S土豪熊貓G的个人主页 - 老虎社区

S土豪熊貓G

S土豪熊貓G

Money On the Table- Grab & Run

IP属地：未知

608关注

1402粉丝

0主题

0勋章

2022-11-22

Tiger

Nvidia: It May Get Worse Before It Gets Better<blockquote>英伟达：在好转之前可能会变得更糟</blockquote>

2022-11-22

Tiger

Nvidia: It May Get Worse Before It Gets Better<blockquote>英伟达：在好转之前可能会变得更糟</blockquote>

2022-10-17

Wow

Bank of America Tops Estimates on Better-Than-Expected Bond Trading, Higher Interest Rates<blockquote>美国银行债券交易好于预期、利率上升超出预期</blockquote>

2022-10-17

Wow

Bank of America Tops Estimates on Better-Than-Expected Bond Trading, Higher Interest Rates<blockquote>美国银行债券交易好于预期、利率上升超出预期</blockquote>

2022-10-17

Tiger

Bank of New York Mellon Non-GAAP EPS of $1.21 Beats By $0.13, Revenue of $4.28B Beats By $80M<blockquote>纽约梅隆银行非GAAP每股收益为1.21美元超过预期为0.13美元，收入为4.28 B美元超过预期为8000万美元</blockquote>

2022-10-15

Long,

抱歉，原内容已删除

2022-08-15

Tiger long

抱歉，原内容已删除

2022-08-09

Tiger long live

Nvidia: Execution Issues Surfacing Again With Its Downcast Q2 Guidance<blockquote>英伟达：第二季度指引下调，执行问题再次浮出水面</blockquote>

2022-08-09

Tiger long!

Nvidia: Execution Issues Surfacing Again With Its Downcast Q2 Guidance<blockquote>英伟达：第二季度指引下调，执行问题再次浮出水面</blockquote>

2022-07-26

$20soon

2021-12-18

Buy Long? Any comments?

1 Unstoppable Stock to Buy Before 2022<blockquote>2022年之前值得购买的1只势不可挡的股票</blockquote>

2021-12-17

Fools again

抱歉，原内容已删除

2021-12-16

Lucid buy along! Will not regret.

EV stocks soared in premarket trading, with Canoe jumping over 5%,and Rivian,Tesla,Lucid,Xpeng jumping over 2%<blockquote>电动汽车股盘前交易飙升，Canoe涨超5%，Rivian、特斯拉、Lucid、小鹏汽车涨超2%</blockquote>

2021-12-16

Elon Musk plot?

Tesla Bags Top-Rated EV Badge From Edmunds, Rivian Gets Editor's Choice Crown<blockquote>特斯拉获得埃德蒙兹顶级电动汽车徽章，Rivian获得编辑选择桂冠</blockquote>

2021-12-15

Cut losses?

Cathie Wood's Ark Has Nearly Exited Its Boeing Position<blockquote>凯西·伍德(Cathie Wood)的方舟几乎退出了波音公司的地位</blockquote>

2021-12-13

Always Apple, Always Healthy

Apple rose 1% in premarket trading,with its market value reaching nearly 3 trillion dollars<blockquote>苹果盘前涨1%市值近3万亿美元</blockquote>

2021-12-12

Beware!

抱歉，原内容已删除

2021-12-11

There goes alibaba empty handed. 40 Thieves snatch it!

抱歉，原内容已删除

2021-12-10

Buy!

Some vaccine stocks dropped in premarket trading<blockquote>部分疫苗股在盘前交易中下跌</blockquote>

2021-12-09

So many mene stocks?

