The sky is overcast today. Google exceeded expectations, while Tesla's performance was dismal. The Nasdaq Index has surpassed the 21,000-point mark.

It's raining heavily again in Shenzhen today, with overcast skies.

McDonald's maple syrup egg burger is a masterpiece.

1. Market Overview.

U.S. stocks. Influenced by the U.S.-Japan tariff agreement, similar deals with other countries are imminent, leading to a collective rise in the three major indices. The bull market is unstoppable. After a general pullback on Tuesday, tech stocks resumed their upward climb on Wednesday, reluctant to retreat further. The Nasdaq and S&P have already broken through, and the Dow is just a step away, likely to break through tonight.

With breakthroughs in U.S.-Europe trade negotiations, the 15% tariff framework is just around the corner, so U.S. stocks remain bullish.

Hong Kong stocks. Also all in the green, the Hang Seng Tech Index is poised for a breakthrough. When it surpassed the previous high of 24,878, we significantly increased our positions in Hong Kong stocks.

Hong Kong, U.S., and A-shares are all surging with heavy volume. The bull market is unstoppable. We have already added broad-based ETFs and related stock positions on the day of the breakthrough.

2. Individual Holdings.

$NVIDIA(NVDA.US)

The continued climb after the pullback is ineffective volatility for me; the core position remains unchanged.

$Alphabet - C(GOOG.US)

As expected, Q2 revenue and profits both beat expectations, with search business continuing strong growth. Annual expenditure was raised to $85 billion, and the stock rose 3.4% after hours.

Revenue: $96.43 billion, up 14% YoY, above the expected $93.97 billion.
EPS: $2.31, up 22% YoY, above the expected $2.18.

Google is the cheapest among the "Seven Sisters." I’ve repeatedly advised adding positions, and the catch-up demand remains, though the current cost is high, making the ROI less ideal.

Moreover, Google’s outperformance reaffirms that global AI capital expenditure shows no signs of slowing. Tech remains our core strategy: "AI infrastructure, buy on dips" is reinforced.

$Tesla(TSLA.US)

In contrast, Tesla’s Q2 revenue and net profit both saw double-digit declines amid an already shrinking sales base. The reasons given—lower sales and reduced carbon credit revenue—are weak. TSLA fell 4% after hours.

Revenue: $22.496 billion, down 12% YoY, below the expected $22.826 billion;
Net profit: $1.172 billion, down 23% YoY, below the expected $1.136 billion.

Further headwinds: Musk warned that Tesla is in an "unusual transition period," losing U.S. EV incentives, and may face "several tough quarters." TSLA’s after-hours drop widened to over 5% during his remarks.

Additionally, as mentioned in my article yesterday, Xpace’s risk disclosure to investors cited Musk’s involvement in Doge-like risks. This political factor is a more significant drag on TSLA’s stock.

Operationally, the current after-hours price of 314 isn’t low enough for me to add, but those fearing missing out can proceed.

$Netflix(NFLX.US)

This is a good level to add, as the pullback is sufficient, and with the Nasdaq rallying, there’s catch-up arbitrage potential. I’ll add Netflix.

3. Focus Sectors

AI infrastructure. Early today, Trump unveiled the "U.S. AI Action Plan" to secure global dominance, scrapping restrictive regulations and accelerating AI infrastructure like power plants, water resources, and semiconductors. This benefits OpenAI, $Microsoft(MSFT.US) , $Amazon(AMZN.US) , $Alphabet - C(GOOG.US) , $Meta Platforms(META.US) .

$Proshares Ultra Ether ETF(ETHT.US) Ethereum has been relatively strong in crypto lately, so related stocks are worth watching. Wait for a good entry point during pullbacks.

4. Hong Kong IPO

Geek+ keeps dropping—will it break the issue price today?

Weili’s dark pool today. I got two lots with a B-head, expecting ~40% gains. Strategy: sell one, keep one.

Coconut water, inner OS: Never IPO trading again.