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2021-12-17

Good

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2021-12-13

$Gilat Satellite Networks(GILT)$rest before up

2021-12-10

Great ariticle, would you like to share it?

Will Nvidia Be a Trillion-Dollar Stock by Next Year?<blockquote>英伟达明年会成为万亿美元股票吗？</blockquote>

2021-12-10

Yes I think so

Will Nvidia Be a Trillion-Dollar Stock by Next Year?<blockquote>英伟达明年会成为万亿美元股票吗？</blockquote>

2021-12-03

Waiting

Nvidia’s Purchase of Arm Is (Likely) Dead. What Comes Next?<blockquote>英伟达对Arm的收购（很可能）已经胎死腹中。接下来会发生什么？</blockquote>

2021-11-28

Interesting theme

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2021-11-25

Nice

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2021-11-25

NEXT 10x stock

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2021-11-24

Safe play

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2021-11-22

Whats behind the reasons that drove this high ? Been going up

Apple shares rose nearly 2% in early trading and hit a record high<blockquote>苹果股价早盘涨近2%创历史新高</blockquote>

2021-11-22

Interesting

Cybersecurity startup Arctic Wolf seeks to hire advisors for U.S. IPO<blockquote>网络安全初创公司Arctic Wolf寻求为美国IPO聘请顾问</blockquote>

2021-11-17

To the moon

Palantir Stock: The Bull Thesis Keeps Getting Stronger<blockquote>Palantir股票：牛市论点不断增强</blockquote>

2021-11-17

Yes consider adding Adobe Docusign

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2021-11-16

Buy now

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2021-11-16

Sales force

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2021-11-15

Hmm

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2021-11-14

Hi

7 Earnings Reports to Watch Next Week<blockquote>下周值得关注的7份财报</blockquote>

2021-11-14

Shld I buy now?

Palantir: Q3 Beat, Increased FCF, Raises Guidance But Sells Off Creating An Opportunity<blockquote>Palantir：第三季度表现良好，自由现金流增加，提高指引但抛售创造了机会</blockquote>

2021-11-14

Great

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2021-11-07

Great ariticle, would you like to share it?

