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J Studios Topline Summary and Update When I first covered Nuvalent, Inc. ( NASDAQ: NUVL ) back in September, they were riding serious momentum after some important updates at the ESMO congress. That momentum was coupled to a large cash raise that eliminates Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
NoneArtificial intelligence (AI) continues to be one of the biggest driving forces in the stock market. While chipmakers and cloud computing companies have been the biggest early beneficiaries, software companies are starting to see nice growth opportunities emerge as well. That said, the semiconductor sector is still one of the best places to find attractively valued stocks tied to AI. Let's look at two semiconductor stocks that should see AI help power their growth in December and beyond. 1. Nvidia The biggest AI winner thus far has been Nvidia ( NVDA -1.81% ) , which has grown to become the second-largest company in the world. Nvidia originally developed a new type of semiconductor chip called a graphics processing unit (GPU) to help speed up the rendering of graphics in video games and elsewhere. For a long time, this was a niche industry dominated by Nvidia and ATI (which has since been acquired by Advanced Micro Devices ). Nvidia was able to expand the use of GPUs to other industries with the help of its CUDA software platform, which allowed the chips to be programmed to more efficiently handle tasks. This led to more developers learning to program GPUs using CUDA, which led to the developers purchasing Nvidia GPUs to do their work on, creating a virtuous circle and helping create the wide moat the company sees today. The use of GPUs in cryptocurrency mining became a growth driver for the company back in 2016-2017, but it was the use of GPUs for training large language models (LLMs) and AI inference in beginning in 2021-2022 that led to astronomical growth for Nvidia. Today, Nvidia's GPUs have become the backbone of the AI infrastructure buildout, and through the wide moat it gained with CUDA, it now holds an approximate 90% market share. Nvidia's CEO says the current demand for its chips is "insane," as the world's top tech companies race to become AI leaders. The biggest risk to the stock is if demand slows. However, Nvidia's largest customers have by and large expressed plans to continue ramping up AI infrastructure spending to take advantage of what many view as a once-in-a-generation opportunity. Also working in Nvidia's favor is that in order to improve their AI models, these companies need exponentially more computing power, and thus more GPUs, to train their models on. Despite its huge gains in the past few years, the stock trades at an attractive valuation. It has a forward price-to-earnings (P/E) ratio of about 33 based on 2025 analyst estimates, and a price/earnings-to-growth ( PEG ) ratio of approximately 1. A PEG ratio under 1 is usually considered undervalued, but growth stocks will often command PEG ratios well above 1. NVDA PE Ratio (Forward 1y) data by YCharts. All this makes Nvidia an attractive option to consider buying this month as we head into 2025. 2. Taiwan Semiconductor Manufacturing While Nvidia has become the dominant player in the GPU market, Taiwan Semiconductor Manufacturing ( TSM -0.63% ) , or TSMC for short, has become the leading player in the contract semiconductor manufacturing space. The company is a close partner with Nvidia and the primary manufacturer of its GPUs. Apple , meanwhile, is its largest customer, and the iPhone maker regularly buys out all of the capacity of TSMC's advanced nodes when TSMC moves to newer advanced chip manufacturing technology. TSMC thus has two big AI growth opportunities in front of it. The biggest remains making chips to meet the huge demand for AI chips coming from the AI infrastructure buildout. TSMC will continue to benefit from Nvidia's success, but it will also benefit from any companies looking to get in on this space as well. A number of companies have started to design custom AI chips through Broadcom and Marvell to meet specific needs, while Arm Holdings and Softbank have been rumored to be looking for manufacturing capacity to make their own AI chips. In addition to AI chips for data centers, TSMC would also benefit from any increased demand coming from an end device hardware upgrade cycle. Newer smartphones and PCs are generally needed to run the latest AI offerings, so any increased demand for smartphones or computers would benefit the company. Apple is pushing its new AI features with Apple Intelligence, which is expected to boost iPhone 16 sales, while Microsoft has been advancing its AI Copilot, which could help with an enterprise PC upgrade cycle. To meet growing demand, TSMC continues to invest in adding more capacity while also continuing to push technology innovation and shrinking node sizes. Smaller nodes allow for better chip performance and power consumption, while also increasing the number of chips that can fit on a wafer. TSMC has also displayed strong pricing power over the past few years, and it is set to raise prices once again in 2025. According to Morgan Stanley , the company will increase prices by 10% for CoWoS (chip on wafer on substrate), 6% for high-performance computing, and 3% for smartphones. Notably, CoWoS is a packaging technology used for high-performance chips, such as Nvidia's GPUs. Like Nvidia, TSMC trades at an attractive valuation, with a forward P/E under 23 based on analysts' 2025 estimates and a PEG of 1.2. TSM PE Ratio (Forward 1y) data by YCharts. Given the opportunity still in front of TSMC, it looks like a solid stock to buy in December ahead of what should be a strong 2025 for the company.WASHINGTON (AP) — A ninth U.S. telecoms firm has been confirmed to have been hacked as part of a that gave officials in access to private texts and phone conversations of an unknown number of Americans, a top White House official said Friday. Biden administration officials said , as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, the deputy national security adviser for cyber and emerging technologies, told reporters Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. The update from Neuberger is the latest development in a massive hacking operation that has alarmed national security officials, exposed cybersecurity vulnerabilities in the private sector and laid bare China’s hacking sophistication. The hackers compromised the networks of telecommunications companies to obtain customer call records and gain access to the private communications of “a limited number of individuals.” Though the FBI has not publicly identified any of the victims, officials believe senior U.S. government officials and prominent political figures are among those whose whose communications were accessed. Neuberger said officials did not yet have a precise sense how many Americans overall were affected by Salt Typhoon, in part because the Chinese were careful about their techniques, but a “large number” were in the Washington-Virginia area. Officials believe the goal of the hackers was to identify who owned the phones and, if they were “government targets of interest,” spy on their texts and phone calls, she said. The FBI said most of the people targeted by the hackers are “primarily involved in government or political activity.” Neuberger said the episode highlighted the need for required cybersecurity practices in the telecommunications industry, something the Federal Communications Commission is to take up at a meeting next month. “We know that voluntary cyber security practices are inadequate to protect against China, Russia and Iran hacking of our critical infrastructure,” she said. The Chinese government has denied responsibility for the hacking.
The large mysterious drones reported flying over parts of New Jersey in recent weeks appear to avoid detection by traditional methods such as helicopter and radio, according to a state lawmaker briefed Wednesday by the Department of Homeland Security. In a post on the social media platform X, Assemblywoman Dawn Fantasia described the drones as up to 6 feet in diameter and sometimes traveling with their lights switched off. The Morris County Republican was among several state and local lawmakers who met with state police and Homeland Security officials to discuss the spate of sightings that range from the New York City area through New Jersey and westward into parts of Pennsylvania, including over Philadelphia. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. Get the latest need-to-know information delivered to your inbox as it happens. Our flagship newsletter. Get our front page stories each morning as well as the latest updates each afternoon during the week + more in-depth weekend editions on Saturdays & Sundays.MoHT Union Minister meets Chair of Exploring Myanmar Culture & Tourism Organization‘I can’t believe it’: Homeless no more for Hayden and his dogs
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