LongPort - 最新资讯

AI Power Crunch: Is BE the Answer?

Dolphin Research

How much upside is left for BEKE? What is the room to run from here?

Meta Platforms Looks Set to Abandon a $174 Billion Investment to Fuel Its AI Ambitions

Motley Fool

Meta Platforms is reportedly considering abandoning its $174 billion share repurchase program to fund aggressive AI infrastructure investments. Having retired nearly 12.7% of shares since 2017, Meta halted buybacks in Q3 2025 as capital expenditures for AI surge. The company may issue equity to reverse past buybacks, balancing immediate AI benefits against potential short-term stock volatility and historical bubble risks.

BABA Qwen 3.8 challenges Fable 5; Tencent doubles down on embodied AI | Daily News Recap

Dolphin Research

Jul 20 | Dolphin Research Focus: 🐬 Macro/Industry — HKEX is evaluating a trading-hours reform, planning to scrap the current 12:00–13:00 lunch break and extend the overall session length. The proposal remains in the study phase, with market feedback to be solicited from brokers and institutions.

The objective is to increase overlap with US/EU and onshore A-share trading windows. HKEX also seeks to enhance Hong Kong market liquidity and global competitiveness.

Near term, the headline is positive for HKEX. However, longer hours would raise staffing and ops costs for brokers and asset managers, and there is still debate over whether it can materially lift turnover in the medium to long term...

One Date Nvidia Investors Should Not Overlook This July

Motley Fool

Nvidia investors should monitor Microsoft's July 29 earnings report, as hyperscalers like Microsoft are major Nvidia customers. Strong cloud growth and high capex guidance from Microsoft would signal continued AI infrastructure spending, benefiting Nvidia. Additionally, Alphabet's planned spending increases and Nvidia's strong order backlog for Blackwell and Vera Rubin architectures highlight its market leadership and future growth potential.

Alphabet's Gemini 3.5 Pro Is Late and the Stock Is Slipping. Is the AI Leader Falling Behind?

Motley Fool

Alphabet's stock slipped ~15% as its flagship AI model, Gemini 3.5 Pro, missed its June launch deadline due to coding capability improvements. Despite the delay and concerns about rivals like OpenAI, Alphabet reported strong Q1 results with 22% revenue growth and surging Google Cloud demand. The article argues that while the delay is notable, it does not yet undermine the company's investment case or robust financial performance.

Elon Musk's Tesla Remains One of the Last Great Founder-Led Tech Giants. Is the Stock a Buy Before July 22?

Motley Fool

Tesla, a rare founder-led tech giant under Elon Musk, faces high expectations ahead of its July 22 Q2 earnings report. While EV sales rebounded with a 25% increase in Q2, the stock is down 15% year-to-date. Growth drivers include services revenue and future prospects like Optimus robots and unsupervised FSD. Analysts see an 11.5% upside to $425, viewing the investment as a bet on Musk's vision amid competition from Rivian and Chinese automakers.

A Hidden Threat for Micron? Apple Is Eyeing a Fix for AI Memory Demands

Motley Fool

Apple is exploring a partnership with AI startup PrismML to reduce on-device memory demands by 15x, potentially mitigating rising chip costs. This development poses a threat to Micron Technology's high profit margins, as increased memory efficiency could lower demand for physical chips. However, Micron remains optimistic due to surging overall market demand driven by AI data centers, autonomous vehicles, and robotics, suggesting that long-term growth opportunities persist despite potential margin pressures.

Tesla Heads Into Its July 22 Earnings Down 22%, and One Firm Sees a 67% Plunge From Here. Who's Right?

Motley Fool

Tesla reports Q2 deliveries of 480,126 vehicles, up 25% year-over-year, yet its stock has fallen 22%. Wells Fargo maintains an underweight rating with a $130 price target, citing shrinking margins due to price cuts and rising costs. The article contrasts this bearish view on profitability against the bull case focused on volume growth, energy storage rebound, and autonomous driving progress. Investors are advised to watch for margin recovery in the upcoming July 22 earnings report.

