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FT editor Roula Khalaf, chooses his favorite stories in this weekly newsletter.
The problem in the future has not yet been. The values are mainly for companies living in educated guesses, not for the weak of the stomach. Nvidia, Palanda, AppLovin and Microstraty – Four of the best performance of 2024 – four of the most well-performance technology – put investors with the tempo.
NVIDIA inspires the most cortisol with transparent size. Silico’s artificial intelligence is a three-year chipmaker with market capitalization in almost 2024, almost about 6 percent less this year. The fourth quarterly profit is comfortable to analysts, but investors pay more attention to the next.
So far, all intends to plan. Boss Jensen Huang said the company’s new high-powered Blackwell chips are “amazing”. Profit is a little squeezed with new intervals, but the income for the current three-month period should be higher than previously thought out. The problem is that beyond this, it is detailed. Every quarter is a new nail bit.
It is always a bet on remote income streams to get a company’s fund; Comes from the “terminal value” in the lion’s value. For example, according to the visible alphanation, pay 10 percent discount on NVIDIA cash flow analysts, and more than $ 500 billion today. This means that the NVIDIA’s $ 30 market value consists of money after 2030.
There may be a lot in the short windows of time. Ask millions of investors who have never heard of Nvidia five years ago. And technological stocks are suddenly sensitive to sudden turns. For example, NVIDia, in turn, takes only one-third of the income from only three customers who sell their goods to others. Sales of sales to China are subject to tariff policy, because Trump management has already shown several times because it can burn a penny.
Other members of this fantastic four have a tough time. Palantan software has collapsed the news that the Pentagon has made potential rogues of a company that gained more than half of its income from governments, potentially naughty. Again, in the event of 16 times a positive settlement of NVIDIA, it is about 50 times. MicroStrategy, this time has a peculiar quirks: mainly is a piggy bank full of bitcoin, the price – always Mercurial – sarked.
Applovin’s reverse is especially sudden. After the two short vendor report, the company with ads as part of the tank game applications, the company, which has ads, could be less resistant than it seems. More frequently, more predicted companies are less sensitive to such an attack on investors’ confidence in future cash flow.
Some things for NVIDIA, at least, certain things. Companies such as Microsoft and Amazon – Bucket money are set to spend on the chips. Currently, when it comes to AI processors, there is another option, many are less. Investors are now comfortable. The stress test has passed; The other will be a while ago.
