This week, investors will focus on the January meeting minutes released by the Federal Reserve and the financial reports of Alibaba and Walmart. The S&P 500 index reached a record high, and the Nasdaq rose by 2.5%. Despite inflation data exceeding expectations, economists believe this is positive for the market and the Federal Reserve, predicting that the Federal Reserve will cut interest rates once or twice in 2025. Monday is Presidents' Day in the United States, and the market will be closed

This week's financial outlook: Fed Minutes lead the way, corporate earnings season continues to heat up

Japan's economic performance exceeded expectations, with corporate spending and net trade driving growth for the third consecutive quarter. The Bank of Japan is expected to continue its interest rate hike plan. The annualized GDP growth rate for the fourth quarter of last year was 2.8%, higher than expected. Although private consumption saw a slight increase, it significantly slowed compared to the previous quarter and remained below levels from a decade ago. Economists believe that despite the slowdown in consumption, the overall economy is still growing, and the central bank may continue to raise interest rates. The yen strengthened accordingly, and Prime Minister Shigeru Ishiba plans to address inflation through price subsidies

Consumption slows but the economy remains stable. Does the Bank of Japan have strong confidence to raise interest rates?

Most Hong Kong tech stocks fell, with Baidu down over 5%, KE down over 4%, and NetEase, Trip.com Group, and JD.com all down over 2%

Meta Platforms and Google are set to significantly increase their capital expenditures in 2025, targeting $320 billion primarily for AI data centers. This spending is expected to benefit Broadcom, which supplies essential chips for these data centers, including custom AI chips. Both companies expressed optimism about their partnerships with Broadcom, indicating a growing reliance on its technology. Broadcom anticipates strong growth in the custom AI accelerator market, potentially doubling its revenue. However, its current stock valuation raises concerns, with a recommendation to consider buying if the price adjusts to a more reasonable level.

Meta Platforms and Google Just Shared Fantastic News for Broadcom Investors

According to Morgan Stanley's calculations, the valuation of Chinese data center companies is discounted by about 50% compared to their global peers, management software companies are close to the global peer level, while office software and CDN companies are more than three times higher than their global counterparts

Morgan Stanley estimates: Which Chinese tech stocks are overvalued, and which still have room for growth?

Recently at the AI Action Summit in Paris, Meta's Chief Scientist Yang Likun stated that humanity is about to enter the era of AI glasses. At that time, AI glasses will become a new computing platform, helping humans lead their own AI teams to handle daily tasks

Meta Yang Likun: In the future, we will all wear AI glasses and command a group of AI assistants

The Hong Kong stock market has entered a technical bull market, with continuous inflow of foreign capital. The three major AMCs announced share transfers, marking a key step in national debt management. The market is focused on the developments of the Russia-Ukraine conflict and the Federal Reserve's meeting minutes. The Hang Seng Index is expected to hit 23,241 points. AI, smart driving, and robotics sectors have performed outstandingly, with related stocks experiencing significant increases. Fourth Paradigm's new share allocation went smoothly, with an expected annual net profit growth of 130%-145%

Zhitong Decision Reference | Continuous inflow of foreign capital is the hard truth, intelligent driving and robotics may continue to catalyze

Tesla founder Elon Musk has sparked widespread controversy due to his actions and statements in the political arena, facing public boycotts and protests. Protesters have organized 37 demonstrations across the United States against Musk's policies and remarks, with some even resulting in vandalism of Tesla showrooms. Tesla's stock price has fallen by a cumulative 12% since the beginning of the year

Suing Musk and boycotting Tesla, the fire of DOGE has finally reached Musk

The Hang Seng Index opened up 0.6%, and the Hang Seng Tech Index rose 1.32%. Tencent opened up 6.57%, and WeChat officially began gray testing with DeepSeek. Risk warning and disclaimer: The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at one's own risk

