IP

grouseOfChards

Why? I thought HBMs are commoditized and less differentiated than the actual IP/GPU/CPU etc, is that not the case?

AntoniaFauci

This whole “Dancing With Fascists” phase of Disney aside, I do agree that it’s a good argument of why Disney will be just fine. That said, if you observe Disney over the last decade or so, they’ve really leaned hard into enshittification. Quality of everything they do has plummeted. Parks have devolved from magical experience to sweaty, insanely packed cash grab. Films are mostly milking some very tired IP, or weirdly injected with performative provocation. Merch is pervasive and low grade. There’s now alternatives and kids growing up who can get content from non-Disney sources. I’m not betting against Disney (although I did sell it at a recent peak) However I think for them to continue their legacy, there will need to be a time when they pause the profit-cranking obsession and focus instead on rebuilding quality and brand. I think that should include building a third park.

mayorolivia

Look at forward PE, growth rates, competitive advantage, etc. Micron is a good company and they will continue to run over coming years. However they are a commodity player. As OP mentions, there are 3 HBM players and Micron has #3 market share. They all offer the same thing and margins are fairly low. I prefer investing in chip companies with higher margins (which is due to defensible IP). Crdo and ALAB both have 67% margins and are growing at parabolic rates. Crdo 4x revenues this year and will 2x next year. ALAB is growing like crazy because of all the networking configurations needed in AI data centres. They’ll continue to surpass Micron. Also, OP is implying Micron could hit $1T market cap. There’s no chance that happens in the next 10 years since there is nothing special about what Micron offers (which explains their low margins).

Memnoch1207

1) The board of directors authorization to buy back shares is just that, it's an authorization, not an obligation. The company does not have to buy back any shares. They can buy back some, all, or none, depending on price, liquidity, cash flow, and corporate priorities. 2) If they did buy back up to $10M worth of shares, it would tighten liquidity, widen bid/ask spreads. Which could make a short squeeze more likely. 3) Some things to consider. It IPO'ed in May at $40/share. The stock was at $12/share back near the end of July and now it's $3/share. Even though short interest is low, announcing this buy back could be a ploy to A) make potential shorts think twice about actually driving the price down further. B) Attempt to get attention on the stock and get buyers to drive the price higher, at which point they could do an offering to raise more capital. (The company has very little revenue, about $300K-$600K in cash, and is carrying $4.2M in debt. Without a capital raise, bankruptcy might be the next stop. One potential saving grace might be their IP (9 patents pending), but whether they'll be granted or not and in which countries is up in the air. I wouldn't hold my breath waiting to see if this becomes a ten-bagger or even squeezes, but keep an eye on their next two quarterly reports to see if they actually did buy back any of their shares. With less than $1M cash, where are they getting the $10M authorized to buy back the shares? Go read their latest 10-Q it's...uh...enlightening. :)

baconography

And they still own a shit-ton of tech IP, too.

Shurae

Gaming conglomerate and massive IP owner. They are owner of the Lord of the Rings IP for movies, games, theatre, merchandise etc and also own Tomb Raider and many more.

SuddenAudience8758

DIS has been my most disappointing stock these last 5 years but at least it’s not costing me money. I look at it as a “stable” place to hedge some of my other bets atm but I’m hoping it’s up enligh to trim closer to the end of the year. ATM I see more opportunity elsewhere. That being said, I don’t mind riding DIS for another 5 years if I can’t find a happy exit or they manage to get momentum going again. Their IP can’t be ignored, and their vast revenue streams give it security in my mind. Source: just some guy investing and paying attention to what he holds. This is not investment advice.

elgrandorado

I think in terms of plays for strong entertainment firms, it's not my first pick. YouTube (through Google) and Netflix are superior, and I own Google. In the IP space, I have favored Nintendo and will continue to do so due to their track record over the past 25 years. Disney is teething through this period, and I don't know if they can generate excess returns over the long term.

cautious_Law_8906

Dvlt has strong potential . The company reported Q2 2025 revenue of ~$1.7 million, a year-over-year growth of around 467 %.  • They secured a licensing deal with Nyiax valued at about $2.5 million (paid in Nyiax stock) though not fully recognized as revenue yet.  They are part of IBM’s Partner Plus program, integrating their AI agents (DataScore®, DataValue®) with IBM watsonx, targeting multiple industries.  • They entered into a license deal with NYIAX for their ADIO® tech (ultrasonic advertising).  • They have a strategic partnership with Burke Products, enabling them to participate in defense/aerospace contracts. That gives them exposure to a large, stable spending environment.  4. Intellectual Property (IP) / Patents They have built or are building out a protected technology stack: Web 3.0 platforms, acoustic technologies, data monetization, etc. Protecting and licensing IP can scale well if managed properly.  5. Multiple Industries / Use Cases Their tech isn’t narrowly focused; they are aiming at fintech, biotech, sports & entertainment, government, defense.

stockratic

Just found this info for more specifics. Pretty strong... Datavault AI (DVLT) has established relationships with **multiple high-fidelity audio companies**, primarily through its **WiSA® and ADIO® technologies**, which underpin standards-based licensing for **multichannel wireless HD sound**. Here's how the partnerships break down: # High-Fidelity Audio Relationships |Company|Relationship with DVLT|Notes| |:-|:-|:-| |**Harman International** (Samsung)|**Technology integration & licensing**|DVLT’s WiSA and ADIO platforms are interoperable with Harman’s multichannel systems.| |**Bang & Olufsen**|**WiSA Association member**|DVLT’s tech supports immersive audio in B&O’s wireless speaker systems.| |**LG Electronics**|**Platform compatibility**|DVLT’s WiSA E modules are designed to enhance LG’s Android-based TVs and soundbars.| |**Hisense & TCL**|**OEM partnerships**|DVLT’s receiver modules are engineered for integration into their smart A/V platforms.| |**Platin Audio**|**Direct product collaboration**|Platin Audio uses WiSA-certified modules, many of which are powered by DVLT’s IP.|

