AI is unstoppable. Tesla is in no hurry to buy the dip. Wei Li is making profits. Happy Friday!

Weili Yitou Zhonger sold one lot in the dark pool yesterday and another today, making a small profit of 6,000. No big deal.

The important thing is, it's finally Friday. Feeling great, gonna treat myself to some good food to celebrate.

That's right, my beloved foie gras sushi.

1. Market Overview.

In the U.S. market, Trump has already signed an executive order on AI. The news only came out a few days ago, so the implementation speed of this order is quite fast. The future direction is quite clear. In contrast, many other executive orders have been progressing extremely slowly, dragging on and hitting roadblocks everywhere. The S&P 500 and Nasdaq hit new highs again, ignoring the Dow, which corrected by 0.7%. But still, the Dow's breakthrough won't take long.

In the Hong Kong market, a full-scale correction is underway, which is normal. Some short-term positions need to take profits, but for long-term investors, this is to prepare for a longer journey. Since the Hang Seng Index broke through our target of 24,874 on July 21, I've added quite a bit to my Hong Kong stock holdings. This isn't chasing highs; it's the start of another wave. Market > Sector > Stocks. With the Hang Seng breaking out, my Hong Kong stock holdings have seen significant profits recently. The predicted heavyweights in the Stock Connect have also performed well. Operation-wise, I'll continue holding.

Overall, the bull market remains unstoppable. For the three capital markets—Hong Kong, U.S., and A-shares—we've already added broad-based ETFs and related stock holdings on the day of the breakout.

Whether in the U.S. or Hong Kong, the AI narrative is the main theme. Here are a few news items:

1. Trump has signed an executive order on AI;

2. Morgan Stanley says that in terms of revisions, companies exposed to AI are clearly ahead of those not integrating AI, and the gap will only widen. AI adopters with high pricing power are leading the rally with higher earnings revisions, while companies impacted by AI are seeing negative revisions.

3. The 2025 World AI Conference and High-Level Meeting on Global AI Governance will be attended by Premier Li Qiang, who will deliver a speech;

4. During the U.S. earnings season, tech giants are ramping up capital expenditures. AI is the trend.

5. Rumors say SMIC has started mass-producing 5nm chips. Whether true or not, there's no smoke without fire.

6. GPT-5 is rumored to launch as early as early August.

On the Fed front, Trump visited the Fed headquarters yesterday, touring the renovation site. This was clearly a political performance, indirectly pressuring the Fed and tarnishing Powell's public image, using both soft and hard tactics. However, next week's meeting is 99.9% likely to hold rates, but a cut in September and another by year-end are possible.

2. Stock Holdings.

$NVIDIA(NVDA.US) After a few days of correction, it's rising again and about to break out today. Just hold. Don't take profits prematurely; don't sacrifice long-term gains for short-term gains.

$Tesla(TSLA.US)

Q2 revenue and profits both declined. TSLA dropped 8% after-hours. When it fell 4% last night, I said not to rush to add, and it ended up dropping 8%. Truly the biggest meme stock in the U.S. market. An 8% drop in a day means there's likely inertia in the short term. It's down another 1% after-hours, so I'm still waiting. The ideal add point is 291. At that level, I'll add to TSLA and maybe even buy TSLL and TSLG. If the direction is right, it's just a matter of how much you make.

News-wise, there are more negatives, so my strategy remains to wait. Yesterday, tensions between Trump and Musk eased slightly. Trump denied wanting to target Tesla or disrupt Musk's company's cooperation with the government. Since Trump pushed the "Big Beautiful Bill," cracks have appeared. Musk thinks the bill undermines DOGE's labor achievements and hurts Tesla. Trump, in turn, threatened to terminate SpaceX's government subsidy contracts.

The "Big Beautiful Bill" starting September 30 will end the $7,500 tax credit for new EVs and the $4,000 credit for used EVs, directly reducing consumer motivation to buy Tesla cars. Tesla faces declining sales. The bill also lowers fines for companies failing environmental standards, which could slash demand for Tesla's carbon credits. Tesla's carbon credit sales account for 16% of gross profit, so a drop will hurt earnings. Plus, as I mentioned earlier, Xspace's risk disclosure to investors notes Musk's potential political risks.

In all, TSLA is down nearly 20% this year, lagging among the "Magnificent Seven." I don't know how low it'll go, but I'll wait to add.

$Intel(INTC.US)

Intel has posted losses for six straight quarters, with flat revenue. Chen Lifu took over in March to lead restructuring and reform, improving efficiency and culture, but the market hasn't seen any positive news yet. After-hours, it dropped 4.64%. Compared to NVIDIA and AMD, Intel is clearly behind, with no near-term positives. So, even though it's cheap, I'm not buying.

$Netflix(NFLX.US)

This is a good level to add. The correction is sufficient, and with the Nasdaq surging, there's room for a rebound. I added last night.

3. Hong Kong IPO.

Geek+ is bouncing back today. Might see gains next week. Look how much Symbotic has risen—it's doubled since June. Geek+ not rising? $GEEKPLUS-W(02590.HK) $Symbotic(SYM.US)

Weili doubled in the dark pool yesterday. Following the big players is indeed stable. Sticking to the strategy: sell one, keep one. Small gains. $LEADS BIOLABS-B(09887.HK)

Coconut water up 4% today. Next week looks promising! $IFBH(06603.HK)