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Boris628
Boris628
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2021-02-15
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Boris628
Boris628
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2021-02-12
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Indian company Grofers plans to go public! SoftBank Investment, valued at 1 billion
2月11日消息,市场消息称,软银集团投资的印度在线杂货创业公司Grofers据悉将考虑通过特殊目的收购公司(SPAC)在美国上市,寻求以10亿美元的估值与SPAC达成交易。
Indian company Grofers plans to go public! SoftBank Investment, valued at 1 billion
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Boris628
Boris628
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2021-02-12
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Boris628
Boris628
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2021-02-12
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China becomes the third largest market, with Coca-Cola's revenue of $33 billion and profits of $9 billion
记者2月11日获悉,可口可乐公司刚发布的2020年第四季度及全年财报显示,其第四季度营收为86.1亿美元,经营利润为23.4亿美元,同比增长8%。而其2020年全年营收为330亿美元,经营利润为90亿美元,每股收益为1.95美元。目前中国已是可口可乐的全球第三大市场,其在中国的汽水品类销量也取得了增长。据可口可乐方面介绍,2020年下半年,太古可口可乐在中国新增的6条生产线均已如期投产,投资额总计达2.5亿元,新增年产值超过17亿元。
China becomes the third largest market, with Coca-Cola's revenue of $33 billion and profits of $9 billion
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Boris628
Boris628
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2021-02-12
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"Female Stock God" Wood: There is no bubble in U.S. stocks, but the bubble in the bond market has appeared
腾讯证券2月12日讯,尽管所有人都在关注美国股市可能已经处于泡沫之中的观点,但很重要的一点是要指出,并不是每个人都同意这个观点。 方舟投资公司(Ark Invest)的首席执行官凯西·伍德(Cathi
"Female Stock God" Wood: There is no bubble in U.S. stocks, but the bubble in the bond market has appeared
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Boris628
Boris628
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2021-02-12
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Baidu was exposed to set up a chip company! Why has the Internet entered the game to make cores?
市值突破1000亿美元大关后,百度最新进展也随之曝光——成立一家专门的AI芯片公司,独立发展的那种,像智能汽车模式的那种。而百度自研芯片昆仑2,也将于今年实现量产。消息一出,百度盘前大涨5%。不得不说
Baidu was exposed to set up a chip company! Why has the Internet entered the game to make cores?
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Boris628
Boris628
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2021-02-12
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Boris628
Boris628
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2021-02-12
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Boris628
Boris628
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2021-02-12
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Affirm, a beneficiary stock of e-commerce, how much room to grow?
由PayPal联合创始人兼前CTO,马克斯·列夫琴创立,公司名叫Affirm (AFRM.US)。Affirm股票是借着电子商务持续增长趋势而起...
Affirm, a beneficiary stock of e-commerce, how much room to grow?
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Boris628
Boris628
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2021-02-10
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SoftBank Investment, valued at 1 billion\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-02-11 18:59</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On February 11th, market news said that Grofers, an Indian online grocery startup invested by SoftBank Group, is reported to consider listing in the United States through a special purpose acquisition company (SPAC), seeking to reach a deal with SPAC at a valuation of $1 billion.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4bfb10b06725af696d5ea08c128fdad5","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175836597","content_text":"2月11日消息,市场消息称,软银集团投资的印度在线杂货创业公司Grofers据悉将考虑通过特殊目的收购公司(SPAC)在美国上市,寻求以10亿美元的估值与SPAC达成交易。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2002,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386084963,"gmtCreate":1613112759152,"gmtModify":1704878518174,"author":{"id":"3568930674369958","authorId":"3568930674369958","name":"Boris628","avatar":"https://static.tigerbbs.com/a8dfcfdfd3fab52796ba7c3129a89fe8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568930674369958","authorIdStr":"3568930674369958"},"themes":[],"title":"","htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386084963","repostId":"2110602101","repostType":2,"isVote":1,"tweetType":1,"viewCount":1844,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386085408,"gmtCreate":1613112724504,"gmtModify":1704878517364,"author":{"id":"3568930674369958","authorId":"3568930674369958","name":"Boris628","avatar":"https://static.tigerbbs.com/a8dfcfdfd3fab52796ba7c3129a89fe8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568930674369958","authorIdStr":"3568930674369958"},"themes":[],"title":"","htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386085408","repostId":"2110902400","repostType":2,"repost":{"id":"2110902400","kind":"news","pubTimestamp":1613086200,"share":"https://ttm.financial/m/news/2110902400?lang=en_US&edition=fundamental","pubTime":"2021-02-12 07:30","market":"us","language":"zh","title":"China becomes the third largest market, with Coca-Cola's revenue of $33 billion and profits of $9 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2110902400","media":"北京日报客户端","summary":"记者2月11日获悉,可口可乐公司刚发布的2020年第四季度及全年财报显示,其第四季度营收为86.1亿美元,经营利润为23.4亿美元,同比增长8%。而其2020年全年营收为330亿美元,经营利润为90亿美元,每股收益为1.95美元。目前中国已是可口可乐的全球第三大市场,其在中国的汽水品类销量也取得了增长。据可口可乐方面介绍,2020年下半年,太古可口可乐在中国新增的6条生产线均已如期投产,投资额总计达2.5亿元,新增年产值超过17亿元。","content":"<p><html><body><article>The reporter learned on February 11th that,<a href=\"https://laohu8.com/S/KO\">Coca Cola</a>The company's just-released financial report for the fourth quarter and full year of 2020 shows that its fourth-quarter revenue was 8.61 billion US dollars and operating profit was 2.34 billion US dollars, a year-on-year increase of 8%. While its full-year revenue in 2020 was $33 billion and its operating profit was $9 billion,<span>Earnings per share</span>It's $1.95.</p><p>At present, China is the third largest market for Coca-Cola in the world, and its sales of soda products in China have also increased. \"We are confident that we can continue to grow strongly this year, although the uncertainty of the pandemic remains in the near term,\" said Coca-Cola Chairman and Chief Executive Officer James Chan.</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210212073055546d246n8uku8m53m3\"/>It said in its earnings report that it expects higher single-digit revenue growth and potentially even double-digit EPS growth in 2021, despite pandemic-related uncertainty remaining.</p><p>In China, it is accelerating the balance of scale and localization. According to Coca-Cola, in the second half of 2020, Swire Coca-Cola's six new production lines in China have been put into operation on schedule, with a total investment of 250 million yuan and an additional annual output value of more than 1.7 billion yuan.</p><p>The reporter also noticed that Swire Coca-Cola's newly added plastic bottle production line in Hubei will also be put into production in April 2021. The first factory invested by COFCO Coca-Cola in Guizhou and the 20th bottling plant in China are under construction as planned, and are expected to be completed and put into operation in December 2021.</p><p>In November 2020, it launched the hot drink \"Coca-Cola Ginger +\" soda in China, which was specially developed for the Chinese market and the world's first soda that can be heated and drunk. It broke consumers' inherent impression that soda is a cold drink, and tried to better meet the drinking habits and taste preferences of Chinese consumers in different scenarios.</p><p>In addition to beverages, it also builds diversified online consumption experiences through cross-border and other means to more closely connect Chinese consumers. In January 2021, the Coca-Cola Company officially launched its first flagship store of apparel category in China on Tmall, providing Chinese consumers with cross-border co-branded products collaborated by global designers and local fashion brands. In the future, this clothing flagship store will also launch clothing made of recycled materials, which is close to the concept of recycling and sustainable consumption advocated by the Chinese government.</p><p>Credit: Coca-Cola</p><p></article></body></html></p>","source":"tencent","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>China becomes the third largest market, with Coca-Cola's revenue of $33 billion and profits of $9 billion</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\">\nChina becomes the third largest market, with Coca-Cola's revenue of $33 billion and profits of $9 billion\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">北京日报客户端</strong><span class=\"h-time small\">2021-02-12 07:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><article>The reporter learned on February 11th that,<a href=\"https://laohu8.com/S/KO\">Coca Cola</a>The company's just-released financial report for the fourth quarter and full year of 2020 shows that its fourth-quarter revenue was 8.61 billion US dollars and operating profit was 2.34 billion US dollars, a year-on-year increase of 8%. While its full-year revenue in 2020 was $33 billion and its operating profit was $9 billion,<span>Earnings per share</span>It's $1.95.