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href=\"https://laohu8.com/S/GILT\">$Gilat Satellite Networks(GILT)$</a>rest before up","listText":"<a href=\"https://laohu8.com/S/GILT\">$Gilat Satellite Networks(GILT)$</a>rest before up","text":"$Gilat Satellite Networks(GILT)$rest before up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604242498","isVote":1,"tweetType":1,"viewCount":2774,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605848648,"gmtCreate":1639148079298,"gmtModify":1639148160114,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605848648","repostId":"1144055666","repostType":4,"repost":{"id":"1144055666","kind":"news","pubTimestamp":1639142986,"share":"https://www.laohu8.com/m/news/1144055666?lang=zh_CN&edition=full","pubTime":"2021-12-10 21:29","market":"us","language":"en","title":"Will Nvidia Be a Trillion-Dollar Stock by Next Year?<blockquote>英伟达明年会成为万亿美元股票吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144055666","media":"Motley Fool","summary":"The graphics chipmaker has the seven-zero valuation in its sights.","content":"<p>It's not a question of if&nbsp;<b>Nvidia</b>&nbsp;will be a trillion-dollar stock, just a matter of when. With the stock up 150% in 2021, the chipmaker has a market valuation of just under $850 billion, which puts the symbolic threshold almost within reach.</p><p><blockquote>这不是如果的问题<b>英伟达</b>将成为万亿美元的股票，只是时间问题。随着该股在2021年上涨150%，这家芯片制造商的市值略低于8500亿美元，这使得象征性的门槛几乎触手可及。</blockquote></p><p> However, because even the&nbsp;<b>S&amp;P 500</b>&nbsp;has posted 25% gains this year, or more than double the historical average, the potential for a sharp decline grows increasingly likely. That, too, is a matter of when, not if.</p><p><blockquote>然而，因为即使是<b>标普500</b>今年涨幅为25%，是历史平均水平的两倍多，大幅下跌的可能性越来越大。这也是一个时间问题，而不是如果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a810eede9d4a8b010dd6d83bdd781be9\" tg-width=\"2000\" tg-height=\"1125\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Ignoring, for the moment, the dramatic plunge that occurred at the onset of the coronavirus pandemic last year, the stock market has been on an incredible years-long tear. Since the end of the&nbsp;Great Recession in 2009, the benchmark index has put on quite the performance by more than quadrupling in value and turning a $10,000 investment into one worth over $42,000 today.</p><p><blockquote>暂时忽略去年冠状病毒大流行爆发时发生的急剧暴跌，股市已经经历了令人难以置信的长达数年的撕裂。自2009年大衰退结束以来，该基准指数表现出色，价值翻了两番多，将10,000美元的投资变成了如今价值超过42,000美元的投资。</blockquote></p><p> A new downdraft will undoubtedly take Nvidia down with it, perhaps delaying the inevitable. Here's what it might look like for the tech stock to have that nine-zero valuation.</p><p><blockquote>新的下行趋势无疑会拖累英伟达，或许会推迟不可避免的事情。以下是科技股估值为九零的情况。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/381746086571d0ddcf0ce971b1b0ea41\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>It's game on for GPUs</b></p><p><blockquote><b>GPU的游戏开始了</b></blockquote></p><p> Nvidia is, of course, best known for its graphics cards, or graphics processing units (GPU), which have&nbsp;made immersive, processing-intensive video games possible&nbsp;and remain at the heart of Nvidia's business, generating 45% of total third-quarter revenue.</p><p><blockquote>当然，Nvidia最出名的是其显卡或图形处理单元(GPU)，它使沉浸式、处理密集型视频游戏成为可能，并且仍然是Nvidia业务的核心，占第三季度总收入的45%。</blockquote></p><p> It's not about to diminish in importance either. First, more people started playing video games during the pandemic, and while many will put their controllers aside as more out-of-home entertainment opportunities open up, many will continue.</p><p><blockquote>它的重要性也不会减弱。首先，更多的人在疫情期间开始玩视频游戏，虽然随着更多户外娱乐机会的出现，许多人会把他们的控制器放在一边，但许多人会继续玩下去。</blockquote></p><p> Citing the impact gamification among millennials has had on the adoption of a virtual world for gamers, Mordor Intelligence estimates the gaming GPU market will grow at a compound annual rate of 14% through 2026. This suggests that Nvidia, which already has an 83% share of the discrete gaming GPU market, might generate as much as $20 billion annually just in this segment if its sales growth rate keeps its pace.</p><p><blockquote>Mordor Intelligence引用了千禧一代的游戏化对游戏玩家采用虚拟世界的影响，估计到2026年，游戏GPU市场将以14%的复合年增长率增长。这表明，英伟达已经占据了独立游戏GPU市场83%的份额，如果其销售增长率保持同步，仅在这一领域每年就可能产生高达200亿美元的收入。</blockquote></p><p> Nvidia is also using AI to make gaming even better and more immersive. Its deep learning super sampling (DLSS) technology uses AI to take low-resolution images and scale them up to high resolutions for display on high-res screens. Add in a nascent but fast-growing esports industry, along with the growth of its&nbsp;GeForce Now&nbsp;cloud gaming service, and this segment still has plenty of expansion possibilities in store for the future.</p><p><blockquote>英伟达也在利用人工智能让游戏变得更好、更身临其境。其深度学习超级采样（DLSS）技术使用人工智能来拍摄低分辨率图像，并将其放大到高分辨率，以便在高分辨率屏幕上显示。再加上新兴但快速增长的电子竞技行业，以及GeForce Now云游戏服务的增长，该细分市场在未来仍有大量扩张的可能性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/548893b4ea766bdde6eb1233864ed440\" tg-width=\"2000\" tg-height=\"1126\" width=\"100%\" height=\"auto\"><span>Image source: Nvidia.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：英伟达。</span></p></blockquote></p><p> <b>Nvidia is about so much more than gaming</b></p><p><blockquote><b>Nvidia不仅仅是游戏</b></blockquote></p><p> The crazy thing about the chipmaker, though, is that gaming isn't even its biggest opportunity. Nvidia has stuck its finger in the pies of&nbsp;artificial intelligence, data centers, and automobiles, too, and those all offer tremendous possibilities.</p><p><blockquote>然而，这家芯片制造商的疯狂之处在于，游戏甚至不是它最大的机会。英伟达也涉足了人工智能、数据中心和汽车领域，这些领域都提供了巨大的可能性。</blockquote></p><p> Chips for data centers, for example, already make billions of dollars each year for Nvidia, with segment revenue soaring 55% year over year in Q3 to $2.9 billion and should grow to&nbsp;become the chipmaker's largest segment&nbsp;by 2025.</p><p><blockquote>例如，用于数据中心的芯片每年已经为英伟达带来数十亿美元的收入，第三季度该部门的收入同比飙升55%，达到29亿美元，到2025年应该会增长成为该芯片制造商最大的部门。</blockquote></p><p> Its $7 billion acquisition of Mellanox last year helped position Nvidia as a leading supplier for networking hardware.</p><p><blockquote>去年以70亿美元收购Mellanox，帮助英伟达成为网络硬件的领先供应商。</blockquote></p><p> The chipmaker is also&nbsp;putting AI to work&nbsp;in the cybersecurity data protection market. Combining its Morpheus framework with its zero-trust BlueField-branded data processing units (DPUs), Nvidia offers a unique level of protection regardless of whether the network is located locally, in the cloud, or in hybrid environments.</p><p><blockquote>这家芯片制造商还将人工智能应用于网络安全数据保护市场。Nvidia将其Morpheus框架与其零信任BlueField品牌的数据处理单元（DPU）相结合，无论网络是位于本地、云中还是混合环境中，都能提供独特的保护级别。</blockquote></p><p> The zero-trust platform requires all users to be authenticated, authorized, and validated before gaining access to applications and data.</p><p><blockquote>零信任平台要求所有用户在访问应用程序和数据之前都要经过身份验证、授权和验证。</blockquote></p><p> We haven't even gotten around to Nvidia's Drive AV platform for&nbsp;autonomous vehicles, or Omniverse, the first real-time 3D simulation and collaboration platform. The cryptocurrency market is also taking advantage of Nvidia's processing power. The Nvidia CMP HX (CMP stands for crypto mining processor) is a dedicated GPU for professional crypto mining applications that lacks video output since it's a superfluous feature. The chips also have a lower peak core voltage and frequency for improved mining power efficiency.</p><p><blockquote>我们甚至还没有接触到Nvidia的自动驾驶汽车Drive AV平台，或者Omniverse，第一个实时3D模拟和协作平台。加密货币市场也在利用英伟达的处理能力。Nvidia CMP HX（CMP代表加密挖掘处理器）是专业加密挖掘应用的专用GPU，缺乏视频输出，因为这是一个多余的功能。这些芯片还具有较低的峰值核心电压和频率，以提高采矿功率效率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09911f3f5072135e602efff6124f292d\" tg-width=\"2000\" tg-height=\"1373\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Time to ring the register</b></p><p><blockquote><b>是时候按收银机了</b></blockquote></p><p></p><p> That's a lot of opportunities to cash in on. Analysts think so, too, and recently upgraded their forecasts to estimate Nvidia will now grow revenue from $16.5 billion in 2021 to $59.4 billion in 2026, a better than 29% compounded annual growth rate. Earnings are expected to&nbsp;grow even faster, or almost 42% annually, to $13 per share.</p><p><blockquote>这是很多赚钱的机会。分析师也这么认为，最近上调了预测，估计英伟达的收入将从2021年的165亿美元增长到2026年的594亿美元，复合年增长率高于29%。盈利预计将增长更快，即每年增长近42%，达到每股13美元。</blockquote></p><p> Yet Nvidia's stock isn't cheap, going for 35 times sales. Maintaining that multiple would put the chipmaker's valuation over the trillion-dollar mark sometime next year, but even halving that only delays it reaching that lofty level till the middle of the decade.</p><p><blockquote>然而，英伟达的股价并不便宜，是销售额的35倍。维持这一市盈率将使这家芯片制造商的估值在明年某个时候突破万亿美元大关，但即使将这一市盈率减半，也只会将其达到这一高水平的时间推迟到本世纪中期。</blockquote></p><p> So it's obvious a trillion-dollar Nvidia valuation will happen. Maybe the real question investors should start thinking about is, when does the&nbsp;semiconductor stock&nbsp;become a&nbsp;<i>$2 trillion</i>&nbsp;company?</p><p><blockquote>因此，很明显，英伟达的估值将会达到万亿美元。也许投资者真正应该开始思考的问题是，半导体股票何时成为<i>2万亿美元</i>公司？</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>Will Nvidia Be a Trillion-Dollar Stock by Next Year?<blockquote>英伟达明年会成为万亿美元股票吗？</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\">\nWill Nvidia Be a Trillion-Dollar Stock by Next Year?<blockquote>英伟达明年会成为万亿美元股票吗？</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\">2021-12-10 21:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It's not a question of if&nbsp;<b>Nvidia</b>&nbsp;will be a trillion-dollar stock, just a matter of when. With the stock up 150% in 2021, the chipmaker has a market valuation of just under $850 billion, which puts the symbolic threshold almost within reach.</p><p><blockquote>这不是如果的问题<b>英伟达</b>将成为万亿美元的股票，只是时间问题。随着该股在2021年上涨150%，这家芯片制造商的市值略低于8500亿美元，这使得象征性的门槛几乎触手可及。</blockquote></p><p> However, because even the&nbsp;<b>S&amp;P 500</b>&nbsp;has posted 25% gains this year, or more than double the historical average, the potential for a sharp decline grows increasingly likely. That, too, is a matter of when, not if.</p><p><blockquote>然而，因为即使是<b>标普500</b>今年涨幅为25%，是历史平均水平的两倍多，大幅下跌的可能性越来越大。这也是一个时间问题，而不是如果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a810eede9d4a8b010dd6d83bdd781be9\" tg-width=\"2000\" tg-height=\"1125\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Ignoring, for the moment, the dramatic plunge that occurred at the onset of the coronavirus pandemic last year, the stock market has been on an incredible years-long tear. Since the end of the&nbsp;Great Recession in 2009, the benchmark index has put on quite the performance by more than quadrupling in value and turning a $10,000 investment into one worth over $42,000 today.</p><p><blockquote>暂时忽略去年冠状病毒大流行爆发时发生的急剧暴跌，股市已经经历了令人难以置信的长达数年的撕裂。自2009年大衰退结束以来，该基准指数表现出色，价值翻了两番多，将10,000美元的投资变成了如今价值超过42,000美元的投资。</blockquote></p><p> A new downdraft will undoubtedly take Nvidia down with it, perhaps delaying the inevitable. Here's what it might look like for the tech stock to have that nine-zero valuation.</p><p><blockquote>新的下行趋势无疑会拖累英伟达，或许会推迟不可避免的事情。以下是科技股估值为九零的情况。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/381746086571d0ddcf0ce971b1b0ea41\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>It's game on for GPUs</b></p><p><blockquote><b>GPU的游戏开始了</b></blockquote></p><p> Nvidia is, of course, best known for its graphics cards, or graphics processing units (GPU), which have&nbsp;made immersive, processing-intensive video games possible&nbsp;and remain at the heart of Nvidia's business, generating 45% of total third-quarter revenue.</p><p><blockquote>当然，Nvidia最出名的是其显卡或图形处理单元(GPU)，它使沉浸式、处理密集型视频游戏成为可能，并且仍然是Nvidia业务的核心，占第三季度总收入的45%。</blockquote></p><p> It's not about to diminish in importance either. First, more people started playing video games during the pandemic, and while many will put their controllers aside as more out-of-home entertainment opportunities open up, many will continue.</p><p><blockquote>它的重要性也不会减弱。首先，更多的人在疫情期间开始玩视频游戏，虽然随着更多户外娱乐机会的出现，许多人会把他们的控制器放在一边，但许多人会继续玩下去。</blockquote></p><p> Citing the impact gamification among millennials has had on the adoption of a virtual world for gamers, Mordor Intelligence estimates the gaming GPU market will grow at a compound annual rate of 14% through 2026. This suggests that Nvidia, which already has an 83% share of the discrete gaming GPU market, might generate as much as $20 billion annually just in this segment if its sales growth rate keeps its pace.</p><p><blockquote>Mordor Intelligence引用了千禧一代的游戏化对游戏玩家采用虚拟世界的影响，估计到2026年，游戏GPU市场将以14%的复合年增长率增长。这表明，英伟达已经占据了独立游戏GPU市场83%的份额，如果其销售增长率保持同步，仅在这一领域每年就可能产生高达200亿美元的收入。</blockquote></p><p> Nvidia is also using AI to make gaming even better and more immersive. Its deep learning super sampling (DLSS) technology uses AI to take low-resolution images and scale them up to high resolutions for display on high-res screens. Add in a nascent but fast-growing esports industry, along with the growth of its&nbsp;GeForce Now&nbsp;cloud gaming service, and this segment still has plenty of expansion possibilities in store for the future.</p><p><blockquote>英伟达也在利用人工智能让游戏变得更好、更身临其境。其深度学习超级采样（DLSS）技术使用人工智能来拍摄低分辨率图像，并将其放大到高分辨率，以便在高分辨率屏幕上显示。再加上新兴但快速增长的电子竞技行业，以及GeForce Now云游戏服务的增长，该细分市场在未来仍有大量扩张的可能性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/548893b4ea766bdde6eb1233864ed440\" tg-width=\"2000\" tg-height=\"1126\" width=\"100%\" height=\"auto\"><span>Image source: Nvidia.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：英伟达。</span></p></blockquote></p><p> <b>Nvidia is about so much more than gaming</b></p><p><blockquote><b>Nvidia不仅仅是游戏</b></blockquote></p><p> The crazy thing about the chipmaker, though, is that gaming isn't even its biggest opportunity. Nvidia has stuck its finger in the pies of&nbsp;artificial intelligence, data centers, and automobiles, too, and those all offer tremendous possibilities.</p><p><blockquote>然而，这家芯片制造商的疯狂之处在于，游戏甚至不是它最大的机会。英伟达也涉足了人工智能、数据中心和汽车领域，这些领域都提供了巨大的可能性。</blockquote></p><p> Chips for data centers, for example, already make billions of dollars each year for Nvidia, with segment revenue soaring 55% year over year in Q3 to $2.9 billion and should grow to&nbsp;become the chipmaker's largest segment&nbsp;by 2025.</p><p><blockquote>例如，用于数据中心的芯片每年已经为英伟达带来数十亿美元的收入，第三季度该部门的收入同比飙升55%，达到29亿美元，到2025年应该会增长成为该芯片制造商最大的部门。</blockquote></p><p> Its $7 billion acquisition of Mellanox last year helped position Nvidia as a leading supplier for networking hardware.</p><p><blockquote>去年以70亿美元收购Mellanox，帮助英伟达成为网络硬件的领先供应商。</blockquote></p><p> The chipmaker is also&nbsp;putting AI to work&nbsp;in the cybersecurity data protection market. Combining its Morpheus framework with its zero-trust BlueField-branded data processing units (DPUs), Nvidia offers a unique level of protection regardless of whether the network is located locally, in the cloud, or in hybrid environments.</p><p><blockquote>这家芯片制造商还将人工智能应用于网络安全数据保护市场。Nvidia将其Morpheus框架与其零信任BlueField品牌的数据处理单元（DPU）相结合，无论网络是位于本地、云中还是混合环境中，都能提供独特的保护级别。</blockquote></p><p> The zero-trust platform requires all users to be authenticated, authorized, and validated before gaining access to applications and data.</p><p><blockquote>零信任平台要求所有用户在访问应用程序和数据之前都要经过身份验证、授权和验证。</blockquote></p><p> We haven't even gotten around to Nvidia's Drive AV platform for&nbsp;autonomous vehicles, or Omniverse, the first real-time 3D simulation and collaboration platform. The cryptocurrency market is also taking advantage of Nvidia's processing power. The Nvidia CMP HX (CMP stands for crypto mining processor) is a dedicated GPU for professional crypto mining applications that lacks video output since it's a superfluous feature. The chips also have a lower peak core voltage and frequency for improved mining power efficiency.</p><p><blockquote>我们甚至还没有接触到Nvidia的自动驾驶汽车Drive AV平台，或者Omniverse，第一个实时3D模拟和协作平台。加密货币市场也在利用英伟达的处理能力。Nvidia CMP HX（CMP代表加密挖掘处理器）是专业加密挖掘应用的专用GPU，缺乏视频输出，因为这是一个多余的功能。这些芯片还具有较低的峰值核心电压和频率，以提高采矿功率效率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09911f3f5072135e602efff6124f292d\" tg-width=\"2000\" tg-height=\"1373\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Time to ring the register</b></p><p><blockquote><b>是时候按收银机了</b></blockquote></p><p></p><p> That's a lot of opportunities to cash in on. Analysts think so, too, and recently upgraded their forecasts to estimate Nvidia will now grow revenue from $16.5 billion in 2021 to $59.4 billion in 2026, a better than 29% compounded annual growth rate. Earnings are expected to&nbsp;grow even faster, or almost 42% annually, to $13 per share.</p><p><blockquote>这是很多赚钱的机会。分析师也这么认为，最近上调了预测，估计英伟达的收入将从2021年的165亿美元增长到2026年的594亿美元，复合年增长率高于29%。盈利预计将增长更快，即每年增长近42%，达到每股13美元。</blockquote></p><p> Yet Nvidia's stock isn't cheap, going for 35 times sales. Maintaining that multiple would put the chipmaker's valuation over the trillion-dollar mark sometime next year, but even halving that only delays it reaching that lofty level till the middle of the decade.</p><p><blockquote>然而，英伟达的股价并不便宜，是销售额的35倍。维持这一市盈率将使这家芯片制造商的估值在明年某个时候突破万亿美元大关，但即使将这一市盈率减半，也只会将其达到这一高水平的时间推迟到本世纪中期。</blockquote></p><p> So it's obvious a trillion-dollar Nvidia valuation will happen. Maybe the real question investors should start thinking about is, when does the&nbsp;semiconductor stock&nbsp;become a&nbsp;<i>$2 trillion</i>&nbsp;company?</p><p><blockquote>因此，很明显，英伟达的估值将会达到万亿美元。也许投资者真正应该开始思考的问题是，半导体股票何时成为<i>2万亿美元</i>公司？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/10/will-nvidia-be-a-trillion-dollar-stock-by-next-yea/\">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":{"NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2021/12/10/will-nvidia-be-a-trillion-dollar-stock-by-next-yea/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144055666","content_text":"It's not a question of if Nvidia will be a trillion-dollar stock, just a matter of when. With the stock up 150% in 2021, the chipmaker has a market valuation of just under $850 billion, which puts the symbolic threshold almost within reach.\nHowever, because even the S&P 500 has posted 25% gains this year, or more than double the historical average, the potential for a sharp decline grows increasingly likely. That, too, is a matter of when, not if.\nImage source: Getty Images.\nIgnoring, for the moment, the dramatic plunge that occurred at the onset of the coronavirus pandemic last year, the stock market has been on an incredible years-long tear. Since the end of the Great Recession in 2009, the benchmark index has put on quite the performance by more than quadrupling in value and turning a $10,000 investment into one worth over $42,000 today.\nA new downdraft will undoubtedly take Nvidia down with it, perhaps delaying the inevitable. Here's what it might look like for the tech stock to have that nine-zero valuation.\nImage source: Getty Images.\nIt's game on for GPUs\nNvidia is, of course, best known for its graphics cards, or graphics processing units (GPU), which have made immersive, processing-intensive video games possible and remain at the heart of Nvidia's business, generating 45% of total third-quarter revenue.\nIt's not about to diminish in importance either. First, more people started playing video games during the pandemic, and while many will put their controllers aside as more out-of-home entertainment opportunities open up, many will continue.\nCiting the impact gamification among millennials has had on the adoption of a virtual world for gamers, Mordor Intelligence estimates the gaming GPU market will grow at a compound annual rate of 14% through 2026. This suggests that Nvidia, which already has an 83% share of the discrete gaming GPU market, might generate as much as $20 billion annually just in this segment if its sales growth rate keeps its pace.\nNvidia is also using AI to make gaming even better and more immersive. Its deep learning super sampling (DLSS) technology uses AI to take low-resolution images and scale them up to high resolutions for display on high-res screens. Add in a nascent but fast-growing esports industry, along with the growth of its GeForce Now cloud gaming service, and this segment still has plenty of expansion possibilities in store for the future.\nImage source: Nvidia.\nNvidia is about so much more than gaming\nThe crazy thing about the chipmaker, though, is that gaming isn't even its biggest opportunity. Nvidia has stuck its finger in the pies of artificial intelligence, data centers, and automobiles, too, and those all offer tremendous possibilities.\nChips for data centers, for example, already make billions of dollars each year for Nvidia, with segment revenue soaring 55% year over year in Q3 to $2.9 billion and should grow to become the chipmaker's largest segment by 2025.\nIts $7 billion acquisition of Mellanox last year helped position Nvidia as a leading supplier for networking hardware.\nThe chipmaker is also putting AI to work in the cybersecurity data protection market. Combining its Morpheus framework with its zero-trust BlueField-branded data processing units (DPUs), Nvidia offers a unique level of protection regardless of whether the network is located locally, in the cloud, or in hybrid environments.\nThe zero-trust platform requires all users to be authenticated, authorized, and validated before gaining access to applications and data.\nWe haven't even gotten around to Nvidia's Drive AV platform for autonomous vehicles, or Omniverse, the first real-time 3D simulation and collaboration platform. The cryptocurrency market is also taking advantage of Nvidia's processing power. The Nvidia CMP HX (CMP stands for crypto mining processor) is a dedicated GPU for professional crypto mining applications that lacks video output since it's a superfluous feature. The chips also have a lower peak core voltage and frequency for improved mining power efficiency.\nImage source: Getty Images.\nTime to ring the register\nThat's a lot of opportunities to cash in on. Analysts think so, too, and recently upgraded their forecasts to estimate Nvidia will now grow revenue from $16.5 billion in 2021 to $59.4 billion in 2026, a better than 29% compounded annual growth rate. Earnings are expected to grow even faster, or almost 42% annually, to $13 per share.\nYet Nvidia's stock isn't cheap, going for 35 times sales. Maintaining that multiple would put the chipmaker's valuation over the trillion-dollar mark sometime next year, but even halving that only delays it reaching that lofty level till the middle of the decade.\nSo it's obvious a trillion-dollar Nvidia valuation will happen. Maybe the real question investors should start thinking about is, when does the semiconductor stock become a $2 trillion company?","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":1530,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605848173,"gmtCreate":1639148058186,"gmtModify":1639148160039,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Yes I think so","listText":"Yes I think so","text":"Yes I think so","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/605848173","repostId":"1144055666","repostType":4,"repost":{"id":"1144055666","kind":"news","pubTimestamp":1639142986,"share":"https://www.laohu8.com/m/news/1144055666?lang=zh_CN&edition=full","pubTime":"2021-12-10 21:29","market":"us","language":"en","title":"Will Nvidia Be a Trillion-Dollar Stock by Next Year?<blockquote>英伟达明年会成为万亿美元股票吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144055666","media":"Motley Fool","summary":"The graphics chipmaker has the seven-zero valuation in its sights.","content":"<p>It's not a question of if&nbsp;<b>Nvidia</b>&nbsp;will be a trillion-dollar stock, just a matter of when. With the stock up 150% in 2021, the chipmaker has a market valuation of just under $850 billion, which puts the symbolic threshold almost within reach.</p><p><blockquote>这不是如果的问题<b>英伟达</b>将成为万亿美元的股票，只是时间问题。随着该股在2021年上涨150%，这家芯片制造商的市值略低于8500亿美元，这使得象征性的门槛几乎触手可及。</blockquote></p><p> However, because even the&nbsp;<b>S&amp;P 500</b>&nbsp;has posted 25% gains this year, or more than double the historical average, the potential for a sharp decline grows increasingly likely. That, too, is a matter of when, not if.</p><p><blockquote>然而，因为即使是<b>标普500</b>今年涨幅为25%，是历史平均水平的两倍多，大幅下跌的可能性越来越大。这也是一个时间问题，而不是如果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a810eede9d4a8b010dd6d83bdd781be9\" tg-width=\"2000\" tg-height=\"1125\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Ignoring, for the moment, the dramatic plunge that occurred at the onset of the coronavirus pandemic last year, the stock market has been on an incredible years-long tear. Since the end of the&nbsp;Great Recession in 2009, the benchmark index has put on quite the performance by more than quadrupling in value and turning a $10,000 investment into one worth over $42,000 today.</p><p><blockquote>暂时忽略去年冠状病毒大流行爆发时发生的急剧暴跌，股市已经经历了令人难以置信的长达数年的撕裂。自2009年大衰退结束以来，该基准指数表现出色，价值翻了两番多，将10,000美元的投资变成了如今价值超过42,000美元的投资。</blockquote></p><p> A new downdraft will undoubtedly take Nvidia down with it, perhaps delaying the inevitable. Here's what it might look like for the tech stock to have that nine-zero valuation.</p><p><blockquote>新的下行趋势无疑会拖累英伟达，或许会推迟不可避免的事情。以下是科技股估值为九零的情况。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/381746086571d0ddcf0ce971b1b0ea41\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>It's game on for GPUs</b></p><p><blockquote><b>GPU的游戏开始了</b></blockquote></p><p> Nvidia is, of course, best known for its graphics cards, or graphics processing units (GPU), which have&nbsp;made immersive, processing-intensive video games possible&nbsp;and remain at the heart of Nvidia's business, generating 45% of total third-quarter revenue.</p><p><blockquote>当然，Nvidia最出名的是其显卡或图形处理单元(GPU)，它使沉浸式、处理密集型视频游戏成为可能，并且仍然是Nvidia业务的核心，占第三季度总收入的45%。</blockquote></p><p> It's not about to diminish in importance either. First, more people started playing video games during the pandemic, and while many will put their controllers aside as more out-of-home entertainment opportunities open up, many will continue.</p><p><blockquote>它的重要性也不会减弱。首先，更多的人在疫情期间开始玩视频游戏，虽然随着更多户外娱乐机会的出现，许多人会把他们的控制器放在一边，但许多人会继续玩下去。</blockquote></p><p> Citing the impact gamification among millennials has had on the adoption of a virtual world for gamers, Mordor Intelligence estimates the gaming GPU market will grow at a compound annual rate of 14% through 2026. This suggests that Nvidia, which already has an 83% share of the discrete gaming GPU market, might generate as much as $20 billion annually just in this segment if its sales growth rate keeps its pace.</p><p><blockquote>Mordor Intelligence引用了千禧一代的游戏化对游戏玩家采用虚拟世界的影响，估计到2026年，游戏GPU市场将以14%的复合年增长率增长。这表明，英伟达已经占据了独立游戏GPU市场83%的份额，如果其销售增长率保持同步，仅在这一领域每年就可能产生高达200亿美元的收入。</blockquote></p><p> Nvidia is also using AI to make gaming even better and more immersive. Its deep learning super sampling (DLSS) technology uses AI to take low-resolution images and scale them up to high resolutions for display on high-res screens. Add in a nascent but fast-growing esports industry, along with the growth of its&nbsp;GeForce Now&nbsp;cloud gaming service, and this segment still has plenty of expansion possibilities in store for the future.</p><p><blockquote>英伟达也在利用人工智能让游戏变得更好、更身临其境。其深度学习超级采样（DLSS）技术使用人工智能来拍摄低分辨率图像，并将其放大到高分辨率，以便在高分辨率屏幕上显示。再加上新兴但快速增长的电子竞技行业，以及GeForce Now云游戏服务的增长，该细分市场在未来仍有大量扩张的可能性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/548893b4ea766bdde6eb1233864ed440\" tg-width=\"2000\" tg-height=\"1126\" width=\"100%\" height=\"auto\"><span>Image source: Nvidia.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：英伟达。</span></p></blockquote></p><p> <b>Nvidia is about so much more than gaming</b></p><p><blockquote><b>Nvidia不仅仅是游戏</b></blockquote></p><p> The crazy thing about the chipmaker, though, is that gaming isn't even its biggest opportunity. Nvidia has stuck its finger in the pies of&nbsp;artificial intelligence, data centers, and automobiles, too, and those all offer tremendous possibilities.</p><p><blockquote>然而，这家芯片制造商的疯狂之处在于，游戏甚至不是它最大的机会。英伟达也涉足了人工智能、数据中心和汽车领域，这些领域都提供了巨大的可能性。</blockquote></p><p> Chips for data centers, for example, already make billions of dollars each year for Nvidia, with segment revenue soaring 55% year over year in Q3 to $2.9 billion and should grow to&nbsp;become the chipmaker's largest segment&nbsp;by 2025.</p><p><blockquote>例如，用于数据中心的芯片每年已经为英伟达带来数十亿美元的收入，第三季度该部门的收入同比飙升55%，达到29亿美元，到2025年应该会增长成为该芯片制造商最大的部门。</blockquote></p><p> Its $7 billion acquisition of Mellanox last year helped position Nvidia as a leading supplier for networking hardware.</p><p><blockquote>去年以70亿美元收购Mellanox，帮助英伟达成为网络硬件的领先供应商。</blockquote></p><p> The chipmaker is also&nbsp;putting AI to work&nbsp;in the cybersecurity data protection market. Combining its Morpheus framework with its zero-trust BlueField-branded data processing units (DPUs), Nvidia offers a unique level of protection regardless of whether the network is located locally, in the cloud, or in hybrid environments.</p><p><blockquote>这家芯片制造商还将人工智能应用于网络安全数据保护市场。Nvidia将其Morpheus框架与其零信任BlueField品牌的数据处理单元（DPU）相结合，无论网络是位于本地、云中还是混合环境中，都能提供独特的保护级别。</blockquote></p><p> The zero-trust platform requires all users to be authenticated, authorized, and validated before gaining access to applications and data.</p><p><blockquote>零信任平台要求所有用户在访问应用程序和数据之前都要经过身份验证、授权和验证。</blockquote></p><p> We haven't even gotten around to Nvidia's Drive AV platform for&nbsp;autonomous vehicles, or Omniverse, the first real-time 3D simulation and collaboration platform. The cryptocurrency market is also taking advantage of Nvidia's processing power. The Nvidia CMP HX (CMP stands for crypto mining processor) is a dedicated GPU for professional crypto mining applications that lacks video output since it's a superfluous feature. The chips also have a lower peak core voltage and frequency for improved mining power efficiency.</p><p><blockquote>我们甚至还没有接触到Nvidia的自动驾驶汽车Drive AV平台，或者Omniverse，第一个实时3D模拟和协作平台。加密货币市场也在利用英伟达的处理能力。Nvidia CMP HX（CMP代表加密挖掘处理器）是专业加密挖掘应用的专用GPU，缺乏视频输出，因为这是一个多余的功能。这些芯片还具有较低的峰值核心电压和频率，以提高采矿功率效率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09911f3f5072135e602efff6124f292d\" tg-width=\"2000\" tg-height=\"1373\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Time to ring the register</b></p><p><blockquote><b>是时候按收银机了</b></blockquote></p><p></p><p> That's a lot of opportunities to cash in on. Analysts think so, too, and recently upgraded their forecasts to estimate Nvidia will now grow revenue from $16.5 billion in 2021 to $59.4 billion in 2026, a better than 29% compounded annual growth rate. Earnings are expected to&nbsp;grow even faster, or almost 42% annually, to $13 per share.</p><p><blockquote>这是很多赚钱的机会。分析师也这么认为，最近上调了预测，估计英伟达的收入将从2021年的165亿美元增长到2026年的594亿美元，复合年增长率高于29%。盈利预计将增长更快，即每年增长近42%，达到每股13美元。</blockquote></p><p> Yet Nvidia's stock isn't cheap, going for 35 times sales. Maintaining that multiple would put the chipmaker's valuation over the trillion-dollar mark sometime next year, but even halving that only delays it reaching that lofty level till the middle of the decade.</p><p><blockquote>然而，英伟达的股价并不便宜，是销售额的35倍。维持这一市盈率将使这家芯片制造商的估值在明年某个时候突破万亿美元大关，但即使将这一市盈率减半，也只会将其达到这一高水平的时间推迟到本世纪中期。</blockquote></p><p> So it's obvious a trillion-dollar Nvidia valuation will happen. Maybe the real question investors should start thinking about is, when does the&nbsp;semiconductor stock&nbsp;become a&nbsp;<i>$2 trillion</i>&nbsp;company?</p><p><blockquote>因此，很明显，英伟达的估值将会达到万亿美元。也许投资者真正应该开始思考的问题是，半导体股票何时成为<i>2万亿美元</i>公司？</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>Will Nvidia Be a Trillion-Dollar Stock by Next Year?<blockquote>英伟达明年会成为万亿美元股票吗？</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\">\nWill Nvidia Be a Trillion-Dollar Stock by Next Year?<blockquote>英伟达明年会成为万亿美元股票吗？</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\">2021-12-10 21:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It's not a question of if&nbsp;<b>Nvidia</b>&nbsp;will be a trillion-dollar stock, just a matter of when. With the stock up 150% in 2021, the chipmaker has a market valuation of just under $850 billion, which puts the symbolic threshold almost within reach.</p><p><blockquote>这不是如果的问题<b>英伟达</b>将成为万亿美元的股票，只是时间问题。随着该股在2021年上涨150%，这家芯片制造商的市值略低于8500亿美元，这使得象征性的门槛几乎触手可及。</blockquote></p><p> However, because even the&nbsp;<b>S&amp;P 500</b>&nbsp;has posted 25% gains this year, or more than double the historical average, the potential for a sharp decline grows increasingly likely. That, too, is a matter of when, not if.</p><p><blockquote>然而，因为即使是<b>标普500</b>今年涨幅为25%，是历史平均水平的两倍多，大幅下跌的可能性越来越大。这也是一个时间问题，而不是如果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a810eede9d4a8b010dd6d83bdd781be9\" tg-width=\"2000\" tg-height=\"1125\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Ignoring, for the moment, the dramatic plunge that occurred at the onset of the coronavirus pandemic last year, the stock market has been on an incredible years-long tear. Since the end of the&nbsp;Great Recession in 2009, the benchmark index has put on quite the performance by more than quadrupling in value and turning a $10,000 investment into one worth over $42,000 today.</p><p><blockquote>暂时忽略去年冠状病毒大流行爆发时发生的急剧暴跌，股市已经经历了令人难以置信的长达数年的撕裂。自2009年大衰退结束以来，该基准指数表现出色，价值翻了两番多，将10,000美元的投资变成了如今价值超过42,000美元的投资。</blockquote></p><p> A new downdraft will undoubtedly take Nvidia down with it, perhaps delaying the inevitable. Here's what it might look like for the tech stock to have that nine-zero valuation.</p><p><blockquote>新的下行趋势无疑会拖累英伟达，或许会推迟不可避免的事情。以下是科技股估值为九零的情况。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/381746086571d0ddcf0ce971b1b0ea41\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>It's game on for GPUs</b></p><p><blockquote><b>GPU的游戏开始了</b></blockquote></p><p> Nvidia is, of course, best known for its graphics cards, or graphics processing units (GPU), which have&nbsp;made immersive, processing-intensive video games possible&nbsp;and remain at the heart of Nvidia's business, generating 45% of total third-quarter revenue.</p><p><blockquote>当然，Nvidia最出名的是其显卡或图形处理单元(GPU)，它使沉浸式、处理密集型视频游戏成为可能，并且仍然是Nvidia业务的核心，占第三季度总收入的45%。</blockquote></p><p> It's not about to diminish in importance either. First, more people started playing video games during the pandemic, and while many will put their controllers aside as more out-of-home entertainment opportunities open up, many will continue.</p><p><blockquote>它的重要性也不会减弱。首先，更多的人在疫情期间开始玩视频游戏，虽然随着更多户外娱乐机会的出现，许多人会把他们的控制器放在一边，但许多人会继续玩下去。</blockquote></p><p> Citing the impact gamification among millennials has had on the adoption of a virtual world for gamers, Mordor Intelligence estimates the gaming GPU market will grow at a compound annual rate of 14% through 2026. This suggests that Nvidia, which already has an 83% share of the discrete gaming GPU market, might generate as much as $20 billion annually just in this segment if its sales growth rate keeps its pace.</p><p><blockquote>Mordor Intelligence引用了千禧一代的游戏化对游戏玩家采用虚拟世界的影响，估计到2026年，游戏GPU市场将以14%的复合年增长率增长。这表明，英伟达已经占据了独立游戏GPU市场83%的份额，如果其销售增长率保持同步，仅在这一领域每年就可能产生高达200亿美元的收入。</blockquote></p><p> Nvidia is also using AI to make gaming even better and more immersive. Its deep learning super sampling (DLSS) technology uses AI to take low-resolution images and scale them up to high resolutions for display on high-res screens. Add in a nascent but fast-growing esports industry, along with the growth of its&nbsp;GeForce Now&nbsp;cloud gaming service, and this segment still has plenty of expansion possibilities in store for the future.</p><p><blockquote>英伟达也在利用人工智能让游戏变得更好、更身临其境。其深度学习超级采样（DLSS）技术使用人工智能来拍摄低分辨率图像，并将其放大到高分辨率，以便在高分辨率屏幕上显示。再加上新兴但快速增长的电子竞技行业，以及GeForce Now云游戏服务的增长，该细分市场在未来仍有大量扩张的可能性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/548893b4ea766bdde6eb1233864ed440\" tg-width=\"2000\" tg-height=\"1126\" width=\"100%\" height=\"auto\"><span>Image source: Nvidia.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：英伟达。</span></p></blockquote></p><p> <b>Nvidia is about so much more than gaming</b></p><p><blockquote><b>Nvidia不仅仅是游戏</b></blockquote></p><p> The crazy thing about the chipmaker, though, is that gaming isn't even its biggest opportunity. Nvidia has stuck its finger in the pies of&nbsp;artificial intelligence, data centers, and automobiles, too, and those all offer tremendous possibilities.</p><p><blockquote>然而，这家芯片制造商的疯狂之处在于，游戏甚至不是它最大的机会。英伟达也涉足了人工智能、数据中心和汽车领域，这些领域都提供了巨大的可能性。</blockquote></p><p> Chips for data centers, for example, already make billions of dollars each year for Nvidia, with segment revenue soaring 55% year over year in Q3 to $2.9 billion and should grow to&nbsp;become the chipmaker's largest segment&nbsp;by 2025.</p><p><blockquote>例如，用于数据中心的芯片每年已经为英伟达带来数十亿美元的收入，第三季度该部门的收入同比飙升55%，达到29亿美元，到2025年应该会增长成为该芯片制造商最大的部门。</blockquote></p><p> Its $7 billion acquisition of Mellanox last year helped position Nvidia as a leading supplier for networking hardware.</p><p><blockquote>去年以70亿美元收购Mellanox，帮助英伟达成为网络硬件的领先供应商。</blockquote></p><p> The chipmaker is also&nbsp;putting AI to work&nbsp;in the cybersecurity data protection market. Combining its Morpheus framework with its zero-trust BlueField-branded data processing units (DPUs), Nvidia offers a unique level of protection regardless of whether the network is located locally, in the cloud, or in hybrid environments.</p><p><blockquote>这家芯片制造商还将人工智能应用于网络安全数据保护市场。Nvidia将其Morpheus框架与其零信任BlueField品牌的数据处理单元（DPU）相结合，无论网络是位于本地、云中还是混合环境中，都能提供独特的保护级别。</blockquote></p><p> The zero-trust platform requires all users to be authenticated, authorized, and validated before gaining access to applications and data.</p><p><blockquote>零信任平台要求所有用户在访问应用程序和数据之前都要经过身份验证、授权和验证。</blockquote></p><p> We haven't even gotten around to Nvidia's Drive AV platform for&nbsp;autonomous vehicles, or Omniverse, the first real-time 3D simulation and collaboration platform. The cryptocurrency market is also taking advantage of Nvidia's processing power. The Nvidia CMP HX (CMP stands for crypto mining processor) is a dedicated GPU for professional crypto mining applications that lacks video output since it's a superfluous feature. The chips also have a lower peak core voltage and frequency for improved mining power efficiency.</p><p><blockquote>我们甚至还没有接触到Nvidia的自动驾驶汽车Drive AV平台，或者Omniverse，第一个实时3D模拟和协作平台。加密货币市场也在利用英伟达的处理能力。Nvidia CMP HX（CMP代表加密挖掘处理器）是专业加密挖掘应用的专用GPU，缺乏视频输出，因为这是一个多余的功能。这些芯片还具有较低的峰值核心电压和频率，以提高采矿功率效率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09911f3f5072135e602efff6124f292d\" tg-width=\"2000\" tg-height=\"1373\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Time to ring the register</b></p><p><blockquote><b>是时候按收银机了</b></blockquote></p><p></p><p> That's a lot of opportunities to cash in on. Analysts think so, too, and recently upgraded their forecasts to estimate Nvidia will now grow revenue from $16.5 billion in 2021 to $59.4 billion in 2026, a better than 29% compounded annual growth rate. Earnings are expected to&nbsp;grow even faster, or almost 42% annually, to $13 per share.</p><p><blockquote>这是很多赚钱的机会。分析师也这么认为，最近上调了预测，估计英伟达的收入将从2021年的165亿美元增长到2026年的594亿美元，复合年增长率高于29%。盈利预计将增长更快，即每年增长近42%，达到每股13美元。</blockquote></p><p> Yet Nvidia's stock isn't cheap, going for 35 times sales. Maintaining that multiple would put the chipmaker's valuation over the trillion-dollar mark sometime next year, but even halving that only delays it reaching that lofty level till the middle of the decade.</p><p><blockquote>然而，英伟达的股价并不便宜，是销售额的35倍。维持这一市盈率将使这家芯片制造商的估值在明年某个时候突破万亿美元大关，但即使将这一市盈率减半，也只会将其达到这一高水平的时间推迟到本世纪中期。</blockquote></p><p> So it's obvious a trillion-dollar Nvidia valuation will happen. Maybe the real question investors should start thinking about is, when does the&nbsp;semiconductor stock&nbsp;become a&nbsp;<i>$2 trillion</i>&nbsp;company?</p><p><blockquote>因此，很明显，英伟达的估值将会达到万亿美元。也许投资者真正应该开始思考的问题是，半导体股票何时成为<i>2万亿美元</i>公司？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/10/will-nvidia-be-a-trillion-dollar-stock-by-next-yea/\">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":{"NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2021/12/10/will-nvidia-be-a-trillion-dollar-stock-by-next-yea/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144055666","content_text":"It's not a question of if Nvidia will be a trillion-dollar stock, just a matter of when. With the stock up 150% in 2021, the chipmaker has a market valuation of just under $850 billion, which puts the symbolic threshold almost within reach.\nHowever, because even the S&P 500 has posted 25% gains this year, or more than double the historical average, the potential for a sharp decline grows increasingly likely. That, too, is a matter of when, not if.\nImage source: Getty Images.\nIgnoring, for the moment, the dramatic plunge that occurred at the onset of the coronavirus pandemic last year, the stock market has been on an incredible years-long tear. Since the end of the Great Recession in 2009, the benchmark index has put on quite the performance by more than quadrupling in value and turning a $10,000 investment into one worth over $42,000 today.\nA new downdraft will undoubtedly take Nvidia down with it, perhaps delaying the inevitable. Here's what it might look like for the tech stock to have that nine-zero valuation.\nImage source: Getty Images.\nIt's game on for GPUs\nNvidia is, of course, best known for its graphics cards, or graphics processing units (GPU), which have made immersive, processing-intensive video games possible and remain at the heart of Nvidia's business, generating 45% of total third-quarter revenue.\nIt's not about to diminish in importance either. First, more people started playing video games during the pandemic, and while many will put their controllers aside as more out-of-home entertainment opportunities open up, many will continue.\nCiting the impact gamification among millennials has had on the adoption of a virtual world for gamers, Mordor Intelligence estimates the gaming GPU market will grow at a compound annual rate of 14% through 2026. This suggests that Nvidia, which already has an 83% share of the discrete gaming GPU market, might generate as much as $20 billion annually just in this segment if its sales growth rate keeps its pace.\nNvidia is also using AI to make gaming even better and more immersive. Its deep learning super sampling (DLSS) technology uses AI to take low-resolution images and scale them up to high resolutions for display on high-res screens. Add in a nascent but fast-growing esports industry, along with the growth of its GeForce Now cloud gaming service, and this segment still has plenty of expansion possibilities in store for the future.\nImage source: Nvidia.\nNvidia is about so much more than gaming\nThe crazy thing about the chipmaker, though, is that gaming isn't even its biggest opportunity. Nvidia has stuck its finger in the pies of artificial intelligence, data centers, and automobiles, too, and those all offer tremendous possibilities.\nChips for data centers, for example, already make billions of dollars each year for Nvidia, with segment revenue soaring 55% year over year in Q3 to $2.9 billion and should grow to become the chipmaker's largest segment by 2025.\nIts $7 billion acquisition of Mellanox last year helped position Nvidia as a leading supplier for networking hardware.\nThe chipmaker is also putting AI to work in the cybersecurity data protection market. Combining its Morpheus framework with its zero-trust BlueField-branded data processing units (DPUs), Nvidia offers a unique level of protection regardless of whether the network is located locally, in the cloud, or in hybrid environments.\nThe zero-trust platform requires all users to be authenticated, authorized, and validated before gaining access to applications and data.\nWe haven't even gotten around to Nvidia's Drive AV platform for autonomous vehicles, or Omniverse, the first real-time 3D simulation and collaboration platform. The cryptocurrency market is also taking advantage of Nvidia's processing power. The Nvidia CMP HX (CMP stands for crypto mining processor) is a dedicated GPU for professional crypto mining applications that lacks video output since it's a superfluous feature. The chips also have a lower peak core voltage and frequency for improved mining power efficiency.\nImage source: Getty Images.\nTime to ring the register\nThat's a lot of opportunities to cash in on. Analysts think so, too, and recently upgraded their forecasts to estimate Nvidia will now grow revenue from $16.5 billion in 2021 to $59.4 billion in 2026, a better than 29% compounded annual growth rate. Earnings are expected to grow even faster, or almost 42% annually, to $13 per share.\nYet Nvidia's stock isn't cheap, going for 35 times sales. Maintaining that multiple would put the chipmaker's valuation over the trillion-dollar mark sometime next year, but even halving that only delays it reaching that lofty level till the middle of the decade.\nSo it's obvious a trillion-dollar Nvidia valuation will happen. Maybe the real question investors should start thinking about is, when does the semiconductor stock become a $2 trillion company?","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":2928,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601543759,"gmtCreate":1638544003978,"gmtModify":1638544003978,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Waiting&nbsp;","listText":"Waiting&nbsp;","text":"Waiting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/601543759","repostId":"1175699025","repostType":4,"repost":{"id":"1175699025","kind":"news","pubTimestamp":1638535445,"share":"https://www.laohu8.com/m/news/1175699025?lang=zh_CN&edition=full","pubTime":"2021-12-03 20:44","market":"us","language":"en","title":"Nvidia’s Purchase of Arm Is (Likely) Dead. What Comes Next?<blockquote>英伟达对Arm的收购（很可能）已经胎死腹中。接下来会发生什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175699025","media":"Barrons","summary":"Nvidia‘s $40 billion purchase of Arm—heralded as the biggest deal in the history of the semiconducto","content":"<p>Nvidia‘s $40 billion purchase of Arm—heralded as the biggest deal in the history of the semiconductor industry—looks dead in the water.</p><p><blockquote>英伟达以400亿美元收购Arm的交易——被誉为半导体行业历史上最大的交易——看起来已经泡汤了。</blockquote></p><p> The Federal Trade Commission sued to block the deal Thursday, citing competition concerns and all but killing the prospect of Nvidia (ticker: NVDA) taking over control of the leading chip designer from&nbsp;SoftBank&nbsp;(SFTBY). And while Nvidia has vowed to press ahead, the transaction faces further scrutiny in Europe and China.</p><p><blockquote>美国联邦贸易委员会周四提起诉讼，要求阻止该交易，理由是竞争担忧，并且几乎扼杀了英伟达（股票代码：NVDA）从软银（SFTBY）手中接管这家领先芯片设计公司的前景。尽管英伟达发誓要继续推进，但该交易在欧洲和中国面临进一步审查。</blockquote></p><p> So what comes next?</p><p><blockquote>那么接下来会发生什么？</blockquote></p><p> Following news of the FTC’s hammer-blow, analysts at Citibank slashed the probability of the deal going through to 5% from 30%. The chances used to be slim. Now they’re very slim.</p><p><blockquote>在联邦贸易委员会重拳出击的消息传出后，花旗银行分析师将交易通过的可能性从30%下调至5%。以前机会很小。现在它们非常苗条。</blockquote></p><p> “Nobody thinks this is going to close,” Stacy Rasgon, an analyst at Bernstein Research, told MarketWatch Thursday. “The stock didn’t even bobble when the news came out.”</p><p><blockquote>伯恩斯坦研究公司(Bernstein Research)分析师斯泰西·拉斯贡(Stacy Rasgon)周四对MarketWatch表示：“没有人认为这会结束。”“当消息传出时，该股甚至没有下跌。”</blockquote></p><p> That underscores the fact that analysts have been pessimistic about this for a while.</p><p><blockquote>这凸显了分析师对此持悲观态度已有一段时间的事实。</blockquote></p><p> Last month, Wedbush analyst Matt Bryson outlined how the broker and investment bank continued to believe the proposed coupling wouldn’t be approved. He cited not just regulatory pressure in the U.S., but also China.</p><p><blockquote>上个月，Wedbush分析师马特·布赖森(Matt Bryson)概述了该经纪商和投资银行如何仍然认为拟议的耦合不会获得批准。他不仅提到了美国的监管压力，还提到了中国的监管压力。</blockquote></p><p> “Any concerns about the Arm acquisition closing seem to be having little impact on the stock,” Bryson said at the time. “A lack of an Arm acquisition might have little impact on Nvidia’s momentum.”</p><p><blockquote>布赖森当时表示：“对Arm收购完成的任何担忧似乎对该股影响不大。”“没有收购Arm可能对英伟达的势头影响不大。”</blockquote></p><p> Remember: the metaverse, and the potentially lucrative future in virtual worlds that Nvidia is helping create, wasn’t a consideration for investors when the Arm deal was announced.</p><p><blockquote>请记住：当宣布Arm交易时，投资者并没有考虑元宇宙以及英伟达正在帮助创造的虚拟世界中潜在的利润丰厚的未来。</blockquote></p><p> Since then, Nvidia’s stock has climbed a staggering 165%, from around $120 a share to $320, on the back of a wave of growth optimism covering data centers and cloud computing, artificial intelligence, and, of course, the metaverse.</p><p><blockquote>从那时起，在涵盖数据中心和云计算、人工智能，当然还有元宇宙的增长乐观浪潮的推动下，英伟达的股价上涨了惊人的165%，从每股120美元左右上涨至320美元。</blockquote></p><p> But it’s not over ‘til it’s over. The deal is still alive, barely, for now.</p><p><blockquote>但直到结束才算结束。目前，这笔交易仍然有效，勉强有效。</blockquote></p><p> The thrust of the concerns from the FTC and other regulators is that Arm’s neutrality in the chip industry would be compromised under Nvidia’s ownership. Arm licenses intellectual property to the likes of&nbsp;Apple&nbsp;(AAPL),Amazon&nbsp;(AMZN),Qualcomm&nbsp;(QCOM) and others.