Technology Hardware, Storage and Peripherals

Xiaomi HK SDR 2to1

Today’s Key News Recap

00388

NVDA

09992

TECH

09863

02015

09866

09868

01810

TSLA

01211

80388

HKXCY

HPPD

XPEV

81810

HXXD

XIACY

81211

HYDD

002594

BYDDF

BYDDY

1209 | Dolphin Research Focus: 🐬 Macro/Industry 1) Hong Kong Exchanges and Clearing Ltd. (HKEX) announced the HKEX Tech 100 Index, tracking the 100 largest Southbound Stock Connect-eligible tech names across six themes, including AI, biotech, and autonomous driving. The index fills a gap for a broad-based vehicle covering diversified China tech in HK and could attract more southbound flows.🐬 Single Stock 1) $NVIDIA(NVDA.US). Trump posted on Truth Social...

HKEX

NVIDIA

POP MART

Mirae Asset Global Investments Co., Ltd.

Bio-Techne

Multi-Chem

LEAPMOTOR

LI AUTO-W

NIO-SW

XPENG-W

XIAOMI-W

ZEEKR Intelligent Tech

Tesla

BYD COMPANY

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

Li Auto

NIO Inc. USD OV

POP MART HK SDR 20to1

XPeng

XIAOMI-WR

Xiaomi Corporation

BYD COMPANY-R

BYD HK SDR 10to1

BYD Company Limited

BYD Company

HKEX debuts flagship Tech Index; NVDA H200 cleared for China exports | Daily News Recap

Alibaba

LEADING IDEAL

09988

AMZN

HUAWEI

GOOG

GOOGL

BYTED

BABA

89988

KBAB

BABO

BABX

AMZU

GGLS

GGLL

HBBD

AI glasses are regarded as the 'next-generation personal mobile gateway' and are also the most likely mobile terminal to challenge smartphones.

BABA-W

Amazon

Huawei

Alphabet - C

Alphabet

Meta Platforms

ByteDance

BABA-WR

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

Direxion Daily AMZN Bull 2X Shares

Direxion Daily Googl Bear 1x Shares

Direxion Daily GOOGL Bull 2X Shares

Alibaba HK SDR 5to1

Alibaba, ByteDance, and Li Auto are rushing into the market; are AI glasses becoming the 'next big thing'? (Minutes)

Meituan

Conference Minutes

HMTD

03690

MPNGY

83690

The following are the Minutes of the FY25 Q3 earnings call for $MEITUAN(03690.HK) organized by Dolphin Research. For an interpretation of the financial report, please refer to &#34;Meituan: A Loss of Nearly 20 Billion! Did Alibaba Really Succeed in Stealing the House This Time?&#34; 1. Review of Core Financial Data Performance Overview: Total Revenue: 95.5 billion yuan (YoY +2%). Profitability: Operating cost rate 73.6% (YoY +12.9pts), mainly due to rider incentives and rising overseas costs; adjusted net loss of 16 billion yuan, affected by irrational industry competition and strategic investments...

Meituan HK SDR 5to1

MEITUAN

MEITUAN-WR

Meituan (Minutes): 3Q loss peaks, but 4Q will continue the loss trend

VIVS

ONVO

Confident in achieving quarterly breakeven in the fourth quarter

North American Energy Par

Quanex Building Products

VivoSim Labs

Organovo

Edition

Nio (3Q25 Minutes): Expects 20% vehicle gross margin in 2026, achieving full-year Non-GAAP profitability

0HSCI

DELL

02525

HSAI

AAPL

1125 | Dolphin Research Focus: 🐬 Stock 1, $Alphabet(GOOGL.US) It is reported that Meta is negotiating with Google to use TPU chips worth billions of dollars in its data centers by 2027, and plans to rent chips from Google Cloud next year. Although TPUs are not as flexible as NVIDIA GPUs, they have lower development costs and consume less power when running at full capacity. If TPUs are successfully supplied externally, it marks intensified competition in the AI chip market, potentially impacting NVIDIA's market share and pricing power. For Google...

