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News biren tecnology?

China Conditionally Approves DeepSeek To Buy Nvidia's H200 Chips - Sources

01-16

$BIREN TECH(06082)$ confianza plena en tecnología biren

01-14

$BIREN TECH(06082)$ confianza en proyecto

01-14

Que le pasa a biren tecnology que no repunta?

2025-12-29

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China's "Four GPU Dragons" Converge in IPO Race

2025-12-27

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Stock Market Outlook: 2026 Will Be Another Year of Turning Lemons Into Lemonade

2025-12-26

Buenos días Cómo puedo cambiar idioma de la aplicación a español?

BRIEF-Shanghai Biren Technology Announces Number Of Offer Shares Under Global Offering 247.7 MLN H Shares

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He added that he believed that China was still finalising the licence. Nvidia did not respond to a request for comment on DeepSeek&#39;s approval.</p><p>China&#39;s industry and commerce ministries have granted approvals for all four companies, but have stipulated that they will impose conditions that are still being finalised, the sources said. These conditions are being decided by China&#39;s state planner, the National Development and Reform Commission (NDRC), according to one of the people.</p><p>China&#39;s Ministry of Industry and Information Technology, Ministry of Commerce and NDRC did not answer requests for comment.</p><p>DeepSeek, which rattled the global tech sector early last year by rolling out AI models that cost a fraction of those being developed by U.S. rivals such as OpenAI, did not answer a request for comment.</p><p>The H200, Nvidia&#39;s second most powerful AI chip, has emerged as a major flashpoint in U.S.-China relations. Despite strong demand from Chinese firms and U.S. approval for exports, Beijing&#39;s hesitation to allow imports has been the main barrier to shipments.</p><p>The U.S. earlier this month formally cleared the way for Nvidia to sell the H200 to China, where the company is seeing strong appetite. However, Chinese authorities have the final say on whether they would allow it to be shipped in.</p><p>Any purchases of H200 chips by DeepSeek could draw scrutiny by U.S lawmakers. Reuters reported on Wednesday that a senior U.S lawmaker had alleged that Nvidia had helped DeepSeek hone artificial intelligence models that were later used by the Chinese military, according to a letter sent to U.S. Commerce Secretary Howard Lutnick.</p><p>DeepSeek is expected to launch its next-generation AI model V4, featuring strong coding capabilities, in mid-February, The Information reported earlier this month.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Conditionally Approves DeepSeek To Buy Nvidia's H200 Chips  - Sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Conditionally Approves DeepSeek To Buy Nvidia's H200 Chips  - Sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-01-30 14:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SINGAPORE, Jan 30 (Reuters) - China has given its top AI startup DeepSeek approval to buy Nvidia&#39;s NVDA.O H200 artificial intelligence chips with regulatory conditions that are still being finalised, two people familiar with the matter told Reuters.</p><p>Reuters reported on Wednesday, citing sources, that ByteDance, Alibaba 9988.HK and Tencent 0700.HK had been given permission to purchase more than 400,000 H200 chips in total.</p><p>Nvidia CEO Jensen Huang told reporters in Taipei on Thursday that his company had not received such information. He added that he believed that China was still finalising the licence. Nvidia did not respond to a request for comment on DeepSeek&#39;s approval.</p><p>China&#39;s industry and commerce ministries have granted approvals for all four companies, but have stipulated that they will impose conditions that are still being finalised, the sources said. These conditions are being decided by China&#39;s state planner, the National Development and Reform Commission (NDRC), according to one of the people.</p><p>China&#39;s Ministry of Industry and Information Technology, Ministry of Commerce and NDRC did not answer requests for comment.</p><p>DeepSeek, which rattled the global tech sector early last year by rolling out AI models that cost a fraction of those being developed by U.S. rivals such as OpenAI, did not answer a request for comment.</p><p>The H200, Nvidia&#39;s second most powerful AI chip, has emerged as a major flashpoint in U.S.-China relations. Despite strong demand from Chinese firms and U.S. approval for exports, Beijing&#39;s hesitation to allow imports has been the main barrier to shipments.</p><p>The U.S. earlier this month formally cleared the way for Nvidia to sell the H200 to China, where the company is seeing strong appetite. However, Chinese authorities have the final say on whether they would allow it to be shipped in.</p><p>Any purchases of H200 chips by DeepSeek could draw scrutiny by U.S lawmakers. Reuters reported on Wednesday that a senior U.S lawmaker had alleged that Nvidia had helped DeepSeek hone artificial intelligence models that were later used by the Chinese military, according to a letter sent to U.S. Commerce Secretary Howard Lutnick.</p><p>DeepSeek is expected to launch its next-generation AI model V4, featuring strong coding capabilities, in mid-February, The Information reported earlier this month.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0106959298.USD":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","LU0823414551.USD":"BNP PARIBAS ENERGY TRANSITION \"C\" (USD) INC","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1226287792.SGD":"UBS (LUX) KEY SEL S-CHINA ALLOCATION OPP \"P\" (SGDHDG) INC","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","LU1734074674.USD":"NINETY ONE GSF ASIA PACIFIC FRANCHISE \"A\"(USD) ACC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0029874905.USD":"TEMPLETON EMERGING MARKETS \"A\" INC","BK4592":"伊斯兰概念","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","LU1629966141.USD":"Aberdeen Standard SICAV I - 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China has given its top AI startup DeepSeek approval to buy Nvidia's NVDA.O H200 artificial intelligence chips with regulatory conditions that are still being finalised, two people familiar with the matter told Reuters.Reuters reported on Wednesday, citing sources, that ByteDance, Alibaba 9988.HK and Tencent 0700.HK had been given permission to purchase more than 400,000 H200 chips in total.Nvidia CEO Jensen Huang told reporters in Taipei on Thursday that his company had not received such information. He added that he believed that China was still finalising the licence. Nvidia did not respond to a request for comment on DeepSeek's approval.China's industry and commerce ministries have granted approvals for all four companies, but have stipulated that they will impose conditions that are still being finalised, the sources said. These conditions are being decided by China's state planner, the National Development and Reform Commission (NDRC), according to one of the people.China's Ministry of Industry and Information Technology, Ministry of Commerce and NDRC did not answer requests for comment.DeepSeek, which rattled the global tech sector early last year by rolling out AI models that cost a fraction of those being developed by U.S. rivals such as OpenAI, did not answer a request for comment.The H200, Nvidia's second most powerful AI chip, has emerged as a major flashpoint in U.S.-China relations. Despite strong demand from Chinese firms and U.S. approval for exports, Beijing's hesitation to allow imports has been the main barrier to shipments.The U.S. earlier this month formally cleared the way for Nvidia to sell the H200 to China, where the company is seeing strong appetite. However, Chinese authorities have the final say on whether they would allow it to be shipped in.Any purchases of H200 chips by DeepSeek could draw scrutiny by U.S lawmakers. Reuters reported on Wednesday that a senior U.S lawmaker had alleged that Nvidia had helped DeepSeek hone artificial intelligence models that were later used by the Chinese military, according to a letter sent to U.S. Commerce Secretary Howard Lutnick.DeepSeek is expected to launch its next-generation AI model V4, featuring strong coding capabilities, in mid-February, The Information reported earlier this month.","news_type":1,"symbols_score_info":{"NVDA":2}},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":522287459795672,"gmtCreate":1768546799114,"gmtModify":1768546802382,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/06082\">$BIREN TECH(06082)$ </a> confianza plena en tecnología biren","listText":"<a href=\"https://ttm.financial/S/06082\">$BIREN TECH(06082)$ </a> confianza plena en tecnología biren","text":"$BIREN TECH(06082)$ confianza plena en tecnología biren","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/522287459795672","isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":521650694414776,"gmtCreate":1768372885461,"gmtModify":1768372888735,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/06082\">$BIREN TECH(06082)$ </a> confianza en proyecto","listText":"<a href=\"https://ttm.financial/S/06082\">$BIREN TECH(06082)$ </a> confianza en proyecto","text":"$BIREN TECH(06082)$ confianza en proyecto","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/521650694414776","isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":521649600086456,"gmtCreate":1768372618291,"gmtModify":1768373474545,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Que le pasa a biren tecnology que no repunta?","listText":"Que le pasa a biren tecnology que no repunta?","text":"Que le pasa a biren tecnology que no repunta?