NVIDIA's revenue doubles, beating expectations; is the AI trade narrative making a comeback?
[Prize Draw] Earnings season heats up! NVIDIA, Marvell Technology, PDD Holdings, Meituan, MINIMAX, and others report in a cluster—quick look at weekly results (Aug 24–28)
Hey, fellow investors~Entering this week, the focus of earnings season for HK and US stocks is expanding beyond platform leaders to AI chips, internet/tech, AI applications, new energy vehicles (NEVs), new consumption trends, the HK-listed chip supply chain, non-ferrous resources, as well as oil, pharmaceuticals, and power equipment. Which companies can support market expectations through business performance, orders, and ecosystem realization? Do your homework in advance!
AI Chip Theme: NVIDIA and Marvell Technology have different focuses
$NVIDIA (NVDA.US)$ NVIDIA will release its latest earnings before dawn on August 27 (Beijing Time). Beyond data center GPUs, NVIDIA continues to extend into automotive AI and open-source model stacks. The market is watching the deployment progress of its open-source inference models for autonomous driving, as well as how trillion-parameter open-source models further drive demand for AI infrastructure. For NVIDIA, the key highlight lies in whether models, autonomous driving, and robotics can form new ecosystem synergies beyond AI chips.
$NVIDIA (NVDA.US)$ NVIDIA will release its latest earnings before dawn on August 27 (Beijing Time). Beyond data center GPUs, NVIDIA continues to extend into automotive AI and open-source model stacks. The market is watching the deployment progress of its open-source inference models for autonomous driving, as well as how trillion-parameter open-source models further drive demand for AI infrastructure. For NVIDIA, the key highlight lies in whether models, autonomous driving, and robotics can form new ecosystem synergies beyond AI chips.
$Marvell Technology (MRVL.US)$ Marvell Technology will release its latest earnings before dawn on August 28 (Beijing Time). Marvell’s core business revolves around custom AI chips, high-speed interconnects, and data center solutions. Recently, it has expanded its AI memory and storage product portfolio to address memory capacity and bandwidth bottlenecks in AI inference scenarios. Key areas to track include progress with custom chip customers, the proportion of data center revenue, as well as the sampling and commercialization pace of related new products.
![[Brave]Hey, fellow investors~ Entering this week, the focus of earnings season for HK and US stocks is expanding beyond platform leaders to AI chips, internet/tech, AI applications, new energy vehicles (NEVs), new consumption trends, the HK-listed chip supply chain, non-ferrous resources, as well as oil, pharmaceuticals, and power equipment. Which companies can support market expectations through business performance, orders, and ecosystem realization? Do your homework in advance![Chuckle] AI Chip Theme: NVIDIA and Marvell Technology have different focuses $NVIDIA (NVDA.US)$ NVIDIA will release its latest earnings before dawn on August 27 (Beijing Time). Beyond data center GPUs, NVIDIA continues to extend into automotive AI and open-source model stacks. The market is watching the deployment progress of its open-source inference models for autonomous driving, as well as how trillion-parameter open-source models further drive demand for AI infrastructure. For NVIDIA, the key highlight lies in whether models, autonomous driving, and robotics can form new ecosystem synergies beyond AI chips.[Thinking Face] $Marvell Technology (MRVL.US)$ Marvell Technology will release its latest earnings before dawn on August 28 (Beijing Time). Marvell’s core business revolves around custom AI chips, high-speed interconnects, and data center solutions. Recently, it has expanded its AI memory and storage product portfolio to address memory capacity and bandwidth bottlenecks in AI inference scenarios. Key areas to track include progress with custom chip customers, the proportion of data center revenue, and related new...](https://nnqimage.futunn.com/sns_client_feed/999982/20260821/web-1787291124731-73tcPyclIa.jpeg/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
Three major tech-internet stocks are entering their earnings windows simultaneously: PDD Holdings, Bilibili, and Meituan.
$PDD Holdings (PDD.US)$PDD Holdings will release its latest financial report on August 24 (Beijing Time). As a multinational commercial group, the market will focus on the competitive resilience of its domestic e-commerce business, platform ecosystem, digitalization of agriculture and local communities, as well as the execution efficiency of its overseas operations. For PDD Holdings, the key is not just single-metric growth speed, but its ability to balance revenue structure, platform governance, and overseas investment.
$PDD Holdings (PDD.US)$PDD Holdings will release its latest financial report on August 24 (Beijing Time). As a multinational commercial group, the market will focus on the competitive resilience of its domestic e-commerce business, platform ecosystem, digitalization of agriculture and local communities, as well as the execution efficiency of its overseas operations. For PDD Holdings, the key is not just single-metric growth speed, but its ability to balance revenue structure, platform governance, and overseas investment.
