AMD正在服务器市场获得市场份额，我预计这一趋势将继续下去。</blockquote></p><p> On the other hand, AMD is losing share in the discrete GPU market to NVDA. NVDA has a technological lead in that space which will probably continue.</p><p><blockquote>另一方面，AMD 正在将独立 GPU 市场的份额输给 NVDA。NVDA 在该领域拥有技术领先地位，这种领先地位可能会持续下去。</blockquote></p><p> While AMD and NVDA are seen as growth machines, one should not ignore that Intel’s Internet of Things business increased by 47% in the last quarter. Mobileye also saw a surge in growth with revenue increasing 124%. Although these businesses only totaled $1.3 billion in revenue, a fraction of Intel's total revenue of $18.5 billion, they still represent areas of high growth.</p><p><blockquote>虽然 AMD 和 NVDA 被视为增长机器，但我们不应忽视英特尔的物联网业务在上一季度增长了 47%。Mobileye 的增长也激增，收入增长了 124%。尽管这些业务的总收入只有13亿美元，只是英特尔185亿美元总收入的一小部分，但它们仍然代表着高增长的领域。</blockquote></p><p> However, note the header refers to “chip stock.” Consequently, technological advantages are but one part of the puzzle. Any investment decision must take current valuations and prospective growth rates into account.</p><p><blockquote>但请注意，标题指的是 “芯片库存”。因此，技术优势只是难题的一部分。任何投资决策都必须考虑当前估值和未来增长率。</blockquote></p><p> With that in mind, I must rate NVIDIA as a HOLD due to current valuation and growth estimates. Note my rating is based on the current valuation of the stock. I acknowledge the exemplary leadership of the company and believe the long-term prospect for the stock is excellent.</p><p><blockquote>考虑到这一点，由于当前的估值和增长预期，我必须将英伟达评级为持有。请注意，我的评级是基于股票的当前估值。我感谢公司的模范领导，并相信该股的长期前景非常好。</blockquote></p><p> I also rate INTC as a HOLD. I previously rated the company as a buy. While I still believe the firm will serve long-term investors well, I now believe its recovery will unfold over a long time span, and better opportunities are available.</p><p><blockquote>我还将 INTC 评级为持有。我之前将该公司评级为买入。虽然我仍然相信该公司将为长期投资者提供良好的服务，但我现在相信其复苏将在很长一段时间内展开，并且还有更好的机会。</blockquote></p><p> I rate AMD as a BUY. This is based on the current valuations and growth rates outlined in this article. I’ll add that those metrics are buttressed by my perception that as Intel works on its recovery, AMD is likely to chip away at market share.</p><p><blockquote>我将 AMD 评级为买入。这是基于本文中概述的当前估值和增长率。我还要补充一点，我认为随着英特尔努力复苏，AMD 很可能会蚕食市场份额，这也支撑了这些指标。</blockquote></p><p> For additional insights into the technological aspects of an investment in AMD and INTC, I recommend an excellent article by SA&nbsp;contributor&nbsp;Keyanoush Razavidinani.</p><p><blockquote>要进一步了解AMD和INTC投资的技术方面，我推荐SA撰稿人Keyanoush Razavidinani的一篇优秀文章。</blockquote></p><p></p>","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>AMD, Intel, And Nvidia: Which Is The Best Chip Stock?<blockquote>AMD、英特尔和英伟达：哪只芯片股票最好？</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nAMD, Intel, And Nvidia: Which Is The Best Chip Stock?<blockquote>AMD、英特尔和英伟达：哪只芯片股票最好？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-08-15 10:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>AMD's recent CPU and GPU offerings have been more competitive with Intel and NVIDIA's products.</li>  <li>AMD’s EPYC server chips have proved to be comparable or even superior to certain Intel chips and have led to AMD gaining server CPU market share.</li>  <li>Even so, Intel is the leader in the processor market and holds long-term advantages over AMD in R&amp;D, marketing, and pricing.</li>  <li>Nvidia is ahead of AMD in GPU technology and is leveraging its GPUs into adjacent end markets such as artificial intelligence.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5a8f0aee0f3d10db76a1ee18fe604b40\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>Andy/iStock via Getty Images</span></p><p><blockquote><ul><li>AMD 最近的 CPU 和 GPU 产品与英特尔和英伟达的产品相比更具竞争力。</li><li>事实证明，AMD 的 EPYC 服务器芯片可与某些英特尔芯片媲美甚至更胜一筹，并帮助 AMD 获得了服务器 CPU 市场份额。</li><li>即便如此，英特尔仍然是处理器市场的领导者，在研发、营销和定价方面长期保持着相对于AMD的优势。</li><li>英伟达在 GPU 技术方面领先于 AMD，并正在利用其 GPU 进入人工智能等邻近终端市场。</li></ul><p class=\"t-img-caption\"><span>安迪/iStock 来自盖蒂图片社</span></p></blockquote></p><p> Intel (INTC) was once the microchip industry equivalent of the Colossus of Rhodes, a monument to the power of Moore’s law. However, the firm stumbled with its 10-nanometer process, and recently announced its 7-nm process will be delayed until 2023.</p><p><blockquote>英特尔（INTC）曾经是微芯片行业的罗兹巨像，是摩尔定律力量的丰碑。然而，该公司在 10 纳米工艺方面遇到了困难，最近宣布其 7 纳米工艺将推迟到 2023 年。</blockquote></p><p> This left the door open to Advanced Micro Devices Inc. (AMD), and that firm has taken full advantage of the opportunity. AMD has taken a large share of the CPU market and is making inroads into the once nearly impenetrable server market.</p><p><blockquote>这为 Advanced Micro Devices Inc. (AMD) 敞开了大门，该公司充分利用了这个机会。AMD 已经占据了 CPU 市场的很大份额，并正在进军曾经几乎难以渗透的服务器市场。</blockquote></p><p> AMD now has seven consecutive quarters of double-digit revenue growth under its belt, and it appears the firm is gaining momentum: management now guides for 60% revenue growth for the full year, up from the 50% forecast provided in the previous quarter.</p><p><blockquote>AMD 现已连续七个季度实现两位数收入增长，而且该公司似乎正在获得动力：管理层目前预计全年收入增长 60%，高于上一季度预测的 50%。</blockquote></p><p> However, AMD also competes with NVIDIA Corporation (NVDA), and the latter company’s GPU technology is stealing market share. NVDA has also been successful in gaining access to adjacent markets with its GPUs, especially AI and automotive markets.</p><p><blockquote>然而，AMD 还与英伟达公司（NVDA）竞争，后者的 GPU 技术正在抢走市场份额。NVDA 还成功凭借其 GPU 进入邻近市场，尤其是人工智能和汽车市场。</blockquote></p><p> <b>The Ins And Outs of Intel</b></p><p><blockquote><b>英特尔的来龙去脉</b></blockquote></p><p> An understanding of Intel also provides insights into AMD. This is due to the overlap between the two companies, particularly in regards to x86 chips. Intel developed the x86 chip in 1978. To satisfy demands by IBM that Intel would not be the sole supplier of the chips, INTC provided x86 instruction set architecture licensing to AMD.</p><p><blockquote>了解英特尔还可以深入了解 AMD。这是由于两家公司之间的重叠，特别是在x86芯片方面。英特尔在1978年开发了x86芯片。为了满足IBM的要求，即英特尔不会成为芯片的唯一供应商，INTC向AMD提供了x86指令集架构许可。</blockquote></p><p> Consequently, Intel and AMD have a duopoly position in the PC and server markets, as nearly all computer software is written for x86 architecture. The result is that both have a wide moat related to the x86 ecosystem.</p><p><blockquote>因此，英特尔和AMD在PC和服务器市场占据双头垄断地位，因为几乎所有的计算机软件都是为x86架构编写的。结果是，两者都有一条与x86生态系统相关的宽阔护城河。</blockquote></p><p> Gaming consoles in particular are based on x86 architecture due to those platforms generally providing more powerful CPUs and GPUs with multiple compute cores. Like PCs, consoles operate with games that use x86 based software. Once again, this stifles potential competition from ARM-based devices.</p><p><blockquote>游戏机尤其基于x86架构，因为这些平台通常提供具有多个计算核心的更强大的CPU和GPU。像个人电脑一样，游戏机运行使用基于x86软件的游戏。这再次扼杀了基于ARM的设备的潜在竞争。</blockquote></p><p> Until fairly recently, AMD was a distant second to INTC as a supplier of x86 chips. However, AMD teamed with Taiwan Semiconductor(NYSE:TSM)to use that manufacturer’s 7nm process to surpass INTC in process technology. Combined with AMD’s developing new innovative chip designs, this one-two punch resulted in INTC losing significant market share.</p><p><blockquote>直到最近，作为x86芯片的供应商，AMD还远远落后于INTC。然而，AMD 与台积电（纽约证券交易所股票代码：TSM）合作，利用该制造商的 7 纳米工艺在工艺技术上超越了 INTC。再加上 AMD 开发新的创新芯片设计，这种一举两得的打击导致 INTC 失去了大量市场份额。</blockquote></p><p> At the end of Q1, AMD held 19.30% of the x86 desktop&nbsp;market, a 70 basis point gain year-over-year. In Q2 AMD corralled 8% of the server market, up from a 5%&nbsp;market&nbsp;share in Q4 of 2019.</p><p><blockquote>Q1末，AMD占据x86台式机市场19.30%的份额，同比增长70个基点。第二季度，AMD占据了服务器市场8%的份额，高于2019年第四季度5%的市场份额。</blockquote></p><p> Despite these setbacks, it seems premature to view Intel as a moribund business. INTC is one of the largest semiconductor companies in the world. The firm dominates the server market, and still holds 60% of the global x86 CPU&nbsp;market.</p><p><blockquote>尽管遭遇了这些挫折，但将英特尔视为一家垂死的企业似乎还为时过早。INTC是世界上最大的半导体公司之一。该公司主导着服务器市场，仍然占据全球x86 CPU市场60%的份额。</blockquote></p><p> The company has an enormous R&amp;D budget, and it is expanding into new markets, primarily Artificial Intelligence, Field-Programmable Gate Array chips, and automotive offerings, through its acquisitions of Habana Labs, Altera, Movidius, and Mobileye.</p><p><blockquote>该公司拥有巨额研发预算，并通过收购 Habana Labs、Altera、Movidius 和 Mobileye，正在扩展到新市场，主要是人工智能、现场可编程门阵列芯片和汽车产品。</blockquote></p><p> Investors should not be swayed by the claim that Intel’s new 10nm chips are inferior to 7nm solely on the basis that 7 is superior to 10. While once used to denote the technology level of a chip design, it has been misused to the point of being useless.</p><p><blockquote>投资者不应仅仅因为 7 优于 10 就声称英特尔的新 10 纳米芯片不如 7 纳米。虽然它曾经被用来表示芯片设计的技术水平，但它已经被滥用到毫无用处的地步。</blockquote></p><p> However, there are a number of concerns that must be acknowledged. Intel lags competitors in the smartphone market. As consumers shift to mobile devices, this could result in a sustained headwind as smartphones take the place of PCs. On the other hand, it should be acknowledged that INTC’s server processor business has seen growth associated with the surge in mobile devices and cloud computing.</p><p><blockquote>然而，必须承认一些关切。英特尔在智能手机市场落后于竞争对手。随着消费者转向移动设备，随着智能手机取代个人电脑，这可能会导致持续的逆风。另一方面，应该承认的是，随着移动设备和云计算的激增，INTC 的服务器处理器业务也取得了增长。</blockquote></p><p> Intel also faces increased competition from AMD in the data center space, as well as customers developing their own ARM-based chips for CPUs.</p><p><blockquote>英特尔在数据中心领域还面临着来自 AMD 的日益激烈的竞争，以及客户为 CPU 开发自己的基于 ARM 的芯片。</blockquote></p><p> <b>An Overview of AMD</b></p><p><blockquote><b>AMD概述</b></blockquote></p><p> In years past, INTC held the lion’s share of the x86 market. This was due in part to Intel’s leading-edge manufacturing combined with AMD’s wafer supply agreements with less than stellar GlobalFoundries.</p><p><blockquote>在过去的几年里，INTC 占据了 x86 市场的最大份额。这在一定程度上要归功于英特尔领先的制造技术，以及 AMD 与不太出色的 GlobalFoundries 签订的晶圆供应协议。</blockquote></p><p></p><p> However, a seismic shift occurred due to three factors: driven by innovative designs, AMD brought competitive products to market, AMD shifted to TSMC for production, and Intel faced repeated manufacturing delays. The two charts below document the progress the company has made.</p><p><blockquote>然而，由于三个因素发生了翻天覆地的变化：在创新设计的推动下，AMD将有竞争力的产品推向市场，AMD转向台积电进行生产，英特尔面临反复的制造延迟。下面的两个图表记录了公司取得的进展。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/903df41d5400c9807ff487a75a7e5450\" tg-width=\"1280\" tg-height=\"989\" referrerpolicy=\"no-referrer\"><span>Source:Q2 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：第二季度收益演示</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/331cd14b666f520a62d0746d5fadfa5b\" tg-width=\"1280\" tg-height=\"989\" referrerpolicy=\"no-referrer\"><span>Source:Q2 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：第二季度收益演示</span></p></blockquote></p><p> Like Intel, AMD’s primary products are CPUs and GPUs. AMD’s chips are designed for PCs, game consoles, servers, and blockchain applications. And like INTC, AMD’s offerings are largely protected from competition due to the preponderance of software for PCs and servers being designed for x86 architecture.</p><p><blockquote>与英特尔一样，AMD 的主要产品也是 CPU 和 GPU。AMD 的芯片专为 PC、游戏机、服务器和区块链应用而设计。与 INTC 一样，AMD 的产品在很大程度上免受竞争影响，因为 PC 和服务器软件大多是为 x86 架构设计的。</blockquote></p><p> AMD’s strong growth has largely come at the expense of Intel as AMD has steadily chipped away at the former company’s CPU market share.</p><p><blockquote>AMD 的强劲增长在很大程度上是以牺牲英特尔为代价的，因为 AMD 一直在稳步蚕食英特尔的 CPU 市场份额。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e7f8fbcab5da8a24d01d2b6408bd5686\" tg-width=\"576\" tg-height=\"336\" referrerpolicy=\"no-referrer\"><span>Source:Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：Seeking Alpha</span></p></blockquote></p><p> AMD’s focus on CPU and GPU semi-custom processor applications has resulted in their use in Microsoft Xbox and Sony PlayStation game consoles.</p><p><blockquote>AMD 专注于 CPU 和 GPU 半定制处理器应用，这使得它们在微软 Xbox 和索尼 PlayStation 游戏机中得到应用。</blockquote></p><p> In regards to PC integrated GPUs, AMD is roughly in parity with NVIDIA while INTC dominates with roughly 68% of the market.</p><p><blockquote>在 PC 集成 GPU 方面，AMD 与 NVIDIA 大致持平，而 INTC 则以约 68% 的市场份额占据主导地位。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67a0fe74d986cf882623a8f39587d0d8\" tg-width=\"544\" tg-height=\"394\" referrerpolicy=\"no-referrer\"><span>Source:tom'sHARDWARE</span></p><p><blockquote><p class=\"t-img-caption\"><span>来源：汤姆硬件</span></p></blockquote></p><p> However, NVIDIA dominates the discrete GPU space with an 80% plus market share with AMD sweeping up what is left. NVIDIA’s discrete GPUs are arguably superior to AMD’s (more on that later); therefore, investors should not look for growth here.</p><p><blockquote>然而，英伟达以80%以上的市场份额主导着独立GPU领域，AMD横扫了剩下的市场。英伟达的独立 GPU 可以说优于 AMD（稍后会详细介绍）；因此，投资者不应在这里寻求增长。</blockquote></p><p> Although AMD’s EPYC server CPU products were competitive with that of rivals, initially the company relied on aggressive pricing to promote its first generation of EPYC offerings. However, the EPYC line has gained wider acceptance, and with the Milan processors, the company is gaining market share. As server CPUs provide a better profit margin than the company’s other products, expansion into that space should aid in driving revenue.</p><p><blockquote>虽然 AMD 的 EPYC 服务器 CPU 产品与竞争对手相比具有竞争力，但该公司最初依靠激进的定价来推广其第一代 EPYC 产品。然而，EPYC系列已经获得了更广泛的认可，随着米兰处理器的推出，该公司正在获得市场份额。由于服务器 CPU 的利润率高于公司的其他产品，因此向该领域的扩张将有助于推动收入增长。</blockquote></p><p> Late last year,AMD entered intoa deal&nbsp;to acquire&nbsp;Xilinx (XLNX), a leader in field programmable gate array (FPGA) chips. FPGAs can be used for a wide variety of applications. Because shifting to a competing FPGA provider requires retraining of engineers in software and design tools, customers are loath to make a switch to a competing vendor. Consequently, if the Xilinx deal goes through, AMD will have acquired a wide moat business. Management guides for operational efficiencies of approximately $300 million within 18 months of closing the transaction.</p><p><blockquote>去年年底，AMD 达成收购现场可编程门阵列 (FPGA) 芯片领导者赛灵思 (XLNX) 的交易。FPGA可用于各种各样的应用。由于转向竞争的 FPGA 供应商需要对工程师进行软件和设计工具方面的再培训，因此客户不愿意转向竞争供应商。因此，如果赛灵思交易成功，AMD 将获得广泛的护城河业务。交易完成后 18 个月内运营效率管理指南约为 3 亿美元。</blockquote></p><p> The Xilinx acquisition should bolster AMD’s data center and artificial intelligence businesses.</p><p><blockquote>收购赛灵思将有助于增强 AMD 的数据中心和人工智能业务。</blockquote></p><p> AMD agreed to acquire Xilinx for $35 billion in an all-stock transaction.</p><p><blockquote>AMD 同意以 350 亿美元的全股票交易收购赛灵思。</blockquote></p><p> <b>A Survey of NVIDIA</b></p><p><blockquote><b>英伟达调查</b></blockquote></p><p> NVDA's focus on the graphics processing units market has led the company to a dominant position in the discrete GPU space. The firm is the leader in discrete GPUs for computing platforms, especially gaming consoles. The fact that Intel licensed intellectual property from NVIDIA to integrate GPUs into its PC chipset testifies to the lead the company maintains.</p><p><blockquote>NVDA 对图形处理单元市场的关注使该公司在独立 GPU 领域占据了主导地位。该公司是计算平台（尤其是游戏机）分立 GPU 领域的领导者。英特尔从英伟达获得知识产权，将GPU集成到其PC芯片组中，这一事实证明了该公司保持的领先地位。</blockquote></p><p> The chart below provides a record of the burgeoning ASP the company has been able to command over the last half decade, beginning with the Pascal architecture in 2016, and progressing through Turing to Ampere.</p><p><blockquote>下图记录了该公司在过去五年中能够控制的蓬勃发展的ASP，从2016年的Pascal架构开始，从图灵到安培。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/04fb1d71f9df02f6c63907fe784b2fd8\" tg-width=\"1280\" tg-height=\"720\" referrerpolicy=\"no-referrer\"><span>Source:AMD Investor Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：AMD 投资者演示</span></p></blockquote></p><p> The firm’s chips are also found in many high-end PCs, and NVDA has particular strength in the incipient AI and self-driving vehicle markets.</p><p><blockquote>该公司的芯片也应用于许多高端个人电脑中，NVDA 在新兴的人工智能和自动驾驶汽车市场尤其具有实力。</blockquote></p><p> GPUs are being teamed with CPUs to&nbsp;enhance&nbsp;computation workloads. This stratagem is designed to bolster the ability of AI systems to perform computationally intensive tasks. AI related to&nbsp;autonomous&nbsp;vehicles is a developing strength for NVIDIA. Another arena in which the firm is making its mark is in cloud</p><p><blockquote>GPU正在与CPU合作，以增强计算工作负载。这一策略旨在增强人工智能系统执行计算密集型任务的能力。与自动驾驶汽车相关的人工智能是英伟达不断发展的优势。该公司在云计算领域崭露头角的另一个领域</blockquote></p><p> AI and data centers pose the most likely avenue of growth for NVDA. To strengthen its position in both businesses, the company moved last year to acquire ARM Holdings (ARMHF) from parent company Softbank for $40 billion.</p><p><blockquote>人工智能和数据中心是 NVDA 最有可能的增长途径。为了巩固其在这两项业务中的地位，该公司去年以 400 亿美元从母公司软银手中收购了 ARM Holdings (ARMHF)。</blockquote></p><p> ARM is the globe’s largest licensor of chip designs. Its chips are ubiquitous and can be found in mobile phones, smart TVs, and tablet computers. 