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/521649600086456","isVote":1,"tweetType":1,"viewCount":828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":516003543556120,"gmtCreate":1766998064173,"gmtModify":1767000182678,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Traslate to spanish&nbsp;","listText":"Traslate to spanish&nbsp;","text":"Traslate to spanish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/516003543556120","repostId":"1143049716","repostType":2,"repost":{"id":"1143049716","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1766398023,"share":"https://ttm.financial/m/news/1143049716?lang=en_US&edition=fundamental","pubTime":"2025-12-22 18:07","market":"other","language":"en","title":"China's \"Four GPU Dragons\" Converge in IPO Race","url":"https://stock-news.laohu8.com/highlight/detail?id=1143049716","media":"Deep News","summary":"As global computing power competition intensifies, China's GPU industry is witnessing a historic collective breakthrough. Following Moore Thread's listing with a market cap exceeding 300 billion yuan...","content":"<p>As global computing power competition intensifies, China's GPU industry is witnessing a historic collective breakthrough. Following Moore Thread's listing with a market cap exceeding 300 billion yuan on the STAR Market, BIREN TECH has passed the Hong Kong Stock Exchange hearing while MetaX and Tianshu Zhixin are preparing their IPOs—completing the quartet of domestic GPU leaders entering capital markets.</p>\n<p>Though operating in the same sector, these companies demonstrate distinct strategies: from platform-based full-stack ecosystems to quarter-focused profitability and national computing hub partnerships. Each firm is carving unique market niches.</p>\n<p>**Tianshu Zhixin: First-Mover Advantage with Dual Product Lines**  \nAs China's earliest general-purpose GPU designer, Tianshu Zhixin leveraged its first-mover position in mass production to establish supply chain stability. Its Tiankai (training) and Zhikai (inference) product lines have shipped over 53,000 units, driving revenue to 324 million yuan in H1 2025—surpassing its full-year 2023 performance. Client concentration dropped sharply from 94.2% to 38.6% among top five customers since 2022, reflecting broadening market acceptance.</p>\n<p>**Moore Thread: Ecosystem-Centric Platform Play**  \nThe STAR Market newcomer commands a 300+ billion yuan valuation for its MUSA architecture GPUs that simultaneously handle AI, graphics, and scientific computing. Its MTT S80 GPU approaches NVIDIA RTX3060 performance, with five AI clusters sold in H1 2025. Though unprofitable, projected 240% revenue growth to 1.5 billion yuan in 2025 and 70% gross margins signal strong potential.</p>\n<p>**BIREN TECH: State-Backed Infrastructure Specialist**  \nPoised to become Hong Kong's first domestic GPU listing, BIREN TECH recorded 2,500% CAGR revenue growth to 337 million yuan in 2024. Backed by Shanghai State-Owned Capital and others, it specializes in 1,000-GPU clusters and Chiplet technology, having delivered a 180 million yuan telecom operator project. Its rapid adaptation to models like DeepSeek strengthens its position as core infrastructure provider.</p>\n<p>**MetaX: First to Quarterly Profitability**  \nThe AMD-alumni-led firm achieved a 466 million yuan Q2 2025 profit—the first among peers—after its shares surged 568% on debut. With three product lines covering AI/general computing and graphics, MetaX expects 2025 revenue to exceed 1.5 billion yuan. Its Xi Cloud C700 chip targets NVIDIA H100 performance, while cumulative GPU sales surpassed 25,000 units deployed across national computing platforms.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's \"Four GPU Dragons\" Converge in IPO Race</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's \"Four GPU Dragons\" Converge in IPO Race\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2025-12-22 18:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>As global computing power competition intensifies, China's GPU industry is witnessing a historic collective breakthrough. Following Moore Thread's listing with a market cap exceeding 300 billion yuan on the STAR Market, BIREN TECH has passed the Hong Kong Stock Exchange hearing while MetaX and Tianshu Zhixin are preparing their IPOs—completing the quartet of domestic GPU leaders entering capital markets.</p>\n<p>Though operating in the same sector, these companies demonstrate distinct strategies: from platform-based full-stack ecosystems to quarter-focused profitability and national computing hub partnerships. Each firm is carving unique market niches.</p>\n<p>**Tianshu Zhixin: First-Mover Advantage with Dual Product Lines**  \nAs China's earliest general-purpose GPU designer, Tianshu Zhixin leveraged its first-mover position in mass production to establish supply chain stability. Its Tiankai (training) and Zhikai (inference) product lines have shipped over 53,000 units, driving revenue to 324 million yuan in H1 2025—surpassing its full-year 2023 performance. Client concentration dropped sharply from 94.2% to 38.6% among top five customers since 2022, reflecting broadening market acceptance.</p>\n<p>**Moore Thread: Ecosystem-Centric Platform Play**  \nThe STAR Market newcomer commands a 300+ billion yuan valuation for its MUSA architecture GPUs that simultaneously handle AI, graphics, and scientific computing. Its MTT S80 GPU approaches NVIDIA RTX3060 performance, with five AI clusters sold in H1 2025. Though unprofitable, projected 240% revenue growth to 1.5 billion yuan in 2025 and 70% gross margins signal strong potential.</p>\n<p>**BIREN TECH: State-Backed Infrastructure Specialist**  \nPoised to become Hong Kong's first domestic GPU listing, BIREN TECH recorded 2,500% CAGR revenue growth to 337 million yuan in 2024. Backed by Shanghai State-Owned Capital and others, it specializes in 1,000-GPU clusters and Chiplet technology, having delivered a 180 million yuan telecom operator project. Its rapid adaptation to models like DeepSeek strengthens its position as core infrastructure provider.</p>\n<p>**MetaX: First to Quarterly Profitability**  \nThe AMD-alumni-led firm achieved a 466 million yuan Q2 2025 profit—the first among peers—after its shares surged 568% on debut. With three product lines covering AI/general computing and graphics, MetaX expects 2025 revenue to exceed 1.5 billion yuan. Its Xi Cloud C700 chip targets NVIDIA H100 performance, while cumulative GPU sales surpassed 25,000 units deployed across national computing platforms.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","SGXZ81514606.USD":"大华环球创新基金A Acc USD","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU2413666699.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"CRH\" (HKDHDG) INC","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC A","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - 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Following Moore Thread's listing with a market cap exceeding 300 billion yuan on the STAR Market, BIREN TECH has passed the Hong Kong Stock Exchange hearing while MetaX and Tianshu Zhixin are preparing their IPOs—completing the quartet of domestic GPU leaders entering capital markets.\nThough operating in the same sector, these companies demonstrate distinct strategies: from platform-based full-stack ecosystems to quarter-focused profitability and national computing hub partnerships. Each firm is carving unique market niches.\n**Tianshu Zhixin: First-Mover Advantage with Dual Product Lines**  \nAs China's earliest general-purpose GPU designer, Tianshu Zhixin leveraged its first-mover position in mass production to establish supply chain stability. Its Tiankai (training) and Zhikai (inference) product lines have shipped over 53,000 units, driving revenue to 324 million yuan in H1 2025—surpassing its full-year 2023 performance. Client concentration dropped sharply from 94.2% to 38.6% among top five customers since 2022, reflecting broadening market acceptance.\n**Moore Thread: Ecosystem-Centric Platform Play**  \nThe STAR Market newcomer commands a 300+ billion yuan valuation for its MUSA architecture GPUs that simultaneously handle AI, graphics, and scientific computing. Its MTT S80 GPU approaches NVIDIA RTX3060 performance, with five AI clusters sold in H1 2025. Though unprofitable, projected 240% revenue growth to 1.5 billion yuan in 2025 and 70% gross margins signal strong potential.\n**BIREN TECH: State-Backed Infrastructure Specialist**  \nPoised to become Hong Kong's first domestic GPU listing, BIREN TECH recorded 2,500% CAGR revenue growth to 337 million yuan in 2024. Backed by Shanghai State-Owned Capital and others, it specializes in 1,000-GPU clusters and Chiplet technology, having delivered a 180 million yuan telecom operator project. Its rapid adaptation to models like DeepSeek strengthens its position as core infrastructure provider.