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Nvidia's rapid sales growth has made it difficult for Wall Street analysts and even Nvidia executives to accurately predict the company's future revenues. The surge in demand for Nvidia's chips, driven by the artificial intelligence boom, has consistently exceeded financial estimates. The uncertainty lies in the supply variable, as it is challenging to anticipate how much money the chipmaker will generate in the future. Despite the high valuation multiples, Nvidia's strong growth makes its stock price more reasonable, although there is concern that the company's ability to surpass growth expectations may decrease as it continues to expand. [Extracted from the article]

Nvidia Corp., the world's most valuable chipmaker, continues to attract investors despite its already impressive performance. The company recently announced plans for new chips to maintain its competitive edge, and analysts have raised their price target to $1,500. Nvidia's dominance in artificial intelligence (AI) chips has propelled its rapid growth, transforming it into the third-most valuable company in the world. While some express caution and skepticism, the majority of analysts rate Nvidia as a buy, and its net income and profit margins are expected to continue to rise. [Extracted from the article]

Nvidia Corp., the world's most valuable chipmaker, continues to attract investors despite its already impressive performance. The company recently announced plans for new chips to stay ahead of the competition, and analysts have raised their price target for Nvidia. Its dominance in artificial intelligence (AI) chips has propelled its rapid growth and transformed it into the third-most valuable company in the world. While some caution and skepticism exist, Nvidia's sales and profit margins are expected to continue to rise, making it an attractive investment option. [Extracted from the article]

Nvidia Corp., the world's most valuable chipmaker, continues to experience massive growth and profitability, making it an attractive stock for investors. The company's dominance in artificial intelligence (AI) chips has propelled its rapid rise in value, with its market capitalization now nearing $2.9 trillion. Nvidia's competitors have been unable to catch up in the AI space, and major technology companies are increasing their spending on AI computing infrastructure. Analysts expect Nvidia's net income to more than double in the current fiscal year, and its profit margins and pricing power are also increasing. Despite some caution and skepticism, many investors remain bullish on Nvidia's future prospects. [Extracted from the article]

Pacific Investment Management Co. (Pimco) is warning that the US fiscal deficit could cause the Treasury market to resemble the 1980s, when bond vigilantes demanded higher compensation for holding longer-dated bonds. Pimco argues that a combination of stickier inflation and deteriorating budget estimates could reverse the 40-year downtrend in bond yields. The firm suggests that if term premiums, which represent the extra yield investors seek for holding longer-term debt, return to levels seen in the late 1990s to early 2000s, it could have significant implications for financial markets. Pimco also notes that rising deficits are a concern and that markets act as a disciplining mechanism for governments. [Extracted from the article]

Pacific Investment Management Co. (Pimco) is warning that the US fiscal deficit could cause the Treasury market to resemble the 1980s, when bond vigilantes demanded higher compensation for holding longer-dated bonds. Pimco argues that a combination of stickier inflation and deteriorating budget estimates could reverse the 40-year downtrend in bond yields. The firm suggests that if term premiums, which represent the extra yield investors seek for holding longer-term debt, return to levels seen in the late 1990s to early 2000s, it could have significant implications for financial markets. Pimco also highlights the potential for a steeper yield curve and a correction in the curve as the term premium increases. [Extracted from the article]

While interest expenses for S&P 500 companies have gone up, "the biggest companies with the most cash live in a different world", according to Ed Clissold and Thanh Nguyen at Ned Davis Research. (Bloomberg) -- Amid a rocky earnings season for giant companies, cash-rich megacap tech stocks have found an unlikely friend: soaring yields in fixed-income markets. As a result, the Redmond, Washington-based company leapfrogged Alphabet to rank second among non-financial S&P 500 companies by cash on hand - behind Apple, which has $167 billion in cash and marketable securities. [Extracted from the article]

