Alibaba, Baidu Stocks Fall as Chinese Tech Enters Correction Territory

Barron'sMar 31 09:39 ET

[Brokerage Focus] BOCOM INTL's April Golden Stock Selection: Hong Kong stocks await attack with defense, Bullish on AI and Technology Sector.

Jinwu Financial News | BOCOM INTL released its April stock pick study. The bank indicated that amid rising Global uncertainty, Hong Kong stocks showed a volatile trend in March. After a significant rise in February, the upward momentum of Hong Kong stocks weakened in March, with the Hang Seng TECH Index entering a technical adjustment Range; however, it still leads among the major Global stock indices since the beginning of the year. With the valuation of leading internet stocks having undergone significant repair, the upward adjustment of profit expectations remains relatively cautious. Meanwhile, southbound funds continue to maintain a net Inflow trend, with a phase of divergence in funds appearing, and under the intensifying long-short game, Hong Kong stocks shifted from a unilateral rise to a volatile trend. Looking ahead, whether both China and the US can reach a new round of agreements will be crucial.

Jingwu Financial News45minutes ago

Jack Ma Drew A Parallel Between Himself And Forrest Gump At The Alibaba IPO Over A Decade Ago — The Philosophy Inspired By The Iconic Character Has Helped Build A Tech Giant Worth $319 Billion

Benzinga22:03 ET

[Brokerage Focus] China Securities Co.,Ltd.: It is believed that starting in April, outstanding domestic Agents will gradually emerge, becoming important scenarios for the implementation of AI.

Jinwu Finance | China Securities Co.,Ltd. released a Research Report stating that the marginal returns of current pre-trained large models are constrained by the Scaling Law and have gradually reached a bottleneck; more powerful agents (intelligent entities) have become an important direction for the future efforts of large model vendors. The company believes that, according to the technical framework of agents, their development has essentially gone through three stages: workflow framework + pre-trained model, workflow framework + inference model, and end-to-end agent framework + inference model. With the launch of the third-generation agents represented by Open AI Deep Research, the immense potential of agents and...

Jingu Financial News20:58 ET

[Brokerage Focus] CITIC SEC expects overall revenue in the Computer Sector to show steady growth in Q1, with high prosperity maintained in areas such as AI, Xinchuang, and computing power.

Jinwu Financial News | CITIC SEC stated that Q1 is usually a low season for the Computer Industry's annual performance, with Q1 revenue and profit accounting for a lower percentage of the entire year, and profit being more affected by revenue fluctuations. Therefore, the institution mainly focuses on forward judgment on revenue. In Q1 2025, it is expected that the overall revenue of the Computer Sector will show steady growth, with AI, innovation, and computing power directions maintaining a high level of prosperity, and cyclical sectors are likely to gradually stabilize. Looking ahead to 2025, seize the opportunities of the 'AI mainline', gradually shift from computing power to focusing on application implementation, while considering the marginal changes in structural demand and points of policy effort, and layout high-certainty opportunities and the direction of bottom recovery.

Jinwu Finance News20:47 ET

Alibaba Group (BABA) Strengthens AI Investments With Improved Cloud Revenue Projections

Yahoo Finance19:57 ET