Latest news with #ThomasMartin
Time of India
5 days ago
- Business
- Time of India
Nvidia's $1 trillion rally has traders primed to ramp back up
Nvidia gained 0.9% on Tuesday and has surged over 45% since its April low, boosting its market value to $3.4 trillion, just behind Microsoft, the world's most valuable company. Nvidia shares are still 7% below their January record high. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Nvidia shares have staged a $1 trillion rebound in two months — and investors are betting the rally has further to go as fears about the chipmaker give way to week's earnings report assuaged some key investor concerns: particularly whether US restrictions on the sales of advanced semiconductors in China would derail Nvidia's rapid revenue growth as well as the outlook for artificial intelligence spending , and the firm's ability to expand supply of its newest Blackwell chips.'Those questions have been answered in the positive for Nvidia,' said Thomas Martin, senior portfolio manager at Globalt Investments. 'It's time to ramp back up your ownership.'After soaring for two and a half years amid insatiable demand for its chips used in AI computing, Nvidia shares tumbled in the first few months of 2025 on concerns about President Donald Trump's trade policies and a potential pullback in spending by its biggest rose 0.9% on Tuesday, and since an April low, the stock has rallied more than 45%, pushing Nvidia's market value to $3.4 trillion. That's just shy of Microsoft the world's most valuable company. Nvidia shares remain 7% below a record high in the big advance, Nvidia trades at roughly 29 times profits projected over the next 12 months, well below the average over the past decade at 34 times. By contrast, the Nasdaq 100 is priced at 26 times despite Wall Street estimates calling for revenue growth this year that's a fraction of Nvidia's. The stock's PEG ratio — a measure of valuation relative to growth — is under 0.9, by far the lowest among the Magnificent Seven, which also includes Apple Inc., Inc., Alphabet Inc., Tesla Inc. and Meta Platforms course, Nvidia is still exposed to US tariffs given its chips are manufactured overseas and could be hurt by a deterioration in trade relations with China, a country that accounted for 13% of revenue in the first quarter. However, purchase agreements with governments in the Middle East are seen as offsetting some lost sales and Nvidia's product pipeline is expected to keep competitors at Meta, Alphabet, and Amazon, which together comprise more than 40% of Nvidia's revenue, continue to invest aggressively in AI infrastructure. Capital expenditures for the four companies are projected to reach roughly $330 billion in 2026, up 6% from estimated spending this year, according to the average of analyst estimates compiled by Bloomberg. Amazon's cloud services chief on Friday reiterated the company's plan to aggressively expand its data centers.'We just haven't seen any kind of slowdown in AI spending, and so long as capex keeps moving up, we're unlikely to see the cycle roll over or Nvidia experience much compression to its multiple,' said Samuel Rines, a macro strategist at is undervalued, according to Rines, who argues the ratio of price-to-projected earnings for the stock could rise to the high 30s or low are widely bullish on Nvidia. Of the 78 covering the stock, eight have hold ratings and only one says sell. The average price target sits at around $170, which would represent a gain of 24% from Monday's closing price, according to data compiled by Why Is Nvidia the King of AI Chips, and Can It Last?Despite its popularity on Wall Street, the stock remains under-owned by market professionals relative to other Big Tech peers, suggesting the potential for more buying in the weeks to come. Nvidia is owned by 74% of long-only funds, according to data from Bank of America published on Friday. This puts it behind Amazon, Apple, and Microsoft, which is the most owned at 91%.The relatively low exposure coupled with demand for more computing infrastructure is likely to drive Nvidia shares higher into 2026, according to Angelo Zino, senior equity analyst at CFRA Research.'There were a lot of investors that really got out of this market prematurely and now they're kind of being forced back into it,' Zino said.