As a result, the Redmond, Washington-based company leapfrogged Alphabet to rank second among non-financial S&P 500 companies by cash on hand - behind Apple, which has $167 billion in cash and marketable securities. (Bloomberg) -- Cash-rich megacap tech stocks have an unlikely friend at earnings season: soaring yields in fixed-income markets. While interest expenses for S&P 500 companies have gone up, "the biggest companies with the most cash live in a different world", according to Ed Clissold and Thanh Nguyen at Ned Davis Research. [Extracted from the article]

Focuses on the discounted-cash-flow model for valuing corporations. How the method works; Its use by managers, academics, and investment bankers who price companies involved in mergers or acquisitions; Recommendation that investors use them to evaluate stock prices; Web sites that can help investors compute discounted-cash-flow; Risks of this method; Comparison to price-earnings ratios and other methods of valuation.

Part of the reason fossil-fuel assets continue to be mispriced lies in the time horizon investors typically apply, according to Simm. (Bloomberg) -- Financial markets aren't pricing in the heightened risk of mass writedowns across energy portfolios that's implied by the Inflation Reduction Act, according to the chief executive officer of Impax Asset Management. [Extracted from the article]

Part of the reason fossil-fuel assets continue to be mispriced lies in the time horizon investors typically apply, according to Simm. (Bloomberg) -- Financial markets aren't pricing in the heightened risk of mass writedowns across energy portfolios that's implied by the Inflation Reduction Act, according to the chief executive officer of Impax Asset Management. [Extracted from the article]

(Bloomberg) -- Financial markets aren't pricing in the heightened risk of mass writedowns across energy portfolios that's implied by the Inflation Reduction Act, according to the chief executive officer of Impax Asset Management. Part of the reason fossil-fuel assets continue to be mispriced lies in the time horizon investors typically apply, according to Simm. [Extracted from the article]

The London-based firm reported a $453 million loss for the year ended Dec. 31, compared with a $248 million profit for the period from March 24 through December 2021, Petershill said in a statement Tuesday. (Bloomberg) -- Petershill Partners Plc has swung to a loss after the Goldman Sachs Group Inc.-backed investor in alternative fund managers marked down the value of its investments, the latest sign of how higher interest rates are hitting the industry. [Extracted from the article]

R2LU73DWX2PS00000 DNMLENf-20211115091134.xml R2LU73DWX2PS (Bloomberg) -- Heineken NV agreed to buy South African wine and spirits maker Distell Group Holdings Ltd. for 2.2 billion euros ($2.5 billion), creating a new regional group to compete with larger rival Anheuser-Busch InBev SA and spirits giant Diageo Plc. Keywords: 184023Z@SJ; DGH@SJ; HEIA@NA; NBS@NW; REM@SJ; AFRICA; ALLTOP; BON; BUSINESS; CONS; CONSS; COS; EUROPE; FIN; INDUSTRIES; MARKETS; STK; TOP; WORLD; WWTOP; WWTOPEU EN 184023Z@SJ DGH@SJ HEIA@NA NBS@NW REM@SJ AFRICA ALLTOP BON BUSINESS CONS CONSS COS EUROPE FIN INDUSTRIES MARKETS STK TOP WORLD WWTOP WWTOPEU Heineken NV agreed to buy South African wine and spirits maker Distell Group Holdings Ltd. for 2.2 billion euros ($2.5 billion), creating a new regional group to compete with larger rival Anheuser-Busch InBev SA and spirits giant Diageo Plc. [Extracted from the article]

(Bloomberg) -- After years of breakneck growth that catapulted Chinese tech firms into stock market giants, a number of strategists are coming to terms with the new reality of a sector beset by slower expansion and lower earnings. JPMorgan Chase & Co. slashed its target prices across China tech last month, some by more than a half, after changing their valuation model. Morgan Stanley has lowered target prices for tech firms including Alibaba Group Holding Ltd. and Tencent Holdings Ltd., while China International Capital Corp. said this week it assumes zero valuation for some tech investments in 2022. [Extracted from the article]

Presents letters to the editor about the October 4 cover story, "Fuzzy numbers," that focused on accounting and financial statements. Praise for the article's assertion that more disclosure is needed in corporate reporting; View that audited generally accepted accounting principles earnings can be misleading; Variation in the discounted cash flow values; Suggestion for achieving accounting standards; Question of whether David Henry could find a company with best practices in accounting.

