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☆ NYU professor says he's skeptical of any company entering the market with a 'SoftBank-based pricing'
▼ + stars: | 2023-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNYU professor says he's skeptical of any company entering the market with a 'SoftBank-based pricing'Aswath Damodaran, professor of finance at NYU Stern School of Business, discusses recent initial public offerings, such as Arm's, and says "I just don't trust SoftBank."

Persons: Damodaran Organizations: NYU Stern School of Business

☆ Instacart's IPO flops as the stock slumps. Here are 7 reasons why.
▼ + stars: | 2023-09-20 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

This is one of the concerns that has turned Instacart's IPO into a flop on its second day as a public company. To be successful, an IPO must deliver a big pop to the investors who signed on to buy stock when it debuts. He came out with an analysis of Instacart's business on Tuesday, valuing the company at $29 a share. The reason: The grocery business is low-margin, so there's not a lot of room for Instacart to skim more fees. "In short, the growth in online grocery sales will be higher than total grocery sales growth, but not overwhelmingly so."

Persons: Aswath Damodaran, Fidji Simo, Instacart, Rowe Price, Damodaran, there's, Uber, Instacart doesn't Organizations: Service, Fidelity, DST Global, NYU's Stern School of Business, Instacart Shoppers, Shoppers, Tech Locations: Wall, Silicon, Aswath, COVID

☆ SoftBank's involvement in the ARM IPO is a red flag, says NYU's Aswath Damodaran
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoftBank's involvement in the ARM IPO is a red flag, says NYU's Aswath DamodaranAswath Damodaran, professor of finance at NYU Stern School of Business, joins 'The Exchange' to discuss a potentially over-zealous hype going into the ARM IPO valuation, concerns about SoftBank's involvement in the ARM IPO, and expectations for upcoming IPOs in the pipeline.

Persons: NYU's, Damodaran Organizations: ARM, NYU Stern School of Business

☆ Should I Ditch Bonds for Money-Market Funds or CDs?
▼ + stars: | 2023-09-11 | by ( Steve Garmhausen | ) www.wsj.com time to read: +5 min

By Steve GarmhausenIs it reasonable or even wise to shift some of your bond allocation to money-market funds paying over 5%? The broad bond market had its worst year ever in 2022, as reflected by the AGG—the iShares Core U.S. Bonds vs. money-market fundsSo should you really sell bonds and use the proceeds to buy these products? Bonds have also performed better historically than the “cash” category, which includes money-market funds. Money-market funds are considered a low-risk investment, and one that’s easy to sell if you need cash.

Persons: Steve Garmhausen, Bonds, Amita Desai, ”, Adrianne Yamaki, Brent Weiss, Aswath Damodaran, Weiss, you’ve, Yamaki Organizations: Aggregate, Federal Reserve, Money Market Fund, Treasury, New York University Locations: Demarest, N.J, San Francisco, Baltimore, “, New Jersey

☆ Tech stocks are likely overvalued and will run out of steam by year-end, Aswath Damodaran says
▼ + stars: | 2023-09-07 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Technology stocks are likely overvalued after massive runups, according to Aswath Damodaran. "On a pricing basis, when you've [seen] as much of a run-up as you've had, you are more likely to be overvalued than undervalued," Damodaran told CNBC's "Closing Bell" on Thursday. "You don't get a 40% run-up on companies of this size without expecting some degree of overvaluation." As recently as January, some of the bigger players in the tech sector were skewed to an undervaluation, he said. As the end of the year approaches, the trend could shift, he said, even if investor sentiment remains strong more broadly.

Persons: Aswath, you've, Damodaran, CNBC's, wasn't Organizations: New York University Stern School of Business, Apple, Microsoft, Nvidia

☆ AI's impact on revenues is based on theory at this point, says NYU's Aswath Damodaran
▼ + stars: | 2023-09-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI's impact on revenues is based on theory at this point, says NYU's Aswath DamodaranAswath Damodaran, NYU Stern School of Business professor, joins 'Closing Bell' to discuss finding overvalued equities in mega caps, quantifying the impact of AI, and the market impact of interest rates.