</p><p>At present, China is the third largest market for Coca-Cola in the world, and its sales of soda products in China have also increased. \"We are confident that we can continue to grow strongly this year, although the uncertainty of the pandemic remains in the near term,\" said Coca-Cola Chairman and Chief Executive Officer James Chan.</p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210212073055546d246n8uku8m53m3\"/>It said in its earnings report that it expects higher single-digit revenue growth and potentially even double-digit EPS growth in 2021, despite pandemic-related uncertainty remaining.</p><p>In China, it is accelerating the balance of scale and localization. According to Coca-Cola, in the second half of 2020, Swire Coca-Cola's six new production lines in China have been put into operation on schedule, with a total investment of 250 million yuan and an additional annual output value of more than 1.7 billion yuan.</p><p>The reporter also noticed that Swire Coca-Cola's newly added plastic bottle production line in Hubei will also be put into production in April 2021. The first factory invested by COFCO Coca-Cola in Guizhou and the 20th bottling plant in China are under construction as planned, and are expected to be completed and put into operation in December 2021.</p><p>In November 2020, it launched the hot drink \"Coca-Cola Ginger +\" soda in China, which was specially developed for the Chinese market and the world's first soda that can be heated and drunk. It broke consumers' inherent impression that soda is a cold drink, and tried to better meet the drinking habits and taste preferences of Chinese consumers in different scenarios.</p><p>In addition to beverages, it also builds diversified online consumption experiences through cross-border and other means to more closely connect Chinese consumers. In January 2021, the Coca-Cola Company officially launched its first flagship store of apparel category in China on Tmall, providing Chinese consumers with cross-border co-branded products collaborated by global designers and local fashion brands. In the future, this clothing flagship store will also launch clothing made of recycled materials, which is close to the concept of recycling and sustainable consumption advocated by the Chinese government.</p><p>Credit: Coca-Cola</p><p></article></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20210212073055786fa0a0&s=b\">北京日报客户端</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d4130e6389dd597b1fd98bec5929e58b","relate_stocks":{"KO":"可口可乐"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20210212073055786fa0a0&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2110902400","content_text":"记者2月11日获悉,可口可乐公司刚发布的2020年第四季度及全年财报显示,其第四季度营收为86.1亿美元,经营利润为23.4亿美元,同比增长8%。而其2020年全年营收为330亿美元,经营利润为90亿美元,每股收益为1.95美元。目前中国已是可口可乐的全球第三大市场,其在中国的汽水品类销量也取得了增长。可口可乐公司董事长兼首席执行官詹鲲杰表示:“尽管短期内疫情的不确定性依然存在,但我们有信心能在今年继续强劲增长。”其在财报中表示,尽管仍存在与疫情相关的不确定性,但预计2021年收入将实现较高个位数的增长,每股收益甚至可能实现双位数的增长。在中国,其正在加速兼顾规模化和本地化。据可口可乐方面介绍,2020年下半年,太古可口可乐在中国新增的6条生产线均已如期投产,投资额总计达2.5亿元,新增年产值超过17亿元。记者也注意到,太古可口可乐在湖北新增的塑料瓶生产线也将于2021年4月投产。而中粮可口可乐在贵州投资的首家工厂、在全国布局的第20家装瓶厂正按计划建设中,则预计将于2021年12月建成投产。2020年11月其在中国推出了热饮“可口可乐生姜+”汽水,这是专为中国市场研制,也是其全球首款可加热饮用的汽水,打破了消费者对于汽水就是冷饮的固有印象,力图更好地贴近中国消费者在不同场景下的饮用习惯和口味偏好。除了饮料,其还通过跨界等方式构建多元化的在线消费体验,更紧密地连接中国消费者。2021年1月,可口可乐公司在中国的首家服饰品类旗舰店正式登陆天猫,为中国消费者提供全球设计师及各地潮牌合作的跨界联名单品。未来这一服饰旗舰店还将推出再生材质制成的服饰,贴近中国政府倡导的循环再生与可持续消费理念。图片来源:可口可乐","news_type":1,"symbols_score_info":{"KO":1}},"isVote":1,"tweetType":1,"viewCount":1720,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386085915,"gmtCreate":1613112657637,"gmtModify":1704878516714,"author":{"id":"3568930674369958","authorId":"3568930674369958","name":"Boris628","avatar":"https://static.tigerbbs.com/a8dfcfdfd3fab52796ba7c3129a89fe8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568930674369958","authorIdStr":"3568930674369958"},"themes":[],"title":"","htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386085915","repostId":"1150366475","repostType":2,"repost":{"id":"1150366475","kind":"news","pubTimestamp":1613100770,"share":"https://ttm.financial/m/news/1150366475?lang=en_US&edition=fundamental","pubTime":"2021-02-12 11:32","market":"us","language":"zh","title":"\"Female Stock God\" Wood: There is no bubble in U.S. stocks, but the bubble in the bond market has appeared","url":"https://stock-news.laohu8.com/highlight/detail?id=1150366475","media":"腾讯网 ","summary":"腾讯证券2月12日讯,尽管所有人都在关注美国股市可能已经处于泡沫之中的观点,但很重要的一点是要指出,并不是每个人都同意这个观点。\n方舟投资公司(Ark Invest)的首席执行官凯西·伍德(Cathi","content":"<p>Tencent Securities February 12th, although everyone is paying attention to the view that the U.S. stock market may already be in a bubble, it is important to point out that not everyone agrees with this view.</p><p>Cathie Wood, CEO of Ark Invest, has a reputation as a \"female stock goddess,\" and she manages both the Ark Innovation ETF and the Ark Genomic Revolution ETF and is arguably one of the most successful fund managers. According to data from financial information provider FactSet, these two ETFs (exchange-traded funds) have attracted more inflows than any other actively managed equity ETF in the past 12 months. And in a monthly webinar, Wood made arguments against the existence of a bubble in the stock market.</p><p>Since 2018, outflows from the stock market have reached around $300 billion, excluding the money spent by companies to buy back shares. Wood noted that $1 trillion has flowed into the bond market over the same period. \"If there's a bubble anywhere, it's not in the stock market, it's in the fixed income market,\" she said.</p><p>Private equity is fueling this bubble, Wood said. \"It's amazing to me to see those established private equity firms continue to improve leverage so that they can enjoy the distribution of private equity.\" By not investing in the future, private equity firms are using this to maintain high multiples of cash flow, she said. \"This has become an issue for these companies, and their high cash flow margins will disappear over time.\"</p><p>She pointed out that the once-skyrocketing trend of video game retailer GameStop (NYSE:GME, often referred to as \"Game Station\" in China) and AMC Entertainment's shares also fueled the bond market bubble. In the case of AMC Entertainment, the yield on its 5% coupon bonds has soared to 80% because the surge in share prices has allowed the movie theater operator to issue shares. She said: \"If AMC goes bankrupt, then who's going to be held responsible? I don't think a single share offering will change their situation.\"</p><p>Separately, Wood also attacked the passive investment model. \"We have seen a shift to a passive investment model over the past 20 years, and now it seems that the returns from this model are disappointing,\" she said. While she acknowledges that passive funds are indeed cheaper, she says they are \"cheap for a reason,\" a phrase often associated with arguments against value stocks. At the very least, Wood believes, risk should be hedged by investing in innovation.</p><p>In the stock market, there is a divide between those companies that are leading the way in innovation and investment and those that do not have that lead. Wood cited electric car maker Tesla, payment service company Square and streaming digital player maker Roku as examples of how evolving platform-based companies will be the biggest winners. \"We think the valuation of these companies will rise, just as Amazon's valuation has been rising all the time,\" she said.</p>","source":"lsy1571985465872","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>\"Female Stock God\" Wood: There is no bubble in U.S. stocks, but the bubble in the bond market has appeared</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\">\n\"Female Stock God\" Wood: There is no bubble in U.S. stocks, but the bubble in the bond market has appeared\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯网 </strong><span class=\"h-time small\">2021-02-12 11:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tencent Securities February 12th, although everyone is paying attention to the view that the U.S. stock market may already be in a bubble, it is important to point out that not everyone agrees with this view.