Latest news with #Cantor
Yahoo
8 hours ago
- Automotive
- Yahoo
Piper Sandler: Is Tesla the only U.S. automaker with a plan to bypass China?
-- Tesla appears to be the only U.S. automaker seriously pursuing battery independence from China, according to Piper Sandler. 'Thanks to vertical integration, Tesla (NASDAQ:TSLA) is the only car company that is trying to source batteries, at scale, without relying on China,' the firm said in a note following a call with battery expert Jordan Giesige. For its in-house 4680 batteries, 'China reliance is already approaching 0%,' Piper Sandler noted. While full independence remains years away, the firm emphasized that 'at least Tesla has a plan.' The company is reportedly working to refine its own lithium, produce cathode active materials (CAM), coat its own electrodes, and assemble batteries entirely in-house. 'No other U.S. entity can make similar claims,' argues Piper Sandler. One major focus is Tesla's dry battery electrode (DBE) process, which Piper Sandler said 'is 5x–6x faster than coating anodes or cathodes with a wet process.' If scalable, they believe it could deliver 'material' capital and operating cost savings. The process may start scaling by year-end, though Piper said Giesige highlighted that this remains uncertain. Tesla is also making progress on domestic iron-based (LFP) battery production. Piper Sandler said Giesige pointed out that the company is likely trying to commission '~10GWh of domestic LFP capacity,' which could eventually cover 25% of the 40GWh required for Megapack production in the U.S. Ultimately, even if Tesla's novel refining methods fail, the firm argues that the company wouldn't be disadvantaged relative to competitors, because no one else is trying. 'Success isn't assured, and in the next 2+ years, there's no way to insulate the U.S. supply chain from China... but at least Tesla has a plan,' concluded Piper Sandler. Related articles Piper Sandler: Is Tesla the only U.S. automaker with a plan to bypass China? German auto industry risks production halts over Chinese rare earth export restric Cantor starts coverage on software sector; names Klaviyo, Hubspot, Q2 top picks 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
8 hours ago
- Business
- Yahoo
Cantor starts coverage on software sector; names Klaviyo, Hubspot, Q2 top picks
-- Cantor Fitzgerald starts coverage on the application software sector, with AI a major catalyst that is set to fuel long-term growth across the group. Customer-facing platforms were highlighted as early leaders, with Cantor naming Hubspot, Klaviyo (NYSE:KVYO) and Q2 Holdings (NYSE:QTWO) among its top picks. Analysts assigned an Overweight rating and $775 price target to Hubspot, implying 31% upside. Klaviyo also received an Overweight and a $48 price target, implying 41% upside. Q2 Holdings was rated Overweight with a $110 target, or 26% upside. The brokerage said AI is transitioning software beyond traditional per-seat tools into systems increasingly centered on outcomes and usage-based pricing. This shift is unlocking productivity gains across key business functions such as development, sales, HR, finance, and supply chain. Cantor said vendors that effectively drive user adoption and workflow automation will benefit from "data gravity," reinforcing their competitive positions. It is particularly bullish on companies that are already leveraging AI to boost usage, expand capabilities, and monetize without adding friction. Cantor noted that while valuations have rebounded since the early April lows, with the IGV software index up 29% since April 8, they remain only slightly above historical averages. The firm sees room for further upside, arguing that AI is a more powerful and sustainable driver than pandemic-era remote work trends. 'We have a generally bullish outlook for Software at the current juncture,' analysts at Cantor said citing improving free cash flow, profitability, and more realistic growth expectations as further support for upside in software stocks. Related articles Cantor starts coverage on software sector; names Klaviyo, Hubspot, Q2 top picks German auto industry risks production halts over Chinese rare earth export restric BofA survey shows softer software spending outlook, AI focus shifts 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
5 days ago
- Business
- Yahoo
Wall Street Giant Cantor Fitzgerald to Launch Gold-Backed Bitcoin Fund
