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2025-06-28

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@TigerFeatures:【Valuation Analysis】Description

2025-06-28

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@koolgal:The Latest HK SDRs - Why JD.com, SMCI & PetroChina Could Supercharge Your Portfolio

2025-12-24

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Beyond Chatbots: Google Bets on "World Models" to Make Smart Glasses the Next AI Killer App

2025-09-23

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Baidu or Alibaba? Why This Is the Stock to Play China's AI Boom

2025-09-16

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@OptionsDelta:Waiting for FOMC and Triple Witching

2025-09-07

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2025-08-29

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Alibaba’s Friday Earnings to Crown China Tech’s Q2 Winner

2025-08-26

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Alibaba's Risky $53B AI Bet Faces Make-or-Break Moment

2025-08-22

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@EclipseTR:Intel – 7% Plunge: Decoding the Drop and What It Means

2025-08-21

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The S&P 500 is at its most expensive by this measure. These stocks have bucked the trend.

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Predict","images":[{"img":"https://community-static.tradeup.com/news/cb02fce1ae968c1efc5449da7d0b16c7","width":"1290","height":"2796"},{"img":"https://community-static.tradeup.com/news/18444461477c26d7330a747b69bf8d64","width":"830","height":"1154"},{"img":"https://community-static.tradeup.com/news/1dd43ec95c2fa801a7b12b204dc5144b","width":"668","height":"930"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9081561947","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":7,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":513950915862768,"gmtCreate":1766506679160,"gmtModify":1766506681754,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/513950915862768","repostId":"1148588235","repostType":2,"repost":{"id":"1148588235","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1766486042,"share":"https://ttm.financial/m/news/1148588235?lang=en_US&edition=fundamental","pubTime":"2025-12-23 18:34","market":"us","language":"en","title":"Beyond Chatbots: Google Bets on \"World Models\" to Make Smart Glasses the Next AI Killer App","url":"https://stock-news.laohu8.com/highlight/detail?id=1148588235","media":"Deep News","summary":"Alphabet is shifting its AI strategy to move beyond the chatbot paradigm currently dominating the industry, placing a strategic bet on \"world models\" that understand physical environments to achieve...","content":"<p>Alphabet is shifting its AI strategy to move beyond the chatbot paradigm currently dominating the industry, placing a strategic bet on \"world models\" that understand physical environments to achieve the next qualitative leap in artificial intelligence.</p>\n<p>The company plans to launch new AI-powered smart glasses in 2026, developed in partnership with Samsung, which will leverage world model technology to differentiate from competitors like Meta. Unlike rival products that merely describe camera feeds, these glasses aim to comprehend 3D spaces, physical object relationships, and environmental dynamics. This marks a crucial product initiative by Demis Hassabis that could rehabilitate Alphabet's reputation in wearable tech while setting new industry standards.</p>\n<p>The move comes as Alphabet regains ground in the AI race. With the successful launch of Gemini 3 topping performance benchmarks and rapidly closing the user gap with OpenAI, the company has forced competitors to declare \"code red\" responses. Though ChatGPT maintains enterprise and first-mover advantages, Alphabet's vast resources and dual-track technical approach are reshaping the competitive landscape.</p>\n<p>Market analysts suggest that commercially successful world model glasses would represent more than hardware revival—they could signal AI's paradigm shift from language processing to physical world interaction. For investors, this tests both Alphabet's ability to find AI's killer application and Hassabis' transition from Nobel-caliber scientist to architect of the company's next era.</p>\n<p>### Beyond Chatbots: The World Model Gambit\nIn Alphabet's strategic vision, large language models (LLMs) like ChatGPT aren't the sole path to AGI. While OpenAI and Meta's Zuckerberg pour billions into chatbot development, Hassabis maintains that world models trained on physical environments will drive AI's next breakthrough.</p>\n<p>This philosophical divide is emerging industry-wide. Hassabis advocates for AI with physical world understanding, exemplified by Project Astra's focus on object movement and spatial relationships. By contrast, Meta's former AI chief Yann LeCun departed over strategic disagreements despite sharing similar views. As rivals chase super-intelligent chatbots, Alphabet is hedge-funding its bets across both existing and potentially paradigm-shifting technologies.</p>\n<p>### Gemini's Comeback and Organizational Overhaul\nTo gain competitive edge, Alphabet CEO Sundar Pichai consolidated two AI divisions under Hassabis in 2023, resolving longstanding internal conflicts. In August 2024, the company reportedly spent $2.7 billion to rehire Transformer co-inventor Noam Shazeer, whose earlier departure stemmed from disagreements over chatbot development.</p>\n<p>Shazeer's return proved pivotal—as Gemini's co-technical lead, he identified and fixed critical architecture flaws, dramatically improving training efficiency. These optimizations contributed to Gemini 3 outperforming ChatGPT in benchmarks while achieving 650 million monthly active users, plus approximately 2 billion users through Google Search integration.</p>\n<p>Though less personally invested in LLMs than Shazeer, Hassabis has skillfully reconciled divergent approaches to reposition Alphabet at the AI forefront. \"While part of him cares deeply about science, an equally important part cares about winning,\" observes Sebastian Mallaby, author of Hassabis' biography.</p>\n<p>### The Killer App Test: Smart Glasses' Commercial Challenge\nDespite Gemini's progress, Alphabet faces mounting commercialization pressure. With delayed enterprise offerings and research breakthroughs like AlphaFold yet to yield FDA-approved drugs, the company urgently needs non-advertising revenue streams. The 2026 smart glasses launch carries these expectations.</p>\n<p>The Samsung-collaborated device will reportedly feature lens displays for navigation and translation. Crucially, successful world model integration could enable features like object memory (\"Where are my keys?\"), 3D environment comprehension, and dynamic prediction—creating generational differentiation from Meta's Ray-Ban glasses, which lack deep physical world processing.</p>\n<p>Should these glasses succeed, they could redeem Alphabet's Google Glass legacy while establishing true AI leadership in next-gen computing platforms.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Beyond Chatbots: Google Bets on \"World Models\" to Make Smart Glasses the Next AI Killer App</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBeyond Chatbots: Google Bets on \"World Models\" to Make Smart Glasses the Next AI Killer App\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2025-12-23 18:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Alphabet is shifting its AI strategy to move beyond the chatbot paradigm currently dominating the industry, placing a strategic bet on \"world models\" that understand physical environments to achieve the next qualitative leap in artificial intelligence.</p>\n<p>The company plans to launch new AI-powered smart glasses in 2026, developed in partnership with Samsung, which will leverage world model technology to differentiate from competitors like Meta. Unlike rival products that merely describe camera feeds, these glasses aim to comprehend 3D spaces, physical object relationships, and environmental dynamics. This marks a crucial product initiative by Demis Hassabis that could rehabilitate Alphabet's reputation in wearable tech while setting new industry standards.</p>\n<p>The move comes as Alphabet regains ground in the AI race. With the successful launch of Gemini 3 topping performance benchmarks and rapidly closing the user gap with OpenAI, the company has forced competitors to declare \"code red\" responses. Though ChatGPT maintains enterprise and first-mover advantages, Alphabet's vast resources and dual-track technical approach are reshaping the competitive landscape.</p>\n<p>Market analysts suggest that commercially successful world model glasses would represent more than hardware revival—they could signal AI's paradigm shift from language processing to physical world interaction. For investors, this tests both Alphabet's ability to find AI's killer application and Hassabis' transition from Nobel-caliber scientist to architect of the company's next era.</p>\n<p>### Beyond Chatbots: The World Model Gambit\nIn Alphabet's strategic vision, large language models (LLMs) like ChatGPT aren't the sole path to AGI. While OpenAI and Meta's Zuckerberg pour billions into chatbot development, Hassabis maintains that world models trained on physical environments will drive AI's next breakthrough.</p>\n<p>This philosophical divide is emerging industry-wide. Hassabis advocates for AI with physical world understanding, exemplified by Project Astra's focus on object movement and spatial relationships. By contrast, Meta's former AI chief Yann LeCun departed over strategic disagreements despite sharing similar views. As rivals chase super-intelligent chatbots, Alphabet is hedge-funding its bets across both existing and potentially paradigm-shifting technologies.</p>\n<p>### Gemini's Comeback and Organizational Overhaul\nTo gain competitive edge, Alphabet CEO Sundar Pichai consolidated two AI divisions under Hassabis in 2023, resolving longstanding internal conflicts. In August 2024, the company reportedly spent $2.7 billion to rehire Transformer co-inventor Noam Shazeer, whose earlier departure stemmed from disagreements over chatbot development.</p>\n<p>Shazeer's return proved pivotal—as Gemini's co-technical lead, he identified and fixed critical architecture flaws, dramatically improving training efficiency. These optimizations contributed to Gemini 3 outperforming ChatGPT in benchmarks while achieving 650 million monthly active users, plus approximately 2 billion users through Google Search integration.</p>\n<p>Though less personally invested in LLMs than Shazeer, Hassabis has skillfully reconciled divergent approaches to reposition Alphabet at the AI forefront. \"While part of him cares deeply about science, an equally important part cares about winning,\" observes Sebastian Mallaby, author of Hassabis' biography.</p>\n<p>### The Killer App Test: Smart Glasses' Commercial Challenge\nDespite Gemini's progress, Alphabet faces mounting commercialization pressure. With delayed enterprise offerings and research breakthroughs like AlphaFold yet to yield FDA-approved drugs, the company urgently needs non-advertising revenue streams. The 2026 smart glasses launch carries these expectations.</p>\n<p>The Samsung-collaborated device will reportedly feature lens displays for navigation and translation. Crucially, successful world model integration could enable features like object memory (\"Where are my keys?\"), 3D environment comprehension, and dynamic prediction—creating generational differentiation from Meta's Ray-Ban glasses, which lack deep physical world processing.</p>\n<p>Should these glasses succeed, they could redeem Alphabet's Google Glass legacy while establishing true AI leadership in next-gen computing platforms.