Business
China’s Growth Stocks Are About 60%-70% Overvalued: BofA
US Commerce Secretary Howard Lutnick lauds the benefits of artificial intelligence. Speaking with Joe Mathieu at the G20 Innovation Ministerial in Chapel Hill, North Carolina, Lutnick also says Anthropic has settled differences with the Trump administration and discusses the state of US-Canada trade negotiations.
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The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Goldman Sachs Chief Credit Strategist Amanda Lynam, Tenstorrent CEO Jim Keller, Jefferies Senior Equity Research Analyst, Airlines, A&D Sector Sheila Kahyaoglu, X-Energy CEO Clay Sell, US Energy Secretary Chris Wright, Meredith Whitney Advisory Group CEO Meredith Whitney, Alger Portfolio Manager Ankur Crawford, Espa Labs CEO & Co-Founder Deon Nicholas, JPMorgan Asset Management Chief Global Strategist David Kelly & JPMorgan Private Bank Global Investment Strategy Co-CIO Stephen Parker, & SIFMA CEO Ken Bentsen.
Chapters:
00:00:00 Bloomberg The Close
00:02:38 Goldman Sachs on AI Credit, CoreWeave & Financing Risks
00:08:01 Hyperscaler Debt, Private Markets & Higher Rates
00:10:55 Tenstorrent CEO Jim Keller on AI Chips & $1.5 Billion Raise
00:16:09 AI Coding, Open Source & Tenstorrent’s Growth Strategy
00:17:30 Top Calls
00:18:34 Defense Earnings, Airlines & the Consumer Outlook
00:23:06 Anthropic, Amazon & the $45 Billion AI Infrastructure Deal
00:28:04 Nuclear Power, Data Centers & Bipartisan Energy Support
00:32:04 Energy Secretary Chris Wright on Oil & Diesel Shortages
00:37:06 Meredith Whitney on the Consumer & Earnings Season
00:42:04 Banks, Private Credit & the Economy’s Dependence on AI
00:45:30 Closing Bell
00:50:21 Treasury Yields, Market Movers & the Return of Cursive
00:55:22 AI Stocks Rebound Ahead of Big Tech Earnings
01:00:15 AI Infrastructure, Power Constraints & Software Automation
01:03:08 Personal AI Agents, Privacy & the Future of Work
01:08:38 JPMorgan on the AI Capex Supercycle & Long-Term Returns
01:14:15 Higher Rates, Bonds & Portfolio Diversification
01:20:20 SIFMA on Tokenization & Modernizing Financial Markets
01:25:14 Treasury Clearing, 24/7 Trading & AI in Finance
01:28:30 What to Watch
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Ukrainian President Volodymyr Zelenskyy has ordered attacks on Russian oil refineries to resume, ending a three-day pause on strikes in response to US President Donald Trump’s call last week for an “energy ceasefire.” Moscow has continued attacking Ukrainian energy infrastructure and civilian targets over the last few days leading to a mounting death toll. Tony Halpin reports on Bloomberg Television.
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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Bailey Lipschultz, Carol Massar and Norah Mulinda.
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The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Glenmede Chief of Investment Strategy and Research Jason Pride, Nuveen Head of Fixed Income Tony Rodriguez, Citi Senior Equity Research Analyst Ari Rosa, QTS Co-CEO Tag Greason, Raymond James Global Head, Private Capital Advisory Sunaina Haldea, Needham Senior Research Analyst John Todaro, Genesys Chairman & CEO Tony Bates, JLL Hotels & Hospitality, Americas CEO Kevin Davis, & HGTV Host & Author Tarek El Moussa.
