Dell surged more than 8% in after‑hours trading this morning, with its market capitalization approaching $300 billion and the stock briefly touching $460. On the news front, the company just reported its fiscal 2027 second‑quarter results. Quarterly revenue reached $46.97 billion, up 58% year‑over‑year and setting a new all‑time high, beating market expectations of $44.78 billion. Adjusted earnings per share came in at $7.04, a staggering 203% increase from a year ago and far exceeding the consensus estimate of $4.897. Most notably, Dell significantly raised its full‑year fiscal 2027 revenue guidance to $192 billion – a $25 billion increase from its previous outlook of approximately $167 billion – representing a 69% year‑over‑year growth rate, well ahead of analysts' average forecast of $1

NIO released its 2026 Q2 results. The company posted quarterly revenue of RMB 32.2 billion, up 69% year‑on‑year but below Bloomberg consensus of RMB 33.36 billion. Q2 vehicle deliveries came in at approximately 107,600 units, a 49% YoY increase, missing the Bloomberg estimate of 111,500 units. Gross margin for Q2 2026 was 18.4%, compared with 10.0% in Q2 2025. Auto business gross margin reached 18.5% in the quarter, up approximately 85% year‑on‑year and above the Bloomberg consensus of 17.64%. NIO’s premium strategy delivered solid results: the NIO brand ranked first in the RMB 350,000+ price segment in China; the ES8 surpassed 140,000 cumulative deliveries in 335 days since launch, and remained a leader in the RMB 400,000+ segment and the large SUV category; the ES9, positioned as a tech‑

Today, Zhipu (02513) saw its share price fall more than 7.5% in the afternoon session, hitting an intraday low of HK$1,066. Dragged down by the sector, MiniMax also dropped over 4%. On the news front, Zhipu today launched the GLM-5.3-Flash model, officially claiming the recently hyped "Niulai" model, confirming earlier market speculation. The model currently ranks 10th on the AAII leaderboard, surpassing DeepSeek V4 ProMax, and topped OpenRouter's usage charts last week. Zhipu claims the model was trained on 100,000 domestic chips, with the market speculating that Huawei's Ascend chips were used. The sell-off may be attributed to a "buy the rumor, sell the fact" dynamic. Right after the midday break, between 13:04 and 13:05, three large sell orders (10,600 shares, 4,700 shares, and 4,800 s

This morning, Innovent Biologics surged sharply, at one point rising over 12% to hit a record high of HK$112.6, with its market capitalization exceeding HK$190 billion, making it the second pharmaceutical stock this year, after WuXi AppTec, to reach an all-time high. On the news front, Innovent Biologics released its earnings report on August 25. The company posted first-half revenue of RMB 8.6 billion, up 45% year-on-year, slightly missing Bloomberg consensus estimates by 1.1%. The company’s adjusted comparable net profit reached RMB 1.25 billion, exceeding the Bloomberg consensus of RMB 896 million and already surpassing the full-year level of the previous year. In addition, the company clearly set a 2030 revenue target of RMB 35–40 billion. Over the past ten months, Innovent Biologics h

$阿里巴巴(BABA)$'s HK$80 billion placement plan landed, and the Hong Kong stock tumbled more than 10% immediately, with the price pushed right down to the placement price. Right at this panicked moment, Joe Tsai and Eddie Wu jointly bought 1.07 million shares, spending HK$120 million – the timing is strikingly precise. On one hand, the share price collapse from the placement; on the other, two core executives stepping in simultaneously – this kind of move is hard to chalk up to coincidence. If it's about buying on bad news, the purchase price basically matches the placement price, making it arguably the most cost-effective moment to scoop up bargains. If it's merely a symbolic show of confidence, HK$120 million in real money feels a bi

On August 20, 2026, an anonymous large language model named "Ox Alpha" suddenly topped the OpenRouter leaderboard and set a new record for single‑day usage. Since "Ox" translates to "bull" in Chinese, and it happened to coincide with the popularity of the movie Niu Lai (Bull Comes), netizens gave it the down‑to‑earth nickname "Niu Lai Model." The model immediately drew widespread attention—not only because of the mystery shrouding its anonymous creators, but also due to its undeniable hardcore capabilities. The technical specs of the Niu Lai model are truly impressive: it boasts an ultra‑long context window of 1,048,600 tokens, enough to accommodate a medium‑sized codebase. Programmers who tested it found that on certain tasks its performance can match or even surpass the well‑known model

This morning, $Alibaba(BABA)$'s stock price plunged over 10% at one point, nearing the HK$110 level, which dragged the Hang Seng Tech Index down by 2.5%. On the news front, Alibaba Group raised approximately HK$80 billion (US$10.2 billion) through the largest stock placement in Hong Kong market history, underscoring the company's determination to raise and deploy substantial funds in its bid for global AI leadership. The giant, which has pivoted from online retail to the AI arena, placed 710 million new shares at HK$112.7 each, an 8.4% discount to last Friday's closing price in Hong Kong. In terms of dilution, based on public data estimating Alibaba's total outstanding Hong Kong shares at about 20.4 billion, the newly issued 710 mi

$MINIMAX-W(00100)$ rose more than 14% intraday today, currently trading at 353.0. On August 18, MiniMax was included in the Hong Kong Stock Connect and the Hang Seng TECH 100 Index, which enhanced its market liquidity and visibility. Previously, there had been no pure-play large model concept stocks available to mainland investors. On August 20, MiniMax launched MiniMax Design, a multimodal creative Agent workspace. The product is positioned as a "Harness" architecture that translates multimodal large models into actual productive capabilities. The goal is to transform the capabilities of its latest video model H3 into a complete workflow that can be directly applied to commercial content production. This move pushes the model tow

$XIAOMI-W(01810)$'s stock price rose nearly 4% today, continuing its winning streak since the release of its earnings report, with total gains approaching 11%. On the news front, Xiaomi just released its Q2 earnings report two days ago. Against the backdrop of high memory prices and a pressured consumer terminal market, Xiaomi's core smartphone business remained resilient, with gross margins in the handset business delivering a surprise upside that beat market expectations. In addition, Xiaomi just unveiled its new-generation humanoid robot "CyberOne" at the 2026 World Robot Conference, marking its first public appearance. The robot has already entered automotive factories for "internships" — at the self-tapping screw station, its

NetEase reported Q2 net revenue of RMB 30.1 billion, up 7.9% year-over-year and beating market expectations of RMB 29.54 billion. Gross profit came in at RMB 21.2 billion, rising 17.5% year-over-year and surpassing the consensus estimate of RMB 19.57 billion. In contrast, adjusted diluted net income per ADS from operating activities was RMB 12.02, falling short of the market's expected RMB 15.59. On a segment basis, online game services revenue reached RMB 25.02 billion, exceeding expectations by RMB 740 million, while innovation and other businesses generated RMB 1.64 billion in revenue, in line with market forecasts. On the bottom line, net profit attributable to shareholders of the company was RMB 7.0 billion, down nearly 18.6% from RMB 8.6 billion in the same period last year. Followin