Hi, I am Dolphin Research! Kweichow Moutai: Earnings Hit the Brakes Again? Still in 'reform growing pains'! China Mobile: Higher Taxes + Lower Fees — Propped Up by Big Dividends? Are overseas losses peaking? Can DiDi's global ambition deliver? SanDisk (Trans): 90 bn contract, 80% GPM, Adj. FCF margin 50% — all to shareholders! Windfall Ahead, AMAT Gets Cold Feet? SMIC (Trans): Price hikes lift GPM, depreciation still a drag AMAT (Trans): Q4 guidance up 51%; GPM held in check JD: No AI arms race, no buybacks — can a 'frugal' strategy still work? JD (Trans): Profit inflection confirmed, Q3 revenue back to growth CoreWeave, Nebius: Compute price hikes, sponsor support—how long can NVDA's favorites keep their edge? China Mobile (Trans): AIDC revenue surged >4x; telecom under pressure SMIC: Cycle Bull + China AI Chips, Twin Catalysts Lift-Off Nebius (Trans): Year-end contracted power target raised to 5 GW DeepSeek, Grok 4.6 unveil same-day moves; AAPL in talks to license news for Siri | Daily News Recap Tencent: AI spend in overdrive? Rejuvenation needs a final push Tencent Holdings (Trans): Capex up 190%, AI drag RMB 10.5bn CoreWeave: Inflection point is here — are 'rank-and-file workers' finally making money? US Jul CPI due at 20:30 tonight; BYD Qin Max Flash-Charge goes on sale tomorrow | Daily News Recap CoreWeave (Trans): Margins inflect; interest expense rising in tandem SE: Rally — Is E-com Finally Turning? SE (Trans): Shopee targeting $1bn FY EBITDA Tencent Music (Minutes): Its Core Strategy for the Current Competitive Landscape Is to Hold the Line on Its SVIP Base. HOOD: Is the 'Robin Hood' of US retail investors really Trump's lost cause? TME: Generous buybacks — can they reignite the 'small-and-beautiful' narrative?