Persons: NYU's, Damodaran Organizations: NYU Stern School of Business

☆ Nvidia is worth $240 per share, says NYU's Aswath Damodaran
▼ + stars: | 2023-08-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia is worth $240 per share, says NYU's Aswath DamodaranAswath Damodaran, NYU Stern School of Business Professor of Finance, joins 'Closing Bell Overtime' to talk Nvidia's post-earnings rally,

Persons: NYU's, Damodaran Organizations: Nvidia, NYU Stern School of Business, Finance

☆ Equity risk premium is core to understanding long-term market returns, says NYU's Aswath Damodaran
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEquity risk premium is core to understanding long-term market returns, says NYU's Aswath DamodaranAswath Damodaran, professor of finance at NYU Stern School of Business, joins 'Squawk on the Street' to discuss why investors should pay closer attention to equity risk premiums, how equity risk premiums help gauge future market health, and more.

Persons: NYU's, Damodaran Organizations: Equity, NYU Stern School of Business

☆ The 'Dean of Valuation' warns inflation and recession risks remain - and stocks may disappoint bulls in the second half
▼ + stars: | 2023-07-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Aswath Damodaran warned of sticky inflation, recession risks, and a muted second half for stocks. The "Dean of Valuation" said curbing price growth to 2% will be tough, and the economy may falter. Stocks appear fairly valued after their stellar first-half rally, limiting further upside, he said. He also issued a muted outlook for stocks in the second half. "It is unlikely that the market will repeat its success in the second half of 2023," he said.

Persons: Aswath Damodaran, NYU Stern, Damodaran Organizations: Service, NYU, Federal Reserve Locations: Wall, Silicon

☆ Wall Street titans including David Rosenberg and Rob Arnott sound off on AI: What they told us about the disruptive technology — from how it will lead to 'permanent displacement' of jobs, to why it's
▼ + stars: | 2023-06-28 | by ( William Edwards | ) www.businessinsider.com time to read: +11 min

AI's impact on the job marketRob Arnott"Every important disruption since the start of the industrial revolution has cost millions of people jobs. Millions of jobs will be lost to those who know how to use AI. "The implications of generative AI on the labor market will be one of upheaval and one of escalating job uncertainty. Are AI stocks in a bubble? Rosenberg"Advancements in AI technology, and its knock-on effects on profitability and productivity, is a legitimate investment thesis.

Persons: David Rosenberg, Rob Arnott, Savita Subramanian, Cam Harvey, Jawad Mian, Jobs, Merrill Lynch, aren't, Rosenberg, Harvey, Arnott, Brad Cornell, Aswath, There's, that's, Savita, –, capex, Mian Organizations: Industries, Investors, Research, Rosenberg Research, North, Bank of America Securities, Duke University, Microsoft, Nvidia, Google, Tech, Software, Services, Professional Services, IT Services Locations: North American, ChatGPT, Asia, Taiwan

☆ US stocks whipsaw as the Fed pauses tightening but eyes further hikes later
▼ + stars: | 2023-06-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stocks finished mixed after a volatile session that saw big swings after the Fed meeting. Policymakers kept rates steady but indicated that two more increases could come later this year. Fed Chairman Jerome Powell also said rate cuts would be more appropriate "a couple of years out." Central bankers kept rates steady at 5%-5.25% but indicated in their "dot plot" projections that two more increases could come later this year, a more hawkish signal than what Wall Street anticipated. Meanwhile, policymakers will assess incoming data, including credit conditions that may have a role in tightening macroeconomic conditions, he added.

Persons: Stocks, Jerome Powell, —, Elon Musk's, Goldman Sachs, Wells, Ken Griffin, Bitcoin, MicroStrategy's Michael Saylor Organizations: Service, Federal, JPMorgan, Citi Locations: Wells Fargo

☆ Nvidia needs to dominate the A.I. market to justify its price point, says NYU's Aswath Damodaran
▼ + stars: | 2023-06-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia needs to dominate the A.I. market to justify its price point, says NYU's Aswath DamodaranAswath Damodaran, NYU School of Business professor, joins 'Closing Bell' to discuss Cava's IPO comeback and the multiples for big tech.