The Hang Seng Index opened high, with Tencent Holdings rising over 6%

Throw out the "WeChat + DeepSeek" trump card combination

Accessing DeepSeek, Tencent also needs to reassess

The Hong Kong stock market opened, with the Hang Seng Index rising 0.6% and the Tech Index rising 1.32%. Most technology stocks increased, with CHINA LIT rising about 12%, ALI HEALTH rising 7%, and Tencent rising about 7%

1. Mixue Ice City Co., Ltd. has passed the listing hearing at the Hong Kong Stock Exchange. 
2. China Cinda plans to transfer 22.137 billion shares of domestic shares to Central Huijin without compensation. 
3. Dongfang Securities' net profit for 2024 is expected to reach 3.351 billion yuan, a year-on-year increase of 21.68%. 
4. China Resources Land's contract sales in January amounted to 11.6 billion yuan, a year-on-year increase of 1.6%. 
5. R&F Properties' sales revenue in January was approximately 783 million yuan, a year-on-year decrease of 20.1%. 
6. China Southern Airlines' passenger capacity in January increased by 12.47% year-on-year. 
7. MCC's contract sales in January amounted to 87.79 billion yuan, a year-on-year decrease of 13.4%. 
8. GEMDALE PPT expects a net loss of approximately 4.2 billion to 4.8 billion yuan in 2024. 
9. SKYWORTH GROUP expects a year-on-year decrease of approximately 35% in net profit for 2024

Daily Hong Kong Stock Market News Briefing (February 17, Monday)

POP MART's approach to creating trendy IP toys is strikingly similar to LEGO's: it incubates and manages IP through internal design and external licensing, while also collaborating with globally renowned IPs to develop themed products, successfully attracting a global fan base. Inspired by LEGO, HSBC expects that from 2024 to 2026, POP MART's revenue compound annual growth rate will be 30%, with 70% of the growth coming from overseas markets

"LEGO-ization" – POP MART's "Bigger" Narrative

The current Hong Kong stock market is mainly influenced by year-end adjustments and technology themes around the Chinese New Year, representing a revaluation bull market at the industrial and corporate levels. The current market is structurally stronger, with a few companies driving the index upward. The Hang Seng Index ERP is close to its historical average, indicating a risk of structural overheating. Although there are short-term issues with the pace of the rise, the medium-term market leans towards optimism, and the real estate cycle is expected to stabilize the profit cycle of Hong Kong stocks

Characteristics and Pressure Assessment of the Current Hong Kong Stock Market Trend

According to data from the Hong Kong Exchanges and Clearing (HKEX), since the Lunar New Year, the average daily trading volume of Hong Kong stock options market has approached 1.2 million contracts, the highest level since October last year, with the average daily trading volume in February surging 38% compared to January

Emotions are rising! February saw a rebound in Hong Kong stock options trading volume

Last week, the Hong Kong stock market surged strongly after the Spring Festival, with the Hang Seng TECH Index rising by 7.3%, reaching a new high for 2022, and the Hang Seng Index increasing by 7.0%. The AI boom has triggered a reevaluation of technology stocks and overall Chinese assets, leading to a change in investor sentiment and macro narratives. The consumer discretionary, media and entertainment, and real estate sectors led the gains, while the energy sector declined. Analysts pointed out that this round of rebound is driven by sentiment, dominated by trading funds, and is more structurally focused

CICC: Revaluation of Chinese Assets?

This week, companies such as Baidu, iQIYI, NetEase, Alibaba, Lenovo Group, Bilibili, and Rivian will release their earnings. Microsoft has open-sourced an innovation framework that can turn DeepSeek into an AI Agent. Baidu Search announced that it will fully integrate DeepSeek and the Wenxin large model's deep search capabilities. Tencent responded to WeChat's integration with DeepSeek: it is currently in a gray testing phase. Musk stated that Grok 3 will be released at 8 PM Pacific Time on Monday. Taiwan Semiconductor and Broadcom are reportedly studying the acquisition of parts of Intel's business. Buffett and Duan Yongping both increased their positions in Occidental Petroleum and heavily invested in Apple Inc. in the fourth quarter

Breakfast | This week, Alibaba, NetEase, Baidu, and other Chinese concept internet companies will release their financial reports, and the Federal Reserve will announce the meeting minutes