Yahoo
6 days ago
- Business
- Yahoo
Nvidia's $1 Trillion Rally Has Traders Primed to Ramp Back Up
(Bloomberg) -- Nvidia Corp. shares have staged a $1 trillion rebound in two months — and investors are betting the rally has further to go as fears about the firm give way to optimism. Where the Wild Children's Museums Are Billionaire Steve Cohen Wants NY to Expand Taxpayer-Backed Ferry The Economic Benefits of Paying Workers to Move At London's New Design Museum, Visitors Get Hands-On Access LA City Council Passes Budget That Trims Police, Fire Spending Last week's earnings report assuaged some key investor concerns: particularly whether US restrictions on the sales of advanced semiconductors in China would derail Nvidia's rapid revenue growth as well as the outlook for artificial intelligence spending, and the firm's ability to expand supply of its newest Blackwell chips. 'Those questions have been answered in the positive for Nvidia,' said Thomas Martin, senior portfolio manager at Globalt Investments. 'It's time to ramp back up your ownership.' After soaring for two and a half years amid insatiable demand for its chips used in AI computing, Nvidia shares tumbled in the first few months of 2025 on concerns about President Donald Trump's trade policies and a potential pullback in spending by its biggest customers. Since an April low, however, the stock has rallied more than 45%, pushing Nvidia's market value to $3.4 trillion. That's just shy of Microsoft Corp., the world's most valuable company. Nvidia shares remain 8% below a record high in January. Despite the big advance, Nvidia trades at roughly 29 times profits projected over the next 12 months, well below the average over the past decade at 34 times. By contrast, the Nasdaq 100 is priced at 26 times despite Wall Street estimates calling for revenue growth this year that's a fraction of Nvidia's. The stock's PEG ratio — a measure of valuation relative to growth — is under 0.9, by far the lowest among the Magnificent Seven, which also includes Apple Inc., Inc., Alphabet Inc., Tesla Inc. and Meta Platforms Inc. Of course, Nvidia is still exposed to US tariffs given its chips are manufactured overseas and could be hurt by a deterioration in trade relations with China, a country that accounted for 13% of revenue in the first quarter. However, purchase agreements with governments in the Middle East are seen as offsetting some lost sales and Nvidia's product pipeline is expected to keep competitors at bay. Microsoft, Meta, Alphabet, and Amazon, which together comprise more than 40% of Nvidia's revenue, continue to invest aggressively in AI infrastructure. Capital expenditures for the four companies are projected to reach roughly $330 billion in 2026, up 6% from estimated spending this year, according to the average of analyst estimates compiled by Bloomberg. Amazon's cloud services chief on Friday reiterated the company's plan to aggressively expand its data centers. 'We just haven't seen any kind of slowdown in AI spending, and so long as capex keeps moving up, we're unlikely to see the cycle roll over or Nvidia experience much compression to its multiple,' said Samuel Rines, a macro strategist at WisdomTree. Nvidia is undervalued, according to Rines, who argues the ratio of price-to-projected earnings for the stock could rise to the high 30s or low 40s. Analysts are widely bullish on Nvidia. Of the 78 covering the stock, eight have hold ratings and only one says sell. The average price target sits at around $170, which would represent a gain of 24% from Monday's closing price, according to data compiled by Bloomberg. Explainer: Why Is Nvidia the King of AI Chips, and Can It Last? Despite its popularity on Wall Street, the stock remains under-owned by market professionals relative to other Big Tech peers, suggesting the potential for more buying in the weeks to come. Nvidia is owned by 74% of long-only funds, according to data from Bank of America published on Friday. This puts it behind Amazon, Apple, and Microsoft, which is the most owned at 91%. The relatively low exposure coupled with demand for more computing infrastructure is likely to drive Nvidia shares higher into 2026, according to Angelo Zino, senior equity analyst at CFRA Research. 