160 billion chips have been made using ARM designs.</p><p><blockquote>ARM 是全球最大的芯片设计许可商。它的芯片无处不在，可以在手机、智能电视和平板电脑中找到。使用ARM设计已经制造了1600亿个芯片。</blockquote></p><p></p><p> Perhaps of equal importance is that 13 million developers work with ARM devices. To place that in context, NVDA has 2 million developers working on its array of devices.</p><p><blockquote>也许同样重要的是，1300万开发者使用ARM设备。从上下文来看，NVDA 有 200 万开发人员在其设备阵列上工作。</blockquote></p><p> Unfortunately for investors, bothChinaand theU.K.are reportedly balking at approving the deal.</p><p><blockquote>对投资者来说不幸的是，据报道，中国和theU.K.都不愿批准这笔交易。</blockquote></p><p> <b>Head-To-Head Comparisons</b></p><p><blockquote><b>头对头比较</b></blockquote></p><p> <b>Valuation Metrics</b></p><p><blockquote><b>估值指标</b></blockquote></p><p> The following chart provides a variety of metrics related to each stock's valuation. All data labeled forward is analysts’ next fiscal year consensus estimate.</p><p><blockquote>下图提供了与每只股票估值相关的各种指标。所有标有“远期”字样的数据都是分析师对下一财年的一致估计。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1bdeabcd2ea473601fbaaaa03235de77\" tg-width=\"576\" tg-height=\"336\" referrerpolicy=\"no-referrer\"><span>Source:Seeking Alpha Premium/ chart by author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium/作者图表</span></p></blockquote></p><p> Next, I’m using a graph to provide PEG ratios for the three companies. As there can be fairly wide variations in PEG ratios due to analysts’ inputs, I prefer that readers have access to multiple sources when I find wide variance in the ratio.</p><p><blockquote>接下来，我用一张图表来提供这三家公司的 PEG 比率。由于分析师的输入会导致 PEG 比率出现相当大的差异，因此当我发现比率存在较大差异时，我更希望读者能够获得多个来源。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/884fc2142d97afcc9e2308e50058dd45\" tg-width=\"576\" tg-height=\"336\" referrerpolicy=\"no-referrer\"><span>Chart by author</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者图表</span></p></blockquote></p><p> Note that Seeking Alpha provides a three to five-year PEG, Schwab simply lists its metric as a PEG ratio, while Yahoo! Finance calculates a five-year ratio. This could explain some of the variance in the numbers provided.</p><p><blockquote>请注意，Seeking Alpha提供了三到五年的挂钩，Schwab只是将其指标列为挂钩比率，而Yahoo!财务计算五年比率。这可以解释所提供数字的一些差异。</blockquote></p><p> Perusing the first chart, it is obvious that NVDA is the most overvalued. It is also interesting to note that in the current P/E and the forward price/cash flow estimates show AMD as valued near the sector median.</p><p><blockquote>仔细阅读第一张图表，很明显 NVDA 被高估了。同样有趣的是，在当前的市盈率和远期价格/现金流估计中，AMD 的估值接近行业中位数。</blockquote></p><p> Count me as an investor that places great emphasis on a stocks PEG Ratio. Viewing the second chart, AMD has the best PEG of the three companies. I also note that analysts from each source calculated AMD’s PEG ratio as better than the sector median.</p><p><blockquote>把我算作一个非常重视股票挂钩比率的投资者。查看第二张图表，AMD 是三家公司中最好的。我还注意到，每个消息来源的分析师都计算出 AMD 的 PEG 比率好于行业中位数。</blockquote></p><p> Do not misinterpret my findings. While INTC has a lower valuation in many respects, when considering other factors, I rate AMD higher overall. In other words, it is not the cheapest valuation but the best valuation, for lack of a better means to articulate my view.</p><p><blockquote>不要曲解我的发现。虽然 INTC 在许多方面的估值较低，但当考虑其他因素时，我对 AMD 的总体评价较高。换句话说，这不是最便宜的估值，而是最好的估值，因为缺乏更好的方法来表达我的观点。</blockquote></p><p> <b>=Advantage AMD</b></p><p><blockquote><b>=优势AMD</b></blockquote></p><p> <b>Analysts’ Price Targets</b></p><p><blockquote><b>分析师的目标价</b></blockquote></p><p> NVIDIA shares currently trade for $202.95. The average 12-month price target of 33 analysts is $186.49. The average price target of the 17 analysts that rated the stock following the latest earnings report is $210.53, about 3.7% above the current price of the stock.</p><p><blockquote>英伟达股价目前交易价格为 202.95 美元。33 位分析师的 12 个月平均目标价为 186.49 美元。最新收益报告发布后对该股进行评级的 17 位分析师的平均目标价为 210.53 美元，比该股当前价格高出约 3.7%。</blockquote></p><p> AMD shares currently trade for $107.58. The average 12-month price target of 28 analysts is $108.56. The average price target of the 11 analysts that rated the stock following the latest earnings report is $117.27, roughly 9% above the prevailing share price.</p><p><blockquote>AMD 股价目前交易价格为 107.58 美元。28 位分析师的 12 个月平均目标价为 108.56 美元。最新收益报告发布后对该股进行评级的 11 位分析师的平均目标价为 117.27 美元，比当前股价高出约 9%。</blockquote></p><p> Intel shares currently trade for $54.05. The average 12-month price target of 34 analysts is $59.86. The average price target of the 16 analysts that rated the stock following the latest earnings report is $58.97, a 9% premium over the current share price.</p><p><blockquote>英特尔股价目前交易价格为 54.05 美元。34 位分析师的 12 个月平均目标价为 59.86 美元。最新收益报告发布后，对该股进行评级的 16 位分析师的平均目标价为 58.97 美元，比当前股价溢价 9%。</blockquote></p><p> Investors should be aware that it has been nearly three months since NVDA posted quarterly earnings while INTC and AMD reported recently.</p><p><blockquote>投资者应该意识到，距离 NVDA 发布季度收益以及 INTC 和 AMD 最近发布季度收益已经近三个月了。</blockquote></p><p> <b>=Tie AMD/INTC</b></p><p><blockquote><b>=平局AMD/INTC</b></blockquote></p><p> <b>Growth Rates</b></p><p><blockquote><b>增长率</b></blockquote></p><p> The next chart provides data for growth rates. Unless otherwise noted, the metrics reflect analysts' average two-year forecasts.</p><p><blockquote>下图提供了增长率的数据。除非另有说明，这些指标反映了分析师的平均两年预测。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8ae1b79b3731a985fc209e626ca4886\" tg-width=\"577\" tg-height=\"337\" referrerpolicy=\"no-referrer\"><span>Source:Seeking Alpha Premium/ Chart by author</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Seeking Alpha Premium/作者图表</span></p></blockquote></p><p> While investors familiar with these three companies would expect INTC to perform poorly in relation to NVDA and AMD in regarding growth, in several cases Intel is projected to experience negative growth rates.</p><p><blockquote>虽然熟悉这三家公司的投资者预计 INTC 在增长方面的表现将不如 NVDA 和 AMD，但在某些情况下，英特尔预计将出现负增长。</blockquote></p><p> Advanced Micro Devices projected growth leads that of NVIDIA in every category, and at times by very wide margins.</p><p><blockquote>Advanced Micro Devices 的预计增长在每个类别中都领先于 NVIDIA，有时甚至领先于 NVIDIA。</blockquote></p><p> <b>=Advantage AMD</b></p><p><blockquote><b>=优势AMD</b></blockquote></p><p> I considered providing a chart outlining the profitability of each company; however, suffice it to say that each is highly profitable, and that a juxtaposition of the three would result in a tie.</p><p><blockquote>我考虑提供一张图表，概述每家公司的盈利能力；然而，可以说，每一个都是高利润的，这三个并置将导致平局。</blockquote></p><p> I often provide a comparison that breaks down dividend metrics, but AMD does not pay a dividend, and NVDA has an anemic yield. INTC currently yields about 2.6%. The dividend is well funded.</p><p><blockquote>我经常提供一个细分股息指标的比较，但 AMD 不支付股息，而 NVDA 的收益率也很低。INTC 目前的收益率约为 2.6%。股息资金充足。</blockquote></p><p> <b>Debt Metrics</b></p><p><blockquote><b>债务指标</b></blockquote></p><p> NVIDIA had $12.67 billion in cash and $5.96 billion at the end of the last quarter. Should the ARM acquisition meet approval, the deal is structured so that $21 billion of the $40 billion purchase price will be in stock.</p><p><blockquote>英伟达上季度末拥有 126.7 亿美元现金和 59.6 亿美元现金。如果 ARM 收购获得批准，该交易的结构将使 400 亿美元收购价格中的 210 亿美元将有库存。</blockquote></p><p> AMD has restructured its debt resulting in reduced interest costs. AMD had about $3.8 billion in cash and $313 million in long-term debt at the end of the most recent quarter.</p><p><blockquote>AMD 重组了债务，降低了利息成本。截至最近一个季度末，AMD 拥有约 38 亿美元现金和 3.13 亿美元长期债务。</blockquote></p><p> Intel's has solid investment-grade credit ratings. The company held nearly $24.86 billion cash at the end of the last quarter and had $31.7 billion long-term debt.</p><p><blockquote>英特尔拥有可靠的投资级信用评级。截至上季度末，该公司持有近248.6亿美元现金，长期债务为317亿美元。</blockquote></p><p></p><p> All three firms have strong financial positions. Weighing the possibility that NVDA and AMD may add debt due to prospective acquisitions, I am rating the three firms as equals.</p><p><blockquote>这三家公司都拥有雄厚的财务状况。权衡 NVDA 和 AMD 可能因潜在收购而增加债务的可能性，我对这三家公司的评级为同等。</blockquote></p><p> <b>R&amp;D Budgets</b></p><p><blockquote><b>研发预算</b></blockquote></p><p> This is the first time I have&nbsp;compared&nbsp;the R&amp;D budgets of companies for a head-to-head showdown. However, in the semiconductor industry, that can be of pivotal importance.</p><p><blockquote>这是我第一次对企业的研发预算进行针锋相对的对决。然而，在半导体行业，这可能至关重要。</blockquote></p><p> Last fiscal year, Intel devoted over $13.5 billion to R&amp;D, NVDA spent nearly $2.83 billion, and AMD budgeted a bit over $1.9 billion on research and development.</p><p><blockquote>上一财年，英特尔研发投入超过135亿美元，NVDA花费近28.3亿美元，AMD研发预算略高于19亿美元。</blockquote></p><p> AMD is at a clear disadvantage, and that weakness is magnified because it often competes against INTC and NVDA in different arenas. It should be noted that a portion of Intel’s R&amp;D is funneled to its foundry business. Nevertheless, it is the clear winner here, and AMD is the obvious loser.</p><p><blockquote>AMD处于明显的劣势，这种弱点被放大了，因为它经常在不同的领域与INTC和NVDA竞争。值得注意的是，英特尔的部分研发资金流向了代工业务。然而，它是这里明显的赢家，而AMD是明显的输家。</blockquote></p><p> I should add that NVDA is chipping away at AMD’s share of the discrete GPU market, and I believe that trend will continue, in part due to the disparity in R&amp;D budgets.</p><p><blockquote>我还应该补充一点，NVDA 正在蚕食 AMD 在独立 GPU 市场的份额，我相信这一趋势还会继续下去，部分原因是研发预算的差异。</blockquote></p><p> <b>=Advantage INTC</b></p><p><blockquote><b>=优势INTC</b></blockquote></p><p> <b>Bottom Line: Which Is The Best Chip Stock?</b></p><p><blockquote><b>一句话：哪只芯片股最好？</b></blockquote></p><p> To arrive at an answer, much depends on whether NVIDIA can complete its acquisition of ARM.</p><p><blockquote>要得出答案，很大程度上取决于英伟达能否完成对ARM的收购。</blockquote></p><p> Because ARM processors are more power and cost-efficient than x86 chips, NVDA could gain market share in the data center space. Since around a third of Intel’s revenue flows from data centers, that could represent a headwind for INTC and a positive for NVDA. However, there is a good chance the deal will fail to close.</p><p><blockquote>由于 ARM 处理器比 x86 芯片更强大、更具成本效益，NVDA 可以在数据中心领域获得市场份额。由于英特尔约三分之一的收入来自数据中心，这可能会给 INTC 带来阻力，而给 NVDA 带来利好。然而，这笔交易很有可能无法完成。</blockquote></p><p> The degree of success Intel finds as its&nbsp;planned&nbsp;foundries come online is another factor that should be weighed.</p><p><blockquote>英特尔计划中的代工厂上线后取得的成功程度是另一个需要权衡的因素。</blockquote></p><p> A development to be weighed is that AMD has now reached parity with INTC in the PC market in terms of the quality of its products. Furthermore, AMD is gaining market share in the server market, and I expect that trend to continue.</p><p><blockquote>一个需要权衡的发展是，就其产品质量而言，AMD现在已经在PC市场与INTC平起平坐。此外，AMD正在服务器市场获得市场份额，我预计这一趋势将继续下去。</blockquote></p><p> On the other hand, AMD is losing share in the discrete GPU market to NVDA. NVDA has a technological lead in that space which will probably continue.</p><p><blockquote>另一方面，AMD 正在将独立 GPU 市场的份额输给 NVDA。NVDA 在该领域拥有技术领先地位，这种领先地位可能会持续下去。</blockquote></p><p> While AMD and NVDA are seen as growth machines, one should not ignore that Intel’s Internet of Things business increased by 47% in the last quarter. Mobileye also saw a surge in growth with revenue increasing 124%. Although these businesses only totaled $1.3 billion in revenue, a fraction of Intel's total revenue of $18.5 billion, they still represent areas of high growth.</p><p><blockquote>虽然 AMD 和 NVDA 被视为增长机器，但我们不应忽视英特尔的物联网业务在上一季度增长了 47%。Mobileye 的增长也激增，收入增长了 124%。尽管这些业务的总收入只有13亿美元，只是英特尔185亿美元总收入的一小部分，但它们仍然代表着高增长的领域。</blockquote></p><p> However, note the header refers to “chip stock.” Consequently, technological advantages are but one part of the puzzle. Any investment decision must take current valuations and prospective growth rates into account.</p><p><blockquote>但请注意，标题指的是 “芯片库存”。因此，技术优势只是难题的一部分。任何投资决策都必须考虑当前估值和未来增长率。</blockquote></p><p> With that in mind, I must rate NVIDIA as a HOLD due to current valuation and growth estimates. Note my rating is based on the current valuation of the stock. I acknowledge the exemplary leadership of the company and believe the long-term prospect for the stock is excellent.</p><p><blockquote>考虑到这一点，由于当前的估值和增长预期，我必须将英伟达评级为持有。请注意，我的评级是基于股票的当前估值。我感谢公司的模范领导，并相信该股的长期前景非常好。</blockquote></p><p> I also rate INTC as a HOLD. I previously rated the company as a buy. While I still believe the firm will serve long-term investors well, I now believe its recovery will unfold over a long time span, and better opportunities are available.</p><p><blockquote>我还将 INTC 评级为持有。我之前将该公司评级为买入。虽然我仍然相信该公司将为长期投资者提供良好的服务，但我现在相信其复苏将在很长一段时间内展开，并且还有更好的机会。</blockquote></p><p> I rate AMD as a BUY. This is based on the current valuations and growth rates outlined in this article. I’ll add that those metrics are buttressed by my perception that as Intel works on its recovery, AMD is likely to chip away at market share.</p><p><blockquote>我将 AMD 评级为买入。这是基于本文中概述的当前估值和增长率。我还要补充一点，我认为随着英特尔努力复苏，AMD 很可能会蚕食市场份额，这也支撑了这些指标。</blockquote></p><p> For additional insights into the technological aspects of an investment in AMD and INTC, I recommend an excellent article by SA&nbsp;contributor&nbsp;Keyanoush Razavidinani.</p><p><blockquote>要进一步了解AMD和INTC投资的技术方面，我推荐SA撰稿人Keyanoush Razavidinani的一篇优秀文章。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4448637-amd-intel-nvidia-best-chip-stock\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/dad74e350b9b09d45929989f896aaa9d","relate_stocks":{"NVDA":"英伟达","AMD":"美国超微公司","INTC":"英特尔"},"source_url":"https://seekingalpha.com/article/4448637-amd-intel-nvidia-best-chip-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138705612","content_text":"Summary\n\nAMD's recent CPU and GPU offerings have been more competitive with Intel and NVIDIA's products.\nAMD’s EPYC server chips have proved to be comparable or even superior to certain Intel chips and have led to AMD gaining server CPU market share.\nEven so, Intel is the leader in the processor market and holds long-term advantages over AMD in R&D, marketing, and pricing.\nNvidia is ahead of AMD in GPU technology and is leveraging its GPUs into adjacent end markets such as artificial intelligence.\n\nAndy/iStock via Getty Images\nIntel (INTC) was once the microchip industry equivalent of the Colossus of Rhodes, a monument to the power of Moore’s law. However, the firm stumbled with its 10-nanometer process, and recently announced its 7-nm process will be delayed until 2023.\nThis left the door open to Advanced Micro Devices Inc. (AMD), and that firm has taken full advantage of the opportunity. AMD has taken a large share of the CPU market and is making inroads into the once nearly impenetrable server market.\nAMD now has seven consecutive quarters of double-digit revenue growth under its belt, and it appears the firm is gaining momentum: management now guides for 60% revenue growth for the full year, up from the 50% forecast provided in the previous quarter.\nHowever, AMD also competes with NVIDIA Corporation (NVDA), and the latter company’s GPU technology is stealing market share. NVDA has also been successful in gaining access to adjacent markets with its GPUs, especially AI and automotive markets.\nThe Ins And Outs of Intel\nAn understanding of Intel also provides insights into AMD. This is due to the overlap between the two companies, particularly in regards to x86 chips. Intel developed the x86 chip in 1978. To satisfy demands by IBM that Intel would not be the sole supplier of the chips, INTC provided x86 instruction set architecture licensing to AMD.\nConsequently, Intel and AMD have a duopoly position in the PC and server markets, as nearly all computer software is written for x86 architecture. The result is that both have a wide moat related to the x86 ecosystem.\nGaming consoles in particular are based on x86 architecture due to those platforms generally providing more powerful CPUs and GPUs with multiple compute cores. Like PCs, consoles operate with games that use x86 based software. Once again, this stifles potential competition from ARM-based devices.\nUntil fairly recently, AMD was a distant second to INTC as a supplier of x86 chips. However, AMD teamed with Taiwan Semiconductor(NYSE:TSM)to use that manufacturer’s 7nm process to surpass INTC in process technology. Combined with AMD’s developing new innovative chip designs, this one-two punch resulted in INTC losing significant market share.\nAt the end of Q1, AMD held 19.30% of the x86 desktop market, a 70 basis point gain year-over-year. In Q2 AMD corralled 8% of the server market, up from a 5% market share in Q4 of 2019.\nDespite these setbacks, it seems premature to view Intel as a moribund business. INTC is one of the largest semiconductor companies in the world. The firm dominates the server market, and still holds 60% of the global x86 CPU market.