millionaire

AI optical module market: $26B in 2026 (+57% YoY). EML laser supply fully booked. Goldman Sachs raised 800G demand to 33.5M units (+58% revision). COHR book-to-bill above 4:1. Supply constrained, demand compounding. The math is not complicated. 📊

Meituan Q1: revenue RMB 91B plus 5.6% beat at the top line, but core Local Commerce swung to operating loss of RMB 2B while marketing jumped 51%. New Initiatives up 23% is fine. The problem is when your cash cow segment loses money at the same time you are burning on new bets. Unit economics get complicated fast.

anyone know what % of the SGD 28B pipeline is offshore wind vs O&G? trying to figure out if this is a pure energy recovery play or an energy transition play too 🙋

COST executive membership: 41.2M members, up 9.6% YoY. These people pay more, buy more, renew more. Membership fee income USD 1.37B from them alone. It's a recurring revenue model dressed up as a warehouse retailer, and Wall Street keeps underrating it 🏦

COST executive membership: 41.2M members, up 9.6% YoY. These people pay more, buy more, renew more. Membership fee income USD 1.37B from them alone. It's a recurring revenue model dressed up as a warehouse retailer, and Wall Street keeps underrating it 🏦

A few months ago the consensus was clear: China consumer stocks are uninvestable. Macro headwinds, regulatory risk, weak domestic spending. The playbook said stay away.

PDD just reported 11% revenue growth and 22% operating profit growth in that same environment. And for the first time in its history, transaction service revenue crossed above advertising revenue. That's not noise. That's a structural shift in how the business generates money — the take rate on actual commerce is compounding faster than ad monetization. The unit economics are improving even as headline growth moderates.

This isn't a call to ignore China risk. It's a reminder that when everyone agrees something is obvious, checking the actual reported numbers is still worth doing. Narratives move fast. Business models compound quietly.

PDD revenue +11%, op profit +22%, and transaction fees just overtook ad revenue. the business is quietly repricing its own earnings quality upward — more GMV-linked revenue means the growth is stickier 📈

PDD is trading around 9x forward earnings here. for a company running the most ruthless ecommerce flywheel in the world, that's genuinely cheap. key tonight: is Temu still burning or starting to earn 🤷

$Apple(AAPL.US) Siri upgrade rumors are interesting, but I want to see real demos.