U.S. stocks rose against the trend under the threat of tariffs, despite market sentiment fluctuating due to government policy confusion. Investors reacted cautiously to Trump's tariff policies, with the S&P 500 index nearing historical highs. Analysis from Morgan Stanley pointed out that investor expectations regarding tariffs may be overly optimistic, and market sensitivity to risk has increased. The trade policy uncertainty index has reached its highest level since 2019, which may lead to increased volatility in the future

U.S. stocks rise against the trend despite tariff threats, but Wall Street warns of market volatility

A Google executive, Demis Hassabis, downplays the hype around the new AI model from Chinese company DeepSeek, stating it lacks groundbreaking advancements. While DeepSeek's low-cost AI chatbot has caught attention, it poses no significant threat to Google's Gemini. Concerns for Alphabet investors lie in the effectiveness of its planned $75 billion investment in AI, as they seek tangible growth from these expenditures. The competitive landscape may prompt tech companies to reassess their AI spending strategies, leading to potential volatility in the market.

Why This Google Executive Thinks the Hype Around DeepSeek Is Overblown

Nvidia's stock is currently at a low point not seen in nearly a year, presenting a potential buying opportunity. Despite concerns over AI training efficiency, major clients like Meta, Alphabet, and Amazon are projected to significantly increase their capital expenditures in 2025, which bodes well for Nvidia's revenue growth. Analysts expect substantial growth rates for Nvidia in the coming years, and historical trends suggest that buying at this valuation could yield strong returns. Overall, Nvidia's stock appears to be a strong buy at this time.

Nvidia's Stock Hasn't Been This Cheap in Nearly a Year. Here's What History Says Happens Next.

Meta Platforms' stock has risen 23% year-to-date, with Tigress Financial raising its price target from $645 to $935. The company is benefiting from strong AI investments, with revenue projected to grow 22% in 2024. Despite the stock trading at 28 times 2025 earnings estimates, reaching the new target would require a valuation of 37 times this year's earnings. While higher spending on AI could impact earnings growth, Meta's recent earnings report has bolstered investor confidence in its AI strategy, positioning it well for long-term returns.

Is Meta Platforms Stock Going to $935? 1 Wall Street Firm Thinks So.

Pinterest's stock has surged 34% in 2025, driven by strong Q4 2024 results, with revenue up 18%. The platform, which has 553 million monthly active users, benefits from partnerships with Amazon and Alphabet, enhancing its advertising revenue, especially among its less monetized international users. Average revenue per user outside the U.S. rose 24% year-over-year, indicating growth potential. These collaborations are crucial for Pinterest's expansion and monetization efforts, particularly in international markets where most of its users reside.

This Stock Is Already Up 34% in 2025. Its Growth Is Getting a Big Boost From Amazon and Alphabet.

If the Russia-Ukraine conflict ends, the US dollar may continue to weaken, expected to fall below 100, which will inversely boost the RMB exchange rate, and the risk appetite in the A-share market will remain stable. Domestically, the performance of social financing and credit in January exceeded expectations, but after the Spring Festival, the pace of debt resolution will accelerate, and real demand will slightly weaken. The actual GDP in Q1 2025 is expected to remain strong, and the support of TMT enthusiasm for market risk appetite may weaken. The Trump administration's reciprocal tariff policy is also in the works

If the Russia-Ukraine conflict ends and the US dollar declines, it will be beneficial for A-shares!

This week, a recording of JPMorgan Chase CEO Jamie Dimon during a meeting was posted online. In the meeting, Dimon criticized the prevalence of remote work, stating that he often cannot reach anyone on Fridays, and that the company will take measures regarding this in the future; those who do not comply can leave on their own

JPMorgan Chase CEO erupts in internal meeting: You're all working remotely, screw your Zoom

The latest inflation data shows a 0.5% monthly rise in the Consumer Price Index (CPI) and a 3% annual increase, exceeding expectations. This may hinder the Federal Reserve from reducing interest rates. However, companies like W. P. Carey and Brookfield Infrastructure could benefit from inflation due to their inflation-linked contracts, potentially leading to higher cash flows and dividends. W. P. Carey focuses on properties with rent escalators tied to CPI, while Brookfield Infrastructure's assets are also indexed to inflation, supporting their growth and dividend increases.

