LongPort - 最新资讯

Zhipu Take: RMB 1 trn mkt cap — Is China's Anthropic finally here?

Dolphin Research

Against a persistently weak tape, Jun was a standout for Zhipu. News just before Jun about its Stock Connect inclusion sparked heavy flows and sharp intraday swings.

From Jun 10 to Jun 18, the stock doubled in roughly a week. On Jun 22, $KNOWLEDGE ATLAS(02513.HK) crossed HK$1tn in market cap.

This strength beat market expectations. In our prior earnings take, we noted Zhipu’s stronger momentum vs. $MINIMAX-W(00100.HK). Our core view: capital is paying up for the scarcity of model intelligence.

Chevron is Building a Massive Power Plant to Support a Microsoft AI Data Center. Here's What it Means for the Energy Stock.

Motley Fool

Chevron signed a 20-year power agreement with Microsoft to build a massive natural gas-fired power plant, Project Kilby, in Texas. This $7 billion facility will supply 2.67 GW of capacity to support Microsoft's AI data center, aiming for operation by 2028. The deal provides Chevron with predictable cash flows, reduces commodity volatility, and establishes a new growth platform leveraging Permian Basin resources to meet surging AI energy demand.

Google and Amazon Just Launched a Full-Frontal Assault Against Nvidia

Motley Fool

Google and Amazon are intensifying competition against Nvidia in the AI chip market. Google is financing a data center project to showcase its TPUs, while Amazon plans to sell its custom Trainium3 and Inferentia2 chips directly to third parties. Despite this rivalry, Nvidia remains dominant with an 85-92% market share and strong financial growth, leading analysts to maintain a 'buy' rating on its stock.

Should You Buy Tesla Stock Before July 2?

Motley Fool

Tesla faces an 8% YTD decline due to falling EV sales and intense competition from BYD and Geely. On July 2, it will report Q2 2026 deliveries, with Wall Street expecting ~400,000 units. Despite potential growth, the author advises against buying stock ahead of the release, citing a sky-high P/E ratio of 366 and significant downside risk if new products like Cybercab and Optimus face delays.

Amazon Retakes Lead Over SpaceX as the World's 5th Most Valuable Company. Here Are 3 Reasons Why It Won't Last.

Motley Fool

Amazon briefly reclaimed the title of the world's 5th most valuable company as SpaceX's stock slipped from its IPO highs. However, analysis suggests Amazon's lead is temporary due to three factors: Starlink's significant profitability and market moat, SpaceX's strategic expansion into AI through xAI and Cursor acquisitions, and potential speculation regarding a merger between SpaceX and Tesla that could drastically increase its valuation.

The AI Boom Is Entering A New Phase -- And Nvidia May Not Be The Biggest Winner

Motley Fool

As the AI market shifts from training to inference, Broadcom (AVGO) is positioned as a major beneficiary. While Nvidia dominates GPU training, hyperscalers are adopting specialized ASICs for cost-efficient inference. Broadcom controls ~70% of the ASIC market and expects AI chip sales to surge to $100 billion by fiscal 2027. With strong growth projections and a low valuation relative to peers, Broadcom may outperform Nvidia in this new phase.

Elon Musk Just Lifted His Tesla Voting Stake to Nearly 20%. Could a SpaceX Merger Be Next?

Motley Fool

Elon Musk increased his Tesla voting stake to nearly 20% by exercising 2018 compensation options, a move timed after SpaceX's public listing. This boosts his influence toward a desired 25%, fueling speculation about a potential Tesla-SpaceX merger. While analysts see an 80% chance of a deal within a year, Tesla's high valuation and strained core business suggest investors should remain cautious despite the strategic possibilities.

Is Alphabet the Best "Magnificent Seven" AI Stock?

Motley Fool

The article argues Alphabet is a top 'Magnificent Seven' AI stock due to its strong valuation relative to growth. Google Cloud revenue surged 63% YoY to $20 billion with tripled operating income, driven by demand for AI infrastructure and custom silicon. Despite high capital expenditures ($180-190B) and regulatory risks, the stock trades at ~28x earnings, offering a compelling opportunity given its robust cloud momentum and core search stability.