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0072462426.USD":"贝莱德全球配置 A2","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU2860962120.EUR":"CPR INVEST - 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Unlike rival products that merely describe camera feeds, these glasses aim to comprehend 3D spaces, physical object relationships, and environmental dynamics. This marks a crucial product initiative by Demis Hassabis that could rehabilitate Alphabet's reputation in wearable tech while setting new industry standards.\nThe move comes as Alphabet regains ground in the AI race. With the successful launch of Gemini 3 topping performance benchmarks and rapidly closing the user gap with OpenAI, the company has forced competitors to declare \"code red\" responses. Though ChatGPT maintains enterprise and first-mover advantages, Alphabet's vast resources and dual-track technical approach are reshaping the competitive landscape.\nMarket analysts suggest that commercially successful world model glasses would represent more than hardware revival—they could signal AI's paradigm shift from language processing to physical world interaction. For investors, this tests both Alphabet's ability to find AI's killer application and Hassabis' transition from Nobel-caliber scientist to architect of the company's next era.\n### Beyond Chatbots: The World Model Gambit\nIn Alphabet's strategic vision, large language models (LLMs) like ChatGPT aren't the sole path to AGI. While OpenAI and Meta's Zuckerberg pour billions into chatbot development, Hassabis maintains that world models trained on physical environments will drive AI's next breakthrough.\nThis philosophical divide is emerging industry-wide. Hassabis advocates for AI with physical world understanding, exemplified by Project Astra's focus on object movement and spatial relationships. By contrast, Meta's former AI chief Yann LeCun departed over strategic disagreements despite sharing similar views. As rivals chase super-intelligent chatbots, Alphabet is hedge-funding its bets across both existing and potentially paradigm-shifting technologies.\n### Gemini's Comeback and Organizational Overhaul\nTo gain competitive edge, Alphabet CEO Sundar Pichai consolidated two AI divisions under Hassabis in 2023, resolving longstanding internal conflicts. In August 2024, the company reportedly spent $2.7 billion to rehire Transformer co-inventor Noam Shazeer, whose earlier departure stemmed from disagreements over chatbot development.\nShazeer's return proved pivotal—as Gemini's co-technical lead, he identified and fixed critical architecture flaws, dramatically improving training efficiency. These optimizations contributed to Gemini 3 outperforming ChatGPT in benchmarks while achieving 650 million monthly active users, plus approximately 2 billion users through Google Search integration.\nThough less personally invested in LLMs than Shazeer, Hassabis has skillfully reconciled divergent approaches to reposition Alphabet at the AI forefront. \"While part of him cares deeply about science, an equally important part cares about winning,\" observes Sebastian Mallaby, author of Hassabis' biography.\n### The Killer App Test: Smart Glasses' Commercial Challenge\nDespite Gemini's progress, Alphabet faces mounting commercialization pressure. With delayed enterprise offerings and research breakthroughs like AlphaFold yet to yield FDA-approved drugs, the company urgently needs non-advertising revenue streams. The 2026 smart glasses launch carries these expectations.\nThe Samsung-collaborated device will reportedly feature lens displays for navigation and translation. Crucially, successful world model integration could enable features like object memory (\"Where are my keys?\"), 3D environment comprehension, and dynamic prediction—creating generational differentiation from Meta's Ray-Ban glasses, which lack deep physical world processing.\nShould these glasses succeed, they could redeem Alphabet's Google Glass legacy while establishing true AI leadership in next-gen computing platforms.","news_type":1,"symbols_score_info":{"GOOGL":1,"USJW.SI":1}},"isVote":1,"tweetType":1,"viewCount":605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":481707902693456,"gmtCreate":1758638385792,"gmtModify":1758638389258,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/481707902693456","repostId":"2569153697","repostType":2,"repost":{"id":"2569153697","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1758637839,"share":"https://ttm.financial/m/news/2569153697?lang=en_US&edition=fundamental","pubTime":"2025-09-23 22:30","market":"fut","language":"en","title":"Baidu or Alibaba? Why This Is the Stock to Play China's AI Boom","url":"https://stock-news.laohu8.com/highlight/detail?id=2569153697","media":"Dow Jones","summary":"Baidu is among the Chinese tech stocks that have rallied this year amid optimism over artificial intelligence -- an upward trend line that looks to buck years of rocky performance from regulatory and growth challenges.Shares in Baidu are up more than 65% in 2025, closing near $137 on Monday, though the stock slipped 2% in Tuesday's premarket. Crashing from peaks above $300 in early 2021, Baidu stock has spent much of the time since wallowing between $80 and $150, but hasn't traded this high in two years.While Baidu has recently been outperforming its tech and AI rival Alibaba -- rallying almost 50% in the past month compared with Alibaba's 32% -- the latter company may be a better pick, analysts at Nomura said over the weekend.\"Alibaba is a more attractive alternative,\" analysts Jialong Shi and Rachel Guo wrote in a note. They rate Baidu at Neutral with a price target of $135.Nomura rates Alibaba at Buy with a price target of $170. The stock clos","content":"<html><head></head><body><p>Nomura rates Alibaba at Buy with a price target of $170. The stock rose 2% in morning trading. Nomura rates Baidu at Neutral with a price target of $135. Baidu stock slipped 5% in Tuesday&#39;s morning trading</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e662a5f0dc47c1147e8a5d929d8846d1\" title=\"\" tg-width=\"316\" tg-height=\"95\"/></p><p><a href=\"https://laohu8.com/S/09888\">Baidu</a> is among the Chinese tech stocks that have rallied this year amid optimism over artificial intelligence -- an upward trend line that looks to buck years of rocky performance from regulatory and growth challenges.</p><p>Crashing from peaks above $300 in early 2021, Baidu stock has spent much of the time since wallowing between $80 and $150, but hasn&#39;t traded this high in two years.</p><p>While Baidu has recently been outperforming its tech and AI rival Alibaba -- rallying almost 50% in the past month compared with Alibaba&#39;s 32% -- the latter company may be a better pick, analysts at Nomura said over the weekend.</p><p>&#34;Alibaba is a more attractive alternative,&#34; analysts Jialong Shi and Rachel Guo wrote in a note.</p><p>The crux of the Nomura thesis is that, while Baidu&#39;s chips business -- central to AI -- is promising, its core search and advertising business faces headwinds from the very AI boom that has boosted the stock. Baidu is frequently compared with Alphabet and called China&#39;s answer to Google.</p><p>&#34;[Baidu&#39;s chips arm] KLX and [Alibaba&#39;s] T-head are both among the top domestic chip designers in terms of knowhow and performance of their chips,&#34; Shi and Guo wrote. &#34;We believe both KLX and T-head will likely benefit from the rising inference demand of Chinese LLMs in view of tightening scrutiny by the China government over purchasing overseas chips.&#34;</p><p>However, Nomura sees the headwinds facing Baidu&#39;s search and ads business potentially canceling out tailwinds for the stock from AI and chips.</p><p>&#34;Unlike its U.S. search peer, Google, Baidu&#39;s footing in the traditional search market had already been significantly weakened even before the rapid emergence of AI search,&#34; the Nomura analysts wrote, pointing to the internet landscape in China, where much mobile activity occurs within third-party apps that Baidu cannot easily penetrate -- such as WeChat.</p><p>The emergence of AI-driven search is another threat to Baidu, the team at Nomura said, with competitors such as Tencent and Alibaba growing their own in-house AI search capabilities. While Baidu has leaned into AI search, which Nomura views as the right strategy for user retention, it is coming at the expense of key revenue from search engine ads.</p><p>&#34;We are concerned that Baidu&#39;s intensified efforts to push into AI search so far does not seem to have helped to arrest the loss of its search app&#39;s users and time spent...which might suggest Baidu&#39;s AI search has failed to generate the desired traction with users,&#34; Shi and Guo wrote. &#34;We believe Alibaba stock offers more appealing risk reward vs. Baidu at current price levels.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Baidu or Alibaba? Why This Is the Stock to Play China's AI Boom</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu or Alibaba? Why This Is the Stock to Play China's AI Boom\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-23 22:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Nomura rates Alibaba at Buy with a price target of $170. The stock rose 2% in morning trading. Nomura rates Baidu at Neutral with a price target of $135. Baidu stock slipped 5% in Tuesday&#39;s morning trading</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e662a5f0dc47c1147e8a5d929d8846d1\" title=\"\" tg-width=\"316\" tg-height=\"95\"/></p><p><a href=\"https://laohu8.com/S/09888\">Baidu</a> is among the Chinese tech stocks that have rallied this year amid optimism over artificial intelligence -- an upward trend line that looks to buck years of rocky performance from regulatory and growth challenges.</p><p>Crashing from peaks above $300 in early 2021, Baidu stock has spent much of the time since wallowing between $80 and $150, but hasn&#39;t traded this high in two years.</p><p>While Baidu has recently been outperforming its tech and AI rival Alibaba -- rallying almost 50% in the past month compared with Alibaba&#39;s 32% -- the latter company may be a better pick, analysts at Nomura said over the weekend.</p><p>&#34;Alibaba is a more attractive alternative,&#34; analysts Jialong Shi and Rachel Guo wrote in a note.</p><p>The crux of the Nomura thesis is that, while Baidu&#39;s chips business -- central to AI -- is promising, its core search and advertising business faces headwinds from the very AI boom that has boosted the stock. Baidu is frequently compared with Alphabet and called China&#39;s answer to Google.</p><p>&#34;[Baidu&#39;s chips arm] KLX and [Alibaba&#39;s] T-head are both among the top domestic chip designers in terms of knowhow and performance of their chips,&#34; Shi and Guo wrote. &#34;We believe both KLX and T-head will likely benefit from the rising inference demand of Chinese LLMs in view of tightening scrutiny by the China government over purchasing overseas chips.&#34;</p><p>However, Nomura sees the headwinds facing Baidu&#39;s search and ads business potentially canceling out tailwinds for the stock from AI and chips.</p><p>&#34;Unlike its U.S. search peer, Google, Baidu&#39;s footing in the traditional search market had already been significantly weakened even before the rapid emergence of AI search,&#34; the Nomura analysts wrote, pointing to the internet landscape in China, where much mobile activity occurs within third-party apps that Baidu cannot easily penetrate -- such as WeChat.</p><p>The emergence of AI-driven search is another threat to Baidu, the team at Nomura said, with competitors such as Tencent and Alibaba growing their own in-house AI search capabilities. While Baidu has leaned into AI search, which Nomura views as the right strategy for user retention, it is coming at the expense of key revenue from search engine ads.</p><p>&#34;We are concerned that Baidu&#39;s intensified efforts to push into AI search so far does not seem to have helped to arrest the loss of its search app&#39;s users and time spent...which might suggest Baidu&#39;s AI search has failed to generate the desired traction with users,&#34; Shi and Guo wrote. &#34;We believe Alibaba stock offers more appealing risk reward vs. Baidu at current price levels.