Earnings Week Ahead: BABA, XYZ, BIDU, WMT, RIVN and More
Did Taiwan Semiconductor and Broadcom "split" from Intel?
According to reports, Taiwan Semiconductor has been studying the control of some or all of Intel's chip factories, potentially as part of an investor consortium or other structure; Broadcom has been closely monitoring Intel's chip design and marketing business for a long time, and may propose an acquisition offer after finding a manufacturing business partner. Due to rumors of a potential acquisition by Intel, the company's stock price has surged 23% this week.
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JPMorgan's Algo assessment: How should Alibaba be re-evaluated?
Analysts believe that Alibaba's stock price still has further room to rise. Based on the average valuation multiple of 6.5 times for USA SaaS companies, Alibaba Cloud's value could reach 115 billion USD, increasing the company's overall valuation to 320 billion USD, which allows for a further 14% increase in stock price. If calculated with Microsoft's 10.5 times, the upward valuation driven entirely by Alibaba Cloud could bring up to a 39% increase in stock price.