The Next $1 Trillion AI Winner May Already Be Hiding Inside Nvidia's Supply Chain

Motley Fool

Nvidia CEO Jensen Huang predicts Marvell Technology could become the next trillion-dollar AI company. Marvell, now focused on data center chips, has a $2 billion investment from Nvidia and partners via NVLink Fusion to integrate its custom AI accelerators into Nvidia's ecosystem. Analysts expect strong growth in revenue and EBITDA through 2029, driven by AI demand. While currently valued at 24x revenue, long-term projections suggest significant upside if Marvell meets growth estimates, potentially surpassing the trillion-dollar valuation.

Will Nvidia Stock Soar After June 24? The Evidence is Piling Up and Here's What It Shows

Motley Fool

Nvidia's stock has underperformed this year despite strong financials, driven by macroeconomic concerns and competition. With its annual shareholder meeting on June 24 approaching, analysts suggest the stock may rise due to a improving market environment rather than specific announcements. Nvidia continues to expand into CPU markets with new product launches, maintaining its dominance in AI chips.

Can SpaceX Deliver Tesla-Level Returns? The Bull and the Bear Case

Motley Fool

This article analyzes the bull and bear cases for SpaceX following its recent IPO. The bull case highlights SpaceX's market dominance in launches (51%) and Starlink satellites, vertical integration, and potential in AI via xAI. Conversely, the bear case points to rising competition, a high $2.4 trillion valuation compared to Amazon's revenue, recent net losses, and risks associated with CEO Elon Musk. The author advises waiting for a major pullback before investing due to expected volatility.

Nvidia, Oracle, and Now SpaceX Are Borrowing Billions Amid the AI Boom. Is This a Warning Sign?

Motley Fool

Major tech firms including Nvidia, Oracle, Amazon, and SpaceX are borrowing billions to fund AI infrastructure. While profitable giants like Nvidia and Amazon borrow for growth optionality, concerns arise regarding cash-burners like SpaceX and Oracle with high debt levels. Analysts suggest the trend isn't yet a warning sign but advise close monitoring of less profitable borrowers.

SpaceX Surpassed Amazon in Market Cap This Week. What's Next for the Red-Hot Space Stock?

Motley Fool

SpaceX briefly surpassed Amazon in market cap, reaching $2.97 trillion, before Amazon reclaimed the top spot at $2.62 trillion. Despite this momentum, SpaceX faces significant challenges, including an $8.69 billion net loss and a high price-to-sales ratio of 125x, which is six times that of Nvidia. The company's valuation reflects its complex merger of rocketry, AI, and social media assets, leading to expectations that the stock may cool down significantly in the coming years.

13 Words From Jensen Huang That Spell Good News for Nvidia Shareholders

Motley Fool

Despite recent stock declines, Nvidia CEO Jensen Huang's comments highlight robust demand outpacing supply for its AI chips. With the upcoming Vera Rubin platform and expansion into CPUs for agentic AI, Nvidia expects $1 trillion in orders through 2027 and $20 billion in standalone CPU revenue this year. The company remains a market leader with sustained growth potential.

90% of Amazon's Portfolio Is Invested in This EV Stock (Hint: It's Not Tesla)

Motley Fool

Amazon holds over 90% of its public equity portfolio in Rivian, driven by a strategic partnership for electric delivery vans. While Rivian shows strong Q1 revenue growth and plans to launch the mass-market R2 model and autonomous robotaxis with Uber, it faces significant risks including EV market slowdowns and margin pressures. The stock is deemed suitable only for contrarian investors comfortable with high volatility.

Biren: China's NVDA—How Capable Is It?

Dolphin Research

On Jan 2, 2026, $BIREN TECH(06082.HK) debuted on HKEX, with the IPO priced at the top end at HK$19.60. The stock opened up 82.14%; intraday mkt cap briefly topped HK$100bn, and it closed at about HK$82.5bn.

The retail tranche was oversubscribed 2,347x, highlighting a strong retail bid. Sentiment was buoyed by its scarcity as the first GPU company listed in Hong Kong.

The 'domestic $NVIDIA(NVDA.US)' label further stoked buying as investors chased a China Nvidia proxy. But setting aside the aura...