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0261947096.USD":"FIDELITY FUNDS  SUSTAINABLE ASIA EQUITY \"A\" (USD) ACC","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","SG9999002232.USD":"Allianz Global High Payout USD","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","LU0348783233.USD":"安联东方收入型 CI A Dis美元","LU0072462426.USD":"贝莱德全球配置 A2","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1568876251.USD":"ALLIANZ CHINA MULTI INCOME PLUS \"AMG\" (USD) INC","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","LU1917777945.USD":"安联专题基金Cl AT Acc","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU1226287792.SGD":"UBS (LUX) KEY SEL S-CHINA ALLOCATION OPP \"P\" (SGDHDG) INC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU1046421795.USD":"富达环球科技A-ACC","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","BABA":"阿里巴巴","LU0210527791.USD":"JPM ASIA PACIFIC INCOME \"A\" (USD) ACC","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","LU2077746001.SGD":"Blackrock ESG Multi-Asset A2 SGD-H","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","BIDU":"百度","BK4565":"NFT概念","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU0072462343.USD":"贝莱德亚洲巨龙基金","BK4561":"索罗斯持仓","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU1282651048.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (USD) INC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","BK1608":"元宇宙概念"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2569153697","content_text":"Nomura rates Alibaba at Buy with a price target of $170. The stock rose 2% in morning trading. Nomura rates Baidu at Neutral with a price target of $135. Baidu stock slipped 5% in Tuesday's morning tradingBaidu is among the Chinese tech stocks that have rallied this year amid optimism over artificial intelligence -- an upward trend line that looks to buck years of rocky performance from regulatory and growth challenges.Crashing from peaks above $300 in early 2021, Baidu stock has spent much of the time since wallowing between $80 and $150, but hasn't traded this high in two years.While Baidu has recently been outperforming its tech and AI rival Alibaba -- rallying almost 50% in the past month compared with Alibaba's 32% -- the latter company may be a better pick, analysts at Nomura said over the weekend.\"Alibaba is a more attractive alternative,\" analysts Jialong Shi and Rachel Guo wrote in a note.The crux of the Nomura thesis is that, while Baidu's chips business -- central to AI -- is promising, its core search and advertising business faces headwinds from the very AI boom that has boosted the stock. Baidu is frequently compared with Alphabet and called China's answer to Google.\"[Baidu's chips arm] KLX and [Alibaba's] T-head are both among the top domestic chip designers in terms of knowhow and performance of their chips,\" Shi and Guo wrote. \"We believe both KLX and T-head will likely benefit from the rising inference demand of Chinese LLMs in view of tightening scrutiny by the China government over purchasing overseas chips.\"However, Nomura sees the headwinds facing Baidu's search and ads business potentially canceling out tailwinds for the stock from AI and chips.\"Unlike its U.S. search peer, Google, Baidu's footing in the traditional search market had already been significantly weakened even before the rapid emergence of AI search,\" the Nomura analysts wrote, pointing to the internet landscape in China, where much mobile activity occurs within third-party apps that Baidu cannot easily penetrate -- such as WeChat.The emergence of AI-driven search is another threat to Baidu, the team at Nomura said, with competitors such as Tencent and Alibaba growing their own in-house AI search capabilities. While Baidu has leaned into AI search, which Nomura views as the right strategy for user retention, it is coming at the expense of key revenue from search engine ads.\"We are concerned that Baidu's intensified efforts to push into AI search so far does not seem to have helped to arrest the loss of its search app's users and time spent...which might suggest Baidu's AI search has failed to generate the desired traction with users,\" Shi and Guo wrote. \"We believe Alibaba stock offers more appealing risk reward vs. Baidu at current price levels.\"","news_type":1,"symbols_score_info":{"BABA":1.1,"BIDU":1.1}},"isVote":1,"tweetType":1,"viewCount":1041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":479277021585984,"gmtCreate":1758038134621,"gmtModify":1758038138122,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/479277021585984","repostId":"479297215348832","repostType":1,"repost":{"id":479297215348832,"gmtCreate":1758035635317,"gmtModify":1758035659119,"author":{"id":"4102740637684170","authorId":"4102740637684170","name":"OptionsDelta","avatar":"https://static.tigerbbs.com/b5ab2017d32f95a165639de659b21cd1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4102740637684170","idStr":"4102740637684170"},"themes":[],"title":"Waiting for FOMC and Triple Witching","htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> This week, the price has held within the $395–435$ range.As mentioned yesterday, institutions rolled positions again: selling the $432.5$ and $435$ calls (<a href=\"https://ttm.financial/OPT/TSLA 20250919 435.0 CALL\">$TSLA 20250919 435.0 CALL$&nbsp;</a>), buying the $452.5$ and $455$ calls (<a href=\"https://ttm.financial/OPT/TSLA 20250919 455.0 CALL\">$TSLA 20250919 455.0 CALL$&nbsp;</a>). The odds of another short squeeze this week are low, so selling options expiring this week could be considered.There are also large put spreads to provide a floor: $410$ (<a href=\"https://ttm.financial/OPT/TSLA 20250919 410.0 PUT\">$TSLA 20250919 410.0 PUT$&nbsp;</a>) and $395$ (<a href=\"https://ttm.financial/OPT/TSLA 20250919 395.0 PUT\">$TSLA </a>","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> This week, the price has held within the $395–435$ range.As mentioned yesterday, institutions rolled positions again: selling the $432.5$ and $435$ calls (<a href=\"https://ttm.financial/OPT/TSLA 20250919 435.0 CALL\">$TSLA 20250919 435.0 CALL$&nbsp;</a>), buying the $452.5$ and $455$ calls (<a href=\"https://ttm.financial/OPT/TSLA 20250919 455.0 CALL\">$TSLA 20250919 455.0 CALL$&nbsp;</a>). The odds of another short squeeze this week are low, so selling options expiring this week could be considered.There are also large put spreads to provide a floor: $410$ (<a href=\"https://ttm.financial/OPT/TSLA 20250919 410.0 PUT\">$TSLA 20250919 410.0 PUT$&nbsp;</a>) and $395$ (<a href=\"https://ttm.financial/OPT/TSLA 20250919 395.0 PUT\">$TSLA </a>","text":"$Tesla Motors(TSLA)$ This week, the price has held within the $395–435$ range.As mentioned yesterday, institutions rolled positions again: selling the $432.5$ and $435$ calls ($TSLA 20250919 435.0 CALL$ ), buying the $452.5$ and $455$ calls ($TSLA 20250919 455.0 CALL$ ). The odds of another short squeeze this week are low, so selling options expiring this week could be considered.There are also large put spreads to provide a floor: $410$ ($TSLA 20250919 410.0 PUT$ ) and $395$ ($TSLA","images":[{"img":"https://static.tigerbbs.com/a3752f504a5902e2c114f064e5482296","width":"1042","height":"1058"},{"img":"https://static.tigerbbs.com/3dd535c326d090bf41b420ba84c56946","width":"1040","height":"1024"},{"img":"https://static.tigerbbs.com/6acbbe9af66f3a6b1261e09be9385561","width":"2486","height":"150"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/479297215348832","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1019,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":475985904652464,"gmtCreate":1757234937556,"gmtModify":1757234941627,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/475985904652464","repostId":"2565807548","repostType":2,"isVote":1,"tweetType":1,"viewCount":1252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":472738039919360,"gmtCreate":1756450254974,"gmtModify":1756450258779,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/472738039919360","repostId":"2563018500","repostType":2,"repost":{"id":"2563018500","kind":"highlight","weMediaInfo":{"introduction":"Your One-Stop Financial Markets Platform","home_visible":1,"media_name":"TradingKey","id":"1041236214","head_image":"https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb"},"pubTimestamp":1756440345,"share":"https://ttm.financial/m/news/2563018500?lang=en_US&edition=fundamental","pubTime":"2025-08-29 12:05","market":"sh","language":"en","title":"Alibaba’s Friday Earnings to Crown China Tech’s Q2 Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=2563018500","media":"TradingKey","summary":"TradingKey - Names like JD.com, Pinduoduo, Tencent, and Alibaba represent the top-tier of Chinese tech stocks trading in the U.S. But their FY2025 Q2 earnings paint very different pictures.","content":"<html><body><p dir=\"ltr\"><span>TradingKey - Names like </span><span><a href=\"https://laohu8.com/S/JD\">JD</a>.com</span><span>, </span><span><a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a></span><span>, Tencent, and </span><span>Alibaba </span><span>represent the top-tier of Chinese tech stocks trading in the U.S. But their FY2025 Q2 earnings paint very different pictures.</span></p><p dir=\"ltr\"><span>Tencent delivered the most stable performance this quarter. Revenue from advertising and gaming continued to grow at a healthy pace with high profitability. Total Q2 revenue reached RMB 184.5 billion, up 15% year-over-year. Net income and EPS both climbed 20% year-over-year.</span></p><p dir=\"ltr\"><span>JD.com pulled in RMB 356.7 billion in revenue, up 22.4% YoY, but profits took a hit. The company’s aggressive investment in its food delivery business weighed heavily on bottom-line numbers. Net income dropped nearly 48% YoY, and EPS took a significant dive. While the food delivery push did help drive user activity and top line growth, it also applied serious short-term pressure on profit margins.</span></p><p dir=\"ltr\"><span>Pinduoduo (PDD) reported Q2 revenue of RMB 103.99 billion, a 7.1% increase YoY, but EPS fell 5%. On the earnings call, management reiterated that future growth could be unpredictable. That has investors watching closely, wondering how PDD will sustain meaningful progress in such a competitive environment.</span></p><p><img height=\"419\" src=\"https://resource.tradingkey.com/uploads/20250829/0d60aa03fb2247c4913b74cafb8955c60829_Alibaba_Earnings_optimized_150.png\" width=\"800\"/></p><p dir=\"ltr\"><span>Alibaba will report earnings on August 29. According to Bloomberg’s consensus estimates, Alibaba’s FY2026 Q1 revenue is expected to hit RMB 253.4 billion, a 4.2% YoY increase. Adjusted EPS, however, is forecast to dip 3.8% YoY to RMB 15.8, while profit margin is expected to slide to 15%.</span></p><p dir=\"ltr\"><span>The drop in profitability is widely attributed to Alibaba’s heavy spending on its “Flash Sale” business. Since announcing its RMB 50 billion subsidy initiative on July 2, daily orders from Taobao Flash Sale events have skyrocketed from 10 million to 80 million. But while the growth is impressive, this aggressive expansion strategy has come at the expense of sharply deteriorating margins in the Local Services division.</span></p><p dir=\"ltr\"><span>On the flip side, Alibaba Cloud is showing strong momentum. Analysts generally expect Q1 revenue from Alibaba’s Cloud Intelligence Group to hit RMB 32.5 billion, up 22% YoY. AI-related product revenue has now posted triple-digit growth for seven quarters in a row—and that’s turning this division into a key potential profit center for the group.</span></p><p dir=\"ltr\"><span>The recent earnings cycle suggests China's largest ADRs are still facing serious headwinds.