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2021-10-26

Go AMD!

AMD Q3 Earnings: Beat And Raise Ahead<blockquote>AMD第三季度收益：超越并提高</blockquote>

2021-10-21

Wow ok

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2021-10-19

NIO will be a good buy for the long haul.

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2021-10-16

Really? Ok

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2021-10-12

It’s about time. Go Sofi go! [Grin]

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2021-10-12

Sure ok

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2021-09-07

Hmmm ok

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2021-09-02

Buy SoFi and hold long term to be rewarded.

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2021-08-27

AMC to the moon and beyond!!! 🚀🚀🚀

AMC Stock: Running Of The Bulls Knocks Short Sellers Down<blockquote>AMC股票：多头的奔跑击倒了卖空者</blockquote>

2021-08-26

These are good tickers to buy and hold, just haveto be patient. [Grin]

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2021-08-18

AMC to the moon!! 🚀🚀🚀

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2021-08-17

Buy NIO and hold to be rewarded in the long term.

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2021-08-14

Go NIO Go!!! [Grin]

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2021-08-13

SoFi stock is way under valued. But I’m confidentit will bounce back by end of the year. [Grin]

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2021-08-12

NIO to the moon! Go NIO go! [Cool]

Nio released earnings Wednesday. Here’s how to value its stock compared to Tesla, Ford and other rivals<blockquote>蔚来周三发布了财报。以下是与特斯拉、福特和其他竞争对手相比如何评估其股票的价值</blockquote>

2021-08-10

AMC will moon! Just need to be patient, buy and hodl. [Grin]

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2021-08-08

That’s why there’s a saying that you will never berich making money in a honest way.

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2021-08-07

Tesla, NIO, Li Auto, Xpeng are better buys

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2021-08-06

I wonder who is really the one manipulating the stock. How can it be retail investors? What a joke.“AMC stock has mostly exploded higher as a result of misguided interest from a group of retail traders who believe that manipulating the price of the security higher will create an infinite short squeeze that some traders hope will eventually value the company in the hundreds of billions of dollars.”

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2021-08-05

Go AMD go! [Grin]

