Goldman Sachs's interpretation of this week's market focus: "The Battle of AI-SaaS"

Two core disputes are: whether traditional software enterprises can maintain competitiveness in technical reconstruction and human-machine collaboration, and whether future profits may eventually flow to companies with efficient AI orchestration capabilities. Goldman Sachs believes that investor sentiment needs to be supported by 2-3 quarters of stability in fundamentals, short-term valuation pressure remains in the software sector, and bear market risks may be postponed rather than eliminated.

1 h ago

The production capacity explosion of the GW-class perovskite, what opportunities are there on the industrial chain?

The core logic of photovoltaics is always efficiency. The silicon technology has reached its limits, while perovskite is opening up new possibilities.

2 h ago

Software crashed together? Roblox (RBLX.US): It has an ecological closed-loop, Genie can't break.

Overall, the performance is relatively positive, although not explosive, but it has mainly relieved the long-suppressed market sentiment and obtained some release.

2 h ago

Industrial: Hong Kong stock market sentiment index has reached the bottom area.

The Hong Kong Stock Market Sentiment Index fell by over 24.5% to 39.9% on a weekly basis.

2 h ago

Revenue in the semiconductor industry is expected to exceed $1 trillion for the first time this year.

SIA predicts that global chip sales will increase by another 26% in 2026, reaching 1 trillion US dollars.

2 h ago

"The 'Chinese Choice' for Global SiC Core Customers: Why TIANYU SEMI (02658)?"

On the evening of February 6th, a notice revealed that the Chinese leading player in the SiC epitaxial wafer field, Tianyu Semiconductor, welcomed the long-awaited "momentum building moment".

3 h ago

The People's Bank of China has increased its gold holdings for the 15th consecutive month.

By the end of January 2026, the gold reserves of China reached 74.19 million ounces.

5 h ago

Guosen: RWA welcomes the era of strict supervision.

On February 6, the People's Bank of China and seven other departments jointly issued a notice on further preventing and addressing risks related to virtual currency. The China Securities Regulatory Commission also issued regulatory guidelines on the issuance of asset-backed securities tokens overseas by domestic assets.

5 h ago

Wondershare Technology Group (300624.SZ) has upgraded its Wondershare Filmora desktop version: free video editing, better AI results!

Wanxing Technology's Wanxing Miaoying desktop client has undergone a major upgrade.

6 h ago

Cui Dongshu: By 2025, the total national second-hand car transaction volume will be 20.11 million units, an increase of 2.5% year-on-year.

In the period from January to December 2025, the cumulative number of second-hand car transactions reached 20.11 million units, an increase of 2.5% year-on-year, with a total transaction value of 1.2898 trillion yuan, an increase of 0.4%. In recent years, the transfer rate of second-hand cars has fluctuated between 25% and 30%. In December 2025, the transfer rate reached a historical high of 34% for that month.

7 h ago

Oracle’s Up-to-$50 Billion 2026 Funding Plan Signals the Next Phase of the AI Data-Center Buildout

Oracle outlined plans to raise $45 billion to $50 billion in 2026 through a mix of equity and debt to fund a major expansion in AI-related data-center capacity. The announcement clarified how the company intends to finance accelerated infrastructure commitments while aiming to preserve an investment-grade profile. The trade-off is straightforward: faster capacity growth and potential long-term market share gains, against near-term dilution, leverage, and prolonged pressure on free cash flow.

8 h ago

Societe Generale Raises 2026 Profitability Target After Q4 Beat, Signals Capital Return Momentum

Societe Generale reported a stronger-than-expected fourth quarter, using tighter cost control and a rebound in French retail banking to offset weaker investment-banking trading. Management lifted its 2026 profitability ambition and paired the update with renewed confidence from its board and a larger capital return plan, positioning the bank as one of Europe’s notable turnaround stories, but with clear questions still hanging over trading resilience and the next strategic plan.

8 h ago

Toyota Names Kenta Kon as New CEO Following 43% Quarterly Profit Decline

Faced with a 43% quarterly profit drop primarily caused by rising material costs and trade tariffs, Toyota has appointed its Chief Financial Officer, Kenta Kon, as the new CEO to steer the company’s "gear shift" toward becoming a more agile mobility provider.

8 h ago

Wiped Out: $2 Trillion Crypto Loss Meets 17-Year Peak in U.S. Layoffs

Massive capital expenditures in AI, a weakening labor market, and a sharp retreat in the cryptocurrency sector have triggered a widespread global sell-off, erasing billions in market value as investors abandon previously high-flying assets.

8 h ago

Northeast: Music ecosystem giant NETEASE MUSIC (09899) benefits from rapid industry growth.

It is estimated that the company's revenue will be 79.35/86.92/95.85 billion yuan from 2025 to 2027, with a net profit attributable to the parent company of 26.84/22.15/25.41 billion yuan, and EPS of 12.32/10.17/11.66 yuan. The corresponding PE for 2026 is 16 times.

8 h ago

100 billion is simply not enough to distribute! Investors are rushing to add to Anthropic, and the frenzy of oversubscription is pushing funding to 20 billion US dollars.

The artificial intelligence startup Anthropic PBC is finalizing the last details of a round of funding that may raise over 2 billion dollars and is expected to be completed as early as next week.

8 h ago

Panic Spreads As Selling Begets More Selling

Technology sector panic has triggered a global sell‑off, with AMD plunging 17% and Palantir down 12%, while Alphabet’s plan to double capital expenditures to USD 175–185 billion raised concerns and pushed its shares lower.

8 h ago

Buy Dingdong Maicai, Meituan Eyes More Than Just Instant Retail

Meituan completed the acquisition of Dingdong Maicai’s China business for USD 717 million, gaining over 1,000 front warehouses and a mature fresh supply chain to strengthen its instant retail strategy. Dingdong Maicai, despite achieving profitability in 2024 with RMB 929 million net operating cash flow, faced declining net profit in Q1 2025 and ultimately opted for integration with Meituan.

8 h ago

Food Delivery War One Year On: HKD 80 Billion Burned, Who Emerges Victorious?

Meituan Waimai held 46.9% of market share in Q3 2025, while Alibaba’s Ele.me and Taobao Flash Sale combined reached 42.8%, and JD.com Waimai maintained around 10%. The three giants collectively spent more than HKD 80 billion in subsidies, with Meituan reporting a Q3 operating loss of RMB 14.1 billion.

8 h ago

Morgan Stanley Quant Warns: Momentum Collapse, Heavy Leveraged ETF Selling Depresses U.S. Stocks With Few Retail Buyers Stepping In

Morgan Stanley reported a sharp momentum collapse on February 5, with its MSZZMOMO index plunging 7.7% and leveraged ETF rebalancing adding USD 18 billion in selling pressure. High‑beta themes such as AI, national security and Bitcoin mining stocks were hit hardest, while cyclical sectors showed relative strength.

8 h ago

GMT Eight

GMT Eight