Tencent ramps up WorkBuddy+ and Hunyuan Hy3 on two fronts; TSLA Model Y L launches in the U.S. and UAE | Daily News Recap

🐬 Single Stocks

1、$TENCENT(00700.HK)

Tencent’s enterprise agent WorkBuddy remains on a tear. Today Tencent also unveiled and open-sourced under Apache 2.0 the Hunyuan Hy3 model, a 295B-parameter MoE (21B activated) with 256K context, matching the agent/coding performance of 2–5x larger flagships. Pricing was cut again and deeply tuned for WorkBuddy, lifting task resolution from 72% to 90%. The model-app feedback loop lowers deployment costs for office AI and completes Tencent’s full-stack from base LLM to B-side agents, while WeChat Xiaowei shores up the consumer side, strengthening its differentiation.

2、$NVIDIA(NVDA.US)

SemiAnalysis posted that NVIDIA’s Kyber NVL144 AI rack announced at GTC is delayed over 12 months to 2028 due to outsize manufacturing challenges with the PCB midplane, and the backup NVL72x2 back-to-back architecture was canceled. The rack is core interconnect hardware for 10k-GPU clusters, so the delay may pressure valuations for NVIDIA and upstream PCB/high-speed connector suppliers, opening a catch-up window for AMD’s MI500X and Google’s TPU v8i. However, current Oberon Rubin racks and Rubin Ultra chips are not impacted. Near- to mid-term tightness in high-end GPUs remains intact, with only far-out build-outs of ultra-large clusters likely to slow.

3、$LEAPMOTOR(09863.HK)

Leapmotor announced entry into Mexico: the first model B10 cleared local climate and regulatory certifications, will leverage Stellantis channels with 40+ outlets, and after-sales handled by Mopar; models C10 and C16 will follow. Jun deliveries reached 93.4k units, a record high, with intensive new launches plus overseas expansion unlocking incremental volume. Overseas growth avoids China’s price war, extends the global footprint, and advances the goal of doubling overseas sales. This could lift HK-listed NEV OEMs, validate China EVs’ exportability, and aid valuation recovery for automakers with mature Intl channels.

4、$Micron Tech(MU.US)

Micron will expand its Hiroshima plant with a total investment of approx. $9.3bn, focused on AI-critical HBM and other advanced memory; the new line is slated to ship in summer 2028, with up to JPY 500bn in Gov. subsidies. Samsung and SK Hynix are also adding capacity, collectively locking in strong AI-driven demand. Capacity adds point to a structurally tight HBM supply-demand balance mid to long term, supporting a price floor for memory. This benefits upstream semi materials and equipment, near term supports US memory names, and lifts domestic storage interface/design firms as the cycle turns up.

5、$Tesla(TSLA.US)

Tesla launched the long-wheelbase 6-seat Model Y L in the US, Puerto Rico, and the UAE, starting at $61,990 in the US; wheelbase +150mm, 2+2+2 layout, adaptive suspension standard, and a 1-year FSD offer for the launch edition. The model had already rolled out in China and APAC; the NA and Middle East launch targets families and helps offset softer NA EV demand. The new variant broadens Tesla’s global lineup and supports a 2H delivery recovery. It should buoy sentiment across overseas auto chains and validates the global fit of long-wheelbase 6-seat SUVs.

🐬 Top Gainers by Sector

A-share: Kitchen Appliances, Coal & Consumable Fuels, Motorcycle Manufacturers;

HK:Specialized Consumer Services, Food Retailers, Consumer Electronics;

U.S.: Distributors, Precious Metals & Minerals, Silver.

🐬 Watchlist for Tomorrow

1. China Jun FX reserves (US$ bn), US May trade balance (US$ bn).

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