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The Q1 2026 earnings disclosure season is now drawing to a close,Against the backdrop of AI-driven compute frenzy and U.S. equity indices repeatedly hitting all-time highs, Wall Street’s standards for judging earnings have become increasingly stringent.：Beating expectations is no longer a surprise—the real benchmark now is whether the magnitude of the beat can satisfy the market’s enormous appetite.
This week’s post-earnings stock performance of three AI-related companies offers a clear glimpse: $Broadcom (AVGO.US)$A single-day plunge of over 12% after AI guidance fell short of the market’s 'frenzied expectations', $Credo Technology (CRDO.US)$Revenue doubled, yet the stock was heavily sold off due to declining gross margin guidance, $Ciena (CIEN.US)$Earnings beat expectations, but the limited upside surprise triggered a sharp sell-off.
Stripping away the noise of profit-taking in the market, has the AI fundamental outlook truly weakened?At this delicate and critical sentiment juncture, next week’s earnings season will culminate with tech giants $Oracle (ORCL.US)$and $Adobe (ADBE.US)$taking center stage!As AI infrastructure reaches a certain level of maturity, can the monetization power driven by compute capacity successfully flow through to software applications, traditional infrastructure, and even new energy end markets? Fellow investors, are you looking forward to their performance? 👇
Oracle: With OCI cloud compute capacity expansion, can RPO continue to surge?
Oracle will report earnings after the U.S. market close on June 10....

Hello, fellow investors
This week, the tech world’s attention is focused on the bustling COMPUTEX Taipei. $NVIDIA (NVDA.US)$CEO Jensen Huang’s major keynote on the Rubin platform and the AI PC chip 'RTX Spark' continues to reverberate.Meanwhile, on another front, the semiconductor giant—widely seen as 'the second main thread beyond NVIDIA' $Broadcom (AVGO.US)$is also about to reach its own pivotal moment!
After U.S. market hours on Wednesday (June 3), Broadcom will report its Q2 FY2026 earnings. Analysts expect revenue of $22.112 billion, up 47.38% year-over-year, and EPS of $1.725, a 67.49% annual increase.
Ahead of the earnings release, Broadcom’s stock has already shown significant volatility.As of the May 29 close, Broadcom shares traded at $446.77, up over 7% in the past week and briefly hitting an all-time high of $448.90 during the session.Since May, Citi raised its price target to $500 and reaffirmed Broadcom as its top pick in the semiconductor sector for 2026, while firms like Susquehanna and Aletheia Capital have also substantially lifted their price targets.This wave of optimism, coupled with sky-high earnings expectations, makes the upcoming results especially critical.
Similarly, market divergence has been amplified at this crucial juncture. On the surface, Broadcom appears perfectly positioned in AI...

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Hi, fellow investors
At the start of this week, the global memory chip industry reached a milestone: $Micron Technology (MU.US)$ $SK Hynix (000660.KR)$Both companies’ market caps surpassed $1 trillion, $Samsung Electronics (005930.KR)$joining together to form the 'Trillion-Dollar Memory Trio'!The AI computing infrastructure sector is riding a strong upward wave, yet Chinese ADRs have delivered a bittersweet earnings performance. $XIAOMI-W (01810.HK)$、 $PDD Holdings (PDD.US)$、 $KUAISHOU-W (01024.HK)$、 $XPeng (XPEV.US)$、 $Li Auto (LI.US)$Multiple high-profile companies reported results simultaneously,with mixed earnings amid challenges balancing growth and profitability, leading to sharp divergence in stock prices.Hong Kong stock market $Hang Seng Index (800000.HK)$Weekly charts show resistance, but chip stocks surged against the broader trend during the week, delivering standout performance, boosted by Huawei's 'Tao's Law' semiconductor technology breakthrough.
May's market action is drawing to a close, and the investment calendar for June is unfolding steadily.The Q1 earnings season is also nearing its end, and next week two major players—Hong Kong-listed stocks $MEITUAN-W (03690.HK)$and U.S.-listed stocks $Broadcom (AVGO.US)$—will both be capable of significantly moving the markets...

