Leaderboard for tech companies.
Meta just crossed 1T.
TSMC > Tesla. Broadcom should beat Tesla soon. Berkshire is almost 840B but for some reason nobody cares.
Number 11 to 20. Again just tech.
I am rooting for AMD to beat climb up to Top 10 and beat Samsung. Only 80B or so difference.
Number 21 to 30. People have no respect for IBM. But for a company over 100 years old number 24 not a bad showing.
Oracle and SAP being so high shocks me. They are both mediocre and haven’t been innovating for a long time. Every year companies use them for less functionality and buy better software. Oracle and SAP are the default backend data warehouse. People don’t want to use the modules they have.
The pivot to subscription has led to higher revenue, since they aren’t dependent on customers upgrading anymore. They are ripe for disruption.
We “upgraded” from NetSuite to Oracle Cloud. Oracle bought NetSuite in 2016. It felt like a downgrade. I’ve yet to talk to a team that’s happier with Oracle. How is NetSuite still better when Oracle bought them a decade ago?
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Performance of FANGMANT since Fed first rate hike on Mar 17, 2022.
In comparison with AAPL…
NVDA outperforms because of gen AI.
META outperforms because of ruthless layoffs.
NFLX outperforms of ruthless purging of shared accounts.
MSFT outperforms because of gen AI.
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So Tom Lee is correct again? He predicts market would decline by 7-10% this month.
Kris put up a long winded story of what whisper is all about… in short, stubbornly defend his bullish thesis…
I’d argue it’s more about guidance than earrings. Stock valuations are based on expectations for future earnings. Plenty of companies beat, stock pops at first, then they get killed when they give guidance.
Latest top 10 biggest cap in tech. Amazon has now taken the Number 3 spot. Nvidia is about 140B behind Google at Number 5.
TSMC has overtaken Tesla. Actually Tesla is only 25B more than Broadcom. I expect Broadcom to overtake Tesla very soon.
Elon has turned into the biggest MAGA troll in the world. Glad to see Tesla getting punished.
The next rung 11-20 is also very interesting. AMD has jumped 2 spots and now stands at Number 14. Still think it’s one of the most obvious undervalued names. No reason why it’s not worth more than Samsung or Tesla.
Fanboy favorite Alibaba back to Top 20. Not because BABA itself is doing well but because Intel’s atrocious result pulled down a lot of semi names.
Widely reported that increase in ads contributes to outperformance of META, AMZN and GOOG. Conveniently not mentioning a large portion of the ads are put up by Chinese retailers eg TEMU, SHEIN,… eager to break into/ increase their market share in the US market.
In China and SEA, Chinese retailers are willing to compete at extremely low margin and bleeding cash just to capture market. Is a battle of who has huge cash hoard and strong backing. I believe they are doing similarly in USA. So if these retailers collapse or a new POTUS is elected, ads would drop dramatically.
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The entire Chinese region accounts for 10% of Meta’s revenue. You tell me if Temu and Shein constitute a “large” portion of Meta’s sales or not.
You realize they are advertising in the US. It counts as US revenue.
No. It counts as China revenue.
You know Facebook is banned in China right? If they count ads showing in China instead of by companies based in China, it would be zero revenue.
You should probably learn how revenue rules work.
I can learn about revenue accounting while you learn more about China.
Although the Chinese government blocks its population of 1.4 billion from many global social media apps such as X, Google’s YouTube and Meta’s Facebook and Instagram, that did not stop China from being a top advertiser on these platforms, where state-related actors also tapped into their global reach.
China was Meta’s biggest advertising market in Asia in 2017, as Beijing used the US-based platform to spread state-produced propaganda around the world, according to a New York Times’ report that year.
Facebook has been blocked by the Chinese government since 2009, under Beijing’s increased internet censorship regime designed to eliminate political content deemed “harmful” by the Chinese Communist Party.