BlackRock

$XIAOMI-W(01810.HK)

📈 Xiaomi: Recovery in Motion — Time to Turn Bullish?

I have held Xiaomi since the start of the year, with about 1,400 shares. Watching it drop from nearly HK$60 to around HK$21 made for a tough stretch, so the recent rebound feels really encouraging.

Xiaomi trades near HK$28.44 now, up over 33% from its 2026 low. My average price is HK$31.02🤭.

The technical picture has brightened: price sits above its 20-day moving average and the RSI is around 56. A very positive momentum and not overbought.

HK$29–30 is the critical resistance zone. A clear break there could open a move toward HK$32, then potentially HK$34–36. ☺️

On the flip side, HK$27.3 and HK$25.5 are key support levels to watch.

Fundamentally, hurdles remain: Smartphone margins have softened and Q2 profit dropped sharply. The EV business could be the real long-term game changer.

Plans to expand into Europe has just started. Germany will be the first country in 2027 for its ambitious plan. Furthermore, Xiao Mi has partnerships with top German dealers that will helps them to grow its total addressable market.

It has also reassuring to see BlackRock is adding more Xiaomi into their portfolio, holding steady at roughly 5% ownership

To me, Xiaomi is in transition: smartphones form the solid base, while EVs, AI and its connected ecosystem drive the upside potential.

👉 Check the infographic for key numbers, price levels, catalysts, and bull/base/bear scenarios.

The big test ahead: Can Xiaomi break HK$30 convincingly?

The dominoes are falling

I received a $Circle(CRCL.US) stock cash coupon today which made me curious 🧐 about their business model.

Circle Internet Group (CRCL) bridges traditional finance and Web 3.0 by acting as the issuer of USD Coin (USDC) 🪙.

Its core business model is a hybrid of fixed-income treasury management, payment processing, and Web 3.0 platform services.

🗝️ Key Revenue Drivers:

1. Reserve Yield Engine 🚂

* Mechanism: When users deposit U.S. dollars to mint USDC 1:1, Circle holds 100% of the backing assets in high-quality short-term U.S. Treasuries and cash.

* Economics: Circle keeps the yield on these reserves while the token pays no yield to end-holders.

* Formula: Gross Revenue = USDC Circulation x Reserve Yield

2. Coinbase Revenue Share 💰

* On-Platform: Coinbase earns 100% of interest on USDC held in Coinbase accounts.

* Off-Platform: Yield from USDC in external wallets, DeFi, and other exchanges is split 50/50 between Circle and Coinbase.

3. Developer Platforms & APIs 🤖

* Infrastructure services (Programmable Wallets, Cross-Chain Transfer Protocol [CCTP], Gas Station APIs) generate recurring usage and fee-based non-reserve revenue.

💪 Investment Pros & Cons

1. Strengths 👍

* Strong regulatory compliance (state BitLicenses, European MiCA adherence).

* Institutional backing and reserve management via BlackRock.

* Zero-debt, high-margin asset management model.

2. Risks 👎

* High sensitivity to rate cuts (lower Fed funds rate reduces reserve yield).

* Heavy revenue distribution shared with Coinbase.

* Competition from yield-bearing stablecoins, tokenized deposits, and bank initiatives.

⭐ Retail Investor Takeaway

CRCL functions as a high-margin float business where top-line expansion relies on global USDC circulation outpacing benchmark interest rate drops.

🌟🌟🌟If you are looking for proof that Crypto Winter has melted, the fundamental data points to 3 catalysts:

1. Bitcoin spot price has jumped, hitting a USD 72,500 baseline.

2. The Clarity Act has gained traction in the US Congress.

3. The world's largest asset managers including BlackRock, Visa, Mastercard and DTCC are actively launching institutional tokenisation infrastructure. With real world assets, corporate bonds and money market funds being absorbed in the blockchain pipeline, the technological foundation of global finance is being permanently rewritten.

$iShares Bitcoin Trust ETF(IBIT.US)is a good way to get back into the crypto market. It tracks the physical spot price of Bitcoin and its fund manager is BlackRock, the largest asset manager in the world.

ContextNVIDIA Corporation (NVDA) continues to dictate the pace of the broader technology sector, trading around $217 per share as Wall Street anticipates its fiscal Q2 earnings report on August 26, 2026. The company has solidified its AI moat beyond hardware by partnering with dominant institutional giants like BlackRock and Apollo to launch a $500 billion infrastructure financing platform, alongside providing a massive $105 billion credit guarantee for OpenAI’s upcoming data center campus in Ohio. Despite severe sector-wide volatility and rising competition from Advanced Micro Devices (AMD), hyperscaler capital expenditure budgets remain robust, keeping Nvidia’s quarterly revenue growth projections near a staggering 97% year-over-year.

My TradeGiven the heightened implied volatility ahead of the earnings announcement, I am executing a long equity position combined with out-of-the-money protective put options to hedge against a short-term sell-off. I have accumulated NVDA shares near the current support level of $215, planning to ride the anticipated rollout momentum of the next-generation Blackwell and Vera Rubin architectures. Simultaneously, purchasing September $195 strike puts offers an asymmetric risk-reward profile, shielding the core position from the “show me” market sentiment that occasionally punishes mega-cap tech stocks even after an earnings beat.

Takeaway

The key takeaway is that Nvidia is successfully transitioning from a pure-play semiconductor manufacturer into the foundational capital and structural anchor of global AI compute. While its current trailing price-to-earnings ratio sitting near 33x may seem elevated to conservative investors, its compounding cash generation and unmatched ecosystem lock-in support an undervaluation narrative. Investors must look past short-term quarterly noise and monitor hyperscaler multi-year commitments, as Nvidia remains uniquely positioned to capture the lion’s share of structural AI expansion.