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After Intel results, especially the&nbsp;Chromebook meltdown&nbsp;hat many investors seem to not have noticed, the investment community may be wondering if Advanced Micro Devices(NASDAQ:AMD)&nbsp;will also disappoint. It is a reasonable concern given the worries about the COVID demand peak and the end of the semiconductor cycle.</p><p><blockquote>英特尔（纳斯达克股票代码：INTC）第三季度业绩和指引的预期令投资者失望。在英特尔业绩公布后，尤其是许多投资者似乎没有注意到的Chromebook崩溃，投资界可能想知道Advanced Micro Devices（纳斯达克股票代码：AMD）是否也会令人失望。考虑到对新冠疫情需求高峰和半导体周期结束的担忧，这是一个合理的担忧。</blockquote></p><p> On the contrary, AMD management has been telegraphing a strong H2 and 2022 for a while now. As such, during the Q2 earnings call, and in subsequent investor events, AMD management has guided that the Company is growing in H2 in all key segments including datacenter CPU, client CPU, GPU, and Consoles.</p><p><blockquote>相反，AMD管理层一段时间以来一直在预测下半年和2022年会表现强劲。因此，在第二季度财报看涨期权以及随后的投资者活动中，AMD管理层表示，该公司下半年在所有关键领域都在增长，包括数据中心CPU、客户端CPU、GPU和控制台。</blockquote></p><p> After reviewing Q3 customer and channel developments as well as the upcoming product releases,<i>Beyond the Hype</i>&nbsp;assesses that AMD is operating at a different level than Intel and, unlike its peer, is likely to deliver a solid beat and provide for strong guidance.</p><p><blockquote>在回顾了第三季度客户和渠道发展以及即将发布的产品之后，<i>超越炒作</i>评估认为AMD的运营水平与英特尔不同，并且与同行不同，AMD可能会提供稳健的表现并提供强有力的指导。</blockquote></p><p> <b>Data Center Business Is Booming</b></p><p><blockquote><b>数据中心业务蓬勃发展</b></blockquote></p><p> AMD’s earning highlight for Q3, by a wide margin, is likely to be its data center business.<i>Beyond The Hype</i>estimates that the growth in this highly desirable segment in Q3 will be spectacular. Intel results apart, indications are that cloud service provider demand was very strong during the quarter. Intel’s weakness with cloud SPs seems to be stemming mainly from AMD taking market share, especially with large core devices where Intel has no good alternatives to offer. Outside of cloud service providers, AMD management has guided for, and reiterated, strong corporate demand in Q3 – strong corporate demand has also been validated by Intel, Micron(NASDAQ:MU), and others during their respective earnings calls.</p><p><blockquote>AMD第三季度的盈利亮点很可能是其数据中心业务。<i>超越炒作</i>据估计，第三季度这一非常受欢迎的细分市场的增长将非常惊人。除了英特尔的业绩之外，有迹象表明本季度云服务提供商的需求非常强劲。英特尔在云SP方面的弱点似乎主要源于AMD抢占市场份额，特别是在英特尔没有好的替代品的大型核心设备方面。除了云服务提供商之外，AMD管理层还指导并重申了第三季度强劲的企业需求——英特尔、美光科技（纳斯达克股票代码：MU）和其他公司在各自的盈利评级上也验证了强劲的企业需求。</blockquote></p><p> In addition to cloud SP and corporate servers, there is a powerful High-Performance Computing, or HPC, dynamic at play at AMD that most market observers have not caught on. Unbeknownst to many, AMD is now dominating the HPC design win scene and taking serious market share from Intel and Nvidia(NASDAQ:NVDA). While NVDA’s GPU and accelerators continue to do well in AI, AMD is now becoming a major threat in the HPC accelerator business. Preliminary leaks suggest that AMD’s MI200 accelerator, which is set to be announced soon, is likely to beat Nvidia alternatives in many HPC applications. Note that MI200 is not vaporware or some futuristic pie-in-the-sky product. Management has already let it be known that AMD has shipped a small volume of MI200 GPU accelerators in Q2. These were likely shipped to the Frontier supercomputer project and other similar HPC applications.</p><p><blockquote>除了云SP和企业服务器之外，AMD还有一种强大的高性能计算(HPC)动态，但大多数市场观察家尚未了解。许多人不知道的是，AMD现在在HPC设计领域占据主导地位，并从英特尔和英伟达（纳斯达克：NVDA）手中夺取了大量市场份额。虽然NVDA的GPU和加速器在AI领域继续表现出色，但AMD现在正在成为HPC加速器业务的主要威胁。初步泄露表明，AMD即将发布的MI200加速器很可能会在许多HPC应用中击败Nvidia的替代品。请注意，MI200不是vaporware或一些未来派的天上掉馅饼产品。管理层已经宣布AMD在第二季度出货了少量MI200 GPU加速器。这些很可能被运送到前沿超级计算机项目和其他类似的HPC应用程序。</blockquote></p><p> A few next-generation Trento EPYC chips, optimized for HPC applications, are also being shipped with the MI200 GPUs to these same customers. Like MI200, Trento EPYC is unreleased, and not much is known about its performance. But that will not stop the Company from realizing revenues from this product during the quarter. Management commentary to date, as well as Frontier PR so far indicates that the system will be largely built out by the end of 2021. Furthermore, AMD will also be recognizing revenues for silicon and services into 2 more HPC systems in H2 - LUMI and Pawsey. Between these three projects, it seems reasonable to assume that AMD will record about $300M in revenues in Q3, another $300M in Q4, and another couple of hundred million in H1 2022. While these HPC volumes, especially from large supercomputers like Frontier, are lumpy, AMD will deliver strong revenues from this segment in 2021 and 2022. HPC should contribute meaningfully to AMD datacenter growth in Q3 and beyond.</p><p><blockquote>一些针对HPC应用进行了优化的下一代Trento EPYC芯片也与MI200 GPU一起交付给这些客户。与MI200一样，Trento EPYC尚未发布，人们对其性能知之甚少。但这不会阻止该公司在本季度实现该产品的收入。迄今为止的管理层评论以及Frontier PR表明，该系统将于2021年底基本建成。此外，AMD还将确认H2另外两个HPC系统（米露和波西）的硅和服务收入。在这三个项目之间，似乎有理由假设AMD将在第三季度实现约3亿美元的收入，在第四季度再实现3亿美元的收入，在2022年上半年再实现数亿美元的收入。虽然这些HPC量，尤其是来自Frontier等大型超级计算机的HPC量不稳定，但AMD将在2021年和2022年从这一领域带来强劲的收入。HPC应该会在第三季度及以后为AMD数据中心的增长做出有意义的贡献。</blockquote></p><p> All these items are pointing to substantial share gains for AMD in the data center CPU and GPUs fronts in Q2.<i>Beyond The Hype</i>estimates that, in Q3, AMD grew data center CPU market share by at least 200 basis points and data center GPU market share by at least 300 basis points. This likely contributed to an incremental $300M to $400M or more data center demand for AMD from Q2 levels.</p><p><blockquote>所有这些都表明AMD在第二季度数据中心CPU和GPU领域的份额将大幅增长。<i>超越炒作</i>据估计，第三季度AMD的数据中心CPU市场份额增长了至少200个基点，数据中心GPU市场份额增长了至少300个基点。这可能导致AMD的数据中心需求较第二季度增加3亿至4亿美元或更多。</blockquote></p><p> <b>Ryzen X86 Laptops Continue To Ramp But Chromebooks Are A Headwind</b></p><p><blockquote><b>Ryzen X86笔记本电脑继续增长，但Chromebook是一个阻力</b></blockquote></p><p></p><p> One of the key drivers of AMD’s growth during H1 was the company’s Ryzen laptop product line. Management has claimed that its new 5000 series products have garnered 150+ designs which are expected to ramp throughout the year. Management guidance suggests that laptops will continue to ramp in Q3. Checks show companies such as Lenovo continuing to introduce new products steadily. On the flip side, Chromebook sales have plummeted in the quarter. Although Intel has much of the Chromebook business, it is reasonable to expect that AMD too would have seen some softness on this front during the quarter. The high-end Ryzen laptop ramp may be offset somewhat by the slowdown in Chromebooks, and it is possible that there may not be significant revenue upside on the laptop revenue front in Q3.</p><p><blockquote>AMD上半年增长的关键驱动力之一是该公司的Ryzen笔记本电脑产品线。管理层声称，其新的5000系列产品已获得150多种设计，预计全年将增加。管理层指导表明，笔记本电脑将在第三季度继续增长。检查显示，联想等公司继续稳步推出新产品。另一方面，Chromebook的销量在本季度直线下降。尽管英特尔拥有大部分Chromebook业务，但有理由预计AMD在本季度也会在这方面出现一些疲软。高端锐龙笔记本电脑的增长可能会在一定程度上被Chromebooks的放缓所抵消，并且第三季度笔记本电脑收入方面可能不会有显着的收入增长。</blockquote></p><p> Nevertheless,<i>Beyond The Hype</i>&nbsp;predicts that AMD gained at least 400 basis point market share in the laptop CPU segment in Q3.</p><p><blockquote>然而，<i>超越炒作</i>预测AMD在第三季度在笔记本电脑CPU领域获得了至少400个基点的市场份额。</blockquote></p><p> <b>GPU Sales Up Strongly In Q3</b></p><p><blockquote><b>第三季度GPU销量强劲增长</b></blockquote></p><p> After several quarters of having severe constraints on GPU supply, AMD was able to ship a decent volume of existing and new GPUs in the quarter. At the end of the quarter, in addition to increasing gaming laptops, channel checks suggested that several of Radeon 6000 series GPUs were available in the retail channel. The 6600 series, catering to low-end gaming, was also launched in the quarter and has been outselling other GPUs at key retailers. Although these were priced well over MSRP, even having stock in the channel is a refreshing change from prior quarters.</p><p><blockquote>经过几个季度GPU供应受到严重限制后，AMD在本季度能够出货相当数量的现有和新GPU。在本季度末，除了增加游戏笔记本电脑外，渠道检查表明，零售渠道中有几款Radeon 6000系列GPU。迎合低端游戏的6600系列也在本季度推出，在主要零售商的销量一直超过其他GPU。尽管这些产品的价格远高于建议零售价，但与前几个季度相比，即使渠道中有库存也是一个令人耳目一新的变化。</blockquote></p><p> It appears likely that AMD shipped $100M to $200M, or more, of additional GPU products in Q3 compared to Q2. The upside here could be substantial – limited only by AMD’s supply chain.</p><p><blockquote>与第二季度相比，AMD第三季度的GPU产品出货量可能会增加1亿至2亿美元，甚至更多。这里的上升空间可能是巨大的——仅受到AMD供应链的限制。</blockquote></p><p> <b>Console Business Picking Up</b></p><p><blockquote><b>主机业务回暖</b></blockquote></p><p> It is well known that AMD supplies gaming console chips to two of the largest console customers – Sony(NYSE:SONY)and Microsoft(NASDAQ:MSFT). The second half of the year is seasonally strong for consoles and indications are that both Sony and Microsoft have seen an uptick in console sales in Q3. Furthermore, AMD is also designed into the upcoming portable Steam Deck console. Strong demand from existing customers as well as ramp-up of the new Steam Deck console suggests that AMD could have about $50M of console upside during Q3 compared to Q2 levels.</p><p><blockquote>众所周知，AMD向两个最大的游戏机客户——索尼（纽约证券交易所股票代码：SONY）和微软（纳斯达克股票代码：MSFT）供应游戏机芯片。今年下半年游戏机季节性强劲，有迹象表明，索尼和微软在第三季度的游戏机销量都有所上升。此外，AMD还被设计到即将推出的便携式Steam Deck控制台中。现有客户的强劲需求以及新Steam Deck游戏机的增长表明，与第二季度的水平相比，AMD第三季度的游戏机上涨空间可能约为5000万美元。</blockquote></p><p> <b>Tying It All Up</b></p><p><blockquote><b>把一切都绑起来</b></blockquote></p><p> Based on how the quarter has proceeded, it is exceedingly likely that AMD will ship $300M-$400M incremental EPYC revenues in enterprise and datacenter, $100M to $200M incremental revenues in GPUs, and about $50M incremental console sales between the new Steam Deck console, and existing PS5 and Xbox consoles. In other words, AMD could potentially ship between $450M to $650M in incremental revenues compared to Q2.</p><p><blockquote>根据本季度的进展情况，AMD极有可能在企业和数据中心领域增加3亿至4亿美元的EPYC收入，在GPU领域增加1亿至2亿美元的收入，以及新的Steam Deck游戏机之间增加约5000万美元的游戏机销售额，以及现有的PS5和Xbox游戏机。换句话说，与第二季度相比，AMD可能会增加4.5亿至6.5亿美元的收入。</blockquote></p><p> On a $3.85B Q2 baseline, this suggests revenue potential between $4.3B to $4.5B in revenues as opposed to $4.1B in guidance. As such, it is possible that AMD had much more demand, and ship more, especially on the data center CPU and client GPU fronts. The challenge for AMD is not product demand but if AMD has the supply to meet the demand.</p><p><blockquote>在$38.5亿Q2基线上，这表明收入潜力在$43亿至$45亿之间，而指导值为$41亿。因此，AMD的需求可能会更多，出货量也会更多，尤其是在数据中心CPU和客户端GPU方面。AMD面临的挑战不是产品需求，而是AMD是否有供应来满足需求。</blockquote></p><p> A nice revenue beat is only half the story. The other half of the story is gross margins. Keen readers may have noticed that much of the incremental Q3 revenue discussed above comes with juicy margins. AMD’s margins on EPYC and MI200 GPU are much higher than the corporate average. Thanks to insatiable crypto demand and elevated GPU prices, GPU margins are also likely to be healthy. Considering the mix involved, Q3 gross margin is likely to be at least 100 basis points above guidance.</p><p><blockquote>不错的收入增长只是故事的一半。故事的另一半是毛利率。敏锐的读者可能已经注意到，上面讨论的第三季度增量收入大部分都带有丰厚的利润。AMD在EPYC和MI200 GPU上的利润率远高于企业平均水平。由于永不满足的加密需求和GPU价格上涨，GPU利润率也可能保持健康。考虑到所涉及的组合，第三季度毛利率可能比指导值高出至少100个基点。</blockquote></p><p> <b>Guidance For 2022 And Beyond</b></p><p><blockquote><b>2022年及以后的指导</b></blockquote></p><p> As strong as Q3 likely was, AMD’s strong product offerings for servers, clients, and consoles mean that AMD is likely to continue to grow rapidly – especially in the data center where its products are most advantaged. This will drive strong revenues and strengthen margins for the foreseeable future. Note also that the Xilinx(NASDAQ:XLNX)acquisition is expected to close before the end of the year and all future estimates will have to include Xilinx contributions. And Xilinx’s average margins are much higher than AMD’s and could push up AMD’s combined gross margin by a few hundred basis points. Thanks to organic margin growth and a kicker from Xilinx, AMD should comfortably deliver 50%+ gross margins in 2022. As such, in 2022, it is highly likely that AMD’s gross margins will surpass Intel’s gross margins. If Xilinx acquisition closes before the end of the month, it is possible that AMD’s gross margin could cross Intel’s gross margin in Q4 itself.</p><p><blockquote>尽管第三季度可能表现强劲，但AMD针对服务器、客户端和控制台的强大产品意味着AMD可能会继续快速增长，尤其是在其产品最具优势的数据中心。在可预见的未来，这将推动强劲的收入并提高利润率。另请注意，赛灵思（纳斯达克股票代码：XLNX）的收购预计将在今年年底前完成，所有未来的估计都必须包括赛灵思的贡献。赛灵思的平均利润率远高于AMD，可能会将AMD的综合毛利率推高数百个基点。得益于有机利润率的增长和Xilinx的推动，AMD应该会在2022年轻松实现50%以上的毛利率。因此，到2022年，AMD的毛利率很有可能超过英特尔的毛利率。如果Xilinx收购在本月底之前完成，AMD的毛利率可能会在第四季度超过英特尔的毛利率。</blockquote></p><p> In summary, AMD is set to deliver a strong beat and raise. AMD is in a period of explosive revenue and gross margin growth, and the Company’s valuation should continue to expand meaningfully going forward.</p><p><blockquote>总而言之，AMD将带来强劲的增长。AMD正处于收入和毛利率爆炸性增长时期，未来该公司的估值应该会继续大幅扩张。</blockquote></p><p> <i>An earlier, more expansive, version of this article was published to Beyond The Hype subscribers on September 13th when AMD stock was trading below $105.</i></p><p><blockquote><i>9月13日，当AMD股票交易价格低于105美元时，本文的更早、更广泛的版本发布给Beyond The Hype订阅者。</i></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD Q3 Earnings: Beat And Raise Ahead<blockquote>AMD第三季度收益：超越并提高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\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\">\nAMD Q3 Earnings: Beat And Raise Ahead<blockquote>AMD第三季度收益：超越并提高</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\">2021-10-25 11:30</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>With Intel disappointing this earnings season and with red flags on Chromebook demand, how will AMD do this earnings season?</li>  <li>The article explains the many tailwinds that AMD is witnessing due to its strong product portfolio and how they may shape Q3 and the future.</li>  <li>The article also estimates the impact of huge momentum AMD has in HPC and the impact of some less well known supercomputer wins.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/08c1648ab993b936505e940848901a89\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>JHVEPhoto/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>由于英特尔在本财报季令人失望，Chromebook需求出现危险信号，AMD在本财报季将如何表现？</li><li>这篇文章解释了AMD因其强大的产品组合而见证的许多顺风，以及它们可能如何塑造第三季度和未来。</li><li>文章还估计了AMD在HPC领域的巨大势头的影响，以及一些鲜为人知的超级计算机胜利的影响。</li></ul><p class=\"t-img-caption\"><span>JHVEPhoto/iStock社论来自Getty Images</span></p></blockquote></p><p> Intel(NASDAQ:INTC)&nbsp;disappointed investors with its Q3 results and guidance as&nbsp;forecasted. After Intel results, especially the&nbsp;Chromebook meltdown&nbsp;hat many investors seem to not have noticed, the investment community may be wondering if Advanced Micro Devices(NASDAQ:AMD)&nbsp;will also disappoint. It is a reasonable concern given the worries about the COVID demand peak and the end of the semiconductor cycle.</p><p><blockquote>英特尔（纳斯达克股票代码：INTC）第三季度业绩和指引的预期令投资者失望。在英特尔业绩公布后，尤其是许多投资者似乎没有注意到的Chromebook崩溃，投资界可能想知道Advanced Micro Devices（纳斯达克股票代码：AMD）是否也会令人失望。考虑到对新冠疫情需求高峰和半导体周期结束的担忧，这是一个合理的担忧。</blockquote></p><p> On the contrary, AMD management has been telegraphing a strong H2 and 2022 for a while now. As such, during the Q2 earnings call, and in subsequent investor events, AMD management has guided that the Company is growing in H2 in all key segments including datacenter CPU, client CPU, GPU, and Consoles.</p><p><blockquote>相反，AMD管理层一段时间以来一直在预测下半年和2022年会表现强劲。因此，在第二季度财报看涨期权以及随后的投资者活动中，AMD管理层表示，该公司下半年在所有关键领域都在增长，包括数据中心CPU、客户端CPU、GPU和控制台。</blockquote></p><p> After reviewing Q3 customer and channel developments as well as the upcoming product releases,<i>Beyond the Hype</i>&nbsp;assesses that AMD is operating at a different level than Intel and, unlike its peer, is likely to deliver a solid beat and provide for strong guidance.</p><p><blockquote>在回顾了第三季度客户和渠道发展以及即将发布的产品之后，<i>超越炒作</i>评估认为AMD的运营水平与英特尔不同，并且与同行不同，AMD可能会提供稳健的表现并提供强有力的指导。</blockquote></p><p> <b>Data Center Business Is Booming</b></p><p><blockquote><b>数据中心业务蓬勃发展</b></blockquote></p><p> AMD’s earning highlight for Q3, by a wide margin, is likely to be its data center business.<i>Beyond The Hype</i>estimates that the growth in this highly desirable segment in Q3 will be spectacular. Intel results apart, indications are that cloud service provider demand was very strong during the quarter. Intel’s weakness with cloud SPs seems to be stemming mainly from AMD taking market share, especially with large core devices where Intel has no good alternatives to offer. Outside of cloud service providers, AMD management has guided for, and reiterated, strong corporate demand in Q3 – strong corporate demand has also been validated by Intel, Micron(NASDAQ:MU), and others during their respective earnings calls.</p><p><blockquote>AMD第三季度的盈利亮点很可能是其数据中心业务。<i>超越炒作</i>据估计，第三季度这一非常受欢迎的细分市场的增长将非常惊人。除了英特尔的业绩之外，有迹象表明本季度云服务提供商的需求非常强劲。英特尔在云SP方面的弱点似乎主要源于AMD抢占市场份额，特别是在英特尔没有好的替代品的大型核心设备方面。除了云服务提供商之外，AMD管理层还指导并重申了第三季度强劲的企业需求——英特尔、美光科技（纳斯达克股票代码：MU）和其他公司在各自的盈利评级上也验证了强劲的企业需求。</blockquote></p><p> In addition to cloud SP and corporate servers, there is a powerful High-Performance Computing, or HPC, dynamic at play at AMD that most market observers have not caught on. Unbeknownst to many, AMD is now dominating the HPC design win scene and taking serious market share from Intel and Nvidia(NASDAQ:NVDA). While NVDA’s GPU and accelerators continue to do well in AI, AMD is now becoming a major threat in the HPC accelerator business. Preliminary leaks suggest that AMD’s MI200 accelerator, which is set to be announced soon, is likely to beat Nvidia alternatives in many HPC applications. Note that MI200 is not vaporware or some futuristic pie-in-the-sky product. Management has already let it be known that AMD has shipped a small volume of MI200 GPU accelerators in Q2. These were likely shipped to the Frontier supercomputer project and other similar HPC applications.</p><p><blockquote>除了云SP和企业服务器之外，AMD还有一种强大的高性能计算(HPC)动态，但大多数市场观察家尚未了解。许多人不知道的是，AMD现在在HPC设计领域占据主导地位，并从英特尔和英伟达（纳斯达克：NVDA）手中夺取了大量市场份额。虽然NVDA的GPU和加速器在AI领域继续表现出色，但AMD现在正在成为HPC加速器业务的主要威胁。初步泄露表明，AMD即将发布的MI200加速器很可能会在许多HPC应用中击败Nvidia的替代品。请注意，MI200不是vaporware或一些未来派的天上掉馅饼产品。管理层已经宣布AMD在第二季度出货了少量MI200 GPU加速器。这些很可能被运送到前沿超级计算机项目和其他类似的HPC应用程序。</blockquote></p><p> A few next-generation Trento EPYC chips, optimized for HPC applications, are also being shipped with the MI200 GPUs to these same customers. Like MI200, Trento EPYC is unreleased, and not much is known about its performance. But that will not stop the Company from realizing revenues from this product during the quarter. Management commentary to date, as well as Frontier PR so far indicates that the system will be largely built out by the end of 2021. Furthermore, AMD will also be recognizing revenues for silicon and services into 2 more HPC systems in H2 - LUMI and Pawsey. Between these three projects, it seems reasonable to assume that AMD will record about $300M in revenues in Q3, another $300M in Q4, and another couple of hundred million in H1 2022. While these HPC volumes, especially from large supercomputers like Frontier, are lumpy, AMD will deliver strong revenues from this segment in 2021 and 2022. HPC should contribute meaningfully to AMD datacenter growth in Q3 and beyond.</p><p><blockquote>一些针对HPC应用进行了优化的下一代Trento EPYC芯片也与MI200 GPU一起交付给这些客户。与MI200一样，Trento EPYC尚未发布，人们对其性能知之甚少。但这不会阻止该公司在本季度实现该产品的收入。迄今为止的管理层评论以及Frontier PR表明，该系统将于2021年底基本建成。此外，AMD还将确认H2另外两个HPC系统（米露和波西）的硅和服务收入。在这三个项目之间，似乎有理由假设AMD将在第三季度实现约3亿美元的收入，在第四季度再实现3亿美元的收入，在2022年上半年再实现数亿美元的收入。虽然这些HPC量，尤其是来自Frontier等大型超级计算机的HPC量不稳定，但AMD将在2021年和2022年从这一领域带来强劲的收入。HPC应该会在第三季度及以后为AMD数据中心的增长做出有意义的贡献。</blockquote></p><p> All these items are pointing to substantial share gains for AMD in the data center CPU and GPUs fronts in Q2.<i>Beyond The Hype</i>estimates that, in Q3, AMD grew data center CPU market share by at least 200 basis points and data center GPU market share by at least 300 basis points. This likely contributed to an incremental $300M to $400M or more data center demand for AMD from Q2 levels.</p><p><blockquote>所有这些都表明AMD在第二季度数据中心CPU和GPU领域的份额将大幅增长。<i>超越炒作</i>据估计，第三季度AMD的数据中心CPU市场份额增长了至少200个基点，数据中心GPU市场份额增长了至少300个基点。这可能导致AMD的数据中心需求较第二季度增加3亿至4亿美元或更多。</blockquote></p><p> <b>Ryzen X86 Laptops Continue To Ramp But Chromebooks Are A Headwind</b></p><p><blockquote><b>Ryzen X86笔记本电脑继续增长，但Chromebook是一个阻力</b></blockquote></p><p></p><p> One of the key drivers of AMD’s growth during H1 was the company’s Ryzen laptop product line. Management has claimed that its new 5000 series products have garnered 150+ designs which are expected to ramp throughout the year. Management guidance suggests that laptops will continue to ramp in Q3. Checks show companies such as Lenovo continuing to introduce new products steadily. On the flip side, Chromebook sales have plummeted in the quarter. Although Intel has much of the Chromebook business, it is reasonable to expect that AMD too would have seen some softness on this front during the quarter. The high-end Ryzen laptop ramp may be offset somewhat by the slowdown in Chromebooks, and it is possible that there may not be significant revenue upside on the laptop revenue front in Q3.</p><p><blockquote>AMD上半年增长的关键驱动力之一是该公司的Ryzen笔记本电脑产品线。管理层声称，其新的5000系列产品已获得150多种设计，预计全年将增加。管理层指导表明，笔记本电脑将在第三季度继续增长。检查显示，联想等公司继续稳步推出新产品。另一方面，Chromebook的销量在本季度直线下降。尽管英特尔拥有大部分Chromebook业务，但有理由预计AMD在本季度也会在这方面出现一些疲软。高端锐龙笔记本电脑的增长可能会在一定程度上被Chromebooks的放缓所抵消，并且第三季度笔记本电脑收入方面可能不会有显着的收入增长。</blockquote></p><p> Nevertheless,<i>Beyond The Hype</i>&nbsp;predicts that AMD gained at least 400 basis point market share in the laptop CPU segment in Q3.</p><p><blockquote>然而，<i>超越炒作</i>预测AMD在第三季度在笔记本电脑CPU领域获得了至少400个基点的市场份额。</blockquote></p><p> <b>GPU Sales Up Strongly In Q3</b></p><p><blockquote><b>第三季度GPU销量强劲增长</b></blockquote></p><p> After several quarters of having severe constraints on GPU supply, AMD was able to ship a decent volume of existing and new GPUs in the quarter. At the end of the quarter, in addition to increasing gaming laptops, channel checks suggested that several of Radeon 6000 series GPUs were available in the retail channel. The 6600 series, catering to low-end gaming, was also launched in the quarter and has been outselling other GPUs at key retailers. Although these were priced well over MSRP, even having stock in the channel is a refreshing change from prior quarters.</p><p><blockquote>经过几个季度GPU供应受到严重限制后，AMD在本季度能够出货相当数量的现有和新GPU。在本季度末，除了增加游戏笔记本电脑外，渠道检查表明，零售渠道中有几款Radeon 6000系列GPU。迎合低端游戏的6600系列也在本季度推出，在主要零售商的销量一直超过其他GPU。尽管这些产品的价格远高于建议零售价，但与前几个季度相比，即使渠道中有库存也是一个令人耳目一新的变化。</blockquote></p><p> It appears likely that AMD shipped $100M to $200M, or more, of additional GPU products in Q3 compared to Q2. The upside here could be substantial – limited only by AMD’s supply chain.</p><p><blockquote>与第二季度相比，AMD第三季度的GPU产品出货量可能会增加1亿至2亿美元，甚至更多。这里的上升空间可能是巨大的——仅受到AMD供应链的限制。</blockquote></p><p> <b>Console Business Picking Up</b></p><p><blockquote><b>主机业务回暖</b></blockquote></p><p> It is well known that AMD supplies gaming console chips to two of the largest console customers – Sony(NYSE:SONY)and Microsoft(NASDAQ:MSFT). The second half of the year is seasonally strong for consoles and indications are that both Sony and Microsoft have seen an uptick in console sales in Q3. Furthermore, AMD is also designed into the upcoming portable Steam Deck console. Strong demand from existing customers as well as ramp-up of the new Steam Deck console suggests that AMD could have about $50M of console upside during Q3 compared to Q2 levels.</p><p><blockquote>众所周知，AMD向两个最大的游戏机客户——索尼（纽约证券交易所股票代码：SONY）和微软（纳斯达克股票代码：MSFT）供应游戏机芯片。今年下半年游戏机季节性强劲，有迹象表明，索尼和微软在第三季度的游戏机销量都有所上升。此外，AMD还被设计到即将推出的便携式Steam Deck控制台中。现有客户的强劲需求以及新Steam Deck游戏机的增长表明，与第二季度的水平相比，AMD第三季度的游戏机上涨空间可能约为5000万美元。