Following Tencent and Alibaba’s earnings releases, this week brings an intense wave of reports—May 26 $XIAOMI-W (01810.HK)$takes the stage first, May 27 $KUAISHOU-W (01024.HK)$ and $PDD Holdings (PDD.US)$sees a double release, $MEITUAN-W (03690.HK)$Following closely, earnings will be released on June 1. Combined, these four companies span four core segments—smart hardware, short-video e-commerce, lower-tier consumer markets, and local services—offering a panoramic view of the China-concept ecosystem!
If the central tension in the previous round of BAT earnings was 'AI spending versus profit resilience,' this week’s theme is 'strategic retreat to advance'—nearly every company is willingly enduring short-term pain to achieve structural upgrades. Xiaomiis cutting low-end smartphones to protect margins,Kuaishouis investing heavily in computing power to nurture its AI capabilities., PDD Holdings under the new regulatory normalis seeking new anchors for growth... The market no longer focuses solely on revenue growth rates, but instead asks:Whose 'retreat' can truly pave the way for 'advance'? Whose strategic investments are closest to yielding returns?
Xiaomi: Q1 may bring pressure, but EVs and AI underpin a new narrative
$XIAOMI-W (01810.HK)$ will release its Q1 2026 earnings tomorrow (May 26). Frankly speaking, this is likely to bea quarterly report with "unappealing" numbers but sound underlying logic.
Overall expectations: both revenue and profit are expected to decline, but the reasons behind the figures matter more than the numbers themselves
Bloomberg consensus estimates show Xiaomi's Q1 revenue at approximately RMB 10 billion...

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Hello fellow investors~
Over the past few trading sessions, global market sentiment has turned cautious overall.Although the AI and semiconductor sectors remain structural bright spots,tech stocks that had previously rallied significantly came under noticeable pressure amid stickier-than-expected inflation, rising U.S. Treasury yields, and ongoing geopolitical tensions.Investor confidence in the near-term market outlook has weakened somewhat, leading to a choppy market trend.
Amid this macro volatility, NVIDIA’s earnings this week—dubbed 'the village’s last hope'—amplified this ambivalent sentiment.In the early hours of May 21, $NVIDIA (NVDA.US)$NVIDIA delivered an impeccable report: both revenue and profit hit record highs, it provided a staggering $91 billion revenue guidance for next quarter, and announced a massive $80 billion share buyback.
However, the stock price dipped slightly on the first trading day after earnings.This is because the market has grown accustomed to pricing NVIDIA’s future based on 'beating expectations,' and any imperfection is magnified in interpretation.But as CEO Jensen Huang stated during the earnings call,demand is growing exponentially, Vera Rubin supercomputing chips will begin shipping in the second half of fiscal year 2027 with tight supply expected throughout their entire lifecycle, and NVIDIA’s CPUs have officially entered markets it had never previously addressed.This AI computing power leader is transforming from a chipmaker into a platform-level infrastructure player, and institutional support remains widespread, with CLSA reiterating its...

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What is the ultimate ceiling for tech stocks? Is it $2 trillion? $3 trillion? Or even $5 trillion? Numbers once considered unattainable now sit in NVIDIA’s rearview mirror. Ever since securing its throne as the 'world’s most valuable stock,' NVIDIA’s only true rival has been itself.More precisely, it’s the earnings report NVIDIA delivers to the market.
Dear fellow investors, $NVIDIA (NVDA.US)$It will release its Q1 FY2027 earnings after U.S. market hours on Wednesday, May 20!The market is closely watching whether it can inject fresh momentum into the global AI bull narrative. Ahead of this earnings release, market activity has already been intensifying:Last week alone, NVIDIA’s stock posted seven consecutive gains, briefly pushing its market cap above a record $5.7 trillion,leaving it less than 10% away from the $6 trillion milestone—an unprecedented peak no company has ever reached.
Interestingly, the closer it gets to this threshold, the more ambivalent the market becomes.Entering this week, NVIDIA's stock price has moderately pulled back from its recent highs, with its current market cap hovering around $5.38 trillion.From unstoppable momentum to volatile trading at elevated levels—is this a consolidation phase before another breakout, or a sign that upward momentum is running out?
Regarding this earnings report, the market widely expects NVIDIA to once again deliver an impressive result—beating expectations and raising guidance.
Institutions expect NVIDIA’s Q1 FY2027 (corresponding to calendar Q1 2026) to...