Meme stocks jumped in morning trading<blockquote>模因股票早盘上涨</blockquote>

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3578811676095048","uuid":"3578811676095048","gmtCreate":1615717652210,"gmtModify":1621471388806,"name":"S土豪熊貓G","pinyin":"sthx貓gstuhaoxiong貓g","introduction":"","introductionEn":"","signature":"Money On the Table- Grab & Run","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":1402,"headSize":608,"tweetSize":420,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":3,"name":"书生虎","nameTw":"書生虎","represent":"努力向上","factor":"发布10条非转发主帖,其中5条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-2","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"资深虎友","description":"加入老虎社区1000天","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.10","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"228c86a078844d74991fff2b7ab2428d-3","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资合伙人虎","description":"证券账户累计交易金额达到100万美元","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.23","exceedPercentage":"93.03%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"35ec162348d5460f88c959321e554969-3","templateUuid":"35ec162348d5460f88c959321e554969","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.85%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":12,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":667732793,"gmtCreate":1669126918512,"gmtModify":1669126920524,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Tiger","listText":"Tiger","text":"Tiger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/667732793","repostId":"1182336458","repostType":4,"repost":{"id":"1182336458","kind":"news","pubTimestamp":1669123871,"share":"https://www.laohu8.com/m/news/1182336458?lang=zh_CN&edition=full","pubTime":"2022-11-22 21:31","market":"us","language":"en","title":"Nvidia: It May Get Worse Before It Gets Better<blockquote>英伟达：在好转之前可能会变得更糟</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1182336458","media":"Seeking Alpha","summary":"SummaryThe PC market can be expected to remain weak in the short term.This will likely affect Nvidia","content":"<p><html><head></head><body><h2>Summary</h2><ul><li>The PC market can be expected to remain weak in the short term.</li><li>This will likely affect Nvidia’s Gaming business negatively.</li><li>Nvidia’s FQ4’23 outlook is not great.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d020e08bf3cf0cb864b05732bdbe77f1\" tg-width=\"1080\" tg-height=\"720\" width=\"100%\" height=\"auto\"/><span>Justin Sullivan</span></p><p><blockquote><html><head></head><body><h2>总结</h2><ul><li>可以预计，短期内PC市场仍将保持弱势。</li><li>这可能会对英伟达的游戏业务产生负面影响。</li><li>Nvidia的23年第四季度前景并不好。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文</span></p></body></html></blockquote></p><p>Nvidia&#39;s (NASDAQ:NVDA) top line growth expectedly turned negative in the third fiscal quarter of FY 2023 due to a massive decline in the company’s Gaming business. Although Nvidia managed to beat top line expectations, the chip maker islikely to see more pressure on its top line in the coming quarters as demand for consumer electronics products can be expected to remain weak. While I like Nvidia’s product portfolio and especially the momentum in the Data Center business, I believe the stock is going to re-test its lows!</p><p><blockquote>由于该公司游戏业务大幅下滑，英伟达（纳斯达克股票代码：NVDA）的营收增长预计将在2023财年第三财季转为负值。尽管英伟达成功超出了营收预期，但由于消费电子产品的需求预计将保持疲软，这家芯片制造商在未来几个季度的营收可能会面临更大压力。虽然我喜欢英伟达的产品组合，尤其是数据中心业务的势头，但我相信该股将重新测试其低点！</blockquote></p><p><h2>Nvidia beats low FQ3’23 revenue estimates</h2>Nvidia issued a depressing revenue forecast for FQ3’23 (the quarter that ended on October 30, 2022) in August which called for revenues of $5.90B, plus or minus $118M. Last week, Nvidia reported revenues of $5.93B for FQ3’23 which was better than the low-end of the forecast and better than the average prediction of $5.81B. Nvidia missed on earnings, however.</p><p><blockquote><h2>Nvidia超出23年第三季度收入预期</h2>Nvidia在8月份发布了令人沮丧的23年第三季度（截至2022年10月30日的季度）收入预测，预计收入为$5.90 B，正负1.18亿美元。上周，Nvidia报告23年第3季度收入为$5.93 B，好于预测的下限，也好于$5.81 B的平均预测。然而，英伟达的盈利表现不佳。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/99a0088c029410f975154573bfb21d27\" tg-width=\"640\" tg-height=\"231\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha: Nvidia FQ3&#39;23 Results</span></p><p><blockquote><p class=\"t-img-caption\"><span>寻求Alpha：NVIDIA 23年第三季度业绩</span></p></blockquote></p><p><h2>Gaming struggled, Data Centers Gained</h2>Nvidia generated total revenues of $5.93B in FQ3&#39;23, showing a decline of 17% year over year, largely because the Gaming business continued to struggle. After seeing a 44% quarter over quarter top line drop in the previous quarter, Nvidia’s Gaming segment reported another 23% sequential decline in revenues due to weakening consumer demand, high inventory levels in the industry and pressure on selling prices.</p><p><blockquote><h2>游戏陷入困境，数据中心受益</h2>Nvidia在23年第3季度的总收入为$5.93 B，同比下降17%，主要是因为游戏业务继续陷入困境。继上一季度营收环比下降44%后，由于消费者需求疲软、行业库存水平高以及销售价格压力，英伟达游戏部门的收入又环比下降23%。</blockquote></p><p>The Gaming segment generated $1.57B in revenues in FQ3’23, showing a decline of 51% year over year and the lowest total revenue amount in years. Part of the problem for Nvidia are high inventory levels in the PC industry, which negatively affects product pricing.</p><p><blockquote>游戏部门在23年第3季度创造了$1.57 B的收入，同比下降51%，总收入金额为多年来最低。英伟达面临的部分问题是PC行业的高库存水平，这对产品定价产生了负面影响。</blockquote></p><p>Gaming was the largest revenue contributing segment for Nvidia in the year-earlier period and it exceeded the Data Center business by a considerable margin. Nvidia generated $3.2B in Gaming revenues in FQ3’22 (the year-earlier quarter) due to strong GPU demand from gamers compared to $2.9B in Data Centers. In FQ3’23, Nvidia’s Data Center business generated $3.8B in revenues, more than 2.4 times as much as the Gaming business brought in.</p><p><blockquote>游戏是Nvidia去年同期最大的收入贡献领域，并且大幅超过了数据中心业务。由于游戏玩家对GPU的强劲需求，Nvidia在22年第3季度（去年同期）的游戏收入为3.2 B美元，而数据中心的收入为2.9 B美元。23年第三季度，Nvidia的数据中心业务创造了$3.8 B的收入，是游戏业务收入的2.4倍多。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f80ec6c0c2d29a5ef8bb9ff945a0bacd\" tg-width=\"640\" tg-height=\"301\" width=\"100%\" height=\"auto\"/><span>Nvidia: Revenue Trend</span></p><p><blockquote><p class=\"t-img-caption\"><span>英伟达：收入趋势</span></p></blockquote></p><p>The Data Center business kept performing very well for Nvidia and it remains a bright spot for the chip maker going forward. Data Center revenues soared 31% year over year to $3.83B due to strong adoption of Nvidia’s server solutions by corporate clients. Nvidia also secured a big win in November by entering into a multi-year agreement with software company Microsoft (MSFT) to build a new supercomputer. Microsoft’s Azure will be the “first public cloud to incorporate NVIDIA’s advanced AI stack” which would further enhance Nvidia’s position as a leader of full stack artificial intelligence applications.</p><p><blockquote>英伟达的数据中心业务一直表现良好，并且仍然是这家芯片制造商未来的亮点。由于企业客户大力采用Nvidia的服务器解决方案，数据中心收入同比飙升31%至$3.83 B。Nvidia还在11月与软件公司微软(MSFT)签订了一项多年协议，建造一台新的超级计算机，从而取得了重大胜利。微软的Azure将成为“第一个纳入英伟达先进人工智能堆栈的公共云”，这将进一步增强英伟达作为全栈人工智能应用领导者的地位。</blockquote></p><p><h2>The PC market decline is in a cyclical decline and it is a problem for Nvidia</h2>The GPU demand surge in FY 2021 resulted in record prices for graphic cards which helped Nvidia report record financial results as well. However, the PC market has seen a significant slowdown this year and it is driving a normalization in Nvidia’s Gaming business. Consumers upgraded their PC equipment during the pandemic to prepare for remote working and studying, but now demand for new PC shipments is dropping off sharply.</p><p><blockquote><h2>PC市场下滑是周期性下滑，这是英伟达的问题</h2>2021财年GPU需求激增导致显卡价格创纪录，这也帮助Nvidia报告了创纪录的财务业绩。然而，PC市场今年明显放缓，这正在推动英伟达游戏业务的正常化。消费者在疫情期间升级了他们的PC设备，为远程工作和学习做准备，但现在对新PC出货量的需求正在急剧下降。</blockquote></p><p>Consulting firm Gartner recently estimated that global shipments of PCs declined 19.5% in the third-quarter which marked an acceleration of the market’s decline: in the second-quarter, Gartner calculated a decline in global PC shipments of 12.6%. Intel also heavily down-graded its forecast for the last quarter of the year due to the forcefulness of the down-turn, indicating that the market has not yet bottomed… and this means that Nvidia’s top line will continue to be at risk in the next two or three quarters.</p><p><blockquote>咨询公司Gartner最近估计，第三季度全球个人电脑出货量下降了19.5%，这标志着市场下滑的加速：第二季度，Gartner计算出全球个人电脑出货量下降了12.6%。由于下滑势头强劲，英特尔还大幅下调了对今年最后一个季度的预测，表明市场尚未触底……而这意味着英伟达的营收将在未来两到三个季度继续面临风险。</blockquote></p><p><h2>Nvidia’s outlook for FQ4’23</h2>The outlook for the current fiscal quarter is not great either. The chip maker said it sees revenues of $6.0B, plus or minus 2% while its non-GAAP gross margin is expected to be 66%, plus or minus 50 basis points. Based off of Nvidia&#39;s guidance, the chip maker could actually see a quarter over quarter increase of up to 3%.</p><p><blockquote><h2>Nvidia对23年第4季度的展望</h2>当前财季的前景也不乐观。该芯片制造商表示，预计收入为$6.0 B，正负2%，而非GAAP毛利率预计为66%，正负50个基点。根据Nvidia的指导，这家芯片制造商实际上可能会出现高达3%的环比增长。</blockquote></p><p></p><p><h2>Nvidia’s valuation</h2>Nvidia’s revenue estimates for this year and next year have started to drop sharply after the chip maker issued a profit warning last quarter. The expectation is now for 0% revenue growth this year and only 12% in the following year.</p><p><blockquote><h2>英伟达的估值</h2>在芯片制造商英伟达上季度发布盈利预警后，该公司今年和明年的收入预期开始大幅下降。目前预计今年收入增长0%，明年仅增长12%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/92afef56d4a5d231562911c35f3785f9\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p>I prefer AMD (AMD) over Nvidia right now due to AMD’s strong execution in the server market, strong product line-up with its new EPYC processors hitting the market soon and a more compelling valuation relative to Nvidia. AMD&#39;s valuation is much more attractive than Nvidia&#39;s based off of P/S and P/E...</p><p><blockquote>目前，我更喜欢AMD(AMD)而不是Nvidia，因为AMD在服务器市场的强大执行力、强大的产品阵容（其新的EPYC处理器即将上市）以及相对于Nvidia更具吸引力的估值。基于市盈率和市盈率，AMD的估值比英伟达更具吸引力……</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb7f075ba7a2fcb661488f1be7a04de4\" tg-width=\"635\" tg-height=\"481\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p><h2>Risks with Nvidia</h2>The most obvious commercial risk for Nvidia is a continual slowdown in the Gaming business which has already been responsible for driving a painful revaluation of Nvidia’s shares to the down-side this year. Should the PC market continue to decelerate, then chip makers will continue to be faced with weakening demand in their consumer-facing businesses. A down-trend in estimates also poses a risk for companies like Nvidia.</p><p><blockquote><h2>Nvidia的风险</h2>英伟达最明显的商业风险是游戏业务的持续放缓，这已经导致英伟达股价今年痛苦地重估下跌。如果个人电脑市场继续减速，那么芯片制造商将继续面临面向消费者的业务需求疲软的问题。预估的下降趋势也给英伟达等公司带来了风险。</blockquote></p><p><h2>Final thoughts</h2>Nvidia’s FQ3’23 results were expectedly not great and the outlook for FQ4’23 could have been worse. But that doesn’t mean that Nvidia is a buy. I believe the PC market will likely remain weak for the foreseeable future as the downturn accelerated in the third-quarter and high inventory levels continue to pose a risk to product pricing. While I like Nvidia’s product portfolio, momentum in Data Centers and recently announced collaboration with Microsoft, I believe shares of Nvidia are going to re-test their lows around $108 in the coming months. Weakening sector fundamentals and a light outlook for FQ4’23 strongly indicate that things could get worse for Nvidia before they get better!</p><p><blockquote><h2>最后的想法</h2>Nvidia 23年第3季度的业绩预计不会很好，23年第4季度的前景可能会更糟。但这并不意味着英伟达值得买入。我认为，在可预见的未来，个人电脑市场可能会保持疲软，因为第三季度经济下滑加速，高库存水平继续对产品定价构成风险。虽然我喜欢Nvidia的产品组合、数据中心的势头以及最近宣布的与微软的合作，但我相信Nvidia的股价将在未来几个月重新测试108美元左右的低点。行业基本面的疲软和23年第四季度的光明前景强烈表明，Nvidia的情况在好转之前可能会变得更糟！</blockquote></p><p></body></html></p><p><blockquote></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>Nvidia: It May Get Worse Before It Gets Better<blockquote>英伟达：在好转之前可能会变得更糟</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia: It May Get Worse Before It Gets Better<blockquote>英伟达：在好转之前可能会变得更糟</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\">2022-11-22 21:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><h2>Summary</h2><ul><li>The PC market can be expected to remain weak in the short term.</li><li>This will likely affect Nvidia’s Gaming business negatively.</li><li>Nvidia’s FQ4’23 outlook is not great.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d020e08bf3cf0cb864b05732bdbe77f1\" tg-width=\"1080\" tg-height=\"720\" width=\"100%\" height=\"auto\"/><span>Justin Sullivan</span></p><p><blockquote><html><head></head><body><h2>总结</h2><ul><li>可以预计，短期内PC市场仍将保持弱势。</li><li>这可能会对英伟达的游戏业务产生负面影响。</li><li>Nvidia的23年第四季度前景并不好。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文</span></p></body></html></blockquote></p><p>Nvidia&#39;s (NASDAQ:NVDA) top line growth expectedly turned negative in the third fiscal quarter of FY 2023 due to a massive decline in the company’s Gaming business. Although Nvidia managed to beat top line expectations, the chip maker islikely to see more pressure on its top line in the coming quarters as demand for consumer electronics products can be expected to remain weak. While I like Nvidia’s product portfolio and especially the momentum in the Data Center business, I believe the stock is going to re-test its lows!</p><p><blockquote>由于该公司游戏业务大幅下滑，英伟达（纳斯达克股票代码：NVDA）的营收增长预计将在2023财年第三财季转为负值。尽管英伟达成功超出了营收预期，但由于消费电子产品的需求预计将保持疲软，这家芯片制造商在未来几个季度的营收可能会面临更大压力。虽然我喜欢英伟达的产品组合，尤其是数据中心业务的势头，但我相信该股将重新测试其低点！</blockquote></p><p><h2>Nvidia beats low FQ3’23 revenue estimates</h2>Nvidia issued a depressing revenue forecast for FQ3’23 (the quarter that ended on October 30, 2022) in August which called for revenues of $5.90B, plus or minus $118M. Last week, Nvidia reported revenues of $5.93B for FQ3’23 which was better than the low-end of the forecast and better than the average prediction of $5.81B. Nvidia missed on earnings, however.</p><p><blockquote><h2>Nvidia超出23年第三季度收入预期</h2>Nvidia在8月份发布了令人沮丧的23年第三季度（截至2022年10月30日的季度）收入预测，预计收入为$5.90 B，正负1.18亿美元。上周，Nvidia报告23年第3季度收入为$5.93 B，好于预测的下限，也好于$5.81 B的平均预测。然而，英伟达的盈利表现不佳。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/99a0088c029410f975154573bfb21d27\" tg-width=\"640\" tg-height=\"231\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha: Nvidia FQ3&#39;23 Results</span></p><p><blockquote><p class=\"t-img-caption\"><span>寻求Alpha：NVIDIA 23年第三季度业绩</span></p></blockquote></p><p><h2>Gaming struggled, Data Centers Gained</h2>Nvidia generated total revenues of $5.93B in FQ3&#39;23, showing a decline of 17% year over year, largely because the Gaming business continued to struggle. After seeing a 44% quarter over quarter top line drop in the previous quarter, Nvidia’s Gaming segment reported another 23% sequential decline in revenues due to weakening consumer demand, high inventory levels in the industry and pressure on selling prices.</p><p><blockquote><h2>游戏陷入困境，数据中心受益</h2>Nvidia在23年第3季度的总收入为$5.93 B，同比下降17%，主要是因为游戏业务继续陷入困境。继上一季度营收环比下降44%后，由于消费者需求疲软、行业库存水平高以及销售价格压力，英伟达游戏部门的收入又环比下降23%。</blockquote></p><p>The Gaming segment generated $1.57B in revenues in FQ3’23, showing a decline of 51% year over year and the lowest total revenue amount in years. Part of the problem for Nvidia are high inventory levels in the PC industry, which negatively affects product pricing.</p><p><blockquote>游戏部门在23年第3季度创造了$1.57 B的收入，同比下降51%，总收入金额为多年来最低。英伟达面临的部分问题是PC行业的高库存水平，这对产品定价产生了负面影响。</blockquote></p><p>Gaming was the largest revenue contributing segment for Nvidia in the year-earlier period and it exceeded the Data Center business by a considerable margin. Nvidia generated $3.2B in Gaming revenues in FQ3’22 (the year-earlier quarter) due to strong GPU demand from gamers compared to $2.9B in Data Centers. In FQ3’23, Nvidia’s Data Center business generated $3.8B in revenues, more than 2.4 times as much as the Gaming business brought in.</p><p><blockquote>游戏是Nvidia去年同期最大的收入贡献领域，并且大幅超过了数据中心业务。由于游戏玩家对GPU的强劲需求，Nvidia在22年第3季度（去年同期）的游戏收入为3.2 B美元，而数据中心的收入为2.9 B美元。23年第三季度，Nvidia的数据中心业务创造了$3.8 B的收入，是游戏业务收入的2.4倍多。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f80ec6c0c2d29a5ef8bb9ff945a0bacd\" tg-width=\"640\" tg-height=\"301\" width=\"100%\" height=\"auto\"/><span>Nvidia: Revenue Trend</span></p><p><blockquote><p class=\"t-img-caption\"><span>英伟达：收入趋势</span></p></blockquote></p><p>The Data Center business kept performing very well for Nvidia and it remains a bright spot for the chip maker going forward. Data Center revenues soared 31% year over year to $3.83B due to strong adoption of Nvidia’s server solutions by corporate clients. Nvidia also secured a big win in November by entering into a multi-year agreement with software company Microsoft (MSFT) to build a new supercomputer. Microsoft’s Azure will be the “first public cloud to incorporate NVIDIA’s advanced AI stack” which would further enhance Nvidia’s position as a leader of full stack artificial intelligence applications.</p><p><blockquote>英伟达的数据中心业务一直表现良好，并且仍然是这家芯片制造商未来的亮点。由于企业客户大力采用Nvidia的服务器解决方案，数据中心收入同比飙升31%至$3.83 B。Nvidia还在11月与软件公司微软(MSFT)签订了一项多年协议，建造一台新的超级计算机，从而取得了重大胜利。微软的Azure将成为“第一个纳入英伟达先进人工智能堆栈的公共云”，这将进一步增强英伟达作为全栈人工智能应用领导者的地位。</blockquote></p><p><h2>The PC market decline is in a cyclical decline and it is a problem for Nvidia</h2>The GPU demand surge in FY 2021 resulted in record prices for graphic cards which helped Nvidia report record financial results as well. However, the PC market has seen a significant slowdown this year and it is driving a normalization in Nvidia’s Gaming business. Consumers upgraded their PC equipment during the pandemic to prepare for remote working and studying, but now demand for new PC shipments is dropping off sharply.</p><p><blockquote><h2>PC市场下滑是周期性下滑，这是英伟达的问题</h2>2021财年GPU需求激增导致显卡价格创纪录，这也帮助Nvidia报告了创纪录的财务业绩。然而，PC市场今年明显放缓，这正在推动英伟达游戏业务的正常化。消费者在疫情期间升级了他们的PC设备，为远程工作和学习做准备，但现在对新PC出货量的需求正在急剧下降。</blockquote></p><p>Consulting firm Gartner recently estimated that global shipments of PCs declined 19.5% in the third-quarter which marked an acceleration of the market’s decline: in the second-quarter, Gartner calculated a decline in global PC shipments of 12.6%. Intel also heavily down-graded its forecast for the last quarter of the year due to the forcefulness of the down-turn, indicating that the market has not yet bottomed… and this means that Nvidia’s top line will continue to be at risk in the next two or three quarters.</p><p><blockquote>咨询公司Gartner最近估计，第三季度全球个人电脑出货量下降了19.5%，这标志着市场下滑的加速：第二季度，Gartner计算出全球个人电脑出货量下降了12.6%。由于下滑势头强劲，英特尔还大幅下调了对今年最后一个季度的预测，表明市场尚未触底……而这意味着英伟达的营收将在未来两到三个季度继续面临风险。</blockquote></p><p><h2>Nvidia’s outlook for FQ4’23</h2>The outlook for the current fiscal quarter is not great either. The chip maker said it sees revenues of $6.0B, plus or minus 2% while its non-GAAP gross margin is expected to be 66%, plus or minus 50 basis points. Based off of Nvidia&#39;s guidance, the chip maker could actually see a quarter over quarter increase of up to 3%.</p><p><blockquote><h2>Nvidia对23年第4季度的展望</h2>当前财季的前景也不乐观。该芯片制造商表示，预计收入为$6.0 B，正负2%，而非GAAP毛利率预计为66%，正负50个基点。根据Nvidia的指导，这家芯片制造商实际上可能会出现高达3%的环比增长。</blockquote></p><p></p><p><h2>Nvidia’s valuation</h2>Nvidia’s revenue estimates for this year and next year have started to drop sharply after the chip maker issued a profit warning last quarter. The expectation is now for 0% revenue growth this year and only 12% in the following year.</p><p><blockquote><h2>英伟达的估值</h2>在芯片制造商英伟达上季度发布盈利预警后，该公司今年和明年的收入预期开始大幅下降。目前预计今年收入增长0%，明年仅增长12%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/92afef56d4a5d231562911c35f3785f9\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p>I prefer AMD (AMD) over Nvidia right now due to AMD’s strong execution in the server market, strong product line-up with its new EPYC processors hitting the market soon and a more compelling valuation relative to Nvidia. AMD&#39;s valuation is much more attractive than Nvidia&#39;s based off of P/S and P/E...</p><p><blockquote>目前，我更喜欢AMD(AMD)而不是Nvidia，因为AMD在服务器市场的强大执行力、强大的产品阵容（其新的EPYC处理器即将上市）以及相对于Nvidia更具吸引力的估值。基于市盈率和市盈率，AMD的估值比英伟达更具吸引力……</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb7f075ba7a2fcb661488f1be7a04de4\" tg-width=\"635\" tg-height=\"481\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p><h2>Risks with Nvidia</h2>The most obvious commercial risk for Nvidia is a continual slowdown in the Gaming business which has already been responsible for driving a painful revaluation of Nvidia’s shares to the down-side this year. Should the PC market continue to decelerate, then chip makers will continue to be faced with weakening demand in their consumer-facing businesses. A down-trend in estimates also poses a risk for companies like Nvidia.</p><p><blockquote><h2>Nvidia的风险</h2>英伟达最明显的商业风险是游戏业务的持续放缓，这已经导致英伟达股价今年痛苦地重估下跌。如果个人电脑市场继续减速，那么芯片制造商将继续面临面向消费者的业务需求疲软的问题。预估的下降趋势也给英伟达等公司带来了风险。</blockquote></p><p><h2>Final thoughts</h2>Nvidia’s FQ3’23 results were expectedly not great and the outlook for FQ4’23 could have been worse. But that doesn’t mean that Nvidia is a buy. I believe the PC market will likely remain weak for the foreseeable future as the downturn accelerated in the third-quarter and high inventory levels continue to pose a risk to product pricing. While I like Nvidia’s product portfolio, momentum in Data Centers and recently announced collaboration with Microsoft, I believe shares of Nvidia are going to re-test their lows around $108 in the coming months. Weakening sector fundamentals and a light outlook for FQ4’23 strongly indicate that things could get worse for Nvidia before they get better!</p><p><blockquote><h2>最后的想法</h2>Nvidia 23年第3季度的业绩预计不会很好，23年第4季度的前景可能会更糟。但这并不意味着英伟达值得买入。我认为，在可预见的未来，个人电脑市场可能会保持疲软，因为第三季度经济下滑加速，高库存水平继续对产品定价构成风险。虽然我喜欢Nvidia的产品组合、数据中心的势头以及最近宣布的与微软的合作，但我相信Nvidia的股价将在未来几个月重新测试108美元左右的低点。行业基本面的疲软和23年第四季度的光明前景强烈表明，Nvidia的情况在好转之前可能会变得更糟！</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4559700-nvidia-may-get-worse-before-it-gets-better\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4559700-nvidia-may-get-worse-before-it-gets-better","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182336458","content_text":"SummaryThe PC market can be expected to remain weak in the short term.This will likely affect Nvidia’s Gaming business negatively.Nvidia’s FQ4’23 outlook is not great.Justin SullivanNvidia's (NASDAQ:NVDA) top line growth expectedly turned negative in the third fiscal quarter of FY 2023 due to a massive decline in the company’s Gaming business. Although Nvidia managed to beat top line expectations, the chip maker islikely to see more pressure on its top line in the coming quarters as demand for consumer electronics products can be expected to remain weak. While I like Nvidia’s product portfolio and especially the momentum in the Data Center business, I believe the stock is going to re-test its lows!Nvidia beats low FQ3’23 revenue estimatesNvidia issued a depressing revenue forecast for FQ3’23 (the quarter that ended on October 30, 2022) in August which called for revenues of $5.90B, plus or minus $118M. Last week, Nvidia reported revenues of $5.93B for FQ3’23 which was better than the low-end of the forecast and better than the average prediction of $5.81B. Nvidia missed on earnings, however.Seeking Alpha: Nvidia FQ3'23 ResultsGaming struggled, Data Centers GainedNvidia generated total revenues of $5.93B in FQ3'23, showing a decline of 17% year over year, largely because the Gaming business continued to struggle. After seeing a 44% quarter over quarter top line drop in the previous quarter, Nvidia’s Gaming segment reported another 23% sequential decline in revenues due to weakening consumer demand, high inventory levels in the industry and pressure on selling prices.The Gaming segment generated $1.57B in revenues in FQ3’23, showing a decline of 51% year over year and the lowest total revenue amount in years. Part of the problem for Nvidia are high inventory levels in the PC industry, which negatively affects product pricing.Gaming was the largest revenue contributing segment for Nvidia in the year-earlier period and it exceeded the Data Center business by a considerable margin. Nvidia generated $3.2B in Gaming revenues in FQ3’22 (the year-earlier quarter) due to strong GPU demand from gamers compared to $2.9B in Data Centers. In FQ3’23, Nvidia’s Data Center business generated $3.8B in revenues, more than 2.4 times as much as the Gaming business brought in.Nvidia: Revenue TrendThe Data Center business kept performing very well for Nvidia and it remains a bright spot for the chip maker going forward. Data Center revenues soared 31% year over year to $3.83B due to strong adoption of Nvidia’s server solutions by corporate clients. Nvidia also secured a big win in November by entering into a multi-year agreement with software company Microsoft (MSFT) to build a new supercomputer. Microsoft’s Azure will be the “first public cloud to incorporate NVIDIA’s advanced AI stack” which would further enhance Nvidia’s position as a leader of full stack artificial intelligence applications.The PC market decline is in a cyclical decline and it is a problem for NvidiaThe GPU demand surge in FY 2021 resulted in record prices for graphic cards which helped Nvidia report record financial results as well. However, the PC market has seen a significant slowdown this year and it is driving a normalization in Nvidia’s Gaming business. Consumers upgraded their PC equipment during the pandemic to prepare for remote working and studying, but now demand for new PC shipments is dropping off sharply.Consulting firm Gartner recently estimated that global shipments of PCs declined 19.5% in the third-quarter which marked an acceleration of the market’s decline: in the second-quarter, Gartner calculated a decline in global PC shipments of 12.6%. Intel also heavily down-graded its forecast for the last quarter of the year due to the forcefulness of the down-turn, indicating that the market has not yet bottomed… and this means that Nvidia’s top line will continue to be at risk in the next two or three quarters.Nvidia’s outlook for FQ4’23The outlook for the current fiscal quarter is not great either. The chip maker said it sees revenues of $6.0B, plus or minus 2% while its non-GAAP gross margin is expected to be 66%, plus or minus 50 basis points. Based off of Nvidia's guidance, the chip maker could actually see a quarter over quarter increase of up to 3%.Nvidia’s valuationNvidia’s revenue estimates for this year and next year have started to drop sharply after the chip maker issued a profit warning last quarter. The expectation is now for 0% revenue growth this year and only 12% in the following year.Data by YChartsI prefer AMD (AMD) over Nvidia right now due to AMD’s strong execution in the server market, strong product line-up with its new EPYC processors hitting the market soon and a more compelling valuation relative to Nvidia. AMD's valuation is much more attractive than Nvidia's based off of P/S and P/E...Data by YChartsRisks with NvidiaThe most obvious commercial risk for Nvidia is a continual slowdown in the Gaming business which has already been responsible for driving a painful revaluation of Nvidia’s shares to the down-side this year. Should the PC market continue to decelerate, then chip makers will continue to be faced with weakening demand in their consumer-facing businesses. A down-trend in estimates also poses a risk for companies like Nvidia.Final thoughtsNvidia’s FQ3’23 results were expectedly not great and the outlook for FQ4’23 could have been worse. But that doesn’t mean that Nvidia is a buy. I believe the PC market will likely remain weak for the foreseeable future as the downturn accelerated in the third-quarter and high inventory levels continue to pose a risk to product pricing. While I like Nvidia’s product portfolio, momentum in Data Centers and recently announced collaboration with Microsoft, I believe shares of Nvidia are going to re-test their lows around $108 in the coming months. Weakening sector fundamentals and a light outlook for FQ4’23 strongly indicate that things could get worse for Nvidia before they get better!","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":2161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":667732417,"gmtCreate":1669126905939,"gmtModify":1669126907551,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Tiger","listText":"Tiger","text":"Tiger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/667732417","repostId":"1182336458","repostType":4,"repost":{"id":"1182336458","kind":"news","pubTimestamp":1669123871,"share":"https://www.laohu8.com/m/news/1182336458?lang=zh_CN&edition=full","pubTime":"2022-11-22 21:31","market":"us","language":"en","title":"Nvidia: It May Get Worse Before It Gets Better<blockquote>英伟达：在好转之前可能会变得更糟</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1182336458","media":"Seeking Alpha","summary":"SummaryThe PC market can be expected to remain weak in the short term.This will likely affect Nvidia","content":"<p><html><head></head><body><h2>Summary</h2><ul><li>The PC market can be expected to remain weak in the short term.</li><li>This will likely affect Nvidia’s Gaming business negatively.</li><li>Nvidia’s FQ4’23 outlook is not great.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d020e08bf3cf0cb864b05732bdbe77f1\" tg-width=\"1080\" tg-height=\"720\" width=\"100%\" height=\"auto\"/><span>Justin Sullivan</span></p><p><blockquote><html><head></head><body><h2>总结</h2><ul><li>可以预计，短期内PC市场仍将保持弱势。</li><li>这可能会对英伟达的游戏业务产生负面影响。</li><li>Nvidia的23年第四季度前景并不好。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文</span></p></body></html></blockquote></p><p>Nvidia&#39;s (NASDAQ:NVDA) top line growth expectedly turned negative in the third fiscal quarter of FY 2023 due to a massive decline in the company’s Gaming business. Although Nvidia managed to beat top line expectations, the chip maker islikely to see more pressure on its top line in the coming quarters as demand for consumer electronics products can be expected to remain weak. While I like Nvidia’s product portfolio and especially the momentum in the Data Center business, I believe the stock is going to re-test its lows!</p><p><blockquote>由于该公司游戏业务大幅下滑，英伟达（纳斯达克股票代码：NVDA）的营收增长预计将在2023财年第三财季转为负值。尽管英伟达成功超出了营收预期，但由于消费电子产品的需求预计将保持疲软，这家芯片制造商在未来几个季度的营收可能会面临更大压力。虽然我喜欢英伟达的产品组合，尤其是数据中心业务的势头，但我相信该股将重新测试其低点！</blockquote></p><p><h2>Nvidia beats low FQ3’23 revenue estimates</h2>Nvidia issued a depressing revenue forecast for FQ3’23 (the quarter that ended on October 30, 2022) in August which called for revenues of $5.90B, plus or minus $118M. Last week, Nvidia reported revenues of $5.93B for FQ3’23 which was better than the low-end of the forecast and better than the average prediction of $5.81B. Nvidia missed on earnings, however.</p><p><blockquote><h2>Nvidia超出23年第三季度收入预期</h2>Nvidia在8月份发布了令人沮丧的23年第三季度（截至2022年10月30日的季度）收入预测，预计收入为$5.90 B，正负1.18亿美元。上周，Nvidia报告23年第3季度收入为$5.93 B，好于预测的下限，也好于$5.81 B的平均预测。然而，英伟达的盈利表现不佳。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/99a0088c029410f975154573bfb21d27\" tg-width=\"640\" tg-height=\"231\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha: Nvidia FQ3&#39;23 Results</span></p><p><blockquote><p class=\"t-img-caption\"><span>寻求Alpha：NVIDIA 23年第三季度业绩</span></p></blockquote></p><p><h2>Gaming struggled, Data Centers Gained</h2>Nvidia generated total revenues of $5.93B in FQ3&#39;23, showing a decline of 17% year over year, largely because the Gaming business continued to struggle. After seeing a 44% quarter over quarter top line drop in the previous quarter, Nvidia’s Gaming segment reported another 23% sequential decline in revenues due to weakening consumer demand, high inventory levels in the industry and pressure on selling prices.</p><p><blockquote><h2>游戏陷入困境，数据中心受益</h2>Nvidia在23年第3季度的总收入为$5.93 B，同比下降17%，主要是因为游戏业务继续陷入困境。继上一季度营收环比下降44%后，由于消费者需求疲软、行业库存水平高以及销售价格压力，英伟达游戏部门的收入又环比下降23%。</blockquote></p><p>The Gaming segment generated $1.57B in revenues in FQ3’23, showing a decline of 51% year over year and the lowest total revenue amount in years. Part of the problem for Nvidia are high inventory levels in the PC industry, which negatively affects product pricing.</p><p><blockquote>游戏部门在23年第3季度创造了$1.57 B的收入，同比下降51%，总收入金额为多年来最低。英伟达面临的部分问题是PC行业的高库存水平，这对产品定价产生了负面影响。</blockquote></p><p>Gaming was the largest revenue contributing segment for Nvidia in the year-earlier period and it exceeded the Data Center business by a considerable margin. Nvidia generated $3.2B in Gaming revenues in FQ3’22 (the year-earlier quarter) due to strong GPU demand from gamers compared to $2.9B in Data Centers. In FQ3’23, Nvidia’s Data Center business generated $3.8B in revenues, more than 2.4 times as much as the Gaming business brought in.</p><p><blockquote>游戏是Nvidia去年同期最大的收入贡献领域，并且大幅超过了数据中心业务。由于游戏玩家对GPU的强劲需求，Nvidia在22年第3季度（去年同期）的游戏收入为3.2 B美元，而数据中心的收入为2.9 B美元。23年第三季度，Nvidia的数据中心业务创造了$3.8 B的收入，是游戏业务收入的2.4倍多。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f80ec6c0c2d29a5ef8bb9ff945a0bacd\" tg-width=\"640\" tg-height=\"301\" width=\"100%\" height=\"auto\"/><span>Nvidia: Revenue Trend</span></p><p><blockquote><p class=\"t-img-caption\"><span>英伟达：收入趋势</span></p></blockquote></p><p>The Data Center business kept performing very well for Nvidia and it remains a bright spot for the chip maker going forward. Data Center revenues soared 31% year over year to $3.83B due to strong adoption of Nvidia’s server solutions by corporate clients. Nvidia also secured a big win in November by entering into a multi-year agreement with software company Microsoft (MSFT) to build a new supercomputer. Microsoft’s Azure will be the “first public cloud to incorporate NVIDIA’s advanced AI stack” which would further enhance Nvidia’s position as a leader of full stack artificial intelligence applications.</p><p><blockquote>英伟达的数据中心业务一直表现良好，并且仍然是这家芯片制造商未来的亮点。由于企业客户大力采用Nvidia的服务器解决方案，数据中心收入同比飙升31%至$3.83 B。Nvidia还在11月与软件公司微软(MSFT)签订了一项多年协议，建造一台新的超级计算机，从而取得了重大胜利。微软的Azure将成为“第一个纳入英伟达先进人工智能堆栈的公共云”，这将进一步增强英伟达作为全栈人工智能应用领导者的地位。</blockquote></p><p><h2>The PC market decline is in a cyclical decline and it is a problem for Nvidia</h2>The GPU demand surge in FY 2021 resulted in record prices for graphic cards which helped Nvidia report record financial results as well. However, the PC market has seen a significant slowdown this year and it is driving a normalization in Nvidia’s Gaming business. Consumers upgraded their PC equipment during the pandemic to prepare for remote working and studying, but now demand for new PC shipments is dropping off sharply.</p><p><blockquote><h2>PC市场下滑是周期性下滑，这是英伟达的问题</h2>2021财年GPU需求激增导致显卡价格创纪录，这也帮助Nvidia报告了创纪录的财务业绩。然而，PC市场今年明显放缓，这正在推动英伟达游戏业务的正常化。消费者在疫情期间升级了他们的PC设备，为远程工作和学习做准备，但现在对新PC出货量的需求正在急剧下降。</blockquote></p><p>Consulting firm Gartner recently estimated that global shipments of PCs declined 19.5% in the third-quarter which marked an acceleration of the market’s decline: in the second-quarter, Gartner calculated a decline in global PC shipments of 12.6%. Intel also heavily down-graded its forecast for the last quarter of the year due to the forcefulness of the down-turn, indicating that the market has not yet bottomed… and this means that Nvidia’s top line will continue to be at risk in the next two or three quarters.</p><p><blockquote>咨询公司Gartner最近估计，第三季度全球个人电脑出货量下降了19.5%，这标志着市场下滑的加速：第二季度，Gartner计算出全球个人电脑出货量下降了12.6%。由于下滑势头强劲，英特尔还大幅下调了对今年最后一个季度的预测，表明市场尚未触底……而这意味着英伟达的营收将在未来两到三个季度继续面临风险。</blockquote></p><p><h2>Nvidia’s outlook for FQ4’23</h2>The outlook for the current fiscal quarter is not great either. The chip maker said it sees revenues of $6.0B, plus or minus 2% while its non-GAAP gross margin is expected to be 66%, plus or minus 50 basis points. Based off of Nvidia&#39;s guidance, the chip maker could actually see a quarter over quarter increase of up to 3%.</p><p><blockquote><h2>Nvidia对23年第4季度的展望</h2>当前财季的前景也不乐观。该芯片制造商表示，预计收入为$6.0 B，正负2%，而非GAAP毛利率预计为66%，正负50个基点。根据Nvidia的指导，这家芯片制造商实际上可能会出现高达3%的环比增长。</blockquote></p><p></p><p><h2>Nvidia’s valuation</h2>Nvidia’s revenue estimates for this year and next year have started to drop sharply after the chip maker issued a profit warning last quarter. The expectation is now for 0% revenue growth this year and only 12% in the following year.</p><p><blockquote><h2>英伟达的估值</h2>在芯片制造商英伟达上季度发布盈利预警后，该公司今年和明年的收入预期开始大幅下降。目前预计今年收入增长0%，明年仅增长12%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/92afef56d4a5d231562911c35f3785f9\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p>I prefer AMD (AMD) over Nvidia right now due to AMD’s strong execution in the server market, strong product line-up with its new EPYC processors hitting the market soon and a more compelling valuation relative to Nvidia. AMD&#39;s valuation is much more attractive than Nvidia&#39;s based off of P/S and P/E...</p><p><blockquote>目前，我更喜欢AMD(AMD)而不是Nvidia，因为AMD在服务器市场的强大执行力、强大的产品阵容（其新的EPYC处理器即将上市）以及相对于Nvidia更具吸引力的估值。基于市盈率和市盈率，AMD的估值比英伟达更具吸引力……</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb7f075ba7a2fcb661488f1be7a04de4\" tg-width=\"635\" tg-height=\"481\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p><h2>Risks with Nvidia</h2>The most obvious commercial risk for Nvidia is a continual slowdown in the Gaming business which has already been responsible for driving a painful revaluation of Nvidia’s shares to the down-side this year. Should the PC market continue to decelerate, then chip makers will continue to be faced with weakening demand in their consumer-facing businesses. A down-trend in estimates also poses a risk for companies like Nvidia.</p><p><blockquote><h2>Nvidia的风险</h2>英伟达最明显的商业风险是游戏业务的持续放缓，这已经导致英伟达股价今年痛苦地重估下跌。如果个人电脑市场继续减速，那么芯片制造商将继续面临面向消费者的业务需求疲软的问题。预估的下降趋势也给英伟达等公司带来了风险。</blockquote></p><p><h2>Final thoughts</h2>Nvidia’s FQ3’23 results were expectedly not great and the outlook for FQ4’23 could have been worse. But that doesn’t mean that Nvidia is a buy. I believe the PC market will likely remain weak for the foreseeable future as the downturn accelerated in the third-quarter and high inventory levels continue to pose a risk to product pricing. While I like Nvidia’s product portfolio, momentum in Data Centers and recently announced collaboration with Microsoft, I believe shares of Nvidia are going to re-test their lows around $108 in the coming months. Weakening sector fundamentals and a light outlook for FQ4’23 strongly indicate that things could get worse for Nvidia before they get better!</p><p><blockquote><h2>最后的想法</h2>Nvidia 23年第3季度的业绩预计不会很好，23年第4季度的前景可能会更糟。但这并不意味着英伟达值得买入。我认为，在可预见的未来，个人电脑市场可能会保持疲软，因为第三季度经济下滑加速，高库存水平继续对产品定价构成风险。虽然我喜欢Nvidia的产品组合、数据中心的势头以及最近宣布的与微软的合作，但我相信Nvidia的股价将在未来几个月重新测试108美元左右的低点。行业基本面的疲软和23年第四季度的光明前景强烈表明，Nvidia的情况在好转之前可能会变得更糟！</blockquote></p><p></body></html></p><p><blockquote></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>Nvidia: It May Get Worse Before It Gets Better<blockquote>英伟达：在好转之前可能会变得更糟</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia: It May Get Worse Before It Gets Better<blockquote>英伟达：在好转之前可能会变得更糟</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\">2022-11-22 21:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><h2>Summary</h2><ul><li>The PC market can be expected to remain weak in the short term.</li><li>This will likely affect Nvidia’s Gaming business negatively.</li><li>Nvidia’s FQ4’23 outlook is not great.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d020e08bf3cf0cb864b05732bdbe77f1\" tg-width=\"1080\" tg-height=\"720\" width=\"100%\" height=\"auto\"/><span>Justin Sullivan</span></p><p><blockquote><html><head></head><body><h2>总结</h2><ul><li>可以预计，短期内PC市场仍将保持弱势。</li><li>这可能会对英伟达的游戏业务产生负面影响。</li><li>Nvidia的23年第四季度前景并不好。</li></ul><p class=\"t-img-caption\"><span>贾斯汀·沙利文</span></p></body></html></blockquote></p><p>Nvidia&#39;s (NASDAQ:NVDA) top line growth expectedly turned negative in the third fiscal quarter of FY 2023 due to a massive decline in the company’s Gaming business. Although Nvidia managed to beat top line expectations, the chip maker islikely to see more pressure on its top line in the coming quarters as demand for consumer electronics products can be expected to remain weak. While I like Nvidia’s product portfolio and especially the momentum in the Data Center business, I believe the stock is going to re-test its lows!