AMD closed 2025 with $34.6 billion in revenue — a 34% jump that would be the headline number at most companies. But the stock sits 25% below its October all-time high, and investors are split on whether that gap represents opportunity or a warning. The Meta deal alone — $60 billion over five years for up to 6 gigawatts of Instinct MI450 GPUs — fundamentally changes AMD’s revenue trajectory. Yet Nv...
AMD closed 2025 with $34.6 billion in revenue — a 34% jump that would be the headline number at most companies. But the stock sits 25% below its October all-time high, and investors are split on whether that gap represents opportunity or a warning. The Meta deal alone — $60 billion over five years for up to 6 gigawatts of Instinct MI450 GPUs — fundamentally changes AMD’s revenue trajectory. Yet Nvidia still holds roughly 80% of the data center GPU market, Google and Amazon are building their own chips, and China export controls just erased $1.5 billion from AMD’s top line. This analysis breaks down whether AMD stock deserves a spot in your portfolio at current prices. AMD at a Glance: Key Metrics Metric Value Ticker AMD (NASDAQ) Stock Price ~$193 (March 2026) Market Cap ~$325 Billion FY2025 Revenue $34.6B (+34% YoY) Q4 2025 Revenue $10.3B (beat $9.6B est.) Q1 2026 Guidance $9.5B–$10.1B (above consensus) Data Center Revenue (Q4) $5.4B (52% of total) Non-GAAP EPS (Q4) $1.53 (beat $1.32 est.) FY2025 Net Income $4.3B (+164% YoY) Forward P/E ~30x Trailing P/E ~74x Analyst Consensus Buy (41% Strong Buy, 38% Buy, 21% Hold) Highest Price Target $380 (Benchmark) Data Center 2030 Target $100B/year (60% CAGR) The number that matters most: AMD’s forward P/E of ~30x. For a company projecting 34% revenue growth in 2026 and 43% in 2027, that multiple is not expensive relative to the growth rate. The PEG ratio sits near 0.8 — below 1.0, which traditionally signals undervaluation for growth stocks. Compare that to Nvidia at ~23x forward with 65% growth, and AMD looks like a reasonable risk-reward bet for investors who believe the AI infrastructure buildout has years left to run. The Investment Thesis: AMD Is No Longer Nvidia’s Shadow For years, the knock against AMD was simple: why buy the second-best GPU company when you can buy the best one? That framing made sense when AMD’s data center business was a rounding error and Nvidia’s CUDA ecosystem had no meaningful competition. But t...
这几天，关于英伟达 GTC 大会的讨论几乎被老黄的“token 经济学”刷屏了。 “未来的数据中心，不是存储仓库，而是生产智能 Token 的工厂；而每瓦性能，就是这场竞赛里唯一的硬指标。”用这句话，黄仁勋为企业描绘了一种全新的未来竞争范式。 从算力成本到推理效率，从 Token 价格到 AI 商业模式，市场的注意力集中在一个熟悉的问题上：如何更高效地生产与消耗“智能”？但如果把视线从云端稍微下移，会发现另一条同样来自英伟达的消息相对容易被忽略—— 3 月 16 日，英伟达宣布联合 T-Mobile 与诺基亚，将物理 AI 应用部署于分布式边缘 AI 网络上，试图将无线通信网络升级为高性能边缘 AI 计算平台。 相比“token 经济学”对效率与成本的再优化，这条消息指向一个更底层的问题：当 AI 不再只是生成内容，而是要进入现实世界、参与每一次实时决策时，我们赖以运行 AI 的网络和计算架构，是否需要被重写？ 黄仁勋对于这一问题的答案很直接： “网络正在演变为人工智能基础设施，使数十亿台设备——从视觉人工智能代理到机器人和自动驾驶汽车——能够实时地看、听和行动。通过与 T-Mobile 和诺基亚合作，将 5G 网络转变为分布式人工智能计算机，我们正在为全球边缘人工智能基础设施打造一个可扩展的蓝图。” 对于一名长期关注物联网与边缘计算的从业者而言，这或许才是这届 GTC 更值得关注的信号~ 打破物理 AI 规模化发展的关键瓶颈 此前，黄仁勋在多个场合的演讲中都曾介绍过对 AI 发展阶段的预测，即 AI 经历了感知 AI、生成式 AI 阶段后，现在进入了代理 AI 阶段，未来将是物理 AI 时代。如果说生成式 AI 解决的是“理解与生成信息”的问题，那么物理 AI 所要面对的，则是一个更复杂的命题： 理解世界，并在其中行动。 按照英伟达给出的定义，“物理 AI 是使用运动技能理解现实世界并与之进行交互的模型，它通常以机器人、自动驾驶汽车等自主机器为载体”——我们知道，诸如 GPT 和 Llama 等大语言模型在生成人类语言和抽象概念方面能力惊人，但它们对物理世界了解有限，并受其规则约束，但物理 AI 能够理解我们居住的三维世界的空间关系和物理行为，因而扩展了当前的生成式 AI。 利用物理 AI，自主机器能够感知、理解并在现实 (物理) 世界中执行复杂的操作，例如：自动...
