Weekly Recap | Baidu -10.09%, Q2 revenue miss triggers sell-off
Weekly Review·- Baidu shares fell 10.09% this week, significantly underperforming the S&P 500 index. - The sharp decline was triggered by weaker-than-expected Q2 2026 earnings and subsequent rating downgrades by institutions like Morgan Stanley. - Despite strong GPU cloud growth and autonomous driving expansions, market anxiety over traditional advertising pressures drove heavy selling.U.S. stock night market fluctuations: Alibaba fell 3.59% in night trading: earnings missed expectations + U.S. Treasury rebound, heavy asset investments dragged down stock price
Price Alert·- During US after-hours trading, Alibaba shares dropped 3.59% due to weaker-than-expected earnings, a 75% surge in capital expenditures, and rising US Treasury yields. - Amazon shares rose 0.31% driven by the expansion of Prime Air and strong AWS revenue growth, which reached 422.3 billion USD with a 36.7% year-on-year increase. - JD.com fell 0.44% amid market concerns over EU regulatory scrutiny regarding its acquisition of Ceconomy, despite announcing a major robot strategy investment.Tencent and Alibaba expand APAC cloud infrastructure
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