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Nvidia announced its sixth stock split, with shares set to trade at one-tenth their current price starting June 10, 2024. Before the Q1 2024 earnings call on May 22, when the split was revealed, NVDA closed at $949.50. Since then, the stock has surged past the $1,150 mark, reaching all-time highs. To be eligible for the split shares, investors must own the stock by the market close at 4 pm ET on June 6, 2024. Nvidia's last 4-for-1 split i...
![Nvidia's Upcoming Stock Split: What Investors Need to Know](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240605/735a92b2552345159cb961e4a8d639a6.jpg?area=100&is_public=true/thumb)
![Nvidia's Upcoming Stock Split: What Investors Need to Know](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240605/6bf89b3ba761444e892d2fde72e09547.png?area=100&is_public=true/thumb)
![Nvidia's Upcoming Stock Split: What Investors Need to Know](https://ussnsimg.moomoo.com/sns_client_feed/77777017/20240605/ecae8f8cbad54d2d9cea877cb8672548.png?area=100&is_public=true/thumb)
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$Tesla (TSLA.US)$ was 'just a car'
$Apple (AAPL.US)$ was 'just a phone'
$Alphabet-C (GOOG.US)$ was 'just an algorithm'
$NVIDIA (NVDA.US)$ was 'just a chip'
$Amazon (AMZN.US)$ was 'just a book store'
$Apple (AAPL.US)$ was 'just a phone'
$Alphabet-C (GOOG.US)$ was 'just an algorithm'
$NVIDIA (NVDA.US)$ was 'just a chip'
$Amazon (AMZN.US)$ was 'just a book store'
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What was expected to be a wave of U.S. exchange-traded funds tied to Bitcoin futures has all but dried up -- for now -- after off-the-charts demand for the first one rattled Wall Street's all-important middlemen.
Wall Street analysts as many as four Bitcoin futures ETFs to begin trading in October following the SEC' s tacit approval of the structure; instead only two products, fromProShares $ProShares Bitcoin ETF (BITO.US)$ and Valkyrie Investments $Valkyrie Bitcoin and Ether Strategy ETF (BTF.US)$, debuted.
The delay is due in part to reticence among futures commission merchants, which act as an intermediary between derivatives-backed funds such as the $ProShares Bitcoin ETF (BITO.US)$ and the exchanges where those contracts trade. Known as FCMs , these firms -- typically banks -- handle buy and sell orders for futures contacts on behalf of their clients and then settle those trades with exchanges such as the Chicago Mercantile Exchange.
In normal circumstances, it's a fairly mechanical, out-of-the-spotlight relationship. However, the seen for $ProShares Bitcoin ETF (BITO.US)$ -- which last monthaccumulated more than $1 billion in assets in just two days, among the biggest launches ever -- has FCMs thinking twice. The cash influx quickly ate up the balance sheet of the firm acting as an FCM for BITO at its launch, putting regulatory capital limitations against the Bitcoin futures exposure in sight, according to a person familiar with the matter.
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Source: Bloomberg
Wall Street analysts as many as four Bitcoin futures ETFs to begin trading in October following the SEC' s tacit approval of the structure; instead only two products, fromProShares $ProShares Bitcoin ETF (BITO.US)$ and Valkyrie Investments $Valkyrie Bitcoin and Ether Strategy ETF (BTF.US)$, debuted.
The delay is due in part to reticence among futures commission merchants, which act as an intermediary between derivatives-backed funds such as the $ProShares Bitcoin ETF (BITO.US)$ and the exchanges where those contracts trade. Known as FCMs , these firms -- typically banks -- handle buy and sell orders for futures contacts on behalf of their clients and then settle those trades with exchanges such as the Chicago Mercantile Exchange.
In normal circumstances, it's a fairly mechanical, out-of-the-spotlight relationship. However, the seen for $ProShares Bitcoin ETF (BITO.US)$ -- which last monthaccumulated more than $1 billion in assets in just two days, among the biggest launches ever -- has FCMs thinking twice. The cash influx quickly ate up the balance sheet of the firm acting as an FCM for BITO at its launch, putting regulatory capital limitations against the Bitcoin futures exposure in sight, according to a person familiar with the matter.
How do you think about Bitcoin futures ETFs? Will you invest in it?
Source: Bloomberg
![Bitcoin futures ETF mania cools as Wall Street hits pause button](https://sgsnsimg.moomoo.com/814031526557341185.png/thumb)
![Bitcoin futures ETF mania cools as Wall Street hits pause button](https://sgsnsimg.moomoo.com/2881902389279463283.png/thumb)
![Bitcoin futures ETF mania cools as Wall Street hits pause button](https://sgsnsimg.moomoo.com/5941277065174354166.png/thumb)
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$NVIDIA (NVDA.US)$ Unbelievable rise, the conclusion is: the next company with a market cap of over 1 trillion... nvda...
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@OldNormanBateswanted to try and share this with you my friend
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$GlobalFoundries (GFS.US)$ Historically, the semiconductor industry has been plagued by cyclicality but as the industry has become more concentrated, the cyclicality has become moderate, with $Taiwan Semiconductor (TSM.US)$ being the biggest winners of this period of concentration. The reason we have a chip shortage is because the technical challenges and costs of creating advanced chips are so large that there are effectively barriers to entry that prevent the emergence of a serious rival to the top chipmakers. A concentrated industry means that businesses can defy asset growth effects and expand production without harming future returns.
The smoothing out of the industry's cyclicality is also a function of the demand for chips. Chips are everywhere. The shift to cloud, the emergence of the Internet of Things (IoT), the rise of 5G, the increasing importance of artificial intelligence (AI) and next-generation auto chips are, to quote the company's F-1 registration form, "driving a new golden age of semiconductors". This market will be worth $1 trillion by the end of the decade, double its present valuation.
GlobalFoundries believes that as of 2020, it has an estimated serviceable addressable market (SAM) of around $54 billion, based on data from Gartner.
Semiconductors have often suffered from the ill effects of the asset growth effect. The asset growth effect is an observable phenomenon in which low asset-growth stocks outperform high asset-growth stocks. In other words, as investment increases, future returns decline. This is because industries in which businesses are expanding are doing so because the returns are attractive. That attracts other businesses and eventually, supply is in excess of demand, and prices collapse until supply and demand are in equilibrium. With concentration and rising demand, cyclicality is much more moderated and the landscape supports high valuations.
The smoothing out of the industry's cyclicality is also a function of the demand for chips. Chips are everywhere. The shift to cloud, the emergence of the Internet of Things (IoT), the rise of 5G, the increasing importance of artificial intelligence (AI) and next-generation auto chips are, to quote the company's F-1 registration form, "driving a new golden age of semiconductors". This market will be worth $1 trillion by the end of the decade, double its present valuation.
GlobalFoundries believes that as of 2020, it has an estimated serviceable addressable market (SAM) of around $54 billion, based on data from Gartner.
Semiconductors have often suffered from the ill effects of the asset growth effect. The asset growth effect is an observable phenomenon in which low asset-growth stocks outperform high asset-growth stocks. In other words, as investment increases, future returns decline. This is because industries in which businesses are expanding are doing so because the returns are attractive. That attracts other businesses and eventually, supply is in excess of demand, and prices collapse until supply and demand are in equilibrium. With concentration and rising demand, cyclicality is much more moderated and the landscape supports high valuations.
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$Textron (TXT.US)$ Expectations fell a little short but was expected. Expected about the ending
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