</blockquote></p><p> <b>Tying It All Up</b></p><p><blockquote><b>把一切都绑起来</b></blockquote></p><p> Based on how the quarter has proceeded, it is exceedingly likely that AMD will ship $300M-$400M incremental EPYC revenues in enterprise and datacenter, $100M to $200M incremental revenues in GPUs, and about $50M incremental console sales between the new Steam Deck console, and existing PS5 and Xbox consoles. In other words, AMD could potentially ship between $450M to $650M in incremental revenues compared to Q2.</p><p><blockquote>根据本季度的进展情况，AMD极有可能在企业和数据中心领域增加3亿至4亿美元的EPYC收入，在GPU领域增加1亿至2亿美元的收入，以及新的Steam Deck游戏机之间增加约5000万美元的游戏机销售额，以及现有的PS5和Xbox游戏机。换句话说，与第二季度相比，AMD可能会增加4.5亿至6.5亿美元的收入。</blockquote></p><p> On a $3.85B Q2 baseline, this suggests revenue potential between $4.3B to $4.5B in revenues as opposed to $4.1B in guidance. As such, it is possible that AMD had much more demand, and ship more, especially on the data center CPU and client GPU fronts. The challenge for AMD is not product demand but if AMD has the supply to meet the demand.</p><p><blockquote>在$38.5亿Q2基线上，这表明收入潜力在$43亿至$45亿之间，而指导值为$41亿。因此，AMD的需求可能会更多，出货量也会更多，尤其是在数据中心CPU和客户端GPU方面。AMD面临的挑战不是产品需求，而是AMD是否有供应来满足需求。</blockquote></p><p> A nice revenue beat is only half the story. The other half of the story is gross margins. Keen readers may have noticed that much of the incremental Q3 revenue discussed above comes with juicy margins. AMD’s margins on EPYC and MI200 GPU are much higher than the corporate average. Thanks to insatiable crypto demand and elevated GPU prices, GPU margins are also likely to be healthy. Considering the mix involved, Q3 gross margin is likely to be at least 100 basis points above guidance.</p><p><blockquote>不错的收入增长只是故事的一半。故事的另一半是毛利率。敏锐的读者可能已经注意到，上面讨论的第三季度增量收入大部分都带有丰厚的利润。AMD在EPYC和MI200 GPU上的利润率远高于企业平均水平。由于永不满足的加密需求和GPU价格上涨，GPU利润率也可能保持健康。考虑到所涉及的组合，第三季度毛利率可能比指导值高出至少100个基点。</blockquote></p><p> <b>Guidance For 2022 And Beyond</b></p><p><blockquote><b>2022年及以后的指导</b></blockquote></p><p> As strong as Q3 likely was, AMD’s strong product offerings for servers, clients, and consoles mean that AMD is likely to continue to grow rapidly – especially in the data center where its products are most advantaged. This will drive strong revenues and strengthen margins for the foreseeable future. Note also that the Xilinx(NASDAQ:XLNX)acquisition is expected to close before the end of the year and all future estimates will have to include Xilinx contributions. And Xilinx’s average margins are much higher than AMD’s and could push up AMD’s combined gross margin by a few hundred basis points. Thanks to organic margin growth and a kicker from Xilinx, AMD should comfortably deliver 50%+ gross margins in 2022. As such, in 2022, it is highly likely that AMD’s gross margins will surpass Intel’s gross margins. If Xilinx acquisition closes before the end of the month, it is possible that AMD’s gross margin could cross Intel’s gross margin in Q4 itself.</p><p><blockquote>尽管第三季度可能表现强劲，但AMD针对服务器、客户端和控制台的强大产品意味着AMD可能会继续快速增长，尤其是在其产品最具优势的数据中心。在可预见的未来，这将推动强劲的收入并提高利润率。另请注意，赛灵思（纳斯达克股票代码：XLNX）的收购预计将在今年年底前完成，所有未来的估计都必须包括赛灵思的贡献。赛灵思的平均利润率远高于AMD，可能会将AMD的综合毛利率推高数百个基点。得益于有机利润率的增长和Xilinx的推动，AMD应该会在2022年轻松实现50%以上的毛利率。因此，到2022年，AMD的毛利率很有可能超过英特尔的毛利率。如果Xilinx收购在本月底之前完成，AMD的毛利率可能会在第四季度超过英特尔的毛利率。</blockquote></p><p> In summary, AMD is set to deliver a strong beat and raise. AMD is in a period of explosive revenue and gross margin growth, and the Company’s valuation should continue to expand meaningfully going forward.</p><p><blockquote>总而言之，AMD将带来强劲的增长。AMD正处于收入和毛利率爆炸性增长时期，未来该公司的估值应该会继续大幅扩张。</blockquote></p><p> <i>An earlier, more expansive, version of this article was published to Beyond The Hype subscribers on September 13th when AMD stock was trading below $105.</i></p><p><blockquote><i>9月13日，当AMD股票交易价格低于105美元时，本文的更早、更广泛的版本发布给Beyond The Hype订阅者。</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4461703-amd-q3-earnings-beat-and-raise-ahead\">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":{"AMD":"美国超微公司"},"source_url":"https://seekingalpha.com/article/4461703-amd-q3-earnings-beat-and-raise-ahead","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149530520","content_text":"Summary\n\nWith Intel disappointing this earnings season and with red flags on Chromebook demand, how will AMD do this earnings season?\nThe article explains the many tailwinds that AMD is witnessing due to its strong product portfolio and how they may shape Q3 and the future.\nThe article also estimates the impact of huge momentum AMD has in HPC and the impact of some less well known supercomputer wins.\n\nJHVEPhoto/iStock Editorial via Getty Images\nIntel(NASDAQ:INTC) disappointed investors with its Q3 results and guidance as forecasted. After Intel results, especially the Chromebook meltdown hat many investors seem to not have noticed, the investment community may be wondering if Advanced Micro Devices(NASDAQ:AMD) will also disappoint. It is a reasonable concern given the worries about the COVID demand peak and the end of the semiconductor cycle.\nOn the contrary, AMD management has been telegraphing a strong H2 and 2022 for a while now. As such, during the Q2 earnings call, and in subsequent investor events, AMD management has guided that the Company is growing in H2 in all key segments including datacenter CPU, client CPU, GPU, and Consoles.\nAfter reviewing Q3 customer and channel developments as well as the upcoming product releases,Beyond the Hype assesses that AMD is operating at a different level than Intel and, unlike its peer, is likely to deliver a solid beat and provide for strong guidance.\nData Center Business Is Booming\nAMD’s earning highlight for Q3, by a wide margin, is likely to be its data center business.Beyond The Hypeestimates that the growth in this highly desirable segment in Q3 will be spectacular. Intel results apart, indications are that cloud service provider demand was very strong during the quarter. Intel’s weakness with cloud SPs seems to be stemming mainly from AMD taking market share, especially with large core devices where Intel has no good alternatives to offer. Outside of cloud service providers, AMD management has guided for, and reiterated, strong corporate demand in Q3 – strong corporate demand has also been validated by Intel, Micron(NASDAQ:MU), and others during their respective earnings calls.\nIn addition to cloud SP and corporate servers, there is a powerful High-Performance Computing, or HPC, dynamic at play at AMD that most market observers have not caught on. Unbeknownst to many, AMD is now dominating the HPC design win scene and taking serious market share from Intel and Nvidia(NASDAQ:NVDA). While NVDA’s GPU and accelerators continue to do well in AI, AMD is now becoming a major threat in the HPC accelerator business. Preliminary leaks suggest that AMD’s MI200 accelerator, which is set to be announced soon, is likely to beat Nvidia alternatives in many HPC applications. Note that MI200 is not vaporware or some futuristic pie-in-the-sky product. Management has already let it be known that AMD has shipped a small volume of MI200 GPU accelerators in Q2. These were likely shipped to the Frontier supercomputer project and other similar HPC applications.\nA few next-generation Trento EPYC chips, optimized for HPC applications, are also being shipped with the MI200 GPUs to these same customers. Like MI200, Trento EPYC is unreleased, and not much is known about its performance. But that will not stop the Company from realizing revenues from this product during the quarter. Management commentary to date, as well as Frontier PR so far indicates that the system will be largely built out by the end of 2021. Furthermore, AMD will also be recognizing revenues for silicon and services into 2 more HPC systems in H2 - LUMI and Pawsey. Between these three projects, it seems reasonable to assume that AMD will record about $300M in revenues in Q3, another $300M in Q4, and another couple of hundred million in H1 2022. While these HPC volumes, especially from large supercomputers like Frontier, are lumpy, AMD will deliver strong revenues from this segment in 2021 and 2022. HPC should contribute meaningfully to AMD datacenter growth in Q3 and beyond.\nAll these items are pointing to substantial share gains for AMD in the data center CPU and GPUs fronts in Q2.Beyond The Hypeestimates that, in Q3, AMD grew data center CPU market share by at least 200 basis points and data center GPU market share by at least 300 basis points. This likely contributed to an incremental $300M to $400M or more data center demand for AMD from Q2 levels.\nRyzen X86 Laptops Continue To Ramp But Chromebooks Are A Headwind\nOne of the key drivers of AMD’s growth during H1 was the company’s Ryzen laptop product line. Management has claimed that its new 5000 series products have garnered 150+ designs which are expected to ramp throughout the year. Management guidance suggests that laptops will continue to ramp in Q3. Checks show companies such as Lenovo continuing to introduce new products steadily. On the flip side, Chromebook sales have plummeted in the quarter. Although Intel has much of the Chromebook business, it is reasonable to expect that AMD too would have seen some softness on this front during the quarter. The high-end Ryzen laptop ramp may be offset somewhat by the slowdown in Chromebooks, and it is possible that there may not be significant revenue upside on the laptop revenue front in Q3.\nNevertheless,Beyond The Hype predicts that AMD gained at least 400 basis point market share in the laptop CPU segment in Q3.\nGPU Sales Up Strongly In Q3\nAfter several quarters of having severe constraints on GPU supply, AMD was able to ship a decent volume of existing and new GPUs in the quarter. At the end of the quarter, in addition to increasing gaming laptops, channel checks suggested that several of Radeon 6000 series GPUs were available in the retail channel. The 6600 series, catering to low-end gaming, was also launched in the quarter and has been outselling other GPUs at key retailers. Although these were priced well over MSRP, even having stock in the channel is a refreshing change from prior quarters.\nIt appears likely that AMD shipped $100M to $200M, or more, of additional GPU products in Q3 compared to Q2. The upside here could be substantial – limited only by AMD’s supply chain.\nConsole Business Picking Up\nIt is well known that AMD supplies gaming console chips to two of the largest console customers – Sony(NYSE:SONY)and Microsoft(NASDAQ:MSFT). The second half of the year is seasonally strong for consoles and indications are that both Sony and Microsoft have seen an uptick in console sales in Q3. Furthermore, AMD is also designed into the upcoming portable Steam Deck console. Strong demand from existing customers as well as ramp-up of the new Steam Deck console suggests that AMD could have about $50M of console upside during Q3 compared to Q2 levels.\nTying It All Up\nBased on how the quarter has proceeded, it is exceedingly likely that AMD will ship $300M-$400M incremental EPYC revenues in enterprise and datacenter, $100M to $200M incremental revenues in GPUs, and about $50M incremental console sales between the new Steam Deck console, and existing PS5 and Xbox consoles. In other words, AMD could potentially ship between $450M to $650M in incremental revenues compared to Q2.\nOn a $3.85B Q2 baseline, this suggests revenue potential between $4.3B to $4.5B in revenues as opposed to $4.1B in guidance. As such, it is possible that AMD had much more demand, and ship more, especially on the data center CPU and client GPU fronts. The challenge for AMD is not product demand but if AMD has the supply to meet the demand.\nA nice revenue beat is only half the story. The other half of the story is gross margins. Keen readers may have noticed that much of the incremental Q3 revenue discussed above comes with juicy margins. AMD’s margins on EPYC and MI200 GPU are much higher than the corporate average. Thanks to insatiable crypto demand and elevated GPU prices, GPU margins are also likely to be healthy. Considering the mix involved, Q3 gross margin is likely to be at least 100 basis points above guidance.\nGuidance For 2022 And Beyond\nAs strong as Q3 likely was, AMD’s strong product offerings for servers, clients, and consoles mean that AMD is likely to continue to grow rapidly – especially in the data center where its products are most advantaged. This will drive strong revenues and strengthen margins for the foreseeable future. Note also that the Xilinx(NASDAQ:XLNX)acquisition is expected to close before the end of the year and all future estimates will have to include Xilinx contributions. And Xilinx’s average margins are much higher than AMD’s and could push up AMD’s combined gross margin by a few hundred basis points. Thanks to organic margin growth and a kicker from Xilinx, AMD should comfortably deliver 50%+ gross margins in 2022. As such, in 2022, it is highly likely that AMD’s gross margins will surpass Intel’s gross margins. If Xilinx acquisition closes before the end of the month, it is possible that AMD’s gross margin could cross Intel’s gross margin in Q4 itself.\nIn summary, AMD is set to deliver a strong beat and raise. AMD is in a period of explosive revenue and gross margin growth, and the Company’s valuation should continue to expand meaningfully going forward.\nAn earlier, more expansive, version of this article was published to Beyond The Hype subscribers on September 13th when AMD stock was trading below $105.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":2593,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853974015,"gmtCreate":1634771336245,"gmtModify":1634771337741,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"Wow ok","listText":"Wow ok","text":"Wow ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/853974015","repostId":"2177314294","repostType":4,"isVote":1,"tweetType":1,"viewCount":3332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":850244274,"gmtCreate":1634605144326,"gmtModify":1634605145636,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"NIO will be a good buy for the long haul.","listText":"NIO will be a good buy for the long haul.","text":"NIO will be a good buy for the long haul.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/850244274","repostId":"2176482124","repostType":4,"isVote":1,"tweetType":1,"viewCount":2300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":824527382,"gmtCreate":1634341170291,"gmtModify":1634341171541,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"Really? Ok","listText":"Really? Ok","text":"Really? Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/824527382","repostId":"2175125261","repostType":4,"isVote":1,"tweetType":1,"viewCount":2697,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":826131527,"gmtCreate":1633996088902,"gmtModify":1633996089221,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"It’s about time. Go Sofi go! [Grin]&nbsp;","listText":"It’s about time. Go Sofi go! [Grin]&nbsp;","text":"It’s about time. Go Sofi go! [Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/826131527","repostId":"2174063183","repostType":2,"isVote":1,"tweetType":1,"viewCount":2334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":826103541,"gmtCreate":1633995034314,"gmtModify":1633995034650,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"Sure ok","listText":"Sure ok","text":"Sure ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/826103541","repostId":"2174120900","repostType":4,"isVote":1,"tweetType":1,"viewCount":3492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":817274655,"gmtCreate":1630972754677,"gmtModify":1631888801484,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"Hmmm ok","listText":"Hmmm ok","text":"Hmmm ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/817274655","repostId":"1184834324","repostType":4,"isVote":1,"tweetType":1,"viewCount":2057,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812008161,"gmtCreate":1630539771253,"gmtModify":1632474183590,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"Buy SoFi and hold long term to be rewarded.","listText":"Buy SoFi and hold long term to be rewarded.","text":"Buy SoFi and hold long term to be rewarded.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/812008161","repostId":"2163859252","repostType":2,"isVote":1,"tweetType":1,"viewCount":2838,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810748637,"gmtCreate":1630019506929,"gmtModify":1704954561494,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"AMC to the moon and beyond!!! 🚀🚀🚀","listText":"AMC to the moon and beyond!!! 🚀🚀🚀","text":"AMC to the moon and beyond!!! 🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/810748637","repostId":"1197918153","repostType":2,"repost":{"id":"1197918153","kind":"news","pubTimestamp":1629948466,"share":"https://www.laohu8.com/m/news/1197918153?lang=zh_CN&edition=full","pubTime":"2021-08-26 11:27","market":"us","language":"en","title":"AMC Stock: Running Of The Bulls Knocks Short Sellers Down<blockquote>AMC股票：多头的奔跑击倒了卖空者</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197918153","media":"Thestreet","summary":"The August 24 trading session provided AMC stock (AMC) -Get Report owners with reasons to be optimis","content":"<p>The August 24 trading session provided AMC stock&nbsp;(<b>AMC</b>) -Get Report&nbsp;owners with reasons to be optimistic about a run towards new peaks. Possibly motivated by broad market movements that were also positive, AMC surged 20% and finally broke into the $40 levels once again.</p><p><blockquote>8月24日交易时段提供了AMC股票(<b>AMC</b>)-让报告所有者有理由对迈向新高峰持乐观态度。可能是受到同样积极的市场走势的推动，AMC飙升20%，最终再次突破40美元的水平。</blockquote></p><p> Not yet satisfied, ambitious apes still believe that the recent move in AMC is just the tip of the iceberg, and that the path to the moon is gradually being paved. Wall Street Memes reviews AMC stock’s recent performance.</p><p><blockquote>尚未满足，野心勃勃的猿类仍然认为，AMC最近的举动只是冰山一角，通往月球的道路正在逐步铺就。华尔街模因回顾了AMC股票近期的表现。</blockquote></p><p> <h3>Broad market strength</h3> The US stock market had a record-breaking dayon August 24. In a week marked by chatter around monetary policy and the Jackson Hole symposium, vaccine approval news and the Chinese market’s retraction helped to fuel the market’s euphoria in the US.</p><p><blockquote><h3>广泛的市场实力</h3>8月24日，美国股市创下历史新高。在围绕货币政策和杰克逊霍尔研讨会的讨论中，疫苗批准的消息和中国市场的回调帮助刺激了美国市场的兴奋情绪。</blockquote></p><p> AMC trading volume reached about 220 million shares on August 24, more than double the average 10-day metric.</p><p><blockquote>8月24日，AMC交易量达到约2.2亿股，是10天平均水平的两倍多。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1cc490ca24ca006f0cad2c9b785eb27\" tg-width=\"1200\" tg-height=\"595\" width=\"100%\" height=\"auto\"><span>Figure 1: AMC historical data and trading volume.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：AMC历史数据和交易量。</span></p></blockquote></p><p> <h3>Bullish drivers</h3> AMC’s popularity across the main online discussion boards remains at peak levels. The top meme stock’s performance mirrored WallStreetBets’ commentary volume, although correlation does not necessarily mean causation.</p><p><blockquote><h3>看涨驱动因素</h3>AMC在主要在线讨论板上的受欢迎程度仍处于峰值水平。顶级模因股票的表现反映了WallStreetBets的评论量，尽管相关性并不一定意味着因果关系。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/81369ea6c61e3992aad71b0bb2d24e20\" tg-width=\"1200\" tg-height=\"609\" width=\"100%\" height=\"auto\"><span>Figure 2: WSB ticker sentiment - AMC.Swaggy Stocks</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：WSB股票情绪-AMC.Swaggy股票</span></p></blockquote></p><p> Short interest remains elevated and on the rise, at around 18% according to&nbsp;Yahoo Finance.&nbsp;Also, Wall Street analysts' bearishness towards the stock has served as fuel for defying AMC apes in their quest to squeeze short sellers out.</p><p><blockquote>根据雅虎财经的数据，空头兴趣仍然很高，并且还在上升，约为18%。此外，华尔街分析师对该股的看跌情绪也助长了AMC猿类寻求排挤卖空者的行为。</blockquote></p><p> The company’s recent financial performance may also be playing a role in stock price action. The&nbsp;above-expectations Q2 earnings report, which pointed at a scenario of post-pandemic recovery for AMC, reinforces the fundamentalist thesis. Keep in mind, however, that meme mania has much more to do with momentum and market dynamics than with business fundamentals.</p><p><blockquote>该公司最近的财务业绩也可能在股价走势中发挥作用。高于预期的第二季度收益报告指出了AMC大流行后复苏的情景，强化了原教旨主义论点。然而，请记住，模因狂热更多地与势头和市场动态有关，而不是与商业基本面有关。</blockquote></p><p> <h3>SEC looking closely at dark pools</h3> One of the biggest complaints and concerns of AMC shareholders is the lack of transparency in the market. There seems to be a consensus among the ape community that dark pool activities and naked short selling could be hampering AMC's ride to new highs.</p><p><blockquote><h3>SEC密切关注暗池</h3>AMC股东最大的抱怨和担忧之一是市场缺乏透明度。ape社区似乎达成了一个共识，即暗池活动和裸卖空可能会阻碍AMC创下新高。</blockquote></p><p> Recently, SEC Chair Gay Genslerspoke directly on the matter, stating that the agency is looking closely at dark pool activities&nbsp;to protect investors. While no firm action has been taken yet, the SEC’s willingness to address the issue can be seen as positive news.</p><p><blockquote>最近，SEC主席Gay Gensler直接就此事发表讲话，表示该机构正在密切关注暗池活动以保护投资者。虽然尚未采取坚定行动，但SEC解决这一问题的意愿可以被视为积极消息。</blockquote></p><p> <h3>Short sellers get slapped</h3> With over 92 million AMC shares currently shorted, sellers have racked up billions of dollars in losses since meme mania emerged. The latest data&nbsp;provided&nbsp;by third-party research reveals that, as of July 20, shorts had incurred year-to-date losses of $3.8 billion.</p><p><blockquote><h3>卖空者被扇耳光</h3>目前有超过9200万股AMC股票被做空，自模因狂热出现以来，卖家已经损失了数十亿美元。第三方研究提供的最新数据显示，截至7月20日，空头年初至今已损失38亿美元。</blockquote></p><p> Short seller losses are probably even higher now, since AMC stock has spiked 20% in August alone. Amid a new wave of optimism, bears might be playing with fire. How long will they withstand the upward pressures? Apes’ bet: not very long.</p><p><blockquote>现在卖空者的损失可能会更高，因为AMC股票仅在8月份就飙升了20%。在新一波乐观情绪中，空头可能在玩火。他们能承受多长时间的上行压力？猿类的赌注：不会很久。</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>AMC Stock: Running Of The Bulls Knocks Short Sellers Down<blockquote>AMC股票：多头的奔跑击倒了卖空者</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\">\nAMC Stock: Running Of The Bulls Knocks Short Sellers Down<blockquote>AMC股票：多头的奔跑击倒了卖空者</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Thestreet</strong><span class=\"h-time small\">2021-08-26 11:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The August 24 trading session provided AMC stock&nbsp;(<b>AMC</b>) -Get Report&nbsp;owners with reasons to be optimistic about a run towards new peaks. Possibly motivated by broad market movements that were also positive, AMC surged 20% and finally broke into the $40 levels once again.</p><p><blockquote>8月24日交易时段提供了AMC股票(<b>AMC</b>)-让报告所有者有理由对迈向新高峰持乐观态度。可能是受到同样积极的市场走势的推动，AMC飙升20%，最终再次突破40美元的水平。</blockquote></p><p> Not yet satisfied, ambitious apes still believe that the recent move in AMC is just the tip of the iceberg, and that the path to the moon is gradually being paved. Wall Street Memes reviews AMC stock’s recent performance.</p><p><blockquote>尚未满足，野心勃勃的猿类仍然认为，AMC最近的举动只是冰山一角，通往月球的道路正在逐步铺就。华尔街模因回顾了AMC股票近期的表现。</blockquote></p><p> <h3>Broad market strength</h3> The US stock market had a record-breaking dayon August 24. In a week marked by chatter around monetary policy and the Jackson Hole symposium, vaccine approval news and the Chinese market’s retraction helped to fuel the market’s euphoria in the US.</p><p><blockquote><h3>广泛的市场实力</h3>8月24日，美国股市创下历史新高。