FuzzyDynamics

Intel is a massive company that has, more than any single entity, created the modern computing world. Even today their processors are like 75% of the CPU market. Intel architecture, semi-conductor production chain, and IP underlies damn near all of computing. Nvidia is valued at over $4T. A measly $5B in Intel when it’s at a 10 year low is an obvious move even for a fraction of what they can bring to the table for semi-conductor technology. The market has been irrational about Intel even from a retail investor perspective and it is insanely undervalued for what the most powerful organization in computer architecture can do with a stake in it.

cautious_Law_8906

The company reported Q2 2025 revenue of ~$1.7 million, a year-over-year growth of around 467 %.  • They secured a licensing deal with Nyiax valued at about $2.5 million (paid in Nyiax stock) though not fully recognized as revenue yet.  Ambitious Revenue Targets Datavault AI expects US$40-50 million in revenue for 2026, driven by its acoustic and data sciences platforms.  For 2H 2025, they are targeting $12-15 million in revenues.  2. Acquisition Strategy The company has acquired CompuSystems, Inc. assets. That acquisition is expected to contribute $15-20 million toward the 2026 revenue They are part of IBM’s Partner Plus program, integrating their AI agents (DataScore®, DataValue®) with IBM watsonx, targeting multiple industries.  • They entered into a license deal with NYIAX for their ADIO® tech (ultrasonic advertising).  • They have a strategic partnership with Burke Products, enabling them to participate in defense/aerospace contracts. That gives them exposure to a large, stable spending environment. They have built or are building out a protected technology stack: Web 3.0 platforms, acoustic technologies, data monetization, etc. Protecting and licensing IP can scale well if managed properly. 

Waiting4Reccession

What do they make? Nothing. What IP do they have? None. Stock is basically held up on hopium and scam altmans trump connection.

PermanentUsername101

It’s not the same reason but the result will be the same. Intel will now have access to the IP for NVIdia and as I always say, Give a man a fish and he eats for a day, teach a man to fish and he’ll steal your fishing business.

TACO_Orange_3098

BUT you have to qualify the new one as a primary residence , unless you are selling the old property , you cant just keep buying more and more homes and getting qualified as a primary residence on each one :D There are very specific criteria to call a property PR or 2nd or IP ................... and i am not saying the old terms change i am saying you can qualify infinite properties under the PR designation and so does Fannie and Freddie.

TACO_Orange_3098

lol !! No , you cant, there are specific criteria for calling something your primary residence or calling something a 2nd home vs IP and if you are doing this, i need to make some phone calls :D

Jbball9269

You must have the memory of a goldfish since when it comes to IP this is legitimately always the case. Deepseek anyone? 😂

Elephant_Snacks

Fair, though it's not like DIS has been doing too great over the last few years. They still have an enormous amount of valuable IP to continue to put to work, but that's not a certain golden ticket (see Warner Bros WBD), & is likely priced into their stock price already.

JayArlington

Happy to. Part of SNPS (and CDNS) business is developing foundry specific IP so customers can design for that foundry. SNPS had worked on the 18A process node IP for Intel. When Intel failed to attract any external customers SNPS had to disclose that they were going to get zero money for all that work.

Bred_Slippy

Most successful businesses are either acquired for cash and/or the stock of the company acquiring them, pay dividends, or buy back shares eventually. They also have assets, such as property, machinery, cash in their treasury, valuable IP etc. etc. which could be sold and that value returned to shareholders in the event of winding up the company.

trapsinplace

IP and copyright exist to let China steal from us don't you know?

piszczel

Hardware is probably not the issue. They can spend infinite money copying nvidia hardware designs since they don't care about IP laws. Eventually they'll make something that's as good or close enough in raw power. The problem is software, since everything runs on CUDA currently.

general010

I reported you and your IP address to SEC

Murbela

I don't know if anything new happened. Ubisoft is extremely reliant on a couple IPs, mostly AC and to a lesser extent Rainbow six. We've seen no indication that ubisoft has a strategy to restore value to the AC IP, if anything shadows has confirmed that they will spend a ton of money for a disappointing return (don't care how good/bad the game is, just return on investment). The shenanigans they did with shifting all of their at all valuable ips to a different subsidiary (co ran by John Random Guillemot of course). I feel like this devalues the main stock but i'm approaching the limits of my stock knowledge here. Ubisoft remains an extremely risky investment.

penguinpandapear

I’m not convinced a possible TikTok deal will be the big prize people think it is. It’s big, but if the price is too high or the buyers don’t get key IP it could be buying at the top/past the peak. TikTok isn’t the only game in town for short form content any more.

mayorolivia

1. Easy to just tell people app is being discontinued and click here to download new one 2. Yes, this is the most important development. TikTok’s IP is the algo. However my guess is their brand affinity is so strong folks will put up with any harm to user experience. 3. Yes, US gov wants to carve out the data so seems like you will need to switch back to native app if you’re abroad. I imagine you’ll still be able to use same login credentials for both to access network, feed, etc. What’s crazy to me is Chinese government and ByteDance are still willing to play ball. Goes to show how valuable TikTok is politically and financially to the Chinese.

FullCopy

TikTok has more regarded content than YouTube. There’s no great IP in there. Morons hooked on watching other morons doing stupid shit.

Shapen361

I think they will get acquired, probably by Sony. The IP is very valuable in the right hands. Microsoft would probably face antitrust litigation if they acquired Bethesda AND Activision AND Ubisoft.

quarterbackk

I'm sure that would be core IP included as a company asset....

PIK_Toggle

I’m confused. You are impressed that they can take stolen IP and make it marginally better? What does China lead the world in vs the US? They have [horrible demographics](https://www.yardeniquicktakes.com/china-the-worlds-largest-nursing-home/), a zombie banking sector, the maintain control via repression, and they could face massive civil unrest at any moment. If China decides to pop off and invade Taiwan, it’s going to further magnify their demographic issues as they take casualties. The US certainly has its own problems. They are simply less severe than chinas.

emp-sup-bry

You seriously think they have no capacity for building on top of stolen IP? Yeah, intellectual theft is a huge problem, but they are actually doing something with it, while the US is longing for mines and whale oil

TAKINAS_INNOVATION

Netflix doesn’t own demon slayer’s IP. I’m pretty sure the author still owns the rights to it. Some company probably has the anime rights or movie rights. But generally unless the author sells their rights. They retain the rights to their IP. It’s like how JK Rowling still owns the rights to Harry Potter and their characters. Media rights are really annoying and unless it’s specifically said like the author sold all the rights to the company. It’s not a good assumption to assume they own any of the IP. Netflix actually bought the IP of Squid games and Kpop demon hunters.