\n**MetaX: First to Quarterly Profitability**  \nThe AMD-alumni-led firm achieved a 466 million yuan Q2 2025 profit—the first among peers—after its shares surged 568% on debut. With three product lines covering AI/general computing and graphics, MetaX expects 2025 revenue to exceed 1.5 billion yuan. Its Xi Cloud C700 chip targets NVIDIA H100 performance, while cumulative GPU sales surpassed 25,000 units deployed across national computing platforms.","news_type":1,"symbols_score_info":{"NVDS":1,"NVD2.UK":1,"NVD":1,"NVDU":1,"3NVD.UK":1,"06082":1,"NVDA":1,"NVDD":1,"NVDY":1,"NVDL":1,"NVDS.UK":1,"NVDX":1,"SNVD.UK":1,"NVIW.SI":1,"NVD3.UK":1,"AMD":1,"2NVD.UK":1}},"isVote":1,"tweetType":1,"viewCount":572,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":515292488290912,"gmtCreate":1766831400450,"gmtModify":1766831674356,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Traslate to spanish","listText":"Traslate to spanish","text":"Traslate to spanish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/515292488290912","repostId":"2594292319","repostType":2,"repost":{"id":"2594292319","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1766808000,"share":"https://ttm.financial/m/news/2594292319?lang=en_US&edition=fundamental","pubTime":"2025-12-27 12:00","market":"us","language":"en","title":"Stock Market Outlook: 2026 Will Be Another Year of Turning Lemons Into Lemonade","url":"https://stock-news.laohu8.com/highlight/detail?id=2594292319","media":"Dow Jones","summary":"By any objective measure, U.S. stocks have had a pretty spectacular year. Rising from the ashes of President Donald Trump’s Liberation Day tariffs like a phoenix.","content":"<html><head></head><body><p style=\"text-align: start;\">By any objective measure, U.S. stocks have had a pretty spectacular year. Rising from the ashes of President Donald Trump’s Liberation Day tariffs like a phoenix, powered by tech and the artificial intelligence boom, the S&amp;P 500 is on pace for an annual gain of around 18%, with the 7000 point mark firmly in sight.</p><p>But that assessment only reveals the headline portion of the market’s extraordinary comeback, and to understand where stocks might be headed in 2026, it’s useful to consider one of the prime drivers of 2025’s impressive advance: corporate America as a lemonade stand.</p><p>Handed a bag of lemons in the early spring, both in the form of President Trump’s hastily arranged tariff schedule, a hawkish Federal Reserve, and a shrinking U.S. economy, American companies did what they do best. They found a way to make money.</p><p>Tech led the way over the first half of the year, with an impressive set of updates and outlooks that saved the market from its early April collapse and set the tone for the rest of the year. Other sectors followed suit, and by the end of the third quarter, annual S&amp;P 500 profits were on pace to rise more than 13% from last year.</p><p>Third-quarter profits were more widespread, with sectors such as financials, healthcare, and industrials contributing a larger portion of the benchmark’s $602 billion in overall earnings.</p><p style=\"text-align: start;\">The economy was getting dragged along, as well, with GDP growth over the three months ending in October pegged at an astonishing 4.3%. That advance came despite the longest government shutdown on record and a pullback in the AI investment boom triggered by concerns over surging debt levels and worries over the time it will take for AI projects to start turning a profit.</p><p style=\"text-align: start;\">The S&amp;P 500’s recent run, which produced a record high close of 6932 points on Wednesday, has also powered through some pretty hefty drawdowns in its biggest stocks. <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> shares have fallen nearly 9% from their all-time closing peak in late October, while <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> is down 10%, and <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> 8%.</p><p>It’s also worth noting that both the jump in profitability, and the surprise advance in third quarter GDP, came amid a slowdown in the labor market, where headline unemployment now sits at 4.6%, the highest in four years.</p><p style=\"text-align: start;\">That, in many respects, underscores the adaptability of American companies, which have used new technologies such as AI to improve profits while managing the increased costs from tariffs and the impact of stubbornly elevated inflation.</p><p style=\"text-align: start;\">More of the same, in fact, is expected next year. LSEG data suggest collective S&amp;P 500 profits will rise around 15% to $312 a share, a firmer rate of growth than is forecast for the benchmark itself, which is pegged to rise by around 11% from current levels.</p><p style=\"text-align: start;\">That’s a good sign for investors, as it indicates both improving profitability on the corporate side, and stocks becoming more attractive from a price to earnings perspective. In other words, as companies make more money, index gains become more closely tied to fundamentals than sentiment.</p><p style=\"text-align: start;\">A lower PE ratio for the S&amp;P 500, with improving earnings growth for its constituents, is the sign of a healthy market.</p><p style=\"text-align: start;\">External support is also expected to accelerate, with new leadership at the Fed likely to quicken the pace of interest rate cuts, and tailwinds from the One Big Beautiful Bill Act poised to support consumer spending and lower corporate tax rates.</p><p>That’s not to say risks aren’t hovering: this year’s surge in precious metals prices reflects currency debasement, government debt and inflation concerns that aren’t being checked in the bond market. Geopolitical tensions could upend recent declines in oil and gas prices, and a looming Supreme Court ruling on President Trump’s tariff authority could inject another round of chaos into markets over the coming months.</p><p style=\"text-align: start;\">But if 2025 has taught us anything, it’s that the U.S. corporate lemonade stand will find a way to convert what sour citrus it’s forced to assume into a sweet and refreshing glass of new money.</p><p style=\"text-align: start;\">And we can all drink to that.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Market Outlook: 2026 Will Be Another Year of Turning Lemons Into Lemonade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Market Outlook: 2026 Will Be Another Year of Turning Lemons Into Lemonade\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-27 12:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">By any objective measure, U.S. stocks have had a pretty spectacular year. Rising from the ashes of President Donald Trump’s Liberation Day tariffs like a phoenix, powered by tech and the artificial intelligence boom, the S&amp;P 500 is on pace for an annual gain of around 18%, with the 7000 point mark firmly in sight.</p><p>But that assessment only reveals the headline portion of the market’s extraordinary comeback, and to understand where stocks might be headed in 2026, it’s useful to consider one of the prime drivers of 2025’s impressive advance: corporate America as a lemonade stand.</p><p>Handed a bag of lemons in the early spring, both in the form of President Trump’s hastily arranged tariff schedule, a hawkish Federal Reserve, and a shrinking U.S. economy, American companies did what they do best. They found a way to make money.</p><p>Tech led the way over the first half of the year, with an impressive set of updates and outlooks that saved the market from its early April collapse and set the tone for the rest of the year. Other sectors followed suit, and by the end of the third quarter, annual S&amp;P 500 profits were on pace to rise more than 13% from last year.</p><p>Third-quarter profits were more widespread, with sectors such as financials, healthcare, and industrials contributing a larger portion of the benchmark’s $602 billion in overall earnings.</p><p style=\"text-align: start;\">The economy was getting dragged along, as well, with GDP growth over the three months ending in October pegged at an astonishing 4.3%. That advance came despite the longest government shutdown on record and a pullback in the AI investment boom triggered by concerns over surging debt levels and worries over the time it will take for AI projects to start turning a profit.</p><p style=\"text-align: start;\">The S&amp;P 500’s recent run, which produced a record high close of 6932 points on Wednesday, has also powered through some pretty hefty drawdowns in its biggest stocks. <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> shares have fallen nearly 9% from their all-time closing peak in late October, while <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> is down 10%, and <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> 8%.</p><p>It’s also worth noting that both the jump in profitability, and the surprise advance in third quarter GDP, came amid a slowdown in the labor market, where headline unemployment now sits at 4.6%, the highest in four years.</p><p style=\"text-align: start;\">That, in many respects, underscores the adaptability of American companies, which have used new technologies such as AI to improve profits while managing the increased costs from tariffs and the impact of stubbornly elevated inflation.</p><p style=\"text-align: start;\">More of the same, in fact, is expected next year. LSEG data suggest collective S&amp;P 500 profits will rise around 15% to $312 a share, a firmer rate of growth than is forecast for the benchmark itself, which is pegged to rise by around 11% from current levels.