$TENCENT (00700.HK)$ all the US institutions shorting hard. bad results?

2 weeks ago, the market was on a significant pullback with the S&P 500 down almost 5% from its peak.
But in the blink of an eye, positive big tech earnings have revived the rally to bring the market to its best week since Oct 2023.
How fast things changed uh?
Seems like the market is temporarily ignoring the various hot inflation data (PCE, CPI, PPI).
$Super Micro Computer (SMCI.US)$ $Taiwan Semiconductor (TSM.US)$ $Starbucks (SBUX.US)$ $Pinterest (PINS.US)$   $Goldman Sachs (GS.US)$ $Grab Holdings (GRAB.US)$ $Spotify Technology (SPOT.US)$ $Snap Inc (SNAP.US)$ $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ $ARK Innovation ETF (ARKK.US)$ $Tradr 2X Short Innovation Daily ETF (SARK.US)$ $Alibaba (BABA.US)$ $NIO Inc (NIO.US)$ $Baidu (BIDU.US)$