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Four top chipmakers on Tuesday introduced their latest products ahead of the CES 2022 tech conference.
$Advanced Micro Devices (AMD.US)$:
the company's new notebook processors will offer a big performance boost over its current-generation chips.
They are delivering an average of 1.3 (times) faster performance compared to the 5000 series across a wide range of compute-intensive benchmarks."
AMD also previewed its next-generation processor...
$Advanced Micro Devices (AMD.US)$:
the company's new notebook processors will offer a big performance boost over its current-generation chips.
They are delivering an average of 1.3 (times) faster performance compared to the 5000 series across a wide range of compute-intensive benchmarks."
AMD also previewed its next-generation processor...
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$Longeveron (LGVN.US)$ Is there still hope to rise to 24?
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$Rivian Automotive (RIVN.US)$ just bought $500k!
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$Rivian Automotive (RIVN.US)$made its public debut on Wednesday. The highly anticipated EV stock traded higher by nearly 30%, closing the day valued above many traditional automakers.
Today shares of the company are trading 18% higher and according to Loup Funds' Gene Munster, Rivian's valuation may be even more lofty than Tesla's.
I think Rivian's valuation is a full standard deviation outside of aggressive."
—— Munster said Thursday on CNBC's "Squawk Box."
Munster told CNBC the average sale price of a Rivian vehicle is about $80,000, which is similar to Tesla's Model S and X.
Tesla delivers about 70,000 of these vehicles per year, according to Munster. Rivian is expected to deliver about 1,000 vehicles this year, but if one assumes the company is able to deliver 70,000 vehicles in 2023, "that means that the valuation per vehicle delivery in 2023 is $1.3 million," he said.
Based on 2023 delivery expectations, Tesla is valued around $500,000 per vehicle delivery, Munster said.
EVs are ultimately computers on wheels, so Munster considers Tesla and Rivian to be tech companies, he said. "So when I think about Tesla and think about the long term, my opinion is this can be a $2,500 stock." Munster said he sees an important difference between Tesla and Rivian: Tesla didn't increase its growth rate to 50% until it started selling lower priced vehicles.
Mooers, do you think Rivian's market cap will surpass Tesla's in the future?
Today shares of the company are trading 18% higher and according to Loup Funds' Gene Munster, Rivian's valuation may be even more lofty than Tesla's.
I think Rivian's valuation is a full standard deviation outside of aggressive."
—— Munster said Thursday on CNBC's "Squawk Box."
Munster told CNBC the average sale price of a Rivian vehicle is about $80,000, which is similar to Tesla's Model S and X.
Tesla delivers about 70,000 of these vehicles per year, according to Munster. Rivian is expected to deliver about 1,000 vehicles this year, but if one assumes the company is able to deliver 70,000 vehicles in 2023, "that means that the valuation per vehicle delivery in 2023 is $1.3 million," he said.
Based on 2023 delivery expectations, Tesla is valued around $500,000 per vehicle delivery, Munster said.
EVs are ultimately computers on wheels, so Munster considers Tesla and Rivian to be tech companies, he said. "So when I think about Tesla and think about the long term, my opinion is this can be a $2,500 stock." Munster said he sees an important difference between Tesla and Rivian: Tesla didn't increase its growth rate to 50% until it started selling lower priced vehicles.
Mooers, do you think Rivian's market cap will surpass Tesla's in the future?
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$Rivian Automotive (RIVN.US)$ ipo price is too high.
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$Goldman Sachs (GS.US)$ 406 has been filled, 402 pending orders will not be given
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