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Miketee74

Miketee74

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2021-10-18

$Denison Mines(DNN)$New high with cup shape, will breakout for another height

2021-11-06

$McAfee Corp.(MCFE)$Technical call? Morning star + golden cross. Disclaimer : This is my personal opinion and do not constitute In investment suggestion. You are responsible at your own Investment risk!

2021-10-30

Go for long term! You will not worry that much at current moment. Both companies are not for over short term.

Amazon and Apple warn of supply chain issues<blockquote>亚马逊和苹果警告供应链问题</blockquote>

2021-11-11

I will just continue to hold long term and buymore when it drop.

抱歉，原内容已删除

2021-11-23

Hope it is real rebound for second wave!

NIO shares rose more than 10% in early trading<blockquote>蔚来股价早盘涨超10%</blockquote>

2021-11-16

Haha…you sell I buy.

Sell AAPL? Why This Expert Sees Apple Stock Dipping 12%<blockquote>出售苹果公司？为什么这位专家认为苹果股价下跌12%</blockquote>

2021-11-11

$Palantir Technologies Inc.(PLTR)$I will hold you tight for 5 years!

2021-11-08

$Opendoor Technologies Inc(OPEN)$Are you ready? Coming soon. Just be patient. Disclaimer : This is my personal opinion and do not constitute In investment suggestion. You are responsible at your own Investment risk!

2021-10-29

Depending on what the investor is looking for!

Intel, Nvidia, Or AMD: Which Chip Stock Is The Better Buy?<blockquote>英特尔、英伟达或AMD：哪只芯片股票更值得购买？</blockquote>

2021-12-21

Expert’s talk! 🤣🤣 let’s see what will be their standard.

RIVN, LCID, GOEV, FSR: Why Are EV Stocks Down Today?<blockquote>RIVN、LCID、GOEV、FSR：为什么电动汽车股票今天下跌？</blockquote>

