Technology Hardware, Storage and Peripherals

Xiaomi Corporation

Alibaba

LEADING IDEAL

AMZN

BYTED

02015

HUAWEI

09988

01810

GOOG

GOOGL

BABA

89988

81810

XIACY

AMZU

KBAB

BABO

BABX

GGLS

HBBD

HXXD

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

Amazon

ByteDance

LI AUTO-W

Huawei

BABA-W

C3.AI

XIAOMI-W

Alphabet - C

Alphabet

Meta Platforms

Li Auto

BABA-WR

XIAOMI-WR

Direxion Daily AMZN Bull 2X Shares

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

Direxion Daily Googl Bear 1x Shares

Alibaba HK SDR 5to1

Xiaomi HK SDR 2to1

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

Meituan

Conference Minutes

03690

MPNGY

83690

HMTD

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

MEITUAN-WR

Meituan HK SDR 5to1

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

09866

09863

09868

TSLA

01211

VIVS

ONVO

NVDA

XPEV

81211

HYDD

002594

BYDDF

BYDDY

Confident in achieving quarterly breakeven in the fourth quarter

NIO-SW

Quanex Building Products

LEAPMOTOR

ZEEKR Intelligent Tech

XPENG-W

Tesla

BYD COMPANY

Edition

VivoSim Labs

Organovo

North American Energy Par

NVIDIA

NIO Inc. USD OV

XPeng

BYD COMPANY-R

BYD HK SDR 10to1

BYD Company Limited

BYD Company

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

Today’s Key News Recap

AAPL

0HSCI

02525

HSAI

DELL

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...

Apple

Hang Seng Composite Index

Pro Ultr Silver

iShares Silver Tr

HESAI-W

Hesai

Dell Tech

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

NNOX

VIPS

SVXY

UVIX

UVXY

SVIX

VIXY

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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...

Nano-X Imaging

Vipshops

Pro Shrt Vix Shrt Future

Pros

2x Long VIX Futures ETF

Pro Ultr Cvix Shrt Futures

-1x Short VIX Futures ETF

Pro Vix Shrt Fut

Pro Vix Mid Fut

NTES-S

NETEASE MUSIC

NetEase

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

MSFT

09888

02076

002245

01024

89888

HBUD

BIDU

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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

BIDU-SW

BOSS ZHIPIN-W

Jiangsu Azure Corporation

KUAISHOU-W

BIDU-SWR

Baidu HK SDR 10to1

Baidu

Kanzhun

KUAISHOU-WR

HUGO BOSS AG

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

00700

K3SD

TCEHY

80700

TCTZF

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

TENCENT-R

Tencent Holdings Limited

Maase 

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...

Agora

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 Corporation (1810.HK) released its Q3 2025 financial report (ending September 2025) after the Hong Kong stock market closed on the evening of November 18, 2025, Beijing time. The key points are as follows: 1. Overall performance: $XIAOMI-W(01810.HK) revenue was 113.1 billion, a year-on-year increase of 22.3%. Among this, revenue from traditional businesses (smartphones x AIoT) only grew by 1.6% year-on-year. The growth this quarter was mainly driven by the automotive business. The gross profit margin increased to a relatively high level of 22.9%...

Samsara

Canaan

Xiaomi: With subsidies withdrawn, can the automotive sector truly uphold its reputation?

Xiaomi China undergoes personnel adjustments to address performance pressure

Morgan Stanley and Piper Sandler Maintain Buy Rating for Xiaomi

Supplier Junwei Electronics discloses cooperative relationship with major clients including Xiaomi

YouTuber MKBHD Praises Xiaomi's SU7 Electric Vehicle

Naxin Micro, an analog chip company invested by Xiaomi, is listed on the Hong Kong Stock Exchange

Xiaomi applies for a new patent related to information processing and security

Xiaomi applies for a new database processing patent to improve efficiency

Xiaomi's Electric Vehicle Deliveries Drop Month-on-Month in November

Xiaomi is rumored to be preparing the launch of its first triple-folding flagship phone, the MIX Trifold

Xiaomi obtains a patent for a device holder and vehicle, improving the convenience of power access

Xiaomi Group Repurchased 480,000 Shares

Xiaomi repurchased 4.8 million shares

Northbound capital recorded a net purchase of HK$1.173 billion in Xiaomi Group on December 8

Datang demands high patent fees from Xiaomi in Germany

Reports claim Xiaomi Auto's monthly sales exceed 40,000 units with sufficient orders

Xiaomi Group was a top net buy via Southbound Stock Connect today.

China Mobile Communications Corporation to Sue Xiaomi over Patent Dispute in Germany

Xiaomi Auto Custom Service officially begins deliveries, first Amethyst SU7 Ultra unveiled