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Chinese Tech Giants Continue to Splurge on AI Despite U.S. Chip Restrictions
Vanguard Group warns: US technology stocks are seriously overvalued, people are too optimistic about the prospects of AI.
① Chief Economist of Pioneer Group wrote in the report that the market's expectations for artificial intelligence technology seem to be somewhat excessive. ② He warned that Wall Street's optimism about the economic growth and corporate profit increase brought by artificial intelligence technology has led to overvaluation of US technology stocks.
Goldman Sachs: Alibaba's dual primary listings pave the way for Stock Connect, maintains a 'buy' rating.
Goldman Sachs released a report stating that Alibaba will have dual primary listings on the Hong Kong Stock Exchange and the NYSE starting this Wednesday (28th). According to the Hong Kong Stock Connect review every six months, it is expected that after completing the main listing in Hong Kong, Alibaba will pave the way to be included in the Hong Kong Stock Connect in early September, potentially bringing in a net inflow of 150 to 16 billion US dollars. Goldman Sachs maintains a "buy" rating for Alibaba with a target price of 105 Hong Kong dollars, believing that this year Alibaba's GMV growth is accelerating again, demonstrating the effectiveness of its growth adjustment and user-centric development strategy. The strategic focus on Taobao and Tmall as core businesses for growth is progressing smoothly.
Wisdomeye Decision Reference | Hong Kong stocks overall continue to be relatively strong. Let's see if the trading volume can keep up.
Driven by performance, the overall performance of the Hong Kong stock market continued to be strong last week, but trading volume did not keep up.
Hong Kong stock announcement | Sinopec Corp releases interim financial results, with a net income attributable to equity holders of 35.703 billion yuan, a year-on-year increase of 1.7%. Domestic oil & gas equivalent production reaches a historical high fo
Alibaba SW (09988): voluntarily converted to dual-primary listing on the Hong Kong Stock Exchange...
Correction: Hong Kong Ends Week in Green; JD.com Soars 8% on Positive Earnings
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