</span></p><h2 dir=\"ltr\"><span>AI is no longer a 'future story,' but real returns are still a work in progress</span></h2><p dir=\"ltr\"><span>Advertising continues to be the biggest engine powering Tencent’s growth—it has now posted double-digit revenue increases for 11 straight quarters. AI-powered upgrades to Tencent’s ad tech and improved commerce capabilities within the WeChat ecosystem are fueling demand across video feeds, Mini Programs, and in-app search. That said, the company’s rising spending on AI infrastructure is starting to challenge near-term profitability. In Q2 2025 alone, Tencent racked up RMB 19.1 billion in capital expenditures, a 119% jump YoY.</span></p><p dir=\"ltr\"><span>On the company’s earnings call, management addressed those concerns about rising costs, pointing out that Tencent needs to “spend smart,” not just throw money at the latest AI trend—whether that means chip buys, hiring waves, or marketing spend.</span></p><p dir=\"ltr\"><span>For Alibaba Cloud, the growth narrative has come back to life. Over the past year, its revenue growth rate accelerated from just 3% to 18%. For FY2025, the segment generated RMB 118 billion in revenue, up 11% YoY. Investors credit the turnaround in large part to booming interest and enterprise investment in AI.</span></p><p dir=\"ltr\"><span>Looking ahead, Alibaba plans to put more than RMB 380 billion over the next three years into building up its cloud and AI infrastructure. According to CEO Eddie Wu, the capital deployment will be balanced across periods, with FY2025 alone expected to see over RMB 120 billion in spending. The company is targeting three key focus areas: core infrastructure for cloud and AI, large foundational models, and AI-native applications—including embedded upgrades across core business units.</span></p><p dir=\"ltr\"><span>Both Tencent and Alibaba are making it clear: AI investment isn’t slowing anytime soon. And, based on recent earnings trends, AI is already showing up as a tangible revenue driver. Still, in terms of translating those gains into lasting profits, we’re still early in the marathon.</span></p><h2 dir=\"ltr\"><span>A slowing macro backdrop is dragging on consumer demand</span></h2><p dir=\"ltr\"><span>The good news: with state-backed stimulus still supporting consumption, core marketplace results remain fairly solid. JD’s core retail business generated revenue of RMB 310.1 billion, up 20.6% YoY. Alibaba’s core commerce unit is also expected to maintain low single-digit sales growth.</span></p><p dir=\"ltr\"><span>How long that growth momentum can last, though, depends on the strength and duration of national subsidy policies. With a new round of subsidies issued in early August—and the government openly prioritizing consumption—analysts expect the support to hold up, at least in the short term.</span></p><p dir=\"ltr\"><span>But beyond subsidies, the broader reality is that China’s economy is still in a transitional phase. Consumer spending may have some resiliency, but confidence is still fragile. Structural pressure persists, and there's little sign of significant recovery in willingness to spend.</span></p><p dir=\"ltr\"><span>At the end of July, China’s M2–M1 gap sat at 3.2 percentage points, 0.5 percentage points narrower than the previous month but still solidly positive. In other words, a lot of money is stuck in long-term deposits, not circulating through the economy. For H1 2025, M2 money supply grew an estimated 10% YoY.</span></p><p><img height=\"410\" src=\"https://resource.tradingkey.com/uploads/20250829/81070dd36f9547cb85efc639539b09882025-08-29_114945_472_optimized_150.png\" width=\"800\"/></p><p dir=\"ltr\"><span>According to reporting from Reuters, new RMB loan issuance in July contracted by RMB 50 billion (approximately USD 6.97 billion). That figure missed forecasts by a wide margin and marked the first July contraction since 2005—and the largest month-over-month drop since 1999.</span></p><p dir=\"ltr\"><span>This suggests underlying private sector demand remains weak. Companies aren’t feeling pressure to expand or hire, and wage growth has slowed. With households facing an uncertain income outlook, sentiment around broader economic conditions has turned cautious. That makes it hard to materially boost either consumer credit or spending. Soft credit data is yet another sign that demand-side momentum remains flat and economic energy hasn’t broken out.</span></p><h2 dir=\"ltr\"><span>Fierce competition is putting the squeeze on profits</span></h2><p dir=\"ltr\"><span>E-commerce in China has entered a new phase—fighting for share in a low-growth environment. And the new battle is being played across both legacy and emerging fronts. Platforms are shifting away from pure price wars to more refined strategies—focus on ecosystem, operational efficiency, and differentiated value creation. Taobao and Tmall remain in the lead, largely due to their entrenched position and AI capabilities. Pinduoduo, meanwhile, is still growing fast by playing to its strength in lower-tier cities and continuing its aggressive subsidy model.</span></p><p dir=\"ltr\"><span>But a major wave of competition is now taking shape around instant retail and on-demand delivery. That means even more money is being funneled into new subsidy programs—now not just for traditional e-commerce but for local services too. The risk here? Food delivery is not a quick-win business. It takes long-term capital and logistical execution to move the needle. If national subsidies fade, many players may find themselves overextended. For JD.com, for example—where high-margin categories like electronics anchor profitability—covering persistent losses in delivery subsidies could quickly become a concern.</span></p><p dir=\"ltr\"><span>That said, food delivery does more than bolster gross merchandise value—it drives platform engagement. High-frequency use cases like takeout can meaningfully boost daily activity, extend user time on app, and create a flywheel effect for lower-frequency verticals like discretionary goods and CPG. Categories such as daily essentials and supermarkets already show strong upward momentum. Still, from a more cautious point of view, adding more users means little unless retention and repeat purchase patterns hold up over time.</span></p><p dir=\"ltr\"><span>Worth noting: earlier this year, Tencent's WeChat (WXG division) quietly set up an internal E-commerce Product Group tasked with consolidating its shopping-related projects into Mini Programs. It’s a clear signal that Tencent is gearing up to enter the intensifying e-commerce battle.</span></p><p>Find out more</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba’s Friday Earnings to Crown China Tech’s Q2 Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba’s Friday Earnings to Crown China Tech’s Q2 Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1041236214\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">TradingKey </p>\n<p class=\"h-time\">2025-08-29 12:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p dir=\"ltr\"><span>TradingKey - Names like </span><span><a href=\"https://laohu8.com/S/JD\">JD</a>.com</span><span>, </span><span><a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a></span><span>, Tencent, and </span><span>Alibaba </span><span>represent the top-tier of Chinese tech stocks trading in the U.S. But their FY2025 Q2 earnings paint very different pictures.</span></p><p dir=\"ltr\"><span>Tencent delivered the most stable performance this quarter. Revenue from advertising and gaming continued to grow at a healthy pace with high profitability. Total Q2 revenue reached RMB 184.5 billion, up 15% year-over-year. Net income and EPS both climbed 20% year-over-year.</span></p><p dir=\"ltr\"><span>JD.com pulled in RMB 356.7 billion in revenue, up 22.4% YoY, but profits took a hit. The company’s aggressive investment in its food delivery business weighed heavily on bottom-line numbers. Net income dropped nearly 48% YoY, and EPS took a significant dive. While the food delivery push did help drive user activity and top line growth, it also applied serious short-term pressure on profit margins.</span></p><p dir=\"ltr\"><span>Pinduoduo (PDD) reported Q2 revenue of RMB 103.99 billion, a 7.1% increase YoY, but EPS fell 5%. On the earnings call, management reiterated that future growth could be unpredictable. That has investors watching closely, wondering how PDD will sustain meaningful progress in such a competitive environment.</span></p><p><img height=\"419\" src=\"https://resource.tradingkey.com/uploads/20250829/0d60aa03fb2247c4913b74cafb8955c60829_Alibaba_Earnings_optimized_150.png\" width=\"800\"/></p><p dir=\"ltr\"><span>Alibaba will report earnings on August 29. According to Bloomberg’s consensus estimates, Alibaba’s FY2026 Q1 revenue is expected to hit RMB 253.4 billion, a 4.2% YoY increase. Adjusted EPS, however, is forecast to dip 3.8% YoY to RMB 15.8, while profit margin is expected to slide to 15%.</span></p><p dir=\"ltr\"><span>The drop in profitability is widely attributed to Alibaba’s heavy spending on its “Flash Sale” business. Since announcing its RMB 50 billion subsidy initiative on July 2, daily orders from Taobao Flash Sale events have skyrocketed from 10 million to 80 million. But while the growth is impressive, this aggressive expansion strategy has come at the expense of sharply deteriorating margins in the Local Services division.</span></p><p dir=\"ltr\"><span>On the flip side, Alibaba Cloud is showing strong momentum. Analysts generally expect Q1 revenue from Alibaba’s Cloud Intelligence Group to hit RMB 32.5 billion, up 22% YoY. AI-related product revenue has now posted triple-digit growth for seven quarters in a row—and that’s turning this division into a key potential profit center for the group.</span></p><p dir=\"ltr\"><span>The recent earnings cycle suggests China's largest ADRs are still facing serious headwinds.</span></p><h2 dir=\"ltr\"><span>AI is no longer a 'future story,' but real returns are still a work in progress</span></h2><p dir=\"ltr\"><span>Advertising continues to be the biggest engine powering Tencent’s growth—it has now posted double-digit revenue increases for 11 straight quarters. AI-powered upgrades to Tencent’s ad tech and improved commerce capabilities within the WeChat ecosystem are fueling demand across video feeds, Mini Programs, and in-app search. That said, the company’s rising spending on AI infrastructure is starting to challenge near-term profitability. In Q2 2025 alone, Tencent racked up RMB 19.1 billion in capital expenditures, a 119% jump YoY.</span></p><p dir=\"ltr\"><span>On the company’s earnings call, management addressed those concerns about rising costs, pointing out that Tencent needs to “spend smart,” not just throw money at the latest AI trend—whether that means chip buys, hiring waves, or marketing spend.</span></p><p dir=\"ltr\"><span>For Alibaba Cloud, the growth narrative has come back to life. Over the past year, its revenue growth rate accelerated from just 3% to 18%. For FY2025, the segment generated RMB 118 billion in revenue, up 11% YoY. Investors credit the turnaround in large part to booming interest and enterprise investment in AI.</span></p><p dir=\"ltr\"><span>Looking ahead, Alibaba plans to put more than RMB 380 billion over the next three years into building up its cloud and AI infrastructure. According to CEO Eddie Wu, the capital deployment will be balanced across periods, with FY2025 alone expected to see over RMB 120 billion in spending. The company is targeting three key focus areas: core infrastructure for cloud and AI, large foundational models, and AI-native applications—including embedded upgrades across core business units.</span></p><p dir=\"ltr\"><span>Both Tencent and Alibaba are making it clear: AI investment isn’t slowing anytime soon. And, based on recent earnings trends, AI is already showing up as a tangible revenue driver. Still, in terms of translating those gains into lasting profits, we’re still early in the marathon.</span></p><h2 dir=\"ltr\"><span>A slowing macro backdrop is dragging on consumer demand</span></h2><p dir=\"ltr\"><span>The good news: with state-backed stimulus still supporting consumption, core marketplace results remain fairly solid. JD’s core retail business generated revenue of RMB 310.1 billion, up 20.6% YoY. Alibaba’s core commerce unit is also expected to maintain low single-digit sales growth.