AMD Just Passed Nvidia at the Top of a $45 Billion Semiconductor ETF. Micron Is Closing In.

Motley Fool

As of July 15, AMD surpassed Nvidia as the largest holding in the $45 billion iShares Semiconductor ETF (SOXX), with weights of 8.51% versus 8.35%. This shift reflects AMD's stronger stock momentum since the June rebalance, driven by its 200% annual gain compared to Nvidia's 22%, despite Nvidia's larger market cap. Micron Technology is also rising rapidly, nearing the top three positions.

Warren Buffett Is Behind Berkshire Hathaway's Massive Alphabet Investment. Here's What He Likes About the Company.

Motley Fool

Warren Buffett confirmed he initiated Berkshire Hathaway's massive investment in Alphabet, contradicting speculation that new CEO Greg Abel was behind it. Buffett values Alphabet for its ability to generate high returns on capital and substantial free cash flow. He believes the company is uniquely positioned to deploy hundreds of billions into AI infrastructure, leveraging its full-stack cloud platform and custom TPUs to achieve above-market returns.

Alphabet vs. Apple: Which Warren Buffett Favorite Is the Better Stock to Buy Today?

Motley Fool

The article compares Warren Buffett's tech holdings, Apple and Alphabet, concluding Alphabet is the better buy. While Apple boasts a strong ecosystem and services revenue, its valuation is high with a forward P/E near 35x. Conversely, Alphabet offers significant AI advantages through custom TPUs and consumer AI integration, trading at a cheaper forward P/E below 25x. The author argues Alphabet's valuation discount and growth potential make it the superior investment choice today.

Microsoft Stock Is Down 27% From Its All-Time High. 2 Reasons It Could Double by 2030.

Motley Fool

Microsoft stock is down 27% from its all-time high due to heavy AI capital spending, but analysts project it could double by 2030. Key drivers include leveraging a large enterprise customer base with over 20 million Copilot seats and unlocking a $627 billion cloud backlog. Despite near-term margin concerns, long-term investments in AI efficiency and Azure growth support strong earnings projections.

Mark Zuckerberg's Meta Is Putting Its In-House Iris AI Chip Into Production in September as Part of a Plan to Double Its Computing Capacity to 14 Gigawatts

Motley Fool

Meta plans to mass-produce its custom Iris AI chip in September and aims to double data center capacity to 14 gigawatts by 2027. This strategic move, developed with Broadcom and manufactured by TSMC, seeks to lower AI computing costs and enhance advertising efficiency for its 3.5 billion daily active users. Despite heavy capital expenditure pressures affecting near-term earnings, Meta's strong gross margins and cash flow position it for potential valuation re-rating as an AI leader.

Alphabet Will Report Q2 Earnings on July 22. Here's Who Owns GOOGL Stock

Tip Ranks

Alphabet (GOOGL) will report Q2 earnings on July 22. Wall Street remains bullish, citing AI-driven growth in Google Cloud and TPU adoption, alongside Search engine AI integrations. Meanwhile, TipRanks launched the RANK ETF tracking its US Momentum Analysts Index. GOOGL is up 13% YTD and 94% over the past year. Ownership data shows public companies and individuals hold 49.18%, followed by ETFs (22.03%), mutual funds (21.63%), insiders (6.65%), and other institutions (0.51%).

Asia-Pac markets tumble; Tencent launches SkillPay, an Agent paid‑skill monetization platform | Daily News Recap

Dolphin Research

0717 | Dolphin Focus: Daily News Recap | Dolphin Research 🐬 Macro/Industry 1: APAC equities weakened across the board by midday, marking the worst showing in months as heavy selling in AI and semis triggered outflows. Japan and Taiwan led declines, with TSM's results falling short of lofty expectations and dragging the broader chip supply chain lower.

A-shares fell for a third straight session, the STAR 50 is tracking for its worst week on record, and chip names corrected early after stretched valuations. Hong Kong stocks weakened in tandem...

