Earnings reports from Chinese tech stocks are stealing the show one after another! Which company do
[Prize] Tencent, Alibaba, JD.com, and SMIC all made appearances! Circle, the leading stablecoin company, faces a major test. Quick summary of the week’s performance (May 11-May 15).
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Hello fellow investors~
In the first week of May, market optimism for going long saw an increase. Driven by the AI computing power boom, sectors such as semiconductors, storage, and optical modules took turns to perform strongly. The US stock market reached another milestone:$S&P 500 Index (.SPX.US)$$Nasdaq Composite Index (.IXIC.US)$Hitting record highs for two consecutive days, while Hong Kong stocks$Hang Seng TECH Index (800700.HK)$After the May Day holiday, launched an up-and-down assault towards the 5000-point mark.
The core supporting this rally, in addition to the phased improvement in the macro environment,is that the profitability resilience of tech giants is continuously being priced into the market.Professor Li Huihui from EMLYON Business School defines this round of the rally as the 'second half of the profit-verification bull market,'as funds are shifting from mere AI stories to the real transmission of AI capital expenditures – in physical areas such as industry, power, optical communications, servers, and data centers.This week's standout stock performance and market reaction are fully showcasing this new pricing logic.
Professor Li Huihui from EMLYON Business School defines this round of the rally as the 'second half of the profit-verification bull market,'as funds are shifting from mere AI stories to the real transmission of AI capital expenditures – in physical areas such as industry, power, optical communications, servers, and data centers.This week's standout stock performance and market reaction are fully showcasing this new pricing logic.On one side is the hard logic of 'stock price surges upon earnings realization.' The rise in demand for CPUs driven by proxy AI,$Advanced Micro Devices (AMD.US)$After both earnings and Q2 guidance exceeded expectations, the share price surged nearly 19% in a single day, driving a comprehensive recovery in sentiment across the global AI chip and computing power industry chain.
On the other side is the valuation question of 'perfect data ≠ stock price increase'.$Palantir (PLTR.US)$Q1 revenue increased 85% year-over-year, and the full-year revenue guidance was raised. However, the stock price fell after the earnings release. The market believes the core reason is that the forward P/E ratio has reached as high as 108x, with growth expectations for the next four to five years already priced in. This also sets an important reference point for upcoming high-valuation SaaS stocks like...$Figma Inc (FIG.US)$...At the current valuation level, good performance is a baseline; the magnitude of beats and future visibility will be key.
The momentum in the AI computing hardware segment continues to accelerate, while high-valuation software stocks are entering a 're-pricing of earnings guidance' game-theory window...In the coming week, earnings reports from Chinese tech stocks will officially kick off!The three giants Tencent, Alibaba, and JD.com will release their earnings reports, and their performance will directly influence the valuation sentiment of Hong Kong's tech sector.Can the Hang Seng Tech Index win the tug-of-war at the 5,000-point mark?
Can the Hang Seng Tech Index win the tug-of-war at the 5,000-point mark?May 12$JD.com (JD.US)$They will be the first to report results,The market is focused on the extent of loss reduction in new businesses such as food delivery, as well as whether daily necessities and platform service revenues can become the primary growth drivers.
On May 13, Tencent and Alibaba go head-to-head with their earnings releases!
$TENCENT (00700.HK)$According to a compilation of forecasts from five brokerages, Tencent’s Q1 net profit median is approximately RMB 56.5 billion, representing an 18% year-over-year increase. The market is closely watching for substantial progress in its AI business, particularly the competitiveness of its HunYuan large model, user adoption of WeChat’s AI assistant, and cloud business growth driven by AI demand. Video account advertising remains a core growth driver, but the market is also wary of how AI investments might impact short-term profitability.
This quarter,$BABA-W (09988.HK)$JPMorgan considers the earnings report as potentially 'redefining market observation metrics' crucial. The market expects Alibaba Cloud’s growth rate to approach 40%, with the MaaS (Model as a Service) strategy becoming the budding second growth curve for the medium to long term. Data shows that the Qwen large model has significantly taken the lead in token usage market share in China. Regarding immediate retail businesses such as Taobao Flash Purchase, the loss reduction roadmap previously provided by management, combined with analysts’ predictions of narrowing losses on a quarter-by-quarter basis, will directly influence capital’s judgment on the valuation model recovery for Alibaba’s ecosystem.
SMIC and HuaHong deliver their reports together
A critical juncture approaches for Hong Kong-listed semiconductor companies,$SMIC (00981.HK)$with$HUA HONG SEMI (01347.HK)$Two leading foundries are set to present their results simultaneously on May 14!
