--- title: "TSM AI orders underpin strong revenue growth; Global investors await tonight's CPI print | Daily News Recap" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/41670642.md" description: "0610 | Dolphin Research Focus: 🐬 Macro/Industry1. The National Bureau of Statistics released May data, showing CPI rose 1.2% YoY, while falling slightly by 0.1% MoM. Core CPI was up 1.1% YoY.Overall consumption is recovering moderately. The MoM weakness was mainly due to a slight rise in food prices, and seasonal declines in service and energy costs post-holiday.A 1.2% YoY growth rate remains within a moderate range, leaving room for accommodative monetary policy. This mild inflation is positive for consumption sector valuation repair and supports the continued implementation of pro-growth policies.The strength of the consumption recovery remains relatively flat, with no significant rebound yet..." datetime: "2026-06-10T08:38:35.000Z" locales: - [en](https://longbridge.com/en/topics/41670642.md) - [zh-CN](https://longbridge.com/zh-CN/topics/41670642.md) - [zh-HK](https://longbridge.com/zh-HK/topics/41670642.md) author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)" --- # TSM AI orders underpin strong revenue growth; Global investors await tonight's CPI print | Daily News Recap ## 0610 ｜**Dolphin Research Focus:** ## **🐬 Macro / Sector** **1.** The National Bureau of Statistics reported May CPI at +1.2% YoY and -0.1% MoM, with core CPI at +1.1% YoY. Food edged up, while post-holiday services and energy saw seasonal pullbacks, driving the MoM softness; a 1.2% YoY print remains moderate, leaving room for monetary easing. Benign inflation supports valuation repair in consumer names and continued pro-growth policies, but the consumption recovery is still gradual without a sharp rebound. **2.** At 20:30 BJT tonight, the U.S. BLS will release May CPI, with markets laser-focused on inflation after a blowout nonfarm payrolls print revived rate-hike fears. A hotter-than-expected CPI would likely push UST yields higher, reinforce the Fed's higher-for-longer stance, pressure global growth stocks and exacerbate Southbound outflows from Hong Kong. A cooler print would revive cut expectations and favor high-multiple sectors such as Tech and AI; as a key input for the June FOMC, it will steer the USD and global liquidity in the near term, and volatility is likely to spike pre- and mid-session in HK/US trading as funds de-risk ahead of the print. **3.** Foreign media cited a national plan indicating that over the next five years, data centers will catalyze Approx. RMB 2 tn (Approx. $295 bn) in investment, elevating the computing network to a national new infrastructure priority. Capital will target AI compute, HPC, storage clusters and high-speed interconnects to meet training and inference demand for large models. This large-scale build-out benefits servers, optical modules, thermal management and IDC operators, with Alibaba, Tencent and BIDU as direct beneficiaries of added capacity; over the long run it accelerates domestic compute autonomy, reduces reliance on overseas GPUs, and lifts the long-term ceiling for HK digital economy and compute hardware plays. ## **🐬 Single Stocks** **1.** Meituan-W (3690 HK) Meituan's GN06 team launched Tabbit 1.0, an AI-native browser for Windows and Mac that can automate complex tasks such as resume screening, document collation and cross-site batch workflows via single-line commands; after public beta, AI task success rate rose to 91.8%, with a free standard tier. The product extends beyond local services into AI productivity tools, leveraging LLMs to integrate multi-search and AI capabilities to broaden Meituan's monetization scenarios. Unlike Tencent and ByteDance's consumer-facing AI approach, it pursues a B-side office track to differentiate, enabling user behavior data accumulation and funneling to local services, modestly expanding Meituan's AI valuation upside. **2.** TSM TSMC reported May revenue of NT$416.98 bn (Approx. $13.2 bn), up 30% YoY, driven by full-throttle AI HPC orders with 3nm/5nm nodes running at high utilization. AI compute has become the primary growth engine, while smartphones remain soft and advanced packaging adds incremental contribution. The strong top line underscores a sustained AI chip upcycle, with tight capacity supporting GPM above 65%. **3.** META Meta and Unity extended a multi-year platform support and enterprise collaboration agreement to co-iterate next-gen VR content, rendering engines and immersive interaction. The partnership connects the hardware–engine–content loop to lower developer adaptation costs and accelerate scaled VR deployment. It reinforces Meta's VR hardware leadership against Apple Vision and Sony XR, while Unity leverages Meta's large install base to broaden its customer pool, supporting a valuation reset for U.S. metaverse/VR chains and laying the tech base for next-gen consumer spatial computing. **4.** PLTR The UK's Science, Innovation and Technology Committee in June labeled Palantir an 'unacceptable risk' to public services, citing concerns that UK health and government data could be subject to U.S. control; Palantir holds a £330 mn, 7-year NHS data contract, and Parliament urged the government to terminate it in favor of a domestic vendor. The negative scrutiny directly challenges Palantir's expansion in public-sector work across the U.S. and Europe, signaling tighter data localization regimes. Cross-border data providers face higher entry hurdles, creating near-term pressure on PLTR while pushing global AI data firms to split regional data stacks and adapt to country-specific privacy rules over time. ## **🐬 Top Gainers** **A-shares:** industrial gases, leisure facilities (stadiums), breweries **HK:** managed healthcare, packaging, professional consumer services **US:** home appliances, furniture/home manufacturers, kitchenware ## **🐬 Watchlist for Tomorrow** **1.** US May PPI MoM; US May PPI YoY Risk disclosure and statement for this article: [Dolphin Research Disclaimer and General Disclosure](https://support.longbridge.global/topics/misc/dolphin-disclaimer) ### Related Stocks - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [BIDU.US](https://longbridge.com/en/quote/BIDU.US.md) - [89888.HK](https://longbridge.com/en/quote/89888.HK.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [83690.HK](https://longbridge.com/en/quote/83690.HK.md) - [MPNGY.US](https://longbridge.com/en/quote/MPNGY.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) - [TSM.US](https://longbridge.com/en/quote/TSM.US.md) - [BYTED.NA](https://longbridge.com/en/quote/BYTED.NA.md) - [UNIT.US](https://longbridge.com/en/quote/UNIT.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [6758.JP](https://longbridge.com/en/quote/6758.JP.md) - [SONY.US](https://longbridge.com/en/quote/SONY.US.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [HBUD.SG](https://longbridge.com/en/quote/HBUD.SG.md) - [HMTD.SG](https://longbridge.com/en/quote/HMTD.SG.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md)