Semiconductors

Today’s Key News Recap

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BABA

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0323 | Dolphin Focus. Macro/Industry.1) On Mar. 21 (local time), Trump issued a 48-hour ultimatum to Iran to fully open the Strait of Hormuz or face strikes on its power plants. Iran responded that if its power facilities are attacked, it would shut the strait entirely.The Middle East conflict is a direct shock to the global energy supply chain. Higher oil prices will lift inflation, forcing the Fed to keep rates higher for longer and compressing growth-stock valuations.Gold's safe-haven appeal is being offset near term by rate expectations. Profit-taking after the prior rally has triggered technical selling, magnifying the decline...

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Alibaba

BABA-WR

NVIDIA

Sanhua

SANHUA

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Xiaomi HK SDR 2to1

Xiaomi Corporation

Alibaba HK SDR 5to1

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XPeng

HK & A-Shares Rout; Gold Hammered | Daily News Recap---

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0319 | Dolphin Research Watchlist: 🐬 Macro/Industry 1) On Mar 18 (ET), the Fed kept the benchmark rate unchanged at 3.50%-3.75%. The latest dot plot now points to just one cut in 2026 (25bps), a sharp pullback from the prior 2–3 cuts.Powell struck a hawkish tone at the presser, saying the oil spike driven by Middle East tensions is feeding into core inflation. He also confirmed that if a successor is not confirmed by Congress in time, he would stay on as 'acting chair'...

Micron Tech

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Samsung Electronics 

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Tencent HK SDR 10to1

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Tencent Holdings Limited

NONGFU SPRING

Coinbase

Xiaomi MiMo model scores a hat-trick; COIN targets AI payments with stablecoins | Daily News Recap

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0317 | Dolphin Research Focus: 🐬 Stock #1, $NVIDIA(NVDA.US) — NVIDIA's GTC 2026 officially kicked off, and founder &amp; CEO Jensen Huang delivered the keynote.He announced a Vera Rubin Space Module under the next-gen Vera Rubin architecture, designed for orbital data centers, delivering 25x performance vs. H100.He also unveiled a partnership with Groq to co-develop new LPU chips...

MediaAlpha

Vera Therapeutics

Meta Platforms

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Apple

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Apple Group

NVDA GTC in focus; Alibaba 'Token strategy' ramps up | Daily News Recap

Financial Analysis

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Nvidia (NVDA) reported Q4 FY2026 results after-hours in the early hours of Feb 26, 2026 (Beijing time). The quarter ended Jan 2026.1) Core operating metrics: $NVIDIA(NVDA.US) total revenue was $68.1bn, beating raised buy-side estimates of $67.0bn. Revenue rose $11.1bn QoQ, driven largely by Data Center as Blackwell scaled into mass production. GPM was 75%, expanding 160bps QoQ...

Broadcom

Microsoft

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NVDA: Blowout results vs. a cold tape — Has the market's top darling fallen out of favor?---

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0225 | Dolphin Research Key Watch: 🐬 Macro/Industry 1) Today, Hong Kong Financial Sec. Paul Chan unveiled the FY2026/27 Budget, focused on I&amp;T and finance, with measures to support the AI industry, advance RMB internationalization, improve livelihoods, and develop the Northern Metropolis. On hard tech, the HKSAR Gov. will set up a HK$10 bn I&amp;T Industry Co-investment Fund, targeting strategic areas including life sciences &amp; healthcare, AI and robotics. The Budget projects Hong Kong GDP growth of 2.5%-3.5% in 2026...

Kimball Electron

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Unity Software

HK Budget Ups I&T; META, AMD Seal 100bn-Class Compute Deal | Daily News Recap

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Feb 4 | Dolphin Research Focus: 🐬 Macro/Industry — Anthropic launched a productivity tool for in-house counsel, integrated into the Claude suite. It automates contract review, NDA triage, legal-brief drafting, and templated responses, and can be tailored to a company's risk appetite. The company emphasized it is assistive only and should be used after review by a licensed attorney.On the headline, legal software and data-service stocks plunged. Sentiment quickly spread to broader software names, triggering a market selloff...

Uber Tech

EASTROC BEVERAGE

EASTROC

New AI tools trigger software selloff; WeChat cracks down on Yuanbao violating links | Daily News Recap

Conference Minutes

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Below is Dolphin Research's transcript of AMD's Q4 2025 earnings call. For earnings analysis, see 'Another Loud Thunder, Little Rain! When Will AMD Step Up?' Key call takeaways: 1) Next quarter guidance: revenue of $9.8BN (±$300mn), incl. ~$100mn from MI308 sales in China; non-GAAP GPM ~55%. Data center biz grew QoQ, while other segments saw seasonal declines. 2) Data center outlook: Server CPU won't see typical seasonal weakness...

Destiny Tech100

AMD (Trans): LT outlook unchanged; MI500 slated for 2027.

AMD released Q4 2025 results (quarter ended Dec 2025) after hours on Feb 4, 2026 Beijing time. Revenue was $10.27bn (+34.1% YoY), beating the raised consensus of $10.0bn.Amid a recent rebound in server CPUs, the Street has lifted its forecasts. This quarter's topline growth was driven mainly by data center CPUs and the Client segment...