New-Association5536

Umm, quick google search shows the Tesla Shanghai has actually seen a drop over the last 6 months to year or so. China is not going to let him eat up there market, and Chinese nationalism will ultimately win out. China as a market is less and less friendly to western companies, especially as geopolitics shift and China tries to get their economy moving towards being consumer driven on their own manufacturing and output. They are working at decoupling over the long term. Once they can steal the IP and start producing something close to equivalent, like BYD, they will do everything to get their consumers to by from Chinese manufacturers. Via bloomberg: "The carmaker's shipments plunged 49% in February from a year earlier to 30,688 vehicles, according to preliminary data"

_Answer_42

Yeah, they didn't know the trick is to still the scientist not IP

visiblePixel

\>Nvidia is trading at 50x earnings, even though we can clearly see big tech pivoting away from Nvidia into custom chips from Broadcom. Nvidia was a temporary solution for big tech to quickly pivot and scale quickly, not a company they will depend on long term. Where did you get this info ? this is not true at all... inference and training are not the same thing. There is almost no competition to cuda. And training is not one time thing. \>Broadcom, while they have a lot of potential, trades at 92x earnings. check forward PE. As I am saying earnings they are keeping up with the valuations. but they are ofc slower. Why? check money supply again. Where do you think the money goes ? \>Oracle trades at 67x earnings based on speculation of a $300 Billion contract that depends on their customer's ability to raise capital. Additionally, no guarantee that said contract provides high margins. in the bull market there are always that kind of speculations. it is normal. \>Workday trades at a P/E of 87, ServiceNow at a P/E of 117, Applovin a P/E of 83. The products these companies offer are really nothing special. as I said.. highly valued. if the earnings don't keep up they will come down. for sure. \>AMD trades at a P/E of 91 even though they are struggling to compete with Nvidia. again check forward PE (35 ish). And this was one time spending or sth I don't remember what it was currently. \>IBM, known as a dinosaur tech stock, trades at a P/E of 41 obviously you are stuck in the history. they don't sell computers anymore they sell IP , involved in quantum computers, AI and cloud computing. they are keeping up. \>A normal P/E is in the range of 10-20, historically. It is worth noting that P/E can be converted to earnings yield. For example, a 50 PE is an earnings yield of 2%. I doubt you will ever see 15 PE again for any big tech in near future under normal circumstances. Again money supply + inflation + number of investors via HOOD like apps etc .... -> 25 PE is the new 15 PE \>When you factor in the costs, AI has made companies LESS efficient. The cost of paying for huge compensation packages to top researchers, huge capex costs for datacenters, greatly exceed the potential labor costs savings from automation. This is the investment phase. It is totally normal. Everything is new and when something is new it is always inefficient. What I was talking about they are efficient in terms of they need less human power for same job so it is working. More than 30% of googles code written by AI today according to them. And it is just the beginning \>This is based on the flawed assumption that it's necessary to have hundreds of thousands of GPUs to train a competitive ML model. Plenty of researchers have found you can train models for much cheaper. Look at what is coming out of China, where they are forced to make due with less due to export bans. They are building models that trade blows with American products with less than 1% of the compute capacity. I would be very sceptical about the infos coming from china. They were saying deep seek costs only 5M or sth and They did not need many Nvidia GPU. It was ofc bullshit. Believe me they are working with Nvidia GPUs :) They have no other choice.

PIK_Toggle

They have horrible demographics. It’s the world’s largest nursing home. If they are so advanced, then why do they pirate our IP?

Plastic-Injury8856

China is a country built on stealing IP and building state monopolies with anti-competitive practices. 

Luxferro

Who listens to China? This is laughable coming from a control that steals everyone else's IP.

GaGtinferGoG

Buy the dip, chinese anti trust laws are like saying the respect american IP

phatelectribe

Shein now owns the lower end market. Vuori, Alo abd Gymshark own the high end athleisure / gym market now. Lulu is dated, mis quality for high prices. They are in a terrible branding position. Just look at what happened to competitor Bandier - tons of vc money, prime locations, heavy marketing and influencers, and now they’re bust and the IP is being fire sold for pennies. It’s a brutal market to be in.

PIK_Toggle

Which countries? China? They are digital pirates. They steal our IP. Japan? South Korea? No. Taiwan has TSMC. That’s it.

WhenICountTwo

First of all I have no idea if NFLX has ever done anything with IP and in many cases they don't own the IP - half the shows on NFLX are just licensed from other places - Suits, Seinfeld, etc. But to the point about distribution - YouTube just had an NFL game last week exclusively on their platform. They sponsor all sorts of offline events and have for years. I think you should dive deeper into YT. Saying all this the broader point is that we area talking about GOOG - NFLX is its own company. NFLX is just a piece of GOOG.

TAKINAS_INNOVATION

You still have to pay 6.99 or something like that. It’s not a true ad tier. It’s a subscription and ad tier combined still. Imo it’s a trade off. Netflix gets to play the game of exclusivity because they own the IP and can branch off into games and merchandise and other revenue streams. Just look at Kpop demon hunters. Netflix can create concerts with that. YouTube can never do the same. YouTube plays the safe game of just being a huge distribution platform. But can’t monetize the full potential because they don’t own the content. YouTube plays a more less risky decent reward game. Netflix plays a high risk high reward game. If they can make a mega franchise they can monetise the shit out of if. If it fails then yes it’s an issue.