Hang Seng Composite Index

Dell Tech

Pro Ultr Silver

iShares Silver Tr

HESAI-W

Hesai

Apple

Google's TPU Sales Challenge Nvidia Dominance; Xiaomi Rallies on Lei Jun's Stake Boost. ｜Today's Important News Review

SVIX

UVXY

UVIX

VIXY

SVXY

VIXM

NNOX

VIPS

09999

09899

NTES

1121 | Dolphin Research Focus: 🐬 Macro/Industry 1. Last night's non-farm payroll data was released, presenting a 'split' scenario. On one hand, the number of jobs grew beyond expectations, while on the other hand, the unemployment rate unexpectedly rose to a four-year high, leading to a setback in the Federal Reserve's rate cut expectations. The VIX fear index surged significantly during the day. Meanwhile, after NVIDIA's earnings report, its stock initially surged but quickly retreated, causing tech stocks to collectively decline, with Chinese concept stocks simultaneously falling. Market sentiment spread to Asia-Pacific, and today, both Hong Kong and A-share markets are under pressure...

-1x Short VIX Futures ETF

Pro Ultr Cvix Shrt Futures

2x Long VIX Futures ETF

Pro Vix Shrt Fut

Pro Shrt Vix Shrt Future

Pro Vix Mid Fut

Nano-X Imaging

Vipshops

Pros

NTES-S

NETEASE MUSIC

NetEase

The market is in distress; Xiaomi Rises Courageously｜Today's Important News Review

MSFT

002245

BOSS

09888

02076

01024

89888

BIDU

HBUD

81024

1119 | Dolphin Research Key Focus: 🐬 Stocks 1, $Microsoft(MSFT.US), $NVIDIA(NVDA.US). Microsoft, NVIDIA, and AI startup Anthropic announced the establishment of a strategic partnership. Microsoft and NVIDIA jointly invested $15 billion in Anthropic, which committed to purchasing $30 billion worth of Azure computing power, forming a capital and technology-bound AI alliance among the three parties. Building a &#34;Capital - Computing Power - Model&#34; closed loop...

Microsoft

Jiangsu Azure Corporation

HUGO BOSS AG

BIDU-SW

BOSS ZHIPIN-W

KUAISHOU-W

BIDU-SWR

Baidu

Baidu HK SDR 10to1

Kanzhun

KUAISHOU-WR

Nio's intelligent driving chip supplied externally for the first time; Nvidia's earnings report countdown｜Today's important news review

00700

K3SD

TCTZF

TCEHY

80700

MAAS

HTCD

以下为海豚君整理的 $Baidu(BIDU.US) 2025 财年第三季度财报电话会议纪要， $BIDU-SW(09888.HK) 财报解读请移步《 百度，猛贴 AI 讲故事，真能救活自己吗？》一、财报核心信息回顾 1. $BIDU-SWR(89888.HK) AI 收入占比已达 40%：三季度，直接与 AI 相关的收入实现近 100 亿，这已达到总营收的 40%...

TENCENT

BIDU ADR US

Tencent Holdings Limited

Tencent

TENCENT-R

Maase 

Agora

iShares Frontier and Select EM ETF

Tencent HK SDR 10to1

Baidu (Minutes): AI native marketing is the future second curve

Financial Analysis

$Baidu(BIDU.US) released its Q3 results after Hong Kong market hours on 18 November 2025. Overall, the performance met expectations. The detailed disclosure of AI revenue demonstrates the company's eagerness to shed its traditional label and fully embrace its new AI narrative. Specifically (focusing solely on Baidu's core operations): 1. AI revenue contribution reaches 40%: During Q3, revenue directly attributable to AI activities amounted to nearly RMB10 billion, constituting 40% of total revenue...

C3.AI

Can the new Baidu, aspiring to AI, successfully shed its old advertising label?

Xiaomi

The following are the minutes of Xiaomi's Q3 2025 earnings call organized by Dolphin Research. For an interpretation of the financial report, please refer to &#34;Xiaomi: Without Subsidies, Can Cars Really Hold Up the Front?&#34; 1. $XIAOMI-W(01810.HK) Core Data Review Performance Overview: Total Revenue: Reached RMB 113.1 billion, a year-on-year increase of 22.3%. This marks the fourth consecutive quarter that the group's revenue has exceeded RMB 100 billion. Group Gross Margin: 22.9%, an increase of 2.5 percentage points year-on-year, setting a new historical high. Adjusted Net Profit: RMB 11.3 billion, a year-on-year increase of 81%...

MediaAlpha

Hudbay Minerals

Ameriprise Financial

Xiaomi (Minutes): Rising storage costs have a greater impact on manufacturers with lower ASP.

Xiaomi Launches Three New Electric Vehicle Models

Xiaomi Submits Daily Disclosure Report to HKEX