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least keep one from the best list in EV!&nbsp;","listText":"At least keep one from the best list in EV!&nbsp;","text":"At least keep one from the best list in EV!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693460397","repostId":"1121664462","repostType":2,"repost":{"id":"1121664462","kind":"news","pubTimestamp":1640054285,"share":"https://www.laohu8.com/m/news/1121664462?lang=zh_CN&edition=full","pubTime":"2021-12-21 10:38","market":"us","language":"en","title":"Nio Stock: Is It A Double Bagger?<blockquote>蔚来股票：它是双重装袋机吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121664462","media":"TheStreet","summary":"Shares of Chinese EV maker Nio are down nearly 30% in the last month. However, here's why one Wall S","content":"<p>Shares of Chinese EV maker Nio are down nearly 30% in the last month. However, here's why one Wall Street analyst thinks the Chinese electric vehicle maker is undervalued.</p><p><blockquote>中国电动汽车制造商蔚来的股价上个月下跌了近30%。然而，这就是一位华尔街分析师认为这家中国电动汽车制造商被低估的原因。</blockquote></p><p> It's been a bad few weeks for electric vehicle (EV) maker Nio&nbsp;and other Chinese stocks.</p><p><blockquote>对于电动汽车（EV）制造商蔚来和其他中国股票来说，这几周过得很糟糕。</blockquote></p><p> Shares of companies from various sectors -- including Nio, Alibaba, JD.com, and Baidu&nbsp;-- have plummeted.</p><p><blockquote>包括蔚来、阿里巴巴-SW、京东和百度在内的各个行业的公司股价暴跌。</blockquote></p><p> Still, Wall Street likes Nio's fundamentals and still forecasts huge upside for its stock.</p><p><blockquote>尽管如此，华尔街还是喜欢蔚来的基本面，并且仍然预测其股票有巨大的上涨空间。</blockquote></p><p> If you're considering an investment in EVs, here's why you might want to keep a close eye on Nio.</p><p><blockquote>如果您正在考虑投资电动汽车，这就是您可能需要密切关注蔚来的原因。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1add43d80c73c58cd2912b58e402a4bb\" tg-width=\"1240\" tg-height=\"827\" width=\"100%\" height=\"auto\"><span>Figure 1: Nio's ET5 model.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：蔚来ET5车型。</span></p></blockquote></p><p> <b>Why Wall Street Is Bullish on Nio</b></p><p><blockquote><b>华尔街为何看好蔚来</b></blockquote></p><p> Nio is one of the major players in the EV market. Even though the company is far from achieving profitability, its market cap valuation is close to $50 billion.</p><p><blockquote>蔚来是电动汽车市场的主要参与者之一。尽管该公司远未实现盈利，但其市值估值已接近500亿美元。</blockquote></p><p> However, the stock has suffered from headwinds due to the ongoing computer chip shortage. To hedge against the latter threat, several giant Chinese firms have opted to list on the&nbsp;Hong Kong exchanges, as well as in New York.</p><p><blockquote>然而，由于持续的计算机芯片短缺，该股遭受了阻力。为了对冲后一种威胁，几家中国巨头选择在香港交易所和纽约上市。</blockquote></p><p> But despite its questionable valuation and macroeconomic headwinds, Wall Street is extremely bullish on Nio. The&nbsp;consensus&nbsp;suggests that NIO is undervalued at current levels and forecasts more than 100% upside, with an average price target of $60. See below:</p><p><blockquote>但尽管其估值存疑且面临宏观经济逆风，华尔街仍极其看好蔚来。共识表明，蔚来在当前水平上被低估，预计上涨空间超过100%，平均目标价为60美元。见下文：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4e5c86b2a4aebaed4564826cd4837c98\" tg-width=\"1138\" tg-height=\"426\" width=\"100%\" height=\"auto\"><span>Figure 2: NIO analyst rating consensus.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：蔚来分析师评级共识。</span></p></blockquote></p><p> <b>Morgan Stanley: NIO Is a Strong EV Stock for 2022</b></p><p><blockquote><b>大摩：蔚来是2022年强劲的电动汽车股</b></blockquote></p><p> A couple of weeks ago, Morgan Stanley analyst Tim Hsiaoupdatedhis rating on NIO, reiterating a Buy recommendation and forecasting a $66 price target. That would imply a 120% upside.</p><p><blockquote>几周前，大摩分析师Tim Hsiao更新了对蔚来的评级，重申了买入建议，并预测目标价为66美元。这意味着120%的上涨空间。</blockquote></p><p> According to the analyst, Nio lagged its peers throughout the year after the chip shortage stalled the company’s growth capacity. Nio also suffered from a lack of new products, as well as a plant restructure.</p><p><blockquote>这位分析师表示，在芯片短缺阻碍了该公司的增长能力后，蔚来全年都落后于同行。蔚来还受到缺乏新产品以及工厂重组的困扰。</blockquote></p><p> On the other hand, Hsiao also pointed out Nio may have missed its targets because its expectations were overly optimistic. In this case, more rational forecasts for 2022 will serve the company -- and its stock -- well.</p><p><blockquote>另一方面，萧也指出，蔚来可能因为预期过于乐观而未能实现目标。在这种情况下，对2022年更理性的预测将对该公司及其股票有利。</blockquote></p><p> Hsiao also mentioned that EV penetration in China is already tracking at 20% the 2025 target and that Nio will be a “key player to enjoy the structural tailwinds, with EV development still anchoring China's economic agenda in 2022.”</p><p><blockquote>萧还提到，中国的电动汽车普及率已达到2025年20%的目标，蔚来将成为“享受结构性顺风的关键参与者，电动汽车发展仍将成为2022年中国经济议程的支柱”。</blockquote></p><p> Lastly, the analyst added that Nio has superior branding to its competitors and offers much more than car sales. The company also sells services, energy solutions, software, and other products.</p><p><blockquote>最后，这位分析师补充说，蔚来拥有优于竞争对手的品牌，提供的不仅仅是汽车销售。该公司还销售服务、能源解决方案、软件和其他产品。</blockquote></p><p> In addition, the 2022 release of new EV models powered by the NT2.0 autonomous driving platform will likely accelerate Nio's growth for the long term.</p><p><blockquote>此外，2022年发布搭载NT2.0自动驾驶平台的新电动汽车车型可能会加速蔚来的长期增长。</blockquote></p><p> <b>Our Take</b></p><p><blockquote><b>我们的看法</b></blockquote></p><p> It's undeniable that there's plenty of risk investing in growth stocks -- especially electric vehicle stocks. And in the case of NIO, the risk has increased since Chinese regulators have started forcing companies to delist from U.S. exchanges.</p><p><blockquote>不可否认，投资成长型股票存在很大风险，尤其是电动汽车股票。就蔚来而言，自从中国监管机构开始强制公司从美国交易所退市以来，风险已经增加。</blockquote></p><p> But it's also undeniable that the Chinese electric vehicle market has huge potential. Nio's products and services will likely see overwhelming demand in the foreseeable future.</p><p><blockquote>但同样不可否认的是，中国电动汽车市场潜力巨大。在可预见的未来，蔚来的产品和服务可能会出现巨大的需求。</blockquote></p><p> Long-term investors who want to capitalize on the EV market may want to watch NIO closely. But buckle up: Until the company proves its potential, its shares may experience a good deal of volatility.</p><p><blockquote>想要利用电动汽车市场的长期投资者可能需要密切关注蔚来。但系好安全带：在该公司证明其潜力之前，其股价可能会经历很大的波动。</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>Nio Stock: Is It A Double Bagger?<blockquote>蔚来股票：它是双重装袋机吗？</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\">\nNio Stock: Is It A Double Bagger?<blockquote>蔚来股票：它是双重装袋机吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-12-21 10:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares of Chinese EV maker Nio are down nearly 30% in the last month. However, here's why one Wall Street analyst thinks the Chinese electric vehicle maker is undervalued.</p><p><blockquote>中国电动汽车制造商蔚来的股价上个月下跌了近30%。然而，这就是一位华尔街分析师认为这家中国电动汽车制造商被低估的原因。</blockquote></p><p> It's been a bad few weeks for electric vehicle (EV) maker Nio&nbsp;and other Chinese stocks.</p><p><blockquote>对于电动汽车（EV）制造商蔚来和其他中国股票来说，这几周过得很糟糕。</blockquote></p><p> Shares of companies from various sectors -- including Nio, Alibaba, JD.com, and Baidu&nbsp;-- have plummeted.</p><p><blockquote>包括蔚来、阿里巴巴-SW、京东和百度在内的各个行业的公司股价暴跌。</blockquote></p><p> Still, Wall Street likes Nio's fundamentals and still forecasts huge upside for its stock.</p><p><blockquote>尽管如此，华尔街还是喜欢蔚来的基本面，并且仍然预测其股票有巨大的上涨空间。</blockquote></p><p> If you're considering an investment in EVs, here's why you might want to keep a close eye on Nio.</p><p><blockquote>如果您正在考虑投资电动汽车，这就是您可能需要密切关注蔚来的原因。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1add43d80c73c58cd2912b58e402a4bb\" tg-width=\"1240\" tg-height=\"827\" width=\"100%\" height=\"auto\"><span>Figure 1: Nio's ET5 model.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：蔚来ET5车型。</span></p></blockquote></p><p> <b>Why Wall Street Is Bullish on Nio</b></p><p><blockquote><b>华尔街为何看好蔚来</b></blockquote></p><p> Nio is one of the major players in the EV market. Even though the company is far from achieving profitability, its market cap valuation is close to $50 billion.</p><p><blockquote>蔚来是电动汽车市场的主要参与者之一。尽管该公司远未实现盈利，但其市值估值已接近500亿美元。</blockquote></p><p> However, the stock has suffered from headwinds due to the ongoing computer chip shortage. To hedge against the latter threat, several giant Chinese firms have opted to list on the&nbsp;Hong Kong exchanges, as well as in New York.</p><p><blockquote>然而，由于持续的计算机芯片短缺，该股遭受了阻力。为了对冲后一种威胁，几家中国巨头选择在香港交易所和纽约上市。</blockquote></p><p> But despite its questionable valuation and macroeconomic headwinds, Wall Street is extremely bullish on Nio. The&nbsp;consensus&nbsp;suggests that NIO is undervalued at current levels and forecasts more than 100% upside, with an average price target of $60. See below:</p><p><blockquote>但尽管其估值存疑且面临宏观经济逆风，华尔街仍极其看好蔚来。共识表明，蔚来在当前水平上被低估，预计上涨空间超过100%，平均目标价为60美元。见下文：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4e5c86b2a4aebaed4564826cd4837c98\" tg-width=\"1138\" tg-height=\"426\" width=\"100%\" height=\"auto\"><span>Figure 2: NIO analyst rating consensus.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：蔚来分析师评级共识。</span></p></blockquote></p><p> <b>Morgan Stanley: NIO Is a Strong EV Stock for 2022</b></p><p><blockquote><b>大摩：蔚来是2022年强劲的电动汽车股</b></blockquote></p><p> A couple of weeks ago, Morgan Stanley analyst Tim Hsiaoupdatedhis rating on NIO, reiterating a Buy recommendation and forecasting a $66 price target. That would imply a 120% upside.</p><p><blockquote>几周前，大摩分析师Tim Hsiao更新了对蔚来的评级，重申了买入建议，并预测目标价为66美元。这意味着120%的上涨空间。</blockquote></p><p> According to the analyst, Nio lagged its peers throughout the year after the chip shortage stalled the company’s growth capacity. Nio also suffered from a lack of new products, as well as a plant restructure.</p><p><blockquote>这位分析师表示，在芯片短缺阻碍了该公司的增长能力后，蔚来全年都落后于同行。蔚来还受到缺乏新产品以及工厂重组的困扰。</blockquote></p><p> On the other hand, Hsiao also pointed out Nio may have missed its targets because its expectations were overly optimistic. In this case, more rational forecasts for 2022 will serve the company -- and its stock -- well.</p><p><blockquote>另一方面，萧也指出，蔚来可能因为预期过于乐观而未能实现目标。在这种情况下，对2022年更理性的预测将对该公司及其股票有利。</blockquote></p><p> Hsiao also mentioned that EV penetration in China is already tracking at 20% the 2025 target and that Nio will be a “key player to enjoy the structural tailwinds, with EV development still anchoring China's economic agenda in 2022.”</p><p><blockquote>萧还提到，中国的电动汽车普及率已达到2025年20%的目标，蔚来将成为“享受结构性顺风的关键参与者，电动汽车发展仍将成为2022年中国经济议程的支柱”。</blockquote></p><p> Lastly, the analyst added that Nio has superior branding to its competitors and offers much more than car sales. The company also sells services, energy solutions, software, and other products.</p><p><blockquote>最后，这位分析师补充说，蔚来拥有优于竞争对手的品牌，提供的不仅仅是汽车销售。该公司还销售服务、能源解决方案、软件和其他产品。</blockquote></p><p> In addition, the 2022 release of new EV models powered by the NT2.0 autonomous driving platform will likely accelerate Nio's growth for the long term.</p><p><blockquote>此外，2022年发布搭载NT2.0自动驾驶平台的新电动汽车车型可能会加速蔚来的长期增长。</blockquote></p><p> <b>Our Take</b></p><p><blockquote><b>我们的看法</b></blockquote></p><p> It's undeniable that there's plenty of risk investing in growth stocks -- especially electric vehicle stocks. And in the case of NIO, the risk has increased since Chinese regulators have started forcing companies to delist from U.S. exchanges.</p><p><blockquote>不可否认，投资成长型股票存在很大风险，尤其是电动汽车股票。就蔚来而言，自从中国监管机构开始强制公司从美国交易所退市以来，风险已经增加。</blockquote></p><p> But it's also undeniable that the Chinese electric vehicle market has huge potential. Nio's products and services will likely see overwhelming demand in the foreseeable future.</p><p><blockquote>但同样不可否认的是，中国电动汽车市场潜力巨大。在可预见的未来，蔚来的产品和服务可能会出现巨大的需求。</blockquote></p><p> Long-term investors who want to capitalize on the EV market may want to watch NIO closely. But buckle up: Until the company proves its potential, its shares may experience a good deal of volatility.</p><p><blockquote>想要利用电动汽车市场的长期投资者可能需要密切关注蔚来。但系好安全带：在该公司证明其潜力之前，其股价可能会经历很大的波动。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/memestocks/reddit-trends/nio-stock-is-it-a-double-bagger\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.thestreet.com/memestocks/reddit-trends/nio-stock-is-it-a-double-bagger","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121664462","content_text":"Shares of Chinese EV maker Nio are down nearly 30% in the last month. However, here's why one Wall Street analyst thinks the Chinese electric vehicle maker is undervalued.\nIt's been a bad few weeks for electric vehicle (EV) maker Nio and other Chinese stocks.\nShares of companies from various sectors -- including Nio, Alibaba, JD.com, and Baidu -- have plummeted.\nStill, Wall Street likes Nio's fundamentals and still forecasts huge upside for its stock.\nIf you're considering an investment in EVs, here's why you might want to keep a close eye on Nio.\nFigure 1: Nio's ET5 model.\nWhy Wall Street Is Bullish on Nio\nNio is one of the major players in the EV market. Even though the company is far from achieving profitability, its market cap valuation is close to $50 billion.\nHowever, the stock has suffered from headwinds due to the ongoing computer chip shortage. To hedge against the latter threat, several giant Chinese firms have opted to list on the Hong Kong exchanges, as well as in New York.\nBut despite its questionable valuation and macroeconomic headwinds, Wall Street is extremely bullish on Nio. The consensus suggests that NIO is undervalued at current levels and forecasts more than 100% upside, with an average price target of $60. See below:\nFigure 2: NIO analyst rating consensus.\nMorgan Stanley: NIO Is a Strong EV Stock for 2022\nA couple of weeks ago, Morgan Stanley analyst Tim Hsiaoupdatedhis rating on NIO, reiterating a Buy recommendation and forecasting a $66 price target. That would imply a 120% upside.\nAccording to the analyst, Nio lagged its peers throughout the year after the chip shortage stalled the company’s growth capacity. Nio also suffered from a lack of new products, as well as a plant restructure.\nOn the other hand, Hsiao also pointed out Nio may have missed its targets because its expectations were overly optimistic. In this case, more rational forecasts for 2022 will serve the company -- and its stock -- well.\nHsiao also mentioned that EV penetration in China is already tracking at 20% the 2025 target and that Nio will be a “key player to enjoy the structural tailwinds, with EV development still anchoring China's economic agenda in 2022.”\nLastly, the analyst added that Nio has superior branding to its competitors and offers much more than car sales. The company also sells services, energy solutions, software, and other products.\nIn addition, the 2022 release of new EV models powered by the NT2.0 autonomous driving platform will likely accelerate Nio's growth for the long term.\nOur Take\nIt's undeniable that there's plenty of risk investing in growth stocks -- especially electric vehicle stocks. And in the case of NIO, the risk has increased since Chinese regulators have started forcing companies to delist from U.S. exchanges.\nBut it's also undeniable that the Chinese electric vehicle market has huge potential. Nio's products and services will likely see overwhelming demand in the foreseeable future.\nLong-term investors who want to capitalize on the EV market may want to watch NIO closely. But buckle up: Until the company proves its potential, its shares may experience a good deal of volatility.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2076,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693485804,"gmtCreate":1640062985903,"gmtModify":1640062986075,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"Expert’s talk! 🤣🤣 let’s see what will be their standard.&nbsp;","listText":"Expert’s talk! 🤣🤣 let’s see what will be their standard.&nbsp;","text":"Expert’s talk! 🤣🤣 let’s see what will be their standard.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693485804","repostId":"1175468667","repostType":4,"repost":{"id":"1175468667","kind":"news","pubTimestamp":1640055555,"share":"https://www.laohu8.com/m/news/1175468667?lang=zh_CN&edition=full","pubTime":"2021-12-21 10:59","market":"us","language":"en","title":"RIVN, LCID, GOEV, FSR: Why Are EV Stocks Down Today?<blockquote>RIVN、LCID、GOEV、FSR：为什么电动汽车股票今天下跌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175468667","media":"InvestorPlace","summary":"This was a memorable year for electric vehicle (EV) stocks. From a special purpose acquisition compa","content":"<p><div> This was a memorable year for electric vehicle (EV) stocks. From a special purpose acquisition company (SPAC) merger that saw Churchill Capital take Lucid(NASDAQ:LCID) public to Rivian’s(NASDAQ:RIVN) ...</p><p><blockquote><div>对于电动汽车（EV）股票来说，这是值得纪念的一年。从Churchill Capital将Lucid（纳斯达克：LCID）上市的特殊目的收购公司(SPAC)合并到Rivian（纳斯达克：RIVN）...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/rivn-lcid-goev-fsr-why-are-ev-stocks-down-today/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/rivn-lcid-goev-fsr-why-are-ev-stocks-down-today/\">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>RIVN, LCID, GOEV, FSR: Why Are EV Stocks Down Today?<blockquote>RIVN、LCID、GOEV、FSR：为什么电动汽车股票今天下跌？</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\">\nRIVN, LCID, GOEV, FSR: Why Are EV Stocks Down Today?<blockquote>RIVN、LCID、GOEV、FSR：为什么电动汽车股票今天下跌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-21 10:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> This was a memorable year for electric vehicle (EV) stocks. From a special purpose acquisition company (SPAC) merger that saw Churchill Capital take Lucid(NASDAQ:LCID) public to Rivian’s(NASDAQ:RIVN) ...</p><p><blockquote><div>对于电动汽车（EV）股票来说，这是值得纪念的一年。从Churchill Capital将Lucid（纳斯达克：LCID）上市的特殊目的收购公司(SPAC)合并到Rivian（纳斯达克：RIVN）...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/rivn-lcid-goev-fsr-why-are-ev-stocks-down-today/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/rivn-lcid-goev-fsr-why-are-ev-stocks-down-today/\">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/2021/12/rivn-lcid-goev-fsr-why-are-ev-stocks-down-today/\">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":{"FSR":"菲斯克","LCID":"Lucid Group Inc","RIVN":"Rivian Automotive, Inc."},"source_url":"https://investorplace.com/2021/12/rivn-lcid-goev-fsr-why-are-ev-stocks-down-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175468667","content_text":"This was a memorable year for electric vehicle (EV) stocks. From a special purpose acquisition company (SPAC) merger that saw Churchill Capital take Lucid(NASDAQ:LCID) public to Rivian’s(NASDAQ:RIVN) blockbuster initial public offering (IPO), EV stocks have taken investors for quite a joyride.\nHowever, as the year closes out, reality is starting to set in. It’s no secret that many EV companies are reporting $0 in earnings with sky-high market capitalizations. Other EV companies are looking to rival Tesla(NASDAQ:TSLA) even without concrete plans for scalability.\nThis momentum in EV stocks has helped companies generate incredible returns this year. However, whether or not these companies can report deliveries and sales that will justify their market caps remains the big question. This period of questioning is weighing on Rivian, Lucid,Fisker(NYSE:FSR) and Canoo(NASDAQ:GOEV) today.\nWhy Are EV Stocks Down Today?\nA majority of today’s EVs use lithium-ion batteries, making it a key component in the supply chain. However, a report released by theWall Street Journal details how the scarcity of lithium has driven prices up as EV makers race to acquire the metal. According to research firm Benchmark Mineral Intelligence, the price of lithium has doubled between May and November and is up 240% year to date (YTD). There is plenty of lithium waiting to be mined, but the process to convert it to battery-grade chemicals is lengthy and costly. Additionally, supply has been struggling to keep up with demand, as producers of lithium often face environmental opposition and long, strung out permitting processes. Ultimately, fears of rising lithium prices has investors questioning whether EV companies can make delivery and production targets in 2022.\nA cautious note from Guggenheim is also sending EV stocks down today. Analyst Ali Faghri initiated coverage on Lucid with a price target of $38 and Tesla, with a price target of $924. However, it wasn’t the price target that scared investors. Faghri mentioned that:\n\n “In the near term, however, we believe EV adoption may fall short of industry forecasts, particularly in the US due to a less onerous regulatory backdrop and limited product launches in key market segments. We also see insufficient domestic charging infrastructure and battery capacity as near-term bottlenecks.”\n\nFaghri echoed the WSJ’s fears of a battery shortage as lithium prices continue to rise higher. Heading into 2022, Guggenheim remains cautious on EV stocks.","news_type":1,"symbols_score_info":{"LCID":0.9,"FSR":0.9,"GOEV":0.9,"RIVN":0.9}},"isVote":1,"tweetType":1,"viewCount":2538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606362209,"gmtCreate":1638836111709,"gmtModify":1638836111838,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"Thanks for sharing&nbsp;","listText":"Thanks for sharing&nbsp;","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/606362209","repostId":"1151088435","repostType":2,"isVote":1,"tweetType":1,"viewCount":2179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875124390,"gmtCreate":1637626907392,"gmtModify":1637626907458,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"Thanks for sharing!&nbsp;","listText":"Thanks for sharing!&nbsp;","text":"Thanks for sharing!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875124390","repostId":"1141862050","repostType":2,"isVote":1,"tweetType":1,"viewCount":2823,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875120849,"gmtCreate":1637626367914,"gmtModify":1637626367971,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"Hope it is real rebound for second wave!&nbsp;","listText":"Hope it is real rebound for second wave!&nbsp;","text":"Hope it is real rebound for second wave!