'There were a lot of investors that really got out of this market prematurely and now they're kind of being forced back into it,' Zino said. Tech Chart of the Day Microsoft has roared back in recent weeks cementing its position as the world's most valuable company. Shares of the Windows software maker are also inching toward an all-time high as the stock extends gains since the company reported stronger-than-expected sales and profit growth in the fiscal third quarter. Top Tech Stories Taiwan Semiconductor Manufacturing Co. Chief Executive Officer C. C. Wei blamed worsening traffic snarls for slight delays in expanding its base in southwest Japan, highlighting some of the snags in Tokyo's signature chipmaking project. Microsoft Corp. cut hundreds more jobs just weeks after its largest layoff in years, underscoring the tech industry's efforts to trim costs even as it plows billions of dollars into artificial intelligence. Uber Technologies Inc. named longtime executive Andrew Macdonald as its first chief operating officer since 2019, part of an executive shake-up that includes the departure of the company's top delivery leader. Elon Musk is selling $5 billion in debt for his artificial intelligence startup, xAI Corp., the latest in a series of fundraising efforts across his business empire as the billionaire pivots away from politics and returns to running his various companies. Walt Disney Co. is laying off several hundred employees across its film and TV businesses, cuts that underscore the entertainment industry's contraction is far from over. Earnings Due Tuesday Earnings Postmarket: Crowdstrike Holdings Inc. (CRWD US) Guidewire Software Inc. (GWRE US) Hewlett Packard Enterprise Co. (HPE US) Yext Inc. (YEXT US) --With assistance from Subrat Patnaik. YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To Will Small Business Owners Knock Down Trump's Mighty Tariffs? ©2025 Bloomberg L.P. 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CNBC
27-05-2025
- Business
- CNBC
Applovin and Vertiv are my two top tech picks, says Globalt's Thomas Martin
Thomas Martin, Globalt Investments, joins 'Power Lunch' to discuss Martin's thoughts on stocks to look for in today's equity environment.
Yahoo
11-03-2025
- Business
- Yahoo
Ispire Technology Inc. Unveils Sprout™: The Future of All-in-One Vape Technology
Ultra-Pure, Ultra-Compact, and Engineered for the Ultimate Vaping Experience in Partnership with Raw Garden LOS ANGELES, March 11, 2025 /PRNewswire/ -- Ispire Technology Inc. (Nasdaq: ISPR), a global leader in vape technology and precision dosing, announced it is setting a new benchmark in the cannabis vape industry with the launch of the Sprout™, an advanced all-in-one cannabis vapor device designed for purity, performance, and safety. Developed through a partnership with Raw Garden, Sprout™ is specifically designed to optimize the nuances and intricacies of sophisticated cannabis oil while eliminating common industry flaws like plastic degradation, clogged airflow and inconsistent heating—ensuring an experience as clean as the plant itself. Initially launching with Raw Garden, the Sprout™ technology is available to cannabis operators across the is engineered with PA12, a terpene-safe material that withstands heat and preserves cannabis purity. Unlike conventional vapes, PA12 ensures a clean and untainted vaping experience. This innovation aligns with Ispire's commitment to raising industry standards, prioritizing material safety, and putting consumer well-being first. The year-long collaboration between Ispire and Raw Garden reflects a shared commitment to innovation and consumer safety. By co-developing the Sprout™, both companies ensured that every component was meticulously engineered to maximize the integrity of the cannabis experience. "Raw Garden has always been about delivering the purest expression of the plant, and this collaboration with Ispire takes that commitment to the next level," said Michael Wang, co-CEO of Ispire. "By integrating Raw Garden's extracts with Ispire's cutting-edge hardware, we're providing consumers with a vaporizer that maximizes flavor and efficiency like never before." Key Features of Sprout™: Terpene-Safe Construction – Built with PA12, the all-in-one cannabis vape elevates the consumer experience by mitigating the impact of heat and preserving terpenes in oils from across the cannabis spectrum. Anti-Clog Overflow Chamber – Keeps airflow smooth, preventing blockages and wasted hits. Three Heat Modes – Low (2.0V), Medium (2.3V), and High (2.6V) for a customizable vaping experience. USB-C Rechargeable – No oil left behind; ensures full use of every drop. Compact and Discreet – Pocket-sized design (1.5" x 2.25") for easy portability. Dual Formulations – Available in Black Label™ Live Sauce for maximum flavor and Green Label™ Refined Live Resin for high potency. "We're thrilled to partner with Ispire. Their expertise in cutting-edge technology aligns perfectly with our shared commitment to doing right by consumers and driving meaningful innovation in this industry. Together, we're shaping the future with forward-thinking solutions," said