在围绕货币政策和杰克逊霍尔研讨会的讨论中，疫苗批准的消息和中国市场的回调帮助刺激了美国市场的兴奋情绪。</blockquote></p><p> AMC trading volume reached about 220 million shares on August 24, more than double the average 10-day metric.</p><p><blockquote>8月24日，AMC交易量达到约2.2亿股，是10天平均水平的两倍多。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1cc490ca24ca006f0cad2c9b785eb27\" tg-width=\"1200\" tg-height=\"595\" width=\"100%\" height=\"auto\"><span>Figure 1: AMC historical data and trading volume.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：AMC历史数据和交易量。</span></p></blockquote></p><p> <h3>Bullish drivers</h3> AMC’s popularity across the main online discussion boards remains at peak levels. The top meme stock’s performance mirrored WallStreetBets’ commentary volume, although correlation does not necessarily mean causation.</p><p><blockquote><h3>看涨驱动因素</h3>AMC在主要在线讨论板上的受欢迎程度仍处于峰值水平。顶级模因股票的表现反映了WallStreetBets的评论量，尽管相关性并不一定意味着因果关系。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/81369ea6c61e3992aad71b0bb2d24e20\" tg-width=\"1200\" tg-height=\"609\" width=\"100%\" height=\"auto\"><span>Figure 2: WSB ticker sentiment - AMC.Swaggy Stocks</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：WSB股票情绪-AMC.Swaggy股票</span></p></blockquote></p><p> Short interest remains elevated and on the rise, at around 18% according to&nbsp;Yahoo Finance.&nbsp;Also, Wall Street analysts' bearishness towards the stock has served as fuel for defying AMC apes in their quest to squeeze short sellers out.</p><p><blockquote>根据雅虎财经的数据，空头兴趣仍然很高，并且还在上升，约为18%。此外，华尔街分析师对该股的看跌情绪也助长了AMC猿类寻求排挤卖空者的行为。</blockquote></p><p> The company’s recent financial performance may also be playing a role in stock price action. The&nbsp;above-expectations Q2 earnings report, which pointed at a scenario of post-pandemic recovery for AMC, reinforces the fundamentalist thesis. Keep in mind, however, that meme mania has much more to do with momentum and market dynamics than with business fundamentals.</p><p><blockquote>该公司最近的财务业绩也可能在股价走势中发挥作用。高于预期的第二季度收益报告指出了AMC大流行后复苏的情景，强化了原教旨主义论点。然而，请记住，模因狂热更多地与势头和市场动态有关，而不是与商业基本面有关。</blockquote></p><p> <h3>SEC looking closely at dark pools</h3> One of the biggest complaints and concerns of AMC shareholders is the lack of transparency in the market. There seems to be a consensus among the ape community that dark pool activities and naked short selling could be hampering AMC's ride to new highs.</p><p><blockquote><h3>SEC密切关注暗池</h3>AMC股东最大的抱怨和担忧之一是市场缺乏透明度。ape社区似乎达成了一个共识，即暗池活动和裸卖空可能会阻碍AMC创下新高。</blockquote></p><p> Recently, SEC Chair Gay Genslerspoke directly on the matter, stating that the agency is looking closely at dark pool activities&nbsp;to protect investors. While no firm action has been taken yet, the SEC’s willingness to address the issue can be seen as positive news.</p><p><blockquote>最近，SEC主席Gay Gensler直接就此事发表讲话，表示该机构正在密切关注暗池活动以保护投资者。虽然尚未采取坚定行动，但SEC解决这一问题的意愿可以被视为积极消息。</blockquote></p><p> <h3>Short sellers get slapped</h3> With over 92 million AMC shares currently shorted, sellers have racked up billions of dollars in losses since meme mania emerged. The latest data&nbsp;provided&nbsp;by third-party research reveals that, as of July 20, shorts had incurred year-to-date losses of $3.8 billion.</p><p><blockquote><h3>卖空者被扇耳光</h3>目前有超过9200万股AMC股票被做空，自模因狂热出现以来，卖家已经损失了数十亿美元。第三方研究提供的最新数据显示，截至7月20日，空头年初至今已损失38亿美元。</blockquote></p><p> Short seller losses are probably even higher now, since AMC stock has spiked 20% in August alone. Amid a new wave of optimism, bears might be playing with fire. How long will they withstand the upward pressures? Apes’ bet: not very long.</p><p><blockquote>现在卖空者的损失可能会更高，因为AMC股票仅在8月份就飙升了20%。在新一波乐观情绪中，空头可能在玩火。他们能承受多长时间的上行压力？猿类的赌注：不会很久。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/memestocks/amc/amc-stock-running-of-the-bulls-knocks-short-sellers-down\">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":{"AMC":"AMC院线"},"source_url":"https://www.thestreet.com/memestocks/amc/amc-stock-running-of-the-bulls-knocks-short-sellers-down","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197918153","content_text":"The August 24 trading session provided AMC stock (AMC) -Get Report owners with reasons to be optimistic about a run towards new peaks. Possibly motivated by broad market movements that were also positive, AMC surged 20% and finally broke into the $40 levels once again.\nNot yet satisfied, ambitious apes still believe that the recent move in AMC is just the tip of the iceberg, and that the path to the moon is gradually being paved. Wall Street Memes reviews AMC stock’s recent performance.\nBroad market strength\nThe US stock market had a record-breaking dayon August 24. In a week marked by chatter around monetary policy and the Jackson Hole symposium, vaccine approval news and the Chinese market’s retraction helped to fuel the market’s euphoria in the US.\nAMC trading volume reached about 220 million shares on August 24, more than double the average 10-day metric.\nFigure 1: AMC historical data and trading volume.\nBullish drivers\nAMC’s popularity across the main online discussion boards remains at peak levels. The top meme stock’s performance mirrored WallStreetBets’ commentary volume, although correlation does not necessarily mean causation.\nFigure 2: WSB ticker sentiment - AMC.Swaggy Stocks\nShort interest remains elevated and on the rise, at around 18% according to Yahoo Finance. Also, Wall Street analysts' bearishness towards the stock has served as fuel for defying AMC apes in their quest to squeeze short sellers out.\nThe company’s recent financial performance may also be playing a role in stock price action. The above-expectations Q2 earnings report, which pointed at a scenario of post-pandemic recovery for AMC, reinforces the fundamentalist thesis. Keep in mind, however, that meme mania has much more to do with momentum and market dynamics than with business fundamentals.\nSEC looking closely at dark pools\nOne of the biggest complaints and concerns of AMC shareholders is the lack of transparency in the market. There seems to be a consensus among the ape community that dark pool activities and naked short selling could be hampering AMC's ride to new highs.\nRecently, SEC Chair Gay Genslerspoke directly on the matter, stating that the agency is looking closely at dark pool activities to protect investors. While no firm action has been taken yet, the SEC’s willingness to address the issue can be seen as positive news.\nShort sellers get slapped\nWith over 92 million AMC shares currently shorted, sellers have racked up billions of dollars in losses since meme mania emerged. The latest data provided by third-party research reveals that, as of July 20, shorts had incurred year-to-date losses of $3.8 billion.\nShort seller losses are probably even higher now, since AMC stock has spiked 20% in August alone. Amid a new wave of optimism, bears might be playing with fire. How long will they withstand the upward pressures? Apes’ bet: not very long.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810050690,"gmtCreate":1629936070610,"gmtModify":1633681385387,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"These are good tickers to buy and hold, just haveto be patient. [Grin]&nbsp;","listText":"These are good tickers to buy and hold, just haveto be patient. [Grin]&nbsp;","text":"These are good tickers to buy and hold, just haveto be patient. [Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/810050690","repostId":"1147590416","repostType":2,"isVote":1,"tweetType":1,"viewCount":2657,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":833207029,"gmtCreate":1629243616361,"gmtModify":1633686353957,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"AMC to the moon!! 🚀🚀🚀","listText":"AMC to the moon!! 🚀🚀🚀","text":"AMC to the moon!! 🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/833207029","repostId":"2160320769","repostType":4,"isVote":1,"tweetType":1,"viewCount":477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839416830,"gmtCreate":1629172867820,"gmtModify":1633686823111,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"Buy NIO and hold to be rewarded in the long term.","listText":"Buy NIO and hold to be rewarded in the long term.","text":"Buy NIO and hold to be rewarded in the long term.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/839416830","repostId":"1144644937","repostType":4,"isVote":1,"tweetType":1,"viewCount":758,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897128008,"gmtCreate":1628901050204,"gmtModify":1633688689538,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"Go NIO Go!!! [Grin]&nbsp;","listText":"Go NIO Go!!! [Grin]&nbsp;","text":"Go NIO Go!!! [Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/897128008","repostId":"2159215359","repostType":4,"isVote":1,"tweetType":1,"viewCount":486,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894126084,"gmtCreate":1628812750448,"gmtModify":1633689341718,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"SoFi stock is way under valued. But I’m confidentit will bounce back by end of the year. [Grin]&nbsp;","listText":"SoFi stock is way under valued. But I’m confidentit will bounce back by end of the year. [Grin]&nbsp;","text":"SoFi stock is way under valued. But I’m confidentit will bounce back by end of the year. [Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/894126084","repostId":"2159266201","repostType":4,"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895128744,"gmtCreate":1628729741488,"gmtModify":1633744786837,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"NIO to the moon! Go NIO go! [Cool]&nbsp;","listText":"NIO to the moon! Go NIO go! [Cool]&nbsp;","text":"NIO to the moon! Go NIO go! [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895128744","repostId":"1158059019","repostType":4,"repost":{"id":"1158059019","kind":"news","pubTimestamp":1628723143,"share":"https://www.laohu8.com/m/news/1158059019?lang=zh_CN&edition=full","pubTime":"2021-08-12 07:05","market":"us","language":"en","title":"Nio released earnings Wednesday. Here’s how to value its stock compared to Tesla, Ford and other rivals<blockquote>蔚来周三发布了财报。以下是与特斯拉、福特和其他竞争对手相比如何评估其股票的价值</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158059019","media":"Market Wacth","summary":"Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle mak","content":"<p>Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle maker’s prospects.</p><p><blockquote>蔚来可能是一家相对较小的公司。但投资者看好这家中国电动汽车制造商的前景。</blockquote></p><p> Chinese electric-vehicle maker Nio Inc., which sells no cars in the U.S., has a market capitalization of $60.2 billion. By that measure, it is larger than <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co., which was founded in 1903.</p><p><blockquote>中国电动汽车制造商蔚来在美国不销售汽车，其市值为602亿美元。以此衡量，它大于<a href=\"https://laohu8.com/S/F\">福特</a>汽车公司，成立于1903年。</blockquote></p><p> That might make sense to you as an investor — after all, Nio is an innovative company that sells only electric vehicles. Ford is a legacy auto maker that is working to catch up and eventually make a full transition to electric vehicles. Shares of Nio have more than tripled in the past year, while Ford’s have almost doubled after cratering in the previous decade.</p><p><blockquote>作为投资者，这对您来说可能是有意义的——毕竟，蔚来是一家只销售电动汽车的创新公司。福特是一家传统汽车制造商，正在努力迎头赶上并最终全面过渡到电动汽车。蔚来的股价在过去一年上涨了两倍多，而福特的股价在过去十年暴跌后几乎翻了一番。</blockquote></p><p> So where does NioNIO,-0.57%,which reported second-quarter results after the stock market closes Wednesday, fit in an investment thesis? Below are screens showing how its stock valuation compares to vehicle production, and how that valuation relates to projected earnings through 2025.</p><p><blockquote>那么，周三股市收盘后公布第二季度业绩的NioNIO(-0.57%)在投资论点中处于什么位置呢？下面的屏幕显示了其股票估值与汽车产量的比较，以及该估值与2025年预计收益的关系。</blockquote></p><p> Doubling car production</p><p><blockquote>汽车产量翻倍</blockquote></p><p> For the second quarter, Nio delivered 21,896 vehicles for a 112% increase from a year earlier. The growth is impressive, but the total number of vehicles sold is still relatively small.</p><p><blockquote>第二季度，蔚来交付了21,896辆汽车，同比增长112%。增长令人印象深刻，但销售的车辆总数仍然相对较少。</blockquote></p><p> Here’s a look at the 10 largest auto makers by market capitalization, along with their second-quarter sales or delivery numbers (whichever was higher, if both were reported) and additional color below the table:<img src=\"https://static.tigerbbs.com/aab892102ecbb4cc4eda647df8269bb9\" tg-width=\"791\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Click on the tickers for more about each company.</p><p><blockquote>以下是按市值计算的10家最大汽车制造商，以及它们第二季度的销售额或交付量（如果两者都报告，以较高者为准）以及表下方的附加颜色：单击股票代码了解有关每家公司的更多信息。</blockquote></p><p> You can see that those valuations are about the future, when innovators in the EV space — Tesla Inc.TSLA,-0.31%and Nio, on this list — may (or may not) become as large as legacy players.</p><p><blockquote>你可以看到，这些估值是关于未来的，届时电动汽车领域的创新者——特斯拉公司（TSLA，-0.31%）和蔚来（在此名单上）——可能（也可能不会）变得与传统企业一样大。</blockquote></p><p> For now, FordF,+0.80%churns out mostly internal combustion engine (ICE) vehicles at nearly 35 times the rate that Nio makes EVs.</p><p><blockquote>目前，福特汽车主要生产内燃机(ICE)汽车，其生产速度几乎是蔚来电动汽车生产速度的35倍。</blockquote></p><p> One thing to be aware of is that the legacy auto makers don’t all report their unit sales the same way. Most don’t break out electric vehicle sales.</p><p><blockquote>需要注意的一件事是，传统汽车制造商并不都以相同的方式报告其销量。大多数人都没有公布电动汽车销量。</blockquote></p><p> Among those that do, definitions vary. For example, Toyota Motor Corp.TM,+0.82%7203,+0.98%reported that “electrified vehicle” sales made up 26.6% of total auto sales during the second quarter. But that category includes:</p><p><blockquote>在那些这样做的国家中，定义各不相同。例如，丰田汽车公司(Toyota Motor Corp.TM,+0.82%7203,+0.98%)报告称，第二季度“电动汽车”销量占汽车总销量的26.6%。但该类别包括：</blockquote></p><p> <ul>  <li>HEV – hybrid EVs that are not plug-ins.</li>  <li>PHEV – plug-in electric vehicles.</li>  <li>BEV – battery electric vehicles.</li>  <li>FCEV – fuel-cell electric vehicles.</li> </ul> For Toyota, BEV made up only 0.2% of second-quarter sales, while they accounted for 100% of sales for Nio and Tesla. Toyota’s PHEV sales made up 1.4% of the total.</p><p><blockquote><ul><li>HEV-非插电式混合动力电动汽车。</li><li>插电式电动汽车。</li><li>纯电动汽车。</li><li>FCEV-燃料电池电动汽车。</li></ul>对于丰田来说，纯电动汽车仅占第二季度销量的0.2%，而蔚来和特斯拉则占100%。丰田的PHEV销量占总销量的1.4%。</blockquote></p><p> Volkswagen AGVWAGY,+1.52%VOW,+0.60%reports electric-vehicle sales as including PHEV, which accounted for 6.7% of second-quarter sales, or BEV, which made up 4.4% of total sales. Those are impressive numbers: a combined 11.1%.</p><p><blockquote>大众AGVWAGY,+1.52%VOW,+0.60%报告电动汽车销量包括PHEV（占第二季度销量的6.7%）或BEV（占总销量的4.4%）。这些数字令人印象深刻：总计11.1%。</blockquote></p><p> For Bayerische Motoren Werke AktiengesellschaftBMWYY,+0.56%BMW,+0.54%,better known as BWM Group, a second-quarter breakdown of electric-vehicle deliveries isn’t yet available, but for the first half of 2021, 153,243 all-electric or plug-in hybrid vehicles were delivered, or 11.4% of total deliveries.</p><p><blockquote>对于Bayerische Motoren Werke AktiengesellschaftBMWYY,+0.56%BMW,+0.54%（更广为人知的名称是BWM Group），第二季度电动汽车交付量的细分尚未公布，但2021年上半年，电动汽车交付量为153,243辆。交付了153,243辆电动汽车或插电式混合动力汽车，占总交付量的11.4%。</blockquote></p><p> Valuation to earnings estimates</p><p><blockquote>估值与盈利预测之比</blockquote></p><p> For companies at early stages, comparisons of price-to-earnings ratios may not mean very much. Such companies are focusing on growth rather than profits. An example of this has been <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> Inc.AMZN,-0.86%,which has traded at a high P/E for decades as it has worked to expand into new lines of business, at the expense of the bottom line.</p><p><blockquote>对于处于早期阶段的公司来说，市盈率的比较可能意义不大。这类公司关注的是增长而不是利润。一个例子是<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>Inc.AMZN，-0.86%，几十年来，该公司一直以高市盈率交易，因为它致力于扩展到新的业务领域，但牺牲了利润。</blockquote></p><p> A high P/E ratio can reflect investors’ enthusiasm for innovation and in the case of EVs, a political consensus for transforming the industry. So Nio and Tesla trade at much higher P/E ratios than the legacy auto makers.</p><p><blockquote>高市盈率可以反映投资者对创新的热情，就电动汽车而言，也可以反映行业转型的政治共识。因此，蔚来和特斯拉的市盈率远高于传统汽车制造商。</blockquote></p><p> Then again, very low P/E may show too much contempt among investors for the older manufacturers, as they use their cash flow from continuing massive sales of traditional vehicles to fund their development of EVs. Opportunities may be highlighted.</p><p><blockquote>话又说回来，非常低的市盈率可能表明投资者对老牌制造商过于蔑视，因为他们利用持续大量销售传统汽车的现金流来资助电动汽车的开发。机会可能会凸显。</blockquote></p><p> Normally a forward P/E ratio is calculated by dividing the share price by a rolling consensus estimate of earnings per share for 12 months. This isn’t available for all the companies listed here, so we’re using consensus estimates for net income for calendar 2022.</p><p><blockquote>通常，远期市盈率的计算方法是将股价除以12个月每股收益的滚动共识估计。这并不适用于此处列出的所有公司，因此我们使用对2022年净利润的共识估计。</blockquote></p><p></p><p> <a href=\"https://laohu8.com/S/FBNC\">First</a>, here are P/E ratios based on current market caps and consensus 2022 estimates among analysts polled by FactSet. The table includes the annual estimates going out to 2025, and also a P/E based on current market caps and the 2025 estimates:<img src=\"https://static.tigerbbs.com/40736da9fceac6db6166c509e26745b4\" tg-width=\"786\" tg-height=\"541\" referrerpolicy=\"no-referrer\">Nio is expected to become profitable in 2023. Looking out to 2024, its forward P/E is lower than that of Tesla. To put the forward P/E valuations in perspective, the S&amp;P 500 IndexSPX,+0.25%trades for a weighted 20.5 times consensus 2022 EPS estimates.</p><p><blockquote><a href=\"https://laohu8.com/S/FBNC\">第一</a>以下是基于当前市值和FactSet调查的分析师对2022年普遍预期的市盈率。该表包括截至2025年的年度预测，以及基于当前市值和2025年预测的市盈率：蔚来预计将于2023年实现盈利。展望2024年，其远期市盈率低于特斯拉。为了正确看待未来市盈率估值，标普500指数SPX,+0.25%的加权交易价格是2022年每股收益普遍预期的20.5倍。</blockquote></p><p> Valuation to sales</p><p><blockquote>估值与销售额之比</blockquote></p><p> <a href=\"https://laohu8.com/S/FORD\">Forward</a> price-to-sales estimates might be more useful for early-stage companies that are showing low profits or net losses. Then again, the same distortions apply: <a href=\"https://laohu8.com/S/ISBC\">Investors</a> love the pure-play EV makers now, and may be paying too much for them when you consider that shares of Nio have more than tripled over the past year, while Tesla’s stock has risen 150%.</p><p><blockquote><a href=\"https://laohu8.com/S/FORD\">向前</a>市销率估算对于利润较低或净亏损的早期公司可能更有用。同样的扭曲也适用：<a href=\"https://laohu8.com/S/ISBC\">投资者</a>现在喜欢纯电动汽车制造商，当你考虑到蔚来的股价在过去一年中上涨了两倍多，而特斯拉的股价却上涨了150%时，你可能会为它们付出太多。</blockquote></p><p> Here’s a similar set of data driving price-to-sale ratios, again using current market caps (in the first table at the top of this article) and consensus full-calendar-year estimates in millions of U.S. dollars:<img src=\"https://static.tigerbbs.com/c8a9291d237f12d658a1f5194ee8b9ef\" tg-width=\"783\" tg-height=\"446\" referrerpolicy=\"no-referrer\">For reference, the S&amp;P 500 trades for 2.7 times its consensus 2022 sales estimate.</p><p><blockquote>以下是一组推动市销率的类似数据，再次使用当前市值（在本文顶部的第一个表格中）和以百万美元为单位的共识全年估计：作为参考，标普500的交易价格是其2022年普遍销售预期的2.7倍。</blockquote></p><p> Analysts’ opinions</p><p><blockquote>分析师观点</blockquote></p><p> Here’s a summary of opinion of the 10 auto makers among analysts polled by FactSet. For companies with primary listings outside the U.S., the local tickers are used. All share prices and targets are in local currencies:<img src=\"https://static.tigerbbs.com/f738c7bce6230dbfd6e1f87a8fc98186\" tg-width=\"785\" tg-height=\"450\" referrerpolicy=\"no-referrer\"></p><p><blockquote>以下是FactSet调查的分析师对10家汽车制造商的看法摘要。对于主要在美国以外上市的公司，使用当地股票代码。所有股价和目标均以当地货币计算：</blockquote></p><p></p>","source":"lsy1604288433698","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 released earnings Wednesday. Here’s how to value its stock compared to Tesla, Ford and other rivals<blockquote>蔚来周三发布了财报。以下是与特斯拉、福特和其他竞争对手相比如何评估其股票的价值</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 released earnings Wednesday. Here’s how to value its stock compared to Tesla, Ford and other rivals<blockquote>蔚来周三发布了财报。以下是与特斯拉、福特和其他竞争对手相比如何评估其股票的价值</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Market Wacth</strong><span class=\"h-time small\">2021-08-12 07:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle maker’s prospects.</p><p><blockquote>蔚来可能是一家相对较小的公司。但投资者看好这家中国电动汽车制造商的前景。</blockquote></p><p> Chinese electric-vehicle maker Nio Inc., which sells no cars in the U.S., has a market capitalization of $60.2 billion. By that measure, it is larger than <a href=\"https://laohu8.com/S/F\">Ford</a> Motor Co., which was founded in 1903.</p><p><blockquote>中国电动汽车制造商蔚来在美国不销售汽车，其市值为602亿美元。以此衡量，它大于<a href=\"https://laohu8.com/S/F\">福特</a>汽车公司，成立于1903年。</blockquote></p><p> That might make sense to you as an investor — after all, Nio is an innovative company that sells only electric vehicles. Ford is a legacy auto maker that is working to catch up and eventually make a full transition to electric vehicles. Shares of Nio have more than tripled in the past year, while Ford’s have almost doubled after cratering in the previous decade.</p><p><blockquote>作为投资者，这对您来说可能是有意义的——毕竟，蔚来是一家只销售电动汽车的创新公司。福特是一家传统汽车制造商，正在努力迎头赶上并最终全面过渡到电动汽车。蔚来的股价在过去一年上涨了两倍多，而福特的股价在过去十年暴跌后几乎翻了一番。</blockquote></p><p> So where does NioNIO,-0.57%,which reported second-quarter results after the stock market closes Wednesday, fit in an investment thesis? Below are screens showing how its stock valuation compares to vehicle production, and how that valuation relates to projected earnings through 2025.</p><p><blockquote>那么，周三股市收盘后公布第二季度业绩的NioNIO(-0.57%)在投资论点中处于什么位置呢？下面的屏幕显示了其股票估值与汽车产量的比较，以及该估值与2025年预计收益的关系。</blockquote></p><p> Doubling car production</p><p><blockquote>汽车产量翻倍</blockquote></p><p> For the second quarter, Nio delivered 21,896 vehicles for a 112% increase from a year earlier. The growth is impressive, but the total number of vehicles sold is still relatively small.</p><p><blockquote>第二季度，蔚来交付了21,896辆汽车，同比增长112%。增长令人印象深刻，但销售的车辆总数仍然相对较少。</blockquote></p><p> Here’s a look at the 10 largest auto makers by market capitalization, along with their second-quarter sales or delivery numbers (whichever was higher, if both were reported) and additional color below the table:<img src=\"https://static.tigerbbs.com/aab892102ecbb4cc4eda647df8269bb9\" tg-width=\"791\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Click on the tickers for more about each company.</p><p><blockquote>以下是按市值计算的10家最大汽车制造商，以及它们第二季度的销售额或交付量（如果两者都报告，以较高者为准）以及表下方的附加颜色：单击股票代码了解有关每家公司的更多信息。</blockquote></p><p> You can see that those valuations are about the future, when innovators in the EV space — Tesla Inc.TSLA,-0.31%and Nio, on this list — may (or may not) become as large as legacy players.</p><p><blockquote>你可以看到，这些估值是关于未来的，届时电动汽车领域的创新者——特斯拉公司（TSLA，-0.31%）和蔚来（在此名单上）——可能（也可能不会）变得与传统企业一样大。</blockquote></p><p> For now, FordF,+0.80%churns out mostly internal combustion engine (ICE) vehicles at nearly 35 times the rate that Nio makes EVs.</p><p><blockquote>目前，福特汽车主要生产内燃机(ICE)汽车，其生产速度几乎是蔚来电动汽车生产速度的35倍。</blockquote></p><p> One thing to be aware of is that the legacy auto makers don’t all report their unit sales the same way. Most don’t break out electric vehicle sales.</p><p><blockquote>需要注意的一件事是，传统汽车制造商并不都以相同的方式报告其销量。大多数人都没有公布电动汽车销量。</blockquote></p><p> Among those that do, definitions vary. For example, Toyota Motor Corp.TM,+0.82%7203,+0.98%reported that “electrified vehicle” sales made up 26.6% of total auto sales during the second quarter. But that category includes:</p><p><blockquote>在那些这样做的国家中，定义各不相同。例如，丰田汽车公司(Toyota Motor Corp.TM,+0.82%7203,+0.98%)报告称，第二季度“电动汽车”销量占汽车总销量的26.6%。