</p><p>Cathie Wood, CEO of Ark Invest, has a reputation as a \"female stock goddess,\" and she manages both the Ark Innovation ETF and the Ark Genomic Revolution ETF and is arguably one of the most successful fund managers. According to data from financial information provider FactSet, these two ETFs (exchange-traded funds) have attracted more inflows than any other actively managed equity ETF in the past 12 months. And in a monthly webinar, Wood made arguments against the existence of a bubble in the stock market.</p><p>Since 2018, outflows from the stock market have reached around $300 billion, excluding the money spent by companies to buy back shares. Wood noted that $1 trillion has flowed into the bond market over the same period. \"If there's a bubble anywhere, it's not in the stock market, it's in the fixed income market,\" she said.</p><p>Private equity is fueling this bubble, Wood said. \"It's amazing to me to see those established private equity firms continue to improve leverage so that they can enjoy the distribution of private equity.\" By not investing in the future, private equity firms are using this to maintain high multiples of cash flow, she said. \"This has become an issue for these companies, and their high cash flow margins will disappear over time.\"</p><p>She pointed out that the once-skyrocketing trend of video game retailer GameStop (NYSE:GME, often referred to as \"Game Station\" in China) and AMC Entertainment's shares also fueled the bond market bubble. In the case of AMC Entertainment, the yield on its 5% coupon bonds has soared to 80% because the surge in share prices has allowed the movie theater operator to issue shares. She said: \"If AMC goes bankrupt, then who's going to be held responsible? I don't think a single share offering will change their situation.\"</p><p>Separately, Wood also attacked the passive investment model. \"We have seen a shift to a passive investment model over the past 20 years, and now it seems that the returns from this model are disappointing,\" she said. While she acknowledges that passive funds are indeed cheaper, she says they are \"cheap for a reason,\" a phrase often associated with arguments against value stocks. At the very least, Wood believes, risk should be hedged by investing in innovation.</p><p>In the stock market, there is a divide between those companies that are leading the way in innovation and investment and those that do not have that lead. Wood cited electric car maker Tesla, payment service company Square and streaming digital player maker Roku as examples of how evolving platform-based companies will be the biggest winners. \"We think the valuation of these companies will rise, just as Amazon's valuation has been rising all the time,\" she said.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://new.qq.com/omn/20210212/20210212A00QL100.html\">腾讯网 </a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fca8fb46987dd44f23033bff8816eaa7","relate_stocks":{"ROKU":"Roku Inc","TSLA":"特斯拉"},"source_url":"https://new.qq.com/omn/20210212/20210212A00QL100.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150366475","content_text":"腾讯证券2月12日讯,尽管所有人都在关注美国股市可能已经处于泡沫之中的观点,但很重要的一点是要指出,并不是每个人都同意这个观点。\n方舟投资公司(Ark Invest)的首席执行官凯西·伍德(Cathie Wood)享有“女股神”的盛誉,她管理着方舟创新ETF(ARK Innovation ETF)和方舟基因革命ETF(ARK Genomic Revolution ETF),可以说是最成功的基金经理人之一。据财经信息供应商FactSet提供的数据显示,在过去12个月时间里,这两只ETF(交易所交易基金)吸引的资金流入超过了其他任何主动管理型股票ETF。而在每月一次的网络研讨会上,伍德提出了反对股市存在泡沫的论点。\n自2018年以来,股票市场的资金流出达到了3000亿美元左右,其中不包括公司回购股票所花费的资金。伍德指出,同期已有1万亿美元资金流入债券市场。她说道:“如果说哪里有泡沫的话,那也不是在股市上,而是在固定收益市场上。”\n伍德表示,私人股本正在助长这个泡沫。“看到那些成熟的私募股权公司继续提高杠杆率,以便使其能够享受到私募股权的分配,这对我来说是令人惊讶的。”她表示,通过不投资于未来的方式,私募股权公司正在借此维持高倍数的现金流。“对这些公司来说,这已经成了一个问题,而随着时间的推移,它们的高现金流利润率将消失。”\n她指出,视频游戏零售商GameStop(NYSE:GME,国内常称为“游戏驿站”)和AMC娱乐公司股票一度暴涨的走势也助长了债券市场的泡沫。以AMC娱乐公司为例,其票面利率为5%的公司债的收益率已经飙升至80%,原因是股价的大涨使得这家电影院线运营商有能力发行股票。她表示:“如果AMC破产,那么谁来承担责任?我不认为一次股票发行就能改变他们的处境。”\n另外,伍德还抨击了被动型投资模式。她说道:“我们在过去20年里看到了向被动型投资模式的转变,而现在看来,这种模式所带来的回报令人失望的。”。虽然她承认被动型基金确实比较便宜的,但她表示,这种基金“便宜是有原因的”,这句话经常与反对价值股的论点联系在一起。伍德认为,至少应该通过投资创新来对冲风险。\n在股市上,那些在创新和投资方面处于领先地位的公司和那些没有这种领先优势的公司之间存在分歧。伍德列举了电动汽车制造商特斯拉、支付服务公司Square和流媒体数字播放器制造商Roku作为例子,说明正在演变之中的平台型公司将会最大的赢家。她说道:“我们认为,这些公司的估值将会上升,就像亚马逊的估值一直都在上升那样。”","news_type":1,"symbols_score_info":{"TSLA":0.9,"ROKU":0.9}},"isVote":1,"tweetType":1,"viewCount":1909,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386082708,"gmtCreate":1613112621104,"gmtModify":1704878516230,"author":{"id":"3568930674369958","authorId":"3568930674369958","name":"Boris628","avatar":"https://static.tigerbbs.com/a8dfcfdfd3fab52796ba7c3129a89fe8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568930674369958","authorIdStr":"3568930674369958"},"themes":[],"title":"","htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386082708","repostId":"1109604105","repostType":2,"repost":{"id":"1109604105","kind":"news","pubTimestamp":1613107738,"share":"https://ttm.financial/m/news/1109604105?lang=en_US&edition=fundamental","pubTime":"2021-02-12 13:28","market":"us","language":"zh","title":"Baidu was exposed to set up a chip company! Why has the Internet entered the game to make cores?","url":"https://stock-news.laohu8.com/highlight/detail?id=1109604105","media":"量子位 ","summary":"市值突破1000亿美元大关后,百度最新进展也随之曝光——成立一家专门的AI芯片公司,独立发展的那种,像智能汽车模式的那种。而百度自研芯片昆仑2,也将于今年实现量产。消息一出,百度盘前大涨5%。不得不说","content":"<p>After the market value exceeded the $100 billion mark,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>The latest developments have also been exposed —</p><p>Establish a dedicated<b>AI Chip Company</b>, the kind that develops independently, like<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The kind in car mode.</p><p>Baidu's self-developed chip Kunlun 2 will also achieve mass production this year.</p><p>As soon as the news came out, Baidu rose 5% before the market.</p><p>It has to be said that the actions of the head technology companies in recent years have been surprisingly consistent:</p><p>Both at home and abroad, it seems that they have set their sights on the field of \"AI chip\".</p><p><img src=\"https://static.tigerbbs.com/90a41f0b41a5ad062ea6d81e8f3937c5\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\"></p><p>First, mobile phone manufacturers such as<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Huawei and OPPO have gone to sea to develop AI chips.</p><p>In 2017, Apple A11 Bonic came out, adopting self-developed GPU for the first time, and equipped with neural network engine for the first time, opening the AI era of smartphones;</p><p>Huawei's \"Shengteng\" series chips were released, marking Huawei's official entry into the AI processor industry;</p><p>OPPO has also clearly entered semiconductors and built self-developed chips.</p><p>At the same time, Internet companies such as Google,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, BAT, also began to take action.</p><p>For example, Google began to design server chips for data centers in 2014, and set up a chip team in India in 2019.</p><p>AWS, one of Amazon's largest profit sources, a cloud computing company, also disclosed its first self-developed cloud server CPUGraviton at the end of 2018.</p><p>For example, Ali in China established \"Pingtou Brother Semiconductor Co., Ltd.\" in 2018 and officially entered the AI chip market;</p><p>As for<a href=\"https://laohu8.com/S/00700\">Tencent</a>, has also bet on Suiyuan Technology, focusing on the commercial landing of AI chips.</p><p>This time, Baidu announced the independent spin-off of AI chips, and even directly smashed the heavy news that self-developed chips were mass-produced this year.</p><p>The layout of BAT in core making is now clear.</p><p>Why are giants entering the game to make cores?</p><p>There are two main reasons why Internet giants entered the game to make cores.</p><p><img src=\"https://static.tigerbbs.com/d4cfa0e5f3e56944faf3d2485f097c7a\" tg-width=\"1080\" tg-height=\"406\" referrerpolicy=\"no-referrer\"></p><p>On the one hand, as far as the international situation is concerned, domestic technology companies have been stuck in foreign technology for a long time on chips.</p><p>In 2018, the U.S. Department of Commerce suddenly announced that it would ban U.S. businesses from paying<a href=\"https://laohu8.com/S/00763\">ZTE</a>Sell parts.</p><p>In March 2019,<a href=\"https://laohu8.com/S/000063\">ZTE</a>It announced a loss of 6.983 billion yuan in 2018, a difference of more than 10 billion yuan compared with a profit of 4.568 billion yuan in 2017.</p><p>Previously, ZTE relied on American chip companies for a large number of chip supplies. This incident is equivalent to a blow to domestic enterprises.</p><p>Before and after this, there were domestic enterprises such as DJI, Huawei, Xiaomi, etc., all of which were \"blocked\" by the United States to varying degrees.</p><p>In order to be unaffected by changes in the industry, Chinese companies must make corresponding choices.</p><p>It can be said that self-developed chips are a way that domestic enterprises must take.</p><p><img src=\"https://static.tigerbbs.com/48e8525be202d4f02f4386a2bc6ea57c\" tg-width=\"1080\" tg-height=\"810\" referrerpolicy=\"no-referrer\"></p><p>On the other hand, the demands and opportunities brought about by AI.