Previous_Cucumber325

WBD has announced plans to separate into two entities: * *Streaming & Studios* 🎬 – positioned for growth with Max, HBO, and Warner Bros. IP. * *Global Linear Networks* 📺 – a leaner operation that could stabilize earnings. Breakups often unlock hidden value because each piece can be valued higher than the combined company.

svt4cam46

Tough to say. I rode Oklo up for a decent profit and then sold. Got a case of Fomo and on a dip bought some SMR. Both of these have IP and are engaged in proof of concept projects, but revenue is a ways off in my eyes. Selling calls on the SMR and it's only 100 shares, so if the market ever becomes "normal" again, I won't get destroyed.

Unterhund70

Sorry for the long response... Your comment covers a lot of ground in few words! This should probably go out as a post, but maybe for another day. CD388 is the first clinical proof-point for drug-Fc conjugates (DFC) on the Cloudbreak scaffold. The value isn’t just the influenza asset; it’s the repeatable toolkit—Fc-engineering, targeting domains, linker chemistry, and manufacturability—that can be retargeted to new pathogens/indications. Once the chassis is validated in humans (which Phase 2b just did), it is reasonable to expect follow-ons to be faster and cheaper to advance than the first one. I certainly agree that Cidara isn’t getting credit for this at this time. I am looking forward to seeing what they do with their oncology asset now that this proof point has passed with flying colors. Do they not have more of a moat than you suggest? Saying “any big pharma could copy it” assigns no value to: • IP stack depth: composition-of-matter, method-of-use, and manufacturing claims across Fc variants, linkers, and targets. • Know-how + CMC: reproducible large-scale Fc conjugation with preserved effector function is non-trivial, I expect; tech-transfer takes time even for a major pharmaceutical. • Data moat: real-world human efficacy/safety on the same scaffold is proprietary and compounds over time. Even if a big company can build a similar architecture, the economically rational path is usually partnering or acquiring the validated platform. For a single asset, sure: (1) does it work, (2) who pays, (3) runway makes sense. For a platform, I would also look for: • Repeatability: how quickly can the engine generate the next asset? • Option value: what’s the TAM across multiple pathogens/indications? • Partner pull: are strategic partners engaging now that human proof-point exists? Those are the drivers behind platform multiples (and why markets should re-rate after platform PoC, IMO). In my valuation analysis, I’ve focused on CD388 only because the valuation disconnect is already big enough to question without looking at the broader platform. For influenza prophylaxis in high-risk cohorts (transplant, elderly, immunocompromised), payers already reimburse high-value prevention (e.g., mAbs, high-dose vaccines). A long-acting, pre-exposure DFC with strong efficacy fills a real gap and is economically attractive compared to hospitalizations and lost capacity in peak season. That’s a market design question—not a binary “will anyone will pay” question, and I would have thought should deserve a more measured risk discount. Investors seem still to be pricing for binary risk. Runway extends via grants, BARDA/NIH programs, and partner capital—the standard playbook for platform biotechs post-PoC. The next catalyst (EOP2 → Phase 3 design) is exactly what unlocks those pools. Again, not binary but risk discounted, sure. I agree with your comment about ATYR: when the drug doesn’t work, sentiment breaks. With CDTX, the drug apparently works and a platform POC was successfully demonstrated. Sentiment? Meh… INSM got its re-rating when it proved it could execute repeatedly and expand its addressable market. That’s the path I'd expect a platform play to follow post-PoC. I agree that CDTX is just getting started down that path and that the re-rating to a platform play will happen over time as proof points emerge. Right now, I am just questioning why the market is discounting the value of just their flu asset by what seems to be an excessive amount. Bottom line: On the question of moat, I have a different take; Calling Cloudbreak “copyable” and Cidara “a single-drug bet” I believe under values the technical/IP/CMC/data that are the moat and the fact that CD388 validates the chassis. The investment case now, IMO, is whether management converts that PoC into (a) Phase 3 execution, (b) partner pull, and (c) pipeline repeatability. That’s a platform thesis—not a one-asset story.

Toxic72

Symbotic - Walmart partnered with them to share/co-develop IP... then Walmart gave up, got rid of their internal robotics dept., and expanded the partnership with SYM. Wish I had bought before it ripped a few months ago. Huge customer dependency risk on Walmart though

Bitter-Heat-8767

It looks like it was deleted. The consensus was they have a lot of older valuable IP that makes them prime for a takeover. Some hinted that the yolo was an insiders way of throwing us a bone that something was happening soon without breaking a law lol

WickedSensitiveCrew

I messed up and mentioning Harry Potter. He didnt say that in article. It was "Lord of the Rings," "Game of Thrones," "Superman" and "Wonder Woman". The point was that he felt focusing on IP was more important than the NBA rights. He said other stuff but I imagine you didnt read the article. Which I get your focus is on YouTube and Netflix. Not what a CEO of WBD says.

TAKINAS_INNOVATION

I don’t think WBD owns all the rights to Harry Potter. JK still owns the characters and some other rights. I think companies should just take all the IP rights. Even if it’s expensive, or build their own IP. I’m not a fan of the authors retaining the IP. It poses a problem in the future. Just buy them out so the company can maximise the full potential of the IP.

CannaVestments

Yep GTI owns 80%+ of RYM fully diluted. If RYM on the nasdaq obtains outsized value for the brand IP above and beyond what GTI can stuck on the CSE/OTC, then GTI benefits more than what they could otherwise

Puzzled-Mongoose-587

Yeah idk mate, spent the last 50 years systemically giving away all of your industry and IP to China. The US and the EU are not going to reverse that in a single presidency, arguably never, at this point. A kinetic war is the only real ace up the US's sleeve. You can't beat China at the soft power game.

Yo_Biff

Been holding WBD since the AT&T spin off. Accumulated more shares over time, and did tax loss harvest the most expensive lot I held. I've been convinced to a fair degree the IP was undervalued, although, I at times had to just close my eyes and breath. I have also appreciated the aggressive debt pay down schedule, which has made the company more attractive. The announced split in 2026 seemed like it was going to be the opportunity/event that would bring the market closer to my line of thought. The coming buyout offer just accelerated the curve. I'm thinking mid $20's/share, but I've heard some more optimistic numbers thrown around in the mid $30's and even $40. I think that's mostly wishful thinking, but the sentiment might be enough to drive up the premium.

dj_samuelitobx

fair. I would argue that there is basically 0 chance this administration blocks a Larry Ellison M&A and the IP catalogue looks insane. The will never run out of content to make, remake, and remaster.