</p><p><blockquote>联邦贸易委员会和其他监管机构担忧的主旨是，在英伟达的所有权下，Arm在芯片行业的中立性将受到损害。Arm将知识产权授权给苹果(AAPL)、亚马逊(AMZN)、高通(QCOM)等公司。</blockquote></p><p> If Nvidia owns Arm, the competition concerns go, then it would have access to competitively sensitive information about Arm’s clients, and Arm would be unlikely to pursue innovations that challenge Nvidia’s interests.</p><p><blockquote>如果英伟达拥有Arm，竞争担忧就会消失，那么它将能够获得有关Arm客户的竞争敏感信息，而Arm不太可能追求挑战英伟达利益的创新。</blockquote></p><p> Can these concerns really be addressed?</p><p><blockquote>这些担忧真的能得到解决吗？</blockquote></p><p> “We view a potential path forward if Nvidia can present remedies that, among other options, might include creating a ‘Chinese Wall’ between the research and development engine and Arm business contracts in order to ease the regulatory antitrust concerns,” Citibank analysts Atif Malik and Amanda Scarnati said.</p><p><blockquote>花旗银行分析师Atif表示：“如果英伟达能够提出补救措施，我们认为这是一条潜在的前进道路，其中包括在研发引擎和Arm业务合同之间建立一堵‘中国墙’，以缓解监管反垄断担忧。”马利克和阿曼达·斯卡纳蒂说道。</blockquote></p><p> A dead deal is likely to hurt SoftBank the most. While the Japanese technology investor would get to keep the $2 billion Nvidia paid up front, which includes a $1.25 billion breakup fee, the $40 billion ticket price actually represented a whole lot more.</p><p><blockquote>一笔死交易对软银的伤害可能最大。虽然这家日本科技投资者将保留英伟达预先支付的20亿美元，其中包括12.5亿美元的分手费，但400亿美元的票价实际上意味着更多。</blockquote></p><p> That $40 billion figure included what, at the time, was 44.3 million Nvidia shares valued at some $21.5 billion. Since then, Nvidia’s stock has torn higher, making the stock part of a cash-and-stock deal a lot more lucrative.</p><p><blockquote>这400亿美元的数字包括当时4430万股Nvidia股票，价值约215亿美元。此后，英伟达的股价一路走高，使得现金加股票交易的股票利润更高。</blockquote></p><p> Nvidia stock was 0.8% lower in premarket trading Friday, slightly outpacing declines in Nasdaq 100 futures.</p><p><blockquote>周五盘前交易中，英伟达股价下跌0.8%，略高于纳斯达克100指数期货的跌幅。</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>Nvidia’s Purchase of Arm Is (Likely) Dead. What Comes Next?<blockquote>英伟达对Arm的收购（很可能）已经胎死腹中。接下来会发生什么？</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\">\nNvidia’s Purchase of Arm Is (Likely) Dead. What Comes Next?<blockquote>英伟达对Arm的收购（很可能）已经胎死腹中。接下来会发生什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-03 20:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Nvidia‘s $40 billion purchase of Arm—heralded as the biggest deal in the history of the semiconductor industry—looks dead in the water.</p><p><blockquote>英伟达以400亿美元收购Arm的交易——被誉为半导体行业历史上最大的交易——看起来已经泡汤了。</blockquote></p><p> The Federal Trade Commission sued to block the deal Thursday, citing competition concerns and all but killing the prospect of Nvidia (ticker: NVDA) taking over control of the leading chip designer from&nbsp;SoftBank&nbsp;(SFTBY). And while Nvidia has vowed to press ahead, the transaction faces further scrutiny in Europe and China.</p><p><blockquote>美国联邦贸易委员会周四提起诉讼，要求阻止该交易，理由是竞争担忧，并且几乎扼杀了英伟达（股票代码：NVDA）从软银（SFTBY）手中接管这家领先芯片设计公司的前景。尽管英伟达发誓要继续推进，但该交易在欧洲和中国面临进一步审查。</blockquote></p><p> So what comes next?</p><p><blockquote>那么接下来会发生什么？</blockquote></p><p> Following news of the FTC’s hammer-blow, analysts at Citibank slashed the probability of the deal going through to 5% from 30%. The chances used to be slim. Now they’re very slim.</p><p><blockquote>在联邦贸易委员会重拳出击的消息传出后，花旗银行分析师将交易通过的可能性从30%下调至5%。以前机会很小。现在它们非常苗条。</blockquote></p><p> “Nobody thinks this is going to close,” Stacy Rasgon, an analyst at Bernstein Research, told MarketWatch Thursday. “The stock didn’t even bobble when the news came out.”</p><p><blockquote>伯恩斯坦研究公司(Bernstein Research)分析师斯泰西·拉斯贡(Stacy Rasgon)周四对MarketWatch表示：“没有人认为这会结束。”“当消息传出时，该股甚至没有下跌。”</blockquote></p><p> That underscores the fact that analysts have been pessimistic about this for a while.</p><p><blockquote>这凸显了分析师对此持悲观态度已有一段时间的事实。</blockquote></p><p> Last month, Wedbush analyst Matt Bryson outlined how the broker and investment bank continued to believe the proposed coupling wouldn’t be approved. He cited not just regulatory pressure in the U.S., but also China.</p><p><blockquote>上个月，Wedbush分析师马特·布赖森(Matt Bryson)概述了该经纪商和投资银行如何仍然认为拟议的耦合不会获得批准。他不仅提到了美国的监管压力，还提到了中国的监管压力。</blockquote></p><p> “Any concerns about the Arm acquisition closing seem to be having little impact on the stock,” Bryson said at the time. “A lack of an Arm acquisition might have little impact on Nvidia’s momentum.”</p><p><blockquote>布赖森当时表示：“对Arm收购完成的任何担忧似乎对该股影响不大。”“没有收购Arm可能对英伟达的势头影响不大。”</blockquote></p><p> Remember: the metaverse, and the potentially lucrative future in virtual worlds that Nvidia is helping create, wasn’t a consideration for investors when the Arm deal was announced.</p><p><blockquote>请记住：当宣布Arm交易时，投资者并没有考虑元宇宙以及英伟达正在帮助创造的虚拟世界中潜在的利润丰厚的未来。</blockquote></p><p> Since then, Nvidia’s stock has climbed a staggering 165%, from around $120 a share to $320, on the back of a wave of growth optimism covering data centers and cloud computing, artificial intelligence, and, of course, the metaverse.</p><p><blockquote>从那时起，在涵盖数据中心和云计算、人工智能，当然还有元宇宙的增长乐观浪潮的推动下，英伟达的股价上涨了惊人的165%，从每股120美元左右上涨至320美元。</blockquote></p><p> But it’s not over ‘til it’s over. The deal is still alive, barely, for now.</p><p><blockquote>但直到结束才算结束。目前，这笔交易仍然有效，勉强有效。</blockquote></p><p> The thrust of the concerns from the FTC and other regulators is that Arm’s neutrality in the chip industry would be compromised under Nvidia’s ownership. Arm licenses intellectual property to the likes of&nbsp;Apple&nbsp;(AAPL),Amazon&nbsp;(AMZN),Qualcomm&nbsp;(QCOM) and others.</p><p><blockquote>联邦贸易委员会和其他监管机构担忧的主旨是，在英伟达的所有权下，Arm在芯片行业的中立性将受到损害。Arm将知识产权授权给苹果(AAPL)、亚马逊(AMZN)、高通(QCOM)等公司。</blockquote></p><p> If Nvidia owns Arm, the competition concerns go, then it would have access to competitively sensitive information about Arm’s clients, and Arm would be unlikely to pursue innovations that challenge Nvidia’s interests.</p><p><blockquote>如果英伟达拥有Arm，竞争担忧就会消失，那么它将能够获得有关Arm客户的竞争敏感信息，而Arm不太可能追求挑战英伟达利益的创新。</blockquote></p><p> Can these concerns really be addressed?</p><p><blockquote>这些担忧真的能得到解决吗？</blockquote></p><p> “We view a potential path forward if Nvidia can present remedies that, among other options, might include creating a ‘Chinese Wall’ between the research and development engine and Arm business contracts in order to ease the regulatory antitrust concerns,” Citibank analysts Atif Malik and Amanda Scarnati said.</p><p><blockquote>花旗银行分析师Atif表示：“如果英伟达能够提出补救措施，我们认为这是一条潜在的前进道路，其中包括在研发引擎和Arm业务合同之间建立一堵‘中国墙’，以缓解监管反垄断担忧。”马利克和阿曼达·斯卡纳蒂说道。</blockquote></p><p> A dead deal is likely to hurt SoftBank the most. While the Japanese technology investor would get to keep the $2 billion Nvidia paid up front, which includes a $1.25 billion breakup fee, the $40 billion ticket price actually represented a whole lot more.</p><p><blockquote>一笔死交易对软银的伤害可能最大。虽然这家日本科技投资者将保留英伟达预先支付的20亿美元，其中包括12.5亿美元的分手费，但400亿美元的票价实际上意味着更多。</blockquote></p><p> That $40 billion figure included what, at the time, was 44.3 million Nvidia shares valued at some $21.5 billion. Since then, Nvidia’s stock has torn higher, making the stock part of a cash-and-stock deal a lot more lucrative.</p><p><blockquote>这400亿美元的数字包括当时4430万股Nvidia股票，价值约215亿美元。此后，英伟达的股价一路走高，使得现金加股票交易的股票利润更高。</blockquote></p><p> Nvidia stock was 0.8% lower in premarket trading Friday, slightly outpacing declines in Nasdaq 100 futures.</p><p><blockquote>周五盘前交易中，英伟达股价下跌0.8%，略高于纳斯达克100指数期货的跌幅。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/nvidia-nvda-arm-acquisition-ftc-51638533956?mod=hp_LATEST\">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":{"NVDA":"英伟达"},"source_url":"https://www.barrons.com/articles/nvidia-nvda-arm-acquisition-ftc-51638533956?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175699025","content_text":"Nvidia‘s $40 billion purchase of Arm—heralded as the biggest deal in the history of the semiconductor industry—looks dead in the water.\nThe Federal Trade Commission sued to block the deal Thursday, citing competition concerns and all but killing the prospect of Nvidia (ticker: NVDA) taking over control of the leading chip designer from SoftBank (SFTBY). And while Nvidia has vowed to press ahead, the transaction faces further scrutiny in Europe and China.\nSo what comes next?\nFollowing news of the FTC’s hammer-blow, analysts at Citibank slashed the probability of the deal going through to 5% from 30%. The chances used to be slim. Now they’re very slim.\n“Nobody thinks this is going to close,” Stacy Rasgon, an analyst at Bernstein Research, told MarketWatch Thursday. “The stock didn’t even bobble when the news came out.”\nThat underscores the fact that analysts have been pessimistic about this for a while.\nLast month, Wedbush analyst Matt Bryson outlined how the broker and investment bank continued to believe the proposed coupling wouldn’t be approved. He cited not just regulatory pressure in the U.S., but also China.\n“Any concerns about the Arm acquisition closing seem to be having little impact on the stock,” Bryson said at the time. “A lack of an Arm acquisition might have little impact on Nvidia’s momentum.”\nRemember: the metaverse, and the potentially lucrative future in virtual worlds that Nvidia is helping create, wasn’t a consideration for investors when the Arm deal was announced.\nSince then, Nvidia’s stock has climbed a staggering 165%, from around $120 a share to $320, on the back of a wave of growth optimism covering data centers and cloud computing, artificial intelligence, and, of course, the metaverse.\nBut it’s not over ‘til it’s over. The deal is still alive, barely, for now.\nThe thrust of the concerns from the FTC and other regulators is that Arm’s neutrality in the chip industry would be compromised under Nvidia’s ownership. Arm licenses intellectual property to the likes of Apple (AAPL),Amazon (AMZN),Qualcomm (QCOM) and others.\nIf Nvidia owns Arm, the competition concerns go, then it would have access to competitively sensitive information about Arm’s clients, and Arm would be unlikely to pursue innovations that challenge Nvidia’s interests.\nCan these concerns really be addressed?\n“We view a potential path forward if Nvidia can present remedies that, among other options, might include creating a ‘Chinese Wall’ between the research and development engine and Arm business contracts in order to ease the regulatory antitrust concerns,” Citibank analysts Atif Malik and Amanda Scarnati said.\nA dead deal is likely to hurt SoftBank the most. While the Japanese technology investor would get to keep the $2 billion Nvidia paid up front, which includes a $1.25 billion breakup fee, the $40 billion ticket price actually represented a whole lot more.\nThat $40 billion figure included what, at the time, was 44.3 million Nvidia shares valued at some $21.5 billion. Since then, Nvidia’s stock has torn higher, making the stock part of a cash-and-stock deal a lot more lucrative.\nNvidia stock was 0.8% lower in premarket trading Friday, slightly outpacing declines in Nasdaq 100 futures.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":1990,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600896332,"gmtCreate":1638112888137,"gmtModify":1638112888137,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Interesting theme","listText":"Interesting theme","text":"Interesting theme","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/600896332","repostId":"2186432895","repostType":4,"isVote":1,"tweetType":1,"viewCount":3067,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":877903391,"gmtCreate":1637852691546,"gmtModify":1637852691546,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/877903391","repostId":"2185354679","repostType":4,"isVote":1,"tweetType":1,"viewCount":2465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":877909801,"gmtCreate":1637852615171,"gmtModify":1637852615171,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"NEXT 10x stock","listText":"NEXT 10x stock","text":"NEXT 10x stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/877909801","repostId":"2186916023","repostType":4,"isVote":1,"tweetType":1,"viewCount":2217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874862963,"gmtCreate":1637759171362,"gmtModify":1637759171362,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Safe play","listText":"Safe play","text":"Safe play","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874862963","repostId":"1125285423","repostType":4,"isVote":1,"tweetType":1,"viewCount":3107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875907086,"gmtCreate":1637593021889,"gmtModify":1637593021889,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Whats behind the reasons that drove this high ?&nbsp; Been going up","listText":"Whats behind the reasons that drove this high ?&nbsp; Been going up","text":"Whats behind the reasons that drove this high ? Been going up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875907086","repostId":"1158210333","repostType":4,"repost":{"id":"1158210333","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":1637592769,"share":"https://www.laohu8.com/m/news/1158210333?lang=zh_CN&edition=full","pubTime":"2021-11-22 22:52","market":"us","language":"en","title":"Apple shares rose nearly 2% in early trading and hit a record high<blockquote>苹果股价早盘涨近2%创历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158210333","media":"Tiger Newspress","summary":"Apple&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;2%&nbsp;in&nbsp;early&nbsp;trading&nbsp;and&nbsp;hit&nbsp;a&nbsp;record&nbsp;high.","content":"<p>Apple&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;2%&nbsp;in&nbsp;early&nbsp;trading&nbsp;and&nbsp;hit&nbsp;a&nbsp;record&nbsp;high.<img src=\"https://static.tigerbbs.com/dfbbc5a5ac25a614e99178ea5fd19166\" tg-width=\"883\" tg-height=\"601\" referrerpolicy=\"no-referrer\"></p><p><blockquote>苹果股价早盘上涨近2%，创历史新高。</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>Apple shares rose nearly 2% in early trading and hit a record high<blockquote>苹果股价早盘涨近2%创历史新高</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; 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#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\">\nApple shares rose nearly 2% in early trading and hit a record high<blockquote>苹果股价早盘涨近2%创历史新高</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\">2021-11-22 22:52</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Apple&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;2%&nbsp;in&nbsp;early&nbsp;trading&nbsp;and&nbsp;hit&nbsp;a&nbsp;record&nbsp;high.<img src=\"https://static.tigerbbs.com/dfbbc5a5ac25a614e99178ea5fd19166\" tg-width=\"883\" tg-height=\"601\" referrerpolicy=\"no-referrer\"></p><p><blockquote>苹果股价早盘上涨近2%，创历史新高。</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":"1158210333","content_text":"Apple shares rose nearly 2% in early trading and hit a record high.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875901269,"gmtCreate":1637592808560,"gmtModify":1637592808560,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875901269","repostId":"1105895929","repostType":4,"repost":{"id":"1105895929","kind":"news","pubTimestamp":1637591012,"share":"https://www.laohu8.com/m/news/1105895929?lang=zh_CN&edition=full","pubTime":"2021-11-22 22:23","market":"us","language":"en","title":"Cybersecurity startup Arctic Wolf seeks to hire advisors for U.S. IPO<blockquote>网络安全初创公司Arctic Wolf寻求为美国IPO聘请顾问</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105895929","media":"Reuters","summary":"(Reuters) - Cybersecurity startup Arctic Wolf, which recently raised funding at a valuation of over ","content":"<p>(Reuters) - Cybersecurity startup Arctic Wolf, which recently raised funding at a valuation of over $4 billion, is seeking to hire financial advisors for a stock market listing early next year in the United States, a top executive told Reuters.</p><p><blockquote>（路透社）-网络安全初创公司Arctic Wolf的一位高管告诉路透社，该公司最近以超过40亿美元的估值筹集了资金，正在寻求为明年初在美国股市上市聘请财务顾问。</blockquote></p><p> Arctic Wolf has started interviewing investment banks and is expected to finalize advisors for its initial public offering (IPO) in the coming months.</p><p><blockquote>Arctic Wolf已开始面试投资银行，预计将在未来几个月内敲定其首次公开募股（IPO）的顾问。</blockquote></p><p> The company raised $150 million from investors including Viking Global Investors and Owl Rock in a private funding round in July that valued the startup at $4.3 billion.</p><p><blockquote>该公司在7月份的一轮私人融资中从包括Viking Global Investors和Owl Rock在内的投资者那里筹集了1.5亿美元，对这家初创公司的估值为43亿美元。</blockquote></p><p> During the pandemic, Arctic Wolf benefited from higher investments in security solutions, as remote working arrangements forced companies to spend more on software tools that counter security threats.</p><p><blockquote>在疫情期间，北极狼受益于对安全解决方案的更高投资，因为远程工作安排迫使公司在应对安全威胁的软件工具上投入更多资金。</blockquote></p><p> The Eden Prairie, Minnesota-based startup is aiming to go public in the second half of 2022, according to Chief Executive Nick Schneider.</p><p><blockquote>首席执行官尼克·施耐德(Nick Schneider)表示，这家总部位于明尼苏达州伊甸园草原的初创公司计划于2022年下半年上市。</blockquote></p><p> \"The acceleration in our growth is in part due to the impact of COVID on businesses and that's both around digital transformation...and people starting to work from anywhere who need protections on their internal network,\" said Schneider.</p><p><blockquote>施耐德表示：“我们增长的加速部分是由于新冠疫情对企业的影响，这既与数字化转型有关……也与开始在任何地方工作、需要内部网络保护的人们有关。”</blockquote></p><p> Schneider, who took over as CEO in August, has been spearheading Arctic Wolf's efforts to expand internationally, as it attempts to put a governance structure in place before it goes public.</p><p><blockquote>施耐德于8月接任首席执行官，一直在带头Arctic Wolf进行国际扩张，试图在上市前建立治理结构。</blockquote></p><p> Founded in 2012, Arctic Wolf provides security software tools and services to detect and help companies recover from cybersecurity threats. Its services are used by enterprises across several industries, including healthcare, financial services and manufacturing.</p><p><blockquote>Arctic Wolf成立于2012年，提供安全软件工具和服务，以检测并帮助公司从网络安全威胁中恢复。其服务被多个行业的企业使用，包括医疗保健、金融服务和制造业。</blockquote></p><p> Arctic Wolf generates revenue through a subscription model, which has grown by over 100% in the past year, it said.</p><p><blockquote>Arctic Wolf表示，通过订阅模式创收，该模式在过去一年中增长了100%以上。</blockquote></p><p> The company also counts Lightspeed Venture Partners and Redpoint Ventures among its investors.</p><p><blockquote>该公司的投资者还包括Lightspeed Venture Partners和Redpoint Ventures。</blockquote></p><p></p>","source":"lsy1612507957220","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>Cybersecurity startup Arctic Wolf seeks to hire advisors for U.S. IPO<blockquote>网络安全初创公司Arctic Wolf寻求为美国IPO聘请顾问</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\">\nCybersecurity startup Arctic Wolf seeks to hire advisors for U.S. IPO<blockquote>网络安全初创公司Arctic Wolf寻求为美国IPO聘请顾问</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-22 22:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) - Cybersecurity startup Arctic Wolf, which recently raised funding at a valuation of over $4 billion, is seeking to hire financial advisors for a stock market listing early next year in the United States, a top executive told Reuters.</p><p><blockquote>（路透社）-网络安全初创公司Arctic Wolf的一位高管告诉路透社，该公司最近以超过40亿美元的估值筹集了资金，正在寻求为明年初在美国股市上市聘请财务顾问。</blockquote></p><p> Arctic Wolf has started interviewing investment banks and is expected to finalize advisors for its initial public offering (IPO) in the coming months.</p><p><blockquote>Arctic Wolf已开始面试投资银行，预计将在未来几个月内敲定其首次公开募股（IPO）的顾问。</blockquote></p><p> The company raised $150 million from investors including Viking Global Investors and Owl Rock in a private funding round in July that valued the startup at $4.3 billion.</p><p><blockquote>该公司在7月份的一轮私人融资中从包括Viking Global Investors和Owl Rock在内的投资者那里筹集了1.5亿美元，对这家初创公司的估值为43亿美元。</blockquote></p><p> During the pandemic, Arctic Wolf benefited from higher investments in security solutions, as remote working arrangements forced companies to spend more on software tools that counter security threats.</p><p><blockquote>在疫情期间，北极狼受益于对安全解决方案的更高投资，因为远程工作安排迫使公司在应对安全威胁的软件工具上投入更多资金。</blockquote></p><p> The Eden Prairie, Minnesota-based startup is aiming to go public in the second half of 2022, according to Chief Executive Nick Schneider.</p><p><blockquote>首席执行官尼克·施耐德(Nick Schneider)表示，这家总部位于明尼苏达州伊甸园草原的初创公司计划于2022年下半年上市。</blockquote></p><p> \"The acceleration in our growth is in part due to the impact of COVID on businesses and that's both around digital transformation...and people starting to work from anywhere who need protections on their internal network,\" said Schneider.</p><p><blockquote>施耐德表示：“我们增长的加速部分是由于新冠疫情对企业的影响，这既与数字化转型有关……也与开始在任何地方工作、需要内部网络保护的人们有关。”</blockquote></p><p> Schneider, who took over as CEO in August, has been spearheading Arctic Wolf's efforts to expand internationally, as it attempts to put a governance structure in place before it goes public.</p><p><blockquote>施耐德于8月接任首席执行官，一直在带头Arctic Wolf进行国际扩张，试图在上市前建立治理结构。</blockquote></p><p> Founded in 2012, Arctic Wolf provides security software tools and services to detect and help companies recover from cybersecurity threats. Its services are used by enterprises across several industries, including healthcare, financial services and manufacturing.</p><p><blockquote>Arctic Wolf成立于2012年，提供安全软件工具和服务，以检测并帮助公司从网络安全威胁中恢复。其服务被多个行业的企业使用，包括医疗保健、金融服务和制造业。</blockquote></p><p> Arctic Wolf generates revenue through a subscription model, which has grown by over 100% in the past year, it said.</p><p><blockquote>Arctic Wolf表示，通过订阅模式创收，该模式在过去一年中增长了100%以上。</blockquote></p><p> The company also counts Lightspeed Venture Partners and Redpoint Ventures among its investors.</p><p><blockquote>该公司的投资者还包括Lightspeed Venture Partners和Redpoint Ventures。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/cybersecurity-startup-arctic-wolf-seeks-140946279.html\">Reuters</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":{"IPO":"Renaissance IPO ETF"},"source_url":"https://finance.yahoo.com/news/cybersecurity-startup-arctic-wolf-seeks-140946279.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105895929","content_text":"(Reuters) - Cybersecurity startup Arctic Wolf, which recently raised funding at a valuation of over $4 billion, is seeking to hire financial advisors for a stock market listing early next year in the United States, a top executive told Reuters.\nArctic Wolf has started interviewing investment banks and is expected to finalize advisors for its initial public offering (IPO) in the coming months.\nThe company raised $150 million from investors including Viking Global Investors and Owl Rock in a private funding round in July that valued the startup at $4.3 billion.\nDuring the pandemic, Arctic Wolf benefited from higher investments in security solutions, as remote working arrangements forced companies to spend more on software tools that counter security threats.\nThe Eden Prairie, Minnesota-based startup is aiming to go public in the second half of 2022, according to Chief Executive Nick Schneider.\n\"The acceleration in our growth is in part due to the impact of COVID on businesses and that's both around digital transformation...and people starting to work from anywhere who need protections on their internal network,\" said Schneider.\nSchneider, who took over as CEO in August, has been spearheading Arctic Wolf's efforts to expand internationally, as it attempts to put a governance structure in place before it goes public.\nFounded in 2012, Arctic Wolf provides security software tools and services to detect and help companies recover from cybersecurity threats. Its services are used by enterprises across several industries, including healthcare, financial services and manufacturing.\nArctic Wolf generates revenue through a subscription model, which has grown by over 100% in the past year, it said.\nThe company also counts Lightspeed Venture Partners and Redpoint Ventures among its investors.","news_type":1,"symbols_score_info":{"IPO":0.9}},"isVote":1,"tweetType":1,"viewCount":938,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878153621,"gmtCreate":1637161173629,"gmtModify":1637161173629,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878153621","repostId":"1176632260","repostType":4,"repost":{"id":"1176632260","kind":"news","pubTimestamp":1637158579,"share":"https://www.laohu8.com/m/news/1176632260?lang=zh_CN&edition=full","pubTime":"2021-11-17 22:16","market":"us","language":"en","title":"Palantir Stock: The Bull Thesis Keeps Getting Stronger<blockquote>Palantir股票：牛市论点不断增强</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176632260","media":"seekingalpha","summary":"Summary\n\nDespite registering a deceleration in revenue growth in Q3, the bullish thesis for Palantir","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Despite registering a deceleration in revenue growth in Q3, the bullish thesis for Palantir is getting stronger as commercial business momentum picks up and share-based compensation moderates.</li>  <li>Palantir's long-term growth trajectory is intact, with management guiding for 30%+ CAGR sales growth through 2025. Furthermore, Palantir is already looking like a free cash flow machine in the making.</li>  <li>The stock is undervalued at current levels, offering investors an excellent opportunity to generate long-term alpha.</li>  <li>I rate Palantir a strong buy at ~$23.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02d7c2e5739d48a7457788f40f66148c\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Michael Vi/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>尽管第三季度收入增长放缓，但随着商业业务势头回升和股权薪酬放缓，Palantir的看涨论点越来越强。</li><li>Palantir的长期增长轨迹完好无损，管理层指导到2025年销售额复合年增长率为30%以上。此外，Palantir看起来已经像一台正在形成的自由现金流机器。</li><li>该股在目前水平上被低估，为投资者提供了产生长期阿尔法的绝佳机会。</li><li>我对Palantir的评级为强力买入，价格约为23美元。</li></ul><p class=\"t-img-caption\"><span>Michael Vi/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> Palantir's (PLTR) latest quarterly results and forward guidance showed signs of decelerating growth. When sales growth decelerates, high-multiple growth stocks tend to come under pressure, and that's what happened with Palantir last week. In the near term, the stock market is a voting machine; however, in the long term, the market is a weighing machine. To be successful, investors must focus on the long term. Looking at Palantir's weak price action, it is easy to forget that Palantir is a truly special company with an impenetrable moat that includes superior technology, network effects (government and commercial relationships), visionary management, and a strong brand image (tied to anti-terrorism and nationalism). In my view, the latest sell-off in Palantir is a great long-term buying opportunity, and I will outline my reasoning in the following sections.</p><p><blockquote>Palantir(PLTR)最新的季度业绩和前瞻性指引显示出增长减速的迹象。当销售增长放缓时，高市盈率增长股票往往会面临压力，这就是上周Palantir发生的情况。从近期来看，股市是一台投票机；然而，从长期来看，市场是一台称重机。要想成功，投资者必须着眼于长期。看着Palantir疲软的价格走势，人们很容易忘记Palantir是一家真正特殊的公司，拥有一条坚不可摧的护城河，其中包括卓越的技术、网络效应（政府和商业关系）、富有远见的管理和强大的品牌形象（与反恐和民族主义相关）。在我看来，Palantir最近的抛售是一个很好的长期买入机会，我将在以下部分概述我的推理。</blockquote></p><p> As you may know, Palantir's vision is to become the most important software company on this planet. Today, Palantir's edge AI platforms have the potential to dominate the data OS and analytics space, which happens to be a rapidly growing market. With each passing quarter, Palantir is winning new customers, and as such, the bull thesis for Palantir keeps getting stronger. Now, Palantir's Q3 report was far from perfect as the company showed signs of a growth slowdown. However, Palantir's growing business momentum in the commercial sector and signs of a long-overdue moderation in stock-based compensation expenses strengthen the bullish thesis for the company. To learn more about my bullish thesis on Palantir, I recommend you to read the following notes:</p><p><blockquote>您可能知道，Palantir的愿景是成为这个星球上最重要的软件公司。如今，Palantir的边缘人工智能平台有潜力主导数据操作系统和分析领域，这恰好是一个快速增长的市场。随着每个季度的过去，Palantir都在赢得新客户，因此，Palantir的牛市论点不断增强。现在，Palantir的第三季度报告远非完美，因为该公司显示出增长放缓的迹象。然而，Palantir在商业领域不断增长的业务势头以及股票薪酬支出早就应该放缓的迹象强化了该公司的看涨论点。要了解有关我对Palantir的看涨论点的更多信息，我建议您阅读以下注释：</blockquote></p><p> <ol>  <li>Palantir Is Uncannily Similar To Tesla</li>  <li>Palantir Is Redefining Operating Systems For The Modern World</li>  <li>Palantir Stock: Building An Army</li> </ol> Before we derive the fair value and expected returns for Palantir, let's analyze Palantir's Q3 results in more detail.</p><p><blockquote><ol><li>Palantir与特斯拉惊人地相似</li><li>Palantir正在重新定义现代世界的操作系统</li><li>Palantir股票：建立一支军队</li></ol>在得出Palantir的公允价值和预期回报之前，让我们更详细地分析Palantir第三季度的业绩。</blockquote></p><p> <b>Breaking Down Palantir's Q3 Results</b></p><p><blockquote><b>Palantir第三季度业绩细分</b></blockquote></p><p> In Q3, Palantir's revenue grew by 36% y/y to come in at $392M (ahead of management's guidance of $385M). Although Palantir beat on sales guidance, the sales growth decelerated significantly in Q3 2021 (from the 49% y/y growth seen in Q2 2021). At a time when IT spending is very healthy (as evidenced by Microsoft's stellar Q3 results), and data analytics software firms are supposed to outperform expectations as the economy returns to normalcy, why is Palantir's growth slowing down, where is the weakness coming from?</p><p><blockquote>第三季度，Palantir的收入同比增长36%，达到3.92亿美元（高于管理层指导的3.85亿美元）。尽管Palantir超出了销售指引，但2021年第三季度的销售增长显着放缓（2021年第二季度同比增长49%）。在IT支出非常健康的时候（微软第三季度出色的业绩就证明了这一点），随着经济恢复正常，数据分析软件公司的表现应该会超出预期，为什么Palantir的增长会放缓，弱点来自哪里？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/39599f1410f08819b841ca3cb5dad21f\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> After registering an impressive 60%+ y/y growth in the first half of 2021, Palantir's government business growth slowed down drastically in Q3 2021. Although Palantir's government sector revenue growth rate dropped from 66% y/y in Q2 to 34% y/y in Q3, these results are by no means poor. The slowdown could just be a result of budget management as the government fiscal year ends in September. Now, Palantir's management has always maintained that their focus is on the long-term, and we understand that Palantir's growth could be lumpy due to the nature of its contracts. On a positive note, Palantir did win some deals during this quarter, including the $900M deal with the US Army for providing Intelligence Data Fabric and Analytics solutions.</p><p><blockquote>在2021年上半年实现了令人印象深刻的60%以上的同比增长后，Palantir的政府业务增长在2021年第三季度大幅放缓。虽然Palantir的政府部门收入增速从Q2的66%y/y下降到Q3的34%y/y，但这些成绩绝不差。随着政府财政年度将于9月结束，经济放缓可能只是预算管理的结果。现在，Palantir的管理层一直坚称他们的重点是长期，我们知道，由于其合同的性质，Palantir的增长可能会不稳定。从积极的方面来看，Palantir在本季度确实赢得了一些交易，包括与美国陆军达成的价值9亿美元的提供情报数据结构和分析解决方案的交易。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87b9454707f695d2944d0831e1dcfc64\" tg-width=\"640\" tg-height=\"308\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p></p><p> In contrast to Palantir's government business, its commercial business is experiencing an acceleration in growth as the company moves downstream by offering its Foundry platform to select Day Zero companies (young startups) under its \"Foundry for Startups\" initiative. Palantir wants to become the primary data operating system provider for the next generation of tech behemoths, and this move downstream unlocks a massive market for the software provider. In Q3, Palantir's commercial revenue came in at $174M (~44% of total revenues), implying a growth rate of 37% y/y [US commercial revenue growth accelerated to 103% y/y). Hence, it is easy to see that Palantir's diversification efforts are starting to pay off. The commercial sector is a much larger market compared to the governmental sector; hence, Palantir gaining traction here outweighs its government business slowdown.</p><p><blockquote>与Palantir的政府业务相比，随着该公司根据“初创公司代工”计划向选定的零日公司（年轻的初创公司）提供代工平台，向下游转移，其商业业务正在加速增长。Palantir希望成为下一代科技巨头的主要数据操作系统提供商，这一下游举措为该软件提供商打开了巨大的市场。第三季度，Palantir的商业收入为1.74亿美元（约占总收入的44%），这意味着同比增长率为37%【美国商业收入同比增长加速至103%）。因此，很容易看出Palantir的多元化努力开始得到回报。与政府部门相比，商业部门是一个更大的市场；因此，Palantir在这里获得的牵引力超过了其政府业务的放缓。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3f6979dbeb3a9f06a44e34258ff7c6b\" tg-width=\"640\" tg-height=\"309\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> On the margin front, Palantir continues to report massive numbers. In Q3 2021, Palantir's adj. gross margin rose to 82% (up ~100 bps y/y), and the contribution margin expanded to 57% (up ~100 bps y/y). Now, Palantir is still not profitable due to a seemingly exorbitant stock-based compensation plan; however, with its margin profile, it is only a matter of time before Palantir becomes a very profitable business.</p><p><blockquote>在利润率方面，Palantir继续报告大量数据。2021年第三季度，Palantir的调整后。毛利率升至82%（同比增长约100个基点），贡献率扩大至57%（同比增长约100个基点）。现在，由于看似过高的股票薪酬计划，Palantir仍然没有盈利；然而，凭借其利润率，Palantir成为一家利润丰厚的企业只是时间问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f0cb8cf252718ea948f211d13fc9f4a4\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> For now, I am happy to see robust free cash flow generation from Palantir. So far in 2021, Palantir has generated $320M in adj. free cash flow (at 29% adj. FCF margin). Palantir is still in the hyper-growth phase, and so, I can see Palantir turning into an FCF machine over the 2020s - akin to today's big tech companies.</p><p><blockquote>目前，我很高兴看到Palantir产生强劲的自由现金流。2021年到目前为止，Palantir的调整后收入为3.2亿美元。自由现金流（调整后自由现金流利润率为29%）。Palantir仍处于高速增长阶段，因此，我可以看到Palantir在2020年代变成一台FCF机器——类似于当今的大型科技公司。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bceb504dc349b3c31a9307c531595e44\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34495a6627f39f40acd745f911cfa795\" tg-width=\"640\" tg-height=\"239\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> For Q4, Palantir's management guided for revenues of $418M (sequential growth of $26M (+6.66% q/q)). Furthermore, Palantir guided for adj. operating margins to decline to 22%; however, they guided for 22% for Q3 2021, and the actual adj. operating margins came in at 30%. So, I think there's some level of sandbagging embedded into this guidance.</p><p><blockquote>Palantir管理层预计第四季度收入为4.18亿美元（环比增长2600万美元（环比增长6.66%））。此外，Palantir还指导了adj。营业利润率将下降至22%；然而，他们预计2021年第三季度的增长率为22%，实际调整后的增长率为22%。营业利润率为30%。所以，我认为这个指南中包含了某种程度的沙袋。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/da7d14573f4162af9e75a0122f8b3618\" tg-width=\"640\" tg-height=\"258\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> For 2021, Palantir is now expected to grow revenue to $1.527B (up 40% y/y) with adj. free cash flow of more than $400M. In the past, Alex Karp, Palantir's CEO, has guided for 30%+ CAGR sales growth through 2025. Hence, we can confidently expect the company to hit the $2B annual revenue milestone next year.</p><p><blockquote>2021年，Palantir目前预计收入将增长至$15.27 B（同比增长40%）。自由现金流超过4亿美元。过去，Palantir首席执行官Alex Karp曾预计到2025年复合年增长率将达到30%以上。因此，我们可以自信地预计该公司明年将达到20亿美元的年收入里程碑。</blockquote></p><p> Since its public listing, the bearish arguments against Palantir have been centered around limited traction among commercial customers and its bloated stock-based compensation plan. However, I think Palantir is proving these arguments to be false, and Q3 was a real conviction booster.</p><p><blockquote>自公开上市以来，针对Palantir的看跌论点一直集中在商业客户的吸引力有限及其臃肿的股票薪酬计划上。然而，我认为Palantir正在证明这些论点是错误的，而第三季度是一个真正的信念助推器。</blockquote></p><p> <b>The Bull Thesis Is Getting Stronger</b></p><p><blockquote><b>牛市论点越来越强</b></blockquote></p><p> In Q3 2021, Palantir added 34 net new customers, i.e., 20% q/q growth in total customers. The commercial customer count outpaced total customer growth by growing at 46% q/q, representing clear business momentum for Palantir's commercial offerings.</p><p><blockquote>2021年第三季度，Palantir新增34家净新客户，即客户总数环比增长20%。商业客户数量环比增长46%，超过了总客户增长，代表了Palantir商业产品的明显业务势头。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65524e6cad63512b8c28545d2694003a\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> With Palantir now offering its Foundry platform to smaller companies, we can expect this commercial customer count to inflate over coming quarters and years. Many critics have labeled Palantir's SPAC investments as deals for buying revenue; however, we see these deals as strategic investments to prove the viability of Palantir's software platform across various use-cases in the commercial sector. Furthermore, Palantir's deal closure data (shared below) shows that Palantir's big investments in Sales and Marketing are paying off quite handsomely.</p><p><blockquote>随着Palantir现在向较小的公司提供其代工平台，我们预计商业客户数量将在未来几个季度和几年内膨胀。许多批评者将Palantir的SPAC投资称为购买收入的交易；然而，我们将这些交易视为战略投资，以证明Palantir软件平台在商业领域各种用例中的可行性。此外，Palantir的交易完成数据（分享如下）显示，Palantir在销售和营销方面的巨额投资正在获得相当可观的回报。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8870c2d7c6a9a734f125d76047ce3c1f\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p></p><p> At the end of Q3, Palantir had $3.6B in total remaining deal value [commercial remaining deal value of $2.2B (up 101% y/y)], giving the company a strong pipeline for the next few years.</p><p><blockquote>截至第三季度末，Palantir的总剩余交易价值为$3.6 B[商业剩余交易价值为$2.2 B（同比增长101%）]，为该公司未来几年提供了强大的渠道。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/835f52a8f182efefcd5e9eaeb63bcfef\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> A particularly thorny issue for Palantir's shareholders has been its bloated share-based compensation plan that makes the company look more like an employee cooperative rather than a publicly-traded for-profit corporation. Although Palantir's stock-based compensation ($184M; 47% of total revenues) remained at ultra-high levels in Q3 2021, the trend is clearly pointing towards moderation in SBC.</p><p><blockquote>对于Palantir的股东来说，一个特别棘手的问题是其臃肿的股权薪酬计划，这使得该公司看起来更像是一家员工合作社，而不是一家上市的营利性公司。尽管Palantir的股票薪酬（1.84亿美元；占总收入的47%）在2021年第三季度仍保持在超高水平，但这一趋势显然表明SBC正在放缓。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94dbf880d002116e8df5fd9bc5e7b370\" tg-width=\"640\" tg-height=\"433\" referrerpolicy=\"no-referrer\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> As Palantir scales up, revenues are growing rapidly, and the stock-based compensation [as a percentage of revenue] continues to decline. Hence, the bearish argument against Palantir is getting weaker with every passing quarter. Now, let's determine Palantir's fair value and expected returns to make an informed investment decision.</p><p><blockquote>随着Palantir规模的扩大，收入迅速增长，而基于股票的薪酬[占收入的百分比]持续下降。因此，随着每个季度的过去，对Palantir的看跌论点越来越弱。现在，让我们确定Palantir的公允价值和预期回报，以做出明智的投资决策。</blockquote></p><p> Palantir's Fair Value And Expected Return</p><p><blockquote>Palantir的公允价值和预期回报</blockquote></p><p> To find Palantir's fair value, we will employ our proprietary valuation model. Here's what it entails:</p><p><blockquote>为了找到Palantir的公允价值，我们将采用我们专有的估值模型。它的含义如下：</blockquote></p><p> <ul>  <li>In step 1, we use a traditional DCF model with free cash flow discounted by our (shareholders) cost of capital.</p><p><blockquote><ul><li>在第一步中，我们使用传统的DCF模型，自由现金流按我们（股东）的资本成本贴现。</li></ul></blockquote></p><p></li>  <li>In step 2, the model accounts for the effects of the change in shares outstanding (buybacks/dilutions).</p><p><blockquote><li>在步骤2中，模型考虑了已发行股票变化（回购/稀释）的影响。</li></blockquote></p><p></li>  <li>In step 3, we normalize valuation for future growth prospects at the end of the ten years. Then, we arrive at a CAGR using today's share price and the projected share price at the end of 10 years. If this beats the market by enough of a margin, we invest. If not, we wait for a better entry point.</p><p><blockquote><li>在第三步中，我们将十年结束时未来增长前景的估值正常化。然后，我们使用今天的股价和10年末的预计股价得出CAGR。如果这比市场高出足够的幅度，我们就投资。如果没有，我们等待一个更好的切入点。</li></blockquote></p><p></li> </ul> <i><b>Assumptions:</b></i></p><p><blockquote><i><b>假设：</b></i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/32607fd03d29b289a0e3bd216b0db20a\" tg-width=\"816\" tg-height=\"710\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i><b>Results:</b></i></p><p><blockquote><i><b>结果：</b></i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb459bd9b95d6732e939ad46b27dd73c\" tg-width=\"604\" tg-height=\"728\" referrerpolicy=\"no-referrer\"><span>Source: L.A. Stevens Valuation Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：L.A.史蒂文斯估值模型</span></p></blockquote></p><p> According to our model, Palantir is worth ~$31 per share, i.e., it is currently undervalued by ~27%. Hence, Palantir seems like a good buy here. However, we must also assess the expected returns for the stock to make an informed investment decision.</p><p><blockquote>根据我们的模型，Palantir每股价值约31美元，即目前被低估约27%。因此，Palantir在这里似乎是一个不错的选择。然而，我们还必须评估股票的预期回报，以做出明智的投资决策。</blockquote></p><p> To calculate the total expected return for the next decade, we grow the above free cash flow per share at our conservative growth rate, then assign a conservative Price-to-FCF multiple, i.e., 35x, to it for year ten. Thereby, we create a conservative intrinsic value projection (2031 price target), by which we determine the 10-yr expected CAGR returns. If these returns cross our hurdle rate of 15%, we buy, else we wait for a better buying opportunity.</p><p><blockquote>为了计算未来十年的总预期回报，我们以保守的增长率增长上述每股自由现金流，然后在第十年为其分配保守的价格与自由现金流倍数，即35倍。因此，我们创建了一个保守的内在价值预测（2031年价格目标），通过该预测我们确定了10年的预期CAGR回报。如果这些回报率超过我们15%的门槛，我们就买入，否则我们等待更好的买入机会。</blockquote></p><p> Here are the expected returns for Palantir:</p><p><blockquote>以下是Palantir的预期回报：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c1a12d02340653a630ec00875a082191\" tg-width=\"603\" tg-height=\"429\" referrerpolicy=\"no-referrer\"><span>Source: L.A. Stevens Valuation Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：L.A.史蒂文斯估值模型</span></p></blockquote></p><p> As per the results above, Palantir's stock is projected to grow from ~$23 to ~$132 at a CAGR of ~19% by 2031. Since these expected returns are higher than our investment hurdle rate of 15%, I rate Palantir a strong buy at ~$23.</p><p><blockquote>根据上述结果，Palantir的股票预计到2031年将从约23美元增长到约132美元，复合年增长率约为19%。由于这些预期回报高于我们15%的投资门槛率，我将Palantir评为强力买入，价格约为23美元。</blockquote></p><p> <b>Looking At The Technical Picture</b></p><p><blockquote><b>看技术图</b></blockquote></p><p> In late September, I highlighted the following risks for Palantir:</p><p><blockquote>9月下旬，我强调了Palantir面临的以下风险：</blockquote></p><p> <ul>  <li>Palantir's management is focused on the long-term, and the company is expected to invest aggressively in the hunt for future sales growth, which in other words means Palantir will remain unprofitable in the near term. With rising inflation and growing bond yields, loss-making equities trading at big multiples (e.g., Palantir currently trades at ~35x P/S) could be in for a deep correction. Therefore, Palantir's stock could remain volatile over the next few months.</li>  <li>As discussed today, Palantir now sits at crucial support around its 50-SMA and 200-SMA ($25), and a breakdown could open further downside move here towards the $20 mark. Hence, I prefer buying through a dollar-cost averaging plan over the next few months.</li> </ul> Source:Palantir Stock: Building An Army</p><p><blockquote><ul><li>Palantir的管理层着眼于长期，预计该公司将积极投资以寻求未来的销售增长，换句话说，这意味着Palantir在短期内仍将无法盈利。随着通胀上升和债券收益率上升，以大倍数交易的亏损股票（例如，Palantir目前的市盈率约为35倍）可能会出现深度调整。因此，Palantir的股价在未来几个月可能会保持波动。</li><li>正如今天所讨论的，Palantir目前位于50移动平均线和200移动平均线（25美元）附近的关键支撑位，突破可能会进一步向20美元大关下跌。因此，我更喜欢在接下来的几个月里通过平均成本计划购买。</li></ul>资料来源：Palantir股票：建立一支军队</blockquote></p><p></p><p> Since then, Palantir's breakout from an inverse head and shoulders pattern proved to be a head fake, and the stock has broken down below its 200-DMA trendline after a death cross in early October. Due to an inflationary environment, the market sentiment is pretty bearish towards growth stocks (barring a few market darlings), and so, Palantir could yet have more downside in the short term. The $17.5 to $20 zone should serve as strong support for Palantir.</p><p><blockquote>此后，Palantir从反向头肩形态中的突破被证明是假的，该股在10月初的死亡交叉后已跌破200日均线趋势线。由于通胀环境，市场情绪对成长型股票相当悲观（少数市场宠儿除外），因此，Palantir在短期内可能还有更多下行空间。17.5美元至20美元区域应该会成为Palantir的有力支撑。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/25025246a456372f13a3e9a1fd49daeb\" tg-width=\"640\" tg-height=\"423\" referrerpolicy=\"no-referrer\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> <b>Concluding Thoughts</b></p><p><blockquote><b>结束语</b></blockquote></p><p> From a long-term perspective, I continue to think of Palantir as a next-gen big tech company that could very well command a market cap of trillions of dollars down the road. With growing momentum in the commercial sector and a monopolistic market share in the governmental defense software space, Palantir is one of the strongest long-term growth stories for the next decade. Although Palantir is not yet profitable, the company already generates massive amounts of free cash flow ($400M in 2021). Furthermore, Palantir's stock-based compensation is showing signs of moderation. Additionally, the valuation multiple (P/S of 23x based on 2022E revenue of $2B) has contracted significantly over the last ten months or so. With near-term volatility here to stay, I continue to recommend the use of a dollar-cost averaging plan to build a position in Palantir (up to 3-4% of portfolio). At $23 per share, Palantir is a strong buy.</p><p><blockquote>从长期角度来看，我仍然认为Palantir是一家下一代大型科技公司，未来很可能拥有数万亿美元的市值。随着商业领域的增长势头和政府国防软件领域的垄断市场份额，Palantir是未来十年最强劲的长期增长故事之一。尽管Palantir尚未盈利，但该公司已经产生了大量自由现金流（2021年为4亿美元）。此外，Palantir的股票薪酬也显示出放缓的迹象。此外，估值倍数（基于2022年20亿美元的收入，市盈率为23倍）在过去十个月左右大幅收缩。由于近期波动性持续存在，我继续建议使用平均成本计划在Palantir建仓（最多占投资组合的3-4%）。Palantir的股价为每股23美元，值得大力买入。</blockquote></p><p> <i><b>Key Takeaway: I rate Palantir a strong buy at $23</b></i></p><p><blockquote><i><b>关键要点：我将Palantir评为强力买入，价格为23美元</b></i></blockquote></p><p> This article was written by&nbsp;Ahan Vashi</p><p><blockquote>本文由Ahan Vashi撰写</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>Palantir Stock: The Bull Thesis Keeps Getting Stronger<blockquote>Palantir股票：牛市论点不断增强</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\">\nPalantir Stock: The Bull Thesis Keeps Getting Stronger<blockquote>Palantir股票：牛市论点不断增强</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-11-17 22:16</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>Despite registering a deceleration in revenue growth in Q3, the bullish thesis for Palantir is getting stronger as commercial business momentum picks up and share-based compensation moderates.</li>  <li>Palantir's long-term growth trajectory is intact, with management guiding for 30%+ CAGR sales growth through 2025. Furthermore, Palantir is already looking like a free cash flow machine in the making.</li>  <li>The stock is undervalued at current levels, offering investors an excellent opportunity to generate long-term alpha.</li>  <li>I rate Palantir a strong buy at ~$23.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02d7c2e5739d48a7457788f40f66148c\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Michael Vi/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>尽管第三季度收入增长放缓，但随着商业业务势头回升和股权薪酬放缓，Palantir的看涨论点越来越强。</li><li>Palantir的长期增长轨迹完好无损，管理层指导到2025年销售额复合年增长率为30%以上。此外，Palantir看起来已经像一台正在形成的自由现金流机器。</li><li>该股在目前水平上被低估，为投资者提供了产生长期阿尔法的绝佳机会。</li><li>我对Palantir的评级为强力买入，价格约为23美元。</li></ul><p class=\"t-img-caption\"><span>Michael Vi/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> Palantir's (PLTR) latest quarterly results and forward guidance showed signs of decelerating growth. When sales growth decelerates, high-multiple growth stocks tend to come under pressure, and that's what happened with Palantir last week. In the near term, the stock market is a voting machine; however, in the long term, the market is a weighing machine. To be successful, investors must focus on the long term. Looking at Palantir's weak price action, it is easy to forget that Palantir is a truly special company with an impenetrable moat that includes superior technology, network effects (government and commercial relationships), visionary management, and a strong brand image (tied to anti-terrorism and nationalism). In my view, the latest sell-off in Palantir is a great long-term buying opportunity, and I will outline my reasoning in the following sections.</p><p><blockquote>Palantir(PLTR)最新的季度业绩和前瞻性指引显示出增长减速的迹象。当销售增长放缓时，高市盈率增长股票往往会面临压力，这就是上周Palantir发生的情况。从近期来看，股市是一台投票机；然而，从长期来看，市场是一台称重机。要想成功，投资者必须着眼于长期。看着Palantir疲软的价格走势，人们很容易忘记Palantir是一家真正特殊的公司，拥有一条坚不可摧的护城河，其中包括卓越的技术、网络效应（政府和商业关系）、富有远见的管理和强大的品牌形象（与反恐和民族主义相关）。在我看来，Palantir最近的抛售是一个很好的长期买入机会，我将在以下部分概述我的推理。</blockquote></p><p> As you may know, Palantir's vision is to become the most important software company on this planet. Today, Palantir's edge AI platforms have the potential to dominate the data OS and analytics space, which happens to be a rapidly growing market. With each passing quarter, Palantir is winning new customers, and as such, the bull thesis for Palantir keeps getting stronger. Now, Palantir's Q3 report was far from perfect as the company showed signs of a growth slowdown. However, Palantir's growing business momentum in the commercial sector and signs of a long-overdue moderation in stock-based compensation expenses strengthen the bullish thesis for the company. To learn more about my bullish thesis on Palantir, I recommend you to read the following notes:</p><p><blockquote>您可能知道，Palantir的愿景是成为这个星球上最重要的软件公司。