</p><p style=\"text-align: start;\">That’s a good sign for investors, as it indicates both improving profitability on the corporate side, and stocks becoming more attractive from a price to earnings perspective. In other words, as companies make more money, index gains become more closely tied to fundamentals than sentiment.</p><p style=\"text-align: start;\">A lower PE ratio for the S&amp;P 500, with improving earnings growth for its constituents, is the sign of a healthy market.</p><p style=\"text-align: start;\">External support is also expected to accelerate, with new leadership at the Fed likely to quicken the pace of interest rate cuts, and tailwinds from the One Big Beautiful Bill Act poised to support consumer spending and lower corporate tax rates.</p><p>That’s not to say risks aren’t hovering: this year’s surge in precious metals prices reflects currency debasement, government debt and inflation concerns that aren’t being checked in the bond market. Geopolitical tensions could upend recent declines in oil and gas prices, and a looming Supreme Court ruling on President Trump’s tariff authority could inject another round of chaos into markets over the coming months.</p><p style=\"text-align: start;\">But if 2025 has taught us anything, it’s that the U.S. corporate lemonade stand will find a way to convert what sour citrus it’s forced to assume into a sweet and refreshing glass of new money.</p><p style=\"text-align: start;\">And we can all drink to that.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","BK4503":"景林资产持仓","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4504":"桥水持仓","LU0302445910.USD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" ACC","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU1564329115.USD":"Blackrock Dynamic High Income A6 USD","LU1564329461.SGD":"Blackrock Dynamic High Income A6 SGD-H","LU0894486033.HKD":"SCHRODER ISF GLOBAL MULTI-ASSET INCOME \"A\" (HKD) INC MF","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","LU0894485498.HKD":"SCHRODER ISF GLOBAL MULTI-ASSET INCOME \"A\" (HKD) ACC","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC A","LU0861579265.USD":"联博低波幅策略股票基金A","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU1188199696.SGD":"Schroder ISF Global Multi-Asset Income A Dis SGD","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU1582986359.USD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (USDHDG) ACC","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - 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Rising from the ashes of President Donald Trump’s Liberation Day tariffs like a phoenix, powered by tech and the artificial intelligence boom, the S&P 500 is on pace for an annual gain of around 18%, with the 7000 point mark firmly in sight.But that assessment only reveals the headline portion of the market’s extraordinary comeback, and to understand where stocks might be headed in 2026, it’s useful to consider one of the prime drivers of 2025’s impressive advance: corporate America as a lemonade stand.Handed a bag of lemons in the early spring, both in the form of President Trump’s hastily arranged tariff schedule, a hawkish Federal Reserve, and a shrinking U.S. economy, American companies did what they do best. They found a way to make money.Tech led the way over the first half of the year, with an impressive set of updates and outlooks that saved the market from its early April collapse and set the tone for the rest of the year. Other sectors followed suit, and by the end of the third quarter, annual S&P 500 profits were on pace to rise more than 13% from last year.Third-quarter profits were more widespread, with sectors such as financials, healthcare, and industrials contributing a larger portion of the benchmark’s $602 billion in overall earnings.The economy was getting dragged along, as well, with GDP growth over the three months ending in October pegged at an astonishing 4.3%. That advance came despite the longest government shutdown on record and a pullback in the AI investment boom triggered by concerns over surging debt levels and worries over the time it will take for AI projects to start turning a profit.The S&P 500’s recent run, which produced a record high close of 6932 points on Wednesday, has also powered through some pretty hefty drawdowns in its biggest stocks. Nvidia shares have fallen nearly 9% from their all-time closing peak in late October, while Microsoft is down 10%, and Amazon 8%.It’s also worth noting that both the jump in profitability, and the surprise advance in third quarter GDP, came amid a slowdown in the labor market, where headline unemployment now sits at 4.6%, the highest in four years.That, in many respects, underscores the adaptability of American companies, which have used new technologies such as AI to improve profits while managing the increased costs from tariffs and the impact of stubbornly elevated inflation.More of the same, in fact, is expected next year. LSEG data suggest collective S&P 500 profits will rise around 15% to $312 a share, a firmer rate of growth than is forecast for the benchmark itself, which is pegged to rise by around 11% from current levels.That’s a good sign for investors, as it indicates both improving profitability on the corporate side, and stocks becoming more attractive from a price to earnings perspective. In other words, as companies make more money, index gains become more closely tied to fundamentals than sentiment.A lower PE ratio for the S&P 500, with improving earnings growth for its constituents, is the sign of a healthy market.External support is also expected to accelerate, with new leadership at the Fed likely to quicken the pace of interest rate cuts, and tailwinds from the One Big Beautiful Bill Act poised to support consumer spending and lower corporate tax rates.That’s not to say risks aren’t hovering: this year’s surge in precious metals prices reflects currency debasement, government debt and inflation concerns that aren’t being checked in the bond market. Geopolitical tensions could upend recent declines in oil and gas prices, and a looming Supreme Court ruling on President Trump’s tariff authority could inject another round of chaos into markets over the coming months.But if 2025 has taught us anything, it’s that the U.S. corporate lemonade stand will find a way to convert what sour citrus it’s forced to assume into a sweet and refreshing glass of new money.And we can all drink to that.","news_type":1,"symbols_score_info":{".IXIC":2,".SPX":2,".DJI":2}},"isVote":1,"tweetType":1,"viewCount":550,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":514942688399896,"gmtCreate":1766746101808,"gmtModify":1766752914943,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Buenos días Cómo puedo cambiar idioma de la aplicación a español?","listText":"Buenos días Cómo puedo cambiar idioma de la aplicación a español?","text":"Buenos días Cómo puedo cambiar idioma de la aplicación a español?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/514942688399896","repostId":"2593174076","repostType":2,"repost":{"id":"2593174076","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1766367152,"share":"https://ttm.financial/m/news/2593174076?lang=en_US&edition=fundamental","pubTime":"2025-12-22 09:32","market":"nz","language":"en","title":"BRIEF-Shanghai Biren Technology Announces Number Of Offer Shares Under Global Offering 247.7 MLN H Shares","url":"https://stock-news.laohu8.com/highlight/detail?id=2593174076","media":"Reuters","summary":"BRIEF-Shanghai Biren Technology Announces Number Of Offer Shares Under Global Offering 247.7 MLN H SharesDec 22  - NUMBER OF OFFER SHARES UNDER GLOBAL OFFERING 247.7 MILLION H SHARESMAXIMUM OFFER PRICE HK$19.60 PER H SHARE IN GLOBAL OFFERINGNUMBER OF HONG KONG OFFER SHARES 12,384,800 H SHARES UNDER GLOBAL OFFERINGFurther company coverage: [ ] ","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BRIEF-Shanghai Biren Technology Announces Number Of Offer Shares Under Global Offering 247.7 MLN H Shares</title></head><body><p><span>Dec 22 (Reuters)</span><span> - </span></p><ul><li><p>NUMBER OF OFFER SHARES UNDER GLOBAL OFFERING 247.7 MILLION H SHARES</p></li><li><p>MAXIMUM OFFER PRICE HK$19.60 PER H SHARE IN GLOBAL OFFERING</p></li><li><p>NUMBER OF HONG KONG OFFER SHARES 12,384,800 H SHARES UNDER GLOBAL OFFERING</p></li></ul><p>Further company coverage: [ ]</p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-Shanghai Biren Technology Announces Number Of Offer Shares Under Global Offering 247.7 MLN H Shares</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBRIEF-Shanghai Biren Technology Announces Number Of Offer Shares Under Global Offering 247.7 MLN H Shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-12-22 09:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BRIEF-Shanghai Biren Technology Announces Number Of Offer Shares Under Global Offering 247.7 MLN H Shares</title></head><body><p><span>Dec 22 (Reuters)</span><span> - </span></p><ul><li><p>NUMBER OF OFFER SHARES UNDER GLOBAL OFFERING 247.7 MILLION H SHARES</p></li><li><p>MAXIMUM OFFER PRICE HK$19.60 PER H SHARE IN GLOBAL OFFERING</p></li><li><p>NUMBER OF HONG KONG OFFER SHARES 12,384,800 H SHARES UNDER GLOBAL OFFERING</p></li></ul><p>Further company coverage: [ ]</p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"06082":"壁仞科技"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251222:nFWN3XQ035:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2593174076","content_text":"BRIEF-Shanghai Biren Technology Announces Number Of Offer Shares Under Global Offering 247.7 MLN H SharesDec 22 (Reuters) - NUMBER OF OFFER SHARES UNDER GLOBAL OFFERING 247.7 MILLION H SHARESMAXIMUM OFFER PRICE HK$19.60 PER H SHARE IN GLOBAL OFFERINGNUMBER OF HONG KONG OFFER SHARES 12,384,800 H SHARES UNDER GLOBAL OFFERINGFurther company coverage: [ ] ((Reuters.Briefs@thomsonreuters.com;))","news_type":1,"symbols_score_info":{"06082":0.9}},"isVote":1,"tweetType":1,"viewCount":496,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":527429393761800,"gmtCreate":1769789009019,"gmtModify":1769789012841,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"News biren tecnology?","listText":"News biren tecnology?","text":"News biren tecnology?