但该类别包括：</blockquote></p><p> <ul>  <li>HEV – hybrid EVs that are not plug-ins.</li>  <li>PHEV – plug-in electric vehicles.</li>  <li>BEV – battery electric vehicles.</li>  <li>FCEV – fuel-cell electric vehicles.</li> </ul> For Toyota, BEV made up only 0.2% of second-quarter sales, while they accounted for 100% of sales for Nio and Tesla. Toyota’s PHEV sales made up 1.4% of the total.</p><p><blockquote><ul><li>HEV-非插电式混合动力电动汽车。</li><li>插电式电动汽车。</li><li>纯电动汽车。</li><li>FCEV-燃料电池电动汽车。</li></ul>对于丰田来说，纯电动汽车仅占第二季度销量的0.2%，而蔚来和特斯拉则占100%。丰田的PHEV销量占总销量的1.4%。</blockquote></p><p> Volkswagen AGVWAGY,+1.52%VOW,+0.60%reports electric-vehicle sales as including PHEV, which accounted for 6.7% of second-quarter sales, or BEV, which made up 4.4% of total sales. Those are impressive numbers: a combined 11.1%.</p><p><blockquote>大众AGVWAGY,+1.52%VOW,+0.60%报告电动汽车销量包括PHEV（占第二季度销量的6.7%）或BEV（占总销量的4.4%）。这些数字令人印象深刻：总计11.1%。</blockquote></p><p> For Bayerische Motoren Werke AktiengesellschaftBMWYY,+0.56%BMW,+0.54%,better known as BWM Group, a second-quarter breakdown of electric-vehicle deliveries isn’t yet available, but for the first half of 2021, 153,243 all-electric or plug-in hybrid vehicles were delivered, or 11.4% of total deliveries.</p><p><blockquote>对于Bayerische Motoren Werke AktiengesellschaftBMWYY,+0.56%BMW,+0.54%（更广为人知的名称是BWM Group），第二季度电动汽车交付量的细分尚未公布，但2021年上半年，电动汽车交付量为153,243辆。交付了153,243辆电动汽车或插电式混合动力汽车，占总交付量的11.4%。</blockquote></p><p> Valuation to earnings estimates</p><p><blockquote>估值与盈利预测之比</blockquote></p><p> For companies at early stages, comparisons of price-to-earnings ratios may not mean very much. Such companies are focusing on growth rather than profits. An example of this has been <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> Inc.AMZN,-0.86%,which has traded at a high P/E for decades as it has worked to expand into new lines of business, at the expense of the bottom line.</p><p><blockquote>对于处于早期阶段的公司来说，市盈率的比较可能意义不大。这类公司关注的是增长而不是利润。一个例子是<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>Inc.AMZN，-0.86%，几十年来，该公司一直以高市盈率交易，因为它致力于扩展到新的业务领域，但牺牲了利润。</blockquote></p><p> A high P/E ratio can reflect investors’ enthusiasm for innovation and in the case of EVs, a political consensus for transforming the industry. So Nio and Tesla trade at much higher P/E ratios than the legacy auto makers.</p><p><blockquote>高市盈率可以反映投资者对创新的热情，就电动汽车而言，也可以反映行业转型的政治共识。因此，蔚来和特斯拉的市盈率远高于传统汽车制造商。</blockquote></p><p> Then again, very low P/E may show too much contempt among investors for the older manufacturers, as they use their cash flow from continuing massive sales of traditional vehicles to fund their development of EVs. Opportunities may be highlighted.</p><p><blockquote>话又说回来，非常低的市盈率可能表明投资者对老牌制造商过于蔑视，因为他们利用持续大量销售传统汽车的现金流来资助电动汽车的开发。机会可能会凸显。</blockquote></p><p> Normally a forward P/E ratio is calculated by dividing the share price by a rolling consensus estimate of earnings per share for 12 months. This isn’t available for all the companies listed here, so we’re using consensus estimates for net income for calendar 2022.</p><p><blockquote>通常，远期市盈率的计算方法是将股价除以12个月每股收益的滚动共识估计。这并不适用于此处列出的所有公司，因此我们使用对2022年净利润的共识估计。</blockquote></p><p></p><p> <a href=\"https://laohu8.com/S/FBNC\">First</a>, here are P/E ratios based on current market caps and consensus 2022 estimates among analysts polled by FactSet. The table includes the annual estimates going out to 2025, and also a P/E based on current market caps and the 2025 estimates:<img src=\"https://static.tigerbbs.com/40736da9fceac6db6166c509e26745b4\" tg-width=\"786\" tg-height=\"541\" referrerpolicy=\"no-referrer\">Nio is expected to become profitable in 2023. Looking out to 2024, its forward P/E is lower than that of Tesla. To put the forward P/E valuations in perspective, the S&amp;P 500 IndexSPX,+0.25%trades for a weighted 20.5 times consensus 2022 EPS estimates.</p><p><blockquote><a href=\"https://laohu8.com/S/FBNC\">第一</a>以下是基于当前市值和FactSet调查的分析师对2022年普遍预期的市盈率。该表包括截至2025年的年度预测，以及基于当前市值和2025年预测的市盈率：蔚来预计将于2023年实现盈利。展望2024年，其远期市盈率低于特斯拉。为了正确看待未来市盈率估值，标普500指数SPX,+0.25%的加权交易价格是2022年每股收益普遍预期的20.5倍。</blockquote></p><p> Valuation to sales</p><p><blockquote>估值与销售额之比</blockquote></p><p> <a href=\"https://laohu8.com/S/FORD\">Forward</a> price-to-sales estimates might be more useful for early-stage companies that are showing low profits or net losses. Then again, the same distortions apply: <a href=\"https://laohu8.com/S/ISBC\">Investors</a> love the pure-play EV makers now, and may be paying too much for them when you consider that shares of Nio have more than tripled over the past year, while Tesla’s stock has risen 150%.</p><p><blockquote><a href=\"https://laohu8.com/S/FORD\">向前</a>市销率估算对于利润较低或净亏损的早期公司可能更有用。同样的扭曲也适用：<a href=\"https://laohu8.com/S/ISBC\">投资者</a>现在喜欢纯电动汽车制造商，当你考虑到蔚来的股价在过去一年中上涨了两倍多，而特斯拉的股价却上涨了150%时，你可能会为它们付出太多。</blockquote></p><p> Here’s a similar set of data driving price-to-sale ratios, again using current market caps (in the first table at the top of this article) and consensus full-calendar-year estimates in millions of U.S. dollars:<img src=\"https://static.tigerbbs.com/c8a9291d237f12d658a1f5194ee8b9ef\" tg-width=\"783\" tg-height=\"446\" referrerpolicy=\"no-referrer\">For reference, the S&amp;P 500 trades for 2.7 times its consensus 2022 sales estimate.</p><p><blockquote>以下是一组推动市销率的类似数据，再次使用当前市值（在本文顶部的第一个表格中）和以百万美元为单位的共识全年估计：作为参考，标普500的交易价格是其2022年普遍销售预期的2.7倍。</blockquote></p><p> Analysts’ opinions</p><p><blockquote>分析师观点</blockquote></p><p> Here’s a summary of opinion of the 10 auto makers among analysts polled by FactSet. For companies with primary listings outside the U.S., the local tickers are used. All share prices and targets are in local currencies:<img src=\"https://static.tigerbbs.com/f738c7bce6230dbfd6e1f87a8fc98186\" tg-width=\"785\" tg-height=\"450\" referrerpolicy=\"no-referrer\"></p><p><blockquote>以下是FactSet调查的分析师对10家汽车制造商的看法摘要。对于主要在美国以外上市的公司，使用当地股票代码。所有股价和目标均以当地货币计算：</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/nio-releases-earnings-wednesday-heres-how-to-value-its-stock-compared-to-tesla-ford-and-other-rivals-11628716814?mod=home-page\">Market Wacth</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":{"F":"福特汽车","NIO":"蔚来"},"source_url":"https://www.marketwatch.com/story/nio-releases-earnings-wednesday-heres-how-to-value-its-stock-compared-to-tesla-ford-and-other-rivals-11628716814?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158059019","content_text":"Nio may be a relatively small company. But investors are bullish on the Chinese electric-vehicle maker’s prospects.\nChinese electric-vehicle maker Nio Inc., which sells no cars in the U.S., has a market capitalization of $60.2 billion. By that measure, it is larger than Ford Motor Co., which was founded in 1903.\nThat might make sense to you as an investor — after all, Nio is an innovative company that sells only electric vehicles. Ford is a legacy auto maker that is working to catch up and eventually make a full transition to electric vehicles. Shares of Nio have more than tripled in the past year, while Ford’s have almost doubled after cratering in the previous decade.\nSo where does NioNIO,-0.57%,which reported second-quarter results after the stock market closes Wednesday, fit in an investment thesis? Below are screens showing how its stock valuation compares to vehicle production, and how that valuation relates to projected earnings through 2025.\nDoubling car production\nFor the second quarter, Nio delivered 21,896 vehicles for a 112% increase from a year earlier. The growth is impressive, but the total number of vehicles sold is still relatively small.\nHere’s a look at the 10 largest auto makers by market capitalization, along with their second-quarter sales or delivery numbers (whichever was higher, if both were reported) and additional color below the table:Click on the tickers for more about each company.\nYou can see that those valuations are about the future, when innovators in the EV space — Tesla Inc.TSLA,-0.31%and Nio, on this list — may (or may not) become as large as legacy players.\nFor now, FordF,+0.80%churns out mostly internal combustion engine (ICE) vehicles at nearly 35 times the rate that Nio makes EVs.\nOne thing to be aware of is that the legacy auto makers don’t all report their unit sales the same way. Most don’t break out electric vehicle sales.\nAmong those that do, definitions vary. For example, Toyota Motor Corp.TM,+0.82%7203,+0.98%reported that “electrified vehicle” sales made up 26.6% of total auto sales during the second quarter. But that category includes:\n\nHEV – hybrid EVs that are not plug-ins.\nPHEV – plug-in electric vehicles.\nBEV – battery electric vehicles.\nFCEV – fuel-cell electric vehicles.\n\nFor Toyota, BEV made up only 0.2% of second-quarter sales, while they accounted for 100% of sales for Nio and Tesla. Toyota’s PHEV sales made up 1.4% of the total.\nVolkswagen AGVWAGY,+1.52%VOW,+0.60%reports electric-vehicle sales as including PHEV, which accounted for 6.7% of second-quarter sales, or BEV, which made up 4.4% of total sales. Those are impressive numbers: a combined 11.1%.\nFor Bayerische Motoren Werke AktiengesellschaftBMWYY,+0.56%BMW,+0.54%,better known as BWM Group, a second-quarter breakdown of electric-vehicle deliveries isn’t yet available, but for the first half of 2021, 153,243 all-electric or plug-in hybrid vehicles were delivered, or 11.4% of total deliveries.\nValuation to earnings estimates\nFor companies at early stages, comparisons of price-to-earnings ratios may not mean very much. Such companies are focusing on growth rather than profits. An example of this has been Amazon.com Inc.AMZN,-0.86%,which has traded at a high P/E for decades as it has worked to expand into new lines of business, at the expense of the bottom line.\nA high P/E ratio can reflect investors’ enthusiasm for innovation and in the case of EVs, a political consensus for transforming the industry. So Nio and Tesla trade at much higher P/E ratios than the legacy auto makers.\nThen again, very low P/E may show too much contempt among investors for the older manufacturers, as they use their cash flow from continuing massive sales of traditional vehicles to fund their development of EVs. Opportunities may be highlighted.\nNormally a forward P/E ratio is calculated by dividing the share price by a rolling consensus estimate of earnings per share for 12 months. This isn’t available for all the companies listed here, so we’re using consensus estimates for net income for calendar 2022.\nFirst, here are P/E ratios based on current market caps and consensus 2022 estimates among analysts polled by FactSet. The table includes the annual estimates going out to 2025, and also a P/E based on current market caps and the 2025 estimates:Nio is expected to become profitable in 2023. Looking out to 2024, its forward P/E is lower than that of Tesla. To put the forward P/E valuations in perspective, the S&P 500 IndexSPX,+0.25%trades for a weighted 20.5 times consensus 2022 EPS estimates.\nValuation to sales\nForward price-to-sales estimates might be more useful for early-stage companies that are showing low profits or net losses. Then again, the same distortions apply: Investors love the pure-play EV makers now, and may be paying too much for them when you consider that shares of Nio have more than tripled over the past year, while Tesla’s stock has risen 150%.\nHere’s a similar set of data driving price-to-sale ratios, again using current market caps (in the first table at the top of this article) and consensus full-calendar-year estimates in millions of U.S. dollars:For reference, the S&P 500 trades for 2.7 times its consensus 2022 sales estimate.\nAnalysts’ opinions\nHere’s a summary of opinion of the 10 auto makers among analysts polled by FactSet. For companies with primary listings outside the U.S., the local tickers are used. All share prices and targets are in local currencies:","news_type":1,"symbols_score_info":{"F":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896961794,"gmtCreate":1628552358318,"gmtModify":1631883983342,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"AMC will moon! Just need to be patient, buy and hodl. [Grin]&nbsp;","listText":"AMC will moon! Just need to be patient, buy and hodl. [Grin]&nbsp;","text":"AMC will moon! Just need to be patient, buy and hodl. [Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/896961794","repostId":"1175617447","repostType":4,"isVote":1,"tweetType":1,"viewCount":765,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891612769,"gmtCreate":1628386039051,"gmtModify":1633751345167,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"That’s why there’s a saying that you will never berich making money in a honest way.","listText":"That’s why there’s a saying that you will never berich making money in a honest way.","text":"That’s why there’s a saying that you will never berich making money in a honest way.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/891612769","repostId":"1119792130","repostType":4,"isVote":1,"tweetType":1,"viewCount":477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891995378,"gmtCreate":1628314418294,"gmtModify":1633751705573,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"Tesla, NIO, Li Auto, Xpeng are better buys","listText":"Tesla, NIO, Li Auto, Xpeng are better buys","text":"Tesla, NIO, Li Auto, Xpeng are better buys","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/891995378","repostId":"1143051031","repostType":4,"isVote":1,"tweetType":1,"viewCount":900,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899492269,"gmtCreate":1628209381551,"gmtModify":1631883895222,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"I wonder who is really the one manipulating the stock. How can it be retail investors? What a joke.“AMC stock has mostly exploded higher as a result of misguided interest from a group of retail traders who believe that manipulating the price of the security higher will create an infinite short squeeze that some traders hope will eventually value the company in the hundreds of billions of dollars.”","listText":"I wonder who is really the one manipulating the stock. How can it be retail investors? What a joke.“AMC stock has mostly exploded higher as a result of misguided interest from a group of retail traders who believe that manipulating the price of the security higher will create an infinite short squeeze that some traders hope will eventually value the company in the hundreds of billions of dollars.”","text":"I wonder who is really the one manipulating the stock. How can it be retail investors? What a joke.“AMC stock has mostly exploded higher as a result of misguided interest from a group of retail traders who believe that manipulating the price of the security higher will create an infinite short squeeze that some traders hope will eventually value the company in the hundreds of billions of dollars.”","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/899492269","repostId":"1158295123","repostType":4,"isVote":1,"tweetType":1,"viewCount":509,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890261210,"gmtCreate":1628120460530,"gmtModify":1633753488702,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3585873168332779","idStr":"3585873168332779"},"themes":[],"htmlText":"Go AMD go! [Grin]&nbsp;","listText":"Go AMD go! [Grin]&nbsp;","text":"Go AMD go! [Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/890261210","repostId":"1150930490","repostType":4,"isVote":1,"tweetType":1,"viewCount":648,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":896961794,"gmtCreate":1628552358318,"gmtModify":1631883983342,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"AMC will moon! Just need to be patient, buy and hodl. [Grin]&nbsp;","listText":"AMC will moon! Just need to be patient, buy and hodl. [Grin]&nbsp;","text":"AMC will moon! Just need to be patient, buy and hodl. [Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/896961794","repostId":"1175617447","repostType":4,"isVote":1,"tweetType":1,"viewCount":765,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805353610,"gmtCreate":1627862579130,"gmtModify":1633755919231,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"Chinese EV makers are delivering better than expected results. I’m confident they will continue to do well.","listText":"Chinese EV makers are delivering better than expected results. I’m confident they will continue to do well.","text":"Chinese EV makers are delivering better than expected results. I’m confident they will continue to do well.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/805353610","repostId":"1154563656","repostType":4,"isVote":1,"tweetType":1,"viewCount":385,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839416830,"gmtCreate":1629172867820,"gmtModify":1633686823111,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"Buy NIO and hold to be rewarded in the long term.","listText":"Buy NIO and hold to be rewarded in the long term.","text":"Buy NIO and hold to be rewarded in the long term.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/839416830","repostId":"1144644937","repostType":4,"isVote":1,"tweetType":1,"viewCount":758,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173235025,"gmtCreate":1626661462267,"gmtModify":1631883958057,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"Zoom has become the ‘new normal’ for meetingsand classroom virtual&nbsp;training. It is here to stay for a long time.","listText":"Zoom has become the ‘new normal’ for meetingsand classroom virtual&nbsp;training. It is here to stay for a long time.","text":"Zoom has become the ‘new normal’ for meetingsand classroom virtual training. It is here to stay for a long time.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/173235025","repostId":"2152566633","repostType":4,"isVote":1,"tweetType":1,"viewCount":931,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891995378,"gmtCreate":1628314418294,"gmtModify":1633751705573,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"Tesla, NIO, Li Auto, Xpeng are better buys","listText":"Tesla, NIO, Li Auto, Xpeng are better buys","text":"Tesla, NIO, Li Auto, Xpeng are better buys","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/891995378","repostId":"1143051031","repostType":4,"isVote":1,"tweetType":1,"viewCount":900,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802280255,"gmtCreate":1627782616577,"gmtModify":1633756472135,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"Buying the dips is like buying on discount. Who doesn’t like discounts? [Grin]&nbsp;","listText":"Buying the dips is like buying on discount. Who doesn’t like discounts? [Grin]&nbsp;","text":"Buying the dips is like buying on discount. Who doesn’t like discounts? [Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/802280255","repostId":"1127411624","repostType":4,"repost":{"id":"1127411624","kind":"news","pubTimestamp":1627715622,"share":"https://www.laohu8.com/m/news/1127411624?lang=zh_CN&edition=full","pubTime":"2021-07-31 15:13","market":"us","language":"en","title":"Here’s your to-do list before the stock market’s next dive<blockquote>这是股市下一次暴跌之前您的待办事项清单</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127411624","media":"MarketWatch","summary":"After hibernating for months, the stock-market bears came out of their caves on July 19. That day, t","content":"<p>After hibernating for months, the stock-market bears came out of their caves on July 19. That day, the Dow Jones Industrial AverageDJIA,-0.42%tumbled 725 points or 2.1%. The bears hit a home run — at least for a day.</p><p><blockquote>经过几个月的冬眠，股市空头于7月19日走出了洞穴。当天，道琼斯工业平均指数DJIA下跌725点，跌幅2.1%，-0.42%。熊队打出了一个本垒打——至少一天。</blockquote></p><p> As usual, everyone wanted to know why the market fell, and the analysts had prepared answers, from COVID-19’s Delta variant to the Consumer Price Index to overbought technical indicators.</p><p><blockquote>像往常一样，每个人都想知道市场下跌的原因，分析师们已经准备好了答案，从COVID-19的德尔塔变异毒株到消费者价格指数，再到超买的技术指标。</blockquote></p><p> The truth is that nobody knows. People have multiple reasons for selling, so it’s ridiculous to blame one event. That said, a big contributor to the decline was automatic, computer-generated selling. Once large market participants, especially algos, started selling, there was a mad rush out of the door. No one wanted to be the last one out, so retail traders and institutions sold in a panic, which got more intense as the day went on.</p><p><blockquote>事实是没人知道。人们出售有多种原因，因此将责任归咎于一个事件是荒谬的。也就是说，下降的一个重要原因是计算机生成的自动销售。一旦大型市场参与者，尤其是算法，开始抛售，就会出现疯狂的抛售。没有人想成为最后一个出局的人，因此散户和机构在恐慌中抛售，随着时间的推移，恐慌情绪变得更加强烈。</blockquote></p><p> Technical indicators contributed as well: The weekly relative strength indicator (RSI) has been remarkably accurate in warning of a market reversal. Once RSI goes over 70 and stays there, buyers beware.&nbsp; After the July 26 market close, the RSI of the S&amp;P 500SPX,-0.54%stood at 71.36 on the weekly chart — an extremely overbought reading. Does this mean that the index is going to plunge tomorrow? No one knows. But RSI is giving a clue that the U.S. market is in the danger zone.</p><p><blockquote>技术指标也做出了贡献：每周相对强弱指标（RSI）在警告市场逆转方面非常准确。一旦RSI超过70并保持在那里，买家就要小心了。7月26日收盘后，标准普尔500SPX的RSI，-0.54%在周线图上站在71.36——这是一个极度超买的读数。这是不是意味着指数明天要暴跌了？没人知道。但RSI给出了美国市场处于危险区域的线索。</blockquote></p><p> <b>The bad news bears can’t catch a break</b></p><p><blockquote><b>坏消息空头无法休息</b></blockquote></p><p> Before the bears could say, “I told you so,” the next day, July 20, the 700-plus point Dow selloff was erased by a 550-point Dow rally. The bulls forgot about the selloff and returned to celebrating, and gulping glass after glass of their favorite drink, “bull-ade.” Once again, the storm passed, but this time a little fear creeped into the bulls’ psyche. Before, the only fear was the fear of missing out on the next rally. Now, many investors realize the market can actually go down.</p><p><blockquote>在空头说“我告诉过你”之前，第二天，即7月20日，道琼斯指数700多点的抛售被道琼斯指数550点的反弹抹去了。多头忘记了抛售，重新开始庆祝，一杯又一杯地喝着他们最喜欢的饮料“bull-ade”。风暴又一次过去了，但这一次有点恐惧爬进了公牛的心灵。之前，唯一的恐惧是害怕错过下一次反弹。现在，许多投资者意识到市场实际上可能会下跌。</blockquote></p><p> <b>What to do now</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The next time the market plunges and you’re experiencing a variety of emotions, the following guide might help:</p><p><blockquote>下次市场暴跌并且您正在经历各种情绪时，以下指南可能会有所帮助：</blockquote></p><p> <b>1. If you’re panicked</b>: Don’t do something; sit there. Do not buy, do not sell, just sit tight. In fact, turn off the computer or other devices. Don’t fret over how much paper money you lost that day. Exercise, walk, run, swim, ride a bike. Your goal is to reduce emotions so you can get a good night’s sleep. When the market stabilizes, reevaluate what you own. Do not make any big financial decisions on days like this.</p><p><blockquote><b>1.如果你感到恐慌</b>：不做某事；坐在那里。不买，不卖，坐稳。事实上，关掉电脑或其他设备。不要担心那天你丢了多少纸币。锻炼，散步，跑步，游泳，骑自行车。你的目标是减少情绪，这样你就能睡个好觉。当市场稳定时，重新评估你所拥有的。在这样的日子里，不要做任何重大的财务决定。</blockquote></p><p> <b>2. If you’re afraid</b>: Take it easy. The selloff will end eventually. There is no reason to panic. Again, reevaluate what you own when the market comes to its senses.</p><p><blockquote><b>2.如果你害怕</b>：放轻松。抛售最终会结束。没有理由恐慌。同样，当市场恢复理智时，重新评估你所拥有的东西。</blockquote></p><p> <b>3. If you’re unaffected:</b>Still, check your portfolio to make sure you are properly diversified. While it’s find to not care if the market falls, be sure you are hedged for a worst-case scenario. One day there will be a bear market that will last months or years. Be prepared.</p><p><blockquote><b>3.如果您没有受到影响：</b>不过，请检查您的投资组合以确保您的投资组合适当多元化。虽然人们发现不要关心市场是否下跌，但要确保你为最坏的情况做好了对冲。