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875120849","repostId":"1170837254","repostType":4,"repost":{"id":"1170837254","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":1637594462,"share":"https://www.laohu8.com/m/news/1170837254?lang=zh_CN&edition=full","pubTime":"2021-11-22 23:21","market":"us","language":"en","title":"NIO shares rose more than 10% in early trading<blockquote>蔚来股价早盘涨超10%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170837254","media":"Tiger Newspress","summary":"NIO shares rose more than 10% in early trading.Nio Inc plans to begin taking bookings for its electric sedan ET7 from mid-January onwards, cnEVportreported, citing the team working on the model.The ET7 is the fourth vehicle to go on sale from Nio’s lineup of electric vehicles.Nio launched the flagship sedan ET7 in January at the company’s annual day, complete with its second-generation electric drive system, and it is expected to compete with Tesla Inc’s Model S sedan.","content":"<p>NIO&nbsp;shares&nbsp;rose&nbsp;more&nbsp;than&nbsp;10%&nbsp;in&nbsp;early&nbsp;trading.<img src=\"https://static.tigerbbs.com/709a7939cec9f7c36227189c8c1eb12f\" tg-width=\"871\" tg-height=\"627\" width=\"100%\" height=\"auto\"><b>Nio Inc</b>&nbsp;plans to begin taking bookings for its electric sedan ET7 from mid-January onwards, cnEVportreported, citing the team working on the model.</p><p><blockquote>蔚来股价早盘涨超10%。<b>蔚来公司</b>据CNEVPortReport报道，该公司计划从1月中旬开始接受电动轿车ET7的预订，并援引该车型开发团队的话说。</blockquote></p><p> The ET7 is the fourth vehicle to go on sale from Nio’s lineup of electric vehicles.</p><p><blockquote>ET7是蔚来电动汽车系列中第四款上市销售的汽车。</blockquote></p><p> Nio launched the flagship sedan ET7 in January at the company’s annual day, complete with its second-generation electric drive system, and it&nbsp;is expected to compete with&nbsp;<b>Tesla Inc’s</b>&nbsp;Model S sedan.</p><p><blockquote>蔚来在1月份的公司年度日上推出了旗舰轿车ET7，配备了第二代电力驱动系统，预计将与<b>特斯拉公司</b>S型轿车。</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>NIO shares rose more than 10% in early trading<blockquote>蔚来股价早盘涨超10%</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO shares rose more than 10% in early trading<blockquote>蔚来股价早盘涨超10%</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 23:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>NIO&nbsp;shares&nbsp;rose&nbsp;more&nbsp;than&nbsp;10%&nbsp;in&nbsp;early&nbsp;trading.<img src=\"https://static.tigerbbs.com/709a7939cec9f7c36227189c8c1eb12f\" tg-width=\"871\" tg-height=\"627\" width=\"100%\" height=\"auto\"><b>Nio Inc</b>&nbsp;plans to begin taking bookings for its electric sedan ET7 from mid-January onwards, cnEVportreported, citing the team working on the model.</p><p><blockquote>蔚来股价早盘涨超10%。<b>蔚来公司</b>据CNEVPortReport报道，该公司计划从1月中旬开始接受电动轿车ET7的预订，并援引该车型开发团队的话说。</blockquote></p><p> The ET7 is the fourth vehicle to go on sale from Nio’s lineup of electric vehicles.</p><p><blockquote>ET7是蔚来电动汽车系列中第四款上市销售的汽车。</blockquote></p><p> Nio launched the flagship sedan ET7 in January at the company’s annual day, complete with its second-generation electric drive system, and it&nbsp;is expected to compete with&nbsp;<b>Tesla Inc’s</b>&nbsp;Model S sedan.</p><p><blockquote>蔚来在1月份的公司年度日上推出了旗舰轿车ET7，配备了第二代电力驱动系统，预计将与<b>特斯拉公司</b>S型轿车。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170837254","content_text":"NIO shares rose more than 10% in early trading.Nio Inc plans to begin taking bookings for its electric sedan ET7 from mid-January onwards, cnEVportreported, citing the team working on the model.\nThe ET7 is the fourth vehicle to go on sale from Nio’s lineup of electric vehicles.\nNio launched the flagship sedan ET7 in January at the company’s annual day, complete with its second-generation electric drive system, and it is expected to compete with Tesla Inc’s Model S sedan.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":4216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":878285975,"gmtCreate":1637197747168,"gmtModify":1637197747168,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"Yes! Buy and hold.&nbsp;","listText":"Yes! Buy and hold.&nbsp;","text":"Yes! Buy and hold.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/878285975","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 $23\nThis article was written by Ahan Vashi","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":2936,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871165262,"gmtCreate":1637038246110,"gmtModify":1637038246162,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"Haha…you sell I buy.&nbsp;","listText":"Haha…you sell I buy.&nbsp;","text":"Haha…you sell I buy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/871165262","repostId":"1116429379","repostType":4,"isVote":1,"tweetType":1,"viewCount":2242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879951057,"gmtCreate":1636678323683,"gmtModify":1636678323816,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LEDS\">$SemiLEDs(LEDS)$</a>Reach resistance. Need to hold and rebound. Just observe!Disclaimer : This is my personal opinion and do not constitute In&nbsp;investment suggestion. You are responsible at your own&nbsp;Investment risk!&nbsp;","listText":"<a href=\"https://laohu8.com/S/LEDS\">$SemiLEDs(LEDS)$</a>Reach resistance. Need to hold and rebound. Just observe!Disclaimer : This is my personal opinion and do not constitute In&nbsp;investment suggestion. You are responsible at your own&nbsp;Investment risk!&nbsp;","text":"$SemiLEDs(LEDS)$Reach resistance. Need to hold and rebound. Just observe!Disclaimer : This is my personal opinion and do not constitute In investment suggestion. You are responsible at your own Investment risk!","images":[{"img":"https://static.tigerbbs.com/3292155439cf8bfbb36299e48f9f7676","width":"1125","height":"4299"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879951057","isVote":1,"tweetType":1,"viewCount":2758,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":870466301,"gmtCreate":1636642658846,"gmtModify":1636642658970,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>I will hold you tight for 5 years!&nbsp;","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>I will hold you tight for 5 years!&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$I will hold you tight for 5 years!","images":[{"img":"https://static.tigerbbs.com/f7f16abaaff145d3238403c18429acf6","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870466301","isVote":1,"tweetType":1,"viewCount":2717,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":870491250,"gmtCreate":1636641109258,"gmtModify":1636641168551,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"I will just continue to hold long term and buymore when it drop.&nbsp;","listText":"I will just continue to hold long term and buymore when it drop.&nbsp;","text":"I will just continue to hold long term and buymore when it drop.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/870491250","repostId":"1198342851","repostType":4,"isVote":1,"tweetType":1,"viewCount":2303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":870005371,"gmtCreate":1636556771277,"gmtModify":1636557112170,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>Down again!&nbsp;","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>Down again!&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$Down again!","images":[{"img":"https://static.tigerbbs.com/ee04af2db5b122a9c3ddaea3b51a5cbe","width":"1125","height":"4284"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870005371","isVote":1,"tweetType":1,"viewCount":708,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":870006447,"gmtCreate":1636556715511,"gmtModify":1636557012667,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Begin my support","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Begin my support","text":"$NIO Inc.(NIO)$Begin my support","images":[{"img":"https://static.tigerbbs.com/60682c278114e351254f2bc72eda2f05","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870006447","isVote":1,"tweetType":1,"viewCount":601,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":847981171,"gmtCreate":1636471985526,"gmtModify":1636471985645,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMEH\">$Apollo Medical Holdings, Inc.(AMEH)$</a>Leaving you too fast! 😭","listText":"<a href=\"https://laohu8.com/S/AMEH\">$Apollo Medical Holdings, Inc.(AMEH)$</a>Leaving you too fast! 😭","text":"$Apollo Medical Holdings, Inc.(AMEH)$Leaving you too fast! 😭","images":[{"img":"https://static.tigerbbs.com/60d6b9837af67d92e3f80e2f6e7d971a","width":"1125","height":"4104"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847981171","isVote":1,"tweetType":1,"viewCount":980,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":844036524,"gmtCreate":1636376134309,"gmtModify":1636376203522,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MCFE\">$McAfee Corp.(MCFE)$</a>Give me your power!","listText":"<a href=\"https://laohu8.com/S/MCFE\">$McAfee Corp.(MCFE)$</a>Give me your power!","text":"$McAfee Corp.(MCFE)$Give me your power!","images":[{"img":"https://static.tigerbbs.com/3d6a22406429cee25475a274e73458a3","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/844036524","isVote":1,"tweetType":1,"viewCount":911,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":844094419,"gmtCreate":1636375568734,"gmtModify":1636375589065,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OPEN\">$Opendoor Technologies Inc(OPEN)$</a>Are you ready? Coming soon. Just be patient.&nbsp;Disclaimer : This is my personal opinion and do not constitute In&nbsp;investment suggestion. You are responsible at your own&nbsp;Investment risk!&nbsp;","listText":"<a href=\"https://laohu8.com/S/OPEN\">$Opendoor Technologies Inc(OPEN)$</a>Are you ready? Coming soon. Just be patient.&nbsp;Disclaimer : This is my personal opinion and do not constitute In&nbsp;investment suggestion. You are responsible at your own&nbsp;Investment risk!&nbsp;","text":"$Opendoor Technologies Inc(OPEN)$Are you ready? Coming soon. Just be patient. Disclaimer : This is my personal opinion and do not constitute In investment suggestion. You are responsible at your own Investment risk!","images":[{"img":"https://static.tigerbbs.com/5f52fba6b96eaa4ce72c8e7f541a7856","width":"1125","height":"4569"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/844094419","isVote":1,"tweetType":1,"viewCount":1612,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":844092559,"gmtCreate":1636375383135,"gmtModify":1636375383267,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NKLA\">$Nikola Corporation(NKLA)$</a>Ready to rebound? Be careful!&nbsp;Disclaimer : This is my personal opinion and do not constitute In&nbsp;investment suggestion. You are responsible at your own&nbsp;Investment risk!&nbsp;","listText":"<a href=\"https://laohu8.com/S/NKLA\">$Nikola Corporation(NKLA)$</a>Ready to rebound? Be careful!&nbsp;Disclaimer : This is my personal opinion and do not constitute In&nbsp;investment suggestion. You are responsible at your own&nbsp;Investment risk!&nbsp;","text":"$Nikola Corporation(NKLA)$Ready to rebound? Be careful! Disclaimer : This is my personal opinion and do not constitute In investment suggestion. You are responsible at your own Investment risk!","images":[{"img":"https://static.tigerbbs.com/4c99f2dd1bef0118c6fcbf940bb7ef0a","width":"1125","height":"4569"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/844092559","isVote":1,"tweetType":1,"viewCount":1140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":845341466,"gmtCreate":1636292041896,"gmtModify":1636292042024,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMEH\">$Apollo Medical Holdings, Inc.(AMEH)$</a>gap up on Friday! What will it be for tomorrow?&nbsp;Disclaimer : This is my personal opinion and do not constitute In&nbsp;investment suggestion. You are responsible at your own&nbsp;Investment risk!&nbsp;","listText":"<a href=\"https://laohu8.com/S/AMEH\">$Apollo Medical Holdings, Inc.(AMEH)$</a>gap up on Friday! What will it be for tomorrow?&nbsp;Disclaimer : This is my personal opinion and do not constitute In&nbsp;investment suggestion. You are responsible at your own&nbsp;Investment risk!&nbsp;","text":"$Apollo Medical Holdings, Inc.(AMEH)$gap up on Friday! What will it be for tomorrow? Disclaimer : This is my personal opinion and do not constitute In investment suggestion. You are responsible at your own Investment risk!","images":[{"img":"https://static.tigerbbs.com/82821d525035194c369a8b0ffb63874c","width":"1125","height":"4209"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845341466","isVote":1,"tweetType":1,"viewCount":1137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":845343255,"gmtCreate":1636291851649,"gmtModify":1636291851743,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMCR\">$Amcor plc(AMCR)$</a>I still have the faith with it! What is your thoughts?&nbsp;","listText":"<a href=\"https://laohu8.com/S/AMCR\">$Amcor plc(AMCR)$</a>I still have the faith with it! What is your thoughts?&nbsp;","text":"$Amcor plc(AMCR)$I still have the faith with it! What is your thoughts?","images":[{"img":"https://static.tigerbbs.com/4e146ebe4cbecb0dc71e07558bcf86fd","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845343255","isVote":1,"tweetType":1,"viewCount":1212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":842552539,"gmtCreate":1636206614380,"gmtModify":1636206614494,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MCFE\">$McAfee Corp.(MCFE)$</a>Technical call? Morning star + golden&nbsp;cross.&nbsp;Disclaimer : This is my personal opinion and do not constitute In&nbsp;investment suggestion. You are responsible at your own&nbsp;Investment risk!&nbsp;","listText":"<a href=\"https://laohu8.com/S/MCFE\">$McAfee Corp.(MCFE)$</a>Technical call? Morning star + golden&nbsp;cross.&nbsp;Disclaimer : This is my personal opinion and do not constitute In&nbsp;investment suggestion. You are responsible at your own&nbsp;Investment risk!&nbsp;","text":"$McAfee Corp.(MCFE)$Technical call? Morning star + golden cross. Disclaimer : This is my personal opinion and do not constitute In investment suggestion. You are responsible at your own Investment risk!","images":[{"img":"https://static.tigerbbs.com/d49d0e5fac8b1e5cac0fbc3515893446","width":"1125","height":"4389"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/842552539","isVote":1,"tweetType":1,"viewCount":1235,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000178","authorId":"9000000000000178","name":"EugeneRodriguez","avatar":"https://static.tigerbbs.com/04221b7d7c3696fc0494449aa000899e","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000178","idStr":"9000000000000178"},"content":"Be careful, smells like Pypl and Pins fake news. Nothing is final until the deal is signed.","text":"Be careful, smells like Pypl and Pins fake news. Nothing is final until the deal is signed.","html":"Be careful, smells like Pypl and Pins fake news. Nothing is final until the deal is signed."},{"author":{"id":"9000000000000176","authorId":"9000000000000176","name":"RandyHall","avatar":"https://static.tigerbbs.com/9a2c539bd7eff494d3755975b44673ef","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000176","idStr":"9000000000000176"},"content":"here we go! it broke resistence level. RSI index start rebound. buy buy buy","text":"here we go! it broke resistence level. RSI index start rebound. buy buy buy","html":"here we go! it broke resistence level. RSI index start rebound. buy buy buy"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":842009738,"gmtCreate":1636118996111,"gmtModify":1636119034266,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/QQQ\">$NASDAQ-100 Index ETF(QQQ)$</a>I trust on you!&nbsp;","listText":"<a href=\"https://laohu8.com/S/QQQ\">$NASDAQ-100 Index ETF(QQQ)$</a>I trust on you!&nbsp;","text":"$NASDAQ-100 Index ETF(QQQ)$I trust on you!","images":[{"img":"https://static.tigerbbs.com/ecd8b04e6497a18da56e49369a603d1b","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/842009738","isVote":1,"tweetType":1,"viewCount":847,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"hots":[{"id":850865907,"gmtCreate":1634572345636,"gmtModify":1634572345746,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DNN\">$Denison Mines(DNN)$</a>New high with cup shape, will breakout for another height&nbsp;","listText":"<a href=\"https://laohu8.com/S/DNN\">$Denison Mines(DNN)$</a>New high with cup shape, will breakout for another height&nbsp;","text":"$Denison Mines(DNN)$New high with cup shape, will breakout for another height","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/850865907","isVote":1,"tweetType":1,"viewCount":827,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000158","authorId":"9000000000000158","name":"哎呀呀小伙子","avatar":"https://static.tigerbbs.com/df6a0fed4b2624034014be633476534a","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000158","idStr":"9000000000000158"},"content":"走势很棒的股票，谢谢分享，很喜欢这样的走势。","text":"走势很棒的股票，谢谢分享，很喜欢这样的走势。","html":"走势很棒的股票，谢谢分享，很喜欢这样的走势。"},{"author":{"id":"9000000000000308","authorId":"9000000000000308","name":"尔维斯肌肤","avatar":"https://static.tigerbbs.com/b061e64f30a27d5aa62481a74a31d5a0","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000308","idStr":"9000000000000308"},"content":"突破前高，证明还有继续向上的潜力。","text":"突破前高，证明还有继续向上的潜力。","html":"突破前高，证明还有继续向上的潜力。"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":842552539,"gmtCreate":1636206614380,"gmtModify":1636206614494,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MCFE\">$McAfee Corp.(MCFE)$</a>Technical call? Morning star + golden&nbsp;cross.&nbsp;Disclaimer : This is my personal opinion and do not constitute In&nbsp;investment suggestion. You are responsible at your own&nbsp;Investment risk!&nbsp;","listText":"<a href=\"https://laohu8.com/S/MCFE\">$McAfee Corp.(MCFE)$</a>Technical call? Morning star + golden&nbsp;cross.&nbsp;Disclaimer : This is my personal opinion and do not constitute In&nbsp;investment suggestion. You are responsible at your own&nbsp;Investment risk!&nbsp;","text":"$McAfee Corp.(MCFE)$Technical call? Morning star + golden cross. Disclaimer : This is my personal opinion and do not constitute In investment suggestion. You are responsible at your own Investment risk!","images":[{"img":"https://static.tigerbbs.com/d49d0e5fac8b1e5cac0fbc3515893446","width":"1125","height":"4389"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/842552539","isVote":1,"tweetType":1,"viewCount":1235,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"9000000000000178","authorId":"9000000000000178","name":"EugeneRodriguez","avatar":"https://static.tigerbbs.com/04221b7d7c3696fc0494449aa000899e","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000178","idStr":"9000000000000178"},"content":"Be careful, smells like Pypl and Pins fake news. Nothing is final until the deal is signed.","text":"Be careful, smells like Pypl and Pins fake news. Nothing is final until the deal is signed.","html":"Be careful, smells like Pypl and Pins fake news. Nothing is final until the deal is signed."},{"author":{"id":"9000000000000176","authorId":"9000000000000176","name":"RandyHall","avatar":"https://static.tigerbbs.com/9a2c539bd7eff494d3755975b44673ef","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"9000000000000176","idStr":"9000000000000176"},"content":"here we go! it broke resistence level. RSI index start rebound. buy buy buy","text":"here we go! it broke resistence level. RSI index start rebound. buy buy buy","html":"here we go! it broke resistence level. RSI index start rebound. buy buy buy"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":857702832,"gmtCreate":1635558909433,"gmtModify":1635558909433,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"Go for long term! You will not worry that much at current moment. Both companies are not for over short term.&nbsp;","listText":"Go for long term! You will not worry that much at current moment. Both companies are not for over short term.&nbsp;","text":"Go for long term! You will not worry that much at current moment. Both companies are not for over short term.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/857702832","repostId":"1185142327","repostType":2,"repost":{"id":"1185142327","kind":"news","pubTimestamp":1635554397,"share":"https://www.laohu8.com/m/news/1185142327?lang=zh_CN&edition=full","pubTime":"2021-10-30 08:39","market":"hk","language":"en","title":"Amazon and Apple warn of supply chain issues<blockquote>亚马逊和苹果警告供应链问题</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185142327","media":"CNN","summary":"(CNN Business)Even Amazon and Apple are grappling with the global supply chain crunch.\nBoth companie","content":"<p>(CNN Business)Even Amazon and Apple are grappling with the global supply chain crunch.</p><p><blockquote>（CNN商业）就连亚马逊和苹果也在努力应对全球供应链紧缩。</blockquote></p><p> Both companies reported revenue results on Thursday that fell short of Wall Street analysts' expectations and warned that supply chain issues could weigh on business in the December quarter.</p><p><blockquote>两家公司周四公布的营收业绩均低于华尔街分析师的预期，并警告称，供应链问题可能会给12月季度的业务带来压力。</blockquote></p><p> Amazon missed Wall Street projections for both sales and profit for the three months ended September 30 — a rare miss for the internet giant. It posted net sales of $110.8 billion, up 15% from the same period a year earlier, but below analyst projections of $111.6 billion. Net income for the quarter decreased from the prior year to $3.2 billion, well short of the $4.6 billion analysts expected.</p><p><blockquote>截至9月30日的三个月，亚马逊的销售额和利润均未达到华尔街的预期，这对于这家互联网巨头来说是罕见的。该公司公布的净销售额为1108亿美元，比去年同期增长15%，但低于分析师预测的1116亿美元。该季度净利润较上年同期下降至32亿美元，远低于分析师预期的46亿美元。</blockquote></p><p> Amazon CEO Andy Jassy warned in a statement that, in the upcoming fourth quarter, the company's consumer business expects to incur several billion dollars of additional costs. Those costs, he said, come \"as we manage through labor supply shortages, increased wage costs, global supply chain issues, and increased freight and shipping costs — all while doing whatever it takes to minimize the impact on customers and selling partners this holiday season.\"</p><p><blockquote>亚马逊首席执行官安迪·贾西在一份声明中警告称，在即将到来的第四季度，该公司的消费者业务预计将产生数十亿美元的额外成本。他说，这些成本是“当我们应对劳动力供应短缺、工资成本增加、全球供应链问题以及运费和运输成本增加时产生的，同时尽一切努力最大限度地减少这个假期对客户和销售合作伙伴的影响。”</blockquote></p><p> Apple posted quarterly sales of $83.4 billion, slightly lower than analysts had anticipated. iPhone sales were lower than analyst forecasts, too, coming in at $38.9 billion.</p><p><blockquote>苹果公布季度销售额为834亿美元，略低于分析师预期。iPhone销售额也低于分析师预期，为389亿美元。