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/527429393761800","repostId":"2607233096","repostType":2,"repost":{"id":"2607233096","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1769756296,"share":"https://ttm.financial/m/news/2607233096?lang=en_US&edition=fundamental","pubTime":"2026-01-30 14:58","market":"us","language":"en","title":"China Conditionally Approves DeepSeek To Buy Nvidia's H200 Chips  - Sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2607233096","media":"Reuters","summary":"SINGAPORE, Jan 30 (Reuters) - China has given its top AI startup DeepSeek approval to buy Nvidia's NVDA.O H200 artificial intelligence chips with regulatory conditions that are still being finalised,...","content":"<html><head></head><body><p>SINGAPORE, Jan 30 (Reuters) - China has given its top AI startup DeepSeek approval to buy Nvidia&#39;s NVDA.O H200 artificial intelligence chips with regulatory conditions that are still being finalised, two people familiar with the matter told Reuters.</p><p>Reuters reported on Wednesday, citing sources, that ByteDance, Alibaba 9988.HK and Tencent 0700.HK had been given permission to purchase more than 400,000 H200 chips in total.</p><p>Nvidia CEO Jensen Huang told reporters in Taipei on Thursday that his company had not received such information. He added that he believed that China was still finalising the licence. Nvidia did not respond to a request for comment on DeepSeek&#39;s approval.</p><p>China&#39;s industry and commerce ministries have granted approvals for all four companies, but have stipulated that they will impose conditions that are still being finalised, the sources said. These conditions are being decided by China&#39;s state planner, the National Development and Reform Commission (NDRC), according to one of the people.</p><p>China&#39;s Ministry of Industry and Information Technology, Ministry of Commerce and NDRC did not answer requests for comment.</p><p>DeepSeek, which rattled the global tech sector early last year by rolling out AI models that cost a fraction of those being developed by U.S. rivals such as OpenAI, did not answer a request for comment.</p><p>The H200, Nvidia&#39;s second most powerful AI chip, has emerged as a major flashpoint in U.S.-China relations. Despite strong demand from Chinese firms and U.S. approval for exports, Beijing&#39;s hesitation to allow imports has been the main barrier to shipments.</p><p>The U.S. earlier this month formally cleared the way for Nvidia to sell the H200 to China, where the company is seeing strong appetite. However, Chinese authorities have the final say on whether they would allow it to be shipped in.</p><p>Any purchases of H200 chips by DeepSeek could draw scrutiny by U.S lawmakers. Reuters reported on Wednesday that a senior U.S lawmaker had alleged that Nvidia had helped DeepSeek hone artificial intelligence models that were later used by the Chinese military, according to a letter sent to U.S. Commerce Secretary Howard Lutnick.</p><p>DeepSeek is expected to launch its next-generation AI model V4, featuring strong coding capabilities, in mid-February, The Information reported earlier this month.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Conditionally Approves DeepSeek To Buy Nvidia's H200 Chips  - Sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Conditionally Approves DeepSeek To Buy Nvidia's H200 Chips  - Sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-01-30 14:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SINGAPORE, Jan 30 (Reuters) - China has given its top AI startup DeepSeek approval to buy Nvidia&#39;s NVDA.O H200 artificial intelligence chips with regulatory conditions that are still being finalised, two people familiar with the matter told Reuters.</p><p>Reuters reported on Wednesday, citing sources, that ByteDance, Alibaba 9988.HK and Tencent 0700.HK had been given permission to purchase more than 400,000 H200 chips in total.</p><p>Nvidia CEO Jensen Huang told reporters in Taipei on Thursday that his company had not received such information. He added that he believed that China was still finalising the licence. Nvidia did not respond to a request for comment on DeepSeek&#39;s approval.</p><p>China&#39;s industry and commerce ministries have granted approvals for all four companies, but have stipulated that they will impose conditions that are still being finalised, the sources said. These conditions are being decided by China&#39;s state planner, the National Development and Reform Commission (NDRC), according to one of the people.</p><p>China&#39;s Ministry of Industry and Information Technology, Ministry of Commerce and NDRC did not answer requests for comment.</p><p>DeepSeek, which rattled the global tech sector early last year by rolling out AI models that cost a fraction of those being developed by U.S. rivals such as OpenAI, did not answer a request for comment.</p><p>The H200, Nvidia&#39;s second most powerful AI chip, has emerged as a major flashpoint in U.S.-China relations. Despite strong demand from Chinese firms and U.S. approval for exports, Beijing&#39;s hesitation to allow imports has been the main barrier to shipments.</p><p>The U.S. earlier this month formally cleared the way for Nvidia to sell the H200 to China, where the company is seeing strong appetite. However, Chinese authorities have the final say on whether they would allow it to be shipped in.</p><p>Any purchases of H200 chips by DeepSeek could draw scrutiny by U.S lawmakers. Reuters reported on Wednesday that a senior U.S lawmaker had alleged that Nvidia had helped DeepSeek hone artificial intelligence models that were later used by the Chinese military, according to a letter sent to U.S. Commerce Secretary Howard Lutnick.</p><p>DeepSeek is expected to launch its next-generation AI model V4, featuring strong coding capabilities, in mid-February, The Information reported earlier this month.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0106959298.USD":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","LU0823414551.USD":"BNP PARIBAS ENERGY TRANSITION \"C\" (USD) INC","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1226287792.SGD":"UBS (LUX) KEY SEL S-CHINA ALLOCATION OPP \"P\" (SGDHDG) INC","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","LU1734074674.USD":"NINETY ONE GSF ASIA PACIFIC FRANCHISE \"A\"(USD) ACC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0029874905.USD":"TEMPLETON EMERGING MARKETS \"A\" INC","BK4592":"伊斯兰概念","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","LU1629966141.USD":"Aberdeen Standard SICAV I - 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China has given its top AI startup DeepSeek approval to buy Nvidia's NVDA.O H200 artificial intelligence chips with regulatory conditions that are still being finalised, two people familiar with the matter told Reuters.Reuters reported on Wednesday, citing sources, that ByteDance, Alibaba 9988.HK and Tencent 0700.HK had been given permission to purchase more than 400,000 H200 chips in total.Nvidia CEO Jensen Huang told reporters in Taipei on Thursday that his company had not received such information. He added that he believed that China was still finalising the licence. Nvidia did not respond to a request for comment on DeepSeek's approval.China's industry and commerce ministries have granted approvals for all four companies, but have stipulated that they will impose conditions that are still being finalised, the sources said. These conditions are being decided by China's state planner, the National Development and Reform Commission (NDRC), according to one of the people.China's Ministry of Industry and Information Technology, Ministry of Commerce and NDRC did not answer requests for comment.DeepSeek, which rattled the global tech sector early last year by rolling out AI models that cost a fraction of those being developed by U.S. rivals such as OpenAI, did not answer a request for comment.The H200, Nvidia's second most powerful AI chip, has emerged as a major flashpoint in U.S.