Core Insights - Pinterest, Inc. (PINS) shares have declined 14.7% over the past year, underperforming the Internet - Software sector's growth of 4.5% and the S&P 500 [1] - The company has outperformed Snap Inc. (SNAP), whose shares fell 35.3%, but underperformed Meta Platforms, Inc. (META), which saw a 7.8% increase [2] Financial Performance - In Q3, total costs and expenses rose to $990.6 million from $904.3 million year-over-year, with research and development expenses increasing to $371.3 million from $326.7 million [5] - Earnings estimates for PINS have declined by 10% for 2025 to $1.62 and by 10.48% for 2026 to $1.88 over the past 60 days [10] Competitive Landscape - Pinterest faces significant competition from social media platforms like META, Reddit, and SNAP, with Instagram being a primary competitor due to its strong e-commerce integration [3] - Smaller companies such as Allrecipes, Houzz, and Tastemade also pose competition by offering engaging content and commerce opportunities [3] Operating Challenges - The company is experiencing rising operating expenses due to heavy investments in AI product development and user engagement initiatives [4] - Global ad pricing has dropped 24% year-over-year, impacting overall ad revenue and monetization, particularly in newer international markets [7][9] Market Conditions - Macroeconomic challenges, including tariff-related uncertainties and consumer spending cycles, are affecting ad spending and net sales growth in the U.S. and Canada [8] - The reliance on retail and shopping ads is a concern, as several large U.S. retailers are facing margin pressures [15] Valuation Metrics - From a valuation perspective, Pinterest appears relatively cheaper compared to the industry, with a price/sales ratio of 3.83, lower than the industry average of 4.94 and the stock's mean of 5.04 [11]

Group 1 - Wedbush has lowered Pinterest's target price from $34 to $30, indicating a decrease in expected performance [1] - The rating for Pinterest has been downgraded from "Outperform" to "Neutral," reflecting a more cautious outlook on the company's future performance [1]

Core Viewpoint - Wedbush downgraded Pinterest Inc. to Neutral from Outperform and reduced its price target to $30 due to mixed third-quarter results and revenue growth guidance falling approximately 100 basis points below initial expectations for the upcoming quarter [1] Group 1: Financial Performance - Pinterest's third-quarter results were mixed, leading to a downgrade in outlook [1] - The company is expected to experience revenue growth that is roughly 100 basis points below initial expectations for the next quarter [1] Group 2: Market Conditions - The outlook for Pinterest reflects a wider range of potential outcomes amid macroeconomic uncertainty and tariff effects [2] - Investors are increasingly concerned about the risks from rising adoption of competing agentic commerce tools among consumers, which are seen as outweighing the benefits from previous consumer packaged goods (CPG) weakness [2] Group 3: Valuation and Sentiment - Following the report, market sentiment weakened, with shares trading around 10 times the firm's 2027 adjusted EBITDA estimate [3] - While Pinterest is still believed to be on track to achieve the lower end of its medium-term objectives, there is reduced visibility into catalysts that could significantly accelerate growth [3] - The long-term expectations for Pinterest have been revised downward, with the price target lowered from $34 to $30 [3]

Core Insights - Pinterest and Walmart are launching a pilot program for a shoppable recipe experience in the U.S. that will be rolled out in the coming weeks [1][2] - This collaboration allows Pinterest users to discover recipes, add ingredients to their Walmart online cart, and check out through Walmart's platform [2][3] Group 1: Collaboration Details - Users can select alternate products, view real-time pricing, and choose a store for pickup or delivery [2] - Pinterest's vice president of product marketing emphasized that this collaboration makes it easier for users to turn inspiration into real-life moments [3] Group 2: Strategic Direction - Pinterest's CEO stated that the company has evolved into an "AI-powered visual-first shopping assistant," enhancing user decision-making journeys [4] - The platform's recent integrations, such as with Wix and Instacart, aim to streamline the shopping experience by allowing direct purchases from Pinterest [5][6]

