Latest news with #TimUrbanowicz
Yahoo
20 hours ago
- Business
- Yahoo
TSMC's upcoming earnings: Chipmaker's position in the AI race
Taiwan Semiconductor Manufacturing Company (TSM) is set to release its official earnings results for the second quarter on Thursday. The chipmaker has already reported second quarter revenue of $31.9 billion. Yahoo Finance Tech Editor Dan Howley joins Market Catalysts with Julie Hyman and Innovator Capital Management chief investment strategist Tim Urbanowicz to outline what investors need to know. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. One of the big earnings reports to watch this week, Taiwan Semiconductor due out on Thursday. Yahoo Finance senior tech editor, Dan Howley joins us now for this. And we already got revenue numbers for the second quarter that topped estimates, Dan. So, what are we looking for for earnings? Yeah, $32 billion in revenue for the quarter, up 39% roughly, uh, year-over-year. I think what we want to get, uh, more in-depth on is obviously the sales numbers themselves, uh, as well as what chips are doing, uh, well and which are, you know, not performing as well. Uh, the high-end chips from, uh, you know, the 3 nanometer, uh, on, you know, around that area, those are the, the super high-end chips. Those are what you're going to see going to the likes of Nvidia or, or Apple. Uh, we want to see where, uh, though if those are performing the best. And, you know, we're not going to get a breakdown as to, you know, which company saw the, the most revenue or generated the most revenue for, uh, TSMC. But, yeah, obviously the, the big takeaway from it is likely going to be that AI is powering the, the majority of sales at this point. Uh, it'll be interesting to see what smartphone sales do though, because we've been hearing kind of, you know, inklings of, you know, kind of slow down in the market, or, or, you know, not necessarily the, the, the growth that people were hoping for when it came to AI smartphones. Uh, so it'll be interesting to see what, what we can get from there. And Tim Urbanowitz of Innovator ETFs is still with us. So Tim, when you're thinking about your semi exposure, tech exposure more broadly, AI exposure, what do you guys, um, how are you guys thinking about that strategically? Well, Julie, we, we see it as a, a mega trend. We also see that trade is, is somewhat insulated from a lot of the macro headwinds there. And I think that goes back to what we talked about earlier, uh, with just being inelastic demand, uh, very strong margins and pricing power. So we, we really like this trade. We think at least over the next six months, the infrastructure trade as a whole is still going to be in place. And then that trade we think will shift more towards those, those AI enabled revenues, okay? And companies that are actually implementing AI, which right now, those numbers are still relatively small in terms of US companies that are actually integrating it, uh, into their, their day-to-day business and benefiting from that. But we think that trend is going to change, uh, toward the end of the year, but, you know, still an area that we, we like in the portfolio. We want, um, and, and the inflation conversation that we talked about earlier, we think it also, because of that pricing power, really is a nice way to insulate portfolios, um, from some of those macro headwinds. And Dan, just quickly, you know, Taiwan semi usually does this kind of thing separately, but I'm curious if we will get any update on some of their manufacturing plans for the US. Probably not, honestly. Uh, you know, I think really they've kind of laid out what they're doing for the US, uh, so far. Uh, you know, they've committed to be, uh, to expanding some of their, their operations. It's all part of, you know, their kind of, uh, push to build more in the US that other companies are doing, uh, on the back of not just, uh, President Trump's, uh, you know, overall, uh, kind of push to get manufacturing here, but the, the Chips Act as well. They, they're a recipient of some of the Chips Act money. Uh, and so I, I think they're, they're pretty set there. I think what one of the, the interesting things, uh, to look for is if there was any pull in or, or pull forward, uh, of any revenue, uh, compared to, uh, the, the coming quarters just based on tariff conversation things along those lines. You know, we saw some of that in the PC market, maybe in the smartphone market as well. Uh, will that have an impact, or did it have an impact? That, that's I think that's something, uh, to see. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
How bitcoin ETFs could ease concerns for crypto-wary investors