如今，Palantir的边缘人工智能平台有潜力主导数据操作系统和分析领域，这恰好是一个快速增长的市场。随着每个季度的过去，Palantir都在赢得新客户，因此，Palantir的牛市论点不断增强。现在，Palantir的第三季度报告远非完美，因为该公司显示出增长放缓的迹象。然而，Palantir在商业领域不断增长的业务势头以及股票薪酬支出早就应该放缓的迹象强化了该公司的看涨论点。要了解有关我对Palantir的看涨论点的更多信息，我建议您阅读以下注释：</blockquote></p><p> <ol>  <li>Palantir Is Uncannily Similar To Tesla</li>  <li>Palantir Is Redefining Operating Systems For The Modern World</li>  <li>Palantir Stock: Building An Army</li> </ol> Before we derive the fair value and expected returns for Palantir, let's analyze Palantir's Q3 results in more detail.</p><p><blockquote><ol><li>Palantir与特斯拉惊人地相似</li><li>Palantir正在重新定义现代世界的操作系统</li><li>Palantir股票：建立一支军队</li></ol>在得出Palantir的公允价值和预期回报之前，让我们更详细地分析Palantir第三季度的业绩。</blockquote></p><p> <b>Breaking Down Palantir's Q3 Results</b></p><p><blockquote><b>Palantir第三季度业绩细分</b></blockquote></p><p> In Q3, Palantir's revenue grew by 36% y/y to come in at $392M (ahead of management's guidance of $385M). Although Palantir beat on sales guidance, the sales growth decelerated significantly in Q3 2021 (from the 49% y/y growth seen in Q2 2021). At a time when IT spending is very healthy (as evidenced by Microsoft's stellar Q3 results), and data analytics software firms are supposed to outperform expectations as the economy returns to normalcy, why is Palantir's growth slowing down, where is the weakness coming from?</p><p><blockquote>第三季度，Palantir的收入同比增长36%，达到3.92亿美元（高于管理层指导的3.85亿美元）。尽管Palantir超出了销售指引，但2021年第三季度的销售增长显着放缓（2021年第二季度同比增长49%）。在IT支出非常健康的时候（微软第三季度出色的业绩就证明了这一点），随着经济恢复正常，数据分析软件公司的表现应该会超出预期，为什么Palantir的增长会放缓，弱点来自哪里？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/39599f1410f08819b841ca3cb5dad21f\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> After registering an impressive 60%+ y/y growth in the first half of 2021, Palantir's government business growth slowed down drastically in Q3 2021. Although Palantir's government sector revenue growth rate dropped from 66% y/y in Q2 to 34% y/y in Q3, these results are by no means poor. The slowdown could just be a result of budget management as the government fiscal year ends in September. Now, Palantir's management has always maintained that their focus is on the long-term, and we understand that Palantir's growth could be lumpy due to the nature of its contracts. On a positive note, Palantir did win some deals during this quarter, including the $900M deal with the US Army for providing Intelligence Data Fabric and Analytics solutions.</p><p><blockquote>在2021年上半年实现了令人印象深刻的60%以上的同比增长后，Palantir的政府业务增长在2021年第三季度大幅放缓。虽然Palantir的政府部门收入增速从Q2的66%y/y下降到Q3的34%y/y，但这些成绩绝不差。随着政府财政年度将于9月结束，经济放缓可能只是预算管理的结果。现在，Palantir的管理层一直坚称他们的重点是长期，我们知道，由于其合同的性质，Palantir的增长可能会不稳定。从积极的方面来看，Palantir在本季度确实赢得了一些交易，包括与美国陆军达成的价值9亿美元的提供情报数据结构和分析解决方案的交易。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87b9454707f695d2944d0831e1dcfc64\" tg-width=\"640\" tg-height=\"308\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p></p><p> In contrast to Palantir's government business, its commercial business is experiencing an acceleration in growth as the company moves downstream by offering its Foundry platform to select Day Zero companies (young startups) under its \"Foundry for Startups\" initiative. Palantir wants to become the primary data operating system provider for the next generation of tech behemoths, and this move downstream unlocks a massive market for the software provider. In Q3, Palantir's commercial revenue came in at $174M (~44% of total revenues), implying a growth rate of 37% y/y [US commercial revenue growth accelerated to 103% y/y). Hence, it is easy to see that Palantir's diversification efforts are starting to pay off. The commercial sector is a much larger market compared to the governmental sector; hence, Palantir gaining traction here outweighs its government business slowdown.</p><p><blockquote>与Palantir的政府业务相比，随着该公司根据“初创公司代工”计划向选定的零日公司（年轻的初创公司）提供代工平台，向下游转移，其商业业务正在加速增长。Palantir希望成为下一代科技巨头的主要数据操作系统提供商，这一下游举措为该软件提供商打开了巨大的市场。第三季度，Palantir的商业收入为1.74亿美元（约占总收入的44%），这意味着同比增长率为37%【美国商业收入同比增长加速至103%）。因此，很容易看出Palantir的多元化努力开始得到回报。与政府部门相比，商业部门是一个更大的市场；因此，Palantir在这里获得的牵引力超过了其政府业务的放缓。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3f6979dbeb3a9f06a44e34258ff7c6b\" tg-width=\"640\" tg-height=\"309\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> On the margin front, Palantir continues to report massive numbers. In Q3 2021, Palantir's adj. gross margin rose to 82% (up ~100 bps y/y), and the contribution margin expanded to 57% (up ~100 bps y/y). Now, Palantir is still not profitable due to a seemingly exorbitant stock-based compensation plan; however, with its margin profile, it is only a matter of time before Palantir becomes a very profitable business.</p><p><blockquote>在利润率方面，Palantir继续报告大量数据。2021年第三季度，Palantir的调整后。毛利率升至82%（同比增长约100个基点），贡献率扩大至57%（同比增长约100个基点）。现在，由于看似过高的股票薪酬计划，Palantir仍然没有盈利；然而，凭借其利润率，Palantir成为一家利润丰厚的企业只是时间问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f0cb8cf252718ea948f211d13fc9f4a4\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> For now, I am happy to see robust free cash flow generation from Palantir. So far in 2021, Palantir has generated $320M in adj. free cash flow (at 29% adj. FCF margin). Palantir is still in the hyper-growth phase, and so, I can see Palantir turning into an FCF machine over the 2020s - akin to today's big tech companies.</p><p><blockquote>目前，我很高兴看到Palantir产生强劲的自由现金流。2021年到目前为止，Palantir的调整后收入为3.2亿美元。自由现金流（调整后自由现金流利润率为29%）。Palantir仍处于高速增长阶段，因此，我可以看到Palantir在2020年代变成一台FCF机器——类似于当今的大型科技公司。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bceb504dc349b3c31a9307c531595e44\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34495a6627f39f40acd745f911cfa795\" tg-width=\"640\" tg-height=\"239\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> For Q4, Palantir's management guided for revenues of $418M (sequential growth of $26M (+6.66% q/q)). Furthermore, Palantir guided for adj. operating margins to decline to 22%; however, they guided for 22% for Q3 2021, and the actual adj. operating margins came in at 30%. So, I think there's some level of sandbagging embedded into this guidance.</p><p><blockquote>Palantir管理层预计第四季度收入为4.18亿美元（环比增长2600万美元（环比增长6.66%））。此外，Palantir还指导了adj。营业利润率将下降至22%；然而，他们预计2021年第三季度的增长率为22%，实际调整后的增长率为22%。营业利润率为30%。所以，我认为这个指南中包含了某种程度的沙袋。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/da7d14573f4162af9e75a0122f8b3618\" tg-width=\"640\" tg-height=\"258\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> For 2021, Palantir is now expected to grow revenue to $1.527B (up 40% y/y) with adj. free cash flow of more than $400M. In the past, Alex Karp, Palantir's CEO, has guided for 30%+ CAGR sales growth through 2025. Hence, we can confidently expect the company to hit the $2B annual revenue milestone next year.</p><p><blockquote>2021年，Palantir目前预计收入将增长至$15.27 B（同比增长40%）。自由现金流超过4亿美元。过去，Palantir首席执行官Alex Karp曾预计到2025年复合年增长率将达到30%以上。因此，我们可以自信地预计该公司明年将达到20亿美元的年收入里程碑。</blockquote></p><p> Since its public listing, the bearish arguments against Palantir have been centered around limited traction among commercial customers and its bloated stock-based compensation plan. However, I think Palantir is proving these arguments to be false, and Q3 was a real conviction booster.</p><p><blockquote>自公开上市以来，针对Palantir的看跌论点一直集中在商业客户的吸引力有限及其臃肿的股票薪酬计划上。然而，我认为Palantir正在证明这些论点是错误的，而第三季度是一个真正的信念助推器。</blockquote></p><p> <b>The Bull Thesis Is Getting Stronger</b></p><p><blockquote><b>牛市论点越来越强</b></blockquote></p><p> In Q3 2021, Palantir added 34 net new customers, i.e., 20% q/q growth in total customers. The commercial customer count outpaced total customer growth by growing at 46% q/q, representing clear business momentum for Palantir's commercial offerings.</p><p><blockquote>2021年第三季度，Palantir新增34家净新客户，即客户总数环比增长20%。商业客户数量环比增长46%，超过了总客户增长，代表了Palantir商业产品的明显业务势头。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65524e6cad63512b8c28545d2694003a\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> With Palantir now offering its Foundry platform to smaller companies, we can expect this commercial customer count to inflate over coming quarters and years. Many critics have labeled Palantir's SPAC investments as deals for buying revenue; however, we see these deals as strategic investments to prove the viability of Palantir's software platform across various use-cases in the commercial sector. Furthermore, Palantir's deal closure data (shared below) shows that Palantir's big investments in Sales and Marketing are paying off quite handsomely.</p><p><blockquote>随着Palantir现在向较小的公司提供其代工平台，我们预计商业客户数量将在未来几个季度和几年内膨胀。许多批评者将Palantir的SPAC投资称为购买收入的交易；然而，我们将这些交易视为战略投资，以证明Palantir软件平台在商业领域各种用例中的可行性。此外，Palantir的交易完成数据（分享如下）显示，Palantir在销售和营销方面的巨额投资正在获得相当可观的回报。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8870c2d7c6a9a734f125d76047ce3c1f\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p></p><p> At the end of Q3, Palantir had $3.6B in total remaining deal value [commercial remaining deal value of $2.2B (up 101% y/y)], giving the company a strong pipeline for the next few years.</p><p><blockquote>截至第三季度末，Palantir的总剩余交易价值为$3.6 B[商业剩余交易价值为$2.2 B（同比增长101%）]，为该公司未来几年提供了强大的渠道。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/835f52a8f182efefcd5e9eaeb63bcfef\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> A particularly thorny issue for Palantir's shareholders has been its bloated share-based compensation plan that makes the company look more like an employee cooperative rather than a publicly-traded for-profit corporation. Although Palantir's stock-based compensation ($184M; 47% of total revenues) remained at ultra-high levels in Q3 2021, the trend is clearly pointing towards moderation in SBC.</p><p><blockquote>对于Palantir的股东来说，一个特别棘手的问题是其臃肿的股权薪酬计划，这使得该公司看起来更像是一家员工合作社，而不是一家上市的营利性公司。尽管Palantir的股票薪酬（1.84亿美元；占总收入的47%）在2021年第三季度仍保持在超高水平，但这一趋势显然表明SBC正在放缓。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94dbf880d002116e8df5fd9bc5e7b370\" tg-width=\"640\" tg-height=\"433\" referrerpolicy=\"no-referrer\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> As Palantir scales up, revenues are growing rapidly, and the stock-based compensation [as a percentage of revenue] continues to decline. Hence, the bearish argument against Palantir is getting weaker with every passing quarter. Now, let's determine Palantir's fair value and expected returns to make an informed investment decision.</p><p><blockquote>随着Palantir规模的扩大，收入迅速增长，而基于股票的薪酬[占收入的百分比]持续下降。因此，随着每个季度的过去，对Palantir的看跌论点越来越弱。现在，让我们确定Palantir的公允价值和预期回报，以做出明智的投资决策。</blockquote></p><p> Palantir's Fair Value And Expected Return</p><p><blockquote>Palantir的公允价值和预期回报</blockquote></p><p> To find Palantir's fair value, we will employ our proprietary valuation model. Here's what it entails:</p><p><blockquote>为了找到Palantir的公允价值，我们将采用我们专有的估值模型。它的含义如下：</blockquote></p><p> <ul>  <li>In step 1, we use a traditional DCF model with free cash flow discounted by our (shareholders) cost of capital.</p><p><blockquote><ul><li>在第一步中，我们使用传统的DCF模型，自由现金流按我们（股东）的资本成本贴现。</li></ul></blockquote></p><p></li>  <li>In step 2, the model accounts for the effects of the change in shares outstanding (buybacks/dilutions).</p><p><blockquote><li>在步骤2中，模型考虑了已发行股票变化（回购/稀释）的影响。</li></blockquote></p><p></li>  <li>In step 3, we normalize valuation for future growth prospects at the end of the ten years. Then, we arrive at a CAGR using today's share price and the projected share price at the end of 10 years. If this beats the market by enough of a margin, we invest. If not, we wait for a better entry point.</p><p><blockquote><li>在第三步中，我们将十年结束时未来增长前景的估值正常化。然后，我们使用今天的股价和10年末的预计股价得出CAGR。如果这比市场高出足够的幅度，我们就投资。如果没有，我们等待一个更好的切入点。</li></blockquote></p><p></li> </ul> <i><b>Assumptions:</b></i></p><p><blockquote><i><b>假设：</b></i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/32607fd03d29b289a0e3bd216b0db20a\" tg-width=\"816\" tg-height=\"710\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i><b>Results:</b></i></p><p><blockquote><i><b>结果：</b></i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb459bd9b95d6732e939ad46b27dd73c\" tg-width=\"604\" tg-height=\"728\" referrerpolicy=\"no-referrer\"><span>Source: L.A. Stevens Valuation Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：L.A.史蒂文斯估值模型</span></p></blockquote></p><p> According to our model, Palantir is worth ~$31 per share, i.e., it is currently undervalued by ~27%. Hence, Palantir seems like a good buy here. However, we must also assess the expected returns for the stock to make an informed investment decision.</p><p><blockquote>根据我们的模型，Palantir每股价值约31美元，即目前被低估约27%。因此，Palantir在这里似乎是一个不错的选择。然而，我们还必须评估股票的预期回报，以做出明智的投资决策。</blockquote></p><p> To calculate the total expected return for the next decade, we grow the above free cash flow per share at our conservative growth rate, then assign a conservative Price-to-FCF multiple, i.e., 35x, to it for year ten. Thereby, we create a conservative intrinsic value projection (2031 price target), by which we determine the 10-yr expected CAGR returns. If these returns cross our hurdle rate of 15%, we buy, else we wait for a better buying opportunity.</p><p><blockquote>为了计算未来十年的总预期回报，我们以保守的增长率增长上述每股自由现金流，然后在第十年为其分配保守的价格与自由现金流倍数，即35倍。因此，我们创建了一个保守的内在价值预测（2031年价格目标），通过该预测我们确定了10年的预期CAGR回报。如果这些回报率超过我们15%的门槛，我们就买入，否则我们等待更好的买入机会。</blockquote></p><p> Here are the expected returns for Palantir:</p><p><blockquote>以下是Palantir的预期回报：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c1a12d02340653a630ec00875a082191\" tg-width=\"603\" tg-height=\"429\" referrerpolicy=\"no-referrer\"><span>Source: L.A. Stevens Valuation Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：L.A.史蒂文斯估值模型</span></p></blockquote></p><p> As per the results above, Palantir's stock is projected to grow from ~$23 to ~$132 at a CAGR of ~19% by 2031. Since these expected returns are higher than our investment hurdle rate of 15%, I rate Palantir a strong buy at ~$23.</p><p><blockquote>根据上述结果，Palantir的股票预计到2031年将从约23美元增长到约132美元，复合年增长率约为19%。由于这些预期回报高于我们15%的投资门槛率，我将Palantir评为强力买入，价格约为23美元。</blockquote></p><p> <b>Looking At The Technical Picture</b></p><p><blockquote><b>看技术图</b></blockquote></p><p> In late September, I highlighted the following risks for Palantir:</p><p><blockquote>9月下旬，我强调了Palantir面临的以下风险：</blockquote></p><p> <ul>  <li>Palantir's management is focused on the long-term, and the company is expected to invest aggressively in the hunt for future sales growth, which in other words means Palantir will remain unprofitable in the near term. With rising inflation and growing bond yields, loss-making equities trading at big multiples (e.g., Palantir currently trades at ~35x P/S) could be in for a deep correction. Therefore, Palantir's stock could remain volatile over the next few months.</li>  <li>As discussed today, Palantir now sits at crucial support around its 50-SMA and 200-SMA ($25), and a breakdown could open further downside move here towards the $20 mark. Hence, I prefer buying through a dollar-cost averaging plan over the next few months.</li> </ul> Source:Palantir Stock: Building An Army</p><p><blockquote><ul><li>Palantir的管理层着眼于长期，预计该公司将积极投资以寻求未来的销售增长，换句话说，这意味着Palantir在短期内仍将无法盈利。随着通胀上升和债券收益率上升，以大倍数交易的亏损股票（例如，Palantir目前的市盈率约为35倍）可能会出现深度调整。因此，Palantir的股价在未来几个月可能会保持波动。</li><li>正如今天所讨论的，Palantir目前位于50移动平均线和200移动平均线（25美元）附近的关键支撑位，突破可能会进一步向20美元大关下跌。因此，我更喜欢在接下来的几个月里通过平均成本计划购买。</li></ul>资料来源：Palantir股票：建立一支军队</blockquote></p><p></p><p> Since then, Palantir's breakout from an inverse head and shoulders pattern proved to be a head fake, and the stock has broken down below its 200-DMA trendline after a death cross in early October. Due to an inflationary environment, the market sentiment is pretty bearish towards growth stocks (barring a few market darlings), and so, Palantir could yet have more downside in the short term. The $17.5 to $20 zone should serve as strong support for Palantir.</p><p><blockquote>此后，Palantir从反向头肩形态中的突破被证明是假的，该股在10月初的死亡交叉后已跌破200日均线趋势线。由于通胀环境，市场情绪对成长型股票相当悲观（少数市场宠儿除外），因此，Palantir在短期内可能还有更多下行空间。17.5美元至20美元区域应该会成为Palantir的有力支撑。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/25025246a456372f13a3e9a1fd49daeb\" tg-width=\"640\" tg-height=\"423\" referrerpolicy=\"no-referrer\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> <b>Concluding Thoughts</b></p><p><blockquote><b>结束语</b></blockquote></p><p> From a long-term perspective, I continue to think of Palantir as a next-gen big tech company that could very well command a market cap of trillions of dollars down the road. With growing momentum in the commercial sector and a monopolistic market share in the governmental defense software space, Palantir is one of the strongest long-term growth stories for the next decade. Although Palantir is not yet profitable, the company already generates massive amounts of free cash flow ($400M in 2021). Furthermore, Palantir's stock-based compensation is showing signs of moderation. Additionally, the valuation multiple (P/S of 23x based on 2022E revenue of $2B) has contracted significantly over the last ten months or so. With near-term volatility here to stay, I continue to recommend the use of a dollar-cost averaging plan to build a position in Palantir (up to 3-4% of portfolio). At $23 per share, Palantir is a strong buy.</p><p><blockquote>从长期角度来看，我仍然认为Palantir是一家下一代大型科技公司，未来很可能拥有数万亿美元的市值。随着商业领域的增长势头和政府国防软件领域的垄断市场份额，Palantir是未来十年最强劲的长期增长故事之一。尽管Palantir尚未盈利，但该公司已经产生了大量自由现金流（2021年为4亿美元）。此外，Palantir的股票薪酬也显示出放缓的迹象。此外，估值倍数（基于2022年20亿美元的收入，市盈率为23倍）在过去十个月左右大幅收缩。由于近期波动性持续存在，我继续建议使用平均成本计划在Palantir建仓（最多占投资组合的3-4%）。Palantir的股价为每股23美元，值得大力买入。</blockquote></p><p> <i><b>Key Takeaway: I rate Palantir a strong buy at $23</b></i></p><p><blockquote><i><b>关键要点：我将Palantir评为强力买入，价格为23美元</b></i></blockquote></p><p> This article was written by&nbsp;Ahan Vashi</p><p><blockquote>本文由Ahan Vashi撰写</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4469410-palantir-stock-earnings-bull-thesis-stronger-commercial-business-momentum\">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":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4469410-palantir-stock-earnings-bull-thesis-stronger-commercial-business-momentum","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176632260","content_text":"Summary\n\nDespite registering a deceleration in revenue growth in Q3, the bullish thesis for Palantir is getting stronger as commercial business momentum picks up and share-based compensation moderates.\nPalantir's long-term growth trajectory is intact, with management guiding for 30%+ CAGR sales growth through 2025. Furthermore, Palantir is already looking like a free cash flow machine in the making.\nThe stock is undervalued at current levels, offering investors an excellent opportunity to generate long-term alpha.\nI rate Palantir a strong buy at ~$23.\n\nMichael Vi/iStock Editorial via Getty Images\nIntroduction\nPalantir's (PLTR) latest quarterly results and forward guidance showed signs of decelerating growth. When sales growth decelerates, high-multiple growth stocks tend to come under pressure, and that's what happened with Palantir last week. In the near term, the stock market is a voting machine; however, in the long term, the market is a weighing machine. To be successful, investors must focus on the long term. Looking at Palantir's weak price action, it is easy to forget that Palantir is a truly special company with an impenetrable moat that includes superior technology, network effects (government and commercial relationships), visionary management, and a strong brand image (tied to anti-terrorism and nationalism). In my view, the latest sell-off in Palantir is a great long-term buying opportunity, and I will outline my reasoning in the following sections.\nAs you may know, Palantir's vision is to become the most important software company on this planet. Today, Palantir's edge AI platforms have the potential to dominate the data OS and analytics space, which happens to be a rapidly growing market. With each passing quarter, Palantir is winning new customers, and as such, the bull thesis for Palantir keeps getting stronger. Now, Palantir's Q3 report was far from perfect as the company showed signs of a growth slowdown. However, Palantir's growing business momentum in the commercial sector and signs of a long-overdue moderation in stock-based compensation expenses strengthen the bullish thesis for the company. To learn more about my bullish thesis on Palantir, I recommend you to read the following notes:\n\nPalantir Is Uncannily Similar To Tesla\nPalantir Is Redefining Operating Systems For The Modern World\nPalantir Stock: Building An Army\n\nBefore we derive the fair value and expected returns for Palantir, let's analyze Palantir's Q3 results in more detail.\nBreaking Down Palantir's Q3 Results\nIn Q3, Palantir's revenue grew by 36% y/y to come in at $392M (ahead of management's guidance of $385M). Although Palantir beat on sales guidance, the sales growth decelerated significantly in Q3 2021 (from the 49% y/y growth seen in Q2 2021). At a time when IT spending is very healthy (as evidenced by Microsoft's stellar Q3 results), and data analytics software firms are supposed to outperform expectations as the economy returns to normalcy, why is Palantir's growth slowing down, where is the weakness coming from?\nSource: Palantir Q3 2021 Earnings Presentation\nAfter registering an impressive 60%+ y/y growth in the first half of 2021, Palantir's government business growth slowed down drastically in Q3 2021. Although Palantir's government sector revenue growth rate dropped from 66% y/y in Q2 to 34% y/y in Q3, these results are by no means poor. The slowdown could just be a result of budget management as the government fiscal year ends in September. Now, Palantir's management has always maintained that their focus is on the long-term, and we understand that Palantir's growth could be lumpy due to the nature of its contracts. On a positive note, Palantir did win some deals during this quarter, including the $900M deal with the US Army for providing Intelligence Data Fabric and Analytics solutions.\nSource: Palantir Q3 2021 Earnings Presentation\nIn contrast to Palantir's government business, its commercial business is experiencing an acceleration in growth as the company moves downstream by offering its Foundry platform to select Day Zero companies (young startups) under its \"Foundry for Startups\" initiative. Palantir wants to become the primary data operating system provider for the next generation of tech behemoths, and this move downstream unlocks a massive market for the software provider. In Q3, Palantir's commercial revenue came in at $174M (~44% of total revenues), implying a growth rate of 37% y/y [US commercial revenue growth accelerated to 103% y/y). Hence, it is easy to see that Palantir's diversification efforts are starting to pay off. The commercial sector is a much larger market compared to the governmental sector; hence, Palantir gaining traction here outweighs its government business slowdown.\nSource: Palantir Q3 2021 Earnings Presentation\nOn the margin front, Palantir continues to report massive numbers. In Q3 2021, Palantir's adj. gross margin rose to 82% (up ~100 bps y/y), and the contribution margin expanded to 57% (up ~100 bps y/y). Now, Palantir is still not profitable due to a seemingly exorbitant stock-based compensation plan; however, with its margin profile, it is only a matter of time before Palantir becomes a very profitable business.\nSource: Palantir Q3 2021 Earnings Presentation\nFor now, I am happy to see robust free cash flow generation from Palantir. So far in 2021, Palantir has generated $320M in adj. free cash flow (at 29% adj. FCF margin). Palantir is still in the hyper-growth phase, and so, I can see Palantir turning into an FCF machine over the 2020s - akin to today's big tech companies.\n\nSource: Palantir Q3 2021 Earnings Presentation\nFor Q4, Palantir's management guided for revenues of $418M (sequential growth of $26M (+6.66% q/q)). Furthermore, Palantir guided for adj. operating margins to decline to 22%; however, they guided for 22% for Q3 2021, and the actual adj. operating margins came in at 30%. So, I think there's some level of sandbagging embedded into this guidance.\nSource: Palantir Q3 2021 Earnings Presentation\nFor 2021, Palantir is now expected to grow revenue to $1.527B (up 40% y/y) with adj. free cash flow of more than $400M. In the past, Alex Karp, Palantir's CEO, has guided for 30%+ CAGR sales growth through 2025. Hence, we can confidently expect the company to hit the $2B annual revenue milestone next year.\nSince its public listing, the bearish arguments against Palantir have been centered around limited traction among commercial customers and its bloated stock-based compensation plan. However, I think Palantir is proving these arguments to be false, and Q3 was a real conviction booster.\nThe Bull Thesis Is Getting Stronger\nIn Q3 2021, Palantir added 34 net new customers, i.e., 20% q/q growth in total customers. The commercial customer count outpaced total customer growth by growing at 46% q/q, representing clear business momentum for Palantir's commercial offerings.\nSource: Palantir Q3 2021 Earnings Presentation\nWith Palantir now offering its Foundry platform to smaller companies, we can expect this commercial customer count to inflate over coming quarters and years. Many critics have labeled Palantir's SPAC investments as deals for buying revenue; however, we see these deals as strategic investments to prove the viability of Palantir's software platform across various use-cases in the commercial sector. Furthermore, Palantir's deal closure data (shared below) shows that Palantir's big investments in Sales and Marketing are paying off quite handsomely.\nSource: Palantir Q3 2021 Earnings Presentation\nAt the end of Q3, Palantir had $3.6B in total remaining deal value [commercial remaining deal value of $2.2B (up 101% y/y)], giving the company a strong pipeline for the next few years.\nSource: Palantir Q3 2021 Earnings Presentation\nA particularly thorny issue for Palantir's shareholders has been its bloated share-based compensation plan that makes the company look more like an employee cooperative rather than a publicly-traded for-profit corporation. Although Palantir's stock-based compensation ($184M; 47% of total revenues) remained at ultra-high levels in Q3 2021, the trend is clearly pointing towards moderation in SBC.\nSource: YCharts\nAs Palantir scales up, revenues are growing rapidly, and the stock-based compensation [as a percentage of revenue] continues to decline. Hence, the bearish argument against Palantir is getting weaker with every passing quarter. Now, let's determine Palantir's fair value and expected returns to make an informed investment decision.\nPalantir's Fair Value And Expected Return\nTo find Palantir's fair value, we will employ our proprietary valuation model. Here's what it entails:\n\nIn step 1, we use a traditional DCF model with free cash flow discounted by our (shareholders) cost of capital.\nIn step 2, the model accounts for the effects of the change in shares outstanding (buybacks/dilutions).\nIn step 3, we normalize valuation for future growth prospects at the end of the ten years. Then, we arrive at a CAGR using today's share price and the projected share price at the end of 10 years. If this beats the market by enough of a margin, we invest. If not, we wait for a better entry point.\n\nAssumptions:\n\nResults:\nSource: L.A. Stevens Valuation Model\nAccording to our model, Palantir is worth ~$31 per share, i.e., it is currently undervalued by ~27%. Hence, Palantir seems like a good buy here. However, we must also assess the expected returns for the stock to make an informed investment decision.\nTo calculate the total expected return for the next decade, we grow the above free cash flow per share at our conservative growth rate, then assign a conservative Price-to-FCF multiple, i.e., 35x, to it for year ten. Thereby, we create a conservative intrinsic value projection (2031 price target), by which we determine the 10-yr expected CAGR returns. If these returns cross our hurdle rate of 15%, we buy, else we wait for a better buying opportunity.\nHere are the expected returns for Palantir:\nSource: L.A. Stevens Valuation Model\nAs per the results above, Palantir's stock is projected to grow from ~$23 to ~$132 at a CAGR of ~19% by 2031. Since these expected returns are higher than our investment hurdle rate of 15%, I rate Palantir a strong buy at ~$23.\nLooking At The Technical Picture\nIn late September, I highlighted the following risks for Palantir:\n\nPalantir's management is focused on the long-term, and the company is expected to invest aggressively in the hunt for future sales growth, which in other words means Palantir will remain unprofitable in the near term. With rising inflation and growing bond yields, loss-making equities trading at big multiples (e.g., Palantir currently trades at ~35x P/S) could be in for a deep correction. Therefore, Palantir's stock could remain volatile over the next few months.\nAs discussed today, Palantir now sits at crucial support around its 50-SMA and 200-SMA ($25), and a breakdown could open further downside move here towards the $20 mark. Hence, I prefer buying through a dollar-cost averaging plan over the next few months.\n\nSource:Palantir Stock: Building An Army\nSince then, Palantir's breakout from an inverse head and shoulders pattern proved to be a head fake, and the stock has broken down below its 200-DMA trendline after a death cross in early October. Due to an inflationary environment, the market sentiment is pretty bearish towards growth stocks (barring a few market darlings), and so, Palantir could yet have more downside in the short term. The $17.5 to $20 zone should serve as strong support for Palantir.\nSource: YCharts\nConcluding Thoughts\nFrom a long-term perspective, I continue to think of Palantir as a next-gen big tech company that could very well command a market cap of trillions of dollars down the road. With growing momentum in the commercial sector and a monopolistic market share in the governmental defense software space, Palantir is one of the strongest long-term growth stories for the next decade. Although Palantir is not yet profitable, the company already generates massive amounts of free cash flow ($400M in 2021). Furthermore, Palantir's stock-based compensation is showing signs of moderation. Additionally, the valuation multiple (P/S of 23x based on 2022E revenue of $2B) has contracted significantly over the last ten months or so. With near-term volatility here to stay, I continue to recommend the use of a dollar-cost averaging plan to build a position in Palantir (up to 3-4% of portfolio). At $23 per share, Palantir is a strong buy.\nKey Takeaway: I rate Palantir a strong buy at $23\nThis article was written by Ahan Vashi","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":785,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878352172,"gmtCreate":1637153710601,"gmtModify":1637153711366,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Yes consider adding&nbsp;Adobe Docusign","listText":"Yes consider adding&nbsp;Adobe Docusign","text":"Yes consider adding Adobe Docusign","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878352172","repostId":"2184837496","repostType":4,"isVote":1,"tweetType":1,"viewCount":505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871230322,"gmtCreate":1637072752803,"gmtModify":1637072752874,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Buy now","listText":"Buy now","text":"Buy now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/871230322","repostId":"2183800784","repostType":4,"isVote":1,"tweetType":1,"viewCount":551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871200468,"gmtCreate":1637070949332,"gmtModify":1637070949440,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Sales force","listText":"Sales force","text":"Sales force","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/871200468","repostId":"2183800784","repostType":4,"isVote":1,"tweetType":1,"viewCount":625,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871097845,"gmtCreate":1636991932891,"gmtModify":1636991932891,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/871097845","repostId":"1191935323","repostType":4,"isVote":1,"tweetType":1,"viewCount":827,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873895761,"gmtCreate":1636905532956,"gmtModify":1636905532956,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/873895761","repostId":"1130613433","repostType":4,"repost":{"id":"1130613433","kind":"news","pubTimestamp":1636854571,"share":"https://www.laohu8.com/m/news/1130613433?lang=zh_CN&edition=full","pubTime":"2021-11-14 09:49","market":"us","language":"en","title":"7 Earnings Reports to Watch Next Week<blockquote>下周值得关注的7份财报</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130613433","media":"InvestorPlace","summary":"A parade of retailers report earnings as their share prices remain buoyant\nSource: Shutterstock\nReta","content":"<p><div> A parade of retailers report earnings as their share prices remain buoyant Source: Shutterstock Retailers and big box chains take center stage next week as the earnings train rolls on. And these ...</p><p><blockquote><div>随着股价保持强劲，众多零售商公布了财报资料来源：Shutterstock随着财报列车的继续，零售商和大型连锁店将成为下周的中心舞台。还有这些...</div></blockquote></p><p>  <a href=\"https://investorplace.com/earnings-reports-to-watch-next-week/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/earnings-reports-to-watch-next-week/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","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>7 Earnings Reports to Watch Next Week<blockquote>下周值得关注的7份财报</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\">\n7 Earnings Reports to Watch Next Week<blockquote>下周值得关注的7份财报</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-11-14 09:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> A parade of retailers report earnings as their share prices remain buoyant Source: Shutterstock Retailers and big box chains take center stage next week as the earnings train rolls on. And these ...</p><p><blockquote><div>随着股价保持强劲，众多零售商公布了财报资料来源：Shutterstock随着财报列车的继续，零售商和大型连锁店将成为下周的中心舞台。还有这些...</div></blockquote></p><p>  <a href=\"https://investorplace.com/earnings-reports-to-watch-next-week/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/earnings-reports-to-watch-next-week/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/earnings-reports-to-watch-next-week/\">InvestorPlace</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":{"LOW":"劳氏","HD":"家得宝","TGT":"塔吉特","M":"梅西百货","LZB":"La-Z-Boy家具","WMT":"沃尔玛"},"source_url":"https://investorplace.com/earnings-reports-to-watch-next-week/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130613433","content_text":"A parade of retailers report earnings as their share prices remain buoyant\nSource: Shutterstock\nRetailers and big box chains take center stage next week as the earnings train rolls on. And these earnings come as we enter the pivotal holiday sales season, which can make or break retailers large and small.\nAnalysts on Wall Street will be carefully parsing next week’s results to gain insights into how the economic reopening is holding up, and, in particular, how consumer spending performed heading into the fourth and final quarter of the year.\nIt has been a good run for stocks of retailers in recent weeks, with the SPDR S&P Retail ETF(NYSEARCA:XRT) up 15% over the past month. Sentiment regarding retailers has turned bullish as we approach the lucrative holiday sales period and the twin events of Black Friday and Cyber Monday.\nStrong earnings reports from key retail companies are likely to keep stocks across the sector buoyant as we near year-end.Here are seven retail stocks reporting earnings the week of Nov. 15.\n\nWalmart(NYSE:WMT)\nHome Depot(NYSE:HD)\nLa-Z-Boy(NYSE:LZB)\nLowe’s(NYSE:LOW)\nTarget(NYSE:TGT)\nMacy’s(NYSE:M)\nFoot Locker(NYSE:FL)\n\nWalmart (WMT)\nFirst out of the gate next week is Walmart, the world’s biggest retailer with more than 10,000 stores, 2.3 million employees and annual revenues of nearly $550 billion.\nThe retail colossus survived the pandemic largely by ramping up its online sales strategy, and its brick-and-mortar stores have been recovering this year as the economy reopens.\nHowever, despite its efforts and success, Walmart’s stock has underperformed, rising only 1% year-to-date at $148.50 a share. In the past 52 weeks, WMT stock has gained a slight 0.35%. The tepid growth has frustrated Walmart shareholders who have had to watch while rival retail stocks have risen more than 50% this year.\nA strong third-quarter report from Walmart could give the share price a much needed boost.Wall Street is looking for the company to report earnings per share (EPS) of $1.40 on revenues of $135.52 billion. Any beat to the upside will be well-received and could be the catalyst needed to finally move the needle on WMT stock.\nThe company has received several bullish analyst ratings recently, with Goldman Sachs(NYSE:GS) adding the stockto its “conviction buy” list in October. The median price target on the stock, among 19 analysts who cover Walmart, is $170, which is 15% higher than its current level.\nHome Depot (HD)\nAlso reporting Q3 results next week is home improvement retailer Home Depot. The Atlanta-headquartered company has seemingly had it both ways during the pandemic. The company performed well during Covid-19 lockdowns as people focused on fixing up their homes, and has continued to perform well this year as the economic recovery accelerated.\nYear-to-date, HD stock is up nearly 40% at $367.55 per share. And despite the bull run, Home Depot’s share price has continued to trend upward, rising nearly 10% since the start of October. The company is no doubt looking to finish the year strong and keep the momentum in its stock going with its third-quarter results.\nAnalysts are forecasting that Home Depot will report EPS of $3.36 on revenues of $34.69 billion for Q3. This would be after the company reported that its sales in this year’s second quarter increased 8.1% from a year ago to $41 billion, the first time in the company’s history that its quarterly sales surpassed $40 billion.\nWith home prices continuing to rise in the U.S.,up 20% in August this year from the same month of 2020 according to the Federal Reserve Bank of St. Louis, homeowners seem content to continue taking equity out of their domicile and spending it to improve its value, which benefits Home Depot.\nLa-Z-Boy (LZB)\nFurniture manufacturer La-Z-Boy, which is known for its signature brand of upholstered recliners, reports earnings next week as it shares finally breakout after being down for most of this year.\nOver the last month, LZB stock has gained 12% and now trades at $11.43 a share. However, even with that strong performance, the stock remains down 7% on the year. Strong third-quarter results heading into the holidays could accelerate the growth of La-Z-Boy’s stock.\nAnalysts expect the company to announce Q3 EPS of 73 cents on revenues of $540 million.  La-Z-Boy has outperformed Wall Street’s earnings expectations in the four previous quarters. Overall, La-Z-Boy has grown its revenues by 9.5% and grown its net income by 32.3% since 2018. The furniture retailer is also praised for having a clean balance sheet with $391.21 million in cash on hand and $362.64 million in total debt.\nAnalysts will be watching La-Z-Boy to see if global supply constraints have materially impacted its business or will do so going forward.\nLowe’s (LOW)\nLowe’s, the home improvement retailer and main rival of Home Depot, also reports next week. And, as with Home Depot, Lowe’s stock has been a strong outperformer this year, up a total of 45% to $232.76 a share.\nThe rally in LOW stock has gathered steam in recent weeks, with the share price climbing 11% over the last month. The stellar stock performance has been propelled by exceptional sales that reached a record $27.6 billion in Lowe’s previous quarterly report.\nEqually impressive is the fact that Lowe’s says it now generates 25% of its revenues from professionals such as contractors, electricians and plumbers. It is those professionals that are highly coveted by both Lowe’s and Home Depot as consistent repeat customers.\nIn an effort to attract even more professional customers and keep its sales in record territory, Lowe’s has beendesigning more intuitive store layouts based on helping contractors and other trades find everything they need for a specific job without having to search the entire store.\nAdditionally, the company has moved its website “Lowe’s for Pros” to the cloud, which enabled the company to add enhanced features, faster updates, and provide more personalized offers to those highly sought after professionals.Analysts have forecast that Lowe’s will announce EPS of $2.31 on revenues of $21.77 billion for its most recent quarter.\nTarget (TGT)\nTarget has been yet another top performer among retail stocks, up 44% so far in 2021 and up 60% in the last 52-weeks. At $256.26. TGT stock has run uninterrupted all year.\nHowever, some analysts are raising concerns that the rally could be running out of steam. When Goldman Sachs added Walmart to its conviction list in October, the investment bank removed Target, stating that is expects slower growth from the Minneapolis-based company next year that is more inline with its historic performance. Target will be looking to prove the naysayers wrong when it announces its Q3 results.\nMuch of Target’s turnaround over the past few years is attributed to CEOBrian Cornell, who took over in 2014 as the company was dealing with a data breach that exposed the debit and credit card information of 40 million customers and its expansion into Canada was failing and dragging on the bottom line.\nCornell made the decision to exit Canada and has since invested heavily in e-commerce and brand name apparel. The moves proved to be the right ones judging by TGT stock, which is up 236% over the past five years. For next week’s earnings,Wall Street is anticipating EPS of $2.81 on revenues of $24.59 billion.\nMacy’s (M)\nMacy’s has not only been a top-performing retail stock, it has been one of the best performing of all stocks this year. Since January, Macy’s share price has increased 175% to its current level of $30.89. In the last month alone, M stock has gained 36%. The company has left its competitors in the dust as its shares continue rising higher and higher.\nMacy’s now has a market capitalization approaching $10 billion. The incredible growth is due to a strong e-commerce strategy that has propelled shares higher. Although some analysts have claimed that Macy’s share price appreciation is due to it being treated as a meme stock by retail investors.\nFounded in 1858, Macy’s today operates more than nearly 800 stores under the Macy’s, Bloomingdale’s and Bluemercury brands. The company has recently been targeted by activist group Jana Partners, which is trying to force Macy’s to spin-off its successful and lucrative e-commerce business, which Jana Partners has estimated could be worth $15 billion.\nThe reaction to Jana Partners efforts has been largely negative and it looks as though Macy’s will control its own destiny when it comes to its e-commerce platform. For its latest earnings, analysts forecast Macy’s will report EPS of $0.29 on revenues of $5.18 billion.\nFoot Locker (FL)\nNew York-based footwear and apparel retailer Foot Locker’s latest earnings report comes as its stock has risen 15% in the last month, bringing year-to-date gains to 37%. At $53.86 a share, FL stock is now up nearly 50% in the past 52-weeks.\nThe company just announced that it is launching a brand new apparel line called “LCKR” that is focused on casual wear such as pullover hoodies and sweatpants. Foot Locker enlisted popular rapper Gunna to be the face of its newest brand, which officially launched Oct. 20 and should help boost sales heading into the New Year.\nThe company also recently completed a $360 million acquisition of Japanese retailer Atmos, which sells premium sneakers and apparel at 49 stores around the world, including 39 in Japan. The deal helps to expand Foot Locker globally as the company seeks growth opportunities outside its American home market.\nAnalysts have praised Foot Locker for its recent moves aimed at expanding its brand and operations. When it announces earnings next week,Wall Street is looking for the company to report EPS of $1.35 and revenues of $2.12 billion.","news_type":1,"symbols_score_info":{"FL":0.9,"LOW":0.9,"TGT":0.9,"HD":0.9,"LZB":0.9,"WMT":0.9,"M":0.9}},"isVote":1,"tweetType":1,"viewCount":653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873892593,"gmtCreate":1636905197548,"gmtModify":1636905197548,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Shld I buy now?","listText":"Shld I buy now?","text":"Shld I buy now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/873892593","repostId":"1129543601","repostType":4,"repost":{"id":"1129543601","kind":"news","pubTimestamp":1636770982,"share":"https://www.laohu8.com/m/news/1129543601?lang=zh_CN&edition=full","pubTime":"2021-11-13 10:36","market":"us","language":"en","title":"Palantir: Q3 Beat, Increased FCF, Raises Guidance But Sells Off Creating An Opportunity<blockquote>Palantir：第三季度表现良好，自由现金流增加，提高指引但抛售创造了机会</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129543601","media":"Seeking Alpha","summary":"Summary\n\nPalantir delivered revenue growth QoQ of 36% while generating $119 million in FCF creating ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Palantir delivered revenue growth QoQ of 36% while generating $119 million in FCF creating a 30% margin.</li>  <li>Palantir's commercial revenue increased 37%, and government revenue grew by 34% YoY in Q3 showing strong forward growth trends.</li>  <li>Palantir closed 54 deals in Q3 2021 with at least $1 million in contract value with 33 valued at $5+ million and 18 at $10+ million.</li>  <li>Palantir increases guidance again and expects 40% revenue growth YoY at $1.527 billion and $400 million in FCF up from the previous guidance increase of $300 million.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3fd5d395baf412802ef5e554f0efa64b\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Andreas Rentz/Getty Images Entertainment</span></p><p><blockquote><ul><li>Palantir的收入环比增长36%，同时产生1.19亿美元的自由现金流，利润率为30%。</li><li>Palantir第三季度商业收入同比增长37%，政府收入同比增长34%，显示出强劲的前瞻性增长趋势。</li><li>Palantir在2021年第三季度完成了54笔交易，合同价值至少为100万美元，其中33笔价值超过500万美元，18笔价值超过1000万美元。</li><li>Palantir再次上调指引，预计收入同比增长40%，达到15.27亿美元，自由现金流为4亿美元，高于之前指引的3亿美元。</li></ul><p class=\"t-img-caption\"><span>安德烈亚斯·伦茨/盖蒂图片社娱乐</span></p></blockquote></p><p> Some investors love to hate Palantir (PLTR), which was nicknamed a black box company in the past, while others absolutely love it because they believe PLTR's software is the future. In my previous article on PLTR, I stated that based on PLTR's current revenue trend, they were setting up to deliver $399.41 million in revenue for Q3 and $423.22 million of revenue in Q4. The consensus number was $386.56 million of revenue in Q3, and PLTR delivered $392.1 million and forecasted $418 million in Q4 2021. The reaction in premarket as the earnings call was being conducted was nothing but a sea of red as PLTR sharply declined, and each time a gap tried to fill, the next leg on the downward spiral started. The news wasn't even digested, yet people decided to either take profits, exit their position or lost faith in PLTR.</p><p><blockquote>一些投资者又爱又恨Palantir(PLTR)，它过去被昵称为黑匣子公司，而另一些投资者则绝对喜欢它，因为他们相信PLTR的软件是未来。在我之前关于PLTR的文章中，我表示，根据PLTR当前的收入趋势，他们计划在第三季度实现3.9941亿美元的收入，在第四季度实现4.2322亿美元的收入。市场普遍认为第三季度的收入为3.8656亿美元，PLTR在2021年第四季度实现了3.921亿美元，预测为4.18亿美元。当进行盈利看涨期权时，盘前的反应只不过是PLTR急剧下跌的红海，每次试图填补缺口时，螺旋式下降的下一阶段就开始了。这个消息甚至还没有被消化，但人们决定要么获利了结，要么退出头寸，要么对PLTR失去信心。</blockquote></p><p> What wasn't there to like in the earnings release to cause the sell-off that has been hovering in the -9.03% range? PLTR delivered 36% YoY revenue growth, added 34 new customers in Q3, and closed 54 deals worth $1 million or more. PLTR increased their remaining deal value by 50% YoY to $3.6 billion and delivered $101 million in cash from operations (26% margin), and $199 million in free cash flow (30% margin). PLTR also increased guidance for 2021 as they now expect revenue growth of 40% YoY compared to their previous projection of 30% and increased their projection in FCF to $400 million from $300 million. In addition to the numbers, PLTR announced new product platforms and use cases that have tremendous potential to drive revenue and FCF in the future. I believe this sell-off will be short-lived and I am looking at it as a buying opportunity.</p><p><blockquote>财报中有什么不让人喜欢的地方导致了一直徘徊在-9.03%区间的抛售？PLTR收入同比增长36%，第三季度增加了34个新客户，并完成了54笔价值100万美元或以上的交易。