11 Words From Nvidia CFO Colette Kress That Should Have AMD and Intel Investors Worried

Motley Fool

Nvidia CFO Colette Kress announced that the new Vera CPU platform opens a $200 billion total addressable market, positioning Nvidia as a full-stack AI infrastructure provider. This strategic move allows Nvidia to complement its GPU dominance with high-performance CPUs for agentic AI, potentially capturing significant market share from incumbents like Intel and AMD. The announcement highlights Nvidia's expansion beyond accelerators into comprehensive data center solutions.

SpaceX Joins Nvidia, Alphabet, Apple, Microsoft, Amazon, and Taiwan Semiconductor in the $2 Trillion Club. But Will It Last?

Motley Fool

SpaceX joined the $2 trillion market cap club following its IPO, becoming the seventh most valuable company globally. However, long-term investors are cautioned against short-term hype driven by limited float and accelerated insider lockup policies. The S&P 500 index committee declined to fast-track SpaceX's inclusion, citing valuation concerns despite its massive growth potential in Starlink, AI infrastructure via xAI, and aerospace dominance.

Nvidia Stock vs. Micron Stock: Wall Street Says Buy One and Sell the Other

Motley Fool

Wall Street analysts recommend buying Nvidia and selling Micron. Nvidia, with a 44% upside to its $300 target, benefits from AI dominance and strong earnings growth. Conversely, Micron faces an 8% downside to its $949 target due to commodity risks, intense competition from Samsung and SK Hynix, and cyclical industry headwinds.

Tesla's $25 Billion Capex Plan Is No Longer About Cars. Here's Why Tesla Could Be the Most Undervalued AI and Robotics Stock of 2026.

Motley Fool

Tesla raised its full-year capital expenditure to $25 billion, shifting focus from core EVs to AI and robotics. Key investments include a lithium refinery, LFP battery factory, Cybercab facility, Semi production, Megafactory, and Optimus robot lines, alongside a semiconductor joint venture with SpaceX. These moves aim to secure supply chains and establish future growth in robotaxi services and humanoid robots, positioning Tesla as an undervalued AI stock for 2026.

The Financial Markets Are Flashing an Alarm Right Now, and New Fed Chairman Kevin Warsh Could Make Things Worse

Motley Fool

Financial markets are flashing alarms due to high S&P 500 valuations and a near-zero equity risk premium, reminiscent of the dot-com bubble era. New Fed Chairman Kevin Warsh may exacerbate this by reducing the central bank's balance sheet, potentially raising long-term Treasury yields. While this could push the risk premium negative, analysts remain optimistic about future earnings growth, suggesting caution rather than abandoning stocks.

1 Unstoppable Stock to Buy Before it Soars 848% to Join Nvidia in the $5 Trillion Club, According to 1 Wall Street Analyst

Motley Fool

Wall Street analyst Trip Chowdhry predicts Intel could reach a $5 trillion market cap, driven by AI inference and application growth. While Intel's stock has surged 483% in 2026 due to strategic turnaround efforts under CEO Lip-Bu Tan, including new foundry deals with Apple and Alphabet, the prediction remains highly speculative. Current consensus estimates suggest much lower EPS figures for 2026-2027, making the $1,100 share price target ambitious given the current valuation.

Oracle Has Fantastic News for Nvidia Stock Investors

Motley Fool

Oracle's fiscal 2026 results highlight robust GPU demand, with data center utilization at 97.5%, benefiting Nvidia, which holds 80-90% of the AI accelerator market. Oracle plans to increase capital expenditure to $90-$95 billion in fiscal 2027, signaling sustained investment in AI infrastructure. This growth supports Nvidia's projected earnings surge and potential stock appreciation, as global AI spending rises significantly.

Enron redux! Muddy Waters for clicks, or is SOFI just bad?

Dolphin Research

In the prior piece, after reviewing $SoFi Tech(SOFI.US)'s core biz., we noted that current earnings are largely driven by expansion of the Lending Platform Business (LPB), with a smaller lift from the gradual comeback in student loans.

On Mar 23, Muddy Waters released a short report that squarely targeted these key segments.

In its view, SOFI's conduct is comparable to past cases like GE and Enron.

Market reaction was muted.

After the CEO swiftly stepped in with share purchases to back the stock, it fell just 2.6% the next day.

It even looked restrained vs. the typical impact of a short report...

