What We Know About a Hong Kong TCM Stock That Spiked 82,000%
In this week's Hong Kong Edition, we break down what we know about a TCM company and its dizzying stock surge, take a look at the HKMA's dollar defense and check in with Bloomberg's Mishal Husain. We also review a buzzy new Thai restaurant by the team behind Trattoria Felino.
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Jim Cramer Calls Marvell's Recent Sell Rating 'Ridiculous'
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 11 stocks Jim Cramer put under the microscope recently. When a caller highlighted that the stock has received a Sell rating, Cramer commented: 'On Marvell Technology, they have a Sell?… That's just ridiculous. Marvell's an excellent company, and they won a lot of business for some of the hyperscalers. I don't know. That's crazy. Matt Murphy is doing a remarkable job. The stock is starting to act right… So, by the way, I'm leaving a twofer, is AMD. So I think… you're on the right track owning Marvell, and that brokerage firm should rethink their negativity.' An assembly line in a semiconductor factory, with workers at their stations. Marvell Technology (NASDAQ:MRVL) supplies semiconductor solutions for data infrastructure, with a focus on system-on-a-chip designs that incorporate analog, mixed-signal, and digital processing. The company provides Ethernet components, processors, custom semiconductors, interconnect and storage technologies, and high-speed data transfer devices. Hardman Johnston Large Cap Equity Strategy stated the following regarding Marvell Technology, Inc. (NASDAQ:MRVL) in its Q1 2025 investor letter: 'The portfolio's off-benchmark position in Marvell Technology, Inc. (NASDAQ:MRVL) contributed negatively with a return of -44.2%. Shares of Marvell came under pressure during the release and subsequent realization of the innovations of the DeepSeek's R1 model. DeepSeek is a Chinese AI competitor to ChatGPT and other large language models ('LLMs') that claimed to operate at significantly lower cost. This pressured the entire AI compute and networking supply chain, and, while impressive, we believe the immediate selloff was an overreaction. The compute requirements for reasoning models like R1 should drive greater hardware demand and lower cost, as more accessible AI models should drive up adoption. This pressure was exacerbated by Marvell's FY4Q results and FY1Q guidance that fell short of exuberant buyside expectations, as Amazon Web Services ramped its Trainium2 custom processor.' While we acknowledge the potential of MRVL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Forbes
an hour ago
- Forbes
Cyngn Stock: Should You Buy The Nvidia Hype?
Cyngn (NASDAQ:CYN) stock has surged over 300% in just two trading days after AI chip titan Nvidia named the company in a blog post as one of a select group of robotics innovators using its Isaac robotics platform to build autonomous industrial vehicles. Cyngn specializes in autonomous vehicle technology tailored for industrial and logistics applications. Isaac is Nvidia's robotics platform that combines AI models for perception, reasoning, and control, serving as an open foundation model for robotic skills and decision-making. Cyngn's flagship product, DriveMod, retrofits existing industrial vehicles such as forklifts, turning them into autonomous machines. The announcement from Nvidia comes ahead of Automatica 2025, a major global automation and robotics event where Cyngn is set to showcase its latest technologies. Cyngn's vehicles, which integrate Nvidia's Isaac platform with its own DriveMod software, are already operating in live commercial environments, catering to customers in logistics, manufacturing, and automotive sectors. Although these tools could play an increasing role in streamlining operations and reducing labor costs, investors should be cautious when it comes to Cyngn's stock. But, if you are looking for an upside with a smoother ride than an individual stock, consider the High Quality portfolio, which has outperformed the S&P, and clocked >91% returns since inception. JINHUA, CHINA - OCTOBER 25: Automated robotic arms work on the assembly line of new energy vehicles ... More at a factory of Chinese EV startup Leapmotor on October 25, 2023 in Jinhua, Zhejiang Province of China. (Photo by Hu Xiaofei/VCG via Getty Images) VCG via Getty Images Cyngn Is Still A Risky Bet Cyngn is still in the early stages of commercialization, with Q1 revenue of a mere $47,200, despite strong growth from a small base. Revenue volatility remains a concern. Over the past year, sales actually declined by 34.1%, falling from $0.6 million to $0.4 million, while the broader S&P 500 saw average revenue growth of 5.5%. Cyngn also posted a net loss of $7.6 million in Q1, reflecting continued heavy investment in R&D and scaling up its operations. The company recently announced a $15 million direct offering at $5.01 per share, providing additional capital but also diluting existing shareholders. With a high cash burn rate, Cyngn may need to raise more funds in the future. Valuation is also stretched. Cyngn trades at a price-to-sales (P/S) ratio of 43.5, compared to 3.1 for the S&P 500. It's also worth noting that the recent rally was sparked largely by Nvidia's mention, not an exclusive partnership or contract. Cyngn is one of more than ten companies featured in Nvidia's blog post, and likely just one of many that will leverage Isaac moving forward. With limited revenue, significant losses, and a recent share issuance, the rally appears driven more by speculation, rather than business fundamentals. (Related: QuantumScape: 40x Upside For QS Stock?) While you would do well to be cautious about CYN stock for now, you could explore the Trefis Reinforced Value (RV) Portfolio, which has outperformed its all-cap stocks benchmark (combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to produce strong returns for investors. Why is that? The quarterly rebalanced mix of large-, mid- and small-cap RV Portfolio stocks provided a responsive way to make the most of upbeat market conditions while limiting losses when markets head south, as detailed in RV Portfolio performance metrics
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Can Nvidia Stock Hit $250 in 2025?