</blockquote></p><p> In a conference call with analysts after reporting the results, CEO Tim Cook focused on the fact that Apple managed to post a quarterly sales record despite the supply constraints. \"Demand was very robust,\" he said, but he also noted that \"larger-than-expected supply constraints,\" including silicon shortages and a \"related manufacturing disruption,\" had a $6 billion negative impact on the business.</p><p><blockquote>在公布业绩后与分析师举行的电话会议中，首席执行官蒂姆·库克重点谈到了这样一个事实：尽管供应受到限制，苹果仍设法创下了季度销售记录。“需求非常强劲，”他说，但他也指出，“超出预期的供应限制”，包括硅短缺和“相关的制造中断”，对该业务产生了60亿美元的负面影响。</blockquote></p><p> Amazon's (AMZN) stock fell as much as 5% and Apple (AAPL) shares fell more than 4% in after-hours trading Thursday.</p><p><blockquote>周四盘后交易中，亚马逊(AMZN)股价下跌5%，苹果(AAPL)股价下跌超过4%。</blockquote></p><p> Supply chain disruptions and staffing issues caused by the pandemic have escalated in recent months, hitting a wide range of industries. Several retailers, manufacturers and economists have warned that global supply chain constraints will lead to not only fewer discounts during the holidays this year but also result in a potential dearth of products on store shelves.</p><p><blockquote>近几个月来，疫情造成的供应链中断和人员配备问题不断升级，影响了广泛的行业。多家零售商、制造商和经济学家警告称，全球供应链限制不仅会导致今年假期折扣减少，还可能导致商店货架上的产品短缺。</blockquote></p><p> Apple has built up a sophisticated supply chain over the years for its various hardware products, and Amazon has developed an advanced logistics operation for deliveries. The supply concerns are also dragging into important periods for both companies: for Amazon, the all-important holiday shopping season, and for Apple, the launch of several new products, including its iPhone 13 lineup.</p><p><blockquote>多年来，苹果为其各种硬件产品建立了复杂的供应链，亚马逊也开发了先进的送货物流业务。供应担忧也将两家公司拖入了重要时期：对于亚马逊来说，这是最重要的假日购物季；对于苹果来说，这是几款新产品的推出，包括iPhone 13系列。</blockquote></p><p> Amazon previously warned that the second half of 2021 could bring slower growth compared to last year because more people were returning to in-person shopping versus online ordering as vaccines rolled out. And things don't appear to be looking up just yet. Amazon is now projecting much slower-than-usual growth for the final three months of the year.</p><p><blockquote>亚马逊此前警告称，与去年相比，2021年下半年的增长可能会放缓，因为随着疫苗的推出，越来越多的人回归面对面购物而不是在线订购。事情似乎还没有好转。亚马逊目前预计今年最后三个月的增长将比平时慢得多。</blockquote></p><p> Apple declined to provide revenue guidance for the December quarter, \"given the continued uncertainty around the world in the near term,\" CFO Luca Maestri said during the company's earnings call Thursday. \"We estimate the impact from supply constraints will be larger during the December quarter. Despite this challenge, we are seeing high demand for our products,\" he said.</p><p><blockquote>苹果首席财务官卢卡·马埃斯特里(Luca Maestri)在周四的公司财报看涨期权上表示，“鉴于短期内全球持续存在不确定性”，拒绝提供12月份季度的收入指引。“我们估计，在12月季度，供应限制的影响将会更大。尽管面临这一挑战，但我们看到对我们产品的需求很高，”他说。</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>Amazon and Apple warn of supply chain issues<blockquote>亚马逊和苹果警告供应链问题</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\">\nAmazon and Apple warn of supply chain issues<blockquote>亚马逊和苹果警告供应链问题</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CNN</strong><span class=\"h-time small\">2021-10-30 08:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(CNN Business)Even Amazon and Apple are grappling with the global supply chain crunch.</p><p><blockquote>（CNN商业）就连亚马逊和苹果也在努力应对全球供应链紧缩。</blockquote></p><p> Both companies reported revenue results on Thursday that fell short of Wall Street analysts' expectations and warned that supply chain issues could weigh on business in the December quarter.</p><p><blockquote>两家公司周四公布的营收业绩均低于华尔街分析师的预期，并警告称，供应链问题可能会给12月季度的业务带来压力。</blockquote></p><p> Amazon missed Wall Street projections for both sales and profit for the three months ended September 30 — a rare miss for the internet giant. It posted net sales of $110.8 billion, up 15% from the same period a year earlier, but below analyst projections of $111.6 billion. Net income for the quarter decreased from the prior year to $3.2 billion, well short of the $4.6 billion analysts expected.</p><p><blockquote>截至9月30日的三个月，亚马逊的销售额和利润均未达到华尔街的预期，这对于这家互联网巨头来说是罕见的。该公司公布的净销售额为1108亿美元，比去年同期增长15%，但低于分析师预测的1116亿美元。该季度净利润较上年同期下降至32亿美元，远低于分析师预期的46亿美元。</blockquote></p><p> Amazon CEO Andy Jassy warned in a statement that, in the upcoming fourth quarter, the company's consumer business expects to incur several billion dollars of additional costs. Those costs, he said, come \"as we manage through labor supply shortages, increased wage costs, global supply chain issues, and increased freight and shipping costs — all while doing whatever it takes to minimize the impact on customers and selling partners this holiday season.\"</p><p><blockquote>亚马逊首席执行官安迪·贾西在一份声明中警告称，在即将到来的第四季度，该公司的消费者业务预计将产生数十亿美元的额外成本。他说，这些成本是“当我们应对劳动力供应短缺、工资成本增加、全球供应链问题以及运费和运输成本增加时产生的，同时尽一切努力最大限度地减少这个假期对客户和销售合作伙伴的影响。”</blockquote></p><p> Apple posted quarterly sales of $83.4 billion, slightly lower than analysts had anticipated. iPhone sales were lower than analyst forecasts, too, coming in at $38.9 billion.</p><p><blockquote>苹果公布季度销售额为834亿美元，略低于分析师预期。iPhone销售额也低于分析师预期，为389亿美元。</blockquote></p><p> In a conference call with analysts after reporting the results, CEO Tim Cook focused on the fact that Apple managed to post a quarterly sales record despite the supply constraints. \"Demand was very robust,\" he said, but he also noted that \"larger-than-expected supply constraints,\" including silicon shortages and a \"related manufacturing disruption,\" had a $6 billion negative impact on the business.</p><p><blockquote>在公布业绩后与分析师举行的电话会议中，首席执行官蒂姆·库克重点谈到了这样一个事实：尽管供应受到限制，苹果仍设法创下了季度销售记录。“需求非常强劲，”他说，但他也指出，“超出预期的供应限制”，包括硅短缺和“相关的制造中断”，对该业务产生了60亿美元的负面影响。</blockquote></p><p> Amazon's (AMZN) stock fell as much as 5% and Apple (AAPL) shares fell more than 4% in after-hours trading Thursday.</p><p><blockquote>周四盘后交易中，亚马逊(AMZN)股价下跌5%，苹果(AAPL)股价下跌超过4%。</blockquote></p><p> Supply chain disruptions and staffing issues caused by the pandemic have escalated in recent months, hitting a wide range of industries. Several retailers, manufacturers and economists have warned that global supply chain constraints will lead to not only fewer discounts during the holidays this year but also result in a potential dearth of products on store shelves.</p><p><blockquote>近几个月来，疫情造成的供应链中断和人员配备问题不断升级，影响了广泛的行业。多家零售商、制造商和经济学家警告称，全球供应链限制不仅会导致今年假期折扣减少，还可能导致商店货架上的产品短缺。</blockquote></p><p> Apple has built up a sophisticated supply chain over the years for its various hardware products, and Amazon has developed an advanced logistics operation for deliveries. The supply concerns are also dragging into important periods for both companies: for Amazon, the all-important holiday shopping season, and for Apple, the launch of several new products, including its iPhone 13 lineup.</p><p><blockquote>多年来，苹果为其各种硬件产品建立了复杂的供应链，亚马逊也开发了先进的送货物流业务。供应担忧也将两家公司拖入了重要时期：对于亚马逊来说，这是最重要的假日购物季；对于苹果来说，这是几款新产品的推出，包括iPhone 13系列。</blockquote></p><p> Amazon previously warned that the second half of 2021 could bring slower growth compared to last year because more people were returning to in-person shopping versus online ordering as vaccines rolled out. And things don't appear to be looking up just yet. Amazon is now projecting much slower-than-usual growth for the final three months of the year.</p><p><blockquote>亚马逊此前警告称，与去年相比，2021年下半年的增长可能会放缓，因为随着疫苗的推出，越来越多的人回归面对面购物而不是在线订购。事情似乎还没有好转。亚马逊目前预计今年最后三个月的增长将比平时慢得多。</blockquote></p><p> Apple declined to provide revenue guidance for the December quarter, \"given the continued uncertainty around the world in the near term,\" CFO Luca Maestri said during the company's earnings call Thursday. \"We estimate the impact from supply constraints will be larger during the December quarter. Despite this challenge, we are seeing high demand for our products,\" he said.</p><p><blockquote>苹果首席财务官卢卡·马埃斯特里(Luca Maestri)在周四的公司财报看涨期权上表示，“鉴于短期内全球持续存在不确定性”，拒绝提供12月份季度的收入指引。“我们估计，在12月季度，供应限制的影响将会更大。尽管面临这一挑战，但我们看到对我们产品的需求很高，”他说。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/10/28/tech/amazon-apple-earnings-supply-chain/index.html\">CNN</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":{"AMZN":"亚马逊","AAPL":"苹果"},"source_url":"https://edition.cnn.com/2021/10/28/tech/amazon-apple-earnings-supply-chain/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185142327","content_text":"(CNN Business)Even Amazon and Apple are grappling with the global supply chain crunch.\nBoth companies reported revenue results on Thursday that fell short of Wall Street analysts' expectations and warned that supply chain issues could weigh on business in the December quarter.\nAmazon missed Wall Street projections for both sales and profit for the three months ended September 30 — a rare miss for the internet giant. It posted net sales of $110.8 billion, up 15% from the same period a year earlier, but below analyst projections of $111.6 billion. Net income for the quarter decreased from the prior year to $3.2 billion, well short of the $4.6 billion analysts expected.\nAmazon CEO Andy Jassy warned in a statement that, in the upcoming fourth quarter, the company's consumer business expects to incur several billion dollars of additional costs. Those costs, he said, come \"as we manage through labor supply shortages, increased wage costs, global supply chain issues, and increased freight and shipping costs — all while doing whatever it takes to minimize the impact on customers and selling partners this holiday season.\"\nApple posted quarterly sales of $83.4 billion, slightly lower than analysts had anticipated. iPhone sales were lower than analyst forecasts, too, coming in at $38.9 billion.\nIn a conference call with analysts after reporting the results, CEO Tim Cook focused on the fact that Apple managed to post a quarterly sales record despite the supply constraints. \"Demand was very robust,\" he said, but he also noted that \"larger-than-expected supply constraints,\" including silicon shortages and a \"related manufacturing disruption,\" had a $6 billion negative impact on the business.\nAmazon's (AMZN) stock fell as much as 5% and Apple (AAPL) shares fell more than 4% in after-hours trading Thursday.\nSupply chain disruptions and staffing issues caused by the pandemic have escalated in recent months, hitting a wide range of industries. Several retailers, manufacturers and economists have warned that global supply chain constraints will lead to not only fewer discounts during the holidays this year but also result in a potential dearth of products on store shelves.\nApple has built up a sophisticated supply chain over the years for its various hardware products, and Amazon has developed an advanced logistics operation for deliveries. The supply concerns are also dragging into important periods for both companies: for Amazon, the all-important holiday shopping season, and for Apple, the launch of several new products, including its iPhone 13 lineup.\nAmazon previously warned that the second half of 2021 could bring slower growth compared to last year because more people were returning to in-person shopping versus online ordering as vaccines rolled out. And things don't appear to be looking up just yet. Amazon is now projecting much slower-than-usual growth for the final three months of the year.\nApple declined to provide revenue guidance for the December quarter, \"given the continued uncertainty around the world in the near term,\" CFO Luca Maestri said during the company's earnings call Thursday. \"We estimate the impact from supply constraints will be larger during the December quarter. Despite this challenge, we are seeing high demand for our products,\" he said.","news_type":1,"symbols_score_info":{"AMZN":0.9,"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":906,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":870491250,"gmtCreate":1636641109258,"gmtModify":1636641168551,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"I will just continue to hold long term and buymore when it drop.&nbsp;","listText":"I will just continue to hold long term and buymore when it drop.&nbsp;","text":"I will just continue to hold long term and buymore when it drop.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/870491250","repostId":"1198342851","repostType":4,"isVote":1,"tweetType":1,"viewCount":2303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875120849,"gmtCreate":1637626367914,"gmtModify":1637626367971,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"Hope it is real rebound for second wave!&nbsp;","listText":"Hope it is real rebound for second wave!&nbsp;","text":"Hope it is real rebound for second wave!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875120849","repostId":"1170837254","repostType":4,"repost":{"id":"1170837254","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":1637594462,"share":"https://www.laohu8.com/m/news/1170837254?lang=zh_CN&edition=full","pubTime":"2021-11-22 23:21","market":"us","language":"en","title":"NIO shares rose more than 10% in early trading<blockquote>蔚来股价早盘涨超10%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170837254","media":"Tiger Newspress","summary":"NIO shares rose more than 10% in early trading.Nio Inc plans to begin taking bookings for its electric sedan ET7 from mid-January onwards, cnEVportreported, citing the team working on the model.The ET7 is the fourth vehicle to go on sale from Nio’s lineup of electric vehicles.Nio launched the flagship sedan ET7 in January at the company’s annual day, complete with its second-generation electric drive system, and it is expected to compete with Tesla Inc’s Model S sedan.","content":"<p>NIO&nbsp;shares&nbsp;rose&nbsp;more&nbsp;than&nbsp;10%&nbsp;in&nbsp;early&nbsp;trading.<img src=\"https://static.tigerbbs.com/709a7939cec9f7c36227189c8c1eb12f\" tg-width=\"871\" tg-height=\"627\" width=\"100%\" height=\"auto\"><b>Nio Inc</b>&nbsp;plans to begin taking bookings for its electric sedan ET7 from mid-January onwards, cnEVportreported, citing the team working on the model.</p><p><blockquote>蔚来股价早盘涨超10%。<b>蔚来公司</b>据CNEVPortReport报道，该公司计划从1月中旬开始接受电动轿车ET7的预订，并援引该车型开发团队的话说。</blockquote></p><p> The ET7 is the fourth vehicle to go on sale from Nio’s lineup of electric vehicles.</p><p><blockquote>ET7是蔚来电动汽车系列中第四款上市销售的汽车。</blockquote></p><p> Nio launched the flagship sedan ET7 in January at the company’s annual day, complete with its second-generation electric drive system, and it&nbsp;is expected to compete with&nbsp;<b>Tesla Inc’s</b>&nbsp;Model S sedan.</p><p><blockquote>蔚来在1月份的公司年度日上推出了旗舰轿车ET7，配备了第二代电力驱动系统，预计将与<b>特斯拉公司</b>S型轿车。</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>NIO shares rose more than 10% in early trading<blockquote>蔚来股价早盘涨超10%</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\">\nNIO shares rose more than 10% in early trading<blockquote>蔚来股价早盘涨超10%</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 23:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>NIO&nbsp;shares&nbsp;rose&nbsp;more&nbsp;than&nbsp;10%&nbsp;in&nbsp;early&nbsp;trading.<img src=\"https://static.tigerbbs.com/709a7939cec9f7c36227189c8c1eb12f\" tg-width=\"871\" tg-height=\"627\" width=\"100%\" height=\"auto\"><b>Nio Inc</b>&nbsp;plans to begin taking bookings for its electric sedan ET7 from mid-January onwards, cnEVportreported, citing the team working on the model.</p><p><blockquote>蔚来股价早盘涨超10%。<b>蔚来公司</b>据CNEVPortReport报道，该公司计划从1月中旬开始接受电动轿车ET7的预订，并援引该车型开发团队的话说。</blockquote></p><p> The ET7 is the fourth vehicle to go on sale from Nio’s lineup of electric vehicles.</p><p><blockquote>ET7是蔚来电动汽车系列中第四款上市销售的汽车。</blockquote></p><p> Nio launched the flagship sedan ET7 in January at the company’s annual day, complete with its second-generation electric drive system, and it&nbsp;is expected to compete with&nbsp;<b>Tesla Inc’s</b>&nbsp;Model S sedan.</p><p><blockquote>蔚来在1月份的公司年度日上推出了旗舰轿车ET7，配备了第二代电力驱动系统，预计将与<b>特斯拉公司</b>S型轿车。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170837254","content_text":"NIO shares rose more than 10% in early trading.Nio Inc plans to begin taking bookings for its electric sedan ET7 from mid-January onwards, cnEVportreported, citing the team working on the model.\nThe ET7 is the fourth vehicle to go on sale from Nio’s lineup of electric vehicles.\nNio launched the flagship sedan ET7 in January at the company’s annual day, complete with its second-generation electric drive system, and it is expected to compete with Tesla Inc’s Model S sedan.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":4216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":871165262,"gmtCreate":1637038246110,"gmtModify":1637038246162,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"Haha…you sell I buy.&nbsp;","listText":"Haha…you sell I buy.&nbsp;","text":"Haha…you sell I buy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/871165262","repostId":"1116429379","repostType":4,"repost":{"id":"1116429379","kind":"news","pubTimestamp":1637033648,"share":"https://www.laohu8.com/m/news/1116429379?lang=zh_CN&edition=full","pubTime":"2021-11-16 11:34","market":"us","language":"en","title":"Sell AAPL? Why This Expert Sees Apple Stock Dipping 12%<blockquote>出售苹果公司？为什么这位专家认为苹果股价下跌12%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1116429379","media":"Thestreet","summary":"As Apple stock(AAPL) continues to hover around $150 apiece, one of the few skeptics on Wall Street h","content":"<p>As Apple stock(<b>AAPL</b>)&nbsp;continues to hover around $150 apiece, one of the few skeptics on Wall Street has just published his most updated report. In it, he reinforced the idea that AAPL should be worth only $132, suggesting that shares have 12% of downside risk from here.</p><p><blockquote>作为苹果股票(<b>AAPL</b>）继续徘徊在150美元左右，华尔街为数不多的怀疑论者之一刚刚发布了他的最新报告。在其中，他强化了AAPL的价值应该仅为132美元的观点，表明其股价从现在开始有12%的下行风险。</blockquote></p><p> Today, the Apple Maven revisits Bernstein’s Toni Sacconaghi’s mildly bearish case.</p><p><blockquote>今天，这位苹果专家重温了Bernstein的托尼·萨科纳吉(Toni Sacconaghi)温和悲观的观点。</blockquote></p><p> The not-so-bullish case</p><p><blockquote>不那么乐观的情况</blockquote></p><p> Mr. Sacconaghi has been cautious of AAPL since he&nbsp;downgraded&nbsp;the stock to neutral, in February 2018. The timing of his move did not prove to be the best, as Apple shares have climbed a whopping 285% in less than four years against the S&amp;P 500’s 85% gains. However, the analyst has also helped AAPL investors think of the devil’s advocate argument.</p><p><blockquote>自2018年2月将AAPL股票评级下调至中性以来，萨科纳吉先生一直对该股持谨慎态度。事实证明，他此举的时机并不是最好的，因为苹果股价在不到四年的时间里上涨了285%，而标普500的涨幅为85%。然而，这位分析师也帮助苹果公司投资者思考了魔鬼代言人的论点。</blockquote></p><p> In August, I&nbsp;reviewed Bernstein’s thesis&nbsp;in more detail. For the short term, the bank’s research team was concerned that Apple stock had climbed too fast in the first half of the year, ahead of a set of earnings seasons in which Apple would face tough comps.</p><p><blockquote>8月，我更详细地回顾了伯恩斯坦的论文。短期而言，该银行的研究团队担心苹果股价在今年上半年上涨过快，而苹果将在一系列财报季中面临严峻的竞争。</blockquote></p><p> Also, Toni has mentioned valuations as a key risk. While he believes that AAPL should be valued at a higher multiple than the S&amp;P 500, the analyst questions how much is too much. Bernstein’s target P/E of 25 times is one to two turns lower than where the multiple is today.</p><p><blockquote>此外，托尼提到估值是一个关键风险。虽然他认为苹果公司的估值应该高于标普500，但分析师质疑多少才算过高。伯恩斯坦的目标市盈率为25倍，比目前的市盈率低一到两倍。</blockquote></p><p> Add App Store to the list</p><p><blockquote>将App Store添加到列表</blockquote></p><p> Now, the analyst has&nbsp;added&nbsp;one item to the list of worries: the App Store. Sacconaghi pointed out that a recent court loss will likely mean that payments will be allowed to be made outside the App Store platform in the US, starting as early as next month.</p><p><blockquote>现在，这位分析师在担忧清单上增加了一项：应用商店。萨科纳吉指出，最近的法庭败诉可能意味着最早从下个月开始，美国将允许在App Store平台之外进行支付。</blockquote></p><p> Bernstein’s expert has done the math. He estimates that nearly one-third of App Store revenues come from the United States. If the App Store accounts for 6% and 15% of total company sales and op profits, respectively, the payment issue could impact 2% of Apple’s revenues and 5% of op profits per year.</p><p><blockquote>伯恩斯坦的专家已经计算过了。他估计，App Store近三分之一的收入来自美国。如果App Store分别占公司总销售额和op利润的6%和15%，那么支付问题可能会影响苹果每年2%的收入和5%的op利润。</blockquote></p><p> Apple Maven’s take</p><p><blockquote>苹果·梅文的看法</blockquote></p><p> Regarding Toni’s earlier concerns, I believe that the risks have decreased substantially since AAPL peaked, in early September. Since then, investors have had time to fully embrace the more challenging late 2021-to-early 2022 period of tough comps and supply chain constraints.As I mentioned not long ago, valuations have de-risked to more reasonable levels.</p><p><blockquote>关于托尼之前的担忧，我认为自AAPL于9月初见顶以来，风险已大幅降低。从那时起，投资者有时间充分迎接2021年底至2022年初更具挑战性的艰难竞争和供应链限制时期。正如我不久前提到的，估值已经降低到更合理的水平。</blockquote></p><p> Regarding the App Store, I have slowly&nbsp;shifted from more to less concerned&nbsp;about the financial impact. Morgan Stanley’s Katy Huberty has argued that App Store policy changes could shave a maximum of 1% or 2% of Apple’s EPS, which is not much at all.</p><p><blockquote>关于App Store，我已经慢慢地从更关心财务影响转向不太关心。Morgan Stanley的Katy Huberty认为，应用商店政策的变化最多可能会使苹果的每股收益减少1%或2%，这并不多。</blockquote></p><p> Even Sacconaghi’s estimates of the financial risk only represents the worst-case scenario. In reality, much less than 2% of Apple’s revenues and 5% of op profits will likely end up being cut as a result of the App Store’s payment changes, as many users will continue to choose Apple as their payment platform of choice.</p><p><blockquote>即使是萨科纳吉对金融风险的估计也只代表了最坏的情况。事实上，由于App Store的支付变化，苹果收入的2%和运营利润的5%可能最终会被削减，因为许多用户将继续选择苹果作为他们的首选支付平台。</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>Sell AAPL? Why This Expert Sees Apple Stock Dipping 12%<blockquote>出售苹果公司？为什么这位专家认为苹果股价下跌12%</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\">\nSell AAPL? Why This Expert Sees Apple Stock Dipping 12%<blockquote>出售苹果公司？为什么这位专家认为苹果股价下跌12%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-11-16 11:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As Apple stock(<b>AAPL</b>)&nbsp;continues to hover around $150 apiece, one of the few skeptics on Wall Street has just published his most updated report. In it, he reinforced the idea that AAPL should be worth only $132, suggesting that shares have 12% of downside risk from here.</p><p><blockquote>作为苹果股票(<b>AAPL</b>）继续徘徊在150美元左右，华尔街为数不多的怀疑论者之一刚刚发布了他的最新报告。在其中，他强化了AAPL的价值应该仅为132美元的观点，表明其股价从现在开始有12%的下行风险。</blockquote></p><p> Today, the Apple Maven revisits Bernstein’s Toni Sacconaghi’s mildly bearish case.</p><p><blockquote>今天，这位苹果专家重温了Bernstein的托尼·萨科纳吉(Toni Sacconaghi)温和悲观的观点。