Chapters:
00:00:00 Bloomberg The Close
00:02:23 Jason Pride on Earnings, Valuations & Bond Opportunities
00:05:16 Bull Market Risks, AI & Portfolio Positioning
00:08:31 Small Caps, Higher Rates & International Stocks
00:11:23 Nuveen on Inflation, Oil & the Bond Market
00:14:13 Fed Rate Hikes, Credit Supply & AI Debt
00:16:49 Top Calls
00:18:02 Citi on XPO, Freight Demand & the Trucking Market
00:21:22 Freight Consolidation & C.H. Robinson’s RXO Deal
00:23:00 QTS Co-CEO on AI Data Centers & Community Backlash
00:26:22 Data Center Jobs, Energy Costs & Infrastructure
00:29:23 Data Center Regulation & Responsible Development
00:31:34 Apple & LG Push Deeper Into the Smart Home
00:34:00 Siri, Home Security & Apple’s AI Strategy
00:36:40 Raymond James on Yields, Private Markets & M&A
00:39:01 AI Financing, Private Credit & Refinancing Risks
00:42:01 M&A Liquidity, Geopolitics & Market Risks
00:43:06 Closing Bell
00:46:00 Market Movers: Micron, Black Hills & Moderna
00:48:04 SpaceX Financing, Webull & Industrial Stocks
00:50:02 Nike Management Shakeup & Bond Market Volatility
00:52:29 New Jersey’s Rising Cost of Living
00:54:40 Market Recap: Fed Minutes, Oil & European Risks
00:56:25 Levi Strauss Earnings & Applied Digital
00:59:24 Applied Digital, Data Centers & AI Capacity
01:01:25 Levi’s Earnings & Lululemon’s New Leadership
01:04:17 Midterm Elections, Deficits & Market Risks
01:06:48 Tariffs, Energy Policy & the Consumer
01:09:02 Genesys CEO on Meta’s Personal AI Agent Protocol
01:12:01 AI Privacy, Trust & Industry Guardrails
01:15:24 Hotel Investment Rebounds Despite Higher Rates
01:18:02 Private Equity, Wealthy Buyers & Hotel Demand
01:21:22 Tarek El Moussa on 7.5% Mortgages & Housing
01:24:15 AI, Distressed Homes & the House-Flipping Market
01:26:42 Commercial Real Estate & Housing Market Risks
01:28:10 What to Watch
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@gitingrewal2204
December 31, 2023 at 2:33 pm
Kapur is amazing! Was dead right
@hatchegg80
December 31, 2023 at 2:33 pm
Spot on
@dfjpr
December 31, 2023 at 2:33 pm
He's like Trump, her reads his charts upside down.
@dfjpr
December 31, 2023 at 2:33 pm
Quite astonished to hear that he is "modelling" Alibaba "fair value" at around a PE ratio of 5 with sustained 20+% growth and no debt.
@jesselivermore2291
December 31, 2023 at 2:33 pm
anyone who buys chinese stocks better know somebody inside ccp, or else you will be robbed.
@kunalseth6437
December 31, 2023 at 2:33 pm
👍👍👍
@Bipkhim
December 31, 2023 at 2:33 pm
He is fighting India's battle with China…
@Bipkhim
December 31, 2023 at 2:33 pm
He is a full of …. (You fill in the blank)
@Samantha-sj1kr
December 31, 2023 at 2:33 pm
venturing into the trading world without the help of a professional trader and expecting profit is like turning water into wine ,you would need a miracle, that's why I trade with Mrs Luna lucia, her skills set exceptional
@ChiChi-sw5iu
December 31, 2023 at 2:33 pm
I like Ajay's voice and eloquence
@akashpatel1006
December 31, 2023 at 2:33 pm
Bofa is dumy bank anyways
@jessealedonis466
December 31, 2023 at 2:33 pm
Covid deaths numbers are all false data.
@eworknow1889
December 31, 2023 at 2:33 pm
Can't know how I stopmed onto this. All in all Awesome content 🙌🙌. I also watched those rather similar from mStarTutorials and kinda wonder how you guys create these clips. MStar Tutorials also had cool info about similiar money making things on his vids.
@AntonioLexanTeh
December 31, 2023 at 2:33 pm
The definition of a clown
@paolobertolotti8242
December 31, 2023 at 2:33 pm
This guy is a clown. You can say i don't trust Chinese stocks, that could be fair, it's your pov (which is not my case) but you can't say that Alibaba, Jd, Baidu are 60% overvalued considering their financials and growth prospects. It's litteraly crazy
@crp2974
December 31, 2023 at 2:33 pm
Completely deflects the question on the big screen lulzzz
@MoritaJunichiro
December 31, 2023 at 2:33 pm
🌏📊👈🏻🇺🇸faike
@xpkareem
December 31, 2023 at 2:33 pm
So by his valuation method BABA would be worth about $120 a share or about a PE of 7 on TTM. This guy thinks BABA's fair multiple is a 7 PE. Get the f*ck out of here man. They must have good drugs at BofA.
@Lu89m
December 31, 2023 at 2:33 pm
I’ll do the exact opposite of what this dude saying lmao
@TYUAN2009
December 31, 2023 at 2:33 pm
Regulatory concern yes! China tech overvalued? He is completely off!
