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CITIC SEC: Maintain Buy rating for Baidu Group-SW (09888), expects the company's AI-related revenue to continue to increase.
In the medium term, with the introduction of AI empowering multiple business lines, the cloud business will focus on scenario and cost optimization, and it is expected that the company's AI-related revenue will continue to increase.
Hong Kong Stock Early Report | Financial opening-up policy welcomes significant Bullish; CICC and Galaxy Securities respond to merger rumors.
① The policy for financial openness introduces significant Bullish developments, lowering the entry barrier for Financial Institutions from Hong Kong and Macau to the mainland. ② The Indonesian government has signed an investment agreement with Apple, and the sales ban on the iPhone 16 will be lifted. ③ DeepSeek has reduced the API call prices, with discounts during off-peak periods reaching up to 75%. ④ Short-selling institutions are attempting to join forces to attack the leading AI application AppLovin.
U.S. stocks closed: Trump's chaotic remarks weighed on market sentiment but did not prevent Chinese concept stocks from surging.
1. Trump's chaotic tariff remarks impacted market sentiment, with the Nasdaq and S&P narrowly closing higher after fluctuations; 2. Chinese concept stocks returned to a strong upward trend, with the Nasdaq China Golden Dragon Index soaring by 3.66%; 3. NVIDIA released solid Earnings Reports, and the market reaction was moderate; 4. Short-selling Institutions attempted to join forces to launch a surprise attack on the AI application leader AppLovin.
US Morning News Call | Stock Futures Advance with Nvidia Earnings on the Horizon, Amid Hopes for AI Rally
Express News | Ishares China Large Cap ETF up 3.5%, Kraneshares CSI China Internet ETF up 4%
Express News | Alibaba up 2.9%, PDD Holdings up 3.9%, NetEase up 3.4%, Baidu up 2.5%, JD.com up 7.1%