</blockquote></p><p> The not-so-bullish case</p><p><blockquote>不那么乐观的情况</blockquote></p><p> Mr. Sacconaghi has been cautious of AAPL since he&nbsp;downgraded&nbsp;the stock to neutral, in February 2018. The timing of his move did not prove to be the best, as Apple shares have climbed a whopping 285% in less than four years against the S&amp;P 500’s 85% gains. However, the analyst has also helped AAPL investors think of the devil’s advocate argument.</p><p><blockquote>自2018年2月将AAPL股票评级下调至中性以来，萨科纳吉先生一直对该股持谨慎态度。事实证明，他此举的时机并不是最好的，因为苹果股价在不到四年的时间里上涨了285%，而标普500的涨幅为85%。然而，这位分析师也帮助苹果公司投资者思考了魔鬼代言人的论点。</blockquote></p><p> In August, I&nbsp;reviewed Bernstein’s thesis&nbsp;in more detail. For the short term, the bank’s research team was concerned that Apple stock had climbed too fast in the first half of the year, ahead of a set of earnings seasons in which Apple would face tough comps.</p><p><blockquote>8月，我更详细地回顾了伯恩斯坦的论文。短期而言，该银行的研究团队担心苹果股价在今年上半年上涨过快，而苹果将在一系列财报季中面临严峻的竞争。</blockquote></p><p> Also, Toni has mentioned valuations as a key risk. While he believes that AAPL should be valued at a higher multiple than the S&amp;P 500, the analyst questions how much is too much. Bernstein’s target P/E of 25 times is one to two turns lower than where the multiple is today.</p><p><blockquote>此外，托尼提到估值是一个关键风险。虽然他认为苹果公司的估值应该高于标普500，但分析师质疑多少才算过高。伯恩斯坦的目标市盈率为25倍，比目前的市盈率低一到两倍。</blockquote></p><p> Add App Store to the list</p><p><blockquote>将App Store添加到列表</blockquote></p><p> Now, the analyst has&nbsp;added&nbsp;one item to the list of worries: the App Store. Sacconaghi pointed out that a recent court loss will likely mean that payments will be allowed to be made outside the App Store platform in the US, starting as early as next month.</p><p><blockquote>现在，这位分析师在担忧清单上增加了一项：应用商店。萨科纳吉指出，最近的法庭败诉可能意味着最早从下个月开始，美国将允许在App Store平台之外进行支付。</blockquote></p><p> Bernstein’s expert has done the math. He estimates that nearly one-third of App Store revenues come from the United States. If the App Store accounts for 6% and 15% of total company sales and op profits, respectively, the payment issue could impact 2% of Apple’s revenues and 5% of op profits per year.</p><p><blockquote>伯恩斯坦的专家已经计算过了。他估计，App Store近三分之一的收入来自美国。如果App Store分别占公司总销售额和op利润的6%和15%，那么支付问题可能会影响苹果每年2%的收入和5%的op利润。</blockquote></p><p> Apple Maven’s take</p><p><blockquote>苹果·梅文的看法</blockquote></p><p> Regarding Toni’s earlier concerns, I believe that the risks have decreased substantially since AAPL peaked, in early September. Since then, investors have had time to fully embrace the more challenging late 2021-to-early 2022 period of tough comps and supply chain constraints.As I mentioned not long ago, valuations have de-risked to more reasonable levels.</p><p><blockquote>关于托尼之前的担忧，我认为自AAPL于9月初见顶以来，风险已大幅降低。从那时起，投资者有时间充分迎接2021年底至2022年初更具挑战性的艰难竞争和供应链限制时期。正如我不久前提到的，估值已经降低到更合理的水平。</blockquote></p><p> Regarding the App Store, I have slowly&nbsp;shifted from more to less concerned&nbsp;about the financial impact. Morgan Stanley’s Katy Huberty has argued that App Store policy changes could shave a maximum of 1% or 2% of Apple’s EPS, which is not much at all.</p><p><blockquote>关于App Store，我已经慢慢地从更关心财务影响转向不太关心。Morgan Stanley的Katy Huberty认为，应用商店政策的变化最多可能会使苹果的每股收益减少1%或2%，这并不多。</blockquote></p><p> Even Sacconaghi’s estimates of the financial risk only represents the worst-case scenario. In reality, much less than 2% of Apple’s revenues and 5% of op profits will likely end up being cut as a result of the App Store’s payment changes, as many users will continue to choose Apple as their payment platform of choice.</p><p><blockquote>即使是萨科纳吉对金融风险的估计也只代表了最坏的情况。事实上，由于App Store的支付变化，苹果收入的2%和运营利润的5%可能最终会被削减，因为许多用户将继续选择苹果作为他们的首选支付平台。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/apple/stock/sell-aapl-why-this-expert-sees-apple-stock-dipping-12\">Thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/sell-aapl-why-this-expert-sees-apple-stock-dipping-12","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116429379","content_text":"As Apple stock(AAPL) continues to hover around $150 apiece, one of the few skeptics on Wall Street has just published his most updated report. In it, he reinforced the idea that AAPL should be worth only $132, suggesting that shares have 12% of downside risk from here.\nToday, the Apple Maven revisits Bernstein’s Toni Sacconaghi’s mildly bearish case.\nThe not-so-bullish case\nMr. Sacconaghi has been cautious of AAPL since he downgraded the stock to neutral, in February 2018. The timing of his move did not prove to be the best, as Apple shares have climbed a whopping 285% in less than four years against the S&P 500’s 85% gains. However, the analyst has also helped AAPL investors think of the devil’s advocate argument.\nIn August, I reviewed Bernstein’s thesis in more detail. For the short term, the bank’s research team was concerned that Apple stock had climbed too fast in the first half of the year, ahead of a set of earnings seasons in which Apple would face tough comps.\nAlso, Toni has mentioned valuations as a key risk. While he believes that AAPL should be valued at a higher multiple than the S&P 500, the analyst questions how much is too much. Bernstein’s target P/E of 25 times is one to two turns lower than where the multiple is today.\nAdd App Store to the list\nNow, the analyst has added one item to the list of worries: the App Store. Sacconaghi pointed out that a recent court loss will likely mean that payments will be allowed to be made outside the App Store platform in the US, starting as early as next month.\nBernstein’s expert has done the math. He estimates that nearly one-third of App Store revenues come from the United States. If the App Store accounts for 6% and 15% of total company sales and op profits, respectively, the payment issue could impact 2% of Apple’s revenues and 5% of op profits per year.\nApple Maven’s take\nRegarding Toni’s earlier concerns, I believe that the risks have decreased substantially since AAPL peaked, in early September. Since then, investors have had time to fully embrace the more challenging late 2021-to-early 2022 period of tough comps and supply chain constraints.As I mentioned not long ago, valuations have de-risked to more reasonable levels.\nRegarding the App Store, I have slowly shifted from more to less concerned about the financial impact. Morgan Stanley’s Katy Huberty has argued that App Store policy changes could shave a maximum of 1% or 2% of Apple’s EPS, which is not much at all.\nEven Sacconaghi’s estimates of the financial risk only represents the worst-case scenario. In reality, much less than 2% of Apple’s revenues and 5% of op profits will likely end up being cut as a result of the App Store’s payment changes, as many users will continue to choose Apple as their payment platform of choice.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":870466301,"gmtCreate":1636642658846,"gmtModify":1636642658970,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>I will hold you tight for 5 years!&nbsp;","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>I will hold you tight for 5 years!&nbsp;","text":"$Palantir Technologies Inc.(PLTR)$I will hold you tight for 5 years!","images":[{"img":"https://static.tigerbbs.com/f7f16abaaff145d3238403c18429acf6","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/870466301","isVote":1,"tweetType":1,"viewCount":2717,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":844094419,"gmtCreate":1636375568734,"gmtModify":1636375589065,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OPEN\">$Opendoor Technologies Inc(OPEN)$</a>Are you ready? Coming soon. Just be patient.&nbsp;Disclaimer : This is my personal opinion and do not constitute In&nbsp;investment suggestion. You are responsible at your own&nbsp;Investment risk!&nbsp;","listText":"<a href=\"https://laohu8.com/S/OPEN\">$Opendoor Technologies Inc(OPEN)$</a>Are you ready? Coming soon. Just be patient.&nbsp;Disclaimer : This is my personal opinion and do not constitute In&nbsp;investment suggestion. You are responsible at your own&nbsp;Investment risk!&nbsp;","text":"$Opendoor Technologies Inc(OPEN)$Are you ready? Coming soon. Just be patient. Disclaimer : This is my personal opinion and do not constitute In investment suggestion. You are responsible at your own Investment risk!","images":[{"img":"https://static.tigerbbs.com/5f52fba6b96eaa4ce72c8e7f541a7856","width":"1125","height":"4569"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/844094419","isVote":1,"tweetType":1,"viewCount":1612,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":857011019,"gmtCreate":1635494163962,"gmtModify":1635494164075,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"Depending on what the investor is looking for!&nbsp;","listText":"Depending on what the investor is looking for!&nbsp;","text":"Depending on what the investor is looking for!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/857011019","repostId":"1122237204","repostType":4,"repost":{"id":"1122237204","kind":"news","pubTimestamp":1635476471,"share":"https://www.laohu8.com/m/news/1122237204?lang=zh_CN&edition=full","pubTime":"2021-10-29 11:01","market":"us","language":"en","title":"Intel, Nvidia, Or AMD: Which Chip Stock Is The Better Buy?<blockquote>英特尔、英伟达或AMD：哪只芯片股票更值得购买？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122237204","media":"Seeking Alpha","summary":"Summary\n\nIntel reported a set of earnings that was pretty decent. However, the market was confused w","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>Intel reported a set of earnings that was pretty decent. However, the market was confused with its ambitious growth plans.</li>  <li>Advanced Micro Devices continues its run of phenomenal results in FY21. Dr. Lisa Su &amp; Co. is making the most out of Intel's stumbles.</li>  <li>Nvidia will issue its FQ3 report card on 17 November. The company's growth momentum is expected to continue slowing down.</li>  <li>We discuss which semiconductor stock is the better buy now.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c8b907cc53a6667f686b7acaf873b0a\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>英特尔公布了一系列相当不错的收益。然而，市场对其雄心勃勃的增长计划感到困惑。</li><li>Advanced Micro Devices在2021财年继续取得惊人的业绩。苏丽莎博士公司正在充分利用英特尔的失误。</li><li>英伟达将于11月17日发布第三季度成绩单。预计公司增长势头将继续放缓。</li><li>我们讨论现在购买哪只半导体股票更好。</li></ul><p class=\"t-img-caption\"><span>杂项摄影/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Advanced Micro Devices, Inc. (AMD) issued a fantastic FQ3 report card recently. The company also handily beat consensus estimates and reaffirmed AMD's position as one of the leading semiconductor companies.</p><p><blockquote>超微设备公司（AMD）最近发布了一份精彩的第三季度成绩单。该公司还轻松超出了市场普遍预期，并重申了AMD作为领先半导体公司之一的地位。</blockquote></p><p> Notably, the company made gains while Intel (INTC) reported a set of results that we thought were actually pretty fine. There were some concerns over underwhelming data center performance, but it was expected. However, the market didn't like what Pat Gelsinger &amp; Co. telegraphed and thrashed the stock after earnings. Intel communicated what it would cost on its quest to retake its process node leadership. However, it seems that investors weren't sure about the company's ambitious plans. Coupled with weakened profitability and free cash flow prospects, some value-oriented investors seemed to have headed for the exit.</p><p><blockquote>值得注意的是，该公司取得了收益，而英特尔（INTC）报告了一系列我们认为实际上相当不错的业绩。人们对数据中心性能不佳存在一些担忧，但这是意料之中的。然而，市场并不喜欢帕特·基辛格公司(Pat Gelsinger&amp;Co.)的电报，并在财报公布后大幅下跌该股。英特尔传达了重新夺回其工艺节点领导地位的成本。然而，投资者似乎并不确定该公司雄心勃勃的计划。再加上盈利能力和自由现金流前景减弱，一些价值导向型投资者似乎已走向退出。</blockquote></p><p> Nvidia (NVDA) will issue its FQ3 report card on 17 November. The company had previously guided for a strong quarter. Jensen Huang &amp; Co. see \"sequential growth&nbsp;driven largely by accelerating demand in data center.\" The company also expects growth in each of its three markets, particularly in gaming. Investors' expectations are also high given AMD's robust performance. Hence, investors have eagerly anticipated NVDA's earnings release as NVDA stock pushed through a new all-time high (ATH) this week.</p><p><blockquote>Nvidia(NVDA)将于11月17日发布第三季度成绩单。该公司此前曾预计本季度业绩强劲。黄仁勋公司请参阅“环比增长主要是由数据中心需求加速推动的”。该公司还预计其三个市场都将增长，尤其是在游戏领域。鉴于AMD强劲的业绩，投资者的期望也很高。因此，随着NVDA股价本周创下历史新高（ATH），投资者热切期待NVDA的财报发布。</blockquote></p><p> We will discuss which semiconductor stock is the better buy now between them.</p><p><blockquote>我们将讨论他们之间现在购买哪只半导体股票更好。</blockquote></p><p> <b>INTC, NVDA, AMD Stock YTD Performance</b></p><p><blockquote><b>INTC、NVDA、AMD股票年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc276e3bd3b1b72a0413e8be2d14ebe3\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>INTC, NVDA, AMD stock YTD performance (as of 27 October 21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>INTC、NVDA、AMD股票年初至今表现（截至21年10月27日）。</span></p></blockquote></p><p> NVDA stock continues to enjoy a phenomenal year so far. The stock made a new ATH this week, as YTD returns surged to 87.3%. Bearish investors in NVDA can say all they want, but we have never adopted a bearish NVDA stock thesis. It just doesn't make sense. The stock has the best possible A+ in Seeking Alpha's momentum grade for the whole year. Hence, we really couldn't understand those bearish theses. AMD stock is in second place with a 33.3% YTD gain. It seems like the stock has lagged far behind NVDA stock's incredible performance. However, investors should consider the fact that AMD stock spent most of H1'21 in the red. Therefore, its huge momentum surge in H2'21 has been really impressive. Consequently, the stock's momentum is also given an A grade in Seeking Alpha.</p><p><blockquote>迄今为止，NVDA股票继续享受非凡的一年。该股本周创下新的ATH，年初至今回报率飙升至87.3%。看跌NVDA的投资者可以随心所欲地说，但我们从未采纳看跌NVDA股票的论点。这根本说不通。该股在Seeking Alpha全年动量评级中获得了最好的A+。因此，我们真的无法理解那些看跌的论点。AMD股票排名第二，年初至今上涨33.3%。该股似乎远远落后于NVDA股票令人难以置信的表现。然而，投资者应该考虑这样一个事实：AMD股票在21年上半年的大部分时间里都处于亏损状态。因此，其在H2'21的巨大势头确实令人印象深刻。因此，该股的势头在Seeking Alpha中也被评为A级。</blockquote></p><p> In contrast, the perennial underperformer INTC stock continues to underperform. The stock started very brightly as it raced to a 40% YTD gain. However, its momentum has completely fizzled out. Currently, its YTD decline of 3.9% looks abysmal when compared to AMD stock and NVDA stock. In addition, Seeking Alpha also assigned it with a D+ rating in momentum.</p><p><blockquote>相比之下，长期表现不佳的INTC股票继续表现不佳。该股开局非常亮眼，年初至今上涨了40%。然而，它的势头已经完全消失了。目前，与AMD股票和NVDA股票相比，其年初至今下跌了3.9%，看起来糟透了。此外，Seeking Alpha还给予其动力D+评级。</blockquote></p><p> <b>Intel FQ3 Report Card Is Telling Of Its Weakening Leadership</b></p><p><blockquote><b>英特尔第三季度成绩单表明其领导力正在减弱</b></blockquote></p><p> There's little doubt that AMD has made the most of its recent dominance over Intel. However, what's more concerning to Intel investors, and likewise encouraging to AMD investors, is the clarity provided by their respective CEOs.</p><p><blockquote>毫无疑问，AMD充分利用了最近对英特尔的主导地位。然而，更令英特尔投资者担忧、同样令AMD投资者感到鼓舞的是他们各自首席执行官提供的明确性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f910460f850f7c0c3bd3508e0812fa7b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Intel LTM revenue by segment. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>英特尔LTM按细分市场划分的收入。数据来源：公司备案</span></p></blockquote></p><p> Intel reported another underwhelming quarter, but we don't think it was unexpected. Sure, the company's data center business (DCG) continues to disappoint compared to NVDA and AMD. However, INTC investors shouldn't be surprised.</p><p><blockquote>英特尔报告了另一个令人印象深刻的季度，但我们认为这并不意外。当然，与NVDA和AMD相比，该公司的数据中心业务(DCG)仍然令人失望。然而，INTC投资者不应该感到惊讶。</blockquote></p><p></p><p> DCG quarterly revenue YoY growth came in at 10% in FQ3. However, DCG revenue has been on a declining trend on a last-twelve-months (LTM) basis since FQ2'20.In a recent AMD article, we mentioned that Omdia estimated that AMD's data center share crossed 15% in Q2'21 for the first time in history. In retrospect, Intel had almost complete dominance in this segment just four years ago. It clearly shows how the critical stumbles from its former management have derailed its previously \"unassailable\" leadership. Now, Gelsinger &amp; Co. are left with the unenviable task of trying to overturn Intel's sinking fortunes. With AMD having assumed the technological leadership at the expense of Intel, it certainly looks like an \"easy bet\" which the company will likely continue to outperform.</p><p><blockquote>第三季度DCG季度收入同比增长10%。然而，自20年第二季度以来，DCG收入在过去12个月(LTM)中一直呈下降趋势。在AMD最近的一篇文章中，我们提到Omdia估计AMD的数据中心份额在21年第二季度历史上首次突破15%。回想起来，就在四年前，英特尔在这一领域几乎完全占据主导地位。它清楚地表明，其前管理层的重大失误是如何破坏其先前“无懈可击”的领导地位的。现在，基辛格公司面临着一项不值得羡慕的任务，那就是试图扭转英特尔不断下滑的命运。随着AMD以牺牲英特尔为代价占据技术领先地位，这看起来肯定是一个“轻松的赌注”，该公司可能会继续跑赢大盘。</blockquote></p><p> Intel's client computing group's (CCG) performance was underwhelming in FQ3. Its revenue fell by 1.9% YoY and 4.4% QoQ, respectively. Notably, it came at a time when 2021 saw a strong resurgence in PC sales.In a recent Apple(AAPL) article, we mentioned that Apple's Mac segment had performed very well in 2021. In just the first three FQs, Mac has exceeded its revenue on a per FY basis over the last three years. Its resurgence is also in line with the trend observed in the industry.</p><p><blockquote>英特尔客户端计算部门（CCG）在第三季度的业绩表现不佳。其收入分别同比下降1.9%和环比下降4.4%。值得注意的是，这发生在2021年PC销量强劲复苏之际。在苹果(AAPL)最近的一篇文章中，我们提到苹果的Mac部门在2021年表现非常出色。仅在前三个FQ中，Mac就超过了过去三年每个财年的收入。它的复兴也符合业内观察到的趋势。</blockquote></p><p> Counterpoint Research noted that \"global PC shipments marked their sixth consecutive YoY growth in Q3 2021&nbsp;at 84.2 million units. This came despite the ongoing component shortages and other supply constraints.\" Despite that, the firm also emphasized that \"the 9.3% YoY growth during [Q3] implied decelerating PC shipment momentum after four consecutive quarters of double-digit YoY growth since Q3 2020.\"</p><p><blockquote>Counterpoint Research指出，“2021年第三季度，全球PC出货量连续第六次同比增长，达到8420万台。尽管零部件短缺和其他供应限制持续存在，但这一情况还是出现了。”尽管如此，该公司还强调，“[第三季度]9.3%的同比增长意味着自2020年第三季度以来连续四个季度实现两位数同比增长后，PC出货量势头正在放缓。”</blockquote></p><p> Notwithstanding, Mac seems to have picked up strongly in CQ3. IDC reported that&nbsp;Apple's YoY shipment growth in CQ2&nbsp;was 9.4%. Moreover, Counterpoint research pointed out that Mac YoY shipment growth accelerated to 10.6% in CQ3. Hence, it's interesting to note that Mac grew even faster than the industry average in CQ3. As a result, Mac's global market share grew to 8.7%.</p><p><blockquote>尽管如此，Mac似乎在第三季度表现强劲。IDC报告称，苹果第二季度出货量同比增长9.4%。此外，Counterpoint research指出，第三季度Mac同比出货量增长加速至10.6%。因此，有趣的是，Mac在第三季度的增长速度甚至超过了行业平均水平。因此，Mac的全球市场份额增长至8.7%。</blockquote></p><p> Therefore, it seems like Apple has been doing very well since it decoupled from Intel's chips. Even though Gelsinger remains optimistic about winning back Apple's business through \"better products\" in the future, the divorce looks to be \"finalized\" for now. But investors in semiconductor companies should remember that never say never when it comes to technological leadership. Intel is still a highly profitable company and therefore has the wherewithal and conviction to compete. Whether it can overturn AMD's and NVDA's leadership remains to be seen. But never write the company off so early on.</p><p><blockquote>因此，自与英特尔芯片脱钩以来，苹果似乎一直做得很好。尽管基辛格对未来通过“更好的产品”赢回苹果的业务仍然持乐观态度，但离婚案目前看起来已经“敲定”。但半导体公司的投资者应该记住，在技术领先方面，永远不要说永远。英特尔仍然是一家高利润的公司，因此拥有竞争所需的资金和信念。能否推翻AMD和NVDA的领先地位，还有待观察。但永远不要这么早就放弃公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c622b359fd3a73cac53c0e4410177c3\" tg-width=\"640\" tg-height=\"275\" referrerpolicy=\"no-referrer\"><span>INTC and AMD LTM gross margins. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>INTC和AMD LTM毛利率。数据来源：标普资本智商</span></p></blockquote></p><p> Pat Gelsinger has telegraphed a highly ambitious plan to assume technological leadership. It's mainly predicated on its \"five process nodes in four years\" quest to assume foundry leadership from Taiwan Semiconductor (TSM). In addition, the company is also willing to \"reset\" its gross margins to compete with AMD and NVDA at the same time. Outgoing CFO George Davis emphasized:</p><p><blockquote>帕特·基辛格(Pat Gelsinger)宣布了一项雄心勃勃的计划，以承担技术领先地位。这主要是基于其“四年内实现五个工艺节点”的追求，以取代台积电（TSM）的代工领导地位。此外，该公司还愿意“重置”毛利率，与AMD和NVDA同时竞争。即将离任的首席财务官乔治·戴维斯强调：</blockquote></p><p>   <i>We expect to see our revenue growth accelerate to a 10% to 12% CAGR over the next 4 to 5 years</i>. For gross margin, with the impact of our investment in capacity and the acceleration of our process technology,   <i>we expect gross margins between 51% and 53% over the next 2 to 3 years</i>before moving upward. (from Intel Q3 earnings call)  We find it interesting. Yes, the investments for process leadership and capacity expansion will affect its profitability. But Intel recognizes that it's at least a five-year process. At this time, is the company going to let Dr. Lisa Su &amp; Co. take all the glory while Intel works out its troubles? Obviously not. Pat recognizes that he needs a stop-gap solution. Short of saying \"we are cutting prices now\" to compete with AMD, this is as close as it gets.</p><p><blockquote><i>我们预计未来4至5年我们的收入增长将加速至10%至12%的复合年增长率</i>就毛利率而言，受我们产能投资及工艺技术加速的影响，<i>我们预计未来2至3年毛利率将在51%至53%之间</i>在向上移动之前。（来自英特尔第三季度看涨期权收益）我们觉得这很有趣。是的，流程领先和产能扩张的投资将影响其盈利能力。但英特尔认识到这至少需要五年的时间。这个时候，公司是不是要让苏姿丰博士（Dr.Lisa Su&amp;Co.）拿走所有的荣耀，而英特尔则解决它的麻烦？显然不是。帕特认识到他需要一个权宜之计。除了说“我们现在正在降价”来与AMD竞争之外，这已经是最接近的了。</blockquote></p><p> We also highlighted in our previous AMD article (published on 20 September) that \"Intel is recently reported to be ready to lower the prices for its data center chips. The move was deemed necessary \"to lure back data center operators&nbsp;that have switched to rival Advanced Micro Devices.\" Otherwise, how can Gelsinger &amp; Co. be so confident in stopping the rot from AMD's continued success? Intel has telegraphed a highly ambitious plan to increase revenue by a CAGR of 10% to 12% over the next four to five years. Intel is trying to transform itself back into a growth company. If you want to grow and don't have technological leadership, you must give up some profits. That makes absolute sense.</p><p><blockquote>我们还在之前的AMD文章（9月20日发布）中强调，“据报道，英特尔最近准备降低其数据中心芯片的价格。此举被认为是必要的”，以吸引已转向竞争对手Advanced Micro Devices的数据中心运营商。”否则，基辛格公司怎么能如此自信地阻止AMD持续成功的颓势呢？英特尔宣布了一项雄心勃勃的计划，在未来四到五年内将收入以10%到12%的复合年增长率增长。英特尔正试图将自己变回一家成长型公司。如果你想增长，没有技术领先，你必须放弃一些利润。这完全有道理。