Key Points Bitcoin, Ether, Dogecoin, Solana, XRP, and Cardano are officially classified as digital commodities, not securities. Tokenized stocks and bonds are still securities, even when they're wrapped in blockchain technology. This regulatory clarity paves the way for more crypto ETFs, futures products, and institutional investment. 10 stocks we like better than Dogecoin › For years, crypto inve...
Key Points Bitcoin, Ether, Dogecoin, Solana, XRP, and Cardano are officially classified as digital commodities, not securities. Tokenized stocks and bonds are still securities, even when they're wrapped in blockchain technology. This regulatory clarity paves the way for more crypto ETFs, futures products, and institutional investment. 10 stocks we like better than Dogecoin › For years, crypto investors have operated in a regulatory fog. Is your favorite coin a security? A commodity? Something else entirely? The answer mattered enormously. It determined which regulators had jurisdiction over your favorite cryptocurrencies, what rules applied, and whether the project behind your tokens might face an enforcement action. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The times, they are a-changin'. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint guidance document this week that clears up a lot of the regulatory fog. The guidance title is straight to the point, in that adorably dry way of professional bureaucrats: "Application of the Federal Securities Laws to Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets." The biggest revelation: 16 major cryptocurrencies are officially digital commodities, not securities. Bitcoin (CRYPTO: BTC), Ether (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE), Solana (CRYPTO: SOL), XRP (CRYPTO: XRP), Cardano (CRYPTO: ADA), and ten of their closest friends made the official list. Pop the champagne. Or convert it to carbonated stablecoins. Whatever feels right. The "Are you a security?" test in plain English Imagine you give the neighbor kids $100 to open a lemonade stand. They promise to work hard, grow the business, and split the profits with you. That's an investment in their efforts. It's...
Swire Coca-Cola has secured a HK$31.9 million (US$4 million) contract to supply Bonaqua water to some Hong Kong government offices, following a HK$52.9 million bottled water procurement scandal last year. According to a Government Logistics Department notice, Swire Coca-Cola was awarded the 27-month contract on Tuesday to supply more than 1.46 million bottles of drinking water to offices on Hong K...
Swire Coca-Cola has secured a HK$31.9 million (US$4 million) contract to supply Bonaqua water to some Hong Kong government offices, following a HK$52.9 million bottled water procurement scandal last year. According to a Government Logistics Department notice, Swire Coca-Cola was awarded the 27-month contract on Tuesday to supply more than 1.46 million bottles of drinking water to offices on Hong Kong Island and parts of the outlying islands. The selection followed an open tender launched in December. In its tender documents, the department added several requirements, including requiring suppliers to prove they held a market share over the past 10 years, had a minimum of 50 sales channels, and possessed a daily order delivery capacity of at least 100 orders. Advertisement If the bottled water is imported, the supplier must meet the qualifications of a food importer and submit a safety test report. If the total bid price exceeds HK$15 million, bidders must pass a financial review, pay a contract deposit and allow authorities to conduct an on-site inspection. In June 2023, Swire Coca-Cola also won a bid to supply bottled water involving 1.35 million bottles of drinking water for HK$40.5 million. Advertisement The government came under scrutiny last August over a three-year HK$52.9 million bottled water supply contract awarded to Xin Ding Xin Trade. It was the first time mainland Chinese suppliers won the contract, supposedly saving the city’s 170,000 civil servants an average of about HK$16.2 million a year on bottled water supplies. The company allegedly submitted fraudulent documents and is suspected of defrauding the department and breaching the Trade Descriptions Ordinance.
Hong Kong should leverage its position as a “safe haven for investment” to attract foreign capital amid the ongoing conflict in the Middle East, the head of InvestHK has said, noting that more companies using Dubai as a hub have shifted to the city to diversify risk. Alpha Lau Hai-suen, director general of the Hong Kong government’s investment promotion agency, said on Friday that businesses were ...