Cabrim

Sponsor (notable patent troll) has political alignment & connections with the current administration, with his son now having an investment in his new company. Had a recent failed attempt at monetizing IP over blockchain. Longshot ofc, but more interesting to me than some of these SPACs.

Jeff__Skilling

What part of Oracles latest 10-Q or IP qualifies as fraud?

phatelectribe

It’s going to die. Just look at Bandier - tons of VC money, loads of influencers, heavy marketing, or one locations. They’re now bust and trying to fire sell the IP for pennies on the dollar. This market is saturated, there’s too much competition and the customer base is fleeting. At the low end shein is clearing up. At the high end, Alo and Vuori now are the hot thing. Lulu is in the terrible position of being the expensive brand that is mid and seems dated.

Thotmas01

Pro tip for seeing these LLM assisted DD’s- go ask GPT for the bear case for the ticker in question. Chat bots love to be supportive so when they think you’re a dirty bear they’ll dump all the risks they can on you. Obviously open a new tab with fresh history and ask again for a bull case afterwards. I’m not a biotech guy, generally too scary for me, but for shits and giggles I went ahead and tried that GPT strategy I just mentioned. The bear case mostly centers on CGTX’s cash burn and product risk. Allegedly they’ve got like a year and a half’s worth of money left and aren’t guaranteed to get regulative approval. Moreover they aren’t guaranteed to get market share or useful IP rights thanks to bigger players already in the late stages of getting Alzheimer’s drugs out there. To extend that cash runway and show more innovation for a larger share of the drug family’s IP rights they’ll likely have to do another share offering to raise capital. So what’s the bull case? Early trials are promising, this is one of the first drugs of its family to be tested so a lot of the IP is still up for grabs, and they are getting some grant funding so their team isn’t totally incompetent. I’ll add it to my watchlist. If they do a share offering later and trials still look good then maybe I’ll dip my feet into biotech.

jnas_19

Just imagine all the money from the fortnite kids if they had their IP on there. Many such cases like this

TAKINAS_INNOVATION

I mean they can still license their characters. Look at Sanrio and how many collabs they do. It doesn’t water down their brand at all. Nintendo imo is too protective of their IP. They literally created a fucking music app for their own music. They literally could’ve just put it on YouTube and Spotify and others and just be collecting royalties from the music for the past decade.

MitchCurry

I just don't want them to water down the IP by making too many movies and TV shows like Marvel did. It'll be boon in the near-term but likely be a drag in the long-term.

psmithrupert

I think the first domino is likely either something smaller that should be profitable (but isn’t) like Cursor or one of the really, really big players, either NVIDIA, when it starts really missing their growth projections -NVIDIA will be fine, but it will be a problem for the market- or Meta once their spending gets really out of control. Zuckerberg doesn’t care about the stock price, but the rest of the AI optimists will. I think there could be two scenarios where OpenAi just falters, either if they can’t get new funding (it’s possible, SoftBank is already overextended imho and the Saudis after the Line disaster can’t really afford another one of similar scale) or if Microsoft decides they want them to die (at which point Microsoft would own their IP I believe).

Key-Boat-7519

Digital audit trails don’t lie. DocuSign logs IP, timestamp, and certificate; Adobe Sign adds geo data; SignWell gives similar metadata. A subpoenaed log shows who clicked sign, so it’s hard to dodge when the trail’s that clear.

AntoniaFauci

Watching oracle mob boss family buying up every media and studio asset is reminiscent of what happened up in Canada. They had a big profitable tech company there who just started buying media piece by piece by piece to the point where they basically own every network and channel and IP, including exclusive rights to almost all of our media. How it played out is there a media monopoly in Canada that is apparently very bad for consumers. And even though you’d think this would have been very lucrative for the megacorp monopoly, they’ve actually boofed it and the once god-like stock has crashed more than 50%, and they’ve had to slash the dividend deeply. They’re mired in debt from the acquisitions and expansions and seem to keep making poor decisions on top of it. To be fair, I own some in foreign dollar port, but that’s primarily because I do look for dumpster fire investments and hope for some degree of recovery. Not saying that will be what happens to Ellisons once then buy up all the media. Just adding some color.

zaepoo

I agree, but it always seemed like a dumb idea. After you give them your IP, the government is going to back Chinese companies to start competing with you globally. You make money for about 5 years, then the tap gets shut off. Then 10 years later they start eating into your global market share.

Atlas-Scrubbed

IP. (Intellectual property) If someone else copies their design, NDVA will sue for copyright/patent infringement.

yackob03

TSMC is the fab, I.e. they turn the transistor blueprints into an actual silicon chip. Nvidia owns the design and all of the IP that gets passed to TSMC. It would be illegal, unethical, and just bad for business for TSMC to steal the design. Plus, without the design behind the transistor layout, they could only make that one chip forever, and not new generations or improvements. 

AlGAdams

Its going sky-high. Shifty licensing models, AI IP theft, in a deeply embeded/moated company like that has to produce margins right. So puts.

ZarrCon

Simply put, ADBE (and to a lesser extent CRM) are at greater risk of disruption than the CDNS and SNPS duopoly of proven, mission-critical chip design software. Companies have years of design, IP, and workflows configured with CDNS and SNPS (and many companies actually use software from both). New designs can build off or use components from previous designs. Plus all of the engineers are already familiar with the software and its quirks. Given the fast pace of innovation in semiconductors, you're not going to risk switching to unproven alternatives or attempt to vibe code your own solution. There would be a large time and cost element to that migration, which would be highly disruptive and potentially lead to falling behind competitors. Also, I believe CDNS and SNPS work directly with companies like TSMC and Intel (I think Intel's struggles are part of SNPS drop today). The collaboration between both chip manufacturers and designers ensures their software offers everything needed to create the next generation of chips. So there are a lot of moving pieces that would make it quite difficult and risky to change software.

sw3d

I don't expect a quick rebound as the guidance and news about the company's IP and China issues seemed really bearish. In the long term it should be a good buy if you want to go shares