</p><p><blockquote>由于该公司游戏业务大幅下滑，英伟达（纳斯达克股票代码：NVDA）的营收增长预计将在2023财年第三财季转为负值。尽管英伟达成功超出了营收预期，但由于消费电子产品的需求预计将保持疲软，这家芯片制造商在未来几个季度的营收可能会面临更大压力。虽然我喜欢英伟达的产品组合，尤其是数据中心业务的势头，但我相信该股将重新测试其低点！</blockquote></p><p><h2>Nvidia beats low FQ3’23 revenue estimates</h2>Nvidia issued a depressing revenue forecast for FQ3’23 (the quarter that ended on October 30, 2022) in August which called for revenues of $5.90B, plus or minus $118M. Last week, Nvidia reported revenues of $5.93B for FQ3’23 which was better than the low-end of the forecast and better than the average prediction of $5.81B. Nvidia missed on earnings, however.</p><p><blockquote><h2>Nvidia超出23年第三季度收入预期</h2>Nvidia在8月份发布了令人沮丧的23年第三季度（截至2022年10月30日的季度）收入预测，预计收入为$5.90 B，正负1.18亿美元。上周，Nvidia报告23年第3季度收入为$5.93 B，好于预测的下限，也好于$5.81 B的平均预测。然而，英伟达的盈利表现不佳。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/99a0088c029410f975154573bfb21d27\" tg-width=\"640\" tg-height=\"231\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha: Nvidia FQ3&#39;23 Results</span></p><p><blockquote><p class=\"t-img-caption\"><span>寻求Alpha：NVIDIA 23年第三季度业绩</span></p></blockquote></p><p><h2>Gaming struggled, Data Centers Gained</h2>Nvidia generated total revenues of $5.93B in FQ3&#39;23, showing a decline of 17% year over year, largely because the Gaming business continued to struggle. After seeing a 44% quarter over quarter top line drop in the previous quarter, Nvidia’s Gaming segment reported another 23% sequential decline in revenues due to weakening consumer demand, high inventory levels in the industry and pressure on selling prices.</p><p><blockquote><h2>游戏陷入困境，数据中心受益</h2>Nvidia在23年第3季度的总收入为$5.93 B，同比下降17%，主要是因为游戏业务继续陷入困境。继上一季度营收环比下降44%后，由于消费者需求疲软、行业库存水平高以及销售价格压力，英伟达游戏部门的收入又环比下降23%。</blockquote></p><p>The Gaming segment generated $1.57B in revenues in FQ3’23, showing a decline of 51% year over year and the lowest total revenue amount in years. Part of the problem for Nvidia are high inventory levels in the PC industry, which negatively affects product pricing.</p><p><blockquote>游戏部门在23年第3季度创造了$1.57 B的收入，同比下降51%，总收入金额为多年来最低。英伟达面临的部分问题是PC行业的高库存水平，这对产品定价产生了负面影响。</blockquote></p><p>Gaming was the largest revenue contributing segment for Nvidia in the year-earlier period and it exceeded the Data Center business by a considerable margin. Nvidia generated $3.2B in Gaming revenues in FQ3’22 (the year-earlier quarter) due to strong GPU demand from gamers compared to $2.9B in Data Centers. In FQ3’23, Nvidia’s Data Center business generated $3.8B in revenues, more than 2.4 times as much as the Gaming business brought in.</p><p><blockquote>游戏是Nvidia去年同期最大的收入贡献领域，并且大幅超过了数据中心业务。由于游戏玩家对GPU的强劲需求，Nvidia在22年第3季度（去年同期）的游戏收入为3.2 B美元，而数据中心的收入为2.9 B美元。23年第三季度，Nvidia的数据中心业务创造了$3.8 B的收入，是游戏业务收入的2.4倍多。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f80ec6c0c2d29a5ef8bb9ff945a0bacd\" tg-width=\"640\" tg-height=\"301\" width=\"100%\" height=\"auto\"/><span>Nvidia: Revenue Trend</span></p><p><blockquote><p class=\"t-img-caption\"><span>英伟达：收入趋势</span></p></blockquote></p><p>The Data Center business kept performing very well for Nvidia and it remains a bright spot for the chip maker going forward. Data Center revenues soared 31% year over year to $3.83B due to strong adoption of Nvidia’s server solutions by corporate clients. Nvidia also secured a big win in November by entering into a multi-year agreement with software company Microsoft (MSFT) to build a new supercomputer. Microsoft’s Azure will be the “first public cloud to incorporate NVIDIA’s advanced AI stack” which would further enhance Nvidia’s position as a leader of full stack artificial intelligence applications.</p><p><blockquote>英伟达的数据中心业务一直表现良好，并且仍然是这家芯片制造商未来的亮点。由于企业客户大力采用Nvidia的服务器解决方案，数据中心收入同比飙升31%至$3.83 B。Nvidia还在11月与软件公司微软(MSFT)签订了一项多年协议，建造一台新的超级计算机，从而取得了重大胜利。微软的Azure将成为“第一个纳入英伟达先进人工智能堆栈的公共云”，这将进一步增强英伟达作为全栈人工智能应用领导者的地位。</blockquote></p><p><h2>The PC market decline is in a cyclical decline and it is a problem for Nvidia</h2>The GPU demand surge in FY 2021 resulted in record prices for graphic cards which helped Nvidia report record financial results as well. However, the PC market has seen a significant slowdown this year and it is driving a normalization in Nvidia’s Gaming business. Consumers upgraded their PC equipment during the pandemic to prepare for remote working and studying, but now demand for new PC shipments is dropping off sharply.</p><p><blockquote><h2>PC市场下滑是周期性下滑，这是英伟达的问题</h2>2021财年GPU需求激增导致显卡价格创纪录，这也帮助Nvidia报告了创纪录的财务业绩。然而，PC市场今年明显放缓，这正在推动英伟达游戏业务的正常化。消费者在疫情期间升级了他们的PC设备，为远程工作和学习做准备，但现在对新PC出货量的需求正在急剧下降。</blockquote></p><p>Consulting firm Gartner recently estimated that global shipments of PCs declined 19.5% in the third-quarter which marked an acceleration of the market’s decline: in the second-quarter, Gartner calculated a decline in global PC shipments of 12.6%. Intel also heavily down-graded its forecast for the last quarter of the year due to the forcefulness of the down-turn, indicating that the market has not yet bottomed… and this means that Nvidia’s top line will continue to be at risk in the next two or three quarters.</p><p><blockquote>咨询公司Gartner最近估计，第三季度全球个人电脑出货量下降了19.5%，这标志着市场下滑的加速：第二季度，Gartner计算出全球个人电脑出货量下降了12.6%。由于下滑势头强劲，英特尔还大幅下调了对今年最后一个季度的预测，表明市场尚未触底……而这意味着英伟达的营收将在未来两到三个季度继续面临风险。</blockquote></p><p><h2>Nvidia’s outlook for FQ4’23</h2>The outlook for the current fiscal quarter is not great either. The chip maker said it sees revenues of $6.0B, plus or minus 2% while its non-GAAP gross margin is expected to be 66%, plus or minus 50 basis points. Based off of Nvidia&#39;s guidance, the chip maker could actually see a quarter over quarter increase of up to 3%.</p><p><blockquote><h2>Nvidia对23年第4季度的展望</h2>当前财季的前景也不乐观。该芯片制造商表示，预计收入为$6.0 B，正负2%，而非GAAP毛利率预计为66%，正负50个基点。根据Nvidia的指导，这家芯片制造商实际上可能会出现高达3%的环比增长。</blockquote></p><p></p><p><h2>Nvidia’s valuation</h2>Nvidia’s revenue estimates for this year and next year have started to drop sharply after the chip maker issued a profit warning last quarter. The expectation is now for 0% revenue growth this year and only 12% in the following year.</p><p><blockquote><h2>英伟达的估值</h2>在芯片制造商英伟达上季度发布盈利预警后，该公司今年和明年的收入预期开始大幅下降。目前预计今年收入增长0%，明年仅增长12%。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/92afef56d4a5d231562911c35f3785f9\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p>I prefer AMD (AMD) over Nvidia right now due to AMD’s strong execution in the server market, strong product line-up with its new EPYC processors hitting the market soon and a more compelling valuation relative to Nvidia. AMD&#39;s valuation is much more attractive than Nvidia&#39;s based off of P/S and P/E...</p><p><blockquote>目前，我更喜欢AMD(AMD)而不是Nvidia，因为AMD在服务器市场的强大执行力、强大的产品阵容（其新的EPYC处理器即将上市）以及相对于Nvidia更具吸引力的估值。基于市盈率和市盈率，AMD的估值比英伟达更具吸引力……</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb7f075ba7a2fcb661488f1be7a04de4\" tg-width=\"635\" tg-height=\"481\" width=\"100%\" height=\"auto\"/><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p><h2>Risks with Nvidia</h2>The most obvious commercial risk for Nvidia is a continual slowdown in the Gaming business which has already been responsible for driving a painful revaluation of Nvidia’s shares to the down-side this year. Should the PC market continue to decelerate, then chip makers will continue to be faced with weakening demand in their consumer-facing businesses. A down-trend in estimates also poses a risk for companies like Nvidia.</p><p><blockquote><h2>Nvidia的风险</h2>英伟达最明显的商业风险是游戏业务的持续放缓，这已经导致英伟达股价今年痛苦地重估下跌。如果个人电脑市场继续减速，那么芯片制造商将继续面临面向消费者的业务需求疲软的问题。预估的下降趋势也给英伟达等公司带来了风险。</blockquote></p><p><h2>Final thoughts</h2>Nvidia’s FQ3’23 results were expectedly not great and the outlook for FQ4’23 could have been worse. But that doesn’t mean that Nvidia is a buy. I believe the PC market will likely remain weak for the foreseeable future as the downturn accelerated in the third-quarter and high inventory levels continue to pose a risk to product pricing. While I like Nvidia’s product portfolio, momentum in Data Centers and recently announced collaboration with Microsoft, I believe shares of Nvidia are going to re-test their lows around $108 in the coming months. Weakening sector fundamentals and a light outlook for FQ4’23 strongly indicate that things could get worse for Nvidia before they get better!</p><p><blockquote><h2>最后的想法</h2>Nvidia 23年第3季度的业绩预计不会很好，23年第4季度的前景可能会更糟。但这并不意味着英伟达值得买入。我认为，在可预见的未来，个人电脑市场可能会保持疲软，因为第三季度经济下滑加速，高库存水平继续对产品定价构成风险。虽然我喜欢Nvidia的产品组合、数据中心的势头以及最近宣布的与微软的合作，但我相信Nvidia的股价将在未来几个月重新测试108美元左右的低点。行业基本面的疲软和23年第四季度的光明前景强烈表明，Nvidia的情况在好转之前可能会变得更糟！</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4559700-nvidia-may-get-worse-before-it-gets-better\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4559700-nvidia-may-get-worse-before-it-gets-better","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182336458","content_text":"SummaryThe PC market can be expected to remain weak in the short term.This will likely affect Nvidia’s Gaming business negatively.Nvidia’s FQ4’23 outlook is not great.Justin SullivanNvidia's (NASDAQ:NVDA) top line growth expectedly turned negative in the third fiscal quarter of FY 2023 due to a massive decline in the company’s Gaming business. Although Nvidia managed to beat top line expectations, the chip maker islikely to see more pressure on its top line in the coming quarters as demand for consumer electronics products can be expected to remain weak. While I like Nvidia’s product portfolio and especially the momentum in the Data Center business, I believe the stock is going to re-test its lows!Nvidia beats low FQ3’23 revenue estimatesNvidia issued a depressing revenue forecast for FQ3’23 (the quarter that ended on October 30, 2022) in August which called for revenues of $5.90B, plus or minus $118M. Last week, Nvidia reported revenues of $5.93B for FQ3’23 which was better than the low-end of the forecast and better than the average prediction of $5.81B. Nvidia missed on earnings, however.Seeking Alpha: Nvidia FQ3'23 ResultsGaming struggled, Data Centers GainedNvidia generated total revenues of $5.93B in FQ3'23, showing a decline of 17% year over year, largely because the Gaming business continued to struggle. After seeing a 44% quarter over quarter top line drop in the previous quarter, Nvidia’s Gaming segment reported another 23% sequential decline in revenues due to weakening consumer demand, high inventory levels in the industry and pressure on selling prices.The Gaming segment generated $1.57B in revenues in FQ3’23, showing a decline of 51% year over year and the lowest total revenue amount in years. Part of the problem for Nvidia are high inventory levels in the PC industry, which negatively affects product pricing.Gaming was the largest revenue contributing segment for Nvidia in the year-earlier period and it exceeded the Data Center business by a considerable margin. Nvidia generated $3.2B in Gaming revenues in FQ3’22 (the year-earlier quarter) due to strong GPU demand from gamers compared to $2.9B in Data Centers. In FQ3’23, Nvidia’s Data Center business generated $3.8B in revenues, more than 2.4 times as much as the Gaming business brought in.Nvidia: Revenue TrendThe Data Center business kept performing very well for Nvidia and it remains a bright spot for the chip maker going forward. Data Center revenues soared 31% year over year to $3.83B due to strong adoption of Nvidia’s server solutions by corporate clients. Nvidia also secured a big win in November by entering into a multi-year agreement with software company Microsoft (MSFT) to build a new supercomputer. Microsoft’s Azure will be the “first public cloud to incorporate NVIDIA’s advanced AI stack” which would further enhance Nvidia’s position as a leader of full stack artificial intelligence applications.The PC market decline is in a cyclical decline and it is a problem for NvidiaThe GPU demand surge in FY 2021 resulted in record prices for graphic cards which helped Nvidia report record financial results as well. However, the PC market has seen a significant slowdown this year and it is driving a normalization in Nvidia’s Gaming business. Consumers upgraded their PC equipment during the pandemic to prepare for remote working and studying, but now demand for new PC shipments is dropping off sharply.Consulting firm Gartner recently estimated that global shipments of PCs declined 19.5% in the third-quarter which marked an acceleration of the market’s decline: in the second-quarter, Gartner calculated a decline in global PC shipments of 12.6%. Intel also heavily down-graded its forecast for the last quarter of the year due to the forcefulness of the down-turn, indicating that the market has not yet bottomed… and this means that Nvidia’s top line will continue to be at risk in the next two or three quarters.Nvidia’s outlook for FQ4’23The outlook for the current fiscal quarter is not great either. The chip maker said it sees revenues of $6.0B, plus or minus 2% while its non-GAAP gross margin is expected to be 66%, plus or minus 50 basis points. Based off of Nvidia's guidance, the chip maker could actually see a quarter over quarter increase of up to 3%.Nvidia’s valuationNvidia’s revenue estimates for this year and next year have started to drop sharply after the chip maker issued a profit warning last quarter. The expectation is now for 0% revenue growth this year and only 12% in the following year.Data by YChartsI prefer AMD (AMD) over Nvidia right now due to AMD’s strong execution in the server market, strong product line-up with its new EPYC processors hitting the market soon and a more compelling valuation relative to Nvidia. AMD's valuation is much more attractive than Nvidia's based off of P/S and P/E...Data by YChartsRisks with NvidiaThe most obvious commercial risk for Nvidia is a continual slowdown in the Gaming business which has already been responsible for driving a painful revaluation of Nvidia’s shares to the down-side this year. Should the PC market continue to decelerate, then chip makers will continue to be faced with weakening demand in their consumer-facing businesses. A down-trend in estimates also poses a risk for companies like Nvidia.Final thoughtsNvidia’s FQ3’23 results were expectedly not great and the outlook for FQ4’23 could have been worse. But that doesn’t mean that Nvidia is a buy. I believe the PC market will likely remain weak for the foreseeable future as the downturn accelerated in the third-quarter and high inventory levels continue to pose a risk to product pricing. While I like Nvidia’s product portfolio, momentum in Data Centers and recently announced collaboration with Microsoft, I believe shares of Nvidia are going to re-test their lows around $108 in the coming months. Weakening sector fundamentals and a light outlook for FQ4’23 strongly indicate that things could get worse for Nvidia before they get better!","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":3462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":666727384,"gmtCreate":1666013180048,"gmtModify":1666013186067,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/666727384","repostId":"1160743860","repostType":4,"repost":{"id":"1160743860","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1666003685,"share":"https://www.laohu8.com/m/news/1160743860?lang=zh_CN&edition=full","pubTime":"2022-10-17 18:48","market":"us","language":"en","title":"Bank of America Tops Estimates on Better-Than-Expected Bond Trading, Higher Interest Rates<blockquote>美国银行债券交易好于预期、利率上升超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160743860","media":"Tiger Newspress","summary":"Bank of Americasaid Monday that profit and revenue topped expectations on better-than-expected fixed","content":"<p><html><head></head><body>Bank of Americasaid Monday that profit and revenue topped expectations on better-than-expected fixed-income trading and gains in interest income, thanks to choppy markets and rising rates.</p><p><blockquote><html><head></head><body>美国银行周一表示，由于市场波动和利率上升，固定收益交易好于预期以及利息收入增长，利润和收入超出预期。</body></html></blockquote></p><p>Here are the numbers:</p><p><blockquote>以下是数字：</blockquote></p><p><ul><li>Earnings:  81 cents vs. the 77 cents a share estimate of analysts surveyed by Refinitiv.</li><li>Revenue: $24.61 billion vs. $23.57 billion estimate</li></ul>Bank of America said third-quarter profit fell 8% to $7.1 billion, or 81 cents a share, as the company booked a $738 million provision for credit losses in the quarter. Revenue net of interest expense jumped to $24.61 billion.</p><p><blockquote><ul><li>盈利：81美分，而Refinitiv调查的分析师预期为每股77美分。</li><li>收入：246.1亿美元，预期235.7亿美元</li></ul>美国银行表示，第三季度利润下降8%，至71亿美元，合每股81美分，因为该公司在该季度计提了7.38亿美元的信贷损失准备金。扣除利息支出后的收入跃升至246.1亿美元。</blockquote></p><p>Shares of the bank rose 2.49% in premarket trading.</p><p><blockquote>该行股价在盘前交易中上涨2.49%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4519db9b2e49bbd37920a7f299794f29\" tg-width=\"821\" tg-height=\"825\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p>Bank of America, led by CEO Brian Moynihan, was supposed to be one of the main beneficiaries of the Federal Reserve’s rate-boosting campaign. While bank stocks got hammered this year amid concerns a recession was on the way, lenders including Bank of America, JPMorgan Chase and Wells Fargo are producing stronger profits as rates rise, allowing them to generate more profits from their core deposits and lending activities.</p><p><blockquote>由首席执行官布莱恩·莫伊尼汉领导的美国银行本应是美联储加息行动的主要受益者之一。尽管银行股今年因担心经济衰退即将来临而遭受重创，但随着利率上升，包括美国银行、摩根大通和富国银行在内的银行正在产生更强劲的利润，使它们能够从核心存款和贷款活动中产生更多利润。</blockquote></p><p>“Our U.S. consumer clients remained resilient with strong, although slower growing, spending levels and still maintained elevated deposit amounts,” Moynihan said in the release. “Across the bank, we grew loans by 12% over the last year as we delivered the financial resources to support our clients.”</p><p><blockquote>莫伊尼汉在新闻稿中表示：“我们的美国消费者客户保持弹性，尽管增长放缓，但支出水平强劲，并且仍然保持较高的存款金额。”“在整个银行，随着我们提供财务资源来支持客户，去年我们的贷款增长了12%。”</blockquote></p><p>Investors will be eager to see how well the bank’s retail and business customers are holding up amid signs that both inflation and higher interest rates are taking a toll on the economy.</p><p><blockquote>有迹象表明通胀和利率上升都在对经济造成损害，投资者将渴望看到该银行的零售和商业客户的表现如何。</blockquote></p><p>Bank of America shares have fallen 29% this year through Friday, worse than the 26% decline of the KBW Bank Index.</p><p><blockquote>截至周五，美国银行股价今年已下跌29%，比KBW银行指数26%的跌幅还要严重。</blockquote></p><p>Last week, JPMorgan and Wells Fargo topped expectations for third-quarter profit and revenue by generating better-than-expected interest income.Citigroupalso beat analysts’ estimates, and Morgan Stanley missed as choppy marketstook a tollon its investment management business.</p><p><blockquote>上周，摩根大通和富国银行第三季度利润和收入超出预期，利息收入好于预期。花旗集团也超出了分析师的预期，而摩根士丹利则因市场波动对其投资管理业务造成影响而表现不佳。</blockquote></p><p></body></html></p><p><blockquote></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>Bank of America Tops Estimates on Better-Than-Expected Bond Trading, Higher Interest Rates<blockquote>美国银行债券交易好于预期、利率上升超出预期</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\">\nBank of America Tops Estimates on Better-Than-Expected Bond Trading, Higher Interest Rates<blockquote>美国银行债券交易好于预期、利率上升超出预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2022-10-17 18:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Bank of Americasaid Monday that profit and revenue topped expectations on better-than-expected fixed-income trading and gains in interest income, thanks to choppy markets and rising rates.</p><p><blockquote><html><head></head><body>美国银行周一表示，由于市场波动和利率上升，固定收益交易好于预期以及利息收入增长，利润和收入超出预期。</body></html></blockquote></p><p>Here are the numbers:</p><p><blockquote>以下是数字：</blockquote></p><p><ul><li>Earnings:  81 cents vs. the 77 cents a share estimate of analysts surveyed by Refinitiv.</li><li>Revenue: $24.61 billion vs. $23.57 billion estimate</li></ul>Bank of America said third-quarter profit fell 8% to $7.1 billion, or 81 cents a share, as the company booked a $738 million provision for credit losses in the quarter. Revenue net of interest expense jumped to $24.61 billion.</p><p><blockquote><ul><li>盈利：81美分，而Refinitiv调查的分析师预期为每股77美分。</li><li>收入：246.1亿美元，预期235.7亿美元</li></ul>美国银行表示，第三季度利润下降8%，至71亿美元，合每股81美分，因为该公司在该季度计提了7.38亿美元的信贷损失准备金。扣除利息支出后的收入跃升至246.1亿美元。</blockquote></p><p>Shares of the bank rose 2.49% in premarket trading.</p><p><blockquote>该行股价在盘前交易中上涨2.49%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4519db9b2e49bbd37920a7f299794f29\" tg-width=\"821\" tg-height=\"825\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p>Bank of America, led by CEO Brian Moynihan, was supposed to be one of the main beneficiaries of the Federal Reserve’s rate-boosting campaign. While bank stocks got hammered this year amid concerns a recession was on the way, lenders including Bank of America, JPMorgan Chase and Wells Fargo are producing stronger profits as rates rise, allowing them to generate more profits from their core deposits and lending activities.</p><p><blockquote>由首席执行官布莱恩·莫伊尼汉领导的美国银行本应是美联储加息行动的主要受益者之一。尽管银行股今年因担心经济衰退即将来临而遭受重创，但随着利率上升，包括美国银行、摩根大通和富国银行在内的银行正在产生更强劲的利润，使它们能够从核心存款和贷款活动中产生更多利润。</blockquote></p><p>“Our U.S. consumer clients remained resilient with strong, although slower growing, spending levels and still maintained elevated deposit amounts,” Moynihan said in the release. “Across the bank, we grew loans by 12% over the last year as we delivered the financial resources to support our clients.”</p><p><blockquote>莫伊尼汉在新闻稿中表示：“我们的美国消费者客户保持弹性，尽管增长放缓，但支出水平强劲，并且仍然保持较高的存款金额。”“在整个银行，随着我们提供财务资源来支持客户，去年我们的贷款增长了12%。”</blockquote></p><p>Investors will be eager to see how well the bank’s retail and business customers are holding up amid signs that both inflation and higher interest rates are taking a toll on the economy.</p><p><blockquote>有迹象表明通胀和利率上升都在对经济造成损害，投资者将渴望看到该银行的零售和商业客户的表现如何。</blockquote></p><p>Bank of America shares have fallen 29% this year through Friday, worse than the 26% decline of the KBW Bank Index.</p><p><blockquote>截至周五，美国银行股价今年已下跌29%，比KBW银行指数26%的跌幅还要严重。</blockquote></p><p>Last week, JPMorgan and Wells Fargo topped expectations for third-quarter profit and revenue by generating better-than-expected interest income.Citigroupalso beat analysts’ estimates, and Morgan Stanley missed as choppy marketstook a tollon its investment management business.</p><p><blockquote>上周，摩根大通和富国银行第三季度利润和收入超出预期，利息收入好于预期。花旗集团也超出了分析师的预期，而摩根士丹利则因市场波动对其投资管理业务造成影响而表现不佳。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BAC":"美国银行"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160743860","content_text":"Bank of Americasaid Monday that profit and revenue topped expectations on better-than-expected fixed-income trading and gains in interest income, thanks to choppy markets and rising rates.Here are the numbers:Earnings:  81 cents vs. the 77 cents a share estimate of analysts surveyed by Refinitiv.Revenue: $24.61 billion vs. $23.57 billion estimateBank of America said third-quarter profit fell 8% to $7.1 billion, or 81 cents a share, as the company booked a $738 million provision for credit losses in the quarter. Revenue net of interest expense jumped to $24.61 billion.Shares of the bank rose 2.49% in premarket trading.Bank of America, led by CEO Brian Moynihan, was supposed to be one of the main beneficiaries of the Federal Reserve’s rate-boosting campaign. While bank stocks got hammered this year amid concerns a recession was on the way, lenders including Bank of America, JPMorgan Chase and Wells Fargo are producing stronger profits as rates rise, allowing them to generate more profits from their core deposits and lending activities.“Our U.S. consumer clients remained resilient with strong, although slower growing, spending levels and still maintained elevated deposit amounts,” Moynihan said in the release. “Across the bank, we grew loans by 12% over the last year as we delivered the financial resources to support our clients.”Investors will be eager to see how well the bank’s retail and business customers are holding up amid signs that both inflation and higher interest rates are taking a toll on the economy.Bank of America shares have fallen 29% this year through Friday, worse than the 26% decline of the KBW Bank Index.Last week, JPMorgan and Wells Fargo topped expectations for third-quarter profit and revenue by generating better-than-expected interest income.Citigroupalso beat analysts’ estimates, and Morgan Stanley missed as choppy marketstook a tollon its investment management business.","news_type":1,"symbols_score_info":{"BAC":0.9}},"isVote":1,"tweetType":1,"viewCount":2462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":666727062,"gmtCreate":1666013172956,"gmtModify":1666013178000,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/666727062","repostId":"1160743860","repostType":4,"repost":{"id":"1160743860","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1666003685,"share":"https://www.laohu8.com/m/news/1160743860?lang=zh_CN&edition=full","pubTime":"2022-10-17 18:48","market":"us","language":"en","title":"Bank of America Tops Estimates on Better-Than-Expected Bond Trading, Higher Interest Rates<blockquote>美国银行债券交易好于预期、利率上升超出预期</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160743860","media":"Tiger Newspress","summary":"Bank of Americasaid Monday that profit and revenue topped expectations on better-than-expected fixed","content":"<p><html><head></head><body>Bank of Americasaid Monday that profit and revenue topped expectations on better-than-expected fixed-income trading and gains in interest income, thanks to choppy markets and rising rates.</p><p><blockquote><html><head></head><body>美国银行周一表示，由于市场波动和利率上升，固定收益交易好于预期以及利息收入增长，利润和收入超出预期。</body></html></blockquote></p><p>Here are the numbers:</p><p><blockquote>以下是数字：</blockquote></p><p><ul><li>Earnings:  81 cents vs. the 77 cents a share estimate of analysts surveyed by Refinitiv.</li><li>Revenue: $24.61 billion vs. $23.57 billion estimate</li></ul>Bank of America said third-quarter profit fell 8% to $7.1 billion, or 81 cents a share, as the company booked a $738 million provision for credit losses in the quarter. Revenue net of interest expense jumped to $24.61 billion.</p><p><blockquote><ul><li>盈利：81美分，而Refinitiv调查的分析师预期为每股77美分。</li><li>收入：246.1亿美元，预期235.7亿美元</li></ul>美国银行表示，第三季度利润下降8%，至71亿美元，合每股81美分，因为该公司在该季度计提了7.38亿美元的信贷损失准备金。扣除利息支出后的收入跃升至246.1亿美元。</blockquote></p><p>Shares of the bank rose 2.49% in premarket trading.</p><p><blockquote>该行股价在盘前交易中上涨2.49%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4519db9b2e49bbd37920a7f299794f29\" tg-width=\"821\" tg-height=\"825\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p>Bank of America, led by CEO Brian Moynihan, was supposed to be one of the main beneficiaries of the Federal Reserve’s rate-boosting campaign. While bank stocks got hammered this year amid concerns a recession was on the way, lenders including Bank of America, JPMorgan Chase and Wells Fargo are producing stronger profits as rates rise, allowing them to generate more profits from their core deposits and lending activities.</p><p><blockquote>由首席执行官布莱恩·莫伊尼汉领导的美国银行本应是美联储加息行动的主要受益者之一。尽管银行股今年因担心经济衰退即将来临而遭受重创，但随着利率上升，包括美国银行、摩根大通和富国银行在内的银行正在产生更强劲的利润，使它们能够从核心存款和贷款活动中产生更多利润。</blockquote></p><p>“Our U.S. consumer clients remained resilient with strong, although slower growing, spending levels and still maintained elevated deposit amounts,” Moynihan said in the release. “Across the bank, we grew loans by 12% over the last year as we delivered the financial resources to support our clients.”</p><p><blockquote>莫伊尼汉在新闻稿中表示：“我们的美国消费者客户保持弹性，尽管增长放缓，但支出水平强劲，并且仍然保持较高的存款金额。”“在整个银行，随着我们提供财务资源来支持客户，去年我们的贷款增长了12%。”</blockquote></p><p>Investors will be eager to see how well the bank’s retail and business customers are holding up amid signs that both inflation and higher interest rates are taking a toll on the economy.</p><p><blockquote>有迹象表明通胀和利率上升都在对经济造成损害，投资者将渴望看到该银行的零售和商业客户的表现如何。</blockquote></p><p>Bank of America shares have fallen 29% this year through Friday, worse than the 26% decline of the KBW Bank Index.</p><p><blockquote>截至周五，美国银行股价今年已下跌29%，比KBW银行指数26%的跌幅还要严重。</blockquote></p><p>Last week, JPMorgan and Wells Fargo topped expectations for third-quarter profit and revenue by generating better-than-expected interest income.Citigroupalso beat analysts’ estimates, and Morgan Stanley missed as choppy marketstook a tollon its investment management business.</p><p><blockquote>上周，摩根大通和富国银行第三季度利润和收入超出预期，利息收入好于预期。花旗集团也超出了分析师的预期，而摩根士丹利则因市场波动对其投资管理业务造成影响而表现不佳。</blockquote></p><p></body></html></p><p><blockquote></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>Bank of America Tops Estimates on Better-Than-Expected Bond Trading, Higher Interest Rates<blockquote>美国银行债券交易好于预期、利率上升超出预期</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\">\nBank of America Tops Estimates on Better-Than-Expected Bond Trading, Higher Interest Rates<blockquote>美国银行债券交易好于预期、利率上升超出预期</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2022-10-17 18:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Bank of Americasaid Monday that profit and revenue topped expectations on better-than-expected fixed-income trading and gains in interest income, thanks to choppy markets and rising rates.</p><p><blockquote><html><head></head><body>美国银行周一表示，由于市场波动和利率上升，固定收益交易好于预期以及利息收入增长，利润和收入超出预期。</body></html></blockquote></p><p>Here are the numbers:</p><p><blockquote>以下是数字：</blockquote></p><p><ul><li>Earnings:  81 cents vs. the 77 cents a share estimate of analysts surveyed by Refinitiv.</li><li>Revenue: $24.61 billion vs. $23.57 billion estimate</li></ul>Bank of America said third-quarter profit fell 8% to $7.1 billion, or 81 cents a share, as the company booked a $738 million provision for credit losses in the quarter. Revenue net of interest expense jumped to $24.61 billion.</p><p><blockquote><ul><li>盈利：81美分，而Refinitiv调查的分析师预期为每股77美分。</li><li>收入：246.1亿美元，预期235.7亿美元</li></ul>美国银行表示，第三季度利润下降8%，至71亿美元，合每股81美分，因为该公司在该季度计提了7.38亿美元的信贷损失准备金。扣除利息支出后的收入跃升至246.1亿美元。</blockquote></p><p>Shares of the bank rose 2.49% in premarket trading.</p><p><blockquote>该行股价在盘前交易中上涨2.49%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4519db9b2e49bbd37920a7f299794f29\" tg-width=\"821\" tg-height=\"825\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p>Bank of America, led by CEO Brian Moynihan, was supposed to be one of the main beneficiaries of the Federal Reserve’s rate-boosting campaign. While bank stocks got hammered this year amid concerns a recession was on the way, lenders including Bank of America, JPMorgan Chase and Wells Fargo are producing stronger profits as rates rise, allowing them to generate more profits from their core deposits and lending activities.</p><p><blockquote>由首席执行官布莱恩·莫伊尼汉领导的美国银行本应是美联储加息行动的主要受益者之一。尽管银行股今年因担心经济衰退即将来临而遭受重创，但随着利率上升，包括美国银行、摩根大通和富国银行在内的银行正在产生更强劲的利润，使它们能够从核心存款和贷款活动中产生更多利润。</blockquote></p><p>“Our U.S. consumer clients remained resilient with strong, although slower growing, spending levels and still maintained elevated deposit amounts,” Moynihan said in the release. “Across the bank, we grew loans by 12% over the last year as we delivered the financial resources to support our clients.”</p><p><blockquote>莫伊尼汉在新闻稿中表示：“我们的美国消费者客户保持弹性，尽管增长放缓，但支出水平强劲，并且仍然保持较高的存款金额。”“在整个银行，随着我们提供财务资源来支持客户，去年我们的贷款增长了12%。”</blockquote></p><p>Investors will be eager to see how well the bank’s retail and business customers are holding up amid signs that both inflation and higher interest rates are taking a toll on the economy.</p><p><blockquote>有迹象表明通胀和利率上升都在对经济造成损害，投资者将渴望看到该银行的零售和商业客户的表现如何。</blockquote></p><p>Bank of America shares have fallen 29% this year through Friday, worse than the 26% decline of the KBW Bank Index.</p><p><blockquote>截至周五，美国银行股价今年已下跌29%，比KBW银行指数26%的跌幅还要严重。</blockquote></p><p>Last week, JPMorgan and Wells Fargo topped expectations for third-quarter profit and revenue by generating better-than-expected interest income.Citigroupalso beat analysts’ estimates, and Morgan Stanley missed as choppy marketstook a tollon its investment management business.</p><p><blockquote>上周，摩根大通和富国银行第三季度利润和收入超出预期，利息收入好于预期。花旗集团也超出了分析师的预期，而摩根士丹利则因市场波动对其投资管理业务造成影响而表现不佳。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BAC":"美国银行"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160743860","content_text":"Bank of Americasaid Monday that profit and revenue topped expectations on better-than-expected fixed-income trading and gains in interest income, thanks to choppy markets and rising rates.Here are the numbers:Earnings:  81 cents vs. the 77 cents a share estimate of analysts surveyed by Refinitiv.Revenue: $24.61 billion vs. $23.57 billion estimateBank of America said third-quarter profit fell 8% to $7.1 billion, or 81 cents a share, as the company booked a $738 million provision for credit losses in the quarter. Revenue net of interest expense jumped to $24.61 billion.Shares of the bank rose 2.49% in premarket trading.Bank of America, led by CEO Brian Moynihan, was supposed to be one of the main beneficiaries of the Federal Reserve’s rate-boosting campaign. While bank stocks got hammered this year amid concerns a recession was on the way, lenders including Bank of America, JPMorgan Chase and Wells Fargo are producing stronger profits as rates rise, allowing them to generate more profits from their core deposits and lending activities.“Our U.S. consumer clients remained resilient with strong, although slower growing, spending levels and still maintained elevated deposit amounts,” Moynihan said in the release. “Across the bank, we grew loans by 12% over the last year as we delivered the financial resources to support our clients.”Investors will be eager to see how well the bank’s retail and business customers are holding up amid signs that both inflation and higher interest rates are taking a toll on the economy.Bank of America shares have fallen 29% this year through Friday, worse than the 26% decline of the KBW Bank Index.Last week, JPMorgan and Wells Fargo topped expectations for third-quarter profit and revenue by generating better-than-expected interest income.Citigroupalso beat analysts’ estimates, and Morgan Stanley missed as choppy marketstook a tollon its investment management business.","news_type":1,"symbols_score_info":{"BAC":0.9}},"isVote":1,"tweetType":1,"viewCount":2409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":666724569,"gmtCreate":1666013149651,"gmtModify":1666013154338,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Tiger","listText":"Tiger","text":"Tiger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/666724569","repostId":"1148332307","repostType":4,"repost":{"id":"1148332307","kind":"news","pubTimestamp":1666003612,"share":"https://www.laohu8.com/m/news/1148332307?lang=zh_CN&edition=full","pubTime":"2022-10-17 18:46","market":"us","language":"en","title":"Bank of New York Mellon Non-GAAP EPS of $1.21 Beats By $0.13, Revenue of $4.28B Beats By $80M<blockquote>纽约梅隆银行非GAAP每股收益为1.21美元超过预期为0.13美元，收入为4.28 B美元超过预期为8000万美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148332307","media":"Seeking Alpha","summary":"Bank of New York Mellon(NYSE:BK) Q2 Non-GAAP EPS of $1.21beats by $0.13.3Q22 results include $(664) ","content":"<p><html><head></head><body><ul><li>Bank of New York Mellon(NYSE:BK) Q2 Non-GAAP EPS of $1.21beats by $0.13.</li><li>3Q22 results include $(664) million, or $(0.81) per share, primarily related to impairment of goodwill associated with the Investment Management reporting unit, which was driven by lower market values and a higher discount rate. This goodwill impairment represents a non-cash charge and did not affect BNY Mellon’s liquidity position, tangible common equity or regulatory capital ratios.</li><li>Revenue of $4.28B (+5.9% Y/Y)beats by $80M.</li><li>Net interest revenue increased 44%. Fee revenue decreased 1%</li><li>AUC/A of $42.2 trillion, decreased 7%, primarily market impact</li><li>AUM of $1.8 trillion, decreased 23%, primarily market impact</li><li>Provision for credit losses was a benefit of $30 million, primarily reflecting reserve releases related to cash balances with exposure to Russia and a modest benefit from our commercial real estate portfolio.</li></ul></body></html></p><p><blockquote><html><head></head><body><ul><li>纽约梅隆银行(NYSE：BK)第二季度非GAAP每股收益为1.21美元，超过预期为0.13美元。</li><li>2022年第三季度业绩包括(6.64)百万美元，或每股(0.81)美元，主要与投资管理报告部门相关的商誉减值有关，这是由较低的市值和较高的贴现率推动的。该商誉减值代表非现金费用，并未影响纽约梅隆银行的流动性状况、有形普通股或监管资本比率。</li><li>收入为$4.28 B（同比增长5.9%）超过预期为8000万美元。</li><li>净利息收入增长44%。手续费收入下降1%</li><li>AUC/A为42.2万亿美元，下降7%，主要是市场影响</li><li>资产管理规模为1.8万亿美元，下降23%，主要是市场影响</li><li>信用损失拨备带来了3000万美元的收益，主要反映了与俄罗斯敞口的现金余额相关的准备金释放以及我们商业房地产投资组合的适度收益。</li></ul></body></html></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>Bank of New York Mellon Non-GAAP EPS of $1.21 Beats By $0.13, Revenue of $4.28B Beats By $80M<blockquote>纽约梅隆银行非GAAP每股收益为1.21美元超过预期为0.13美元，收入为4.28 B美元超过预期为8000万美元</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\">\nBank of New York Mellon Non-GAAP EPS of $1.21 Beats By $0.13, Revenue of $4.28B Beats By $80M<blockquote>纽约梅隆银行非GAAP每股收益为1.21美元超过预期为0.13美元，收入为4.28 B美元超过预期为8000万美元</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\">2022-10-17 18:46</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><ul><li>Bank of New York Mellon(NYSE:BK) Q2 Non-GAAP EPS of $1.21beats by $0.13.</li><li>3Q22 results include $(664) million, or $(0.81) per share, primarily related to impairment of goodwill associated with the Investment Management reporting unit, which was driven by lower market values and a higher discount rate. This goodwill impairment represents a non-cash charge and did not affect BNY Mellon’s liquidity position, tangible common equity or regulatory capital ratios.</li><li>Revenue of $4.28B (+5.9% Y/Y)beats by $80M.</li><li>Net interest revenue increased 44%. Fee revenue decreased 1%</li><li>AUC/A of $42.2 trillion, decreased 7%, primarily market impact</li><li>AUM of $1.8 trillion, decreased 23%, primarily market impact</li><li>Provision for credit losses was a benefit of $30 million, primarily reflecting reserve releases related to cash balances with exposure to Russia and a modest benefit from our commercial real estate portfolio.</li></ul></body></html></p><p><blockquote><html><head></head><body><ul><li>纽约梅隆银行(NYSE：BK)第二季度非GAAP每股收益为1.21美元，超过预期为0.13美元。</li><li>2022年第三季度业绩包括(6.64)百万美元，或每股(0.81)美元，主要与投资管理报告部门相关的商誉减值有关，这是由较低的市值和较高的贴现率推动的。该商誉减值代表非现金费用，并未影响纽约梅隆银行的流动性状况、有形普通股或监管资本比率。</li><li>收入为$4.28 B（同比增长5.9%）超过预期为8000万美元。</li><li>净利息收入增长44%。手续费收入下降1%</li><li>AUC/A为42.2万亿美元，下降7%，主要是市场影响</li><li>资产管理规模为1.8万亿美元，下降23%，主要是市场影响</li><li>信用损失拨备带来了3000万美元的收益，主要反映了与俄罗斯敞口的现金余额相关的准备金释放以及我们商业房地产投资组合的适度收益。</li></ul></body></html></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/news/3891718-bank-of-new-york-mellon-non-gaap-eps-of-1_21-beats-0_13-revenue-of-4_28b-beats-80m\">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":{"BK":"纽约梅隆银行"},"source_url":"https://seekingalpha.com/news/3891718-bank-of-new-york-mellon-non-gaap-eps-of-1_21-beats-0_13-revenue-of-4_28b-beats-80m","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148332307","content_text":"Bank of New York Mellon(NYSE:BK) Q2 Non-GAAP EPS of $1.21beats by $0.13.3Q22 results include $(664) million, or $(0.81) per share, primarily related to impairment of goodwill associated with the Investment Management reporting unit, which was driven by lower market values and a higher discount rate. This goodwill impairment represents a non-cash charge and did not affect BNY Mellon’s liquidity position, tangible common equity or regulatory capital ratios.Revenue of $4.28B (+5.9% Y/Y)beats by $80M.Net interest revenue increased 44%. Fee revenue decreased 1%AUC/A of $42.2 trillion, decreased 7%, primarily market impactAUM of $1.8 trillion, decreased 23%, primarily market impactProvision for credit losses was a benefit of $30 million, primarily reflecting reserve releases related to cash balances with exposure to Russia and a modest benefit from our commercial real estate portfolio.","news_type":1,"symbols_score_info":{"BK":0.9}},"isVote":1,"tweetType":1,"viewCount":1705,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":666414382,"gmtCreate":1665847595346,"gmtModify":1665847598067,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Long,","listText":"Long,","text":"Long,","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/666414382","repostId":"2275698961","repostType":4,"isVote":1,"tweetType":1,"viewCount":1879,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":684471299,"gmtCreate":1660567407916,"gmtModify":1660567409048,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Tiger long","listText":"Tiger long","text":"Tiger long","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/684471299","repostId":"2259015474","repostType":4,"isVote":1,"tweetType":1,"viewCount":2747,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":684916968,"gmtCreate":1660041874758,"gmtModify":1660042660239,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Tiger long live","listText":"Tiger long live","text":"Tiger long live","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/684916968","repostId":"1124255732","repostType":4,"repost":{"id":"1124255732","kind":"news","pubTimestamp":1660059125,"share":"https://www.laohu8.com/m/news/1124255732?lang=zh_CN&edition=full","pubTime":"2022-08-09 23:32","market":"us","language":"en","title":"Nvidia: Execution Issues Surfacing Again With Its Downcast Q2 Guidance<blockquote>英伟达：第二季度指引下调，执行问题再次浮出水面</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124255732","media":"Seeking Alpha","summary":"SummaryNvidia shocked the market as it posted its Q2 prelim release that came in well below its prev","content":"<p><html><head></head><body><b>Summary</b></p><p><blockquote><html><head></head><body><b>总结</b></body></html></blockquote></p><p><ul><li>Nvidia shocked the market as it posted its Q2 prelim release that came in well below its previous guidance, particularly in gaming. Management has overstated its forecasting models tremendously.