Hong Kong should leverage its position as a “safe haven for investment” to attract foreign capital amid the ongoing conflict in the Middle East, the head of InvestHK has said, noting that more companies using Dubai as a hub have shifted to the city to diversify risk. Alpha Lau Hai-suen, director general of the Hong Kong government’s investment promotion agency, said on Friday that businesses were cautious about expanding operations, given the rising operational costs and uncertainty stemming from the US-Israel war on Iran and Tehran’s attacks on infrastructure in Dubai, United Arab Emirates. Lau said Hong Kong should seize the opportunity as a safe haven to draw foreign capital based in Dubai, even as the government there continued to offer tax incentives, preferential treatment and financial support to attract international investors. Advertisement She noted that China and other Asian countries with strong economic growth were some of the top destinations for companies seeking expansion, while sovereign funds had also shown an interest in diverting investment to the city and the East, even before the US-Israel war on Iran began last month. Alpha Lau says Hong Kong can play a key role in helping mainland companies go global. Photo: Enoch Yiu “What we have seen is that not only Middle Eastern money, but companies and countries that have traditionally used Dubai as a hub, have now shifted mostly to Hong Kong – maybe a little bit to Singapore – because they want to diversify their risk,” Lau said in an interview on the sidelines of a seminar co-hosted by InvestHK in Beijing.
winhorse Apple's ( AAPL ) CEO Tim Cook met with Chinese Minister of Commerce Wang Wentao on Friday, according to a video clip released on the WeChat account of China's Ministry of Commerce. Cook kicked off his China tour on Wednesday, where he visited an Apple Store in Chengdu, the capital of southwestern Sichuan province, as part of the company’s 50th anniversary celebrations. In the meeting with...
winhorse Apple's ( AAPL ) CEO Tim Cook met with Chinese Minister of Commerce Wang Wentao on Friday, according to a video clip released on the WeChat account of China's Ministry of Commerce. Cook kicked off his China tour on Wednesday, where he visited an Apple Store in Chengdu, the capital of southwestern Sichuan province, as part of the company’s 50th anniversary celebrations. In the meeting with Wang, key topics included the global supply chain and China's efforts to boost domestic consumption. Cook reaffirmed the importance of the Chinese market and expressed appreciation for recent consumption incentive policies, according to several media reports . "China continues to be the vast majority of our supply chain in the world, with 80 of our top 100 suppliers in China," said Cook. "We are very much focused on high-quality development." "We had good business over the last several months in China; we are very appreciative of the government incentives that are stimulating consumption in the country," Cook added. According to Counterpoint Research, Apple's iPhone sales in China surged 23% year-over-year in the first nine weeks of 2026. Cook's visit comes ahead of the China Development Forum 2026, which will be held from March 22-23. He previously visited China in October, where he met government officials and pledged to increase investment in China amid the U.S.-China trade tussle. In January, China’s Vice Premier He Lifeng reportedly met with Cook and several other top global executives at the World Economic Forum in Davos. Earlier this week, Cook squashed rumors that he was considering retiring from the company he has led since 2011. Apple's Chief Operating Officer Sabih Khan reportedly met several supply chain partners, including Foxconn, earlier this week. The Chinese ruling party’s flagship newspaper People’s Daily said on Tuesday that Apple needs to ease App Store restrictions and fix alleged “monopolistic” practices. Last week, Apple said it would lower the commi...
The tech giants are not neutral innovators. They are the gleaming, blood-drenched arsenal of a dying empire, and Palantir Technologies stands tallest among them. In the pulverized streets of Gaza—where more than 72,000 Palestinians have been massacred since October 2023—Palantir’s AI killing machines (“Lavender,” “Gospel,” “Where’s Daddy?”) have become the Israeli military’s most trusted execution...