Artificial intelligence (AI) darling Nvidia (NVDA) is once again making waves, this time by reclaiming its title as the world's most valuable company. The chipmaker, which has been at the heart of the AI boom and a go-to name for Big Tech's most advanced computing needs, saw NVDA stock hit a fresh record high on June 25. The surge came after Loop Capital analyst Ananda Baruah described Nvidia as poised to ride a 'Golden Wave' of AI. NVDA stock closed up by more than 4% in a single day, pushing its market capitalization just ahead of Microsoft (MSFT). Apart from bullish analyst commentary, what really caught investors' attention was Loop's aggressive price target hike from $175 to $250. With enthusiasm running high, can Nvidia continue to soar and actually hit that lofty target in 2025? Dear Nvidia Stock Fans, Watch This Event Today Closely A $2 Billion Reason to Sell Super Micro Computer Stock Now 3 ETFs Offering Juicy Dividend Yields of 15% or Higher Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Nvidia needs no introduction. It's the name behind the AI boom and the muscle behind everything from gaming and data centers to self-driving cars. With its cutting-edge chips powering the next wave of tech innovation, the company has firmly cemented its place at the center of the digital revolution. While it has faced some turbulence in 2025 — ranging from U.S.-China trade tensions to concerns over slowing AI spend and rising competition — Nvidia still remains a key player in the AI race. Although Loop Capital's Street-high price target has certainly fueled excitement, there's a broader wave of optimism driving the rally. Investors appear increasingly confident that China's export restrictions won't derail Nvidia's leadership in the AI space, especially as global demand for advanced computing continues to soar. Adding to the bullish tone, CEO Jensen Huang struck an ambitious note at Nvidia's annual shareholder meeting on Wednesday, describing AI and robotics as a 'multitrillion-dollar growth opportunity.' The comments come at a time when governments around the world are ramping up investments in sovereign AI capabilities to tackle critical national priorities. With momentum building across both private and public sectors, Nvidia's long-term growth story remains as compelling as ever. Now commanding a staggering $3.76 trillion market cap, Nvidia has stormed back into the spotlight, fueled by bullish analyst calls, a bold growth outlook from leadership, and global demand for AI solutions. Nvidia surged to a new 52-week high of $156.72 on June 26. With a 15% gain in 2025 so far, the stock is easily outpacing the broader S&P 500 Index's ($SPX) 4.4% return year-to-date (YTD). The chipmaker's fiscal 2026 first-quarter earnings, posted on May 28, didn't disappoint, crushing expectations on both revenue and profit. Nvidia reported a massive 69% year-over-year (YOY) increase in revenue, reaching $44.1 billion and surpassing the $43.3 billion estimate. As usual, it was the data center segment that stole the show, continuing to drive Nvidia's role at the heart of the AI revolution. Nvidia's data center business demonstrated a stunning 73% YOY jump to $39.1 billion, making up a commanding 88% of total revenue. The gaming segment also impressed, climbing 42% to $3.8 billion on strong demand for high-performance chips. Even the automotive and robotics unit got in on the action, racing ahead by 72% YOY to $567 million. Nvidia ran into a regulatory hurdle in the quarter when the U.S. slapped fresh restrictions on its previously approved H20 chip for China. The fallout wasn't small. The company took a $4.5 billion hit for excess inventory and missed out on an estimated $2.5 billion in sales. That dragged its adjusted gross margin down to 61%, although without the impact that would have come in at a much stronger 71.3%. On the bottom line, Nvidia delivered adjusted earnings of $0.81 per share, up 33% from last year and beating expectations by 8%. Without the H20 chip charge, earnings would have jumped to $0.96 per share. Still, investors seemed pleased, sending NVDA stock up 3.3% on May 29. Looking ahead, Nvidia is guiding for $45 billion in revenue for Q2 of fiscal 2026, give or take 2%. That figure already bakes in an estimated $8 billion hit from the latest export restrictions on its H20 chips. On the profitability side, Nvidia expects GAAP and non-GAAP gross margins to be 71.8% and 72%, with a 50-basis-point cushion in either direction. Despite recent headwinds, the company isn't backing down. It's still setting its sights on gross margins climbing into the mid-70% range by year-end. Fueling Nvidia's latest surge, Loop Capital cranked up its price target from $175 to a Street-high $250, reaffirming its 'Buy' rating. Analyst Ananda Baruah didn't hold back in his bullish outlook, remarking that we're entering the next 'Golden Wave' of generative AI adoption, with Nvidia positioned right at the forefront. According to Baruah, demand for Nvidia's high-end AI chips is ramping up even faster than expected, setting the stage for another powerful leg of growth. Overall, Nvidia continues to enjoy unwavering support on Wall Street, where the consensus remains a resounding 'Strong Buy.' Of the 44 analysts offering recommendations, 37 give NVDA stock a 'Strong Buy" rating, three suggest a 'Moderate Buy,' three offer a 'Hold,' and one analyst advocates for a 'Strong Sell" rating. The average analyst price target of $174.84 indicates 13% potential upside from current price levels. However, Loop Capital's street-high price target of $250 suggests the stock can rally as much as 61%. With solid fundamentals, soaring AI demand, and strong backing from Wall Street, Nvidia's climb to $250 in 2025 may be bold, but it is looking increasingly achievable. On the date of publication, Anushka Mukherji did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