The article presents Warren E. Buffett and how value investing works for him. Value investors like Buffett are focused on buying stocks based on market position and brand name. Buffett evaluates a company's worth using discounted cash flow. His investments include Washington Post, Salomon Brothers and Geico.

The article focuses on the growing popularity of the discounted cash flow (DCF) among big companies that are now active in making acquisitions. It explains how corporations traditionally use DCF and its significance as a powerful method of viewing future performance and returns. It also discusses the use of DCF by U.S. companies like Eaton Corp. and Northwest Industries Inc. in their acquisition planning.

The Defiance Next Gen SPAC Derived ETF (SPAK) plunged as much as 4.1% onTuesday, extending its year-to-date losses at one point to about 20%. The once red-hot SPAC market has gone cold. SPAC Mania Gives Way to "Meh" as ETFs Drop Toward All-Time Lows. [Extracted from the article]

(Bloomberg) -- German bonds are stuck in a rut and traders will be looking to European growth and inflation data to knock them out of it next week. And July inflation data, set for the same day, is not seen picking up, showing the challenge for the European Central Bank's efforts to achieve its inflation target. [Extracted from the article]

(Bloomberg) -- Subscribe to What Goes Up on Apple PodcastsSubscribe to What Goes Up on Pocket CastsSubscribe to What Goes Up on Spotify Rob Arnott, chairman and co-founder of Research Affiliates, has spent a lot of time studying market bubbles. My definition that you can use in real-time is if you wanted to value an asset using discounted cash flow or some other accepted valuation method, you would have to use implausible assumptions to justify the current multiple." Mentioned in this podcast: Rob Arnott Says It's Insanely Stupid to Chase Market Bubbles U.S. Stock Market Bull Run In Recession Makes Investors AnxiousYes. [Extracted from the article]

(Bloomberg) -- They call it the big bang transition, the day when European interest-rate derivatives markets finally shift to a new benchmark next week. In Europe, the largest banks are already in contact over compensation tied to their swaption portfolios, said Jan Rosam, a partner at Ernst & Young in Germany. [Extracted from the article]

The Mesa Wind project, built on federal land not far from Palm Springs, is one of the first major wind power projects in the U.S., and its 460 turbines have been whirring away on either side of Interstate 10 for almost four decades. As an example of how much solar has improved over time, the largest photovoltaic project built in the U.S. in 2007 cost more than $100 million (just over $7 million per megawatt), has a peak output of 14.2 megawatts, and uses a single-axis tracking system to enable its 200-Watt modules to follow the sun. As with Mesa Wind, it would use more efficient, lower-cost hardware and software than anything built in the first decade of this century, which would mean increased output at lower cost. [Extracted from the article]

(Bloomberg) -- Biogen Inc. investors should strap themselves in for a volatile week ahead of a key patent decision on its blockbuster multiple sclerosis drug. Competitor Mylan NV is challenging a patent on the drug, Tecfidera, that could wipe out eight years of exclusivity for Biogen and bring a copycat drug to patients sooner than hoped. [Extracted from the article]

(Bloomberg) -- Incyte Corp. tumbled 12% Friday, the most since April 2018, after the biopharmaceutical company's itacitinib failed a Phase 3 study for treatment of acute graft-versus-host disease. Frahm doesn't have a price target but his sum-of-the-parts analysis is worth $80 per share prior to any contribution from Incyte's dermatology pipeline. [Extracted from the article]

SoftBank to Have "Last Laugh" on WeWork Deal, Bernstein Says (Bloomberg) -- SoftBank Group Corp.'s massive investment in WeWork triggered a multi-billion-dollar writedown and a rare apology from founder Masayoshi Son. Chris Lane of Sanford C. Bernstein says WeWork can have a bright future if SoftBank overhauls the business plan and more carefully focuses on the evolution of the corporate office market. [Extracted from the article]