The tech giants are not neutral innovators. They are the gleaming, blood-drenched arsenal of a dying empire, and Palantir Technologies stands tallest among them. In the pulverized streets of Gaza—where more than 72,000 Palestinians have been massacred since October 2023—Palantir’s AI killing machines (“Lavender,” “Gospel,” “Where’s Daddy?”) have become the Israeli military’s most trusted executioners. They churn through stolen data to spit out kill lists, select civilian homes for annihilation, and guide drones to family gatherings with the cold precision of a slaughterhouse conveyor belt. UN Special Rapporteur Francesca Albanese has named Palantir outright as complicit in what she calls a “collective crime” of genocide. CEO Alex Karp, grinning like a man who has found God in a missile guidance system, brags openly about his company’s “strategic partnership” with Israel’s Ministry of Defense and the pride he takes in backing the occupation “in every way we can.” This is not a glitch. This is the entire business model. The name “Palantir” is a deliberate illumination. Peter Thiel took it straight from J.R.R. Tolkien’s “The Lord of the Rings”: the palantíri were magical seeing-stones that allowed their users to gaze across continents, but which corrupted and enslaved the watcher. The most infamous stone was Sauron’s, used to spy on enemies, manipulate leaders, and spread fear and domination. Thiel, a lifelong Tolkien obsessive, chose the name with eyes wide open. He and his creations do not cast themselves as hobbits or Aragorn. They cast themselves as the new Saurons—modern dark lords armed with algorithms instead of orbs, determined to watch, predict, and punish every living soul that stands in the way of their vision of total control. This Tolkien obsession is not unique to Thiel. It runs deep in the far right across the West, including Italy under Giorgia Meloni. Meloni and her Brothers of Italy party have long drawn on Tolkien’s mythology as a cultural and ideolo...
China’s exports of rare earth permanent magnets to the United States continue to fall, at a time when Washington and its allies are stepping up efforts to reduce reliance on the country’s critical mineral supply chains. Shipments of permanent magnets to the US totalled 994 tonnes in January and February, down nearly 22.5 per cent year on year, according to data released on Friday by China’s Genera...
China’s exports of rare earth permanent magnets to the United States continue to fall, at a time when Washington and its allies are stepping up efforts to reduce reliance on the country’s critical mineral supply chains. Shipments of permanent magnets to the US totalled 994 tonnes in January and February, down nearly 22.5 per cent year on year, according to data released on Friday by China’s General Administration of Customs. This marked the seventh consecutive month of decline. Over the two months, the US was China’s third-largest buyer of rare earth magnets, behind Germany and South Korea, accounting for 9.2 per cent of total exports. Advertisement Exports to the EU, meanwhile, continued their upwards trend, reaching 4,775 tonnes in the first two months of 2026 – up 28.4 per cent year on year – and raising the bloc’s share of China’s magnet exports to 44.4 per cent. With dates for the Chinese New Year changing every year, Beijing typically combines January and February trade data to limit distortions. Advertisement
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavywe...
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Alibaba (BABA). Alibaba currently has an average brokerage recommendation (ABR) of 1.36, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 25 brokerage firms. An ABR of 1.36 approximates between Strong Buy and Buy. Of the 25 recommendations that derive the current ABR, 21 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 84% and 4% of all recommendations. Brokerage Recommendation Trends for BABA Broker Rating Breakdown Chart for BABA Check price target & stock forecast for Alibaba here>>> While the ABR calls for buying Alibaba, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential. Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations. This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements. Zacks Rank, our proprietary stock rating tool with an impressive externally a...
Healthcare stocks are selling off with the turbulence in the Middle East. But, why? The best plays here are geopolitical-proof. They print money regardless of what's going on in the world. So this is a good time to check in on healthcare. In a moment we'll review five dividends between 6.0% and, get this, 14.1%! First, though, let's unpack the reasons for the recent pullback. Back in August, I fla...
Healthcare stocks are selling off with the turbulence in the Middle East. But, why? The best plays here are geopolitical-proof. They print money regardless of what's going on in the world. So this is a good time to check in on healthcare. In a moment we'll review five dividends between 6.0% and, get this, 14.1%! First, though, let's unpack the reasons for the recent pullback. Back in August, I flagged how Medicaid cuts, health research funding, pharmaceutical tariffs and a cocktail of other headwinds had kept the sector pinned down for months. However these resilient companies have a habit of getting back up--and sure enough, healthcare went on a new tear, returning about 25% through late February. Then Healthcare Got Caught Up in the Market's Recent Turmoil Here are five healthcare stocks handing us up to 9-times the sector average yield. Are these payouts worth purchasing? Let's look under the hood and analyze the fundamentals. Pfizer (PFE) Dividend Yield: 6.5% Pfizer (PFE) was for years one of healthcare's most dependable blue chips, built on successful blockbuster brands like Lipitor, Viagra and Zoloft. But near the end of 2021, the bottom started to fall out of the stock. Today, shares are worth only half of what they were then. The biggest risk staring Pfizer in the face is a common one in pharmaceuticals: the patent cliff. Eliquis, Ibrance, Xtandi, Prevnar 13 and other drugs that combined deliver about $17 billion of Pfizer's annual revenue are scheduled to go over the patent cliff between now and 2030. For context, PFE's revenue guidance for 2026 is $61 billion at the midpoint. The company has also been held back by changes to Medicare's Part D prescription-drug coverage and declining COVID drug sales. But Maybe, Just Maybe, Pfizer Is Turning Things Around Pfizer is looking toward GLP-1 weight-loss drugs to help counterbalance its patent-cliff expirations. It has made several additions to its GLP-1 pipeline of late, including a $7 billion acquisition of Mets...