-China relations. Despite strong demand from Chinese firms and U.S. approval for exports, Beijing's hesitation to allow imports has been the main barrier to shipments.The U.S. earlier this month formally cleared the way for Nvidia to sell the H200 to China, where the company is seeing strong appetite. However, Chinese authorities have the final say on whether they would allow it to be shipped in.Any purchases of H200 chips by DeepSeek could draw scrutiny by U.S lawmakers. Reuters reported on Wednesday that a senior U.S lawmaker had alleged that Nvidia had helped DeepSeek hone artificial intelligence models that were later used by the Chinese military, according to a letter sent to U.S. Commerce Secretary Howard Lutnick.DeepSeek is expected to launch its next-generation AI model V4, featuring strong coding capabilities, in mid-February, The Information reported earlier this month.","news_type":1,"symbols_score_info":{"NVDA":2}},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":522287459795672,"gmtCreate":1768546799114,"gmtModify":1768546802382,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/06082\">$BIREN TECH(06082)$ </a> confianza plena en tecnología biren","listText":"<a href=\"https://ttm.financial/S/06082\">$BIREN TECH(06082)$ </a> confianza plena en tecnología biren","text":"$BIREN TECH(06082)$ confianza plena en tecnología biren","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/522287459795672","isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":521650694414776,"gmtCreate":1768372885461,"gmtModify":1768372888735,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/06082\">$BIREN TECH(06082)$ </a> confianza en proyecto","listText":"<a href=\"https://ttm.financial/S/06082\">$BIREN TECH(06082)$ </a> confianza en proyecto","text":"$BIREN TECH(06082)$ confianza en proyecto","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/521650694414776","isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":521649600086456,"gmtCreate":1768372618291,"gmtModify":1768373474545,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Que le pasa a biren tecnology que no repunta?","listText":"Que le pasa a biren tecnology que no repunta?","text":"Que le pasa a biren tecnology que no repunta?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/521649600086456","isVote":1,"tweetType":1,"viewCount":828,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":516003543556120,"gmtCreate":1766998064173,"gmtModify":1767000182678,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Traslate to spanish&nbsp;","listText":"Traslate to spanish&nbsp;","text":"Traslate to spanish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/516003543556120","repostId":"1143049716","repostType":2,"repost":{"id":"1143049716","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1766398023,"share":"https://ttm.financial/m/news/1143049716?lang=en_US&edition=fundamental","pubTime":"2025-12-22 18:07","market":"other","language":"en","title":"China's \"Four GPU Dragons\" Converge in IPO Race","url":"https://stock-news.laohu8.com/highlight/detail?id=1143049716","media":"Deep News","summary":"As global computing power competition intensifies, China's GPU industry is witnessing a historic collective breakthrough. Following Moore Thread's listing with a market cap exceeding 300 billion yuan...","content":"<p>As global computing power competition intensifies, China's GPU industry is witnessing a historic collective breakthrough. Following Moore Thread's listing with a market cap exceeding 300 billion yuan on the STAR Market, BIREN TECH has passed the Hong Kong Stock Exchange hearing while MetaX and Tianshu Zhixin are preparing their IPOs—completing the quartet of domestic GPU leaders entering capital markets.</p>\n<p>Though operating in the same sector, these companies demonstrate distinct strategies: from platform-based full-stack ecosystems to quarter-focused profitability and national computing hub partnerships. Each firm is carving unique market niches.</p>\n<p>**Tianshu Zhixin: First-Mover Advantage with Dual Product Lines**  \nAs China's earliest general-purpose GPU designer, Tianshu Zhixin leveraged its first-mover position in mass production to establish supply chain stability. Its Tiankai (training) and Zhikai (inference) product lines have shipped over 53,000 units, driving revenue to 324 million yuan in H1 2025—surpassing its full-year 2023 performance. Client concentration dropped sharply from 94.2% to 38.6% among top five customers since 2022, reflecting broadening market acceptance.</p>\n<p>**Moore Thread: Ecosystem-Centric Platform Play**  \nThe STAR Market newcomer commands a 300+ billion yuan valuation for its MUSA architecture GPUs that simultaneously handle AI, graphics, and scientific computing. Its MTT S80 GPU approaches NVIDIA RTX3060 performance, with five AI clusters sold in H1 2025. Though unprofitable, projected 240% revenue growth to 1.5 billion yuan in 2025 and 70% gross margins signal strong potential.</p>\n<p>**BIREN TECH: State-Backed Infrastructure Specialist**  \nPoised to become Hong Kong's first domestic GPU listing, BIREN TECH recorded 2,500% CAGR revenue growth to 337 million yuan in 2024. Backed by Shanghai State-Owned Capital and others, it specializes in 1,000-GPU clusters and Chiplet technology, having delivered a 180 million yuan telecom operator project. Its rapid adaptation to models like DeepSeek strengthens its position as core infrastructure provider.</p>\n<p>**MetaX: First to Quarterly Profitability**  \nThe AMD-alumni-led firm achieved a 466 million yuan Q2 2025 profit—the first among peers—after its shares surged 568% on debut. With three product lines covering AI/general computing and graphics, MetaX expects 2025 revenue to exceed 1.5 billion yuan. Its Xi Cloud C700 chip targets NVIDIA H100 performance, while cumulative GPU sales surpassed 25,000 units deployed across national computing platforms.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's \"Four GPU Dragons\" Converge in IPO Race</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's \"Four GPU Dragons\" Converge in IPO Race\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2025-12-22 18:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>As global computing power competition intensifies, China's GPU industry is witnessing a historic collective breakthrough. Following Moore Thread's listing with a market cap exceeding 300 billion yuan on the STAR Market, BIREN TECH has passed the Hong Kong Stock Exchange hearing while MetaX and Tianshu Zhixin are preparing their IPOs—completing the quartet of domestic GPU leaders entering capital markets.</p>\n<p>Though operating in the same sector, these companies demonstrate distinct strategies: from platform-based full-stack ecosystems to quarter-focused profitability and national computing hub partnerships. Each firm is carving unique market niches.</p>\n<p>**Tianshu Zhixin: First-Mover Advantage with Dual Product Lines**  \nAs China's earliest general-purpose GPU designer, Tianshu Zhixin leveraged its first-mover position in mass production to establish supply chain stability. Its Tiankai (training) and Zhikai (inference) product lines have shipped over 53,000 units, driving revenue to 324 million yuan in H1 2025—surpassing its full-year 2023 performance. Client concentration dropped sharply from 94.2% to 38.6% among top five customers since 2022, reflecting broadening market acceptance.</p>\n<p>**Moore Thread: Ecosystem-Centric Platform Play**  \nThe STAR Market newcomer commands a 300+ billion yuan valuation for its MUSA architecture GPUs that simultaneously handle AI, graphics, and scientific computing. Its MTT S80 GPU approaches NVIDIA RTX3060 performance, with five AI clusters sold in H1 2025. Though unprofitable, projected 240% revenue growth to 1.5 billion yuan in 2025 and 70% gross margins signal strong potential.</p>\n<p>**BIREN TECH: State-Backed Infrastructure Specialist**  \nPoised to become Hong Kong's first domestic GPU listing, BIREN TECH recorded 2,500% CAGR revenue growth to 337 million yuan in 2024. Backed by Shanghai State-Owned Capital and others, it specializes in 1,000-GPU clusters and Chiplet technology, having delivered a 180 million yuan telecom operator project. Its rapid adaptation to models like DeepSeek strengthens its position as core infrastructure provider.</p>\n<p>**MetaX: First to Quarterly Profitability**  \nThe AMD-alumni-led firm achieved a 466 million yuan Q2 2025 profit—the first among peers—after its shares surged 568% on debut. With three product lines covering AI/general computing and graphics, MetaX expects 2025 revenue to exceed 1.5 billion yuan. Its Xi Cloud C700 chip targets NVIDIA H100 performance, while cumulative GPU sales surpassed 25,000 units deployed across national computing platforms.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","SGXZ81514606.USD":"大华环球创新基金A Acc USD","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU2413666699.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"CRH\" (HKDHDG) INC","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC A","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - 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Following Moore Thread's listing with a market cap exceeding 300 billion yuan on the STAR Market, BIREN TECH has passed the Hong Kong Stock Exchange hearing while MetaX and Tianshu Zhixin are preparing their IPOs—completing the quartet of domestic GPU leaders entering capital markets.\nThough operating in the same sector, these companies demonstrate distinct strategies: from platform-based full-stack ecosystems to quarter-focused profitability and national computing hub partnerships. Each firm is carving unique market niches.\n**Tianshu Zhixin: First-Mover Advantage with Dual Product Lines**  \nAs China's earliest general-purpose GPU designer, Tianshu Zhixin leveraged its first-mover position in mass production to establish supply chain stability. Its Tiankai (training) and Zhikai (inference) product lines have shipped over 53,000 units, driving revenue to 324 million yuan in H1 2025—surpassing its full-year 2023 performance. Client concentration dropped sharply from 94.2% to 38.6% among top five customers since 2022, reflecting broadening market acceptance.