</p><p>Previously, chips such as personal computers and mobile phones, although basically have been<a href=\"https://laohu8.com/S/INTC\">Intel</a>、<a href=\"https://laohu8.com/S/AMD\">AMD</a>And other companies are monopolized, but the rise of artificial intelligence technology is tantamount to bringing a rare window period to the industry.</p><p>With the rapid development of artificial intelligence algorithms, finance, medical care, energy, manufacturing, government affairs, transportation, home furnishing and other industries are realizing further \"AI + industrialization\".</p><p>While all walks of life are rapidly intelligent, the arrival of the epidemic has further accelerated the demand for artificial intelligence algorithms.</p><p>Whether it is the intelligent service demand such as \"unmanned\" or the intelligent voice demand such as \"contactless\", waves of industry are constantly forcing the application of AI technology.</p><p>The rapid development of software is bound to drive the innovation of hardware industry.</p><p>Faced with the special requirements of AI algorithm for computing power and task processing performance, the previous generation processors including GPU have shown a weak trend, and the actual task running efficiency is very low.</p><p><img src=\"https://static.tigerbbs.com/12b3a713c066634f25cfab7c9b4f97c9\" tg-width=\"1000\" tg-height=\"615\" referrerpolicy=\"no-referrer\"></p><p>And the software redefines the hardware, and the AI algorithm redefines the chip, reaching the breaking point.</p><p>The chip industry, under the impact of AI, has opened a gap, and hardware demand is constantly emerging.</p><p>This is undoubtedly the best time to enter the chip-</p><p>If domestic technology companies can seize this opportunity and develop AI chips while developing AI technology, the layout of integrated software and hardware will inevitably have an impact on foreign technology industries.</p><p>Catherine Wood, the \"bull market queen\" who once became a god because of her heavy positions in Musk and Bitcoin, boldly predicted in the 2021 ARK report that the future expenditure of AI chips will increase by more than 4 times:</p><p>From the current $5 billion, it will grow to $22 billion by 2025.</p><p>If a powerful player didn't do it at this time, when would he wait?</p><p>If you don't do it yourself, who will you treat?</p><p>Baidu's core-making, in fact, \"ten years to sharpen a sword\"</p><p>But this time, the independent spin-off of Baidu's AI chip business is just chasing the wind?</p><p>What's the confidence behind it?</p><p>Judging from the rhythm of domestic technology giants betting on chips, Baidu seems to be the latest.</p><p>However, if you trace your roots or are familiar with Baidu's technology bets, you will find that Baidu's original layout in chips has been launched as early as more than ten years ago.</p><p>As the earliest technology company in China to pay attention to AI, in 2010, in order to serve its own business, Baidu had begun to use FPGA for the research and development of AI architecture, and launched a small-scale deployment the following year.</p><p>By 2017, Baidu had completed the deployment of more than 10,000 FPGAs.</p><p>On this basis, in 2018, Baidu officially released its self-developed AI chip-<b>Baidu Kunlun</b>。</p><p><img src=\"https://static.tigerbbs.com/ded62bbc1daec92d2dcb15c4797a3bc3\" tg-width=\"1080\" tg-height=\"647\" referrerpolicy=\"no-referrer\"></p><p>Kunlun 1st generation processor is built on FPGA architecture, using 14nm process, 16GB HBM memory and 2.5D packaging solution, which can provide 512GB/s memory bandwidth.</p><p>Moreover, Kunlun 1 can achieve an INT8 processing capacity of 256 TOPS at a power lower than 150W.</p><p>That is to say, on the basis of meeting AI reasoning and conventional training, and supporting general artificial intelligence algorithms, Kunlun chip can further reduce the use cost.</p><p>To sum up, Kunlun has the following characteristics:</p><p><ul><li>Versatility, supporting all AI applications and scenarios;</p><p></li><li>Easy to program, can build a powerful software ecological moat;</p><p></li><li>High performance, which can support more in-depth AI application exploration;</p><p></li><li>Independent and controllable, while reducing the cost of use, alleviating the problem of being \"stuck\".</p><p></li></ul>Up to now, Kunlun 1 has mass-produced more than 20,000 pieces.</p><p>So, where are all such chips used? Is there a flowery stand?</p><p>In fact, Kunlun 1 has been widely deployed in Baidu search engine, which is familiar To the public, and Baidu intelligent cloud in To B.</p><p><img src=\"https://static.tigerbbs.com/765ac4e6ae4bf2f15ef887c3c8f49830\" tg-width=\"1080\" tg-height=\"706\" referrerpolicy=\"no-referrer\"></p><p>The most eco-leading open source deep learning framework in China<b>flying paddle</b>(PaddlePaddle), which is also deeply integrated with Kunlun chip, forms an integrated combination of software and hardware of \"self-developed chip + independent AI framework\".</p><p>And this mode of combining software and hardware makes Baidu's chips face smart finance, smart medical care,<a href=\"https://laohu8.com/S/600869\">Smart Energy</a>In digital and intelligent scenarios such as intelligent manufacturing, intelligent government affairs, intelligent transportation, etc., it can be more targeted, reduce costs and increase efficiency.</p><p>In addition, in addition to native support for Baidu's own flying paddle, Baidu Machine Learning Platform (BML) and various vertical AI capability engines, Kunlun also supports deep learning frameworks such as global mainstream CPU, operating system, PyTorch and TensorFlow. And cooperated with domestic manufacturers to realize the support of domestic CPUs such as Feiteng, Shenwei and Haiguang, and domestic operating systems such as Kirin, Depth and Communication.</p><p>Baidu also revealed that Kunlun 2 will be mass-produced in the first half of 2021. This chip adopts 7nm process, which will increase its performance by three times compared with the first generation.</p><p>In addition to Kunlun, which focuses more on the industry side, Baidu faces consumers and also has finished products, that is,<b>Baidu Honghu Voice Chip</b>。</p><p>Honghu voice chip was officially launched in July 2019. Compared with Kunlun, its scenes are more vertical:</p><p>Specially designed for smart home voice interaction, smart vehicle voice interaction, intelligent IoT and other scenarios, it is a voice interaction chip with ultra-low power consumption.</p><p>In terms of chip architecture, Honghu embedded end-to-end integrated modeling algorithm, which can complete a series of voice interaction functions such as far-field sound pickup, wake-up and positioning, and directly transmit the extracted features to the cloud for high-precision recognition in the cloud.</p><p>This also enables manufacturers to further reduce the cost of intelligent hardware without losing the voice experience.</p><p>In addition, Honghu chip also adopts dual-core HiFi4 architecture custom instruction set to improve computing power.</p><p><img src=\"https://static.tigerbbs.com/232eb4c57a4991efefee5841c57d8adf\" tg-width=\"1080\" tg-height=\"1008\" referrerpolicy=\"no-referrer\"></p><p>The infrared version of Xiaodu Smart Speaker 2 launched in 2020 has already been equipped with this chip, and thus achieved three major performance improvements:</p><p><ul><li>The speech recognition error rate is reduced by an average of 30%;</p><p></li><li>The first wake-up rate under high noise increased by more than 10%, meeting the ultra-low false alarm requirement for domestic use;</p><p></li><li>The average operating power consumption is only around 100mw, and the standby power drops by 90%.</p><p></li></ul>Baidu's core, the key lies in ecology</p><p>Summarizing this path, in fact, the differentiated competitiveness of Baidu's core-making has further come to light.</p><p>The key is still<b>scene</b>And<b>Ecology</b>。</p><p>Independent research and development of AI chips requires not only hardware technology, but also a deep understanding of AI algorithms and the ability to combine software and hardware.</p><p>As the earliest technology enterprise in China to start laying out AI, Baidu now has the AI infrastructure \"Baidu Brain\", which covers everything from hardware to software, from the bottom of technology to application scenarios. Whether it is maps, search, unmanned vehicles or smart speakers, Baidu's years of technology accumulation and business practice are integrated into them.</p><p><img src=\"https://static.tigerbbs.com/8fa976eff2584fc9474bf93af989fc77\" tg-width=\"1080\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p><p>Baidu Brain 6.0, released in 2020, has opened more than 270 leading AI capabilities, gathered 2.3 million developers, and the number of models released by enterprises exceeded 310,000. It is the most comprehensive and largest AI open platform in the industry.