总有一天会出现持续数月或数年的熊市。做好准备。</blockquote></p><p> <b>What specific actions should you take?</b></p><p><blockquote><b>你应该采取什么具体行动？</b></blockquote></p><p> Now that you’ve taken care of your emotional health, there are other financial decisions you can make. Let’s take a look atsome strategies and tacticsthat may help:</p><p><blockquote>既然你已经照顾好了自己的情绪健康，你还可以做出其他的财务决定。让我们来看看一些可能有帮助的战略和战术：</blockquote></p><p> <ol>  <li>Sell if the stocks or indexes you own fall below their 200-day moving averages. Note: The major indexes such as the Standard &amp; Poor’s 500SPX,-0.54%have not fallen below (and stayed below) their 200-day averages for a decade. When they do eventually, that is a clear sell signal.</li>  <li>Create a long-term investment plan and follow it no matter what happens in the short term.</li>  <li>Dollar-cost average into index funds.</li>  <li>Diversify. This is the key to success in the stock market and in life. If you own only stocks, consider bonds, but talk to a financial professional (not your neighbor) before taking this step.</li>  <li>Buy the big dips. This strategy still works. If you had bought the dip on July 19, you would have cleaned up on July 20. One day this strategy won’t work, but that day hasn’t come yet.</li>  <li>Sell covered-call options. This is still an excellent way to generate extra income. This strategy is also ideal for disposing of unwanted stocks, and getting paid for it.</li> </ol> <b>Plan for the next correction or bear market</b></p><p><blockquote><ol><li>如果您持有的股票或指数跌破200日移动平均线，则卖出。注：标准普尔500SPX,-0.54%等主要指数十年来没有跌破（并保持在低于）200日平均水平。当他们最终这样做时，这是一个明确的卖出信号。</li><li>制定一个长期投资计划，无论短期内发生什么都要遵循它。</li><li>指数基金的平均成本。</li><li>多样化。这是股市和人生成功的关键。如果您只持有股票，请考虑债券，但在采取这一步骤之前请与金融专业人士（而不是您的邻居）交谈。</li><li>逢低买入。这个策略仍然有效。如果你在7月19日逢低买入，你就会在7月20日清理干净。总有一天这种策略行不通了，但那一天还没有到来。</li><li>出售备兑看涨期权期权。这仍然是产生额外收入的绝佳方式。这种策略也非常适合处理不需要的股票并获得报酬。</li></ol><b>为下一次调整或熊市做好计划</b></blockquote></p><p> After a 13-year bull market, the clock is ticking for U.S. stocks. While the bulls scored another victory this time, one day the market won’t reverse direction and will begin a steep correction, or worse yet, a bear market. That’s when you will be glad that you have a plan and an investment script to follow on the worst days.</p><p><blockquote>在经历了13年的牛市之后，美国股市的时间已经不多了。虽然多头这次又取得了胜利，但有一天市场不会逆转方向，将开始急剧调整，或者更糟的是，进入熊市。那时你会很高兴你有一个计划和一个在最糟糕的日子里可以遵循的投资脚本。</blockquote></p><p> Know what you own, sell to the “sleep-well” point and diversify into a variety of financial products including cash and bonds. This way, when the market plunges again, you won’t make knee-jerk emotional decisions or suffer an anxiety attack.</p><p><blockquote>了解您拥有什么，将其出售到“睡眠良好”点，并多元化投资于包括现金和债券在内的各种金融产品。这样，当市场再次暴跌时，你就不会做出下意识的情绪化决定或遭受焦虑发作。</blockquote></p><p></p>","source":"lsy1603348471595","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>Here’s your to-do list before the stock market’s next dive<blockquote>这是股市下一次暴跌之前您的待办事项清单</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\">\nHere’s your to-do list before the stock market’s next dive<blockquote>这是股市下一次暴跌之前您的待办事项清单</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-07-31 15:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After hibernating for months, the stock-market bears came out of their caves on July 19. That day, the Dow Jones Industrial AverageDJIA,-0.42%tumbled 725 points or 2.1%. The bears hit a home run — at least for a day.</p><p><blockquote>经过几个月的冬眠，股市空头于7月19日走出了洞穴。当天，道琼斯工业平均指数DJIA下跌725点，跌幅2.1%，-0.42%。熊队打出了一个本垒打——至少一天。</blockquote></p><p> As usual, everyone wanted to know why the market fell, and the analysts had prepared answers, from COVID-19’s Delta variant to the Consumer Price Index to overbought technical indicators.</p><p><blockquote>像往常一样，每个人都想知道市场下跌的原因，分析师们已经准备好了答案，从COVID-19的德尔塔变异毒株到消费者价格指数，再到超买的技术指标。</blockquote></p><p> The truth is that nobody knows. People have multiple reasons for selling, so it’s ridiculous to blame one event. That said, a big contributor to the decline was automatic, computer-generated selling. Once large market participants, especially algos, started selling, there was a mad rush out of the door. No one wanted to be the last one out, so retail traders and institutions sold in a panic, which got more intense as the day went on.</p><p><blockquote>事实是没人知道。人们出售有多种原因，因此将责任归咎于一个事件是荒谬的。也就是说，下降的一个重要原因是计算机生成的自动销售。一旦大型市场参与者，尤其是算法，开始抛售，就会出现疯狂的抛售。没有人想成为最后一个出局的人，因此散户和机构在恐慌中抛售，随着时间的推移，恐慌情绪变得更加强烈。</blockquote></p><p> Technical indicators contributed as well: The weekly relative strength indicator (RSI) has been remarkably accurate in warning of a market reversal. Once RSI goes over 70 and stays there, buyers beware.&nbsp; After the July 26 market close, the RSI of the S&amp;P 500SPX,-0.54%stood at 71.36 on the weekly chart — an extremely overbought reading. Does this mean that the index is going to plunge tomorrow? No one knows. But RSI is giving a clue that the U.S. market is in the danger zone.</p><p><blockquote>技术指标也做出了贡献：每周相对强弱指标（RSI）在警告市场逆转方面非常准确。一旦RSI超过70并保持在那里，买家就要小心了。7月26日收盘后，标准普尔500SPX的RSI，-0.54%在周线图上站在71.36——这是一个极度超买的读数。这是不是意味着指数明天要暴跌了？没人知道。但RSI给出了美国市场处于危险区域的线索。</blockquote></p><p> <b>The bad news bears can’t catch a break</b></p><p><blockquote><b>坏消息空头无法休息</b></blockquote></p><p> Before the bears could say, “I told you so,” the next day, July 20, the 700-plus point Dow selloff was erased by a 550-point Dow rally. The bulls forgot about the selloff and returned to celebrating, and gulping glass after glass of their favorite drink, “bull-ade.” Once again, the storm passed, but this time a little fear creeped into the bulls’ psyche. Before, the only fear was the fear of missing out on the next rally. Now, many investors realize the market can actually go down.</p><p><blockquote>在空头说“我告诉过你”之前，第二天，即7月20日，道琼斯指数700多点的抛售被道琼斯指数550点的反弹抹去了。多头忘记了抛售，重新开始庆祝，一杯又一杯地喝着他们最喜欢的饮料“bull-ade”。风暴又一次过去了，但这一次有点恐惧爬进了公牛的心灵。之前，唯一的恐惧是害怕错过下一次反弹。现在，许多投资者意识到市场实际上可能会下跌。</blockquote></p><p> <b>What to do now</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> The next time the market plunges and you’re experiencing a variety of emotions, the following guide might help:</p><p><blockquote>下次市场暴跌并且您正在经历各种情绪时，以下指南可能会有所帮助：</blockquote></p><p> <b>1. If you’re panicked</b>: Don’t do something; sit there. Do not buy, do not sell, just sit tight. In fact, turn off the computer or other devices. Don’t fret over how much paper money you lost that day. Exercise, walk, run, swim, ride a bike. Your goal is to reduce emotions so you can get a good night’s sleep. When the market stabilizes, reevaluate what you own. Do not make any big financial decisions on days like this.</p><p><blockquote><b>1.如果你感到恐慌</b>：不做某事；坐在那里。不买，不卖，坐稳。事实上，关掉电脑或其他设备。不要担心那天你丢了多少纸币。锻炼，散步，跑步，游泳，骑自行车。你的目标是减少情绪，这样你就能睡个好觉。当市场稳定时，重新评估你所拥有的。在这样的日子里，不要做任何重大的财务决定。</blockquote></p><p> <b>2. If you’re afraid</b>: Take it easy. The selloff will end eventually. There is no reason to panic. Again, reevaluate what you own when the market comes to its senses.</p><p><blockquote><b>2.如果你害怕</b>：放轻松。抛售最终会结束。没有理由恐慌。同样，当市场恢复理智时，重新评估你所拥有的东西。</blockquote></p><p> <b>3. If you’re unaffected:</b>Still, check your portfolio to make sure you are properly diversified. While it’s find to not care if the market falls, be sure you are hedged for a worst-case scenario. One day there will be a bear market that will last months or years. Be prepared.</p><p><blockquote><b>3.如果您没有受到影响：</b>不过，请检查您的投资组合以确保您的投资组合适当多元化。虽然人们发现不要关心市场是否下跌，但要确保你为最坏的情况做好了对冲。总有一天会出现持续数月或数年的熊市。做好准备。</blockquote></p><p> <b>What specific actions should you take?</b></p><p><blockquote><b>你应该采取什么具体行动？</b></blockquote></p><p> Now that you’ve taken care of your emotional health, there are other financial decisions you can make. Let’s take a look atsome strategies and tacticsthat may help:</p><p><blockquote>既然你已经照顾好了自己的情绪健康，你还可以做出其他的财务决定。让我们来看看一些可能有帮助的战略和战术：</blockquote></p><p> <ol>  <li>Sell if the stocks or indexes you own fall below their 200-day moving averages. Note: The major indexes such as the Standard &amp; Poor’s 500SPX,-0.54%have not fallen below (and stayed below) their 200-day averages for a decade. When they do eventually, that is a clear sell signal.</li>  <li>Create a long-term investment plan and follow it no matter what happens in the short term.</li>  <li>Dollar-cost average into index funds.</li>  <li>Diversify. This is the key to success in the stock market and in life. If you own only stocks, consider bonds, but talk to a financial professional (not your neighbor) before taking this step.</li>  <li>Buy the big dips. This strategy still works. If you had bought the dip on July 19, you would have cleaned up on July 20. One day this strategy won’t work, but that day hasn’t come yet.</li>  <li>Sell covered-call options. This is still an excellent way to generate extra income. This strategy is also ideal for disposing of unwanted stocks, and getting paid for it.</li> </ol> <b>Plan for the next correction or bear market</b></p><p><blockquote><ol><li>如果您持有的股票或指数跌破200日移动平均线，则卖出。注：标准普尔500SPX,-0.54%等主要指数十年来没有跌破（并保持在低于）200日平均水平。当他们最终这样做时，这是一个明确的卖出信号。</li><li>制定一个长期投资计划，无论短期内发生什么都要遵循它。</li><li>指数基金的平均成本。</li><li>多样化。这是股市和人生成功的关键。如果您只持有股票，请考虑债券，但在采取这一步骤之前请与金融专业人士（而不是您的邻居）交谈。</li><li>逢低买入。这个策略仍然有效。如果你在7月19日逢低买入，你就会在7月20日清理干净。总有一天这种策略行不通了，但那一天还没有到来。</li><li>出售备兑看涨期权期权。这仍然是产生额外收入的绝佳方式。这种策略也非常适合处理不需要的股票并获得报酬。</li></ol><b>为下一次调整或熊市做好计划</b></blockquote></p><p> After a 13-year bull market, the clock is ticking for U.S. stocks. While the bulls scored another victory this time, one day the market won’t reverse direction and will begin a steep correction, or worse yet, a bear market. That’s when you will be glad that you have a plan and an investment script to follow on the worst days.</p><p><blockquote>在经历了13年的牛市之后，美国股市的时间已经不多了。虽然多头这次又取得了胜利，但有一天市场不会逆转方向，将开始急剧调整，或者更糟的是，进入熊市。那时你会很高兴你有一个计划和一个在最糟糕的日子里可以遵循的投资脚本。</blockquote></p><p> Know what you own, sell to the “sleep-well” point and diversify into a variety of financial products including cash and bonds. This way, when the market plunges again, you won’t make knee-jerk emotional decisions or suffer an anxiety attack.</p><p><blockquote>了解您拥有什么，将其出售到“睡眠良好”点，并多元化投资于包括现金和债券在内的各种金融产品。这样，当市场再次暴跌时，你就不会做出下意识的情绪化决定或遭受焦虑发作。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/heres-your-to-do-list-before-the-stock-markets-next-dive-11627360870?mod=article_inline\">MarketWatch</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":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/heres-your-to-do-list-before-the-stock-markets-next-dive-11627360870?mod=article_inline","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127411624","content_text":"After hibernating for months, the stock-market bears came out of their caves on July 19. That day, the Dow Jones Industrial AverageDJIA,-0.42%tumbled 725 points or 2.1%. The bears hit a home run — at least for a day.\nAs usual, everyone wanted to know why the market fell, and the analysts had prepared answers, from COVID-19’s Delta variant to the Consumer Price Index to overbought technical indicators.\nThe truth is that nobody knows. People have multiple reasons for selling, so it’s ridiculous to blame one event. That said, a big contributor to the decline was automatic, computer-generated selling. Once large market participants, especially algos, started selling, there was a mad rush out of the door. No one wanted to be the last one out, so retail traders and institutions sold in a panic, which got more intense as the day went on.\nTechnical indicators contributed as well: The weekly relative strength indicator (RSI) has been remarkably accurate in warning of a market reversal. Once RSI goes over 70 and stays there, buyers beware.  After the July 26 market close, the RSI of the S&P 500SPX,-0.54%stood at 71.36 on the weekly chart — an extremely overbought reading. Does this mean that the index is going to plunge tomorrow? No one knows. But RSI is giving a clue that the U.S. market is in the danger zone.\nThe bad news bears can’t catch a break\nBefore the bears could say, “I told you so,” the next day, July 20, the 700-plus point Dow selloff was erased by a 550-point Dow rally. The bulls forgot about the selloff and returned to celebrating, and gulping glass after glass of their favorite drink, “bull-ade.” Once again, the storm passed, but this time a little fear creeped into the bulls’ psyche. Before, the only fear was the fear of missing out on the next rally. Now, many investors realize the market can actually go down.\nWhat to do now\nThe next time the market plunges and you’re experiencing a variety of emotions, the following guide might help:\n1. If you’re panicked: Don’t do something; sit there. Do not buy, do not sell, just sit tight. In fact, turn off the computer or other devices. Don’t fret over how much paper money you lost that day. Exercise, walk, run, swim, ride a bike. Your goal is to reduce emotions so you can get a good night’s sleep. When the market stabilizes, reevaluate what you own. Do not make any big financial decisions on days like this.\n2. If you’re afraid: Take it easy. The selloff will end eventually. There is no reason to panic. Again, reevaluate what you own when the market comes to its senses.\n3. If you’re unaffected:Still, check your portfolio to make sure you are properly diversified. While it’s find to not care if the market falls, be sure you are hedged for a worst-case scenario. One day there will be a bear market that will last months or years. Be prepared.\nWhat specific actions should you take?\nNow that you’ve taken care of your emotional health, there are other financial decisions you can make. Let’s take a look atsome strategies and tacticsthat may help:\n\nSell if the stocks or indexes you own fall below their 200-day moving averages. Note: The major indexes such as the Standard & Poor’s 500SPX,-0.54%have not fallen below (and stayed below) their 200-day averages for a decade. When they do eventually, that is a clear sell signal.\nCreate a long-term investment plan and follow it no matter what happens in the short term.\nDollar-cost average into index funds.\nDiversify. This is the key to success in the stock market and in life. If you own only stocks, consider bonds, but talk to a financial professional (not your neighbor) before taking this step.\nBuy the big dips. This strategy still works. If you had bought the dip on July 19, you would have cleaned up on July 20. One day this strategy won’t work, but that day hasn’t come yet.\nSell covered-call options. This is still an excellent way to generate extra income. This strategy is also ideal for disposing of unwanted stocks, and getting paid for it.\n\nPlan for the next correction or bear market\nAfter a 13-year bull market, the clock is ticking for U.S. stocks. While the bulls scored another victory this time, one day the market won’t reverse direction and will begin a steep correction, or worse yet, a bear market. That’s when you will be glad that you have a plan and an investment script to follow on the worst days.\nKnow what you own, sell to the “sleep-well” point and diversify into a variety of financial products including cash and bonds. This way, when the market plunges again, you won’t make knee-jerk emotional decisions or suffer an anxiety attack.","news_type":1,"symbols_score_info":{".SPX":0.9,"SPY":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":311,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179933737,"gmtCreate":1626480734829,"gmtModify":1633926452872,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"As long as don’t sell when market is down, it’s only paper losses. Hold on and wait, the market will go up eventually.","listText":"As long as don’t sell when market is down, it’s only paper losses. Hold on and wait, the market will go up eventually.","text":"As long as don’t sell when market is down, it’s only paper losses. Hold on and wait, the market will go up eventually.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/179933737","repostId":"1149577900","repostType":4,"isVote":1,"tweetType":1,"viewCount":396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806451593,"gmtCreate":1627690499212,"gmtModify":1633757151792,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"NIO has lots of growth potential. Buy the dip and hold for long term gains.","listText":"NIO has lots of growth potential. Buy the dip and hold for long term gains.","text":"NIO has lots of growth potential. Buy the dip and hold for long term gains.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/806451593","repostId":"1137888611","repostType":4,"repost":{"id":"1137888611","kind":"news","pubTimestamp":1627688479,"share":"https://www.laohu8.com/m/news/1137888611?lang=zh_CN&edition=full","pubTime":"2021-07-31 07:41","market":"us","language":"en","title":"Nio, XPeng, Li Shares Rise, as China EV Stocks Rebound<blockquote>随着中国电动汽车股反弹，蔚来、小鹏汽车、理想汽车股价上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137888611","media":"The Street","summary":"NIO, Li Auto and Xpeng continued the recovery from their July 21-27 drop Friday, even as other U.S.-","content":"<p>  NIO, Li Auto and Xpeng continued the recovery from their July 21-27 drop Friday, even as other U.S.-listed China stocks fell.  Chinese electric vehicle stocks, including NIO&nbsp;(<b>NIO</b>) , Li Auto&nbsp;(<b>LI</b>) and Xpeng&nbsp;(<b>XPEV</b>) , continued the rebound from their July 21-27 drop Friday, even as other U.S.-listed China stocks fell.</p><p><blockquote>尽管其他在美上市的中概股下跌，但蔚来、理想汽车和小鹏汽车周五继续从7月21日至27日的下跌中复苏。中国电动汽车股，包括蔚来(<b>蔚来</b>)、理想汽车(<b>李</b>）和小鹏（<b>XPEV</b>）周五继续从7月21日至27日的下跌中反弹，尽管其他在美国上市的中国股票下跌。</blockquote></p><p> Nio gained 4% to $44.50, Li 11% to $33.97 and Xpeng 9% to $41.38. Meanwhile, Alibaba BABA slid 2% to $195.19 and Didi DIDI 3% to $9.57.</p><p><blockquote>蔚来上涨4%，至44.50美元，理想汽车上涨11%，至33.97美元，小鹏汽车上涨9%，至41.38美元。与此同时，阿里巴巴-SW下跌2%，至195.19美元，滴滴下跌3%，至9.57美元。</blockquote></p><p> Fear of stringent Chinese regulation is depressing non-EV stocks. But China hasn’t made much noise about cracking down on EV makers. It’s an industry the government would like to dominate.</p><p><blockquote>对中国严格监管的担忧正在打压非电动汽车股票。但中国并没有在打击电动汽车制造商方面发出太多声音。这是一个政府想要主导的行业。</blockquote></p><p> So it may have no desire to put the hammer down on EV companies, and that’s likely buttressing their shares Friday.</p><p><blockquote>因此，它可能不想打击电动汽车公司，这可能会在周五支撑它们的股价。</blockquote></p><p> When it comes to U.S. EV stocks, Tesla&nbsp;(<b>TSLA</b>) -Get Report&nbsp;is the big daddy, of course. Its shares are up 5% to $677.75 Friday, leaving them up 8% for the past five days.</p><p><blockquote>谈到美国电动汽车股票，特斯拉（<b>特斯拉</b>）-当然，Get Report是最重要的。周五，其股价上涨5%，至677.75美元，过去五天上涨8%。</blockquote></p><p> The companyposted stronger-than-expected earningsfor the second quarter Monday and said it's on track to build the first Model Y sedans from new facilities in Austin and Berlin before year-end.</p><p><blockquote>该公司周一公布了强于预期的第二季度收益，并表示有望在年底前在奥斯汀和柏林的新工厂生产首批Model Y轿车。</blockquote></p><p> Chief Executive Elon Musk, however, added in an investor call following the earnings report that the global shortage in semiconductor supplies remains \"quite serious\" and could impact production rates over the second half of the year.</p><p><blockquote>然而，首席执行官Elon Musk在财报发布后的投资者看涨期权中补充称，全球半导体供应短缺仍然“相当严重”，可能会影响下半年的生产率。</blockquote></p><p> Volume growth will depend on the availability of other parts in the global supply chain, he said.</p><p><blockquote>他表示，销量增长将取决于全球供应链中其他零部件的供应情况。</blockquote></p><p> Musk also said he would no longer participate in regular earnings calls, unless he had \"something really important to say\".</p><p><blockquote>马斯克还表示，他将不再参加定期收益评级，除非他有“真正重要的事情要说”。</blockquote></p><p> Tesla said adjusted profit for the latest quarter was $1.45 per share, creaming analysts’ consensus forecast of 98 cents.</p><p><blockquote>特斯拉表示，最新季度调整后利润为每股1.45美元，高于分析师普遍预期的98美分。</blockquote></p><p></p>","source":"lsy1610613172068","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, XPeng, Li Shares Rise, as China EV Stocks Rebound<blockquote>随着中国电动汽车股反弹，蔚来、小鹏汽车、理想汽车股价上涨</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, XPeng, Li Shares Rise, as China EV Stocks Rebound<blockquote>随着中国电动汽车股反弹，蔚来、小鹏汽车、理想汽车股价上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-07-31 07:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  NIO, Li Auto and Xpeng continued the recovery from their July 21-27 drop Friday, even as other U.S.-listed China stocks fell.  Chinese electric vehicle stocks, including NIO&nbsp;(<b>NIO</b>) , Li Auto&nbsp;(<b>LI</b>) and Xpeng&nbsp;(<b>XPEV</b>) , continued the rebound from their July 21-27 drop Friday, even as other U.S.-listed China stocks fell.</p><p><blockquote>尽管其他在美上市的中概股下跌，但蔚来、理想汽车和小鹏汽车周五继续从7月21日至27日的下跌中复苏。中国电动汽车股，包括蔚来(<b>蔚来</b>)、理想汽车(<b>李</b>）和小鹏（<b>XPEV</b>）周五继续从7月21日至27日的下跌中反弹，尽管其他在美国上市的中国股票下跌。</blockquote></p><p> Nio gained 4% to $44.50, Li 11% to $33.97 and Xpeng 9% to $41.38. Meanwhile, Alibaba BABA slid 2% to $195.19 and Didi DIDI 3% to $9.57.</p><p><blockquote>蔚来上涨4%，至44.50美元，理想汽车上涨11%，至33.97美元，小鹏汽车上涨9%，至41.38美元。与此同时，阿里巴巴-SW下跌2%，至195.19美元，滴滴下跌3%，至9.57美元。</blockquote></p><p> Fear of stringent Chinese regulation is depressing non-EV stocks. But China hasn’t made much noise about cracking down on EV makers. It’s an industry the government would like to dominate.</p><p><blockquote>对中国严格监管的担忧正在打压非电动汽车股票。但中国并没有在打击电动汽车制造商方面发出太多声音。这是一个政府想要主导的行业。</blockquote></p><p> So it may have no desire to put the hammer down on EV companies, and that’s likely buttressing their shares Friday.</p><p><blockquote>因此，它可能不想打击电动汽车公司，这可能会在周五支撑它们的股价。</blockquote></p><p> When it comes to U.S. EV stocks, Tesla&nbsp;(<b>TSLA</b>) -Get Report&nbsp;is the big daddy, of course. Its shares are up 5% to $677.75 Friday, leaving them up 8% for the past five days.</p><p><blockquote>谈到美国电动汽车股票，特斯拉（<b>特斯拉</b>）-当然，Get Report是最重要的。周五，其股价上涨5%，至677.75美元，过去五天上涨8%。</blockquote></p><p> The companyposted stronger-than-expected earningsfor the second quarter Monday and said it's on track to build the first Model Y sedans from new facilities in Austin and Berlin before year-end.</p><p><blockquote>该公司周一公布了强于预期的第二季度收益，并表示有望在年底前在奥斯汀和柏林的新工厂生产首批Model Y轿车。</blockquote></p><p> Chief Executive Elon Musk, however, added in an investor call following the earnings report that the global shortage in semiconductor supplies remains \"quite serious\" and could impact production rates over the second half of the year.</p><p><blockquote>然而，首席执行官Elon Musk在财报发布后的投资者看涨期权中补充称，全球半导体供应短缺仍然“相当严重”，可能会影响下半年的生产率。</blockquote></p><p> Volume growth will depend on the availability of other parts in the global supply chain, he said.</p><p><blockquote>他表示，销量增长将取决于全球供应链中其他零部件的供应情况。</blockquote></p><p> Musk also said he would no longer participate in regular earnings calls, unless he had \"something really important to say\".</p><p><blockquote>马斯克还表示，他将不再参加定期收益评级，除非他有“真正重要的事情要说”。</blockquote></p><p> Tesla said adjusted profit for the latest quarter was $1.45 per share, creaming analysts’ consensus forecast of 98 cents.</p><p><blockquote>特斯拉表示，最新季度调整后利润为每股1.45美元，高于分析师普遍预期的98美分。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/china-ev-stocks-rebound-nio-xpeng-li\">The Street</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","LI":"理想汽车","XPEV":"小鹏汽车"},"source_url":"https://www.thestreet.com/investing/china-ev-stocks-rebound-nio-xpeng-li","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137888611","content_text":"NIO, Li Auto and Xpeng continued the recovery from their July 21-27 drop Friday, even as other U.S.-listed China stocks fell.\n\nChinese electric vehicle stocks, including NIO (NIO) , Li Auto (LI) and Xpeng (XPEV) , continued the rebound from their July 21-27 drop Friday, even as other U.S.