Tech stock updates: Tencent and Baidu surge, Google and Tesla earnings catalyze

Hong Kong tech stocks surged with active trading, and foreign investors are optimistic about them. What is driving the impressive rally? How will stock prices change? Both Google and Tesla closed higher. How will the two companies perform after their earnings reports are released? The market awaits performance guidance. What investment opportunities are there? Follow Decode Brother to find out!

$TENCENT(00700.HK) opened lower but rose strongly on the 23rd, breaking through resistance. After opening lower, the stock quickly found support and stabilized at 546 by midday, trading narrowly between 546-551 before closing at the day's high. It closed up 4.94%, with trading volume nearly tripling. Market sentiment has clearly improved. A small V-shaped recovery occurred in the morning session, with a low of 548 and a rebound to 559, followed by fluctuations between 553-554 before a gradual climb in the afternoon.

The food delivery industry has recently faced regulatory adjustments, and negative factors suppressing tech companies' profit prospects are expected to ease. Nvidia has resumed selling H20 chips to China, which could further accelerate Tencent's capital expenditures, driving incremental demand in AI infrastructure like cloud computing and large models—seen as a significant positive. Meanwhile, Tencent's fundamentals remain strong, particularly in gaming and online advertising. Amid global economic uncertainty, Tencent's earnings stability and valuation advantages make it a favorite among investors.

Short-term overbought conditions are evident, but the medium-to-long-term uptrend remains strong. The high BIAS suggests weakening buying power after today's high, with potential for a pullback. Short-term traders could take partial profits, while adding positions at 535-540 on dips. Medium-term holders can maintain core positions and accumulate between 525-530. Decode Brother remains bullish on Tencent but advises caution regarding a pullback.

$Alphabet(GOOGL.US) faced pressure in the 23rd morning session but rebounded in the afternoon—opening high but closing lower. Selling dominated the morning, pushing the stock down, but buying returned by the close, lifting it to 190 and closing at 190.23, up 0.58%.

Earnings and EPS beat expectations. Consider positions at 187-191 to capitalize on post-earnings strength.

$Tesla(TSLA.US) held the key 333 level on the 23rd, briefly breaking 335. It dipped to 329 in the afternoon but quickly rebounded, forming a small V-reversal to 330, closing up 0.14% with a 16.64% rise in volume.

Earnings were stable but declined YoY, suggesting a potential pullback. The mild positive BIAS indicates upside potential despite short-term deviation from the moving average. Decode Brother recommends long-term holders add on dips.

$NVIDIA(NVDA.US) formed a W-bottom pattern on the 23rd, with intense volatility before buyers lifted it to 170, closing up 2.25%.

After a pullback on the 22nd, the stock resumed its uptrend.

Short-term profits have been realized. With rising BIAS, watch the 172 resistance for further upside.

$BIDU-SW(09888.HK) rallied from 91 to 93 on the 23rd, closing up 6.08%. A pullback to 91 is likely.

BIAS contraction suggests cooling from overbought levels. Accumulate at 88-89.

Tech stocks reflect optimism, especially in AI and cloud computing. Tencent, Baidu, Google, and Tesla offer opportunities, but overbought signals warrant caution. Adjust positions based on risk appetite.