</p><p>Backed by such an ecology, Baidu's core-making will have more opportunities to practice.</p><p>Take Honghu chip as an example. It is conceivable that Xiaodu speaker is only the first stop. In the future, such voice chips may be further verified in Apollo unmanned vehicles, and even in home and industrial scenes.</p><p>Standing at the current time node, grasping the new opportunities of the chip industry in the AI era and further exploring from the independent controllability of software to the independent controllability of hardware is of far-reaching significance not only for Baidu itself, but also for the whole Chinese technology industry.</p><p>Therefore, after a small valuation of 20 billion dollars, Apollo was also benchmarked by research institutions against Cruise, which was valued at 30 billion dollars...</p><p>How does Baidu's newly incubated AI chip company need to be evaluated?</p><p>From the recent rise in Baidu's stock price, we may be able to smell a hint of wind.</p><p><img src=\"https://static.tigerbbs.com/1cff424f30f5f185dea340f865a40d1a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Wait and see.</p>","source":"lsy1569318700471","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>Baidu was exposed to set up a chip company! Why has the Internet entered the game to make cores?</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\">\nBaidu was exposed to set up a chip company! Why has the Internet entered the game to make cores?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">量子位 </strong><span class=\"h-time small\">2021-02-12 13:28</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After the market value exceeded the $100 billion mark,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>The latest developments have also been exposed —</p><p>Establish a dedicated<b>AI Chip Company</b>, the kind that develops independently, like<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The kind in car mode.</p><p>Baidu's self-developed chip Kunlun 2 will also achieve mass production this year.</p><p>As soon as the news came out, Baidu rose 5% before the market.</p><p>It has to be said that the actions of the head technology companies in recent years have been surprisingly consistent:</p><p>Both at home and abroad, it seems that they have set their sights on the field of \"AI chip\".</p><p><img src=\"https://static.tigerbbs.com/90a41f0b41a5ad062ea6d81e8f3937c5\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\"></p><p>First, mobile phone manufacturers such as<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Huawei and OPPO have gone to sea to develop AI chips.</p><p>In 2017, Apple A11 Bonic came out, adopting self-developed GPU for the first time, and equipped with neural network engine for the first time, opening the AI era of smartphones;</p><p>Huawei's \"Shengteng\" series chips were released, marking Huawei's official entry into the AI processor industry;</p><p>OPPO has also clearly entered semiconductors and built self-developed chips.</p><p>At the same time, Internet companies such as Google,<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, BAT, also began to take action.</p><p>For example, Google began to design server chips for data centers in 2014, and set up a chip team in India in 2019.</p><p>AWS, one of Amazon's largest profit sources, a cloud computing company, also disclosed its first self-developed cloud server CPUGraviton at the end of 2018.</p><p>For example, Ali in China established \"Pingtou Brother Semiconductor Co., Ltd.\" in 2018 and officially entered the AI chip market;</p><p>As for<a href=\"https://laohu8.com/S/00700\">Tencent</a>, has also bet on Suiyuan Technology, focusing on the commercial landing of AI chips.</p><p>This time, Baidu announced the independent spin-off of AI chips, and even directly smashed the heavy news that self-developed chips were mass-produced this year.</p><p>The layout of BAT in core making is now clear.</p><p>Why are giants entering the game to make cores?</p><p>There are two main reasons why Internet giants entered the game to make cores.</p><p><img src=\"https://static.tigerbbs.com/d4cfa0e5f3e56944faf3d2485f097c7a\" tg-width=\"1080\" tg-height=\"406\" referrerpolicy=\"no-referrer\"></p><p>On the one hand, as far as the international situation is concerned, domestic technology companies have been stuck in foreign technology for a long time on chips.</p><p>In 2018, the U.S. Department of Commerce suddenly announced that it would ban U.S. businesses from paying<a href=\"https://laohu8.com/S/00763\">ZTE</a>Sell parts.</p><p>In March 2019,<a href=\"https://laohu8.com/S/000063\">ZTE</a>It announced a loss of 6.983 billion yuan in 2018, a difference of more than 10 billion yuan compared with a profit of 4.568 billion yuan in 2017.</p><p>Previously, ZTE relied on American chip companies for a large number of chip supplies. This incident is equivalent to a blow to domestic enterprises.</p><p>Before and after this, there were domestic enterprises such as DJI, Huawei, Xiaomi, etc., all of which were \"blocked\" by the United States to varying degrees.</p><p>In order to be unaffected by changes in the industry, Chinese companies must make corresponding choices.</p><p>It can be said that self-developed chips are a way that domestic enterprises must take.</p><p><img src=\"https://static.tigerbbs.com/48e8525be202d4f02f4386a2bc6ea57c\" tg-width=\"1080\" tg-height=\"810\" referrerpolicy=\"no-referrer\"></p><p>On the other hand, the demands and opportunities brought about by AI.</p><p>Previously, chips such as personal computers and mobile phones, although basically have been<a href=\"https://laohu8.com/S/INTC\">Intel</a>、<a href=\"https://laohu8.com/S/AMD\">AMD</a>And other companies are monopolized, but the rise of artificial intelligence technology is tantamount to bringing a rare window period to the industry.</p><p>With the rapid development of artificial intelligence algorithms, finance, medical care, energy, manufacturing, government affairs, transportation, home furnishing and other industries are realizing further \"AI + industrialization\".</p><p>While all walks of life are rapidly intelligent, the arrival of the epidemic has further accelerated the demand for artificial intelligence algorithms.</p><p>Whether it is the intelligent service demand such as \"unmanned\" or the intelligent voice demand such as \"contactless\", waves of industry are constantly forcing the application of AI technology.</p><p>The rapid development of software is bound to drive the innovation of hardware industry.</p><p>Faced with the special requirements of AI algorithm for computing power and task processing performance, the previous generation processors including GPU have shown a weak trend, and the actual task running efficiency is very low.</p><p><img src=\"https://static.tigerbbs.com/12b3a713c066634f25cfab7c9b4f97c9\" tg-width=\"1000\" tg-height=\"615\" referrerpolicy=\"no-referrer\"></p><p>And the software redefines the hardware, and the AI algorithm redefines the chip, reaching the breaking point.</p><p>The chip industry, under the impact of AI, has opened a gap, and hardware demand is constantly emerging.</p><p>This is undoubtedly the best time to enter the chip-</p><p>If domestic technology companies can seize this opportunity and develop AI chips while developing AI technology, the layout of integrated software and hardware will inevitably have an impact on foreign technology industries.</p><p>Catherine Wood, the \"bull market queen\" who once became a god because of her heavy positions in Musk and Bitcoin, boldly predicted in the 2021 ARK report that the future expenditure of AI chips will increase by more than 4 times:</p><p>From the current $5 billion, it will grow to $22 billion by 2025.</p><p>If a powerful player didn't do it at this time, when would he wait?</p><p>If you don't do it yourself, who will you treat?</p><p>Baidu's core-making, in fact, \"ten years to sharpen a sword\"</p><p>But this time, the independent spin-off of Baidu's AI chip business is just chasing the wind?</p><p>What's the confidence behind it?</p><p>Judging from the rhythm of domestic technology giants betting on chips, Baidu seems to be the latest.</p><p>However, if you trace your roots or are familiar with Baidu's technology bets, you will find that Baidu's original layout in chips has been launched as early as more than ten years ago.</p><p>As the earliest technology company in China to pay attention to AI, in 2010, in order to serve its own business, Baidu had begun to use FPGA for the research and development of AI architecture, and launched a small-scale deployment the following year.</p><p>By 2017, Baidu had completed the deployment of more than 10,000 FPGAs.</p><p>On this basis, in 2018, Baidu officially released its self-developed AI chip-<b>Baidu Kunlun</b>。