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Silver Ring Partners Restored a Small Position in Warner Brothers Discovery (WBD)

Silver Ring Value Partners, an investment management company, released its first quarter 2024 investor letter. A copy of the letter can be downloaded here. The strategy returned -23.5% (net) in the last 12 months compared to a 29.3% return for the Russell 3000 Index and 25.7% for the MSCI World Index during the same period. You can check the top 5 holdings of the fund to know its best picks in 2024.

Silver Ring Value Partners featured stocks like Warner Bros. Discovery, Inc. (NASDAQ:WBD) in the first quarter 2024 investor letter. Incorporated in 2008, Warner Bros. Discovery, Inc. (NASDAQ:WBD) is a media and entertainment company. On May 17, 2024, Warner Bros. Discovery, Inc. (NASDAQ:WBD) stock closed at $8.06 per share. One-month return of Warner Bros. Discovery, Inc. (NASDAQ:WBD) was -4.96%, and its shares lost 33.80% of their value over the last 52 weeks. Warner Bros. Discovery, Inc. (NASDAQ:WBD) has a market capitalization of $19.749 billion.

Silver Ring Value Partners stated the following regarding Warner Bros. Discovery, Inc. (NASDAQ:WBD) in its first quarter 2024 investor letter:

“Warner Bros. Discovery, Inc. (NASDAQ:WBD) is one of the most hated companies out there. I haven’t met many people familiar with it who haven’t mentioned something negative about the business or the CEO.

The negative sentiment isn’t unwarranted. The company did a large deal and promptly missed profitability targets. The secular pressure on its core cable networks business has been greater than anticipated and its fledgling streaming operation is far from reaching its long-term goals. In short, perhaps people feel badly about WBD because things are bad.

However, my experience has taught me that whenever you have an important business with unique and difficult to replicate assets, it’s important to not let pessimism overwhelm cold-blooded analysis. I have missed several opportunities in the past because I was too focused on legitimate negatives affecting the company and didn’t give enough weight to the parts of the business giving these companies value in excess of the market price…” (Click here to read the full text)

A movie theater auditorium filled with an audience enjoying a blockbuster film.

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 56 hedge fund portfolios held Warner Bros. Discovery, Inc. (NASDAQ:WBD) at the end of the fourth quarter which was 63 in the previous quarter.

In another article, we discussed Warner Bros. Discovery, Inc. (NASDAQ:WBD) and shared the list of most promising stocks to buy before they take off.  The average price target of Warner Bros. Discovery, Inc. (NASDAQ:WBD) is $13.61 according to 9 Wall Street analysts’ ratings. In addition, please check out our hedge fund investor letters Q1 2024 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

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