PLTR的剩余交易价值同比增加了50%，达到36亿美元，并提供了1.01亿美元的运营现金（利润率26%）和1.99亿美元的自由现金流（利润率30%）。PLTR还提高了2021年的指导，因为他们现在预计收入同比增长40%，而之前的预测为30%，并将自由现金流预测从3亿美元提高到4亿美元。除了这些数字之外，PLTR还宣布了新的产品平台和用例，这些平台和用例在未来推动收入和自由现金流方面具有巨大潜力。我相信这次抛售将是短暂的，我将其视为买入机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8cfe1dd0e9b2c6a24ce3cb94bcfda56c\" tg-width=\"640\" tg-height=\"341\" width=\"100%\" height=\"auto\"><span>(Source: Seeking Alpha)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：寻求阿尔法）</span></p></blockquote></p><p> <b>Palantir's revenue continues to expand on both the commercial and government side</b></p><p><blockquote><b>Palantir在商业和政府方面的收入持续扩张</b></blockquote></p><p> Quarter after Quarter since PLTR went public, their commercial business has expanded. After five quarters of going public, PLTR's quarterly commercial revenue has increased by $62 million or 55.36%. In Q3 2021, PLTR delivered $174 million in revenue from its commercial operations, which accounted for 44.38% of its $392.1 million quarterly revenue. Over the previous two years, PLTR's Q3 revenue has increased by 85.11% as it grew by 35.11% in Q3 2020 YoY and by another 37.01% YoY in Q3 of 2021. PLTR's commercial remaining deal value increased by 101% YoY from $1.1 billion in Q3 2020 to $2.2 billion in Q3 2021. Commercial customers are inviting PLTR to present their software solutions, and PLTR is winning their business. In Q3 2021, PLTR added 34 net new customers increasing their commercial customer base by 20% QoQ to 203. Over the past year, PLTR has seen its commercial customer base expand by 46.04% as it has grown by 64 clients from 139 to 203. Anyone who still classifies PLTR as a black box is not being accurate as the commercial market is learning about PLTR's software platforms and implementing their solutions to improve their operations.</p><p><blockquote>自PLTR上市以来，他们的商业业务逐季扩张。上市五个季度后，PLTR的季度商业收入增长了6200万美元，增幅为55.36%。2021年第三季度，PLTR的商业运营收入为1.74亿美元，占其3.921亿美元季度收入的44.38%。过去两年，PLTR第三季度收入增长了85.11%，其中2020年第三季度同比增长35.11%，2021年第三季度同比增长37.01%。PLTR的商业剩余交易价值同比增长101%，从2020年第三季度的11亿美元增至2021年第三季度的22亿美元。商业客户邀请PLTR展示他们的软件解决方案，PLTR正在赢得他们的业务。2021年第三季度，PLTR净新增34家新客户，商业客户群环比增加20%，达到203家。过去一年，PLTR的商业客户群扩大了46.04%，客户数量从139个增加到203个，增加了64个。任何仍然将PLTR归类为黑匣子的人都是不准确的，因为商业市场正在了解PLTR的软件平台并实施其解决方案以改善其运营。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa4084630f4e4be30a41c925c5a3fd0a\" tg-width=\"640\" tg-height=\"374\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> Since Q1 of 2020, PLTR has increased its quarterly revenue by $163.1 million (71.23%) at an average quarterly growth rate of 9.43% QoQ. In Q3 of 2021, this trend stayed intact as revenue increased by $16.1 million QoQ or 4.28%. While the quarterly revenue growth slowed a bit QoQ compared to 10.26% in Q2 2021, PLTR is projecting its Q4 2021 revenue will be $418 million. PLTR is expecting to deliver another company record and generate $25.9 million (6.61%) in QoQ growth to close out the year.</p><p><blockquote>自2020年第一季度以来，PLTR的季度收入增加了1.631亿美元（71.23%），平均季度环比增长率为9.43%。2021年第三季度，这一趋势保持不变，收入环比增长1610万美元，即4.28%。虽然与2021年第二季度的10.26%相比，季度收入增长环比略有放缓，但PLTR预计2021年第四季度收入将为4.18亿美元。PLTR预计将再创公司纪录，并在年底实现2590万美元（6.61%）的环比增长。</blockquote></p><p></p><p> The same growth story applies to their total revenue in the trailing twelve months (TTM) as well. Over the last six quarters, PLTR's TTM revenue has increased by $620.6 million (76.55%) from $810.6 million to $1.43 billion. On average, PLTR's TTM revenue growth has increased by $103.42 million (9.94%) QoQ. In Q1 2020 - Q3 2020, their average QoQ revenue growth was $94.03 million, and this has increased substantially as the past three quarters have all increased by at least $105 million QoQ. In Q3 2021, PLTR increased its TTM revenue to $1.43 billion as it added $106.8 million (8.06%) in QoQ revenue growth. Just like the quarterly metric, PLTR's TTM is expected to grow QoQ by an additional $95.9 million to $1.527 billion compared to $1.51 billion in the consensus estimate. This would place PLTR's annual revenue growth YoY well ahead of their 30% projection as they would finish 2021 having increased its revenue by $434.30 million (39.75%)</p><p><blockquote>同样的增长故事也适用于他们过去12个月(TTM)的总收入。在过去六个季度中，PLTR的TTM收入从8.106亿美元增加到14.3亿美元，增加了6.206亿美元（76.55%）。平均而言，PLTR的TTM收入环比增长1.0342亿美元（9.94%）。在Q1 2020-2020年第三季度，他们的平均环比收入增长为9403万美元，这一数字大幅增长，因为过去三个季度环比增长了至少1.05亿美元。2021年第三季度，PLTR的TTM收入增加至14.3亿美元，环比收入增长1.068亿美元（8.06%）。就像季度指标一样，PLTR的TTM预计将环比增长9590万美元，达到15.27亿美元，而市场普遍预期为15.1亿美元。这将使PLTR的年收入同比增长远高于30%的预测，因为到2021年，他们的收入将增加4.343亿美元(39.75%)</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0ec6211d7ecb04785f406c7661c9124\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> I am shocked PLTR is still in the red. PLTR is a high-growth company that is now FCF positive and expanding its metrics. In the first nine months of 2020, PLTR generated -$285 million in FCF, and at the end of the first nine months of 2021, PLTR has delivered a $605 million swing as it has produced $320 million in FCF YTD. PLTR previously increased their 2021 FCF guidance to $300, and they just increased it again to $400+ million. In the span of three months, PLTR increased its FCF projection by an additional 33.33%. In Q3, PLTR's FCF margin was 30%, and they are projecting $400+ million in FCF for 2021. At the very minimum, this would mean they will tack on an additional $80 million in FCF for 2021. If PLTR delivers $1.527 billion in revenue and $400 million in FCF, its 2021 FCF margin would be 26.2%. PLTR is still projecting 30% annual revenue growth YoY thru 2025, which would place their 2025 revenue at $4.36 billion based on their projection of $1.527 for 2021. At PLTR's current FCF margin, they would generate $1.14 billion in FCF in 2025. Considering PLTR's current trends, if they exceeded their projections and grew at 35% YoY, it would place their 2025 revenue at $5.07 billion. At their current FCF margin, they would then generate $1.33 billion in FCF in 2025.</p><p><blockquote>我很震惊PLTR仍然处于亏损状态。PLTR是一家高增长公司，目前自由现金流为正，并正在扩大其指标。2020年前9个月，PLTR产生了-2.85亿美元的自由现金流，截至2021年前9个月末，PLTR实现了6.05亿美元的波动，年初至今已产生了3.2亿美元的自由现金流。PLTR此前将2021年自由现金流指引提高至300美元，而他们刚刚再次将其提高至4亿美元以上。在三个月的时间里，PLTR将其自由现金流预测额外增加了33.33%。第三季度，PLTR的自由现金流利润率为30%，预计2021年自由现金流将超过4亿美元。至少，这意味着他们将在2021年额外增加8000万美元的自由现金流。如果PLTR实现15.27亿美元的收入和4亿美元的自由现金流，其2021年的自由现金流利润率将为26.2%。PLTR仍预计到2025年年收入将同比增长30%，根据2021年1.527美元的预测，2025年收入将达到43.6亿美元。按照PLTR目前的自由现金流利润率，他们将在2025年产生11.4亿美元的自由现金流。考虑到PLTR目前的趋势，如果他们超出预测并同比增长35%，那么他们2025年的收入将达到50.7亿美元。按照目前的自由现金流利润率，到2025年，他们将产生13.3亿美元的自由现金流。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87cff0d5c5ef70ea6926a1323c77bfe4\" tg-width=\"640\" tg-height=\"306\" width=\"100%\" height=\"auto\"><span>(Source: PLTR)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：PLTR）</span></p></blockquote></p><p> PLTR is firing on all cylinders. YoY, their Q3 revenue grew by 36%, they raised guidance on their FCF for a 2nd time from $300 million to $400+ million and have increased their annual revenue growth guidance from 30% to roughly 40%. PLTR is still maintaining its future revenue outlook of 30% annually YoY and is creating some impressive margins. PLTR's commercial revenue grew YoY by 37%, and their government revenue grew by 34% YoY in Q3. PLTR closed at least 54 deals worth at least $1 million during Q3, and 33 of those were at least $5 million in revenue, and 18 were at least $10 million in revenue. PLTR's growth metrics are impressive, and I am expecting them to under promise and over deliver going forward.</p><p><blockquote>PLTR正在全速点火。第三季度收入同比增长36%，第二次将自由现金流指引从3亿美元上调至4亿美元以上，并将年收入增长指引从30%上调至约40%。PLTR仍维持每年30%的未来收入前景，并创造了一些令人印象深刻的利润。第三季度PLTR的商业收入同比增长37%，政府收入同比增长34%。PLTR在第三季度完成了至少54笔价值至少100万美元的交易，其中33笔收入至少500万美元，18笔收入至少1000万美元。PLTR的增长指标令人印象深刻，我预计它们未来将低于承诺并超额交付。</blockquote></p><p> <b>Palantir is entering two new sectors that are going to be huge, carbon emissions, and crypto</b></p><p><blockquote><b>Palantir正在进入两个巨大的新领域：碳排放和加密货币</b></blockquote></p><p> In the past, I have written about future opportunities with the government, Amazon(NASDAQ:AMZN), and International Business Machines(NYSE:IBM). On today's earnings call, PLTR introduced significant information surrounding two new products they will be offering for carbon emissions and crypto.</p><p><blockquote>过去，我曾写过有关政府、亚马逊（纳斯达克股票代码：AMZN）和国际商业机器公司（纽约证券交易所股票代码：IBM）未来机遇的文章。在今天的收益看涨期权上，PLTR介绍了有关他们将为碳排放和加密货币提供的两种新产品的重要信息。</blockquote></p><p></p><p> There has been a fundamental shift in the USA over climate, and President Biden rejoined the Paris Agreement to reengage in tackling climate change. Part ofthe planis to reach a net-zero emission economy-wide by 2050. Recently President Biden at the United Nations climate summit in Glasgow, Scotland, pledged to work with the European Union and dozens of other nations to reduce overall methane emissions worldwide by 30% by 2030. No matter what your stance on climate is, there are many who believe we need to lower emissions, and many nations are working on a goal. To comply, companies such as&nbsp;Exxon Mobil(NYSE:XOM)&nbsp;are conducting longer-term research on several promising innovations with outside organizations, including direct air capture technology to&nbsp;scrub emissions out of the air&nbsp;and carbonate fuel cells&nbsp;to capture industrial emissions&nbsp;from flue gas streams of power plants or manufacturing facilities. Carbon emissions management is already a booming business, and PLTR is creating a module on Foundry to present a single pane to view revenue, margin, production, and all emissions so companies can manage outcomes more efficiently. Personally, I believe this has enormous potential to drive revenue for PLTR in the future.</p><p><blockquote>美国在气候问题上发生了根本性转变，拜登总统重新加入了《巴黎协定》，重新参与应对气候变化。该计划的一部分是到2050年实现整个经济的净零排放。最近，拜登总统在苏格兰格拉斯哥举行的联合国气候峰会上承诺与欧盟和其他数十个国家合作，到2030年将全球甲烷总排放量减少30%。无论你对气候的立场是什么，有许多人认为我们需要降低排放，许多国家正在朝着一个目标努力。为了遵守规定，埃克森美孚（纽约证券交易所股票代码：XOM）等公司正在与外部组织对几项有前途的创新进行长期研究，包括用于清除空气中排放物的直接空气捕获技术和用于捕获烟道中工业排放的碳酸盐燃料电池发电厂或制造设施的气流。碳排放管理已经是一项蓬勃发展的业务，PLTR正在Foundry上创建一个模块，以提供一个单一的窗格来查看收入、利润、生产和所有排放，以便公司可以更有效地管理结果。就我个人而言，我相信这对于推动PLTR未来的收入具有巨大的潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2386d938e7f452a340dbb130de508f6\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> The second huge prospect that PLTR discussed was Foundry for crypto. It looks like PLTR is leveraging their anti-money laundering and know-your-customer expertise. PLTR has worked with several governments over the years to find compliance issues with the world's largest banks and help those banks respond and strengthen their compliance programs. This makes complete sense, and when you go back to the contracts, PLTR has been awarded from the IRS and SEC (discussed in previous articles). In Q3 alone, PLTR inked 6 contracts with the IRS. If I had to guess, PLTR's software would be utilized by the IRS and the SEC on the government side and adopted on the commercial side by banks and crypto exchanges. Currently, in the past 24 hours,Coinbase(NASDAQ:COIN)&nbsp;is showing that Bitcoin (BTC-USD) has incurred a trading volume of $43.8 billion. I think PLTR will end up driving future revenue from both government and commercial contracts from its Foundry for Crypto.</p><p><blockquote>PLTR讨论的第二个巨大前景是加密货币代工。看起来PLTR正在利用他们的反洗钱和了解你的客户的专业知识。多年来，PLTR一直与多个政府合作，寻找全球最大银行的合规问题，并帮助这些银行应对和加强其合规计划。这是完全有道理的，当您回到合同时，PLTR已获得IRS和SEC的授予（在之前的文章中讨论过）。仅在第三季度，PLTR就与IRS签署了6份合同。如果让我猜的话，PLTR的软件将被IRS和SEC在政府方面使用，并被银行和加密货币交易所在商业方面采用。目前，在过去24小时内，Coinbase（纳斯达克：COIN）显示比特币（BTC-USD）的交易量为438亿美元。我认为PLTR最终将从其加密货币代工厂的政府和商业合同中获得未来的收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53c762e27799c80dbaa9914bb98a6a10\" tg-width=\"624\" tg-height=\"234\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Federal Procurement Database)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：联邦采购数据库）</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/005d57c6c5c926b35eac100fa35c7415\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> PLTR has become another statistic of the market misunderstanding its earnings and selling the news when the news was great. What more does anyone want PLTR to do? This was an excellent quarter with revenue increasing 36% YoY in Q3, FCF came in at $119 million with a 30% margin, and PLTR closed 54 deals worth more than $1 million each. PLTR beats revenue estimates, increases guidance for its full-year revenue than for the 2nd time, increases its FCF guidance. This was a sell the news on all positive factors, which is creating a buying opportunity. I am staying long on PLTR and plan to add to my position if the sell-off continues.</p><p><blockquote>PLTR已经成为市场误解其收益并在消息好的时候抛售消息的另一个统计数据。还有人想让PLTR做什么？这是一个出色的季度，第三季度收入同比增长36%，自由现金流为1.19亿美元，利润率为30%，PLTR完成了54笔交易，每笔价值超过100万美元。PLTR超出收入预期，第二次上调全年收入指引，上调自由现金流指引。这是一个基于所有积极因素的卖出消息，这创造了买入机会。我将做多PLTR，如果抛售继续，我计划增加我的头寸。</blockquote></p><p> <b>Seeking Alpha Marketplace</b></p><p><blockquote><b>寻求阿尔法市场</b></blockquote></p><p> I will be launching a subscription service called Barbell Capital on the Seeking Alpha Marketplace. Barbell Capital will provide exclusive research, model portfolios, investment tools, Q&amp;A sessions, watchlists, and additional features for its members. I will also have a live portfolio dedicated to generating capital from trading, selling puts and selling covered calls. The profits will be allocated to future capital appreciating investments and investing in dividend investments to generate income while we sleep.</p><p><blockquote>我将在Seeking Alpha市场上推出一项名为Barbell Capital的订阅服务。Barbell Capital将为其成员提供独家研究、模型投资组合、投资工具、问答环节、观察列表和其他功能。我还将拥有一个实时投资组合，致力于通过交易、出售看跌期权和出售备兑评级来产生资本。利润将分配给未来的资本增值投资和投资股息投资，在我们睡觉时产生收入。</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>Palantir: Q3 Beat, Increased FCF, Raises Guidance But Sells Off Creating An Opportunity<blockquote>Palantir：第三季度表现良好，自由现金流增加，提高指引但抛售创造了机会</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\">\nPalantir: Q3 Beat, Increased FCF, Raises Guidance But Sells Off Creating An Opportunity<blockquote>Palantir：第三季度表现良好，自由现金流增加，提高指引但抛售创造了机会</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-11-13 10:36</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>Palantir delivered revenue growth QoQ of 36% while generating $119 million in FCF creating a 30% margin.</li>  <li>Palantir's commercial revenue increased 37%, and government revenue grew by 34% YoY in Q3 showing strong forward growth trends.</li>  <li>Palantir closed 54 deals in Q3 2021 with at least $1 million in contract value with 33 valued at $5+ million and 18 at $10+ million.</li>  <li>Palantir increases guidance again and expects 40% revenue growth YoY at $1.527 billion and $400 million in FCF up from the previous guidance increase of $300 million.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3fd5d395baf412802ef5e554f0efa64b\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Andreas Rentz/Getty Images Entertainment</span></p><p><blockquote><ul><li>Palantir的收入环比增长36%，同时产生1.19亿美元的自由现金流，利润率为30%。</li><li>Palantir第三季度商业收入同比增长37%，政府收入同比增长34%，显示出强劲的前瞻性增长趋势。</li><li>Palantir在2021年第三季度完成了54笔交易，合同价值至少为100万美元，其中33笔价值超过500万美元，18笔价值超过1000万美元。</li><li>Palantir再次上调指引，预计收入同比增长40%，达到15.27亿美元，自由现金流为4亿美元，高于之前指引的3亿美元。</li></ul><p class=\"t-img-caption\"><span>安德烈亚斯·伦茨/盖蒂图片社娱乐</span></p></blockquote></p><p> Some investors love to hate Palantir (PLTR), which was nicknamed a black box company in the past, while others absolutely love it because they believe PLTR's software is the future. In my previous article on PLTR, I stated that based on PLTR's current revenue trend, they were setting up to deliver $399.41 million in revenue for Q3 and $423.22 million of revenue in Q4. The consensus number was $386.56 million of revenue in Q3, and PLTR delivered $392.1 million and forecasted $418 million in Q4 2021. The reaction in premarket as the earnings call was being conducted was nothing but a sea of red as PLTR sharply declined, and each time a gap tried to fill, the next leg on the downward spiral started. The news wasn't even digested, yet people decided to either take profits, exit their position or lost faith in PLTR.</p><p><blockquote>一些投资者又爱又恨Palantir(PLTR)，它过去被昵称为黑匣子公司，而另一些投资者则绝对喜欢它，因为他们相信PLTR的软件是未来。在我之前关于PLTR的文章中，我表示，根据PLTR当前的收入趋势，他们计划在第三季度实现3.9941亿美元的收入，在第四季度实现4.2322亿美元的收入。市场普遍认为第三季度的收入为3.8656亿美元，PLTR在2021年第四季度实现了3.921亿美元，预测为4.18亿美元。当进行盈利看涨期权时，盘前的反应只不过是PLTR急剧下跌的红海，每次试图填补缺口时，螺旋式下降的下一阶段就开始了。这个消息甚至还没有被消化，但人们决定要么获利了结，要么退出头寸，要么对PLTR失去信心。</blockquote></p><p> What wasn't there to like in the earnings release to cause the sell-off that has been hovering in the -9.03% range? PLTR delivered 36% YoY revenue growth, added 34 new customers in Q3, and closed 54 deals worth $1 million or more. PLTR increased their remaining deal value by 50% YoY to $3.6 billion and delivered $101 million in cash from operations (26% margin), and $199 million in free cash flow (30% margin). PLTR also increased guidance for 2021 as they now expect revenue growth of 40% YoY compared to their previous projection of 30% and increased their projection in FCF to $400 million from $300 million. In addition to the numbers, PLTR announced new product platforms and use cases that have tremendous potential to drive revenue and FCF in the future. I believe this sell-off will be short-lived and I am looking at it as a buying opportunity.</p><p><blockquote>财报中有什么不让人喜欢的地方导致了一直徘徊在-9.03%区间的抛售？PLTR收入同比增长36%，第三季度增加了34个新客户，并完成了54笔价值100万美元或以上的交易。PLTR的剩余交易价值同比增加了50%，达到36亿美元，并提供了1.01亿美元的运营现金（利润率26%）和1.99亿美元的自由现金流（利润率30%）。PLTR还提高了2021年的指导，因为他们现在预计收入同比增长40%，而之前的预测为30%，并将自由现金流预测从3亿美元提高到4亿美元。除了这些数字之外，PLTR还宣布了新的产品平台和用例，这些平台和用例在未来推动收入和自由现金流方面具有巨大潜力。我相信这次抛售将是短暂的，我将其视为买入机会。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8cfe1dd0e9b2c6a24ce3cb94bcfda56c\" tg-width=\"640\" tg-height=\"341\" width=\"100%\" height=\"auto\"><span>(Source: Seeking Alpha)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：寻求阿尔法）</span></p></blockquote></p><p> <b>Palantir's revenue continues to expand on both the commercial and government side</b></p><p><blockquote><b>Palantir在商业和政府方面的收入持续扩张</b></blockquote></p><p> Quarter after Quarter since PLTR went public, their commercial business has expanded. After five quarters of going public, PLTR's quarterly commercial revenue has increased by $62 million or 55.36%. In Q3 2021, PLTR delivered $174 million in revenue from its commercial operations, which accounted for 44.38% of its $392.1 million quarterly revenue. Over the previous two years, PLTR's Q3 revenue has increased by 85.11% as it grew by 35.11% in Q3 2020 YoY and by another 37.01% YoY in Q3 of 2021. PLTR's commercial remaining deal value increased by 101% YoY from $1.1 billion in Q3 2020 to $2.2 billion in Q3 2021. Commercial customers are inviting PLTR to present their software solutions, and PLTR is winning their business. In Q3 2021, PLTR added 34 net new customers increasing their commercial customer base by 20% QoQ to 203. Over the past year, PLTR has seen its commercial customer base expand by 46.04% as it has grown by 64 clients from 139 to 203. Anyone who still classifies PLTR as a black box is not being accurate as the commercial market is learning about PLTR's software platforms and implementing their solutions to improve their operations.</p><p><blockquote>自PLTR上市以来，他们的商业业务逐季扩张。上市五个季度后，PLTR的季度商业收入增长了6200万美元，增幅为55.36%。2021年第三季度，PLTR的商业运营收入为1.74亿美元，占其3.921亿美元季度收入的44.38%。过去两年，PLTR第三季度收入增长了85.11%，其中2020年第三季度同比增长35.11%，2021年第三季度同比增长37.01%。PLTR的商业剩余交易价值同比增长101%，从2020年第三季度的11亿美元增至2021年第三季度的22亿美元。商业客户邀请PLTR展示他们的软件解决方案，PLTR正在赢得他们的业务。2021年第三季度，PLTR净新增34家新客户，商业客户群环比增加20%，达到203家。过去一年，PLTR的商业客户群扩大了46.04%，客户数量从139个增加到203个，增加了64个。任何仍然将PLTR归类为黑匣子的人都是不准确的，因为商业市场正在了解PLTR的软件平台并实施其解决方案以改善其运营。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa4084630f4e4be30a41c925c5a3fd0a\" tg-width=\"640\" tg-height=\"374\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> Since Q1 of 2020, PLTR has increased its quarterly revenue by $163.1 million (71.23%) at an average quarterly growth rate of 9.43% QoQ. In Q3 of 2021, this trend stayed intact as revenue increased by $16.1 million QoQ or 4.28%. While the quarterly revenue growth slowed a bit QoQ compared to 10.26% in Q2 2021, PLTR is projecting its Q4 2021 revenue will be $418 million. PLTR is expecting to deliver another company record and generate $25.9 million (6.61%) in QoQ growth to close out the year.</p><p><blockquote>自2020年第一季度以来，PLTR的季度收入增加了1.631亿美元（71.23%），平均季度环比增长率为9.43%。2021年第三季度，这一趋势保持不变，收入环比增长1610万美元，即4.28%。虽然与2021年第二季度的10.26%相比，季度收入增长环比略有放缓，但PLTR预计2021年第四季度收入将为4.18亿美元。PLTR预计将再创公司纪录，并在年底实现2590万美元（6.61%）的环比增长。</blockquote></p><p></p><p> The same growth story applies to their total revenue in the trailing twelve months (TTM) as well. Over the last six quarters, PLTR's TTM revenue has increased by $620.6 million (76.55%) from $810.6 million to $1.43 billion. On average, PLTR's TTM revenue growth has increased by $103.42 million (9.94%) QoQ. In Q1 2020 - Q3 2020, their average QoQ revenue growth was $94.03 million, and this has increased substantially as the past three quarters have all increased by at least $105 million QoQ. In Q3 2021, PLTR increased its TTM revenue to $1.43 billion as it added $106.8 million (8.06%) in QoQ revenue growth. Just like the quarterly metric, PLTR's TTM is expected to grow QoQ by an additional $95.9 million to $1.527 billion compared to $1.51 billion in the consensus estimate. This would place PLTR's annual revenue growth YoY well ahead of their 30% projection as they would finish 2021 having increased its revenue by $434.30 million (39.75%)</p><p><blockquote>同样的增长故事也适用于他们过去12个月(TTM)的总收入。在过去六个季度中，PLTR的TTM收入从8.106亿美元增加到14.3亿美元，增加了6.206亿美元（76.55%）。平均而言，PLTR的TTM收入环比增长1.0342亿美元（9.94%）。在Q1 2020-2020年第三季度，他们的平均环比收入增长为9403万美元，这一数字大幅增长，因为过去三个季度环比增长了至少1.05亿美元。2021年第三季度，PLTR的TTM收入增加至14.3亿美元，环比收入增长1.068亿美元（8.06%）。就像季度指标一样，PLTR的TTM预计将环比增长9590万美元，达到15.27亿美元，而市场普遍预期为15.1亿美元。这将使PLTR的年收入同比增长远高于30%的预测，因为到2021年，他们的收入将增加4.343亿美元(39.75%)</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0ec6211d7ecb04785f406c7661c9124\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：Palantir）</span></p></blockquote></p><p> I am shocked PLTR is still in the red. PLTR is a high-growth company that is now FCF positive and expanding its metrics. In the first nine months of 2020, PLTR generated -$285 million in FCF, and at the end of the first nine months of 2021, PLTR has delivered a $605 million swing as it has produced $320 million in FCF YTD. PLTR previously increased their 2021 FCF guidance to $300, and they just increased it again to $400+ million. In the span of three months, PLTR increased its FCF projection by an additional 33.33%. In Q3, PLTR's FCF margin was 30%, and they are projecting $400+ million in FCF for 2021. At the very minimum, this would mean they will tack on an additional $80 million in FCF for 2021. If PLTR delivers $1.527 billion in revenue and $400 million in FCF, its 2021 FCF margin would be 26.2%. PLTR is still projecting 30% annual revenue growth YoY thru 2025, which would place their 2025 revenue at $4.36 billion based on their projection of $1.527 for 2021. At PLTR's current FCF margin, they would generate $1.14 billion in FCF in 2025. Considering PLTR's current trends, if they exceeded their projections and grew at 35% YoY, it would place their 2025 revenue at $5.07 billion. At their current FCF margin, they would then generate $1.33 billion in FCF in 2025.</p><p><blockquote>我很震惊PLTR仍然处于亏损状态。PLTR是一家高增长公司，目前自由现金流为正，并正在扩大其指标。2020年前9个月，PLTR产生了-2.85亿美元的自由现金流，截至2021年前9个月末，PLTR实现了6.05亿美元的波动，年初至今已产生了3.2亿美元的自由现金流。PLTR此前将2021年自由现金流指引提高至300美元，而他们刚刚再次将其提高至4亿美元以上。在三个月的时间里，PLTR将其自由现金流预测额外增加了33.33%。第三季度，PLTR的自由现金流利润率为30%，预计2021年自由现金流将超过4亿美元。至少，这意味着他们将在2021年额外增加8000万美元的自由现金流。如果PLTR实现15.27亿美元的收入和4亿美元的自由现金流，其2021年的自由现金流利润率将为26.2%。PLTR仍预计到2025年年收入将同比增长30%，根据2021年1.527美元的预测，2025年收入将达到43.6亿美元。按照PLTR目前的自由现金流利润率，他们将在2025年产生11.4亿美元的自由现金流。考虑到PLTR目前的趋势，如果他们超出预测并同比增长35%，那么他们2025年的收入将达到50.7亿美元。按照目前的自由现金流利润率，到2025年，他们将产生13.3亿美元的自由现金流。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87cff0d5c5ef70ea6926a1323c77bfe4\" tg-width=\"640\" tg-height=\"306\" width=\"100%\" height=\"auto\"><span>(Source: PLTR)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：PLTR）</span></p></blockquote></p><p> PLTR is firing on all cylinders. YoY, their Q3 revenue grew by 36%, they raised guidance on their FCF for a 2nd time from $300 million to $400+ million and have increased their annual revenue growth guidance from 30% to roughly 40%. PLTR is still maintaining its future revenue outlook of 30% annually YoY and is creating some impressive margins. PLTR's commercial revenue grew YoY by 37%, and their government revenue grew by 34% YoY in Q3. PLTR closed at least 54 deals worth at least $1 million during Q3, and 33 of those were at least $5 million in revenue, and 18 were at least $10 million in revenue. PLTR's growth metrics are impressive, and I am expecting them to under promise and over deliver going forward.</p><p><blockquote>PLTR正在全速点火。第三季度收入同比增长36%，第二次将自由现金流指引从3亿美元上调至4亿美元以上，并将年收入增长指引从30%上调至约40%。PLTR仍维持每年30%的未来收入前景，并创造了一些令人印象深刻的利润。第三季度PLTR的商业收入同比增长37%，政府收入同比增长34%。PLTR在第三季度完成了至少54笔价值至少100万美元的交易，其中33笔收入至少500万美元，18笔收入至少1000万美元。PLTR的增长指标令人印象深刻，我预计它们未来将低于承诺并超额交付。</blockquote></p><p> <b>Palantir is entering two new sectors that are going to be huge, carbon emissions, and crypto</b></p><p><blockquote><b>Palantir正在进入两个巨大的新领域：碳排放和加密货币</b></blockquote></p><p> In the past, I have written about future opportunities with the government, Amazon(NASDAQ:AMZN), and International Business Machines(NYSE:IBM). On today's earnings call, PLTR introduced significant information surrounding two new products they will be offering for carbon emissions and crypto.</p><p><blockquote>过去，我曾写过有关政府、亚马逊（纳斯达克股票代码：AMZN）和国际商业机器公司（纽约证券交易所股票代码：IBM）未来机遇的文章。在今天的收益看涨期权上，PLTR介绍了有关他们将为碳排放和加密货币提供的两种新产品的重要信息。</blockquote></p><p></p><p> There has been a fundamental shift in the USA over climate, and President Biden rejoined the Paris Agreement to reengage in tackling climate change. Part ofthe planis to reach a net-zero emission economy-wide by 2050. Recently President Biden at the United Nations climate summit in Glasgow, Scotland, pledged to work with the European Union and dozens of other nations to reduce overall methane emissions worldwide by 30% by 2030. No matter what your stance on climate is, there are many who believe we need to lower emissions, and many nations are working on a goal. To comply, companies such as&nbsp;Exxon Mobil(NYSE:XOM)&nbsp;are conducting longer-term research on several promising innovations with outside organizations, including direct air capture technology to&nbsp;scrub emissions out of the air&nbsp;and carbonate fuel cells&nbsp;to capture industrial emissions&nbsp;from flue gas streams of power plants or manufacturing facilities. Carbon emissions management is already a booming business, and PLTR is creating a module on Foundry to present a single pane to view revenue, margin, production, and all emissions so companies can manage outcomes more efficiently. Personally, I believe this has enormous potential to drive revenue for PLTR in the future.</p><p><blockquote>美国在气候问题上发生了根本性转变，拜登总统重新加入了《巴黎协定》，重新参与应对气候变化。该计划的一部分是到2050年实现整个经济的净零排放。最近，拜登总统在苏格兰格拉斯哥举行的联合国气候峰会上承诺与欧盟和其他数十个国家合作，到2030年将全球甲烷总排放量减少30%。无论你对气候的立场是什么，有许多人认为我们需要降低排放，许多国家正在朝着一个目标努力。为了遵守规定，埃克森美孚（纽约证券交易所股票代码：XOM）等公司正在与外部组织对几项有前途的创新进行长期研究，包括用于清除空气中排放物的直接空气捕获技术和用于捕获烟道中工业排放的碳酸盐燃料电池发电厂或制造设施的气流。碳排放管理已经是一项蓬勃发展的业务，PLTR正在Foundry上创建一个模块，以提供一个单一的窗格来查看收入、利润、生产和所有排放，以便公司可以更有效地管理结果。就我个人而言，我相信这对于推动PLTR未来的收入具有巨大的潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2386d938e7f452a340dbb130de508f6\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> The second huge prospect that PLTR discussed was Foundry for crypto. It looks like PLTR is leveraging their anti-money laundering and know-your-customer expertise. PLTR has worked with several governments over the years to find compliance issues with the world's largest banks and help those banks respond and strengthen their compliance programs. This makes complete sense, and when you go back to the contracts, PLTR has been awarded from the IRS and SEC (discussed in previous articles). In Q3 alone, PLTR inked 6 contracts with the IRS. If I had to guess, PLTR's software would be utilized by the IRS and the SEC on the government side and adopted on the commercial side by banks and crypto exchanges. Currently, in the past 24 hours,Coinbase(NASDAQ:COIN)&nbsp;is showing that Bitcoin (BTC-USD) has incurred a trading volume of $43.8 billion. I think PLTR will end up driving future revenue from both government and commercial contracts from its Foundry for Crypto.</p><p><blockquote>PLTR讨论的第二个巨大前景是加密货币代工。看起来PLTR正在利用他们的反洗钱和了解你的客户的专业知识。多年来，PLTR一直与多个政府合作，寻找全球最大银行的合规问题，并帮助这些银行应对和加强其合规计划。这是完全有道理的，当您回到合同时，PLTR已获得IRS和SEC的授予（在之前的文章中讨论过）。仅在第三季度，PLTR就与IRS签署了6份合同。如果让我猜的话，PLTR的软件将被IRS和SEC在政府方面使用，并被银行和加密货币交易所在商业方面采用。目前，在过去24小时内，Coinbase（纳斯达克：COIN）显示比特币（BTC-USD）的交易量为438亿美元。我认为PLTR最终将从其加密货币代工厂的政府和商业合同中获得未来的收入。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53c762e27799c80dbaa9914bb98a6a10\" tg-width=\"624\" tg-height=\"234\" width=\"100%\" height=\"auto\"><span>(Source: Steven Fiorillo) (Data Source: Federal Procurement Database)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Steven Fiorillo）（数据来源：联邦采购数据库）</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/005d57c6c5c926b35eac100fa35c7415\" tg-width=\"640\" tg-height=\"360\" width=\"100%\" height=\"auto\"><span>(Source: Palantir)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：Palantir）</span></p></blockquote></p><p> <b>Conclusion</b></p><p><blockquote><b>结论</b></blockquote></p><p> PLTR has become another statistic of the market misunderstanding its earnings and selling the news when the news was great. What more does anyone want PLTR to do? This was an excellent quarter with revenue increasing 36% YoY in Q3, FCF came in at $119 million with a 30% margin, and PLTR closed 54 deals worth more than $1 million each. PLTR beats revenue estimates, increases guidance for its full-year revenue than for the 2nd time, increases its FCF guidance. This was a sell the news on all positive factors, which is creating a buying opportunity. I am staying long on PLTR and plan to add to my position if the sell-off continues.</p><p><blockquote>PLTR已经成为市场误解其收益并在消息好的时候抛售消息的另一个统计数据。还有人想让PLTR做什么？这是一个出色的季度，第三季度收入同比增长36%，自由现金流为1.19亿美元，利润率为30%，PLTR完成了54笔交易，每笔价值超过100万美元。PLTR超出收入预期，第二次上调全年收入指引，上调自由现金流指引。这是一个基于所有积极因素的卖出消息，这创造了买入机会。我将做多PLTR，如果抛售继续，我计划增加我的头寸。</blockquote></p><p> <b>Seeking Alpha Marketplace</b></p><p><blockquote><b>寻求阿尔法市场</b></blockquote></p><p> I will be launching a subscription service called Barbell Capital on the Seeking Alpha Marketplace. Barbell Capital will provide exclusive research, model portfolios, investment tools, Q&amp;A sessions, watchlists, and additional features for its members. I will also have a live portfolio dedicated to generating capital from trading, selling puts and selling covered calls. The profits will be allocated to future capital appreciating investments and investing in dividend investments to generate income while we sleep.</p><p><blockquote>我将在Seeking Alpha市场上推出一项名为Barbell Capital的订阅服务。Barbell Capital将为其成员提供独家研究、模型投资组合、投资工具、问答环节、观察列表和其他功能。我还将拥有一个实时投资组合，致力于通过交易、出售看跌期权和出售备兑评级来产生资本。利润将分配给未来的资本增值投资和投资股息投资，在我们睡觉时产生收入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4468059-palantir-q3-beat-creating-an-opportunity\">Seeking Alpha</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":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4468059-palantir-q3-beat-creating-an-opportunity","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129543601","content_text":"Summary\n\nPalantir delivered revenue growth QoQ of 36% while generating $119 million in FCF creating a 30% margin.\nPalantir's commercial revenue increased 37%, and government revenue grew by 34% YoY in Q3 showing strong forward growth trends.\nPalantir closed 54 deals in Q3 2021 with at least $1 million in contract value with 33 valued at $5+ million and 18 at $10+ million.\nPalantir increases guidance again and expects 40% revenue growth YoY at $1.527 billion and $400 million in FCF up from the previous guidance increase of $300 million.\n\nAndreas Rentz/Getty Images Entertainment\nSome investors love to hate Palantir (PLTR), which was nicknamed a black box company in the past, while others absolutely love it because they believe PLTR's software is the future. In my previous article on PLTR, I stated that based on PLTR's current revenue trend, they were setting up to deliver $399.41 million in revenue for Q3 and $423.22 million of revenue in Q4. The consensus number was $386.56 million of revenue in Q3, and PLTR delivered $392.1 million and forecasted $418 million in Q4 2021. The reaction in premarket as the earnings call was being conducted was nothing but a sea of red as PLTR sharply declined, and each time a gap tried to fill, the next leg on the downward spiral started. The news wasn't even digested, yet people decided to either take profits, exit their position or lost faith in PLTR.\nWhat wasn't there to like in the earnings release to cause the sell-off that has been hovering in the -9.03% range? PLTR delivered 36% YoY revenue growth, added 34 new customers in Q3, and closed 54 deals worth $1 million or more. PLTR increased their remaining deal value by 50% YoY to $3.6 billion and delivered $101 million in cash from operations (26% margin), and $199 million in free cash flow (30% margin). PLTR also increased guidance for 2021 as they now expect revenue growth of 40% YoY compared to their previous projection of 30% and increased their projection in FCF to $400 million from $300 million. In addition to the numbers, PLTR announced new product platforms and use cases that have tremendous potential to drive revenue and FCF in the future. I believe this sell-off will be short-lived and I am looking at it as a buying opportunity.\n(Source: Seeking Alpha)\nPalantir's revenue continues to expand on both the commercial and government side\nQuarter after Quarter since PLTR went public, their commercial business has expanded. After five quarters of going public, PLTR's quarterly commercial revenue has increased by $62 million or 55.36%. In Q3 2021, PLTR delivered $174 million in revenue from its commercial operations, which accounted for 44.38% of its $392.1 million quarterly revenue. Over the previous two years, PLTR's Q3 revenue has increased by 85.11% as it grew by 35.11% in Q3 2020 YoY and by another 37.01% YoY in Q3 of 2021. PLTR's commercial remaining deal value increased by 101% YoY from $1.1 billion in Q3 2020 to $2.2 billion in Q3 2021. Commercial customers are inviting PLTR to present their software solutions, and PLTR is winning their business. In Q3 2021, PLTR added 34 net new customers increasing their commercial customer base by 20% QoQ to 203. Over the past year, PLTR has seen its commercial customer base expand by 46.04% as it has grown by 64 clients from 139 to 203. Anyone who still classifies PLTR as a black box is not being accurate as the commercial market is learning about PLTR's software platforms and implementing their solutions to improve their operations.\n(Source: Steven Fiorillo) (Data Source: Palantir)\nSince Q1 of 2020, PLTR has increased its quarterly revenue by $163.1 million (71.23%) at an average quarterly growth rate of 9.43% QoQ. In Q3 of 2021, this trend stayed intact as revenue increased by $16.1 million QoQ or 4.28%. While the quarterly revenue growth slowed a bit QoQ compared to 10.26% in Q2 2021, PLTR is projecting its Q4 2021 revenue will be $418 million. PLTR is expecting to deliver another company record and generate $25.9 million (6.61%) in QoQ growth to close out the year.\nThe same growth story applies to their total revenue in the trailing twelve months (TTM) as well. Over the last six quarters, PLTR's TTM revenue has increased by $620.6 million (76.55%) from $810.6 million to $1.43 billion. On average, PLTR's TTM revenue growth has increased by $103.42 million (9.94%) QoQ. In Q1 2020 - Q3 2020, their average QoQ revenue growth was $94.03 million, and this has increased substantially as the past three quarters have all increased by at least $105 million QoQ. In Q3 2021, PLTR increased its TTM revenue to $1.43 billion as it added $106.8 million (8.06%) in QoQ revenue growth. Just like the quarterly metric, PLTR's TTM is expected to grow QoQ by an additional $95.9 million to $1.527 billion compared to $1.51 billion in the consensus estimate. This would place PLTR's annual revenue growth YoY well ahead of their 30% projection as they would finish 2021 having increased its revenue by $434.30 million (39.75%)\n(Source: Steven Fiorillo) (Data Source: Palantir)\nI am shocked PLTR is still in the red. PLTR is a high-growth company that is now FCF positive and expanding its metrics. In the first nine months of 2020, PLTR generated -$285 million in FCF, and at the end of the first nine months of 2021, PLTR has delivered a $605 million swing as it has produced $320 million in FCF YTD. PLTR previously increased their 2021 FCF guidance to $300, and they just increased it again to $400+ million. In the span of three months, PLTR increased its FCF projection by an additional 33.33%. In Q3, PLTR's FCF margin was 30%, and they are projecting $400+ million in FCF for 2021. At the very minimum, this would mean they will tack on an additional $80 million in FCF for 2021. If PLTR delivers $1.527 billion in revenue and $400 million in FCF, its 2021 FCF margin would be 26.2%. PLTR is still projecting 30% annual revenue growth YoY thru 2025, which would place their 2025 revenue at $4.36 billion based on their projection of $1.527 for 2021. At PLTR's current FCF margin, they would generate $1.14 billion in FCF in 2025. Considering PLTR's current trends, if they exceeded their projections and grew at 35% YoY, it would place their 2025 revenue at $5.07 billion. At their current FCF margin, they would then generate $1.33 billion in FCF in 2025.\n(Source: PLTR)\nPLTR is firing on all cylinders. YoY, their Q3 revenue grew by 36%, they raised guidance on their FCF for a 2nd time from $300 million to $400+ million and have increased their annual revenue growth guidance from 30% to roughly 40%. PLTR is still maintaining its future revenue outlook of 30% annually YoY and is creating some impressive margins. PLTR's commercial revenue grew YoY by 37%, and their government revenue grew by 34% YoY in Q3. PLTR closed at least 54 deals worth at least $1 million during Q3, and 33 of those were at least $5 million in revenue, and 18 were at least $10 million in revenue. PLTR's growth metrics are impressive, and I am expecting them to under promise and over deliver going forward.\nPalantir is entering two new sectors that are going to be huge, carbon emissions, and crypto\nIn the past, I have written about future opportunities with the government, Amazon(NASDAQ:AMZN), and International Business Machines(NYSE:IBM). On today's earnings call, PLTR introduced significant information surrounding two new products they will be offering for carbon emissions and crypto.\nThere has been a fundamental shift in the USA over climate, and President Biden rejoined the Paris Agreement to reengage in tackling climate change. Part ofthe planis to reach a net-zero emission economy-wide by 2050. Recently President Biden at the United Nations climate summit in Glasgow, Scotland, pledged to work with the European Union and dozens of other nations to reduce overall methane emissions worldwide by 30% by 2030. No matter what your stance on climate is, there are many who believe we need to lower emissions, and many nations are working on a goal. To comply, companies such as Exxon Mobil(NYSE:XOM) are conducting longer-term research on several promising innovations with outside organizations, including direct air capture technology to scrub emissions out of the air and carbonate fuel cells to capture industrial emissions from flue gas streams of power plants or manufacturing facilities. Carbon emissions management is already a booming business, and PLTR is creating a module on Foundry to present a single pane to view revenue, margin, production, and all emissions so companies can manage outcomes more efficiently. Personally, I believe this has enormous potential to drive revenue for PLTR in the future.\n(Source: Palantir)\nThe second huge prospect that PLTR discussed was Foundry for crypto. It looks like PLTR is leveraging their anti-money laundering and know-your-customer expertise. PLTR has worked with several governments over the years to find compliance issues with the world's largest banks and help those banks respond and strengthen their compliance programs. This makes complete sense, and when you go back to the contracts, PLTR has been awarded from the IRS and SEC (discussed in previous articles). In Q3 alone, PLTR inked 6 contracts with the IRS. If I had to guess, PLTR's software would be utilized by the IRS and the SEC on the government side and adopted on the commercial side by banks and crypto exchanges. Currently, in the past 24 hours,Coinbase(NASDAQ:COIN) is showing that Bitcoin (BTC-USD) has incurred a trading volume of $43.8 billion. I think PLTR will end up driving future revenue from both government and commercial contracts from its Foundry for Crypto.\n(Source: Steven Fiorillo) (Data Source: Federal Procurement Database)\n(Source: Palantir)\nConclusion\nPLTR has become another statistic of the market misunderstanding its earnings and selling the news when the news was great. What more does anyone want PLTR to do? This was an excellent quarter with revenue increasing 36% YoY in Q3, FCF came in at $119 million with a 30% margin, and PLTR closed 54 deals worth more than $1 million each. PLTR beats revenue estimates, increases guidance for its full-year revenue than for the 2nd time, increases its FCF guidance. This was a sell the news on all positive factors, which is creating a buying opportunity. I am staying long on PLTR and plan to add to my position if the sell-off continues.\nSeeking Alpha Marketplace\nI will be launching a subscription service called Barbell Capital on the Seeking Alpha Marketplace. Barbell Capital will provide exclusive research, model portfolios, investment tools, Q&A sessions, watchlists, and additional features for its members. I will also have a live portfolio dedicated to generating capital from trading, selling puts and selling covered calls. The profits will be allocated to future capital appreciating investments and investing in dividend investments to generate income while we sleep.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":499,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873896363,"gmtCreate":1636905001486,"gmtModify":1636905001486,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/873896363","repostId":"2183048212","repostType":4,"isVote":1,"tweetType":1,"viewCount":552,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":845304902,"gmtCreate":1636276237902,"gmtModify":1636276237972,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845304902","repostId":"2181074782","repostType":4,"isVote":1,"tweetType":1,"viewCount":554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":875907086,"gmtCreate":1637593021889,"gmtModify":1637593021889,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Whats behind the reasons that drove this high ?&nbsp; Been going up","listText":"Whats behind the reasons that drove this high ?&nbsp; Been going up","text":"Whats behind the reasons that drove this high ? Been going up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875907086","repostId":"1158210333","repostType":4,"repost":{"id":"1158210333","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":1637592769,"share":"https://www.laohu8.com/m/news/1158210333?lang=zh_CN&edition=full","pubTime":"2021-11-22 22:52","market":"us","language":"en","title":"Apple shares rose nearly 2% in early trading and hit a record high<blockquote>苹果股价早盘涨近2%创历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158210333","media":"Tiger Newspress","summary":"Apple&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;2%&nbsp;in&nbsp;early&nbsp;trading&nbsp;and&nbsp;hit&nbsp;a&nbsp;record&nbsp;high.","content":"<p>Apple&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;2%&nbsp;in&nbsp;early&nbsp;trading&nbsp;and&nbsp;hit&nbsp;a&nbsp;record&nbsp;high.<img src=\"https://static.tigerbbs.com/dfbbc5a5ac25a614e99178ea5fd19166\" tg-width=\"883\" tg-height=\"601\" referrerpolicy=\"no-referrer\"></p><p><blockquote>苹果股价早盘上涨近2%，创历史新高。</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\">\nApple shares rose nearly 2% in early trading and hit a record high<blockquote>苹果股价早盘涨近2%创历史新高</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\">2021-11-22 22:52</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Apple&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;2%&nbsp;in&nbsp;early&nbsp;trading&nbsp;and&nbsp;hit&nbsp;a&nbsp;record&nbsp;high.<img src=\"https://static.tigerbbs.com/dfbbc5a5ac25a614e99178ea5fd19166\" tg-width=\"883\" tg-height=\"601\" referrerpolicy=\"no-referrer\"></p><p><blockquote>苹果股价早盘上涨近2%，创历史新高。</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":"1158210333","content_text":"Apple shares rose nearly 2% in early trading and hit a record high.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605848173,"gmtCreate":1639148058186,"gmtModify":1639148160039,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Yes I think so","listText":"Yes I think so","text":"Yes I think so","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/605848173","repostId":"1144055666","repostType":4,"repost":{"id":"1144055666","kind":"news","pubTimestamp":1639142986,"share":"https://www.laohu8.com/m/news/1144055666?lang=zh_CN&edition=full","pubTime":"2021-12-10 21:29","market":"us","language":"en","title":"Will Nvidia Be a Trillion-Dollar Stock by Next Year?<blockquote>英伟达明年会成为万亿美元股票吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144055666","media":"Motley Fool","summary":"The graphics chipmaker has the seven-zero valuation in its sights.","content":"<p>It's not a question of if&nbsp;<b>Nvidia</b>&nbsp;will be a trillion-dollar stock, just a matter of when. With the stock up 150% in 2021, the chipmaker has a market valuation of just under $850 billion, which puts the symbolic threshold almost within reach.</p><p><blockquote>这不是如果的问题<b>英伟达</b>将成为万亿美元的股票，只是时间问题。随着该股在2021年上涨150%，这家芯片制造商的市值略低于8500亿美元，这使得象征性的门槛几乎触手可及。</blockquote></p><p> However, because even the&nbsp;<b>S&amp;P 500</b>&nbsp;has posted 25% gains this year, or more than double the historical average, the potential for a sharp decline grows increasingly likely. That, too, is a matter of when, not if.</p><p><blockquote>然而，因为即使是<b>标普500</b>今年涨幅为25%，是历史平均水平的两倍多，大幅下跌的可能性越来越大。这也是一个时间问题，而不是如果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a810eede9d4a8b010dd6d83bdd781be9\" tg-width=\"2000\" tg-height=\"1125\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Ignoring, for the moment, the dramatic plunge that occurred at the onset of the coronavirus pandemic last year, the stock market has been on an incredible years-long tear. Since the end of the&nbsp;Great Recession in 2009, the benchmark index has put on quite the performance by more than quadrupling in value and turning a $10,000 investment into one worth over $42,000 today.</p><p><blockquote>暂时忽略去年冠状病毒大流行爆发时发生的急剧暴跌，股市已经经历了令人难以置信的长达数年的撕裂。自2009年大衰退结束以来，该基准指数表现出色，价值翻了两番多，将10,000美元的投资变成了如今价值超过42,000美元的投资。</blockquote></p><p> A new downdraft will undoubtedly take Nvidia down with it, perhaps delaying the inevitable. Here's what it might look like for the tech stock to have that nine-zero valuation.</p><p><blockquote>新的下行趋势无疑会拖累英伟达，或许会推迟不可避免的事情。以下是科技股估值为九零的情况。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/381746086571d0ddcf0ce971b1b0ea41\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>It's game on for GPUs</b></p><p><blockquote><b>GPU的游戏开始了</b></blockquote></p><p> Nvidia is, of course, best known for its graphics cards, or graphics processing units (GPU), which have&nbsp;made immersive, processing-intensive video games possible&nbsp;and remain at the heart of Nvidia's business, generating 45% of total third-quarter revenue.</p><p><blockquote>当然，Nvidia最出名的是其显卡或图形处理单元(GPU)，它使沉浸式、处理密集型视频游戏成为可能，并且仍然是Nvidia业务的核心，占第三季度总收入的45%。</blockquote></p><p> It's not about to diminish in importance either. First, more people started playing video games during the pandemic, and while many will put their controllers aside as more out-of-home entertainment opportunities open up, many will continue.</p><p><blockquote>它的重要性也不会减弱。首先，更多的人在疫情期间开始玩视频游戏，虽然随着更多户外娱乐机会的出现，许多人会把他们的控制器放在一边，但许多人会继续玩下去。</blockquote></p><p> Citing the impact gamification among millennials has had on the adoption of a virtual world for gamers, Mordor Intelligence estimates the gaming GPU market will grow at a compound annual rate of 14% through 2026. This suggests that Nvidia, which already has an 83% share of the discrete gaming GPU market, might generate as much as $20 billion annually just in this segment if its sales growth rate keeps its pace.