\nThe company has an enormous R&D budget, and it is expanding into new markets, primarily Artificial Intelligence, Field-Programmable Gate Array chips, and automotive offerings, through its acquisitions of Habana Labs, Altera, Movidius, and Mobileye.\nInvestors should not be swayed by the claim that Intel’s new 10nm chips are inferior to 7nm solely on the basis that 7 is superior to 10. While once used to denote the technology level of a chip design, it has been misused to the point of being useless.\nHowever, there are a number of concerns that must be acknowledged. Intel lags competitors in the smartphone market. As consumers shift to mobile devices, this could result in a sustained headwind as smartphones take the place of PCs. On the other hand, it should be acknowledged that INTC’s server processor business has seen growth associated with the surge in mobile devices and cloud computing.\nIntel also faces increased competition from AMD in the data center space, as well as customers developing their own ARM-based chips for CPUs.\nAn Overview of AMD\nIn years past, INTC held the lion’s share of the x86 market. This was due in part to Intel’s leading-edge manufacturing combined with AMD’s wafer supply agreements with less than stellar GlobalFoundries.\nHowever, a seismic shift occurred due to three factors: driven by innovative designs, AMD brought competitive products to market, AMD shifted to TSMC for production, and Intel faced repeated manufacturing delays. The two charts below document the progress the company has made.\nSource:Q2 Earnings Presentation\nSource:Q2 Earnings Presentation\nLike Intel, AMD’s primary products are CPUs and GPUs. AMD’s chips are designed for PCs, game consoles, servers, and blockchain applications. And like INTC, AMD’s offerings are largely protected from competition due to the preponderance of software for PCs and servers being designed for x86 architecture.\nAMD’s strong growth has largely come at the expense of Intel as AMD has steadily chipped away at the former company’s CPU market share.\nSource:Seeking Alpha\nAMD’s focus on CPU and GPU semi-custom processor applications has resulted in their use in Microsoft Xbox and Sony PlayStation game consoles.\nIn regards to PC integrated GPUs, AMD is roughly in parity with NVIDIA while INTC dominates with roughly 68% of the market.\nSource:tom'sHARDWARE\nHowever, NVIDIA dominates the discrete GPU space with an 80% plus market share with AMD sweeping up what is left. NVIDIA’s discrete GPUs are arguably superior to AMD’s (more on that later); therefore, investors should not look for growth here.\nAlthough AMD’s EPYC server CPU products were competitive with that of rivals, initially the company relied on aggressive pricing to promote its first generation of EPYC offerings. However, the EPYC line has gained wider acceptance, and with the Milan processors, the company is gaining market share. As server CPUs provide a better profit margin than the company’s other products, expansion into that space should aid in driving revenue.\nLate last year,AMD entered intoa deal to acquire Xilinx (XLNX), a leader in field programmable gate array (FPGA) chips. FPGAs can be used for a wide variety of applications. Because shifting to a competing FPGA provider requires retraining of engineers in software and design tools, customers are loath to make a switch to a competing vendor. Consequently, if the Xilinx deal goes through, AMD will have acquired a wide moat business. Management guides for operational efficiencies of approximately $300 million within 18 months of closing the transaction.\nThe Xilinx acquisition should bolster AMD’s data center and artificial intelligence businesses.\nAMD agreed to acquire Xilinx for $35 billion in an all-stock transaction.\nA Survey of NVIDIA\nNVDA's focus on the graphics processing units market has led the company to a dominant position in the discrete GPU space. The firm is the leader in discrete GPUs for computing platforms, especially gaming consoles. The fact that Intel licensed intellectual property from NVIDIA to integrate GPUs into its PC chipset testifies to the lead the company maintains.\nThe chart below provides a record of the burgeoning ASP the company has been able to command over the last half decade, beginning with the Pascal architecture in 2016, and progressing through Turing to Ampere.\nSource:AMD Investor Presentation\nThe firm’s chips are also found in many high-end PCs, and NVDA has particular strength in the incipient AI and self-driving vehicle markets.\nGPUs are being teamed with CPUs to enhance computation workloads. This stratagem is designed to bolster the ability of AI systems to perform computationally intensive tasks. AI related to autonomous vehicles is a developing strength for NVIDIA. Another arena in which the firm is making its mark is in cloud\nAI and data centers pose the most likely avenue of growth for NVDA. To strengthen its position in both businesses, the company moved last year to acquire ARM Holdings (ARMHF) from parent company Softbank for $40 billion.\nARM is the globe’s largest licensor of chip designs. Its chips are ubiquitous and can be found in mobile phones, smart TVs, and tablet computers. 160 billion chips have been made using ARM designs.\nPerhaps of equal importance is that 13 million developers work with ARM devices. To place that in context, NVDA has 2 million developers working on its array of devices.\nUnfortunately for investors, bothChinaand theU.K.are reportedly balking at approving the deal.\nHead-To-Head Comparisons\nValuation Metrics\nThe following chart provides a variety of metrics related to each stock's valuation. All data labeled forward is analysts’ next fiscal year consensus estimate.\nSource:Seeking Alpha Premium/ chart by author\nNext, I’m using a graph to provide PEG ratios for the three companies. As there can be fairly wide variations in PEG ratios due to analysts’ inputs, I prefer that readers have access to multiple sources when I find wide variance in the ratio.\nChart by author\nNote that Seeking Alpha provides a three to five-year PEG, Schwab simply lists its metric as a PEG ratio, while Yahoo! Finance calculates a five-year ratio. This could explain some of the variance in the numbers provided.\nPerusing the first chart, it is obvious that NVDA is the most overvalued. It is also interesting to note that in the current P/E and the forward price/cash flow estimates show AMD as valued near the sector median.\nCount me as an investor that places great emphasis on a stocks PEG Ratio. Viewing the second chart, AMD has the best PEG of the three companies. I also note that analysts from each source calculated AMD’s PEG ratio as better than the sector median.\nDo not misinterpret my findings. While INTC has a lower valuation in many respects, when considering other factors, I rate AMD higher overall. In other words, it is not the cheapest valuation but the best valuation, for lack of a better means to articulate my view.\n=Advantage AMD\nAnalysts’ Price Targets\nNVIDIA shares currently trade for $202.95. The average 12-month price target of 33 analysts is $186.49. The average price target of the 17 analysts that rated the stock following the latest earnings report is $210.53, about 3.7% above the current price of the stock.\nAMD shares currently trade for $107.58. The average 12-month price target of 28 analysts is $108.56. The average price target of the 11 analysts that rated the stock following the latest earnings report is $117.27, roughly 9% above the prevailing share price.\nIntel shares currently trade for $54.05. The average 12-month price target of 34 analysts is $59.86. The average price target of the 16 analysts that rated the stock following the latest earnings report is $58.97, a 9% premium over the current share price.\nInvestors should be aware that it has been nearly three months since NVDA posted quarterly earnings while INTC and AMD reported recently.\n=Tie AMD/INTC\nGrowth Rates\nThe next chart provides data for growth rates. Unless otherwise noted, the metrics reflect analysts' average two-year forecasts.\nSource:Seeking Alpha Premium/ Chart by author\nWhile investors familiar with these three companies would expect INTC to perform poorly in relation to NVDA and AMD in regarding growth, in several cases Intel is projected to experience negative growth rates.\nAdvanced Micro Devices projected growth leads that of NVIDIA in every category, and at times by very wide margins.\n=Advantage AMD\nI considered providing a chart outlining the profitability of each company; however, suffice it to say that each is highly profitable, and that a juxtaposition of the three would result in a tie.\nI often provide a comparison that breaks down dividend metrics, but AMD does not pay a dividend, and NVDA has an anemic yield. INTC currently yields about 2.6%. The dividend is well funded.\nDebt Metrics\nNVIDIA had $12.67 billion in cash and $5.96 billion at the end of the last quarter. Should the ARM acquisition meet approval, the deal is structured so that $21 billion of the $40 billion purchase price will be in stock.\nAMD has restructured its debt resulting in reduced interest costs. AMD had about $3.8 billion in cash and $313 million in long-term debt at the end of the most recent quarter.\nIntel's has solid investment-grade credit ratings. The company held nearly $24.86 billion cash at the end of the last quarter and had $31.7 billion long-term debt.\nAll three firms have strong financial positions. Weighing the possibility that NVDA and AMD may add debt due to prospective acquisitions, I am rating the three firms as equals.\nR&D Budgets\nThis is the first time I have compared the R&D budgets of companies for a head-to-head showdown. However, in the semiconductor industry, that can be of pivotal importance.\nLast fiscal year, Intel devoted over $13.5 billion to R&D, NVDA spent nearly $2.83 billion, and AMD budgeted a bit over $1.9 billion on research and development.\nAMD is at a clear disadvantage, and that weakness is magnified because it often competes against INTC and NVDA in different arenas. It should be noted that a portion of Intel’s R&D is funneled to its foundry business. Nevertheless, it is the clear winner here, and AMD is the obvious loser.\nI should add that NVDA is chipping away at AMD’s share of the discrete GPU market, and I believe that trend will continue, in part due to the disparity in R&D budgets.\n=Advantage INTC\nBottom Line: Which Is The Best Chip Stock?\nTo arrive at an answer, much depends on whether NVIDIA can complete its acquisition of ARM.\nBecause ARM processors are more power and cost-efficient than x86 chips, NVDA could gain market share in the data center space. Since around a third of Intel’s revenue flows from data centers, that could represent a headwind for INTC and a positive for NVDA. However, there is a good chance the deal will fail to close.\nThe degree of success Intel finds as its planned foundries come online is another factor that should be weighed.\nA development to be weighed is that AMD has now reached parity with INTC in the PC market in terms of the quality of its products. Furthermore, AMD is gaining market share in the server market, and I expect that trend to continue.\nOn the other hand, AMD is losing share in the discrete GPU market to NVDA. NVDA has a technological lead in that space which will probably continue.\nWhile AMD and NVDA are seen as growth machines, one should not ignore that Intel’s Internet of Things business increased by 47% in the last quarter. Mobileye also saw a surge in growth with revenue increasing 124%. Although these businesses only totaled $1.3 billion in revenue, a fraction of Intel's total revenue of $18.5 billion, they still represent areas of high growth.\nHowever, note the header refers to “chip stock.” Consequently, technological advantages are but one part of the puzzle. Any investment decision must take current valuations and prospective growth rates into account.\nWith that in mind, I must rate NVIDIA as a HOLD due to current valuation and growth estimates. Note my rating is based on the current valuation of the stock. I acknowledge the exemplary leadership of the company and believe the long-term prospect for the stock is excellent.\nI also rate INTC as a HOLD. I previously rated the company as a buy. While I still believe the firm will serve long-term investors well, I now believe its recovery will unfold over a long time span, and better opportunities are available.\nI rate AMD as a BUY. This is based on the current valuations and growth rates outlined in this article. I’ll add that those metrics are buttressed by my perception that as Intel works on its recovery, AMD is likely to chip away at market share.\nFor additional insights into the technological aspects of an investment in AMD and INTC, I recommend an excellent article by SA contributor Keyanoush Razavidinani.","news_type":1,"symbols_score_info":{"AMD":0.9,"NVDA":0.9,"INTC":0.9}},"isVote":1,"tweetType":1,"viewCount":933,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897001518,"gmtCreate":1628861676134,"gmtModify":1633688939988,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/897001518","repostId":"1115837306","repostType":4,"isVote":1,"tweetType":1,"viewCount":868,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895040742,"gmtCreate":1628696666986,"gmtModify":1633745022707,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895040742","repostId":"1164397802","repostType":4,"repost":{"id":"1164397802","kind":"news","pubTimestamp":1628692872,"share":"https://www.laohunote.com/m/news/1164397802?lang=zh_CN&edition=full","pubTime":"2021-08-11 22:41","market":"us","language":"en","title":"WISH Stock: What You Need To Know Ahead Of Q2 Earnings<blockquote>WISH Stock：第二季度收益公布前您需要了解的信息</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1164397802","media":"Thestreet","summary":"ContextLogic stock (WISH) is one of the most discussed within the top forums on Reddit. The e-commer","content":"<p>ContextLogic stock&nbsp;(<b>WISH</b>)&nbsp;is one of the most discussed within the top forums on Reddit. The e-commerce platform probably gained popularity after a sudden share price recovery in early June.</p><p><blockquote>上下文逻辑股票（<b>希望</b>）是Reddit顶级论坛中讨论最多的论坛之一。该电子商务平台可能是在6月初股价突然回升后获得人气的。</blockquote></p><p> This Thursday, August 12, the company will report its second quarter results. Could this be a catalyst for the share price to take off once again?</p><p><blockquote>本周四，8 月 12 日，该公司将公布第二季度业绩。这会成为股价再次起飞的催化剂吗？</blockquote></p><p> <h3>Q1 earnings results recap</h3> The companybeatexpectations in the first quarter of 2021, reporting loss per share of $0.13 against consensus loss of $0.14. The company also beat revenue expectations by $29 million.</p><p><blockquote><h3>第一季度盈利结果回顾</h3>该公司 2021 年第一季度的业绩超出预期，每股亏损为 0.13 美元，而市场普遍预期亏损为 0.14 美元。该公司的收入也超出预期 2900 万美元。</blockquote></p><p> <ul>  <li>Revenues in first quarter was $772 million, a 75% increase year-over-year.</li> </ul> <ul>  <li>First quarter net loss was $128 million, compared to a loss of $66 million in Q1 2020.</li> </ul> <ul>  <li>Adjusted EBITDA loss was $79 million, -10% margin, compared to a loss of $51 million in Q1 2020.</li> </ul> <ul>  <li>Core marketplace revenue grew 40% to $477 million year-over-year, a boost from a 24% year-over-year growth in Q4 2020. See below. ProductBoost revenue grew 14% year-over-year to $50 million and Logistics revenue was $245 million, a whopping 338% higher year-over-year.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/64e82ff323a3fbca5c2bb0c347caa752\" tg-width=\"1200\" tg-height=\"850\" referrerpolicy=\"no-referrer\"><span>Figure 1: Wish segments revenue &amp; YoY growth.Wish Investor Relations</span></p><p><blockquote><ul><li>第一季度收入为7.72亿美元，同比增长75%。</li></ul><ul><li>第一季度净亏损为 1.28 亿美元，而 2020 年第一季度亏损为 6600 万美元。</li></ul><ul><li>调整后 EBITDA 亏损为 7900 万美元，利润率为 -10%，而 2020 年第一季度亏损 5100 万美元。</li></ul><ul><li>核心市场收入同比增长 40%，达到 4.77 亿美元，高于 2020 年第四季度 24% 的同比增长。见下文。ProductBoost 收入同比增长 14%，达到 5000 万美元，物流收入为 2.45 亿美元，同比增长 338%。</li></ul><p class=\"t-img-caption\"><span>图1：Wish细分市场收入和同比增长。希望投资者关系</span></p></blockquote></p><p> Founder and CEO Piotr Szulczewski said: “Wish started off 2021 strong with Q1 results that exceeded our expectations on both the top and bottom lines,”. He added that the company’s main focus is to drive continued long-term growth through efficient user acquisition, increased monetization and higher retention.</p><p><blockquote>创始人兼首席执行官 Piotr Szulczewski 说： “Wish 在 2021 年开局强劲，第一季度的业绩在营收和利润上都超出了我们的预期。他补充说，公司的主要重点是通过高效的用户获取、增加货币化和提高保留率来推动持续的长期增长。</blockquote></p><p> Lastly, the CEOsaidthat newer initiatives, including Wish Local expansion, as well as efforts to diversify product selection, were well executed according to the company’s plan.</p><p><blockquote>最后，首席执行官表示，根据公司计划，包括 Wish 本地扩张在内的新举措以及产品选择多样化的努力都得到了很好的执行。