</li><li>We are disappointed that Nvidia didn&#39;t learn sufficiently from the previous downturn in 2018 with its overstated guidance. As a result, management has lost some credibility with us.</li><li>Broadcom warned in September 2021 that the current cycle was unsustainable. But, we have not observed such early warning in Nvidia&#39;s commentary. Therefore, execution is very poor.</li><li>We reiterate our Hold rating, as we believe NVDA could continue underperforming the market.</li></ul><b>Thesis</b></p><p><blockquote><ul><li>英伟达发布的第二季度prelim版本远低于之前的指导，尤其是在游戏领域，震惊了市场。管理层大大夸大了其预测模型。</li><li>我们感到失望的是，英伟达没有从2018年的经济低迷中充分吸取教训，其夸大了指导。结果，管理层在我们这里失去了一些信誉。</li><li>博通在2021年9月警告称，当前的周期是不可持续的。但是，我们在英伟达的评论中没有观察到这样的预警。因此，执行力很差。</li><li>我们重申持有评级，因为我们认为NVDA的表现可能会继续逊于市场。</li></ul><b>论文</b></blockquote></p><p>NVIDIA Corporation (NASDAQ:NVDA) stunned the market as it announced its Q2 preliminary results that came in well below its guidance and the Street&#39;s consensus. We highlighted in our previous article that NVIDIA could continue to underperform the market, even though we assessed that it was near its bottom.</p><p><blockquote>英伟达公司（纳斯达克股票代码：NVDA）公布的第二季度初步业绩远低于其指引和华尔街共识，震惊了市场。我们在上一篇文章中强调，英伟达的表现可能会继续逊于市场，尽管我们评估其已接近底部。</blockquote></p><p>While we expected NVDA to stage a short-term rally from its June lows, we didn&#39;t envisage NVDA to continue outperforming the market. Notably, NVDA has underperformed the Invesco QQQ ETF (QQQ) and the Technology ETF (XLK) over the past two months (even before yesterday&#39;s sell-off).</p><p><blockquote>虽然我们预计NVDA将从6月低点出现短期反弹，但我们并不认为NVDA会继续跑赢市场。值得注意的是，NVDA在过去两个月（甚至在昨天的抛售之前）的表现逊于景顺QQQ ETF(QQQ)和科技ETF(XLK)。</blockquote></p><p>We maintain our conviction that the market has materially de-rated NVDA, despite its battering from its November 2021 highs. Management has failed to convince us when chips are down that Nvidia could overcome the market&#39;s cyclical nature with its so-called &#34;secular&#34; opportunities.</p><p><blockquote>我们仍然相信，尽管NVDA的评级从2021年11月的高点遭受重创，但市场已大幅下调。当关键时刻到来时，管理层未能让我们相信英伟达可以通过其所谓的“长期”机会克服市场的周期性。</blockquote></p><p>Coupled with potentially slowing revenue growth and its steep growth premium, we urge investors to find other well-beaten down opportunities in growth and tech stocks to add exposure. Notwithstanding, we expect semis to have bottomed out and do not expect much further downside in NVDA. As a result, we urge investors not to sell in panic.</p><p><blockquote>再加上收入增长可能放缓及其陡峭的增长溢价，我们敦促投资者在成长股和科技股中寻找其他遭受重创的机会来增加投资。尽管如此，我们预计半成品已经触底，并且预计NVDA不会进一步下跌。因此，我们敦促投资者不要恐慌性抛售。</blockquote></p><p>Therefore, we reiterate our Hold rating on NVDA for now.</p><p><blockquote>因此，我们暂时重申对NVDA的持有评级。</blockquote></p><p><b>Nvidia Lost Credibility With Its Caution</b></p><p><blockquote><b>英伟达因其谨慎而失去了信誉</b></blockquote></p><p>We are shareholders of NVDA, which account for a reasonable weighting in our portfolio. Therefore, we consider the warning on its Q2 prelim release a massive disappointment but not unexpected.</p><p><blockquote>我们是NVDA的股东，NVDA在我们的投资组合中占有合理的权重。因此，我们认为其第二季度初步发布的警告令人非常失望，但并不意外。</blockquote></p><p>We vividly remember Broadcom (AVGO)CEO Hock Tan cautioned about the current semi downturn in September 2021, demonstrating his prescience and credibility. We also highlighted his comments in our article last year, as he accentuated:</p><p><blockquote>我们清楚地记得博通(AVGO)首席执行官Hock Tan在2021年9月对当前的经济低迷发出警告，证明了他的先见之明和可信度。我们还在去年的文章中强调了他的评论，他强调：</blockquote></p><p>And to answer your question point-blank, I do not see any specific drivers or reasons why the strength we see today is really nothing more than of an exaggerated up-cycle. We always go through a period of digestion. There&#39;s no way we can consume on all that forever. And that&#39;s what is called a cycle, particularly when we expect supply to come into play out of this - out of the current tightness, but dated back to 2020 to start coming in 2023. And the massive investment and CapEx will start deploying capacity in &#39;23 earliest. Then I see &#39;23 where we have supply. And I think digestion of demand might just start to occur. (Broadcom article)<img src=\"https://static.tigerbbs.com/66ac20e2b8ed62af8f2aeaa78f94ad5e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/></p><p><blockquote>直截了当地回答你的问题，我没有看到任何具体的驱动因素或原因，为什么我们今天看到的实力实际上只不过是一个夸大的上升周期。我们总是要经历一段消化期。我们不可能永远消耗这些。这就是所谓的周期，特别是当我们预计供应将从中发挥作用时——摆脱当前的紧张，但可以追溯到2020年，并将于2023年开始。巨额投资和资本支出最早将于23年开始部署产能。然后我看到23年我们有供应。我认为需求的消化可能才刚刚开始。（博通文章）</blockquote></p><p>Nvidia gaming and data center revenue change %(Company filings)</p><p><blockquote>Nvidia游戏和数据中心收入变化%（公司备案）</blockquote></p><p>Nvidia warned in its preliminary release for FQ2&#39;23that it expects to post revenue of $6.7B, up by just 3% YoY, down significantly from its previous outlook of $8.1B (up 24.4%).</p><p><blockquote>Nvidia在23年第二季度的初步发布中警告称，预计收入为$6.7 B，同比仅增长3%，远低于之前预期的$8.1 B（增长24.4%）。</blockquote></p><p>The main culprit is gaming, as Nvidia highlighted that it expects gaming to post a decline of 33.4%, as seen above, even though data center growth remains robust. However, Nvidia&#39;s gaming growth has already trended down consistently from its peak growth in FQ1&#39;22, as gaming started to lap challenging comps, complicated by the post-pandemic reopening.</p><p><blockquote>罪魁祸首是游戏，正如Nvidia强调的那样，尽管数据中心增长依然强劲，但预计游戏将下降33.4%，如上所示。然而，英伟达的游戏增长已经从22年第一季度的峰值增长开始持续下降，因为游戏开始应对充满挑战的竞争，而大流行后的重新开放使情况变得更加复杂。</blockquote></p><p>Furthermore, the destruction in crypto mining added to the headwinds in gaming cards ASPs, creating further challenges for Nvidia as it prepares to launch its RTX 40-series Ada Lovelace graphics.</p><p><blockquote>此外，加密货币挖矿的破坏增加了游戏卡ASP的阻力，为Nvidia准备推出RTX 40系列Ada Lovelace显卡带来了进一步的挑战。</blockquote></p><p>But, Nvidia has consistently maintained its &#34;strong&#34; belief in its gaming segment, often accentuating its strength and consistency. CEO Jensen Huang highlighted in a June conference that he expects gaming to continue posting robust growth cadence. He articulated:</p><p><blockquote>但是，英伟达始终保持其对游戏领域的“坚定”信念，经常强调其实力和一致性。首席执行官黄仁勋(Elon Musk)在6月份的一次会议上强调，他预计游戏行业将继续保持强劲的增长节奏。他明确表示：</blockquote></p><p>China is a significant market. Russia is a meaningful market for our gaming business. However, gaming remains solid even in the face of China and Russia. Q1 sell-through grew year-over-year over last year, which was a really fantastic year. And so gaming sell-through remains solid. (BofA 2022 Global Technology Conference)But, consider what Huang emphasized two months later in Nvidia&#39;s prelim release. He said:</p><p><blockquote>中国是一个重要的市场。俄罗斯是我们博彩业务的重要市场。然而，即使面对中国和俄罗斯，博彩仍保持稳健。第一季度的销售额比去年同比增长，这真是美妙的一年。因此游戏销量依然强劲。（美国银行2022年全球技术大会）但是，考虑一下黄在两个月后英伟达的初步发布中强调的内容。他说：</blockquote></p><p></p><p>Our gaming product sell-through projections declined significantly as the quarter progressed. As we expect the macroeconomic conditions affecting sell-through to continue, we took action with our Gaming partners to adjust channel prices and inventory. - NvidiaTherefore, we believe Huang &amp; team has lost some credibility with us. Moreover, it shows that the company overstated its forecasting models, resulting in weak execution. Given Nvidia&#39;s experience navigating the previous crypto downturn in 2018, we are highly disappointed with how management has managed its guidance heading into its Q2 prelim release.</p><p><blockquote>随着本季度的进展，我们的游戏产品销量预测大幅下降。由于我们预期影响销售的宏观经济状况将持续，我们与博彩合作夥伴采取行动调整渠道价格及库存。–NVIDIA因此，我们认为黄和团队已经失去了我们的一些信誉。此外，这表明该公司夸大了其预测模型，导致执行力薄弱。鉴于Nvidia在2018年应对加密货币低迷的经验，我们对管理层在第二季度初步发布前管理指导的方式感到非常失望。</blockquote></p><p><img src=\"https://static.tigerbbs.com/8cf57b7e1fc91128408275fb9e5712e2\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p>Nvidia pro viz and automotive revenue change %(Company filings)</p><p><blockquote>Nvidia pro viz和汽车收入变化百分比（公司文件）</blockquote></p><p>Nvidia&#39;s pro visualization segment&#39;s growth has also slowed down markedly, reflecting the weakness in its gaming segment. Therefore, the euphoria over the Omniverse opportunity has yet to gain significant traction. As a result, we urge investors to pay attention to its data center growth cadence moving forward, as it&#39;s critical to underpin NVDA&#39;s expensive valuation.</p><p><blockquote>英伟达专业可视化部门的增长也明显放缓，反映出其游戏部门的疲软。因此，对Omniverse机会的兴奋尚未获得显着的吸引力。因此，我们敦促投资者关注其数据中心未来的增长节奏，因为这对于支撑NVDA昂贵的估值至关重要。</blockquote></p><p>Automotive is the bright spot after tepid growth over the past four quarters. However, QUALCOMM (QCOM) remains confident that it&#39;s the leading player with its digital chassis, given the size of its design pipeline and growth momentum. Therefore, we urge Nvidia investors to pay close attention to Qualcomm&#39;s performance and not simply buy into Nvidia&#39;s commentary on its auto momentum.</p><p><blockquote>汽车行业在过去四个季度增长不温不火后成为亮点。然而，鉴于其设计渠道的规模和增长势头，高通(QCOM)仍然相信其数字机箱的领先企业。因此，我们敦促英伟达投资者密切关注高通的业绩，不要简单地相信英伟达对其汽车势头的评论。</blockquote></p><p>Qualcomm highlighted in a May conference that its digital chassis competes with Mobileye (INTC) directly, suggesting two of them are leading the pack, without mentioning Nvidia. Management also accentuated in its recent Q3 earnings that it has garnered more than $19B in its auto design pipeline, and delivered auto revenue of $350M, up 38% YoY. Furthermore, the company emphasized that its open platform helps spur adoption by auto OEMs. Therefore, Nvidia investors need to assess the competition from Qualcomm carefully.</p><p><blockquote>高通在5月份的一次会议上强调，其数字机箱直接与Mobileye(INTC)竞争，表明其中两家处于领先地位，但没有提及Nvidia。管理层还在最近的第三季度收益中强调，其汽车设计渠道已获得超过19B美元的收入，汽车收入为3.5亿美元，同比增长38%。此外，该公司强调其开放平台有助于刺激汽车原始设备制造商的采用。因此，英伟达投资者需要仔细评估来自高通的竞争。</blockquote></p><p><b>Is NVDA Stock A Buy, Sell, Or Hold?</b></p><p><blockquote><b>NVDA股票是买入、卖出还是持有？</b></blockquote></p><p>We are confident that NVDA has likely staged its medium-term bottom in June, in line with its semi peers.</p><p><blockquote>我们相信NVDA可能会在6月份出现中期底部，与其semi同行一致。</blockquote></p><p>But, growth and tech investors are spoilt for choice, given the tech bear market. Being at a bottom doesn&#39;t necessarily mean that investors should jump on the opportunity to add NVDA, as we believe it could still underperform the market.</p><p><blockquote>但是，考虑到科技熊市，成长型和科技投资者的选择太多了。处于底部并不一定意味着投资者应该抓住机会添加NVDA，因为我们认为它的表现仍可能逊于市场。</blockquote></p><p>Therefore, <i>we reiterate our Hold rating on NVDA</i> and urge investors to look elsewhere.</p><p><blockquote>因此，<i>我们重申对NVDA的持有评级</i>并敦促投资者将目光投向别处。</blockquote></p><p></body></html></p><p><blockquote></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>Nvidia: Execution Issues Surfacing Again With Its Downcast Q2 Guidance<blockquote>英伟达：第二季度指引下调，执行问题再次浮出水面</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia: Execution Issues Surfacing Again With Its Downcast Q2 Guidance<blockquote>英伟达：第二季度指引下调，执行问题再次浮出水面</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\">2022-08-09 23:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Summary</b></p><p><blockquote><html><head></head><body><b>总结</b></body></html></blockquote></p><p><ul><li>Nvidia shocked the market as it posted its Q2 prelim release that came in well below its previous guidance, particularly in gaming. Management has overstated its forecasting models tremendously.</li><li>We are disappointed that Nvidia didn&#39;t learn sufficiently from the previous downturn in 2018 with its overstated guidance. As a result, management has lost some credibility with us.</li><li>Broadcom warned in September 2021 that the current cycle was unsustainable. But, we have not observed such early warning in Nvidia&#39;s commentary. Therefore, execution is very poor.</li><li>We reiterate our Hold rating, as we believe NVDA could continue underperforming the market.</li></ul><b>Thesis</b></p><p><blockquote><ul><li>英伟达发布的第二季度prelim版本远低于之前的指导，尤其是在游戏领域，震惊了市场。管理层大大夸大了其预测模型。</li><li>我们感到失望的是，英伟达没有从2018年的经济低迷中充分吸取教训，其夸大了指导。结果，管理层在我们这里失去了一些信誉。</li><li>博通在2021年9月警告称，当前的周期是不可持续的。但是，我们在英伟达的评论中没有观察到这样的预警。因此，执行力很差。</li><li>我们重申持有评级，因为我们认为NVDA的表现可能会继续逊于市场。</li></ul><b>论文</b></blockquote></p><p>NVIDIA Corporation (NASDAQ:NVDA) stunned the market as it announced its Q2 preliminary results that came in well below its guidance and the Street&#39;s consensus. We highlighted in our previous article that NVIDIA could continue to underperform the market, even though we assessed that it was near its bottom.</p><p><blockquote>英伟达公司（纳斯达克股票代码：NVDA）公布的第二季度初步业绩远低于其指引和华尔街共识，震惊了市场。我们在上一篇文章中强调，英伟达的表现可能会继续逊于市场，尽管我们评估其已接近底部。</blockquote></p><p>While we expected NVDA to stage a short-term rally from its June lows, we didn&#39;t envisage NVDA to continue outperforming the market. Notably, NVDA has underperformed the Invesco QQQ ETF (QQQ) and the Technology ETF (XLK) over the past two months (even before yesterday&#39;s sell-off).</p><p><blockquote>虽然我们预计NVDA将从6月低点出现短期反弹，但我们并不认为NVDA会继续跑赢市场。值得注意的是，NVDA在过去两个月（甚至在昨天的抛售之前）的表现逊于景顺QQQ ETF(QQQ)和科技ETF(XLK)。</blockquote></p><p>We maintain our conviction that the market has materially de-rated NVDA, despite its battering from its November 2021 highs. Management has failed to convince us when chips are down that Nvidia could overcome the market&#39;s cyclical nature with its so-called &#34;secular&#34; opportunities.</p><p><blockquote>我们仍然相信，尽管NVDA的评级从2021年11月的高点遭受重创，但市场已大幅下调。当关键时刻到来时，管理层未能让我们相信英伟达可以通过其所谓的“长期”机会克服市场的周期性。</blockquote></p><p>Coupled with potentially slowing revenue growth and its steep growth premium, we urge investors to find other well-beaten down opportunities in growth and tech stocks to add exposure. Notwithstanding, we expect semis to have bottomed out and do not expect much further downside in NVDA. As a result, we urge investors not to sell in panic.</p><p><blockquote>再加上收入增长可能放缓及其陡峭的增长溢价，我们敦促投资者在成长股和科技股中寻找其他遭受重创的机会来增加投资。尽管如此，我们预计半成品已经触底，并且预计NVDA不会进一步下跌。因此，我们敦促投资者不要恐慌性抛售。</blockquote></p><p>Therefore, we reiterate our Hold rating on NVDA for now.</p><p><blockquote>因此，我们暂时重申对NVDA的持有评级。</blockquote></p><p><b>Nvidia Lost Credibility With Its Caution</b></p><p><blockquote><b>英伟达因其谨慎而失去了信誉</b></blockquote></p><p>We are shareholders of NVDA, which account for a reasonable weighting in our portfolio. Therefore, we consider the warning on its Q2 prelim release a massive disappointment but not unexpected.</p><p><blockquote>我们是NVDA的股东，NVDA在我们的投资组合中占有合理的权重。因此，我们认为其第二季度初步发布的警告令人非常失望，但并不意外。</blockquote></p><p>We vividly remember Broadcom (AVGO)CEO Hock Tan cautioned about the current semi downturn in September 2021, demonstrating his prescience and credibility. We also highlighted his comments in our article last year, as he accentuated:</p><p><blockquote>我们清楚地记得博通(AVGO)首席执行官Hock Tan在2021年9月对当前的经济低迷发出警告，证明了他的先见之明和可信度。我们还在去年的文章中强调了他的评论，他强调：</blockquote></p><p>And to answer your question point-blank, I do not see any specific drivers or reasons why the strength we see today is really nothing more than of an exaggerated up-cycle. We always go through a period of digestion. There&#39;s no way we can consume on all that forever. And that&#39;s what is called a cycle, particularly when we expect supply to come into play out of this - out of the current tightness, but dated back to 2020 to start coming in 2023. And the massive investment and CapEx will start deploying capacity in &#39;23 earliest. Then I see &#39;23 where we have supply. And I think digestion of demand might just start to occur. (Broadcom article)<img src=\"https://static.tigerbbs.com/66ac20e2b8ed62af8f2aeaa78f94ad5e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/></p><p><blockquote>直截了当地回答你的问题，我没有看到任何具体的驱动因素或原因，为什么我们今天看到的实力实际上只不过是一个夸大的上升周期。我们总是要经历一段消化期。我们不可能永远消耗这些。这就是所谓的周期，特别是当我们预计供应将从中发挥作用时——摆脱当前的紧张，但可以追溯到2020年，并将于2023年开始。巨额投资和资本支出最早将于23年开始部署产能。然后我看到23年我们有供应。我认为需求的消化可能才刚刚开始。（博通文章）</blockquote></p><p>Nvidia gaming and data center revenue change %(Company filings)</p><p><blockquote>Nvidia游戏和数据中心收入变化%（公司备案）</blockquote></p><p>Nvidia warned in its preliminary release for FQ2&#39;23that it expects to post revenue of $6.7B, up by just 3% YoY, down significantly from its previous outlook of $8.1B (up 24.4%).</p><p><blockquote>Nvidia在23年第二季度的初步发布中警告称，预计收入为$6.7 B，同比仅增长3%，远低于之前预期的$8.1 B（增长24.4%）。</blockquote></p><p>The main culprit is gaming, as Nvidia highlighted that it expects gaming to post a decline of 33.4%, as seen above, even though data center growth remains robust. However, Nvidia&#39;s gaming growth has already trended down consistently from its peak growth in FQ1&#39;22, as gaming started to lap challenging comps, complicated by the post-pandemic reopening.</p><p><blockquote>罪魁祸首是游戏，正如Nvidia强调的那样，尽管数据中心增长依然强劲，但预计游戏将下降33.4%，如上所示。然而，英伟达的游戏增长已经从22年第一季度的峰值增长开始持续下降，因为游戏开始应对充满挑战的竞争，而大流行后的重新开放使情况变得更加复杂。</blockquote></p><p>Furthermore, the destruction in crypto mining added to the headwinds in gaming cards ASPs, creating further challenges for Nvidia as it prepares to launch its RTX 40-series Ada Lovelace graphics.</p><p><blockquote>此外，加密货币挖矿的破坏增加了游戏卡ASP的阻力，为Nvidia准备推出RTX 40系列Ada Lovelace显卡带来了进一步的挑战。</blockquote></p><p>But, Nvidia has consistently maintained its &#34;strong&#34; belief in its gaming segment, often accentuating its strength and consistency. CEO Jensen Huang highlighted in a June conference that he expects gaming to continue posting robust growth cadence. He articulated:</p><p><blockquote>但是，英伟达始终保持其对游戏领域的“坚定”信念，经常强调其实力和一致性。首席执行官黄仁勋(Elon Musk)在6月份的一次会议上强调，他预计游戏行业将继续保持强劲的增长节奏。他明确表示：</blockquote></p><p>China is a significant market. Russia is a meaningful market for our gaming business. However, gaming remains solid even in the face of China and Russia. Q1 sell-through grew year-over-year over last year, which was a really fantastic year. And so gaming sell-through remains solid. (BofA 2022 Global Technology Conference)But, consider what Huang emphasized two months later in Nvidia&#39;s prelim release. He said:</p><p><blockquote>中国是一个重要的市场。俄罗斯是我们博彩业务的重要市场。然而，即使面对中国和俄罗斯，博彩仍保持稳健。第一季度的销售额比去年同比增长，这真是美妙的一年。因此游戏销量依然强劲。（美国银行2022年全球技术大会）但是，考虑一下黄在两个月后英伟达的初步发布中强调的内容。他说：</blockquote></p><p></p><p>Our gaming product sell-through projections declined significantly as the quarter progressed. As we expect the macroeconomic conditions affecting sell-through to continue, we took action with our Gaming partners to adjust channel prices and inventory. - NvidiaTherefore, we believe Huang &amp; team has lost some credibility with us. Moreover, it shows that the company overstated its forecasting models, resulting in weak execution. Given Nvidia&#39;s experience navigating the previous crypto downturn in 2018, we are highly disappointed with how management has managed its guidance heading into its Q2 prelim release.</p><p><blockquote>随着本季度的进展，我们的游戏产品销量预测大幅下降。由于我们预期影响销售的宏观经济状况将持续，我们与博彩合作夥伴采取行动调整渠道价格及库存。–NVIDIA因此，我们认为黄和团队已经失去了我们的一些信誉。此外，这表明该公司夸大了其预测模型，导致执行力薄弱。鉴于Nvidia在2018年应对加密货币低迷的经验，我们对管理层在第二季度初步发布前管理指导的方式感到非常失望。</blockquote></p><p><img src=\"https://static.tigerbbs.com/8cf57b7e1fc91128408275fb9e5712e2\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p>Nvidia pro viz and automotive revenue change %(Company filings)</p><p><blockquote>Nvidia pro viz和汽车收入变化百分比（公司文件）</blockquote></p><p>Nvidia&#39;s pro visualization segment&#39;s growth has also slowed down markedly, reflecting the weakness in its gaming segment. Therefore, the euphoria over the Omniverse opportunity has yet to gain significant traction. As a result, we urge investors to pay attention to its data center growth cadence moving forward, as it&#39;s critical to underpin NVDA&#39;s expensive valuation.</p><p><blockquote>英伟达专业可视化部门的增长也明显放缓，反映出其游戏部门的疲软。因此，对Omniverse机会的兴奋尚未获得显着的吸引力。因此，我们敦促投资者关注其数据中心未来的增长节奏，因为这对于支撑NVDA昂贵的估值至关重要。</blockquote></p><p>Automotive is the bright spot after tepid growth over the past four quarters. However, QUALCOMM (QCOM) remains confident that it&#39;s the leading player with its digital chassis, given the size of its design pipeline and growth momentum. Therefore, we urge Nvidia investors to pay close attention to Qualcomm&#39;s performance and not simply buy into Nvidia&#39;s commentary on its auto momentum.</p><p><blockquote>汽车行业在过去四个季度增长不温不火后成为亮点。然而，鉴于其设计渠道的规模和增长势头，高通(QCOM)仍然相信其数字机箱的领先企业。因此，我们敦促英伟达投资者密切关注高通的业绩，不要简单地相信英伟达对其汽车势头的评论。</blockquote></p><p>Qualcomm highlighted in a May conference that its digital chassis competes with Mobileye (INTC) directly, suggesting two of them are leading the pack, without mentioning Nvidia. Management also accentuated in its recent Q3 earnings that it has garnered more than $19B in its auto design pipeline, and delivered auto revenue of $350M, up 38% YoY. Furthermore, the company emphasized that its open platform helps spur adoption by auto OEMs. Therefore, Nvidia investors need to assess the competition from Qualcomm carefully.</p><p><blockquote>高通在5月份的一次会议上强调，其数字机箱直接与Mobileye(INTC)竞争，表明其中两家处于领先地位，但没有提及Nvidia。管理层还在最近的第三季度收益中强调，其汽车设计渠道已获得超过19B美元的收入，汽车收入为3.5亿美元，同比增长38%。此外，该公司强调其开放平台有助于刺激汽车原始设备制造商的采用。因此，英伟达投资者需要仔细评估来自高通的竞争。</blockquote></p><p><b>Is NVDA Stock A Buy, Sell, Or Hold?</b></p><p><blockquote><b>NVDA股票是买入、卖出还是持有？</b></blockquote></p><p>We are confident that NVDA has likely staged its medium-term bottom in June, in line with its semi peers.</p><p><blockquote>我们相信NVDA可能会在6月份出现中期底部，与其semi同行一致。</blockquote></p><p>But, growth and tech investors are spoilt for choice, given the tech bear market. Being at a bottom doesn&#39;t necessarily mean that investors should jump on the opportunity to add NVDA, as we believe it could still underperform the market.</p><p><blockquote>但是，考虑到科技熊市，成长型和科技投资者的选择太多了。处于底部并不一定意味着投资者应该抓住机会添加NVDA，因为我们认为它的表现仍可能逊于市场。</blockquote></p><p>Therefore, <i>we reiterate our Hold rating on NVDA</i> and urge investors to look elsewhere.</p><p><blockquote>因此，<i>我们重申对NVDA的持有评级</i>并敦促投资者将目光投向别处。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4531838-nvidia-execution-issues-surfacing-with-downcast-q2-guidance?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4531838-nvidia-execution-issues-surfacing-with-downcast-q2-guidance?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124255732","content_text":"SummaryNvidia shocked the market as it posted its Q2 prelim release that came in well below its previous guidance, particularly in gaming. Management has overstated its forecasting models tremendously.We are disappointed that Nvidia didn't learn sufficiently from the previous downturn in 2018 with its overstated guidance. As a result, management has lost some credibility with us.Broadcom warned in September 2021 that the current cycle was unsustainable. But, we have not observed such early warning in Nvidia's commentary. Therefore, execution is very poor.We reiterate our Hold rating, as we believe NVDA could continue underperforming the market.ThesisNVIDIA Corporation (NASDAQ:NVDA) stunned the market as it announced its Q2 preliminary results that came in well below its guidance and the Street's consensus. We highlighted in our previous article that NVIDIA could continue to underperform the market, even though we assessed that it was near its bottom.While we expected NVDA to stage a short-term rally from its June lows, we didn't envisage NVDA to continue outperforming the market. Notably, NVDA has underperformed the Invesco QQQ ETF (QQQ) and the Technology ETF (XLK) over the past two months (even before yesterday's sell-off).We maintain our conviction that the market has materially de-rated NVDA, despite its battering from its November 2021 highs. Management has failed to convince us when chips are down that Nvidia could overcome the market's cyclical nature with its so-called \"secular\" opportunities.Coupled with potentially slowing revenue growth and its steep growth premium, we urge investors to find other well-beaten down opportunities in growth and tech stocks to add exposure. Notwithstanding, we expect semis to have bottomed out and do not expect much further downside in NVDA. As a result, we urge investors not to sell in panic.Therefore, we reiterate our Hold rating on NVDA for now.Nvidia Lost Credibility With Its CautionWe are shareholders of NVDA, which account for a reasonable weighting in our portfolio. Therefore, we consider the warning on its Q2 prelim release a massive disappointment but not unexpected.We vividly remember Broadcom (AVGO)CEO Hock Tan cautioned about the current semi downturn in September 2021, demonstrating his prescience and credibility. We also highlighted his comments in our article last year, as he accentuated:And to answer your question point-blank, I do not see any specific drivers or reasons why the strength we see today is really nothing more than of an exaggerated up-cycle. We always go through a period of digestion. There's no way we can consume on all that forever. And that's what is called a cycle, particularly when we expect supply to come into play out of this - out of the current tightness, but dated back to 2020 to start coming in 2023. And the massive investment and CapEx will start deploying capacity in '23 earliest. Then I see '23 where we have supply. And I think digestion of demand might just start to occur. (Broadcom article)Nvidia gaming and data center revenue change %(Company filings)Nvidia warned in its preliminary release for FQ2'23that it expects to post revenue of $6.7B, up by just 3% YoY, down significantly from its previous outlook of $8.1B (up 24.4%).The main culprit is gaming, as Nvidia highlighted that it expects gaming to post a decline of 33.4%, as seen above, even though data center growth remains robust. However, Nvidia's gaming growth has already trended down consistently from its peak growth in FQ1'22, as gaming started to lap challenging comps, complicated by the post-pandemic reopening.Furthermore, the destruction in crypto mining added to the headwinds in gaming cards ASPs, creating further challenges for Nvidia as it prepares to launch its RTX 40-series Ada Lovelace graphics.But, Nvidia has consistently maintained its \"strong\" belief in its gaming segment, often accentuating its strength and consistency. CEO Jensen Huang highlighted in a June conference that he expects gaming to continue posting robust growth cadence. He articulated:China is a significant market. Russia is a meaningful market for our gaming business. However, gaming remains solid even in the face of China and Russia. Q1 sell-through grew year-over-year over last year, which was a really fantastic year. And so gaming sell-through remains solid. (BofA 2022 Global Technology Conference)But, consider what Huang emphasized two months later in Nvidia's prelim release. He said:Our gaming product sell-through projections declined significantly as the quarter progressed. As we expect the macroeconomic conditions affecting sell-through to continue, we took action with our Gaming partners to adjust channel prices and inventory. - NvidiaTherefore, we believe Huang & team has lost some credibility with us. Moreover, it shows that the company overstated its forecasting models, resulting in weak execution. Given Nvidia's experience navigating the previous crypto downturn in 2018, we are highly disappointed with how management has managed its guidance heading into its Q2 prelim release.Nvidia pro viz and automotive revenue change %(Company filings)Nvidia's pro visualization segment's growth has also slowed down markedly, reflecting the weakness in its gaming segment. Therefore, the euphoria over the Omniverse opportunity has yet to gain significant traction. As a result, we urge investors to pay attention to its data center growth cadence moving forward, as it's critical to underpin NVDA's expensive valuation.Automotive is the bright spot after tepid growth over the past four quarters. However, QUALCOMM (QCOM) remains confident that it's the leading player with its digital chassis, given the size of its design pipeline and growth momentum. Therefore, we urge Nvidia investors to pay close attention to Qualcomm's performance and not simply buy into Nvidia's commentary on its auto momentum.Qualcomm highlighted in a May conference that its digital chassis competes with Mobileye (INTC) directly, suggesting two of them are leading the pack, without mentioning Nvidia. Management also accentuated in its recent Q3 earnings that it has garnered more than $19B in its auto design pipeline, and delivered auto revenue of $350M, up 38% YoY. Furthermore, the company emphasized that its open platform helps spur adoption by auto OEMs. Therefore, Nvidia investors need to assess the competition from Qualcomm carefully.Is NVDA Stock A Buy, Sell, Or Hold?We are confident that NVDA has likely staged its medium-term bottom in June, in line with its semi peers.But, growth and tech investors are spoilt for choice, given the tech bear market. Being at a bottom doesn't necessarily mean that investors should jump on the opportunity to add NVDA, as we believe it could still underperform the market.Therefore, we reiterate our Hold rating on NVDA and urge investors to look elsewhere.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":3989,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":684918724,"gmtCreate":1660041786773,"gmtModify":1660042469709,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Tiger long!","listText":"Tiger long!","text":"Tiger long!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/684918724","repostId":"1124255732","repostType":4,"repost":{"id":"1124255732","kind":"news","pubTimestamp":1660059125,"share":"https://www.laohu8.com/m/news/1124255732?lang=zh_CN&edition=full","pubTime":"2022-08-09 23:32","market":"us","language":"en","title":"Nvidia: Execution Issues Surfacing Again With Its Downcast Q2 Guidance<blockquote>英伟达：第二季度指引下调，执行问题再次浮出水面</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124255732","media":"Seeking Alpha","summary":"SummaryNvidia shocked the market as it posted its Q2 prelim release that came in well below its prev","content":"<p><html><head></head><body><b>Summary</b></p><p><blockquote><html><head></head><body><b>总结</b></body></html></blockquote></p><p><ul><li>Nvidia shocked the market as it posted its Q2 prelim release that came in well below its previous guidance, particularly in gaming. Management has overstated its forecasting models tremendously.</li><li>We are disappointed that Nvidia didn&#39;t learn sufficiently from the previous downturn in 2018 with its overstated guidance. As a result, management has lost some credibility with us.</li><li>Broadcom warned in September 2021 that the current cycle was unsustainable. But, we have not observed such early warning in Nvidia&#39;s commentary. Therefore, execution is very poor.</li><li>We reiterate our Hold rating, as we believe NVDA could continue underperforming the market.</li></ul><b>Thesis</b></p><p><blockquote><ul><li>英伟达发布的第二季度prelim版本远低于之前的指导，尤其是在游戏领域，震惊了市场。管理层大大夸大了其预测模型。</li><li>我们感到失望的是，英伟达没有从2018年的经济低迷中充分吸取教训，其夸大了指导。结果，管理层在我们这里失去了一些信誉。</li><li>博通在2021年9月警告称，当前的周期是不可持续的。但是，我们在英伟达的评论中没有观察到这样的预警。因此，执行力很差。</li><li>我们重申持有评级，因为我们认为NVDA的表现可能会继续逊于市场。</li></ul><b>论文</b></blockquote></p><p>NVIDIA Corporation (NASDAQ:NVDA) stunned the market as it announced its Q2 preliminary results that came in well below its guidance and the Street&#39;s consensus. We highlighted in our previous article that NVIDIA could continue to underperform the market, even though we assessed that it was near its bottom.</p><p><blockquote>英伟达公司（纳斯达克股票代码：NVDA）公布的第二季度初步业绩远低于其指引和华尔街共识，震惊了市场。我们在上一篇文章中强调，英伟达的表现可能会继续逊于市场，尽管我们评估其已接近底部。</blockquote></p><p>While we expected NVDA to stage a short-term rally from its June lows, we didn&#39;t envisage NVDA to continue outperforming the market. Notably, NVDA has underperformed the Invesco QQQ ETF (QQQ) and the Technology ETF (XLK) over the past two months (even before yesterday&#39;s sell-off).</p><p><blockquote>虽然我们预计NVDA将从6月低点出现短期反弹，但我们并不认为NVDA会继续跑赢市场。值得注意的是，NVDA在过去两个月（甚至在昨天的抛售之前）的表现逊于景顺QQQ ETF(QQQ)和科技ETF(XLK)。</blockquote></p><p>We maintain our conviction that the market has materially de-rated NVDA, despite its battering from its November 2021 highs. Management has failed to convince us when chips are down that Nvidia could overcome the market&#39;s cyclical nature with its so-called &#34;secular&#34; opportunities.</p><p><blockquote>我们仍然相信，尽管NVDA的评级从2021年11月的高点遭受重创，但市场已大幅下调。当关键时刻到来时，管理层未能让我们相信英伟达可以通过其所谓的“长期”机会克服市场的周期性。</blockquote></p><p>Coupled with potentially slowing revenue growth and its steep growth premium, we urge investors to find other well-beaten down opportunities in growth and tech stocks to add exposure. Notwithstanding, we expect semis to have bottomed out and do not expect much further downside in NVDA. As a result, we urge investors not to sell in panic.</p><p><blockquote>再加上收入增长可能放缓及其陡峭的增长溢价，我们敦促投资者在成长股和科技股中寻找其他遭受重创的机会来增加投资。尽管如此，我们预计半成品已经触底，并且预计NVDA不会进一步下跌。因此，我们敦促投资者不要恐慌性抛售。</blockquote></p><p>Therefore, we reiterate our Hold rating on NVDA for now.</p><p><blockquote>因此，我们暂时重申对NVDA的持有评级。</blockquote></p><p><b>Nvidia Lost Credibility With Its Caution</b></p><p><blockquote><b>英伟达因其谨慎而失去了信誉</b></blockquote></p><p>We are shareholders of NVDA, which account for a reasonable weighting in our portfolio. Therefore, we consider the warning on its Q2 prelim release a massive disappointment but not unexpected.</p><p><blockquote>我们是NVDA的股东，NVDA在我们的投资组合中占有合理的权重。因此，我们认为其第二季度初步发布的警告令人非常失望，但并不意外。</blockquote></p><p>We vividly remember Broadcom (AVGO)CEO Hock Tan cautioned about the current semi downturn in September 2021, demonstrating his prescience and credibility. We also highlighted his comments in our article last year, as he accentuated:</p><p><blockquote>我们清楚地记得博通(AVGO)首席执行官Hock Tan在2021年9月对当前的经济低迷发出警告，证明了他的先见之明和可信度。我们还在去年的文章中强调了他的评论，他强调：</blockquote></p><p>And to answer your question point-blank, I do not see any specific drivers or reasons why the strength we see today is really nothing more than of an exaggerated up-cycle. We always go through a period of digestion. There&#39;s no way we can consume on all that forever. And that&#39;s what is called a cycle, particularly when we expect supply to come into play out of this - out of the current tightness, but dated back to 2020 to start coming in 2023. And the massive investment and CapEx will start deploying capacity in &#39;23 earliest. Then I see &#39;23 where we have supply. And I think digestion of demand might just start to occur. (Broadcom article)<img src=\"https://static.tigerbbs.com/66ac20e2b8ed62af8f2aeaa78f94ad5e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/></p><p><blockquote>直截了当地回答你的问题，我没有看到任何具体的驱动因素或原因，为什么我们今天看到的实力实际上只不过是一个夸大的上升周期。我们总是要经历一段消化期。我们不可能永远消耗这些。这就是所谓的周期，特别是当我们预计供应将从中发挥作用时——摆脱当前的紧张，但可以追溯到2020年，并将于2023年开始。巨额投资和资本支出最早将于23年开始部署产能。然后我看到23年我们有供应。我认为需求的消化可能才刚刚开始。（博通文章）</blockquote></p><p>Nvidia gaming and data center revenue change %(Company filings)</p><p><blockquote>Nvidia游戏和数据中心收入变化%（公司备案）</blockquote></p><p>Nvidia warned in its preliminary release for FQ2&#39;23that it expects to post revenue of $6.7B, up by just 3% YoY, down significantly from its previous outlook of $8.1B (up 24.4%).</p><p><blockquote>Nvidia在23年第二季度的初步发布中警告称，预计收入为$6.7 B，同比仅增长3%，远低于之前预期的$8.1 B（增长24.4%）。</blockquote></p><p>The main culprit is gaming, as Nvidia highlighted that it expects gaming to post a decline of 33.4%, as seen above, even though data center growth remains robust. However, Nvidia&#39;s gaming growth has already trended down consistently from its peak growth in FQ1&#39;22, as gaming started to lap challenging comps, complicated by the post-pandemic reopening.</p><p><blockquote>罪魁祸首是游戏，正如Nvidia强调的那样，尽管数据中心增长依然强劲，但预计游戏将下降33.4%，如上所示。然而，英伟达的游戏增长已经从22年第一季度的峰值增长开始持续下降，因为游戏开始应对充满挑战的竞争，而大流行后的重新开放使情况变得更加复杂。</blockquote></p><p>Furthermore, the destruction in crypto mining added to the headwinds in gaming cards ASPs, creating further challenges for Nvidia as it prepares to launch its RTX 40-series Ada Lovelace graphics.</p><p><blockquote>此外，加密货币挖矿的破坏增加了游戏卡ASP的阻力，为Nvidia准备推出RTX 40系列Ada Lovelace显卡带来了进一步的挑战。</blockquote></p><p>But, Nvidia has consistently maintained its &#34;strong&#34; belief in its gaming segment, often accentuating its strength and consistency. CEO Jensen Huang highlighted in a June conference that he expects gaming to continue posting robust growth cadence. He articulated:</p><p><blockquote>但是，英伟达始终保持其对游戏领域的“坚定”信念，经常强调其实力和一致性。首席执行官黄仁勋(Elon Musk)在6月份的一次会议上强调，他预计游戏行业将继续保持强劲的增长节奏。他明确表示：</blockquote></p><p>China is a significant market. Russia is a meaningful market for our gaming business. However, gaming remains solid even in the face of China and Russia. Q1 sell-through grew year-over-year over last year, which was a really fantastic year. And so gaming sell-through remains solid. (BofA 2022 Global Technology Conference)But, consider what Huang emphasized two months later in Nvidia&#39;s prelim release. He said:</p><p><blockquote>中国是一个重要的市场。俄罗斯是我们博彩业务的重要市场。然而，即使面对中国和俄罗斯，博彩仍保持稳健。第一季度的销售额比去年同比增长，这真是美妙的一年。因此游戏销量依然强劲。（美国银行2022年全球技术大会）但是，考虑一下黄在两个月后英伟达的初步发布中强调的内容。他说：</blockquote></p><p></p><p>Our gaming product sell-through projections declined significantly as the quarter progressed. As we expect the macroeconomic conditions affecting sell-through to continue, we took action with our Gaming partners to adjust channel prices and inventory. - NvidiaTherefore, we believe Huang &amp; team has lost some credibility with us. Moreover, it shows that the company overstated its forecasting models, resulting in weak execution. Given Nvidia&#39;s experience navigating the previous crypto downturn in 2018, we are highly disappointed with how management has managed its guidance heading into its Q2 prelim release.</p><p><blockquote>随着本季度的进展，我们的游戏产品销量预测大幅下降。由于我们预期影响销售的宏观经济状况将持续，我们与博彩合作夥伴采取行动调整渠道价格及库存。–NVIDIA因此，我们认为黄和团队已经失去了我们的一些信誉。此外，这表明该公司夸大了其预测模型，导致执行力薄弱。鉴于Nvidia在2018年应对加密货币低迷的经验，我们对管理层在第二季度初步发布前管理指导的方式感到非常失望。</blockquote></p><p><img src=\"https://static.tigerbbs.com/8cf57b7e1fc91128408275fb9e5712e2\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p>Nvidia pro viz and automotive revenue change %(Company filings)</p><p><blockquote>Nvidia pro viz和汽车收入变化百分比（公司文件）</blockquote></p><p>Nvidia&#39;s pro visualization segment&#39;s growth has also slowed down markedly, reflecting the weakness in its gaming segment. Therefore, the euphoria over the Omniverse opportunity has yet to gain significant traction. As a result, we urge investors to pay attention to its data center growth cadence moving forward, as it&#39;s critical to underpin NVDA&#39;s expensive valuation.</p><p><blockquote>英伟达专业可视化部门的增长也明显放缓，反映出其游戏部门的疲软。因此，对Omniverse机会的兴奋尚未获得显着的吸引力。因此，我们敦促投资者关注其数据中心未来的增长节奏，因为这对于支撑NVDA昂贵的估值至关重要。</blockquote></p><p>Automotive is the bright spot after tepid growth over the past four quarters. However, QUALCOMM (QCOM) remains confident that it&#39;s the leading player with its digital chassis, given the size of its design pipeline and growth momentum. Therefore, we urge Nvidia investors to pay close attention to Qualcomm&#39;s performance and not simply buy into Nvidia&#39;s commentary on its auto momentum.