</span></p><p dir=\"ltr\"><span>How long that growth momentum can last, though, depends on the strength and duration of national subsidy policies. With a new round of subsidies issued in early August—and the government openly prioritizing consumption—analysts expect the support to hold up, at least in the short term.</span></p><p dir=\"ltr\"><span>But beyond subsidies, the broader reality is that China’s economy is still in a transitional phase. Consumer spending may have some resiliency, but confidence is still fragile. Structural pressure persists, and there's little sign of significant recovery in willingness to spend.</span></p><p dir=\"ltr\"><span>At the end of July, China’s M2–M1 gap sat at 3.2 percentage points, 0.5 percentage points narrower than the previous month but still solidly positive. In other words, a lot of money is stuck in long-term deposits, not circulating through the economy. For H1 2025, M2 money supply grew an estimated 10% YoY.</span></p><p><img height=\"410\" src=\"https://resource.tradingkey.com/uploads/20250829/81070dd36f9547cb85efc639539b09882025-08-29_114945_472_optimized_150.png\" width=\"800\"/></p><p dir=\"ltr\"><span>According to reporting from Reuters, new RMB loan issuance in July contracted by RMB 50 billion (approximately USD 6.97 billion). That figure missed forecasts by a wide margin and marked the first July contraction since 2005—and the largest month-over-month drop since 1999.</span></p><p dir=\"ltr\"><span>This suggests underlying private sector demand remains weak. Companies aren’t feeling pressure to expand or hire, and wage growth has slowed. With households facing an uncertain income outlook, sentiment around broader economic conditions has turned cautious. That makes it hard to materially boost either consumer credit or spending. Soft credit data is yet another sign that demand-side momentum remains flat and economic energy hasn’t broken out.</span></p><h2 dir=\"ltr\"><span>Fierce competition is putting the squeeze on profits</span></h2><p dir=\"ltr\"><span>E-commerce in China has entered a new phase—fighting for share in a low-growth environment. And the new battle is being played across both legacy and emerging fronts. Platforms are shifting away from pure price wars to more refined strategies—focus on ecosystem, operational efficiency, and differentiated value creation. Taobao and Tmall remain in the lead, largely due to their entrenched position and AI capabilities. Pinduoduo, meanwhile, is still growing fast by playing to its strength in lower-tier cities and continuing its aggressive subsidy model.</span></p><p dir=\"ltr\"><span>But a major wave of competition is now taking shape around instant retail and on-demand delivery. That means even more money is being funneled into new subsidy programs—now not just for traditional e-commerce but for local services too. The risk here? Food delivery is not a quick-win business. It takes long-term capital and logistical execution to move the needle. If national subsidies fade, many players may find themselves overextended. For JD.com, for example—where high-margin categories like electronics anchor profitability—covering persistent losses in delivery subsidies could quickly become a concern.</span></p><p dir=\"ltr\"><span>That said, food delivery does more than bolster gross merchandise value—it drives platform engagement. High-frequency use cases like takeout can meaningfully boost daily activity, extend user time on app, and create a flywheel effect for lower-frequency verticals like discretionary goods and CPG. Categories such as daily essentials and supermarkets already show strong upward momentum. Still, from a more cautious point of view, adding more users means little unless retention and repeat purchase patterns hold up over time.</span></p><p dir=\"ltr\"><span>Worth noting: earlier this year, Tencent's WeChat (WXG division) quietly set up an internal E-commerce Product Group tasked with consolidating its shopping-related projects into Mini Programs. It’s a clear signal that Tencent is gearing up to enter the intensifying e-commerce battle.</span></p><p>Find out more</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://resource.tradingkey.com/uploads/20250829/437dfe0d85f24f2eb8f4c56dfcbc49ef0829_Alibaba_Earnings_optimized_150.png","relate_stocks":{"BABA":"阿里巴巴","CCK":"皇冠控股","09988":"阿里巴巴-W"},"source_url":"https://www.tradingkey.com/analysis/stocks/us-stocks/251053310-chinese-stocks-earnings-tradingkey","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2563018500","content_text":"TradingKey - Names like JD.com, Pinduoduo, Tencent, and Alibaba represent the top-tier of Chinese tech stocks trading in the U.S. But their FY2025 Q2 earnings paint very different pictures.Tencent delivered the most stable performance this quarter. Revenue from advertising and gaming continued to grow at a healthy pace with high profitability. Total Q2 revenue reached RMB 184.5 billion, up 15% year-over-year. Net income and EPS both climbed 20% year-over-year.JD.com pulled in RMB 356.7 billion in revenue, up 22.4% YoY, but profits took a hit. The company’s aggressive investment in its food delivery business weighed heavily on bottom-line numbers. Net income dropped nearly 48% YoY, and EPS took a significant dive. While the food delivery push did help drive user activity and top line growth, it also applied serious short-term pressure on profit margins.Pinduoduo (PDD) reported Q2 revenue of RMB 103.99 billion, a 7.1% increase YoY, but EPS fell 5%. On the earnings call, management reiterated that future growth could be unpredictable. That has investors watching closely, wondering how PDD will sustain meaningful progress in such a competitive environment.Alibaba will report earnings on August 29. According to Bloomberg’s consensus estimates, Alibaba’s FY2026 Q1 revenue is expected to hit RMB 253.4 billion, a 4.2% YoY increase. Adjusted EPS, however, is forecast to dip 3.8% YoY to RMB 15.8, while profit margin is expected to slide to 15%.The drop in profitability is widely attributed to Alibaba’s heavy spending on its “Flash Sale” business. Since announcing its RMB 50 billion subsidy initiative on July 2, daily orders from Taobao Flash Sale events have skyrocketed from 10 million to 80 million. But while the growth is impressive, this aggressive expansion strategy has come at the expense of sharply deteriorating margins in the Local Services division.On the flip side, Alibaba Cloud is showing strong momentum. Analysts generally expect Q1 revenue from Alibaba’s Cloud Intelligence Group to hit RMB 32.5 billion, up 22% YoY. AI-related product revenue has now posted triple-digit growth for seven quarters in a row—and that’s turning this division into a key potential profit center for the group.The recent earnings cycle suggests China's largest ADRs are still facing serious headwinds.AI is no longer a 'future story,' but real returns are still a work in progressAdvertising continues to be the biggest engine powering Tencent’s growth—it has now posted double-digit revenue increases for 11 straight quarters. AI-powered upgrades to Tencent’s ad tech and improved commerce capabilities within the WeChat ecosystem are fueling demand across video feeds, Mini Programs, and in-app search. That said, the company’s rising spending on AI infrastructure is starting to challenge near-term profitability. In Q2 2025 alone, Tencent racked up RMB 19.1 billion in capital expenditures, a 119% jump YoY.On the company’s earnings call, management addressed those concerns about rising costs, pointing out that Tencent needs to “spend smart,” not just throw money at the latest AI trend—whether that means chip buys, hiring waves, or marketing spend.For Alibaba Cloud, the growth narrative has come back to life. Over the past year, its revenue growth rate accelerated from just 3% to 18%. For FY2025, the segment generated RMB 118 billion in revenue, up 11% YoY. Investors credit the turnaround in large part to booming interest and enterprise investment in AI.Looking ahead, Alibaba plans to put more than RMB 380 billion over the next three years into building up its cloud and AI infrastructure. According to CEO Eddie Wu, the capital deployment will be balanced across periods, with FY2025 alone expected to see over RMB 120 billion in spending. The company is targeting three key focus areas: core infrastructure for cloud and AI, large foundational models, and AI-native applications—including embedded upgrades across core business units.Both Tencent and Alibaba are making it clear: AI investment isn’t slowing anytime soon. And, based on recent earnings trends, AI is already showing up as a tangible revenue driver. Still, in terms of translating those gains into lasting profits, we’re still early in the marathon.A slowing macro backdrop is dragging on consumer demandThe good news: with state-backed stimulus still supporting consumption, core marketplace results remain fairly solid. JD’s core retail business generated revenue of RMB 310.1 billion, up 20.6% YoY. Alibaba’s core commerce unit is also expected to maintain low single-digit sales growth.How long that growth momentum can last, though, depends on the strength and duration of national subsidy policies. With a new round of subsidies issued in early August—and the government openly prioritizing consumption—analysts expect the support to hold up, at least in the short term.But beyond subsidies, the broader reality is that China’s economy is still in a transitional phase. Consumer spending may have some resiliency, but confidence is still fragile. Structural pressure persists, and there's little sign of significant recovery in willingness to spend.At the end of July, China’s M2–M1 gap sat at 3.2 percentage points, 0.5 percentage points narrower than the previous month but still solidly positive. In other words, a lot of money is stuck in long-term deposits, not circulating through the economy. For H1 2025, M2 money supply grew an estimated 10% YoY.According to reporting from Reuters, new RMB loan issuance in July contracted by RMB 50 billion (approximately USD 6.97 billion). That figure missed forecasts by a wide margin and marked the first July contraction since 2005—and the largest month-over-month drop since 1999.This suggests underlying private sector demand remains weak. Companies aren’t feeling pressure to expand or hire, and wage growth has slowed. With households facing an uncertain income outlook, sentiment around broader economic conditions has turned cautious. That makes it hard to materially boost either consumer credit or spending. Soft credit data is yet another sign that demand-side momentum remains flat and economic energy hasn’t broken out.Fierce competition is putting the squeeze on profitsE-commerce in China has entered a new phase—fighting for share in a low-growth environment. And the new battle is being played across both legacy and emerging fronts. Platforms are shifting away from pure price wars to more refined strategies—focus on ecosystem, operational efficiency, and differentiated value creation. Taobao and Tmall remain in the lead, largely due to their entrenched position and AI capabilities. Pinduoduo, meanwhile, is still growing fast by playing to its strength in lower-tier cities and continuing its aggressive subsidy model.But a major wave of competition is now taking shape around instant retail and on-demand delivery. That means even more money is being funneled into new subsidy programs—now not just for traditional e-commerce but for local services too. The risk here? Food delivery is not a quick-win business. It takes long-term capital and logistical execution to move the needle. If national subsidies fade, many players may find themselves overextended. For JD.com, for example—where high-margin categories like electronics anchor profitability—covering persistent losses in delivery subsidies could quickly become a concern.That