Want to Cash In on High Inflation Rates? Buy These 2 High-Yielding Dividend Stocks.

Meta Platforms' stock has surged following strong Q4 earnings, with a 60% year-over-year EPS growth and a record return on capital of 33.6%. The company is benefiting from AI investments, which are enhancing advertising revenue and user engagement. Meta's advertising revenue grew 22% in 2024, reaching $164 billion, aided by AI initiatives like the personalized assistant and the Andromeda system. Additionally, the potential success of Meta's Ray-Ban AI glasses could further boost investor sentiment and validate its AI strategy, making the stock an attractive buy despite its recent gains.

Meta Platforms Stock Is Soaring. Is It Too Late to Buy?

This week's AI summit in Paris shifted its focus from emphasizing AI safety in previous years to investment and international competition. Europe seems to be emulating Silicon Valley's concept of "accelerationism," making every effort to catch up with the pace of AI development

Paris AI Summit: All about investment and competition, "safety" has been thrown aside

Dan Bin predicts that AI applications will explode in 2025, potentially disrupting multiple industries, but he believes that 2025 will not be a year of disruption. He pointed out that 2022 is the inaugural year of AI, and the cycle will last until 2032. Future investments will focus on AI directions that can change the world, with software and application sectors becoming the focal points. New forces in humanoid robots and the automotive industry may achieve breakthroughs in 2025, but overall it will be a process where opportunities continuously emerge

Dan Bin: In 2025, the AI application sector will explode, and the software industry may experience disruptive changes, but 2025 will not be a year of AI disruption

Broadcom is considering acquiring Intel's chip design and marketing business and has had informal discussions with advisors. Although there have been preliminary discussions, Broadcom has not submitted any documents to Intel and may decide not to pursue a deal. So far, Broadcom has not engaged in cooperation with TSMC, and all negotiations are still in the early stages

Broadcom is considering a possible acquisition of Intel's chip design business

According to reports, Taiwan Semiconductor has been studying the control of part or all of Intel's chip factories, possibly as part of an investor consortium or other structure; Broadcom has long been closely monitoring Intel's chip design and marketing business and may make an acquisition offer once it finds a manufacturing partner. Due to rumors of a potential acquisition of Intel, the company's stock price has surged 23% this week

Did TSMC and Broadcom "split" from Intel?

Tencent's discussions on the layout of AI Agents have attracted attention, with analysts believing that its revaluation logic can be divided into three points: first, drawing on Meta's cost reduction and efficiency enhancement strategy, AI will improve the monetization capabilities of Tencent's existing businesses; second, analogous to the revaluation of Alibaba Cloud, Tencent Cloud still has room for market valuation improvement; finally, the potential of AI Agents is seen as a "call option," indicating future growth opportunities. The market's reaction to this narrative will continue to unfold on Monday

Re-evaluating Tencent! "WeChat + Deepseek" - The first step of the AI Agent

On February 13, Trump announced the imposition of "reciprocal tariffs" on other countries, drawing the attention of global trade partners. This tariff measure has new characteristics, including policy reversals and the use of non-economic purposes. Experts point out that implementing "reciprocal tariffs" requires accounting for 5,000 types of goods, and the execution faces issues of insufficient preparation. Although U.S. stocks rose on this news, countries need to respond cautiously to avoid unilateral concessions

Yuyuantan Tian: Recognizing the Truth Behind Trump's Tariff Statements

WeChat's integration with DeepSeek marks Tencent's proactive layout in the AI field. This collaboration may be a group-level decision, demonstrating WeChat's initiative and competitiveness in the market. Tencent has surpassed Alibaba and ByteDance in funding support by providing scenarios and data. As competition among domestic giants intensifies, China's internet will enter a new development stage, with AI products and investment mergers and acquisitions emerging one after another

