ByteDance AI Actions Boost Market; Google Issues 100-Year Gilt Bond | Daily News Recap

0210 ｜Dolphin Research Focus:

🐬 Macro/Industry

1. AI apps and the broader AI supply chain rallied again today. ByteDance's image-generation model Seedream 5.0 officially launched, now integrated into Jianying (China), CapCut (Intl), and the Xiaoyunque AI creation platform. It also entered gray-scale testing on Jimeng AI.

Earlier, ByteDance's AI video model Seedance 2.0 went viral during a limited beta, drawing global attention. Its breakthrough ability to turn text/images into film-grade video made it a cross-industry focal point.

Near term, sentiment and flows are in sync. Longer term, watch progress on monetization and user retention.

🐬 Stocks

1.$Alphabet(GOOGL.US)

Alphabet issued a 100-year GBP bond, the first such deal by a tech firm in nearly 30 years, alongside multi-tenor notes to fund AI capex. The raise could exceed GBP 5bn, with proceeds earmarked for AI, data center expansion, and global growth.

Heavier investment in data centers and AI compute underscores a long-term commitment. Investors should track the ROI of AI spend.

2.$ByteDance(BYTED.NA)

Following Yuanbao's RMB 1bn red packet push and Qianwen's RMB 3bn freebies, Doubao announced a Chinese New Year's Eve appearance on CCTV's Spring Festival Gala. It will give out 100k+ tech gifts and up to RMB 8,888 in cash, with items like smart robots and drones infused with Doubao LLM capabilities, plus multi-round AI interactions.

Doubao aims to leverage the Gala's peak traffic for brand breakout and viral user growth. Differentiated tech gifts highlight AI attributes vs. pure cash subsidies, shifting Lunar New Year AI marketing toward tech-and-scenario integration.

3.$Taiwan Semiconductor(TSM.US)

TSMC reported Jan revenue of TWD 401.26bn (+36.8% YoY, +19.8% MoM), a new monthly record. Strength was driven by robust AI chip demand, with advanced nodes running at high utilization as consumer electronics gradually recover downstream.

The print lifts confidence across the semi supply chain, benefiting upstream equipment and materials. Earnings momentum should remain underpinned by AI chip demand.

4.$XIAOMI-W(01810.HK)

At 8pm tonight, on Little New Year, Xiaomi hosted live streams across customized service centers nationwide. The events celebrate the Lunar New Year with users.

5. Earnings due tonight: Coca-Cola, Spotify, and SMIC. SMIC will also release results this evening.

🐬 Top Gainers

A-shares: Movies & Entertainment, Sports Facilities, Kitchenware. These sectors led the market.

HK: Systems Software, Media, Distributors. These sectors outperformed.

US: Silver, Electronic Components, Gold. These groups outperformed.

🐬 Watch Tomorrow

1. Earnings: Robinhood, NetEase, Unity, Shopify. Results are due tomorrow.

2. China CPI (YoY). Data due tomorrow.

3. US: final 2025 benchmark revision (NSA) to nonfarm payrolls. Also Jan nonfarm payrolls (SA) and the Jan unemployment rate.

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