HK's Best-Known Activist Investor Webb Addresses a Packed House
Members of Hong Kong's financial community crowded into the Foreign Correspondents' Club on Monday to hear the city's most famous activist investor David Webb speak at what was labelled a 'Farewell Fireside Chat.'
Demand was so high the FCC extended the lunch event to all three restaurants in its historic clubhouse in the heart of the city, with at least 230 people attending. Webb announced in February he had months left to live after battling pancreatic cancer.
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Yahoo
32 minutes ago
- Yahoo
Prediction: This Artificial Intelligence (AI) Stock Could Hit a $6 Trillion Valuation by 2030
Nvidia is currently the world's largest company by market cap. The semiconductor giant still has a lot of room for growth, considering the potential investment in artificial intelligence (AI) infrastructure over the next five years. Nvidia has additional catalysts coming into play that could allow it to sustain terrific growth and hit a $6 trillion valuation in the future. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) is the most valuable company in the world as of this writing, with a market cap of $3.4 trillion, and it has reached this position thanks to a tremendous rally of more than 1,500% in its stock price in the past five years. Investors will now be wondering if Nvidia has the potential to deliver more upside over the next five years following this phenomenal run. However, don't be surprised to see this semiconductor giant's shares jump higher and attain a $6 trillion valuation by the end of the decade. Let's take a closer look at the factors that could help Nvidia hit that milestone by 2030. Robust demand for Nvidia's AI chips has been the biggest reason behind the stock's terrific surge in recent years. The good part is that Nvidia continues to generate a massive amount of revenue from its AI chip business despite tackling headwinds such as export restrictions to key markets like China. This was evident from Nvidia's latest results for the first quarter of fiscal 2026 (which ended on April 27). The company's revenue shot up 69% year over year to $44.1 billion during the quarter, even though it lost $2.5 billion in revenue in fiscal Q1, owing to the restrictions on sales of its chips to China. The chipmaker also incurred a $4.5 billion inventory charge to write down the value of chips that were intended for the Chinese market. Moreover, Nvidia's fiscal Q2 revenue would take an $8 billion hit on account of the China-related restrictions. But the good part is that the company's guidance for the current quarter still calls for a 50% year-over-year increase in revenue, while its earnings are expected to increase by 44% despite anticipated loss in Chinese revenue. CEO Jensen Huang admitted on Nvidia's latest earnings conference call that the $50 billion Chinese market is now effectively closed to U.S. players such as Nvidia. Even then, analysts have increased their revenue estimates. That's not surprising, as Nvidia still has a massive sales opportunity in AI chips beyond the Chinese market. It is now entering new markets such as Saudi Arabia to build AI factories "powered by several hundred thousand of Nvidia's most advanced GPUs over the next five years," according to the company. Additionally, massive AI infrastructure projects such as Stargate, from which Nvidia has started benefiting already, could help it mitigate the lost opportunity in China. Management consulting firm McKinsey & Company predicts that AI-capable data centers could require investments worth a whopping $5.2 trillion by 2030 to build enough computing power to handle training and inference workloads. So investors would do well to look past the China-related problems that Nvidia is currently facing, as the broader opportunity in the AI data center market should be lucrative enough to help the chipmaker keep growing at a healthy pace for the next five years. Moreover, Nvidia is showing no signs of losing its grip over the AI chip market. Its data center revenue shot up an impressive 73% year over year to $39 billion in the previous quarter. That was miles ahead of Broadcom's $4 billion AI revenue and AMD's $3.7 billion data center sales in the previous quarter, the two chipmakers that are considered to be the closest to Nvidia in the AI chip race. Nvidia's data center growth was higher than the 57% growth recorded by AMD in this segment and close to the 77% growth in Broadcom's AI revenue, even though it has a much larger revenue base. This is a testament to just how popular Nvidia's AI chips are, with the company's latest generation of Blackwell processors already a major hit among cloud computing giants within two quarters of hitting the market. Even better, Nvidia has moved past just selling AI hardware. It also offers access to models that help customers train and deploy AI agents, along with other enterprise AI applications that allow customers to improve the efficiency of their large language models (LLMs). Its enterprise platforms are gaining traction in diverse industries such as cybersecurity and restaurants where companies are deploying Nvidia's solutions to streamline their operations or to build agentic AI applications. All this indicates that investors shouldn't miss the forest for the trees, as Nvidia's long-term prospects aren't dependent on just China. There is still a lot of room for growth in the AI chip market, and the company's diversification into other areas such as enterprise AI applications and automotive should