</blockquote></p><p></p><p> The good thing is, Intel is already a highly profitable company. Its gross margins had declined markedly from the days when it posted margins north of 60%. However, its LTM margin of 56.3% is still significantly higher than AMD's 46.8%. Therefore, Intel's plans are credible. The company will now go head-on to compete with AMD in pricing while investing in assuming foundry leadership. Dr. Lisa Su &amp; Co., you have been cautioned.</p><p><blockquote>好的一面是，英特尔已经是一家高利润的公司。其毛利率较利润率超过60%时明显下降。不过，其56.3%的LTM利润率仍明显高于AMD的46.8%。因此，英特尔的计划是可信的。该公司现在将在定价上与AMD正面竞争，同时投资占据代工领导地位。苏丽莎博士公司，你已经被警告了。</blockquote></p><p> <b>AMD Continues Its Gangbusters Growth</b></p><p><blockquote><b>AMD继续强劲增长</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fb460f1a24eeac1ff3e46cc0ebd78f3\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>AMD quarterly revenue by segment. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD按部门划分的季度收入。数据来源：公司备案</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d5df5298fbc9733b0c0a8b1110c401ba\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>AMD revenue segments YoY growth. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD收入部门同比增长。数据来源：公司备案</span></p></blockquote></p><p> There's little doubt that Dr. Lisa Su &amp; Co. have made the most of Intel's absolute mess. The company has been firing on all cylinders as it outperformed estimates easily. It continues to report tremendous strength in all its segments. FQ3 saw Advanced Micro Devices report 43.9% YoY growth in revenue for its computing and graphics business. Moreover, its enterprise, embedded, and semi-custom (EESC) segment continues its phenomenal run as AMD posted YoY revenue growth of 68.9%. Therefore, AMD has certainly made the most of Intel's losses in data center. Moreover, its computing and graphics growth has also been fantastic. AMD has undoubtedly grown much faster than the market.</p><p><blockquote>毫无疑问，Lisa Su&amp;Co.充分利用了英特尔的绝对混乱。该公司一直在全力以赴，因为它的表现轻松超出了预期。它继续在所有领域展现出巨大的实力。Advanced Micro Devices报告第三季度计算和图形业务收入同比增长43.9%。此外，AMD的企业、嵌入式和半定制(EESC)部门继续保持惊人的表现，收入同比增长68.9%。因此，AMD当然充分利用了英特尔在数据中心方面的亏损。此外，它的计算和图形增长也非常出色。AMD的增长速度无疑比市场快得多。</blockquote></p><p> In fact, AMD continues to expect strong sequential growth into FQ4. AMD emphasized:</p><p><blockquote>事实上，AMD继续预计第四季度将实现强劲的环比增长。AMD强调：</blockquote></p><p>   We expect revenue to be approximately $4.5 billion, plus or minus $100 million, an increase of approximately   <i>39% year-over-year and approximately 4% sequentially</i>. The year-over-year increase is expected to be driven by growth across all businesses. The quarter-over-quarter increase is expected to be driven by higher server and semi-custom sales. For the full year 2021,   <i>we now expect revenue to increase approximately 65% over 2020, driven by growth across all businesses</i>, up from the prior guidance of 60%. (from AMD FQ3 earnings call)  For a company that tells you that it expects a 65% YoY growth over FY20, it's clear it has achieved phenomenal results. Therefore, the market should reward AMD investors. AMD stock has clearly been outperforming the market after its early-year stumbles.</p><p><blockquote>我们预计营收约为45亿美元，正负1亿美元，增长约<i>同比增长39%，环比增长约4%</i>预计同比增长将受到所有业务增长的推动。预计环比增长将受到服务器和半定制销售额增加的推动。2021年全年，<i>我们现在预计，在所有业务增长的推动下，收入将比2020年增长约65%</i>，高于之前60%的指导。（来自AMD看涨期权第三季度收益）对于一家告诉您预计2020财年同比增长65%的公司来说，很明显它已经取得了惊人的成果。因此，市场应该奖励AMD投资者。AMD股票在经历了年初的跌跌撞撞之后，显然一直跑赢大盘。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af9edf4c4d4b8055eee2f32456b6589d\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\"><span>AMD est. revenue and EBITDA mean consensus. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD东部时间。收入和EBITDA意味着共识。数据来源：标普资本智商</span></p></blockquote></p><p> However, we think investors need to consider how AMD will likely perform moving forward. Following its outstanding FQ3 report card, consensus estimates have also been revised upwards. AMD is estimated to post a revenue CAGR of 30.2% and an EBITDA CAGR of 50.4%. Compared to the company's FY21 revenue YoY growth guidance of 65%, it's a marked deceleration.</p><p><blockquote>然而，我们认为投资者需要考虑AMD未来的表现。继第三季度成绩单出色之后，共识预期也被上调。AMD预计收入复合年增长率为30.2%，EBITDA复合年增长率为50.4%。与该公司2021财年65%的收入同比增长指引相比，这是一个明显的减速。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/970fd9b4cebec404a6c9bcc8c5b18140\" tg-width=\"640\" tg-height=\"312\" referrerpolicy=\"no-referrer\"><span>AMD LTM revenue and EBITDA. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD LTM收入和EBITDA。数据来源：标普资本智商</span></p></blockquote></p><p> Importantly, AMD has also grown its LTM revenue and EBITDA by a CAGR of 31.2% and 160% over the last four years, respectively. Therefore, AMD is unlikely to post such monstrous growth moving forward. As a result, investors need to taper their expectations when considering buying its stock. They can't be expecting AMD to continue growing at such phenomenal growth rates incessantly. We know it sounds good, but it's simply not sustainable.</p><p><blockquote>重要的是，AMD的LTM收入和EBITDA在过去四年中也分别以31.2%和160%的复合年增长率增长。因此，AMD未来不太可能实现如此惊人的增长。因此，投资者在考虑购买其股票时需要降低预期。他们不能指望AMD继续以如此惊人的增长率不断增长。我们知道这听起来不错，但这根本不可持续。</blockquote></p><p> We can also observe from its FQ3 performance. Its segments' YoY growth was the slowest in FQ3'21 compared to the previous two quarters. So it's not slow per se, but the growth seems to be decelerating. Therefore, AMD investors, you have been reminded.</p><p><blockquote>我们也可以从它的FQ3表现中观察到。与前两个季度相比，其细分市场在21年第三季度的同比增长是最慢的。因此，它本身并不慢，但增长似乎正在减速。因此，AMD的投资者们，你们被提醒了。</blockquote></p><p> <b>Nvidia Is Expected To Post Slower Much Growth Than Before</b></p><p><blockquote><b>英伟达的增长预计将比以前慢得多</b></blockquote></p><p> Jensen Huang &amp; Co. will release its FQ3'22 report card on 17 November. Its earnings conferences have often been highly anticipated events in the past. Its investors, PC geeks, and gamers love NVDA.</p><p><blockquote>黄仁勋公司将于11月17日发布22年第三季度成绩单。过去，其财报会议往往是备受期待的活动。它的投资者、PC极客和游戏玩家都喜欢NVDA。</blockquote></p><p> The company guided for $6.8B in FQ3 revenue on its previous earnings call. Consensus estimates are also in line with the company's guidance. However,in our previous Nvidia article, we highlighted that the company's revenue growth seems to be decelerating across its main segments.</p><p><blockquote>该公司在之前的收益看涨期权上预计第三季度收入为$6.8 B。共识估计也符合公司的指引。然而，在我们之前的英伟达文章中，我们强调了该公司主要细分市场的收入增长似乎正在减速。</blockquote></p><p> Datacenter growth fell to 35% YoY in FQ2'22. Moreover, Gaming has also demonstrated signs of deceleration. Its growth in FQ2 also slowed to 85% YoY. As a result, the company's overall revenue growth slowed to 68.3% YoY in FQ2.</p><p><blockquote>22年第二季度数据中心同比增长率降至35%。而且，游戏也出现了减速的迹象。第二季度的同比增长也放缓至85%。因此，该公司第二季度整体收入同比增速放缓至68.3%。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dfa0d4e579274e870b43dadcb6aa0be7\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>NVDA actual and est. quarterly revenue YoY growth. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>NVDA实际和预计。季度收入同比增长。数据来源：标普资本智商</span></p></blockquote></p><p> Notably, even with the recently revised estimates, Nvidia is expected to post slower YoY growth in FQ3'22 and beyond. In fact, the deceleration looks alarming. Investors might have to taper their expectations of NVDA's gangbusters growth momentum moving forward. Nothing goes up in one straight line forever. Moving forward, revenue comps will get increasingly harder for Jensen Huang &amp; Co. to beat.</p><p><blockquote>值得注意的是，即使最近修订了预测，Nvidia预计在22年第三季度及以后的同比增长仍将放缓。事实上，减速看起来令人震惊。投资者可能不得不降低对NVDA未来强劲增长势头的预期。没有什么是永远直线上升的。展望未来，黄仁勋公司的收入竞争将变得越来越难以击败。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0873d94239c63b839b483644a71fe429\" tg-width=\"640\" tg-height=\"483\" referrerpolicy=\"no-referrer\"><span>NVDA earnings beats/misses. Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>NVDA盈利超出/未达到预期。资料来源：寻求Alpha Premium</span></p></blockquote></p><p> Notwithstanding, we recognize that NVDA might also be sandbagging expectations in its guidance. We noted that NVDA has only missed one quarterly estimate in the last four years. It's an almost flawless performance. Notably, while NVDA has consistently outperformed its guidance, those beats were not incredibly massive. What we meant is investors should not totally disregard the consensus estimates as out of line. They have been pretty accurate over time. So while NVDA might have sandbagged its previous guidance to overdeliver potentially, they had not overdone it.</p><p><blockquote>尽管如此，我们认识到NVDA也可能在其指导中降低预期。我们注意到，NVDA在过去四年中只未达到一个季度预期。这是一场近乎完美的表演。值得注意的是，虽然NVDA的表现一直优于其指导，但这些表现并不是令人难以置信的巨大。我们的意思是，投资者不应该完全忽视共识估计，认为这是不合理的。随着时间的推移，它们变得相当准确。因此，尽管NVDA可能已经将之前的指导意见沙袋化，以可能超额交付，但他们并没有做得太过分。</blockquote></p><p> We understand that some NVDA investors are anticipating its TAM expansion into its software stack, omniverse applications, and cloud-gaming expansion.</p><p><blockquote>我们了解到，一些NVDA投资者预计其TAM将扩展到其软件堆栈、omniverse应用程序和云游戏扩展。</blockquote></p><p> We recognize the incredible efforts invested by NVDA to transform itself into an AI company that has a huge GPU dominance. Coupled with its DPU and CPU forays, the hardware strategy looks very impressive. Moreover, Nvidia's AI Enterprise now offers its complete AI enterprise software suite to its customers. With the number of developers on its platform currently, we think its leadership is secure. The ecosystem will get even stronger over time as more developers come on board. If the company could pull through its Arm acquisition, we think there's no way that Intel or AMD could catch up.</p><p><blockquote>我们认识到NVDA为将自己转变为一家拥有巨大GPU主导地位的人工智能公司所付出的令人难以置信的努力。再加上其DPU和CPU的进军，硬件战略看起来非常令人印象深刻。此外，Nvidia的AI Enterprise现在向客户提供完整的AI Enterprise软件套件。鉴于目前其平台上的开发者数量，我们认为其领导地位是稳固的。随着时间的推移，随着更多开发者的加入，生态系统将变得更加强大。如果该公司能够完成对Arm的收购，我们认为英特尔或AMD不可能赶上。</blockquote></p><p> The main problem is that Nvidia couldn't/is not willing to put a timeline to<i>when they would derive meaningful revenues from its software stack.</i>Nvidia could only add recently: \"But as [we] said, what [we] quoted to you for both NVIDIA enterprise as well as for Omniverse enterprise as being multibillion-dollar opportunities, we see these as very real opportunities, right?\"</p><p><blockquote>主要问题是英伟达不能/不愿意设定时间表<i>当他们从其软件堆栈中获得有意义的收入时。</i>Nvidia最近只能补充道：“但正如[我们]所说，[我们]向您引用的NVIDIA enterprise和Omniverse enterprise价值数十亿美元的机会，我们认为这些都是非常真实的机会，对吗？”</blockquote></p><p> <b>So, Which Chip Stock Is The Better Buy?</b></p><p><blockquote><b>那么，哪只芯片股更好买呢？</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/97466fa7c05502ccb3d3fb348c1fbedd\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>AMD stock EV/NTM EBITDA 3Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD股票EV/NTM EBITDA 3年平均值。</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/58c3575f8db9aafef9a106f36114a1b7\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>NVDA stock EV/NTM EBITDA 3Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>NVDA股票EV/NTM EBITDA 3年平均值。</span></p></blockquote></p><p> AMD stock currently trades at an EV/NTM EBITDA of 29.7x. Its 3Y NTM EBITDA mean read 30.8x. Therefore, investors can argue that AMD might seem fairly valued right now. In contrast, NVDA stock trades at an EV/NTM EBITDA of 53.5x. Its 3Y NTM EBITDA mean is 41.6x. Thus, the stock is trading at about 28.6% above its 3Y mean. Hence, we think NVDA stock looks overvalued right now. Coupled with potentially slower revenue growth moving forward, a poor quarter might induce potential value compressions. Otherwise, a potential overcapacity problem in 2023 might also hit NVDA stock hard due to its rich valuation.</p><p><blockquote>AMD股票目前的EV/NTM EBITDA为29.7倍。其3年NTM EBITDA平均值为30.8倍。因此，投资者可以说AMD目前的估值似乎相当合理。相比之下，NVDA股票的EV/NTM EBITDA为53.5倍。其3年NTM EBITDA平均值为41.6倍。因此，该股的交易价格比其3年平均水平高出约28.6%。因此，我们认为NVDA股票目前看起来被高估。再加上未来收入增长可能放缓，糟糕的季度可能会导致潜在的价值压缩。否则，2023年潜在的产能过剩问题也可能因其估值过高而严重打击NVDA股票。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/467ed7eaf7cb4b7aed414494c2110be8\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>INTC stock EV/NTM EBITDA 3Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>INTC股票EV/NTM EBITDA 3年平均值。</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55716ccea92c6410434d2f1ab7d3ef15\" tg-width=\"640\" tg-height=\"265\" referrerpolicy=\"no-referrer\"><span>INTC stock LTM dividend yield. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>INTC股票LTM股息收益率。数据来源：标普资本智商</span></p></blockquote></p><p> INTC stock trades at an EV/NTM EBITDA of 6.7x. It's markedly below its 3Y mean of 7.6x. Therefore, INTC is clearly a value play and not a growth play. It has also provided a respectable dividend yield for its investors over the years. As a result of its recent post-FQ3 sell-off, the annualized yield has recovered to 2.8%. INTC investors have been very comfortable sitting on its robust profitability and its solid dividend yields over the years. These value and dividend income investors don't invest in INTC stock for growth. They invest in it for its value and its dividends.</p><p><blockquote>INTC股票的EV/NTM EBITDA为6.7倍。这明显低于7.6倍的3年平均水平。因此，INTC显然是价值游戏，而不是增长游戏。多年来，它还为投资者提供了可观的股息收益率。由于最近第三季度后的抛售，年化收益率已恢复至2.8%。多年来，INTC投资者一直对其强劲的盈利能力和稳健的股息收益率感到非常满意。这些价值和股息收入投资者投资INTC股票并不是为了增长。他们投资它是为了它的价值和股息。</blockquote></p><p></p><p> Pat Gelsinger's ambitious growth plans have thrown them a curveball that they didn't expect. When Intel communicated that these plans would have a discernible impact on its profitability, they feared for their dividends. Perhaps, Gelsinger is banking on a turnover of its investor base. The company could potentially be a huge winner if it succeeds on its growth roadmap. Given that the expectations are so low now, it doesn't even have to be immensely successful for the stock to be re-rated upwards. The huge difference in the growth premium between INTC and its faster growth peers is eye-catching. We think investors who have patience and are willing to ride out the short-term volatility might find INTC stock attractively valued right now. Coupled with a 2.8% dividend yield, it adds more gloss to its premise. Adding on a potential growth re-rating, the stock certainly looks attractive.</p><p><blockquote>帕特·基辛格(Pat Gelsinger)雄心勃勃的增长计划给他们带来了意想不到的麻烦。当英特尔表示这些计划将对其盈利能力产生明显影响时，他们担心股息。也许，基辛格寄希望于其投资者基础的更替。如果该公司在增长路线图上取得成功，它可能会成为巨大的赢家。鉴于现在的预期如此之低，该股甚至不一定要取得巨大成功才能重新上调评级。INTC与增长更快的同行之间增长溢价的巨大差异引人注目。我们认为，有耐心并愿意度过短期波动的投资者可能会发现INTC股票目前的估值很有吸引力。再加上2.8%的股息收益率，为其前提增添了更多光彩。再加上潜在的增长重新评级，该股看起来确实很有吸引力。</blockquote></p><p> Despite that, INTC's long-term momentum has remained weak. The stock's long-term price action has also been much weaker than AMD stock. We recall that Buffett emphasized that he has no qualms about paying a fair price for a fantastic company.</p><p><blockquote>尽管如此，INTC的长期势头仍然疲软。该股的长期价格走势也远弱于AMD股票。我们记得巴菲特强调，他毫不犹豫地为一家出色的公司支付合理的价格。</blockquote></p><p> Therefore, we think&nbsp;<i>AMD stock represents our preferred Buy</i>&nbsp;for now.<i>INTC stock is also a Buy</i>&nbsp;for dividend and value investors. At the same time, we&nbsp;<i>retain our Neutral rating on NVDA</i>.</p><p><blockquote>因此，我们认为<i>AMD股票代表我们优先买入</i>就目前而言。<i>INTC股票也值得买入</i>对于股息和价值投资者。同时，我们<i>维持我们对NVDA的中性评级</i>.</blockquote></p><p> This article was written by&nbsp;JR Research.</p><p><blockquote>本文由JR Research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>Intel, Nvidia, Or AMD: Which Chip Stock Is The Better Buy?<blockquote>英特尔、英伟达或AMD：哪只芯片股票更值得购买？</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\">\nIntel, Nvidia, Or AMD: Which Chip Stock Is The Better Buy?<blockquote>英特尔、英伟达或AMD：哪只芯片股票更值得购买？</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\">2021-10-29 11:01</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>Intel reported a set of earnings that was pretty decent. However, the market was confused with its ambitious growth plans.</li>  <li>Advanced Micro Devices continues its run of phenomenal results in FY21. Dr. Lisa Su &amp; Co. is making the most out of Intel's stumbles.</li>  <li>Nvidia will issue its FQ3 report card on 17 November. The company's growth momentum is expected to continue slowing down.</li>  <li>We discuss which semiconductor stock is the better buy now.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c8b907cc53a6667f686b7acaf873b0a\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>英特尔公布了一系列相当不错的收益。然而，市场对其雄心勃勃的增长计划感到困惑。</li><li>Advanced Micro Devices在2021财年继续取得惊人的业绩。苏丽莎博士公司正在充分利用英特尔的失误。</li><li>英伟达将于11月17日发布第三季度成绩单。预计公司增长势头将继续放缓。</li><li>我们讨论现在购买哪只半导体股票更好。</li></ul><p class=\"t-img-caption\"><span>杂项摄影/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>Investment Thesis</b></p><p><blockquote><b>投资论文</b></blockquote></p><p> Advanced Micro Devices, Inc. (AMD) issued a fantastic FQ3 report card recently. The company also handily beat consensus estimates and reaffirmed AMD's position as one of the leading semiconductor companies.</p><p><blockquote>超微设备公司（AMD）最近发布了一份精彩的第三季度成绩单。该公司还轻松超出了市场普遍预期，并重申了AMD作为领先半导体公司之一的地位。</blockquote></p><p> Notably, the company made gains while Intel (INTC) reported a set of results that we thought were actually pretty fine. There were some concerns over underwhelming data center performance, but it was expected. However, the market didn't like what Pat Gelsinger &amp; Co. telegraphed and thrashed the stock after earnings. Intel communicated what it would cost on its quest to retake its process node leadership. However, it seems that investors weren't sure about the company's ambitious plans. Coupled with weakened profitability and free cash flow prospects, some value-oriented investors seemed to have headed for the exit.</p><p><blockquote>值得注意的是，该公司取得了收益，而英特尔（INTC）报告了一系列我们认为实际上相当不错的业绩。人们对数据中心性能不佳存在一些担忧，但这是意料之中的。然而，市场并不喜欢帕特·基辛格公司(Pat Gelsinger&amp;Co.)的电报，并在财报公布后大幅下跌该股。英特尔传达了重新夺回其工艺节点领导地位的成本。然而，投资者似乎并不确定该公司雄心勃勃的计划。再加上盈利能力和自由现金流前景减弱，一些价值导向型投资者似乎已走向退出。</blockquote></p><p> Nvidia (NVDA) will issue its FQ3 report card on 17 November. The company had previously guided for a strong quarter. Jensen Huang &amp; Co. see \"sequential growth&nbsp;driven largely by accelerating demand in data center.\" The company also expects growth in each of its three markets, particularly in gaming. Investors' expectations are also high given AMD's robust performance. Hence, investors have eagerly anticipated NVDA's earnings release as NVDA stock pushed through a new all-time high (ATH) this week.</p><p><blockquote>Nvidia(NVDA)将于11月17日发布第三季度成绩单。该公司此前曾预计本季度业绩强劲。黄仁勋公司请参阅“环比增长主要是由数据中心需求加速推动的”。该公司还预计其三个市场都将增长，尤其是在游戏领域。鉴于AMD强劲的业绩，投资者的期望也很高。因此，随着NVDA股价本周创下历史新高（ATH），投资者热切期待NVDA的财报发布。</blockquote></p><p> We will discuss which semiconductor stock is the better buy now between them.</p><p><blockquote>我们将讨论他们之间现在购买哪只半导体股票更好。</blockquote></p><p> <b>INTC, NVDA, AMD Stock YTD Performance</b></p><p><blockquote><b>INTC、NVDA、AMD股票年初至今表现</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dc276e3bd3b1b72a0413e8be2d14ebe3\" tg-width=\"640\" tg-height=\"331\" referrerpolicy=\"no-referrer\"><span>INTC, NVDA, AMD stock YTD performance (as of 27 October 21).</span></p><p><blockquote><p class=\"t-img-caption\"><span>INTC、NVDA、AMD股票年初至今表现（截至21年10月27日）。</span></p></blockquote></p><p> NVDA stock continues to enjoy a phenomenal year so far. The stock made a new ATH this week, as YTD returns surged to 87.3%. Bearish investors in NVDA can say all they want, but we have never adopted a bearish NVDA stock thesis. It just doesn't make sense. The stock has the best possible A+ in Seeking Alpha's momentum grade for the whole year. Hence, we really couldn't understand those bearish theses. AMD stock is in second place with a 33.3% YTD gain. It seems like the stock has lagged far behind NVDA stock's incredible performance. However, investors should consider the fact that AMD stock spent most of H1'21 in the red. Therefore, its huge momentum surge in H2'21 has been really impressive. Consequently, the stock's momentum is also given an A grade in Seeking Alpha.</p><p><blockquote>迄今为止，NVDA股票继续享受非凡的一年。该股本周创下新的ATH，年初至今回报率飙升至87.3%。看跌NVDA的投资者可以随心所欲地说，但我们从未采纳看跌NVDA股票的论点。这根本说不通。该股在Seeking Alpha全年动量评级中获得了最好的A+。因此，我们真的无法理解那些看跌的论点。AMD股票排名第二，年初至今上涨33.3%。该股似乎远远落后于NVDA股票令人难以置信的表现。然而，投资者应该考虑这样一个事实：AMD股票在21年上半年的大部分时间里都处于亏损状态。因此，其在H2'21的巨大势头确实令人印象深刻。因此，该股的势头在Seeking Alpha中也被评为A级。</blockquote></p><p> In contrast, the perennial underperformer INTC stock continues to underperform. The stock started very brightly as it raced to a 40% YTD gain. However, its momentum has completely fizzled out. Currently, its YTD decline of 3.9% looks abysmal when compared to AMD stock and NVDA stock. In addition, Seeking Alpha also assigned it with a D+ rating in momentum.</p><p><blockquote>相比之下，长期表现不佳的INTC股票继续表现不佳。该股开局非常亮眼，年初至今上涨了40%。然而，它的势头已经完全消失了。目前，与AMD股票和NVDA股票相比，其年初至今下跌了3.9%，看起来糟透了。此外，Seeking Alpha还给予其动力D+评级。</blockquote></p><p> <b>Intel FQ3 Report Card Is Telling Of Its Weakening Leadership</b></p><p><blockquote><b>英特尔第三季度成绩单表明其领导力正在减弱</b></blockquote></p><p> There's little doubt that AMD has made the most of its recent dominance over Intel. However, what's more concerning to Intel investors, and likewise encouraging to AMD investors, is the clarity provided by their respective CEOs.</p><p><blockquote>毫无疑问，AMD充分利用了最近对英特尔的主导地位。然而，更令英特尔投资者担忧、同样令AMD投资者感到鼓舞的是他们各自首席执行官提供的明确性。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f910460f850f7c0c3bd3508e0812fa7b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>Intel LTM revenue by segment. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>英特尔LTM按细分市场划分的收入。数据来源：公司备案</span></p></blockquote></p><p> Intel reported another underwhelming quarter, but we don't think it was unexpected. Sure, the company's data center business (DCG) continues to disappoint compared to NVDA and AMD. However, INTC investors shouldn't be surprised.</p><p><blockquote>英特尔报告了另一个令人印象深刻的季度，但我们认为这并不意外。当然，与NVDA和AMD相比，该公司的数据中心业务(DCG)仍然令人失望。然而，INTC投资者不应该感到惊讶。</blockquote></p><p></p><p> DCG quarterly revenue YoY growth came in at 10% in FQ3. However, DCG revenue has been on a declining trend on a last-twelve-months (LTM) basis since FQ2'20.In a recent AMD article, we mentioned that Omdia estimated that AMD's data center share crossed 15% in Q2'21 for the first time in history. In retrospect, Intel had almost complete dominance in this segment just four years ago. It clearly shows how the critical stumbles from its former management have derailed its previously \"unassailable\" leadership. Now, Gelsinger &amp; Co. are left with the unenviable task of trying to overturn Intel's sinking fortunes. With AMD having assumed the technological leadership at the expense of Intel, it certainly looks like an \"easy bet\" which the company will likely continue to outperform.</p><p><blockquote>第三季度DCG季度收入同比增长10%。然而，自20年第二季度以来，DCG收入在过去12个月(LTM)中一直呈下降趋势。