Persons: NYU's, Damodaran Organizations: Nvidia, NYU School of Business

☆ Ark Invest's flagship fund sold Nvidia before its big rally. Here's why
▼ + stars: | 2023-06-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

However, Ark Invest's flagship Ark Innovation ETF (ARKK) exited its position in Nvidia entirely in early January —before the chipmaker enjoyed a powerful rally that propelled it to a $1 trillion market capitalization. We saw this potential for deep learning and enjoyed a lot of that ride," said Frank Downing, a research director at Ark Invest. The growth of the industry and the urgent need for powerful AI hardware has led to an increase in the number of companies entering the market. Ark Invest hasn't been alone in trimming an Nvidia stake. However, despite exiting a portion of their Nvidia positions, both Ark Invest and Damodaran maintain a favorable outlook for the company.

Persons: Ark, —, We've, Frank Downing, Downing, CNBC's, we've, Aswath, University's Organizations: Tech, Nvidia, AI, Innovation, Ark Invest, ARK Autonomous Tech, Robotics, Google, Amazon, AWS, AMD, Intel, University's Stern School of Business, NYU's Stern School of Business, Ark, Damodaran Locations: New

☆ Traders are betting on a short-term reversal for chip stocks, ETF flows show
▼ + stars: | 2023-06-02 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS) was one of the top 10 ETFs for inflows over the past week, pulling in more than $400 million, according to FactSet. Meanwhile, more than $500 million were pulled out of the Direxion's Daily Semiconductor Bull 3x Shares ETF (SOXL) , the fourth-most outflows over the past week. As a result, their flows can reverse quickly and are not necessarily a good measure of long-term outlook for chip stocks. The VanEck Semiconductor ETF (SMH) , which would be better suited to long-term investors, saw inflows of less than $40 million this week, a slowdown from prior weeks. Here are the top five ETFs by inflows over the past week.

Persons: Aswath Damodaran, Russell Organizations: A.I, Nvidia, Philadelphia Semiconductor, NYU, CNBC, Daily Semiconductor, VanEck Semiconductor, Bond

☆ Blockchain provides transparent real-time inflation gauge, says Truflation's Stefan Rust
▼ + stars: | 2023-06-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlockchain provides transparent real-time inflation gauge, says Truflation's Stefan RustAswath Damodaran, professor of finance at New York University's Stern School of Business and Stefan Rust, CEO of Truflation, join 'The Exchange' to discuss the Fed's fight against inflation, using blockchain technology to measure inflation in real-time, and leading versus lagging indicators of inflation.

Persons: Truflation's Stefan Rust Aswath Damodaran, University's, Stefan Rust Organizations: University's Stern School of Business, Truflation Locations: New

☆ NYU's Damodaran says he sold half his Nvidia stake for one simple reason
▼ + stars: | 2023-06-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Aswath Damodaran sold half his stake in Nvidia after the recent share surge for one simple reason: value investing. Nvidia shares have taken a big leg up in recent days, after a jaw-dropping quarterly earnings report showed booming demand for artificial intelligence. NVDA YTD mountain Nvidia shares have soared this year on the growth in AI applications. Nvidia gave up some of its wins Wednesday, but last traded more than 5% higher Thursday. Even though Damodaran sold half his stake, the esteemed finance professor retains a positive stance on Nvidia, viewing it as an "opportunistic chipmaker" and "amazing" company.

Persons: Aswath Damodaran, CNBC's, Damodaran Organizations: Nvidia, NYU's Stern School of Business

☆ Watch CNBC's full interview with NYU's Aswath Damodaran and Truflation's Stefan Rust
▼ + stars: | 2023-06-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with NYU's Aswath Damodaran and Truflation's Stefan RustAswath Damodaran, professor of finance at New York University's Stern School of Business and Stefan Rust, CEO of Truflation, join 'The Exchange' to discuss the Fed's fight against inflation, using blockchain technology to measure inflation in real-time, and leading versus lagging indicators of inflation.

Persons: NYU's Aswath, Stefan Rust Aswath Damodaran, University's, Stefan Rust Organizations: University's Stern School of Business, Truflation Locations: New

☆ Stocks won't see sustainable rally without clarity on inflation, says NYU's Aswath Damodaran
▼ + stars: | 2023-04-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStocks won't see sustainable rally without clarity on inflation, says NYU's Aswath DamodaranAswath Damodaran, professor of finance at NYU's Stern School Of Business, and Chris Senyek, Wolfe Research chief investment strategist, joins 'The Exchange' to discuss tech companies carrying the market, disparities between old and young tech, and the macroeconomic picture.