</p><p><blockquote>Mordor Intelligence引用了千禧一代的游戏化对游戏玩家采用虚拟世界的影响，估计到2026年，游戏GPU市场将以14%的复合年增长率增长。这表明，英伟达已经占据了独立游戏GPU市场83%的份额，如果其销售增长率保持同步，仅在这一领域每年就可能产生高达200亿美元的收入。</blockquote></p><p> Nvidia is also using AI to make gaming even better and more immersive. Its deep learning super sampling (DLSS) technology uses AI to take low-resolution images and scale them up to high resolutions for display on high-res screens. Add in a nascent but fast-growing esports industry, along with the growth of its&nbsp;GeForce Now&nbsp;cloud gaming service, and this segment still has plenty of expansion possibilities in store for the future.</p><p><blockquote>英伟达也在利用人工智能让游戏变得更好、更身临其境。其深度学习超级采样（DLSS）技术使用人工智能来拍摄低分辨率图像，并将其放大到高分辨率，以便在高分辨率屏幕上显示。再加上新兴但快速增长的电子竞技行业，以及GeForce Now云游戏服务的增长，该细分市场在未来仍有大量扩张的可能性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/548893b4ea766bdde6eb1233864ed440\" tg-width=\"2000\" tg-height=\"1126\" width=\"100%\" height=\"auto\"><span>Image source: Nvidia.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：英伟达。</span></p></blockquote></p><p> <b>Nvidia is about so much more than gaming</b></p><p><blockquote><b>Nvidia不仅仅是游戏</b></blockquote></p><p> The crazy thing about the chipmaker, though, is that gaming isn't even its biggest opportunity. Nvidia has stuck its finger in the pies of&nbsp;artificial intelligence, data centers, and automobiles, too, and those all offer tremendous possibilities.</p><p><blockquote>然而，这家芯片制造商的疯狂之处在于，游戏甚至不是它最大的机会。英伟达也涉足了人工智能、数据中心和汽车领域，这些领域都提供了巨大的可能性。</blockquote></p><p> Chips for data centers, for example, already make billions of dollars each year for Nvidia, with segment revenue soaring 55% year over year in Q3 to $2.9 billion and should grow to&nbsp;become the chipmaker's largest segment&nbsp;by 2025.</p><p><blockquote>例如，用于数据中心的芯片每年已经为英伟达带来数十亿美元的收入，第三季度该部门的收入同比飙升55%，达到29亿美元，到2025年应该会增长成为该芯片制造商最大的部门。</blockquote></p><p> Its $7 billion acquisition of Mellanox last year helped position Nvidia as a leading supplier for networking hardware.</p><p><blockquote>去年以70亿美元收购Mellanox，帮助英伟达成为网络硬件的领先供应商。</blockquote></p><p> The chipmaker is also&nbsp;putting AI to work&nbsp;in the cybersecurity data protection market. Combining its Morpheus framework with its zero-trust BlueField-branded data processing units (DPUs), Nvidia offers a unique level of protection regardless of whether the network is located locally, in the cloud, or in hybrid environments.</p><p><blockquote>这家芯片制造商还将人工智能应用于网络安全数据保护市场。Nvidia将其Morpheus框架与其零信任BlueField品牌的数据处理单元（DPU）相结合，无论网络是位于本地、云中还是混合环境中，都能提供独特的保护级别。</blockquote></p><p> The zero-trust platform requires all users to be authenticated, authorized, and validated before gaining access to applications and data.</p><p><blockquote>零信任平台要求所有用户在访问应用程序和数据之前都要经过身份验证、授权和验证。</blockquote></p><p> We haven't even gotten around to Nvidia's Drive AV platform for&nbsp;autonomous vehicles, or Omniverse, the first real-time 3D simulation and collaboration platform. The cryptocurrency market is also taking advantage of Nvidia's processing power. The Nvidia CMP HX (CMP stands for crypto mining processor) is a dedicated GPU for professional crypto mining applications that lacks video output since it's a superfluous feature. The chips also have a lower peak core voltage and frequency for improved mining power efficiency.</p><p><blockquote>我们甚至还没有接触到Nvidia的自动驾驶汽车Drive AV平台，或者Omniverse，第一个实时3D模拟和协作平台。加密货币市场也在利用英伟达的处理能力。Nvidia CMP HX（CMP代表加密挖掘处理器）是专业加密挖掘应用的专用GPU，缺乏视频输出，因为这是一个多余的功能。这些芯片还具有较低的峰值核心电压和频率，以提高采矿功率效率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09911f3f5072135e602efff6124f292d\" tg-width=\"2000\" tg-height=\"1373\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Time to ring the register</b></p><p><blockquote><b>是时候按收银机了</b></blockquote></p><p></p><p> That's a lot of opportunities to cash in on. Analysts think so, too, and recently upgraded their forecasts to estimate Nvidia will now grow revenue from $16.5 billion in 2021 to $59.4 billion in 2026, a better than 29% compounded annual growth rate. Earnings are expected to&nbsp;grow even faster, or almost 42% annually, to $13 per share.</p><p><blockquote>这是很多赚钱的机会。分析师也这么认为，最近上调了预测，估计英伟达的收入将从2021年的165亿美元增长到2026年的594亿美元，复合年增长率高于29%。盈利预计将增长更快，即每年增长近42%，达到每股13美元。</blockquote></p><p> Yet Nvidia's stock isn't cheap, going for 35 times sales. Maintaining that multiple would put the chipmaker's valuation over the trillion-dollar mark sometime next year, but even halving that only delays it reaching that lofty level till the middle of the decade.</p><p><blockquote>然而，英伟达的股价并不便宜，是销售额的35倍。维持这一市盈率将使这家芯片制造商的估值在明年某个时候突破万亿美元大关，但即使将这一市盈率减半，也只会将其达到这一高水平的时间推迟到本世纪中期。</blockquote></p><p> So it's obvious a trillion-dollar Nvidia valuation will happen. Maybe the real question investors should start thinking about is, when does the&nbsp;semiconductor stock&nbsp;become a&nbsp;<i>$2 trillion</i>&nbsp;company?</p><p><blockquote>因此，很明显，英伟达的估值将会达到万亿美元。也许投资者真正应该开始思考的问题是，半导体股票何时成为<i>2万亿美元</i>公司？</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>Will Nvidia Be a Trillion-Dollar Stock by Next Year?<blockquote>英伟达明年会成为万亿美元股票吗？</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\">\nWill Nvidia Be a Trillion-Dollar Stock by Next Year?<blockquote>英伟达明年会成为万亿美元股票吗？</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\">2021-12-10 21:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It's not a question of if&nbsp;<b>Nvidia</b>&nbsp;will be a trillion-dollar stock, just a matter of when. With the stock up 150% in 2021, the chipmaker has a market valuation of just under $850 billion, which puts the symbolic threshold almost within reach.</p><p><blockquote>这不是如果的问题<b>英伟达</b>将成为万亿美元的股票，只是时间问题。随着该股在2021年上涨150%，这家芯片制造商的市值略低于8500亿美元，这使得象征性的门槛几乎触手可及。</blockquote></p><p> However, because even the&nbsp;<b>S&amp;P 500</b>&nbsp;has posted 25% gains this year, or more than double the historical average, the potential for a sharp decline grows increasingly likely. That, too, is a matter of when, not if.</p><p><blockquote>然而，因为即使是<b>标普500</b>今年涨幅为25%，是历史平均水平的两倍多，大幅下跌的可能性越来越大。这也是一个时间问题，而不是如果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a810eede9d4a8b010dd6d83bdd781be9\" tg-width=\"2000\" tg-height=\"1125\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Ignoring, for the moment, the dramatic plunge that occurred at the onset of the coronavirus pandemic last year, the stock market has been on an incredible years-long tear. Since the end of the&nbsp;Great Recession in 2009, the benchmark index has put on quite the performance by more than quadrupling in value and turning a $10,000 investment into one worth over $42,000 today.</p><p><blockquote>暂时忽略去年冠状病毒大流行爆发时发生的急剧暴跌，股市已经经历了令人难以置信的长达数年的撕裂。自2009年大衰退结束以来，该基准指数表现出色，价值翻了两番多，将10,000美元的投资变成了如今价值超过42,000美元的投资。</blockquote></p><p> A new downdraft will undoubtedly take Nvidia down with it, perhaps delaying the inevitable. Here's what it might look like for the tech stock to have that nine-zero valuation.</p><p><blockquote>新的下行趋势无疑会拖累英伟达，或许会推迟不可避免的事情。以下是科技股估值为九零的情况。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/381746086571d0ddcf0ce971b1b0ea41\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>It's game on for GPUs</b></p><p><blockquote><b>GPU的游戏开始了</b></blockquote></p><p> Nvidia is, of course, best known for its graphics cards, or graphics processing units (GPU), which have&nbsp;made immersive, processing-intensive video games possible&nbsp;and remain at the heart of Nvidia's business, generating 45% of total third-quarter revenue.</p><p><blockquote>当然，Nvidia最出名的是其显卡或图形处理单元(GPU)，它使沉浸式、处理密集型视频游戏成为可能，并且仍然是Nvidia业务的核心，占第三季度总收入的45%。</blockquote></p><p> It's not about to diminish in importance either. First, more people started playing video games during the pandemic, and while many will put their controllers aside as more out-of-home entertainment opportunities open up, many will continue.</p><p><blockquote>它的重要性也不会减弱。首先，更多的人在疫情期间开始玩视频游戏，虽然随着更多户外娱乐机会的出现，许多人会把他们的控制器放在一边，但许多人会继续玩下去。</blockquote></p><p> Citing the impact gamification among millennials has had on the adoption of a virtual world for gamers, Mordor Intelligence estimates the gaming GPU market will grow at a compound annual rate of 14% through 2026. This suggests that Nvidia, which already has an 83% share of the discrete gaming GPU market, might generate as much as $20 billion annually just in this segment if its sales growth rate keeps its pace.</p><p><blockquote>Mordor Intelligence引用了千禧一代的游戏化对游戏玩家采用虚拟世界的影响，估计到2026年，游戏GPU市场将以14%的复合年增长率增长。这表明，英伟达已经占据了独立游戏GPU市场83%的份额，如果其销售增长率保持同步，仅在这一领域每年就可能产生高达200亿美元的收入。</blockquote></p><p> Nvidia is also using AI to make gaming even better and more immersive. Its deep learning super sampling (DLSS) technology uses AI to take low-resolution images and scale them up to high resolutions for display on high-res screens. Add in a nascent but fast-growing esports industry, along with the growth of its&nbsp;GeForce Now&nbsp;cloud gaming service, and this segment still has plenty of expansion possibilities in store for the future.</p><p><blockquote>英伟达也在利用人工智能让游戏变得更好、更身临其境。其深度学习超级采样（DLSS）技术使用人工智能来拍摄低分辨率图像，并将其放大到高分辨率，以便在高分辨率屏幕上显示。再加上新兴但快速增长的电子竞技行业，以及GeForce Now云游戏服务的增长，该细分市场在未来仍有大量扩张的可能性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/548893b4ea766bdde6eb1233864ed440\" tg-width=\"2000\" tg-height=\"1126\" width=\"100%\" height=\"auto\"><span>Image source: Nvidia.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：英伟达。</span></p></blockquote></p><p> <b>Nvidia is about so much more than gaming</b></p><p><blockquote><b>Nvidia不仅仅是游戏</b></blockquote></p><p> The crazy thing about the chipmaker, though, is that gaming isn't even its biggest opportunity. Nvidia has stuck its finger in the pies of&nbsp;artificial intelligence, data centers, and automobiles, too, and those all offer tremendous possibilities.</p><p><blockquote>然而，这家芯片制造商的疯狂之处在于，游戏甚至不是它最大的机会。英伟达也涉足了人工智能、数据中心和汽车领域，这些领域都提供了巨大的可能性。</blockquote></p><p> Chips for data centers, for example, already make billions of dollars each year for Nvidia, with segment revenue soaring 55% year over year in Q3 to $2.9 billion and should grow to&nbsp;become the chipmaker's largest segment&nbsp;by 2025.</p><p><blockquote>例如，用于数据中心的芯片每年已经为英伟达带来数十亿美元的收入，第三季度该部门的收入同比飙升55%，达到29亿美元，到2025年应该会增长成为该芯片制造商最大的部门。</blockquote></p><p> Its $7 billion acquisition of Mellanox last year helped position Nvidia as a leading supplier for networking hardware.</p><p><blockquote>去年以70亿美元收购Mellanox，帮助英伟达成为网络硬件的领先供应商。</blockquote></p><p> The chipmaker is also&nbsp;putting AI to work&nbsp;in the cybersecurity data protection market. Combining its Morpheus framework with its zero-trust BlueField-branded data processing units (DPUs), Nvidia offers a unique level of protection regardless of whether the network is located locally, in the cloud, or in hybrid environments.</p><p><blockquote>这家芯片制造商还将人工智能应用于网络安全数据保护市场。Nvidia将其Morpheus框架与其零信任BlueField品牌的数据处理单元（DPU）相结合，无论网络是位于本地、云中还是混合环境中，都能提供独特的保护级别。</blockquote></p><p> The zero-trust platform requires all users to be authenticated, authorized, and validated before gaining access to applications and data.</p><p><blockquote>零信任平台要求所有用户在访问应用程序和数据之前都要经过身份验证、授权和验证。</blockquote></p><p> We haven't even gotten around to Nvidia's Drive AV platform for&nbsp;autonomous vehicles, or Omniverse, the first real-time 3D simulation and collaboration platform. The cryptocurrency market is also taking advantage of Nvidia's processing power. The Nvidia CMP HX (CMP stands for crypto mining processor) is a dedicated GPU for professional crypto mining applications that lacks video output since it's a superfluous feature. The chips also have a lower peak core voltage and frequency for improved mining power efficiency.</p><p><blockquote>我们甚至还没有接触到Nvidia的自动驾驶汽车Drive AV平台，或者Omniverse，第一个实时3D模拟和协作平台。加密货币市场也在利用英伟达的处理能力。Nvidia CMP HX（CMP代表加密挖掘处理器）是专业加密挖掘应用的专用GPU，缺乏视频输出，因为这是一个多余的功能。这些芯片还具有较低的峰值核心电压和频率，以提高采矿功率效率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09911f3f5072135e602efff6124f292d\" tg-width=\"2000\" tg-height=\"1373\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Time to ring the register</b></p><p><blockquote><b>是时候按收银机了</b></blockquote></p><p></p><p> That's a lot of opportunities to cash in on. Analysts think so, too, and recently upgraded their forecasts to estimate Nvidia will now grow revenue from $16.5 billion in 2021 to $59.4 billion in 2026, a better than 29% compounded annual growth rate. Earnings are expected to&nbsp;grow even faster, or almost 42% annually, to $13 per share.</p><p><blockquote>这是很多赚钱的机会。分析师也这么认为，最近上调了预测，估计英伟达的收入将从2021年的165亿美元增长到2026年的594亿美元，复合年增长率高于29%。盈利预计将增长更快，即每年增长近42%，达到每股13美元。</blockquote></p><p> Yet Nvidia's stock isn't cheap, going for 35 times sales. Maintaining that multiple would put the chipmaker's valuation over the trillion-dollar mark sometime next year, but even halving that only delays it reaching that lofty level till the middle of the decade.</p><p><blockquote>然而，英伟达的股价并不便宜，是销售额的35倍。维持这一市盈率将使这家芯片制造商的估值在明年某个时候突破万亿美元大关，但即使将这一市盈率减半，也只会将其达到这一高水平的时间推迟到本世纪中期。</blockquote></p><p> So it's obvious a trillion-dollar Nvidia valuation will happen. Maybe the real question investors should start thinking about is, when does the&nbsp;semiconductor stock&nbsp;become a&nbsp;<i>$2 trillion</i>&nbsp;company?</p><p><blockquote>因此，很明显，英伟达的估值将会达到万亿美元。也许投资者真正应该开始思考的问题是，半导体股票何时成为<i>2万亿美元</i>公司？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/10/will-nvidia-be-a-trillion-dollar-stock-by-next-yea/\">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":{"NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2021/12/10/will-nvidia-be-a-trillion-dollar-stock-by-next-yea/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144055666","content_text":"It's not a question of if Nvidia will be a trillion-dollar stock, just a matter of when. With the stock up 150% in 2021, the chipmaker has a market valuation of just under $850 billion, which puts the symbolic threshold almost within reach.\nHowever, because even the S&P 500 has posted 25% gains this year, or more than double the historical average, the potential for a sharp decline grows increasingly likely. That, too, is a matter of when, not if.\nImage source: Getty Images.\nIgnoring, for the moment, the dramatic plunge that occurred at the onset of the coronavirus pandemic last year, the stock market has been on an incredible years-long tear. Since the end of the Great Recession in 2009, the benchmark index has put on quite the performance by more than quadrupling in value and turning a $10,000 investment into one worth over $42,000 today.\nA new downdraft will undoubtedly take Nvidia down with it, perhaps delaying the inevitable. Here's what it might look like for the tech stock to have that nine-zero valuation.\nImage source: Getty Images.\nIt's game on for GPUs\nNvidia is, of course, best known for its graphics cards, or graphics processing units (GPU), which have made immersive, processing-intensive video games possible and remain at the heart of Nvidia's business, generating 45% of total third-quarter revenue.\nIt's not about to diminish in importance either. First, more people started playing video games during the pandemic, and while many will put their controllers aside as more out-of-home entertainment opportunities open up, many will continue.\nCiting the impact gamification among millennials has had on the adoption of a virtual world for gamers, Mordor Intelligence estimates the gaming GPU market will grow at a compound annual rate of 14% through 2026. This suggests that Nvidia, which already has an 83% share of the discrete gaming GPU market, might generate as much as $20 billion annually just in this segment if its sales growth rate keeps its pace.\nNvidia is also using AI to make gaming even better and more immersive. Its deep learning super sampling (DLSS) technology uses AI to take low-resolution images and scale them up to high resolutions for display on high-res screens. Add in a nascent but fast-growing esports industry, along with the growth of its GeForce Now cloud gaming service, and this segment still has plenty of expansion possibilities in store for the future.\nImage source: Nvidia.\nNvidia is about so much more than gaming\nThe crazy thing about the chipmaker, though, is that gaming isn't even its biggest opportunity. Nvidia has stuck its finger in the pies of artificial intelligence, data centers, and automobiles, too, and those all offer tremendous possibilities.\nChips for data centers, for example, already make billions of dollars each year for Nvidia, with segment revenue soaring 55% year over year in Q3 to $2.9 billion and should grow to become the chipmaker's largest segment by 2025.\nIts $7 billion acquisition of Mellanox last year helped position Nvidia as a leading supplier for networking hardware.\nThe chipmaker is also putting AI to work in the cybersecurity data protection market. Combining its Morpheus framework with its zero-trust BlueField-branded data processing units (DPUs), Nvidia offers a unique level of protection regardless of whether the network is located locally, in the cloud, or in hybrid environments.\nThe zero-trust platform requires all users to be authenticated, authorized, and validated before gaining access to applications and data.\nWe haven't even gotten around to Nvidia's Drive AV platform for autonomous vehicles, or Omniverse, the first real-time 3D simulation and collaboration platform. The cryptocurrency market is also taking advantage of Nvidia's processing power. The Nvidia CMP HX (CMP stands for crypto mining processor) is a dedicated GPU for professional crypto mining applications that lacks video output since it's a superfluous feature. The chips also have a lower peak core voltage and frequency for improved mining power efficiency.\nImage source: Getty Images.\nTime to ring the register\nThat's a lot of opportunities to cash in on. Analysts think so, too, and recently upgraded their forecasts to estimate Nvidia will now grow revenue from $16.5 billion in 2021 to $59.4 billion in 2026, a better than 29% compounded annual growth rate. Earnings are expected to grow even faster, or almost 42% annually, to $13 per share.\nYet Nvidia's stock isn't cheap, going for 35 times sales. Maintaining that multiple would put the chipmaker's valuation over the trillion-dollar mark sometime next year, but even halving that only delays it reaching that lofty level till the middle of the decade.\nSo it's obvious a trillion-dollar Nvidia valuation will happen. Maybe the real question investors should start thinking about is, when does the semiconductor stock become a $2 trillion company?","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":2928,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":600896332,"gmtCreate":1638112888137,"gmtModify":1638112888137,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Interesting theme","listText":"Interesting theme","text":"Interesting theme","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/600896332","repostId":"2186432895","repostType":4,"isVote":1,"tweetType":1,"viewCount":3067,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875901269,"gmtCreate":1637592808560,"gmtModify":1637592808560,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875901269","repostId":"1105895929","repostType":4,"repost":{"id":"1105895929","kind":"news","pubTimestamp":1637591012,"share":"https://www.laohu8.com/m/news/1105895929?lang=zh_CN&edition=full","pubTime":"2021-11-22 22:23","market":"us","language":"en","title":"Cybersecurity startup Arctic Wolf seeks to hire advisors for U.S. IPO<blockquote>网络安全初创公司Arctic Wolf寻求为美国IPO聘请顾问</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105895929","media":"Reuters","summary":"(Reuters) - Cybersecurity startup Arctic Wolf, which recently raised funding at a valuation of over ","content":"<p>(Reuters) - Cybersecurity startup Arctic Wolf, which recently raised funding at a valuation of over $4 billion, is seeking to hire financial advisors for a stock market listing early next year in the United States, a top executive told Reuters.</p><p><blockquote>（路透社）-网络安全初创公司Arctic Wolf的一位高管告诉路透社，该公司最近以超过40亿美元的估值筹集了资金，正在寻求为明年初在美国股市上市聘请财务顾问。</blockquote></p><p> Arctic Wolf has started interviewing investment banks and is expected to finalize advisors for its initial public offering (IPO) in the coming months.</p><p><blockquote>Arctic Wolf已开始面试投资银行，预计将在未来几个月内敲定其首次公开募股（IPO）的顾问。</blockquote></p><p> The company raised $150 million from investors including Viking Global Investors and Owl Rock in a private funding round in July that valued the startup at $4.3 billion.</p><p><blockquote>该公司在7月份的一轮私人融资中从包括Viking Global Investors和Owl Rock在内的投资者那里筹集了1.5亿美元，对这家初创公司的估值为43亿美元。</blockquote></p><p> During the pandemic, Arctic Wolf benefited from higher investments in security solutions, as remote working arrangements forced companies to spend more on software tools that counter security threats.</p><p><blockquote>在疫情期间，北极狼受益于对安全解决方案的更高投资，因为远程工作安排迫使公司在应对安全威胁的软件工具上投入更多资金。</blockquote></p><p> The Eden Prairie, Minnesota-based startup is aiming to go public in the second half of 2022, according to Chief Executive Nick Schneider.</p><p><blockquote>首席执行官尼克·施耐德(Nick Schneider)表示，这家总部位于明尼苏达州伊甸园草原的初创公司计划于2022年下半年上市。</blockquote></p><p> \"The acceleration in our growth is in part due to the impact of COVID on businesses and that's both around digital transformation...and people starting to work from anywhere who need protections on their internal network,\" said Schneider.</p><p><blockquote>施耐德表示：“我们增长的加速部分是由于新冠疫情对企业的影响，这既与数字化转型有关……也与开始在任何地方工作、需要内部网络保护的人们有关。”</blockquote></p><p> Schneider, who took over as CEO in August, has been spearheading Arctic Wolf's efforts to expand internationally, as it attempts to put a governance structure in place before it goes public.</p><p><blockquote>施耐德于8月接任首席执行官，一直在带头Arctic Wolf进行国际扩张，试图在上市前建立治理结构。</blockquote></p><p> Founded in 2012, Arctic Wolf provides security software tools and services to detect and help companies recover from cybersecurity threats. Its services are used by enterprises across several industries, including healthcare, financial services and manufacturing.</p><p><blockquote>Arctic Wolf成立于2012年，提供安全软件工具和服务，以检测并帮助公司从网络安全威胁中恢复。其服务被多个行业的企业使用，包括医疗保健、金融服务和制造业。</blockquote></p><p> Arctic Wolf generates revenue through a subscription model, which has grown by over 100% in the past year, it said.</p><p><blockquote>Arctic Wolf表示，通过订阅模式创收，该模式在过去一年中增长了100%以上。</blockquote></p><p> The company also counts Lightspeed Venture Partners and Redpoint Ventures among its investors.</p><p><blockquote>该公司的投资者还包括Lightspeed Venture Partners和Redpoint Ventures。</blockquote></p><p></p>","source":"lsy1612507957220","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>Cybersecurity startup Arctic Wolf seeks to hire advisors for U.S. IPO<blockquote>网络安全初创公司Arctic Wolf寻求为美国IPO聘请顾问</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\">\nCybersecurity startup Arctic Wolf seeks to hire advisors for U.S. IPO<blockquote>网络安全初创公司Arctic Wolf寻求为美国IPO聘请顾问</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-22 22:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) - Cybersecurity startup Arctic Wolf, which recently raised funding at a valuation of over $4 billion, is seeking to hire financial advisors for a stock market listing early next year in the United States, a top executive told Reuters.</p><p><blockquote>（路透社）-网络安全初创公司Arctic Wolf的一位高管告诉路透社，该公司最近以超过40亿美元的估值筹集了资金，正在寻求为明年初在美国股市上市聘请财务顾问。</blockquote></p><p> Arctic Wolf has started interviewing investment banks and is expected to finalize advisors for its initial public offering (IPO) in the coming months.</p><p><blockquote>Arctic Wolf已开始面试投资银行，预计将在未来几个月内敲定其首次公开募股（IPO）的顾问。</blockquote></p><p> The company raised $150 million from investors including Viking Global Investors and Owl Rock in a private funding round in July that valued the startup at $4.3 billion.</p><p><blockquote>该公司在7月份的一轮私人融资中从包括Viking Global Investors和Owl Rock在内的投资者那里筹集了1.5亿美元，对这家初创公司的估值为43亿美元。</blockquote></p><p> During the pandemic, Arctic Wolf benefited from higher investments in security solutions, as remote working arrangements forced companies to spend more on software tools that counter security threats.</p><p><blockquote>在疫情期间，北极狼受益于对安全解决方案的更高投资，因为远程工作安排迫使公司在应对安全威胁的软件工具上投入更多资金。</blockquote></p><p> The Eden Prairie, Minnesota-based startup is aiming to go public in the second half of 2022, according to Chief Executive Nick Schneider.</p><p><blockquote>首席执行官尼克·施耐德(Nick Schneider)表示，这家总部位于明尼苏达州伊甸园草原的初创公司计划于2022年下半年上市。</blockquote></p><p> \"The acceleration in our growth is in part due to the impact of COVID on businesses and that's both around digital transformation...and people starting to work from anywhere who need protections on their internal network,\" said Schneider.</p><p><blockquote>施耐德表示：“我们增长的加速部分是由于新冠疫情对企业的影响，这既与数字化转型有关……也与开始在任何地方工作、需要内部网络保护的人们有关。”</blockquote></p><p> Schneider, who took over as CEO in August, has been spearheading Arctic Wolf's efforts to expand internationally, as it attempts to put a governance structure in place before it goes public.</p><p><blockquote>施耐德于8月接任首席执行官，一直在带头Arctic Wolf进行国际扩张，试图在上市前建立治理结构。</blockquote></p><p> Founded in 2012, Arctic Wolf provides security software tools and services to detect and help companies recover from cybersecurity threats. Its services are used by enterprises across several industries, including healthcare, financial services and manufacturing.</p><p><blockquote>Arctic Wolf成立于2012年，提供安全软件工具和服务，以检测并帮助公司从网络安全威胁中恢复。其服务被多个行业的企业使用，包括医疗保健、金融服务和制造业。</blockquote></p><p> Arctic Wolf generates revenue through a subscription model, which has grown by over 100% in the past year, it said.</p><p><blockquote>Arctic Wolf表示，通过订阅模式创收，该模式在过去一年中增长了100%以上。</blockquote></p><p> The company also counts Lightspeed Venture Partners and Redpoint Ventures among its investors.</p><p><blockquote>该公司的投资者还包括Lightspeed Venture Partners和Redpoint Ventures。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/cybersecurity-startup-arctic-wolf-seeks-140946279.html\">Reuters</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":{"IPO":"Renaissance IPO ETF"},"source_url":"https://finance.yahoo.com/news/cybersecurity-startup-arctic-wolf-seeks-140946279.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105895929","content_text":"(Reuters) - Cybersecurity startup Arctic Wolf, which recently raised funding at a valuation of over $4 billion, is seeking to hire financial advisors for a stock market listing early next year in the United States, a top executive told Reuters.\nArctic Wolf has started interviewing investment banks and is expected to finalize advisors for its initial public offering (IPO) in the coming months.\nThe company raised $150 million from investors including Viking Global Investors and Owl Rock in a private funding round in July that valued the startup at $4.3 billion.\nDuring the pandemic, Arctic Wolf benefited from higher investments in security solutions, as remote working arrangements forced companies to spend more on software tools that counter security threats.\nThe Eden Prairie, Minnesota-based startup is aiming to go public in the second half of 2022, according to Chief Executive Nick Schneider.\n\"The acceleration in our growth is in part due to the impact of COVID on businesses and that's both around digital transformation...and people starting to work from anywhere who need protections on their internal network,\" said Schneider.\nSchneider, who took over as CEO in August, has been spearheading Arctic Wolf's efforts to expand internationally, as it attempts to put a governance structure in place before it goes public.\nFounded in 2012, Arctic Wolf provides security software tools and services to detect and help companies recover from cybersecurity threats. Its services are used by enterprises across several industries, including healthcare, financial services and manufacturing.\nArctic Wolf generates revenue through a subscription model, which has grown by over 100% in the past year, it said.\nThe company also counts Lightspeed Venture Partners and Redpoint Ventures among its investors.","news_type":1,"symbols_score_info":{"IPO":0.9}},"isVote":1,"tweetType":1,"viewCount":938,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871230322,"gmtCreate":1637072752803,"gmtModify":1637072752874,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Buy now","listText":"Buy now","text":"Buy now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/871230322","repostId":"2183800784","repostType":4,"isVote":1,"tweetType":1,"viewCount":551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":601543759,"gmtCreate":1638544003978,"gmtModify":1638544003978,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Waiting&nbsp;","listText":"Waiting&nbsp;","text":"Waiting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/601543759","repostId":"1175699025","repostType":4,"repost":{"id":"1175699025","kind":"news","pubTimestamp":1638535445,"share":"https://www.laohu8.com/m/news/1175699025?lang=zh_CN&edition=full","pubTime":"2021-12-03 20:44","market":"us","language":"en","title":"Nvidia’s Purchase of Arm Is (Likely) Dead. What Comes Next?<blockquote>英伟达对Arm的收购（很可能）已经胎死腹中。接下来会发生什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175699025","media":"Barrons","summary":"Nvidia‘s $40 billion purchase of Arm—heralded as the biggest deal in the history of the semiconducto","content":"<p>Nvidia‘s $40 billion purchase of Arm—heralded as the biggest deal in the history of the semiconductor industry—looks dead in the water.</p><p><blockquote>英伟达以400亿美元收购Arm的交易——被誉为半导体行业历史上最大的交易——看起来已经泡汤了。</blockquote></p><p> The Federal Trade Commission sued to block the deal Thursday, citing competition concerns and all but killing the prospect of Nvidia (ticker: NVDA) taking over control of the leading chip designer from&nbsp;SoftBank&nbsp;(SFTBY). And while Nvidia has vowed to press ahead, the transaction faces further scrutiny in Europe and China.</p><p><blockquote>美国联邦贸易委员会周四提起诉讼，要求阻止该交易，理由是竞争担忧，并且几乎扼杀了英伟达（股票代码：NVDA）从软银（SFTBY）手中接管这家领先芯片设计公司的前景。尽管英伟达发誓要继续推进，但该交易在欧洲和中国面临进一步审查。</blockquote></p><p> So what comes next?</p><p><blockquote>那么接下来会发生什么？</blockquote></p><p> Following news of the FTC’s hammer-blow, analysts at Citibank slashed the probability of the deal going through to 5% from 30%. The chances used to be slim. Now they’re very slim.</p><p><blockquote>在联邦贸易委员会重拳出击的消息传出后，花旗银行分析师将交易通过的可能性从30%下调至5%。以前机会很小。现在它们非常苗条。</blockquote></p><p> “Nobody thinks this is going to close,” Stacy Rasgon, an analyst at Bernstein Research, told MarketWatch Thursday. “The stock didn’t even bobble when the news came out.”</p><p><blockquote>伯恩斯坦研究公司(Bernstein Research)分析师斯泰西·拉斯贡(Stacy Rasgon)周四对MarketWatch表示：“没有人认为这会结束。”“当消息传出时，该股甚至没有下跌。”</blockquote></p><p> That underscores the fact that analysts have been pessimistic about this for a while.</p><p><blockquote>这凸显了分析师对此持悲观态度已有一段时间的事实。</blockquote></p><p> Last month, Wedbush analyst Matt Bryson outlined how the broker and investment bank continued to believe the proposed coupling wouldn’t be approved. He cited not just regulatory pressure in the U.S., but also China.</p><p><blockquote>上个月，Wedbush分析师马特·布赖森(Matt Bryson)概述了该经纪商和投资银行如何仍然认为拟议的耦合不会获得批准。他不仅提到了美国的监管压力，还提到了中国的监管压力。</blockquote></p><p> “Any concerns about the Arm acquisition closing seem to be having little impact on the stock,” Bryson said at the time. “A lack of an Arm acquisition might have little impact on Nvidia’s momentum.”</p><p><blockquote>布赖森当时表示：“对Arm收购完成的任何担忧似乎对该股影响不大。”“没有收购Arm可能对英伟达的势头影响不大。”</blockquote></p><p> Remember: the metaverse, and the potentially lucrative future in virtual worlds that Nvidia is helping create, wasn’t a consideration for investors when the Arm deal was announced.</p><p><blockquote>请记住：当宣布Arm交易时，投资者并没有考虑元宇宙以及英伟达正在帮助创造的虚拟世界中潜在的利润丰厚的未来。</blockquote></p><p> Since then, Nvidia’s stock has climbed a staggering 165%, from around $120 a share to $320, on the back of a wave of growth optimism covering data centers and cloud computing, artificial intelligence, and, of course, the metaverse.</p><p><blockquote>从那时起，在涵盖数据中心和云计算、人工智能，当然还有元宇宙的增长乐观浪潮的推动下，英伟达的股价上涨了惊人的165%，从每股120美元左右上涨至320美元。</blockquote></p><p> But it’s not over ‘til it’s over. The deal is still alive, barely, for now.</p><p><blockquote>但直到结束才算结束。目前，这笔交易仍然有效，勉强有效。</blockquote></p><p> The thrust of the concerns from the FTC and other regulators is that Arm’s neutrality in the chip industry would be compromised under Nvidia’s ownership. Arm licenses intellectual property to the likes of&nbsp;Apple&nbsp;(AAPL),Amazon&nbsp;(AMZN),Qualcomm&nbsp;(QCOM) and others.</p><p><blockquote>联邦贸易委员会和其他监管机构担忧的主旨是，在英伟达的所有权下，Arm在芯片行业的中立性将受到损害。Arm将知识产权授权给苹果(AAPL)、亚马逊(AMZN)、高通(QCOM)等公司。</blockquote></p><p> If Nvidia owns Arm, the competition concerns go, then it would have access to competitively sensitive information about Arm’s clients, and Arm would be unlikely to pursue innovations that challenge Nvidia’s interests.</p><p><blockquote>如果英伟达拥有Arm，竞争担忧就会消失，那么它将能够获得有关Arm客户的竞争敏感信息，而Arm不太可能追求挑战英伟达利益的创新。</blockquote></p><p> Can these concerns really be addressed?</p><p><blockquote>这些担忧真的能得到解决吗？</blockquote></p><p> “We view a potential path forward if Nvidia can present remedies that, among other options, might include creating a ‘Chinese Wall’ between the research and development engine and Arm business contracts in order to ease the regulatory antitrust concerns,” Citibank analysts Atif Malik and Amanda Scarnati said.</p><p><blockquote>花旗银行分析师Atif表示：“如果英伟达能够提出补救措施，我们认为这是一条潜在的前进道路，其中包括在研发引擎和Arm业务合同之间建立一堵‘中国墙’，以缓解监管反垄断担忧。”马利克和阿曼达·斯卡纳蒂说道。</blockquote></p><p> A dead deal is likely to hurt SoftBank the most. While the Japanese technology investor would get to keep the $2 billion Nvidia paid up front, which includes a $1.25 billion breakup fee, the $40 billion ticket price actually represented a whole lot more.</p><p><blockquote>一笔死交易对软银的伤害可能最大。虽然这家日本科技投资者将保留英伟达预先支付的20亿美元，其中包括12.5亿美元的分手费，但400亿美元的票价实际上意味着更多。</blockquote></p><p> That $40 billion figure included what, at the time, was 44.3 million Nvidia shares valued at some $21.5 billion. Since then, Nvidia’s stock has torn higher, making the stock part of a cash-and-stock deal a lot more lucrative.</p><p><blockquote>这400亿美元的数字包括当时4430万股Nvidia股票，价值约215亿美元。此后，英伟达的股价一路走高，使得现金加股票交易的股票利润更高。</blockquote></p><p> Nvidia stock was 0.8% lower in premarket trading Friday, slightly outpacing declines in Nasdaq 100 futures.</p><p><blockquote>周五盘前交易中，英伟达股价下跌0.8%，略高于纳斯达克100指数期货的跌幅。</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>Nvidia’s Purchase of Arm Is (Likely) Dead. What Comes Next?<blockquote>英伟达对Arm的收购（很可能）已经胎死腹中。接下来会发生什么？</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\">\nNvidia’s Purchase of Arm Is (Likely) Dead. What Comes Next?<blockquote>英伟达对Arm的收购（很可能）已经胎死腹中。接下来会发生什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-03 20:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Nvidia‘s $40 billion purchase of Arm—heralded as the biggest deal in the history of the semiconductor industry—looks dead in the water.</p><p><blockquote>英伟达以400亿美元收购Arm的交易——被誉为半导体行业历史上最大的交易——看起来已经泡汤了。</blockquote></p><p> The Federal Trade Commission sued to block the deal Thursday, citing competition concerns and all but killing the prospect of Nvidia (ticker: NVDA) taking over control of the leading chip designer from&nbsp;SoftBank&nbsp;(SFTBY). And while Nvidia has vowed to press ahead, the transaction faces further scrutiny in Europe and China.</p><p><blockquote>美国联邦贸易委员会周四提起诉讼，要求阻止该交易，理由是竞争担忧，并且几乎扼杀了英伟达（股票代码：NVDA）从软银（SFTBY）手中接管这家领先芯片设计公司的前景。尽管英伟达发誓要继续推进，但该交易在欧洲和中国面临进一步审查。</blockquote></p><p> So what comes next?</p><p><blockquote>那么接下来会发生什么？</blockquote></p><p> Following news of the FTC’s hammer-blow, analysts at Citibank slashed the probability of the deal going through to 5% from 30%. The chances used to be slim. Now they’re very slim.</p><p><blockquote>在联邦贸易委员会重拳出击的消息传出后，花旗银行分析师将交易通过的可能性从30%下调至5%。以前机会很小。现在它们非常苗条。</blockquote></p><p> “Nobody thinks this is going to close,” Stacy Rasgon, an analyst at Bernstein Research, told MarketWatch Thursday. “The stock didn’t even bobble when the news came out.”</p><p><blockquote>伯恩斯坦研究公司(Bernstein Research)分析师斯泰西·拉斯贡(Stacy Rasgon)周四对MarketWatch表示：“没有人认为这会结束。”“当消息传出时，该股甚至没有下跌。”</blockquote></p><p> That underscores the fact that analysts have been pessimistic about this for a while.</p><p><blockquote>这凸显了分析师对此持悲观态度已有一段时间的事实。</blockquote></p><p> Last month, Wedbush analyst Matt Bryson outlined how the broker and investment bank continued to believe the proposed coupling wouldn’t be approved. He cited not just regulatory pressure in the U.S., but also China.</p><p><blockquote>上个月，Wedbush分析师马特·布赖森(Matt Bryson)概述了该经纪商和投资银行如何仍然认为拟议的耦合不会获得批准。他不仅提到了美国的监管压力，还提到了中国的监管压力。</blockquote></p><p> “Any concerns about the Arm acquisition closing seem to be having little impact on the stock,” Bryson said at the time. “A lack of an Arm acquisition might have little impact on Nvidia’s momentum.”</p><p><blockquote>布赖森当时表示：“对Arm收购完成的任何担忧似乎对该股影响不大。”“没有收购Arm可能对英伟达的势头影响不大。”</blockquote></p><p> Remember: the metaverse, and the potentially lucrative future in virtual worlds that Nvidia is helping create, wasn’t a consideration for investors when the Arm deal was announced.</p><p><blockquote>请记住：当宣布Arm交易时，投资者并没有考虑元宇宙以及英伟达正在帮助创造的虚拟世界中潜在的利润丰厚的未来。</blockquote></p><p> Since then, Nvidia’s stock has climbed a staggering 165%, from around $120 a share to $320, on the back of a wave of growth optimism covering data centers and cloud computing, artificial intelligence, and, of course, the metaverse.</p><p><blockquote>从那时起，在涵盖数据中心和云计算、人工智能，当然还有元宇宙的增长乐观浪潮的推动下，英伟达的股价上涨了惊人的165%，从每股120美元左右上涨至320美元。</blockquote></p><p> But it’s not over ‘til it’s over. The deal is still alive, barely, for now.</p><p><blockquote>但直到结束才算结束。目前，这笔交易仍然有效，勉强有效。</blockquote></p><p> The thrust of the concerns from the FTC and other regulators is that Arm’s neutrality in the chip industry would be compromised under Nvidia’s ownership. Arm licenses intellectual property to the likes of&nbsp;Apple&nbsp;(AAPL),Amazon&nbsp;(AMZN),Qualcomm&nbsp;(QCOM) and others.</p><p><blockquote>联邦贸易委员会和其他监管机构担忧的主旨是，在英伟达的所有权下，Arm在芯片行业的中立性将受到损害。Arm将知识产权授权给苹果(AAPL)、亚马逊(AMZN)、高通(QCOM)等公司。</blockquote></p><p> If Nvidia owns Arm, the competition concerns go, then it would have access to competitively sensitive information about Arm’s clients, and Arm would be unlikely to pursue innovations that challenge Nvidia’s interests.</p><p><blockquote>如果英伟达拥有Arm，竞争担忧就会消失，那么它将能够获得有关Arm客户的竞争敏感信息，而Arm不太可能追求挑战英伟达利益的创新。</blockquote></p><p> Can these concerns really be addressed?</p><p><blockquote>这些担忧真的能得到解决吗？</blockquote></p><p> “We view a potential path forward if Nvidia can present remedies that, among other options, might include creating a ‘Chinese Wall’ between the research and development engine and Arm business contracts in order to ease the regulatory antitrust concerns,” Citibank analysts Atif Malik and Amanda Scarnati said.</p><p><blockquote>花旗银行分析师Atif表示：“如果英伟达能够提出补救措施，我们认为这是一条潜在的前进道路，其中包括在研发引擎和Arm业务合同之间建立一堵‘中国墙’，以缓解监管反垄断担忧。”马利克和阿曼达·斯卡纳蒂说道。</blockquote></p><p> A dead deal is likely to hurt SoftBank the most. While the Japanese technology investor would get to keep the $2 billion Nvidia paid up front, which includes a $1.25 billion breakup fee, the $40 billion ticket price actually represented a whole lot more.</p><p><blockquote>一笔死交易对软银的伤害可能最大。虽然这家日本科技投资者将保留英伟达预先支付的20亿美元，其中包括12.5亿美元的分手费，但400亿美元的票价实际上意味着更多。</blockquote></p><p> That $40 billion figure included what, at the time, was 44.3 million Nvidia shares valued at some $21.5 billion. Since then, Nvidia’s stock has torn higher, making the stock part of a cash-and-stock deal a lot more lucrative.</p><p><blockquote>这400亿美元的数字包括当时4430万股Nvidia股票，价值约215亿美元。此后，英伟达的股价一路走高，使得现金加股票交易的股票利润更高。</blockquote></p><p> Nvidia stock was 0.8% lower in premarket trading Friday, slightly outpacing declines in Nasdaq 100 futures.</p><p><blockquote>周五盘前交易中，英伟达股价下跌0.8%，略高于纳斯达克100指数期货的跌幅。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/nvidia-nvda-arm-acquisition-ftc-51638533956?mod=hp_LATEST\">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":{"NVDA":"英伟达"},"source_url":"https://www.barrons.com/articles/nvidia-nvda-arm-acquisition-ftc-51638533956?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175699025","content_text":"Nvidia‘s $40 billion purchase of Arm—heralded as the biggest deal in the history of the semiconductor industry—looks dead in the water.\nThe Federal Trade Commission sued to block the deal Thursday, citing competition concerns and all but killing the prospect of Nvidia (ticker: NVDA) taking over control of the leading chip designer from SoftBank (SFTBY). And while Nvidia has vowed to press ahead, the transaction faces further scrutiny in Europe and China.\nSo what comes next?\nFollowing news of the FTC’s hammer-blow, analysts at Citibank slashed the probability of the deal going through to 5% from 30%. The chances used to be slim. Now they’re very slim.\n“Nobody thinks this is going to close,” Stacy Rasgon, an analyst at Bernstein Research, told MarketWatch Thursday. “The stock didn’t even bobble when the news came out.”\nThat underscores the fact that analysts have been pessimistic about this for a while.\nLast month, Wedbush analyst Matt Bryson outlined how the broker and investment bank continued to believe the proposed coupling wouldn’t be approved. He cited not just regulatory pressure in the U.S., but also China.\n“Any concerns about the Arm acquisition closing seem to be having little impact on the stock,” Bryson said at the time. “A lack of an Arm acquisition might have little impact on Nvidia’s momentum.”\nRemember: the metaverse, and the potentially lucrative future in virtual worlds that Nvidia is helping create, wasn’t a consideration for investors when the Arm deal was announced.\nSince then, Nvidia’s stock has climbed a staggering 165%, from around $120 a share to $320, on the back of a wave of growth optimism covering data centers and cloud computing, artificial intelligence, and, of course, the metaverse.\nBut it’s not over ‘til it’s over. The deal is still alive, barely, for now.\nThe thrust of the concerns from the FTC and other regulators is that Arm’s neutrality in the chip industry would be compromised under Nvidia’s ownership. Arm licenses intellectual property to the likes of Apple (AAPL),Amazon (AMZN),Qualcomm (QCOM) and others.\nIf Nvidia owns Arm, the competition concerns go, then it would have access to competitively sensitive information about Arm’s clients, and Arm would be unlikely to pursue innovations that challenge Nvidia’s interests.\nCan these concerns really be addressed?\n“We view a potential path forward if Nvidia can present remedies that, among other options, might include creating a ‘Chinese Wall’ between the research and development engine and Arm business contracts in order to ease the regulatory antitrust concerns,” Citibank analysts Atif Malik and Amanda Scarnati said.\nA dead deal is likely to hurt SoftBank the most. While the Japanese technology investor would get to keep the $2 billion Nvidia paid up front, which includes a $1.25 billion breakup fee, the $40 billion ticket price actually represented a whole lot more.\nThat $40 billion figure included what, at the time, was 44.3 million Nvidia shares valued at some $21.5 billion. Since then, Nvidia’s stock has torn higher, making the stock part of a cash-and-stock deal a lot more lucrative.\nNvidia stock was 0.8% lower in premarket trading Friday, slightly outpacing declines in Nasdaq 100 futures.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":1990,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871097845,"gmtCreate":1636991932891,"gmtModify":1636991932891,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/871097845","repostId":"1191935323","repostType":4,"isVote":1,"tweetType":1,"viewCount":827,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873895761,"gmtCreate":1636905532956,"gmtModify":1636905532956,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/873895761","repostId":"1130613433","repostType":4,"repost":{"id":"1130613433","kind":"news","pubTimestamp":1636854571,"share":"https://www.laohu8.com/m/news/1130613433?lang=zh_CN&edition=full","pubTime":"2021-11-14 09:49","market":"us","language":"en","title":"7 Earnings Reports to Watch Next Week<blockquote>下周值得关注的7份财报</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130613433","media":"InvestorPlace","summary":"A parade of retailers report earnings as their share prices remain buoyant\nSource: Shutterstock\nReta","content":"<p><div> A parade of retailers report earnings as their share prices remain buoyant Source: Shutterstock Retailers and big box chains take center stage next week as the earnings train rolls on. And these ...</p><p><blockquote><div>随着股价保持强劲，众多零售商公布了财报资料来源：Shutterstock随着财报列车的继续，零售商和大型连锁店将成为下周的中心舞台。还有这些...</div></blockquote></p><p>  <a href=\"https://investorplace.com/earnings-reports-to-watch-next-week/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/earnings-reports-to-watch-next-week/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","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>7 Earnings Reports to Watch Next Week<blockquote>下周值得关注的7份财报</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\">\n7 Earnings Reports to Watch Next Week<blockquote>下周值得关注的7份财报</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-11-14 09:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> A parade of retailers report earnings as their share prices remain buoyant Source: Shutterstock Retailers and big box chains take center stage next week as the earnings train rolls on. And these ...</p><p><blockquote><div>随着股价保持强劲，众多零售商公布了财报资料来源：Shutterstock随着财报列车的继续，零售商和大型连锁店将成为下周的中心舞台。还有这些...</div></blockquote></p><p>  <a href=\"https://investorplace.com/earnings-reports-to-watch-next-week/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/earnings-reports-to-watch-next-week/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/earnings-reports-to-watch-next-week/\">InvestorPlace</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":{"LOW":"劳氏","HD":"家得宝","TGT":"塔吉特","M":"梅西百货","LZB":"La-Z-Boy家具","WMT":"沃尔玛"},"source_url":"https://investorplace.com/earnings-reports-to-watch-next-week/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130613433","content_text":"A parade of retailers report earnings as their share prices remain buoyant\nSource: Shutterstock\nRetailers and big box chains take center stage next week as the earnings train rolls on. And these earnings come as we enter the pivotal holiday sales season, which can make or break retailers large and small.\nAnalysts on Wall Street will be carefully parsing next week’s results to gain insights into how the economic reopening is holding up, and, in particular, how consumer spending performed heading into the fourth and final quarter of the year.\nIt has been a good run for stocks of retailers in recent weeks, with the SPDR S&P Retail ETF(NYSEARCA:XRT) up 15% over the past month. Sentiment regarding retailers has turned bullish as we approach the lucrative holiday sales period and the twin events of Black Friday and Cyber Monday.\nStrong earnings reports from key retail companies are likely to keep stocks across the sector buoyant as we near year-end.Here are seven retail stocks reporting earnings the week of Nov. 15.\n\nWalmart(NYSE:WMT)\nHome Depot(NYSE:HD)\nLa-Z-Boy(NYSE:LZB)\nLowe’s(NYSE:LOW)\nTarget(NYSE:TGT)\nMacy’s(NYSE:M)\nFoot Locker(NYSE:FL)\n\nWalmart (WMT)\nFirst out of the gate next week is Walmart, the world’s biggest retailer with more than 10,000 stores, 2.3 million employees and annual revenues of nearly $550 billion.\nThe retail colossus survived the pandemic largely by ramping up its online sales strategy, and its brick-and-mortar stores have been recovering this year as the economy reopens.\nHowever, despite its efforts and success, Walmart’s stock has underperformed, rising only 1% year-to-date at $148.50 a share. In the past 52 weeks, WMT stock has gained a slight 0.35%. The tepid growth has frustrated Walmart shareholders who have had to watch while rival retail stocks have risen more than 50% this year.\nA strong third-quarter report from Walmart could give the share price a much needed boost.Wall Street is looking for the company to report earnings per share (EPS) of $1.40 on revenues of $135.52 billion. Any beat to the upside will be well-received and could be the catalyst needed to finally move the needle on WMT stock.\nThe company has received several bullish analyst ratings recently, with Goldman Sachs(NYSE:GS) adding the stockto its “conviction buy” list in October. The median price target on the stock, among 19 analysts who cover Walmart, is $170, which is 15% higher than its current level.\nHome Depot (HD)\nAlso reporting Q3 results next week is home improvement retailer Home Depot. The Atlanta-headquartered company has seemingly had it both ways during the pandemic. The company performed well during Covid-19 lockdowns as people focused on fixing up their homes, and has continued to perform well this year as the economic recovery accelerated.