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Yahoo
28 minutes ago
- Yahoo
Raymond James Starts Ares Management (ARES) Coverage, Highlights Strong Fee-Based Model
Ares Management Corporation (NYSE:ARES) ranks among the . On July 28, Raymond James began coverage of Ares Management Corporation (NYSE:ARES) with a Market Perform rating. While the firm highlighted Ares' robust direct lending position and growth prospects as advantages, it also pointed out that there were no immediate catalysts for the stock. According to Raymond James, Ares Management Corporation (NYSE:ARES) is reasonably valued at its current price-to-earnings multiple of 32x next-twelve months, which is higher than the 20x anticipated P/E average for the alternative asset management industry in 2026. The firm claims that Ares' purely fee-based business model, which has little balance sheet exposure and a better growth trajectory than its peers, justifies the premium valuation. Raymond James emphasized Ares' guidance for fee-related earnings through 2028, which are expected to improve at a compound annual growth rate of 16–20%. As the company deploys about $81.5 billion in committed assets that do not currently generate fees, additional margin gains are projected. Ares Management Corporation (NYSE:ARES) is an alternative asset management with operations in Asia, Europe, and the United States. The company is divided into different divisions, including the Real Estate Group, the Private Equity Group, the Direct Lending Group, and the Tradable Credit Group. While we acknowledge the potential of ARES 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 More: and Disclosure: None.
Yahoo
28 minutes ago
- Yahoo
NVIDIA (NVDA) Strikes $2.36B AI Data Center Deal With Malaysia's YTL Power
NVIDIA Corporation (NASDAQ:NVDA) ranks among the . On July 29, NVIDIA Corporation (NASDAQ:NVDA) and YTL Power International Bhd have inked a strategic collaboration deal worth RM10 billion ($2.36 billion) to use NVIDIA's high-performance graphics processing units to build AI data centers. According to Investment, Trade, and Industry Minister Tengju Zafrul, the agreement also calls for the creation of a sovereign large language model for Malaysia. Additionally, NVIDIA Corporation (NASDAQ:NVDA) and YTL will reportedly work with suppliers, local contractors, and technology partners to develop an AI ecosystem for the country. Prior to this arrangement, YTL and NVIDIA Corporation (NASDAQ:NVDA) announced plans to invest $4.3 billion in supercomputer and cloud infrastructure for artificial intelligence in Malaysia back in December 2023. NVIDIA Corporation (NASDAQ:NVDA), a world leader in networking and graphics processing, provides GPUs for the AI, gaming, HPC, and other industries. The company's products span data centers, gaming, professional visualization, and the automotive markets. While we acknowledge the potential of NVDA 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 More: and Disclosure: None. 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
an hour ago
- Yahoo
Crypto startups raise $2.6bn in July: Here are the winners
Crypto startups are rolling in it. In July, 65 crypto projects raised over $2.6 billion in new investments to grow their businesses, according to DefiLlama. That brings the total amount raised by industry players to $13 billion so far this year, up from the $9.5 billion raised in total in 2024. Pitchbook expects crypto startups to double that figure to $18 billion in 2025. Here are the three crypto projects that raised the most money in July. $590 million raised $590 million in an initial coin offering at the beginning of July to, as it boldly proclaimed, 'kill Facebook, TikTok, and Twitch' by transforming itself into a new type of social media platform. At a glance, the controversial memecoin generator token sale seems a grand success. ICO sold out in just 12 minutes, capping off one of the fastest and largest raises in recent crypto memory. However, the project sold 2 billion fewer tokens than it had originally planned. The project had previously said 150 billion PUMP tokens, out of a 330 billion total ICO allocation, would be offered to the public at $0.004 each. That implied a $600 million raise. But the live dashboard confirms just 148 billion tokens were sold, pulling in $590 million — about 98% of the originally stated public allocation. The sale came in the same month as the platform is struggling with plummeting revenue amid a memecoin slump and an increasingly crowded market. And those traditional social media platforms? Meta, the parent company of Facebook and Instagram, saw its stock price surge 11% this week, giving it a market cap of just under $2 trillion, about half of the entire cryptocurrency market. OSL Group, $300 million Hong Kong-based OSL Group said it has secured $300 million in equity financing. 'The funding will accelerate our global buildout — particularly in regulated payment infrastructure and access points,' Ivan Wong, CFO at OSL Group, said in a statement. Upexi, $200 million Upexi, a Solana treasury company, announced a $200 million deal led by Big Brain Holdings at the beginning of July. The deal took the form of a convertible note offering, and the proceeds will be used to buy more Solana, the company said. Upexi is part of a wave of crypto treasury companies that have cropped up over the past year. While the bulk of them copy Michael Saylor's Bitcoin-buying strategy, many are also allocating resources to buying altcoins. You're reading the latest installment of The Weekly Raise, our column covering fundraising deals across the crypto and DeFi spaces, powered by DefiLlama. Eric Johansson is DL News' interim managing editor. Got a tip? Email at eric@