Bitcoin (BTC-USD) hit a record high early Monday on July 14, briefly topping $120,000 before settling just under $121,000 as interest in crypto investing grows. Tim Urbanowicz, chief investment strategist at Innovator Capital Management, joins Market Catalysts to break down how his crypto ETF aims to give investors bitcoin exposure with downside protection. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. cryptocurrency flying past 120,000. Now it's hovering just under 121. So, there's a lot of increasing number of ways for investors to invest in crypto. Let's talk about some of them. Tim Urbanowitz is still with me. Innovator capital management, chief investment strategist, and as it happens, you guys have, um, a, um, an ETF, at least one ETF that it offers exposure to Bitcoin, right? We do, Julie. And you know, you look at this whole conversation we talked about the fis fiscal picture. Obviously, that is making the the Bitcoin conversation even more relevant to our advisors as a store of value. But we take a step back and you look at this pocket of capital, the advisors that are advised that are talking to their clients about, how do you own Bitcoin, institutions that are talking about how do you get Bitcoin in their portfolio, and their critiques historically have been, well, it doesn't, it doesn't generate income and it's too volatile. A lot of the developments that you have seen in the ETF market are helping to address those. And we think are really going to help open up this, this additional pocket of capital for crypto investing. Um, so, you know, one strategy that that we offer QBF, what this strategy is designed to do is give you uncapped upside up to a 74% participation rate, while also limiting your losses to 20% over three months. So we look at something like that, really good way for advisors to have that conversation with their clients, knowing that you do have that floor against losses, really a way, a good way to take down the volatility overall. So I'm I'm really curious about this product, right? Because, um, I've been doing this long enough that if something sounds too good to be true, probably is. I'm just curious how do you cap that downside when it comes to something like Bitcoin that's so volatile? Well, so we use options. So we do the whole defined outcome industry landscape's all built on options. We're taking different payoffs that have available in the structured note world for decades, bringing them into the ETF. So for advisors, it gives them the ability to work it into their model portfolios, different client accounts, very simply, very easily without the need to go paperwork across a hundred different accounts. So we're really excited when you think about these type of payoffs, not just on equities which have exploded the category's now at 70 billion and just defined outcome ETFs in the US, which again didn't exist pre 2018, to bring that to an asset class like Bitcoin, I think is critical because again, so many advisors are trying to figure out, our clients are asking us about this. How do we get it into our portfolio without making sure if we go through another crypto winter, we're not blowing them up even with just a two, three, four, 5% allocation. What's the fee on a product like that look like? Uh, 79 basis points. And that's pretty typical for, uh, you know, the defined outcome landscape innovators lineup. We launch a lot of those strategies at 79, which, if you look at this in the context of, you know, cheap beta ETFs, it looks expensive, but compared to the structured note world, you know, you're cutting costs down significantly relative to what advisors used to have access to.
Yahoo
a day ago
- Automotive
- Yahoo
Tesla latest: Elon Musk wants shareholders to invest in xAI
Tesla (TSLA) CEO Elon Musk says Tesla shareholders will vote on investing in his artificial intelligence (AI) startup xAI ( Musk also clarified that he doesn't support a merger of the two companies. Yahoo Finance Senior Autos Reporter Pras Subramanian sits down with Julie Hyman and Innovator Capital Management chief investment strategist Tim Urbanowicz to discuss the latest on Musk and Tesla. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. Elon Musk says Tesla shareholders will vote on whether or not to invest in XAI, saying on social media, if it was his decision, Tesla would have invested long ago in his startup, but he does not support a merger between the two companies. Joining me now, Yahoo Finance senior reporter, Pras Subramanian. Timmer Banovich, still with us, Innovator Capital Management chief investment strategist, Pras. Um, it's not too often, so I shouldn't say that. Musk does ask people's opinions sometimes about various things, but not necessarily when it comes to Tesla and sort of the direction and different decisions that are being made there. Yeah, I I guess I mean doing a research really I remember last year he actually asked with whether Tesla should invest in XAI. Oh and what did people say then? Well, I think he kind of knows what he knows doesn't want them to do it. And so that's maybe I don't know. It's almost like he knows what they're going to say on Tesla. He knows they're going to agree with him. It's