</p><p><img src=\"https://static.tigerbbs.com/ded62bbc1daec92d2dcb15c4797a3bc3\" tg-width=\"1080\" tg-height=\"647\" referrerpolicy=\"no-referrer\"></p><p>Kunlun 1st generation processor is built on FPGA architecture, using 14nm process, 16GB HBM memory and 2.5D packaging solution, which can provide 512GB/s memory bandwidth.</p><p>Moreover, Kunlun 1 can achieve an INT8 processing capacity of 256 TOPS at a power lower than 150W.</p><p>That is to say, on the basis of meeting AI reasoning and conventional training, and supporting general artificial intelligence algorithms, Kunlun chip can further reduce the use cost.</p><p>To sum up, Kunlun has the following characteristics:</p><p><ul><li>Versatility, supporting all AI applications and scenarios;</p><p></li><li>Easy to program, can build a powerful software ecological moat;</p><p></li><li>High performance, which can support more in-depth AI application exploration;</p><p></li><li>Independent and controllable, while reducing the cost of use, alleviating the problem of being \"stuck\".</p><p></li></ul>Up to now, Kunlun 1 has mass-produced more than 20,000 pieces.</p><p>So, where are all such chips used? Is there a flowery stand?</p><p>In fact, Kunlun 1 has been widely deployed in Baidu search engine, which is familiar To the public, and Baidu intelligent cloud in To B.</p><p><img src=\"https://static.tigerbbs.com/765ac4e6ae4bf2f15ef887c3c8f49830\" tg-width=\"1080\" tg-height=\"706\" referrerpolicy=\"no-referrer\"></p><p>The most eco-leading open source deep learning framework in China<b>flying paddle</b>(PaddlePaddle), which is also deeply integrated with Kunlun chip, forms an integrated combination of software and hardware of \"self-developed chip + independent AI framework\".</p><p>And this mode of combining software and hardware makes Baidu's chips face smart finance, smart medical care,<a href=\"https://laohu8.com/S/600869\">Smart Energy</a>In digital and intelligent scenarios such as intelligent manufacturing, intelligent government affairs, intelligent transportation, etc., it can be more targeted, reduce costs and increase efficiency.</p><p>In addition, in addition to native support for Baidu's own flying paddle, Baidu Machine Learning Platform (BML) and various vertical AI capability engines, Kunlun also supports deep learning frameworks such as global mainstream CPU, operating system, PyTorch and TensorFlow. And cooperated with domestic manufacturers to realize the support of domestic CPUs such as Feiteng, Shenwei and Haiguang, and domestic operating systems such as Kirin, Depth and Communication.</p><p>Baidu also revealed that Kunlun 2 will be mass-produced in the first half of 2021. This chip adopts 7nm process, which will increase its performance by three times compared with the first generation.</p><p>In addition to Kunlun, which focuses more on the industry side, Baidu faces consumers and also has finished products, that is,<b>Baidu Honghu Voice Chip</b>。</p><p>Honghu voice chip was officially launched in July 2019. Compared with Kunlun, its scenes are more vertical:</p><p>Specially designed for smart home voice interaction, smart vehicle voice interaction, intelligent IoT and other scenarios, it is a voice interaction chip with ultra-low power consumption.</p><p>In terms of chip architecture, Honghu embedded end-to-end integrated modeling algorithm, which can complete a series of voice interaction functions such as far-field sound pickup, wake-up and positioning, and directly transmit the extracted features to the cloud for high-precision recognition in the cloud.</p><p>This also enables manufacturers to further reduce the cost of intelligent hardware without losing the voice experience.</p><p>In addition, Honghu chip also adopts dual-core HiFi4 architecture custom instruction set to improve computing power.</p><p><img src=\"https://static.tigerbbs.com/232eb4c57a4991efefee5841c57d8adf\" tg-width=\"1080\" tg-height=\"1008\" referrerpolicy=\"no-referrer\"></p><p>The infrared version of Xiaodu Smart Speaker 2 launched in 2020 has already been equipped with this chip, and thus achieved three major performance improvements:</p><p><ul><li>The speech recognition error rate is reduced by an average of 30%;</p><p></li><li>The first wake-up rate under high noise increased by more than 10%, meeting the ultra-low false alarm requirement for domestic use;</p><p></li><li>The average operating power consumption is only around 100mw, and the standby power drops by 90%.</p><p></li></ul>Baidu's core, the key lies in ecology</p><p>Summarizing this path, in fact, the differentiated competitiveness of Baidu's core-making has further come to light.</p><p>The key is still<b>scene</b>And<b>Ecology</b>。</p><p>Independent research and development of AI chips requires not only hardware technology, but also a deep understanding of AI algorithms and the ability to combine software and hardware.</p><p>As the earliest technology enterprise in China to start laying out AI, Baidu now has the AI infrastructure \"Baidu Brain\", which covers everything from hardware to software, from the bottom of technology to application scenarios. Whether it is maps, search, unmanned vehicles or smart speakers, Baidu's years of technology accumulation and business practice are integrated into them.</p><p><img src=\"https://static.tigerbbs.com/8fa976eff2584fc9474bf93af989fc77\" tg-width=\"1080\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p><p>Baidu Brain 6.0, released in 2020, has opened more than 270 leading AI capabilities, gathered 2.3 million developers, and the number of models released by enterprises exceeded 310,000. It is the most comprehensive and largest AI open platform in the industry.</p><p>Backed by such an ecology, Baidu's core-making will have more opportunities to practice.</p><p>Take Honghu chip as an example. It is conceivable that Xiaodu speaker is only the first stop. In the future, such voice chips may be further verified in Apollo unmanned vehicles, and even in home and industrial scenes.</p><p>Standing at the current time node, grasping the new opportunities of the chip industry in the AI era and further exploring from the independent controllability of software to the independent controllability of hardware is of far-reaching significance not only for Baidu itself, but also for the whole Chinese technology industry.</p><p>Therefore, after a small valuation of 20 billion dollars, Apollo was also benchmarked by research institutions against Cruise, which was valued at 30 billion dollars...</p><p>How does Baidu's newly incubated AI chip company need to be evaluated?</p><p>From the recent rise in Baidu's stock price, we may be able to smell a hint of wind.</p><p><img src=\"https://static.tigerbbs.com/1cff424f30f5f185dea340f865a40d1a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Wait and see.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://mp.weixin.qq.com/s/9O3PvYr0Sp5sHxrkScIExQ\">量子位 </a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/765ac4e6ae4bf2f15ef887c3c8f49830","relate_stocks":{"BIDU":"百度"},"source_url":"https://mp.weixin.qq.com/s/9O3PvYr0Sp5sHxrkScIExQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109604105","content_text":"市值突破1000亿美元大关后,百度最新进展也随之曝光——成立一家专门的AI芯片公司,独立发展的那种,像智能汽车模式的那种。而百度自研芯片昆仑2,也将于今年实现量产。消息一出,百度盘前大涨5%。不得不说,头部科技公司,近年来行动还真是出奇地一致:无论国内外,似乎都将目光放在了“AI芯片”这一领域。先是手机厂商如苹果、华为、OPPO,纷纷下海自研AI芯片。2017年,苹果A11 Bonic问世,首次采用自研GPU,首次搭载神经网络引擎,开启智能手机AI时代;华为“昇腾”系列芯片出炉,标志着华为正式进军AI处理器行业;OPPO也明确进军半导体,打造自研芯片。同时互联网公司如谷歌、亚马逊、BAT,也开始有所行动。国外如谷歌,2014年就开始为数据中心设计服务器芯片,2019年更是在印度组建芯片团队。而亚马逊最大盈利来源之一、云计算公司AWS,也在2018年底披露了首款自研云服务器CPUGraviton。国内如阿里,2018年成立“平头哥半导体有限公司”,正式入局AI芯片;至于腾讯,也已押注燧原科技,专注于AI芯片的商用落地。此番,百度又宣布AI芯片独立分拆,甚至直接砸出自研芯片今年量产落地的重磅消息。BAT在造芯方面的布局,如今已然明朗。为何巨头纷纷入局造芯?互联网巨头入局造芯的原因有两大方面。一方面,就国际形势而言,国内科技公司在芯片上,遭遇国外技术“卡脖子”已久。2018年,美国商务部突然宣布,7年内禁止美国企业向中兴通讯销售零件。2019年3月,中兴通讯公布2018年度亏损69.83亿元人民币,与2017年度盈利45.68亿元比较,相差超过100亿元。此前,中兴大量芯片供应依赖于美国芯片企业,这次事件,相当于给国内企业当头一击。在这前后,还有大疆、华为、小米……等等国内企业,均遭遇了美国不同程度的“封杀”。要想在行业中不受局势变化的影响,中国企业必须做出对应的抉择。可以说,自研芯片是国内企业必须走出的一条路。另一方面,人工智能带来的需求和机会。此前,个人电脑和手机等芯片,虽然基本已经被英特尔、AMD等公司垄断,但人工智能技术的兴起,无异于给行业带来了一个难得的窗口期。随着人工智能算法的飞速发展,金融、医疗、能源、制造、政务、交通、家居等行业,正在实现进一步的“AI+产业化”。各行各业飞速智能化的同时,疫情的到来,又进一步加速了人工智能算法的需求。无论是“无人化”等智能服务需求、还是“无接触”等智能语音需求,一波波产业浪潮,正在不断倒逼AI技术的落地应用。软件的飞速发展,势必带动硬件行业的革新。面对AI算法对算力、任务处理性能的特殊需求,包括GPU在内的上一代处理器,已经呈现出乏力之势,实际任务运行效率非常低下。并且软件重新定义硬件,AI算法重新定义芯片,来到了破局点。芯片行业,在AI的冲击之下,打开了一个缺口,硬件需求源源不断地涌现。这无疑是一个入局芯片的最好时机——如果国内科技公司能抓住这一机遇,在发展AI技术的同时自研AI芯片,软硬件一体的布局,势必也能对国外技术产业造成冲击。而曾经因重仓马斯克和比特币封神的“牛市女皇”Catherine Wood,则更是在2021年ARK报告中大胆预测,AI芯片未来的支出将增长4倍以上:从当前的50亿美元,增长到2025年的220亿美元。有实力的玩家,此时不做,更待何时?自己不做,更待何人?百度造芯,其实「十年磨一剑」但此番百度AI芯片业务独立分拆,只是在追逐风口吗?背后的底气何在?从国内科技巨头押注芯片的节奏上来看,百度似乎落子最迟。然而,如果寻根溯源,或是对百度技术押注熟悉,就会发现,原来百度在芯片方面的布局,早在十几年前就已展开。作为国内最早重注AI的科技公司,2010年,为了服务于自身业务,百度就已经开始使用FPGA进行AI架构的研发,并于次年就开展了小规模部署上线。到了2017年,百度已经完成超过1万片FPGA的部署。在这样的基础之上,2018年,百度正式发布自主研发的AI芯片——百度昆仑。昆仑1代处理器基于FPGA架构打造,采用14nm工艺,16GB HBM内存和2.5D封装解决方案,能够提供512GB/s的内存带宽。