said, food delivery does more than bolster gross merchandise value—it drives platform engagement. High-frequency use cases like takeout can meaningfully boost daily activity, extend user time on app, and create a flywheel effect for lower-frequency verticals like discretionary goods and CPG. Categories such as daily essentials and supermarkets already show strong upward momentum. Still, from a more cautious point of view, adding more users means little unless retention and repeat purchase patterns hold up over time.Worth noting: earlier this year, Tencent's WeChat (WXG division) quietly set up an internal E-commerce Product Group tasked with consolidating its shopping-related projects into Mini Programs. It’s a clear signal that Tencent is gearing up to enter the intensifying e-commerce battle.Find out more","news_type":1,"symbols_score_info":{"09988":1,"BABA":1,"CCK":1}},"isVote":1,"tweetType":1,"viewCount":1449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":471782556979536,"gmtCreate":1756212947110,"gmtModify":1756212949411,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/471782556979536","repostId":"1151603880","repostType":2,"repost":{"id":"1151603880","kind":"news","pubTimestamp":1756188000,"share":"https://ttm.financial/m/news/1151603880?lang=en_US&edition=fundamental","pubTime":"2025-08-26 14:00","market":"us","language":"en","title":"Alibaba's Risky $53B AI Bet Faces Make-or-Break Moment","url":"https://stock-news.laohu8.com/highlight/detail?id=1151603880","media":"Rolling Out","summary":"Chinese e-commerce powerhouse Alibaba finds itself at a crucial crossroads as investors prepare for what could be a defining moment in the company’s ambitious pivot toward artificial intelligence and...","content":"<html><head></head><body><p>Chinese e-commerce powerhouse Alibaba finds itself at a crucial crossroads as investors prepare for what could be a defining moment in the company’s ambitious pivot toward artificial intelligence and cloud computing dominance.</p><p style=\"text-align: start;\">The tech giant will unveil its fiscal first-quarter 2026 results on August 29, with Wall Street analysts expecting earnings of $2.13 per share and revenue projections reaching $35.28 billion. But beyond these numbers lies a much larger story about whether Alibaba’s massive financial commitment to AI technology will pay off for shareholders.</p><p>The stakes couldn’t be higher for a company that has seen its stock price tumble more than 20% from March peaks, leaving many investors wondering if this earnings report will provide the catalyst needed to reignite momentum in the struggling shares.</p><h3 id=\"id_749839902\" style=\"text-align: start;\">The $53 billion question hanging over earnings</h3><p style=\"text-align: start;\">At the heart of Alibaba’s transformation strategy sits an eye-watering $53 billion commitment over the next three years, all dedicated to building AI and cloud infrastructure that company executives believe will establish them as China’s leading technology provider.</p><p style=\"text-align: start;\">This massive investment represents one of the largest corporate AI bets in history, dwarfing commitments from many Western competitors. The money will fund data centers, advanced computing capabilities, and research initiatives designed to position Alibaba as the go-to platform for businesses seeking AI solutions across Asia.</p><p style=\"text-align: start;\">Early signs suggest this strategy might be working. Alibaba’s Cloud Intelligence Group reported impressive 18% growth in the most recent quarter, while AI-related products expanded at triple-digit rates. These acceleration patterns indicate genuine market demand for the company’s expanding technology offerings.</p><p style=\"text-align: start;\">The integration between Alibaba’s traditional e-commerce operations and its growing cloud business creates potential synergies that could drive higher profit margins across multiple divisions. Success in this area would validate management’s decision to pursue scalable, technology-focused revenue streams rather than relying solely on traditional retail operations.</p><h3 id=\"id_2054847931\" style=\"text-align: start;\">International operations show promise after years of losses</h3><p style=\"text-align: start;\">Another bright spot emerging ahead of earnings involves Alibaba’s international e-commerce division, known as AIDC, which appears poised to achieve profitability after struggling with losses for several years.</p><p style=\"text-align: start;\">Company management has indicated that quarterly profits from this division could arrive soon, potentially relieving pressure on overall group earnings while demonstrating that Alibaba’s global expansion strategy is finally gaining traction with consumers outside China.</p><p style=\"text-align: start;\">This development would be particularly significant given the competitive challenges facing Chinese companies in international markets. Success abroad would prove that Alibaba can compete effectively against established players like Amazon while building sustainable business models in diverse geographic regions.</p><h3 id=\"id_3300468004\" style=\"text-align: start;\">Economic tailwinds could boost domestic performance</h3><p style=\"text-align: start;\">The timing of Alibaba’s earnings report coincides with supportive economic policies from the Chinese government, including subsidized consumer loan programs designed to stimulate domestic spending across multiple sectors.</p><p style=\"text-align: start;\">These stimulus measures could provide a meaningful boost to Alibaba’s core e-commerce operations, as increased consumer purchasing power typically translates directly into higher transaction volumes on the company’s platforms.</p><p style=\"text-align: start;\">The combination of government support and Alibaba’s technological investments creates a potentially powerful growth scenario, especially if Chinese consumers respond positively to expanded product offerings and improved shopping experiences powered by AI capabilities.</p><h3 id=\"id_1977492885\" style=\"text-align: start;\">Valuation metrics suggest significant upside potential</h3><p style=\"text-align: start;\">Despite recent stock price weakness, financial analysts point to compelling valuation metrics that could attract investors if earnings results exceed expectations.</p><p style=\"text-align: start;\">Alibaba currently trades at approximately 11.3 times forward 2027 earnings, with a PEG ratio of 0.55 that appears notably discounted compared to Western technology peers including Amazon and eBay.</p><p style=\"text-align: start;\">Some analysts suggest the company trades at a 50-70% discount relative to comparable American companies, creating substantial upside potential if market sentiment shifts positively following strong earnings results.</p><p style=\"text-align: start;\">The average analyst price target of $151.33 represents a 23% upside from current trading levels, indicating professional investors remain optimistic about the company’s long-term prospects despite recent challenges.</p><h3 id=\"id_3085003788\" style=\"text-align: start;\">Regulatory risks remain a concern for investors</h3><p style=\"text-align: start;\">However, significant obstacles continue to cloud Alibaba’s outlook, particularly regarding regulatory uncertainty within China and ongoing tensions between the United States and China that have prompted some institutional investors to reduce exposure to Chinese equities.</p><p style=\"text-align: start;\">These geopolitical factors create unpredictable variables that could impact the company’s operations and stock performance regardless of fundamental business improvements.</p><p style=\"text-align: start;\">The regulatory environment for Chinese technology companies remains fluid, with government oversight potentially affecting everything from data usage policies to international expansion strategies.</p><p style=\"text-align: start;\">Despite these challenges, Alibaba’s strong balance sheet and focused AI strategy position the company for what many observers believe could be a pivotal earnings announcement that shapes investor perception for quarters to come.</p></body></html>","source":"lsy1756177767040","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba's Risky $53B AI Bet Faces Make-or-Break Moment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba's Risky $53B AI Bet Faces Make-or-Break Moment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-08-26 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://rollingout.com/2025/08/25/alibabas-risky-53b-ai-bet-faces-make-or/><strong>Rolling Out</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese e-commerce powerhouse Alibaba finds itself at a crucial crossroads as investors prepare for what could be a defining moment in the company’s ambitious pivot toward artificial intelligence and ...</p>\n\n<a href=\"https://rollingout.com/2025/08/25/alibabas-risky-53b-ai-bet-faces-make-or/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://rollingout.com/2025/08/25/alibabas-risky-53b-ai-bet-faces-make-or/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151603880","content_text":"Chinese e-commerce powerhouse Alibaba finds itself at a crucial crossroads as investors prepare for what could be a defining moment in the company’s ambitious pivot toward artificial intelligence and cloud computing dominance.The tech giant will unveil its fiscal first-quarter 2026 results on August 29, with Wall Street analysts expecting earnings of $2.13 per share and revenue projections reaching $35.28 billion. But beyond these numbers lies a much larger story about whether Alibaba’s massive financial commitment to AI technology will pay off for shareholders.The stakes couldn’t be higher for a company that has seen its stock price tumble more than 20% from March peaks, leaving many investors wondering if this earnings report will provide the catalyst needed to reignite momentum in the struggling shares.The $53 billion question hanging over earningsAt the heart of Alibaba’s transformation strategy sits an eye-watering $53 billion commitment over the next three years, all dedicated to building AI and cloud infrastructure that company executives believe will establish them as China’s leading technology provider.This massive investment represents one of the largest corporate AI bets in history, dwarfing commitments from many Western competitors. The money will fund data centers, advanced computing capabilities, and research initiatives designed to position Alibaba as the go-to platform for businesses seeking AI solutions across Asia.Early signs suggest this strategy might be working. Alibaba’s Cloud Intelligence Group reported impressive 18% growth in the most recent quarter, while AI-related products expanded at triple-digit rates. These acceleration patterns indicate genuine market demand for the company’s expanding technology offerings.The integration between Alibaba’s traditional e-commerce operations and its growing cloud business creates potential synergies that could drive higher profit margins across multiple divisions. Success in this area would validate management’s decision to pursue scalable, technology-focused revenue streams rather than relying solely on traditional retail operations.International operations show promise after years of lossesAnother bright spot emerging ahead of earnings involves Alibaba’s international e-commerce division, known as AIDC, which appears poised to achieve profitability after struggling with losses for several years.Company management has indicated that quarterly profits from this division could arrive soon, potentially relieving pressure on overall group earnings while demonstrating that Alibaba’s global expansion strategy is finally gaining traction with consumers outside China.This development would be particularly significant given the competitive challenges facing Chinese companies in international markets. Success abroad would prove that Alibaba can compete