be enough to power remarkable growth over the next five years. Nvidia is currently trading at 23 times sales. While that's three times the U.S. technology sector's average price-to-sales ratio, the company's dominant position in AI chips, the prospects of this market, and the other catalysts that are coming into play help justify that valuation. We have already seen in the chart that Nvidia's top line is expected to jump to $292 billion in three years. If it maintains its sales multiple at that time, it will be able to easily surpass a $6 trillion valuation in just three years, representing a big jump from current levels. However, if we assume Nvidia's top-line growth slows after fiscal 2028 to an annual rate of 15% in fiscal 2029 and 2030 from the 31% compound annual growth rate that it is forecast to clock between fiscal 2026 and 2028 (using fiscal 2025 revenue of $130.5 billion as the base), its annual revenue could jump to $386 billion after five years. If Nvidia trades at a discounted 15 times sales at that time, it could still hit a $6 trillion valuation by 2030. So, investors can still consider buying this AI stock in anticipation of more upside in the long run, as it seems capable of maintaining its healthy growth rate over the next five years. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy. Prediction: This Artificial Intelligence (AI) Stock Could Hit a $6 Trillion Valuation by 2030 was originally published by The Motley Fool 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
Bloomberg
32 minutes ago
- Bloomberg
Summers and Ferguson on a New US-China 'Cold War'
Former Treasury Secretary Lawrence H. Summers and Hoover Institution's Niall Ferguson see the United States' current relationship with China from two different sides. Ferguson states that the US and China have a 'symbiotic but not symmetrical relationship,' and Summers believes they have a 'hostile codependence.' But, they both agree that the tax and spending bill will not do much to give the US the upper hand. (Source: Bloomberg)
TechCrunch
an hour ago
- TechCrunch
Week in Review: Why Anthropic cut access to Windsurf
Welcome back to Week in Review! Got lots for you today, including why Windsurf lost access to Claude, ChatGPT's new features, WWDC 2025, Elon Musk's fight with Donald Trump, and lots more. Have a great weekend! Duh: During an interview at TC Sessions: AI 2025, Anthropic's co-founder had a perfectly reasonable explanation for why the company cut access to Windsurf: 'I think it would be odd for us to be selling Claude to OpenAI,' Chief Science Officer Jared Kaplan said, referring to rumors and reports that OpenAI, its largest competitor, is acquiring the AI coding assistant. Seems like a good reason to me! Everything is the same: Chinese lab DeepSeek released an updated version of its R1 reasoning AI model last week that performs well on a number of math and coding benchmarks. Now some AI researchers are speculating that at least some of the source data it trained on came from Google's Gemini family of AI. WWDC 2025: Apple's annual developers conference starts Monday. Beyond a newly designed operating system, here's what we're expecting to see at this year's event, including a dedicated gaming app and updates to Mac, Watch, TV, and more. This is TechCrunch's Week in Review, where we recap the week's biggest news. Want this delivered as a newsletter to your inbox every Saturday? Sign up here. News Image Credits:Thomas Fuller / SOPA Images / LightRocket / Getty Images Business in the front: ChatGPT is getting new features for business users, including connectors for Dropbox, Box, SharePoint, OneDrive, and Google Drive. This would let ChatGPT look for information across your own services to answer questions. Oh no: Indian grocery delivery startup KiranaPro was hacked, and all of its data was wiped. According to the company, it has 55,000 customers, with 30,000 to 35,000 active buyers across 50 cities, who collectively place 2,000 orders daily. Techcrunch event Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW Artsy people, rejoice! Photoshop is now coming to Android, so users of Google's operating system can gussy up their images, too. The app has a similar set of editing tools as the desktop version, including layering and masking. Let's try that again: Tesla filed new trademark applications for 'Tesla Robotaxi' after previous attempts to trademark the terms 'Robotaxi' and 'Cybercab' failed. Rolling in dough: Tech startup Anduril just picked up a $1 billion investment as part of a new $2.5 billion raise led by Founders Fund, which means Anduril has doubled its valuation to $30.5 billion. On the road again: When Toma's founders realized car dealerships were drowning in missed calls, they hit the road to see the problem firsthand. That summer road trip turned into a $17 million a16z-backed fundraise that helped Toma get its AI phone agents into more than 100 dealerships across the U.S. Fighting season: All gloves were off on Thursday as Elon Musk and President Trump took to their respective social networks to throw jabs at each other. Though it might be exciting to watch rich men squabble in public, the fallout between the world's richest person and a sitting U.S. president promises to have broader implications for the tech industry. Analysis Image Credits:BlackJack3D / Getty Images Money talks: Whether you use AI as a friend, a therapist, or even a girlfriend, chatbots are trained to keep you talking. For Big Tech companies, it's never been more competitive to attract users to their chatbot platforms — and keep them there.