在AMD最近的一篇文章中，我们提到Omdia估计AMD的数据中心份额在21年第二季度历史上首次突破15%。回想起来，就在四年前，英特尔在这一领域几乎完全占据主导地位。它清楚地表明，其前管理层的重大失误是如何破坏其先前“无懈可击”的领导地位的。现在，基辛格公司面临着一项不值得羡慕的任务，那就是试图扭转英特尔不断下滑的命运。随着AMD以牺牲英特尔为代价占据技术领先地位，这看起来肯定是一个“轻松的赌注”，该公司可能会继续跑赢大盘。</blockquote></p><p> Intel's client computing group's (CCG) performance was underwhelming in FQ3. Its revenue fell by 1.9% YoY and 4.4% QoQ, respectively. Notably, it came at a time when 2021 saw a strong resurgence in PC sales.In a recent Apple(AAPL) article, we mentioned that Apple's Mac segment had performed very well in 2021. In just the first three FQs, Mac has exceeded its revenue on a per FY basis over the last three years. Its resurgence is also in line with the trend observed in the industry.</p><p><blockquote>英特尔客户端计算部门（CCG）在第三季度的业绩表现不佳。其收入分别同比下降1.9%和环比下降4.4%。值得注意的是，这发生在2021年PC销量强劲复苏之际。在苹果(AAPL)最近的一篇文章中，我们提到苹果的Mac部门在2021年表现非常出色。仅在前三个FQ中，Mac就超过了过去三年每个财年的收入。它的复兴也符合业内观察到的趋势。</blockquote></p><p> Counterpoint Research noted that \"global PC shipments marked their sixth consecutive YoY growth in Q3 2021&nbsp;at 84.2 million units. This came despite the ongoing component shortages and other supply constraints.\" Despite that, the firm also emphasized that \"the 9.3% YoY growth during [Q3] implied decelerating PC shipment momentum after four consecutive quarters of double-digit YoY growth since Q3 2020.\"</p><p><blockquote>Counterpoint Research指出，“2021年第三季度，全球PC出货量连续第六次同比增长，达到8420万台。尽管零部件短缺和其他供应限制持续存在，但这一情况还是出现了。”尽管如此，该公司还强调，“[第三季度]9.3%的同比增长意味着自2020年第三季度以来连续四个季度实现两位数同比增长后，PC出货量势头正在放缓。”</blockquote></p><p> Notwithstanding, Mac seems to have picked up strongly in CQ3. IDC reported that&nbsp;Apple's YoY shipment growth in CQ2&nbsp;was 9.4%. Moreover, Counterpoint research pointed out that Mac YoY shipment growth accelerated to 10.6% in CQ3. Hence, it's interesting to note that Mac grew even faster than the industry average in CQ3. As a result, Mac's global market share grew to 8.7%.</p><p><blockquote>尽管如此，Mac似乎在第三季度表现强劲。IDC报告称，苹果第二季度出货量同比增长9.4%。此外，Counterpoint research指出，第三季度Mac同比出货量增长加速至10.6%。因此，有趣的是，Mac在第三季度的增长速度甚至超过了行业平均水平。因此，Mac的全球市场份额增长至8.7%。</blockquote></p><p> Therefore, it seems like Apple has been doing very well since it decoupled from Intel's chips. Even though Gelsinger remains optimistic about winning back Apple's business through \"better products\" in the future, the divorce looks to be \"finalized\" for now. But investors in semiconductor companies should remember that never say never when it comes to technological leadership. Intel is still a highly profitable company and therefore has the wherewithal and conviction to compete. Whether it can overturn AMD's and NVDA's leadership remains to be seen. But never write the company off so early on.</p><p><blockquote>因此，自与英特尔芯片脱钩以来，苹果似乎一直做得很好。尽管基辛格对未来通过“更好的产品”赢回苹果的业务仍然持乐观态度，但离婚案目前看起来已经“敲定”。但半导体公司的投资者应该记住，在技术领先方面，永远不要说永远。英特尔仍然是一家高利润的公司，因此拥有竞争所需的资金和信念。能否推翻AMD和NVDA的领先地位，还有待观察。但永远不要这么早就放弃公司。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c622b359fd3a73cac53c0e4410177c3\" tg-width=\"640\" tg-height=\"275\" referrerpolicy=\"no-referrer\"><span>INTC and AMD LTM gross margins. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>INTC和AMD LTM毛利率。数据来源：标普资本智商</span></p></blockquote></p><p> Pat Gelsinger has telegraphed a highly ambitious plan to assume technological leadership. It's mainly predicated on its \"five process nodes in four years\" quest to assume foundry leadership from Taiwan Semiconductor (TSM). In addition, the company is also willing to \"reset\" its gross margins to compete with AMD and NVDA at the same time. Outgoing CFO George Davis emphasized:</p><p><blockquote>帕特·基辛格(Pat Gelsinger)宣布了一项雄心勃勃的计划，以承担技术领先地位。这主要是基于其“四年内实现五个工艺节点”的追求，以取代台积电（TSM）的代工领导地位。此外，该公司还愿意“重置”毛利率，与AMD和NVDA同时竞争。即将离任的首席财务官乔治·戴维斯强调：</blockquote></p><p>   <i>We expect to see our revenue growth accelerate to a 10% to 12% CAGR over the next 4 to 5 years</i>. For gross margin, with the impact of our investment in capacity and the acceleration of our process technology,   <i>we expect gross margins between 51% and 53% over the next 2 to 3 years</i>before moving upward. (from Intel Q3 earnings call)  We find it interesting. Yes, the investments for process leadership and capacity expansion will affect its profitability. But Intel recognizes that it's at least a five-year process. At this time, is the company going to let Dr. Lisa Su &amp; Co. take all the glory while Intel works out its troubles? Obviously not. Pat recognizes that he needs a stop-gap solution. Short of saying \"we are cutting prices now\" to compete with AMD, this is as close as it gets.</p><p><blockquote><i>我们预计未来4至5年我们的收入增长将加速至10%至12%的复合年增长率</i>就毛利率而言，受我们产能投资及工艺技术加速的影响，<i>我们预计未来2至3年毛利率将在51%至53%之间</i>在向上移动之前。（来自英特尔第三季度看涨期权收益）我们觉得这很有趣。是的，流程领先和产能扩张的投资将影响其盈利能力。但英特尔认识到这至少需要五年的时间。这个时候，公司是不是要让苏姿丰博士（Dr.Lisa Su&amp;Co.）拿走所有的荣耀，而英特尔则解决它的麻烦？显然不是。帕特认识到他需要一个权宜之计。除了说“我们现在正在降价”来与AMD竞争之外，这已经是最接近的了。</blockquote></p><p> We also highlighted in our previous AMD article (published on 20 September) that \"Intel is recently reported to be ready to lower the prices for its data center chips. The move was deemed necessary \"to lure back data center operators&nbsp;that have switched to rival Advanced Micro Devices.\" Otherwise, how can Gelsinger &amp; Co. be so confident in stopping the rot from AMD's continued success? Intel has telegraphed a highly ambitious plan to increase revenue by a CAGR of 10% to 12% over the next four to five years. Intel is trying to transform itself back into a growth company. If you want to grow and don't have technological leadership, you must give up some profits. That makes absolute sense.</p><p><blockquote>我们还在之前的AMD文章（9月20日发布）中强调，“据报道，英特尔最近准备降低其数据中心芯片的价格。此举被认为是必要的”，以吸引已转向竞争对手Advanced Micro Devices的数据中心运营商。”否则，基辛格公司怎么能如此自信地阻止AMD持续成功的颓势呢？英特尔宣布了一项雄心勃勃的计划，在未来四到五年内将收入以10%到12%的复合年增长率增长。英特尔正试图将自己变回一家成长型公司。如果你想增长，没有技术领先，你必须放弃一些利润。这完全有道理。</blockquote></p><p></p><p> The good thing is, Intel is already a highly profitable company. Its gross margins had declined markedly from the days when it posted margins north of 60%. However, its LTM margin of 56.3% is still significantly higher than AMD's 46.8%. Therefore, Intel's plans are credible. The company will now go head-on to compete with AMD in pricing while investing in assuming foundry leadership. Dr. Lisa Su &amp; Co., you have been cautioned.</p><p><blockquote>好的一面是，英特尔已经是一家高利润的公司。其毛利率较利润率超过60%时明显下降。不过，其56.3%的LTM利润率仍明显高于AMD的46.8%。因此，英特尔的计划是可信的。该公司现在将在定价上与AMD正面竞争，同时投资占据代工领导地位。苏丽莎博士公司，你已经被警告了。</blockquote></p><p> <b>AMD Continues Its Gangbusters Growth</b></p><p><blockquote><b>AMD继续强劲增长</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2fb460f1a24eeac1ff3e46cc0ebd78f3\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>AMD quarterly revenue by segment. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD按部门划分的季度收入。数据来源：公司备案</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d5df5298fbc9733b0c0a8b1110c401ba\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>AMD revenue segments YoY growth. Data source: Company filings</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD收入部门同比增长。数据来源：公司备案</span></p></blockquote></p><p> There's little doubt that Dr. Lisa Su &amp; Co. have made the most of Intel's absolute mess. The company has been firing on all cylinders as it outperformed estimates easily. It continues to report tremendous strength in all its segments. FQ3 saw Advanced Micro Devices report 43.9% YoY growth in revenue for its computing and graphics business. Moreover, its enterprise, embedded, and semi-custom (EESC) segment continues its phenomenal run as AMD posted YoY revenue growth of 68.9%. Therefore, AMD has certainly made the most of Intel's losses in data center. Moreover, its computing and graphics growth has also been fantastic. AMD has undoubtedly grown much faster than the market.</p><p><blockquote>毫无疑问，Lisa Su&amp;Co.充分利用了英特尔的绝对混乱。该公司一直在全力以赴，因为它的表现轻松超出了预期。它继续在所有领域展现出巨大的实力。Advanced Micro Devices报告第三季度计算和图形业务收入同比增长43.9%。此外，AMD的企业、嵌入式和半定制(EESC)部门继续保持惊人的表现，收入同比增长68.9%。因此，AMD当然充分利用了英特尔在数据中心方面的亏损。此外，它的计算和图形增长也非常出色。AMD的增长速度无疑比市场快得多。</blockquote></p><p> In fact, AMD continues to expect strong sequential growth into FQ4. AMD emphasized:</p><p><blockquote>事实上，AMD继续预计第四季度将实现强劲的环比增长。AMD强调：</blockquote></p><p>   We expect revenue to be approximately $4.5 billion, plus or minus $100 million, an increase of approximately   <i>39% year-over-year and approximately 4% sequentially</i>. The year-over-year increase is expected to be driven by growth across all businesses. The quarter-over-quarter increase is expected to be driven by higher server and semi-custom sales. For the full year 2021,   <i>we now expect revenue to increase approximately 65% over 2020, driven by growth across all businesses</i>, up from the prior guidance of 60%. (from AMD FQ3 earnings call)  For a company that tells you that it expects a 65% YoY growth over FY20, it's clear it has achieved phenomenal results. Therefore, the market should reward AMD investors. AMD stock has clearly been outperforming the market after its early-year stumbles.</p><p><blockquote>我们预计营收约为45亿美元，正负1亿美元，增长约<i>同比增长39%，环比增长约4%</i>预计同比增长将受到所有业务增长的推动。预计环比增长将受到服务器和半定制销售额增加的推动。2021年全年，<i>我们现在预计，在所有业务增长的推动下，收入将比2020年增长约65%</i>，高于之前60%的指导。（来自AMD看涨期权第三季度收益）对于一家告诉您预计2020财年同比增长65%的公司来说，很明显它已经取得了惊人的成果。因此，市场应该奖励AMD投资者。AMD股票在经历了年初的跌跌撞撞之后，显然一直跑赢大盘。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af9edf4c4d4b8055eee2f32456b6589d\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\"><span>AMD est. revenue and EBITDA mean consensus. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD东部时间。收入和EBITDA意味着共识。数据来源：标普资本智商</span></p></blockquote></p><p> However, we think investors need to consider how AMD will likely perform moving forward. Following its outstanding FQ3 report card, consensus estimates have also been revised upwards. AMD is estimated to post a revenue CAGR of 30.2% and an EBITDA CAGR of 50.4%. Compared to the company's FY21 revenue YoY growth guidance of 65%, it's a marked deceleration.</p><p><blockquote>然而，我们认为投资者需要考虑AMD未来的表现。继第三季度成绩单出色之后，共识预期也被上调。AMD预计收入复合年增长率为30.2%，EBITDA复合年增长率为50.4%。与该公司2021财年65%的收入同比增长指引相比，这是一个明显的减速。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/970fd9b4cebec404a6c9bcc8c5b18140\" tg-width=\"640\" tg-height=\"312\" referrerpolicy=\"no-referrer\"><span>AMD LTM revenue and EBITDA. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD LTM收入和EBITDA。数据来源：标普资本智商</span></p></blockquote></p><p> Importantly, AMD has also grown its LTM revenue and EBITDA by a CAGR of 31.2% and 160% over the last four years, respectively. Therefore, AMD is unlikely to post such monstrous growth moving forward. As a result, investors need to taper their expectations when considering buying its stock. They can't be expecting AMD to continue growing at such phenomenal growth rates incessantly. We know it sounds good, but it's simply not sustainable.</p><p><blockquote>重要的是，AMD的LTM收入和EBITDA在过去四年中也分别以31.2%和160%的复合年增长率增长。因此，AMD未来不太可能实现如此惊人的增长。因此，投资者在考虑购买其股票时需要降低预期。他们不能指望AMD继续以如此惊人的增长率不断增长。我们知道这听起来不错，但这根本不可持续。</blockquote></p><p> We can also observe from its FQ3 performance. Its segments' YoY growth was the slowest in FQ3'21 compared to the previous two quarters. So it's not slow per se, but the growth seems to be decelerating. Therefore, AMD investors, you have been reminded.</p><p><blockquote>我们也可以从它的FQ3表现中观察到。与前两个季度相比，其细分市场在21年第三季度的同比增长是最慢的。因此，它本身并不慢，但增长似乎正在减速。因此，AMD的投资者们，你们被提醒了。</blockquote></p><p> <b>Nvidia Is Expected To Post Slower Much Growth Than Before</b></p><p><blockquote><b>英伟达的增长预计将比以前慢得多</b></blockquote></p><p> Jensen Huang &amp; Co. will release its FQ3'22 report card on 17 November. Its earnings conferences have often been highly anticipated events in the past. Its investors, PC geeks, and gamers love NVDA.</p><p><blockquote>黄仁勋公司将于11月17日发布22年第三季度成绩单。过去，其财报会议往往是备受期待的活动。它的投资者、PC极客和游戏玩家都喜欢NVDA。</blockquote></p><p> The company guided for $6.8B in FQ3 revenue on its previous earnings call. Consensus estimates are also in line with the company's guidance. However,in our previous Nvidia article, we highlighted that the company's revenue growth seems to be decelerating across its main segments.</p><p><blockquote>该公司在之前的收益看涨期权上预计第三季度收入为$6.8 B。共识估计也符合公司的指引。然而，在我们之前的英伟达文章中，我们强调了该公司主要细分市场的收入增长似乎正在减速。</blockquote></p><p> Datacenter growth fell to 35% YoY in FQ2'22. Moreover, Gaming has also demonstrated signs of deceleration. Its growth in FQ2 also slowed to 85% YoY. As a result, the company's overall revenue growth slowed to 68.3% YoY in FQ2.</p><p><blockquote>22年第二季度数据中心同比增长率降至35%。而且，游戏也出现了减速的迹象。第二季度的同比增长也放缓至85%。因此，该公司第二季度整体收入同比增速放缓至68.3%。</blockquote></p><p></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dfa0d4e579274e870b43dadcb6aa0be7\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"><span>NVDA actual and est. quarterly revenue YoY growth. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>NVDA实际和预计。季度收入同比增长。数据来源：标普资本智商</span></p></blockquote></p><p> Notably, even with the recently revised estimates, Nvidia is expected to post slower YoY growth in FQ3'22 and beyond. In fact, the deceleration looks alarming. Investors might have to taper their expectations of NVDA's gangbusters growth momentum moving forward. Nothing goes up in one straight line forever. Moving forward, revenue comps will get increasingly harder for Jensen Huang &amp; Co. to beat.</p><p><blockquote>值得注意的是，即使最近修订了预测，Nvidia预计在22年第三季度及以后的同比增长仍将放缓。事实上，减速看起来令人震惊。投资者可能不得不降低对NVDA未来强劲增长势头的预期。没有什么是永远直线上升的。展望未来，黄仁勋公司的收入竞争将变得越来越难以击败。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0873d94239c63b839b483644a71fe429\" tg-width=\"640\" tg-height=\"483\" referrerpolicy=\"no-referrer\"><span>NVDA earnings beats/misses. Source: Seeking Alpha Premium</span></p><p><blockquote><p class=\"t-img-caption\"><span>NVDA盈利超出/未达到预期。资料来源：寻求Alpha Premium</span></p></blockquote></p><p> Notwithstanding, we recognize that NVDA might also be sandbagging expectations in its guidance. We noted that NVDA has only missed one quarterly estimate in the last four years. It's an almost flawless performance. Notably, while NVDA has consistently outperformed its guidance, those beats were not incredibly massive. What we meant is investors should not totally disregard the consensus estimates as out of line. They have been pretty accurate over time. So while NVDA might have sandbagged its previous guidance to overdeliver potentially, they had not overdone it.</p><p><blockquote>尽管如此，我们认识到NVDA也可能在其指导中降低预期。我们注意到，NVDA在过去四年中只未达到一个季度预期。这是一场近乎完美的表演。值得注意的是，虽然NVDA的表现一直优于其指导，但这些表现并不是令人难以置信的巨大。我们的意思是，投资者不应该完全忽视共识估计，认为这是不合理的。随着时间的推移，它们变得相当准确。因此，尽管NVDA可能已经将之前的指导意见沙袋化，以可能超额交付，但他们并没有做得太过分。</blockquote></p><p> We understand that some NVDA investors are anticipating its TAM expansion into its software stack, omniverse applications, and cloud-gaming expansion.</p><p><blockquote>我们了解到，一些NVDA投资者预计其TAM将扩展到其软件堆栈、omniverse应用程序和云游戏扩展。</blockquote></p><p> We recognize the incredible efforts invested by NVDA to transform itself into an AI company that has a huge GPU dominance. Coupled with its DPU and CPU forays, the hardware strategy looks very impressive. Moreover, Nvidia's AI Enterprise now offers its complete AI enterprise software suite to its customers. With the number of developers on its platform currently, we think its leadership is secure. The ecosystem will get even stronger over time as more developers come on board. If the company could pull through its Arm acquisition, we think there's no way that Intel or AMD could catch up.</p><p><blockquote>我们认识到NVDA为将自己转变为一家拥有巨大GPU主导地位的人工智能公司所付出的令人难以置信的努力。再加上其DPU和CPU的进军，硬件战略看起来非常令人印象深刻。此外，Nvidia的AI Enterprise现在向客户提供完整的AI Enterprise软件套件。鉴于目前其平台上的开发者数量，我们认为其领导地位是稳固的。随着时间的推移，随着更多开发者的加入，生态系统将变得更加强大。如果该公司能够完成对Arm的收购，我们认为英特尔或AMD不可能赶上。</blockquote></p><p> The main problem is that Nvidia couldn't/is not willing to put a timeline to<i>when they would derive meaningful revenues from its software stack.</i>Nvidia could only add recently: \"But as [we] said, what [we] quoted to you for both NVIDIA enterprise as well as for Omniverse enterprise as being multibillion-dollar opportunities, we see these as very real opportunities, right?\"</p><p><blockquote>主要问题是英伟达不能/不愿意设定时间表<i>当他们从其软件堆栈中获得有意义的收入时。</i>Nvidia最近只能补充道：“但正如[我们]所说，[我们]向您引用的NVIDIA enterprise和Omniverse enterprise价值数十亿美元的机会，我们认为这些都是非常真实的机会，对吗？”</blockquote></p><p> <b>So, Which Chip Stock Is The Better Buy?</b></p><p><blockquote><b>那么，哪只芯片股更好买呢？</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/97466fa7c05502ccb3d3fb348c1fbedd\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>AMD stock EV/NTM EBITDA 3Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD股票EV/NTM EBITDA 3年平均值。</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/58c3575f8db9aafef9a106f36114a1b7\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>NVDA stock EV/NTM EBITDA 3Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>NVDA股票EV/NTM EBITDA 3年平均值。</span></p></blockquote></p><p> AMD stock currently trades at an EV/NTM EBITDA of 29.7x. Its 3Y NTM EBITDA mean read 30.8x. Therefore, investors can argue that AMD might seem fairly valued right now. In contrast, NVDA stock trades at an EV/NTM EBITDA of 53.5x. Its 3Y NTM EBITDA mean is 41.6x. Thus, the stock is trading at about 28.6% above its 3Y mean. Hence, we think NVDA stock looks overvalued right now. Coupled with potentially slower revenue growth moving forward, a poor quarter might induce potential value compressions. Otherwise, a potential overcapacity problem in 2023 might also hit NVDA stock hard due to its rich valuation.</p><p><blockquote>AMD股票目前的EV/NTM EBITDA为29.7倍。其3年NTM EBITDA平均值为30.8倍。因此，投资者可以说AMD目前的估值似乎相当合理。相比之下，NVDA股票的EV/NTM EBITDA为53.5倍。其3年NTM EBITDA平均值为41.6倍。因此，该股的交易价格比其3年平均水平高出约28.6%。因此，我们认为NVDA股票目前看起来被高估。再加上未来收入增长可能放缓，糟糕的季度可能会导致潜在的价值压缩。否则，2023年潜在的产能过剩问题也可能因其估值过高而严重打击NVDA股票。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/467ed7eaf7cb4b7aed414494c2110be8\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>INTC stock EV/NTM EBITDA 3Y mean.</span></p><p><blockquote><p class=\"t-img-caption\"><span>INTC股票EV/NTM EBITDA 3年平均值。</span></p></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55716ccea92c6410434d2f1ab7d3ef15\" tg-width=\"640\" tg-height=\"265\" referrerpolicy=\"no-referrer\"><span>INTC stock LTM dividend yield. Data source: S&amp;P Capital IQ</span></p><p><blockquote><p class=\"t-img-caption\"><span>INTC股票LTM股息收益率。数据来源：标普资本智商</span></p></blockquote></p><p> INTC stock trades at an EV/NTM EBITDA of 6.7x. It's markedly below its 3Y mean of 7.6x. Therefore, INTC is clearly a value play and not a growth play. It has also provided a respectable dividend yield for its investors over the years. As a result of its recent post-FQ3 sell-off, the annualized yield has recovered to 2.8%. INTC investors have been very comfortable sitting on its robust profitability and its solid dividend yields over the years. These value and dividend income investors don't invest in INTC stock for growth. They invest in it for its value and its dividends.</p><p><blockquote>INTC股票的EV/NTM EBITDA为6.7倍。这明显低于7.6倍的3年平均水平。因此，INTC显然是价值游戏，而不是增长游戏。多年来，它还为投资者提供了可观的股息收益率。由于最近第三季度后的抛售，年化收益率已恢复至2.8%。多年来，INTC投资者一直对其强劲的盈利能力和稳健的股息收益率感到非常满意。这些价值和股息收入投资者投资INTC股票并不是为了增长。他们投资它是为了它的价值和股息。</blockquote></p><p></p><p> Pat Gelsinger's ambitious growth plans have thrown them a curveball that they didn't expect. When Intel communicated that these plans would have a discernible impact on its profitability, they feared for their dividends. Perhaps, Gelsinger is banking on a turnover of its investor base. The company could potentially be a huge winner if it succeeds on its growth roadmap. Given that the expectations are so low now, it doesn't even have to be immensely successful for the stock to be re-rated upwards. The huge difference in the growth premium between INTC and its faster growth peers is eye-catching. We think investors who have patience and are willing to ride out the short-term volatility might find INTC stock attractively valued right now. Coupled with a 2.8% dividend yield, it adds more gloss to its premise. Adding on a potential growth re-rating, the stock certainly looks attractive.</p><p><blockquote>帕特·基辛格(Pat Gelsinger)雄心勃勃的增长计划给他们带来了意想不到的麻烦。当英特尔表示这些计划将对其盈利能力产生明显影响时，他们担心股息。也许，基辛格寄希望于其投资者基础的更替。如果该公司在增长路线图上取得成功，它可能会成为巨大的赢家。鉴于现在的预期如此之低，该股甚至不一定要取得巨大成功才能重新上调评级。INTC与增长更快的同行之间增长溢价的巨大差异引人注目。我们认为，有耐心并愿意度过短期波动的投资者可能会发现INTC股票目前的估值很有吸引力。再加上2.8%的股息收益率，为其前提增添了更多光彩。再加上潜在的增长重新评级，该股看起来确实很有吸引力。</blockquote></p><p> Despite that, INTC's long-term momentum has remained weak. The stock's long-term price action has also been much weaker than AMD stock. We recall that Buffett emphasized that he has no qualms about paying a fair price for a fantastic company.</p><p><blockquote>尽管如此，INTC的长期势头仍然疲软。该股的长期价格走势也远弱于AMD股票。我们记得巴菲特强调，他毫不犹豫地为一家出色的公司支付合理的价格。</blockquote></p><p> Therefore, we think&nbsp;<i>AMD stock represents our preferred Buy</i>&nbsp;for now.<i>INTC stock is also a Buy</i>&nbsp;for dividend and value investors. At the same time, we&nbsp;<i>retain our Neutral rating on NVDA</i>.</p><p><blockquote>因此，我们认为<i>AMD股票代表我们优先买入</i>就目前而言。<i>INTC股票也值得买入</i>对于股息和价值投资者。同时，我们<i>维持我们对NVDA的中性评级</i>.</blockquote></p><p> This article was written by&nbsp;JR Research.</p><p><blockquote>本文由JR Research撰写。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4463134-intel-nvidia-amd-chip-stock-better-buy\">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":{"NVDA":"英伟达","AMD":"美国超微公司","INTC":"英特尔"},"source_url":"https://seekingalpha.com/article/4463134-intel-nvidia-amd-chip-stock-better-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122237204","content_text":"Summary\n\nIntel reported a set of earnings that was pretty decent. However, the market was confused with its ambitious growth plans.\nAdvanced Micro Devices continues its run of phenomenal results in FY21. Dr. Lisa Su & Co. is making the most out of Intel's stumbles.\nNvidia will issue its FQ3 report card on 17 November. The company's growth momentum is expected to continue slowing down.\nWe discuss which semiconductor stock is the better buy now.\n\nSundry Photography/iStock Editorial via Getty Images\nInvestment Thesis\nAdvanced Micro Devices, Inc. (AMD) issued a fantastic FQ3 report card recently. The company also handily beat consensus estimates and reaffirmed AMD's position as one of the leading semiconductor companies.