effectively against established players like Amazon while building sustainable business models in diverse geographic regions.Economic tailwinds could boost domestic performanceThe timing of Alibaba’s earnings report coincides with supportive economic policies from the Chinese government, including subsidized consumer loan programs designed to stimulate domestic spending across multiple sectors.These stimulus measures could provide a meaningful boost to Alibaba’s core e-commerce operations, as increased consumer purchasing power typically translates directly into higher transaction volumes on the company’s platforms.The combination of government support and Alibaba’s technological investments creates a potentially powerful growth scenario, especially if Chinese consumers respond positively to expanded product offerings and improved shopping experiences powered by AI capabilities.Valuation metrics suggest significant upside potentialDespite recent stock price weakness, financial analysts point to compelling valuation metrics that could attract investors if earnings results exceed expectations.Alibaba currently trades at approximately 11.3 times forward 2027 earnings, with a PEG ratio of 0.55 that appears notably discounted compared to Western technology peers including Amazon and eBay.Some analysts suggest the company trades at a 50-70% discount relative to comparable American companies, creating substantial upside potential if market sentiment shifts positively following strong earnings results.The average analyst price target of $151.33 represents a 23% upside from current trading levels, indicating professional investors remain optimistic about the company’s long-term prospects despite recent challenges.Regulatory risks remain a concern for investorsHowever, significant obstacles continue to cloud Alibaba’s outlook, particularly regarding regulatory uncertainty within China and ongoing tensions between the United States and China that have prompted some institutional investors to reduce exposure to Chinese equities.These geopolitical factors create unpredictable variables that could impact the company’s operations and stock performance regardless of fundamental business improvements.The regulatory environment for Chinese technology companies remains fluid, with government oversight potentially affecting everything from data usage policies to international expansion strategies.Despite these challenges, Alibaba’s strong balance sheet and focused AI strategy position the company for what many observers believe could be a pivotal earnings announcement that shapes investor perception for quarters to come.","news_type":1,"symbols_score_info":{"09988":1.1,"BABA":1.1}},"isVote":1,"tweetType":1,"viewCount":1631,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":470096011506400,"gmtCreate":1755806804635,"gmtModify":1755806808794,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/470096011506400","repostId":"470045966434520","repostType":1,"repost":{"id":470045966434520,"gmtCreate":1755794779366,"gmtModify":1755795607442,"author":{"id":"4132830251609262","authorId":"4132830251609262","name":"EclipseTR","avatar":"https://community-static.tradeup.com/news/7dd3ced06461cd8746431b9b53ef62ac","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4132830251609262","idStr":"4132830251609262"},"themes":[],"title":"Intel – 7% Plunge: Decoding the Drop and What It Means","htmlText":"What Just Happened? On Wednesday, August 20, 2025, <a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$</a> Intel stock sank 7%, leading losses across the S&amp;P 500. The slide erased gains from the prior day's SoftBank-backed rally and was fueled by rising investor concern around possible government stake-taking in exchange for chip‑funding under the CHIPS Act. What’s Behind the 7% Drop? <a href=\"https://ttm.financial/S/SOBKY\">$Softbank Corp.(SOBKY)$</a> SoftBank’s $2B Lifeline Meets Rising Uncertainty On August 19, SoftBank announced a $2 billion equity investment in Intel, acquiring roughly a 2% stake this had initially boosted the stock. But the rally reversed following reports that the U.S. government may take a 10% equity stake in Intel by converting previously granted CHIPS Act fun","listText":"What Just Happened? On Wednesday, August 20, 2025, <a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$</a> Intel stock sank 7%, leading losses across the S&amp;P 500. The slide erased gains from the prior day's SoftBank-backed rally and was fueled by rising investor concern around possible government stake-taking in exchange for chip‑funding under the CHIPS Act. What’s Behind the 7% Drop? <a href=\"https://ttm.financial/S/SOBKY\">$Softbank Corp.(SOBKY)$</a> SoftBank’s $2B Lifeline Meets Rising Uncertainty On August 19, SoftBank announced a $2 billion equity investment in Intel, acquiring roughly a 2% stake this had initially boosted the stock. But the rally reversed following reports that the U.S. government may take a 10% equity stake in Intel by converting previously granted CHIPS Act fun","text":"What Just Happened? On Wednesday, August 20, 2025, $Intel(INTC)$ Intel stock sank 7%, leading losses across the S&P 500. The slide erased gains from the prior day's SoftBank-backed rally and was fueled by rising investor concern around possible government stake-taking in exchange for chip‑funding under the CHIPS Act. What’s Behind the 7% Drop? $Softbank Corp.(SOBKY)$ SoftBank’s $2B Lifeline Meets Rising Uncertainty On August 19, SoftBank announced a $2 billion equity investment in Intel, acquiring roughly a 2% stake this had initially boosted the stock. But the rally reversed following reports that the U.S. government may take a 10% equity stake in Intel by converting previously granted CHIPS Act fun","images":[{"img":"https://community-static.tradeup.com/news/61fbbeb32f8a94ef206d75cf63b68726","width":"1200","height":"676"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/470045966434520","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":469702073741728,"gmtCreate":1755710752356,"gmtModify":1755710756388,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/469702073741728","repostId":"2560873107","repostType":2,"repost":{"id":"2560873107","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1755702060,"share":"https://ttm.financial/m/news/2560873107?lang=en_US&edition=fundamental","pubTime":"2025-08-20 23:01","market":"other","language":"en","title":"The S&P 500 is at its most expensive by this measure. These stocks have bucked the trend.","url":"https://stock-news.laohu8.com/highlight/detail?id=2560873107","media":"Dow Jones","summary":"The U.S. benchmark just hit its highest price/trailing sales ratio ever. The broad U.S. stock market is trading at a historically high level to companies' revenue. But there are plenty of companies whose stocks haven't followed suit.That warning included a long-term chart showing the ratio of the S&P 500's price to trailing sales. These are prices to rolling 12-month revenue figures, weighted by market capitalization.Tuesday's closing price/trailing sales ratio of 3.19 for the S&P 500 SPX was very high relative to the average level of 1.88 going back to the end of 1999. But that average reflected the bursting of the dot-com bubble in the early 2000s, as well as the brutal decline from late 2007 through early March 2009 during the financial crisis.We actually screened the more expensive Nasdaq-100 Index NDX for a tech-oriented screen of stocks that have resisted the high price/sales trend. But let's first dig a bit further into the S&P 500.","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW The S&amp;P 500 is at its most expensive by this measure. These stocks have bucked the trend.\n</p>\n<p>\n  By Philip van Doorn \n</p>\n<p>\n     The U.S. benchmark just hit its highest price/trailing sales ratio ever \n</p>\n<p>\n     The broad U.S. stock market is trading at a historically high level to companies' revenue. But there are plenty of companies whose stocks haven't followed suit. \n</p>\n<p>\n     In a bull market, it is not unusual to see a cycle of record highs for stock indexes. But what may be more important to investors is how expensive stocks are relative to revenue or earnings. On a price-to-sales basis, the broad U.S. stock market has trended upward and is at its most expensive. But some stocks have bucked the trend, as shown below. \n</p>\n<p>\n     A warning \n</p>\n<p>\n     If you have been worried that the stock market has become overheated, check out this post on X from Charlie Bilello on Aug. 10. \n</p>\n<p>\n     That warning included a long-term chart showing the ratio of the S&amp;P 500's price to trailing sales. These are prices to rolling 12-month revenue figures, weighted by market capitalization. \n</p>\n<p>\n     Through Tuesday's close, the large-cap U.S. benchmark's price/trailing sales ratio had climbed even higher. \n</p>\n<p>\n     Tuesday's closing price/trailing sales ratio of 3.19 for the S&amp;P 500 SPX was very high relative to the average level of 1.88 going back to the end of 1999. But that average reflected the bursting of the dot-com bubble in the early 2000s, as well as the brutal decline from late 2007 through early March 2009 during the financial crisis. \n</p>\n<p>\n     We actually screened the more expensive Nasdaq-100 Index NDX for a tech-oriented screen of stocks that have resisted the high price/sales trend. But let's first dig a bit further into the S&amp;P 500. \n</p>\n<p>\n     The most expensive sectors \n</p>\n<p>\n     If we look back only 10 years, the current valuation is well above average levels for the index and its sectors. Here is a valuation comparison for the 11 sectors of the S&amp;P 500, sorted by price/trailing sales, with the full index at the bottom: \n</p>\n<pre style=\"white-space: pre\">\n   Sector or index           Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Information Technology                     9.76                                   5.22                                  187% \n   Real Estate                                6.50                                   7.19                                   90% \n   Communication Services                     4.42                                   3.27                                  135% \n   Consumer Discretionary                     2.92                                   2.27                                  129% \n   Utilities                                  2.87                                   2.35                                  122% \n   Industrials                                2.85                                   2.06                                  138% \n   Financials                                 2.80                                   2.59                                  108% \n   Materials                                  2.25                                   1.93                                  117% \n   Consumer Staples                           1.49                                   1.34                                  111% \n   Healthcare                                 1.45                                   1.72                                   84% \n   Energy                                     1.31                                   1.27                                  103% \n   S&amp;P 500                                    3.19                                   2.39                                  133% \n                                                                                                                Source: FactSet \n</pre>\n<p>\n     The full S&amp;P 500's price/trailing sales ratio is 33% higher than its 10-year average. The most expensive sector is information technology with a price/trailing sales ratio of 9.76, which is 87% higher than its 10-year average level. \n</p>\n<p>\n     Investors need to keep in mind that the S&amp;P 500 is weighted by market capitalization. This means that three companies - <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> Corp. (NVDA), Microsoft Corp. <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> and Apple Inc. <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> - make up 21.2% of the portfolio of the SPDR S&amp;P 500 ETF Trust SPY. And they have a 26.6% weighting in the Invesco QQQ ETF QQQ, which tracks the Nasdaq-100. \n</p>\n<p>\n     You might be interested in seeing how price/trailing sales ratios stack up for the \"Magnificent Seven\" group of stocks. Here they are, sorted by how high the current valuations are to 10-year averages: \n</p>\n<pre style=\"white-space: pre\">\n   Company                 Ticker   Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc.    