WiMi Hologram Cloud Inc (WIMI)

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WiMi Hologram Semi-annual Financial Report: Steady growth in performance, holographic ecological strategy promotes cross-cycle performance growth.

source
https://inf.news/en/economy/334dcd660ae5535e6439d51e65b76c00.html

2021-10-18 07:47 HKT

During the just past "October" holiday period, U.S. stock technology stocks staged dramatic volatility.

Recently, the three major U.S. stock indexes fell across the board, and large technology stocks fell across the board. For this wave of corrections in technology stocks, the market mainly interpreted it as concerns about the jump in U.S. bond interest rates and the debt ceiling that weakened market sentiment.

Analysts believe that there is no need to worry too much. Dan Ives, a technology analyst at Wedbush Securities, said that the pressure on technology stocks will be "short-lived" due to concerns about rising U.S. Treasury yields and growth stock valuations, and technology stocks are expected to rise by the end of 2021. 10%.

In a report to clients by Dan Ives, he said, “Although long-term shorts will continue to use 10-year Treasury bonds to appear 20 basis points to create anxiety, we will instead focus on the entire corporate and consumer ecosystem in the next few years. The US$2 trillion digital transformation opportunity will soon be ushered in the technology industry."

According to foreign media reports, the following technology stocks can be focused in the near future:
- Microsoft (MSFT),
- Cognizant (CTSH),
- NCR CORPORATION (NCR),
- VISA (V) and
- WiMi Hologram (WIMI).

Microsoft (MSFT.US)
It can be said that it is the first place in the industry. Although the outbreak of the coronavirus pandemic has instantly put all companies into a state of preparation, the company's business cloud and expanding profits still promote underestimated profit growth. And this technology giant is likely to set off a "password" revolution recently. According to foreign media reports, Microsoft announced that it will allow users to delete the passwords of Microsoft accounts and start the era of no password. This means that Microsoft users can delete the passwords of their accounts and log in through authentication. This time, the measures are for today In the Internet age, it must be able to cause a lot of disturbance and attention.

Returning to the value of Microsoft itself, although most analysts have a bullish rating on Microsoft, there are also analysts who predict that Microsoft's upside space is not large. Morgan Stanley said, "Compared with any time since its initial public offering in March 1986, Microsoft's today's expected growth rate and rising CPI inflation rate are overestimated."

Cognizant (CTSH.US)
Cognizant is a comprehensive technology solutions company with a diversified customer base. It is worth noting that Cognizant ranks 185th in the 2021 Fortune 500 list. It has also become one of the most respected companies in Fortune magazine for 12 consecutive years. From this point of view, Cognizant currently seems to be undervalued. However, competitive pressure from peers such as Accenture (ACN) may affect the company's revenue growth.

NCR CORPORATION(NCR.US)
The current stock price is $41.24 (as of October 11), and in the eyes of analysts, it belongs to a relatively undervalued technology stock. Morgan Stanley stated that NCR's retail and hotel business will drive its long-term growth, and the company's NCR as a service strategy and its focus on software and services will play a vital role in future growth. Therefore, the analyst believes that NCR's stock price is seriously undervalued, and it has a lot of upside potential.

VISA(V.US)
Although VISA has performed a bit poorly in the past 12 months because VISA has lagged far behind the broader stock market and credit services industry in the year-to-date and past 12 months. However, in the past six months, Wall Street's The consensus outlook has been greatly improved. Its consensus price target is 23% higher than the current stock price. This means that VISA has considerable upside and the market's outlook for the company has also changed from a bearish March to a slightly bullish outlook today.

WIMI.US (WIMI.US)
Analysts believe that WiMi Hologram is currently an extremely undervalued "meta universe" concept stock, and its performance in the first half of 2021 has excited Wall Street investors. The holographic meta-universe division was established not long ago to expand the application of holographic technology in meta-universe scenarios. Nowadays, WiMi Hologram, which has the reputation of "Meta universe holographic AR first stock", is in software technology (image detection, recognition, template matching, image dynamic fusion and replacement); in holographic applications (holographic animation, virtual live broadcast, virtual idol And virtual social networking) and holographic hardware are actively exploring and deploying to further expand the application of holographic technology in the meta universe; the most noteworthy thing is the amazing performance of WiMi Hologram's 2021 semi-annual report, and the financial report shows WiMi Holographic's total revenue increased by 202.2% year-on-year, net profit increased by 40.3% year-on-year; research and development expenses increased by 463.6% year-on-year.