like, should we invest in XAI, you know? And then, and then they say, yes, of course. But so I mean, this was in response to a to a user asking, it's not it's unfair that Tesla investors can't take part in XAI XAI investment, right, as as retail investors. And this comes after the weekend we're looking at where SpaceX invested $2 billion into I'm sorry, a good amount of money into into XAI. SpaceX being another Musk company. So it's this whole Musconomy thing. They invest in one another, they get bought up by one another. Solar City is a very big prime example of that. And it all sort of the Musconomy working together in that regard. And then you could say, well, hey, is is is is there a conflict here? Is is Musk conflicted because he owns more of XAI than he does Tesla, et cetera, et cetera. So that always that talk there. But, you know, he's talked about how I'm not going to I don't prefer that there's a full merger. Some analysts think that that is the next the next phase is potentially there would be a full merger of XAI with with Tesla, but he's saying no, I don't want that to happen. Just from what what exactly does XAI do at this point? Is it just Grok that they have? Grok, I mean, we we read the chatbot the chatbot Grok with now Tesla integration with the cars, right? So it's I mean, it's it's it's probably both an AGI type play but also a supercomputing play, right? So that sort of makes sense that there be a Tesla a lot of overlap there Tesla, I imagine. And and actually, someone, my producer is just telling me that there's now a report now that XAI has launched Grok for government, that they have a contract with the US Department of Defense. Um, so that's the latest. Not, not that anybody said anything about conflict of interest anywhere, but, um, he doesn't work in the government anymore, so um, but yeah, so that's, I guess, part of, part of the business as well. Tim, um, as somebody who has Tesla in the various portfolios, is is this a good thing for investors? Is it agnostic? Like, what do you think? It's a it's a good question. And um, you know, I think overall we look at Tesla. It's very hard for us to figure out that valuation. The 155 times earnings, I mean, we keep going back to that. Shareholders have not seemed to care for the last several years, so they may not start caring anytime soon. I think they have a great product. I own the product. It's a phenomenal product. But as an investment, yeah, I I I struggle to see, you know, really how they get that monetization going. And and and if you look at the trends, Julie, I don't think, you know, the EV trends are necessarily favorable. They're they're not heading in the right direction. I think there's still a lot of headwinds to to get over. Um, you look at the the charging networks, you know, there there's a lot of limitations and even the inconvenience of having to go to those charging stations, spend 30 minutes to charge up your vehicle. You know, I I don't know that necessarily the broader adoption that everybody thought there was going to be with this whole EV revolution is going to be happening as quickly as once thought. But of course, that's not why people buy Tesla the stock for the most part, right? They buy it for the robots and the robo taxis and the AI. I mean, you know, Musk has even said that. So I guess the question is, if it does become more concretely an AI play and not AI in the future of taxis, but XAI that actually does it today, does that change the the sort of way that you think about it, invest in it? Well, I think that's absolutely the way investors are thinking about it right now. I think the struggle is trying to figure out what does that end market actually look like in terms of the revenue that is going to be able to be generated across the board. And what does Tesla's market share look like? And and that's that is a big question mark. So we take a step back, you look at what is being priced in right now, could Tesla deliver? Absolutely. But at that valuation, there's a lot of risk that they have to start delivering on a lot of these things. And what we typically see with anything Musk or Tesla related, those things tend to take a little bit longer than originally advertised. Right. Right. Um, I I didn't realize he'd asked about that investment a year ago. So speaking of taking time. Well, I forgot about that as well. But but I will say this about about XAI is that Bloomberg reported that the company burned through like a billion dollars a month or something insane like that, right? So I could see how a Tesla investment or even Tesla merger could help in terms of defray some of those costs, use each other's assets in a more efficient manner. So maybe there is a benefit to that. But you know, we're all sort of speculating at this point. We are. Grok just got added to Tesla, didn't it somehow? Yeah, yeah, yeah, yeah. After it's other controversies. Yeah. We'll leave that for another time.