</p><p><blockquote>汽车行业在过去四个季度增长不温不火后成为亮点。然而，鉴于其设计渠道的规模和增长势头，高通(QCOM)仍然相信其数字机箱的领先企业。因此，我们敦促英伟达投资者密切关注高通的业绩，不要简单地相信英伟达对其汽车势头的评论。</blockquote></p><p>Qualcomm highlighted in a May conference that its digital chassis competes with Mobileye (INTC) directly, suggesting two of them are leading the pack, without mentioning Nvidia. Management also accentuated in its recent Q3 earnings that it has garnered more than $19B in its auto design pipeline, and delivered auto revenue of $350M, up 38% YoY. Furthermore, the company emphasized that its open platform helps spur adoption by auto OEMs. Therefore, Nvidia investors need to assess the competition from Qualcomm carefully.</p><p><blockquote>高通在5月份的一次会议上强调，其数字机箱直接与Mobileye(INTC)竞争，表明其中两家处于领先地位，但没有提及Nvidia。管理层还在最近的第三季度收益中强调，其汽车设计渠道已获得超过19B美元的收入，汽车收入为3.5亿美元，同比增长38%。此外，该公司强调其开放平台有助于刺激汽车原始设备制造商的采用。因此，英伟达投资者需要仔细评估来自高通的竞争。</blockquote></p><p><b>Is NVDA Stock A Buy, Sell, Or Hold?</b></p><p><blockquote><b>NVDA股票是买入、卖出还是持有？</b></blockquote></p><p>We are confident that NVDA has likely staged its medium-term bottom in June, in line with its semi peers.</p><p><blockquote>我们相信NVDA可能会在6月份出现中期底部，与其semi同行一致。</blockquote></p><p>But, growth and tech investors are spoilt for choice, given the tech bear market. Being at a bottom doesn&#39;t necessarily mean that investors should jump on the opportunity to add NVDA, as we believe it could still underperform the market.</p><p><blockquote>但是，考虑到科技熊市，成长型和科技投资者的选择太多了。处于底部并不一定意味着投资者应该抓住机会添加NVDA，因为我们认为它的表现仍可能逊于市场。</blockquote></p><p>Therefore, <i>we reiterate our Hold rating on NVDA</i> and urge investors to look elsewhere.</p><p><blockquote>因此，<i>我们重申对NVDA的持有评级</i>并敦促投资者将目光投向别处。</blockquote></p><p></body></html></p><p><blockquote></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>Nvidia: Execution Issues Surfacing Again With Its Downcast Q2 Guidance<blockquote>英伟达：第二季度指引下调，执行问题再次浮出水面</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia: Execution Issues Surfacing Again With Its Downcast Q2 Guidance<blockquote>英伟达：第二季度指引下调，执行问题再次浮出水面</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\">2022-08-09 23:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Summary</b></p><p><blockquote><html><head></head><body><b>总结</b></body></html></blockquote></p><p><ul><li>Nvidia shocked the market as it posted its Q2 prelim release that came in well below its previous guidance, particularly in gaming. Management has overstated its forecasting models tremendously.</li><li>We are disappointed that Nvidia didn&#39;t learn sufficiently from the previous downturn in 2018 with its overstated guidance. As a result, management has lost some credibility with us.</li><li>Broadcom warned in September 2021 that the current cycle was unsustainable. But, we have not observed such early warning in Nvidia&#39;s commentary. Therefore, execution is very poor.</li><li>We reiterate our Hold rating, as we believe NVDA could continue underperforming the market.</li></ul><b>Thesis</b></p><p><blockquote><ul><li>英伟达发布的第二季度prelim版本远低于之前的指导，尤其是在游戏领域，震惊了市场。管理层大大夸大了其预测模型。</li><li>我们感到失望的是，英伟达没有从2018年的经济低迷中充分吸取教训，其夸大了指导。结果，管理层在我们这里失去了一些信誉。</li><li>博通在2021年9月警告称，当前的周期是不可持续的。但是，我们在英伟达的评论中没有观察到这样的预警。因此，执行力很差。</li><li>我们重申持有评级，因为我们认为NVDA的表现可能会继续逊于市场。</li></ul><b>论文</b></blockquote></p><p>NVIDIA Corporation (NASDAQ:NVDA) stunned the market as it announced its Q2 preliminary results that came in well below its guidance and the Street&#39;s consensus. We highlighted in our previous article that NVIDIA could continue to underperform the market, even though we assessed that it was near its bottom.</p><p><blockquote>英伟达公司（纳斯达克股票代码：NVDA）公布的第二季度初步业绩远低于其指引和华尔街共识，震惊了市场。我们在上一篇文章中强调，英伟达的表现可能会继续逊于市场，尽管我们评估其已接近底部。</blockquote></p><p>While we expected NVDA to stage a short-term rally from its June lows, we didn&#39;t envisage NVDA to continue outperforming the market. Notably, NVDA has underperformed the Invesco QQQ ETF (QQQ) and the Technology ETF (XLK) over the past two months (even before yesterday&#39;s sell-off).</p><p><blockquote>虽然我们预计NVDA将从6月低点出现短期反弹，但我们并不认为NVDA会继续跑赢市场。值得注意的是，NVDA在过去两个月（甚至在昨天的抛售之前）的表现逊于景顺QQQ ETF(QQQ)和科技ETF(XLK)。</blockquote></p><p>We maintain our conviction that the market has materially de-rated NVDA, despite its battering from its November 2021 highs. Management has failed to convince us when chips are down that Nvidia could overcome the market&#39;s cyclical nature with its so-called &#34;secular&#34; opportunities.</p><p><blockquote>我们仍然相信，尽管NVDA的评级从2021年11月的高点遭受重创，但市场已大幅下调。当关键时刻到来时，管理层未能让我们相信英伟达可以通过其所谓的“长期”机会克服市场的周期性。</blockquote></p><p>Coupled with potentially slowing revenue growth and its steep growth premium, we urge investors to find other well-beaten down opportunities in growth and tech stocks to add exposure. Notwithstanding, we expect semis to have bottomed out and do not expect much further downside in NVDA. As a result, we urge investors not to sell in panic.</p><p><blockquote>再加上收入增长可能放缓及其陡峭的增长溢价，我们敦促投资者在成长股和科技股中寻找其他遭受重创的机会来增加投资。尽管如此，我们预计半成品已经触底，并且预计NVDA不会进一步下跌。因此，我们敦促投资者不要恐慌性抛售。</blockquote></p><p>Therefore, we reiterate our Hold rating on NVDA for now.</p><p><blockquote>因此，我们暂时重申对NVDA的持有评级。</blockquote></p><p><b>Nvidia Lost Credibility With Its Caution</b></p><p><blockquote><b>英伟达因其谨慎而失去了信誉</b></blockquote></p><p>We are shareholders of NVDA, which account for a reasonable weighting in our portfolio. Therefore, we consider the warning on its Q2 prelim release a massive disappointment but not unexpected.</p><p><blockquote>我们是NVDA的股东，NVDA在我们的投资组合中占有合理的权重。因此，我们认为其第二季度初步发布的警告令人非常失望，但并不意外。</blockquote></p><p>We vividly remember Broadcom (AVGO)CEO Hock Tan cautioned about the current semi downturn in September 2021, demonstrating his prescience and credibility. We also highlighted his comments in our article last year, as he accentuated:</p><p><blockquote>我们清楚地记得博通(AVGO)首席执行官Hock Tan在2021年9月对当前的经济低迷发出警告，证明了他的先见之明和可信度。我们还在去年的文章中强调了他的评论，他强调：</blockquote></p><p>And to answer your question point-blank, I do not see any specific drivers or reasons why the strength we see today is really nothing more than of an exaggerated up-cycle. We always go through a period of digestion. There&#39;s no way we can consume on all that forever. And that&#39;s what is called a cycle, particularly when we expect supply to come into play out of this - out of the current tightness, but dated back to 2020 to start coming in 2023. And the massive investment and CapEx will start deploying capacity in &#39;23 earliest. Then I see &#39;23 where we have supply. And I think digestion of demand might just start to occur. (Broadcom article)<img src=\"https://static.tigerbbs.com/66ac20e2b8ed62af8f2aeaa78f94ad5e\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/></p><p><blockquote>直截了当地回答你的问题，我没有看到任何具体的驱动因素或原因，为什么我们今天看到的实力实际上只不过是一个夸大的上升周期。我们总是要经历一段消化期。我们不可能永远消耗这些。这就是所谓的周期，特别是当我们预计供应将从中发挥作用时——摆脱当前的紧张，但可以追溯到2020年，并将于2023年开始。巨额投资和资本支出最早将于23年开始部署产能。然后我看到23年我们有供应。我认为需求的消化可能才刚刚开始。（博通文章）</blockquote></p><p>Nvidia gaming and data center revenue change %(Company filings)</p><p><blockquote>Nvidia游戏和数据中心收入变化%（公司备案）</blockquote></p><p>Nvidia warned in its preliminary release for FQ2&#39;23that it expects to post revenue of $6.7B, up by just 3% YoY, down significantly from its previous outlook of $8.1B (up 24.4%).</p><p><blockquote>Nvidia在23年第二季度的初步发布中警告称，预计收入为$6.7 B，同比仅增长3%，远低于之前预期的$8.1 B（增长24.4%）。</blockquote></p><p>The main culprit is gaming, as Nvidia highlighted that it expects gaming to post a decline of 33.4%, as seen above, even though data center growth remains robust. However, Nvidia&#39;s gaming growth has already trended down consistently from its peak growth in FQ1&#39;22, as gaming started to lap challenging comps, complicated by the post-pandemic reopening.</p><p><blockquote>罪魁祸首是游戏，正如Nvidia强调的那样，尽管数据中心增长依然强劲，但预计游戏将下降33.4%，如上所示。然而，英伟达的游戏增长已经从22年第一季度的峰值增长开始持续下降，因为游戏开始应对充满挑战的竞争，而大流行后的重新开放使情况变得更加复杂。</blockquote></p><p>Furthermore, the destruction in crypto mining added to the headwinds in gaming cards ASPs, creating further challenges for Nvidia as it prepares to launch its RTX 40-series Ada Lovelace graphics.</p><p><blockquote>此外，加密货币挖矿的破坏增加了游戏卡ASP的阻力，为Nvidia准备推出RTX 40系列Ada Lovelace显卡带来了进一步的挑战。</blockquote></p><p>But, Nvidia has consistently maintained its &#34;strong&#34; belief in its gaming segment, often accentuating its strength and consistency. CEO Jensen Huang highlighted in a June conference that he expects gaming to continue posting robust growth cadence. He articulated:</p><p><blockquote>但是，英伟达始终保持其对游戏领域的“坚定”信念，经常强调其实力和一致性。首席执行官黄仁勋(Elon Musk)在6月份的一次会议上强调，他预计游戏行业将继续保持强劲的增长节奏。他明确表示：</blockquote></p><p>China is a significant market. Russia is a meaningful market for our gaming business. However, gaming remains solid even in the face of China and Russia. Q1 sell-through grew year-over-year over last year, which was a really fantastic year. And so gaming sell-through remains solid. (BofA 2022 Global Technology Conference)But, consider what Huang emphasized two months later in Nvidia&#39;s prelim release. He said:</p><p><blockquote>中国是一个重要的市场。俄罗斯是我们博彩业务的重要市场。然而，即使面对中国和俄罗斯，博彩仍保持稳健。第一季度的销售额比去年同比增长，这真是美妙的一年。因此游戏销量依然强劲。（美国银行2022年全球技术大会）但是，考虑一下黄在两个月后英伟达的初步发布中强调的内容。他说：</blockquote></p><p></p><p>Our gaming product sell-through projections declined significantly as the quarter progressed. As we expect the macroeconomic conditions affecting sell-through to continue, we took action with our Gaming partners to adjust channel prices and inventory. - NvidiaTherefore, we believe Huang &amp; team has lost some credibility with us. Moreover, it shows that the company overstated its forecasting models, resulting in weak execution. Given Nvidia&#39;s experience navigating the previous crypto downturn in 2018, we are highly disappointed with how management has managed its guidance heading into its Q2 prelim release.</p><p><blockquote>随着本季度的进展，我们的游戏产品销量预测大幅下降。由于我们预期影响销售的宏观经济状况将持续，我们与博彩合作夥伴采取行动调整渠道价格及库存。–NVIDIA因此，我们认为黄和团队已经失去了我们的一些信誉。此外，这表明该公司夸大了其预测模型，导致执行力薄弱。鉴于Nvidia在2018年应对加密货币低迷的经验，我们对管理层在第二季度初步发布前管理指导的方式感到非常失望。</blockquote></p><p><img src=\"https://static.tigerbbs.com/8cf57b7e1fc91128408275fb9e5712e2\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p>Nvidia pro viz and automotive revenue change %(Company filings)</p><p><blockquote>Nvidia pro viz和汽车收入变化百分比（公司文件）</blockquote></p><p>Nvidia&#39;s pro visualization segment&#39;s growth has also slowed down markedly, reflecting the weakness in its gaming segment. Therefore, the euphoria over the Omniverse opportunity has yet to gain significant traction. As a result, we urge investors to pay attention to its data center growth cadence moving forward, as it&#39;s critical to underpin NVDA&#39;s expensive valuation.</p><p><blockquote>英伟达专业可视化部门的增长也明显放缓，反映出其游戏部门的疲软。因此，对Omniverse机会的兴奋尚未获得显着的吸引力。因此，我们敦促投资者关注其数据中心未来的增长节奏，因为这对于支撑NVDA昂贵的估值至关重要。</blockquote></p><p>Automotive is the bright spot after tepid growth over the past four quarters. However, QUALCOMM (QCOM) remains confident that it&#39;s the leading player with its digital chassis, given the size of its design pipeline and growth momentum. Therefore, we urge Nvidia investors to pay close attention to Qualcomm&#39;s performance and not simply buy into Nvidia&#39;s commentary on its auto momentum.</p><p><blockquote>汽车行业在过去四个季度增长不温不火后成为亮点。然而，鉴于其设计渠道的规模和增长势头，高通(QCOM)仍然相信其数字机箱的领先企业。因此，我们敦促英伟达投资者密切关注高通的业绩，不要简单地相信英伟达对其汽车势头的评论。</blockquote></p><p>Qualcomm highlighted in a May conference that its digital chassis competes with Mobileye (INTC) directly, suggesting two of them are leading the pack, without mentioning Nvidia. Management also accentuated in its recent Q3 earnings that it has garnered more than $19B in its auto design pipeline, and delivered auto revenue of $350M, up 38% YoY. Furthermore, the company emphasized that its open platform helps spur adoption by auto OEMs. Therefore, Nvidia investors need to assess the competition from Qualcomm carefully.</p><p><blockquote>高通在5月份的一次会议上强调，其数字机箱直接与Mobileye(INTC)竞争，表明其中两家处于领先地位，但没有提及Nvidia。管理层还在最近的第三季度收益中强调，其汽车设计渠道已获得超过19B美元的收入，汽车收入为3.5亿美元，同比增长38%。此外，该公司强调其开放平台有助于刺激汽车原始设备制造商的采用。因此，英伟达投资者需要仔细评估来自高通的竞争。</blockquote></p><p><b>Is NVDA Stock A Buy, Sell, Or Hold?</b></p><p><blockquote><b>NVDA股票是买入、卖出还是持有？</b></blockquote></p><p>We are confident that NVDA has likely staged its medium-term bottom in June, in line with its semi peers.</p><p><blockquote>我们相信NVDA可能会在6月份出现中期底部，与其semi同行一致。</blockquote></p><p>But, growth and tech investors are spoilt for choice, given the tech bear market. Being at a bottom doesn&#39;t necessarily mean that investors should jump on the opportunity to add NVDA, as we believe it could still underperform the market.</p><p><blockquote>但是，考虑到科技熊市，成长型和科技投资者的选择太多了。处于底部并不一定意味着投资者应该抓住机会添加NVDA，因为我们认为它的表现仍可能逊于市场。</blockquote></p><p>Therefore, <i>we reiterate our Hold rating on NVDA</i> and urge investors to look elsewhere.</p><p><blockquote>因此，<i>我们重申对NVDA的持有评级</i>并敦促投资者将目光投向别处。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4531838-nvidia-execution-issues-surfacing-with-downcast-q2-guidance?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4531838-nvidia-execution-issues-surfacing-with-downcast-q2-guidance?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124255732","content_text":"SummaryNvidia shocked the market as it posted its Q2 prelim release that came in well below its previous guidance, particularly in gaming. Management has overstated its forecasting models tremendously.We are disappointed that Nvidia didn't learn sufficiently from the previous downturn in 2018 with its overstated guidance. As a result, management has lost some credibility with us.Broadcom warned in September 2021 that the current cycle was unsustainable. But, we have not observed such early warning in Nvidia's commentary. Therefore, execution is very poor.We reiterate our Hold rating, as we believe NVDA could continue underperforming the market.ThesisNVIDIA Corporation (NASDAQ:NVDA) stunned the market as it announced its Q2 preliminary results that came in well below its guidance and the Street's consensus. We highlighted in our previous article that NVIDIA could continue to underperform the market, even though we assessed that it was near its bottom.While we expected NVDA to stage a short-term rally from its June lows, we didn't envisage NVDA to continue outperforming the market. Notably, NVDA has underperformed the Invesco QQQ ETF (QQQ) and the Technology ETF (XLK) over the past two months (even before yesterday's sell-off).We maintain our conviction that the market has materially de-rated NVDA, despite its battering from its November 2021 highs. Management has failed to convince us when chips are down that Nvidia could overcome the market's cyclical nature with its so-called \"secular\" opportunities.Coupled with potentially slowing revenue growth and its steep growth premium, we urge investors to find other well-beaten down opportunities in growth and tech stocks to add exposure. Notwithstanding, we expect semis to have bottomed out and do not expect much further downside in NVDA. As a result, we urge investors not to sell in panic.Therefore, we reiterate our Hold rating on NVDA for now.Nvidia Lost Credibility With Its CautionWe are shareholders of NVDA, which account for a reasonable weighting in our portfolio. Therefore, we consider the warning on its Q2 prelim release a massive disappointment but not unexpected.We vividly remember Broadcom (AVGO)CEO Hock Tan cautioned about the current semi downturn in September 2021, demonstrating his prescience and credibility. We also highlighted his comments in our article last year, as he accentuated:And to answer your question point-blank, I do not see any specific drivers or reasons why the strength we see today is really nothing more than of an exaggerated up-cycle. We always go through a period of digestion. There's no way we can consume on all that forever. And that's what is called a cycle, particularly when we expect supply to come into play out of this - out of the current tightness, but dated back to 2020 to start coming in 2023. And the massive investment and CapEx will start deploying capacity in '23 earliest. Then I see '23 where we have supply. And I think digestion of demand might just start to occur. (Broadcom article)Nvidia gaming and data center revenue change %(Company filings)Nvidia warned in its preliminary release for FQ2'23that it expects to post revenue of $6.7B, up by just 3% YoY, down significantly from its previous outlook of $8.1B (up 24.4%).The main culprit is gaming, as Nvidia highlighted that it expects gaming to post a decline of 33.4%, as seen above, even though data center growth remains robust. However, Nvidia's gaming growth has already trended down consistently from its peak growth in FQ1'22, as gaming started to lap challenging comps, complicated by the post-pandemic reopening.Furthermore, the destruction in crypto mining added to the headwinds in gaming cards ASPs, creating further challenges for Nvidia as it prepares to launch its RTX 40-series Ada Lovelace graphics.But, Nvidia has consistently maintained its \"strong\" belief in its gaming segment, often accentuating its strength and consistency. CEO Jensen Huang highlighted in a June conference that he expects gaming to continue posting robust growth cadence. He articulated:China is a significant market. Russia is a meaningful market for our gaming business. However, gaming remains solid even in the face of China and Russia. Q1 sell-through grew year-over-year over last year, which was a really fantastic year. And so gaming sell-through remains solid. (BofA 2022 Global Technology Conference)But, consider what Huang emphasized two months later in Nvidia's prelim release. He said:Our gaming product sell-through projections declined significantly as the quarter progressed. As we expect the macroeconomic conditions affecting sell-through to continue, we took action with our Gaming partners to adjust channel prices and inventory. - NvidiaTherefore, we believe Huang & team has lost some credibility with us. Moreover, it shows that the company overstated its forecasting models, resulting in weak execution. Given Nvidia's experience navigating the previous crypto downturn in 2018, we are highly disappointed with how management has managed its guidance heading into its Q2 prelim release.Nvidia pro viz and automotive revenue change %(Company filings)Nvidia's pro visualization segment's growth has also slowed down markedly, reflecting the weakness in its gaming segment. Therefore, the euphoria over the Omniverse opportunity has yet to gain significant traction. As a result, we urge investors to pay attention to its data center growth cadence moving forward, as it's critical to underpin NVDA's expensive valuation.Automotive is the bright spot after tepid growth over the past four quarters. However, QUALCOMM (QCOM) remains confident that it's the leading player with its digital chassis, given the size of its design pipeline and growth momentum. Therefore, we urge Nvidia investors to pay close attention to Qualcomm's performance and not simply buy into Nvidia's commentary on its auto momentum.Qualcomm highlighted in a May conference that its digital chassis competes with Mobileye (INTC) directly, suggesting two of them are leading the pack, without mentioning Nvidia. Management also accentuated in its recent Q3 earnings that it has garnered more than $19B in its auto design pipeline, and delivered auto revenue of $350M, up 38% YoY. Furthermore, the company emphasized that its open platform helps spur adoption by auto OEMs. Therefore, Nvidia investors need to assess the competition from Qualcomm carefully.Is NVDA Stock A Buy, Sell, Or Hold?We are confident that NVDA has likely staged its medium-term bottom in June, in line with its semi peers.But, growth and tech investors are spoilt for choice, given the tech bear market. Being at a bottom doesn't necessarily mean that investors should jump on the opportunity to add NVDA, as we believe it could still underperform the market.Therefore, we reiterate our Hold rating on NVDA and urge investors to look elsewhere.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":1891,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":682163507,"gmtCreate":1658842677311,"gmtModify":1658843986948,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"$20soon","listText":"$20soon","text":"$20soon","images":[{"img":"https://static.tigerbbs.com/89b282a1cfe65f28daed9c1dc7cd39fb","width":"750","height":"900"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/682163507","isVote":1,"tweetType":1,"viewCount":2708,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":699274131,"gmtCreate":1639826879663,"gmtModify":1639826892426,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Buy Long? Any comments?","listText":"Buy Long? Any comments?","text":"Buy Long? Any comments?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/699274131","repostId":"1122651573","repostType":4,"repost":{"id":"1122651573","kind":"news","pubTimestamp":1639800058,"share":"https://www.laohu8.com/m/news/1122651573?lang=zh_CN&edition=full","pubTime":"2021-12-18 12:00","market":"us","language":"en","title":"1 Unstoppable Stock to Buy Before 2022<blockquote>2022年之前值得购买的1只势不可挡的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122651573","media":"Motley Fool","summary":"Salesforce.com is one of the largest enterprise software companies, and it's led the customer relati","content":"<p><a href=\"https://laohu8.com/S/CRM\"><b>Salesforce.com</b></a>&nbsp;is one of the largest enterprise software companies, and it's led the customer relationship management (CRM) industry for eight consecutive years. As businesses continue to struggle with macroeconomic headwinds related labor shortages and supply chain disruptions, staying on good terms with customers will be crucial.</p><p><blockquote><a href=\"https://laohu8.com/S/CRM\"><b>Salesforce.com</b></a>是最大的企业软件公司之一，连续八年引领客户关系管理（CRM）行业。随着企业继续与劳动力短缺和供应链中断相关的宏观经济逆风作斗争，与客户保持良好关系至关重要。</blockquote></p><p> It also includes tools for analytics, data integration, low-code application development. So it really is this end-to-end solution. The goal is to give businesses the tools they need to attract leads, convert those leads into paying customers, and then build lasting relationships with those customers.</p><p><blockquote>它还包括用于分析、数据集成、低代码应用程序开发的工具。所以它确实是这种端到端的解决方案。目标是为企业提供吸引潜在客户所需的工具，将这些潜在客户转化为付费客户，然后与这些客户建立持久的关系。</blockquote></p><p> Additionally, Salesforce has this platform called Einstein, which is essentially an artificial intelligence layer that supercharges all of its other applications. For instance, Einstein help sales agents forecast conversion rates and prioritize the most promising leads, so it drives efficiency there. It helps commerce teams personalize the buyer experience and make relevant product recommendations on an e-commerce storefront. And I think that capacity for innovation is one of Salesforce's strongest assets.</p><p><blockquote>此外，Salesforce还有一个名为Einstein的平台，它本质上是一个人工智能层，可以增强其所有其他应用程序的能力。例如，爱因斯坦帮助销售代理预测转化率，并优先考虑最有前途的线索，因此它提高了效率。它帮助商务团队个性化买家体验，并在电子商务店面上推荐相关的产品。我认为创新能力是Salesforce最强大的资产之一。</blockquote></p><p> They were a pioneer in modern CRM. They were one of the first companies to deliver software from the cloud. They jumped on artificial intelligence quickly. Their platform even supports blockchain technology. They continue to stay at the cutting edge of these technologies. I think that's important. I mentioned in an earlier question, the CEO, Marc Benioff, he founded the company back in 1999. This would be a company where if Marc Benioff suddenly left, I would be concerned about Salesforce. If you were watching<i>Beat and Raise</i>show in the previous hour, the company actually named Bret Taylor a co-CEO. He will be working alongside Marc Benioff, and I think that's a great succession plan. Brian Withers and I were talking about that. It's good to see the company planning for the future.</p><p><blockquote>他们是现代客户关系管理的先驱。他们是首批从云中交付软件的公司之一。他们很快就跳上了人工智能。他们的平台甚至支持区块链技术。他们继续保持在这些技术的前沿。我觉得这很重要。我在之前的问题中提到过，首席执行官马克·贝尼奥夫(Marc Benioff)早在1999年就创立了这家公司。如果马克·贝尼奥夫突然离开，我会担心Salesforce。如果你在看<i>击败并加注</i>在前一个小时的节目中，该公司实际上任命布雷特·泰勒为联合首席执行官。他将和马克·贝尼奥夫一起工作，我认为这是一个伟大的继任计划。布莱恩·威瑟斯和我正在谈论这个。很高兴看到公司对未来的规划。</blockquote></p><p> One of the reasons I really like Salesforce, and I think they could do well during the holiday season, is that their software is relevant across virtually every industry. Building those customer relationships is important no matter of what you're selling or what industry you're in. Maintaining a strong relationship with your customers is important. I think -- given the current macroeconomic headwinds with supply chain difficulties, and labor shortages, and inflation, all of those things that may be headwinds for consumers -- I think maintaining those relationships is even more important than it normally is. And Salesforce is the clear leader here. The company has 19.5% market share in the CRM space. That is more than the next four competitors combined. Just a real dominant company.</p><p><blockquote>我真正喜欢Salesforce的原因之一，我认为他们可以在假期做得很好，是他们的软件几乎与每个行业都相关。无论你卖什么或者你在哪个行业，建立这些客户关系都很重要。与客户保持牢固的关系非常重要。我认为——考虑到当前供应链困难、劳动力短缺和通货膨胀等宏观经济逆风，所有这些可能对消费者来说都是逆风——我认为维持这些关系比平时更加重要。Salesforce显然是这方面的领导者。该公司在CRM领域拥有19.5%的市场份额。这比接下来四个竞争对手的总和还要多。只是一家真正占主导地位的公司。</blockquote></p><p> I mentioned they have that innovative, founder-led management team. This is another company with a strong workplace culture. If you look at Glassdoor, 89% of employees would recommend the company to a friend, 96% approve of the CEO, Marc Benioff. I think that speaks very highly of the type of workplace environment they've created.</p><p><blockquote>我提到他们有一个创新的、由创始人领导的管理团队。这是另一家拥有浓厚职场文化的公司。如果你看看Glassdoor，89%的员工会向朋友推荐该公司，96%的员工认可首席执行官马克·贝尼奥夫(Marc Benioff)。我认为这高度评价了他们创造的工作环境。</blockquote></p><p> The financial performance is consistently impressive. Over the past year -- this is through the second quarter, this does not include the results that Salesforce just released two hours ago --. but through the second quarter, the company's revenue was $23.5 billion, up 21%. They generated $5.5 billion in free cash flow; that was up 57%.</p><p><blockquote>财务业绩一直令人印象深刻。过去一年（截至第二季度），这还不包括Salesforce两小时前刚刚发布的业绩。但截至第二季度，该公司营收为235亿美元，增长21%。他们产生了55亿美元的自由现金流；上涨了57%。</blockquote></p><p> Just to cap all that, Salesforce is, in terms of enterprise software companies, it is the fastest-growing enterprise software company in history. It was the first to reach $5 billion&nbsp; in annualized revenue. It was the first to reach $10 billion. It recently became the first to reach $20 billion, and Benioff has said the company will reach $50 billion, I believe, by 2026. If that happens on that timeline, it will also be the first company to achieve that milestone. It will be the fastest company to achieve that milestone. An enormous company, but I still think there's plenty of potential here for shareholders, and I certainly think the holiday season could be a short-term catalyst.</p><p><blockquote>最重要的是，就企业软件公司而言，Salesforce是历史上发展最快的企业软件公司。它是第一个年化收入达到50亿美元的公司。是第一个达到100亿美元的。它最近成为第一家达到200亿美元的公司，贝尼奥夫表示，我相信该公司到2026年将达到500亿美元。如果这发生在这个时间表上，它也将是第一家实现这一里程碑的公司。它将是最快实现这一里程碑的公司。这是一家庞大的公司，但我仍然认为股东有很大的潜力，而且我当然认为假期可能是一个短期催化剂。</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>1 Unstoppable Stock to Buy Before 2022<blockquote>2022年之前值得购买的1只势不可挡的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n1 Unstoppable Stock to Buy Before 2022<blockquote>2022年之前值得购买的1只势不可挡的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-18 12:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/CRM\"><b>Salesforce.com</b></a>&nbsp;is one of the largest enterprise software companies, and it's led the customer relationship management (CRM) industry for eight consecutive years. As businesses continue to struggle with macroeconomic headwinds related labor shortages and supply chain disruptions, staying on good terms with customers will be crucial.</p><p><blockquote><a href=\"https://laohu8.com/S/CRM\"><b>Salesforce.com</b></a>是最大的企业软件公司之一，连续八年引领客户关系管理（CRM）行业。随着企业继续与劳动力短缺和供应链中断相关的宏观经济逆风作斗争，与客户保持良好关系至关重要。</blockquote></p><p> It also includes tools for analytics, data integration, low-code application development. So it really is this end-to-end solution. The goal is to give businesses the tools they need to attract leads, convert those leads into paying customers, and then build lasting relationships with those customers.</p><p><blockquote>它还包括用于分析、数据集成、低代码应用程序开发的工具。所以它确实是这种端到端的解决方案。目标是为企业提供吸引潜在客户所需的工具，将这些潜在客户转化为付费客户，然后与这些客户建立持久的关系。</blockquote></p><p> Additionally, Salesforce has this platform called Einstein, which is essentially an artificial intelligence layer that supercharges all of its other applications. For instance, Einstein help sales agents forecast conversion rates and prioritize the most promising leads, so it drives efficiency there. It helps commerce teams personalize the buyer experience and make relevant product recommendations on an e-commerce storefront. And I think that capacity for innovation is one of Salesforce's strongest assets.</p><p><blockquote>此外，Salesforce还有一个名为Einstein的平台，它本质上是一个人工智能层，可以增强其所有其他应用程序的能力。例如，爱因斯坦帮助销售代理预测转化率，并优先考虑最有前途的线索，因此它提高了效率。它帮助商务团队个性化买家体验，并在电子商务店面上推荐相关的产品。我认为创新能力是Salesforce最强大的资产之一。</blockquote></p><p> They were a pioneer in modern CRM. They were one of the first companies to deliver software from the cloud. They jumped on artificial intelligence quickly. Their platform even supports blockchain technology. They continue to stay at the cutting edge of these technologies. I think that's important. I mentioned in an earlier question, the CEO, Marc Benioff, he founded the company back in 1999. This would be a company where if Marc Benioff suddenly left, I would be concerned about Salesforce. If you were watching<i>Beat and Raise</i>show in the previous hour, the company actually named Bret Taylor a co-CEO. He will be working alongside Marc Benioff, and I think that's a great succession plan. Brian Withers and I were talking about that. It's good to see the company planning for the future.</p><p><blockquote>他们是现代客户关系管理的先驱。他们是首批从云中交付软件的公司之一。他们很快就跳上了人工智能。他们的平台甚至支持区块链技术。他们继续保持在这些技术的前沿。我觉得这很重要。我在之前的问题中提到过，首席执行官马克·贝尼奥夫(Marc Benioff)早在1999年就创立了这家公司。如果马克·贝尼奥夫突然离开，我会担心Salesforce。如果你在看<i>击败并加注</i>在前一个小时的节目中，该公司实际上任命布雷特·泰勒为联合首席执行官。他将和马克·贝尼奥夫一起工作，我认为这是一个伟大的继任计划。布莱恩·威瑟斯和我正在谈论这个。很高兴看到公司对未来的规划。</blockquote></p><p> One of the reasons I really like Salesforce, and I think they could do well during the holiday season, is that their software is relevant across virtually every industry. Building those customer relationships is important no matter of what you're selling or what industry you're in. Maintaining a strong relationship with your customers is important. I think -- given the current macroeconomic headwinds with supply chain difficulties, and labor shortages, and inflation, all of those things that may be headwinds for consumers -- I think maintaining those relationships is even more important than it normally is. And Salesforce is the clear leader here. The company has 19.5% market share in the CRM space. That is more than the next four competitors combined. Just a real dominant company.</p><p><blockquote>我真正喜欢Salesforce的原因之一，我认为他们可以在假期做得很好，是他们的软件几乎与每个行业都相关。无论你卖什么或者你在哪个行业，建立这些客户关系都很重要。与客户保持牢固的关系非常重要。我认为——考虑到当前供应链困难、劳动力短缺和通货膨胀等宏观经济逆风，所有这些可能对消费者来说都是逆风——我认为维持这些关系比平时更加重要。Salesforce显然是这方面的领导者。该公司在CRM领域拥有19.5%的市场份额。这比接下来四个竞争对手的总和还要多。只是一家真正占主导地位的公司。</blockquote></p><p> I mentioned they have that innovative, founder-led management team. This is another company with a strong workplace culture. If you look at Glassdoor, 89% of employees would recommend the company to a friend, 96% approve of the CEO, Marc Benioff. I think that speaks very highly of the type of workplace environment they've created.</p><p><blockquote>我提到他们有一个创新的、由创始人领导的管理团队。这是另一家拥有浓厚职场文化的公司。如果你看看Glassdoor，89%的员工会向朋友推荐该公司，96%的员工认可首席执行官马克·贝尼奥夫(Marc Benioff)。我认为这高度评价了他们创造的工作环境。</blockquote></p><p> The financial performance is consistently impressive. Over the past year -- this is through the second quarter, this does not include the results that Salesforce just released two hours ago --. but through the second quarter, the company's revenue was $23.5 billion, up 21%. They generated $5.5 billion in free cash flow; that was up 57%.</p><p><blockquote>财务业绩一直令人印象深刻。过去一年（截至第二季度），这还不包括Salesforce两小时前刚刚发布的业绩。但截至第二季度，该公司营收为235亿美元，增长21%。他们产生了55亿美元的自由现金流；上涨了57%。</blockquote></p><p> Just to cap all that, Salesforce is, in terms of enterprise software companies, it is the fastest-growing enterprise software company in history. It was the first to reach $5 billion&nbsp; in annualized revenue. It was the first to reach $10 billion. It recently became the first to reach $20 billion, and Benioff has said the company will reach $50 billion, I believe, by 2026. If that happens on that timeline, it will also be the first company to achieve that milestone. It will be the fastest company to achieve that milestone. An enormous company, but I still think there's plenty of potential here for shareholders, and I certainly think the holiday season could be a short-term catalyst.</p><p><blockquote>最重要的是，就企业软件公司而言，Salesforce是历史上发展最快的企业软件公司。它是第一个年化收入达到50亿美元的公司。是第一个达到100亿美元的。它最近成为第一家达到200亿美元的公司，贝尼奥夫表示，我相信该公司到2026年将达到500亿美元。如果这发生在这个时间表上，它也将是第一家实现这一里程碑的公司。它将是最快实现这一里程碑的公司。这是一家庞大的公司，但我仍然认为股东有很大的潜力，而且我当然认为假期可能是一个短期催化剂。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/17/1-unstoppable-stock-to-buy-before-2022/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRM":"赛富时"},"source_url":"https://www.fool.com/investing/2021/12/17/1-unstoppable-stock-to-buy-before-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122651573","content_text":"Salesforce.com is one of the largest enterprise software companies, and it's led the customer relationship management (CRM) industry for eight consecutive years. As businesses continue to struggle with macroeconomic headwinds related labor shortages and supply chain disruptions, staying on good terms with customers will be crucial.\nIt also includes tools for analytics, data integration, low-code application development. So it really is this end-to-end solution. The goal is to give businesses the tools they need to attract leads, convert those leads into paying customers, and then build lasting relationships with those customers.\nAdditionally, Salesforce has this platform called Einstein, which is essentially an artificial intelligence layer that supercharges all of its other applications. For instance, Einstein help sales agents forecast conversion rates and prioritize the most promising leads, so it drives efficiency there. It helps commerce teams personalize the buyer experience and make relevant product recommendations on an e-commerce storefront. And I think that capacity for innovation is one of Salesforce's strongest assets.\nThey were a pioneer in modern CRM. They were one of the first companies to deliver software from the cloud. They jumped on artificial intelligence quickly. Their platform even supports blockchain technology. They continue to stay at the cutting edge of these technologies. I think that's important. I mentioned in an earlier question, the CEO, Marc Benioff, he founded the company back in 1999. This would be a company where if Marc Benioff suddenly left, I would be concerned about Salesforce. If you were watchingBeat and Raiseshow in the previous hour, the company actually named Bret Taylor a co-CEO. He will be working alongside Marc Benioff, and I think that's a great succession plan. Brian Withers and I were talking about that. It's good to see the company planning for the future.\nOne of the reasons I really like Salesforce, and I think they could do well during the holiday season, is that their software is relevant across virtually every industry. Building those customer relationships is important no matter of what you're selling or what industry you're in. Maintaining a strong relationship with your customers is important. I think -- given the current macroeconomic headwinds with supply chain difficulties, and labor shortages, and inflation, all of those things that may be headwinds for consumers -- I think maintaining those relationships is even more important than it normally is. And Salesforce is the clear leader here. The company has 19.5% market share in the CRM space. That is more than the next four competitors combined. Just a real dominant company.\nI mentioned they have that innovative, founder-led management team. This is another company with a strong workplace culture. If you look at Glassdoor, 89% of employees would recommend the company to a friend, 96% approve of the CEO, Marc Benioff. I think that speaks very highly of the type of workplace environment they've created.\nThe financial performance is consistently impressive. Over the past year -- this is through the second quarter, this does not include the results that Salesforce just released two hours ago --. but through the second quarter, the company's revenue was $23.5 billion, up 21%. They generated $5.5 billion in free cash flow; that was up 57%.\nJust to cap all that, Salesforce is, in terms of enterprise software companies, it is the fastest-growing enterprise software company in history. It was the first to reach $5 billion  in annualized revenue. It was the first to reach $10 billion. It recently became the first to reach $20 billion, and Benioff has said the company will reach $50 billion, I believe, by 2026. If that happens on that timeline, it will also be the first company to achieve that milestone. It will be the fastest company to achieve that milestone. An enormous company, but I still think there's plenty of potential here for shareholders, and I certainly think the holiday season could be a short-term catalyst.","news_type":1,"symbols_score_info":{"CRM":0.9}},"isVote":1,"tweetType":1,"viewCount":1898,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699333131,"gmtCreate":1639747355537,"gmtModify":1639747384450,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Fools again&nbsp;","listText":"Fools again&nbsp;","text":"Fools again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/699333131","repostId":"2192497854","repostType":4,"isVote":1,"tweetType":1,"viewCount":1674,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690894190,"gmtCreate":1639652559555,"gmtModify":1639652626045,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Lucid buy along! Will not regret.&nbsp;","listText":"Lucid buy along! Will not regret.&nbsp;","text":"Lucid buy along! Will not regret.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/690894190","repostId":"1190976291","repostType":4,"repost":{"id":"1190976291","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639645564,"share":"https://www.laohu8.com/m/news/1190976291?lang=zh_CN&edition=full","pubTime":"2021-12-16 17:06","market":"us","language":"en","title":"EV stocks soared in premarket trading, with Canoe jumping over 5%,and Rivian,Tesla,Lucid,Xpeng jumping over 2%<blockquote>电动汽车股盘前交易飙升，Canoe涨超5%，Rivian、特斯拉、Lucid、小鹏汽车涨超2%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1190976291","media":"Tiger Newspress","summary":"EV stocks soared in premarket trading, with Canoe jumping over 5%,and Rivian,Tesla,Lucid,Xpeng jumpi","content":"<p>EV stocks soared in premarket trading, with Canoe jumping over 5%,and Rivian,Tesla,Lucid,Xpeng jumping over 2%.<img src=\"https://static.tigerbbs.com/4dff46b3a87591d45993089709370d13\" tg-width=\"283\" tg-height=\"473\" width=\"100%\" height=\"auto\">Rivian&nbsp;will announce Thursday that it’s building a $5 billion battery and assembly plant east of Atlanta that’s projected to employ 7,500 workers, sources briefed on the decision told The Associated Press.</p><p><blockquote>电动汽车股在盘前交易中飙升，Canoe上涨超过5%，Rivian、特斯拉、Lucid、小鹏汽车上涨超过2%。了解该决定的消息人士告诉美联社，Rivian将于周四宣布，将在亚特兰大东部建造一座耗资50亿美元的电池和装配厂，预计将雇用7,500名工人。</blockquote></p><p> Canoo plans&nbsp;to accelerate and now shift production of its breakthrough EVs from Europe to U.S., commence manufacturing at its advanced industrialization facility planned for&nbsp;Northwest Arkansas&nbsp;and remains on target to bring online its Mega Micro factory in&nbsp;Pryor, Oklahoma&nbsp;in late 2023.</p><p><blockquote>Canoo计划加速其突破性电动汽车的生产，现在将其突破性电动汽车的生产从欧洲转移到美国，在其计划于阿肯色州西北部的先进工业化工厂开始生产，并仍有望于2023年底在俄克拉荷马州普赖尔的大型微型工厂上线。