Core Viewpoint - The focus is on identifying "AI losers" among prominent tech companies, as highlighted by Wedbush analysts, amidst the ongoing interest in AI stocks on Wall Street [1] Group 1: Identified Companies - Uber Technologies (UBER), Adobe (ADBE), Intel (INTC), Pinterest (PINS), and Instacart parent Maplebear (CART) are listed as "AI losers" by Wedbush analysts [1] - The analysis suggests that these companies may not benefit from the advancements in artificial intelligence as much as others in the industry [1] Group 2: Market Context - The report emphasizes the need to discern between winners and losers in the context of the fourth industrial revolution driven by artificial intelligence [1] - There is an acknowledgment of the amplified scrutiny on companies as the market evolves with AI technologies [1]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Insights - Artificial intelligence is significantly transforming spending across various industries, benefiting companies like Nvidia and AMD, while negatively impacting others [1] Semiconductor and PC Industry - Wedbush Securities highlights that soaring demand for computer memory is squeezing companies linked to traditional PC and mobile sectors, adversely affecting Intel, HP, Synaptics, Qualcomm, Qorvo, and Cirrus Logic [1] - The report indicates that due to concentrated memory supply and AI-driven demand, DRAM contract prices are expected to rise over 30% by Q4 2025, with NAND flash prices potentially increasing by at least 20% [2] - Memory constitutes about 20% of the PC bill of materials, and a 27.5% average price increase in memory could lead to a 5.5% impact on sales costs, compressing gross margins for manufacturers like HP by 300-440 basis points [2] Autonomous Vehicles - The rise of autonomous vehicles is projected to negatively impact ride-hailing companies such as Uber and Lyft, as Tesla's first fleet of driverless cars is set to launch in Austin, Texas by the end of the year [2][3] - Autonomous fleets can transport people and goods without human labor, marking a significant shift in transportation economics since the introduction of ride-hailing services a decade ago [3] - As autonomous networks scale, value will shift towards platforms that own fleets, have data accumulation, and benefit from closed-loop economic advantages, undermining the asset-light models of Uber and Lyft [3] Advertising Sector - The emergence of agentic AI is causing a significant shift in advertising spending, with Wedbush downgrading Pinterest's rating and predicting negative impacts on The Trade Desk as advertisers move towards platforms with proven conversion rates, such as Amazon, Meta, Google, and AppLovin [2][3] - In an agentic AI landscape, advertising budgets are expected to flow towards platforms that offer rich first-party data, measurable conversion rates, and short feedback loops from signal to sale [3] Software as a Service (SaaS) Companies - Major SaaS companies like Adobe, Docusign, and Workday may face negative impacts as some firms pivot towards usage-based models, while high-cost product companies are likely to be more affected [3][4] - Historically, disruptors in enterprise software first succeed in niche applications before threatening established competitors, with Adobe, Docusign, and Workday facing the greatest risks [4] - Wedbush downgraded Nice Systems from "outperform" to "neutral," lowering the target price from $170 to $120 [4] Retail Sector - The impact of agentic AI is also disrupting various areas within the retail sector, including intermediary organizations like Instacart [4]

Core Points - S&P Dow Jones Indices will implement changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective December 22, 2025, to enhance market capitalization representation [1][2] - The adjustments involve additions and deletions of various companies across the indices, reflecting their current market status [2] S&P 500 Changes - Additions include CRH (Materials), Carvana (Consumer Discretionary), and Comfort Systems USA (Industrials) [2] - Deletions include LKQ (Consumer Discretionary), Solstice Advanced Materials (Materials), and Mohawk Industries (Consumer Discretionary) [2] S&P MidCap 400 Changes - New additions consist of UL Solutions (Industrials), Pinterest (Communication Services), and Booz Allen Hamilton Holding (Industrials) [2] - Companies being removed include Comfort Systems USA (Industrials), Under Armour A and C (Consumer Discretionary), and Power Integrations (Information Technology) [2] S&P SmallCap 600 Changes - Additions feature Primoris Services (Industrials), Casella Waste Systems (Industrials), and Indivior (Health Care) [2] - Deletions include SPX Technologies (Industrials), Dycom Industries (Industrials), and Borgwarner (Consumer Discretionary) [2][3]

Core Insights - Meta Platforms (META) stock shows strong revenue growth and profitability compared to Pinterest (PINS), making it a more attractive investment option [3][4]. Financial Performance Comparison - META's quarterly revenue growth was 26.2%, while PINS reported 16.8% [4]. - Over the last 12 months, META's revenue growth stood at 21.3%, surpassing PINS's 16.8% [4]. - META's last twelve months (LTM) margin was 43.2%, with a three-year average margin of 37.4%, indicating superior profitability compared to PINS [4]. Valuation Insights - META stock is characterized by improved profitability and a comparatively lower valuation than PINS, suggesting a more favorable investment opportunity [3][4].

Core Insights - Pinterest (PINS) has seen a 17% decrease in stock value over the last month, prompting considerations for either purchasing more or reducing holdings. However, Meta Platforms (META) presents a more favorable investment opportunity due to its superior financial metrics [2]. Financial Performance Comparison - META's quarterly revenue growth is reported at 26.2%, significantly higher than PINS's 16.8%. Over the last 12 months, META's revenue growth stands at 21.3%, again surpassing PINS's 16.8% [2]. - In terms of profitability, META shows a Last Twelve Months (LTM) margin of 43.2% and a three-year average margin of 37.4%, outperforming PINS [2]. Valuation Metrics - A direct comparison of financials between META and PINS highlights discrepancies in growth, margins, momentum, and valuation multiples, indicating that META may be a more attractive investment [3][4].