</blockquote></p><p> However, despite the strong Q1 results, WISH stock fell sharply 31% right after reporting its earnings in the next trading day. The main culprit was probably the company’s revenue guidance, whose top end of the range fell below Wall Street’s estimate.</p><p><blockquote>然而，尽管第一季度业绩强劲，WISH 股票在下一个交易日公布财报后立即大幅下跌 31%。罪魁祸首可能是该公司的收入指引，其上限低于华尔街的预期。</blockquote></p><p> <h3>Previewing Wish’s Q2 earnings</h3> Wall Street is&nbsp;expecting&nbsp;net loss per share of $0.10 in the second quarter. For reference, this number compares very favorably to the second quarter of 2020 when Wish became a publicly traded company amid the ongoing COVID-19 pandemic: net loss of $0.97 per share.</p><p><blockquote><h3>预览 Wish 第二季度收益</h3>华尔街预计第二季度每股净亏损为0.10美元。作为参考，这个数字与 2020 年第二季度相比非常有利，当时 Wish 在持续的 COVID-19 大流行期间成为一家上市公司：每股净亏损 0.97 美元。</blockquote></p><p> Consensus revenue of $722 million compares to a reported $772 million in the last quarter. Wall Street latest recommendation on the stock was cautiously bearish. Bank Of America and Evercore ISI both downgraded WISH to hold. The latter mentioned the departure of CFO Rajat Bahri as raising the risk on the company's operations.</p><p><blockquote>共识收入为 7.22 亿美元，而上一季度报告的收入为 7.72 亿美元。华尔街对该股的最新建议是谨慎看跌。美国银行和 Evercore ISI 均下调评级，希望持有。后者提到首席财务官 Rajat Bahri 的离职增加了公司运营的风险。</blockquote></p><p> For the second quarter, Wishexpectsrevenues of between $715 to $730 million, or a 2% to 4% year-over-year increase as the company had a very solid Q2 2020. In addition, an EBITDA loss of between $60 to $55 million or a loss of 8% to 7% of revenue is expected. Wish is looking at 2021 with caution, given the uncertainties behind the ongoing COVID-19 pandemic and new tax rollouts in Europe starting in July of this year.</p><p><blockquote>由于该公司 2020 年第二季度业绩非常稳健，Wishex 预计第二季度收入在 7.15 亿至 7.3 亿美元之间，同比增长 2% 至 4%。此外，预计 EBITDA 损失将在 60 万至 5500 万美元之间，或收入损失 8% 至 7%。鉴于正在进行的 COVID-19 大流行以及今年 7 月开始在欧洲推出新税背后的不确定性，Wish 对 2021 年持谨慎态度。</blockquote></p><p> To keep delivering solid results, the company believes that the opportunities are based on five core priorities: (1) Driving efficient customer acquisition, retention and monetization, (2) optimizing logistics infrastructure, (3) scaling Wish Local, (4) adding new product categories and (5) opening the platform to non-Wish merchants.</p><p><blockquote>为了保持稳健的业绩，该公司认为这些机会基于五个核心优先事项：（1）推动高效的客户获取、保留和货币化，（2）优化物流基础设施，（3）扩大Wish Local，（4）添加新的产品类别和（5）向非Wish商家开放平台。</blockquote></p><p> Wall Street Meme’s take</p><p><blockquote>华尔街迷因的看法</blockquote></p><p> As seen in thelatest earnings reported by e-commerce giants like Amazon, growth in the sector decelerated quite a bit in a post-pandemic scenario. This was due to the gradual reopening of the economy causing stay-at-home trends to slow down. Therefore, it is feasible that Wish’s revenues will not surprise this time as they did in the last quarter.</p><p><blockquote>从亚马逊等电子商务巨头公布的最新财报中可以看出，在大流行后的情况下，该行业的增长大幅放缓。这是由于经济逐步重新开放，导致留在家中的趋势放缓。因此，Wish 这次的收入不会像上一季度那样令人意外，这是可行的。</blockquote></p><p> However, on the bullish side, the company has been delivering results in line with its outlook, and it remains a promising e-commerce player. Even with the phasing out of the stay-at-home tailwinds, e-commerce is stilllikelyto flourish beyond the COVID-19 crisis.</p><p><blockquote>然而，从乐观的角度来看，该公司一直在交付符合其前景的业绩，并且它仍然是一家有前途的电子商务公司。即使宅在家里的顺风逐渐消退，电子商务仍有可能在 COVID-19 危机之后蓬勃发展。</blockquote></p><p></p>","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>WISH Stock: What You Need To Know Ahead Of Q2 Earnings<blockquote>WISH Stock：第二季度收益公布前您需要了解的信息</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nWISH Stock: What You Need To Know Ahead Of Q2 Earnings<blockquote>WISH Stock：第二季度收益公布前您需要了解的信息</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-08-11 22:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p>ContextLogic stock&nbsp;(<b>WISH</b>)&nbsp;is one of the most discussed within the top forums on Reddit. The e-commerce platform probably gained popularity after a sudden share price recovery in early June.</p><p><blockquote>上下文逻辑股票（<b>希望</b>）是Reddit顶级论坛中讨论最多的论坛之一。该电子商务平台可能是在6月初股价突然回升后获得人气的。</blockquote></p><p> This Thursday, August 12, the company will report its second quarter results. Could this be a catalyst for the share price to take off once again?</p><p><blockquote>本周四，8 月 12 日，该公司将公布第二季度业绩。这会成为股价再次起飞的催化剂吗？</blockquote></p><p> <h3>Q1 earnings results recap</h3> The companybeatexpectations in the first quarter of 2021, reporting loss per share of $0.13 against consensus loss of $0.14. The company also beat revenue expectations by $29 million.</p><p><blockquote><h3>第一季度盈利结果回顾</h3>该公司 2021 年第一季度的业绩超出预期，每股亏损为 0.13 美元，而市场普遍预期亏损为 0.14 美元。该公司的收入也超出预期 2900 万美元。</blockquote></p><p> <ul>  <li>Revenues in first quarter was $772 million, a 75% increase year-over-year.</li> </ul> <ul>  <li>First quarter net loss was $128 million, compared to a loss of $66 million in Q1 2020.</li> </ul> <ul>  <li>Adjusted EBITDA loss was $79 million, -10% margin, compared to a loss of $51 million in Q1 2020.</li> </ul> <ul>  <li>Core marketplace revenue grew 40% to $477 million year-over-year, a boost from a 24% year-over-year growth in Q4 2020. See below. ProductBoost revenue grew 14% year-over-year to $50 million and Logistics revenue was $245 million, a whopping 338% higher year-over-year.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/64e82ff323a3fbca5c2bb0c347caa752\" tg-width=\"1200\" tg-height=\"850\" referrerpolicy=\"no-referrer\"><span>Figure 1: Wish segments revenue &amp; YoY growth.Wish Investor Relations</span></p><p><blockquote><ul><li>第一季度收入为7.72亿美元，同比增长75%。</li></ul><ul><li>第一季度净亏损为 1.28 亿美元，而 2020 年第一季度亏损为 6600 万美元。</li></ul><ul><li>调整后 EBITDA 亏损为 7900 万美元，利润率为 -10%，而 2020 年第一季度亏损 5100 万美元。</li></ul><ul><li>核心市场收入同比增长 40%，达到 4.77 亿美元，高于 2020 年第四季度 24% 的同比增长。见下文。ProductBoost 收入同比增长 14%，达到 5000 万美元，物流收入为 2.45 亿美元，同比增长 338%。</li></ul><p class=\"t-img-caption\"><span>图1：Wish细分市场收入和同比增长。希望投资者关系</span></p></blockquote></p><p> Founder and CEO Piotr Szulczewski said: “Wish started off 2021 strong with Q1 results that exceeded our expectations on both the top and bottom lines,”. He added that the company’s main focus is to drive continued long-term growth through efficient user acquisition, increased monetization and higher retention.</p><p><blockquote>创始人兼首席执行官 Piotr Szulczewski 说： “Wish 在 2021 年开局强劲，第一季度的业绩在营收和利润上都超出了我们的预期。他补充说，公司的主要重点是通过高效的用户获取、增加货币化和提高保留率来推动持续的长期增长。</blockquote></p><p> Lastly, the CEOsaidthat newer initiatives, including Wish Local expansion, as well as efforts to diversify product selection, were well executed according to the company’s plan.</p><p><blockquote>最后，首席执行官表示，根据公司计划，包括 Wish 本地扩张在内的新举措以及产品选择多样化的努力都得到了很好的执行。</blockquote></p><p> However, despite the strong Q1 results, WISH stock fell sharply 31% right after reporting its earnings in the next trading day. The main culprit was probably the company’s revenue guidance, whose top end of the range fell below Wall Street’s estimate.</p><p><blockquote>然而，尽管第一季度业绩强劲，WISH 股票在下一个交易日公布财报后立即大幅下跌 31%。罪魁祸首可能是该公司的收入指引，其上限低于华尔街的预期。</blockquote></p><p> <h3>Previewing Wish’s Q2 earnings</h3> Wall Street is&nbsp;expecting&nbsp;net loss per share of $0.10 in the second quarter. For reference, this number compares very favorably to the second quarter of 2020 when Wish became a publicly traded company amid the ongoing COVID-19 pandemic: net loss of $0.97 per share.</p><p><blockquote><h3>预览 Wish 第二季度收益</h3>华尔街预计第二季度每股净亏损为0.10美元。作为参考，这个数字与 2020 年第二季度相比非常有利，当时 Wish 在持续的 COVID-19 大流行期间成为一家上市公司：每股净亏损 0.97 美元。</blockquote></p><p> Consensus revenue of $722 million compares to a reported $772 million in the last quarter. Wall Street latest recommendation on the stock was cautiously bearish. Bank Of America and Evercore ISI both downgraded WISH to hold. The latter mentioned the departure of CFO Rajat Bahri as raising the risk on the company's operations.</p><p><blockquote>共识收入为 7.22 亿美元，而上一季度报告的收入为 7.72 亿美元。华尔街对该股的最新建议是谨慎看跌。美国银行和 Evercore ISI 均下调评级，希望持有。后者提到首席财务官 Rajat Bahri 的离职增加了公司运营的风险。</blockquote></p><p> For the second quarter, Wishexpectsrevenues of between $715 to $730 million, or a 2% to 4% year-over-year increase as the company had a very solid Q2 2020. In addition, an EBITDA loss of between $60 to $55 million or a loss of 8% to 7% of revenue is expected. Wish is looking at 2021 with caution, given the uncertainties behind the ongoing COVID-19 pandemic and new tax rollouts in Europe starting in July of this year.</p><p><blockquote>由于该公司 2020 年第二季度业绩非常稳健，Wishex 预计第二季度收入在 7.15 亿至 7.3 亿美元之间，同比增长 2% 至 4%。此外，预计 EBITDA 损失将在 60 万至 5500 万美元之间，或收入损失 8% 至 7%。鉴于正在进行的 COVID-19 大流行以及今年 7 月开始在欧洲推出新税背后的不确定性，Wish 对 2021 年持谨慎态度。</blockquote></p><p> To keep delivering solid results, the company believes that the opportunities are based on five core priorities: (1) Driving efficient customer acquisition, retention and monetization, (2) optimizing logistics infrastructure, (3) scaling Wish Local, (4) adding new product categories and (5) opening the platform to non-Wish merchants.</p><p><blockquote>为了保持稳健的业绩，该公司认为这些机会基于五个核心优先事项：（1）推动高效的客户获取、保留和货币化，（2）优化物流基础设施，（3）扩大Wish Local，（4）添加新的产品类别和（5）向非Wish商家开放平台。</blockquote></p><p> Wall Street Meme’s take</p><p><blockquote>华尔街迷因的看法</blockquote></p><p> As seen in thelatest earnings reported by e-commerce giants like Amazon, growth in the sector decelerated quite a bit in a post-pandemic scenario. This was due to the gradual reopening of the economy causing stay-at-home trends to slow down. Therefore, it is feasible that Wish’s revenues will not surprise this time as they did in the last quarter.</p><p><blockquote>从亚马逊等电子商务巨头公布的最新财报中可以看出，在大流行后的情况下，该行业的增长大幅放缓。这是由于经济逐步重新开放，导致留在家中的趋势放缓。因此，Wish 这次的收入不会像上一季度那样令人意外，这是可行的。</blockquote></p><p> However, on the bullish side, the company has been delivering results in line with its outlook, and it remains a promising e-commerce player. Even with the phasing out of the stay-at-home tailwinds, e-commerce is stilllikelyto flourish beyond the COVID-19 crisis.</p><p><blockquote>然而，从乐观的角度来看，该公司一直在交付符合其前景的业绩，并且它仍然是一家有前途的电子商务公司。即使宅在家里的顺风逐渐消退，电子商务仍有可能在 COVID-19 危机之后蓬勃发展。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/memestocks/other-memes/wish-stock-what-you-need-to-know-ahead-of-q2-earnings\">Thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/memestocks/other-memes/wish-stock-what-you-need-to-know-ahead-of-q2-earnings","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164397802","content_text":"ContextLogic stock (WISH) is one of the most discussed within the top forums on Reddit. The e-commerce platform probably gained popularity after a sudden share price recovery in early June.\nThis Thursday, August 12, the company will report its second quarter results. Could this be a catalyst for the share price to take off once again?\nQ1 earnings results recap\nThe companybeatexpectations in the first quarter of 2021, reporting loss per share of $0.13 against consensus loss of $0.14. The company also beat revenue expectations by $29 million.\n\nRevenues in first quarter was $772 million, a 75% increase year-over-year.\n\n\nFirst quarter net loss was $128 million, compared to a loss of $66 million in Q1 2020.\n\n\nAdjusted EBITDA loss was $79 million, -10% margin, compared to a loss of $51 million in Q1 2020.\n\n\nCore marketplace revenue grew 40% to $477 million year-over-year, a boost from a 24% year-over-year growth in Q4 2020. See below. ProductBoost revenue grew 14% year-over-year to $50 million and Logistics revenue was $245 million, a whopping 338% higher year-over-year.\n\nFigure 1: Wish segments revenue & YoY growth.Wish Investor Relations\nFounder and CEO Piotr Szulczewski said: “Wish started off 2021 strong with Q1 results that exceeded our expectations on both the top and bottom lines,”. He added that the company’s main focus is to drive continued long-term growth through efficient user acquisition, increased monetization and higher retention.\nLastly, the CEOsaidthat newer initiatives, including Wish Local expansion, as well as efforts to diversify product selection, were well executed according to the company’s plan.\nHowever, despite the strong Q1 results, WISH stock fell sharply 31% right after reporting its earnings in the next trading day. The main culprit was probably the company’s revenue guidance, whose top end of the range fell below Wall Street’s estimate.\nPreviewing Wish’s Q2 earnings\nWall Street is expecting net loss per share of $0.10 in the second quarter. For reference, this number compares very favorably to the second quarter of 2020 when Wish became a publicly traded company amid the ongoing COVID-19 pandemic: net loss of $0.97 per share.\nConsensus revenue of $722 million compares to a reported $772 million in the last quarter. Wall Street latest recommendation on the stock was cautiously bearish. Bank Of America and Evercore ISI both downgraded WISH to hold. The latter mentioned the departure of CFO Rajat Bahri as raising the risk on the company's operations.\nFor the second quarter, Wishexpectsrevenues of between $715 to $730 million, or a 2% to 4% year-over-year increase as the company had a very solid Q2 2020. In addition, an EBITDA loss of between $60 to $55 million or a loss of 8% to 7% of revenue is expected. Wish is looking at 2021 with caution, given the uncertainties behind the ongoing COVID-19 pandemic and new tax rollouts in Europe starting in July of this year.\nTo keep delivering solid results, the company believes that the opportunities are based on five core priorities: (1) Driving efficient customer acquisition, retention and monetization, (2) optimizing logistics infrastructure, (3) scaling Wish Local, (4) adding new product categories and (5) opening the platform to non-Wish merchants.\nWall Street Meme’s take\nAs seen in thelatest earnings reported by e-commerce giants like Amazon, growth in the sector decelerated quite a bit in a post-pandemic scenario. This was due to the gradual reopening of the economy causing stay-at-home trends to slow down. Therefore, it is feasible that Wish’s revenues will not surprise this time as they did in the last quarter.\nHowever, on the bullish side, the company has been delivering results in line with its outlook, and it remains a promising e-commerce player. Even with the phasing out of the stay-at-home tailwinds, e-commerce is stilllikelyto flourish beyond the COVID-19 crisis.","news_type":1,"symbols_score_info":{"WISH":0.9}},"isVote":1,"tweetType":1,"viewCount":673,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895040065,"gmtCreate":1628696615857,"gmtModify":1633745023153,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895040065","repostId":"1141858457","repostType":4,"repost":{"id":"1141858457","kind":"news","pubTimestamp":1628693066,"share":"https://www.laohunote.com/m/news/1141858457?lang=zh_CN&edition=full","pubTime":"2021-08-11 22:44","market":"us","language":"en","title":"Disney Cancels Planned Scarlett Johansson Feature 'Tower Of Terror' In Wake Of Salary Dispute Lawsuit: Report<blockquote>薪资纠纷诉讼后，迪士尼取消了计划中的斯嘉丽·约翰逊电影《恐怖塔》：报告</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1141858457","media":"Benzinga","summary":"The feud between Walt Disney Co and “Black Widow” star Scarlett Johansson has taken a new twist with","content":"<p><div> The feud between Walt Disney Co and “Black Widow” star Scarlett Johansson has taken a new twist with the studio reportedly canceling planned projects it previously announced with the two-time Oscar-...</p><p><blockquote><div>华特-迪士尼公司（Walt Disney Co.）与《黑寡妇》（Black Widow）主演斯嘉丽-约翰逊（Scarlett Johansson）之间的恩怨有了新的转折，据报道，迪士尼公司取消了之前宣布的与两届奥斯卡奖得主斯嘉丽-约翰逊（Scarlett Johansson）合作的计划项目。</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/08/22445294/disney-cancels-planned-scarlett-johansson-feature-tower-of-terror-in-wake-of-salary-dispute-lawsuit\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/08/22445294/disney-cancels-planned-scarlett-johansson-feature-tower-of-terror-in-wake-of-salary-dispute-lawsuit\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>Disney Cancels Planned Scarlett Johansson Feature 'Tower Of Terror' In Wake Of Salary Dispute Lawsuit: Report<blockquote>薪资纠纷诉讼后，迪士尼取消了计划中的斯嘉丽·约翰逊电影《恐怖塔》：报告</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nDisney Cancels Planned Scarlett Johansson Feature 'Tower Of Terror' In Wake Of Salary Dispute Lawsuit: Report<blockquote>薪资纠纷诉讼后，迪士尼取消了计划中的斯嘉丽·约翰逊电影《恐怖塔》：报告</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-08-11 22:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> The feud between Walt Disney Co and “Black Widow” star Scarlett Johansson has taken a new twist with the studio reportedly canceling planned projects it previously announced with the two-time Oscar-...</p><p><blockquote><div>华特-迪士尼公司（Walt Disney Co.）与《黑寡妇》（Black Widow）主演斯嘉丽-约翰逊（Scarlett Johansson）之间的恩怨有了新的转折，据报道，迪士尼公司取消了之前宣布的与两届奥斯卡奖得主斯嘉丽-约翰逊（Scarlett Johansson）合作的计划项目。