\nNotably, the company made gains while Intel (INTC) reported a set of results that we thought were actually pretty fine. There were some concerns over underwhelming data center performance, but it was expected. However, the market didn't like what Pat Gelsinger & Co. telegraphed and thrashed the stock after earnings. Intel communicated what it would cost on its quest to retake its process node leadership. However, it seems that investors weren't sure about the company's ambitious plans. Coupled with weakened profitability and free cash flow prospects, some value-oriented investors seemed to have headed for the exit.\nNvidia (NVDA) will issue its FQ3 report card on 17 November. The company had previously guided for a strong quarter. Jensen Huang & Co. see \"sequential growth driven largely by accelerating demand in data center.\" The company also expects growth in each of its three markets, particularly in gaming. Investors' expectations are also high given AMD's robust performance. Hence, investors have eagerly anticipated NVDA's earnings release as NVDA stock pushed through a new all-time high (ATH) this week.\nWe will discuss which semiconductor stock is the better buy now between them.\nINTC, NVDA, AMD Stock YTD Performance\nINTC, NVDA, AMD stock YTD performance (as of 27 October 21).\nNVDA stock continues to enjoy a phenomenal year so far. The stock made a new ATH this week, as YTD returns surged to 87.3%. Bearish investors in NVDA can say all they want, but we have never adopted a bearish NVDA stock thesis. It just doesn't make sense. The stock has the best possible A+ in Seeking Alpha's momentum grade for the whole year. Hence, we really couldn't understand those bearish theses. AMD stock is in second place with a 33.3% YTD gain. It seems like the stock has lagged far behind NVDA stock's incredible performance. However, investors should consider the fact that AMD stock spent most of H1'21 in the red. Therefore, its huge momentum surge in H2'21 has been really impressive. Consequently, the stock's momentum is also given an A grade in Seeking Alpha.\nIn contrast, the perennial underperformer INTC stock continues to underperform. The stock started very brightly as it raced to a 40% YTD gain. However, its momentum has completely fizzled out. Currently, its YTD decline of 3.9% looks abysmal when compared to AMD stock and NVDA stock. In addition, Seeking Alpha also assigned it with a D+ rating in momentum.\nIntel FQ3 Report Card Is Telling Of Its Weakening Leadership\nThere's little doubt that AMD has made the most of its recent dominance over Intel. However, what's more concerning to Intel investors, and likewise encouraging to AMD investors, is the clarity provided by their respective CEOs.\nIntel LTM revenue by segment. Data source: Company filings\nIntel reported another underwhelming quarter, but we don't think it was unexpected. Sure, the company's data center business (DCG) continues to disappoint compared to NVDA and AMD. However, INTC investors shouldn't be surprised.\nDCG quarterly revenue YoY growth came in at 10% in FQ3. However, DCG revenue has been on a declining trend on a last-twelve-months (LTM) basis since FQ2'20.In a recent AMD article, we mentioned that Omdia estimated that AMD's data center share crossed 15% in Q2'21 for the first time in history. In retrospect, Intel had almost complete dominance in this segment just four years ago. It clearly shows how the critical stumbles from its former management have derailed its previously \"unassailable\" leadership. Now, Gelsinger & Co. are left with the unenviable task of trying to overturn Intel's sinking fortunes. With AMD having assumed the technological leadership at the expense of Intel, it certainly looks like an \"easy bet\" which the company will likely continue to outperform.\nIntel's client computing group's (CCG) performance was underwhelming in FQ3. Its revenue fell by 1.9% YoY and 4.4% QoQ, respectively. Notably, it came at a time when 2021 saw a strong resurgence in PC sales.In a recent Apple(AAPL) article, we mentioned that Apple's Mac segment had performed very well in 2021. In just the first three FQs, Mac has exceeded its revenue on a per FY basis over the last three years. Its resurgence is also in line with the trend observed in the industry.\nCounterpoint Research noted that \"global PC shipments marked their sixth consecutive YoY growth in Q3 2021 at 84.2 million units. This came despite the ongoing component shortages and other supply constraints.\" Despite that, the firm also emphasized that \"the 9.3% YoY growth during [Q3] implied decelerating PC shipment momentum after four consecutive quarters of double-digit YoY growth since Q3 2020.\"\nNotwithstanding, Mac seems to have picked up strongly in CQ3. IDC reported that Apple's YoY shipment growth in CQ2 was 9.4%. Moreover, Counterpoint research pointed out that Mac YoY shipment growth accelerated to 10.6% in CQ3. Hence, it's interesting to note that Mac grew even faster than the industry average in CQ3. As a result, Mac's global market share grew to 8.7%.\nTherefore, it seems like Apple has been doing very well since it decoupled from Intel's chips. Even though Gelsinger remains optimistic about winning back Apple's business through \"better products\" in the future, the divorce looks to be \"finalized\" for now. But investors in semiconductor companies should remember that never say never when it comes to technological leadership. Intel is still a highly profitable company and therefore has the wherewithal and conviction to compete. Whether it can overturn AMD's and NVDA's leadership remains to be seen. But never write the company off so early on.\nINTC and AMD LTM gross margins. Data source: S&P Capital IQ\nPat Gelsinger has telegraphed a highly ambitious plan to assume technological leadership. It's mainly predicated on its \"five process nodes in four years\" quest to assume foundry leadership from Taiwan Semiconductor (TSM). In addition, the company is also willing to \"reset\" its gross margins to compete with AMD and NVDA at the same time. Outgoing CFO George Davis emphasized:\n\nWe expect to see our revenue growth accelerate to a 10% to 12% CAGR over the next 4 to 5 years. For gross margin, with the impact of our investment in capacity and the acceleration of our process technology, \n we expect gross margins between 51% and 53% over the next 2 to 3 yearsbefore moving upward. (from Intel Q3 earnings call)\n\nWe find it interesting. Yes, the investments for process leadership and capacity expansion will affect its profitability. But Intel recognizes that it's at least a five-year process. At this time, is the company going to let Dr. Lisa Su & Co. take all the glory while Intel works out its troubles? Obviously not. Pat recognizes that he needs a stop-gap solution. Short of saying \"we are cutting prices now\" to compete with AMD, this is as close as it gets.\nWe also highlighted in our previous AMD article (published on 20 September) that \"Intel is recently reported to be ready to lower the prices for its data center chips. The move was deemed necessary \"to lure back data center operators that have switched to rival Advanced Micro Devices.\" Otherwise, how can Gelsinger & Co. be so confident in stopping the rot from AMD's continued success? Intel has telegraphed a highly ambitious plan to increase revenue by a CAGR of 10% to 12% over the next four to five years. Intel is trying to transform itself back into a growth company. If you want to grow and don't have technological leadership, you must give up some profits. That makes absolute sense.\nThe good thing is, Intel is already a highly profitable company. Its gross margins had declined markedly from the days when it posted margins north of 60%. However, its LTM margin of 56.3% is still significantly higher than AMD's 46.8%. Therefore, Intel's plans are credible. The company will now go head-on to compete with AMD in pricing while investing in assuming foundry leadership. Dr. Lisa Su & Co., you have been cautioned.\nAMD Continues Its Gangbusters Growth\nAMD quarterly revenue by segment. Data source: Company filings\nAMD revenue segments YoY growth. Data source: Company filings\nThere's little doubt that Dr. Lisa Su & Co. have made the most of Intel's absolute mess. The company has been firing on all cylinders as it outperformed estimates easily. It continues to report tremendous strength in all its segments. FQ3 saw Advanced Micro Devices report 43.9% YoY growth in revenue for its computing and graphics business. Moreover, its enterprise, embedded, and semi-custom (EESC) segment continues its phenomenal run as AMD posted YoY revenue growth of 68.9%. Therefore, AMD has certainly made the most of Intel's losses in data center. Moreover, its computing and graphics growth has also been fantastic. AMD has undoubtedly grown much faster than the market.\nIn fact, AMD continues to expect strong sequential growth into FQ4. AMD emphasized:\n\n We expect revenue to be approximately $4.5 billion, plus or minus $100 million, an increase of approximately \n 39% year-over-year and approximately 4% sequentially. The year-over-year increase is expected to be driven by growth across all businesses. The quarter-over-quarter increase is expected to be driven by higher server and semi-custom sales. For the full year 2021, \n we now expect revenue to increase approximately 65% over 2020, driven by growth across all businesses, up from the prior guidance of 60%. (from AMD FQ3 earnings call)\n\nFor a company that tells you that it expects a 65% YoY growth over FY20, it's clear it has achieved phenomenal results. Therefore, the market should reward AMD investors. AMD stock has clearly been outperforming the market after its early-year stumbles.\nAMD est. revenue and EBITDA mean consensus. Data source: S&P Capital IQ\nHowever, we think investors need to consider how AMD will likely perform moving forward. Following its outstanding FQ3 report card, consensus estimates have also been revised upwards. AMD is estimated to post a revenue CAGR of 30.2% and an EBITDA CAGR of 50.4%. Compared to the company's FY21 revenue YoY growth guidance of 65%, it's a marked deceleration.\nAMD LTM revenue and EBITDA. Data source: S&P Capital IQ\nImportantly, AMD has also grown its LTM revenue and EBITDA by a CAGR of 31.2% and 160% over the last four years, respectively. Therefore, AMD is unlikely to post such monstrous growth moving forward. As a result, investors need to taper their expectations when considering buying its stock. They can't be expecting AMD to continue growing at such phenomenal growth rates incessantly. We know it sounds good, but it's simply not sustainable.\nWe can also observe from its FQ3 performance. Its segments' YoY growth was the slowest in FQ3'21 compared to the previous two quarters. So it's not slow per se, but the growth seems to be decelerating. Therefore, AMD investors, you have been reminded.\nNvidia Is Expected To Post Slower Much Growth Than Before\nJensen Huang & Co. will release its FQ3'22 report card on 17 November. Its earnings conferences have often been highly anticipated events in the past. Its investors, PC geeks, and gamers love NVDA.\nThe company guided for $6.8B in FQ3 revenue on its previous earnings call. Consensus estimates are also in line with the company's guidance. However,in our previous Nvidia article, we highlighted that the company's revenue growth seems to be decelerating across its main segments.\nDatacenter growth fell to 35% YoY in FQ2'22. Moreover, Gaming has also demonstrated signs of deceleration. Its growth in FQ2 also slowed to 85% YoY. As a result, the company's overall revenue growth slowed to 68.3% YoY in FQ2.\nNVDA actual and est. quarterly revenue YoY growth. Data source: S&P Capital IQ\nNotably, even with the recently revised estimates, Nvidia is expected to post slower YoY growth in FQ3'22 and beyond. In fact, the deceleration looks alarming. Investors might have to taper their expectations of NVDA's gangbusters growth momentum moving forward. Nothing goes up in one straight line forever. Moving forward, revenue comps will get increasingly harder for Jensen Huang & Co. to beat.\nNVDA earnings beats/misses. Source: Seeking Alpha Premium\nNotwithstanding, we recognize that NVDA might also be sandbagging expectations in its guidance. We noted that NVDA has only missed one quarterly estimate in the last four years. It's an almost flawless performance. Notably, while NVDA has consistently outperformed its guidance, those beats were not incredibly massive. What we meant is investors should not totally disregard the consensus estimates as out of line. They have been pretty accurate over time. So while NVDA might have sandbagged its previous guidance to overdeliver potentially, they had not overdone it.\nWe understand that some NVDA investors are anticipating its TAM expansion into its software stack, omniverse applications, and cloud-gaming expansion.\nWe recognize the incredible efforts invested by NVDA to transform itself into an AI company that has a huge GPU dominance. Coupled with its DPU and CPU forays, the hardware strategy looks very impressive. Moreover, Nvidia's AI Enterprise now offers its complete AI enterprise software suite to its customers. With the number of developers on its platform currently, we think its leadership is secure. The ecosystem will get even stronger over time as more developers come on board. If the company could pull through its Arm acquisition, we think there's no way that Intel or AMD could catch up.\nThe main problem is that Nvidia couldn't/is not willing to put a timeline towhen they would derive meaningful revenues from its software stack.Nvidia could only add recently: \"But as [we] said, what [we] quoted to you for both NVIDIA enterprise as well as for Omniverse enterprise as being multibillion-dollar opportunities, we see these as very real opportunities, right?\"\nSo, Which Chip Stock Is The Better Buy?\nAMD stock EV/NTM EBITDA 3Y mean.\nNVDA stock EV/NTM EBITDA 3Y mean.\nAMD stock currently trades at an EV/NTM EBITDA of 29.7x. Its 3Y NTM EBITDA mean read 30.8x. Therefore, investors can argue that AMD might seem fairly valued right now. In contrast, NVDA stock trades at an EV/NTM EBITDA of 53.5x. Its 3Y NTM EBITDA mean is 41.6x. Thus, the stock is trading at about 28.6% above its 3Y mean. Hence, we think NVDA stock looks overvalued right now. Coupled with potentially slower revenue growth moving forward, a poor quarter might induce potential value compressions. Otherwise, a potential overcapacity problem in 2023 might also hit NVDA stock hard due to its rich valuation.\nINTC stock EV/NTM EBITDA 3Y mean.\nINTC stock LTM dividend yield. Data source: S&P Capital IQ\nINTC stock trades at an EV/NTM EBITDA of 6.7x. It's markedly below its 3Y mean of 7.6x. Therefore, INTC is clearly a value play and not a growth play. It has also provided a respectable dividend yield for its investors over the years. As a result of its recent post-FQ3 sell-off, the annualized yield has recovered to 2.8%. INTC investors have been very comfortable sitting on its robust profitability and its solid dividend yields over the years. These value and dividend income investors don't invest in INTC stock for growth. They invest in it for its value and its dividends.\nPat Gelsinger's ambitious growth plans have thrown them a curveball that they didn't expect. When Intel communicated that these plans would have a discernible impact on its profitability, they feared for their dividends. Perhaps, Gelsinger is banking on a turnover of its investor base. The company could potentially be a huge winner if it succeeds on its growth roadmap. Given that the expectations are so low now, it doesn't even have to be immensely successful for the stock to be re-rated upwards. The huge difference in the growth premium between INTC and its faster growth peers is eye-catching. We think investors who have patience and are willing to ride out the short-term volatility might find INTC stock attractively valued right now. Coupled with a 2.8% dividend yield, it adds more gloss to its premise. Adding on a potential growth re-rating, the stock certainly looks attractive.\nDespite that, INTC's long-term momentum has remained weak. The stock's long-term price action has also been much weaker than AMD stock. We recall that Buffett emphasized that he has no qualms about paying a fair price for a fantastic company.\nTherefore, we think AMD stock represents our preferred Buy for now.INTC stock is also a Buy for dividend and value investors. At the same time, we retain our Neutral rating on NVDA.\nThis article was written by JR Research.","news_type":1,"symbols_score_info":{"NVDA":0.9,"AMD":0.9,"INTC":0.9}},"isVote":1,"tweetType":1,"viewCount":627,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693485804,"gmtCreate":1640062985903,"gmtModify":1640062986075,"author":{"id":"3585785590601618","authorId":"3585785590601618","name":"Miketee74","avatar":"https://static.tigerbbs.com/39ed6ce9ab275997fb8f94ff8e41a440","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585785590601618","idStr":"3585785590601618"},"themes":[],"htmlText":"Expert’s talk! 🤣🤣 let’s see what will be their standard.&nbsp;","listText":"Expert’s talk! 🤣🤣 let’s see what will be their standard.&nbsp;","text":"Expert’s talk! 🤣🤣 let’s see what will be their standard.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/693485804","repostId":"1175468667","repostType":4,"repost":{"id":"1175468667","kind":"news","pubTimestamp":1640055555,"share":"https://www.laohu8.com/m/news/1175468667?lang=zh_CN&edition=full","pubTime":"2021-12-21 10:59","market":"us","language":"en","title":"RIVN, LCID, GOEV, FSR: Why Are EV Stocks Down Today?<blockquote>RIVN、LCID、GOEV、FSR：为什么电动汽车股票今天下跌？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175468667","media":"InvestorPlace","summary":"This was a memorable year for electric vehicle (EV) stocks. From a special purpose acquisition compa","content":"<p><div> This was a memorable year for electric vehicle (EV) stocks. From a special purpose acquisition company (SPAC) merger that saw Churchill Capital take Lucid(NASDAQ:LCID) public to Rivian’s(NASDAQ:RIVN) ...</p><p><blockquote><div>对于电动汽车（EV）股票来说，这是值得纪念的一年。从Churchill Capital将Lucid（纳斯达克：LCID）上市的特殊目的收购公司(SPAC)合并到Rivian（纳斯达克：RIVN）...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/rivn-lcid-goev-fsr-why-are-ev-stocks-down-today/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/rivn-lcid-goev-fsr-why-are-ev-stocks-down-today/\">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>RIVN, LCID, GOEV, FSR: Why Are EV Stocks Down Today?<blockquote>RIVN、LCID、GOEV、FSR：为什么电动汽车股票今天下跌？</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\">\nRIVN, LCID, GOEV, FSR: Why Are EV Stocks Down Today?<blockquote>RIVN、LCID、GOEV、FSR：为什么电动汽车股票今天下跌？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-21 10:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> This was a memorable year for electric vehicle (EV) stocks. From a special purpose acquisition company (SPAC) merger that saw Churchill Capital take Lucid(NASDAQ:LCID) public to Rivian’s(NASDAQ:RIVN) ...</p><p><blockquote><div>对于电动汽车（EV）股票来说，这是值得纪念的一年。从Churchill Capital将Lucid（纳斯达克：LCID）上市的特殊目的收购公司(SPAC)合并到Rivian（纳斯达克：RIVN）...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/rivn-lcid-goev-fsr-why-are-ev-stocks-down-today/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/rivn-lcid-goev-fsr-why-are-ev-stocks-down-today/\">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/2021/12/rivn-lcid-goev-fsr-why-are-ev-stocks-down-today/\">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":{"FSR":"菲斯克","LCID":"Lucid Group Inc","RIVN":"Rivian Automotive, Inc."},"source_url":"https://investorplace.com/2021/12/rivn-lcid-goev-fsr-why-are-ev-stocks-down-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175468667","content_text":"This was a memorable year for electric vehicle (EV) stocks. From a special purpose acquisition company (SPAC) merger that saw Churchill Capital take Lucid(NASDAQ:LCID) public to Rivian’s(NASDAQ:RIVN) blockbuster initial public offering (IPO), EV stocks have taken investors for quite a joyride.\nHowever, as the year closes out, reality is starting to set in. It’s no secret that many EV companies are reporting $0 in earnings with sky-high market capitalizations. Other EV companies are looking to rival Tesla(NASDAQ:TSLA) even without concrete plans for scalability.\nThis momentum in EV stocks has helped companies generate incredible returns this year. However, whether or not these companies can report deliveries and sales that will justify their market caps remains the big question. This period of questioning is weighing on Rivian, Lucid,Fisker(NYSE:FSR) and Canoo(NASDAQ:GOEV) today.\nWhy Are EV Stocks Down Today?\nA majority of today’s EVs use lithium-ion batteries, making it a key component in the supply chain. However, a report released by theWall Street Journal details how the scarcity of lithium has driven prices up as EV makers race to acquire the metal. According to research firm Benchmark Mineral Intelligence, the price of lithium has doubled between May and November and is up 240% year to date (YTD). There is plenty of lithium waiting to be mined, but the process to convert it to battery-grade chemicals is lengthy and costly. Additionally, supply has been struggling to keep up with demand, as producers of lithium often face environmental opposition and long, strung out permitting processes. Ultimately, fears of rising lithium prices has investors questioning whether EV companies can make delivery and production targets in 2022.\nA cautious note from Guggenheim is also sending EV stocks down today. Analyst Ali Faghri initiated coverage on Lucid with a price target of $38 and Tesla, with a price target of $924. However, it wasn’t the price target that scared investors. Faghri mentioned that:\n\n “In the near term, however, we believe EV adoption may fall short of industry forecasts, particularly in the US due to a less onerous regulatory backdrop and limited product launches in key market segments. We also see insufficient domestic charging infrastructure and battery capacity as near-term bottlenecks.”\n\nFaghri echoed the WSJ’s fears of a battery shortage as lithium prices continue to rise higher. Heading into 2022, Guggenheim remains cautious on EV stocks.","news_type":1,"symbols_score_info":{"LCID":0.9,"FSR":0.9,"GOEV":0.9,"RIVN":0.9}},"isVote":1,"tweetType":1,"viewCount":2538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}