"Dislocated" Microsoft: Lean Reality vs Ambitious Future, it's time to test faith again!Tesla: The AI Narrative Continues to Surge (4Q24 Earnings Call Summary)Meta (Minutes including small meetings): "Every year" is a key year, and this year is not just about Meta AIASML（Minutes）: Revenue in mainland China will fall to around 20% Tesla：AI Ambitions Clash VS Automotive FundamentalsWolfspeed（Minutes）: Expected capital expenditures will significantly decrease in 2026Meta: Once again, Zuckerberg is excited to spend money. Why is the market not panicking this time?Wolfspeed: No surprises, continuing to close factories, lay off employees, and reduce costsASML: The Return of the Industry LeaderThe Asset Management Mantra in China for 2025: U.S. Stock Assets Focus on AI Intelligence | Year-End Summary Series (Final)Hard Technology: Those who gain AI will gain the world, "pureblood" AI is the biggest winner | Year-End Summary Series (8)U.S. Internet Giants: "Build High Walls, Accumulate Grain, Secure the Throne" | Year-End Summary Series (7)New Energy Vehicles: Changing the heart of the car cannot change the heart of the business; is intelligence the ultimate remedy? | Year-End Summary Series (6)Is the worst yet to come for the consumer sector? The path is forged through struggle, and brand globalization is the vast ocean of consumption | Year-End Summary Series (5)"Product is King" in the Internet: Don't Shift Blame! Strengthen Yourself First | Mid-Year Summary Series (Part Four)Internet vertical leaders: Don't hesitate, 'small but beautiful' can really work! | Year-end summary series (Part 3)E-commerce: Disenchanted! Either traffic is king, or efficiency is king | Year-end summary series (2)2025, navigating the cycle, getting things done steadily | Year-end summary seriesXiaomi suddenly recalls cars, why? Tesla's new Model Y launched in the U.S. | Today's important news reviewViewing CATL through TSMC: An Inescapable Cyclical Fate"The Stargate" is unveiled, will 500 billion open up a new landscape for AI? New Oriental's stock plummeted by 30% after earnings ｜ Review of today's important newsNew Oriental: Non-academic growth is strong but continues to slow down, study abroad pressure will drag down profitability (2Q25FY conference call)Netflix: Prudent investment, the entertainment outlook is still very broadThe dream that iQIYI can't catch? Netflix plays to "crazy flying"