CNBC's "Fast Money" Netflix’s Big Ad Warning, and Counting Down to ARM’s IPO 9/13/23
Sep 13, 2023
Netflix's ad tier not contributing to revenue, ARM's upcoming IPO, potential challenges for Netflix. Impact of writer strike and password sharing. Tech CEOs and lawmakers discuss AI regulation. Minimal impact of regulation on Nvidia. Analysis of CPI report and market reaction. Energy sector as an investment opportunity.
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ARM IPO Pricing
- ARM IPO priced at $51 per share, at the high end of its range, signaling strong demand.
- This implies a $4.9 billion offering size and a $54.5 billion fully diluted valuation.
ARM IPO Caution
- Be cautious about jumping into the ARM IPO right now due to the hype around semis and AI.
- Tech IPOs tend to pop initially but often recede, so consider waiting for a better entry point.
Netflix's Mixed Problem
- Netflix's ad tier hasn't significantly boosted revenues, and international growth brings lower revenue per member.
- This mix issue contributes to Netflix's current challenges despite its strong market position.