$Bilibili (BILI.US)$$BILIBILI-W (09626.HK)$ Bilibili will release its latest financial report on August 27 (Beijing Time). Key focus areas include gaming, advertising, value-added services, and the boost AI provides to its content ecosystem, assessing whether it can maintain a relatively steady growth pace.$MEITUAN-W (03690.HK)$ Meituan will release its latest financial report on August 28 (Beijing Time). Investors need to observe the impact of instant retail and food delivery subsidies on profit margins, and whether industry subsidy competition is showing signs of marginal slowdown. For tech-internet stocks, this earnings season tests the operational quality of each platform amidst intensifying competition.
AI application sector: MiniMax, SenseTime, and Salesforce under simultaneous scrutiny
$MINIMAX-W (00100.HK)$MiniMax will release its latest financial report on August 26 (Beijing Time). As a company focused on general artificial intelligence, attention should be paid to its large model capabilities, progress in multimodal applications and commercial implementation, as well as user and order conversion for both consumer-facing (C-end) and business-facing (B-end) products.$SENSETIME-W (00020.HK)$The key highlights for SenseTime lie in the penetration of generative AI and large models across various industries, as well as the actual contributions from businesses such as smart vehicles and computing power infrastructure.
$Salesforce (CRM.US)$Salesforce will release its latest financial report on August 27 (Beijing Time). The market is focusing on changes in AI Agents, enterprise subscriptions, hybrid cloud, and software demand, particularly whether AI-related revenue can transition from concept to clearer revenue contribution.
$MINIMAX-W (00100.HK)$MiniMax will release its latest financial report on August 26 (Beijing Time). As a company focused on general artificial intelligence, attention should be paid to its large model capabilities, progress in multimodal applications and commercial implementation, as well as user and order conversion for both consumer-facing (C-end) and business-facing (B-end) products.$SENSETIME-W (00020.HK)$The key highlights for SenseTime lie in the penetration of generative AI and large models across various industries, as well as the actual contributions from businesses such as smart vehicles and computing power infrastructure.
$Salesforce (CRM.US)$Salesforce will release its latest financial report on August 27 (Beijing Time). The market is focusing on changes in AI Agents, enterprise subscriptions, hybrid cloud, and software demand, particularly whether AI-related revenue can transition from concept to clearer revenue contribution.
New Energy Vehicles (NEVs): XPeng, Li Auto, and BYD compete on operational quality.
$XPeng (XPEV.US)$$XPENG-W (09868.HK)$ XPeng will release its latest financial report on August 24 (Beijing Time). After achieving its first quarterly profit, XPeng plans to continue investing in its Physical AI layout. Key focuses include the sustainability of profitability, performance of intelligent driving and new vehicle models, and whether investments in Physical AI can open up new growth spaces.$Li Auto (LI.US)$$LI AUTO-W (02015.HK)$ Will release its latest financial report on August 26 (Beijing Time), focusing on the sales ramp-up, gross margin, and intelligent technology progress of its extended-range and pure electric product matrix.$BYD COMPANY (01211.HK)$ The latest financial report to be released on August 28 (Beijing Time) will require observation of scale effects, overseas expansion, breakthroughs in the premium brand segment, as well as the potential for external supply of batteries and intelligent solutions.
$XPeng (XPEV.US)$$XPENG-W (09868.HK)$ XPeng will release its latest financial report on August 24 (Beijing Time). After achieving its first quarterly profit, XPeng plans to continue investing in its Physical AI layout. Key focuses include the sustainability of profitability, performance of intelligent driving and new vehicle models, and whether investments in Physical AI can open up new growth spaces.$Li Auto (LI.US)$$LI AUTO-W (02015.HK)$ Will release its latest financial report on August 26 (Beijing Time), focusing on the sales ramp-up, gross margin, and intelligent technology progress of its extended-range and pure electric product matrix.$BYD COMPANY (01211.HK)$ The latest financial report to be released on August 28 (Beijing Time) will require observation of scale effects, overseas expansion, breakthroughs in the premium brand segment, as well as the potential for external supply of batteries and intelligent solutions.
New Consumption sector: Mingming Hen Mang, Laopu Gold, and Mixue Group each make their moves.
The New Consumption sector also had highlights during the week.$BUSYMING (01768.HK)$ Will release its latest financial report on August 24 (Beijing Time). As a new consumption brand in the mass-market snack sector, it is about to list on the HKEX. The market is focusing on its store model, supply chain efficiency, and franchise expansion capabilities.$LAOPU GOLD (06181.HK)$ Its strategies in ancient-method gold and high-end channels are drawing attention.$MIXUE GROUP (02097.HK)$Continues its growth trend, with key focus on penetration in lower-tier markets, supply chain capabilities, and overseas store expansion.