@dohminkonoha3200
December 31, 2023 at 2:33 pm
The end is here
@tommay7735
December 31, 2023 at 2:33 pm
Buy India!! SEA exchina! Valuation? We have no clue, what the bottom line really is.
@cckaedejay
December 31, 2023 at 2:33 pm
what a bullsht guy he is….
@apvial
December 31, 2023 at 2:33 pm
He is 100% correct
@threecolorsblue
December 31, 2023 at 2:33 pm
Sometimes I'm wondering why people belive this BS. How the stock can be overvalued if FED and rest of the word printed unprecedented QTY of money.
This guy says this basing on some thought which is only conditionally correct and can not be applied to printing money policy.
Most of companies in China are far more advance then in the rest of the world.
The biggest population
The biggest middle class of milioners
You name it.
Check the 13f reports you will see who buys China stock. GS, JPM, They say something else to public and they buy with each deep.
@akashgiri1985
December 31, 2023 at 2:33 pm
This Clown 🤡
@akashgiri1985
December 31, 2023 at 2:33 pm
This guy is an Indian and Indians are always against investing in China.
@danielgriffin8132
December 31, 2023 at 2:33 pm
The ride is over
@vm6971
December 31, 2023 at 2:33 pm
As if American stocks are not overvalued. Lies lies lies
@webdeuce
December 31, 2023 at 2:33 pm
Ajay is the Indian that all Indians like me run away from when we come to USA for college ::::)))))))smh ….. nothing he said will pay off in the next 5 years …
@333bctan
December 31, 2023 at 2:33 pm
Check out the hair … no wonder 😆
@xdude57
December 31, 2023 at 2:33 pm
BoFA clients – run! Don't give your money to this buffoon 🙂
@mindtwister1984
December 31, 2023 at 2:33 pm
Bloomberg endorsed this man? They really think the audiences are dumb.
@wils5923
December 31, 2023 at 2:33 pm
Looking back at what's happened this week, this guy is a prophet! He was warning all the amateur investors.
@warrenz597
December 31, 2023 at 2:33 pm
Kapur looks like a prefab straight out of the Bozo Factory
@muhammadnizaelaghifari5308
December 31, 2023 at 2:33 pm
🤣🤣
@mattsmith6509
December 31, 2023 at 2:33 pm
🤯🤯🤯👀👀😳😳
@nnn6054
December 31, 2023 at 2:33 pm
This guy is insane if he thinks baba is a 200 billion dollar company when they have over 70 billion dollars of cash. Let that sink in for a second.
@marioalll
December 31, 2023 at 2:33 pm
The future of China is way better than that of the US..for me, the REAL RISK is not being invested in China.
@siddhantproma
December 31, 2023 at 2:33 pm
WHEN WHOLEWORLD STOCK MARKET IS STRUGGLING,THE INDIAN STOCK MARKET IS BOOMING.I AM VERY HAPPY TO INVEST IN INDIA 🇮🇳.
@lucasthomos6648
December 31, 2023 at 2:33 pm
Am from Spain, my friend in Texas referred me to this channel you make a lot of sense but I do not understand anything until she referred me to a financial counselor in USA that help me to craft my portfolio and over a year we have been working together making consistent profit enough to get me a new apartment and care for parents.
@ginyamaguchi1421
December 31, 2023 at 2:33 pm
Guess who bought up all your paper handed Chinese shares?
Ajay did. Ajay got your shares on the cheap.
Remember guys. They don't give you advise on msm. They give you instructions how to lose money.
@vids4anand
December 31, 2023 at 2:33 pm
Got it! Never buy boa
@nakosimpson7459
December 31, 2023 at 2:33 pm
Tuff
@virex7684
December 31, 2023 at 2:33 pm
China have a habit of not telling truth so no surprise there XD china day r over now
@YkpMOBA_Homep1
December 31, 2023 at 2:33 pm
I sold them -Chona and India.
@dimsumden5745
December 31, 2023 at 2:33 pm
What about American growth stocks….95% overvalued?
@clintoncoltd2502
December 31, 2023 at 2:33 pm
Hello everyone, my company is given out some money, 98% of your investment is guaranteed within 3 weeks you invest in us, it's gonna be in 4folds of what you invest on, Your investment is 100% secured.
@ericwli
December 31, 2023 at 2:33 pm
What about American tech stocks, I think they are 90% overvalued.