Thomas Martin, CEO of Raw Garden."Purity in cannabis doesn't stop at the oil—it extends to everything you use to consume it," added Michael Wang. "With Sprout™, Ispire aims to redefine vape quality across the industry, and we invite other brands to adopt safer materials and improved technology, reinforcing a commitment to consumer-first innovation."Sprout™ will be available at and at select dispensaries in California, starting March 7, 2025 for more details, visit Ispire Technology is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. The Company's operating subsidiaries own or license more than 400 patents worldwide. Ispire's branded e-cigarette products are marketed under the Aspire name and are sold worldwide (except in the U.S., People's Republic of China and Russia) primarily through its global distribution network. The Company also engages in original design manufacture (ODM) relationships with e-cigarette brands and retailers worldwide. The Company's cannabis products are marketed under the Ispire brand name primarily on an ODM basis to other cannabis vapor companies. Ispire sells its cannabis vaping hardware in the US, Europe and South Africa and it recently commenced marketing activities and customer engagement in Canada and Latin America. For more information, visit or follow Ispire on Instagram, LinkedIn, Twitter and YouTube. About Raw Garden:Raw Garden has been the leading producer of clean cannabis in California for over fifteen years. Raw Garden products are made from 100% single source Cannabis flower – no additives, harsh chemicals, or artificial flavors - grown outdoors in sunny Central California. The company uses entirely organically-based and Clean Green-certified farming techniques and ECCO certified practices and upholds the highest standards of transparency with all lab results freely available at Forward Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act") as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "would," "could," "seek," "intend," "plan," "goal," "project," "estimate," "anticipate," "strategy," "future," "likely" or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company's strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company's actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: the Company's ability to collect its accounts receivable in a timely manner, the Company's business strategies, the ability of the Company to market to the Ispire ONE™, Ispire ONE's success if meeting its goals, the ability of its customers to derive the anticipated benefits of the Ispire ONE™ and the success of their products on the markets; the Ispire ONE™ proving to be safe, and the risk and uncertainties described in "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Cautionary Note on Forward-Looking Statements" and the additional risk described in Ispire's Annual Report on Form 10-K for the year ended June 30, 2023 and any subsequent filings which Ispire makes with the U.S. Securities and Exchange Commission. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in the press release relate only to events or information as of the date on which the statements are made in the press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by law. You should read this press release with the understanding that our actual future results may be materially different from what we expect. IR Contacts:For more information, kindly contact:Investor RelationsSherry Zheng718.213.7386ir@ KCSA Strategic CommunicationPhil Carlson212.896.1233ispire@ PR Contact:Ellen Mellody570.209.2947EMellody@ View original content: SOURCE Ispire Technology Inc. Sign in to access your portfolio
Yahoo
06-03-2025
- Business
- Yahoo
Raw Garden Introduces Sprout™ Vape, Pioneering Terpene-Safe Plastic for Cannabis Hardware
California's leading cannabis extract company finds a cleaner alternative to commonly used plastic for vape hardware after testing reveals potential health risks SANTA BARBARA, Calif., March 06, 2025 (GLOBE NEWSWIRE) -- Raw Garden, California's leader in clean cannabis for over a decade, has developed a Terpene-Safe solution for the all-new Sprout™ all-in-one cannabis vape. This breakthrough underscores Raw Garden's unwavering commitment to safety, quality, and sustainability while setting a new industry standard for safer vaping materials. Sprout™ is the latest addition to Raw Garden's lineup of clean, single-source cannabis products, which includes concentrates, infused pre-rolls, and vapes. When Raw Garden's in-house testing revealed potential health risks from the interaction between their terpene-rich cannabis oils and PCTG — a plastic commonly used in vape hardware — they set out to find a safer alternative. Working with their manufacturing partner Ispire Technology, Inc. (NASDAQ: ISPR) they identified PA12, a durable, terpene-safe plastic that resists heat and prolonged exposure to cannabis oils without having already produced 300,000 units, the two companies boldly decided to discard over $1 million in inventory rather than compromise consumer safety. 