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Hello fellow investors~
As we reach mid-May,This week’s market trading focused on expectations surrounding Trump's visit to China and a temporary easing in US-China relations.The wave of AI computing power continues to drive U.S. stock indices $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$Upward. Hong Kong stocks, on the other hand, are showing a volatile consolidation trend. $Hang Seng TECH Index (800700.HK)$ amidst a flurry of earnings reports from Chinese tech stocks, which pushed the index above 5,200 points at one point during the week, ultimately closing at 4,941.14 points as market activity remained high.
Meanwhile, Fed Chair Powell is stepping down, the situation in the Middle East remains volatile, and concerns over energy supply persist...Amid the complex interplay of macro factors this week, how have individual stocks performed?
In the US stock market, $Oklo Inc (OKLO.US)$Net loss of $33.07 million in Q1 2026, with a per-share loss of $0.19; plans to complete the first commercial operation of the Aurora power plant by 2028. $Cisco (CSCO.US)$Earnings exceeded expectations, and layoffs allowed resources to be concentrated in strategic areas such as chips, optics, security, and AI applications, driving the stock price to soar to new highs.
As for Chinese concept stocks, $JD.com (JD.US)$First-quarter earnings exceeded expectations, with substantial improvement in profitability structure. JPMorgan noted that retail profit margins...

This week marks the start of a new earnings season for Chinese tech stocks. On May 12, $JD-SW (09618.HK)$the first report card was handed in, followed by May 13, $TENCENT (00700.HK)$and $BABA-W (09988.HK)$with two giants going head-to-head on the same day!
From the fierce competition in AI large model development to the battle over food delivery subsidies, from the rapid advancement in cloud services to the close combat in instant retail, these three giants collectively account for over 20% of the Hang Seng Tech Index's weighting. Meanwhile, $Hang Seng TECH Index (800700.HK)$after rebounding to above 5,100 points, it is now consolidating within a narrow range, quietly awaiting significant earnings catalysts for a breakout.
This catalyst likely lies at the heart of this round of earnings: The peak period of heavy AI spending has arrived, with capital expenditures visibly eroding short-term profit statements.The market no longer blindly chases revenue growth but instead asks— how much revenue has AI actually generated?Who can find a convincing balance between 'squeezing profits' and 'driving volume growth'?
Tencent: Core business stability supports AI investment, market focuses on profit tolerance testing
According to Bloomberg's consolidated forecast: $TENCENT (00700.HK)$Q1 expected revenue is 199.337 billion yuan, a year-on-year increase of 10.73%; expected adjusted net profit is 67.654 billion yuan, up 10.31% year-on-year.
Looking at the different business segments, Tencent’s core fundamentals remain strong >>
Value-added services (gaming): Expected to remain...

Hello fellow investors~
On the pre-market of May 11th Eastern Time, the 'first global stablecoin stock' $Circle (CRCL.US)$ will release its Q1 2026 earnings report.
Just before the earnings season, the market value of USDC stands at the $780 billion mark. Significant progress has been made in bipartisan stablecoin legislation in the United States, and Circle is experiencing a golden macro environment since its IPO.As regulatory discounts gradually fade and the narrative around digital dollar infrastructure heats up, the market is caught in a core debate:Is Circle merely a crypto-concept stock constrained by policy, or is it a financial infrastructure leader about to undergo a value reassessment?
First, let's look at the consensus market expectations: Q1 revenue is expected to be approximately $715 million, a sequential decline of about 7% from the record high of $770.2 million in Q4 last year, but a year-over-year increase of 11%; earnings per share are estimated at $0.178.This quarter’s slight revenue pullback was mainly due to seasonal fluctuations compounded by the impact of the March CLARITY Act draft.
Looking back at previous quarters, Circle has demonstrated strong operational resilience with revenue consistently exceeding expectations: Q2 2025 revenue hit $658.1 million (expected $644.7 million), rising to $739.8 million in Q3 (expected $699.6 million), and reaching a new high of $770.2 million in Q4 (expected $745 million). The company’s ability to deliver on performance has been very solid.
The profit trend is also impressive, with expectations for Q4 2025...

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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.
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...