</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>EV stocks soared in premarket trading, with Canoe jumping over 5%,and Rivian,Tesla,Lucid,Xpeng jumping over 2%<blockquote>电动汽车股盘前交易飙升，Canoe涨超5%，Rivian、特斯拉、Lucid、小鹏汽车涨超2%</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\">\nEV stocks soared in premarket trading, with Canoe jumping over 5%,and Rivian,Tesla,Lucid,Xpeng jumping over 2%<blockquote>电动汽车股盘前交易飙升，Canoe涨超5%，Rivian、特斯拉、Lucid、小鹏汽车涨超2%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-16 17:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>EV stocks soared in premarket trading, with Canoe jumping over 5%,and Rivian,Tesla,Lucid,Xpeng jumping over 2%.<img src=\"https://static.tigerbbs.com/4dff46b3a87591d45993089709370d13\" tg-width=\"283\" tg-height=\"473\" width=\"100%\" height=\"auto\">Rivian&nbsp;will announce Thursday that it’s building a $5 billion battery and assembly plant east of Atlanta that’s projected to employ 7,500 workers, sources briefed on the decision told The Associated Press.</p><p><blockquote>电动汽车股在盘前交易中飙升，Canoe上涨超过5%，Rivian、特斯拉、Lucid、小鹏汽车上涨超过2%。了解该决定的消息人士告诉美联社，Rivian将于周四宣布，将在亚特兰大东部建造一座耗资50亿美元的电池和装配厂，预计将雇用7,500名工人。</blockquote></p><p> Canoo plans&nbsp;to accelerate and now shift production of its breakthrough EVs from Europe to U.S., commence manufacturing at its advanced industrialization facility planned for&nbsp;Northwest Arkansas&nbsp;and remains on target to bring online its Mega Micro factory in&nbsp;Pryor, Oklahoma&nbsp;in late 2023.</p><p><blockquote>Canoo计划加速其突破性电动汽车的生产，现在将其突破性电动汽车的生产从欧洲转移到美国，在其计划于阿肯色州西北部的先进工业化工厂开始生产，并仍有望于2023年底在俄克拉荷马州普赖尔的大型微型工厂上线。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","XPEV":"小鹏汽车","RIVN":"Rivian Automotive, Inc.","LCID":"Lucid Group Inc"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190976291","content_text":"EV stocks soared in premarket trading, with Canoe jumping over 5%,and Rivian,Tesla,Lucid,Xpeng jumping over 2%.Rivian will announce Thursday that it’s building a $5 billion battery and assembly plant east of Atlanta that’s projected to employ 7,500 workers, sources briefed on the decision told The Associated Press.\nCanoo plans to accelerate and now shift production of its breakthrough EVs from Europe to U.S., commence manufacturing at its advanced industrialization facility planned for Northwest Arkansas and remains on target to bring online its Mega Micro factory in Pryor, Oklahoma in late 2023.","news_type":1,"symbols_score_info":{"GOEV":0.9,"TSLA":0.9,"LCID":0.9,"RIVN":0.9,"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":1785,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690895457,"gmtCreate":1639652509038,"gmtModify":1639652521785,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Elon Musk plot?","listText":"Elon Musk plot?","text":"Elon Musk plot?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690895457","repostId":"1174747764","repostType":4,"repost":{"id":"1174747764","kind":"news","pubTimestamp":1639648142,"share":"https://www.laohu8.com/m/news/1174747764?lang=zh_CN&edition=full","pubTime":"2021-12-16 17:49","market":"us","language":"en","title":"Tesla Bags Top-Rated EV Badge From Edmunds, Rivian Gets Editor's Choice Crown<blockquote>特斯拉获得埃德蒙兹顶级电动汽车徽章，Rivian获得编辑选择桂冠</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1174747764","media":"Benzinga","summary":"Tesla Inc and Rivian Automotive Inc have secured top awards from automotive research agency Edmunds ","content":"<p><div> Tesla Inc and Rivian Automotive Inc have secured top awards from automotive research agency Edmunds as part of its 2022 rankings. What Happened: Tesla’s affordable, compact sedan Model 3 has been ...</p><p><blockquote><div>特斯拉公司和Rivian汽车公司获得了汽车研究机构埃德蒙兹2022年排名的最高奖项。发生了什么：特斯拉经济实惠的紧凑型轿车Model 3已经……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/12/24637741/tesla-bags-top-rated-ev-badge-from-edmunds-rivian-gets-editors-choice-crown\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/12/24637741/tesla-bags-top-rated-ev-badge-from-edmunds-rivian-gets-editors-choice-crown\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Bags Top-Rated EV Badge From Edmunds, Rivian Gets Editor's Choice Crown<blockquote>特斯拉获得埃德蒙兹顶级电动汽车徽章，Rivian获得编辑选择桂冠</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\">\nTesla Bags Top-Rated EV Badge From Edmunds, Rivian Gets Editor's Choice Crown<blockquote>特斯拉获得埃德蒙兹顶级电动汽车徽章，Rivian获得编辑选择桂冠</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-12-16 17:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Tesla Inc and Rivian Automotive Inc have secured top awards from automotive research agency Edmunds as part of its 2022 rankings. What Happened: Tesla’s affordable, compact sedan Model 3 has been ...</p><p><blockquote><div>特斯拉公司和Rivian汽车公司获得了汽车研究机构埃德蒙兹2022年排名的最高奖项。发生了什么：特斯拉经济实惠的紧凑型轿车Model 3已经……</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/12/24637741/tesla-bags-top-rated-ev-badge-from-edmunds-rivian-gets-editors-choice-crown\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/12/24637741/tesla-bags-top-rated-ev-badge-from-edmunds-rivian-gets-editors-choice-crown\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/12/24637741/tesla-bags-top-rated-ev-badge-from-edmunds-rivian-gets-editors-choice-crown\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","RIVN":"Rivian Automotive, Inc."},"source_url":"https://www.benzinga.com/news/21/12/24637741/tesla-bags-top-rated-ev-badge-from-edmunds-rivian-gets-editors-choice-crown","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174747764","content_text":"Tesla Inc and Rivian Automotive Inc have secured top awards from automotive research agency Edmunds as part of its 2022 rankings.\nWhat Happened: Tesla’s affordable, compact sedan Model 3 has been named the top-rated electric vehicle of the year and the recently launched R1T electric pickup truck from Rivian has been crowned the editor’s choice award.\nModel 3 has now bagged the title for three years in a row, the research agency said.\n“The first all-electric pickup truck to market, it offers an impressive combination of on- and off-road performance, cutting-edge technology and thoughtful utility,” Edmunds said on why R1T bagged editor’s choice award.\nThe recently-listed Rivian is backed by Amazon.com Inc and Ford Motor Co. The pre-revenue electric automaker has delivered just 156 electric vehicles but has secured a higher valuation than legacy rivals Ford and General Motors Co.\nThe development comes on the heels of Tesla CEO Elon Musk securing two back-to-back Person of The Year awards this week.\nAuthor's Take:Tesla has disrupted the automotive sector with electric vehicles despite resistance from traditional players.\nThose results are now showing as the entire industry, under pressure from governments and consumers, is taking big steps to shift to an all-electric future.\nPrice Action:Tesla shares closed 1.82% higher at $975.99 a share on Wednesday.","news_type":1,"symbols_score_info":{"TSLA":0.9,"RIVN":0.9}},"isVote":1,"tweetType":1,"viewCount":1309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607435676,"gmtCreate":1639577149941,"gmtModify":1639577162504,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Cut losses?&nbsp;","listText":"Cut losses?&nbsp;","text":"Cut losses?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607435676","repostId":"1159129266","repostType":4,"repost":{"id":"1159129266","kind":"news","pubTimestamp":1639570274,"share":"https://www.laohu8.com/m/news/1159129266?lang=zh_CN&edition=full","pubTime":"2021-12-15 20:11","market":"us","language":"en","title":"Cathie Wood's Ark Has Nearly Exited Its Boeing Position<blockquote>凯西·伍德(Cathie Wood)的方舟几乎退出了波音公司的地位</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159129266","media":"Benzinga","summary":"Cathie Wood-led Ark Invest has nearly cut all its exposure in Boeing Co and now owns just 100 shares","content":"<p><div> Cathie Wood-led Ark Invest has nearly cut all its exposure in Boeing Co and now owns just 100 shares in the Chicago-based planemaker, data from the popular money manager’s daily trades reveal. The St....</p><p><blockquote><div>凯西·伍德(Cathie Wood)领导的Ark Invest几乎削减了其在波音公司的所有投资，目前仅持有这家总部位于芝加哥的飞机制造商100股股票。圣....</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/12/24614660/cathie-woods-ark-has-nearly-exited-its-boeing-position\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/12/24614660/cathie-woods-ark-has-nearly-exited-its-boeing-position\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Ark Has Nearly Exited Its Boeing Position<blockquote>凯西·伍德(Cathie Wood)的方舟几乎退出了波音公司的地位</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\">\nCathie Wood's Ark Has Nearly Exited Its Boeing Position<blockquote>凯西·伍德(Cathie Wood)的方舟几乎退出了波音公司的地位</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-12-15 20:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Cathie Wood-led Ark Invest has nearly cut all its exposure in Boeing Co and now owns just 100 shares in the Chicago-based planemaker, data from the popular money manager’s daily trades reveal. The St....</p><p><blockquote><div>凯西·伍德(Cathie Wood)领导的Ark Invest几乎削减了其在波音公司的所有投资，目前仅持有这家总部位于芝加哥的飞机制造商100股股票。圣....</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/12/24614660/cathie-woods-ark-has-nearly-exited-its-boeing-position\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/12/24614660/cathie-woods-ark-has-nearly-exited-its-boeing-position\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/12/24614660/cathie-woods-ark-has-nearly-exited-its-boeing-position\">Benzinga</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BA":"波音"},"source_url":"https://www.benzinga.com/news/21/12/24614660/cathie-woods-ark-has-nearly-exited-its-boeing-position","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159129266","content_text":"Cathie Wood-led Ark Invest has nearly cut all its exposure in Boeing Co and now owns just 100 shares in the Chicago-based planemaker, data from the popular money manager’s daily trades reveal.\nThe St. Petersburg, Florida-based Ark Invest bought shares in the maker of 737 MAX commercial planes in April this year via the then newly launched Ark Space Exploration & Innovation ETF(BATS:ARKX).\nNo other Ark Invest ETFs own shares in Boeing.\nARKX owned 74,056 shares in Boeing at the end of July this year, as per the investment firm’s annual report.\nArk Invest in September sharply reduced its exposure in Boeing after the planemaker failed to secure a large order from European budget airline Ryanair Holdings Plc due to differences over pricing.\nThe beleaguered 737 MAX after two years of a global ban was cleared to fly again by most aviation regulators of countries around the world.\nThe world’s second-largest planemaker was earlier among the top 15 holdings in the ARKX portfolio, which currently counts Trimble Inc and The 3D Printing ETF(BATS:PRNT) among its top holdings.\nBoeing's Defense, Space, and Security segment is also involved in NASA's Space Launch System, a heavy-lift rocket meant for human space exploration. Boeing, which draws most of its sales from making planes, also builds satellites and software systems for commercial, military, and scientific exploration.\nBoeing’s Space Launch System project has however been mired in delays.\nJust last week,Tesla Inc CEO Elon Musk’s SpaceX secured fresh commercial crew flights to the International Space Station as Boeing further delayed certificates for the Starliner spacecraft due to technical issues.\nBoeing may now not be able to fly astronauts for NASA until 2023 — more than three years behind schedule. The Starliner spaceship is already grounded for the rest of the year due to hardware issues.\nNASA said it still plans to alternate missions between SpaceX and Boeing, once both are operational.\nPrice Action: Boeing shares closed 0.96% lower at $195.50 a share on Tuesday. The stock is down 16% over the past month.","news_type":1,"symbols_score_info":{"BA":0.9}},"isVote":1,"tweetType":1,"viewCount":1550,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604200030,"gmtCreate":1639396129673,"gmtModify":1639396142839,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Always Apple, Always Healthy","listText":"Always Apple, Always Healthy","text":"Always Apple, Always Healthy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/604200030","repostId":"1191584533","repostType":4,"repost":{"id":"1191584533","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639387294,"share":"https://www.laohu8.com/m/news/1191584533?lang=zh_CN&edition=full","pubTime":"2021-12-13 17:21","market":"us","language":"en","title":"Apple rose 1% in premarket trading,with its market value reaching nearly 3 trillion dollars<blockquote>苹果盘前涨1%市值近3万亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191584533","media":"Tiger Newspress","summary":"Apple rose 1% in premarket trading, with its market value reaching nearly 3 trillion dollars.Apple I","content":"<p>Apple rose 1% in premarket trading,&nbsp;with its market value reaching nearly 3 trillion dollars.<img src=\"https://static.tigerbbs.com/e9791d034ae0c6c9d0e8735f3c22dbcb\" tg-width=\"773\" tg-height=\"573\" referrerpolicy=\"no-referrer\"><b>Apple Inc</b>(NASDAQ:AAPL) is gearing up to launch the latest version of its iPhone and iPad operating system, which will contain nudity detection in the Messages app for devices used by children, as per journalist&nbsp;<b>Mark Gurman.</b></p><p><blockquote>苹果盘前交易中上涨1%，市值接近3万亿美元。<b>苹果公司</b>据记者报道，（纳斯达克：AAPL）正准备推出最新版本的iPhone和iPad操作系统，该操作系统将在儿童使用的设备的Messages应用程序中包含裸体检测功能<b>马克·古尔曼。</b></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple rose 1% in premarket trading,with its market value reaching nearly 3 trillion dollars<blockquote>苹果盘前涨1%市值近3万亿美元</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\">\nApple rose 1% in premarket trading,with its market value reaching nearly 3 trillion dollars<blockquote>苹果盘前涨1%市值近3万亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-13 17:21</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Apple rose 1% in premarket trading,&nbsp;with its market value reaching nearly 3 trillion dollars.<img src=\"https://static.tigerbbs.com/e9791d034ae0c6c9d0e8735f3c22dbcb\" tg-width=\"773\" tg-height=\"573\" referrerpolicy=\"no-referrer\"><b>Apple Inc</b>(NASDAQ:AAPL) is gearing up to launch the latest version of its iPhone and iPad operating system, which will contain nudity detection in the Messages app for devices used by children, as per journalist&nbsp;<b>Mark Gurman.</b></p><p><blockquote>苹果盘前交易中上涨1%，市值接近3万亿美元。<b>苹果公司</b>据记者报道，（纳斯达克：AAPL）正准备推出最新版本的iPhone和iPad操作系统，该操作系统将在儿童使用的设备的Messages应用程序中包含裸体检测功能<b>马克·古尔曼。</b></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191584533","content_text":"Apple rose 1% in premarket trading, with its market value reaching nearly 3 trillion dollars.Apple Inc(NASDAQ:AAPL) is gearing up to launch the latest version of its iPhone and iPad operating system, which will contain nudity detection in the Messages app for devices used by children, as per journalist Mark Gurman.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604935226,"gmtCreate":1639303614428,"gmtModify":1639303716190,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Beware!","listText":"Beware!","text":"Beware!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604935226","repostId":"2190719916","repostType":4,"isVote":1,"tweetType":1,"viewCount":935,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605558491,"gmtCreate":1639196427219,"gmtModify":1639196440091,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"There goes alibaba empty handed.&nbsp;40 Thieves snatch it!&nbsp;","listText":"There goes alibaba empty handed.&nbsp;40 Thieves snatch it!&nbsp;","text":"There goes alibaba empty handed. 40 Thieves snatch it!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/605558491","repostId":"2190275356","repostType":4,"isVote":1,"tweetType":1,"viewCount":883,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":605831477,"gmtCreate":1639142401813,"gmtModify":1639142414458,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Buy!","listText":"Buy!","text":"Buy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/605831477","repostId":"1100115506","repostType":4,"repost":{"id":"1100115506","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639138188,"share":"https://www.laohu8.com/m/news/1100115506?lang=zh_CN&edition=full","pubTime":"2021-12-10 20:09","market":"us","language":"en","title":"Some vaccine stocks dropped in premarket trading<blockquote>部分疫苗股在盘前交易中下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1100115506","media":"Tiger Newspress","summary":"Some vaccine stocks dropped in premarket trading.Moderna fell more than 6%,BioNTech and Novavax fell","content":"<p>Some vaccine stocks dropped in premarket trading.Moderna fell more than 6%,BioNTech and Novavax fell about 2%.</p><p><blockquote>部分疫苗股盘前交易下跌。Moderna跌超6%，BioNTech和Novavax跌约2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8a520d484bb38c42dea515aeca96c8b3\" tg-width=\"843\" tg-height=\"623\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3f4e9ce656bcb771198057d217489677\" tg-width=\"843\" tg-height=\"618\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fd626ba47bec50af63916a31695eca4c\" tg-width=\"843\" tg-height=\"621\" referrerpolicy=\"no-referrer\"></p><p><blockquote></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>Some vaccine stocks dropped in premarket trading<blockquote>部分疫苗股在盘前交易中下跌</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSome vaccine stocks dropped in premarket trading<blockquote>部分疫苗股在盘前交易中下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-10 20:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Some vaccine stocks dropped in premarket trading.Moderna fell more than 6%,BioNTech and Novavax fell about 2%.</p><p><blockquote>部分疫苗股盘前交易下跌。Moderna跌超6%，BioNTech和Novavax跌约2%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8a520d484bb38c42dea515aeca96c8b3\" tg-width=\"843\" tg-height=\"623\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3f4e9ce656bcb771198057d217489677\" tg-width=\"843\" tg-height=\"618\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fd626ba47bec50af63916a31695eca4c\" tg-width=\"843\" tg-height=\"621\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BNTX":"BioNTech SE","NVAX":"诺瓦瓦克斯医药","MRNA":"Moderna, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100115506","content_text":"Some vaccine stocks dropped in premarket trading.Moderna fell more than 6%,BioNTech and Novavax fell about 2%.","news_type":1,"symbols_score_info":{"NVAX":0.9,"BNTX":0.9,"MRNA":0.9}},"isVote":1,"tweetType":1,"viewCount":651,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602412360,"gmtCreate":1639056436432,"gmtModify":1639057178302,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"So many mene&nbsp;stocks?","listText":"So many mene&nbsp;stocks?","text":"So many mene stocks?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/602412360","repostId":"1160989369","repostType":2,"repost":{"id":"1160989369","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1638890853,"share":"https://www.laohu8.com/m/news/1160989369?lang=zh_CN&edition=full","pubTime":"2021-12-07 23:27","market":"us","language":"en","title":"Meme stocks jumped in morning trading<blockquote>模因股票早盘上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160989369","media":"Tiger Newspress","summary":"Meme stocks jumped in morning trading.Vinco Ventures,IronNet,Zomedica,Aterian,Digital World Acquisit","content":"<p>Meme stocks jumped in morning trading.Vinco Ventures,IronNet,Zomedica,Aterian,Digital World Acquisition,Greenidge Generation,Senseonics,Newegg,AMC&nbsp;and&nbsp;GameStop&nbsp;climbed between 5% and 18%.</p><p><blockquote>Meme股票在早盘交易中上涨。Vinco Ventures、IronNet、Zomedica、Aterian、Digital World Acquisition、Greenidge Generation、Senseonics、Newegg、AMC和游戏驿站上涨5%至18%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c14f2bc9d526cf27d2ce20a66c8b481f\" tg-width=\"398\" tg-height=\"725\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d603202a0fc2cf4684ab0bc7c0441a79\" tg-width=\"403\" tg-height=\"428\" width=\"100%\" height=\"auto\"></p><p><blockquote></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>Meme stocks jumped in morning trading<blockquote>模因股票早盘上涨</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\">\nMeme stocks jumped in morning trading<blockquote>模因股票早盘上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-07 23:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Meme stocks jumped in morning trading.Vinco Ventures,IronNet,Zomedica,Aterian,Digital World Acquisition,Greenidge Generation,Senseonics,Newegg,AMC&nbsp;and&nbsp;GameStop&nbsp;climbed between 5% and 18%.</p><p><blockquote>Meme股票在早盘交易中上涨。Vinco Ventures、IronNet、Zomedica、Aterian、Digital World Acquisition、Greenidge Generation、Senseonics、Newegg、AMC和游戏驿站上涨5%至18%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c14f2bc9d526cf27d2ce20a66c8b481f\" tg-width=\"398\" tg-height=\"725\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/d603202a0fc2cf4684ab0bc7c0441a79\" tg-width=\"403\" tg-height=\"428\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","PHUN":"Phunware, Inc.","BB":"黑莓","EXPR":"Express, Inc.","KOSS":"高斯电子","AMC":"AMC院线","NEGG":"Newegg Comm Inc.","BBBY":"Bed Bath & Beyond Inc","ATER":"Aterian Inc.","OCGN":"Ocugen","BBIG":"Vinco Ventures, Inc.","CLOV":"Clover Health Corp","GREE":"Greenidge Generation Holdings Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160989369","content_text":"Meme stocks jumped in morning trading.Vinco Ventures,IronNet,Zomedica,Aterian,Digital World Acquisition,Greenidge Generation,Senseonics,Newegg,AMC and GameStop climbed between 5% and 18%.","news_type":1,"symbols_score_info":{"ZOM":0.9,"AMC":0.9,"CLOV":0.9,"GME":0.9,"OCGN":0.9,"DWAC":0.9,"GREE":0.9,"NEGG":0.9,"BBBY":0.9,"PHUN":0.9,"IRNT":0.9,"KOSS":0.9,"MRIN":0.9,"ATER":0.9,"BBIG":0.9,"BB":0.9,"EXPR":0.9}},"isVote":1,"tweetType":1,"viewCount":962,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":139012416,"gmtCreate":1621573650935,"gmtModify":1631887437432,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/VXRT\">$Vaxart, Inc(VXRT)$</a> I am positive it will rise to $12 again once its Covid 19 tablets enters Phase 2 trial.","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/VXRT\">$Vaxart, Inc(VXRT)$</a> I am positive it will rise to $12 again once its Covid 19 tablets enters Phase 2 trial.","text":"$Vaxart, Inc(VXRT)$ I am positive it will rise to $12 again once its Covid 19 tablets enters Phase 2 trial.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":9,"repostSize":3,"link":"https://laohu8.com/post/139012416","isVote":1,"tweetType":1,"viewCount":2390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139016920,"gmtCreate":1621573473060,"gmtModify":1631883742399,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a> Phase 3 results is now clinically trial sucessfully at 81%. Up 3 percent from the previous 78% annoncement. EUA Master file submitted in US. Lets hope good news will come soon for everyone. Cheers.[财迷] [财迷] [财迷]","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a> Phase 3 results is now clinically trial sucessfully at 81%. Up 3 percent from the previous 78% annoncement. EUA Master file submitted in US. Lets hope good news will come soon for everyone. Cheers.[财迷] [财迷] [财迷]","text":"$Histogenics(OCGN)$ Phase 3 results is now clinically trial sucessfully at 81%. Up 3 percent from the previous 78% annoncement. EUA Master file submitted in US. Lets hope good news will come soon for everyone. Cheers.[财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":7,"repostSize":1,"link":"https://laohu8.com/post/139016920","isVote":1,"tweetType":1,"viewCount":2249,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":129132467,"gmtCreate":1624364306159,"gmtModify":1631883739595,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a>Check this out guys!&nbsp;","listText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a>Check this out guys!&nbsp;","text":"$Histogenics(OCGN)$Check this out guys!","images":[{"img":"https://static.tigerbbs.com/cccdea4ad529ce5300dc28629a8de1d1","width":"1242","height":"2688"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":18,"commentSize":4,"repostSize":1,"link":"https://laohu8.com/post/129132467","isVote":1,"tweetType":1,"viewCount":3113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":153728407,"gmtCreate":1625052498109,"gmtModify":1631883738687,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a><a href=\"https://laohu8.com/S/IBIO\">$iBio(IBIO)$</a><a href=\"https://laohu8.com/S/BNGO\">$Bionano Genomics(BNGO)$</a>Guys, In case you missed the News why it soared&nbsp;yesterday. It will continue to&nbsp;soar higher&nbsp;once the more good mews is out to usein India, Canada and US!&nbsp;Easily $15 upside.&nbsp;https://in.news.yahoo.com/studies-show-covaxin-effectively-neutralises-065224418.html","listText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a><a href=\"https://laohu8.com/S/IBIO\">$iBio(IBIO)$</a><a href=\"https://laohu8.com/S/BNGO\">$Bionano Genomics(BNGO)$</a>Guys, In case you missed the News why it soared&nbsp;yesterday. It will continue to&nbsp;soar higher&nbsp;once the more good mews is out to usein India, Canada and US!&nbsp;Easily $15 upside.&nbsp;https://in.news.yahoo.com/studies-show-covaxin-effectively-neutralises-065224418.html","text":"$Histogenics(OCGN)$$iBio(IBIO)$$Bionano Genomics(BNGO)$Guys, In case you missed the News why it soared yesterday. It will continue to soar higher once the more good mews is out to usein India, Canada and US! Easily $15 upside. https://in.news.yahoo.com/studies-show-covaxin-effectively-neutralises-065224418.html","images":[{"img":"https://static.tigerbbs.com/fe8b4be91d8790d83bc943723c835fd6","width":"1242","height":"2688"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":19,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/153728407","isVote":1,"tweetType":1,"viewCount":4017,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":152812804,"gmtCreate":1625280451208,"gmtModify":1631887210094,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Yes, &nbsp;patience paid off for&nbsp;Ocugen. Get EUA in Canada and finally&nbsp;US soon. Not forgetting currentpath to obtain BLA, in no time! I am all in&nbsp;for it!&nbsp;","listText":"Yes, &nbsp;patience paid off for&nbsp;Ocugen. Get EUA in Canada and finally&nbsp;US soon. Not forgetting currentpath to obtain BLA, in no time! I am all in&nbsp;for it!&nbsp;","text":"Yes, patience paid off for Ocugen. Get EUA in Canada and finally US soon. Not forgetting currentpath to obtain BLA, in no time! I am all in for it!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/152812804","repostId":"2148801599","repostType":2,"isVote":1,"tweetType":1,"viewCount":436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196847169,"gmtCreate":1621044818051,"gmtModify":1634194341905,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Pls comment and likes. Thanks","listText":"Pls comment and likes. Thanks","text":"Pls comment and likes. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/196847169","repostId":"1163454382","repostType":4,"repost":{"id":"1163454382","kind":"news","pubTimestamp":1621004581,"share":"https://www.laohu8.com/m/news/1163454382?lang=zh_CN&edition=full","pubTime":"2021-05-14 23:03","market":"us","language":"en","title":"Why AMC Entertainment Stock Jumped Again Friday<blockquote>为什么AMC院线股价周五再次上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163454382","media":"Motley Fool","summary":"AMC investors have reason for more optimism on the heels of another capital raise.Yesterday's jump came after the company announcedit raised $428 million. First, the Centers for Disease Control and Prevention  issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.This should allow theaters to open back up at full capacity and be a desirable destination for vaccinat","content":"<p>  <b>AMC investors have reason for more optimism on the heels of another capital raise.</b>  <b>What happened</b></p><p><blockquote><b>在再次融资后，AMC投资者有理由更加乐观。</b><b>发生了什么</b></blockquote></p><p> A day after<b>AMC Entertainment Holdings</b>(NYSE:AMC)</p><p><blockquote>一天后<b>AMC院线控股</b>（纽约证券交易所代码：AMC）</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Yesterday's jump came after the company announcedit raised $428 million</p><p><blockquote>昨天的股价上涨是在该公司宣布筹集4.28亿美元后发生的</blockquote></p><p> First, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.</p><p><blockquote>首先，美国疾病控制和预防中心（CDC）发布了一份关于当前健康和安全协议的新声明，称完全接种疫苗的人可以在不戴口罩或保持身体距离的情况下恢复活动，包括在室内。</blockquote></p><p> This should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,<b>Walt Disney</b>(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.</p><p><blockquote>这将使电影院能够满负荷开放，并成为接种疫苗的电影顾客的理想目的地。同样在昨天，<b>迪斯尼</b>（纽约证券交易所股票代码：DIS）宣布了季度收益报告，首席执行官鲍勃·查佩克指出“我们工作室的产量有所增加”。虽然这对影院运营商来说是积极的，但迪士尼也报告称其流媒体服务的用户增长令人失望。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> Lower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.</p><p><blockquote>流媒体订阅量的下降对影院业务来说可能是一个积极的信号。随着疫苗接种的继续推广，以及疾病预防控制中心现在正式批准在不戴口罩的情况下与人群聚集在室内，剧院的上座率可能会很快恢复。</blockquote></p><p> Vaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.</p><p><blockquote>疫苗接种将促使人们回到户外活动。在一年多的时间里，电影院可能会成为人们最喜欢的目的地。在另一次融资之后，AMC投资者可能认为这家公司终于有了一条充满希望的未来之路。</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>Why AMC Entertainment Stock Jumped Again Friday<blockquote>为什么AMC院线股价周五再次上涨</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\">\nWhy AMC Entertainment Stock Jumped Again Friday<blockquote>为什么AMC院线股价周五再次上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-05-14 23:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  <b>AMC investors have reason for more optimism on the heels of another capital raise.</b>  <b>What happened</b></p><p><blockquote><b>在再次融资后，AMC投资者有理由更加乐观。</b><b>发生了什么</b></blockquote></p><p> A day after<b>AMC Entertainment Holdings</b>(NYSE:AMC)</p><p><blockquote>一天后<b>AMC院线控股</b>（纽约证券交易所代码：AMC）</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Yesterday's jump came after the company announcedit raised $428 million</p><p><blockquote>昨天的股价上涨是在该公司宣布筹集4.28亿美元后发生的</blockquote></p><p> First, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.</p><p><blockquote>首先，美国疾病控制和预防中心（CDC）发布了一份关于当前健康和安全协议的新声明，称完全接种疫苗的人可以在不戴口罩或保持身体距离的情况下恢复活动，包括在室内。</blockquote></p><p> This should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,<b>Walt Disney</b>(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.</p><p><blockquote>这将使电影院能够满负荷开放，并成为接种疫苗的电影顾客的理想目的地。同样在昨天，<b>迪斯尼</b>（纽约证券交易所股票代码：DIS）宣布了季度收益报告，首席执行官鲍勃·查佩克指出“我们工作室的产量有所增加”。虽然这对影院运营商来说是积极的，但迪士尼也报告称其流媒体服务的用户增长令人失望。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p> Lower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.</p><p><blockquote>流媒体订阅量的下降对影院业务来说可能是一个积极的信号。随着疫苗接种的继续推广，以及疾病预防控制中心现在正式批准在不戴口罩的情况下与人群聚集在室内，剧院的上座率可能会很快恢复。</blockquote></p><p> Vaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.</p><p><blockquote>疫苗接种将促使人们回到户外活动。在一年多的时间里，电影院可能会成为人们最喜欢的目的地。在另一次融资之后，AMC投资者可能认为这家公司终于有了一条充满希望的未来之路。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/05/14/why-amc-entertainment-stock-jumped-again-friday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163454382","content_text":"AMC investors have reason for more optimism on the heels of another capital raise.\n\nWhat happened\nA day afterAMC Entertainment Holdings(NYSE:AMC)\nSo what\nYesterday's jump came after the company announcedit raised $428 million\nFirst, the Centers for Disease Control and Prevention (CDC) issued a new statement on current health and safety protocols saying that fully vaccinated people can resume activities without wearing a mask or physically distancing, including indoors.\nThis should allow theaters to open back up at full capacity and be a desirable destination for vaccinated movie patrons. Also yesterday,Walt Disney(NYSE:DIS)announced its quarterly earnings report, and CEO Bob Chapek noted \"increased production at our studios.\" While that is a positive for theater operators, Disney also reported disappointing subscriber growth in itsstreaming services.\nNow what\nLower streaming subscriptions could be a positive sign for the theater business. As vaccinations continue to roll out, and with the CDC now officially giving its approval to gather indoors with crowds and without masks, theater attendance may resume quickly.\nVaccinations are going to drive people back to activities outside the home. Movie theaters are likely to be a favorite destination after more than a year of mostly watching at home. On the heels of another capital raise, AMC investors may be thinking this company finally has a promising path ahead.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181537527,"gmtCreate":1623401016569,"gmtModify":1631883741202,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a> Guys, let stay untied to fight those that want to short it. I added another 10000shares yesterday to leverage. Stay confidence &amp; pin on on BLA soon. Chilled!","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a> Guys, let stay untied to fight those that want to short it. I added another 10000shares yesterday to leverage. Stay confidence &amp; pin on on BLA soon. Chilled!","text":"$Histogenics(OCGN)$ Guys, let stay untied to fight those that want to short it. I added another 10000shares yesterday to leverage. Stay confidence & pin on on BLA soon. Chilled!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/181537527","isVote":1,"tweetType":1,"viewCount":1964,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140018633,"gmtCreate":1625619247622,"gmtModify":1633939048245,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Technical&nbsp;correction. Normal!&nbsp;","listText":"Technical&nbsp;correction. Normal!&nbsp;","text":"Technical correction. Normal!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/140018633","repostId":"1122166072","repostType":4,"isVote":1,"tweetType":1,"viewCount":616,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165301739,"gmtCreate":1624092112121,"gmtModify":1634010764537,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Bullish all the way&nbsp;till end&nbsp;July. PlsComment and likes&nbsp;","listText":"Bullish all the way&nbsp;till end&nbsp;July. PlsComment and likes&nbsp;","text":"Bullish all the way till end July. PlsComment and likes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/165301739","repostId":"1113942445","repostType":4,"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124176599,"gmtCreate":1624756442111,"gmtModify":1633949086291,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Great potential to soar to $300. Great Moat, leaders, and&nbsp;financials. Any comments?&nbsp;","listText":"Great potential to soar to $300. Great Moat, leaders, and&nbsp;financials. Any comments?&nbsp;","text":"Great potential to soar to $300. Great Moat, leaders, and financials. Any comments?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/124176599","repostId":"1164137597","repostType":4,"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830777910,"gmtCreate":1629103430530,"gmtModify":1631883669025,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a>Big institutions just brought millions of Ocugen Shares, they own 23.7% of Common Shares. We are talking about The Vanguard Group, Goldman Sachs, Citigroup, Black Rock, biggest ETF, etc.&nbsp;","listText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a>Big institutions just brought millions of Ocugen Shares, they own 23.7% of Common Shares. We are talking about The Vanguard Group, Goldman Sachs, Citigroup, Black Rock, biggest ETF, etc.&nbsp;","text":"$Histogenics(OCGN)$Big institutions just brought millions of Ocugen Shares, they own 23.7% of Common Shares. We are talking about The Vanguard Group, Goldman Sachs, Citigroup, Black Rock, biggest ETF, etc.","images":[{"img":"https://static.tigerbbs.com/cc562ec51980fd4ac17b3c83c046d38e","width":"2688","height":"1242"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":2,"link":"https://laohu8.com/post/830777910","isVote":1,"tweetType":1,"viewCount":3882,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},{"id":181948294,"gmtCreate":1623371897018,"gmtModify":1634034105235,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"It really prove can’t buy meme stocks for Long&nbsp;term investment. Hit and run when money is on the table. Grab! Pls comments and like. Thanks.&nbsp;","listText":"It really prove can’t buy meme stocks for Long&nbsp;term investment. Hit and run when money is on the table. Grab! Pls comments and like. Thanks.&nbsp;","text":"It really prove can’t buy meme stocks for Long term investment. Hit and run when money is on the table. Grab! Pls comments and like. Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/181948294","repostId":"1194129273","repostType":4,"isVote":1,"tweetType":1,"viewCount":573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138609894,"gmtCreate":1621931083718,"gmtModify":1631883742310,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"$Histogenics(OCGN)$&nbsp;Guys, Lets not be affected by the Fur whose motive is not known, always wanting to SHORT it lower to get cheap bargains. Phase 3 results is now clinically trial sucessfully at 81%. Up 3 percent from the previous 78% annoncement. EUA Master file submitted in US. Have faith!","listText":"$Histogenics(OCGN)$&nbsp;Guys, Lets not be affected by the Fur whose motive is not known, always wanting to SHORT it lower to get cheap bargains. Phase 3 results is now clinically trial sucessfully at 81%. Up 3 percent from the previous 78% annoncement. EUA Master file submitted in US. Have faith!","text":"$Histogenics(OCGN)$ Guys, Lets not be affected by the Fur whose motive is not known, always wanting to SHORT it lower to get cheap bargains. Phase 3 results is now clinically trial sucessfully at 81%. Up 3 percent from the previous 78% annoncement. EUA Master file submitted in US. Have faith!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/138609894","repostId":"139016920","repostType":1,"repost":{"id":139016920,"gmtCreate":1621573473060,"gmtModify":1631883742399,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a> Phase 3 results is now clinically trial sucessfully at 81%. Up 3 percent from the previous 78% annoncement. EUA Master file submitted in US. Lets hope good news will come soon for everyone. Cheers.[财迷] [财迷] [财迷]","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a> Phase 3 results is now clinically trial sucessfully at 81%. Up 3 percent from the previous 78% annoncement. EUA Master file submitted in US. Lets hope good news will come soon for everyone. Cheers.[财迷] [财迷] [财迷]","text":"$Histogenics(OCGN)$ Phase 3 results is now clinically trial sucessfully at 81%. Up 3 percent from the previous 78% annoncement. EUA Master file submitted in US. Lets hope good news will come soon for everyone. Cheers.[财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/139016920","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107554157,"gmtCreate":1620524662279,"gmtModify":1634198281936,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/107554157","repostId":"1122089368","repostType":4,"repost":{"id":"1122089368","kind":"news","pubTimestamp":1620457397,"share":"https://www.laohu8.com/m/news/1122089368?lang=zh_CN&edition=full","pubTime":"2021-05-08 15:03","market":"us","language":"en","title":"What Happens to Stocks and Cryptocurrencies When the Fed Stops Raining Money?<blockquote>当美联储停止投放资金时，股票和加密货币会发生什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1122089368","media":"The Wall Street Journal","summary":"To veterans of financial bubbles, there is plenty familiar about the present. Stock valuations are t","content":"<p>To veterans of financial bubbles, there is plenty familiar about the present. Stock valuations are their richest since the dot-com bubble in 2000. Home prices are back to their pre-financial crisis peak. Risky companies can borrow at the lowest rates on record. Individual investors are pouring money into green energy and cryptocurrency.</p><p><blockquote>对于金融泡沫的老手来说，现在有很多熟悉的东西。股票估值是自2000年互联网泡沫以来最高的。房价回到了金融危机前的峰值。高风险公司可以以有记录以来的最低利率借款。个人投资者正在向绿色能源和加密货币投入资金。</blockquote></p><p>This boom has some legitimate explanations, from the advances in digital commerce to fiscally greased growth that will likely be the strongest since 1983.