Pristine_Hurry_4693

I’ve already answered a different comment, so not to repeat I’ll try to add value and just say the stock already has: - FDA breakthrough device designation - FDA TAP program inclusion - FDA MDSAP certification - FDA IDE’s for several cancers - FDA trials (multiple) at phase 2 and 3 - Financial runway beyond commercialization - 2 manufacturing factories built and a 3rd and largest being built in the US - 100% tumor response rate in early FDA trials - Could treat high unmet needs cancers like Pancreatic, Lungs, Brain, Breast, etc… - Activates immune system response - 50+ clinical sites worldwide (including USA, UK, Canada, France, Germany, Russia, etc…) - Patents, IP and more… Some upcoming catalysts: They treated a Pancreatic Cancer patient initiating their IMPACT study, are approved to do the same for GBM, and are expecting PMDA approval in Japan this calendar year. Still one of the most under the radar and therefore undervalued plays in a multi hundred billion dollar life saving market.

cdttedgreqdh

I just asked chatgpt: Hyperscalers (AWS, Microsoft Azure, Google Cloud, sometimes Meta) are famous for building a lot of their own hardware and infrastructure — from servers and storage, to networking gear, and even custom silicon (e.g. AWS Graviton, Google TPU). So, why would they rely on Oracle (OCI, Exadata, Oracle Database) instead of just doing it themselves when it comes to certain workloads and datacenter buildouts? ⸻ 🔹 Main Reasons 1. Enterprise Lock-In & Oracle Database Dominance • Oracle’s database technology remains deeply entrenched in mission-critical enterprise applications: finance, telecom, manufacturing, ERP (SAP often sits on Oracle DB in older deployments). • These workloads can’t easily be replatformed — too costly, too risky, too regulated. • Hyperscalers partner with Oracle because many of their enterprise customers require Oracle databases to “just work” in the cloud. • Without Oracle-certified infrastructure, those customers would simply stay on-prem. 👉 Example: Azure and Oracle’s partnership (2023 onward) integrates Oracle Database@Azure, letting Microsoft customers run Oracle workloads directly in Azure without migration pain. ⸻ 2. Performance & Certification • Oracle’s Exadata hardware + software stack is highly optimized for Oracle DB. Hyperscalers can’t replicate it without Oracle’s IP. • Many regulated industries demand vendor certification: only Oracle can guarantee compliance, support, and performance SLAs for Oracle workloads. • Hyperscalers could “roll their own,” but customers wouldn’t get Oracle’s backing — and enterprises won’t risk running critical financial databases without official certification. ⸻ 3. Economics & Focus • Building datacenter infrastructure for general compute is one thing; replicating Oracle’s decades of R&D in databases and vertical-specific tuning would be massively inefficient. • Hyperscalers earn more by focusing on elastic compute, AI infrastructure, and platform services rather than re-inventing Oracle’s wheel. • By partnering, hyperscalers monetize Oracle workloads indirectly: customers bring them to cloud (compute, networking, storage revenue) instead of leaving them on-prem. ⸻ 4. Customer Acquisition & Retention • Enterprise CIOs often say: “We’ll only move to cloud if we can bring Oracle workloads with us.” • Hyperscalers don’t want to lose that business to Oracle’s own cloud (OCI). • So, rather than competing head-on, AWS/Azure/GCP integrate Oracle where necessary to avoid blocking cloud migration projects. • Example: Oracle and Microsoft’s deal basically makes Azure a front-end for Oracle’s DBaaS — both sides win customers they’d otherwise lose. ⸻ 5. Regulatory & Compliance Pressures • Banking, government, healthcare often require certified Oracle stacks for auditability. • Hyperscalers can’t “DIY” and still meet those requirements. • Oracle’s certifications are a moat that forces collaboration. ⸻ 🔹 Analogy Think of Oracle in hyperscaler datacenters like Visa/Mastercard in payments: • Hyperscalers could build their own financial rails, but enterprises already rely on Visa. • It’s cheaper and less risky to partner with the entrenched incumbent than to try to rip-and-replace a global standard. ⸻ 🔹 Bottom Line Hyperscalers use Oracle in datacenter buildouts not because they can’t build alternatives, but because: • Enterprises are locked into Oracle databases, • Performance/certification can’t be replicated without Oracle, • Partnerships accelerate cloud adoption, • And it’s economically rational to cooperate rather than fight. ⸻ ⚡ Fun fact: This dynamic is why Oracle has managed to grow OCI (Oracle Cloud Infrastructure) surprisingly fast despite being much smaller than AWS/Azure/GCP — because hyperscalers need Oracle workloads to move to cloud.

Ancient-Stock-3261

SNPS actually dropped closer to 35% today after missing on Q3 earnings and cutting guidance, not just 30%. The core EDA business is solid, but the IP side and weak outlook are what spooked the market. Personally, I’d let this settle and build a base before thinking about buying the dip.

Atrain4315

don't think so. They have near irreplaceable IP in the AI space that's indispensable for the whole ecosystem

I_Own_A_Fedora_AMA

AVGO is now worth 1.6 BRKs. All this for some circuit diagrams. IP law is really crazy yo

TAKINAS_INNOVATION

Also they’re the only ones really innovating in the media space. Legacy media is too timid with original IP. Like how Sony sold the rights of KPop Demon hunters to them.

Jsalz

The current market cap is less than the sum of its parts when you add up the Ligado spectrum rights, patents, IP, manufacturing facilities, 1.5 billion in cash, components, etc. If the company imploded tomorrow (it won’t) it would get bought out by SpaceX, Google, or Amazon for more than 13 billion. It’s absolutley not priced to perfection. But I agree with you completely they need to start launching satellites consistently. Unfortunately they are at the mercy of SpaceX and ISRO until Blue Origin can ramp up.