WeChat integrates DeepSeek, how to view this "game changer"

The application of the open-source AI large model DeepSeek in the financial industry is continuously expanding, with many financial institutions such as Bank Of Jiangsu and NCI trying it out. DeepSeek provides low-cost AI capabilities for small and medium-sized financial institutions, helping them improve efficiency in customer service and risk management. Since its launch on January 20, DeepSeek-R1 has received widespread attention for its powerful performance and open-source advantages, prompting financial institutions to accelerate local deployment and explore various application scenarios

Is it useful? Financial institutions test DeepSeek!

The depreciation cost of WeChat integrating Deepseek is far lower than the cost of integrating an equivalent model from OpenAI, which means that in most 2C scenarios, the product trial and error cost is greatly reduced, allowing for coverage of more customers. Analysis suggests that in the future, WeChat Agent will not only be a tool for improving efficiency but also a means to build a content ecosystem and tool ecosystem

WeChat + Deepseek: The Turning Point for 2C Applications

WeChat has launched an AI search feature integrated with DeepSeek R1, marking a new attempt in AI applications. Users can see the AI search button on the search interface, offering two model options: "Quick Answer" and "Deep Thinking." The speed of this update's rollout has significantly increased, breaking WeChat's previous conservative image and demonstrating its proactive layout in the AI field

After testing the DeepSeek R1 officially supported by WeChat, I figured out how Tencent plans to bet on AI applications

After Tencent integrates Deepseek, the search volume and advertising revenue of WeChat are expected to increase. Currently, WeChat's daily search volume is 600 million times, and advertising revenue is about 1 billion RMB, far lower than Baidu's 65 billion RMB. The introduction of Deepseek provides an opportunity for Tencent to monetize its search, with WeChat serving as an AI platform that has rich data and application scenarios. This move could change the competitive landscape, posing greater challenges for ByteDance's Doubao. The integration of Apple's large model with WeChat aligns with the logic of traffic business and may impact the incremental growth of cloud computing

Midnight bomb? What does WeChat's integration with Deepseek mean

Nvidia dominates the data center computing market, benefiting significantly from AI infrastructure investments, while AMD is also gaining traction. Nvidia's software, CUDA, gives it a competitive edge, making it difficult for AMD to catch up. In Q3 FY 2025, Nvidia's data center revenue was $30.8 billion, compared to AMD's $3.5 billion. Although AMD's stock appears cheaper based on forward P/E ratios, Nvidia's faster growth and market dominance suggest it remains the better investment choice for 2025.

Better Artificial Intelligence (AI) Buy for 2025: AMD or Nvidia Stock?

Intel is facing a leadership crisis after the departure of CEO Pat Gelsinger and now Justin Hotard, head of the data center and AI segment, who is leaving for Nokia. This follows a series of struggles for Intel, including declining revenues and a challenging turnaround strategy. The company has not yet found a permanent CEO, raising concerns about its future direction. Despite the turmoil, Intel's stock rose, likely due to positive news from its subsidiary Mobileye. The ongoing leadership void could hinder Intel's recovery efforts in a competitive market.

Intel's Leadership Hole Just Got Even Deeper

Microsoft is positioning itself as a leader in generative AI through significant investments, including $80 billion in data center infrastructure and a $13 billion stake in OpenAI. CEO Satya Nadella highlighted the company's commitment to expanding its AI capabilities, which are integrated into services like Bing and Microsoft 365. The partnership with OpenAI, exclusive to Azure, enhances Microsoft's offerings and is expected to drive cloud revenue growth, with AI projected to significantly boost the global cloud market by 2030. Microsoft's AI business has already seen a 175% revenue increase year over year.