</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/08/22445294/disney-cancels-planned-scarlett-johansson-feature-tower-of-terror-in-wake-of-salary-dispute-lawsuit\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/08/22445294/disney-cancels-planned-scarlett-johansson-feature-tower-of-terror-in-wake-of-salary-dispute-lawsuit\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/08/22445294/disney-cancels-planned-scarlett-johansson-feature-tower-of-terror-in-wake-of-salary-dispute-lawsuit\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://www.benzinga.com/news/21/08/22445294/disney-cancels-planned-scarlett-johansson-feature-tower-of-terror-in-wake-of-salary-dispute-lawsuit","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141858457","content_text":"The feud between Walt Disney Co and “Black Widow” star Scarlett Johansson has taken a new twist with the studio reportedly canceling planned projects it previously announced with the two-time Oscar-nominated actress.\nWhat Happened:According to a report on the entertainment siteGiantFreakinRobot.combased on information from “one of our trusted and proven inside sources,” Disney has dropped the “Tower of Terror” project that Johansson was scheduled to star in and produce through her These Pictures company.\n“Tower of Terror” is based on the popular Disney theme park ride.Colliderfirst reported the project had the greenlight in June, with “Toy Story 4” director Josh Cooley at work on a screenplay. The ride inspired a 1997 made-for-television Disney film with Steve Guttenbergand the studio has trying to develop a theatrical feature since 2015.\nWhat Else Happened:Besides giving “Tower of Terror” the kibosh, the studio is also closing the door on any potential future projects with Johansson, whosued Disneyover breach of contract in connection with having her “Black Widow” salary linked to the film’s theatrical release. The studio gave the film a simultaneous theatrical and streaming release, which Johansson said violated her contract and ensured she would be receiving less money for her performance.\nJohansson’s only other 2021 film role will be a voice performance in the animated film “Sing 2” from Comcast Corporation’s Universal Pictures, which is scheduled for a December release. She is in pre-production as star and producer on the science-fiction drama “Bride,” which will be released by A24 and Apple Inc. .\nIn early 2020, Johansson and Chris Evans were cited in multiple entertainment media sources as being in talks to star in a remake of the musical “Little Shop of Horrors” for the AT&T subsidiary Warner Bros. However, Evans told an interviewer in March the project has been put on indefinite hold because the projected film budget became too large.","news_type":1,"symbols_score_info":{"DIS":0.9}},"isVote":1,"tweetType":1,"viewCount":988,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896881222,"gmtCreate":1628569057966,"gmtModify":1633746074605,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/896881222","repostId":"1181756731","repostType":4,"isVote":1,"tweetType":1,"viewCount":897,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899772481,"gmtCreate":1628217984343,"gmtModify":1633752492914,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/899772481","repostId":"2157456017","repostType":4,"isVote":1,"tweetType":1,"viewCount":831,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899632328,"gmtCreate":1628177116164,"gmtModify":1633752876641,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899632328","repostId":"1173170520","repostType":4,"isVote":1,"tweetType":1,"viewCount":829,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":105113346,"gmtCreate":1620277003785,"gmtModify":1634206425283,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/105113346","repostId":"1148728757","repostType":4,"repost":{"id":"1148728757","kind":"news","pubTimestamp":1620268460,"share":"https://www.laohunote.com/m/news/1148728757?lang=zh_CN&edition=full","pubTime":"2021-05-06 10:34","market":"us","language":"en","title":"3 Companies That Will Directly Benefit From an EV Boom<blockquote>3 家公司将直接受益于电动汽车热潮</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148728757","media":"The motley fool","summary":"As electric vehicle (EV) sales rise around the world, there will be a number of industries that dire","content":"<p>As electric vehicle (EV) sales rise around the world, there will be a number of industries that directly benefit from the change in energy consumption. Electricity consumption could rise, millions of EV chargers will be needed, and there will be a huge demand for raw materials.</p><p><blockquote>随着全球电动汽车（EV）销量的增长，许多行业将直接受益于能源消耗的变化。电力消耗可能会上升，将需要数百万个电动汽车充电器，并且对原材料的需求巨大。</blockquote></p><p> These businesses adjacent to EV manufacturing have become appealing becauseEV stockstrade for incredibly high price-to-sales multiples, or multi-billion dollar valuations for pre-revenue companies. And if you're looking for stocks that will directly benefit from EV growth, we think<b>SunPower</b>(NASDAQ:SPWR),<b>ChargePoint Holdings</b>(NYSE:CHPT), and<b>NextEra Energy</b>(NYSE:NEE)will be some of the biggest beneficiaries.</p><p><blockquote>这些与电动汽车制造相邻的业务变得有吸引力，因为电动汽车股票的市销率极高，或者收入前公司的数十亿美元估值。如果您正在寻找将直接受益于电动汽车增长的股票，我们认为<b>太阳能</b>（纳斯达克股票代码：SPWR）<b>ChargePoint控股</b>（纽约证券交易所代码：CHPT），以及<b>NextEra能源</b>（纽约证券交易所代码：NEE）将成为最大的受益者之一。</blockquote></p><p> The complete energy solution</p><p><blockquote>完整的能源解决方案</blockquote></p><p> <b>Travis Hoium(SunPower):</b>Rooftop solar and electric vehicles aren't directly related, but they serve a similar customer base, and it's well known that EV owners are far more likely to have rooftop solar than the general population and vice versa. What SunPower is doing is trying to leverage its position in the energy industry to become a full energy services company, including charging of electric vehicles.</p><p><blockquote><b>特拉维斯·霍伊姆（阳光电力）：</b>屋顶太阳能和电动汽车没有直接关系，但它们服务于相似的客户群，众所周知，电动汽车车主比普通人群更有可能拥有屋顶太阳能，反之亦然。SunPower正在做的是试图利用其在能源行业的地位，成为一家全面的能源服务公司，包括电动汽车充电。</blockquote></p><p> SunPower's strategy starts with rooftop solar panels, but the addition of energy storage to the home energy system is really the key. Storage allows SunPower to control when a home or electric vehicle is pulling power from the grid, when power is coming from solar panels, and when energy is stored or discharged. This will allow a homeowner to choose to \"fuel\" their EV with only homemade solar electricity or even use the EV as an additional battery pack for backup power.</p><p><blockquote>SunPower的战略从屋顶太阳能电池板开始，但在家庭能源系统中增加储能才是真正的关键。存储允许SunPower控制家庭或电动汽车何时从电网获取电力，何时电力来自太阳能电池板，以及何时储存或释放能量。这将允许房主选择仅使用自制太阳能电力“燃料”他们的电动汽车，甚至将电动汽车用作备用电源的附加电池组。</blockquote></p><p> Based on historic trends, if EV sales grow at the rate manufacturers and industry observers expect, we would expect to see asharp rise in rooftop solarbeing installed as well. That will be a big tailwind for SunPower, and with the company moving into energy storage and complete smart home power solutions, this could be a growth stock for years to come.</p><p><blockquote>根据历史趋势，如果电动汽车销量以制造商和行业观察家预期的速度增长，我们预计屋顶太阳能安装量也会大幅增加。这将是 SunPower 的一大推动力，随着该公司进军储能和完整的智能家居电力解决方案，这可能是未来几年的增长股。</blockquote></p><p> In need of infrastructure</p><p><blockquote>需要基础设施</blockquote></p><p> Howard Smith<b>(ChargePoint Holdings):</b>There will be winners and losers among the growing number of electric vehicle manufacturers. Regardless of which vehicle supplier prospers from an EV boom, though, significantly more charging infrastructure will be needed. ChargePoint has a comprehensive network of offerings that includes more than 2,000 publicly available fast-charging stations. Also, with over 70% market share, it is the North American leader in Level 2 charging networks, which use 240-volt power. It expects sales of its charging ports to grow by seven times through 2026, as it expands in both the U.S. and Europe.</p><p><blockquote>霍华德·史密斯<b>（ChargePoint控股）：</b>在越来越多的电动汽车制造商中，会有赢家和输家。不过，无论哪家汽车供应商从电动汽车热潮中获利，都需要更多的充电基础设施。ChargePoint 拥有全面的产品网络，包括 2,000 多个公开的快速充电站。此外，它拥有超过70%的市场份额，是北美使用240伏电力的2级充电网络的领导者。随着在美国和欧洲的扩张，该公司预计到 2026 年，其充电端口的销售额将增长七倍。</blockquote></p><p> Though the company came public through a special purpose acquisition company (SPAC), it's not a pre-revenue start-up. It reported sales of $146 million in its fiscal 2021, which ended Jan. 31. ChargePoint said it expects that to increase by 37% to $200 million at the midpoint of its fiscal 2022 guidance.</p><p><blockquote>尽管该公司是通过特殊目的收购公司（SPAC）上市的，但它并不是一家收入前的初创公司。该公司报告称，截至 1 月 31 日的 2021 财年销售额为 1.46 亿美元。ChargePoint 表示，预计到 2022 财年指引的中点，这一数字将增长 37%，达到 2 亿美元。</blockquote></p><p> That level of revenue still values the company at a very lofty 30 times sales. But it also gives management some credibility as it matches what the company presented prior to trading publicly. If those previous revenue estimates hold for calendar year 2022, the valuation drops to 18 on aprice-to-salesbasis.</p><p><blockquote>这一收入水平仍然使公司的估值达到销售额的 30 倍。但它也给了管理层一些可信度，因为它与公司在公开交易之前所展示的内容相匹配。如果之前对 2022 日历年的收入预测成立，则按售价计算，估值将降至 18。</blockquote></p><p> With a suite of products that caters to the needs of EV fleet owners, parking operators, and consumers, as well as corporations and municipalities, an EV boom gives ChargePoint the ability to accelerate growth to justify its valuation looking ahead several years. Growth in the sector looks imminent. Major automakers have set goals and timelines for becoming virtually all-electric. An added catalyst in the U.S. could come from infrastructure spending that President Biden has proposed to help install 500,000 new charging stations.</p><p><blockquote>凭借一套满足电动汽车车队所有者、停车运营商和消费者以及企业和市政当局需求的产品，电动汽车的繁荣使 ChargePoint 有能力加速增长，以证明其未来几年的估值是合理的。该行业的增长看起来迫在眉睫。主要汽车制造商已经设定了实现几乎全电动的目标和时间表。美国的另一个催化剂可能来自基础设施支出，拜登总统提议帮助安装 50 万个新充电站。</blockquote></p><p> The need for much more EV charging infrastructure is clearly coming, and ChargePoint is in a prime position to supply it. Investors just need to be patient and only allocate money that belongs in the high-risk portion of a portfolio.</p><p><blockquote>对更多电动汽车充电基础设施的需求显然即将到来，而 ChargePoint 在提供这些基础设施方面处于有利地位。投资者只需要耐心等待，只分配属于投资组合高风险部分的资金。</blockquote></p><p> Leading the next-generation energy grid</p><p><blockquote>引领下一代能源电网</blockquote></p><p> <b>Daniel Foelber&nbsp;(NextEra Energy):</b>As North America's largest producer of wind and solar energy, NextEra is ready to support the EV boom bysupplying the grid with clean energy. The environmental impact of widespread EV adoption paired with a nationwide charging network is reduced if the majority of electricity is derived from fossil fuels. This is where utilities can make a difference.</p><p><blockquote><b>Daniel Foelber（NextEra Energy）：</b>作为北美最大的风能和太阳能生产商，NextEra 已准备好通过向电网提供清洁能源来支持电动汽车的繁荣。如果大部分电力来自化石燃料，那么广泛采用电动汽车加上全国充电网络对环境的影响就会减少。这就是公用事业可以发挥作用的地方。</blockquote></p><p> NextEra is certainly not the only utility that is investing in renewables, but it has arguably beenthe most aggressive. The company's renewable division, NextEra Energy Resources (NEER), finished 2020 with around 23.9 gigawatts (GW) of generation capacity. In its first-quarter conference call, NextEra reported that NEER now has a backlog of 15.25 GW, meaning plenty of new projects are in the works.</p><p><blockquote>NextEra 当然不是唯一一家投资可再生能源的公用事业公司，但它可以说是最积极的。该公司的可再生能源部门 NextEra Energy Resources (NEER) 到 2020 年的发电能力约为 23.9 吉瓦 (GW)。NextEra 在第一季度电话会议中报告称，NEER 目前积压了 15.25 GW，这意味着大量新项目正在进行中。</blockquote></p><p></p><p> NextEra has grown to become the largest U.S.-based utility by market cap. The secret sauce? An ability to harness its existing leading position in Florida -- through Florida Power and Light -- along with debt to fund new capacity. Although around 70% of FPL's power comes from natural gas, it has 2.64 GW of solar projects and expects to add 3.8 GW over the next four years. It also added 70 new EV charging ports in the first quarter of 2021, bringing its total to 400. It plans to install 600 more charging ports by 2022.</p><p><blockquote>NextEra 已发展成为美国市值最大的公用事业公司。秘制酱？能够利用其在佛罗里达州现有的领先地位（通过佛罗里达州电力和照明）以及债务来为新产能提供资金。尽管FPL约70%的电力来自天然气，但它拥有2.64吉瓦的太阳能项目，预计未来四年将增加3.8吉瓦。它还在2021年第一季度新增了70个电动汽车充电端口，使总数达到400个。它计划到2022年再安装600个充电端口。</blockquote></p><p> The company's growth rate is impressive, but it has come at a hefty price. The past few years have seen stagnating revenue and net income -- along with a sharp rise in capital expenditures -- which has led to massive cash outflows on the investing side.<img src=\"https://static.tigerbbs.com/6dec6b5cbc37e8128029fbf46b4251cd\" tg-width=\"720\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p><blockquote>该公司的增长率令人印象深刻，但代价高昂。过去几年，收入和净利润停滞不前，资本支出急剧增加，导致投资方面出现大量现金流出。</blockquote></p><p> NEE REVENUE (ANNUAL)DATA BYYCHARTS</p><p><blockquote>NEE 收入（年度）数据 by YCharts</blockquote></p><p> Investors have welcomed this strategy, as NextEra outperformed the<b>S&amp;P 500</b>and the utility sector over the past three, five, and 10-year periods. Given the spending patterns of its competitors, NextEra is showing no signs of losing its lead over its peers. Many renewable operators haveprojects in the works, but none combine<i>both</i>the existing and planned capacity of NextEra Energy.</p><p><blockquote>投资者对这一策略表示欢迎，因为 NextEra 的表现优于<b>标普500</b>以及过去三年、五年和十年期间的公用事业行业。考虑到竞争对手的支出模式，NextEra 没有表现出失去对同行领先地位的迹象。许多可再生能源运营商都有项目正在进行中，但没有一个合并<i>两个</i>NextEra Energy 的现有和规划产能。</blockquote></p><p> Ride the EV tailwinds</p><p><blockquote>乘着电动汽车的顺风</blockquote></p><p> Growth in electric vehicle sales could change a lot of the energy industry, and investors will want to make sure they're riding the tailwinds of the EV trend, not fighting them. These three stocks should do well as EV sales grow, and that's why they're top picks for us today.</p><p><blockquote>电动汽车销售的增长可能会很大程度上改变能源行业，投资者希望确保他们乘着电动汽车趋势的顺风，而不是与之对抗。随着电动汽车销量的增长，这三只股票应该会表现良好，这就是为什么它们是我们今天的首选。</blockquote></p><p></p>","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>3 Companies That Will Directly Benefit From an EV Boom<blockquote>3 家公司将直接受益于电动汽车热潮</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\n3 Companies That Will Directly Benefit From an EV Boom<blockquote>3 家公司将直接受益于电动汽车热潮</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The motley fool</strong><span class=\"h-time small\">2021-05-06 10:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As electric vehicle (EV) sales rise around the world, there will be a number of industries that directly benefit from the change in energy consumption. Electricity consumption could rise, millions of EV chargers will be needed, and there will be a huge demand for raw materials.</p><p><blockquote>随着全球电动汽车（EV）销量的增长，许多行业将直接受益于能源消耗的变化。电力消耗可能会上升，将需要数百万个电动汽车充电器，并且对原材料的需求巨大。</blockquote></p><p> These businesses adjacent to EV manufacturing have become appealing becauseEV stockstrade for incredibly high price-to-sales multiples, or multi-billion dollar valuations for pre-revenue companies. And if you're looking for stocks that will directly benefit from EV growth, we think<b>SunPower</b>(NASDAQ:SPWR),<b>ChargePoint Holdings</b>(NYSE:CHPT), and<b>NextEra Energy</b>(NYSE:NEE)will be some of the biggest beneficiaries.</p><p><blockquote>这些与电动汽车制造相邻的业务变得有吸引力，因为电动汽车股票的市销率极高，或者收入前公司的数十亿美元估值。如果您正在寻找将直接受益于电动汽车增长的股票，我们认为<b>太阳能</b>（纳斯达克股票代码：SPWR）<b>ChargePoint控股</b>（纽约证券交易所代码：CHPT），以及<b>NextEra能源</b>（纽约证券交易所代码：NEE）将成为最大的受益者之一。</blockquote></p><p> The complete energy solution</p><p><blockquote>完整的能源解决方案</blockquote></p><p> <b>Travis Hoium(SunPower):</b>Rooftop solar and electric vehicles aren't directly related, but they serve a similar customer base, and it's well known that EV owners are far more likely to have rooftop solar than the general population and vice versa. What SunPower is doing is trying to leverage its position in the energy industry to become a full energy services company, including charging of electric vehicles.</p><p><blockquote><b>特拉维斯·霍伊姆（阳光电力）：</b>屋顶太阳能和电动汽车没有直接关系，但它们服务于相似的客户群，众所周知，电动汽车车主比普通人群更有可能拥有屋顶太阳能，反之亦然。SunPower正在做的是试图利用其在能源行业的地位，成为一家全面的能源服务公司，包括电动汽车充电。</blockquote></p><p> SunPower's strategy starts with rooftop solar panels, but the addition of energy storage to the home energy system is really the key. Storage allows SunPower to control when a home or electric vehicle is pulling power from the grid, when power is coming from solar panels, and when energy is stored or discharged. This will allow a homeowner to choose to \"fuel\" their EV with only homemade solar electricity or even use the EV as an additional battery pack for backup power.</p><p><blockquote>SunPower的战略从屋顶太阳能电池板开始，但在家庭能源系统中增加储能才是真正的关键。存储允许SunPower控制家庭或电动汽车何时从电网获取电力，何时电力来自太阳能电池板，以及何时储存或释放能量。这将允许房主选择仅使用自制太阳能电力“燃料”他们的电动汽车，甚至将电动汽车用作备用电源的附加电池组。