AMD: Big talk, small results — When will it execute?

AMDL

AMD 4Q25 First Take: Results were decent, with revenue and GPM in line with consensus. Growth was primarily driven by a rebound in CPU demand. However, drilling into the numbers, QoQ growth for the MI355 family underwhelmed. With data center upside mainly from server CPUs, Dolphin Research estimates AI GPU revenue at approx. $2.4bn this quarter. Excluding ~$390mn from MI308 shipments to China, AI GPU revenue for the rest (incl. MI355) was only about $2.0bn, up just $150mn QoQ. MI355 only began volume production in 2H25, yet QoQ growth already slowed in Q4. Based on next-quarter guidance, Dolphin Research expects total revenue to decline ~5% QoQ. With seasonal softness in Client &amp; Gaming and Embedded, we infer AI GPU revenue could slip to around $2.2bn. Excluding roughly $100mn from MI308, the rest would be up about $100mn QoQ. The company cited customer readiness issues, noting roughly $1.5bn of Q1 orders will ship in Q2. Still, so soon after MI355's ramp, two consecutive quarters of slowing QoQ growth will prompt questions about the product's competitiveness. Against a strong CPU rebound, AMD's overall trajectory remains solid, and the MI450 line slated for 2H is widely anticipated. That said, MI355's QoQ prints have poured some cold water on sentiment. For more details, follow Dolphin Research's upcoming commentary and call Trans. $AMD(AMD.US)

GraniteShares 2x Long AMD Daily ETF

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0203 | Dolphin Research Focus: Macro/Industry. In early trading, Hong Kong stocks plunged on unverified tax rumors about revising the High-Tech Enterprise qualification and raising tax rates for internet and gaming. Against the backdrop that VAT changes for the telecom sector have already taken effect, the chatter quickly spread.It triggered a broad selloff across HK tech, internet, and gaming. Valuations were hit in the short term, risk aversion spiked, and funds rotated to safety.Dolphin Research has issued a First Take on this. See 'China ADRs: Tax Hike Rumor — The rationale behind the false alarm'...

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Hong Kong Exchanges and Clearing (HKEX)

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Palantir Tech

WEBULL CORPORATION C/WTS 10/04/2030(TO PUR COM)

Tax-hike rumors rattled the market; Dongpeng Beverage's debut was 'lukewarm' | Daily News Recap

AMD to Participate in Nutanix.NEXT Conference to Explore Enterprise AI and Cloud Innovation

Chip industry faces a comprehensive price hike, with AMD planning to raise CPU prices starting in April

AMD Expected to Introduce Zen 6-Based EPYC 'Venice' CPUs in 2026

AMD to Participate in HPE Discover 2026, Focusing on AI and Cloud

AMD to Host Annual 'Advancing AI 2026' Event

First shipments of AMD's custom GPUs for Meta partnership to begin in the second half of 2026

AMD to Host AI DevDay 2026 in San Francisco

AMD Announces New Ecosystem Partnerships with CyberLink and Gigabyte

AMD Releases FSR SDK 2.2, Offering Developers Enhanced Image Upscaling and Ray Regeneration

Semiconductor ETF Potentially Faces Worst Month in Over Three Years, Pressuring AMD Stock

Institutional investors disclose changes in AMD holdings, with Zevenbergen decreasing its stake and Mn Services increasing its position

Aletheia Capital Maintains Buy Rating on AMD and Predicts Rising Position in AI Computing

Analyst is optimistic about AMD's growth prospects in artificial intelligence

UBS maintains bullish $310 price target on AMD, citing 54% upside

NVIDIA plans to launch a PC processor, directly challenging the market position of Intel and AMD.

Beacon Investment Advisory Services Inc. Decreases Stake in Advanced Micro Devices

Aletheia Capital maintains Buy rating on AMD with a $330 price target

AMD Blog Highlights Critical Compute Role in Supporting NASA's Shift to Sustained Lunar Presence and Deep-Space Exploration

CIQ and AMD to optimize enterprise infrastructure for AI and HPC workloads

Huawei's New AI Chip Reportedly Set for Purchase by Alibaba/ByteDance, Challenging Nvidia's Position in China

Apellis Pharma

AMPLITECH GROUP INC. USD0.001 S/R 20/11/26 SER B

U-BX Tech

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PMGC

AMPLITECH GROUP INC. COM USD0.001 (S/R 18/07/2026)

Bullfrog AI

Jaguar Uranium

Texxon

Classover Holdings - Class B

Advanced Micro Devices, Inc. (AMD.US) Q4 2025 and Full Year Earnings Conference Call

Advanced Micro Devices, Inc. (AMD.US) Q3 2025 Earnings Conference Call

Advanced Micro Devices, Inc. (AMD.US) Q2 2025 Earnings Conference Call

Advanced Micro Devices, Inc. (AMD.US) Q1 2025 Earnings Conference Call

Advanced Micro Devices, Inc. (AMD.US) Q4 2024 and Full Year Earnings Conference Call

AMD (Advanced Micro Devices, Inc.) Q3 2024 Earnings Conference Call in the United States

AMD(AMD.US)

AMD Stock Performance Chart