SoftBank Will Have "Last Laugh" With WeWork Deal, Bernstein Says (Bloomberg) -- SoftBank Group Corp.'s massive investment in WeWork triggered a multi-billion-dollar writedown and a rare apology from founder Masayoshi Son. Chris Lane of Sanford C. Bernstein says WeWork can have a bright future if SoftBank overhauls the business plan and more carefully focuses on the evolution of the corporate office market. [Extracted from the article]

(Bloomberg) -- Seeking a "Turnaround Story", One Investor Returns to Egypt Egypt's stock market is one of the world's best performers this year through mid-March as the nation pushes ahead with tough measures to revive the economy. NI: You were first drawn to Egypt during Mubarak's term, and now the country is being led by President Abdel Fattah El-Sisi. [Extracted from the article]

Cross-asset price swings vanish as Goldilocks-lite takes hold At a unit of Allianz, one of Europe's biggest insurers, low price swings are offering the chance to load up on U.S. interest-rate derivatives. [Extracted from the article]

(Bloomberg Opinion) -- Newmont Is Right to Be Reserved About Barrick: David Fickling It's true that Toronto-based Barrick's proposed share-exchange ratio would see Newmont shareholders bought out for about $1.6 billion less than their company is worth, based on stock prices on the eve of the deal. [Extracted from the article]

FedEx Corp. and United Parcel Service, Inc. face underappreciated competitive risks from Amazon Air, according to Morgan Stanley, which cut its price targets on the two package shipment companies, sending them lower in early trading. Morgan Stanley cut its estimates for volume growth, revenue growth and discounted cash flow for both UPS and FedEx. [Extracted from the article]

The next online dating company to go public probably won't be cheap, but might need to reach some middle-ground with investors on its valuation, according to an analyst and a portfolio manager. An initial public offering in Bumble could value the millennial-focused courtship app at as low as $1.1 billion, below the $1.5 billion figure it was reportedly seeking in January, according to calculations by Synovus Trust senior portfolio manager Dan Morgan. [Extracted from the article]

(Bloomberg Opinion) -- New York's AG Wields the Cost Weapon at Exxon: Liam Denning Regarding the Kearl oil sands project in Canada, for example, Exxon is alleged to have used proxy costs in its planning that all but wiped out projected emissions costs relative to those implied by publicly represented figures. [Extracted from the article]

Tesla Inc. investors are cheering the company's best-ever quarter with the shares of the company climbing in early trading, but Wall Street isn't yet ready to drop its cautious stance. Tesla's better-than-expected third-quarter results are reminiscent of the third quarter of 2016, in which transitory factors helped to drive positive earnings and cash flow, although those were not sustainable, and "is likely the same case now". Strong free cash flow of $881 million bolsters Tesla's balance sheet and should be sufficient to allay investor fears over cash burn. [Extracted from the article]

This is problematic in itself for E&P companies as a crash in oil prices, such as the one experienced, can generate large, non-cash charges on the profit and loss statement. Investors have made their displeasure felt when E&P companies show signs of not getting with the program. Investors are judging U.S. E&P firms by different metrics these days, and they favor cash preservation. [Extracted from the article]

Goldman Sachs has a buy rating on the stock and raised its price target to $480, the highest among analysts tracked by Bloomberg, up from $430. Miller has an outperform rating on Netflix but trimmed his price target to $464 from $494, which had been the highest on Wall Street. [Extracted from the article]

"I approach the investment universe neither from a geographical point of view nor an industry point of view", Gronblom said. Gronblom uses a so-called economic-value added method to assess potential investments, saying he finds it superior to the discounted cash flow method. In the past two years, most of the fund's investments have posted significant gains, led by Fevertree, LendingTree Inc., Amazon and PayPal. [Extracted from the article]