</blockquote></p><p> Based on historic trends, if EV sales grow at the rate manufacturers and industry observers expect, we would expect to see asharp rise in rooftop solarbeing installed as well. That will be a big tailwind for SunPower, and with the company moving into energy storage and complete smart home power solutions, this could be a growth stock for years to come.</p><p><blockquote>根据历史趋势，如果电动汽车销量以制造商和行业观察家预期的速度增长，我们预计屋顶太阳能安装量也会大幅增加。这将是 SunPower 的一大推动力，随着该公司进军储能和完整的智能家居电力解决方案，这可能是未来几年的增长股。</blockquote></p><p> In need of infrastructure</p><p><blockquote>需要基础设施</blockquote></p><p> Howard Smith<b>(ChargePoint Holdings):</b>There will be winners and losers among the growing number of electric vehicle manufacturers. Regardless of which vehicle supplier prospers from an EV boom, though, significantly more charging infrastructure will be needed. ChargePoint has a comprehensive network of offerings that includes more than 2,000 publicly available fast-charging stations. Also, with over 70% market share, it is the North American leader in Level 2 charging networks, which use 240-volt power. It expects sales of its charging ports to grow by seven times through 2026, as it expands in both the U.S. and Europe.</p><p><blockquote>霍华德·史密斯<b>（ChargePoint控股）：</b>在越来越多的电动汽车制造商中，会有赢家和输家。不过，无论哪家汽车供应商从电动汽车热潮中获利，都需要更多的充电基础设施。ChargePoint 拥有全面的产品网络，包括 2,000 多个公开的快速充电站。此外，它拥有超过70%的市场份额，是北美使用240伏电力的2级充电网络的领导者。随着在美国和欧洲的扩张，该公司预计到 2026 年，其充电端口的销售额将增长七倍。</blockquote></p><p> Though the company came public through a special purpose acquisition company (SPAC), it's not a pre-revenue start-up. It reported sales of $146 million in its fiscal 2021, which ended Jan. 31. ChargePoint said it expects that to increase by 37% to $200 million at the midpoint of its fiscal 2022 guidance.</p><p><blockquote>尽管该公司是通过特殊目的收购公司（SPAC）上市的，但它并不是一家收入前的初创公司。该公司报告称，截至 1 月 31 日的 2021 财年销售额为 1.46 亿美元。ChargePoint 表示，预计到 2022 财年指引的中点，这一数字将增长 37%，达到 2 亿美元。</blockquote></p><p> That level of revenue still values the company at a very lofty 30 times sales. But it also gives management some credibility as it matches what the company presented prior to trading publicly. If those previous revenue estimates hold for calendar year 2022, the valuation drops to 18 on aprice-to-salesbasis.</p><p><blockquote>这一收入水平仍然使公司的估值达到销售额的 30 倍。但它也给了管理层一些可信度，因为它与公司在公开交易之前所展示的内容相匹配。如果之前对 2022 日历年的收入预测成立，则按售价计算，估值将降至 18。</blockquote></p><p> With a suite of products that caters to the needs of EV fleet owners, parking operators, and consumers, as well as corporations and municipalities, an EV boom gives ChargePoint the ability to accelerate growth to justify its valuation looking ahead several years. Growth in the sector looks imminent. Major automakers have set goals and timelines for becoming virtually all-electric. An added catalyst in the U.S. could come from infrastructure spending that President Biden has proposed to help install 500,000 new charging stations.</p><p><blockquote>凭借一套满足电动汽车车队所有者、停车运营商和消费者以及企业和市政当局需求的产品，电动汽车的繁荣使 ChargePoint 有能力加速增长，以证明其未来几年的估值是合理的。该行业的增长看起来迫在眉睫。主要汽车制造商已经设定了实现几乎全电动的目标和时间表。美国的另一个催化剂可能来自基础设施支出，拜登总统提议帮助安装 50 万个新充电站。</blockquote></p><p> The need for much more EV charging infrastructure is clearly coming, and ChargePoint is in a prime position to supply it. Investors just need to be patient and only allocate money that belongs in the high-risk portion of a portfolio.</p><p><blockquote>对更多电动汽车充电基础设施的需求显然即将到来，而 ChargePoint 在提供这些基础设施方面处于有利地位。投资者只需要耐心等待，只分配属于投资组合高风险部分的资金。</blockquote></p><p> Leading the next-generation energy grid</p><p><blockquote>引领下一代能源电网</blockquote></p><p> <b>Daniel Foelber&nbsp;(NextEra Energy):</b>As North America's largest producer of wind and solar energy, NextEra is ready to support the EV boom bysupplying the grid with clean energy. The environmental impact of widespread EV adoption paired with a nationwide charging network is reduced if the majority of electricity is derived from fossil fuels. This is where utilities can make a difference.</p><p><blockquote><b>Daniel Foelber（NextEra Energy）：</b>作为北美最大的风能和太阳能生产商，NextEra 已准备好通过向电网提供清洁能源来支持电动汽车的繁荣。如果大部分电力来自化石燃料，那么广泛采用电动汽车加上全国充电网络对环境的影响就会减少。这就是公用事业可以发挥作用的地方。</blockquote></p><p> NextEra is certainly not the only utility that is investing in renewables, but it has arguably beenthe most aggressive. The company's renewable division, NextEra Energy Resources (NEER), finished 2020 with around 23.9 gigawatts (GW) of generation capacity. In its first-quarter conference call, NextEra reported that NEER now has a backlog of 15.25 GW, meaning plenty of new projects are in the works.</p><p><blockquote>NextEra 当然不是唯一一家投资可再生能源的公用事业公司，但它可以说是最积极的。该公司的可再生能源部门 NextEra Energy Resources (NEER) 到 2020 年的发电能力约为 23.9 吉瓦 (GW)。NextEra 在第一季度电话会议中报告称，NEER 目前积压了 15.25 GW，这意味着大量新项目正在进行中。</blockquote></p><p></p><p> NextEra has grown to become the largest U.S.-based utility by market cap. The secret sauce? An ability to harness its existing leading position in Florida -- through Florida Power and Light -- along with debt to fund new capacity. Although around 70% of FPL's power comes from natural gas, it has 2.64 GW of solar projects and expects to add 3.8 GW over the next four years. It also added 70 new EV charging ports in the first quarter of 2021, bringing its total to 400. It plans to install 600 more charging ports by 2022.</p><p><blockquote>NextEra 已发展成为美国市值最大的公用事业公司。秘制酱？能够利用其在佛罗里达州现有的领先地位（通过佛罗里达州电力和照明）以及债务来为新产能提供资金。尽管FPL约70%的电力来自天然气，但它拥有2.64吉瓦的太阳能项目，预计未来四年将增加3.8吉瓦。它还在2021年第一季度新增了70个电动汽车充电端口，使总数达到400个。它计划到2022年再安装600个充电端口。</blockquote></p><p> The company's growth rate is impressive, but it has come at a hefty price. The past few years have seen stagnating revenue and net income -- along with a sharp rise in capital expenditures -- which has led to massive cash outflows on the investing side.<img src=\"https://static.tigerbbs.com/6dec6b5cbc37e8128029fbf46b4251cd\" tg-width=\"720\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p><blockquote>该公司的增长率令人印象深刻，但代价高昂。过去几年，收入和净利润停滞不前，资本支出急剧增加，导致投资方面出现大量现金流出。</blockquote></p><p> NEE REVENUE (ANNUAL)DATA BYYCHARTS</p><p><blockquote>NEE 收入（年度）数据 by YCharts</blockquote></p><p> Investors have welcomed this strategy, as NextEra outperformed the<b>S&amp;P 500</b>and the utility sector over the past three, five, and 10-year periods. Given the spending patterns of its competitors, NextEra is showing no signs of losing its lead over its peers. Many renewable operators haveprojects in the works, but none combine<i>both</i>the existing and planned capacity of NextEra Energy.</p><p><blockquote>投资者对这一策略表示欢迎，因为 NextEra 的表现优于<b>标普500</b>以及过去三年、五年和十年期间的公用事业行业。考虑到竞争对手的支出模式，NextEra 没有表现出失去对同行领先地位的迹象。许多可再生能源运营商都有项目正在进行中，但没有一个合并<i>两个</i>NextEra Energy 的现有和规划产能。</blockquote></p><p> Ride the EV tailwinds</p><p><blockquote>乘着电动汽车的顺风</blockquote></p><p> Growth in electric vehicle sales could change a lot of the energy industry, and investors will want to make sure they're riding the tailwinds of the EV trend, not fighting them. These three stocks should do well as EV sales grow, and that's why they're top picks for us today.</p><p><blockquote>电动汽车销售的增长可能会很大程度上改变能源行业，投资者希望确保他们乘着电动汽车趋势的顺风，而不是与之对抗。随着电动汽车销量的增长，这三只股票应该会表现良好，这就是为什么它们是我们今天的首选。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/05/05/3-companies-that-will-directly-benefit-from-an-ev/\">The motley fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NEE":"新纪元能源","CHPT":"ChargePoint Holdings Inc.","SPWR":"Sunpower Inc."},"source_url":"https://www.fool.com/investing/2021/05/05/3-companies-that-will-directly-benefit-from-an-ev/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148728757","content_text":"As electric vehicle (EV) sales rise around the world, there will be a number of industries that directly benefit from the change in energy consumption. Electricity consumption could rise, millions of EV chargers will be needed, and there will be a huge demand for raw materials.\nThese businesses adjacent to EV manufacturing have become appealing becauseEV stockstrade for incredibly high price-to-sales multiples, or multi-billion dollar valuations for pre-revenue companies. And if you're looking for stocks that will directly benefit from EV growth, we thinkSunPower(NASDAQ:SPWR),ChargePoint Holdings(NYSE:CHPT), andNextEra Energy(NYSE:NEE)will be some of the biggest beneficiaries.\nThe complete energy solution\nTravis Hoium(SunPower):Rooftop solar and electric vehicles aren't directly related, but they serve a similar customer base, and it's well known that EV owners are far more likely to have rooftop solar than the general population and vice versa. What SunPower is doing is trying to leverage its position in the energy industry to become a full energy services company, including charging of electric vehicles.\nSunPower's strategy starts with rooftop solar panels, but the addition of energy storage to the home energy system is really the key. Storage allows SunPower to control when a home or electric vehicle is pulling power from the grid, when power is coming from solar panels, and when energy is stored or discharged. This will allow a homeowner to choose to \"fuel\" their EV with only homemade solar electricity or even use the EV as an additional battery pack for backup power.\nBased on historic trends, if EV sales grow at the rate manufacturers and industry observers expect, we would expect to see asharp rise in rooftop solarbeing installed as well. That will be a big tailwind for SunPower, and with the company moving into energy storage and complete smart home power solutions, this could be a growth stock for years to come.\nIn need of infrastructure\nHoward Smith(ChargePoint Holdings):There will be winners and losers among the growing number of electric vehicle manufacturers. Regardless of which vehicle supplier prospers from an EV boom, though, significantly more charging infrastructure will be needed. ChargePoint has a comprehensive network of offerings that includes more than 2,000 publicly available fast-charging stations. Also, with over 70% market share, it is the North American leader in Level 2 charging networks, which use 240-volt power. It expects sales of its charging ports to grow by seven times through 2026, as it expands in both the U.S. and Europe.\nThough the company came public through a special purpose acquisition company (SPAC), it's not a pre-revenue start-up. It reported sales of $146 million in its fiscal 2021, which ended Jan. 31. ChargePoint said it expects that to increase by 37% to $200 million at the midpoint of its fiscal 2022 guidance.\nThat level of revenue still values the company at a very lofty 30 times sales. But it also gives management some credibility as it matches what the company presented prior to trading publicly. If those previous revenue estimates hold for calendar year 2022, the valuation drops to 18 on aprice-to-salesbasis.\nWith a suite of products that caters to the needs of EV fleet owners, parking operators, and consumers, as well as corporations and municipalities, an EV boom gives ChargePoint the ability to accelerate growth to justify its valuation looking ahead several years. Growth in the sector looks imminent. Major automakers have set goals and timelines for becoming virtually all-electric. An added catalyst in the U.S. could come from infrastructure spending that President Biden has proposed to help install 500,000 new charging stations.\nThe need for much more EV charging infrastructure is clearly coming, and ChargePoint is in a prime position to supply it. Investors just need to be patient and only allocate money that belongs in the high-risk portion of a portfolio.\nLeading the next-generation energy grid\nDaniel Foelber (NextEra Energy):As North America's largest producer of wind and solar energy, NextEra is ready to support the EV boom bysupplying the grid with clean energy. The environmental impact of widespread EV adoption paired with a nationwide charging network is reduced if the majority of electricity is derived from fossil fuels. This is where utilities can make a difference.\nNextEra is certainly not the only utility that is investing in renewables, but it has arguably beenthe most aggressive. The company's renewable division, NextEra Energy Resources (NEER), finished 2020 with around 23.9 gigawatts (GW) of generation capacity. In its first-quarter conference call, NextEra reported that NEER now has a backlog of 15.25 GW, meaning plenty of new projects are in the works.\nNextEra has grown to become the largest U.S.-based utility by market cap. The secret sauce? An ability to harness its existing leading position in Florida -- through Florida Power and Light -- along with debt to fund new capacity. Although around 70% of FPL's power comes from natural gas, it has 2.64 GW of solar projects and expects to add 3.8 GW over the next four years. It also added 70 new EV charging ports in the first quarter of 2021, bringing its total to 400. It plans to install 600 more charging ports by 2022.\nThe company's growth rate is impressive, but it has come at a hefty price. The past few years have seen stagnating revenue and net income -- along with a sharp rise in capital expenditures -- which has led to massive cash outflows on the investing side.\nNEE REVENUE (ANNUAL)DATA BYYCHARTS\nInvestors have welcomed this strategy, as NextEra outperformed theS&P 500and the utility sector over the past three, five, and 10-year periods. Given the spending patterns of its competitors, NextEra is showing no signs of losing its lead over its peers. Many renewable operators haveprojects in the works, but none combineboththe existing and planned capacity of NextEra Energy.\nRide the EV tailwinds\nGrowth in electric vehicle sales could change a lot of the energy industry, and investors will want to make sure they're riding the tailwinds of the EV trend, not fighting them. These three stocks should do well as EV sales grow, and that's why they're top picks for us today.","news_type":1,"symbols_score_info":{"CHPT":0.9,"SPWR":0.9,"NEE":0.9}},"isVote":1,"tweetType":1,"viewCount":843,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142556294,"gmtCreate":1626163676118,"gmtModify":1633929499766,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/142556294","repostId":"1101566017","repostType":4,"isVote":1,"tweetType":1,"viewCount":593,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191005310,"gmtCreate":1620826122130,"gmtModify":1634196041898,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/191005310","repostId":"1106026658","repostType":4,"isVote":1,"tweetType":1,"viewCount":848,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351303257,"gmtCreate":1616559443979,"gmtModify":1634525200726,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/351303257","repostId":"1191456293","repostType":4,"isVote":1,"tweetType":1,"viewCount":2258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":322342784,"gmtCreate":1615777162348,"gmtModify":1703492801194,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/322342784","repostId":"1141300773","repostType":4,"isVote":1,"tweetType":1,"viewCount":521,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108899769,"gmtCreate":1620008456051,"gmtModify":1634208566568,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/108899769","repostId":"1135819410","repostType":4,"repost":{"id":"1135819410","kind":"news","pubTimestamp":1619999342,"share":"https://www.laohunote.com/m/news/1135819410?lang=zh_CN&edition=full","pubTime":"2021-05-03 07:49","market":"us","language":"en","title":"Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、维亚康姆哥伦比亚广播公司、通用汽车等投资者本周值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1135819410","media":"Barrons","summary":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their fi","content":"<p>It’s another packed week of earnings reports, with 130 S&amp;P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday:&nbsp;Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p><blockquote>又是财报密集的一周，标普500有 130 家公司即将发布第一季度业绩。雅诗兰黛是周一的亮点之一，周二的情况有所好转： 动视暴雪、CVS Health、杜邦、辉瑞和 T-Mobile US 均有报道。</blockquote></p><p>On Wednesday,&nbsp;Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings.&nbsp;Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on&nbsp;Friday.</p><p><blockquote>周三，巴里克黄金公司、Booking Holdings、通用汽车、PayPal控股公司和优步科技公司发布财报。百威英博、Moderna、再生元制药、Square和维亚康姆哥伦比亚广播公司将于周四上市。最后，信诺将于周五结束本周。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p><blockquote></blockquote></p><p>On the economic calendar this week, the&nbsp;main event will jobs Friday.&nbsp;The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p><blockquote>在本周的经济日历上，主要事件将是周五的就业。美国劳工统计局（Bureau of Labor Statistics）预测，4月份非农就业人数将增加97.5万人，失业率为5.8%，低于一个月前的6%。</blockquote></p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its&nbsp;Services equivalent on Wednesday.</p><p><blockquote>本周公布的其他数据包括周一公布的美国供应管理协会 (Institute for Supply Management) 4 月份制造业采购经理人指数和周三公布的服务业指数。