NuScale Power (SMR 0.38%) isn't my top growth stock for 2026. But the maker of small nuclear reactors (SMRs) certainly has the potential to deliver big gains this year. That's especially true following the recent correction, which allows new investors to invest at a 40% discount to January's highs. With a market capitalization of just $4 billion, NuScale Power is exactly the type of stock that can...
NuScale Power (SMR 0.38%) isn't my top growth stock for 2026. But the maker of small nuclear reactors (SMRs) certainly has the potential to deliver big gains this year. That's especially true following the recent correction, which allows new investors to invest at a 40% discount to January's highs. With a market capitalization of just $4 billion, NuScale Power is exactly the type of stock that can deliver truly massive gains. But shares are not without risk. There are two important factors to understand before jumping in. Expand NYSE : SMR NuScale Power Today's Change ( -0.38 %) $ -0.04 Current Price $ 11.95 Key Data Points Market Cap $3.8B Day's Range $ 11.59 - $ 12.05 52wk Range $ 11.08 - $ 57.42 Volume 72K Avg Vol 26M Gross Margin 33.84 % 1. AI will drive adoption of nuclear technology The U.S. is the largest producer of nuclear power in the world. Nuclear energy contributes roughly 20% of the nation's electricity needs. But the building of new nuclear facilities flatlined for decades due to high costs, long construction times, safety fears, and falling natural gas prices. This flatlining, however, could soon be a thing of the past. That's in part due to artificial intelligence (AI). AI technologies rely on data centers to deliver the massive amounts of compute and processing power needed to train and deploy the complex models that these technologies need to function. One of the biggest challenges, however, is that data centers require a huge amount of electricity to operate. By tapping into traditional grids, data centers have overwhelmed many regions with electricity demand, often resulting in rising prices for consumers. Limited excess electricity capacity and growing consumer pushback threatens the massive buildout of data centers necessary to power the rapidly growing needs of the AI sector. This has forced AI and data center companies to look for alternatives. One of the biggest potential new sources of electricity is nuclear energy. But not just the large,...
Dimensional Fund Advisors is becoming the first asset manager to launch an exchange-traded fund share class of a mutual fund since Vanguard Group ’s patent on the model expired nearly three years ago. The actively managed Dimensional US Micro Cap ETF begins trading on Friday under the ticker DFMC , Dimensional said in a statement. DFMC is a share class of the company’s US Micro Cap Portfolio, whic...
Dimensional Fund Advisors is becoming the first asset manager to launch an exchange-traded fund share class of a mutual fund since Vanguard Group ’s patent on the model expired nearly three years ago. The actively managed Dimensional US Micro Cap ETF begins trading on Friday under the ticker DFMC , Dimensional said in a statement. DFMC is a share class of the company’s US Micro Cap Portfolio, which has existed as a mutual fund since 1981. With Friday’s launch, Dimensional is the first to successfully mimic Vanguard’s fund blueprint since the Securities and Exchange Commission gave its blessing to the move last September. In creating an ETF as a share class of an existing mutual fund, the former vehicle’s tax efficiency is effectively being ported over to the latter. The model was cheered by SEC Chair Paul Atkins , who wrote in an opinion piece in the Washington Post last month that it would extend “a major tax break to millions of people investing to build wealth” because the ETF won’t be exposed to the capital-gains tax liability that mutual-fund shareholders face when assets are sold off to meet redemptions. It’s a potentially significant shift for the asset-management industry, which has seen trillions of dollars drain from mutual funds in favor of ETFs over the past decade. “We designed this fund for institutional investors at a time when they were concerned about being overly concentrated in US large caps — that was 45 years ago, so in some ways, history repeats itself,” Joel Schneider , the firm’s deputy head of portfolio management for North America, said in a phone interview. “We now have an ETF share class with a 45-year track record.” The fund design was pioneered by Vanguard, who enjoyed its exclusive use for nearly two decades before its patent expired in May 2023. Dimensional is the first in a potentially long line of issuers waiting in the wings after the SEC granted exemptive relief to dozens of firms including BlackRock, JPMorgan, Fidelity and State ...