Citi's report highlights that China’s demand for semiconductor localization and AI-driven business opportunities will support the growth prospects of these two companies. The bank raised its target price for SMIC from 53 to 75 yuan, maintaining a 'Neutral' rating, and increased Huahong Semiconductor’s target price from 105 to 115 yuan with a 'Buy' rating.Focus on capacity utilization rates, progress in advanced process technologies, and changes in customer mix amid the geopolitical environment.
In addition, in the field of new energy vehicles$LEAPMOTOR (09863.HK)$, autonomous driving companies$WERIDE-W (00800.HK)$, as well as leading online music platforms$TME-SW (01698.HK)$will also disclose their earnings. The competitive landscape and profitability paths of their respective sectors are worth paying attention to.
![[Gift]This article is suitable for commenting & liking.[Heart]Participate in our earnings event and win points! Hello fellow investors~[Comfort] In the first week of May, market optimism for going long saw an increase. Driven by the AI computing power boom, sectors such as semiconductors, storage, and optical modules took turns to perform strongly. The US stock market reached another milestone:$S&P 500 Index (.SPX.US)$$Nasdaq Composite Index (.IXIC.US)$Hitting record highs for two consecutive days, while Hong Kong stocks$Hang Seng TECH Index (800700.HK)$After the May Day holiday, launched an up-and-down assault towards the 5000-point mark.[Awesome] The core supporting this rally, in addition to the phased improvement in the macro environment,is that the profitability resilience of tech giants is continuously being priced into the market.[Thinking Face]Professor Li Huihui from EMLYON Business School defines this round of the rally as the 'second half of the profit-verification bull market,'as funds are shifting from mere AI stories to the real transmission of AI capital expenditures – in physical areas such as industry, power, optical communications, servers, and data centers.This week's standout stock performance and market reaction are fully showcasing this new pricing logic. On one side is the hard logic of 'stock price surges upon earnings realization.' The rise in demand for CPUs driven by proxy AI,$Advanced Micro Devices (AMD.US)$After both earnings and Q2 guidance exceeded expectations, the share price surged nearly 19% in a single day, driving a comprehensive recovery in sentiment across the global AI chip and computing power industry chain. On the other hand, it’s 'perfect...](https://nnqimage.futunn.com/sns_client_feed/999982/20260508/web-1778235050944-JVqLLuSiff.png/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
Turning our sights to US stocks, the stablecoin leader$Circle (CRCL.US)$will announce its earnings pre-market on May 11 (Monday).With the recovery of USDC scale, the improvement in risk appetite in the crypto market, and better regulatory expectations, what changes will there be in its performance?In the shifting landscape of old and new cloud computing players,$NEBIUS (NBIS.US)$its performance has also drawn significant attention,Their capital expenditure plans and conversion of customer prepayments will be key indicators to assess whether they can sustain their ambitious expansion plans.
With the recovery of USDC scale, the improvement in risk appetite in the crypto market, and better regulatory expectations, what changes will there be in its performance?In the shifting landscape of old and new cloud computing players,$NEBIUS (NBIS.US)$its performance has also drawn significant attention,Their capital expenditure plans and conversion of customer prepayments will be key indicators to assess whether they can sustain their ambitious expansion plans.The performance in emerging sectors carries a long-term narrative that goes far beyond the data itself; next week, several cutting-edge technology companies will step into the spotlight.$D-Wave Quantum (QBTS.US)$As a representative of the quantum computing sector, its performance will reflect the commercial progress of this cutting-edge technology. $Oklo Inc (OKLO.US)$This small modular nuclear reactor company, which has obtained site permits for a U.S. Department of Energy commercial advanced fission plant, is being valued by the market with a very forward-looking approach, depending crucially on when it can bridge the gap between technological regulation and commercial operation.
Commercial aerospace sector$Rocket Lab (RKLB.US)$This week, they have already delivered impressive results: Q1 revenue exceeded $200 million for the first time, securing major orders such as the 'Golden Dome,' with a backlog of orders reaching $2.2 billion; the stock price surged over 34% in a single day.With both earnings and orders materializing, next week$AST SpaceMobile (ASTS.US)$Can it bring similar surprises?
With both earnings and orders materializing, next week$AST SpaceMobile (ASTS.US)$Can it bring similar surprises?Popular stocks like HIMS, Sea, Applied Materials, and Cisco will also face scrutiny from the market one after another. 👇
$Hims & Hers Health (HIMS.US)$Whether profitability can continue to improve this quarter is a key focus for investors;$Applied Materials (AMAT.US)$ The previous quarterly revenue guidance was as high as $7.65 billion, far exceeding Wall Street expectations. Whether demand for its HBM equipment can continue to surpass expectations will directly validate the strength of AI capital expenditure implementation on the equipment side;$Cisco (CSCO.US)$After raising its full-year guidance, the market will closely monitor the accumulation speed of orders for its AI networking equipment.