并且,在低于150W的功率下,昆仑1代能实现256 TOPS的INT8处理能力。也就是说,在满足AI推理和常规训练、支持通用人工智能算法的基础之上,昆仑芯片还能进一步降低使用成本。简单总结起来,昆仑具有以下几点特征:通用性,支持全部AI应用和场景;易编程,可以构建强大的软件生态护城河;高性能,可以支持更深入的AI应用探索;自主可控,在降低使用成本的同时,缓解被“卡脖子”的问题。截至目前,昆仑1已经量产超过2万片。所以,这样的芯片都用在了哪里?是否空有花架子?事实上,无论是在大众所熟悉的百度搜索引擎,还是在To B的百度智能云中,昆仑1都已经被广泛部署。国内生态最领先的开源深度学习框架飞桨(PaddlePaddle),也同昆仑芯片深度融合,形成了“自研芯片+自主AI框架”的软硬一体组合。而这样软硬件结合的模式,也就使得百度的芯片在面对智慧金融、智慧医疗、智慧能源、智能制造、智慧政务、智能交通等等数字化、智能化场景时,能做到更加有的放矢、降本增效。另外,除了原生支持百度自家的飞桨、百度机器学习平台(BML)以及各垂类的AI能力引擎,昆仑也支持全球主流CPU、操作系统、PyTorch和TensorFlow等深度学习框架。并与国内厂商展开合作,实现了对飞腾、申威和海光等国产CPU,麒麟、深度和通信等国产操作系统的支持。百度方面还透露,昆仑2将于2021年上半年实现量产,这款芯片采用7nm工艺,相比于第一代性能会提高3倍。而除了更侧重于行业端的昆仑,百度面向消费者,同样已有成品,就是百度鸿鹄语音芯片。鸿鹄语音芯片于2019年7月正式推出,相比于昆仑,它面向的场景更加垂直:专门为智能家居语音交互、智能车载语音交互,以及智能物联等场景设计,是一款主打超低功耗的语音交互芯片。在芯片架构上,鸿鹄内嵌端到端一体化建模算法,能完成远场拾音、唤醒、定位等一系列语音交互功能,并将提取的特征直接传递到云端,在云端进行高精准识别。这也就使厂商能够在不损失语音体验的前提下,进一步压缩智能硬件成本。另外,鸿鹄芯片还采用了双核HiFi4架构自定义指令集,以提升算力。2020年推出的小度智能音箱2红外版上,就已经搭载了这款芯片,并因此实现了三大性能提升:语音识别错误率平均降低30%;高噪声下首次唤醒率提升10%以上,达到家居场合使用的超低误报要求;平均工作功耗仅在100mw左右,待机功率下降90%。百度造芯,关键在生态总结这样的路径,其实百度造芯的差异化竞争力,也进一步水落石出。关键还是场景和生态。自主研发AI芯片,需要的不仅是硬件技术,还需要对AI算法有深入的理解,要有软硬结合的能力。而作为国内最早开始布局AI的科技企业,如今,百度拥有从硬件到软件,从技术底层到应用场景全覆盖的AI基础设施“百度大脑”。无论是地图、搜索,还是无人车、智能音箱,百度技术多年积累和业务实践都集成其中。2020年发布的百度大脑6.0,已经开放270多项领先AI能力,汇聚230万开发者,企业发布的模型数量超过31万,是业内最全面、服务规模最大的AI开放平台。背靠这样的生态,百度造芯也就有了更多落地实践的机会。就以鸿鹄芯片举例,可以想见,小度音箱仅仅只是第一站,在未来,这样的语音芯片还可能在Apollo无人车,乃至家庭、工业场景中进一步得到验证。而站在当前这样的时间节点,把握AI时代芯片行业的新机遇,进一步从软件的自主可控向硬件的自主可控探索,不仅对于百度自身,对于整个中国的科技行业,都意义深远。所以,在小度估值200亿,Apollo也被调研机构与估值300亿美元的Cruise对标之后……百度最新孵化的AI芯片公司,又需要怎样被评价?从百度最近股价的一路上扬之中,或许可以嗅到一丝风向。且拭目以待。","news_type":1,"symbols_score_info":{"BIDU":0.9}},"isVote":1,"tweetType":1,"viewCount":1727,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386082275,"gmtCreate":1613112587597,"gmtModify":1704878516069,"author":{"id":"3568930674369958","authorId":"3568930674369958","name":"Boris628","avatar":"https://static.tigerbbs.com/a8dfcfdfd3fab52796ba7c3129a89fe8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568930674369958","authorIdStr":"3568930674369958"},"themes":[],"title":"","htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386082275","repostId":"2110302782","repostType":2,"isVote":1,"tweetType":1,"viewCount":1910,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386082623,"gmtCreate":1613112567962,"gmtModify":1704878515746,"author":{"id":"3568930674369958","authorId":"3568930674369958","name":"Boris628","avatar":"https://static.tigerbbs.com/a8dfcfdfd3fab52796ba7c3129a89fe8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568930674369958","authorIdStr":"3568930674369958"},"themes":[],"title":"","htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/386082623","repostId":"1176661911","repostType":2,"isVote":1,"tweetType":1,"viewCount":2795,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386082151,"gmtCreate":1613112553773,"gmtModify":1704878515261,"author":{"id":"3568930674369958","authorId":"3568930674369958","name":"Boris628","avatar":"https://static.tigerbbs.com/a8dfcfdfd3fab52796ba7c3129a89fe8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568930674369958","authorIdStr":"3568930674369958"},"themes":[],"title":"","htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386082151","repostId":"2110271950","repostType":2,"repost":{"id":"2110271950","kind":"highlight","pubTimestamp":1613111641,"share":"https://ttm.financial/m/news/2110271950?lang=en_US&edition=fundamental","pubTime":"2021-02-12 14:34","market":"us","language":"zh","title":"Affirm, a beneficiary stock of e-commerce, how much room to grow?","url":"https://stock-news.laohu8.com/highlight/detail?id=2110271950","media":"美股投资网","summary":"由PayPal联合创始人兼前CTO,马克斯·列夫琴创立,公司名叫Affirm (AFRM.US)。Affirm股票是借着电子商务持续增长趋势而起...","content":"<p>American payments giants<a href=\"https://laohu8.com/S/PYPL\">PayPal</a>(PYPL.US), which is a major beneficiary of the e-commerce trend. Now, however, there is a new player that could become a disruptive force in the e-commerce payments space. This new player is founded by PayPal co-founder and former CTO Max Levchen under the name Affirm (AFRM.US). Affirm stock is taking off on the continued growth trend of e-commerce.</p><p>Now. Let's take a look at what makes AFRM stand out in fintech and e-commerce.</p><p><b>A Closer Look at Affirm Stock</b></p><p>Founded in 2012 and headquartered in San Francisco, USA, Affirm is a financial services company focusing on \"prepayment\". Affirm's goal is to revolutionize the banking industry, giving consumers more autonomy over their spending and easy access to financial services.</p><p>Affirm offers shoppers a small loan alternative to traditional credit cards with loan terms of 3-36 months and loan amounts up to $17,500. Unlike having compound interest and potential cost payment methods, Affirm shows customers the exact amount they will pay each month beforehand, with no hidden fees and other add-ons.</p><p><img src=\"http://img.zhitongcaijing.com/images/contentformat/d80f5a5d42e7a9f3724a210b7b525a35.jpg\" tg-width=\"867\" tg-height=\"450\" referrerpolicy=\"no-referrer\"></p><p>Affirm's stock went public on January 13, 2021 at $49 and surged 98% on the same day. After some consolidation, the stock is now trading at $136 and seems poised for the next big wave. Despite the rapid rally, I believe it is still a solid entry point for long-term investors.</p><p>Moreover,<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>(MorganStanley) and Barclay both recently issued overweight ratings on the stock.</p><p><b>So, what exactly did the company do to guarantee this optimistic forecast?</b></p><p>Affirm is a fast-growing mobile e-commerce payment platform. The company helps consumers purchase bulk items from online retailers by allowing them to pay over a period of time rather than prepaying in full. In other words, the company facilitates a \"buy now, pay later\" solution, which is specifically tailored for e-commerce.</p><p>Affirm's technology integrates seamlessly with online retailers'websites, making shopping an enjoyable consumer experience. The company currently has partnerships with more than 6,500 merchants across multiple industries.</p><p><img src=\"http://img.zhitongcaijing.com/images/contentformat/8ca6691f87af85f0b326616238bcfd6e.jpg\" tg-width=\"871\" tg-height=\"435\" referrerpolicy=\"no-referrer\"></p><p>In the meantime, your favorite brand is already a partner with Affirm. Affirm recently partnered with Shopify (SHOP.US) to drive installment payments for its stores. This could be a game changer as Shopify is a very popular e-commerce platform for businesses. Affirm also integrates<a href=\"https://laohu8.com/S/WMT\">Walmart</a>(WMT.US) e-commerce site, ensuring a large number of shopping options.</p><p>Affirm uses more than 1 billion data points and risk management algorithms to estimate access risk profiles. This has resulted in lower fraud rates and higher approval rates compared to traditional credit card companies, the company said. Affirm's average customer is a millennial with an average income of $90,000. In the most recent quarter, Affirm's revenue grew more than 93% year-over-year, indicating that the company is still on a fast growth trajectory.</p><p>Unlike credit card companies and other lenders, Affirm offers genuine 0% APR payment options and simple interest loans. In other words, if your credit rating is good enough, you may be able to make your purchases completely interest-free. The company also facilitates some interest-bearing loans, but unlike compounded credit card debt, the interest on these loans is pre-calculated and therefore less predatory.</p><p><img src=\"http://img.zhitongcaijing.com/images/contentformat/5f301fd4a5a8c16f1235e9161329b736.jpg\" tg-width=\"881\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Affirm's mission is to \"deliver honest financial products that improve lives\".<b>The majority of the company's revenue comes from fees it charges its business partners, rather than borrowers. The company does not charge late fees and hopes to build its brand's reputation and trust in this way.</b></p><p>This is especially important because, according to a 2020 Harris poll, 81% of millennials prefer to use financial products through the platforms of tech companies rather than traditional financial services providers. By strictly executing this mission, the company has the potential to disrupt the nearly $100 billion credit card industry. The company has all the makings to appeal to millennial and Gen z consumers, which says a lot about Affirmstock's long-term prospects.</p><p><b>sum up</b></p><p>While 25x 2022 revenue is a bit pricey, Affirm's stock still has plenty of upside from now on. The company currently has a market capitalization of $30 billion compared to Paypal's $330 billion. Additionally, there is still room for 21.3% growth in e-commerce penetration, while \"buy now, pay later\" accounts for only 1.6% of e-commerce sales.