</p><p><blockquote>这种繁荣有一些合理的解释，从数字商务的进步到可能是1983年以来最强劲的财政增长。</blockquote></p><p>But there is one driver above all: the Federal Reserve. Easy monetary policy has regularly fueled financial booms, and it is exceptionally easy now. The Fed has kept interest rates near zero for the past year and signaled rates won’t change for at least two more years. It is buying hundreds of billions of dollars of bonds. As a result, the 10-year Treasury bond yield is well below inflation—that is, real yields are deeply negative —for only the second time in 40 years.</p><p><blockquote>但最重要的是一个驱动因素：美联储。宽松的货币政策经常推动金融繁荣，现在尤其容易。美联储在过去一年中将利率维持在接近零的水平，并暗示利率至少在两年内不会改变。它正在购买数千亿美元的债券。因此，10年期国债收益率远低于通胀——即实际收益率深度为负——这是40年来的第二次。</blockquote></p><p>There are good reasons why rates are so low. The Fed acted in response to a pandemic that at its most intense threatened even more damage than the 2007-09 financial crisis. Yet in great part thanks to the Fed and Congress, which has passed some $5 trillion in fiscal stimulus, this recovery looks much healthier than the last. That could undermine the reasons for such low rates, threatening the underpinnings of market.</p><p><blockquote>利率如此之低是有充分理由的。美联储采取行动是为了应对一场疫情，这场疫情在最严重的时候可能造成的损害甚至比2007-09年的金融危机还要大。然而，这在很大程度上要归功于美联储和国会通过了约5万亿美元的财政刺激计划，这次复苏看起来比上次要健康得多。这可能会削弱利率如此之低的原因，威胁市场的基础。</blockquote></p><p>“Equity markets at a minimum are priced to perfection on the assumption rates will be low for a long time,” said Harvard University economist Jeremy Stein, who served as a Fed governor alongside now-chairman Jerome Powell. “And certainly you get the sense the Fed is trying really hard to say, ‘Everything is fine, we’re in no rush to raise rates.’ But while I don’t think we’re headed for sustained high inflation it’s completely possible we’ll have several quarters of hot readings on inflation.”</p><p><blockquote>与现任主席杰罗姆·鲍威尔一起担任美联储理事的哈佛大学经济学家杰里米·斯坦表示：“假设利率将长期处于低位，股市的定价至少是完美的。”“当然，你会感觉到美联储非常努力地说，‘一切都很好，我们不急于加息。’但虽然我不认为我们会走向持续的高通胀，但这是完全有可能的。我们将有几个季度的通胀热点数据。”</blockquote></p><p>Since stocks’ valuations are only justified if interest rates stay extremely low, how do they reprice if the Fed has to tighten monetary policy to combat inflation and bond yields rise one to 1.5 percentage points, he asked. “You could get a serious correction in asset prices.”</p><p><blockquote>他问道，由于只有在利率保持极低水平的情况下，股票估值才是合理的，因此如果美联储不得不收紧货币政策以对抗通胀并且债券收益率上升1至1.5个百分点，股票如何重新定价。“资产价格可能会出现严重调整。”</blockquote></p><p><b>‘A bit frothy’</b></p><p><blockquote><b>“有点泡沫”</b></blockquote></p><p>The Fed has been here before. In the late 1990s its willingness to cut rates in response to the Asian financial crisis and the near collapse of the hedge fund Long-Term Capital Management was seen by some as an implicit market backstop, inflating the ensuing dot-com bubble. Its low-rate policy in the wake of that collapsed bubble was then blamed for driving up housing prices. Both times Fed officials defended their policy, arguing that to raise rates (or not cut them) simply to prevent bubbles would compromise their main goals of low unemployment and inflation, and do more harm than letting the bubble deflate on its own.</p><p><blockquote>美联储以前也来过这里。20世纪90年代末，为了应对亚洲金融危机和对冲基金长期资本管理公司几近崩溃，它愿意降息，这被一些人视为隐性的市场支持，助长了随后的互联网泡沫。泡沫破裂后的低利率政策被指责推高了房价。两次美联储官员都为自己的政策辩护，认为仅仅为了防止泡沫而加息（或不降息）会损害他们低失业率和通胀的主要目标，而且比让泡沫自行破灭造成的危害更大。</blockquote></p><p>As for this year, in a report this week the central bank warned asset “valuations are generally high” and “vulnerable to significant declines should investor risk appetite fall, progress on containing the virus disappoint, or the recovery stall.” On April 28 Mr. Powell acknowledged markets look “a bit frothy” and the Fed might be one of the reasons: “I won’t say it has nothing to do with monetary policy, but it has a tremendous amount to do with vaccination and reopening of the economy.” But he gave no hint the Fed was about to dial back its stimulus: “The economy is a long way from our goals.” A Labor Department report Friday showing that far fewer jobs were created in April than Wall Street expected underlined that.</p><p><blockquote>至于今年，央行在本周的一份报告中警告称，资产“估值普遍较高”，“如果投资者风险偏好下降、遏制病毒进展令人失望或复苏停滞，资产估值很容易大幅下跌”。4月28日，鲍威尔承认市场看起来“有点泡沫”，美联储可能是原因之一：“我不会说这与货币政策无关，但它与疫苗接种有很大关系和经济重新开放。”但他没有暗示美联储将缩减刺激措施：“经济距离我们的目标还有很长的路要走。”劳工部周五的一份报告显示，4月份创造的就业机会远低于华尔街的预期，这突显了这一点。</blockquote></p><p>The Fed’s choices are heavily influenced by the financial crisis. While the Fed cut rates to near zero and bought bonds then as well, it was battling powerful headwinds as households, banks, and governments sought to pay down debts. That held back spending and pushed inflation below the Fed’s 2% target. Deeper-seated forces such as aging populations also held down growth and interest rates, a combination some dubbed “secular stagnation.”</p><p><blockquote>美联储的选择深受金融危机的影响。尽管美联储当时将利率降至接近零的水平并购买了债券，但随着家庭、银行和政府寻求偿还债务，美联储正面临强大的阻力。这抑制了支出，并将通胀率推至美联储2%的目标以下。人口老龄化等深层次力量也抑制了经济增长和利率，一些人将这种组合称为“长期停滞”。</blockquote></p><p>The pandemic shutdown a year ago triggered a hit to economic output that was initially worse than the financial crisis. But after two months, economic activity began to recover as restrictions eased and businesses adapted to social distancing. The Fed initiated new lending programs and Congress passed the $2.2 trillion Cares Act. Vaccines arrived sooner than expected. The U.S. economy is likely to hit its pre-pandemic size in the current quarter, two years faster than after the financial crisis.</p><p><blockquote>一年前的疫情关闭引发了对经济产出的打击，最初比金融危机还要严重。但两个月后，随着限制放松和企业适应社交距离，经济活动开始复苏。美联储启动了新的贷款计划，国会通过了2.2万亿美元的Cares法案。疫苗比预期的更早到达。美国经济可能会在本季度达到大流行前的规模，比金融危机后快两年。</blockquote></p><p>And yet even as the outlook has improved, the fiscal and monetary taps remain wide open. Democrats first proposed an additional $3 trillion in stimulus last May when output was expected to fall 6% last year. It actually fell less than half that, but Democrats, after winning both the White House and Congress, pressed ahead with the same size stimulus.</p><p><blockquote>然而，即使前景有所改善，财政和货币的水龙头仍然敞开着。去年5月，民主党人首次提出额外3万亿美元的刺激计划，当时预计去年产出将下降6%。实际上下降了不到一半，但民主党在赢得白宫和国会后，继续推进同样规模的刺激计划。</blockquote></p><p></p><p>The Fed began buying bonds in March, 2020 to counter chaotic conditions in markets. In late summer, with markets functioning normally, it extended the program while tilting the rationale toward keeping bond yields low.</p><p><blockquote>美联储于2020年3月开始购买债券，以应对市场的混乱状况。夏末，随着市场正常运转，它延长了该计划，同时将理由转向保持低债券收益率。</blockquote></p><p>At the same time it unveiled a new framework: After years of inflation running below 2%, it would aim to push inflation not just back to 2% but higher, so that over time average and expected inflation would both stabilize at 2%. To that end, it promised not to raise rates until full employment had been restored and inflation was 2% and headed higher. Officials predicted that would not happen before 2024 and have since stuck to that guidance despite a significantly improving outlook.</p><p><blockquote>与此同时，它公布了一个新框架：在通胀率多年低于2%之后，它的目标是将通胀率不仅推回到2%，而且更高，以便随着时间的推移，平均通胀率和预期通胀率都稳定在2%。为此，它承诺在充分就业恢复、通胀率达到2%并走高之前不会加息。官员们预测这种情况在2024年之前不会发生，尽管前景显着改善，但此后仍坚持这一指导。</blockquote></p><p><b>Running of the bulls</b></p><p><blockquote><b>奔牛节</b></blockquote></p><p>This injection of unprecedented monetary and fiscal stimulus into an economy already rebounding thanks to vaccinations is why Wall Street strategists are their most bullish on stocks since before the last financial crisis, according to a survey byBank of AmericaCorp.While profit forecasts have risen briskly, stocks have risen more. The S&amp;P 500 stock index now trades at about 22 times the coming year’s profits, according to FactSet, a level only exceeded at the peak of the dot-com boom in 2000.</p><p><blockquote>美国银行的一项调查显示，向因疫苗接种而已经反弹的经济注入前所未有的货币和财政刺激措施，这就是华尔街策略师自上次金融危机前以来最看好股市的原因。虽然盈利预测大幅上升，但股市涨幅更大。根据FactSet的数据，标普500股票指数目前的交易价格约为来年利润的22倍，这一水平仅在2000年互联网繁荣的顶峰时期才超过。</blockquote></p><p>Other asset markets are similarly stretched. Investors are willing to buy the bonds of junk-rated companies at the lowest yields since at least 1995, and the narrowest spread above safe Treasurys since 2007, according to Bloomberg Barclays data. Residential and commercial property prices, adjusted for inflation, are around the peak reached in 2006.</p><p><blockquote>其他资产市场也同样捉襟见肘。根据彭博巴克莱的数据，投资者愿意以至少1995年以来的最低收益率以及自2007年以来与安全国债的最窄利差购买垃圾级公司的债券。经通胀调整后，住宅和商业地产价格接近2006年达到的峰值。</blockquote></p><p>Stock and property valuations are more justifiable today than in 2000 or in 2006 because the returns on riskless Treasury bonds are so much lower. In that sense, the Fed’s policies are working precisely as intended: improving both the economic outlook, which is good for profits, housing demand, and corporate creditworthiness; and the appetite for risk.</p><p><blockquote>今天的股票和房地产估值比2000年或2006年更加合理，因为无风险国债的回报率要低得多。从这个意义上说，美联储的政策完全按照预期发挥作用：改善经济前景，这有利于利润、住房需求和企业信誉；和风险偏好。</blockquote></p><p>Nonetheless, low rates are no longer sufficient to justify some asset valuations. Instead, bulls invoke alternative metrics.</p><p><blockquote>尽管如此，低利率不再足以证明某些资产估值的合理性。相反，多头会调用替代指标。</blockquote></p><p>Bank of America recently noted companies with relatively low carbon emissions and higher water efficiency earn higher valuations. These valuations aren’t the result of superior cash flow or profit prospects, but a tidal wave of funds invested according to environmental, social and governance, or ESG, criteria.</p><p><blockquote>美国银行最近指出，碳排放量相对较低、用水效率较高的公司估值较高。这些估值并不是优越的现金流或利润前景的结果，而是根据环境、社会和治理（ESG）标准投资的资金浪潮。</blockquote></p><p>Conventional valuation is also useless for cryptocurrencies which earn no interest, rent or dividends. Instead, advocates claim digital currencies will displace the fiat currencies issued by central banks as a transaction medium and store of value. “Crypto has the potential to be as revolutionary and widely adopted as the internet,” claims the prospectus of the initial public offering of crypto exchangeCoinbase GlobalInc.,in language reminiscent of internet-related IPOs more than two decades earlier. Cryptocurrencies as of April 29 were worth more than $2 trillion, according to CoinDesk, an information service, roughly equivalent to all U.S. dollars in circulation.</p><p><blockquote>对于不赚取利息、租金或股息的加密货币，传统估值也毫无用处。相反，倡导者声称数字货币将取代央行发行的法定货币作为交易媒介和价值储存手段。“加密货币有可能像互联网一样具有革命性并被广泛采用，”加密货币交易所Coinbase GlobalInc.首次公开募股的招股说明书称，其语言让人想起二十多年前与互联网相关的IPO。根据信息服务机构CoinDesk的数据，截至4月29日，加密货币的价值超过2万亿美元，大致相当于流通中的所有美元。</blockquote></p><p>Financial innovation is also at work, as it has been in past financial booms. Portfolio insurance, a strategy designed to hedge against market losses, amplified selling during the 1987 stock market crash. In the 1990s, internet stockbrokers fueled tech stocks and in the 2000s, subprime mortgage derivatives helped finance housing. The equivalent today are zero commission brokers such as Robinhood Markets Inc., fractional ownership and social media, all of which have empowered individual investors.</p><p><blockquote>金融创新也在发挥作用，就像过去的金融繁荣一样。投资组合保险是一种旨在对冲市场损失的策略，在1987年股市崩盘期间放大了抛售。20世纪90年代，互联网股票经纪人推动了科技股的上涨，而在21世纪初，次级抵押贷款衍生品帮助为住房融资。今天的等价物是零佣金经纪商，如Robinhood Markets Inc.、部分所有权和社交媒体，所有这些都赋予了个人投资者权力。</blockquote></p><p>Such investors increasingly influence the overall market’s direction, according to a recent report by the Bank for International Settlements, a consortium of the world’s central banks. It found, for example, that since 2017 trading volume in exchange-traded funds that track the S&amp;P 500, a favorite of institutional investors, has flattened while the volume in its component stocks, which individual investors prefer, has climbed. Individuals, it noted, are more likely to buy a company’s shares for reasons unrelated to its underlying business—because, for example, its name is similar to another stock that is on the rise.</p><p><blockquote>根据世界各国央行组成的财团国际清算银行最近的一份报告，此类投资者越来越多地影响整体市场的走向。例如，它发现，自2017年以来，跟踪机构投资者最喜欢的标普500的交易所交易基金的交易量已经持平，而个人投资者更喜欢的成分股的交易量却在攀升。报告指出，个人更有可能出于与其基础业务无关的原因购买一家公司的股票，例如，因为该公司的名称与另一只正在上涨的股票相似。</blockquote></p><p>While such speculation is often blamed on the Fed, drawing a direct line is difficult. Not so with fiscal stimulus. Jim Bianco, the head of financial research firm Bianco Research, said flows into exchange-traded funds and mutual funds jumped in March as the Treasury distributed $1,400 stimulus checks. “The first thing you do with your check is deposit it in your account and in 2021 that’s your brokerage account,” said Mr. Bianco.</p><p><blockquote>虽然这种猜测经常被归咎于美联储，但很难划清界限。财政刺激则不然。金融研究公司Bianco Research的负责人Jim Bianco表示，随着财政部发放1400美元的刺激支票，3月份流入交易所交易基金和共同基金的资金激增。“你用支票做的第一件事就是将其存入你的账户，到2021年，这就是你的经纪账户，”比安科先生说。</blockquote></p><p><b>Facing the future</b></p><p><blockquote><b>面向未来</b></blockquote></p><p></p><p>It’s impossible to predict how, or even whether, this all ends. It doesn’t have to: High-priced stocks could eventually earn the profits necessary to justify today’s valuations, especially with the economy’s current head of steam. In he meantime, more extreme pockets of speculation may collapse under their own weight as profits disappoint or competition emerges.</p><p><blockquote>无法预测这一切将如何结束，甚至是否会结束。事实并非如此：高价股票最终可能会赚取必要的利润来证明当今的估值是合理的，尤其是在经济目前处于领先地位的情况下。与此同时，随着利润令人失望或竞争的出现，更极端的投机领域可能会在自身压力下崩溃。</blockquote></p><p>Bitcoin once threatened to displace the dollar; now numerous competitors purport to do the same.TeslaInc.was once about the only stock you could buy to bet on electric vehicles; now there is China’s NIO Inc.,NikolaCorp., andFiskerInc.,not to mention established manufacturers such as Volkswagen AG andGeneral MotorsCo.that are rolling out ever more electric models.</p><p><blockquote>比特币曾威胁要取代美元；现在，许多竞争对手也声称要做同样的事情。特斯拉公司曾经是你唯一可以购买来押注电动汽车的股票；现在有蔚来、NikolaCorp.和FiskerInc.，更不用说大众汽车公司和通用汽车公司等老牌制造商正在推出越来越多的电动车型。</blockquote></p><p>But for assets across the board to fall would likely involve some sort of macroeconomic event, such as a recession, financial crisis, or inflation.</p><p><blockquote>但资产全面下跌可能涉及某种宏观经济事件，例如经济衰退、金融危机或通货膨胀。</blockquote></p><p>The Fed report this past week said the virus remains the biggest threat to the economy and thus the financial system. April’s jobs disappointment was a reminder of how unsettled the economic outlook remains. Still, with the virus in retreat, a recession seems unlikely now. A financial crisis linked to some hidden fragility can’t be ruled out. Still, banks have so much capital and mortgage underwriting is so tight that something similar to the 2007-09 financial crisis, which began with defaulting mortgages, seems remote. If junk bonds, cryptocoins or tech stocks are bought primarily with borrowed money, a plunge in their values could precipitate a wave of forced selling, bankruptcies and potentially a crisis. But that doesn’t seem to have happened. The recent collapse of Archegos Capital Management from reversals on derivatives-based stock investments inflicted losses on its lenders. But it didn’t threaten their survival or trigger contagion to similarly situated firms.</p><p><blockquote>美联储上周的报告称，该病毒仍然是对经济乃至金融体系的最大威胁。4月份的就业令人失望提醒人们经济前景仍然多么不稳定。尽管如此，随着病毒的消退，经济衰退现在似乎不太可能发生。不能排除与一些隐藏的脆弱性相关的金融危机。尽管如此，银行拥有如此多的资本，而抵押贷款承销又如此紧张，以至于类似于2007-09年始于抵押贷款违约的金融危机似乎很遥远。如果垃圾债券、加密货币或科技股主要是用借来的钱购买的，其价值暴跌可能会引发一波强制抛售、破产和潜在的危机。但这似乎并没有发生。Archegos Capital Management最近因衍生品股票投资逆转而倒闭，给其贷方造成了损失。但这并没有威胁到他们的生存，也没有引发对处境相似的公司的蔓延。</blockquote></p><p>“Where’s the second Archegos?” said Mr. Bianco. “There hasn’t been one yet.”</p><p><blockquote>“第二个阿尔奇戈斯在哪里？”比安科先生说。“还没有。”</blockquote></p><p>That leaves inflation. Fear of inflation is widespread now with shortages of semiconductors, lumber, and workers all putting upward pressure on prices and costs. Most forecasters, and the Fed, think those pressures will ease once the economy has reopened and normal spending patterns resume. Nonetheless, the difference between yields on regular and inflation-indexed bond yields suggest investors are expecting inflation in coming years to average about 2.5%. That is hardly a repeat of the 1970s, and compatible with the Fed’s new goal of average 2% inflation over the long term. Nonetheless, it would be a clear break from the sub-2% range of the last decade.</p><p><blockquote>这就剩下通货膨胀了。由于半导体、木材和工人的短缺都给价格和成本带来了上行压力，对通胀的担忧现在很普遍。大多数预测者和美联储认为，一旦经济重新开放和正常支出模式恢复，这些压力将会缓解。尽管如此，常规债券收益率和通胀指数债券收益率之间的差异表明，投资者预计未来几年的通胀率平均约为2.5%。这很难是20世纪70年代的重演，也符合美联储长期平均通胀率2%的新目标。尽管如此，这将明显打破过去十年低于2%的区间。</blockquote></p><p>Slightly higher inflation would result in the Fed setting short-term interest rates also slightly higher, which need not hurt stock valuations. More worrisome: Long-term bond yields, which are critical to stock values, might rise significantly more. Since the late 1990s, bond and stock prices have tended to move in opposite directions. That is because when inflation isn’t a concern, economic shocks tend to drive both bond yields (which move in the opposite direction to prices) and stock prices down. Bonds thus act as an insurance policy against losses on stocks, for which investors are willing to accept lower yields. If inflation becomes a problem again, then bonds lose that insurance value and their yields will rise. In recent months that stock-bond correlation, in place for most of the last few decades, began to disappear, said Brian Sack, a former Fed economist who is now with hedge fund D.E. Shaw &amp; Co. LP. He attributes that, in part, to inflation concerns.</p><p><blockquote>通胀略高将导致美联储将短期利率也略高，这不一定会损害股票估值。更令人担忧的是：对股票价值至关重要的长期债券收益率可能会大幅上升。自20世纪90年代末以来，债券和股票价格往往朝着相反的方向波动。这是因为当通胀不是问题时，经济冲击往往会压低债券收益率（与价格走势相反）和股票价格。因此，债券充当了抵御股票损失的保险政策，投资者愿意接受较低的收益率。如果通货膨胀再次成为一个问题，那么债券就会失去保险价值，其收益率就会上升。前美联储经济学家、现就职于对冲基金D.E.的布莱恩·萨克(Brian Sack)表示，近几个月来，过去几十年大部分时间里存在的股债相关性开始消失。肖公司。他将此部分归因于通胀担忧。</blockquote></p><p>The many years since inflation dominated the financial landscape have led investors to price assets as if inflation never will have that sway again. They may be right. But if the unprecedented combination of monetary and fiscal stimulus succeeds in jolting the economy out of the last decade’s pattern, that complacency could prove quite costly.</p><p><blockquote>多年来，通货膨胀主导了金融领域，这导致投资者对资产定价，就好像通货膨胀再也不会产生这种影响一样。他们可能是对的。但如果史无前例的货币和财政刺激组合成功地使经济摆脱了过去十年的模式，这种自满可能会付出相当大的代价。</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>What Happens to Stocks and Cryptocurrencies When the Fed Stops Raining Money?<blockquote>当美联储停止投放资金时，股票和加密货币会发生什么？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Happens to Stocks and Cryptocurrencies When the Fed Stops Raining Money?<blockquote>当美联储停止投放资金时，股票和加密货币会发生什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-05-08 15:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>To veterans of financial bubbles, there is plenty familiar about the present. Stock valuations are their richest since the dot-com bubble in 2000. Home prices are back to their pre-financial crisis peak. Risky companies can borrow at the lowest rates on record. Individual investors are pouring money into green energy and cryptocurrency.</p><p><blockquote>对于金融泡沫的老手来说，现在有很多熟悉的东西。股票估值是自2000年互联网泡沫以来最高的。房价回到了金融危机前的峰值。高风险公司可以以有记录以来的最低利率借款。个人投资者正在向绿色能源和加密货币投入资金。</blockquote></p><p>This boom has some legitimate explanations, from the advances in digital commerce to fiscally greased growth that will likely be the strongest since 1983.</p><p><blockquote>这种繁荣有一些合理的解释，从数字商务的进步到可能是1983年以来最强劲的财政增长。</blockquote></p><p>But there is one driver above all: the Federal Reserve. Easy monetary policy has regularly fueled financial booms, and it is exceptionally easy now. The Fed has kept interest rates near zero for the past year and signaled rates won’t change for at least two more years. It is buying hundreds of billions of dollars of bonds. As a result, the 10-year Treasury bond yield is well below inflation—that is, real yields are deeply negative —for only the second time in 40 years.</p><p><blockquote>但最重要的是一个驱动因素：美联储。宽松的货币政策经常推动金融繁荣，现在尤其容易。美联储在过去一年中将利率维持在接近零的水平，并暗示利率至少在两年内不会改变。它正在购买数千亿美元的债券。因此，10年期国债收益率远低于通胀——即实际收益率深度为负——这是40年来的第二次。</blockquote></p><p>There are good reasons why rates are so low. The Fed acted in response to a pandemic that at its most intense threatened even more damage than the 2007-09 financial crisis. Yet in great part thanks to the Fed and Congress, which has passed some $5 trillion in fiscal stimulus, this recovery looks much healthier than the last. That could undermine the reasons for such low rates, threatening the underpinnings of market.</p><p><blockquote>利率如此之低是有充分理由的。美联储采取行动是为了应对一场疫情，这场疫情在最严重的时候可能造成的损害甚至比2007-09年的金融危机还要大。然而，这在很大程度上要归功于美联储和国会通过了约5万亿美元的财政刺激计划，这次复苏看起来比上次要健康得多。这可能会削弱利率如此之低的原因，威胁市场的基础。</blockquote></p><p>“Equity markets at a minimum are priced to perfection on the assumption rates will be low for a long time,” said Harvard University economist Jeremy Stein, who served as a Fed governor alongside now-chairman Jerome Powell. “And certainly you get the sense the Fed is trying really hard to say, ‘Everything is fine, we’re in no rush to raise rates.’ But while I don’t think we’re headed for sustained high inflation it’s completely possible we’ll have several quarters of hot readings on inflation.”</p><p><blockquote>与现任主席杰罗姆·鲍威尔一起担任美联储理事的哈佛大学经济学家杰里米·斯坦表示：“假设利率将长期处于低位，股市的定价至少是完美的。”“当然，你会感觉到美联储非常努力地说，‘一切都很好，我们不急于加息。’但虽然我不认为我们会走向持续的高通胀，但这是完全有可能的。我们将有几个季度的通胀热点数据。”</blockquote></p><p>Since stocks’ valuations are only justified if interest rates stay extremely low, how do they reprice if the Fed has to tighten monetary policy to combat inflation and bond yields rise one to 1.5 percentage points, he asked. “You could get a serious correction in asset prices.”</p><p><blockquote>他问道，由于只有在利率保持极低水平的情况下，股票估值才是合理的，因此如果美联储不得不收紧货币政策以对抗通胀并且债券收益率上升1至1.5个百分点，股票如何重新定价。“资产价格可能会出现严重调整。”</blockquote></p><p><b>‘A bit frothy’</b></p><p><blockquote><b>“有点泡沫”</b></blockquote></p><p>The Fed has been here before. In the late 1990s its willingness to cut rates in response to the Asian financial crisis and the near collapse of the hedge fund Long-Term Capital Management was seen by some as an implicit market backstop, inflating the ensuing dot-com bubble. Its low-rate policy in the wake of that collapsed bubble was then blamed for driving up housing prices. Both times Fed officials defended their policy, arguing that to raise rates (or not cut them) simply to prevent bubbles would compromise their main goals of low unemployment and inflation, and do more harm than letting the bubble deflate on its own.</p><p><blockquote>美联储以前也来过这里。20世纪90年代末，为了应对亚洲金融危机和对冲基金长期资本管理公司几近崩溃，它愿意降息，这被一些人视为隐性的市场支持，助长了随后的互联网泡沫。泡沫破裂后的低利率政策被指责推高了房价。两次美联储官员都为自己的政策辩护，认为仅仅为了防止泡沫而加息（或不降息）会损害他们低失业率和通胀的主要目标，而且比让泡沫自行破灭造成的危害更大。</blockquote></p><p>As for this year, in a report this week the central bank warned asset “valuations are generally high” and “vulnerable to significant declines should investor risk appetite fall, progress on containing the virus disappoint, or the recovery stall.” On April 28 Mr. Powell acknowledged markets look “a bit frothy” and the Fed might be one of the reasons: “I won’t say it has nothing to do with monetary policy, but it has a tremendous amount to do with vaccination and reopening of the economy.” But he gave no hint the Fed was about to dial back its stimulus: “The economy is a long way from our goals.” A Labor Department report Friday showing that far fewer jobs were created in April than Wall Street expected underlined that.</p><p><blockquote>至于今年，央行在本周的一份报告中警告称，资产“估值普遍较高”，“如果投资者风险偏好下降、遏制病毒进展令人失望或复苏停滞，资产估值很容易大幅下跌”。4月28日，鲍威尔承认市场看起来“有点泡沫”，美联储可能是原因之一：“我不会说这与货币政策无关，但它与疫苗接种有很大关系和经济重新开放。”但他没有暗示美联储将缩减刺激措施：“经济距离我们的目标还有很长的路要走。”劳工部周五的一份报告显示，4月份创造的就业机会远低于华尔街的预期，这突显了这一点。</blockquote></p><p>The Fed’s choices are heavily influenced by the financial crisis. While the Fed cut rates to near zero and bought bonds then as well, it was battling powerful headwinds as households, banks, and governments sought to pay down debts. That held back spending and pushed inflation below the Fed’s 2% target. Deeper-seated forces such as aging populations also held down growth and interest rates, a combination some dubbed “secular stagnation.”</p><p><blockquote>美联储的选择深受金融危机的影响。尽管美联储当时将利率降至接近零的水平并购买了债券，但随着家庭、银行和政府寻求偿还债务，美联储正面临强大的阻力。这抑制了支出，并将通胀率推至美联储2%的目标以下。人口老龄化等深层次力量也抑制了经济增长和利率，一些人将这种组合称为“长期停滞”。</blockquote></p><p>The pandemic shutdown a year ago triggered a hit to economic output that was initially worse than the financial crisis. But after two months, economic activity began to recover as restrictions eased and businesses adapted to social distancing. The Fed initiated new lending programs and Congress passed the $2.2 trillion Cares Act. Vaccines arrived sooner than expected. The U.S. economy is likely to hit its pre-pandemic size in the current quarter, two years faster than after the financial crisis.</p><p><blockquote>一年前的疫情关闭引发了对经济产出的打击，最初比金融危机还要严重。但两个月后，随着限制放松和企业适应社交距离，经济活动开始复苏。美联储启动了新的贷款计划，国会通过了2.2万亿美元的Cares法案。疫苗比预期的更早到达。美国经济可能会在本季度达到大流行前的规模，比金融危机后快两年。</blockquote></p><p>And yet even as the outlook has improved, the fiscal and monetary taps remain wide open. Democrats first proposed an additional $3 trillion in stimulus last May when output was expected to fall 6% last year. It actually fell less than half that, but Democrats, after winning both the White House and Congress, pressed ahead with the same size stimulus.</p><p><blockquote>然而，即使前景有所改善，财政和货币的水龙头仍然敞开着。去年5月，民主党人首次提出额外3万亿美元的刺激计划，当时预计去年产出将下降6%。实际上下降了不到一半，但民主党在赢得白宫和国会后，继续推进同样规模的刺激计划。</blockquote></p><p></p><p>The Fed began buying bonds in March, 2020 to counter chaotic conditions in markets. In late summer, with markets functioning normally, it extended the program while tilting the rationale toward keeping bond yields low.</p><p><blockquote>美联储于2020年3月开始购买债券，以应对市场的混乱状况。夏末，随着市场正常运转，它延长了该计划，同时将理由转向保持低债券收益率。</blockquote></p><p>At the same time it unveiled a new framework: After years of inflation running below 2%, it would aim to push inflation not just back to 2% but higher, so that over time average and expected inflation would both stabilize at 2%. To that end, it promised not to raise rates until full employment had been restored and inflation was 2% and headed higher. Officials predicted that would not happen before 2024 and have since stuck to that guidance despite a significantly improving outlook.</p><p><blockquote>与此同时，它公布了一个新框架：在通胀率多年低于2%之后，它的目标是将通胀率不仅推回到2%，而且更高，以便随着时间的推移，平均通胀率和预期通胀率都稳定在2%。为此，它承诺在充分就业恢复、通胀率达到2%并走高之前不会加息。官员们预测这种情况在2024年之前不会发生，尽管前景显着改善，但此后仍坚持这一指导。</blockquote></p><p><b>Running of the bulls</b></p><p><blockquote><b>奔牛节</b></blockquote></p><p>This injection of unprecedented monetary and fiscal stimulus into an economy already rebounding thanks to vaccinations is why Wall Street strategists are their most bullish on stocks since before the last financial crisis, according to a survey byBank of AmericaCorp.While profit forecasts have risen briskly, stocks have risen more. The S&amp;P 500 stock index now trades at about 22 times the coming year’s profits, according to FactSet, a level only exceeded at the peak of the dot-com boom in 2000.</p><p><blockquote>美国银行的一项调查显示，向因疫苗接种而已经反弹的经济注入前所未有的货币和财政刺激措施，这就是华尔街策略师自上次金融危机前以来最看好股市的原因。虽然盈利预测大幅上升，但股市涨幅更大。根据FactSet的数据，标普500股票指数目前的交易价格约为来年利润的22倍，这一水平仅在2000年互联网繁荣的顶峰时期才超过。</blockquote></p><p>Other asset markets are similarly stretched. Investors are willing to buy the bonds of junk-rated companies at the lowest yields since at least 1995, and the narrowest spread above safe Treasurys since 2007, according to Bloomberg Barclays data. Residential and commercial property prices, adjusted for inflation, are around the peak reached in 2006.</p><p><blockquote>其他资产市场也同样捉襟见肘。根据彭博巴克莱的数据，投资者愿意以至少1995年以来的最低收益率以及自2007年以来与安全国债的最窄利差购买垃圾级公司的债券。经通胀调整后，住宅和商业地产价格接近2006年达到的峰值。</blockquote></p><p>Stock and property valuations are more justifiable today than in 2000 or in 2006 because the returns on riskless Treasury bonds are so much lower. In that sense, the Fed’s policies are working precisely as intended: improving both the economic outlook, which is good for profits, housing demand, and corporate creditworthiness; and the appetite for risk.</p><p><blockquote>今天的股票和房地产估值比2000年或2006年更加合理，因为无风险国债的回报率要低得多。从这个意义上说，美联储的政策完全按照预期发挥作用：改善经济前景，这有利于利润、住房需求和企业信誉；和风险偏好。</blockquote></p><p>Nonetheless, low rates are no longer sufficient to justify some asset valuations. Instead, bulls invoke alternative metrics.</p><p><blockquote>尽管如此，低利率不再足以证明某些资产估值的合理性。相反，多头会调用替代指标。</blockquote></p><p>Bank of America recently noted companies with relatively low carbon emissions and higher water efficiency earn higher valuations. These valuations aren’t the result of superior cash flow or profit prospects, but a tidal wave of funds invested according to environmental, social and governance, or ESG, criteria.</p><p><blockquote>美国银行最近指出，碳排放量相对较低、用水效率较高的公司估值较高。这些估值并不是优越的现金流或利润前景的结果，而是根据环境、社会和治理（ESG）标准投资的资金浪潮。</blockquote></p><p>Conventional valuation is also useless for cryptocurrencies which earn no interest, rent or dividends. Instead, advocates claim digital currencies will displace the fiat currencies issued by central banks as a transaction medium and store of value. “Crypto has the potential to be as revolutionary and widely adopted as the internet,” claims the prospectus of the initial public offering of crypto exchangeCoinbase GlobalInc.,in language reminiscent of internet-related IPOs more than two decades earlier. Cryptocurrencies as of April 29 were worth more than $2 trillion, according to CoinDesk, an information service, roughly equivalent to all U.S. dollars in circulation.</p><p><blockquote>对于不赚取利息、租金或股息的加密货币，传统估值也毫无用处。相反，倡导者声称数字货币将取代央行发行的法定货币作为交易媒介和价值储存手段。“加密货币有可能像互联网一样具有革命性并被广泛采用，”加密货币交易所Coinbase GlobalInc.首次公开募股的招股说明书称，其语言让人想起二十多年前与互联网相关的IPO。根据信息服务机构CoinDesk的数据，截至4月29日，加密货币的价值超过2万亿美元，大致相当于流通中的所有美元。</blockquote></p><p>Financial innovation is also at work, as it has been in past financial booms. Portfolio insurance, a strategy designed to hedge against market losses, amplified selling during the 1987 stock market crash. In the 1990s, internet stockbrokers fueled tech stocks and in the 2000s, subprime mortgage derivatives helped finance housing. The equivalent today are zero commission brokers such as Robinhood Markets Inc., fractional ownership and social media, all of which have empowered individual investors.</p><p><blockquote>金融创新也在发挥作用，就像过去的金融繁荣一样。投资组合保险是一种旨在对冲市场损失的策略，在1987年股市崩盘期间放大了抛售。20世纪90年代，互联网股票经纪人推动了科技股的上涨，而在21世纪初，次级抵押贷款衍生品帮助为住房融资。今天的等价物是零佣金经纪商，如Robinhood Markets Inc.、部分所有权和社交媒体，所有这些都赋予了个人投资者权力。</blockquote></p><p>Such investors increasingly influence the overall market’s direction, according to a recent report by the Bank for International Settlements, a consortium of the world’s central banks. It found, for example, that since 2017 trading volume in exchange-traded funds that track the S&amp;P 500, a favorite of institutional investors, has flattened while the volume in its component stocks, which individual investors prefer, has climbed. Individuals, it noted, are more likely to buy a company’s shares for reasons unrelated to its underlying business—because, for example, its name is similar to another stock that is on the rise.</p><p><blockquote>根据世界各国央行组成的财团国际清算银行最近的一份报告，此类投资者越来越多地影响整体市场的走向。例如，它发现，自2017年以来，跟踪机构投资者最喜欢的标普500的交易所交易基金的交易量已经持平，而个人投资者更喜欢的成分股的交易量却在攀升。报告指出，个人更有可能出于与其基础业务无关的原因购买一家公司的股票，例如，因为该公司的名称与另一只正在上涨的股票相似。</blockquote></p><p>While such speculation is often blamed on the Fed, drawing a direct line is difficult. Not so with fiscal stimulus. Jim Bianco, the head of financial research firm Bianco Research, said flows into exchange-traded funds and mutual funds jumped in March as the Treasury distributed $1,400 stimulus checks. “The first thing you do with your check is deposit it in your account and in 2021 that’s your brokerage account,” said Mr. Bianco.</p><p><blockquote>虽然这种猜测经常被归咎于美联储，但很难划清界限。财政刺激则不然。金融研究公司Bianco Research的负责人Jim Bianco表示，随着财政部发放1400美元的刺激支票，3月份流入交易所交易基金和共同基金的资金激增。“你用支票做的第一件事就是将其存入你的账户，到2021年，这就是你的经纪账户，”比安科先生说。</blockquote></p><p><b>Facing the future</b></p><p><blockquote><b>面向未来</b></blockquote></p><p></p><p>It’s impossible to predict how, or even whether, this all ends. It doesn’t have to: High-priced stocks could eventually earn the profits necessary to justify today’s valuations, especially with the economy’s current head of steam. In he meantime, more extreme pockets of speculation may collapse under their own weight as profits disappoint or competition emerges.</p><p><blockquote>无法预测这一切将如何结束，甚至是否会结束。事实并非如此：高价股票最终可能会赚取必要的利润来证明当今的估值是合理的，尤其是在经济目前处于领先地位的情况下。与此同时，随着利润令人失望或竞争的出现，更极端的投机领域可能会在自身压力下崩溃。</blockquote></p><p>Bitcoin once threatened to displace the dollar; now numerous competitors purport to do the same.TeslaInc.was once about the only stock you could buy to bet on electric vehicles; now there is China’s NIO Inc.,NikolaCorp., andFiskerInc.,not to mention established manufacturers such as Volkswagen AG andGeneral MotorsCo.that are rolling out ever more electric models.</p><p><blockquote>比特币曾威胁要取代美元；现在，许多竞争对手也声称要做同样的事情。特斯拉公司曾经是你唯一可以购买来押注电动汽车的股票；现在有蔚来、NikolaCorp.和FiskerInc.，更不用说大众汽车公司和通用汽车公司等老牌制造商正在推出越来越多的电动车型。</blockquote></p><p>But for assets across the board to fall would likely involve some sort of macroeconomic event, such as a recession, financial crisis, or inflation.</p><p><blockquote>但资产全面下跌可能涉及某种宏观经济事件，例如经济衰退、金融危机或通货膨胀。</blockquote></p><p>The Fed report this past week said the virus remains the biggest threat to the economy and thus the financial system. April’s jobs disappointment was a reminder of how unsettled the economic outlook remains. Still, with the virus in retreat, a recession seems unlikely now. A financial crisis linked to some hidden fragility can’t be ruled out. Still, banks have so much capital and mortgage underwriting is so tight that something similar to the 2007-09 financial crisis, which began with defaulting mortgages, seems remote. If junk bonds, cryptocoins or tech stocks are bought primarily with borrowed money, a plunge in their values could precipitate a wave of forced selling, bankruptcies and potentially a crisis. But that doesn’t seem to have happened. The recent collapse of Archegos Capital Management from reversals on derivatives-based stock investments inflicted losses on its lenders. But it didn’t threaten their survival or trigger contagion to similarly situated firms.</p><p><blockquote>美联储上周的报告称，该病毒仍然是对经济乃至金融体系的最大威胁。4月份的就业令人失望提醒人们经济前景仍然多么不稳定。尽管如此，随着病毒的消退，经济衰退现在似乎不太可能发生。不能排除与一些隐藏的脆弱性相关的金融危机。尽管如此，银行拥有如此多的资本，而抵押贷款承销又如此紧张，以至于类似于2007-09年始于抵押贷款违约的金融危机似乎很遥远。如果垃圾债券、加密货币或科技股主要是用借来的钱购买的，其价值暴跌可能会引发一波强制抛售、破产和潜在的危机。但这似乎并没有发生。Archegos Capital Management最近因衍生品股票投资逆转而倒闭，给其贷方造成了损失。但这并没有威胁到他们的生存，也没有引发对处境相似的公司的蔓延。</blockquote></p><p>“Where’s the second Archegos?” said Mr. Bianco. “There hasn’t been one yet.”</p><p><blockquote>“第二个阿尔奇戈斯在哪里？”比安科先生说。“还没有。”</blockquote></p><p>That leaves inflation. Fear of inflation is widespread now with shortages of semiconductors, lumber, and workers all putting upward pressure on prices and costs. Most forecasters, and the Fed, think those pressures will ease once the economy has reopened and normal spending patterns resume. Nonetheless, the difference between yields on regular and inflation-indexed bond yields suggest investors are expecting inflation in coming years to average about 2.5%. That is hardly a repeat of the 1970s, and compatible with the Fed’s new goal of average 2% inflation over the long term. Nonetheless, it would be a clear break from the sub-2% range of the last decade.</p><p><blockquote>这就剩下通货膨胀了。由于半导体、木材和工人的短缺都给价格和成本带来了上行压力，对通胀的担忧现在很普遍。大多数预测者和美联储认为，一旦经济重新开放和正常支出模式恢复，这些压力将会缓解。尽管如此，常规债券收益率和通胀指数债券收益率之间的差异表明，投资者预计未来几年的通胀率平均约为2.5%。这很难是20世纪70年代的重演，也符合美联储长期平均通胀率2%的新目标。尽管如此，这将明显打破过去十年低于2%的区间。</blockquote></p><p>Slightly higher inflation would result in the Fed setting short-term interest rates also slightly higher, which need not hurt stock valuations. More worrisome: Long-term bond yields, which are critical to stock values, might rise significantly more. Since the late 1990s, bond and stock prices have tended to move in opposite directions. That is because when inflation isn’t a concern, economic shocks tend to drive both bond yields (which move in the opposite direction to prices) and stock prices down. Bonds thus act as an insurance policy against losses on stocks, for which investors are willing to accept lower yields. If inflation becomes a problem again, then bonds lose that insurance value and their yields will rise. In recent months that stock-bond correlation, in place for most of the last few decades, began to disappear, said Brian Sack, a former Fed economist who is now with hedge fund D.E. Shaw &amp; Co. LP. He attributes that, in part, to inflation concerns.</p><p><blockquote>通胀略高将导致美联储将短期利率也略高，这不一定会损害股票估值。更令人担忧的是：对股票价值至关重要的长期债券收益率可能会大幅上升。自20世纪90年代末以来，债券和股票价格往往朝着相反的方向波动。这是因为当通胀不是问题时，经济冲击往往会压低债券收益率（与价格走势相反）和股票价格。因此，债券充当了抵御股票损失的保险政策，投资者愿意接受较低的收益率。如果通货膨胀再次成为一个问题，那么债券就会失去保险价值，其收益率就会上升。前美联储经济学家、现就职于对冲基金D.E.的布莱恩·萨克(Brian Sack)表示，近几个月来，过去几十年大部分时间里存在的股债相关性开始消失。肖公司。他将此部分归因于通胀担忧。</blockquote></p><p>The many years since inflation dominated the financial landscape have led investors to price assets as if inflation never will have that sway again. They may be right. But if the unprecedented combination of monetary and fiscal stimulus succeeds in jolting the economy out of the last decade’s pattern, that complacency could prove quite costly.</p><p><blockquote>多年来，通货膨胀主导了金融领域，这导致投资者对资产定价，就好像通货膨胀再也不会产生这种影响一样。他们可能是对的。但如果史无前例的货币和财政刺激组合成功地使经济摆脱了过去十年的模式，这种自满可能会付出相当大的代价。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/what-happens-to-stocks-and-cryptocurrencies-when-the-fed-stops-raining-money-11620446420?mod=itp_wsj\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/what-happens-to-stocks-and-cryptocurrencies-when-the-fed-stops-raining-money-11620446420?mod=itp_wsj","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122089368","content_text":"To veterans of financial bubbles, there is plenty familiar about the present. Stock valuations are their richest since the dot-com bubble in 2000. Home prices are back to their pre-financial crisis peak. Risky companies can borrow at the lowest rates on record. Individual investors are pouring money into green energy and cryptocurrency.This boom has some legitimate explanations, from the advances in digital commerce to fiscally greased growth that will likely be the strongest since 1983.But there is one driver above all: the Federal Reserve. Easy monetary policy has regularly fueled financial booms, and it is exceptionally easy now. The Fed has kept interest rates near zero for the past year and signaled rates won’t change for at least two more years. It is buying hundreds of billions of dollars of bonds. As a result, the 10-year Treasury bond yield is well below inflation—that is, real yields are deeply negative —for only the second time in 40 years.There are good reasons why rates are so low. The Fed acted in response to a pandemic that at its most intense threatened even more damage than the 2007-09 financial crisis. Yet in great part thanks to the Fed and Congress, which has passed some $5 trillion in fiscal stimulus, this recovery looks much healthier than the last. That could undermine the reasons for such low rates, threatening the underpinnings of market.“Equity markets at a minimum are priced to perfection on the assumption rates will be low for a long time,” said Harvard University economist Jeremy Stein, who served as a Fed governor alongside now-chairman Jerome Powell. “And certainly you get the sense the Fed is trying really hard to say, ‘Everything is fine, we’re in no rush to raise rates.’ But while I don’t think we’re headed for sustained high inflation it’s completely possible we’ll have several quarters of hot readings on inflation.”Since stocks’ valuations are only justified if interest rates stay extremely low, how do they reprice if the Fed has to tighten monetary policy to combat inflation and bond yields rise one to 1.5 percentage points, he asked. “You could get a serious correction in asset prices.”