Here's How Generative AI Factors Into Microsoft's Plan for Growth

Siri's new features were originally scheduled to be released in iOS 18.4 this April, but the company is now considering postponing some or all of the overhaul to the iOS 18.5 version, which is expected to be released as early as May. Before the issues with Siri arose, some features of Apple Intelligence had already faced criticism due to malfunction problems

Siri "missed the deadline," Apple AI is struggling

CICC analyzed the sources of funds for the recent rise in Hong Kong stocks. Data shows that active foreign capital continues to flow out, while southbound capital inflows have increased but with discrepancies. Passive ETF fund inflows have accelerated, likely dominated by individual investors. Overall, long-term foreign capital is not the main force in this round of rebound, and trading-type funds may also have stage-specific inflows

CICC: Who are the main buyers driving the recent rise in Hong Kong stocks?

Nvidia has dominated the AI chip market, holding 80% share and reporting over $35 billion in revenue. However, competition is emerging as major tech companies like Amazon, Meta, and OpenAI develop their own chips to reduce reliance on Nvidia. This shift could impact Nvidia's revenue growth, but the company remains a leader in quality and offers a comprehensive ecosystem of products. Despite the competition, Nvidia's GPUs may still be preferred for critical AI tasks, suggesting that the company may not face significant losses in the near future.

Are Tech Giants (Including DeepSeek) About to Say 'Checkmate' to Nvidia?

Nvidia's stock has recently declined, down nearly 1% for the year, despite a 171% gain in 2024. With a market cap of $3.3 trillion, its price/earnings-to-growth (PEG) ratio is 0.96, indicating it may be undervalued based on expected growth. However, concerns about tech spending and AI investments could impact future demand. Nvidia's strong profit margins provide flexibility, suggesting it remains a solid long-term investment despite potential short-term volatility. Investors await upcoming earnings to gauge demand and stock performance.

1 Metric That Still Suggests Nvidia Is a Steal of a Deal

Amazon's sales surged 10% year-over-year in Q4, potentially positioning it to surpass Walmart as the largest retailer by sales. With total revenue of $187.8 billion, Amazon's growth is driven by online stores, third-party sellers, and AWS. However, its Q1 guidance disappointed investors, projecting only 4-8% growth. Walmart, expected to report $179 billion in Q4 sales, remains a steady investment with a strong retail network and growing e-commerce. Analysts predict Amazon's sales will reach $699 billion in 2025, indicating significant growth potential, especially in AI.

Did Amazon Just Become the Largest Retailer in the World?

McDonald's has surprisingly high profit margins, exceeding those of Tesla, Apple, and Netflix. The company's operating margin stands at 45%, largely due to its franchising model and substantial real estate holdings, which generated $9.8 billion in rental income in 2023. With plans to increase its restaurant locations from 43,000 to over 50,000 by 2027, McDonald's is positioned for further growth. This makes its stock a potentially safe long-term investment, despite not having the highest upside potential.

Surprise: McDonald's Has Higher Profit Margins Than Tesla, Apple, or Netflix

Analysts believe that Alibaba's stock price still has further upside potential. Based on the average valuation multiple of 6.5 times for U.S. SaaS companies, Alibaba Cloud's value could reach $115 billion, which would raise the company's overall valuation to $320 billion, providing a 14% upside for the stock price. If calculated at Microsoft's 10.5 times, the valuation adjustment driven entirely by Alibaba Cloud could bring a maximum of 39% increase in stock price

JP Morgan quantitative assessment: How should Alibaba be revalued?

Analysis indicates that the market's reaction to tariffs has shifted from initial panic to rational analysis. Investors have realized that tariff policies are more of a bargaining chip for the Trump administration in international trade negotiations, rather than purely economic destructive tools. This change in perception has reduced the market's sensitivity to tariffs, thereby diminishing the negative impact of tariffs on the stock market

After a week filled with "tariffs, DOGE, and rising inflation," U.S. stocks are approaching historical highs again

Despite the market's optimistic view on the potential collaboration between Intel and Taiwan Semiconductor, and confirmations from Bloomberg and The New York Times regarding the news, Citigroup analysts believe that the likelihood of success for such an arrangement is low. A White House official quoted by Reuters also denied this claim, stating that the Trump administration is unlikely to support foreign entities operating Intel's factories