Wall Street investment bank Cantor Fitzgerald Asset Management said it plans to launch a new fund that blends bitcoin BTC gains with a fallback anchored to gold. The Cantor Fitzgerald Gold Protected Bitcoin Fund, which the firm said will be its first BTC-focused investment vehicle, is structured to provide investors uncapped exposure to bitcoin's price rise while offering one-to-one downside protection based on the price of gold, according to the firm's Thursday press release. The fund is expected to open for investors in the next few weeks, and will run for five years, the firm said. "There are still people on the Earth that are still scared of bitcoin, and we want to bring them into this ecosystem," Brandon Lutnick, chairman of Cantor Fitzgerald, said on stage at the Bitcoin 2025 conference in Las Vegas. "I think it's going to be one of the great products of the Earth." The move shows the investment giant is venturing deeper into bitcoin-related products as digital assets are becoming increasingly part of traditional markets. Earlier this week, Cantor said it opened its bitcoin lending business with first financing provided to crypto lender Maple and digital asset prime brokerage 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
Business Wire
5 days ago
- Business
- Business Wire
Cantor's Bitcoin Financing Business Fully Operational; Executes Initial Trades Throughout May
DARIEN, Conn.--(BUSINESS WIRE)-- Cantor, a premier investment bank, today announced its Bitcoin Financing Business has successfully executed its first transactions. The business, which expects to make available up to $2 billion of financing in its initial phase, provides leverage to institutional investors who hold Bitcoin, bringing scale, structure, and sophistication to the digital asset industry. 'Early on, Cantor recognized the transformative impact digital asset financial services would have on the global economy,' said Brandon Lutnick, Chairman of Cantor Fitzgerald. 'This achievement highlights how the combination of Cantor's deep expertise and entrepreneurial spirit creates a distinct advantage on Wall Street and further solidifies our position as a leading investment bank for crypto and digital asset clients." 'These transactions mark a milestone for Cantor and the traditional finance industry, and demonstrate how innovative institutional expertise can unlock capital and deliver sophisticated financing solutions for institutional Bitcoin investors,' said Christian Wall, Co-Chief Executive Office and Global Head of Fixed Income at Cantor. 'Institutions holding Bitcoin are looking to broaden their access to diverse funding sources, and we are excited to support their liquidity needs to help them drive long term growth and success.' Cantor's Bitcoin Financing Business was built to meet rigorous security, transparency, and reliability standards. Cantor partnered with digital asset custodians, Anchorage Digital and to safeguard client assets with their proven security architecture. Notes to editors This announcement is for general information purposes only and is not investment advice or a recommendation or solicitation to buy, sell, stake or hold any digital or crypto asset or to engage in any specific trading strategy. There may be geographic and other limitations on availability. About Cantor Fitzgerald, L.P. Cantor Fitzgerald, with approximately 14,000 employees, is a leading global financial services and real estate services holding company and a proven and resilient leader for more than 79 years. Its diverse group of global companies provides a wide range of products and services, including investment banking, asset and investment management, capital markets, prime services, research, digital assets, data, financial and commodities brokerage, trade execution, clearing, settlement, advisory, financial technology, custodial, commercial real estate advisory and servicing, and more. About Cantor Cantor, a premier global investment bank, is a part of the Cantor Fitzgerald group of companies. Founded in 1945, Cantor delivers unparalleled sector expertise, innovative products, and tailored solutions across a broad range of financial services, including investment banking, capital markets, fixed income and equities sales and trading, prime services, research, and asset management. Headquartered in New York, the firm has more than 60 office locations worldwide. For more information, please visit
Yahoo
6 days ago
- Business
- Yahoo
Why an Investment Bank Remains Bullish on Microsoft (MSFT)
Investment bank Cantor Fitzgerald remained upbeat on Microsoft Corporation (NASDAQ:MSFT) in a recent note to investors, highlighting what it sees as the tech giant's significant progress in AI. Cantor kept a $512 price target and an Overweight rating on the name. Cantor believes that the tech giant will soon be seen as a leader in agentic AI, based on products within the latter sector that it recently unveiled. For example, the investment bank was pleased by the tech giant's introduction of multiple agents to its M365 Copilot and Copilot Studio products. Meanwhile, Azure, MSFT's cloud-infrastructure unit, is producing AI apps, agents, and management tools, Cantor reported. Microsoft Corporation (NASDAQ:MSFT)'s launch of a coding agent and its introduction of new large-language models were also greeted enthusiastically by Cantor. MSFT's AI tools are expected to help developers, the investment bank added. While we acknowledge the potential of MSFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MSFT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