\nYear-to-date, HD stock is up nearly 40% at $367.55 per share. And despite the bull run, Home Depot’s share price has continued to trend upward, rising nearly 10% since the start of October. The company is no doubt looking to finish the year strong and keep the momentum in its stock going with its third-quarter results.\nAnalysts are forecasting that Home Depot will report EPS of $3.36 on revenues of $34.69 billion for Q3. This would be after the company reported that its sales in this year’s second quarter increased 8.1% from a year ago to $41 billion, the first time in the company’s history that its quarterly sales surpassed $40 billion.\nWith home prices continuing to rise in the U.S.,up 20% in August this year from the same month of 2020 according to the Federal Reserve Bank of St. Louis, homeowners seem content to continue taking equity out of their domicile and spending it to improve its value, which benefits Home Depot.\nLa-Z-Boy (LZB)\nFurniture manufacturer La-Z-Boy, which is known for its signature brand of upholstered recliners, reports earnings next week as it shares finally breakout after being down for most of this year.\nOver the last month, LZB stock has gained 12% and now trades at $11.43 a share. However, even with that strong performance, the stock remains down 7% on the year. Strong third-quarter results heading into the holidays could accelerate the growth of La-Z-Boy’s stock.\nAnalysts expect the company to announce Q3 EPS of 73 cents on revenues of $540 million.  La-Z-Boy has outperformed Wall Street’s earnings expectations in the four previous quarters. Overall, La-Z-Boy has grown its revenues by 9.5% and grown its net income by 32.3% since 2018. The furniture retailer is also praised for having a clean balance sheet with $391.21 million in cash on hand and $362.64 million in total debt.\nAnalysts will be watching La-Z-Boy to see if global supply constraints have materially impacted its business or will do so going forward.\nLowe’s (LOW)\nLowe’s, the home improvement retailer and main rival of Home Depot, also reports next week. And, as with Home Depot, Lowe’s stock has been a strong outperformer this year, up a total of 45% to $232.76 a share.\nThe rally in LOW stock has gathered steam in recent weeks, with the share price climbing 11% over the last month. The stellar stock performance has been propelled by exceptional sales that reached a record $27.6 billion in Lowe’s previous quarterly report.\nEqually impressive is the fact that Lowe’s says it now generates 25% of its revenues from professionals such as contractors, electricians and plumbers. It is those professionals that are highly coveted by both Lowe’s and Home Depot as consistent repeat customers.\nIn an effort to attract even more professional customers and keep its sales in record territory, Lowe’s has beendesigning more intuitive store layouts based on helping contractors and other trades find everything they need for a specific job without having to search the entire store.\nAdditionally, the company has moved its website “Lowe’s for Pros” to the cloud, which enabled the company to add enhanced features, faster updates, and provide more personalized offers to those highly sought after professionals.Analysts have forecast that Lowe’s will announce EPS of $2.31 on revenues of $21.77 billion for its most recent quarter.\nTarget (TGT)\nTarget has been yet another top performer among retail stocks, up 44% so far in 2021 and up 60% in the last 52-weeks. At $256.26. TGT stock has run uninterrupted all year.\nHowever, some analysts are raising concerns that the rally could be running out of steam. When Goldman Sachs added Walmart to its conviction list in October, the investment bank removed Target, stating that is expects slower growth from the Minneapolis-based company next year that is more inline with its historic performance. Target will be looking to prove the naysayers wrong when it announces its Q3 results.\nMuch of Target’s turnaround over the past few years is attributed to CEOBrian Cornell, who took over in 2014 as the company was dealing with a data breach that exposed the debit and credit card information of 40 million customers and its expansion into Canada was failing and dragging on the bottom line.\nCornell made the decision to exit Canada and has since invested heavily in e-commerce and brand name apparel. The moves proved to be the right ones judging by TGT stock, which is up 236% over the past five years. For next week’s earnings,Wall Street is anticipating EPS of $2.81 on revenues of $24.59 billion.\nMacy’s (M)\nMacy’s has not only been a top-performing retail stock, it has been one of the best performing of all stocks this year. Since January, Macy’s share price has increased 175% to its current level of $30.89. In the last month alone, M stock has gained 36%. The company has left its competitors in the dust as its shares continue rising higher and higher.\nMacy’s now has a market capitalization approaching $10 billion. The incredible growth is due to a strong e-commerce strategy that has propelled shares higher. Although some analysts have claimed that Macy’s share price appreciation is due to it being treated as a meme stock by retail investors.\nFounded in 1858, Macy’s today operates more than nearly 800 stores under the Macy’s, Bloomingdale’s and Bluemercury brands. The company has recently been targeted by activist group Jana Partners, which is trying to force Macy’s to spin-off its successful and lucrative e-commerce business, which Jana Partners has estimated could be worth $15 billion.\nThe reaction to Jana Partners efforts has been largely negative and it looks as though Macy’s will control its own destiny when it comes to its e-commerce platform. For its latest earnings, analysts forecast Macy’s will report EPS of $0.29 on revenues of $5.18 billion.\nFoot Locker (FL)\nNew York-based footwear and apparel retailer Foot Locker’s latest earnings report comes as its stock has risen 15% in the last month, bringing year-to-date gains to 37%. At $53.86 a share, FL stock is now up nearly 50% in the past 52-weeks.\nThe company just announced that it is launching a brand new apparel line called “LCKR” that is focused on casual wear such as pullover hoodies and sweatpants. Foot Locker enlisted popular rapper Gunna to be the face of its newest brand, which officially launched Oct. 20 and should help boost sales heading into the New Year.\nThe company also recently completed a $360 million acquisition of Japanese retailer Atmos, which sells premium sneakers and apparel at 49 stores around the world, including 39 in Japan. The deal helps to expand Foot Locker globally as the company seeks growth opportunities outside its American home market.\nAnalysts have praised Foot Locker for its recent moves aimed at expanding its brand and operations. When it announces earnings next week,Wall Street is looking for the company to report EPS of $1.35 and revenues of $2.12 billion.","news_type":1,"symbols_score_info":{"FL":0.9,"LOW":0.9,"TGT":0.9,"HD":0.9,"LZB":0.9,"WMT":0.9,"M":0.9}},"isVote":1,"tweetType":1,"viewCount":653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":866181150,"gmtCreate":1632747436370,"gmtModify":1632798152479,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Seems not","listText":"Seems not","text":"Seems not","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/866181150","repostId":"1145695816","repostType":4,"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":818492565,"gmtCreate":1630423770857,"gmtModify":1633678150908,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Why not 5000 by end of this year","listText":"Why not 5000 by end of this year","text":"Why not 5000 by end of this year","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/818492565","repostId":"2163185185","repostType":4,"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":878153621,"gmtCreate":1637161173629,"gmtModify":1637161173629,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"To the moon","listText":"To the moon","text":"To the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878153621","repostId":"1176632260","repostType":4,"repost":{"id":"1176632260","kind":"news","pubTimestamp":1637158579,"share":"https://www.laohu8.com/m/news/1176632260?lang=zh_CN&edition=full","pubTime":"2021-11-17 22:16","market":"us","language":"en","title":"Palantir Stock: The Bull Thesis Keeps Getting Stronger<blockquote>Palantir股票：牛市论点不断增强</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1176632260","media":"seekingalpha","summary":"Summary\n\nDespite registering a deceleration in revenue growth in Q3, the bullish thesis for Palantir","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Despite registering a deceleration in revenue growth in Q3, the bullish thesis for Palantir is getting stronger as commercial business momentum picks up and share-based compensation moderates.</li>  <li>Palantir's long-term growth trajectory is intact, with management guiding for 30%+ CAGR sales growth through 2025. Furthermore, Palantir is already looking like a free cash flow machine in the making.</li>  <li>The stock is undervalued at current levels, offering investors an excellent opportunity to generate long-term alpha.</li>  <li>I rate Palantir a strong buy at ~$23.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02d7c2e5739d48a7457788f40f66148c\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Michael Vi/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>尽管第三季度收入增长放缓，但随着商业业务势头回升和股权薪酬放缓，Palantir的看涨论点越来越强。</li><li>Palantir的长期增长轨迹完好无损，管理层指导到2025年销售额复合年增长率为30%以上。此外，Palantir看起来已经像一台正在形成的自由现金流机器。</li><li>该股在目前水平上被低估，为投资者提供了产生长期阿尔法的绝佳机会。</li><li>我对Palantir的评级为强力买入，价格约为23美元。</li></ul><p class=\"t-img-caption\"><span>Michael Vi/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> Palantir's (PLTR) latest quarterly results and forward guidance showed signs of decelerating growth. When sales growth decelerates, high-multiple growth stocks tend to come under pressure, and that's what happened with Palantir last week. In the near term, the stock market is a voting machine; however, in the long term, the market is a weighing machine. To be successful, investors must focus on the long term. Looking at Palantir's weak price action, it is easy to forget that Palantir is a truly special company with an impenetrable moat that includes superior technology, network effects (government and commercial relationships), visionary management, and a strong brand image (tied to anti-terrorism and nationalism). In my view, the latest sell-off in Palantir is a great long-term buying opportunity, and I will outline my reasoning in the following sections.</p><p><blockquote>Palantir(PLTR)最新的季度业绩和前瞻性指引显示出增长减速的迹象。当销售增长放缓时，高市盈率增长股票往往会面临压力，这就是上周Palantir发生的情况。从近期来看，股市是一台投票机；然而，从长期来看，市场是一台称重机。要想成功，投资者必须着眼于长期。看着Palantir疲软的价格走势，人们很容易忘记Palantir是一家真正特殊的公司，拥有一条坚不可摧的护城河，其中包括卓越的技术、网络效应（政府和商业关系）、富有远见的管理和强大的品牌形象（与反恐和民族主义相关）。在我看来，Palantir最近的抛售是一个很好的长期买入机会，我将在以下部分概述我的推理。</blockquote></p><p> As you may know, Palantir's vision is to become the most important software company on this planet. Today, Palantir's edge AI platforms have the potential to dominate the data OS and analytics space, which happens to be a rapidly growing market. With each passing quarter, Palantir is winning new customers, and as such, the bull thesis for Palantir keeps getting stronger. Now, Palantir's Q3 report was far from perfect as the company showed signs of a growth slowdown. However, Palantir's growing business momentum in the commercial sector and signs of a long-overdue moderation in stock-based compensation expenses strengthen the bullish thesis for the company. To learn more about my bullish thesis on Palantir, I recommend you to read the following notes:</p><p><blockquote>您可能知道，Palantir的愿景是成为这个星球上最重要的软件公司。如今，Palantir的边缘人工智能平台有潜力主导数据操作系统和分析领域，这恰好是一个快速增长的市场。随着每个季度的过去，Palantir都在赢得新客户，因此，Palantir的牛市论点不断增强。现在，Palantir的第三季度报告远非完美，因为该公司显示出增长放缓的迹象。然而，Palantir在商业领域不断增长的业务势头以及股票薪酬支出早就应该放缓的迹象强化了该公司的看涨论点。要了解有关我对Palantir的看涨论点的更多信息，我建议您阅读以下注释：</blockquote></p><p> <ol>  <li>Palantir Is Uncannily Similar To Tesla</li>  <li>Palantir Is Redefining Operating Systems For The Modern World</li>  <li>Palantir Stock: Building An Army</li> </ol> Before we derive the fair value and expected returns for Palantir, let's analyze Palantir's Q3 results in more detail.</p><p><blockquote><ol><li>Palantir与特斯拉惊人地相似</li><li>Palantir正在重新定义现代世界的操作系统</li><li>Palantir股票：建立一支军队</li></ol>在得出Palantir的公允价值和预期回报之前，让我们更详细地分析Palantir第三季度的业绩。</blockquote></p><p> <b>Breaking Down Palantir's Q3 Results</b></p><p><blockquote><b>Palantir第三季度业绩细分</b></blockquote></p><p> In Q3, Palantir's revenue grew by 36% y/y to come in at $392M (ahead of management's guidance of $385M). Although Palantir beat on sales guidance, the sales growth decelerated significantly in Q3 2021 (from the 49% y/y growth seen in Q2 2021). At a time when IT spending is very healthy (as evidenced by Microsoft's stellar Q3 results), and data analytics software firms are supposed to outperform expectations as the economy returns to normalcy, why is Palantir's growth slowing down, where is the weakness coming from?</p><p><blockquote>第三季度，Palantir的收入同比增长36%，达到3.92亿美元（高于管理层指导的3.85亿美元）。尽管Palantir超出了销售指引，但2021年第三季度的销售增长显着放缓（2021年第二季度同比增长49%）。在IT支出非常健康的时候（微软第三季度出色的业绩就证明了这一点），随着经济恢复正常，数据分析软件公司的表现应该会超出预期，为什么Palantir的增长会放缓，弱点来自哪里？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/39599f1410f08819b841ca3cb5dad21f\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> After registering an impressive 60%+ y/y growth in the first half of 2021, Palantir's government business growth slowed down drastically in Q3 2021. Although Palantir's government sector revenue growth rate dropped from 66% y/y in Q2 to 34% y/y in Q3, these results are by no means poor. The slowdown could just be a result of budget management as the government fiscal year ends in September. Now, Palantir's management has always maintained that their focus is on the long-term, and we understand that Palantir's growth could be lumpy due to the nature of its contracts. On a positive note, Palantir did win some deals during this quarter, including the $900M deal with the US Army for providing Intelligence Data Fabric and Analytics solutions.</p><p><blockquote>在2021年上半年实现了令人印象深刻的60%以上的同比增长后，Palantir的政府业务增长在2021年第三季度大幅放缓。虽然Palantir的政府部门收入增速从Q2的66%y/y下降到Q3的34%y/y，但这些成绩绝不差。随着政府财政年度将于9月结束，经济放缓可能只是预算管理的结果。现在，Palantir的管理层一直坚称他们的重点是长期，我们知道，由于其合同的性质，Palantir的增长可能会不稳定。从积极的方面来看，Palantir在本季度确实赢得了一些交易，包括与美国陆军达成的价值9亿美元的提供情报数据结构和分析解决方案的交易。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87b9454707f695d2944d0831e1dcfc64\" tg-width=\"640\" tg-height=\"308\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p></p><p> In contrast to Palantir's government business, its commercial business is experiencing an acceleration in growth as the company moves downstream by offering its Foundry platform to select Day Zero companies (young startups) under its \"Foundry for Startups\" initiative. Palantir wants to become the primary data operating system provider for the next generation of tech behemoths, and this move downstream unlocks a massive market for the software provider. In Q3, Palantir's commercial revenue came in at $174M (~44% of total revenues), implying a growth rate of 37% y/y [US commercial revenue growth accelerated to 103% y/y). Hence, it is easy to see that Palantir's diversification efforts are starting to pay off. The commercial sector is a much larger market compared to the governmental sector; hence, Palantir gaining traction here outweighs its government business slowdown.</p><p><blockquote>与Palantir的政府业务相比，随着该公司根据“初创公司代工”计划向选定的零日公司（年轻的初创公司）提供代工平台，向下游转移，其商业业务正在加速增长。Palantir希望成为下一代科技巨头的主要数据操作系统提供商，这一下游举措为该软件提供商打开了巨大的市场。第三季度，Palantir的商业收入为1.74亿美元（约占总收入的44%），这意味着同比增长率为37%【美国商业收入同比增长加速至103%）。因此，很容易看出Palantir的多元化努力开始得到回报。与政府部门相比，商业部门是一个更大的市场；因此，Palantir在这里获得的牵引力超过了其政府业务的放缓。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3f6979dbeb3a9f06a44e34258ff7c6b\" tg-width=\"640\" tg-height=\"309\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> On the margin front, Palantir continues to report massive numbers. In Q3 2021, Palantir's adj. gross margin rose to 82% (up ~100 bps y/y), and the contribution margin expanded to 57% (up ~100 bps y/y). Now, Palantir is still not profitable due to a seemingly exorbitant stock-based compensation plan; however, with its margin profile, it is only a matter of time before Palantir becomes a very profitable business.</p><p><blockquote>在利润率方面，Palantir继续报告大量数据。2021年第三季度，Palantir的调整后。毛利率升至82%（同比增长约100个基点），贡献率扩大至57%（同比增长约100个基点）。现在，由于看似过高的股票薪酬计划，Palantir仍然没有盈利；然而，凭借其利润率，Palantir成为一家利润丰厚的企业只是时间问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f0cb8cf252718ea948f211d13fc9f4a4\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> For now, I am happy to see robust free cash flow generation from Palantir. So far in 2021, Palantir has generated $320M in adj. free cash flow (at 29% adj. FCF margin). Palantir is still in the hyper-growth phase, and so, I can see Palantir turning into an FCF machine over the 2020s - akin to today's big tech companies.</p><p><blockquote>目前，我很高兴看到Palantir产生强劲的自由现金流。2021年到目前为止，Palantir的调整后收入为3.2亿美元。自由现金流（调整后自由现金流利润率为29%）。Palantir仍处于高速增长阶段，因此，我可以看到Palantir在2020年代变成一台FCF机器——类似于当今的大型科技公司。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bceb504dc349b3c31a9307c531595e44\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34495a6627f39f40acd745f911cfa795\" tg-width=\"640\" tg-height=\"239\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> For Q4, Palantir's management guided for revenues of $418M (sequential growth of $26M (+6.66% q/q)). Furthermore, Palantir guided for adj. operating margins to decline to 22%; however, they guided for 22% for Q3 2021, and the actual adj. operating margins came in at 30%. So, I think there's some level of sandbagging embedded into this guidance.</p><p><blockquote>Palantir管理层预计第四季度收入为4.18亿美元（环比增长2600万美元（环比增长6.66%））。此外，Palantir还指导了adj。营业利润率将下降至22%；然而，他们预计2021年第三季度的增长率为22%，实际调整后的增长率为22%。营业利润率为30%。所以，我认为这个指南中包含了某种程度的沙袋。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/da7d14573f4162af9e75a0122f8b3618\" tg-width=\"640\" tg-height=\"258\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> For 2021, Palantir is now expected to grow revenue to $1.527B (up 40% y/y) with adj. free cash flow of more than $400M. In the past, Alex Karp, Palantir's CEO, has guided for 30%+ CAGR sales growth through 2025. Hence, we can confidently expect the company to hit the $2B annual revenue milestone next year.</p><p><blockquote>2021年，Palantir目前预计收入将增长至$15.27 B（同比增长40%）。自由现金流超过4亿美元。过去，Palantir首席执行官Alex Karp曾预计到2025年复合年增长率将达到30%以上。因此，我们可以自信地预计该公司明年将达到20亿美元的年收入里程碑。</blockquote></p><p> Since its public listing, the bearish arguments against Palantir have been centered around limited traction among commercial customers and its bloated stock-based compensation plan. However, I think Palantir is proving these arguments to be false, and Q3 was a real conviction booster.</p><p><blockquote>自公开上市以来，针对Palantir的看跌论点一直集中在商业客户的吸引力有限及其臃肿的股票薪酬计划上。然而，我认为Palantir正在证明这些论点是错误的，而第三季度是一个真正的信念助推器。</blockquote></p><p> <b>The Bull Thesis Is Getting Stronger</b></p><p><blockquote><b>牛市论点越来越强</b></blockquote></p><p> In Q3 2021, Palantir added 34 net new customers, i.e., 20% q/q growth in total customers. The commercial customer count outpaced total customer growth by growing at 46% q/q, representing clear business momentum for Palantir's commercial offerings.</p><p><blockquote>2021年第三季度，Palantir新增34家净新客户，即客户总数环比增长20%。商业客户数量环比增长46%，超过了总客户增长，代表了Palantir商业产品的明显业务势头。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65524e6cad63512b8c28545d2694003a\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> With Palantir now offering its Foundry platform to smaller companies, we can expect this commercial customer count to inflate over coming quarters and years. Many critics have labeled Palantir's SPAC investments as deals for buying revenue; however, we see these deals as strategic investments to prove the viability of Palantir's software platform across various use-cases in the commercial sector. Furthermore, Palantir's deal closure data (shared below) shows that Palantir's big investments in Sales and Marketing are paying off quite handsomely.</p><p><blockquote>随着Palantir现在向较小的公司提供其代工平台，我们预计商业客户数量将在未来几个季度和几年内膨胀。许多批评者将Palantir的SPAC投资称为购买收入的交易；然而，我们将这些交易视为战略投资，以证明Palantir软件平台在商业领域各种用例中的可行性。此外，Palantir的交易完成数据（分享如下）显示，Palantir在销售和营销方面的巨额投资正在获得相当可观的回报。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8870c2d7c6a9a734f125d76047ce3c1f\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p></p><p> At the end of Q3, Palantir had $3.6B in total remaining deal value [commercial remaining deal value of $2.2B (up 101% y/y)], giving the company a strong pipeline for the next few years.</p><p><blockquote>截至第三季度末，Palantir的总剩余交易价值为$3.6 B[商业剩余交易价值为$2.2 B（同比增长101%）]，为该公司未来几年提供了强大的渠道。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/835f52a8f182efefcd5e9eaeb63bcfef\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> A particularly thorny issue for Palantir's shareholders has been its bloated share-based compensation plan that makes the company look more like an employee cooperative rather than a publicly-traded for-profit corporation. Although Palantir's stock-based compensation ($184M; 47% of total revenues) remained at ultra-high levels in Q3 2021, the trend is clearly pointing towards moderation in SBC.</p><p><blockquote>对于Palantir的股东来说，一个特别棘手的问题是其臃肿的股权薪酬计划，这使得该公司看起来更像是一家员工合作社，而不是一家上市的营利性公司。尽管Palantir的股票薪酬（1.84亿美元；占总收入的47%）在2021年第三季度仍保持在超高水平，但这一趋势显然表明SBC正在放缓。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94dbf880d002116e8df5fd9bc5e7b370\" tg-width=\"640\" tg-height=\"433\" referrerpolicy=\"no-referrer\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> As Palantir scales up, revenues are growing rapidly, and the stock-based compensation [as a percentage of revenue] continues to decline. Hence, the bearish argument against Palantir is getting weaker with every passing quarter. Now, let's determine Palantir's fair value and expected returns to make an informed investment decision.</p><p><blockquote>随着Palantir规模的扩大，收入迅速增长，而基于股票的薪酬[占收入的百分比]持续下降。因此，随着每个季度的过去，对Palantir的看跌论点越来越弱。现在，让我们确定Palantir的公允价值和预期回报，以做出明智的投资决策。</blockquote></p><p> Palantir's Fair Value And Expected Return</p><p><blockquote>Palantir的公允价值和预期回报</blockquote></p><p> To find Palantir's fair value, we will employ our proprietary valuation model. Here's what it entails:</p><p><blockquote>为了找到Palantir的公允价值，我们将采用我们专有的估值模型。它的含义如下：</blockquote></p><p> <ul>  <li>In step 1, we use a traditional DCF model with free cash flow discounted by our (shareholders) cost of capital.</p><p><blockquote><ul><li>在第一步中，我们使用传统的DCF模型，自由现金流按我们（股东）的资本成本贴现。</li></ul></blockquote></p><p></li>  <li>In step 2, the model accounts for the effects of the change in shares outstanding (buybacks/dilutions).</p><p><blockquote><li>在步骤2中，模型考虑了已发行股票变化（回购/稀释）的影响。</li></blockquote></p><p></li>  <li>In step 3, we normalize valuation for future growth prospects at the end of the ten years. Then, we arrive at a CAGR using today's share price and the projected share price at the end of 10 years. If this beats the market by enough of a margin, we invest. If not, we wait for a better entry point.</p><p><blockquote><li>在第三步中，我们将十年结束时未来增长前景的估值正常化。然后，我们使用今天的股价和10年末的预计股价得出CAGR。如果这比市场高出足够的幅度，我们就投资。如果没有，我们等待一个更好的切入点。</li></blockquote></p><p></li> </ul> <i><b>Assumptions:</b></i></p><p><blockquote><i><b>假设：</b></i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/32607fd03d29b289a0e3bd216b0db20a\" tg-width=\"816\" tg-height=\"710\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i><b>Results:</b></i></p><p><blockquote><i><b>结果：</b></i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb459bd9b95d6732e939ad46b27dd73c\" tg-width=\"604\" tg-height=\"728\" referrerpolicy=\"no-referrer\"><span>Source: L.A. Stevens Valuation Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：L.A.史蒂文斯估值模型</span></p></blockquote></p><p> According to our model, Palantir is worth ~$31 per share, i.e., it is currently undervalued by ~27%. Hence, Palantir seems like a good buy here. However, we must also assess the expected returns for the stock to make an informed investment decision.</p><p><blockquote>根据我们的模型，Palantir每股价值约31美元，即目前被低估约27%。因此，Palantir在这里似乎是一个不错的选择。然而，我们还必须评估股票的预期回报，以做出明智的投资决策。</blockquote></p><p> To calculate the total expected return for the next decade, we grow the above free cash flow per share at our conservative growth rate, then assign a conservative Price-to-FCF multiple, i.e., 35x, to it for year ten. Thereby, we create a conservative intrinsic value projection (2031 price target), by which we determine the 10-yr expected CAGR returns. If these returns cross our hurdle rate of 15%, we buy, else we wait for a better buying opportunity.</p><p><blockquote>为了计算未来十年的总预期回报，我们以保守的增长率增长上述每股自由现金流，然后在第十年为其分配保守的价格与自由现金流倍数，即35倍。因此，我们创建了一个保守的内在价值预测（2031年价格目标），通过该预测我们确定了10年的预期CAGR回报。如果这些回报率超过我们15%的门槛，我们就买入，否则我们等待更好的买入机会。</blockquote></p><p> Here are the expected returns for Palantir:</p><p><blockquote>以下是Palantir的预期回报：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c1a12d02340653a630ec00875a082191\" tg-width=\"603\" tg-height=\"429\" referrerpolicy=\"no-referrer\"><span>Source: L.A. Stevens Valuation Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：L.A.史蒂文斯估值模型</span></p></blockquote></p><p> As per the results above, Palantir's stock is projected to grow from ~$23 to ~$132 at a CAGR of ~19% by 2031. Since these expected returns are higher than our investment hurdle rate of 15%, I rate Palantir a strong buy at ~$23.</p><p><blockquote>根据上述结果，Palantir的股票预计到2031年将从约23美元增长到约132美元，复合年增长率约为19%。由于这些预期回报高于我们15%的投资门槛率，我将Palantir评为强力买入，价格约为23美元。</blockquote></p><p> <b>Looking At The Technical Picture</b></p><p><blockquote><b>看技术图</b></blockquote></p><p> In late September, I highlighted the following risks for Palantir:</p><p><blockquote>9月下旬，我强调了Palantir面临的以下风险：</blockquote></p><p> <ul>  <li>Palantir's management is focused on the long-term, and the company is expected to invest aggressively in the hunt for future sales growth, which in other words means Palantir will remain unprofitable in the near term. With rising inflation and growing bond yields, loss-making equities trading at big multiples (e.g., Palantir currently trades at ~35x P/S) could be in for a deep correction. Therefore, Palantir's stock could remain volatile over the next few months.</li>  <li>As discussed today, Palantir now sits at crucial support around its 50-SMA and 200-SMA ($25), and a breakdown could open further downside move here towards the $20 mark. Hence, I prefer buying through a dollar-cost averaging plan over the next few months.</li> </ul> Source:Palantir Stock: Building An Army</p><p><blockquote><ul><li>Palantir的管理层着眼于长期，预计该公司将积极投资以寻求未来的销售增长，换句话说，这意味着Palantir在短期内仍将无法盈利。随着通胀上升和债券收益率上升，以大倍数交易的亏损股票（例如，Palantir目前的市盈率约为35倍）可能会出现深度调整。因此，Palantir的股价在未来几个月可能会保持波动。</li><li>正如今天所讨论的，Palantir目前位于50移动平均线和200移动平均线（25美元）附近的关键支撑位，突破可能会进一步向20美元大关下跌。因此，我更喜欢在接下来的几个月里通过平均成本计划购买。</li></ul>资料来源：Palantir股票：建立一支军队</blockquote></p><p></p><p> Since then, Palantir's breakout from an inverse head and shoulders pattern proved to be a head fake, and the stock has broken down below its 200-DMA trendline after a death cross in early October. Due to an inflationary environment, the market sentiment is pretty bearish towards growth stocks (barring a few market darlings), and so, Palantir could yet have more downside in the short term. The $17.5 to $20 zone should serve as strong support for Palantir.</p><p><blockquote>此后，Palantir从反向头肩形态中的突破被证明是假的，该股在10月初的死亡交叉后已跌破200日均线趋势线。由于通胀环境，市场情绪对成长型股票相当悲观（少数市场宠儿除外），因此，Palantir在短期内可能还有更多下行空间。17.5美元至20美元区域应该会成为Palantir的有力支撑。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/25025246a456372f13a3e9a1fd49daeb\" tg-width=\"640\" tg-height=\"423\" referrerpolicy=\"no-referrer\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> <b>Concluding Thoughts</b></p><p><blockquote><b>结束语</b></blockquote></p><p> From a long-term perspective, I continue to think of Palantir as a next-gen big tech company that could very well command a market cap of trillions of dollars down the road. With growing momentum in the commercial sector and a monopolistic market share in the governmental defense software space, Palantir is one of the strongest long-term growth stories for the next decade. Although Palantir is not yet profitable, the company already generates massive amounts of free cash flow ($400M in 2021). Furthermore, Palantir's stock-based compensation is showing signs of moderation. Additionally, the valuation multiple (P/S of 23x based on 2022E revenue of $2B) has contracted significantly over the last ten months or so. With near-term volatility here to stay, I continue to recommend the use of a dollar-cost averaging plan to build a position in Palantir (up to 3-4% of portfolio). At $23 per share, Palantir is a strong buy.</p><p><blockquote>从长期角度来看，我仍然认为Palantir是一家下一代大型科技公司，未来很可能拥有数万亿美元的市值。随着商业领域的增长势头和政府国防软件领域的垄断市场份额，Palantir是未来十年最强劲的长期增长故事之一。尽管Palantir尚未盈利，但该公司已经产生了大量自由现金流（2021年为4亿美元）。此外，Palantir的股票薪酬也显示出放缓的迹象。此外，估值倍数（基于2022年20亿美元的收入，市盈率为23倍）在过去十个月左右大幅收缩。由于近期波动性持续存在，我继续建议使用平均成本计划在Palantir建仓（最多占投资组合的3-4%）。Palantir的股价为每股23美元，值得大力买入。</blockquote></p><p> <i><b>Key Takeaway: I rate Palantir a strong buy at $23</b></i></p><p><blockquote><i><b>关键要点：我将Palantir评为强力买入，价格为23美元</b></i></blockquote></p><p> This article was written by&nbsp;Ahan Vashi</p><p><blockquote>本文由Ahan Vashi撰写</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>Palantir Stock: The Bull Thesis Keeps Getting Stronger<blockquote>Palantir股票：牛市论点不断增强</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\">\nPalantir Stock: The Bull Thesis Keeps Getting Stronger<blockquote>Palantir股票：牛市论点不断增强</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-11-17 22:16</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>Despite registering a deceleration in revenue growth in Q3, the bullish thesis for Palantir is getting stronger as commercial business momentum picks up and share-based compensation moderates.</li>  <li>Palantir's long-term growth trajectory is intact, with management guiding for 30%+ CAGR sales growth through 2025. Furthermore, Palantir is already looking like a free cash flow machine in the making.</li>  <li>The stock is undervalued at current levels, offering investors an excellent opportunity to generate long-term alpha.</li>  <li>I rate Palantir a strong buy at ~$23.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02d7c2e5739d48a7457788f40f66148c\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Michael Vi/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>尽管第三季度收入增长放缓，但随着商业业务势头回升和股权薪酬放缓，Palantir的看涨论点越来越强。</li><li>Palantir的长期增长轨迹完好无损，管理层指导到2025年销售额复合年增长率为30%以上。此外，Palantir看起来已经像一台正在形成的自由现金流机器。</li><li>该股在目前水平上被低估，为投资者提供了产生长期阿尔法的绝佳机会。</li><li>我对Palantir的评级为强力买入，价格约为23美元。</li></ul><p class=\"t-img-caption\"><span>Michael Vi/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Introduction</b></p><p><blockquote><b>介绍</b></blockquote></p><p> Palantir's (PLTR) latest quarterly results and forward guidance showed signs of decelerating growth. When sales growth decelerates, high-multiple growth stocks tend to come under pressure, and that's what happened with Palantir last week. In the near term, the stock market is a voting machine; however, in the long term, the market is a weighing machine. To be successful, investors must focus on the long term. Looking at Palantir's weak price action, it is easy to forget that Palantir is a truly special company with an impenetrable moat that includes superior technology, network effects (government and commercial relationships), visionary management, and a strong brand image (tied to anti-terrorism and nationalism). In my view, the latest sell-off in Palantir is a great long-term buying opportunity, and I will outline my reasoning in the following sections.</p><p><blockquote>Palantir(PLTR)最新的季度业绩和前瞻性指引显示出增长减速的迹象。当销售增长放缓时，高市盈率增长股票往往会面临压力，这就是上周Palantir发生的情况。从近期来看，股市是一台投票机；然而，从长期来看，市场是一台称重机。要想成功，投资者必须着眼于长期。看着Palantir疲软的价格走势，人们很容易忘记Palantir是一家真正特殊的公司，拥有一条坚不可摧的护城河，其中包括卓越的技术、网络效应（政府和商业关系）、富有远见的管理和强大的品牌形象（与反恐和民族主义相关）。在我看来，Palantir最近的抛售是一个很好的长期买入机会，我将在以下部分概述我的推理。</blockquote></p><p> As you may know, Palantir's vision is to become the most important software company on this planet. Today, Palantir's edge AI platforms have the potential to dominate the data OS and analytics space, which happens to be a rapidly growing market. With each passing quarter, Palantir is winning new customers, and as such, the bull thesis for Palantir keeps getting stronger. Now, Palantir's Q3 report was far from perfect as the company showed signs of a growth slowdown. However, Palantir's growing business momentum in the commercial sector and signs of a long-overdue moderation in stock-based compensation expenses strengthen the bullish thesis for the company. To learn more about my bullish thesis on Palantir, I recommend you to read the following notes:</p><p><blockquote>您可能知道，Palantir的愿景是成为这个星球上最重要的软件公司。如今，Palantir的边缘人工智能平台有潜力主导数据操作系统和分析领域，这恰好是一个快速增长的市场。随着每个季度的过去，Palantir都在赢得新客户，因此，Palantir的牛市论点不断增强。现在，Palantir的第三季度报告远非完美，因为该公司显示出增长放缓的迹象。然而，Palantir在商业领域不断增长的业务势头以及股票薪酬支出早就应该放缓的迹象强化了该公司的看涨论点。要了解有关我对Palantir的看涨论点的更多信息，我建议您阅读以下注释：</blockquote></p><p> <ol>  <li>Palantir Is Uncannily Similar To Tesla</li>  <li>Palantir Is Redefining Operating Systems For The Modern World</li>  <li>Palantir Stock: Building An Army</li> </ol> Before we derive the fair value and expected returns for Palantir, let's analyze Palantir's Q3 results in more detail.</p><p><blockquote><ol><li>Palantir与特斯拉惊人地相似</li><li>Palantir正在重新定义现代世界的操作系统</li><li>Palantir股票：建立一支军队</li></ol>在得出Palantir的公允价值和预期回报之前，让我们更详细地分析Palantir第三季度的业绩。</blockquote></p><p> <b>Breaking Down Palantir's Q3 Results</b></p><p><blockquote><b>Palantir第三季度业绩细分</b></blockquote></p><p> In Q3, Palantir's revenue grew by 36% y/y to come in at $392M (ahead of management's guidance of $385M). Although Palantir beat on sales guidance, the sales growth decelerated significantly in Q3 2021 (from the 49% y/y growth seen in Q2 2021). At a time when IT spending is very healthy (as evidenced by Microsoft's stellar Q3 results), and data analytics software firms are supposed to outperform expectations as the economy returns to normalcy, why is Palantir's growth slowing down, where is the weakness coming from?</p><p><blockquote>第三季度，Palantir的收入同比增长36%，达到3.92亿美元（高于管理层指导的3.85亿美元）。尽管Palantir超出了销售指引，但2021年第三季度的销售增长显着放缓（2021年第二季度同比增长49%）。在IT支出非常健康的时候（微软第三季度出色的业绩就证明了这一点），随着经济恢复正常，数据分析软件公司的表现应该会超出预期，为什么Palantir的增长会放缓，弱点来自哪里？</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/39599f1410f08819b841ca3cb5dad21f\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> After registering an impressive 60%+ y/y growth in the first half of 2021, Palantir's government business growth slowed down drastically in Q3 2021. Although Palantir's government sector revenue growth rate dropped from 66% y/y in Q2 to 34% y/y in Q3, these results are by no means poor. The slowdown could just be a result of budget management as the government fiscal year ends in September. Now, Palantir's management has always maintained that their focus is on the long-term, and we understand that Palantir's growth could be lumpy due to the nature of its contracts. On a positive note, Palantir did win some deals during this quarter, including the $900M deal with the US Army for providing Intelligence Data Fabric and Analytics solutions.</p><p><blockquote>在2021年上半年实现了令人印象深刻的60%以上的同比增长后，Palantir的政府业务增长在2021年第三季度大幅放缓。虽然Palantir的政府部门收入增速从Q2的66%y/y下降到Q3的34%y/y，但这些成绩绝不差。随着政府财政年度将于9月结束，经济放缓可能只是预算管理的结果。现在，Palantir的管理层一直坚称他们的重点是长期，我们知道，由于其合同的性质，Palantir的增长可能会不稳定。从积极的方面来看，Palantir在本季度确实赢得了一些交易，包括与美国陆军达成的价值9亿美元的提供情报数据结构和分析解决方案的交易。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87b9454707f695d2944d0831e1dcfc64\" tg-width=\"640\" tg-height=\"308\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p></p><p> In contrast to Palantir's government business, its commercial business is experiencing an acceleration in growth as the company moves downstream by offering its Foundry platform to select Day Zero companies (young startups) under its \"Foundry for Startups\" initiative. Palantir wants to become the primary data operating system provider for the next generation of tech behemoths, and this move downstream unlocks a massive market for the software provider. In Q3, Palantir's commercial revenue came in at $174M (~44% of total revenues), implying a growth rate of 37% y/y [US commercial revenue growth accelerated to 103% y/y). Hence, it is easy to see that Palantir's diversification efforts are starting to pay off. The commercial sector is a much larger market compared to the governmental sector; hence, Palantir gaining traction here outweighs its government business slowdown.</p><p><blockquote>与Palantir的政府业务相比，随着该公司根据“初创公司代工”计划向选定的零日公司（年轻的初创公司）提供代工平台，向下游转移，其商业业务正在加速增长。Palantir希望成为下一代科技巨头的主要数据操作系统提供商，这一下游举措为该软件提供商打开了巨大的市场。第三季度，Palantir的商业收入为1.74亿美元（约占总收入的44%），这意味着同比增长率为37%【美国商业收入同比增长加速至103%）。因此，很容易看出Palantir的多元化努力开始得到回报。与政府部门相比，商业部门是一个更大的市场；因此，Palantir在这里获得的牵引力超过了其政府业务的放缓。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3f6979dbeb3a9f06a44e34258ff7c6b\" tg-width=\"640\" tg-height=\"309\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> On the margin front, Palantir continues to report massive numbers. In Q3 2021, Palantir's adj. gross margin rose to 82% (up ~100 bps y/y), and the contribution margin expanded to 57% (up ~100 bps y/y). Now, Palantir is still not profitable due to a seemingly exorbitant stock-based compensation plan; however, with its margin profile, it is only a matter of time before Palantir becomes a very profitable business.</p><p><blockquote>在利润率方面，Palantir继续报告大量数据。2021年第三季度，Palantir的调整后。毛利率升至82%（同比增长约100个基点），贡献率扩大至57%（同比增长约100个基点）。现在，由于看似过高的股票薪酬计划，Palantir仍然没有盈利；然而，凭借其利润率，Palantir成为一家利润丰厚的企业只是时间问题。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f0cb8cf252718ea948f211d13fc9f4a4\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> For now, I am happy to see robust free cash flow generation from Palantir. So far in 2021, Palantir has generated $320M in adj. free cash flow (at 29% adj. FCF margin). Palantir is still in the hyper-growth phase, and so, I can see Palantir turning into an FCF machine over the 2020s - akin to today's big tech companies.</p><p><blockquote>目前，我很高兴看到Palantir产生强劲的自由现金流。2021年到目前为止，Palantir的调整后收入为3.2亿美元。自由现金流（调整后自由现金流利润率为29%）。Palantir仍处于高速增长阶段，因此，我可以看到Palantir在2020年代变成一台FCF机器——类似于当今的大型科技公司。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bceb504dc349b3c31a9307c531595e44\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34495a6627f39f40acd745f911cfa795\" tg-width=\"640\" tg-height=\"239\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> For Q4, Palantir's management guided for revenues of $418M (sequential growth of $26M (+6.66% q/q)). Furthermore, Palantir guided for adj. operating margins to decline to 22%; however, they guided for 22% for Q3 2021, and the actual adj. operating margins came in at 30%. So, I think there's some level of sandbagging embedded into this guidance.</p><p><blockquote>Palantir管理层预计第四季度收入为4.18亿美元（环比增长2600万美元（环比增长6.66%））。此外，Palantir还指导了adj。营业利润率将下降至22%；然而，他们预计2021年第三季度的增长率为22%，实际调整后的增长率为22%。营业利润率为30%。所以，我认为这个指南中包含了某种程度的沙袋。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/da7d14573f4162af9e75a0122f8b3618\" tg-width=\"640\" tg-height=\"258\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> For 2021, Palantir is now expected to grow revenue to $1.527B (up 40% y/y) with adj. free cash flow of more than $400M. In the past, Alex Karp, Palantir's CEO, has guided for 30%+ CAGR sales growth through 2025. Hence, we can confidently expect the company to hit the $2B annual revenue milestone next year.</p><p><blockquote>2021年，Palantir目前预计收入将增长至$15.27 B（同比增长40%）。自由现金流超过4亿美元。过去，Palantir首席执行官Alex Karp曾预计到2025年复合年增长率将达到30%以上。因此，我们可以自信地预计该公司明年将达到20亿美元的年收入里程碑。</blockquote></p><p> Since its public listing, the bearish arguments against Palantir have been centered around limited traction among commercial customers and its bloated stock-based compensation plan. However, I think Palantir is proving these arguments to be false, and Q3 was a real conviction booster.</p><p><blockquote>自公开上市以来，针对Palantir的看跌论点一直集中在商业客户的吸引力有限及其臃肿的股票薪酬计划上。然而，我认为Palantir正在证明这些论点是错误的，而第三季度是一个真正的信念助推器。</blockquote></p><p> <b>The Bull Thesis Is Getting Stronger</b></p><p><blockquote><b>牛市论点越来越强</b></blockquote></p><p> In Q3 2021, Palantir added 34 net new customers, i.e., 20% q/q growth in total customers. The commercial customer count outpaced total customer growth by growing at 46% q/q, representing clear business momentum for Palantir's commercial offerings.</p><p><blockquote>2021年第三季度，Palantir新增34家净新客户，即客户总数环比增长20%。商业客户数量环比增长46%，超过了总客户增长，代表了Palantir商业产品的明显业务势头。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/65524e6cad63512b8c28545d2694003a\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> With Palantir now offering its Foundry platform to smaller companies, we can expect this commercial customer count to inflate over coming quarters and years. Many critics have labeled Palantir's SPAC investments as deals for buying revenue; however, we see these deals as strategic investments to prove the viability of Palantir's software platform across various use-cases in the commercial sector. Furthermore, Palantir's deal closure data (shared below) shows that Palantir's big investments in Sales and Marketing are paying off quite handsomely.</p><p><blockquote>随着Palantir现在向较小的公司提供其代工平台，我们预计商业客户数量将在未来几个季度和几年内膨胀。许多批评者将Palantir的SPAC投资称为购买收入的交易；然而，我们将这些交易视为战略投资，以证明Palantir软件平台在商业领域各种用例中的可行性。此外，Palantir的交易完成数据（分享如下）显示，Palantir在销售和营销方面的巨额投资正在获得相当可观的回报。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8870c2d7c6a9a734f125d76047ce3c1f\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p></p><p> At the end of Q3, Palantir had $3.6B in total remaining deal value [commercial remaining deal value of $2.2B (up 101% y/y)], giving the company a strong pipeline for the next few years.</p><p><blockquote>截至第三季度末，Palantir的总剩余交易价值为$3.6 B[商业剩余交易价值为$2.2 B（同比增长101%）]，为该公司未来几年提供了强大的渠道。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/835f52a8f182efefcd5e9eaeb63bcfef\" tg-width=\"640\" tg-height=\"310\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q3 2021 Earnings Presentation</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021年第三季度收益演示</span></p></blockquote></p><p> A particularly thorny issue for Palantir's shareholders has been its bloated share-based compensation plan that makes the company look more like an employee cooperative rather than a publicly-traded for-profit corporation. Although Palantir's stock-based compensation ($184M; 47% of total revenues) remained at ultra-high levels in Q3 2021, the trend is clearly pointing towards moderation in SBC.</p><p><blockquote>对于Palantir的股东来说，一个特别棘手的问题是其臃肿的股权薪酬计划，这使得该公司看起来更像是一家员工合作社，而不是一家上市的营利性公司。尽管Palantir的股票薪酬（1.84亿美元；占总收入的47%）在2021年第三季度仍保持在超高水平，但这一趋势显然表明SBC正在放缓。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94dbf880d002116e8df5fd9bc5e7b370\" tg-width=\"640\" tg-height=\"433\" referrerpolicy=\"no-referrer\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> As Palantir scales up, revenues are growing rapidly, and the stock-based compensation [as a percentage of revenue] continues to decline. Hence, the bearish argument against Palantir is getting weaker with every passing quarter. Now, let's determine Palantir's fair value and expected returns to make an informed investment decision.</p><p><blockquote>随着Palantir规模的扩大，收入迅速增长，而基于股票的薪酬[占收入的百分比]持续下降。因此，随着每个季度的过去，对Palantir的看跌论点越来越弱。现在，让我们确定Palantir的公允价值和预期回报，以做出明智的投资决策。</blockquote></p><p> Palantir's Fair Value And Expected Return</p><p><blockquote>Palantir的公允价值和预期回报</blockquote></p><p> To find Palantir's fair value, we will employ our proprietary valuation model. Here's what it entails:</p><p><blockquote>为了找到Palantir的公允价值，我们将采用我们专有的估值模型。它的含义如下：</blockquote></p><p> <ul>  <li>In step 1, we use a traditional DCF model with free cash flow discounted by our (shareholders) cost of capital.</p><p><blockquote><ul><li>在第一步中，我们使用传统的DCF模型，自由现金流按我们（股东）的资本成本贴现。</li></ul></blockquote></p><p></li>  <li>In step 2, the model accounts for the effects of the change in shares outstanding (buybacks/dilutions).</p><p><blockquote><li>在步骤2中，模型考虑了已发行股票变化（回购/稀释）的影响。</li></blockquote></p><p></li>  <li>In step 3, we normalize valuation for future growth prospects at the end of the ten years. Then, we arrive at a CAGR using today's share price and the projected share price at the end of 10 years. If this beats the market by enough of a margin, we invest. If not, we wait for a better entry point.</p><p><blockquote><li>在第三步中，我们将十年结束时未来增长前景的估值正常化。然后，我们使用今天的股价和10年末的预计股价得出CAGR。如果这比市场高出足够的幅度，我们就投资。如果没有，我们等待一个更好的切入点。</li></blockquote></p><p></li> </ul> <i><b>Assumptions:</b></i></p><p><blockquote><i><b>假设：</b></i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/32607fd03d29b289a0e3bd216b0db20a\" tg-width=\"816\" tg-height=\"710\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i><b>Results:</b></i></p><p><blockquote><i><b>结果：</b></i></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb459bd9b95d6732e939ad46b27dd73c\" tg-width=\"604\" tg-height=\"728\" referrerpolicy=\"no-referrer\"><span>Source: L.A. Stevens Valuation Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：L.A.史蒂文斯估值模型</span></p></blockquote></p><p> According to our model, Palantir is worth ~$31 per share, i.e., it is currently undervalued by ~27%. Hence, Palantir seems like a good buy here. However, we must also assess the expected returns for the stock to make an informed investment decision.</p><p><blockquote>根据我们的模型，Palantir每股价值约31美元，即目前被低估约27%。因此，Palantir在这里似乎是一个不错的选择。然而，我们还必须评估股票的预期回报，以做出明智的投资决策。</blockquote></p><p> To calculate the total expected return for the next decade, we grow the above free cash flow per share at our conservative growth rate, then assign a conservative Price-to-FCF multiple, i.e., 35x, to it for year ten. Thereby, we create a conservative intrinsic value projection (2031 price target), by which we determine the 10-yr expected CAGR returns. If these returns cross our hurdle rate of 15%, we buy, else we wait for a better buying opportunity.</p><p><blockquote>为了计算未来十年的总预期回报，我们以保守的增长率增长上述每股自由现金流，然后在第十年为其分配保守的价格与自由现金流倍数，即35倍。因此，我们创建了一个保守的内在价值预测（2031年价格目标），通过该预测我们确定了10年的预期CAGR回报。如果这些回报率超过我们15%的门槛，我们就买入，否则我们等待更好的买入机会。</blockquote></p><p> Here are the expected returns for Palantir:</p><p><blockquote>以下是Palantir的预期回报：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c1a12d02340653a630ec00875a082191\" tg-width=\"603\" tg-height=\"429\" referrerpolicy=\"no-referrer\"><span>Source: L.A. Stevens Valuation Model</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：L.A.史蒂文斯估值模型</span></p></blockquote></p><p> As per the results above, Palantir's stock is projected to grow from ~$23 to ~$132 at a CAGR of ~19% by 2031. Since these expected returns are higher than our investment hurdle rate of 15%, I rate Palantir a strong buy at ~$23.</p><p><blockquote>根据上述结果，Palantir的股票预计到2031年将从约23美元增长到约132美元，复合年增长率约为19%。由于这些预期回报高于我们15%的投资门槛率，我将Palantir评为强力买入，价格约为23美元。</blockquote></p><p> <b>Looking At The Technical Picture</b></p><p><blockquote><b>看技术图</b></blockquote></p><p> In late September, I highlighted the following risks for Palantir:</p><p><blockquote>9月下旬，我强调了Palantir面临的以下风险：</blockquote></p><p> <ul>  <li>Palantir's management is focused on the long-term, and the company is expected to invest aggressively in the hunt for future sales growth, which in other words means Palantir will remain unprofitable in the near term. With rising inflation and growing bond yields, loss-making equities trading at big multiples (e.g., Palantir currently trades at ~35x P/S) could be in for a deep correction. Therefore, Palantir's stock could remain volatile over the next few months.</li>  <li>As discussed today, Palantir now sits at crucial support around its 50-SMA and 200-SMA ($25), and a breakdown could open further downside move here towards the $20 mark. Hence, I prefer buying through a dollar-cost averaging plan over the next few months.</li> </ul> Source:Palantir Stock: Building An Army</p><p><blockquote><ul><li>Palantir的管理层着眼于长期，预计该公司将积极投资以寻求未来的销售增长，换句话说，这意味着Palantir在短期内仍将无法盈利。随着通胀上升和债券收益率上升，以大倍数交易的亏损股票（例如，Palantir目前的市盈率约为35倍）可能会出现深度调整。因此，Palantir的股价在未来几个月可能会保持波动。</li><li>正如今天所讨论的，Palantir目前位于50移动平均线和200移动平均线（25美元）附近的关键支撑位，突破可能会进一步向20美元大关下跌。因此，我更喜欢在接下来的几个月里通过平均成本计划购买。</li></ul>资料来源：Palantir股票：建立一支军队</blockquote></p><p></p><p> Since then, Palantir's breakout from an inverse head and shoulders pattern proved to be a head fake, and the stock has broken down below its 200-DMA trendline after a death cross in early October. Due to an inflationary environment, the market sentiment is pretty bearish towards growth stocks (barring a few market darlings), and so, Palantir could yet have more downside in the short term. The $17.5 to $20 zone should serve as strong support for Palantir.