The New Consumption sector also had highlights during the week.$BUSYMING (01768.HK)$ Will release its latest financial report on August 24 (Beijing Time). As a new consumption brand in the mass-market snack sector, it is about to list on the HKEX. The market is focusing on its store model, supply chain efficiency, and franchise expansion capabilities.$LAOPU GOLD (06181.HK)$ Its strategies in ancient-method gold and high-end channels are drawing attention.$MIXUE GROUP (02097.HK)$Continues its growth trend, with key focus on penetration in lower-tier markets, supply chain capabilities, and overseas store expansion.
HKEX semiconductor industry chain: Montage Technology and Tianshu Zhixin, along with PCB concepts, are under scrutiny.
$MONTAGE TECH (06809.HK)$ In the field of memory interface chips, demand for AI and memory chips is the core driver. Pay attention to the volume growth of DDR5 memory interface and companion chips, PCIe Retimers, etc., in AI servers.$ILUVATAR COREX (09903.HK)$ Belongs to the domestic AI chip sector; focus on cloud training and inference products, localization of large model computing power, as well as customer adoption and commercialization progress. Regarding PCB concepts,$KINGBOARD HLDG (00148.HK)$ As a leader in copper-clad laminates (CCL) and build-up boards, the demand for high-speed, high-frequency materials from AI servers and communication equipment is a key focus.$CIG (06166.HK)$ 、 $VGT (02476.HK)$ Also part of the high-speed interconnect/PCB chain, watch for the demand pull from AI computing power on high-end PCBs, optical modules, and high-speed cards.
$MONTAGE TECH (06809.HK)$ In the field of memory interface chips, demand for AI and memory chips is the core driver. Pay attention to the volume growth of DDR5 memory interface and companion chips, PCIe Retimers, etc., in AI servers.$ILUVATAR COREX (09903.HK)$ Belongs to the domestic AI chip sector; focus on cloud training and inference products, localization of large model computing power, as well as customer adoption and commercialization progress. Regarding PCB concepts,$KINGBOARD HLDG (00148.HK)$ As a leader in copper-clad laminates (CCL) and build-up boards, the demand for high-speed, high-frequency materials from AI servers and communication equipment is a key focus.$CIG (06166.HK)$ 、 $VGT (02476.HK)$ Also part of the high-speed interconnect/PCB chain, watch for the demand pull from AI computing power on high-end PCBs, optical modules, and high-speed cards.
Non-ferrous resources: Tianqi Lithium, Ganfeng Lithium, and Jiangxi Copper are focusing on changes in market sentiment.
$TIANQI LITHIUM (09696.HK)$Key areas of attention include the stabilization of lithium prices, cost control, and the sustainability of earnings recovery.$GANFENGLITHIUM (01772.HK)$ Continue to strengthen integrated upstream resource布局; progress in salt lake cooperation is a direction watched by the market.$JIANGXI COPPER (00358.HK)$ Focus on the copper price environment, mine output, smelting treatment charges (TC/RCs), and cost control, while observing supply and demand changes in the copper industry chain.
$TIANQI LITHIUM (09696.HK)$Key areas of attention include the stabilization of lithium prices, cost control, and the sustainability of earnings recovery.$GANFENGLITHIUM (01772.HK)$ Continue to strengthen integrated upstream resource布局; progress in salt lake cooperation is a direction watched by the market.$JIANGXI COPPER (00358.HK)$ Focus on the copper price environment, mine output, smelting treatment charges (TC/RCs), and cost control, while observing supply and demand changes in the copper industry chain.
Where tradition meets innovation: oil, innovative drugs, and power equipment each face their own challenges.
In the oil stock sector, $CNOOC (00883.HK)$ focus on upstream production, per-barrel oil costs, capital expenditure, and the oil price environment; $PETROCHINA (00857.HK)$ while also focusing on the synergy between upstream exploration and development, refining and chemical processing, natural gas sales, and the transition to new energy.
Innovative drugs sector: $WUXI BIO (02269.HK)$ Key highlights include new orders, pipeline progress, global capacity utilization, and gross margin recovery, reflecting the prosperity of the innovative drug outsourcing supply chain.
Power equipment sector:$DONGFANG ELEC (01072.HK)$ 、$HARBIN ELECTRIC (01133.HK)$ As a leader in traditional power equipment, the core focus is on demand for thermal, hydro, nuclear, and wind power equipment, as well as order fulfillment driven by the construction of new-type power systems.
In the oil stock sector, $CNOOC (00883.HK)$ focus on upstream production, per-barrel oil costs, capital expenditure, and the oil price environment; $PETROCHINA (00857.HK)$ while also focusing on the synergy between upstream exploration and development, refining and chemical processing, natural gas sales, and the transition to new energy.