-listed China stocks fell.\nNio gained 4% to $44.50, Li 11% to $33.97 and Xpeng 9% to $41.38. Meanwhile, Alibaba BABA slid 2% to $195.19 and Didi DIDI 3% to $9.57.\nFear of stringent Chinese regulation is depressing non-EV stocks. But China hasn’t made much noise about cracking down on EV makers. It’s an industry the government would like to dominate.\nSo it may have no desire to put the hammer down on EV companies, and that’s likely buttressing their shares Friday.\nWhen it comes to U.S. EV stocks, Tesla (TSLA) -Get Report is the big daddy, of course. Its shares are up 5% to $677.75 Friday, leaving them up 8% for the past five days.\nThe companyposted stronger-than-expected earningsfor the second quarter Monday and said it's on track to build the first Model Y sedans from new facilities in Austin and Berlin before year-end.\nChief Executive Elon Musk, however, added in an investor call following the earnings report that the global shortage in semiconductor supplies remains \"quite serious\" and could impact production rates over the second half of the year.\nVolume growth will depend on the availability of other parts in the global supply chain, he said.\nMusk also said he would no longer participate in regular earnings calls, unless he had \"something really important to say\".\nTesla said adjusted profit for the latest quarter was $1.45 per share, creaming analysts’ consensus forecast of 98 cents.","news_type":1,"symbols_score_info":{"XPEV":0.9,"NIO":0.9,"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170319257,"gmtCreate":1626403958079,"gmtModify":1633927045715,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"The stock market is always nervous about inflation.","listText":"The stock market is always nervous about inflation.","text":"The stock market is always nervous about inflation.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/170319257","repostId":"2151573133","repostType":4,"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":850244274,"gmtCreate":1634605144326,"gmtModify":1634605145636,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"NIO will be a good buy for the long haul.","listText":"NIO will be a good buy for the long haul.","text":"NIO will be a good buy for the long haul.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/850244274","repostId":"2176482124","repostType":4,"isVote":1,"tweetType":1,"viewCount":2300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":894126084,"gmtCreate":1628812750448,"gmtModify":1633689341718,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"SoFi stock is way under valued. But I’m confidentit will bounce back by end of the year. [Grin]&nbsp;","listText":"SoFi stock is way under valued. But I’m confidentit will bounce back by end of the year. [Grin]&nbsp;","text":"SoFi stock is way under valued. But I’m confidentit will bounce back by end of the year. [Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/894126084","repostId":"2159266201","repostType":4,"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171689630,"gmtCreate":1626741959220,"gmtModify":1633771542612,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"Well buying the dip is like buying at discount. Who doesn’t like discounts? [LOL]&nbsp;","listText":"Well buying the dip is like buying at discount. Who doesn’t like discounts? [LOL]&nbsp;","text":"Well buying the dip is like buying at discount. Who doesn’t like discounts? [LOL]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/171689630","repostId":"1113782694","repostType":4,"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":853974015,"gmtCreate":1634771336245,"gmtModify":1634771337741,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"Wow ok","listText":"Wow ok","text":"Wow ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/853974015","repostId":"2177314294","repostType":4,"isVote":1,"tweetType":1,"viewCount":3332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":891612769,"gmtCreate":1628386039051,"gmtModify":1633751345167,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"That’s why there’s a saying that you will never berich making money in a honest way.","listText":"That’s why there’s a saying that you will never berich making money in a honest way.","text":"That’s why there’s a saying that you will never berich making money in a honest way.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/891612769","repostId":"1119792130","repostType":4,"isVote":1,"tweetType":1,"viewCount":477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899492269,"gmtCreate":1628209381551,"gmtModify":1631883895222,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"I wonder who is really the one manipulating the stock. How can it be retail investors? What a joke.“AMC stock has mostly exploded higher as a result of misguided interest from a group of retail traders who believe that manipulating the price of the security higher will create an infinite short squeeze that some traders hope will eventually value the company in the hundreds of billions of dollars.”","listText":"I wonder who is really the one manipulating the stock. How can it be retail investors? What a joke.“AMC stock has mostly exploded higher as a result of misguided interest from a group of retail traders who believe that manipulating the price of the security higher will create an infinite short squeeze that some traders hope will eventually value the company in the hundreds of billions of dollars.”","text":"I wonder who is really the one manipulating the stock. How can it be retail investors? What a joke.“AMC stock has mostly exploded higher as a result of misguided interest from a group of retail traders who believe that manipulating the price of the security higher will create an infinite short squeeze that some traders hope will eventually value the company in the hundreds of billions of dollars.”","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/899492269","repostId":"1158295123","repostType":4,"isVote":1,"tweetType":1,"viewCount":509,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144586694,"gmtCreate":1626306277418,"gmtModify":1633928120153,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"The market is so manipulated that it’s disgusting.&nbsp;","listText":"The market is so manipulated that it’s disgusting.&nbsp;","text":"The market is so manipulated that it’s disgusting.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/144586694","repostId":"2151142915","repostType":4,"isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":856291110,"gmtCreate":1635179174855,"gmtModify":1635179176246,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"Go AMD!","listText":"Go AMD!","text":"Go AMD!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/856291110","repostId":"1149530520","repostType":2,"repost":{"id":"1149530520","kind":"news","pubTimestamp":1635132617,"share":"https://www.laohu8.com/m/news/1149530520?lang=zh_CN&edition=full","pubTime":"2021-10-25 11:30","market":"us","language":"en","title":"AMD Q3 Earnings: Beat And Raise Ahead<blockquote>AMD第三季度收益：超越并提高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1149530520","media":"Seeking Alpha","summary":"Summary\n\nWith Intel disappointing this earnings season and with red flags on Chromebook demand, how ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>With Intel disappointing this earnings season and with red flags on Chromebook demand, how will AMD do this earnings season?</li>  <li>The article explains the many tailwinds that AMD is witnessing due to its strong product portfolio and how they may shape Q3 and the future.</li>  <li>The article also estimates the impact of huge momentum AMD has in HPC and the impact of some less well known supercomputer wins.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/08c1648ab993b936505e940848901a89\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>JHVEPhoto/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>由于英特尔在本财报季令人失望，Chromebook需求出现危险信号，AMD在本财报季将如何表现？</li><li>这篇文章解释了AMD因其强大的产品组合而见证的许多顺风，以及它们可能如何塑造第三季度和未来。</li><li>文章还估计了AMD在HPC领域的巨大势头的影响，以及一些鲜为人知的超级计算机胜利的影响。</li></ul><p class=\"t-img-caption\"><span>JHVEPhoto/iStock社论来自Getty Images</span></p></blockquote></p><p> Intel(NASDAQ:INTC)&nbsp;disappointed investors with its Q3 results and guidance as&nbsp;forecasted. After Intel results, especially the&nbsp;Chromebook meltdown&nbsp;hat many investors seem to not have noticed, the investment community may be wondering if Advanced Micro Devices(NASDAQ:AMD)&nbsp;will also disappoint. It is a reasonable concern given the worries about the COVID demand peak and the end of the semiconductor cycle.</p><p><blockquote>英特尔（纳斯达克股票代码：INTC）第三季度业绩和指引的预期令投资者失望。在英特尔业绩公布后，尤其是许多投资者似乎没有注意到的Chromebook崩溃，投资界可能想知道Advanced Micro Devices（纳斯达克股票代码：AMD）是否也会令人失望。考虑到对新冠疫情需求高峰和半导体周期结束的担忧，这是一个合理的担忧。</blockquote></p><p> On the contrary, AMD management has been telegraphing a strong H2 and 2022 for a while now. As such, during the Q2 earnings call, and in subsequent investor events, AMD management has guided that the Company is growing in H2 in all key segments including datacenter CPU, client CPU, GPU, and Consoles.</p><p><blockquote>相反，AMD管理层一段时间以来一直在预测下半年和2022年会表现强劲。因此，在第二季度财报看涨期权以及随后的投资者活动中，AMD管理层表示，该公司下半年在所有关键领域都在增长，包括数据中心CPU、客户端CPU、GPU和控制台。</blockquote></p><p> After reviewing Q3 customer and channel developments as well as the upcoming product releases,<i>Beyond the Hype</i>&nbsp;assesses that AMD is operating at a different level than Intel and, unlike its peer, is likely to deliver a solid beat and provide for strong guidance.</p><p><blockquote>在回顾了第三季度客户和渠道发展以及即将发布的产品之后，<i>超越炒作</i>评估认为AMD的运营水平与英特尔不同，并且与同行不同，AMD可能会提供稳健的表现并提供强有力的指导。</blockquote></p><p> <b>Data Center Business Is Booming</b></p><p><blockquote><b>数据中心业务蓬勃发展</b></blockquote></p><p> AMD’s earning highlight for Q3, by a wide margin, is likely to be its data center business.<i>Beyond The Hype</i>estimates that the growth in this highly desirable segment in Q3 will be spectacular. Intel results apart, indications are that cloud service provider demand was very strong during the quarter. Intel’s weakness with cloud SPs seems to be stemming mainly from AMD taking market share, especially with large core devices where Intel has no good alternatives to offer. Outside of cloud service providers, AMD management has guided for, and reiterated, strong corporate demand in Q3 – strong corporate demand has also been validated by Intel, Micron(NASDAQ:MU), and others during their respective earnings calls.</p><p><blockquote>AMD第三季度的盈利亮点很可能是其数据中心业务。<i>超越炒作</i>据估计，第三季度这一非常受欢迎的细分市场的增长将非常惊人。除了英特尔的业绩之外，有迹象表明本季度云服务提供商的需求非常强劲。英特尔在云SP方面的弱点似乎主要源于AMD抢占市场份额，特别是在英特尔没有好的替代品的大型核心设备方面。除了云服务提供商之外，AMD管理层还指导并重申了第三季度强劲的企业需求——英特尔、美光科技（纳斯达克股票代码：MU）和其他公司在各自的盈利评级上也验证了强劲的企业需求。</blockquote></p><p> In addition to cloud SP and corporate servers, there is a powerful High-Performance Computing, or HPC, dynamic at play at AMD that most market observers have not caught on. Unbeknownst to many, AMD is now dominating the HPC design win scene and taking serious market share from Intel and Nvidia(NASDAQ:NVDA). While NVDA’s GPU and accelerators continue to do well in AI, AMD is now becoming a major threat in the HPC accelerator business. Preliminary leaks suggest that AMD’s MI200 accelerator, which is set to be announced soon, is likely to beat Nvidia alternatives in many HPC applications. Note that MI200 is not vaporware or some futuristic pie-in-the-sky product. Management has already let it be known that AMD has shipped a small volume of MI200 GPU accelerators in Q2. These were likely shipped to the Frontier supercomputer project and other similar HPC applications.</p><p><blockquote>除了云SP和企业服务器之外，AMD还有一种强大的高性能计算(HPC)动态，但大多数市场观察家尚未了解。许多人不知道的是，AMD现在在HPC设计领域占据主导地位，并从英特尔和英伟达（纳斯达克：NVDA）手中夺取了大量市场份额。虽然NVDA的GPU和加速器在AI领域继续表现出色，但AMD现在正在成为HPC加速器业务的主要威胁。初步泄露表明，AMD即将发布的MI200加速器很可能会在许多HPC应用中击败Nvidia的替代品。请注意，MI200不是vaporware或一些未来派的天上掉馅饼产品。管理层已经宣布AMD在第二季度出货了少量MI200 GPU加速器。这些很可能被运送到前沿超级计算机项目和其他类似的HPC应用程序。</blockquote></p><p> A few next-generation Trento EPYC chips, optimized for HPC applications, are also being shipped with the MI200 GPUs to these same customers. Like MI200, Trento EPYC is unreleased, and not much is known about its performance. But that will not stop the Company from realizing revenues from this product during the quarter. Management commentary to date, as well as Frontier PR so far indicates that the system will be largely built out by the end of 2021. Furthermore, AMD will also be recognizing revenues for silicon and services into 2 more HPC systems in H2 - LUMI and Pawsey. Between these three projects, it seems reasonable to assume that AMD will record about $300M in revenues in Q3, another $300M in Q4, and another couple of hundred million in H1 2022. While these HPC volumes, especially from large supercomputers like Frontier, are lumpy, AMD will deliver strong revenues from this segment in 2021 and 2022. HPC should contribute meaningfully to AMD datacenter growth in Q3 and beyond.</p><p><blockquote>一些针对HPC应用进行了优化的下一代Trento EPYC芯片也与MI200 GPU一起交付给这些客户。与MI200一样，Trento EPYC尚未发布，人们对其性能知之甚少。但这不会阻止该公司在本季度实现该产品的收入。迄今为止的管理层评论以及Frontier PR表明，该系统将于2021年底基本建成。此外，AMD还将确认H2另外两个HPC系统（米露和波西）的硅和服务收入。在这三个项目之间，似乎有理由假设AMD将在第三季度实现约3亿美元的收入，在第四季度再实现3亿美元的收入，在2022年上半年再实现数亿美元的收入。虽然这些HPC量，尤其是来自Frontier等大型超级计算机的HPC量不稳定，但AMD将在2021年和2022年从这一领域带来强劲的收入。HPC应该会在第三季度及以后为AMD数据中心的增长做出有意义的贡献。</blockquote></p><p> All these items are pointing to substantial share gains for AMD in the data center CPU and GPUs fronts in Q2.<i>Beyond The Hype</i>estimates that, in Q3, AMD grew data center CPU market share by at least 200 basis points and data center GPU market share by at least 300 basis points. This likely contributed to an incremental $300M to $400M or more data center demand for AMD from Q2 levels.</p><p><blockquote>所有这些都表明AMD在第二季度数据中心CPU和GPU领域的份额将大幅增长。<i>超越炒作</i>据估计，第三季度AMD的数据中心CPU市场份额增长了至少200个基点，数据中心GPU市场份额增长了至少300个基点。这可能导致AMD的数据中心需求较第二季度增加3亿至4亿美元或更多。</blockquote></p><p> <b>Ryzen X86 Laptops Continue To Ramp But Chromebooks Are A Headwind</b></p><p><blockquote><b>Ryzen X86笔记本电脑继续增长，但Chromebook是一个阻力</b></blockquote></p><p></p><p> One of the key drivers of AMD’s growth during H1 was the company’s Ryzen laptop product line. Management has claimed that its new 5000 series products have garnered 150+ designs which are expected to ramp throughout the year. Management guidance suggests that laptops will continue to ramp in Q3. Checks show companies such as Lenovo continuing to introduce new products steadily. On the flip side, Chromebook sales have plummeted in the quarter. Although Intel has much of the Chromebook business, it is reasonable to expect that AMD too would have seen some softness on this front during the quarter. The high-end Ryzen laptop ramp may be offset somewhat by the slowdown in Chromebooks, and it is possible that there may not be significant revenue upside on the laptop revenue front in Q3.</p><p><blockquote>AMD上半年增长的关键驱动力之一是该公司的Ryzen笔记本电脑产品线。管理层声称，其新的5000系列产品已获得150多种设计，预计全年将增加。管理层指导表明，笔记本电脑将在第三季度继续增长。检查显示，联想等公司继续稳步推出新产品。另一方面，Chromebook的销量在本季度直线下降。尽管英特尔拥有大部分Chromebook业务，但有理由预计AMD在本季度也会在这方面出现一些疲软。高端锐龙笔记本电脑的增长可能会在一定程度上被Chromebooks的放缓所抵消，并且第三季度笔记本电脑收入方面可能不会有显着的收入增长。</blockquote></p><p> Nevertheless,<i>Beyond The Hype</i>&nbsp;predicts that AMD gained at least 400 basis point market share in the laptop CPU segment in Q3.</p><p><blockquote>然而，<i>超越炒作</i>预测AMD在第三季度在笔记本电脑CPU领域获得了至少400个基点的市场份额。</blockquote></p><p> <b>GPU Sales Up Strongly In Q3</b></p><p><blockquote><b>第三季度GPU销量强劲增长</b></blockquote></p><p> After several quarters of having severe constraints on GPU supply, AMD was able to ship a decent volume of existing and new GPUs in the quarter. At the end of the quarter, in addition to increasing gaming laptops, channel checks suggested that several of Radeon 6000 series GPUs were available in the retail channel. The 6600 series, catering to low-end gaming, was also launched in the quarter and has been outselling other GPUs at key retailers. Although these were priced well over MSRP, even having stock in the channel is a refreshing change from prior quarters.</p><p><blockquote>经过几个季度GPU供应受到严重限制后，AMD在本季度能够出货相当数量的现有和新GPU。在本季度末，除了增加游戏笔记本电脑外，渠道检查表明，零售渠道中有几款Radeon 6000系列GPU。迎合低端游戏的6600系列也在本季度推出，在主要零售商的销量一直超过其他GPU。尽管这些产品的价格远高于建议零售价，但与前几个季度相比，即使渠道中有库存也是一个令人耳目一新的变化。</blockquote></p><p> It appears likely that AMD shipped $100M to $200M, or more, of additional GPU products in Q3 compared to Q2. The upside here could be substantial – limited only by AMD’s supply chain.</p><p><blockquote>与第二季度相比，AMD第三季度的GPU产品出货量可能会增加1亿至2亿美元，甚至更多。这里的上升空间可能是巨大的——仅受到AMD供应链的限制。</blockquote></p><p> <b>Console Business Picking Up</b></p><p><blockquote><b>主机业务回暖</b></blockquote></p><p> It is well known that AMD supplies gaming console chips to two of the largest console customers – Sony(NYSE:SONY)and Microsoft(NASDAQ:MSFT). The second half of the year is seasonally strong for consoles and indications are that both Sony and Microsoft have seen an uptick in console sales in Q3. Furthermore, AMD is also designed into the upcoming portable Steam Deck console. Strong demand from existing customers as well as ramp-up of the new Steam Deck console suggests that AMD could have about $50M of console upside during Q3 compared to Q2 levels.</p><p><blockquote>众所周知，AMD向两个最大的游戏机客户——索尼（纽约证券交易所股票代码：SONY）和微软（纳斯达克股票代码：MSFT）供应游戏机芯片。今年下半年游戏机季节性强劲，有迹象表明，索尼和微软在第三季度的游戏机销量都有所上升。此外，AMD还被设计到即将推出的便携式Steam Deck控制台中。现有客户的强劲需求以及新Steam Deck游戏机的增长表明，与第二季度的水平相比，AMD第三季度的游戏机上涨空间可能约为5000万美元。</blockquote></p><p> <b>Tying It All Up</b></p><p><blockquote><b>把一切都绑起来</b></blockquote></p><p> Based on how the quarter has proceeded, it is exceedingly likely that AMD will ship $300M-$400M incremental EPYC revenues in enterprise and datacenter, $100M to $200M incremental revenues in GPUs, and about $50M incremental console sales between the new Steam Deck console, and existing PS5 and Xbox consoles. In other words, AMD could potentially ship between $450M to $650M in incremental revenues compared to Q2.</p><p><blockquote>根据本季度的进展情况，AMD极有可能在企业和数据中心领域增加3亿至4亿美元的EPYC收入，在GPU领域增加1亿至2亿美元的收入，以及新的Steam Deck游戏机之间增加约5000万美元的游戏机销售额，以及现有的PS5和Xbox游戏机。换句话说，与第二季度相比，AMD可能会增加4.5亿至6.5亿美元的收入。</blockquote></p><p> On a $3.85B Q2 baseline, this suggests revenue potential between $4.3B to $4.5B in revenues as opposed to $4.1B in guidance. As such, it is possible that AMD had much more demand, and ship more, especially on the data center CPU and client GPU fronts. The challenge for AMD is not product demand but if AMD has the supply to meet the demand.</p><p><blockquote>在$38.5亿Q2基线上，这表明收入潜力在$43亿至$45亿之间，而指导值为$41亿。因此，AMD的需求可能会更多，出货量也会更多，尤其是在数据中心CPU和客户端GPU方面。AMD面临的挑战不是产品需求，而是AMD是否有供应来满足需求。</blockquote></p><p> A nice revenue beat is only half the story. The other half of the story is gross margins. Keen readers may have noticed that much of the incremental Q3 revenue discussed above comes with juicy margins. AMD’s margins on EPYC and MI200 GPU are much higher than the corporate average. Thanks to insatiable crypto demand and elevated GPU prices, GPU margins are also likely to be healthy. Considering the mix involved, Q3 gross margin is likely to be at least 100 basis points above guidance.</p><p><blockquote>不错的收入增长只是故事的一半。故事的另一半是毛利率。敏锐的读者可能已经注意到，上面讨论的第三季度增量收入大部分都带有丰厚的利润。AMD在EPYC和MI200 GPU上的利润率远高于企业平均水平。由于永不满足的加密需求和GPU价格上涨，GPU利润率也可能保持健康。考虑到所涉及的组合，第三季度毛利率可能比指导值高出至少100个基点。</blockquote></p><p> <b>Guidance For 2022 And Beyond</b></p><p><blockquote><b>2022年及以后的指导</b></blockquote></p><p> As strong as Q3 likely was, AMD’s strong product offerings for servers, clients, and consoles mean that AMD is likely to continue to grow rapidly – especially in the data center where its products are most advantaged. This will drive strong revenues and strengthen margins for the foreseeable future. Note also that the Xilinx(NASDAQ:XLNX)acquisition is expected to close before the end of the year and all future estimates will have to include Xilinx contributions. And Xilinx’s average margins are much higher than AMD’s and could push up AMD’s combined gross margin by a few hundred basis points. Thanks to organic margin growth and a kicker from Xilinx, AMD should comfortably deliver 50%+ gross margins in 2022. As such, in 2022, it is highly likely that AMD’s gross margins will surpass Intel’s gross margins. If Xilinx acquisition closes before the end of the month, it is possible that AMD’s gross margin could cross Intel’s gross margin in Q4 itself.</p><p><blockquote>尽管第三季度可能表现强劲，但AMD针对服务器、客户端和控制台的强大产品意味着AMD可能会继续快速增长，尤其是在其产品最具优势的数据中心。在可预见的未来，这将推动强劲的收入并提高利润率。另请注意，赛灵思（纳斯达克股票代码：XLNX）的收购预计将在今年年底前完成，所有未来的估计都必须包括赛灵思的贡献。赛灵思的平均利润率远高于AMD，可能会将AMD的综合毛利率推高数百个基点。得益于有机利润率的增长和Xilinx的推动，AMD应该会在2022年轻松实现50%以上的毛利率。因此，到2022年，AMD的毛利率很有可能超过英特尔的毛利率。如果Xilinx收购在本月底之前完成，AMD的毛利率可能会在第四季度超过英特尔的毛利率。</blockquote></p><p> In summary, AMD is set to deliver a strong beat and raise. AMD is in a period of explosive revenue and gross margin growth, and the Company’s valuation should continue to expand meaningfully going forward.</p><p><blockquote>总而言之，AMD将带来强劲的增长。AMD正处于收入和毛利率爆炸性增长时期，未来该公司的估值应该会继续大幅扩张。</blockquote></p><p> <i>An earlier, more expansive, version of this article was published to Beyond The Hype subscribers on September 13th when AMD stock was trading below $105.</i></p><p><blockquote><i>9月13日，当AMD股票交易价格低于105美元时，本文的更早、更广泛的版本发布给Beyond The Hype订阅者。</i></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD Q3 Earnings: Beat And Raise Ahead<blockquote>AMD第三季度收益：超越并提高</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\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\">\nAMD Q3 Earnings: Beat And Raise Ahead<blockquote>AMD第三季度收益：超越并提高</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\">2021-10-25 11:30</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>With Intel disappointing this earnings season and with red flags on Chromebook demand, how will AMD do this earnings season?</li>  <li>The article explains the many tailwinds that AMD is witnessing due to its strong product portfolio and how they may shape Q3 and the future.</li>  <li>The article also estimates the impact of huge momentum AMD has in HPC and the impact of some less well known supercomputer wins.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/08c1648ab993b936505e940848901a89\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>JHVEPhoto/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>由于英特尔在本财报季令人失望，Chromebook需求出现危险信号，AMD在本财报季将如何表现？</li><li>这篇文章解释了AMD因其强大的产品组合而见证的许多顺风，以及它们可能如何塑造第三季度和未来。</li><li>文章还估计了AMD在HPC领域的巨大势头的影响，以及一些鲜为人知的超级计算机胜利的影响。</li></ul><p class=\"t-img-caption\"><span>JHVEPhoto/iStock社论来自Getty Images</span></p></blockquote></p><p> Intel(NASDAQ:INTC)&nbsp;disappointed investors with its Q3 results and guidance as&nbsp;forecasted. After Intel results, especially the&nbsp;Chromebook meltdown&nbsp;hat many investors seem to not have noticed, the investment community may be wondering if Advanced Micro Devices(NASDAQ:AMD)&nbsp;will also disappoint. It is a reasonable concern given the worries about the COVID demand peak and the end of the semiconductor cycle.</p><p><blockquote>英特尔（纳斯达克股票代码：INTC）第三季度业绩和指引的预期令投资者失望。在英特尔业绩公布后，尤其是许多投资者似乎没有注意到的Chromebook崩溃，投资界可能想知道Advanced Micro Devices（纳斯达克股票代码：AMD）是否也会令人失望。考虑到对新冠疫情需求高峰和半导体周期结束的担忧，这是一个合理的担忧。</blockquote></p><p> On the contrary, AMD management has been telegraphing a strong H2 and 2022 for a while now. As such, during the Q2 earnings call, and in subsequent investor events, AMD management has guided that the Company is growing in H2 in all key segments including datacenter CPU, client CPU, GPU, and Consoles.</p><p><blockquote>相反，AMD管理层一段时间以来一直在预测下半年和2022年会表现强劲。