</p><p><img src=\"http://img.zhitongcaijing.com/images/contentformat/57bb344a9f6f0e3dc92eefb8ef545cfc.jpg\" tg-width=\"921\" tg-height=\"654\" referrerpolicy=\"no-referrer\"></p><p>With all these factors in mind, it's not far-fetched that fast-growing Affirm stock could have a 4x P/E over the next five years.</p>","source":"highlight_zhitongcaijin","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>Affirm, a beneficiary stock of e-commerce, how much room to grow?</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\">\nAffirm, a beneficiary stock of e-commerce, how much room to grow?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">美股投资网</strong><span class=\"h-time small\">2021-02-12 14:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>American payments giants<a href=\"https://laohu8.com/S/PYPL\">PayPal</a>(PYPL.US), which is a major beneficiary of the e-commerce trend. Now, however, there is a new player that could become a disruptive force in the e-commerce payments space. This new player is founded by PayPal co-founder and former CTO Max Levchen under the name Affirm (AFRM.US). Affirm stock is taking off on the continued growth trend of e-commerce.</p><p>Now. Let's take a look at what makes AFRM stand out in fintech and e-commerce.</p><p><b>A Closer Look at Affirm Stock</b></p><p>Founded in 2012 and headquartered in San Francisco, USA, Affirm is a financial services company focusing on \"prepayment\". Affirm's goal is to revolutionize the banking industry, giving consumers more autonomy over their spending and easy access to financial services.</p><p>Affirm offers shoppers a small loan alternative to traditional credit cards with loan terms of 3-36 months and loan amounts up to $17,500. Unlike having compound interest and potential cost payment methods, Affirm shows customers the exact amount they will pay each month beforehand, with no hidden fees and other add-ons.</p><p><img src=\"http://img.zhitongcaijing.com/images/contentformat/d80f5a5d42e7a9f3724a210b7b525a35.jpg\" tg-width=\"867\" tg-height=\"450\" referrerpolicy=\"no-referrer\"></p><p>Affirm's stock went public on January 13, 2021 at $49 and surged 98% on the same day. After some consolidation, the stock is now trading at $136 and seems poised for the next big wave. Despite the rapid rally, I believe it is still a solid entry point for long-term investors.</p><p>Moreover,<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>(MorganStanley) and Barclay both recently issued overweight ratings on the stock.</p><p><b>So, what exactly did the company do to guarantee this optimistic forecast?</b></p><p>Affirm is a fast-growing mobile e-commerce payment platform. The company helps consumers purchase bulk items from online retailers by allowing them to pay over a period of time rather than prepaying in full. In other words, the company facilitates a \"buy now, pay later\" solution, which is specifically tailored for e-commerce.</p><p>Affirm's technology integrates seamlessly with online retailers'websites, making shopping an enjoyable consumer experience. The company currently has partnerships with more than 6,500 merchants across multiple industries.</p><p><img src=\"http://img.zhitongcaijing.com/images/contentformat/8ca6691f87af85f0b326616238bcfd6e.jpg\" tg-width=\"871\" tg-height=\"435\" referrerpolicy=\"no-referrer\"></p><p>In the meantime, your favorite brand is already a partner with Affirm. Affirm recently partnered with Shopify (SHOP.US) to drive installment payments for its stores. This could be a game changer as Shopify is a very popular e-commerce platform for businesses. Affirm also integrates<a href=\"https://laohu8.com/S/WMT\">Walmart</a>(WMT.US) e-commerce site, ensuring a large number of shopping options.</p><p>Affirm uses more than 1 billion data points and risk management algorithms to estimate access risk profiles. This has resulted in lower fraud rates and higher approval rates compared to traditional credit card companies, the company said. Affirm's average customer is a millennial with an average income of $90,000. In the most recent quarter, Affirm's revenue grew more than 93% year-over-year, indicating that the company is still on a fast growth trajectory.</p><p>Unlike credit card companies and other lenders, Affirm offers genuine 0% APR payment options and simple interest loans. In other words, if your credit rating is good enough, you may be able to make your purchases completely interest-free. The company also facilitates some interest-bearing loans, but unlike compounded credit card debt, the interest on these loans is pre-calculated and therefore less predatory.</p><p><img src=\"http://img.zhitongcaijing.com/images/contentformat/5f301fd4a5a8c16f1235e9161329b736.jpg\" tg-width=\"881\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Affirm's mission is to \"deliver honest financial products that improve lives\".<b>The majority of the company's revenue comes from fees it charges its business partners, rather than borrowers. The company does not charge late fees and hopes to build its brand's reputation and trust in this way.</b></p><p>This is especially important because, according to a 2020 Harris poll, 81% of millennials prefer to use financial products through the platforms of tech companies rather than traditional financial services providers. By strictly executing this mission, the company has the potential to disrupt the nearly $100 billion credit card industry. The company has all the makings to appeal to millennial and Gen z consumers, which says a lot about Affirmstock's long-term prospects.</p><p><b>sum up</b></p><p>While 25x 2022 revenue is a bit pricey, Affirm's stock still has plenty of upside from now on. The company currently has a market capitalization of $30 billion compared to Paypal's $330 billion. Additionally, there is still room for 21.3% growth in e-commerce penetration, while \"buy now, pay later\" accounts for only 1.6% of e-commerce sales.</p><p><img src=\"http://img.zhitongcaijing.com/images/contentformat/57bb344a9f6f0e3dc92eefb8ef545cfc.jpg\" tg-width=\"921\" tg-height=\"654\" referrerpolicy=\"no-referrer\"></p><p>With all these factors in mind, it's not far-fetched that fast-growing Affirm stock could have a 4x P/E over the next five years.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://www.zhitongcaijing.com/content/detail/411731.html\">美股投资网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://img.zhitongcaijing.com/image/20210212/20210212123503_99082.png?x-oss-process=image/format,jpg/quality,Q_80","relate_stocks":{"AFRM":"Affirm Holdings, Inc."},"source_url":"http://www.zhitongcaijing.com/content/detail/411731.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2110271950","content_text":"美国支付巨头PayPal(PYPL.US),它是电子商务趋势的主要受益者。然而,现在,有一个新的玩家可能会成为电子商务支付领域的一股颠覆性力量,这个新玩家是由PayPal联合创始人兼前CTO,马克斯·列夫琴创立,公司名叫Affirm (AFRM.US)。Affirm股票是借着电子商务持续增长趋势而起飞。现在。让我们来了解一下是什么让AFRM在金融科技和电子商务领域脱颖而出。仔细看看Affirm股票Affirm成立于2012年,总部位于美国旧金山,是一家主打“预支付”的金融服务公司。Affirm的目标是彻底改变银行业,让消费者对消费更有自主权,享受轻松自在的金融服务。Affirm为购物者提供一种替代传统信用卡的小额贷款,贷款期限3-36个月,贷款金额最高达17500美元。与有复利和潜在成本支付方式不同,Affirm事先向客户展示他们每个月将支付的确切金额,没有隐藏费用和其他附加费用。Affirm的股票在2021年1月13日以49美元的价格上市,并在同一天飙升了98%。经过一番盘整后,该股目前的交易价格为136美元,似乎准备好迎接下一波大行情。尽管涨势迅猛,但我相信对长线投资者而言,这仍是一个坚实的切入点。而且,摩根士丹利(MorganStanley)和巴克莱(Barclay)最近都对该股给予了增持评级。那么,该公司究竟做了什么来保证这种乐观的预测呢?Affirm是一个快速发展的移动端电子商务支付平台。该公司允许消费者在一段时间内付款,而不是全额预付,从而帮助消费者从在线零售商那里购买大宗商品。换句话说,该公司为“先买后付”的解决方案提供了便利,这是专门为电子商务定制的。Affirm的技术与在线零售商的网站无缝集成,使购物成为一种愉快的消费者体验。该公司目前与多个行业的6500多家商家建立了合作关系。同时,你最喜欢的品牌已经是Affirm的合作伙伴了。Affirm最近与Shopify(SHOP.US)合作,推动其店铺分期付款。这可能会改变游戏规则,因为Shopify是一个非常受欢迎的企业电子商务平台。Affirm还整合了沃尔玛(WMT.US)的电子商务网站,确保了大量的购物选择。Affirm使用超过10亿个数据点和风险管理算法预估访问风险概况。该公司表示,与传统信用卡公司相比,这导致了更低的欺诈率和更高的批准率。Affirm的平均客户是平均收入为9万美元的千禧一代。在最近一个季度,Affirm的收入同比增长超过93%,表明该公司仍处于快速增长的轨道上。不像信用卡公司和其他贷款人,Affirm提供真正的0%年利率支付选择和单利贷款。换句话说,如果你的信用评级足够好,你也许可以让你的购物完全免息。该公司还为一些有利息的贷款提供便利,但与复利信用卡债务不同,这些贷款的利息是预先计算的,因此不那么具有掠夺性。Affirm的使命是“提供能够改善生活的诚实的金融产品”。该公司的大部分收入来自向商业合作伙伴收取的费用,而不是向借款人收取的费用。该公司不收取滞纳金,并希望通过这种方式建立其品牌的声誉和信任。这一点尤其重要,因为根据2020年的哈里斯民意调查,81%的千禧一代更愿意通过科技公司的平台而不是传统的金融服务提供商来使用金融产品。通过严格执行这一使命,该公司有可能颠覆规模近1000亿美元的信用卡行业。该公司具备了所有吸引千禧一代和z世代消费者的条件,这在很大程度上说明了Affirmstock的长期前景。总结虽然25倍的2022年营收有点贵,但Affirm的股票从现在起仍有很大的上行空间。该公司目前的市值为300亿美元,而Paypal的市值为3300亿美元。此外,电子商务的渗透率仍有21.3%的增长空间,而“先买后付”仅占电子商务销售额的1.6%。考虑到所有这些因素,快速增长的Affirm股票在未来五年内的市盈率可能达到4倍并不牵强。","news_type":1,"symbols_score_info":{"AFRM":0.9}},"isVote":1,"tweetType":1,"viewCount":2181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381641128,"gmtCreate":1612965831364,"gmtModify":1704876622278,"author":{"id":"3568930674369958","authorId":"3568930674369958","name":"Boris628","avatar":"https://static.tigerbbs.com/a8dfcfdfd3fab52796ba7c3129a89fe8","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568930674369958","authorIdStr":"3568930674369958"},"themes":[],"title":"","htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381641128","repostId":"1144216978","repostType":2,"isVote":1,"tweetType":1,"viewCount":1685,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}