📞 [Earnings Live Preview]
📺 Exclusive presentation in the Futubull community:Tencent and Alibaba Earnings Callswill be broadcast live simultaneously in the Futubull community with real-time interpretation. Fellow investors are welcome to make reservations to watch! 👇👇
A lineup of star stocks is set to release their results! How can you not miss the excitement?Click to learn more about corporate earnings announcement schedules:More earnings calendar
Click to learn more about corporate earnings announcement schedules:More earnings calendar[Interactive Giveaway]What do fellow investors think about how the companies releasing earnings next week will perform? Join the prediction and win 66 points!
(Note: You'll receive a reward as long as the selected stock rises on its first day; points will be distributed uniformly after the Q1 earnings season ends, with the first-day rise based on Beijing time.)
Earnings season is upon us, have you made your moves?Feel free to share your thoughts in the comments section!‘Earnings Express’ - AI insights into key points; build an options strategy in three steps!![[Gift]This article is suitable for commenting & liking.[Heart]Participate in our earnings event and win points! Hello fellow investors~[Comfort] In the first week of May, market optimism for going long saw an increase. Driven by the AI computing power boom, sectors such as semiconductors, storage, and optical modules took turns to perform strongly. The US stock market reached another milestone:$S&P 500 Index (.SPX.US)$$Nasdaq Composite Index (.IXIC.US)$Hitting record highs for two consecutive days, while Hong Kong stocks$Hang Seng TECH Index (800700.HK)$After the May Day holiday, launched an up-and-down assault towards the 5000-point mark.[Awesome] The core supporting this rally, in addition to the phased improvement in the macro environment,is that the profitability resilience of tech giants is continuously being priced into the market.[Thinking Face]Professor Li Huihui from EMLYON Business School defines this round of the rally as the 'second half of the profit-verification bull market,'as funds are shifting from mere AI stories to the real transmission of AI capital expenditures – in physical areas such as industry, power, optical communications, servers, and data centers.This week's standout stock performance and market reaction are fully showcasing this new pricing logic. On one side is the hard logic of 'stock price surges upon earnings realization.' The rise in demand for CPUs driven by proxy AI,$Advanced Micro Devices (AMD.US)$After both earnings and Q2 guidance exceeded expectations, the share price surged nearly 19% in a single day, driving a comprehensive recovery in sentiment across the global AI chip and computing power industry chain. On the other hand, it’s 'perfect...](https://nnqimage.futunn.com/sns_client_feed/999982/20260508/web-1778233190316-7WbvcIhEFr.png/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
Futubull AI Instant answers to resolve doubts, smart stock selection to lock in potential uptrends, portfolio analysis to seize opportunities and avoid risks!![[Gift]This article is suitable for commenting & liking.[Heart]Participate in our earnings event and win points! Hello fellow investors~[Comfort] In the first week of May, market optimism for going long saw an increase. Driven by the AI computing power boom, sectors such as semiconductors, storage, and optical modules took turns to perform strongly. The US stock market reached another milestone:$S&P 500 Index (.SPX.US)$$Nasdaq Composite Index (.IXIC.US)$Hitting record highs for two consecutive days, while Hong Kong stocks$Hang Seng TECH Index (800700.HK)$After the May Day holiday, launched an up-and-down assault towards the 5000-point mark.[Awesome] The core supporting this rally, in addition to the phased improvement in the macro environment,is that the profitability resilience of tech giants is continuously being priced into the market.[Thinking Face]Professor Li Huihui from EMLYON Business School defines this round of the rally as the 'second half of the profit-verification bull market,'as funds are shifting from mere AI stories to the real transmission of AI capital expenditures – in physical areas such as industry, power, optical communications, servers, and data centers.This week's standout stock performance and market reaction are fully showcasing this new pricing logic. On one side is the hard logic of 'stock price surges upon earnings realization.' The rise in demand for CPUs driven by proxy AI,$Advanced Micro Devices (AMD.US)$After both earnings and Q2 guidance exceeded expectations, the share price surged nearly 19% in a single day, driving a comprehensive recovery in sentiment across the global AI chip and computing power industry chain. On the other hand, it’s 'perfect...](https://nnqimage.futunn.com/sns_client_feed/999982/20260508/web-1778233215836-P5YmsjNRQx.jpeg/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
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