WeChat Pay beta-tests AI payments; SpaceX acquires AI coding tool Cursor in an all-stock deal | Daily News Recap

Dolphin Research

Jun 17 | Dolphin Research Key Watch: 🐬 Macro/Industry 1) After a citywide crackdown on 'ghost restaurants' exposed fake storefronts and license mismatches, the Shenzhen Market Supervision Bureau summoned Meituan, Taobao Flash Sale and JD. It ordered comprehensive self-inspections, removal of non-compliant merchants, and on-site verification of offline stores.

The campaign targets gaps in food-safety audits. In the short term, platforms will need to ramp up merchant inspections, raising compliance Opex and putting food-delivery profitability under pressure.

Over the longer run, the sector will move away from rough expansion. Platforms will be pushed to tighten merchant onboarding and risk controls...

Nvidia CEO Jensen Huang Just Announced Fantastic News to Microsoft Stock Investors

Motley Fool

Nvidia CEO Jensen Huang stated that Agentic AI will benefit, not replace, software companies like Microsoft. This counters investor fears regarding AI disruption. Microsoft's recent financials support this view, with Q3 revenue up 18% to $82.9 billion and Azure cloud revenue surging 40%. Its AI business reached a $37 billion annual run rate. Despite a 17% stock drop over the past year, strong fundamentals and a reasonable P/E ratio suggest Microsoft remains a solid long-term investment.

Custom AI Chips Are Coming for Nvidia's Crown. Here Are 2 Companies Quietly Cashing In.

Motley Fool

Broadcom and Marvell Technology are capitalizing on the demand for custom AI chips, challenging Nvidia's dominance. Broadcom reported record Q2 revenue of $22.2 billion, driven by a 143% surge in AI-related sales, with expectations to reach $100 billion annually by fiscal 2027. Similarly, Marvell saw revenue rise 28% to $2.4 billion, targeting $10 billion in custom silicon revenue by 2029. Despite strong growth, both face valuation risks and customer concentration concerns.

SpaceX Is Now Bigger Than Amazon and Closing in on Microsoft. Here's How to Think About the Valuation.

Motley Fool

SpaceX has surpassed Amazon and is approaching Microsoft in market capitalization, reaching approximately $2.82 trillion following its public debut. The company's valuation is primarily driven by its AI division, including xAI and orbital data center ambitions, which analysts view as high-risk 'moonshots.' While the Starlink connectivity segment generates significant revenue, investor confidence hinges on the potential of enterprise AI applications to sustain this unprecedented market cap.

May Retail Sales: Dark Before Dawn?

Dolphin Research

Dolphin Research's earlier concerns unfortunately materialized, with May retail sales weaker than Apr. YoY growth in total retail sales fell into negative territory at -0.6%, the first decline in the post-pandemic era.

Even before the Sep-24 'big reversal', domestic retail had not been this weak. From a channel perspective, online retail shows signs of bottoming and a rebound, but offline spending deteriorated more sharply (both goods and dining), further slowing the headline growth. By category...

SOFI in Muddy Waters' Crosshairs: Fintech Newcomer or High-Tech Hype?

Dolphin Research

$SoFi Tech(SOFI.US) has been public for five years. Early on, it was cast as the next LendingClub, a scaling digital bank, and a high-beta fintech meme stock.

Since its 2021 debut, the shares have crashed multiple times. At the 2022 trough, they fell to about 60% of the IPO price.

Even after clawing back, turbulence has persisted. In Mar, SoFi was targeted by famed short-seller Muddy Waters.

As the short case is not without merit, Dolphin Research will unpack it in the next note. That said, whatever Muddy Waters alleges, in management’s eyes...

NVDA $25bn jumbo bond; Pop Mart 'Dream Home' suspended | Daily News Recap

Dolphin Research

0616 | Dolphin Focus: 🐬 Macro/Industry — 1) NBS data show May retail sales fell 0.6% YoY and 0.38% MoM, with goods consumption soft while F&B and rural retail posted modest gains. Industrial value-added (above designated size) rose 4.5% YoY, up 40bps vs. Apr as new growth drivers strengthened the production side.

Supply and demand diverged: the recovery in domestic demand remained weak, while manufacturing upgrade and transformation accelerated. Near term, this weighs on valuations across consumer plays.

However, computing power and new energy equipment—representative high-end manufacturing—show resilient fundamentals. The data underscore ongoing pressure on internal demand repair...