</blockquote></p><p>Enterprise Products Partners&nbsp;and Estée Lauder release earnings.</p><p><blockquote>企业产品合作伙伴和雅诗兰黛发布收益。</blockquote></p><p>Merck and&nbsp;Public Storage&nbsp;hold virtual investor days.</p><p><blockquote>默克和公共存储举办虚拟投资者日。</blockquote></p><p><b>The Census Bureau</b>&nbsp;reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><blockquote><b>人口普查局</b>报告三月份建筑支出数据。普遍估计，经季节性调整后的年增长率为 1.53 万亿美元，建筑支出环比增长 0.6%。</blockquote></p><p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><blockquote><b>供应研究所</b>管理层发布4月份制造业采购经理人指数。经济学家预测读数为65，与3月份的数字大致持平。3月份的读数是该指数自1983年12月以来的最高水平。</blockquote></p><p><b>Tuesday 5/4</b></p><p><blockquote><b>星期二 5/4</b></blockquote></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p><blockquote>动视暴雪、康菲石油公司、康明斯、CVS Health、Dominion Energy、杜邦、伊顿、辉瑞、思科和 T-Mobile US 报告季度业绩。</blockquote></p><p>Eli Lilly&nbsp;holds a conference call to discuss its sustainability initiatives.</p><p><blockquote>礼来公司召开电话会议讨论其可持续发展举措。</blockquote></p><p>Union Pacific&nbsp;holds its 2021 virtual investor day.</p><p><blockquote>联合太平洋举办 2021 年虚拟投资者日。</blockquote></p><p><b>Wednesday 5/5</b></p><p><blockquote><b>星期三 5/5</b></blockquote></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><blockquote>Barrick Gold、Booking Holdings、博格华纳、艾默生电气、通用汽车、希尔顿全球控股公司、诺和诺德、PayPal Holdings 和 Uber Technologies 发布财报。</blockquote></p><p><b>ADP releases</b>&nbsp;its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><blockquote><b>ADP释放</b>其4月份的全国就业报告。继 3 月份增加 517,000 个就业岗位后，预计私营部门就业岗位将增加 762,500 个。</blockquote></p><p><b>ISM releases</b>&nbsp;its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><blockquote><b>ISM版本</b>其4月份服务业采购经理人指数。普遍看涨期权为 64.6，比 3 月份的数据高出一个档次。三月份的读数是该指数的历史新高。</blockquote></p><p><b>Thursday 5/6</b></p><p><blockquote><b>星期四 5/6</b></blockquote></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and&nbsp;Zoetishold conference calls to discuss quarterly results.</p><p><blockquote>百威英博、Becton Dickinson、Expedia Group、富达国家信息服务、家乐氏、林德、大都会人寿、Moderna、再生元制药、Square、ViacomCBS 和 Zoetis 在评级举行会议讨论季度业绩。</blockquote></p><p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><blockquote><b>劳工部</b>报告截至 5 月 1 日当周的首次申请失业救济人数。4月份首次申请失业救济人数平均每周为611,750人，处于去年3月以来的最低水平。</blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><blockquote><b>劳工局</b>统计数据报告了第一季度的劳动力成本和生产率。预计经季节性调整后的生产率年增长率为 2.2%，而 2020 年第四季度为下降 4.2%。单位劳动力成本在此前上涨 6% 后下降 0.4%。</blockquote></p><p><b>Friday 5/7</b></p><p><blockquote><b>5/7星期五</b></blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p><blockquote><b>劳工局</b>统计局发布了4月份的就业报告。经济学家预测非农就业人数将增加97.5万人。失业率预计将从6%小幅降至5.8%。</blockquote></p><p>Cigna and&nbsp;<b>Liberty Media</b>&nbsp;report earnings.</p><p><blockquote>信诺和<b>自由媒体</b>报告收益。</blockquote></p><p></p>","source":"lsy1601382232898","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>Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、维亚康姆哥伦比亚广播公司、通用汽车等投资者本周值得关注的股票</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nUber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week<blockquote>Uber、辉瑞、PayPal、T-Mobile、维亚康姆哥伦比亚广播公司、通用汽车等投资者本周值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-05-03 07:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It’s another packed week of earnings reports, with 130 S&amp;P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday:&nbsp;Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p><blockquote>又是财报密集的一周，标普500有 130 家公司即将发布第一季度业绩。雅诗兰黛是周一的亮点之一，周二的情况有所好转： 动视暴雪、CVS Health、杜邦、辉瑞和 T-Mobile US 均有报道。</blockquote></p><p>On Wednesday,&nbsp;Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings.&nbsp;Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on&nbsp;Friday.</p><p><blockquote>周三，巴里克黄金公司、Booking Holdings、通用汽车、PayPal控股公司和优步科技公司发布财报。百威英博、Moderna、再生元制药、Square和维亚康姆哥伦比亚广播公司将于周四上市。最后，信诺将于周五结束本周。</blockquote></p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p><blockquote></blockquote></p><p>On the economic calendar this week, the&nbsp;main event will jobs Friday.&nbsp;The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p><blockquote>在本周的经济日历上，主要事件将是周五的就业。美国劳工统计局（Bureau of Labor Statistics）预测，4月份非农就业人数将增加97.5万人，失业率为5.8%，低于一个月前的6%。</blockquote></p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its&nbsp;Services equivalent on Wednesday.</p><p><blockquote>本周公布的其他数据包括周一公布的美国供应管理协会 (Institute for Supply Management) 4 月份制造业采购经理人指数和周三公布的服务业指数。</blockquote></p><p>Enterprise Products Partners&nbsp;and Estée Lauder release earnings.</p><p><blockquote>企业产品合作伙伴和雅诗兰黛发布收益。</blockquote></p><p>Merck and&nbsp;Public Storage&nbsp;hold virtual investor days.</p><p><blockquote>默克和公共存储举办虚拟投资者日。</blockquote></p><p><b>The Census Bureau</b>&nbsp;reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><blockquote><b>人口普查局</b>报告三月份建筑支出数据。普遍估计，经季节性调整后的年增长率为 1.53 万亿美元，建筑支出环比增长 0.6%。</blockquote></p><p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><blockquote><b>供应研究所</b>管理层发布4月份制造业采购经理人指数。经济学家预测读数为65，与3月份的数字大致持平。3月份的读数是该指数自1983年12月以来的最高水平。</blockquote></p><p><b>Tuesday 5/4</b></p><p><blockquote><b>星期二 5/4</b></blockquote></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p><blockquote>动视暴雪、康菲石油公司、康明斯、CVS Health、Dominion Energy、杜邦、伊顿、辉瑞、思科和 T-Mobile US 报告季度业绩。</blockquote></p><p>Eli Lilly&nbsp;holds a conference call to discuss its sustainability initiatives.</p><p><blockquote>礼来公司召开电话会议讨论其可持续发展举措。</blockquote></p><p>Union Pacific&nbsp;holds its 2021 virtual investor day.</p><p><blockquote>联合太平洋举办 2021 年虚拟投资者日。</blockquote></p><p><b>Wednesday 5/5</b></p><p><blockquote><b>星期三 5/5</b></blockquote></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><blockquote>Barrick Gold、Booking Holdings、博格华纳、艾默生电气、通用汽车、希尔顿全球控股公司、诺和诺德、PayPal Holdings 和 Uber Technologies 发布财报。</blockquote></p><p><b>ADP releases</b>&nbsp;its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><blockquote><b>ADP释放</b>其4月份的全国就业报告。继 3 月份增加 517,000 个就业岗位后，预计私营部门就业岗位将增加 762,500 个。</blockquote></p><p><b>ISM releases</b>&nbsp;its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><blockquote><b>ISM版本</b>其4月份服务业采购经理人指数。普遍看涨期权为 64.6，比 3 月份的数据高出一个档次。三月份的读数是该指数的历史新高。</blockquote></p><p><b>Thursday 5/6</b></p><p><blockquote><b>星期四 5/6</b></blockquote></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and&nbsp;Zoetishold conference calls to discuss quarterly results.</p><p><blockquote>百威英博、Becton Dickinson、Expedia Group、富达国家信息服务、家乐氏、林德、大都会人寿、Moderna、再生元制药、Square、ViacomCBS 和 Zoetis 在评级举行会议讨论季度业绩。</blockquote></p><p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><blockquote><b>劳工部</b>报告截至 5 月 1 日当周的首次申请失业救济人数。4月份首次申请失业救济人数平均每周为611,750人，处于去年3月以来的最低水平。</blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><blockquote><b>劳工局</b>统计数据报告了第一季度的劳动力成本和生产率。预计经季节性调整后的生产率年增长率为 2.2%，而 2020 年第四季度为下降 4.2%。单位劳动力成本在此前上涨 6% 后下降 0.4%。</blockquote></p><p><b>Friday 5/7</b></p><p><blockquote><b>5/7星期五</b></blockquote></p><p><b>The Bureau of Labor</b>&nbsp;Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p><blockquote><b>劳工局</b>统计局发布了4月份的就业报告。经济学家预测非农就业人数将增加97.5万人。失业率预计将从6%小幅降至5.8%。</blockquote></p><p>Cigna and&nbsp;<b>Liberty Media</b>&nbsp;report earnings.</p><p><blockquote>信诺和<b>自由媒体</b>报告收益。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","GM":"通用汽车",".SPX":"S&P 500 Index","UBER":"优步","TMUS":"T-Mobile US Inc","PFE":"辉瑞",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135819410","content_text":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.On Wednesday, Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings. Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on Friday.On the economic calendar this week, the main event will jobs Friday. The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its Services equivalent on Wednesday.Enterprise Products Partners and Estée Lauder release earnings.Merck and Public Storage hold virtual investor days.The Census Bureau reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.The Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.Tuesday 5/4Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.Eli Lilly holds a conference call to discuss its sustainability initiatives.Union Pacific holds its 2021 virtual investor day.Wednesday 5/5Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.ADP releases its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.ISM releases its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.Thursday 5/6Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and Zoetishold conference calls to discuss quarterly results.The Department of Labor reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.The Bureau of Labor Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.Friday 5/7The Bureau of Labor Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.Cigna and Liberty Media report earnings.","news_type":1,"symbols_score_info":{"PFE":0.9,".IXIC":0.9,"VIACP":0.9,".SPX":0.9,"TMUS":0.9,"PYPL":0.9,"UBER":0.9,"GM":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":731,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379937758,"gmtCreate":1618650552974,"gmtModify":1634291537128,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/379937758","repostId":"1175692875","repostType":4,"repost":{"id":"1175692875","kind":"news","pubTimestamp":1618582708,"share":"https://www.laohunote.com/m/news/1175692875?lang=zh_CN&edition=full","pubTime":"2021-04-16 22:18","market":"us","language":"en","title":"$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440 亿美元的期权今天到期：以下是将会发生的变化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175692875","media":"zerohedge","summary":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire","content":"<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.</p><p><blockquote>虽然今天不是四倍（甚至三倍）魔法日，但今天有很多每周期权将到期，其中五个将毫无价值，而其他期权将为基础价格提供支撑“大头针”。这就是为什么，尽管我们正在享受一个美丽的春季周，但高盛指出，单一股票期权交易活动相对于历史水平有所上升。也就是说，4 月份每日期权交易量较 3 月 30 日年初以来 24 亿美元的低点增长了 70%。</blockquote></p><p><b>In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.</b>As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.</p><p><blockquote><b>总共有 5,440 亿美元的单只股票期权将于今天到期，其中包括 3,050 亿美元的评级。</b>因此，今天的到期日对于持有大量现值（ATM）期权未平仓合约的股票来说可能非常重要，因为做市商将积极对冲其异常庞大的期权投资组合。这种流动可能会抑制某些股票的波动性，同时加剧其他股票的股价波动。</blockquote></p><p>How to trade this?</p><p><blockquote>这个怎么交易？</blockquote></p><p>As Goldman's Vishal Vivek writes, at major expirations, options traders track situations where<b>a large amount of open interest is set to expire.</b>In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.</p><p><blockquote>正如高盛的 Vishal Vivek 所写，在重大到期日，期权交易者会跟踪以下情况：<b>大量未平仓合约将到期。</b>在平价行权（行权价格等于或非常接近当前股价）中有大量到期未平仓合约的情况下，三角洲对冲活动可能会影响标的股票当天的交易。如果做市商或其他对冲其头寸的期权交易者是净多头 ATM 期权，则与到期相关的流动可能会产生抑制股价变动的效果，导致股价以大量未平仓合约结算在罢工点附近。这种情况通常被称为“pin”，对于试图进入/退出股票头寸的大投资者来说，这是一种理想的情况。或者，如果delta-hedgers是净空头ATM期权（具有“负伽马”头寸），他们的对冲活动可能会加剧股价波动。</blockquote></p><p>What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.</p><p><blockquote>这意味着与到期相关的交易可能会导致拥有大量 ATM 未平仓合约的股票的交易活动大幅回升。</blockquote></p><p>So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"<i>expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"</i></p><p><blockquote>因此，为了帮助希望抓住日内交易机会的交易者，这里有一个表格，确定了今天到期的大量 ATM 未平仓合约的可能重点股票，并与标的股票的日均交易量进行了比较。正如高盛所说，“<i>如果未平仓合约在股票成交量中占很大比例，那么与到期相关的活动可能会产生更大的影响。”</i></blockquote></p><p><img src=\"https://static.tigerbbs.com/0dac61cb87c2f2700d8a0e8e64324f81\" tg-width=\"500\" tg-height=\"638\" referrerpolicy=\"no-referrer\">Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"</p><p><blockquote>最后，值得一提的是，今天早上我们在 SpotGamma 的朋友们写道，这是一个相当奇怪的运营支出周期，“持续的、近乎机械的出价推动市场走高。我们以前从未见过看涨期权墙像这样 “突破 ”过很多次，但我们在之前的笔记中提到过其他异常现象，比如净看跌期权销售。我们对此有一些理论，并将在一篇较长的文章中发布”。</blockquote></p><p>According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).<b>These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX&nbsp; (i.e. implied volatility) reversed.</b></p><p><blockquote>根据SG的说法，由于隐含波动性现在已经被压缩（即VIX在新低），现在有更大的潜力出现“长期”波动性。回想一下，最近市场的任何急剧、剧烈下跌是如何被如此迅速地买入的（见下图）。<b>这些突破下跌与创纪录的 VIX 峰值同时发生，但反思性的snap回购将带来与 VIX（即隐含波动率）逆转同等强度的市场复苏。</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/ae7a60d873792b825bdda669cafa0ed3\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\">And one other curious observation from SpotGamma:</p><p><blockquote>SpotGamma 的另一个奇怪观察结果：</blockquote></p><p>When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. <b>We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.</b>With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.&nbsp; Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.&nbsp; Additionally, gamma is higher when IV is lower so gamma flips may have more juice.</p><p><blockquote>当隐含波动性非常高时，它对市场走势非常敏感，也表明市场预计未来会有更大的波动。一旦市场暂停或触及支撑位，隐含的波动性就会迅速回落。<b>我们经常想到这个类比，如果鲨鱼停止游泳，它就会下沉（部分正确!）.如果市场停止下跌，那么隐含的波动性就会下降。</b>因此，正如我们经常谈论的那样，较低的隐含波动率（即较低的VIX）表明做市商必须回购推动反弹的空头对冲。SG 的结论： 目前较低的隐含波动率水平为市场提供了更多的下行火力。从较低的隐含波动率开始，“减缓”了这种反应灵敏的 “snap回调 ”买入机制。此外，当 IV 较低时，伽马值较高，因此伽马翻转可能会有更多的作用。</blockquote></p><p></p>","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>$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440 亿美元的期权今天到期：以下是将会发生的变化</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\n$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440 亿美元的期权今天到期：以下是将会发生的变化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-04-16 22:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.</p><p><blockquote>虽然今天不是四倍（甚至三倍）魔法日，但今天有很多每周期权将到期，其中五个将毫无价值，而其他期权将为基础价格提供支撑“大头针”。这就是为什么，尽管我们正在享受一个美丽的春季周，但高盛指出，单一股票期权交易活动相对于历史水平有所上升。也就是说，4 月份每日期权交易量较 3 月 30 日年初以来 24 亿美元的低点增长了 70%。</blockquote></p><p><b>In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.</b>As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.</p><p><blockquote><b>总共有 5,440 亿美元的单只股票期权将于今天到期，其中包括 3,050 亿美元的评级。</b>因此，今天的到期日对于持有大量现值（ATM）期权未平仓合约的股票来说可能非常重要，因为做市商将积极对冲其异常庞大的期权投资组合。这种流动可能会抑制某些股票的波动性，同时加剧其他股票的股价波动。</blockquote></p><p>How to trade this?</p><p><blockquote>这个怎么交易？</blockquote></p><p>As Goldman's Vishal Vivek writes, at major expirations, options traders track situations where<b>a large amount of open interest is set to expire.</b>In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.</p><p><blockquote>正如高盛的 Vishal Vivek 所写，在重大到期日，期权交易者会跟踪以下情况：<b>大量未平仓合约将到期。</b>在平价行权（行权价格等于或非常接近当前股价）中有大量到期未平仓合约的情况下，三角洲对冲活动可能会影响标的股票当天的交易。如果做市商或其他对冲其头寸的期权交易者是净多头 ATM 期权，则与到期相关的流动可能会产生抑制股价变动的效果，导致股价以大量未平仓合约结算在罢工点附近。这种情况通常被称为“pin”，对于试图进入/退出股票头寸的大投资者来说，这是一种理想的情况。或者，如果delta-hedgers是净空头ATM期权（具有“负伽马”头寸），他们的对冲活动可能会加剧股价波动。</blockquote></p><p>What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.</p><p><blockquote>这意味着与到期相关的交易可能会导致拥有大量 ATM 未平仓合约的股票的交易活动大幅回升。</blockquote></p><p>So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"<i>expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"</i></p><p><blockquote>因此，为了帮助希望抓住日内交易机会的交易者，这里有一个表格，确定了今天到期的大量 ATM 未平仓合约的可能重点股票，并与标的股票的日均交易量进行了比较。正如高盛所说，“<i>如果未平仓合约在股票成交量中占很大比例，那么与到期相关的活动可能会产生更大的影响。”</i></blockquote></p><p><img src=\"https://static.tigerbbs.com/0dac61cb87c2f2700d8a0e8e64324f81\" tg-width=\"500\" tg-height=\"638\" referrerpolicy=\"no-referrer\">Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"</p><p><blockquote>最后，值得一提的是，今天早上我们在 SpotGamma 的朋友们写道，这是一个相当奇怪的运营支出周期，“持续的、近乎机械的出价推动市场走高。我们以前从未见过看涨期权墙像这样 “突破 ”过很多次，但我们在之前的笔记中提到过其他异常现象，比如净看跌期权销售。我们对此有一些理论，并将在一篇较长的文章中发布”。</blockquote></p><p>According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).<b>These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX&nbsp; (i.e. implied volatility) reversed.</b></p><p><blockquote>根据SG的说法，由于隐含波动性现在已经被压缩（即VIX在新低），现在有更大的潜力出现“长期”波动性。回想一下，最近市场的任何急剧、剧烈下跌是如何被如此迅速地买入的（见下图）。<b>这些突破下跌与创纪录的 VIX 峰值同时发生，但反思性的snap回购将带来与 VIX（即隐含波动率）逆转同等强度的市场复苏。</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/ae7a60d873792b825bdda669cafa0ed3\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\">And one other curious observation from SpotGamma:</p><p><blockquote>SpotGamma 的另一个奇怪观察结果：</blockquote></p><p>When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. <b>We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.</b>With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.&nbsp; Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.&nbsp; Additionally, gamma is higher when IV is lower so gamma flips may have more juice.</p><p><blockquote>当隐含波动性非常高时，它对市场走势非常敏感，也表明市场预计未来会有更大的波动。一旦市场暂停或触及支撑位，隐含的波动性就会迅速回落。<b>我们经常想到这个类比，如果鲨鱼停止游泳，它就会下沉（部分正确!）.如果市场停止下跌，那么隐含的波动性就会下降。</b>因此，正如我们经常谈论的那样，较低的隐含波动率（即较低的VIX）表明做市商必须回购推动反弹的空头对冲。SG 的结论： 目前较低的隐含波动率水平为市场提供了更多的下行火力。从较低的隐含波动率开始，“减缓”了这种反应灵敏的 “snap回调 ”买入机制。此外，当 IV 较低时，伽马值较高，因此伽马翻转可能会有更多的作用。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175692875","content_text":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.How to trade this?As Goldman's Vishal Vivek writes, at major expirations, options traders track situations wherea large amount of open interest is set to expire.In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX  (i.e. implied volatility) reversed.And one other curious observation from SpotGamma:When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.  Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.  