SpaceX, Alphabet, and SK Hynix Are Quietly Flashing a Bullish Signal Investors Should Not Ignore

Motley Fool

SpaceX, Alphabet, and SK Hynix are signaling strong continued investment in AI infrastructure, suggesting accelerating demand rather than a spending cliff. SpaceX increased AI capex significantly, Alphabet plans $180-$190 billion in annual spending, and SK Hynix committed to major capacity expansion. These moves support Nvidia's sustained growth, as its GPUs remain central to these initiatives despite competition.

NFLX (Trans): Live streams cut avg. watch time/user, but deliver stronger monetization

Dolphin Research

The following is Dolphin Research's Trans of $Netflix(NFLX.US) FY26 Q2 earnings call. For our post-earnings take, see 'Netflix: From internet darling to matron?'

I. Core recap

1) Results & guide: Q2 revenue of $12.56bn (+12% YoY ex-FX) and EPS of $0.80 (vs Est. $0.79). Q3 guide calls for revenue of $12.86bn (reported +12% YoY, ex-FX +11%) and EPS of $0.82...

NFLX: From Internet Darling to Pariah?

Dolphin Research

$Netflix(NFLX.US) Q2 results were underwhelming despite the bar not being high. Near-term softness largely reflects a late-cycle content slate and backlash from price hikes in core markets, and it keeps some investors wary of mid-to-long-term bear cases.

1) Revenue growth kept slowing: Q2 revenue was $12.6bn, up 13% YoY (+12% ex-FX), broadly in line with guidance, but the decelerating trend further erodes confidence in the outlook. There were no price actions in Q2...

Prediction: Apple Will Soon Surpass Nvidia's $5 Trillion Market Cap to Become the World's Most Valuable Company. The Reason Is Hiding in Plain Sight.

Motley Fool

An analyst predicts Apple will soon surpass Nvidia's $5 trillion market cap to become the world's most valuable company. This shift is driven by strong iPhone sales in China, where rising component costs forced rivals to raise prices while Apple maintained them, gaining market share. Additionally, the recent approval of Apple Intelligence in China and a 20% stock gain in 2026 support this outlook, despite ongoing investor concerns about AI adoption slowing for Nvidia.

TSM (Trans): FY growth 40%+; capex hike remains prudent.

Dolphin Research

Below is Dolphin Research's Trans of TSMC FY26 Q2 (fiscal Q2 2026) earnings call. For the earnings analysis, see 'No blowout, just so-so: Can TSMC still carry the AI narrative?'

I. $Taiwan Semiconductor(TSM.US) earnings highlights recap — 1) Shareholder returns: TWD 467 bn in cash dividends in 2025 (+28.6% YoY), with full-year DPS of TWD 18. In 2026, DPS will rise to TWD 24...

No 'blowout'; just 'ok.' Can TSM still carry the AI narrative?

Dolphin Research

TSM reported Q2 2026 results on Jul 16, 2026 (Beijing time) during U.S. pre-market hours. The quarter covered the period ended Jun 2026.

1) Revenue: $40.2bn, up 12% QoQ, near the high end of guidance ($39–40.2bn). Growth was led by AI silicon, with most core customers' AI chips migrating to 3nm (N3). On a 12-inch equivalent basis, wafer shipments were 4,336k...

Apple CEO Tim Cook Just Announced Great News for Broadcom Stock Investors

Motley Fool

Apple CEO Tim Cook announced an expanded partnership with Broadcom, committing over $30 billion through 2031 for custom AI chips. This long-term deal significantly reduces customer concentration risk for Broadcom, as Apple accounts for roughly 20% of its revenue. The agreement strengthens Broadcom's bull thesis, complementing strong financial performance driven by a 143% surge in AI semiconductor segment revenue.

ASML Trans: Memory sales up 75%+, DRAM migrating to advanced nodes

Dolphin Research

Below is Dolphin Research's recap of ASML's FY26 Q2 earnings call. For our earnings analysis, please see 'ASML: AI panic everywhere, is the shovel trade running hot?'.