</p><p><blockquote>此后，Palantir从反向头肩形态中的突破被证明是假的，该股在10月初的死亡交叉后已跌破200日均线趋势线。由于通胀环境，市场情绪对成长型股票相当悲观（少数市场宠儿除外），因此，Palantir在短期内可能还有更多下行空间。17.5美元至20美元区域应该会成为Palantir的有力支撑。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/25025246a456372f13a3e9a1fd49daeb\" tg-width=\"640\" tg-height=\"423\" referrerpolicy=\"no-referrer\"><span>Source: YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：YCharts</span></p></blockquote></p><p> <b>Concluding Thoughts</b></p><p><blockquote><b>结束语</b></blockquote></p><p> From a long-term perspective, I continue to think of Palantir as a next-gen big tech company that could very well command a market cap of trillions of dollars down the road. With growing momentum in the commercial sector and a monopolistic market share in the governmental defense software space, Palantir is one of the strongest long-term growth stories for the next decade. Although Palantir is not yet profitable, the company already generates massive amounts of free cash flow ($400M in 2021). Furthermore, Palantir's stock-based compensation is showing signs of moderation. Additionally, the valuation multiple (P/S of 23x based on 2022E revenue of $2B) has contracted significantly over the last ten months or so. With near-term volatility here to stay, I continue to recommend the use of a dollar-cost averaging plan to build a position in Palantir (up to 3-4% of portfolio). At $23 per share, Palantir is a strong buy.</p><p><blockquote>从长期角度来看，我仍然认为Palantir是一家下一代大型科技公司，未来很可能拥有数万亿美元的市值。随着商业领域的增长势头和政府国防软件领域的垄断市场份额，Palantir是未来十年最强劲的长期增长故事之一。尽管Palantir尚未盈利，但该公司已经产生了大量自由现金流（2021年为4亿美元）。此外，Palantir的股票薪酬也显示出放缓的迹象。此外，估值倍数（基于2022年20亿美元的收入，市盈率为23倍）在过去十个月左右大幅收缩。由于近期波动性持续存在，我继续建议使用平均成本计划在Palantir建仓（最多占投资组合的3-4%）。Palantir的股价为每股23美元，值得大力买入。</blockquote></p><p> <i><b>Key Takeaway: I rate Palantir a strong buy at $23</b></i></p><p><blockquote><i><b>关键要点：我将Palantir评为强力买入，价格为23美元</b></i></blockquote></p><p> This article was written by&nbsp;Ahan Vashi</p><p><blockquote>本文由Ahan Vashi撰写</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4469410-palantir-stock-earnings-bull-thesis-stronger-commercial-business-momentum\">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":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4469410-palantir-stock-earnings-bull-thesis-stronger-commercial-business-momentum","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176632260","content_text":"Summary\n\nDespite registering a deceleration in revenue growth in Q3, the bullish thesis for Palantir is getting stronger as commercial business momentum picks up and share-based compensation moderates.\nPalantir's long-term growth trajectory is intact, with management guiding for 30%+ CAGR sales growth through 2025. Furthermore, Palantir is already looking like a free cash flow machine in the making.\nThe stock is undervalued at current levels, offering investors an excellent opportunity to generate long-term alpha.\nI rate Palantir a strong buy at ~$23.\n\nMichael Vi/iStock Editorial via Getty Images\nIntroduction\nPalantir's (PLTR) latest quarterly results and forward guidance showed signs of decelerating growth. When sales growth decelerates, high-multiple growth stocks tend to come under pressure, and that's what happened with Palantir last week. In the near term, the stock market is a voting machine; however, in the long term, the market is a weighing machine. To be successful, investors must focus on the long term. Looking at Palantir's weak price action, it is easy to forget that Palantir is a truly special company with an impenetrable moat that includes superior technology, network effects (government and commercial relationships), visionary management, and a strong brand image (tied to anti-terrorism and nationalism). In my view, the latest sell-off in Palantir is a great long-term buying opportunity, and I will outline my reasoning in the following sections.\nAs you may know, Palantir's vision is to become the most important software company on this planet. Today, Palantir's edge AI platforms have the potential to dominate the data OS and analytics space, which happens to be a rapidly growing market. With each passing quarter, Palantir is winning new customers, and as such, the bull thesis for Palantir keeps getting stronger. Now, Palantir's Q3 report was far from perfect as the company showed signs of a growth slowdown. However, Palantir's growing business momentum in the commercial sector and signs of a long-overdue moderation in stock-based compensation expenses strengthen the bullish thesis for the company. To learn more about my bullish thesis on Palantir, I recommend you to read the following notes:\n\nPalantir Is Uncannily Similar To Tesla\nPalantir Is Redefining Operating Systems For The Modern World\nPalantir Stock: Building An Army\n\nBefore we derive the fair value and expected returns for Palantir, let's analyze Palantir's Q3 results in more detail.\nBreaking Down Palantir's Q3 Results\nIn Q3, Palantir's revenue grew by 36% y/y to come in at $392M (ahead of management's guidance of $385M). Although Palantir beat on sales guidance, the sales growth decelerated significantly in Q3 2021 (from the 49% y/y growth seen in Q2 2021). At a time when IT spending is very healthy (as evidenced by Microsoft's stellar Q3 results), and data analytics software firms are supposed to outperform expectations as the economy returns to normalcy, why is Palantir's growth slowing down, where is the weakness coming from?\nSource: Palantir Q3 2021 Earnings Presentation\nAfter registering an impressive 60%+ y/y growth in the first half of 2021, Palantir's government business growth slowed down drastically in Q3 2021. Although Palantir's government sector revenue growth rate dropped from 66% y/y in Q2 to 34% y/y in Q3, these results are by no means poor. The slowdown could just be a result of budget management as the government fiscal year ends in September. Now, Palantir's management has always maintained that their focus is on the long-term, and we understand that Palantir's growth could be lumpy due to the nature of its contracts. On a positive note, Palantir did win some deals during this quarter, including the $900M deal with the US Army for providing Intelligence Data Fabric and Analytics solutions.\nSource: Palantir Q3 2021 Earnings Presentation\nIn contrast to Palantir's government business, its commercial business is experiencing an acceleration in growth as the company moves downstream by offering its Foundry platform to select Day Zero companies (young startups) under its \"Foundry for Startups\" initiative. Palantir wants to become the primary data operating system provider for the next generation of tech behemoths, and this move downstream unlocks a massive market for the software provider. In Q3, Palantir's commercial revenue came in at $174M (~44% of total revenues), implying a growth rate of 37% y/y [US commercial revenue growth accelerated to 103% y/y). Hence, it is easy to see that Palantir's diversification efforts are starting to pay off. The commercial sector is a much larger market compared to the governmental sector; hence, Palantir gaining traction here outweighs its government business slowdown.\nSource: Palantir Q3 2021 Earnings Presentation\nOn the margin front, Palantir continues to report massive numbers. In Q3 2021, Palantir's adj. gross margin rose to 82% (up ~100 bps y/y), and the contribution margin expanded to 57% (up ~100 bps y/y). Now, Palantir is still not profitable due to a seemingly exorbitant stock-based compensation plan; however, with its margin profile, it is only a matter of time before Palantir becomes a very profitable business.\nSource: Palantir Q3 2021 Earnings Presentation\nFor now, I am happy to see robust free cash flow generation from Palantir. So far in 2021, Palantir has generated $320M in adj. free cash flow (at 29% adj. FCF margin). Palantir is still in the hyper-growth phase, and so, I can see Palantir turning into an FCF machine over the 2020s - akin to today's big tech companies.\n\nSource: Palantir Q3 2021 Earnings Presentation\nFor Q4, Palantir's management guided for revenues of $418M (sequential growth of $26M (+6.66% q/q)). Furthermore, Palantir guided for adj. operating margins to decline to 22%; however, they guided for 22% for Q3 2021, and the actual adj. operating margins came in at 30%. So, I think there's some level of sandbagging embedded into this guidance.\nSource: Palantir Q3 2021 Earnings Presentation\nFor 2021, Palantir is now expected to grow revenue to $1.527B (up 40% y/y) with adj. free cash flow of more than $400M. In the past, Alex Karp, Palantir's CEO, has guided for 30%+ CAGR sales growth through 2025. Hence, we can confidently expect the company to hit the $2B annual revenue milestone next year.\nSince its public listing, the bearish arguments against Palantir have been centered around limited traction among commercial customers and its bloated stock-based compensation plan. However, I think Palantir is proving these arguments to be false, and Q3 was a real conviction booster.\nThe Bull Thesis Is Getting Stronger\nIn Q3 2021, Palantir added 34 net new customers, i.e., 20% q/q growth in total customers. The commercial customer count outpaced total customer growth by growing at 46% q/q, representing clear business momentum for Palantir's commercial offerings.\nSource: Palantir Q3 2021 Earnings Presentation\nWith Palantir now offering its Foundry platform to smaller companies, we can expect this commercial customer count to inflate over coming quarters and years. Many critics have labeled Palantir's SPAC investments as deals for buying revenue; however, we see these deals as strategic investments to prove the viability of Palantir's software platform across various use-cases in the commercial sector. Furthermore, Palantir's deal closure data (shared below) shows that Palantir's big investments in Sales and Marketing are paying off quite handsomely.\nSource: Palantir Q3 2021 Earnings Presentation\nAt the end of Q3, Palantir had $3.6B in total remaining deal value [commercial remaining deal value of $2.2B (up 101% y/y)], giving the company a strong pipeline for the next few years.\nSource: Palantir Q3 2021 Earnings Presentation\nA particularly thorny issue for Palantir's shareholders has been its bloated share-based compensation plan that makes the company look more like an employee cooperative rather than a publicly-traded for-profit corporation. Although Palantir's stock-based compensation ($184M; 47% of total revenues) remained at ultra-high levels in Q3 2021, the trend is clearly pointing towards moderation in SBC.\nSource: YCharts\nAs Palantir scales up, revenues are growing rapidly, and the stock-based compensation [as a percentage of revenue] continues to decline. Hence, the bearish argument against Palantir is getting weaker with every passing quarter. Now, let's determine Palantir's fair value and expected returns to make an informed investment decision.\nPalantir's Fair Value And Expected Return\nTo find Palantir's fair value, we will employ our proprietary valuation model. Here's what it entails:\n\nIn step 1, we use a traditional DCF model with free cash flow discounted by our (shareholders) cost of capital.\nIn step 2, the model accounts for the effects of the change in shares outstanding (buybacks/dilutions).\nIn step 3, we normalize valuation for future growth prospects at the end of the ten years. Then, we arrive at a CAGR using today's share price and the projected share price at the end of 10 years. If this beats the market by enough of a margin, we invest. If not, we wait for a better entry point.\n\nAssumptions:\n\nResults:\nSource: L.A. Stevens Valuation Model\nAccording to our model, Palantir is worth ~$31 per share, i.e., it is currently undervalued by ~27%. Hence, Palantir seems like a good buy here. However, we must also assess the expected returns for the stock to make an informed investment decision.\nTo calculate the total expected return for the next decade, we grow the above free cash flow per share at our conservative growth rate, then assign a conservative Price-to-FCF multiple, i.e., 35x, to it for year ten. Thereby, we create a conservative intrinsic value projection (2031 price target), by which we determine the 10-yr expected CAGR returns. If these returns cross our hurdle rate of 15%, we buy, else we wait for a better buying opportunity.\nHere are the expected returns for Palantir:\nSource: L.A. Stevens Valuation Model\nAs per the results above, Palantir's stock is projected to grow from ~$23 to ~$132 at a CAGR of ~19% by 2031. Since these expected returns are higher than our investment hurdle rate of 15%, I rate Palantir a strong buy at ~$23.\nLooking At The Technical Picture\nIn late September, I highlighted the following risks for Palantir:\n\nPalantir's management is focused on the long-term, and the company is expected to invest aggressively in the hunt for future sales growth, which in other words means Palantir will remain unprofitable in the near term. With rising inflation and growing bond yields, loss-making equities trading at big multiples (e.g., Palantir currently trades at ~35x P/S) could be in for a deep correction. Therefore, Palantir's stock could remain volatile over the next few months.\nAs discussed today, Palantir now sits at crucial support around its 50-SMA and 200-SMA ($25), and a breakdown could open further downside move here towards the $20 mark. Hence, I prefer buying through a dollar-cost averaging plan over the next few months.\n\nSource:Palantir Stock: Building An Army\nSince then, Palantir's breakout from an inverse head and shoulders pattern proved to be a head fake, and the stock has broken down below its 200-DMA trendline after a death cross in early October. Due to an inflationary environment, the market sentiment is pretty bearish towards growth stocks (barring a few market darlings), and so, Palantir could yet have more downside in the short term. The $17.5 to $20 zone should serve as strong support for Palantir.\nSource: YCharts\nConcluding Thoughts\nFrom a long-term perspective, I continue to think of Palantir as a next-gen big tech company that could very well command a market cap of trillions of dollars down the road. With growing momentum in the commercial sector and a monopolistic market share in the governmental defense software space, Palantir is one of the strongest long-term growth stories for the next decade. Although Palantir is not yet profitable, the company already generates massive amounts of free cash flow ($400M in 2021). Furthermore, Palantir's stock-based compensation is showing signs of moderation. Additionally, the valuation multiple (P/S of 23x based on 2022E revenue of $2B) has contracted significantly over the last ten months or so. With near-term volatility here to stay, I continue to recommend the use of a dollar-cost averaging plan to build a position in Palantir (up to 3-4% of portfolio). At $23 per share, Palantir is a strong buy.\nKey Takeaway: I rate Palantir a strong buy at $23\nThis article was written by Ahan Vashi","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":785,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878352172,"gmtCreate":1637153710601,"gmtModify":1637153711366,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Yes consider adding&nbsp;Adobe Docusign","listText":"Yes consider adding&nbsp;Adobe Docusign","text":"Yes consider adding Adobe Docusign","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878352172","repostId":"2184837496","repostType":4,"isVote":1,"tweetType":1,"viewCount":505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":868242386,"gmtCreate":1632662705945,"gmtModify":1632798714335,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;why drop?&nbsp;","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>&nbsp;why drop?&nbsp;","text":"$Alibaba(BABA)$ why drop?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/868242386","isVote":1,"tweetType":1,"viewCount":612,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":148046550,"gmtCreate":1625906042570,"gmtModify":1633936178610,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Worth looking now","listText":"Worth looking now","text":"Worth looking now","images":[{"img":"https://static.tigerbbs.com/6dfa62da4a9d4476715c1da2287fba9c","width":"1080","height":"3952"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/148046550","isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":699322798,"gmtCreate":1639751627931,"gmtModify":1639751627931,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699322798","repostId":"2192973737","repostType":4,"isVote":1,"tweetType":1,"viewCount":2147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604242498,"gmtCreate":1639407080311,"gmtModify":1639407080489,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GILT\">$Gilat Satellite Networks(GILT)$</a>rest before up","listText":"<a href=\"https://laohu8.com/S/GILT\">$Gilat Satellite Networks(GILT)$</a>rest before up","text":"$Gilat Satellite Networks(GILT)$rest before up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604242498","isVote":1,"tweetType":1,"viewCount":2774,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605848648,"gmtCreate":1639148079298,"gmtModify":1639148160114,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/605848648","repostId":"1144055666","repostType":4,"repost":{"id":"1144055666","kind":"news","pubTimestamp":1639142986,"share":"https://www.laohu8.com/m/news/1144055666?lang=zh_CN&edition=full","pubTime":"2021-12-10 21:29","market":"us","language":"en","title":"Will Nvidia Be a Trillion-Dollar Stock by Next Year?<blockquote>英伟达明年会成为万亿美元股票吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144055666","media":"Motley Fool","summary":"The graphics chipmaker has the seven-zero valuation in its sights.","content":"<p>It's not a question of if&nbsp;<b>Nvidia</b>&nbsp;will be a trillion-dollar stock, just a matter of when. With the stock up 150% in 2021, the chipmaker has a market valuation of just under $850 billion, which puts the symbolic threshold almost within reach.</p><p><blockquote>这不是如果的问题<b>英伟达</b>将成为万亿美元的股票，只是时间问题。随着该股在2021年上涨150%，这家芯片制造商的市值略低于8500亿美元，这使得象征性的门槛几乎触手可及。</blockquote></p><p> However, because even the&nbsp;<b>S&amp;P 500</b>&nbsp;has posted 25% gains this year, or more than double the historical average, the potential for a sharp decline grows increasingly likely. That, too, is a matter of when, not if.</p><p><blockquote>然而，因为即使是<b>标普500</b>今年涨幅为25%，是历史平均水平的两倍多，大幅下跌的可能性越来越大。这也是一个时间问题，而不是如果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a810eede9d4a8b010dd6d83bdd781be9\" tg-width=\"2000\" tg-height=\"1125\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Ignoring, for the moment, the dramatic plunge that occurred at the onset of the coronavirus pandemic last year, the stock market has been on an incredible years-long tear. Since the end of the&nbsp;Great Recession in 2009, the benchmark index has put on quite the performance by more than quadrupling in value and turning a $10,000 investment into one worth over $42,000 today.</p><p><blockquote>暂时忽略去年冠状病毒大流行爆发时发生的急剧暴跌，股市已经经历了令人难以置信的长达数年的撕裂。自2009年大衰退结束以来，该基准指数表现出色，价值翻了两番多，将10,000美元的投资变成了如今价值超过42,000美元的投资。</blockquote></p><p> A new downdraft will undoubtedly take Nvidia down with it, perhaps delaying the inevitable. Here's what it might look like for the tech stock to have that nine-zero valuation.</p><p><blockquote>新的下行趋势无疑会拖累英伟达，或许会推迟不可避免的事情。以下是科技股估值为九零的情况。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/381746086571d0ddcf0ce971b1b0ea41\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>It's game on for GPUs</b></p><p><blockquote><b>GPU的游戏开始了</b></blockquote></p><p> Nvidia is, of course, best known for its graphics cards, or graphics processing units (GPU), which have&nbsp;made immersive, processing-intensive video games possible&nbsp;and remain at the heart of Nvidia's business, generating 45% of total third-quarter revenue.</p><p><blockquote>当然，Nvidia最出名的是其显卡或图形处理单元(GPU)，它使沉浸式、处理密集型视频游戏成为可能，并且仍然是Nvidia业务的核心，占第三季度总收入的45%。</blockquote></p><p> It's not about to diminish in importance either. First, more people started playing video games during the pandemic, and while many will put their controllers aside as more out-of-home entertainment opportunities open up, many will continue.</p><p><blockquote>它的重要性也不会减弱。首先，更多的人在疫情期间开始玩视频游戏，虽然随着更多户外娱乐机会的出现，许多人会把他们的控制器放在一边，但许多人会继续玩下去。</blockquote></p><p> Citing the impact gamification among millennials has had on the adoption of a virtual world for gamers, Mordor Intelligence estimates the gaming GPU market will grow at a compound annual rate of 14% through 2026. This suggests that Nvidia, which already has an 83% share of the discrete gaming GPU market, might generate as much as $20 billion annually just in this segment if its sales growth rate keeps its pace.</p><p><blockquote>Mordor Intelligence引用了千禧一代的游戏化对游戏玩家采用虚拟世界的影响，估计到2026年，游戏GPU市场将以14%的复合年增长率增长。这表明，英伟达已经占据了独立游戏GPU市场83%的份额，如果其销售增长率保持同步，仅在这一领域每年就可能产生高达200亿美元的收入。</blockquote></p><p> Nvidia is also using AI to make gaming even better and more immersive. Its deep learning super sampling (DLSS) technology uses AI to take low-resolution images and scale them up to high resolutions for display on high-res screens. Add in a nascent but fast-growing esports industry, along with the growth of its&nbsp;GeForce Now&nbsp;cloud gaming service, and this segment still has plenty of expansion possibilities in store for the future.</p><p><blockquote>英伟达也在利用人工智能让游戏变得更好、更身临其境。其深度学习超级采样（DLSS）技术使用人工智能来拍摄低分辨率图像，并将其放大到高分辨率，以便在高分辨率屏幕上显示。再加上新兴但快速增长的电子竞技行业，以及GeForce Now云游戏服务的增长，该细分市场在未来仍有大量扩张的可能性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/548893b4ea766bdde6eb1233864ed440\" tg-width=\"2000\" tg-height=\"1126\" width=\"100%\" height=\"auto\"><span>Image source: Nvidia.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：英伟达。</span></p></blockquote></p><p> <b>Nvidia is about so much more than gaming</b></p><p><blockquote><b>Nvidia不仅仅是游戏</b></blockquote></p><p> The crazy thing about the chipmaker, though, is that gaming isn't even its biggest opportunity. Nvidia has stuck its finger in the pies of&nbsp;artificial intelligence, data centers, and automobiles, too, and those all offer tremendous possibilities.</p><p><blockquote>然而，这家芯片制造商的疯狂之处在于，游戏甚至不是它最大的机会。英伟达也涉足了人工智能、数据中心和汽车领域，这些领域都提供了巨大的可能性。</blockquote></p><p> Chips for data centers, for example, already make billions of dollars each year for Nvidia, with segment revenue soaring 55% year over year in Q3 to $2.9 billion and should grow to&nbsp;become the chipmaker's largest segment&nbsp;by 2025.</p><p><blockquote>例如，用于数据中心的芯片每年已经为英伟达带来数十亿美元的收入，第三季度该部门的收入同比飙升55%，达到29亿美元，到2025年应该会增长成为该芯片制造商最大的部门。</blockquote></p><p> Its $7 billion acquisition of Mellanox last year helped position Nvidia as a leading supplier for networking hardware.</p><p><blockquote>去年以70亿美元收购Mellanox，帮助英伟达成为网络硬件的领先供应商。</blockquote></p><p> The chipmaker is also&nbsp;putting AI to work&nbsp;in the cybersecurity data protection market. Combining its Morpheus framework with its zero-trust BlueField-branded data processing units (DPUs), Nvidia offers a unique level of protection regardless of whether the network is located locally, in the cloud, or in hybrid environments.</p><p><blockquote>这家芯片制造商还将人工智能应用于网络安全数据保护市场。Nvidia将其Morpheus框架与其零信任BlueField品牌的数据处理单元（DPU）相结合，无论网络是位于本地、云中还是混合环境中，都能提供独特的保护级别。</blockquote></p><p> The zero-trust platform requires all users to be authenticated, authorized, and validated before gaining access to applications and data.</p><p><blockquote>零信任平台要求所有用户在访问应用程序和数据之前都要经过身份验证、授权和验证。</blockquote></p><p> We haven't even gotten around to Nvidia's Drive AV platform for&nbsp;autonomous vehicles, or Omniverse, the first real-time 3D simulation and collaboration platform. The cryptocurrency market is also taking advantage of Nvidia's processing power. The Nvidia CMP HX (CMP stands for crypto mining processor) is a dedicated GPU for professional crypto mining applications that lacks video output since it's a superfluous feature. The chips also have a lower peak core voltage and frequency for improved mining power efficiency.</p><p><blockquote>我们甚至还没有接触到Nvidia的自动驾驶汽车Drive AV平台，或者Omniverse，第一个实时3D模拟和协作平台。加密货币市场也在利用英伟达的处理能力。Nvidia CMP HX（CMP代表加密挖掘处理器）是专业加密挖掘应用的专用GPU，缺乏视频输出，因为这是一个多余的功能。这些芯片还具有较低的峰值核心电压和频率，以提高采矿功率效率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09911f3f5072135e602efff6124f292d\" tg-width=\"2000\" tg-height=\"1373\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Time to ring the register</b></p><p><blockquote><b>是时候按收银机了</b></blockquote></p><p></p><p> That's a lot of opportunities to cash in on. Analysts think so, too, and recently upgraded their forecasts to estimate Nvidia will now grow revenue from $16.5 billion in 2021 to $59.4 billion in 2026, a better than 29% compounded annual growth rate. Earnings are expected to&nbsp;grow even faster, or almost 42% annually, to $13 per share.</p><p><blockquote>这是很多赚钱的机会。分析师也这么认为，最近上调了预测，估计英伟达的收入将从2021年的165亿美元增长到2026年的594亿美元，复合年增长率高于29%。盈利预计将增长更快，即每年增长近42%，达到每股13美元。</blockquote></p><p> Yet Nvidia's stock isn't cheap, going for 35 times sales. Maintaining that multiple would put the chipmaker's valuation over the trillion-dollar mark sometime next year, but even halving that only delays it reaching that lofty level till the middle of the decade.</p><p><blockquote>然而，英伟达的股价并不便宜，是销售额的35倍。维持这一市盈率将使这家芯片制造商的估值在明年某个时候突破万亿美元大关，但即使将这一市盈率减半，也只会将其达到这一高水平的时间推迟到本世纪中期。</blockquote></p><p> So it's obvious a trillion-dollar Nvidia valuation will happen. Maybe the real question investors should start thinking about is, when does the&nbsp;semiconductor stock&nbsp;become a&nbsp;<i>$2 trillion</i>&nbsp;company?</p><p><blockquote>因此，很明显，英伟达的估值将会达到万亿美元。也许投资者真正应该开始思考的问题是，半导体股票何时成为<i>2万亿美元</i>公司？</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>Will Nvidia Be a Trillion-Dollar Stock by Next Year?<blockquote>英伟达明年会成为万亿美元股票吗？</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\">\nWill Nvidia Be a Trillion-Dollar Stock by Next Year?<blockquote>英伟达明年会成为万亿美元股票吗？</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\">2021-12-10 21:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It's not a question of if&nbsp;<b>Nvidia</b>&nbsp;will be a trillion-dollar stock, just a matter of when. With the stock up 150% in 2021, the chipmaker has a market valuation of just under $850 billion, which puts the symbolic threshold almost within reach.</p><p><blockquote>这不是如果的问题<b>英伟达</b>将成为万亿美元的股票，只是时间问题。随着该股在2021年上涨150%，这家芯片制造商的市值略低于8500亿美元，这使得象征性的门槛几乎触手可及。</blockquote></p><p> However, because even the&nbsp;<b>S&amp;P 500</b>&nbsp;has posted 25% gains this year, or more than double the historical average, the potential for a sharp decline grows increasingly likely. That, too, is a matter of when, not if.</p><p><blockquote>然而，因为即使是<b>标普500</b>今年涨幅为25%，是历史平均水平的两倍多，大幅下跌的可能性越来越大。这也是一个时间问题，而不是如果。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a810eede9d4a8b010dd6d83bdd781be9\" tg-width=\"2000\" tg-height=\"1125\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> Ignoring, for the moment, the dramatic plunge that occurred at the onset of the coronavirus pandemic last year, the stock market has been on an incredible years-long tear. Since the end of the&nbsp;Great Recession in 2009, the benchmark index has put on quite the performance by more than quadrupling in value and turning a $10,000 investment into one worth over $42,000 today.</p><p><blockquote>暂时忽略去年冠状病毒大流行爆发时发生的急剧暴跌，股市已经经历了令人难以置信的长达数年的撕裂。自2009年大衰退结束以来，该基准指数表现出色，价值翻了两番多，将10,000美元的投资变成了如今价值超过42,000美元的投资。</blockquote></p><p> A new downdraft will undoubtedly take Nvidia down with it, perhaps delaying the inevitable. Here's what it might look like for the tech stock to have that nine-zero valuation.</p><p><blockquote>新的下行趋势无疑会拖累英伟达，或许会推迟不可避免的事情。以下是科技股估值为九零的情况。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/381746086571d0ddcf0ce971b1b0ea41\" tg-width=\"2000\" tg-height=\"1333\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>It's game on for GPUs</b></p><p><blockquote><b>GPU的游戏开始了</b></blockquote></p><p> Nvidia is, of course, best known for its graphics cards, or graphics processing units (GPU), which have&nbsp;made immersive, processing-intensive video games possible&nbsp;and remain at the heart of Nvidia's business, generating 45% of total third-quarter revenue.</p><p><blockquote>当然，Nvidia最出名的是其显卡或图形处理单元(GPU)，它使沉浸式、处理密集型视频游戏成为可能，并且仍然是Nvidia业务的核心，占第三季度总收入的45%。</blockquote></p><p> It's not about to diminish in importance either. First, more people started playing video games during the pandemic, and while many will put their controllers aside as more out-of-home entertainment opportunities open up, many will continue.</p><p><blockquote>它的重要性也不会减弱。首先，更多的人在疫情期间开始玩视频游戏，虽然随着更多户外娱乐机会的出现，许多人会把他们的控制器放在一边，但许多人会继续玩下去。</blockquote></p><p> Citing the impact gamification among millennials has had on the adoption of a virtual world for gamers, Mordor Intelligence estimates the gaming GPU market will grow at a compound annual rate of 14% through 2026. This suggests that Nvidia, which already has an 83% share of the discrete gaming GPU market, might generate as much as $20 billion annually just in this segment if its sales growth rate keeps its pace.</p><p><blockquote>Mordor Intelligence引用了千禧一代的游戏化对游戏玩家采用虚拟世界的影响，估计到2026年，游戏GPU市场将以14%的复合年增长率增长。这表明，英伟达已经占据了独立游戏GPU市场83%的份额，如果其销售增长率保持同步，仅在这一领域每年就可能产生高达200亿美元的收入。</blockquote></p><p> Nvidia is also using AI to make gaming even better and more immersive. Its deep learning super sampling (DLSS) technology uses AI to take low-resolution images and scale them up to high resolutions for display on high-res screens. Add in a nascent but fast-growing esports industry, along with the growth of its&nbsp;GeForce Now&nbsp;cloud gaming service, and this segment still has plenty of expansion possibilities in store for the future.</p><p><blockquote>英伟达也在利用人工智能让游戏变得更好、更身临其境。其深度学习超级采样（DLSS）技术使用人工智能来拍摄低分辨率图像，并将其放大到高分辨率，以便在高分辨率屏幕上显示。再加上新兴但快速增长的电子竞技行业，以及GeForce Now云游戏服务的增长，该细分市场在未来仍有大量扩张的可能性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/548893b4ea766bdde6eb1233864ed440\" tg-width=\"2000\" tg-height=\"1126\" width=\"100%\" height=\"auto\"><span>Image source: Nvidia.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：英伟达。</span></p></blockquote></p><p> <b>Nvidia is about so much more than gaming</b></p><p><blockquote><b>Nvidia不仅仅是游戏</b></blockquote></p><p> The crazy thing about the chipmaker, though, is that gaming isn't even its biggest opportunity. Nvidia has stuck its finger in the pies of&nbsp;artificial intelligence, data centers, and automobiles, too, and those all offer tremendous possibilities.</p><p><blockquote>然而，这家芯片制造商的疯狂之处在于，游戏甚至不是它最大的机会。英伟达也涉足了人工智能、数据中心和汽车领域，这些领域都提供了巨大的可能性。</blockquote></p><p> Chips for data centers, for example, already make billions of dollars each year for Nvidia, with segment revenue soaring 55% year over year in Q3 to $2.9 billion and should grow to&nbsp;become the chipmaker's largest segment&nbsp;by 2025.</p><p><blockquote>例如，用于数据中心的芯片每年已经为英伟达带来数十亿美元的收入，第三季度该部门的收入同比飙升55%，达到29亿美元，到2025年应该会增长成为该芯片制造商最大的部门。</blockquote></p><p> Its $7 billion acquisition of Mellanox last year helped position Nvidia as a leading supplier for networking hardware.</p><p><blockquote>去年以70亿美元收购Mellanox，帮助英伟达成为网络硬件的领先供应商。</blockquote></p><p> The chipmaker is also&nbsp;putting AI to work&nbsp;in the cybersecurity data protection market. Combining its Morpheus framework with its zero-trust BlueField-branded data processing units (DPUs), Nvidia offers a unique level of protection regardless of whether the network is located locally, in the cloud, or in hybrid environments.</p><p><blockquote>这家芯片制造商还将人工智能应用于网络安全数据保护市场。Nvidia将其Morpheus框架与其零信任BlueField品牌的数据处理单元（DPU）相结合，无论网络是位于本地、云中还是混合环境中，都能提供独特的保护级别。</blockquote></p><p> The zero-trust platform requires all users to be authenticated, authorized, and validated before gaining access to applications and data.</p><p><blockquote>零信任平台要求所有用户在访问应用程序和数据之前都要经过身份验证、授权和验证。</blockquote></p><p> We haven't even gotten around to Nvidia's Drive AV platform for&nbsp;autonomous vehicles, or Omniverse, the first real-time 3D simulation and collaboration platform. The cryptocurrency market is also taking advantage of Nvidia's processing power. The Nvidia CMP HX (CMP stands for crypto mining processor) is a dedicated GPU for professional crypto mining applications that lacks video output since it's a superfluous feature. The chips also have a lower peak core voltage and frequency for improved mining power efficiency.</p><p><blockquote>我们甚至还没有接触到Nvidia的自动驾驶汽车Drive AV平台，或者Omniverse，第一个实时3D模拟和协作平台。加密货币市场也在利用英伟达的处理能力。Nvidia CMP HX（CMP代表加密挖掘处理器）是专业加密挖掘应用的专用GPU，缺乏视频输出，因为这是一个多余的功能。这些芯片还具有较低的峰值核心电压和频率，以提高采矿功率效率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09911f3f5072135e602efff6124f292d\" tg-width=\"2000\" tg-height=\"1373\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Time to ring the register</b></p><p><blockquote><b>是时候按收银机了</b></blockquote></p><p></p><p> That's a lot of opportunities to cash in on. Analysts think so, too, and recently upgraded their forecasts to estimate Nvidia will now grow revenue from $16.5 billion in 2021 to $59.4 billion in 2026, a better than 29% compounded annual growth rate. Earnings are expected to&nbsp;grow even faster, or almost 42% annually, to $13 per share.</p><p><blockquote>这是很多赚钱的机会。分析师也这么认为，最近上调了预测，估计英伟达的收入将从2021年的165亿美元增长到2026年的594亿美元，复合年增长率高于29%。盈利预计将增长更快，即每年增长近42%，达到每股13美元。</blockquote></p><p> Yet Nvidia's stock isn't cheap, going for 35 times sales. Maintaining that multiple would put the chipmaker's valuation over the trillion-dollar mark sometime next year, but even halving that only delays it reaching that lofty level till the middle of the decade.</p><p><blockquote>然而，英伟达的股价并不便宜，是销售额的35倍。维持这一市盈率将使这家芯片制造商的估值在明年某个时候突破万亿美元大关，但即使将这一市盈率减半，也只会将其达到这一高水平的时间推迟到本世纪中期。</blockquote></p><p> So it's obvious a trillion-dollar Nvidia valuation will happen. Maybe the real question investors should start thinking about is, when does the&nbsp;semiconductor stock&nbsp;become a&nbsp;<i>$2 trillion</i>&nbsp;company?</p><p><blockquote>因此，很明显，英伟达的估值将会达到万亿美元。也许投资者真正应该开始思考的问题是，半导体股票何时成为<i>2万亿美元</i>公司？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/10/will-nvidia-be-a-trillion-dollar-stock-by-next-yea/\">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":{"NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2021/12/10/will-nvidia-be-a-trillion-dollar-stock-by-next-yea/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144055666","content_text":"It's not a question of if Nvidia will be a trillion-dollar stock, just a matter of when. With the stock up 150% in 2021, the chipmaker has a market valuation of just under $850 billion, which puts the symbolic threshold almost within reach.\nHowever, because even the S&P 500 has posted 25% gains this year, or more than double the historical average, the potential for a sharp decline grows increasingly likely. That, too, is a matter of when, not if.\nImage source: Getty Images.\nIgnoring, for the moment, the dramatic plunge that occurred at the onset of the coronavirus pandemic last year, the stock market has been on an incredible years-long tear. Since the end of the Great Recession in 2009, the benchmark index has put on quite the performance by more than quadrupling in value and turning a $10,000 investment into one worth over $42,000 today.\nA new downdraft will undoubtedly take Nvidia down with it, perhaps delaying the inevitable. Here's what it might look like for the tech stock to have that nine-zero valuation.\nImage source: Getty Images.\nIt's game on for GPUs\nNvidia is, of course, best known for its graphics cards, or graphics processing units (GPU), which have made immersive, processing-intensive video games possible and remain at the heart of Nvidia's business, generating 45% of total third-quarter revenue.\nIt's not about to diminish in importance either. First, more people started playing video games during the pandemic, and while many will put their controllers aside as more out-of-home entertainment opportunities open up, many will continue.\nCiting the impact gamification among millennials has had on the adoption of a virtual world for gamers, Mordor Intelligence estimates the gaming GPU market will grow at a compound annual rate of 14% through 2026. This suggests that Nvidia, which already has an 83% share of the discrete gaming GPU market, might generate as much as $20 billion annually just in this segment if its sales growth rate keeps its pace.\nNvidia is also using AI to make gaming even better and more immersive. Its deep learning super sampling (DLSS) technology uses AI to take low-resolution images and scale them up to high resolutions for display on high-res screens. Add in a nascent but fast-growing esports industry, along with the growth of its GeForce Now cloud gaming service, and this segment still has plenty of expansion possibilities in store for the future.\nImage source: Nvidia.\nNvidia is about so much more than gaming\nThe crazy thing about the chipmaker, though, is that gaming isn't even its biggest opportunity. Nvidia has stuck its finger in the pies of artificial intelligence, data centers, and automobiles, too, and those all offer tremendous possibilities.\nChips for data centers, for example, already make billions of dollars each year for Nvidia, with segment revenue soaring 55% year over year in Q3 to $2.9 billion and should grow to become the chipmaker's largest segment by 2025.\nIts $7 billion acquisition of Mellanox last year helped position Nvidia as a leading supplier for networking hardware.\nThe chipmaker is also putting AI to work in the cybersecurity data protection market. Combining its Morpheus framework with its zero-trust BlueField-branded data processing units (DPUs), Nvidia offers a unique level of protection regardless of whether the network is located locally, in the cloud, or in hybrid environments.\nThe zero-trust platform requires all users to be authenticated, authorized, and validated before gaining access to applications and data.\nWe haven't even gotten around to Nvidia's Drive AV platform for autonomous vehicles, or Omniverse, the first real-time 3D simulation and collaboration platform. The cryptocurrency market is also taking advantage of Nvidia's processing power. The Nvidia CMP HX (CMP stands for crypto mining processor) is a dedicated GPU for professional crypto mining applications that lacks video output since it's a superfluous feature. The chips also have a lower peak core voltage and frequency for improved mining power efficiency.\nImage source: Getty Images.\nTime to ring the register\nThat's a lot of opportunities to cash in on. Analysts think so, too, and recently upgraded their forecasts to estimate Nvidia will now grow revenue from $16.5 billion in 2021 to $59.4 billion in 2026, a better than 29% compounded annual growth rate. Earnings are expected to grow even faster, or almost 42% annually, to $13 per share.\nYet Nvidia's stock isn't cheap, going for 35 times sales. Maintaining that multiple would put the chipmaker's valuation over the trillion-dollar mark sometime next year, but even halving that only delays it reaching that lofty level till the middle of the decade.\nSo it's obvious a trillion-dollar Nvidia valuation will happen. Maybe the real question investors should start thinking about is, when does the semiconductor stock become a $2 trillion company?","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":1530,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":877903391,"gmtCreate":1637852691546,"gmtModify":1637852691546,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/877903391","repostId":"2185354679","repostType":4,"isVote":1,"tweetType":1,"viewCount":2465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":877909801,"gmtCreate":1637852615171,"gmtModify":1637852615171,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"NEXT 10x stock","listText":"NEXT 10x stock","text":"NEXT 10x stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/877909801","repostId":"2186916023","repostType":4,"isVote":1,"tweetType":1,"viewCount":2217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874862963,"gmtCreate":1637759171362,"gmtModify":1637759171362,"author":{"id":"3582588859701757","authorId":"3582588859701757","name":"ali15","avatar":"https://static.tigerbbs.com/b11c168a1c4a0c88d535205f3e88a20b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582588859701757","idStr":"3582588859701757"},"themes":[],"htmlText":"Safe play","listText":"Safe play","text":"Safe play","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874862963","repostId":"1125285423","repostType":4,"repost":{"id":"1125285423","kind":"news","pubTimestamp":1637749572,"share":"https://www.laohu8.com/m/news/1125285423?lang=zh_CN&edition=full","pubTime":"2021-11-24 18:26","market":"us","language":"en","title":"How much are Americans spending on Thanksgiving shopping?<blockquote>美国人感恩节购物花了多少钱？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1125285423","media":"Seeking Alpha","summary":"Holiday shopping trends are are on track to make a comeback this year, with 158.3M people (nearly 2M","content":"<p>Holiday shopping trends are are on track to make a comeback this year, with 158.3M people (nearly 2M more people than last year) expected to shop from Thanksgiving Day through Cyber Monday. That's according to the latest report from the National Retail Federation, which estimates consumers will shell out an average $997.73 on holiday sales during November and December. At those levels, it would mean a growth rate of between 8.5% and 10.5% over 2020 to a total of $843.4B-$859B, setting records for both the expansion and total amount spent.</p><p><blockquote>今年假日购物趋势有望卷土重来，预计将有1.583亿人（比去年增加近200万人）从感恩节到网络星期一购物。这是根据全国零售联合会的最新报告得出的，该报告估计消费者在11月和12月的假日销售中平均支付997.73美元。按照这些水平，这意味着2020年的增长率将在8.5%至10.5%之间，总额将达到8434亿美元至8590亿美元，创下扩张和支出总额的记录。</blockquote></p><p> By the numbers: 75% of American adults will conduct their e-commerce through big retailers like Amazon (NASDAQ:AMZN) or Walmart (NYSE:WMT), which will be similar to or increase relative to the 2020 holiday season. However, some still prefer brick-and-mortar for the holidays. Among those shopping on Thanksgiving Day, 65% are likely to do so in stores, up from 50% last year, when COVID-19 concerns worries kept many people at home. On Black Friday, 64% are likely to shop in stores, up from 51% last year.</p><p><blockquote>从数字来看：75%的美国成年人将通过亚马逊（纳斯达克股票代码：AMZN）或沃尔玛（纽约证券交易所股票代码：WMT）等大型零售商进行电子商务，这一数字将与2020年假期相似或有所增加。然而，有些人仍然更喜欢实体店过节。在感恩节购物的人中，65%的人可能会在商店购物，高于去年的50%，当时对COVID-19的担忧让许多人呆在家里。黑色星期五，64%的人可能会去商店购物，高于去年的51%。</blockquote></p><p> \"Pandemic-related supply chain disruptions have caused shortages of merchandise and most of this year's inflationary pressure,\" NRF Chief Economist Jack Kleinhenz declared. \"With the prospect of consumers seeking to shop early, inventories may be pulled down sooner and shortages may develop in the later weeks of the shopping season. However, if retailers can keep merchandise on the shelves and merchandise arrives before Christmas, it could be a stellar holiday sales season.\"</p><p><blockquote>NRF首席经济学家Jack Kleinhenz宣称：“与大流行相关的供应链中断导致了商品短缺和今年的大部分通胀压力。”“随着消费者寻求提早购物的前景，库存可能会更快下降，购物季的后几周可能会出现短缺。然而，如果零售商能够将商品留在货架上，并且商品在圣诞节前到达，这可能会是一个出色的假期销售季。”</blockquote></p><p> Shopping carts: Apparel continued to top the NRF list, expected to be scooped up by 53% of shoppers, followed by gift cards at 46%, toys at 39%, books/music/movies/video games at 35% and food/candy at 31% as the top five categories.</p><p><blockquote>购物车：服装继续高居NRF榜首，预计将被53%的购物者抢购一空，其次是礼品卡（46%）、玩具（39%）、书籍/音乐/电影/视频游戏（35%）和食品/糖果（31%）。</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>How much are Americans spending on Thanksgiving shopping?<blockquote>美国人感恩节购物花了多少钱？</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\">\nHow much are Americans spending on Thanksgiving shopping?<blockquote>美国人感恩节购物花了多少钱？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-11-24 18:26</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Holiday shopping trends are are on track to make a comeback this year, with 158.3M people (nearly 2M more people than last year) expected to shop from Thanksgiving Day through Cyber Monday. That's according to the latest report from the National Retail Federation, which estimates consumers will shell out an average $997.73 on holiday sales during November and December. At those levels, it would mean a growth rate of between 8.5% and 10.5% over 2020 to a total of $843.4B-$859B, setting records for both the expansion and total amount spent.</p><p><blockquote>今年假日购物趋势有望卷土重来，预计将有1.583亿人（比去年增加近200万人）从感恩节到网络星期一购物。这是根据全国零售联合会的最新报告得出的，该报告估计消费者在11月和12月的假日销售中平均支付997.73美元。按照这些水平，这意味着2020年的增长率将在8.5%至10.5%之间，总额将达到8434亿美元至8590亿美元，创下扩张和支出总额的记录。</blockquote></p><p> By the numbers: 75% of American adults will conduct their e-commerce through big retailers like Amazon (NASDAQ:AMZN) or Walmart (NYSE:WMT), which will be similar to or increase relative to the 2020 holiday season. However, some still prefer brick-and-mortar for the holidays. Among those shopping on Thanksgiving Day, 65% are likely to do so in stores, up from 50% last year, when COVID-19 concerns worries kept many people at home. On Black Friday, 64% are likely to shop in stores, up from 51% last year.</p><p><blockquote>从数字来看：75%的美国成年人将通过亚马逊（纳斯达克股票代码：AMZN）或沃尔玛（纽约证券交易所股票代码：WMT）等大型零售商进行电子商务，这一数字将与2020年假期相似或有所增加。然而，有些人仍然更喜欢实体店过节。在感恩节购物的人中，65%的人可能会在商店购物，高于去年的50%，当时对COVID-19的担忧让许多人呆在家里。黑色星期五，64%的人可能会去商店购物，高于去年的51%。</blockquote></p><p> \"Pandemic-related supply chain disruptions have caused shortages of merchandise and most of this year's inflationary pressure,\" NRF Chief Economist Jack Kleinhenz declared. \"With the prospect of consumers seeking to shop early, inventories may be pulled down sooner and shortages may develop in the later weeks of the shopping season. However, if retailers can keep merchandise on the shelves and merchandise arrives before Christmas, it could be a stellar holiday sales season.\"</p><p><blockquote>NRF首席经济学家Jack Kleinhenz宣称：“与大流行相关的供应链中断导致了商品短缺和今年的大部分通胀压力。”“随着消费者寻求提早购物的前景，库存可能会更快下降，购物季的后几周可能会出现短缺。然而，如果零售商能够将商品留在货架上，并且商品在圣诞节前到达，这可能会是一个出色的假期销售季。”</blockquote></p><p> Shopping carts: Apparel continued to top the NRF list, expected to be scooped up by 53% of shoppers, followed by gift cards at 46%, toys at 39%, books/music/movies/video games at 35% and food/candy at 31% as the top five categories.</p><p><blockquote>购物车：服装继续高居NRF榜首，预计将被53%的购物者抢购一空，其次是礼品卡（46%）、玩具（39%）、书籍/音乐/电影/视频游戏（35%）和食品/糖果（31%）。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3774162-how-much-are-americans-spending-on-thanksgiving-shopping\">Seeking Alpha</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":{"WMT":"沃尔玛","AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/news/3774162-how-much-are-americans-spending-on-thanksgiving-shopping","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125285423","content_text":"Holiday shopping trends are are on track to make a comeback this year, with 158.3M people (nearly 2M more people than last year) expected to shop from Thanksgiving Day through Cyber Monday. That's according to the latest report from the National Retail Federation, which estimates consumers will shell out an average $997.73 on holiday sales during November and December. At those levels, it would mean a growth rate of between 8.5% and 10.5% over 2020 to a total of $843.4B-$859B, setting records for both the expansion and total amount spent.\nBy the numbers: 75% of American adults will conduct their e-commerce through big retailers like Amazon (NASDAQ:AMZN) or Walmart (NYSE:WMT), which will be similar to or increase relative to the 2020 holiday season. However, some still prefer brick-and-mortar for the holidays. Among those shopping on Thanksgiving Day, 65% are likely to do so in stores, up from 50% last year, when COVID-19 concerns worries kept many people at home. On Black Friday, 64% are likely to shop in stores, up from 51% last year.\n\"Pandemic-related supply chain disruptions have caused shortages of merchandise and most of this year's inflationary pressure,\" NRF Chief Economist Jack Kleinhenz declared. \"With the prospect of consumers seeking to shop early, inventories may be pulled down sooner and shortages may develop in the later weeks of the shopping season. However, if retailers can keep merchandise on the shelves and merchandise arrives before Christmas, it could be a stellar holiday sales season.\"\nShopping carts: Apparel continued to top the NRF list, expected to be scooped up by 53% of shoppers, followed by gift cards at 46%, toys at 39%, books/music/movies/video games at 35% and food/candy at 31% as the top five categories.","news_type":1,"symbols_score_info":{"AMZN":0.9,"WMT":0.9}},"isVote":1,"tweetType":1,"viewCount":3107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}