Additionally, gamma is higher when IV is lower so gamma flips may have more juice.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":570,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176998107,"gmtCreate":1626852016009,"gmtModify":1633770407810,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/176998107","repostId":"1142295392","repostType":4,"isVote":1,"tweetType":1,"viewCount":790,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122023809,"gmtCreate":1624588997701,"gmtModify":1633950838886,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/122023809","repostId":"1191481202","repostType":4,"repost":{"id":"1191481202","kind":"news","pubTimestamp":1624587902,"share":"https://www.laohunote.com/m/news/1191481202?lang=zh_CN&edition=full","pubTime":"2021-06-25 10:25","market":"us","language":"en","title":"These 4 Soaring Nasdaq Stocks Just Got an Unexpected Gift<blockquote>这4只飙升的纳斯达克股票刚刚收到了一份意想不到的礼物</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191481202","media":"Motley Fool","summary":"TheNasdaq Composite(NASDAQINDEX:^IXIC)continued its most recent bullish run on Thursday morning. At ","content":"<p>The<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)continued its most recent bullish run on Thursday morning. At 11:45 a.m. EDT, theNasdaqwas up nearly a full percentage point, pushing even further into uncharted territory after setting an all-time high on Wednesday.</p><p><blockquote>这个<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）周四上午继续其最近的牛市行情。美国东部时间上午 11:45，纳斯达克指数上涨近整整一个百分点，在周三创下历史新高后进一步进入未知领域。</blockquote></p><p> Among the biggest gainers in the Nasdaq were stocks connected to the online advertising industry. Programmatic advertising giant<b>The Trade Desk</b>(NASDAQ:TTD)and other players in advertising technology got a big boost from an unexpected source, and with the stocks having previously suffered due to concerns about their long-term sustainability, today's news offers a lifeline that just about nobody anticipated.</p><p><blockquote>纳斯达克涨幅最大的股票是与在线广告行业相关的股票。程序化广告巨头<b>交易台</b>（纳斯达克股票代码：TTD）和广告技术领域的其他参与者从意想不到的来源获得了巨大的提振，由于这些股票此前因对长期可持续性的担忧而遭受损失，今天的消息提供了一条几乎没有人预料到的生命线。</blockquote></p><p> Google does an about-face</p><p><blockquote>谷歌来了个大转变</blockquote></p><p> The big news in the advertising technology industry came from&nbsp;<b>Alphabet</b>'s(NASDAQ:GOOGL)(NASDAQ:GOOG)Google, which made an announcement that reversed course from its previous strategic direction. Google said that it had changed its mind with respect to its plans to start blocking cookies on its Chrome browser, putting off the phase-out of third-party cookies until mid- to late 2023. Previously, the search giant had said it hoped to eliminate cookies by the end of this year.</p><p><blockquote>广告技术行业的大新闻来自<b>Alphabet</b>谷歌（纳斯达克股票代码：GOOGL）（纳斯达克股票代码：GOOG）谷歌发布公告，改变了之前的战略方向。谷歌表示，它已经改变了开始在其 Chrome 浏览器上阻止 cookie 的计划，将第三方 cookie 的逐步淘汰推迟到 2023 年中下旬。此前，这家搜索巨头曾表示，希望在今年年底前消除cookies。</blockquote></p><p> Privacy advocates had lauded Google's initial move, arguing that advertisers shouldn't be able to use browser activity to target ads. However, in its announcement of the delay, Google argued that it needed to provide more time for an inclusive discussion of issues including advertisers, publishers, and the general public to weigh and balance different considerations. The company cited numerous websites whose business models rely on advertising revenue that could potentially be harmed from an all-out ban on third-party cookies.</p><p><blockquote>隐私倡导者称赞了谷歌的最初举措，认为广告商不应该能够使用浏览器活动来定位广告。然而，在宣布推迟时，谷歌辩称，它需要提供更多时间来包容性地讨论包括广告商、出版商和公众在内的问题，以权衡和平衡不同的考虑因素。该公司列举了许多商业模式依赖于广告收入的网站，这些网站可能会受到全面禁止第三方cookies的损害。</blockquote></p><p> Big gains across the ad-tech field</p><p><blockquote>广告技术领域的巨大进步</blockquote></p><p> The news sent advertising stocks soaring. The Trade Desk added 18%, reaching its best level since March.<b>Criteo</b>(NASDAQ:CRTO)shares jumped 11%, while shares of&nbsp;<b>PubMatic</b>(NASDAQ:PUBM)&nbsp;and&nbsp;<b>Magnite</b>(NASDAQ:MGNI)each rose 9%.</p><p><blockquote>这一消息导致广告股飙升。交易柜台上涨 18%，达到 3 月份以来的最佳水平。<b>克里特奥</b>（纳斯达克股票代码：CRTO）股价上涨 11%，而<b>出版</b>（纳斯达克股票代码：PUBM）和<b>磁铁</b>（纳斯达克股票代码：MGNI）每股上涨 9%。</blockquote></p><p> Those stocks had seen significant declines when Google first talked about blocking cookies, but interestingly, both those drops and today's gains reflect a fundamental misunderstanding of the way programmatic advertising works.</p><p><blockquote>当谷歌第一次谈论屏蔽cookies时，这些股票已经大幅下跌，但有趣的是，这些下跌和今天的上涨都反映了对程序化广告运作方式的根本误解。</blockquote></p><p> The Trade Desk's Jeff Greenexplained in the aftermath of the initial Google decision. As he noted, only about 20% of data-driven advertising stems from internet browsing activity, which is the only source of advertising that a third-party cookie ban would affect. Unchanged would be programmatic ads served through other sources, most notably by users logging into accounts for services like connected TV, because those sources have never relied on cookies to get key information on users.</p><p><blockquote>交易台的杰夫·格林在谷歌最初做出决定后解释道。正如他所指出的，只有大约20%的数据驱动广告来自互联网浏览活动，这是第三方cookie禁令会影响的唯一广告来源。不变的将是通过其他来源提供的程序化广告，最明显的是用户登录连接电视等服务的帐户，因为这些来源从未依赖cookies来获取用户的关键信息。</blockquote></p><p> Indeed, having anticipated the potential problem,companies in programmatic advertising have worked on solutions of their own. The Trade Desk started its own identification platform three years ago, known as Unified ID, and content publishers have flocked to offer it. Even if Google moves forward with full third-party cookie bans, the reliance of so many content providers on advertising revenue will support The Trade Desk and its peers in their continuing efforts to tailor advertising to specific viewers.</p><p><blockquote>事实上，在预料到潜在的问题后，程序化广告公司一直在研究自己的解决方案。The Trade Desk 三年前推出了自己的身份识别平台，称为 Unified ID，内容出版商纷纷涌向提供该平台。即使谷歌全面禁止第三方cookies，如此多的内容提供商对广告收入的依赖也将支持Trade Desk及其同行继续努力为特定受众定制广告。</blockquote></p><p> In the long run, advertising isn't going anywhere, and privacy concerns will have to be balanced against the economic needs of those providing valuable content and services via the internet. As long as consumers are more willing to watch ads than to pay for premium subscriptions to websites, The Trade Desk and its peers should find a way to reap long-term rewards for shareholders.</p><p><blockquote>从长远来看，广告不会去任何地方，隐私问题必须与那些通过互联网提供有价值内容和服务的人的经济需求相平衡。只要消费者更愿意观看广告，而不是为网站付费订阅付费，Trade Desk 及其同行就应该找到一种方法，为股东收获长期回报。</blockquote></p><p></p>","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>These 4 Soaring Nasdaq Stocks Just Got an Unexpected Gift<blockquote>这4只飙升的纳斯达克股票刚刚收到了一份意想不到的礼物</blockquote></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: 12.5px; color: #7E829C; margin: 0;}\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\">\nThese 4 Soaring Nasdaq Stocks Just Got an Unexpected Gift<blockquote>这4只飙升的纳斯达克股票刚刚收到了一份意想不到的礼物</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-06-25 10:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)continued its most recent bullish run on Thursday morning. At 11:45 a.m. EDT, theNasdaqwas up nearly a full percentage point, pushing even further into uncharted territory after setting an all-time high on Wednesday.</p><p><blockquote>这个<b>纳斯达克复合材料</b>（纳斯达克指数：^IXIC）周四上午继续其最近的牛市行情。美国东部时间上午 11:45，纳斯达克指数上涨近整整一个百分点，在周三创下历史新高后进一步进入未知领域。</blockquote></p><p> Among the biggest gainers in the Nasdaq were stocks connected to the online advertising industry. Programmatic advertising giant<b>The Trade Desk</b>(NASDAQ:TTD)and other players in advertising technology got a big boost from an unexpected source, and with the stocks having previously suffered due to concerns about their long-term sustainability, today's news offers a lifeline that just about nobody anticipated.</p><p><blockquote>纳斯达克涨幅最大的股票是与在线广告行业相关的股票。程序化广告巨头<b>交易台</b>（纳斯达克股票代码：TTD）和广告技术领域的其他参与者从意想不到的来源获得了巨大的提振，由于这些股票此前因对长期可持续性的担忧而遭受损失，今天的消息提供了一条几乎没有人预料到的生命线。</blockquote></p><p> Google does an about-face</p><p><blockquote>谷歌来了个大转变</blockquote></p><p> The big news in the advertising technology industry came from&nbsp;<b>Alphabet</b>'s(NASDAQ:GOOGL)(NASDAQ:GOOG)Google, which made an announcement that reversed course from its previous strategic direction. Google said that it had changed its mind with respect to its plans to start blocking cookies on its Chrome browser, putting off the phase-out of third-party cookies until mid- to late 2023. Previously, the search giant had said it hoped to eliminate cookies by the end of this year.</p><p><blockquote>广告技术行业的大新闻来自<b>Alphabet</b>谷歌（纳斯达克股票代码：GOOGL）（纳斯达克股票代码：GOOG）谷歌发布公告，改变了之前的战略方向。谷歌表示，它已经改变了开始在其 Chrome 浏览器上阻止 cookie 的计划，将第三方 cookie 的逐步淘汰推迟到 2023 年中下旬。此前，这家搜索巨头曾表示，希望在今年年底前消除cookies。</blockquote></p><p> Privacy advocates had lauded Google's initial move, arguing that advertisers shouldn't be able to use browser activity to target ads. However, in its announcement of the delay, Google argued that it needed to provide more time for an inclusive discussion of issues including advertisers, publishers, and the general public to weigh and balance different considerations. The company cited numerous websites whose business models rely on advertising revenue that could potentially be harmed from an all-out ban on third-party cookies.</p><p><blockquote>隐私倡导者称赞了谷歌的最初举措，认为广告商不应该能够使用浏览器活动来定位广告。然而，在宣布推迟时，谷歌辩称，它需要提供更多时间来包容性地讨论包括广告商、出版商和公众在内的问题，以权衡和平衡不同的考虑因素。该公司列举了许多商业模式依赖于广告收入的网站，这些网站可能会受到全面禁止第三方cookies的损害。</blockquote></p><p> Big gains across the ad-tech field</p><p><blockquote>广告技术领域的巨大进步</blockquote></p><p> The news sent advertising stocks soaring. The Trade Desk added 18%, reaching its best level since March.<b>Criteo</b>(NASDAQ:CRTO)shares jumped 11%, while shares of&nbsp;<b>PubMatic</b>(NASDAQ:PUBM)&nbsp;and&nbsp;<b>Magnite</b>(NASDAQ:MGNI)each rose 9%.</p><p><blockquote>这一消息导致广告股飙升。交易柜台上涨 18%，达到 3 月份以来的最佳水平。<b>克里特奥</b>（纳斯达克股票代码：CRTO）股价上涨 11%，而<b>出版</b>（纳斯达克股票代码：PUBM）和<b>磁铁</b>（纳斯达克股票代码：MGNI）每股上涨 9%。</blockquote></p><p> Those stocks had seen significant declines when Google first talked about blocking cookies, but interestingly, both those drops and today's gains reflect a fundamental misunderstanding of the way programmatic advertising works.</p><p><blockquote>当谷歌第一次谈论屏蔽cookies时，这些股票已经大幅下跌，但有趣的是，这些下跌和今天的上涨都反映了对程序化广告运作方式的根本误解。</blockquote></p><p> The Trade Desk's Jeff Greenexplained in the aftermath of the initial Google decision. As he noted, only about 20% of data-driven advertising stems from internet browsing activity, which is the only source of advertising that a third-party cookie ban would affect. Unchanged would be programmatic ads served through other sources, most notably by users logging into accounts for services like connected TV, because those sources have never relied on cookies to get key information on users.</p><p><blockquote>交易台的杰夫·格林在谷歌最初做出决定后解释道。正如他所指出的，只有大约20%的数据驱动广告来自互联网浏览活动，这是第三方cookie禁令会影响的唯一广告来源。不变的将是通过其他来源提供的程序化广告，最明显的是用户登录连接电视等服务的帐户，因为这些来源从未依赖cookies来获取用户的关键信息。</blockquote></p><p> Indeed, having anticipated the potential problem,companies in programmatic advertising have worked on solutions of their own. The Trade Desk started its own identification platform three years ago, known as Unified ID, and content publishers have flocked to offer it. Even if Google moves forward with full third-party cookie bans, the reliance of so many content providers on advertising revenue will support The Trade Desk and its peers in their continuing efforts to tailor advertising to specific viewers.</p><p><blockquote>事实上，在预料到潜在的问题后，程序化广告公司一直在研究自己的解决方案。The Trade Desk 三年前推出了自己的身份识别平台，称为 Unified ID，内容出版商纷纷涌向提供该平台。即使谷歌全面禁止第三方cookies，如此多的内容提供商对广告收入的依赖也将支持Trade Desk及其同行继续努力为特定受众定制广告。</blockquote></p><p> In the long run, advertising isn't going anywhere, and privacy concerns will have to be balanced against the economic needs of those providing valuable content and services via the internet. As long as consumers are more willing to watch ads than to pay for premium subscriptions to websites, The Trade Desk and its peers should find a way to reap long-term rewards for shareholders.</p><p><blockquote>从长远来看，广告不会去任何地方，隐私问题必须与那些通过互联网提供有价值内容和服务的人的经济需求相平衡。只要消费者更愿意观看广告，而不是为网站付费订阅付费，Trade Desk 及其同行就应该找到一种方法，为股东收获长期回报。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/06/24/4-soaring-nasdaq-stocks-just-got-unexpected-gift/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRTO":"Criteo SA","GOOG":"谷歌","PUBM":"PubMatic, Inc.","TTD":"Trade Desk Inc.","MGNI":"Magnite, Inc."},"source_url":"https://www.fool.com/investing/2021/06/24/4-soaring-nasdaq-stocks-just-got-unexpected-gift/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191481202","content_text":"TheNasdaq Composite(NASDAQINDEX:^IXIC)continued its most recent bullish run on Thursday morning. At 11:45 a.m. EDT, theNasdaqwas up nearly a full percentage point, pushing even further into uncharted territory after setting an all-time high on Wednesday.\nAmong the biggest gainers in the Nasdaq were stocks connected to the online advertising industry. Programmatic advertising giantThe Trade Desk(NASDAQ:TTD)and other players in advertising technology got a big boost from an unexpected source, and with the stocks having previously suffered due to concerns about their long-term sustainability, today's news offers a lifeline that just about nobody anticipated.\nGoogle does an about-face\nThe big news in the advertising technology industry came from Alphabet's(NASDAQ:GOOGL)(NASDAQ:GOOG)Google, which made an announcement that reversed course from its previous strategic direction. Google said that it had changed its mind with respect to its plans to start blocking cookies on its Chrome browser, putting off the phase-out of third-party cookies until mid- to late 2023. Previously, the search giant had said it hoped to eliminate cookies by the end of this year.\nPrivacy advocates had lauded Google's initial move, arguing that advertisers shouldn't be able to use browser activity to target ads. However, in its announcement of the delay, Google argued that it needed to provide more time for an inclusive discussion of issues including advertisers, publishers, and the general public to weigh and balance different considerations. The company cited numerous websites whose business models rely on advertising revenue that could potentially be harmed from an all-out ban on third-party cookies.\nBig gains across the ad-tech field\nThe news sent advertising stocks soaring. The Trade Desk added 18%, reaching its best level since March.Criteo(NASDAQ:CRTO)shares jumped 11%, while shares of PubMatic(NASDAQ:PUBM) and Magnite(NASDAQ:MGNI)each rose 9%.\nThose stocks had seen significant declines when Google first talked about blocking cookies, but interestingly, both those drops and today's gains reflect a fundamental misunderstanding of the way programmatic advertising works.\nThe Trade Desk's Jeff Greenexplained in the aftermath of the initial Google decision. As he noted, only about 20% of data-driven advertising stems from internet browsing activity, which is the only source of advertising that a third-party cookie ban would affect. Unchanged would be programmatic ads served through other sources, most notably by users logging into accounts for services like connected TV, because those sources have never relied on cookies to get key information on users.\nIndeed, having anticipated the potential problem,companies in programmatic advertising have worked on solutions of their own. The Trade Desk started its own identification platform three years ago, known as Unified ID, and content publishers have flocked to offer it. Even if Google moves forward with full third-party cookie bans, the reliance of so many content providers on advertising revenue will support The Trade Desk and its peers in their continuing efforts to tailor advertising to specific viewers.\nIn the long run, advertising isn't going anywhere, and privacy concerns will have to be balanced against the economic needs of those providing valuable content and services via the internet. As long as consumers are more willing to watch ads than to pay for premium subscriptions to websites, The Trade Desk and its peers should find a way to reap long-term rewards for shareholders.","news_type":1,"symbols_score_info":{"MGNI":0.9,"CRTO":0.9,"TTD":0.9,"GOOG":0.9,"PUBM":0.9}},"isVote":1,"tweetType":1,"viewCount":726,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102868452,"gmtCreate":1620194820276,"gmtModify":1634207056769,"author":{"id":"3573725828950874","authorId":"3573725828950874","name":"Jayne seah","avatar":"https://static.tigerbbs.com/89e79cc9d213c3487de87f1ced1f5b01","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573725828950874","idStr":"3573725828950874"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/102868452","repostId":"1179177059","repostType":4,"isVote":1,"tweetType":1,"viewCount":678,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}