I. $ASML(ASML.US) core takeaways recap. 1) Shareholder returns: In Q2, the company paid a 2025 final dividend of EUR 2.70/sh, plus three interim dividends already paid in 2025–2026...

ASML: AI Frenzy, Picks-and-Shovels On Fire?

Dolphin Research

ASML released Q2 2026 results ahead of the U.S. open on Jul 15 (Beijing time). The quarter ended Jun 2026, with key points below: 1) Revenue & GPM.

a) Revenue was €9.3bn (+21% YoY), beating consensus (€8.9bn). Growth was driven by lithography system pull-ins from TSMC and Korean customers, and higher services revenue.

b) GPM was 54%. This was clearly above prior guidance (51–52%)...

ASML posts strong Q2; Tencent Yuanbao links to JD shopping | Daily News Recap

Dolphin Research

0715 | Dolphin Focus: 🐬 Stock 1, $TENCENT(00700.HK) rolled out Hy3 1-bit and 4-bit quantized builds. The original 295B model carried ~600GB of weights; the 1-bit build compresses this to 85.5GiB, allowing local runs on a single 96GB pro inference card.

The 4-bit variant delivers accuracy close to the full model. It is designed for enterprise offline inference.

Previously, large MoE models typically relied on multi-GPU clusters. The new quantization sharply lowers the hardware bar for smaller developers, strengthening Tencent’s on-device and private deployment capabilities...

Want to Buy Tesla? 3 Reasons to Buy This Luxury Automaker's Stock Instead.

Motley Fool

The article suggests Ferrari (RACE) as an alternative to Tesla for investors seeking lower risk. It highlights three key advantages: superior and stable profit margins driven by luxury branding rather than volume; a scarcity-based business model that avoids price wars and advertising costs; and a customer base of ultra-high-net-worth individuals, making the company recession-resilient compared to Tesla's mass-market exposure.

2 Reasons Why Higher Oil Prices Are Good for Banks and 1 Reason They Are a Problem

Motley Fool

Higher oil prices, driven by Middle East tensions, may force the Federal Reserve to raise interest rates. This benefits banks like Bank of America and JPMorgan Chase because they raise loan rates faster than deposit rates, boosting net interest income. However, excessive rate hikes risk triggering a recession, which would increase loan defaults and pressure bank profits through subsequent rate cuts. Currently, moderate rate increases are viewed as a net positive for bank stocks.

Meta Platforms May Be Launching a Cloud Business: Should Amazon Be Worried?

Motley Fool

Meta Platforms is reportedly exploring a cloud business to monetize excess AI computing capacity, potentially competing with Amazon Web Services (AWS). However, analysts suggest Amazon need not worry due to the rapidly growing AI infrastructure market allowing multiple winners, AWS's comprehensive service stack beyond just compute power, and high switching costs that create a wide competitive moat. Amazon continues to thrive despite competition from Microsoft and Alphabet, supported by strong cloud revenue growth and other profitable ventures like advertising and logistics.

Nvidia, Amazon, and Microsoft Stocks Just Did Something for the First Time in at Least 5 Years. Here's What History Says Will Happen Next

Motley Fool

Nvidia, Amazon, and Microsoft stocks have traded at five-year low P/E ratios despite record financial growth driven by AI. While investors fear slowing AI adoption, historical data suggests these valuations are disconnected from results. The article argues that strong earnings resilience will likely trigger a robust rebound in stock multiples, presenting a buying opportunity for investors.

The Latest Inflation Data Will Drop on July 14. Here's Why It's a Big Deal for the Stock Market

Motley Fool

The June CPI data, releasing July 14, is critical for the stock market as it precedes the Fed's July meeting. While headline inflation may ease due to falling oil prices following US-Iran de-escalation, core inflation remains key. Market expectations suggest a steady rate hold in July, with hikes priced in for September and 2027. Better-than-expected core inflation could boost stocks by reducing hike odds, while hotter data might trigger a sell-off.