'We thoroughly test all our products above what is required, and our heat testing showed that PCTG plastic became cloudy and corroded when exposed to our cannabis oils and heat. We felt it was highly likely that this degradation could lead to plastic particles being inhaled,' said Thomas Martin, CEO of Raw Garden. 'The risk to our customers was too high, so we delayed the launch of Sprout until we found a safer solution.' Beyond ensuring Spout's safety, Raw Garden is sharing its findings industry-wide. To promote safer vape technology, the company has opted not to patent this innovation, allowing other brands to adopt this safer material freely. They are also working with Ispire to create a consortium to work on vape safety through innovation. With this initiative, Raw Garden is not just improving its own products but pioneering a movement toward greater safety and transparency in the cannabis vaping industry. About the Sprout™ Vape Raw Garden's new Sprout™ vape is produced in small batches using hand-selected cannabis, ensuring each release meets the highest standards for flavor, quality, and purity. Made with 100% single-source cannabis—with no additives, fillers, or artificial flavors—every strain retains its natural terpenes, aromas, and cannabinoids, delivering a full-spectrum, true-to-plant experience. Designed for convenience and portability, Sprout™ measures just 1.5' x 2.25', making it compact enough to fit in any pocket or palm. It also features an anti-clog design with an overflow chamber that pulls excess oil and vapor away from the mouthpiece, preventing buildup and blocked pulls. The chamber is made from terpene-safe PA12 plastic. Sprout™ is available in two of Raw Garden's industry-leading formulations: Live Sauce – For the full plant experience. Refined Live Resin – For maximum THC potency Sprout™ also offers three heat modes, fine-tuned by the Raw Garden team for optimal flavor and potency: Low (2V): Peak flavor Medium (2.3V): Balanced flavor and potency High (2.6V): Strongest hit—ideal for experienced users Sprout™ will be available at select California retailers starting March 8th. Raw Garden products can be found in over 800 retail locations throughout the state. About Raw GardenRaw Garden has been the leading producer of clean cannabis in California for over fifteen years. Its products are made from 100% single-source cannabis flower—no additives, harsh chemicals, or artificial flavors—grown outdoors in sunny Central California. The company uses entirely organic, Clean Green-certified farming techniques and ECCO-certified practices and upholds the highest standards of transparency. All lab results are freely available at In 2024, Raw Garden became a co-founding member of ECCO, an independent organization that provides third-party testing and certification for compliance with safety, quality, and environmental standards. By earning ECCO certification, brands and retailers demonstrate their commitment to consumer safety, product excellence, and environmental responsibility. Since 2015, Raw Garden has been Clean Green Certified, the world's leading cannabis certification. Since cannabis isn't federally recognized as an agricultural crop, this certification is the closest equivalent to organic standards. About Ispire Technology is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. The Company's operating subsidiaries own or license more than 400 patents worldwide. Ispire's branded e-cigarette products are marketed under the Aspire name and are sold worldwide (except in the U.S., People's Republic of China and Russia) primarily through its global distribution network. The Company also engages in original design manufacture (ODM) relationships with e-cigarette brands and retailers worldwide. The Company's cannabis products are marketed under the Ispire brand name primarily on an ODM basis to other cannabis vapor companies. Ispire sells its cannabis vaping hardware in the US, Europe and South Africa and it recently commenced marketing activities and customer engagement in Canada and Latin America. For more information, visit or follow Ispire on Instagram, LinkedIn, Twitter and YouTube. A photo accompanying this announcement is available at A video accompanying this announcement is available at CONTACT: Media Contact: Raw Garden PR pr@ in to access your portfolio