MidwayTrades

I used to use Nord, I’ve been using Mullvad for a few years now. Although I don’t think I needed to come from a US IP to use TOS. But your mileage may vary.

type_error

companies with the most AI patents: 1. Tencent 2. Baidu 3. Alibaba 4. IBM (stale?) 5. Microsoft (mostly clippy) 6. Google Now, since China doesn’t respect IP, will it even matter what patents they have? IBM Watson is stale AF I think Google has the most valuable patents even though they are #6. Plus they got chad god Demis Hassabis

kipperzdog

Yeah, last new tech was folding phones. Though now that there's one with IP68, they may soon start to become more popular. The next big jump will be figuring out better protection for the inner screen

isospeedrix

Bed bath and beyond: goes bankrupt IP Gets bought by overstock, becomes online only Ticker changed to BYON, company renamed to Beyond inc. Ticker changed back to BBBY, opens up physical stores again Can’t make this shit up

Pristine_Hurry_4693

My pleasure, you should know they already have: - FDA breakthrough device designation - FDA TAP program inclusion - FDA MDSAP certification - FDA IDE’s for several cancers - FDA trials (multiple) at phase 2 and 3 - Financial runway beyond commercialization - 2 manufacturing factories built and a 3rd and largest being built in the US - 100% tumor response rate in early FDA trials - Could treat high unmet needs cancers like Pancreatic, Lungs, Brain, Breast, etc… - Activates immune system response - 50+ clinical sites worldwide (including USA, UK, Canada, France, Germany, Russia, etc…) - Patents, IP and more… Along with the expected PMDA approval and other clinical results Best of luck!

Commercial_Deer_7114

China is a terrible example. China has a slave population essentially, from which the state extorts most capital. They combine their slave workforce with stolen IP and some joint ventures with western firms, add a dose of highly educated workers (who by the way all move to the west the second they are able to). Then take this capital and add the highest leverage values in the world to overinvest in production. It doesnt work as an economic model, it would have never started to work unless they got tech transfer from the west in exchage for cheap labour. And soon it will stop to work due to leverage issues. You seem to think that if a government just decides to spend someone elses money, magically stuff appears. It does not work like that. OpenAI, CRISPR, Google and any other cutting edge technology is the result of individual genius in a privately owned setting achieving great things. No politician woke up and said "hey lets develop gene editing or semantic search models. And in Europe, we destroy all the possibilities for brilliant individuals to achieve what they could. Thats why all new European firms go to the US as soon as they can.

Beneficial-Ferret479

I agree. I find it amazing that Broadcom has a custom chip deal with Open AI and the analyst come out screaming that AMD will have more competition. So some downgraded it. So, when it was $180 in August, they didn't have competition then? AMD seems to get some major manipulation in my opinion. They currently have one of the best CEO's in the tech world and new AI chips coming out that compete with NVDA at better prices. And have picked some big contracts along the way. I still remember these same analysts were screaming and crying about Intel back in the day "AMD cant compete against Intel, they will never make it the chip business", *look what happened.* AMD has more IP than ANY tech company when it comes to GPU/CPU! I think Lisa Su deserves a little more respect! You got NVDA and AMD as the main guys in this Business. AMD seems like a fair price to **me.**

sibeliusfan

What the fuck did you just fucking say about me, you little bitch? I’ll have you know I graduated top of my class in the Navy Seals, and I’ve been involved in numerous secret raids on Al-Quaeda, and I have over 300 confirmed kills. I am trained in gorilla warfare and I’m the top sniper in the entire US armed forces. You are nothing to me but just another target. I will wipe you the fuck out with precision the likes of which has never been seen before on this Earth, mark my fucking words. You think you can get away with saying that shit to me over the Internet? Think again, fucker. As we speak I am contacting my secret network of spies across the USA and your IP is being traced right now so you better prepare for the storm, maggot. The storm that wipes out the pathetic little thing you call your “life”. You’re fucking dead, kid. I can be anywhere, anytime, and I can kill you in over seven hundred ways, and that’s just with my bare hands. Not only am I extensively trained in unarmed combat, but I have access to the entire arsenal of the United States Marine Corps and I will use it to its full extent to wipe your miserable ass off the face of the continent, you little shit. If only you could have known what unholy retribution your little “clever” comment was about to bring down upon you, maybe you would have held your fucking tongue. But you couldn’t, you didn’t, and now you’re paying the price, you goddamn idiot. I will shit fury all over you and you will drown in it. You’re fucking dead, kiddo.

TalkingTajik

Video game stocks are notoriously volatile, especially the smaller cap ones. I've done really well investing in Japanese companies like Capcom, Konami, Sega, etc. Ubisoft is a strange one. There's always been some talk of Tencent simply buying them out but the Guillemot brothers don't want to cede control. Instead, they created a new company that now holds the IP of some of Ubisoft's most successful franchises. Tencent took a 25% stake I assume the other 75% is Ubisoft or if Guillemot Brothers Limited is also involved. In shit, while there is certainly value, it's now more complicated to understand what you're buying when you purchase Ubisoft. The market is probably disappointed that Tencent simply did not aquire the whole company. For gaming companies, I see two drivers of value: IP (especially if it can be adapted for other media) and staff. Companies like Nintendo know this and value both their franchises and staff, which lead to consistently great quality. Ubisoft and other western publishers are not great at staff retention and now the IP story is convulouted. https://www.cnbc.com/2025/03/27/ubisoft-spins-out-new-gaming-subsidiary-tencent-to-take-stake.html

SlyCooper007

Because they’re moving the best IP to a new company under tencent and leaving all the old useless IP at Ubisoft. I wouldn’t touch their stock with a 10 foot pole connected to a 10 foot pole connected to another 10 foot pole.

Albertpm95

It's not odd, as you were told last week. Everything Ubisoft has produced in the last decade and a half is mediocre. When they produced something good they closed that studio. Instead of evolving into something better it has evolved into something worse. Direction can't be changed because it's family owned. They have had a lot of internal issues, they have too many employees and the best of them probably left. And they planned to create a new company and move IP/assets to the new one, which probably wouldn't be public (i don't even know how legal this would be) and share ownership with Tencent

DirectFinance3044

The UK government recently bought assets (basically IP) from Vesarien, who were developing graphene materials, in order to stop Chinese investors getting their hands on it. These materials have potential military applications. MoD were testing it not so long back. [https://www.reuters.com/sustainability/boards-policy-regulation/uk-blocks-versarien-asset-sale-chinese-linked-joint-venture-security-grounds-2025-08-20/](https://www.reuters.com/sustainability/boards-policy-regulation/uk-blocks-versarien-asset-sale-chinese-linked-joint-venture-security-grounds-2025-08-20/) The fact the the government was so keen to keep the IP away from the Chinese tells you it is potentially hot property. Apple are using it in their phones, too, which is very promising. It is still going to be a while before graphene production becomes profitable at industry scale, though, and there is always a chance it could be supplanted by new tech before it does.