因此，在第二季度财报看涨期权以及随后的投资者活动中，AMD管理层表示，该公司下半年在所有关键领域都在增长，包括数据中心CPU、客户端CPU、GPU和控制台。</blockquote></p><p> After reviewing Q3 customer and channel developments as well as the upcoming product releases,<i>Beyond the Hype</i>&nbsp;assesses that AMD is operating at a different level than Intel and, unlike its peer, is likely to deliver a solid beat and provide for strong guidance.</p><p><blockquote>在回顾了第三季度客户和渠道发展以及即将发布的产品之后，<i>超越炒作</i>评估认为AMD的运营水平与英特尔不同，并且与同行不同，AMD可能会提供稳健的表现并提供强有力的指导。</blockquote></p><p> <b>Data Center Business Is Booming</b></p><p><blockquote><b>数据中心业务蓬勃发展</b></blockquote></p><p> AMD’s earning highlight for Q3, by a wide margin, is likely to be its data center business.<i>Beyond The Hype</i>estimates that the growth in this highly desirable segment in Q3 will be spectacular. Intel results apart, indications are that cloud service provider demand was very strong during the quarter. Intel’s weakness with cloud SPs seems to be stemming mainly from AMD taking market share, especially with large core devices where Intel has no good alternatives to offer. Outside of cloud service providers, AMD management has guided for, and reiterated, strong corporate demand in Q3 – strong corporate demand has also been validated by Intel, Micron(NASDAQ:MU), and others during their respective earnings calls.</p><p><blockquote>AMD第三季度的盈利亮点很可能是其数据中心业务。<i>超越炒作</i>据估计，第三季度这一非常受欢迎的细分市场的增长将非常惊人。除了英特尔的业绩之外，有迹象表明本季度云服务提供商的需求非常强劲。英特尔在云SP方面的弱点似乎主要源于AMD抢占市场份额，特别是在英特尔没有好的替代品的大型核心设备方面。除了云服务提供商之外，AMD管理层还指导并重申了第三季度强劲的企业需求——英特尔、美光科技（纳斯达克股票代码：MU）和其他公司在各自的盈利评级上也验证了强劲的企业需求。</blockquote></p><p> In addition to cloud SP and corporate servers, there is a powerful High-Performance Computing, or HPC, dynamic at play at AMD that most market observers have not caught on. Unbeknownst to many, AMD is now dominating the HPC design win scene and taking serious market share from Intel and Nvidia(NASDAQ:NVDA). While NVDA’s GPU and accelerators continue to do well in AI, AMD is now becoming a major threat in the HPC accelerator business. Preliminary leaks suggest that AMD’s MI200 accelerator, which is set to be announced soon, is likely to beat Nvidia alternatives in many HPC applications. Note that MI200 is not vaporware or some futuristic pie-in-the-sky product. Management has already let it be known that AMD has shipped a small volume of MI200 GPU accelerators in Q2. These were likely shipped to the Frontier supercomputer project and other similar HPC applications.</p><p><blockquote>除了云SP和企业服务器之外，AMD还有一种强大的高性能计算(HPC)动态，但大多数市场观察家尚未了解。许多人不知道的是，AMD现在在HPC设计领域占据主导地位，并从英特尔和英伟达（纳斯达克：NVDA）手中夺取了大量市场份额。虽然NVDA的GPU和加速器在AI领域继续表现出色，但AMD现在正在成为HPC加速器业务的主要威胁。初步泄露表明，AMD即将发布的MI200加速器很可能会在许多HPC应用中击败Nvidia的替代品。请注意，MI200不是vaporware或一些未来派的天上掉馅饼产品。管理层已经宣布AMD在第二季度出货了少量MI200 GPU加速器。这些很可能被运送到前沿超级计算机项目和其他类似的HPC应用程序。</blockquote></p><p> A few next-generation Trento EPYC chips, optimized for HPC applications, are also being shipped with the MI200 GPUs to these same customers. Like MI200, Trento EPYC is unreleased, and not much is known about its performance. But that will not stop the Company from realizing revenues from this product during the quarter. Management commentary to date, as well as Frontier PR so far indicates that the system will be largely built out by the end of 2021. Furthermore, AMD will also be recognizing revenues for silicon and services into 2 more HPC systems in H2 - LUMI and Pawsey. Between these three projects, it seems reasonable to assume that AMD will record about $300M in revenues in Q3, another $300M in Q4, and another couple of hundred million in H1 2022. While these HPC volumes, especially from large supercomputers like Frontier, are lumpy, AMD will deliver strong revenues from this segment in 2021 and 2022. HPC should contribute meaningfully to AMD datacenter growth in Q3 and beyond.</p><p><blockquote>一些针对HPC应用进行了优化的下一代Trento EPYC芯片也与MI200 GPU一起交付给这些客户。与MI200一样，Trento EPYC尚未发布，人们对其性能知之甚少。但这不会阻止该公司在本季度实现该产品的收入。迄今为止的管理层评论以及Frontier PR表明，该系统将于2021年底基本建成。此外，AMD还将确认H2另外两个HPC系统（米露和波西）的硅和服务收入。在这三个项目之间，似乎有理由假设AMD将在第三季度实现约3亿美元的收入，在第四季度再实现3亿美元的收入，在2022年上半年再实现数亿美元的收入。虽然这些HPC量，尤其是来自Frontier等大型超级计算机的HPC量不稳定，但AMD将在2021年和2022年从这一领域带来强劲的收入。HPC应该会在第三季度及以后为AMD数据中心的增长做出有意义的贡献。</blockquote></p><p> All these items are pointing to substantial share gains for AMD in the data center CPU and GPUs fronts in Q2.<i>Beyond The Hype</i>estimates that, in Q3, AMD grew data center CPU market share by at least 200 basis points and data center GPU market share by at least 300 basis points. This likely contributed to an incremental $300M to $400M or more data center demand for AMD from Q2 levels.</p><p><blockquote>所有这些都表明AMD在第二季度数据中心CPU和GPU领域的份额将大幅增长。<i>超越炒作</i>据估计，第三季度AMD的数据中心CPU市场份额增长了至少200个基点，数据中心GPU市场份额增长了至少300个基点。这可能导致AMD的数据中心需求较第二季度增加3亿至4亿美元或更多。</blockquote></p><p> <b>Ryzen X86 Laptops Continue To Ramp But Chromebooks Are A Headwind</b></p><p><blockquote><b>Ryzen X86笔记本电脑继续增长，但Chromebook是一个阻力</b></blockquote></p><p></p><p> One of the key drivers of AMD’s growth during H1 was the company’s Ryzen laptop product line. Management has claimed that its new 5000 series products have garnered 150+ designs which are expected to ramp throughout the year. Management guidance suggests that laptops will continue to ramp in Q3. Checks show companies such as Lenovo continuing to introduce new products steadily. On the flip side, Chromebook sales have plummeted in the quarter. Although Intel has much of the Chromebook business, it is reasonable to expect that AMD too would have seen some softness on this front during the quarter. The high-end Ryzen laptop ramp may be offset somewhat by the slowdown in Chromebooks, and it is possible that there may not be significant revenue upside on the laptop revenue front in Q3.</p><p><blockquote>AMD上半年增长的关键驱动力之一是该公司的Ryzen笔记本电脑产品线。管理层声称，其新的5000系列产品已获得150多种设计，预计全年将增加。管理层指导表明，笔记本电脑将在第三季度继续增长。检查显示，联想等公司继续稳步推出新产品。另一方面，Chromebook的销量在本季度直线下降。尽管英特尔拥有大部分Chromebook业务，但有理由预计AMD在本季度也会在这方面出现一些疲软。高端锐龙笔记本电脑的增长可能会在一定程度上被Chromebooks的放缓所抵消，并且第三季度笔记本电脑收入方面可能不会有显着的收入增长。</blockquote></p><p> Nevertheless,<i>Beyond The Hype</i>&nbsp;predicts that AMD gained at least 400 basis point market share in the laptop CPU segment in Q3.</p><p><blockquote>然而，<i>超越炒作</i>预测AMD在第三季度在笔记本电脑CPU领域获得了至少400个基点的市场份额。</blockquote></p><p> <b>GPU Sales Up Strongly In Q3</b></p><p><blockquote><b>第三季度GPU销量强劲增长</b></blockquote></p><p> After several quarters of having severe constraints on GPU supply, AMD was able to ship a decent volume of existing and new GPUs in the quarter. At the end of the quarter, in addition to increasing gaming laptops, channel checks suggested that several of Radeon 6000 series GPUs were available in the retail channel. The 6600 series, catering to low-end gaming, was also launched in the quarter and has been outselling other GPUs at key retailers. Although these were priced well over MSRP, even having stock in the channel is a refreshing change from prior quarters.</p><p><blockquote>经过几个季度GPU供应受到严重限制后，AMD在本季度能够出货相当数量的现有和新GPU。在本季度末，除了增加游戏笔记本电脑外，渠道检查表明，零售渠道中有几款Radeon 6000系列GPU。迎合低端游戏的6600系列也在本季度推出，在主要零售商的销量一直超过其他GPU。尽管这些产品的价格远高于建议零售价，但与前几个季度相比，即使渠道中有库存也是一个令人耳目一新的变化。</blockquote></p><p> It appears likely that AMD shipped $100M to $200M, or more, of additional GPU products in Q3 compared to Q2. The upside here could be substantial – limited only by AMD’s supply chain.</p><p><blockquote>与第二季度相比，AMD第三季度的GPU产品出货量可能会增加1亿至2亿美元，甚至更多。这里的上升空间可能是巨大的——仅受到AMD供应链的限制。</blockquote></p><p> <b>Console Business Picking Up</b></p><p><blockquote><b>主机业务回暖</b></blockquote></p><p> It is well known that AMD supplies gaming console chips to two of the largest console customers – Sony(NYSE:SONY)and Microsoft(NASDAQ:MSFT). The second half of the year is seasonally strong for consoles and indications are that both Sony and Microsoft have seen an uptick in console sales in Q3. Furthermore, AMD is also designed into the upcoming portable Steam Deck console. Strong demand from existing customers as well as ramp-up of the new Steam Deck console suggests that AMD could have about $50M of console upside during Q3 compared to Q2 levels.</p><p><blockquote>众所周知，AMD向两个最大的游戏机客户——索尼（纽约证券交易所股票代码：SONY）和微软（纳斯达克股票代码：MSFT）供应游戏机芯片。今年下半年游戏机季节性强劲，有迹象表明，索尼和微软在第三季度的游戏机销量都有所上升。此外，AMD还被设计到即将推出的便携式Steam Deck控制台中。现有客户的强劲需求以及新Steam Deck游戏机的增长表明，与第二季度的水平相比，AMD第三季度的游戏机上涨空间可能约为5000万美元。</blockquote></p><p> <b>Tying It All Up</b></p><p><blockquote><b>把一切都绑起来</b></blockquote></p><p> Based on how the quarter has proceeded, it is exceedingly likely that AMD will ship $300M-$400M incremental EPYC revenues in enterprise and datacenter, $100M to $200M incremental revenues in GPUs, and about $50M incremental console sales between the new Steam Deck console, and existing PS5 and Xbox consoles. In other words, AMD could potentially ship between $450M to $650M in incremental revenues compared to Q2.</p><p><blockquote>根据本季度的进展情况，AMD极有可能在企业和数据中心领域增加3亿至4亿美元的EPYC收入，在GPU领域增加1亿至2亿美元的收入，以及新的Steam Deck游戏机之间增加约5000万美元的游戏机销售额，以及现有的PS5和Xbox游戏机。换句话说，与第二季度相比，AMD可能会增加4.5亿至6.5亿美元的收入。</blockquote></p><p> On a $3.85B Q2 baseline, this suggests revenue potential between $4.3B to $4.5B in revenues as opposed to $4.1B in guidance. As such, it is possible that AMD had much more demand, and ship more, especially on the data center CPU and client GPU fronts. The challenge for AMD is not product demand but if AMD has the supply to meet the demand.</p><p><blockquote>在$38.5亿Q2基线上，这表明收入潜力在$43亿至$45亿之间，而指导值为$41亿。因此，AMD的需求可能会更多，出货量也会更多，尤其是在数据中心CPU和客户端GPU方面。AMD面临的挑战不是产品需求，而是AMD是否有供应来满足需求。</blockquote></p><p> A nice revenue beat is only half the story. The other half of the story is gross margins. Keen readers may have noticed that much of the incremental Q3 revenue discussed above comes with juicy margins. AMD’s margins on EPYC and MI200 GPU are much higher than the corporate average. Thanks to insatiable crypto demand and elevated GPU prices, GPU margins are also likely to be healthy. Considering the mix involved, Q3 gross margin is likely to be at least 100 basis points above guidance.</p><p><blockquote>不错的收入增长只是故事的一半。故事的另一半是毛利率。敏锐的读者可能已经注意到，上面讨论的第三季度增量收入大部分都带有丰厚的利润。AMD在EPYC和MI200 GPU上的利润率远高于企业平均水平。由于永不满足的加密需求和GPU价格上涨，GPU利润率也可能保持健康。考虑到所涉及的组合，第三季度毛利率可能比指导值高出至少100个基点。</blockquote></p><p> <b>Guidance For 2022 And Beyond</b></p><p><blockquote><b>2022年及以后的指导</b></blockquote></p><p> As strong as Q3 likely was, AMD’s strong product offerings for servers, clients, and consoles mean that AMD is likely to continue to grow rapidly – especially in the data center where its products are most advantaged. This will drive strong revenues and strengthen margins for the foreseeable future. Note also that the Xilinx(NASDAQ:XLNX)acquisition is expected to close before the end of the year and all future estimates will have to include Xilinx contributions. And Xilinx’s average margins are much higher than AMD’s and could push up AMD’s combined gross margin by a few hundred basis points. Thanks to organic margin growth and a kicker from Xilinx, AMD should comfortably deliver 50%+ gross margins in 2022. As such, in 2022, it is highly likely that AMD’s gross margins will surpass Intel’s gross margins. If Xilinx acquisition closes before the end of the month, it is possible that AMD’s gross margin could cross Intel’s gross margin in Q4 itself.</p><p><blockquote>尽管第三季度可能表现强劲，但AMD针对服务器、客户端和控制台的强大产品意味着AMD可能会继续快速增长，尤其是在其产品最具优势的数据中心。在可预见的未来，这将推动强劲的收入并提高利润率。另请注意，赛灵思（纳斯达克股票代码：XLNX）的收购预计将在今年年底前完成，所有未来的估计都必须包括赛灵思的贡献。赛灵思的平均利润率远高于AMD，可能会将AMD的综合毛利率推高数百个基点。得益于有机利润率的增长和Xilinx的推动，AMD应该会在2022年轻松实现50%以上的毛利率。因此，到2022年，AMD的毛利率很有可能超过英特尔的毛利率。如果Xilinx收购在本月底之前完成，AMD的毛利率可能会在第四季度超过英特尔的毛利率。</blockquote></p><p> In summary, AMD is set to deliver a strong beat and raise. AMD is in a period of explosive revenue and gross margin growth, and the Company’s valuation should continue to expand meaningfully going forward.</p><p><blockquote>总而言之，AMD将带来强劲的增长。AMD正处于收入和毛利率爆炸性增长时期，未来该公司的估值应该会继续大幅扩张。</blockquote></p><p> <i>An earlier, more expansive, version of this article was published to Beyond The Hype subscribers on September 13th when AMD stock was trading below $105.</i></p><p><blockquote><i>9月13日，当AMD股票交易价格低于105美元时，本文的更早、更广泛的版本发布给Beyond The Hype订阅者。</i></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4461703-amd-q3-earnings-beat-and-raise-ahead\">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":{"AMD":"美国超微公司"},"source_url":"https://seekingalpha.com/article/4461703-amd-q3-earnings-beat-and-raise-ahead","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149530520","content_text":"Summary\n\nWith Intel disappointing this earnings season and with red flags on Chromebook demand, how will AMD do this earnings season?\nThe article explains the many tailwinds that AMD is witnessing due to its strong product portfolio and how they may shape Q3 and the future.\nThe article also estimates the impact of huge momentum AMD has in HPC and the impact of some less well known supercomputer wins.\n\nJHVEPhoto/iStock Editorial via Getty Images\nIntel(NASDAQ:INTC) disappointed investors with its Q3 results and guidance as forecasted. After Intel results, especially the Chromebook meltdown hat many investors seem to not have noticed, the investment community may be wondering if Advanced Micro Devices(NASDAQ:AMD) will also disappoint. It is a reasonable concern given the worries about the COVID demand peak and the end of the semiconductor cycle.\nOn the contrary, AMD management has been telegraphing a strong H2 and 2022 for a while now. As such, during the Q2 earnings call, and in subsequent investor events, AMD management has guided that the Company is growing in H2 in all key segments including datacenter CPU, client CPU, GPU, and Consoles.\nAfter reviewing Q3 customer and channel developments as well as the upcoming product releases,Beyond the Hype assesses that AMD is operating at a different level than Intel and, unlike its peer, is likely to deliver a solid beat and provide for strong guidance.\nData Center Business Is Booming\nAMD’s earning highlight for Q3, by a wide margin, is likely to be its data center business.Beyond The Hypeestimates that the growth in this highly desirable segment in Q3 will be spectacular. Intel results apart, indications are that cloud service provider demand was very strong during the quarter. Intel’s weakness with cloud SPs seems to be stemming mainly from AMD taking market share, especially with large core devices where Intel has no good alternatives to offer. Outside of cloud service providers, AMD management has guided for, and reiterated, strong corporate demand in Q3 – strong corporate demand has also been validated by Intel, Micron(NASDAQ:MU), and others during their respective earnings calls.\nIn addition to cloud SP and corporate servers, there is a powerful High-Performance Computing, or HPC, dynamic at play at AMD that most market observers have not caught on. Unbeknownst to many, AMD is now dominating the HPC design win scene and taking serious market share from Intel and Nvidia(NASDAQ:NVDA). While NVDA’s GPU and accelerators continue to do well in AI, AMD is now becoming a major threat in the HPC accelerator business. Preliminary leaks suggest that AMD’s MI200 accelerator, which is set to be announced soon, is likely to beat Nvidia alternatives in many HPC applications. Note that MI200 is not vaporware or some futuristic pie-in-the-sky product. Management has already let it be known that AMD has shipped a small volume of MI200 GPU accelerators in Q2. These were likely shipped to the Frontier supercomputer project and other similar HPC applications.\nA few next-generation Trento EPYC chips, optimized for HPC applications, are also being shipped with the MI200 GPUs to these same customers. Like MI200, Trento EPYC is unreleased, and not much is known about its performance. But that will not stop the Company from realizing revenues from this product during the quarter. Management commentary to date, as well as Frontier PR so far indicates that the system will be largely built out by the end of 2021. Furthermore, AMD will also be recognizing revenues for silicon and services into 2 more HPC systems in H2 - LUMI and Pawsey. Between these three projects, it seems reasonable to assume that AMD will record about $300M in revenues in Q3, another $300M in Q4, and another couple of hundred million in H1 2022. While these HPC volumes, especially from large supercomputers like Frontier, are lumpy, AMD will deliver strong revenues from this segment in 2021 and 2022. HPC should contribute meaningfully to AMD datacenter growth in Q3 and beyond.\nAll these items are pointing to substantial share gains for AMD in the data center CPU and GPUs fronts in Q2.Beyond The Hypeestimates that, in Q3, AMD grew data center CPU market share by at least 200 basis points and data center GPU market share by at least 300 basis points. This likely contributed to an incremental $300M to $400M or more data center demand for AMD from Q2 levels.\nRyzen X86 Laptops Continue To Ramp But Chromebooks Are A Headwind\nOne of the key drivers of AMD’s growth during H1 was the company’s Ryzen laptop product line. Management has claimed that its new 5000 series products have garnered 150+ designs which are expected to ramp throughout the year. Management guidance suggests that laptops will continue to ramp in Q3. Checks show companies such as Lenovo continuing to introduce new products steadily. On the flip side, Chromebook sales have plummeted in the quarter. Although Intel has much of the Chromebook business, it is reasonable to expect that AMD too would have seen some softness on this front during the quarter. The high-end Ryzen laptop ramp may be offset somewhat by the slowdown in Chromebooks, and it is possible that there may not be significant revenue upside on the laptop revenue front in Q3.\nNevertheless,Beyond The Hype predicts that AMD gained at least 400 basis point market share in the laptop CPU segment in Q3.\nGPU Sales Up Strongly In Q3\nAfter several quarters of having severe constraints on GPU supply, AMD was able to ship a decent volume of existing and new GPUs in the quarter. At the end of the quarter, in addition to increasing gaming laptops, channel checks suggested that several of Radeon 6000 series GPUs were available in the retail channel. The 6600 series, catering to low-end gaming, was also launched in the quarter and has been outselling other GPUs at key retailers. Although these were priced well over MSRP, even having stock in the channel is a refreshing change from prior quarters.\nIt appears likely that AMD shipped $100M to $200M, or more, of additional GPU products in Q3 compared to Q2. The upside here could be substantial – limited only by AMD’s supply chain.\nConsole Business Picking Up\nIt is well known that AMD supplies gaming console chips to two of the largest console customers – Sony(NYSE:SONY)and Microsoft(NASDAQ:MSFT). The second half of the year is seasonally strong for consoles and indications are that both Sony and Microsoft have seen an uptick in console sales in Q3. Furthermore, AMD is also designed into the upcoming portable Steam Deck console. Strong demand from existing customers as well as ramp-up of the new Steam Deck console suggests that AMD could have about $50M of console upside during Q3 compared to Q2 levels.\nTying It All Up\nBased on how the quarter has proceeded, it is exceedingly likely that AMD will ship $300M-$400M incremental EPYC revenues in enterprise and datacenter, $100M to $200M incremental revenues in GPUs, and about $50M incremental console sales between the new Steam Deck console, and existing PS5 and Xbox consoles. In other words, AMD could potentially ship between $450M to $650M in incremental revenues compared to Q2.\nOn a $3.85B Q2 baseline, this suggests revenue potential between $4.3B to $4.5B in revenues as opposed to $4.1B in guidance. As such, it is possible that AMD had much more demand, and ship more, especially on the data center CPU and client GPU fronts. The challenge for AMD is not product demand but if AMD has the supply to meet the demand.\nA nice revenue beat is only half the story. The other half of the story is gross margins. Keen readers may have noticed that much of the incremental Q3 revenue discussed above comes with juicy margins. AMD’s margins on EPYC and MI200 GPU are much higher than the corporate average. Thanks to insatiable crypto demand and elevated GPU prices, GPU margins are also likely to be healthy. Considering the mix involved, Q3 gross margin is likely to be at least 100 basis points above guidance.\nGuidance For 2022 And Beyond\nAs strong as Q3 likely was, AMD’s strong product offerings for servers, clients, and consoles mean that AMD is likely to continue to grow rapidly – especially in the data center where its products are most advantaged. This will drive strong revenues and strengthen margins for the foreseeable future. Note also that the Xilinx(NASDAQ:XLNX)acquisition is expected to close before the end of the year and all future estimates will have to include Xilinx contributions. And Xilinx’s average margins are much higher than AMD’s and could push up AMD’s combined gross margin by a few hundred basis points. Thanks to organic margin growth and a kicker from Xilinx, AMD should comfortably deliver 50%+ gross margins in 2022. As such, in 2022, it is highly likely that AMD’s gross margins will surpass Intel’s gross margins. If Xilinx acquisition closes before the end of the month, it is possible that AMD’s gross margin could cross Intel’s gross margin in Q4 itself.\nIn summary, AMD is set to deliver a strong beat and raise. AMD is in a period of explosive revenue and gross margin growth, and the Company’s valuation should continue to expand meaningfully going forward.\nAn earlier, more expansive, version of this article was published to Beyond The Hype subscribers on September 13th when AMD stock was trading below $105.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":2593,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":812008161,"gmtCreate":1630539771253,"gmtModify":1632474183590,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"Buy SoFi and hold long term to be rewarded.","listText":"Buy SoFi and hold long term to be rewarded.","text":"Buy SoFi and hold long term to be rewarded.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/812008161","repostId":"2163859252","repostType":2,"isVote":1,"tweetType":1,"viewCount":2838,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810050690,"gmtCreate":1629936070610,"gmtModify":1633681385387,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"These are good tickers to buy and hold, just haveto be patient. [Grin]&nbsp;","listText":"These are good tickers to buy and hold, just haveto be patient. [Grin]&nbsp;","text":"These are good tickers to buy and hold, just haveto be patient. [Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/810050690","repostId":"1147590416","repostType":2,"isVote":1,"tweetType":1,"viewCount":2657,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":824527382,"gmtCreate":1634341170291,"gmtModify":1634341171541,"author":{"id":"3585873168332779","authorId":"3585873168332779","name":"ilovekirby","avatar":"https://static.tigerbbs.com/150e39396270b3385fcaa9d5b241a4e1","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585873168332779","authorIdStr":"3585873168332779"},"themes":[],"htmlText":"Really? Ok","listText":"Really? Ok","text":"Really? Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/824527382","repostId":"2175125261","repostType":4,"isVote":1,"tweetType":1,"viewCount":2697,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}