1. Lead / Setup 📊 Tiger Research Team maintains BUY rating and increases Price Target to $160 (from $150) as $$Baidu, Inc.(BIDU)$$ reports a strong 1Q26 that reinforces the view that the company is increasingly transitioning from a legacy search/advertising business into an AI infrastructure and application company. Headline revenue of RMB32.1bn was 2% above consensus and 5% above their estimate, while GAAP operating income, EBITDA and non-GAAP EPADS all beat their estimates. 👇 The Resilience: Despite continued weakness in legacy advertising, Baidu's strategic pivot to AI is accelerating. The most important incremental point is that AI is now the majority of Baidu's core revenue base for the first time. Baidu Core AI-powered Busine

Hi Tigers 🐯, Welcome to "What the Tigers say." 👋 NVDA's latest earnings call just released, and it is the move driving this week's tape! The company delivered a massive beat with a record-high revenue of $81.6 billion—up 20% sequentially and 85% year-over-year—significantly exceeding Wall Street expectations of $78.8-$79.2 billion. That's the backdrop for today's question — Nvidia Beats Estimates, 75% Margin! Is $220 Just the Starting Point？ — and three Tigers have already staked out different reads, from @nerdbull1669, @TheBeautyofOptions, and @Shyon : 1. nerdbull1669 | Why Nvidia

👋 Hey Tigers! The F4Q26 earnings report for $Alibaba(BABA)$ is in. Here's what the Tiger Research Team is saying: 👉 Maintain BUY rating 👉 Price Target maintained at $175 📈 👉 Latest Price as of May 13th: $144.22 The quarter was strategically encouraging but financially messy — revenue and profits missed estimates meaningfully, yet AI and cloud commercialization showed acceleration. Here's the breakdown 👇 1. F4Q26 Financial Check: The Numbers vs. Estimates 📉 Revenue: 📊 Revenue of RMB243.4bn was 4% below Tiger estimates (RMB253.5bn) and 1% below consensus (RMB247.0bn) The miss was partly due to reclassification of certain merchant subsidies from sales & marketing expense to contra-CMR Profitability (the main negative): 📉 Gross profit of RMB84.0bn

👋 Hey Tigers! The 1Q26 earnings report for Tencent Holdings ( $TENCENT(00700)$ ) is in. Here's what the Tiger Research Team is saying: 👉 Maintain BUY rating 👉 Price Target decreased to HK$690 (was HK$700) 📈 👉 As of May 13th Price: HK$457.20 The quarter was strategically positive and financially solid — revenue was slightly light on timing, yet profits beat estimates. More importantly, core businesses remain highly cash generative while AI is moving from a broad strategic narrative into visible product deployment and early monetization. Here's the breakdown 👇 1. 1Q26 Financial Check: The Numbers vs. Estimates 📊 Revenue: 📊 Revenue of RMB196.5bn was 3% below Tiger estimates (RMB203.2bn) and 1% below consensus (RMB197.6bn) The miss was partly due to

Capital_Insights | May 5, 2026 | 12:30 PM ET 1. Executive Summary Stocks are climbing toward all-time highs as crude oil slides more than 3%, unleashing a wave of risk appetite. S&P 500: +0.6% NASDAQ: +0.7% Dow Jones: +248 points The cooling oil price triggered a "buy-the-dip" mentality. The 10-year Treasury yield pulling back to 4.42% added fuel to the fire. Meanwhile, earnings continue to provide individual stock catalysts. 2. Thesis Validation Pre-market narrative: "Oil is still elevated + Hormuz isn't resolved — can this rally last?" Mid-day verdict: Yes. The ceasefire remains in place. Brent crude dropped from yesterday's $115 handle, giving sidelined capital a green light to step back in. 📌 Key insight: When oil drops, dip buyers wake up. Simple as that. 3. Key Intraday Levels ET

👋 Hey Tigers! The 1Q26 earnings preview for $Coinbase Global, Inc.(COIN)$ just dropped, and there's a notable shift in tone. 🔄 Current market vibes: Volume softness vs. a more constructive BTC backdrop 🤔 Here's what the Tiger Research Team is saying: 👉 Maintain HOLD rating 👉 Price Target RAISED to $200 (previously $170) 📈 👉 Current Price: $195.26 While near-term trading volumes are weak and stablecoin regulation looms, the team is now incrementally more constructive on Bitcoin's outlook. Here's the breakdown 👇 1. 1Q26 Volume Check: A Tale of Two Markets 📉🚀 The Headwinds (Spot Trading): 🌍 Global spot crypto trading volume fell 35% q/q in 1Q26, mainly reflecting weaker crypto prices 📊 Coinbase's spot volume fell at a slower 26% q/q pace — implying a

1. Q1 2026 Preview: USDC Circulation & Market Share Trends 📊 Tiger Research Team maintains HOLD rating but lifts Price Target to $100 as $Circle Internet Corp.(CRCL)$ navigates a shifting landscape of stabilizing market share, evolving regulation, and mixed macro signals. Here is the team's comprehensive analysis of the data, the macro outlook, and our valuation model. 👇 The Resilience: According to CoinMarketCap, average USDC circulation reached $75.3B in 1Q26, down a modest 1.3% q/q from $76.3B in 4Q25. The quarter saw notable intraperiod volatility—circulation peaked at approximately $79.6B in March before moderating to $77.2B by quarter-end. Entering 2Q26, momentum has already rebounded, with circulation climbing back to $78.3B as of April

1. Macro View: BCA Research on Tariffs, China, and What Comes Next 🧠US futures jumped more than 2% after Trump agreed to a two-week ceasefire with Iran. Singapore, however, stayed quiet — daily market value slipped to S$1.43 billion.But two names still stood out. One is an infrastructure trust offering nearly 8% yield while quietly moving into digital assets. The other is a commercial vehicle specialist capitalizing on Singapore's EV push.Before diving into the stocks, here's what BCA Research has to say about the broader macro picture.BCA sees the recent SCOTUS tariff ruling and Trump's follow-up 15% global tariff as only marginal relief for China. The effective tariff on Chinese goods drops from ~29% to roughly 24% — not enough to change existing rerouting strategies.Their core views:Chi

Breaking: The CBOE Volatility Index $Cboe Volatility Index(VIX)$ closed below 20 on Thursday, signaling a notable compression in market volatility expectations. As of this writing, major U.S. equity indices have extended their winning streak to seven consecutive sessions, with $S&P 500(.SPX)$ and $NASDAQ(.IXIC)$ futures pointing higher again in pre-market trading Friday. According to $JPMorgan Chase(JPM)$ late-March data, years with gains exceeding 20% have outnumbered down years since 1980. Digging deeper: the $S&P 500(.SPX)$ averages a 14% intra-year drawdown annually.