J Studios/DigitalVision via Getty Images You would have needed a pole vault to get over that bar. The expectations bar, that is. On Wednesday after the market close, US chipmaker Broadcom ( AVGO ) released its sales and earnings report for the second quarter (second fiscal quarter, corresponding to the first calendar quarter ended March 31). Broadcom’s sales rose 48 percent year-on-year, and the c...
J Studios/DigitalVision via Getty Images You would have needed a pole vault to get over that bar. The expectations bar, that is. On Wednesday after the market close, US chipmaker Broadcom ( AVGO ) released its sales and earnings report for the second quarter (second fiscal quarter, corresponding to the first calendar quarter ended March 31). Broadcom’s sales rose 48 percent year-on-year, and the company’s forward guidance for the quarter to come topped consensus estimates. The Palo Alto-based chipmaker is smack in the middle of the hottest story – arguably the only story – driving US stock market growth this year. Pretty good results, one might have thought. But one would have been mistaken, at least in the context of what occupies the mind of the market. Broadcom shares plunged more than 12 percent on Thursday, one of the biggest single-day losses on record, as investors apparently decided that even though the forward estimates beat the median forecast, they didn’t beat the most optimistic estimates. The freefall is continuing in the early hours of trading on Friday, and the stock is now around 17 percent off where it started on Thursday. Here We Go Again with Productivity The eye-popping magnitude of the Broadcom drop notwithstanding, the context around it is something we have seen time and again ever since OpenAI ( OPENAI ) introduced ChatGPT to the world back in the latter months of 2022. Every now and then, the furious pace of investment in AI infrastructure and compute – the so-called “tokens” that are the basic units of AI brainpower – has been popped by a counternarrative questioning whether all this money was ever going to produce something genuinely productive and business-enhancing for its end users. There was a Goldman Sachs research piece asking that exact question all the way back in the summer of 2023. Last year we had an MIT report in which 95 percent of companies using generative AI in some form claimed that their pilot programs were not delivering ...
格隆汇6月6日｜据极目新闻，电影《给阿嬷的情书》里如姨一句“just do it”成了热梗，逗笑了无数人。但银幕外的耐克，恐怕笑不出来。这句曾经激励无数人的经典广告语，如今更像一声尴尬的回响。耐克大中华区营收连续七个季度下滑，2026财年第三季度同比跌10%，市值几个月蒸发315亿美元。曾经无比辉煌的运动帝国，正在中国市场经历一场悄无声息的溃败。 消费者为什么不买耐克了？原因就是三个字：不值了。虽...
格隆汇6月6日｜据极目新闻，电影《给阿嬷的情书》里如姨一句“just do it”成了热梗，逗笑了无数人。但银幕外的耐克，恐怕笑不出来。这句曾经激励无数人的经典广告语，如今更像一声尴尬的回响。耐克大中华区营收连续七个季度下滑，2026财年第三季度同比跌10%，市值几个月蒸发315亿美元。曾经无比辉煌的运动帝国，正在中国市场经历一场悄无声息的溃败。 消费者为什么不买耐克了？原因就是三个字：不值了。虽然说它原价899元降到429元，但对于大多数消费者来说，429元也还是贵啊，如果不是打从心眼里喜欢和认可，429元能买多少双普通球鞋啊！为什么消费者如今觉得耐克“不值了”呢？原因大概有三层。 第一层，消费者变了，但耐克却一成不变。十年前穿耐克是身份象征，“国际品牌”四个字就是最好的广告。但今天的中国消费者早就过了“仰视大牌”的阶段，他们考虑的是“这双鞋适不适合我”，而不是“我配不配穿这双鞋”。第二层，市场变了，耐克却懒得改变。无论从产品逻辑还是销售方式，耐克都呈现出一种慢吞吞的迟缓感。第三层，也是最关键的一点，国货品牌的强势崛起，从根本上动摇了耐克等国际品牌的统治根基。
If you're getting close to ending your career, it's important to make sure you've saved enough to kick off your retirement. But seeing how much money you have in your IRA or 401(k) isn't going to cut it. You may be looking at an impressive number on the screen. But will that number hold up over what could be a 20-year period or longer? Image source: Getty Images. Continue reading
If you're getting close to ending your career, it's important to make sure you've saved enough to kick off your retirement. But seeing how much money you have in your IRA or 401(k) isn't going to cut it. You may be looking at an impressive number on the screen. But will that number hold up over what could be a 20-year period or longer? Image source: Getty Images. Continue reading