To The Moon

Some thoughts from attending the Yunqi Conference: 1. Although the cost of inference has been greatly reduced (the call price of Tongyi Qianwen API on Alibaba Cloud Bailian has dropped by 97%), scaling laws are still in effect, which requires manufacturers to increase capital expenditures to solve the problem. Wu Yongming said that "the investment threshold for advanced model competition in the world will reach billions and tens of billions of US dollars." The industry still focuses on capital investment. In the future, who will win the big model will not only be determined by technology, but also by the computing power reserves accumulated by funds; 2. At present, the application of AIGC is still at the mobile app stage (from ChatGPT to domestic manufacturers, all use apps as the main pat

$XIAOMI-W(01810)$  1. As the first car of the Xiaomi automobile brand, Xiaomi SU7 has achieved "delivery as soon as it is released, and volume increases as soon as it is delivered". It has reached a monthly delivery level of 10,000 units in 3 months, and is expected to deliver more than 100,000 units in November 2024, and a total of more than 120,000 units in 2024 (actually expected to be higher), far ahead of the same period level after the first car of other new car-making forces started delivery. 2. It is extremely difficult for the first car of a new car brand to succeed, because in addition to obtaining user orders, it is also necessary to manage an extremely complex automobile supply chain, factory produc

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Micron Technology, Inc.'s third quarter fiscal year 2024 financial results for some basic analysis. In terms of revenue, the revenue for this quarter was $6.811 billion, a 17% increase from $5.824 billion in the previous quarter, and also significantly exceeded the $3.752 billion in the same period last year, showing a clear growth momentum. In terms of net profit, according to generally accepted accounting principles (GAAP), the net income for this quarter was $332 million, or $0.30 per share, compared with $122 million in the previous quarter and a loss of $668 million in the same period last year. Under non-GAAP standards, the net income for this quarter was $702 million, or $0.62 per share, compared with $582 million in the previous quarter and a loss of $603 million in the same period

If nothing unexpected happens$Tesla Motors(TSLA)$   Tesla.US's Grand Plan 4 will put electric vehicles in a secondary category. At present, even in China, where the new energy vehicle industry is the most developed, the leading companies have been valued as traditional car companies. As the penetration rate further exceeds 50%, the imagination of this industry will be greatly stifled, and the only variable will be intelligent driving. Unfortunately,$BYD COMPANY(01211)$ $NIO Inc.(NIO)$   BYD Co., Ltd.HK, as the leader, has basically planted its core indicato

$Apple(AAPL)$  ChatGPT is integrated into iOS, which is very unwise. I have been using this software since chatgpt2. At that time, the software was still very silly and often made mistakes, but it has been iterated several times. The cleverness is far beyond our imagination, you can use it to get any information you want, it will query any information currently exist on the Internet in the form of data, and you can even summarize it for you according to your search habits, and it will further explain what you don't understand. When this clever thing is not in the form of hardware or software, but relies on the network or operating system to integrate into the mobile phone, then the center of all your information will

$NIO Inc.(NIO)$  ’s financial report is predictably bad, just like the analysis I wrote earlier this year, but it also depends on what strategies they can use. With the current cash reserves on hand, developing new models of their own will only cause greater losses than the current losses. Just look at the Xi’an price list released by Sang Zhiwei today. Xiaopeng’s entire series starts at 30% off, including the X9. It can be seen that the competitive environment has been very bad so far this year (Xiaomi’s honeymoon period was mainly assisted by Tesla, which chose to maintain prices but not volume, so it naturally sank). It is best not to launch low-profit projects. The Ideal L6 next door has been precipitated for almo

It will further push the expectations of the secondary market down. Looking at the recent sales and orders, there is actually no big problem, but the market's judgment of value has always been a mystery. So far this year, except for the only king$BYD COMPANY(01211)$  BYD, the other variables are particularly large, and it is impossible to use rational analysis to do too much. I personally think that domestic new energy vehicle companies have now launched a wave of overly fierce value-zero competition system, which has led to the fact that car companies will not make money in the short term. Any bad news can immediately shatter the story that has been told for a long time, and funds have also begun to raise the

The mainland real estate market is undergoing in-depth transformation, and the technology-driven one-stop new residential service platform Shell$BEKE-W(02423)$ -W.HK's first-quarter performance is still stable, with a net income of 16.4 billion yuan (RMB ‧ the same below), which exceeds market expectations, and the adjusted net profit is 1.392 billion yuan. Among them, the "Three Wings" business has achieved remarkable results. The net income of home improvement home furnishing is 2.4 billion yuan, an increase of 71.1% year-on-year, and the income from housing leasing services has reached 2.6 billion yuan, an increase of 189.3% year-on-year. Peng Yongdong, co-founder, chairman and CEO of Shell, said: "With the gradual role of the stock housing m