Barlored

Such as taking a companies IP and accidentally making it all public? Because I could see that happening any moment

sigga_genesis

No, they use a second corporation, based in Ireland, that stores their IP. Then they license that IP back to Google for exorbitant amounts of money so they can decrease their tax bill in third countries, like the US.

CaineInKungFu

Do they have any patents or IP to sell?

Cl0wnbby

Facebook could buy them out still for any IP and just killing the company for market share.

TAKINAS_INNOVATION

Netflix since others have already said Google and Meta. Look Netflix is becoming global cable. They will continue to grow and will probably eventually hit 1 billion users. Advertising story is just getting started and once they ramp up ads. That will help boost their revenue even higher and advertising is a high margin business. Plus they’re expanding into merch, experiences and licensing deals with their IP. People think Netflix is a one trick pony with streaming. But I believe this is their Apple moment where they diversify into other revenue streams like how they did with services and wearables. Netflix has gotten big and they probably won’t double in a year or do crazy stuff like that anymore. But they’re a compounder and they’ll beat the market imo.

AIWanderer_AD

# 3. Valuation Analysis # Current Metrics (September 2024) |Metric|Value|Assessment| |:-|:-|:-| |**Stock Price**|HK$309.60|\-2.5% daily| |**Market Cap**|433B( 433*B*( HK 55B USD)|Premium| |**P/E Ratio**|55.7x (trailing)|Expensive| |**P/E Forward**|24.8x|More reasonable| |**Price/Sales**|16.9x|Very high| |**PEG Ratio**|0.54|Attractive growth| # Analyst Coverage * **DBS**: BUY, Target HK$368 (+19% upside) * **Nomura**: Raised target to HK372fromHK372*fromHK*330 * **Consensus**: HK$340.62 average target (+10% upside) # 4. Short-Term Catalysts & Risks # Potential Catalysts (Next 3-6 months) ✅ **Q3 Earnings** (Late October): Expected continued strong growth ✅ **Holiday Season**: Q4 traditionally strongest quarter for collectibles ✅ **New Product Launches**: Mini Labubu and expanded IP portfolio ✅ **US Market Expansion**: Growing presence in American retail chains # Key Risk Factors ⚠️ **Regulatory Scrutiny**: China criticized "blind box addiction" (6.6% stock drop in June) ⚠️ **Premium Valuation**: Limited margin of safety at current levels ⚠️ **Consumer Spending**: Potential slowdown in discretionary spending ⚠️ **Counterfeit Issues**: Growing problem with fake products

AIWanderer_AD

I was wondering if there's any short-term opportunity with PopMart so I asked AI to conduct this research for me. Hope it somehow helps. The charts cannot be pasted but the main points are all here. # Pop Mart International Group (9992.HK): Short-Term Trading Analysis *September 6, 2024* # Executive Summary Pop Mart presents a **mixed short-term opportunity** at current levels (\~HK$310). While the company demonstrates exceptional financial performance with 107% revenue growth and strong brand momentum, the stock trades at premium valuations (P/E \~55-106x) that limit near-term upside potential. Key catalysts include Q3 earnings (expected late October) and holiday season demand, but regulatory risks and valuation concerns warrant caution. # 1. Current Financial Performance & Momentum # Outstanding Q2 2024 Results * **Revenue**: HK$13.88B (+107% YoY, +64% QoQ) * **Net Income**: HK$4.57B (+107% YoY, +107% QoQ) * **EPS**: HK0.74vs.est.HK0.74*vs*.*est*.*HK*0.75 (+95% YoY) * **Guidance**: Management targets >HK20BrevenueforFY2024( 20*BrevenueforFY*2024( 4B USD) # Key Performance Drivers * **Labubu phenomenon**: Viral collectible driving 40%+ of overseas revenue * **International expansion**: Overseas revenue expected to grow from 39% to 69% by 2025 * **Premium margins**: Gross margins consistently above 60% # 2. Business Model Strengths & Competitive Position # Differentiated IP-Driven Model * **Artist partnerships**: 500+ exclusive artist collaborations * **Blind box innovation**: Created the collectibles boom in China * **Omnichannel distribution**: 2,000+ retail stores, 30,000+ vending machines globally # Market Leadership * **#1 position** in Chinese collectibles market * **Brand moat**: Strong customer loyalty and community engagement * **Scalable platform**: Asset-light model with high operating leverage #

Skurttish

Noooo you’re thinking of NVDA, my friend. KULR does not have completely finished IP ready to make money on a commercial level today. Therefore, there is work to be done, and money to be spent. That money should only be tied up in Bitcoin if crosses are appearing in the sky and Jesus is descending

TAKINAS_INNOVATION

AI is a double edged sword for most entertainment companies imo. They want to protect their legacy IP but also want the benefits of AI. But also copyright rules still need to be clarified here. It’s still a gray area and you have to prove to the courts that there was enough human interaction to claim copyright. Most entertainment companies will play it safe for now. Disney didn’t want to use AI because they were afraid some parts in the movie wouldn’t be theirs. That’s too big of a risk imo.

tachyonvelocity

It's interesting that they are suing AI, some of these big names can definitely benefit from lower costs of new media production. Of course they will try protect their legacy IP first.

TAKINAS_INNOVATION

An entertainment empire if they can execute well. Streaming will probably still make up the bulk of the products but will have a mixture of subscription and advertising revenue. Combined that with merchandise and experience being the easiest to probably get. These two are other revenue streams they could easily tap into to continue to grow. Other revenue streams including licensing their IP and gaming. Gaming is hard but if they can make a couple good gacha games. They could make some decent money in this realm.