☆ Stock futures inch down as Wall Street awaits tech earnings: Live updates
▼ + stars: | 2023-04-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Stock futures fell slightly on Sunday night as investors await a slew of corporate earnings from big tech companies, as well as fresh economic data releases. First quarter earnings for S&P 500 companies are estimated to decline an overall 5.2%, according to Refinitiv data. Wall Street is looking ahead toward mega-cap tech earnings results this week in what will mark the halfway point of earnings season. "Part of the reason why we're so focused on the economic data is we think the investor narrative is still around the Fed and interest rates. I think, to some extent, the Fed rate hike slowed down the economy.

☆ Mega-cap tech valuations are not expensive relative to the rest of the market, says NYU's Damodaran
▼ + stars: | 2023-04-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMega-cap tech valuations are not expensive relative to the rest of the market, says NYU's DamodaranAswath Damodaran, NYU Stern School of Business professor of finance, joins 'Closing Bell' to discuss whether the mega-cap stocks are too expensive, how Damodaran sees Meta's 'year of efficiency', and how to accurately judge the valuations.

☆ The Fed is a side story — inflation and the economy are the market drivers, says NYU's Damodaran
▼ + stars: | 2023-03-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is a side story — inflation and the economy are the market drivers, says NYU's DamodaranAswath Damodaran, NYU Stern school of business, joins 'Closing Bell: Overtime' to discuss macro issues in the market.

☆ India's Supreme Court sets up panel to investigate Adani allegations
▼ + stars: | 2023-03-03 | by ( Sumathi Bala | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesIndia's supreme court has set up an independent panel to investigate if there were regulatory failures related to allegations against the Adani Group , after a bombshell report from a U.S. short seller. The country's highest court directed a six member panel to probe "regulatory failure in dealing with the alleged contravention of laws pertaining to the securities market in relation to the Adani Group," a Thursday court order said. India's Supreme Court action comes slightly over a month after Hindenburg Research released a lengthy report on Jan. 24, accusing Adani Group of stock manipulation and fraud. The panel will be headed by Justice Sapre, a retired judge of the Supreme Court. Both institutions told CNBC recently that their exposure to the Adani Group was manageable.

☆ Gautam Adani will be playing defense for a while after mauling by Hindenburg
▼ + stars: | 2023-02-10 | by ( Diksha Madhok | ) edition.cnn.com time to read: +6 min

The sprawling Adani Group, which he founded over 30 years ago, has established interests in industries ranging from logistics to mining. “We view this as validation of our findings on offshore stock parking by Adani,” Hindenburg founder Nate Anderson said on Twitter. In its report, Hindenburg had alleged that “offshore shells and funds tied to the Adani Group comprise many of the largest ‘public’ holders of Adani stock.”An Adani Group spokesperson declined to comment. Meanwhile, Norway’s sovereign wealth fund, said Thursday it has “for all practical purposes…fully divested,” from the Adani companies. The loans were backed by shares in Adani Ports, Adani Green Energy and Adani Transmission.

☆ Watch CNBC's full interview with NYU's 'Dean of Valuation' Aswath Damodaran
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with NYU's 'Dean of Valuation' Aswath DamodaranAswath Damodaran of the New York University's Stern School of Business discusses the Adani crisis, and says "this is the Indian market in a nutshell, Adani is not the exception."

☆ NYU's 'Dean of Valuation' says Adani Group exploited 'weakest links' in Indian institutions
▼ + stars: | 2023-02-09 | by ( Sumathi Bala | ) www.cnbc.com time to read: +4 min

The Adani Group didn't play a "con game" but has exploited the "weakest links" in India's institutions to its advantage, according to NYU's "Dean of Valuation" Aswath Damodaran. It's not healthy for a market," Damodaran, told CNBC's "Streets Sign Asia" on Thursday. "That's why I said Adani is not about the company … this is about the weakest links in the India story. Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani (L) highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023. The Adani Group firmly denied the accusations, calling it a "calculated attack on India" and its institutions.

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