Innovative drugs sector: $WUXI BIO (02269.HK)$ Key highlights include new orders, pipeline progress, global capacity utilization, and gross margin recovery, reflecting the prosperity of the innovative drug outsourcing supply chain.
Power equipment sector:$DONGFANG ELEC (01072.HK)$ 、$HARBIN ELECTRIC (01133.HK)$ As a leader in traditional power equipment, the core focus is on demand for thermal, hydro, nuclear, and wind power equipment, as well as order fulfillment driven by the construction of new-type power systems.
Earnings reports are concentrated this week. From AI chips and tech/internet to new energy vehicles and new consumption, plus Hong Kong-listed chip supply chains and resource sectors, several key themes offer continuous highlights, while traditional industries also take the stage. Which company's better-than-expected results are you most eager to see? Feel free to share your observations in the comments, and let's wait together for the earnings reveal!
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How can PDD Holdings break the deadlock in China's domestic e-commerce competition? Can MINIMAX's multimodal applications and commercialization progress exceed expectations? Is there a valid new narrative for NVIDIA beyond its AI chips? What is the pace of realization for Marvell Technology's AI infrastructure? How are Meituan's subsidy competition and margin recovery progressing? Which of these five companies is most likely to deliver results that beat expectations? Share your views in the comments to earn points!
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![[Brave]Hey, fellow investors~ Entering this week, the focus of earnings season for HK and US stocks is expanding beyond platform leaders to AI chips, internet/tech, AI applications, new energy vehicles (NEVs), new consumption trends, the HK-listed chip supply chain, non-ferrous resources, as well as oil, pharmaceuticals, and power equipment. Which companies can support market expectations through business performance, orders, and ecosystem realization? Do your homework in advance![Chuckle] AI Chip Theme: NVIDIA and Marvell Technology have different focuses $NVIDIA (NVDA.US)$ NVIDIA will release its latest earnings before dawn on August 27 (Beijing Time). Beyond data center GPUs, NVIDIA continues to extend into automotive AI and open-source model stacks. The market is watching the deployment progress of its open-source inference models for autonomous driving, as well as how trillion-parameter open-source models further drive demand for AI infrastructure. For NVIDIA, the key highlight lies in whether models, autonomous driving, and robotics can form new ecosystem synergies beyond AI chips.[Thinking Face] $Marvell Technology (MRVL.US)$ Marvell Technology will release its latest earnings before dawn on August 28 (Beijing Time). Marvell’s core business revolves around custom AI chips, high-speed interconnects, and data center solutions. Recently, it has expanded its AI memory and storage product portfolio to address memory capacity and bandwidth bottlenecks in AI inference scenarios. Key areas to track include progress with custom chip customers, the proportion of data center revenue, and related new...](https://nnqimage.futunn.com/sns_client_feed/999982/20260820/web-1787196719079-KN2UjZNWsr.webp/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
Futubull AI Get instant answers to your questions, use intelligent stock selection to target promising upward momentum, and analyze your holdings to seize opportunities and avoid risks!![[Brave]Hey, fellow investors~ Entering this week, the focus of earnings season for HK and US stocks is expanding beyond platform leaders to AI chips, internet/tech, AI applications, new energy vehicles (NEVs), new consumption trends, the HK-listed chip supply chain, non-ferrous resources, as well as oil, pharmaceuticals, and power equipment. Which companies can support market expectations through business performance, orders, and ecosystem realization? Do your homework in advance![Chuckle] AI Chip Theme: NVIDIA and Marvell Technology have different focuses $NVIDIA (NVDA.US)$ NVIDIA will release its latest earnings before dawn on August 27 (Beijing Time). Beyond data center GPUs, NVIDIA continues to extend into automotive AI and open-source model stacks. The market is watching the deployment progress of its open-source inference models for autonomous driving, as well as how trillion-parameter open-source models further drive demand for AI infrastructure. For NVIDIA, the key highlight lies in whether models, autonomous driving, and robotics can form new ecosystem synergies beyond AI chips.[Thinking Face] $Marvell Technology (MRVL.US)$ Marvell Technology will release its latest earnings before dawn on August 28 (Beijing Time). Marvell’s core business revolves around custom AI chips, high-speed interconnects, and data center solutions. Recently, it has expanded its AI memory and storage product portfolio to address memory capacity and bandwidth bottlenecks in AI inference scenarios. Key areas to track include progress with custom chip customers, the proportion of data center revenue, and related new...](https://nnqimage.futunn.com/sns_client_feed/999982/20260820/web-1787196731398-3S6Q7XqyMH.webp/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
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