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Chinese tech stocks are making waves, with a significant surge this week driven by the country’s growing focus on high-tech innovations. Stocks in the AI, chip, and new-energy sectors have been especially hot, with some companies hitting their highest levels since 2022. 🚀
One key driver of this rally is DeepSeek, an AI startup that has taken the tech world by storm with its low-cost AI model. DeepSeek’s breakthrough...

Thanks to S&P Global Market Intelligence for providing the data. This maneuver mainly relied on three strategies: delivering an impressive third-quarter performance report at the end of October; boosting investor confidence with its lending business; and the post-presidential election economic recovery and market expectations of interest rate cuts, which fueled the bullish sentiment.
SoFi, as a company from its IPO several years ago until now, can be considered a "stimulus stock". It disrupted traditional banks, attracted a large number of young social media fans, but also because it was labeled as a "risky technology stock", experienced ups and downs like a roller coaster. However, now SoFi has finally turned the tide. With four consecutive quarters of GAAP net income, it has finally proven itself. Moreover, the management confidently states that this profitability trend will continue.
Sounds good, right? But there is a small twist. In recent years, the market's sentiment towards SoFi has been somewhat complex, mainly because its main business is lending, and loan revenue has been under pressure. Although lending is SoFi's "cornerstone", the management had long realized that you cannot put all your eggs in one basket, so they began aggressively expanding their platform business. The third-quarter financial report shows that SoFi's financial services business grew by 102% year-on-year, with an incredibly strong momentum. SoFi is now not just a lender; it also provides various digital financial services such as banks accounts, investments, insurance, and more...