\n**Moore Thread: Ecosystem-Centric Platform Play**  \nThe STAR Market newcomer commands a 300+ billion yuan valuation for its MUSA architecture GPUs that simultaneously handle AI, graphics, and scientific computing. Its MTT S80 GPU approaches NVIDIA RTX3060 performance, with five AI clusters sold in H1 2025. Though unprofitable, projected 240% revenue growth to 1.5 billion yuan in 2025 and 70% gross margins signal strong potential.\n**BIREN TECH: State-Backed Infrastructure Specialist**  \nPoised to become Hong Kong's first domestic GPU listing, BIREN TECH recorded 2,500% CAGR revenue growth to 337 million yuan in 2024. Backed by Shanghai State-Owned Capital and others, it specializes in 1,000-GPU clusters and Chiplet technology, having delivered a 180 million yuan telecom operator project. Its rapid adaptation to models like DeepSeek strengthens its position as core infrastructure provider.\n**MetaX: First to Quarterly Profitability**  \nThe AMD-alumni-led firm achieved a 466 million yuan Q2 2025 profit—the first among peers—after its shares surged 568% on debut. With three product lines covering AI/general computing and graphics, MetaX expects 2025 revenue to exceed 1.5 billion yuan. Its Xi Cloud C700 chip targets NVIDIA H100 performance, while cumulative GPU sales surpassed 25,000 units deployed across national computing platforms.","news_type":1,"symbols_score_info":{"NVDS":1,"NVD2.UK":1,"NVD":1,"NVDU":1,"3NVD.UK":1,"06082":1,"NVDA":1,"NVDD":1,"NVDY":1,"NVDL":1,"NVDS.UK":1,"NVDX":1,"SNVD.UK":1,"NVIW.SI":1,"NVD3.UK":1,"AMD":1,"2NVD.UK":1}},"isVote":1,"tweetType":1,"viewCount":572,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":515292488290912,"gmtCreate":1766831400450,"gmtModify":1766831674356,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Traslate to spanish","listText":"Traslate to spanish","text":"Traslate to spanish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/515292488290912","repostId":"2594292319","repostType":2,"repost":{"id":"2594292319","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1766808000,"share":"https://ttm.financial/m/news/2594292319?lang=en_US&edition=fundamental","pubTime":"2025-12-27 12:00","market":"us","language":"en","title":"Stock Market Outlook: 2026 Will Be Another Year of Turning Lemons Into Lemonade","url":"https://stock-news.laohu8.com/highlight/detail?id=2594292319","media":"Dow Jones","summary":"By any objective measure, U.S. stocks have had a pretty spectacular year. Rising from the ashes of President Donald Trump’s Liberation Day tariffs like a phoenix.","content":"<html><head></head><body><p style=\"text-align: start;\">By any objective measure, U.S. stocks have had a pretty spectacular year. Rising from the ashes of President Donald Trump’s Liberation Day tariffs like a phoenix, powered by tech and the artificial intelligence boom, the S&amp;P 500 is on pace for an annual gain of around 18%, with the 7000 point mark firmly in sight.</p><p>But that assessment only reveals the headline portion of the market’s extraordinary comeback, and to understand where stocks might be headed in 2026, it’s useful to consider one of the prime drivers of 2025’s impressive advance: corporate America as a lemonade stand.</p><p>Handed a bag of lemons in the early spring, both in the form of President Trump’s hastily arranged tariff schedule, a hawkish Federal Reserve, and a shrinking U.S. economy, American companies did what they do best. They found a way to make money.</p><p>Tech led the way over the first half of the year, with an impressive set of updates and outlooks that saved the market from its early April collapse and set the tone for the rest of the year. Other sectors followed suit, and by the end of the third quarter, annual S&amp;P 500 profits were on pace to rise more than 13% from last year.</p><p>Third-quarter profits were more widespread, with sectors such as financials, healthcare, and industrials contributing a larger portion of the benchmark’s $602 billion in overall earnings.</p><p style=\"text-align: start;\">The economy was getting dragged along, as well, with GDP growth over the three months ending in October pegged at an astonishing 4.3%. That advance came despite the longest government shutdown on record and a pullback in the AI investment boom triggered by concerns over surging debt levels and worries over the time it will take for AI projects to start turning a profit.</p><p style=\"text-align: start;\">The S&amp;P 500’s recent run, which produced a record high close of 6932 points on Wednesday, has also powered through some pretty hefty drawdowns in its biggest stocks. <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> shares have fallen nearly 9% from their all-time closing peak in late October, while <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> is down 10%, and <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> 8%.</p><p>It’s also worth noting that both the jump in profitability, and the surprise advance in third quarter GDP, came amid a slowdown in the labor market, where headline unemployment now sits at 4.6%, the highest in four years.</p><p style=\"text-align: start;\">That, in many respects, underscores the adaptability of American companies, which have used new technologies such as AI to improve profits while managing the increased costs from tariffs and the impact of stubbornly elevated inflation.</p><p style=\"text-align: start;\">More of the same, in fact, is expected next year. LSEG data suggest collective S&amp;P 500 profits will rise around 15% to $312 a share, a firmer rate of growth than is forecast for the benchmark itself, which is pegged to rise by around 11% from current levels.</p><p style=\"text-align: start;\">That’s a good sign for investors, as it indicates both improving profitability on the corporate side, and stocks becoming more attractive from a price to earnings perspective. In other words, as companies make more money, index gains become more closely tied to fundamentals than sentiment.</p><p style=\"text-align: start;\">A lower PE ratio for the S&amp;P 500, with improving earnings growth for its constituents, is the sign of a healthy market.</p><p style=\"text-align: start;\">External support is also expected to accelerate, with new leadership at the Fed likely to quicken the pace of interest rate cuts, and tailwinds from the One Big Beautiful Bill Act poised to support consumer spending and lower corporate tax rates.</p><p>That’s not to say risks aren’t hovering: this year’s surge in precious metals prices reflects currency debasement, government debt and inflation concerns that aren’t being checked in the bond market. Geopolitical tensions could upend recent declines in oil and gas prices, and a looming Supreme Court ruling on President Trump’s tariff authority could inject another round of chaos into markets over the coming months.</p><p style=\"text-align: start;\">But if 2025 has taught us anything, it’s that the U.S. corporate lemonade stand will find a way to convert what sour citrus it’s forced to assume into a sweet and refreshing glass of new money.</p><p style=\"text-align: start;\">And we can all drink to that.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Market Outlook: 2026 Will Be Another Year of Turning Lemons Into Lemonade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Market Outlook: 2026 Will Be Another Year of Turning Lemons Into Lemonade\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-27 12:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">By any objective measure, U.S. stocks have had a pretty spectacular year. Rising from the ashes of President Donald Trump’s Liberation Day tariffs like a phoenix, powered by tech and the artificial intelligence boom, the S&amp;P 500 is on pace for an annual gain of around 18%, with the 7000 point mark firmly in sight.</p><p>But that assessment only reveals the headline portion of the market’s extraordinary comeback, and to understand where stocks might be headed in 2026, it’s useful to consider one of the prime drivers of 2025’s impressive advance: corporate America as a lemonade stand.</p><p>Handed a bag of lemons in the early spring, both in the form of President Trump’s hastily arranged tariff schedule, a hawkish Federal Reserve, and a shrinking U.S. economy, American companies did what they do best. They found a way to make money.</p><p>Tech led the way over the first half of the year, with an impressive set of updates and outlooks that saved the market from its early April collapse and set the tone for the rest of the year. Other sectors followed suit, and by the end of the third quarter, annual S&amp;P 500 profits were on pace to rise more than 13% from last year.</p><p>Third-quarter profits were more widespread, with sectors such as financials, healthcare, and industrials contributing a larger portion of the benchmark’s $602 billion in overall earnings.</p><p style=\"text-align: start;\">The economy was getting dragged along, as well, with GDP growth over the three months ending in October pegged at an astonishing 4.3%. That advance came despite the longest government shutdown on record and a pullback in the AI investment boom triggered by concerns over surging debt levels and worries over the time it will take for AI projects to start turning a profit.</p><p style=\"text-align: start;\">The S&amp;P 500’s recent run, which produced a record high close of 6932 points on Wednesday, has also powered through some pretty hefty drawdowns in its biggest stocks. <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> shares have fallen nearly 9% from their all-time closing peak in late October, while <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> is down 10%, and <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> 8%.