Yahoo
a day ago
- Business
- Yahoo
What investors need to know about Trump's Mexico, EU threats
President Trump threatened a 30% tariff on some goods from Mexico and the EU. In the video above, Yahoo Finance Washington Correspondent Ben Werschkul and Innovator Capital Management chief investment strategist Tim Urbanowicz discuss the news and what it means for markets. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. Ben, let's start with you. Tell us the latest here with some of these new numbers being thrown out there. For sure. Yeah. I think a good rule of thumb maybe for investors is that when a deadline is still a few weeks away, that's kind of one of the peak headline risk times. And so, I think we're seeing a lot of that. That's a lot of what's going on here in all this back and forth over the weekend and this morning. Um, and we're seeing it from both sides. And this obviously comes after Trump's surprise announcement of 30% tariffs on the European Union even as negotiators continue to talk. It's worth noting also that other comments this morning from Europeans, from the European trade commissioner, this came in a bunch of comments to reporters were more optimistic that talks are going to continue. And he said, quote, he sensed there's, they are approaching, quote, a good outcome for both sides. So there is still, that, that sort of points to me to the overall landscape here with Europe, which is that there is the parameters of a deal. They're getting closer. They clearly came up short last week ending with this 30% this 30% letter. But there's still a sense of progress there and just sort of refocused on an August 1st deadline. From the White House side, we're kind of seeing a similar dynamic. We're seeing kind of a bluster from Trump. His, his comment this morning was that, um, more broadly was that nations should sort of be happy, um, with with with with his letters coming out and should be sort of acknowledge that they ripped off the US. I, I'm pretty skeptical that any country's going to take that too seriously, but we're seeing a lot of signs from Trump's aides that this is essentially a negotiating ploy. Um, Kevin Hassett was telling reporters this morning at the White House that yes, negotiations are going to keep going with Europe, with Canada, with Mexico, which are two other major recipients of these kind of surprise letters we've seen in the last couple days. Um, and Tim, I want to bring you into this. Is this why we're not seeing markets react more because again, you know, participants are not necessarily taking it seriously that these are actually going to go into effect. Well, Julie, I think investors need to take the president serious on this. Uh, yes, there will be negotiations. We think those negotiations are going to take a lot longer, uh, than is currently priced in right now. They're not going to be easy, but at the end of the day, the destination is higher tariffs and I don't think investors have digested that yet. The destination is higher tariffs. You look at what the president wants to accomplish with these tariffs. He wants to close those trade deficits, okay? That's big. The only way you possibly do that is to weaken the dollar. So that, that, that's, that's a big component of this. We need to be paying attention to that and he wants to bring manufacturing back to the US. How do you do that? You have to make the cost of producing goods overseas more expensive. So for investors, there's a lot of implications. All signs on our front point to higher inflation. Um, Ben, and I want to bring you back into this because to the point that Tim was just making, I was looking at some of the latest numbers from the Budget Lab at Yale University, which I know all of us have been tracking because they, they are sort of keeping track of the tariffs and the effect. They said the effective US tariff rate under President Trump has risen to 16.6% from 2.5%. And if all of these tariffs he's now talked about going to effect, it would be 20.6% on August 1st. You just heard what, what Tim was saying here. What, you know, and it is interesting just try and read between the lines as to what all the advisors are saying, but, you know, what's the sort of takeaway as to how realistic it is? Yeah, I mean, I think the, the takeaway, Tim, I think Tim is exactly right that there's reason to be skeptical of these top level lines, but I also think the, the end is here is, is a, is a higher tariff level. So somewhere between those two budget lab numbers is probably where this ends up on August 2nd, once, once these are in effect. The sort of taco trade idea that Trump always back chickens out is true to a certain extent, but he does, he does follow through on some of his promises. So say he, say he, say he backs away on Canada for a little bit, but goes forward on Mexico. There's all these different factors here, but I do think it's right that the bottom line here is that tariffs are, are rising to some extent. The question is how much as Trump is supremely focused, as Tim also mentioned, on this revenue question. He really wants, the president really wants revenues to be a huge component of the budget, of the budget going forward. It's growing at incredible paces. It's still got a long ways to go, and he'd have to raise tariffs a lot more to, to accomplish those goals. 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
Yahoo
23-06-2025
- Automotive
- Yahoo
How successful was Tesla's robotaxi launch?
Tesla (TSLA) stock is trading higher after the electric vehicle (EV) pioneer's robotaxi launch event in Austin on Sunday. Yahoo Finance Executive Editor Brian Sozzi and Yahoo Finance anchor Julie Hyman chat with Washington Crossing Advisors senior portfolio manager Chad Morganlander and Innovator ETFs chief investment strategist Tim Urbanowicz about the event and what it means for Tesla investors. To watch more expert insights and analysis on the latest market action, check out more Opening Bid here. 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
