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U.S. stocks closed | Data strengthens rate cut expectations, S&P rises for four consecutive days; Chinese concept stocks showed mixed trends, Alibaba dropped over 7% after earnings, while NetEase soared over 14%.
Meta fell over 2%, marking its first drop this week along with NVIDIA and Tesla; Cisco rose nearly 5%, leading the Dow's rebound; UnitedHealth dropped nearly 11%.
Morgan Stanley has released the "China AI 60" list! In addition to Tencent and Alibaba, these companies are also on the list.
The competitiveness of AI in China has shifted from 'catching up in computing power' to 'defining applications.'
Earnings Preview: GDS Holdings to Report Financial Results Pre-market on May 20
$GDS Holdings(GDS.US)$ is scheduled to release its financial results pre-market on May 20 ET. Earnings PreviewAnalysts estimate $GDS Holdings(GDS.US)$ to post revenue of CNY2.74B for 2025Q1, up 4.11%
The market holds its breath in anticipation! Tencent and Alibaba's Earnings Reports are about to be released! They may become a window for foreign capital to observe China's AI industry.
① The advertising, Cloud Computing revenue situation, and AI Business investments of both companies are all areas of great interest to the outside world. ② In the coming years, AI will be the key engine for growth in China's Internet Industry, and AI applications are expected to bring new growth opportunities. However, regarding the growth rate of capital expenditures in AI, Goldman Sachs Analysts are relatively cautious and conservative.
CITIC SEC discusses the delisting of Chinese concept stocks: it will not change the intrinsic value of the companies and will bring incremental liquidity to the Hong Kong stock market.
CITIC SEC: We do not believe that the Hong Kong stock market is unable to accommodate a large-scale return of Chinese concept stocks. On one hand, the liquidity of the Hong Kong stock market has clearly improved, and on the other hand, the forced (Delisted) of stocks in the US actually shifts trading to the Hong Kong stock market, bringing incremental liquidity to the Hong Kong market.
Earnings Preview: GDS-SW to Report Financial Results on May 20
$GDS-SW(09698.HK)$ is scheduled to release its financial results on May 20 BJT. Earnings PreviewAnalysts estimate $GDS-SW(09698.HK)$ to post revenue of CNY2.74B for 2025Q1, up 4.11% YOY; EPS is