</p><p>It’s also worth noting that both the jump in profitability, and the surprise advance in third quarter GDP, came amid a slowdown in the labor market, where headline unemployment now sits at 4.6%, the highest in four years.</p><p style=\"text-align: start;\">That, in many respects, underscores the adaptability of American companies, which have used new technologies such as AI to improve profits while managing the increased costs from tariffs and the impact of stubbornly elevated inflation.</p><p style=\"text-align: start;\">More of the same, in fact, is expected next year. LSEG data suggest collective S&amp;P 500 profits will rise around 15% to $312 a share, a firmer rate of growth than is forecast for the benchmark itself, which is pegged to rise by around 11% from current levels.</p><p style=\"text-align: start;\">That’s a good sign for investors, as it indicates both improving profitability on the corporate side, and stocks becoming more attractive from a price to earnings perspective. In other words, as companies make more money, index gains become more closely tied to fundamentals than sentiment.</p><p style=\"text-align: start;\">A lower PE ratio for the S&amp;P 500, with improving earnings growth for its constituents, is the sign of a healthy market.</p><p style=\"text-align: start;\">External support is also expected to accelerate, with new leadership at the Fed likely to quicken the pace of interest rate cuts, and tailwinds from the One Big Beautiful Bill Act poised to support consumer spending and lower corporate tax rates.</p><p>That’s not to say risks aren’t hovering: this year’s surge in precious metals prices reflects currency debasement, government debt and inflation concerns that aren’t being checked in the bond market. Geopolitical tensions could upend recent declines in oil and gas prices, and a looming Supreme Court ruling on President Trump’s tariff authority could inject another round of chaos into markets over the coming months.</p><p style=\"text-align: start;\">But if 2025 has taught us anything, it’s that the U.S. corporate lemonade stand will find a way to convert what sour citrus it’s forced to assume into a sweet and refreshing glass of new money.</p><p style=\"text-align: start;\">And we can all drink to that.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","BK4503":"景林资产持仓","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4504":"桥水持仓","LU0302445910.USD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" ACC","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU1564329115.USD":"Blackrock Dynamic High Income A6 USD","LU1564329461.SGD":"Blackrock Dynamic High Income A6 SGD-H","LU0894486033.HKD":"SCHRODER ISF GLOBAL MULTI-ASSET INCOME \"A\" (HKD) INC MF","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","LU0894485498.HKD":"SCHRODER ISF GLOBAL MULTI-ASSET INCOME \"A\" (HKD) ACC","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC A","LU0861579265.USD":"联博低波幅策略股票基金A","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU1188199696.SGD":"Schroder ISF Global Multi-Asset Income A Dis SGD","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU1582986359.USD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (USDHDG) ACC","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - 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Rising from the ashes of President Donald Trump’s Liberation Day tariffs like a phoenix, powered by tech and the artificial intelligence boom, the S&P 500 is on pace for an annual gain of around 18%, with the 7000 point mark firmly in sight.But that assessment only reveals the headline portion of the market’s extraordinary comeback, and to understand where stocks might be headed in 2026, it’s useful to consider one of the prime drivers of 2025’s impressive advance: corporate America as a lemonade stand.Handed a bag of lemons in the early spring, both in the form of President Trump’s hastily arranged tariff schedule, a hawkish Federal Reserve, and a shrinking U.S. economy, American companies did what they do best. They found a way to make money.Tech led the way over the first half of the year, with an impressive set of updates and outlooks that saved the market from its early April collapse and set the tone for the rest of the year. Other sectors followed suit, and by the end of the third quarter, annual S&P 500 profits were on pace to rise more than 13% from last year.Third-quarter profits were more widespread, with sectors such as financials, healthcare, and industrials contributing a larger portion of the benchmark’s $602 billion in overall earnings.The economy was getting dragged along, as well, with GDP growth over the three months ending in October pegged at an astonishing 4.3%. That advance came despite the longest government shutdown on record and a pullback in the AI investment boom triggered by concerns over surging debt levels and worries over the time it will take for AI projects to start turning a profit.The S&P 500’s recent run, which produced a record high close of 6932 points on Wednesday, has also powered through some pretty hefty drawdowns in its biggest stocks. Nvidia shares have fallen nearly 9% from their all-time closing peak in late October, while Microsoft is down 10%, and Amazon 8%.It’s also worth noting that both the jump in profitability, and the surprise advance in third quarter GDP, came amid a slowdown in the labor market, where headline unemployment now sits at 4.6%, the highest in four years.That, in many respects, underscores the adaptability of American companies, which have used new technologies such as AI to improve profits while managing the increased costs from tariffs and the impact of stubbornly elevated inflation.More of the same, in fact, is expected next year. LSEG data suggest collective S&P 500 profits will rise around 15% to $312 a share, a firmer rate of growth than is forecast for the benchmark itself, which is pegged to rise by around 11% from current levels.That’s a good sign for investors, as it indicates both improving profitability on the corporate side, and stocks becoming more attractive from a price to earnings perspective. In other words, as companies make more money, index gains become more closely tied to fundamentals than sentiment.A lower PE ratio for the S&P 500, with improving earnings growth for its constituents, is the sign of a healthy market.External support is also expected to accelerate, with new leadership at the Fed likely to quicken the pace of interest rate cuts, and tailwinds from the One Big Beautiful Bill Act poised to support consumer spending and lower corporate tax rates.That’s not to say risks aren’t hovering: this year’s surge in precious metals prices reflects currency debasement, government debt and inflation concerns that aren’t being checked in the bond market. Geopolitical tensions could upend recent declines in oil and gas prices, and a looming Supreme Court ruling on President Trump’s tariff authority could inject another round of chaos into markets over the coming months.But if 2025 has taught us anything, it’s that the U.S. corporate lemonade stand will find a way to convert what sour citrus it’s forced to assume into a sweet and refreshing glass of new money.And we can all drink to that.","news_type":1,"symbols_score_info":{".IXIC":2,".SPX":2,".DJI":2}},"isVote":1,"tweetType":1,"viewCount":550,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":514942688399896,"gmtCreate":1766746101808,"gmtModify":1766752914943,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Buenos días Cómo puedo cambiar idioma de la aplicación a español?","listText":"Buenos días Cómo puedo cambiar idioma de la aplicación a español?","text":"Buenos días Cómo puedo cambiar idioma de la aplicación a español?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/514942688399896","repostId":"2593174076","repostType":2,"repost":{"id":"2593174076","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1766367152,"share":"https://ttm.financial/m/news/2593174076?lang=en_US&edition=fundamental","pubTime":"2025-12-22 09:32","market":"nz","language":"en","title":"BRIEF-Shanghai Biren Technology Announces Number Of Offer Shares Under Global Offering 247.7 MLN H Shares","url":"https://stock-news.laohu8.com/highlight/detail?id=2593174076","media":"Reuters","summary":"BRIEF-Shanghai Biren Technology Announces Number Of Offer Shares Under Global Offering 247.7 MLN H SharesDec 22  - NUMBER OF OFFER SHARES UNDER GLOBAL OFFERING 247.7 MILLION H SHARESMAXIMUM OFFER PRICE HK$19.60 PER H SHARE IN GLOBAL OFFERINGNUMBER OF HONG KONG OFFER SHARES 12,384,800 H SHARES UNDER GLOBAL OFFERINGFurther company coverage: [ ] ","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BRIEF-Shanghai Biren Technology Announces Number Of Offer Shares Under Global Offering 247.7 MLN H Shares</title></head><body><p><span>Dec 22 (Reuters)</span><span> - </span></p><ul><li><p>NUMBER OF OFFER SHARES UNDER GLOBAL OFFERING 247.7 MILLION H SHARES</p></li><li><p>MAXIMUM OFFER PRICE HK$19.60 PER H SHARE IN GLOBAL OFFERING</p></li><li><p>NUMBER OF HONG KONG OFFER SHARES 12,384,800 H SHARES UNDER GLOBAL OFFERING</p></li></ul><p>Further company coverage: [ ]</p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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