🔥 LATEST: OpenAI raises $8.3B at a $300B valuation, per NYT. https://t.co/7lExJ40Lf0 ...

Core Viewpoint - Axon Enterprise, Inc. is expected to report strong second-quarter 2025 results, with earnings projected at $1.54 per share and revenues at $643 million, reflecting significant year-over-year growth [2][8]. Financial Performance - The earnings estimates for the second quarter have increased by 4.8% over the past 60 days, indicating a 28.3% increase from the previous year [2]. - The Zacks Consensus Estimate for quarterly revenues suggests a year-over-year growth of 27.6% [2]. - Axon has a history of exceeding earnings estimates, with an average surprise of 19.8% over the last four quarters [3]. Segment Performance - The Connected Devices segment is anticipated to generate revenues of $364 million, a 23.4% increase from the previous year, driven by strong demand for TASER devices and the new Axon Body 4 camera [6][8]. - The Software & Services segment is expected to see revenues rise by 35.4% to $283 million, supported by user growth and enhanced cloud offerings [9][8]. Strategic Initiatives - The company is focused on acquisitions and partnerships to enhance its product offerings, including the acquisition of Dedrone for airspace security and a partnership with Skydio for drone solutions [10]. - The increase in the number of users on the Axon network and benefits from recent acquisitions are likely to contribute positively to future performance [19]. Market Position - Axon shares have increased by 20.3% over the past three months, outperforming the S&P 500's 12.2% increase [12]. - The company's current valuation is high, with a forward P/E ratio of 103.48X, significantly above the industry average of 52.76X, which may pose risks if market sentiment changes [15][16]. Investment Outlook - The company is well-positioned for sustained growth due to its diversified product portfolio, strategic collaborations, and strong market demand [18][20]. - Positive analyst sentiment and robust growth prospects make Axon an attractive addition to investment portfolios [20].

OpenAI reportedly raises $8.3B at $300B valuation | TechCrunch https://t.co/Jz8qFcFfXJ ...

Token Launch Performance - A significant majority of 2025's most hyped token launches turned into instant bag holder situations despite blue chip optics [6] - Losers in the studied group shed between 25% and 74% of their total dollar value since their respective token generation event [11] - Only a roughly 1 in 3 rate for tokens outperformed BTC, indicating hyped token launches are far from a guaranteed success [13] Key Factors Influencing Token Success - Early relative strength (outperforming BTC in the first couple of weeks) is a strong indicator of continued success [13][14] - High premiums for public investors compared to private sale rounds often weigh down price, unless the project has strong product-market fit and a compelling narrative [26] - Initially low circulating supply can be bullish if there's a sensible unlock schedule [32] Market Timing and Volume - Launching a token right after a big BTC rally can be detrimental, as the market may be exhausted [35][36] - High day-one trading volume is important, but a sharp drop-off in volume (e g, by half in the first month) can signal fading interest and potential price decline [47][48] Risk Management - Investors should be skeptical of launches backed by big exchanges or prominent investors, and remember the overarching themes [11] - Ignoring Bitcoin's market movements can be risky when evaluating a new token launch [43]

OpenAI raised $8.3bn at a $300bn valuation.Anyone here get a ticket? https://t.co/D1ALUx0ot3 ...

Market Overview & Valuation Concerns - The market experienced a downturn, with the Dow sliding 330 points, S&P declining 037%, and Nasdaq edging down 003%, attributed to concerns over inflated valuations exemplified by Figma's IPO [3] - The speaker emphasizes that valuation matters, and euphoria in the market is detrimental to business [3][4] - The speaker introduces "Fig Newtons law," suggesting that what goes up (in terms of valuation) must come down, cautioning against a new phase of the bull market driven by ludicrous valuations [15][16] Company Performance (Microsoft & Meta) - Microsoft and Meta exceeded earnings estimates significantly, driven by investments in artificial intelligence [5][6] - Microsoft's stock trades at approximately 35 times earnings, while Meta trades at less than 29 times earnings [6][7] - Microsoft gained nearly 4%, and Meta jumped more than 11% following their earnings reports [7] - The speaker believes Microsoft and Meta are undervalued compared to the S&P 500, which sells at 24 times earnings [8] Figma IPO & Valuation - Figma's IPO priced at $33, opened at $85, and closed at $115 and change, highlighting concerns about excessive valuation [2] - Figma's valuation is considered wildly inflated because it doesn't make that much money, making a price-to-earnings multiple irrelevant [13][14] - Figma's valuation is judged on a price-to-sales basis, reaching 67 times sales assuming 40% growth, compared to Meta at ten times sales and Microsoft at 12 times sales [14] Amazon & Apple Performance - Amazon reported a good quarter with healthy top and bottom lines, with better-than-expected sales across divisions, but gave mixed guidance [18][19] - Apple's sales and earnings came in substantially better, driven by strong iPhone sales, with 10% revenue growth [20]

Market Valuation & Sentiment - Figma's IPO surge to $115 after pricing at $33 reflects market euphoria and unreasonable valuation [1] - The market's decline was attributed to Figma's overvaluation, highlighting the importance of reasonable valuations [2][3] - Euphoria is considered detrimental to business [3] Company Performance & Comparison - Microsoft briefly reached a $4 trillion valuation [4] - Meta's valuation is just under $2 trillion [4] - Microsoft sells at roughly 35 times earnings, while Meta sells for less than 29 times earnings [6] - Microsoft's stock gained nearly 4%, and Meta's jumped more than 11% following strong earnings reports [6] Strategic Investment & Future Outlook - Microsoft and Meta's success is attributed to significant investments in artificial intelligence [5] - Despite their size, Microsoft and Meta are considered undervalued compared to national economies [7]

Market Sentiment and Valuation - The market's sentiment suggests it could continue to rise, but valuation and earnings models indicate it may be overextended for 2025 [3] - Current GDP growth of 1-2% is not typically a strong foundation for the stock market [4] - Top 10 market cap names are approaching recent peak median PE forward numbers, nearing 25 times [10] - The rest of the market has a median PE of around 185 times, but earnings are not supporting a catch-up trade [11] Earnings and Corporate Performance - There are significant gaps up and down in stock movements, suggesting liquidity issues and visibility challenges in earnings [6] - Some companies are managing challenges better than others, creating a stock picker's market with winners and losers [7] - Corporate America is generally managing through challenges well, but not uniformly [7] AI and Growth Expectations - The AI story remains intact, supporting valuations of tech names [9] - Relative long-term earnings growth rates of the top 10 companies track their relative PE almost perfectly [14] - Meta is up 11% [5] Economic Outlook and Fed Policy - The speaker felt the Federal Reserve Chair Powell was hawkish and did not indicate a September rate cut [16] - The market has recovered faster from the April 8th lows than in previous growth scares [17] - There is softening in services, as seen in super core measures [19] - There is an incomplete discussion in earnings calls about demand, making it difficult to assess the setup for the next quarter [20][21]

Figma and its investors are set to raise $1.2 billion Thursday by selling shares to the public at a more than $19 billion valuation on a fully diluted basis. (Photo: Gabriela Hasbun for Forbes) https://t.co/ZqLrM2QUyl https://t.co/WUEpHtUX8x ...

Vibe Coding Tool Replit Doubles In Valuation To $3 Billion https://t.co/ZZyScxKiVj https://t.co/TWVf1AmFOG ...