Investors in Gilead Sciences Inc. are still waiting for the company to prove the value of last year's purchase of Kite Pharma Inc., and time may be running out. Robert W. Baird & Co. analyst Brian Skorney says Gilead may have to write down the deal, which the company values at $11.9 billion. [Extracted from the article]

In addition, product margin improved 260 basis points "from lower product costs, a favorable product mix, and lower markdowns". Telsey rates outperform and raises her price target on the shares to $170 from $145. [Extracted from the article]

(Bloomberg Opinion) -- Freeport's Grasberg Jujitsu Move Will Pay Off: David Fickling With provincial and presidential elections looming, he'll have won symbolic control of a prized national asset at a price that looks much closer to the $8 billion equity value Jakarta has been putting out than the higher figures promulgated by Freeport. [Extracted from the article]

As Paul Singer's activist investment firm Elliot Management Corp. circles Hyundai Motor Group, proxy advisory firms Glass Lewis & Co. and Institutional Shareholder Services Inc. have urged investors to vote against a restructuring plan put forward by the South Korean conglomerate. That's a win for Hyundai's Chung family at the cost of Mobis shareholders, who will own 61.5 percent of the post-merger Glovis. The company used a discounted cash flow model - a standard corporate finance tool - to justify the equity value of the spun-off Mobis business. [Extracted from the article]

BLK would have been founded earlier, but when Onuoha called legal services provider LegalZoom to find out how to start a company, he was told to wait until he was 18. Point72 invited BLK members to its Manhattan office for an investment pitch competition in late April. Onuoha says BLK will consider CynergisTek as a possible first investment, while Point72 will consider the winners for summer internships. [Extracted from the article]

The recent weeks of sanctions, tariff dust-ups and tight oil supplies that jolted commodities prices higher have now got equities and Treasuries investors on the run, according to Weeden & Co. Unlike in February, when optimism over global growth sent Treasury yields higher, this time it's the price pressure from rising metals, Weeden's Michael Purves wrote in a note to investors Thursday. [Extracted from the article]

Aaron Brown looked at usage of internet websites and Silk Road Brown said Gram, the Telegram token, will derive its value from the transaction balances users hold -- in other words, the amount of Gram they leave in their accounts. At $200 billion, Telegram will have captured about 4 percent of total value of crypto coins, which Brown puts at $5 trillion. [Extracted from the article]

$103 Billion Quant Firm Says China Stocks "Very Compelling" (1) The world's No. 2 stock market is ripe for a quantitative style of investing, according to a $103 billion money manager that lists a cement maker, pharmaceutical brand and bank as its top picks in China. The money manager favors consumer stocks such as Jiangxi Wannianqing Cement Co., Harbin Medisan Pharmaceutical Co. and Bank of Jiangsu Co. that should benefit from rapid industrial growth and attractive equity valuations. [Extracted from the article]

(Bloomberg Gadfly) -- Noble Group's Carcass Is Being Stripped of All Its Meat: Gadfly While most of the fourth-quarter loss is water-under-the-bridge writedowns, the core company is still hemorrhaging cash. Operating income from its supply chains was about $25 million in the fourth quarter, Noble said Monday, That's roughly what the company expects to spend on trading and head office costs each quarter, with about the same going on interest payments. [Extracted from the article]

(Bloomberg Prophets) -- For Stocks to Succeed, Tech Needs to Lead Again: Nick Colas Most of the future earnings power embedded in tech valuations are many years distant, and lower long-term interest rates boost discounted cash flows valuations. Yes, large-cap tech stock valuations are high (18.9 times this year's earnings), but consumer discretionary (21 times), consumer staples (19.9 times) and industrials (19.4 times) are all higher. [Extracted from the article]

"It limits the Fed's operating flexibility, in my judgment, in terms of how fast and how much we can raise rates", Kaplan told Michael McKee in an interview Tuesday on Bloomberg Television. Kashkari separately told Bloomberg Television on Tuesday that a flatter yield curve partly reflects lower inflation expectations and shows investors are buying into the idea that long-term neutral rates, which balance savings and investment in the economy, have fallen. [Extracted from the article]