‘A bit frothy’The Fed has been here before. In the late 1990s its willingness to cut rates in response to the Asian financial crisis and the near collapse of the hedge fund Long-Term Capital Management was seen by some as an implicit market backstop, inflating the ensuing dot-com bubble. Its low-rate policy in the wake of that collapsed bubble was then blamed for driving up housing prices. Both times Fed officials defended their policy, arguing that to raise rates (or not cut them) simply to prevent bubbles would compromise their main goals of low unemployment and inflation, and do more harm than letting the bubble deflate on its own.As for this year, in a report this week the central bank warned asset “valuations are generally high” and “vulnerable to significant declines should investor risk appetite fall, progress on containing the virus disappoint, or the recovery stall.” On April 28 Mr. Powell acknowledged markets look “a bit frothy” and the Fed might be one of the reasons: “I won’t say it has nothing to do with monetary policy, but it has a tremendous amount to do with vaccination and reopening of the economy.” But he gave no hint the Fed was about to dial back its stimulus: “The economy is a long way from our goals.” A Labor Department report Friday showing that far fewer jobs were created in April than Wall Street expected underlined that.The Fed’s choices are heavily influenced by the financial crisis. While the Fed cut rates to near zero and bought bonds then as well, it was battling powerful headwinds as households, banks, and governments sought to pay down debts. That held back spending and pushed inflation below the Fed’s 2% target. Deeper-seated forces such as aging populations also held down growth and interest rates, a combination some dubbed “secular stagnation.”The pandemic shutdown a year ago triggered a hit to economic output that was initially worse than the financial crisis. But after two months, economic activity began to recover as restrictions eased and businesses adapted to social distancing. The Fed initiated new lending programs and Congress passed the $2.2 trillion Cares Act. Vaccines arrived sooner than expected. The U.S. economy is likely to hit its pre-pandemic size in the current quarter, two years faster than after the financial crisis.And yet even as the outlook has improved, the fiscal and monetary taps remain wide open. Democrats first proposed an additional $3 trillion in stimulus last May when output was expected to fall 6% last year. It actually fell less than half that, but Democrats, after winning both the White House and Congress, pressed ahead with the same size stimulus.The Fed began buying bonds in March, 2020 to counter chaotic conditions in markets. In late summer, with markets functioning normally, it extended the program while tilting the rationale toward keeping bond yields low.At the same time it unveiled a new framework: After years of inflation running below 2%, it would aim to push inflation not just back to 2% but higher, so that over time average and expected inflation would both stabilize at 2%. To that end, it promised not to raise rates until full employment had been restored and inflation was 2% and headed higher. Officials predicted that would not happen before 2024 and have since stuck to that guidance despite a significantly improving outlook.Running of the bullsThis injection of unprecedented monetary and fiscal stimulus into an economy already rebounding thanks to vaccinations is why Wall Street strategists are their most bullish on stocks since before the last financial crisis, according to a survey byBank of AmericaCorp.While profit forecasts have risen briskly, stocks have risen more. The S&P 500 stock index now trades at about 22 times the coming year’s profits, according to FactSet, a level only exceeded at the peak of the dot-com boom in 2000.Other asset markets are similarly stretched. Investors are willing to buy the bonds of junk-rated companies at the lowest yields since at least 1995, and the narrowest spread above safe Treasurys since 2007, according to Bloomberg Barclays data. Residential and commercial property prices, adjusted for inflation, are around the peak reached in 2006.Stock and property valuations are more justifiable today than in 2000 or in 2006 because the returns on riskless Treasury bonds are so much lower. In that sense, the Fed’s policies are working precisely as intended: improving both the economic outlook, which is good for profits, housing demand, and corporate creditworthiness; and the appetite for risk.Nonetheless, low rates are no longer sufficient to justify some asset valuations. Instead, bulls invoke alternative metrics.Bank of America recently noted companies with relatively low carbon emissions and higher water efficiency earn higher valuations. These valuations aren’t the result of superior cash flow or profit prospects, but a tidal wave of funds invested according to environmental, social and governance, or ESG, criteria.Conventional valuation is also useless for cryptocurrencies which earn no interest, rent or dividends. Instead, advocates claim digital currencies will displace the fiat currencies issued by central banks as a transaction medium and store of value. “Crypto has the potential to be as revolutionary and widely adopted as the internet,” claims the prospectus of the initial public offering of crypto exchangeCoinbase GlobalInc.,in language reminiscent of internet-related IPOs more than two decades earlier. Cryptocurrencies as of April 29 were worth more than $2 trillion, according to CoinDesk, an information service, roughly equivalent to all U.S. dollars in circulation.Financial innovation is also at work, as it has been in past financial booms. Portfolio insurance, a strategy designed to hedge against market losses, amplified selling during the 1987 stock market crash. In the 1990s, internet stockbrokers fueled tech stocks and in the 2000s, subprime mortgage derivatives helped finance housing. The equivalent today are zero commission brokers such as Robinhood Markets Inc., fractional ownership and social media, all of which have empowered individual investors.Such investors increasingly influence the overall market’s direction, according to a recent report by the Bank for International Settlements, a consortium of the world’s central banks. It found, for example, that since 2017 trading volume in exchange-traded funds that track the S&P 500, a favorite of institutional investors, has flattened while the volume in its component stocks, which individual investors prefer, has climbed. Individuals, it noted, are more likely to buy a company’s shares for reasons unrelated to its underlying business—because, for example, its name is similar to another stock that is on the rise.While such speculation is often blamed on the Fed, drawing a direct line is difficult. Not so with fiscal stimulus. Jim Bianco, the head of financial research firm Bianco Research, said flows into exchange-traded funds and mutual funds jumped in March as the Treasury distributed $1,400 stimulus checks. “The first thing you do with your check is deposit it in your account and in 2021 that’s your brokerage account,” said Mr. Bianco.Facing the futureIt’s impossible to predict how, or even whether, this all ends. It doesn’t have to: High-priced stocks could eventually earn the profits necessary to justify today’s valuations, especially with the economy’s current head of steam. In he meantime, more extreme pockets of speculation may collapse under their own weight as profits disappoint or competition emerges.Bitcoin once threatened to displace the dollar; now numerous competitors purport to do the same.TeslaInc.was once about the only stock you could buy to bet on electric vehicles; now there is China’s NIO Inc.,NikolaCorp., andFiskerInc.,not to mention established manufacturers such as Volkswagen AG andGeneral MotorsCo.that are rolling out ever more electric models.But for assets across the board to fall would likely involve some sort of macroeconomic event, such as a recession, financial crisis, or inflation.The Fed report this past week said the virus remains the biggest threat to the economy and thus the financial system. April’s jobs disappointment was a reminder of how unsettled the economic outlook remains. Still, with the virus in retreat, a recession seems unlikely now. A financial crisis linked to some hidden fragility can’t be ruled out. Still, banks have so much capital and mortgage underwriting is so tight that something similar to the 2007-09 financial crisis, which began with defaulting mortgages, seems remote. If junk bonds, cryptocoins or tech stocks are bought primarily with borrowed money, a plunge in their values could precipitate a wave of forced selling, bankruptcies and potentially a crisis. But that doesn’t seem to have happened. The recent collapse of Archegos Capital Management from reversals on derivatives-based stock investments inflicted losses on its lenders. But it didn’t threaten their survival or trigger contagion to similarly situated firms.“Where’s the second Archegos?” said Mr. Bianco. “There hasn’t been one yet.”That leaves inflation. Fear of inflation is widespread now with shortages of semiconductors, lumber, and workers all putting upward pressure on prices and costs. Most forecasters, and the Fed, think those pressures will ease once the economy has reopened and normal spending patterns resume. Nonetheless, the difference between yields on regular and inflation-indexed bond yields suggest investors are expecting inflation in coming years to average about 2.5%. That is hardly a repeat of the 1970s, and compatible with the Fed’s new goal of average 2% inflation over the long term. Nonetheless, it would be a clear break from the sub-2% range of the last decade.Slightly higher inflation would result in the Fed setting short-term interest rates also slightly higher, which need not hurt stock valuations. More worrisome: Long-term bond yields, which are critical to stock values, might rise significantly more. Since the late 1990s, bond and stock prices have tended to move in opposite directions. That is because when inflation isn’t a concern, economic shocks tend to drive both bond yields (which move in the opposite direction to prices) and stock prices down. Bonds thus act as an insurance policy against losses on stocks, for which investors are willing to accept lower yields. If inflation becomes a problem again, then bonds lose that insurance value and their yields will rise. In recent months that stock-bond correlation, in place for most of the last few decades, began to disappear, said Brian Sack, a former Fed economist who is now with hedge fund D.E. Shaw & Co. LP. He attributes that, in part, to inflation concerns.The many years since inflation dominated the financial landscape have led investors to price assets as if inflation never will have that sway again. They may be right. But if the unprecedented combination of monetary and fiscal stimulus succeeds in jolting the economy out of the last decade’s pattern, that complacency could prove quite costly.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":393,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108325768,"gmtCreate":1620001515254,"gmtModify":1634208684515,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Tech stocks are always worth the buy. Personally,&nbsp;I am going for&nbsp;Apple. It&nbsp;keeps me&nbsp;Healthy. Pls&nbsp;Like and comments.&nbsp;","listText":"Tech stocks are always worth the buy. Personally,&nbsp;I am going for&nbsp;Apple. It&nbsp;keeps me&nbsp;Healthy. Pls&nbsp;Like and comments.&nbsp;","text":"Tech stocks are always worth the buy. Personally, I am going for Apple. It keeps me Healthy. Pls Like and comments.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/108325768","repostId":"1184469535","repostType":2,"isVote":1,"tweetType":1,"viewCount":190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101014665,"gmtCreate":1619830533657,"gmtModify":1634209667348,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Pls comments and likes thanks.&nbsp;","listText":"Pls comments and likes thanks.&nbsp;","text":"Pls comments and likes thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/101014665","repostId":"1142063705","repostType":4,"isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148271591,"gmtCreate":1625983370313,"gmtModify":1631883738373,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a>Guys for sharing and pleasure readings. On the Right Track. Check this out! —&nbsp;EUA APPLICATION FOR CANADA HAS BEEN FILED THROUGH VACCIGEN 6/30/21.","listText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a>Guys for sharing and pleasure readings. On the Right Track. Check this out! —&nbsp;EUA APPLICATION FOR CANADA HAS BEEN FILED THROUGH VACCIGEN 6/30/21.","text":"$Histogenics(OCGN)$Guys for sharing and pleasure readings. On the Right Track. Check this out! — EUA APPLICATION FOR CANADA HAS BEEN FILED THROUGH VACCIGEN 6/30/21.","images":[{"img":"https://static.tigerbbs.com/ab94113fca26e3e5935e588c9e4170c5","width":"1242","height":"2688"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":18,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/148271591","isVote":1,"tweetType":1,"viewCount":1497,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},{"id":814933206,"gmtCreate":1630738510005,"gmtModify":1631885172572,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"It’s a good business modal with good moat.&nbsp;","listText":"It’s a good business modal with good moat.&nbsp;","text":"It’s a good business modal with good moat.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/814933206","repostId":"2164872049","repostType":4,"repost":{"id":"2164872049","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1630679468,"share":"https://www.laohu8.com/m/news/2164872049?lang=zh_CN&edition=full","pubTime":"2021-09-03 22:31","market":"us","language":"en","title":"Zooming In On Zoom's Solid But Not Good Enough Results<blockquote>放大Zoom可靠但不够好的结果</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2164872049","media":"Benzinga","summary":"Despite logging its first billion-dollar quarter, the stock of Zoom Video Communications (NASDAQ: ZM) fell almost 11% on Monday after the company posted a higher-than-expected earnings forecast for the full year. The revenue guidance exactly met expectations, but sales-growth rates fall to new lows.","content":"<p>Despite logging its first billion-dollar quarter, the stock of&nbsp;<b>Zoom</b>&nbsp;<b>Video Communications</b> (NASDAQ:ZM) fell almost 11% on Monday after the company posted a higher-than-expected earnings forecast for the full year. The revenue guidance exactly met expectations, but sales-growth rates fall to new lows. In simple words, the video platform has continued to grow, but not at the overly optimistic pace that analysts expected.</p><p><blockquote>尽管第一个季度的收入达到了10亿美元，但<b>Zoom</b> <b>视频通信</b>（纳斯达克：ZM）周一下跌近11%，此前该公司公布了高于预期的全年盈利预测。收入指引完全符合预期，但销售增长率跌至新低。简单来说，视频平台一直在持续增长，但没有达到分析师预期的过于乐观的速度。</blockquote></p><p> <h4>Q2 Figures</h4> For the quarter that ended on July 31st, revenue increased by 54% YoY in the quarter &nbsp;and topping $1 billion for the first time as it amounted to $1.02 billion, also exceeding Refinitiv expectations of $991.0 million as expected by analysts, according to Refinitiv. Adjusted net income came in 48% higher from the year-ago quarter, amounting to $1.36 per share, also exceeding $1.16 expected by Refinitiv. Free cash flow improved 22% as it improved to $455 million.</p><p><blockquote><h4>第二季度数据</h4>根据Refinitiv的数据，截至7月31日的季度，该季度收入同比增长54%，首次突破10亿美元，达到10.2亿美元，也超过了分析师预期的9.91亿美元。调整后净利润较去年同期增长48%，达到每股1.36美元，也超过Refinitiv预期的1.16美元。自由现金流增长22%，达到4.55亿美元。</blockquote></p><p> Gross margin improved from 72.3% in the previous quarter to 74.4%. Gross margin benefited from new data center capacity as well as lower usage during the summer, thanks in part to the school break. The Zoom Phone cloud-based phone service expanded from 1.5 million three months earlier to 2 million seats.</p><p><blockquote>毛利率从上一季度的72.3%提高至74.4%。毛利率受益于新的数据中心容量以及夏季使用率的降低，部分原因是学校放假。Zoom Phone基于云的电话服务从三个月前的150万个扩展到200万个座位。</blockquote></p><p> <h4>Outlook</h4> During the quarter, Zoom announced it will acquire cloud contact-center software provider Five9, along with the availability of Zoom Events for premium online meetings. The video communications company also invested in event software maker Cvent that sought to go public through a SPAC.</p><p><blockquote><h4>世界观</h4>本季度，Zoom宣布将收购云联络中心软件提供商Five9，并为高级在线会议提供Zoom Events。这家视频通信公司还投资了活动软件制造商Cvent，该公司寻求通过SPAC上市。</blockquote></p><p> As for the undergoing quarter, Zoom is guiding to 31% growth. Adjusted earnings per share are expected in the range between $1.07 to $1.08 with $1.015 billion to $1.020 billion in revenue.</p><p><blockquote>至于本季度，Zoom预计增长31%。调整后每股收益预计在1.07美元至1.08美元之间，营收为10.15亿美元至10.20亿美元。</blockquote></p><p> For the full fiscal year, it improved its forecast as coronavirus case counts have increased and many companies delayed plans to reopen offices. Adjusted earnings are expected to be in the range between $4.75 to $4.79 per share with the revenue range being within $4.005 billion and $4.015 billion in revenue. Previous estimates for adjusted earnings were $4.56 to $4.61 and $3.98 billion to $3.99 billion for revenue.</p><p><blockquote>对于整个财年，由于冠状病毒病例数增加以及许多公司推迟了重新开放办事处的计划，该公司提高了预测。预计调整后每股收益在4.75美元至4.79美元之间，营收在40.05亿美元至40.15亿美元之间。此前对调整后收益的预期为4.56美元至4.61美元，营收为39.8亿美元至39.9亿美元。</blockquote></p><p> The forecast is ahead of analysts' consensus estimates for both adjusted earnings per share and revenue, being $4.67 and $4.01 billion, respectively.</p><p><blockquote>该预测高于分析师对调整后每股收益和营收的普遍预期，分别为4.67美元和40.1亿美元。</blockquote></p><p> The guidance assumes strong growth for the direct and channel businesses, but also a weakness in the online business because of challenges encountered by smaller customers and consumers. Gross margin is expected to expand with students resuming classes.</p><p><blockquote>该指南假设直销和渠道业务将强劲增长，但由于小客户和消费者遇到的挑战，在线业务也将疲软。随着学生复课，毛利率预计将扩大。</blockquote></p><p> <h4>The Verdict</h4> By most standards,&nbsp;Zoom's business metrics look solid with 2,278 customers contributing $100,000 or more to its annual revenue. This is well over double its last year's big-client count. Customers with more than 10 employees vaulted over the half-million mark, up 36% YoY. On a trailing 12-month basis, net dollar expansion rates remained above 130%. But its results just weren't good enough for Wall Street who was not pleased to see the company calling for roughly flat third-quarter revenue compared to the second quarter.</p><p><blockquote><h4>判决</h4>按照大多数标准，Zoom的业务指标看起来很稳健，有2,278名客户为其年收入贡献了10万美元或更多。这是去年大客户数量的两倍多。拥有10名以上员工的客户突破50万大关，同比增长36%。在过去12个月的基础上，美元净增长率保持在130%以上。但对于华尔街来说，其业绩还不够好，华尔街不高兴看到该公司要求第三季度收入与第二季度大致持平。</blockquote></p><p> <i>This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com</i></p><p><blockquote><i>本文不是新闻稿，由IAMNewswire的经过验证的独立记者撰写。在任何时候都不应将其解释为投资建议，请阅读完整的披露。IAM Newswire在上述公司中没有任何职位。新闻稿-如果您正在寻找完整的新闻稿分发，请联系：press@iamnewswire.com贡献者-IAM Newswire接受推介。如果您有兴趣成为IAM记者，请联系：contributors@iamnewswire.com</i></blockquote></p><p> The post Zooming in on Zoom's Solid But Not Good Enough Results appeared first on IAM Newswire.</p><p><blockquote>放大Zoom稳健但不够好的结果的帖子首先出现在IAM新闻专线上。</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>Zooming In On Zoom's Solid But Not Good Enough Results<blockquote>放大Zoom可靠但不够好的结果</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\">\nZooming In On Zoom's Solid But Not Good Enough Results<blockquote>放大Zoom可靠但不够好的结果</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-09-03 22:31</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Despite logging its first billion-dollar quarter, the stock of&nbsp;<b>Zoom</b>&nbsp;<b>Video Communications</b> (NASDAQ:ZM) fell almost 11% on Monday after the company posted a higher-than-expected earnings forecast for the full year. The revenue guidance exactly met expectations, but sales-growth rates fall to new lows. In simple words, the video platform has continued to grow, but not at the overly optimistic pace that analysts expected.</p><p><blockquote>尽管第一个季度的收入达到了10亿美元，但<b>Zoom</b> <b>视频通信</b>（纳斯达克：ZM）周一下跌近11%，此前该公司公布了高于预期的全年盈利预测。收入指引完全符合预期，但销售增长率跌至新低。简单来说，视频平台一直在持续增长，但没有达到分析师预期的过于乐观的速度。</blockquote></p><p> <h4>Q2 Figures</h4> For the quarter that ended on July 31st, revenue increased by 54% YoY in the quarter &nbsp;and topping $1 billion for the first time as it amounted to $1.02 billion, also exceeding Refinitiv expectations of $991.0 million as expected by analysts, according to Refinitiv. Adjusted net income came in 48% higher from the year-ago quarter, amounting to $1.36 per share, also exceeding $1.16 expected by Refinitiv. Free cash flow improved 22% as it improved to $455 million.</p><p><blockquote><h4>第二季度数据</h4>根据Refinitiv的数据，截至7月31日的季度，该季度收入同比增长54%，首次突破10亿美元，达到10.2亿美元，也超过了分析师预期的9.91亿美元。调整后净利润较去年同期增长48%，达到每股1.36美元，也超过Refinitiv预期的1.16美元。自由现金流增长22%，达到4.55亿美元。</blockquote></p><p> Gross margin improved from 72.3% in the previous quarter to 74.4%. Gross margin benefited from new data center capacity as well as lower usage during the summer, thanks in part to the school break. The Zoom Phone cloud-based phone service expanded from 1.5 million three months earlier to 2 million seats.</p><p><blockquote>毛利率从上一季度的72.3%提高至74.4%。毛利率受益于新的数据中心容量以及夏季使用率的降低，部分原因是学校放假。Zoom Phone基于云的电话服务从三个月前的150万个扩展到200万个座位。</blockquote></p><p> <h4>Outlook</h4> During the quarter, Zoom announced it will acquire cloud contact-center software provider Five9, along with the availability of Zoom Events for premium online meetings. The video communications company also invested in event software maker Cvent that sought to go public through a SPAC.</p><p><blockquote><h4>世界观</h4>本季度，Zoom宣布将收购云联络中心软件提供商Five9，并为高级在线会议提供Zoom Events。这家视频通信公司还投资了活动软件制造商Cvent，该公司寻求通过SPAC上市。</blockquote></p><p> As for the undergoing quarter, Zoom is guiding to 31% growth. Adjusted earnings per share are expected in the range between $1.07 to $1.08 with $1.015 billion to $1.020 billion in revenue.</p><p><blockquote>至于本季度，Zoom预计增长31%。调整后每股收益预计在1.07美元至1.08美元之间，营收为10.15亿美元至10.20亿美元。</blockquote></p><p> For the full fiscal year, it improved its forecast as coronavirus case counts have increased and many companies delayed plans to reopen offices. Adjusted earnings are expected to be in the range between $4.75 to $4.79 per share with the revenue range being within $4.005 billion and $4.015 billion in revenue. Previous estimates for adjusted earnings were $4.56 to $4.61 and $3.98 billion to $3.99 billion for revenue.</p><p><blockquote>对于整个财年，由于冠状病毒病例数增加以及许多公司推迟了重新开放办事处的计划，该公司提高了预测。预计调整后每股收益在4.75美元至4.79美元之间，营收在40.05亿美元至40.15亿美元之间。此前对调整后收益的预期为4.56美元至4.61美元，营收为39.8亿美元至39.9亿美元。</blockquote></p><p> The forecast is ahead of analysts' consensus estimates for both adjusted earnings per share and revenue, being $4.67 and $4.01 billion, respectively.</p><p><blockquote>该预测高于分析师对调整后每股收益和营收的普遍预期，分别为4.67美元和40.1亿美元。</blockquote></p><p> The guidance assumes strong growth for the direct and channel businesses, but also a weakness in the online business because of challenges encountered by smaller customers and consumers. Gross margin is expected to expand with students resuming classes.</p><p><blockquote>该指南假设直销和渠道业务将强劲增长，但由于小客户和消费者遇到的挑战，在线业务也将疲软。随着学生复课，毛利率预计将扩大。</blockquote></p><p> <h4>The Verdict</h4> By most standards,&nbsp;Zoom's business metrics look solid with 2,278 customers contributing $100,000 or more to its annual revenue. This is well over double its last year's big-client count. Customers with more than 10 employees vaulted over the half-million mark, up 36% YoY. On a trailing 12-month basis, net dollar expansion rates remained above 130%. But its results just weren't good enough for Wall Street who was not pleased to see the company calling for roughly flat third-quarter revenue compared to the second quarter.</p><p><blockquote><h4>判决</h4>按照大多数标准，Zoom的业务指标看起来很稳健，有2,278名客户为其年收入贡献了10万美元或更多。这是去年大客户数量的两倍多。拥有10名以上员工的客户突破50万大关，同比增长36%。在过去12个月的基础上，美元净增长率保持在130%以上。但对于华尔街来说，其业绩还不够好，华尔街不高兴看到该公司要求第三季度收入与第二季度大致持平。</blockquote></p><p> <i>This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com</i></p><p><blockquote><i>本文不是新闻稿，由IAMNewswire的经过验证的独立记者撰写。在任何时候都不应将其解释为投资建议，请阅读完整的披露。IAM Newswire在上述公司中没有任何职位。新闻稿-如果您正在寻找完整的新闻稿分发，请联系：press@iamnewswire.com贡献者-IAM Newswire接受推介。如果您有兴趣成为IAM记者，请联系：contributors@iamnewswire.com</i></blockquote></p><p> The post Zooming in on Zoom's Solid But Not Good Enough Results appeared first on IAM Newswire.</p><p><blockquote>放大Zoom稳健但不够好的结果的帖子首先出现在IAM新闻专线上。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164872049","content_text":"Despite logging its first billion-dollar quarter, the stock of Zoom Video Communications (NASDAQ:ZM) fell almost 11% on Monday after the company posted a higher-than-expected earnings forecast for the full year. The revenue guidance exactly met expectations, but sales-growth rates fall to new lows. In simple words, the video platform has continued to grow, but not at the overly optimistic pace that analysts expected.\nQ2 Figures\nFor the quarter that ended on July 31st, revenue increased by 54% YoY in the quarter  and topping $1 billion for the first time as it amounted to $1.02 billion, also exceeding Refinitiv expectations of $991.0 million as expected by analysts, according to Refinitiv. Adjusted net income came in 48% higher from the year-ago quarter, amounting to $1.36 per share, also exceeding $1.16 expected by Refinitiv. Free cash flow improved 22% as it improved to $455 million.\nGross margin improved from 72.3% in the previous quarter to 74.4%. Gross margin benefited from new data center capacity as well as lower usage during the summer, thanks in part to the school break. The Zoom Phone cloud-based phone service expanded from 1.5 million three months earlier to 2 million seats.\nOutlook\nDuring the quarter, Zoom announced it will acquire cloud contact-center software provider Five9, along with the availability of Zoom Events for premium online meetings. The video communications company also invested in event software maker Cvent that sought to go public through a SPAC.\nAs for the undergoing quarter, Zoom is guiding to 31% growth. Adjusted earnings per share are expected in the range between $1.07 to $1.08 with $1.015 billion to $1.020 billion in revenue.\nFor the full fiscal year, it improved its forecast as coronavirus case counts have increased and many companies delayed plans to reopen offices. Adjusted earnings are expected to be in the range between $4.75 to $4.79 per share with the revenue range being within $4.005 billion and $4.015 billion in revenue. Previous estimates for adjusted earnings were $4.56 to $4.61 and $3.98 billion to $3.99 billion for revenue.\nThe forecast is ahead of analysts' consensus estimates for both adjusted earnings per share and revenue, being $4.67 and $4.01 billion, respectively.\nThe guidance assumes strong growth for the direct and channel businesses, but also a weakness in the online business because of challenges encountered by smaller customers and consumers. Gross margin is expected to expand with students resuming classes.\nThe Verdict\nBy most standards, Zoom's business metrics look solid with 2,278 customers contributing $100,000 or more to its annual revenue. This is well over double its last year's big-client count. Customers with more than 10 employees vaulted over the half-million mark, up 36% YoY. On a trailing 12-month basis, net dollar expansion rates remained above 130%. But its results just weren't good enough for Wall Street who was not pleased to see the company calling for roughly flat third-quarter revenue compared to the second quarter.\nThis article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com\nThe post Zooming in on Zoom's Solid But Not Good Enough Results appeared first on IAM Newswire.","news_type":1,"symbols_score_info":{"ZM":0.9}},"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126440059,"gmtCreate":1624582732671,"gmtModify":1633950988695,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"Bullish all the way till end July.&nbsp;","listText":"Bullish all the way till end July.&nbsp;","text":"Bullish all the way till end July.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/126440059","repostId":"2146023477","repostType":4,"isVote":1,"tweetType":1,"viewCount":285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815053292,"gmtCreate":1630631697716,"gmtModify":1631885172585,"author":{"id":"3578811676095048","authorId":"3578811676095048","name":"S土豪熊貓G","avatar":"https://static.tigerbbs.com/2bf36dcb8e5b590c1e5f4df466413275","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578811676095048","idStr":"3578811676095048"},"themes":[],"htmlText":"This is the inherit problems of all EV.&nbsp;Tesla will find its&nbsp;way through. Buy with caution.&nbsp;","listText":"This is the inherit problems of all EV.&nbsp;Tesla will find its&nbsp;way through. Buy with caution.&nbsp;","text":"This is the inherit problems of all EV. Tesla will find its way through. Buy with caution.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/815053292","repostId":"1103995208","repostType":4,"repost":{"id":"1103995208","kind":"news","pubTimestamp":1630629549,"share":"https://www.laohu8.com/m/news/1103995208?lang=zh_CN&edition=full","pubTime":"2021-09-03 08:39","market":"us","language":"en","title":"Tesla Halted Production In China For 4 Days In August Due To The Semiconductor Shortage<blockquote>因半导体短缺特斯拉8月在华停产4天</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1103995208","media":"zerohedge","summary":"Production output for Tesla in China has reportedly once again been halted and is being  blamed on the global semiconductor shortage.Short of the pandemic, the semi shortage has become a very convenient scapegoat, especially for the auto industry, for numerous manufacturers who have shut down production temporarily and idled plants throughout 2021.Tesla's Shanghai plant was halted \"for about four days\" in August, according to anew report from Reuters.In China, Tesla sold 32,968 China-made vehicl","content":"<p>Production output for Tesla in China has reportedly once again been halted and is being (once again) blamed on the global semiconductor shortage.</p><p><blockquote>据报道，特斯拉在华生产再次停止，并（再次）被归咎于全球半导体短缺。</blockquote></p><p> Short of the pandemic, the semi shortage has become a very convenient scapegoat, especially for the auto industry, for numerous manufacturers who have shut down production temporarily and idled plants throughout 2021.</p><p><blockquote>除了疫情，半短缺已经成为一个非常方便的替罪羊，特别是对于汽车行业来说，对于许多制造商来说，他们在2021年全年暂时关闭生产并闲置工厂。</blockquote></p><p> Tesla's Shanghai plant was halted \"for about four days\" in August, according to anew report from Reuters.</p><p><blockquote>据路透社最新报道，特斯拉上海工厂8月份停产“约四天”。</blockquote></p><p> Production is reportedly now \"back to normal\" and the halt was blamed on shortages with the availability of electronic control units, mainly for the company's Model Y.</p><p><blockquote>据报道，生产现已“恢复正常”，停产被归咎于电子控制单元的短缺，主要用于该公司的Model Y。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/088a74e39307bb5a626cdf7ae62f75c0\" tg-width=\"532\" tg-height=\"300\" width=\"100%\" height=\"auto\">In China, Tesla sold 32,968 China-made vehicles in July - this includes vehicles sold in China and vehicles exported - according to the China Passenger Car Association (CPCA). This was below the 33,155 vehicles sold in June; a number that we pointed out could have been a sign that the ship had steadied between Tesla and China - and that demand was once again rising.</p><p><blockquote>根据中国乘用车协会(CPCA)的数据，特斯拉7月份在中国销售了32,968辆中国制造的汽车，其中包括在中国销售的汽车和出口的汽车。这低于6月份的33,155辆销量；我们指出的一个数字可能表明特斯拉和中国之间的船舶已经稳定下来，并且需求再次上升。</blockquote></p><p> But July's numbers seem to indicate little, if any, growth in demand between June and July.</p><p><blockquote>但7月份的数据似乎表明6月至7月期间的需求增长甚微（如果有的话）。</blockquote></p><p> Shipments of locally made vehicles sold in China plunged, to 8,621 cars from 28,138 in June. There is generally cyclicality for automaker sales wherein the beginning of a quarter (July) comes in markedly lower than the end of the previous quarter (June).</p><p><blockquote>在中国销售的本地制造汽车出货量从6月份的28,138辆骤降至8,621辆。汽车制造商的销售通常存在周期性，季度初（7月）明显低于上一季度末（6月）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/100cff92002adb2ace977d6b7234a6b4\" tg-width=\"660\" tg-height=\"393\" width=\"100%\" height=\"auto\">PCA Secretary General Cui Dongshu said during a briefing last month: “Tesla tends to be aggressive in exports regardless of the domestic market in July. The fact that Tesla’s domestic deliveries didn’t reach 10,000 is normal and fine.”</p><p><blockquote>PCA秘书长崔东树在上个月的一次吹风会上表示：“特斯拉7月份不顾国内市场，倾向于积极出口。特斯拉国内交付量没有达到1万辆，这是正常的，也很好。”</blockquote></p><p> 24,347 of the 32,968 cars made in China were manufactured for export.</p><p><blockquote>中国制造的32,968辆汽车中有24,347辆用于出口。</blockquote></p><p> Tesla fell between BYD, who sold 50,387 China-made EVs and GM/SAIC, who sold 27.347 EVs.</p><p><blockquote>特斯拉位于比亚迪（售出50,387辆国产电动汽车）和通用/上汽（售出27.347辆电动汽车）之间。</blockquote></p><p> Recall, other automakers have slowed production due to the semi shortage, too. Wereported last monththat Toyota had slashed&nbsp;global production for September by 40% from its previous outlook. The production cut will reduce Toyota's global production for September from 900,000 automobiles to 500,000.</p><p><blockquote>回想一下，其他汽车制造商也因半成品短缺而放慢了生产速度。上个月有报道称，丰田已将9月份全球产量较之前的预期削减了40%。此次减产将使丰田9月份的全球产量从90万辆减少到50万辆。</blockquote></p><p> As a result,&nbsp;Toyota's global production for the month will be below that of last September,&nbsp;when demand was beginning to recover from the initial stages of the coronavirus pandemic and Toyota turned out 840,000 units.</p><p><blockquote>因此，丰田本月的全球产量将低于去年9月，当时需求开始从冠状病毒大流行的初始阶段恢复，丰田产量为84万辆。</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>Tesla Halted Production In China For 4 Days In August Due To The Semiconductor Shortage<blockquote>因半导体短缺特斯拉8月在华停产4天</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\">\nTesla Halted Production In China For 4 Days In August Due To The Semiconductor Shortage<blockquote>因半导体短缺特斯拉8月在华停产4天</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-09-03 08:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Production output for Tesla in China has reportedly once again been halted and is being (once again) blamed on the global semiconductor shortage.</p><p><blockquote>据报道，特斯拉在华生产再次停止，并（再次）被归咎于全球半导体短缺。</blockquote></p><p> Short of the pandemic, the semi shortage has become a very convenient scapegoat, especially for the auto industry, for numerous manufacturers who have shut down production temporarily and idled plants throughout 2021.</p><p><blockquote>除了疫情，半短缺已经成为一个非常方便的替罪羊，特别是对于汽车行业来说，对于许多制造商来说，他们在2021年全年暂时关闭生产并闲置工厂。</blockquote></p><p> Tesla's Shanghai plant was halted \"for about four days\" in August, according to anew report from Reuters.</p><p><blockquote>据路透社最新报道，特斯拉上海工厂8月份停产“约四天”。</blockquote></p><p> Production is reportedly now \"back to normal\" and the halt was blamed on shortages with the availability of electronic control units, mainly for the company's Model Y.</p><p><blockquote>据报道，生产现已“恢复正常”，停产被归咎于电子控制单元的短缺，主要用于该公司的Model Y。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/088a74e39307bb5a626cdf7ae62f75c0\" tg-width=\"532\" tg-height=\"300\" width=\"100%\" height=\"auto\">In China, Tesla sold 32,968 China-made vehicles in July - this includes vehicles sold in China and vehicles exported - according to the China Passenger Car Association (CPCA). This was below the 33,155 vehicles sold in June; a number that we pointed out could have been a sign that the ship had steadied between Tesla and China - and that demand was once again rising.</p><p><blockquote>根据中国乘用车协会(CPCA)的数据，特斯拉7月份在中国销售了32,968辆中国制造的汽车，其中包括在中国销售的汽车和出口的汽车。这低于6月份的33,155辆销量；我们指出的一个数字可能表明特斯拉和中国之间的船舶已经稳定下来，并且需求再次上升。</blockquote></p><p> But July's numbers seem to indicate little, if any, growth in demand between June and July.</p><p><blockquote>但7月份的数据似乎表明6月至7月期间的需求增长甚微（如果有的话）。</blockquote></p><p> Shipments of locally made vehicles sold in China plunged, to 8,621 cars from 28,138 in June. There is generally cyclicality for automaker sales wherein the beginning of a quarter (July) comes in markedly lower than the end of the previous quarter (June).</p><p><blockquote>在中国销售的本地制造汽车出货量从6月份的28,138辆骤降至8,621辆。汽车制造商的销售通常存在周期性，季度初（7月）明显低于上一季度末（6月）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/100cff92002adb2ace977d6b7234a6b4\" tg-width=\"660\" tg-height=\"393\" width=\"100%\" height=\"auto\">PCA Secretary General Cui Dongshu said during a briefing last month: “Tesla tends to be aggressive in exports regardless of the domestic market in July. The fact that Tesla’s domestic deliveries didn’t reach 10,000 is normal and fine.”</p><p><blockquote>PCA秘书长崔东树在上个月的一次吹风会上表示：“特斯拉7月份不顾国内市场，倾向于积极出口。特斯拉国内交付量没有达到1万辆，这是正常的，也很好。”</blockquote></p><p> 24,347 of the 32,968 cars made in China were manufactured for export.</p><p><blockquote>中国制造的32,968辆汽车中有24,347辆用于出口。</blockquote></p><p> Tesla fell between BYD, who sold 50,387 China-made EVs and GM/SAIC, who sold 27.347 EVs.</p><p><blockquote>特斯拉位于比亚迪（售出50,387辆国产电动汽车）和通用/上汽（售出27.347辆电动汽车）之间。</blockquote></p><p> Recall, other automakers have slowed production due to the semi shortage, too. Wereported last monththat Toyota had slashed&nbsp;global production for September by 40% from its previous outlook. The production cut will reduce Toyota's global production for September from 900,000 automobiles to 500,000.</p><p><blockquote>回想一下，其他汽车制造商也因半成品短缺而放慢了生产速度。上个月有报道称，丰田已将9月份全球产量较之前的预期削减了40%。此次减产将使丰田9月份的全球产量从90万辆减少到50万辆。</blockquote></p><p> As a result,&nbsp;Toyota's global production for the month will be below that of last September,&nbsp;when demand was beginning to recover from the initial stages of the coronavirus pandemic and Toyota turned out 840,000 units.</p><p><blockquote>因此，丰田本月的全球产量将低于去年9月，当时需求开始从冠状病毒大流行的初始阶段恢复，丰田产量为84万辆。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/tesla-halted-production-china-4-days-august-due-semiconductor-shortage?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.zerohedge.com/markets/tesla-halted-production-china-4-days-august-due-semiconductor-shortage?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103995208","content_text":"Production output for Tesla in China has reportedly once again been halted and is being (once again) blamed on the global semiconductor shortage.\nShort of the pandemic, the semi shortage has become a very convenient scapegoat, especially for the auto industry, for numerous manufacturers who have shut down production temporarily and idled plants throughout 2021.\nTesla's Shanghai plant was halted \"for about four days\" in August, according to anew report from Reuters.\nProduction is reportedly now \"back to normal\" and the halt was blamed on shortages with the availability of electronic control units, mainly for the company's Model Y.\nIn China, Tesla sold 32,968 China-made vehicles in July - this includes vehicles sold in China and vehicles exported - according to the China Passenger Car Association (CPCA). This was below the 33,155 vehicles sold in June; a number that we pointed out could have been a sign that the ship had steadied between Tesla and China - and that demand was once again rising.\nBut July's numbers seem to indicate little, if any, growth in demand between June and July.\nShipments of locally made vehicles sold in China plunged, to 8,621 cars from 28,138 in June. There is generally cyclicality for automaker sales wherein the beginning of a quarter (July) comes in markedly lower than the end of the previous quarter (June).\nPCA Secretary General Cui Dongshu said during a briefing last month: “Tesla tends to be aggressive in exports regardless of the domestic market in July. The fact that Tesla’s domestic deliveries didn’t reach 10,000 is normal and fine.”\n24,347 of the 32,968 cars made in China were manufactured for export.\nTesla fell between BYD, who sold 50,387 China-made EVs and GM/SAIC, who sold 27.347 EVs.\nRecall, other automakers have slowed production due to the semi shortage, too. Wereported last monththat Toyota had slashed global production for September by 40% from its previous outlook. The production cut will reduce Toyota's global production for September from 900,000 automobiles to 500,000.\nAs a result, Toyota's global production for the month will be below that of last September, when demand was beginning to recover from the initial stages of the coronavirus pandemic and Toyota turned out 840,000 units.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}