META                      10.21                                   7.36                                  139% \n   Apple Inc.             AAPL                       8.30                                   7.28                                  114% \n   Microsoft Corp.        MSFT                      13.18                                  11.59                                  114% \n   <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>.com Inc.        AMZN                       3.56                                   3.16                                  113% \n   Alphabet Inc. Class A  GOOGL                      6.45                                   5.97                                  108% \n   Nvidia Corp.           NVDA                      25.19                                  23.60                                  107% \n   Tesla Inc.             TSLA                      11.24                                  11.64                                   97% \n</pre>\n<p>\n     Aside from Amazon (AMZN), which trades for 3.6 times trailing sales, all of these stocks trade at multiples of the S&amp;P 500's weighted ratio of 3.2. \n</p>\n<p>\n     Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> is the only member of the Magnificent Seven trading below its 10-year average valuation on this basis. \n</p>\n<p>\n     Getting back to sector valuations, note that among the Magnificent Seven, only Nvidia, Microsoft and Apple are in the S&amp;P information-technology sector. Amazon and Tesla are in the consumer-discretionary sector, while Meta (META) and Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> <a href=\"https://laohu8.com/S/GOOG\">$(GOOG)$</a> are in the communications-services sector. \n</p>\n<p>\n     Stock screen - low valuations and high expectations for sales growth through 2027 \n</p>\n<p>\n     The stock market's long rally has been led by Big Tech. An interesting way to screen for stocks bucking the trend of high price/trailing sales valuations is to look at the Nasdaq-100 index - the one tracked by QQQ. This index is made up of the 100 largest nonfinancial companies in the full Nasdaq Composite Index COMP. It is trading at a price/trailing sales ratio of 6.98, which is 47% higher than its 10-year average valuation of 4.76. \n</p>\n<p>\n     Among the Nasdaq-100, 54 stocks are trading below their average 10-year price/trailing sales valuations. To narrow the list further, here are the 20 projected to show the highest compound annual growth rates (CAGR) for sales over the next two years: \n</p>\n<pre style=\"white-space: pre\">\n   Company                             Ticker   Two-year estimated sales CAGR through 2027  Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> Inc.                  MELI                                           24.4%                   4.67                                   8.34                                   56% \n   <a href=\"https://laohu8.com/S/CRWD\">CrowdStrike</a> Holdings Inc. Class A  CRWD                                           22.6%                  23.66                                  28.08                                   84% \n   <a href=\"https://laohu8.com/S/SHOP\">Shopify Inc</a>.                       SHOP                                           22.3%                  17.37                                  20.55                                   85% \n   <a href=\"https://laohu8.com/S/ARM\">ARM Holdings</a> PLC ADR               ARM                                            20.4%                  33.03                                  35.16                                   94% \n   <a href=\"https://laohu8.com/S/DDOG\">Datadog</a> Inc. Class A               DDOG                                           20.3%                  14.55                                  27.49                                   53% \n   Zscaler Inc.                       ZS                                             20.2%                  15.91                                  25.81                                   62% \n   Tesla Inc.                         TSLA                                           19.6%                  11.24                                  11.64                                   97% \n   Atlassian Corp Class A             TEAM                                           18.9%                   8.15                                   20.2                                   40% \n   Marvell Technology Inc.            MRVL                                           18.7%                   8.72                                  10.38                                   84% \n   <a href=\"https://laohu8.com/S/TTD\">Trade Desk Inc.</a> Class A            TTD                                            16.8%                   9.49                                  23.93                                   40% \n   DexCom Inc.                        DXCM                                           15.0%                   7.19                                  14.17                                   51% \n   Intuitive Surgical Inc.            ISRG                                           14.6%                  18.54                                  18.67                                   99% \n   PDD Holdings Inc. ADR              PDD                                            14.6%                   2.87                                   7.02                                   41% \n   CoStar Group Inc.                  CSGP                                           13.1%                  12.57                                  14.78                                   85% \n   <a href=\"https://laohu8.com/S/WDAY\">Workday</a> Inc. Class A               WDAY                                           13.1%                   6.79                                   9.67                                   70% \n</pre>\n</font><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW The S&amp;P 500 is at its most expensive by this measure. These stocks have bucked the trend.\n</p>\n<p>\n  By Philip van Doorn \n</p>\n<p>\n     The U.S. benchmark just hit its highest price/trailing sales ratio ever \n</p>\n<p>\n     The broad U.S. stock market is trading at a historically high level to companies' revenue. But there are plenty of companies whose stocks haven't followed suit. \n</p>\n<p>\n     In a bull market, it is not unusual to see a cycle of record highs for stock indexes. But what may be more important to investors is how expensive stocks are relative to revenue or earnings. On a price-to-sales basis, the broad U.S. stock market has trended upward and is at its most expensive. But some stocks have bucked the trend, as shown below. \n</p>\n<p>\n     A warning \n</p>\n<p>\n     If you have been worried that the stock market has become overheated, check out this post on X from Charlie Bilello on Aug. 10. \n</p>\n<p>\n     That warning included a long-term chart showing the ratio of the S&amp;P 500's price to trailing sales. These are prices to rolling 12-month revenue figures, weighted by market capitalization. \n</p>\n<p>\n     Through Tuesday's close, the large-cap U.S. benchmark's price/trailing sales ratio had climbed even higher. \n</p>\n<p>\n     Tuesday's closing price/trailing sales ratio of 3.19 for the S&amp;P 500 SPX was very high relative to the average level of 1.88 going back to the end of 1999. But that average reflected the bursting of the dot-com bubble in the early 2000s, as well as the brutal decline from late 2007 through early March 2009 during the financial crisis. \n</p>\n<p>\n     We actually screened the more expensive Nasdaq-100 Index NDX for a tech-oriented screen of stocks that have resisted the high price/sales trend. But let's first dig a bit further into the S&amp;P 500. \n</p>\n<p>\n     The most expensive sectors \n</p>\n<p>\n     If we look back only 10 years, the current valuation is well above average levels for the index and its sectors. Here is a valuation comparison for the 11 sectors of the S&amp;P 500, sorted by price/trailing sales, with the full index at the bottom: \n</p>\n<pre style=\"white-space: pre\">\n   Sector or index           Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Information Technology                     9.76                                   5.22                                  187% \n   Real Estate                                6.50                                   7.19                                   90% \n   Communication Services                     4.42                                   3.27                                  135% \n   Consumer Discretionary                     2.92                                   2.27                                  129% \n   Utilities                                  2.87                                   2.35                                  122% \n   Industrials                                2.85                                   2.06                                  138% \n   Financials                                 2.80                                   2.59                                  108% \n   Materials                                  2.25                                   1.93                                  117% \n   Consumer Staples                           1.49                                   1.34                                  111% \n   Healthcare                                 1.45                                   1.72                                   84% \n   Energy                                     1.31                                   1.27                                  103% \n   S&amp;P 500                                    3.19                                   2.39                                  133% \n                                                                                                                Source: FactSet \n</pre>\n<p>\n     The full S&amp;P 500's price/trailing sales ratio is 33% higher than its 10-year average. The most expensive sector is information technology with a price/trailing sales ratio of 9.76, which is 87% higher than its 10-year average level. \n</p>\n<p>\n     Investors need to keep in mind that the S&amp;P 500 is weighted by market capitalization. This means that three companies - Nvidia Corp. (NVDA), Microsoft Corp. (MSFT) and Apple Inc. (AAPL) - make up 21.2% of the portfolio of the SPDR S&amp;P 500 ETF Trust SPY. And they have a 26.6% weighting in the Invesco QQQ ETF QQQ, which tracks the Nasdaq-100. \n</p>\n<p>\n     You might be interested in seeing how price/trailing sales ratios stack up for the \"Magnificent Seven\" group of stocks. Here they are, sorted by how high the current valuations are to 10-year averages: \n</p>\n<pre style=\"white-space: pre\">\n   Company                 Ticker   Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Meta Platforms Inc.    META                      10.21                                   7.36                                  139% \n   Apple Inc.             AAPL                       8.30                                   7.28                                  114% \n   Microsoft Corp.        MSFT                      13.18                                  11.59                                  114% \n   Amazon.com Inc.        AMZN                       3.56                                   3.16                                  113% \n   Alphabet Inc. Class A  GOOGL                      6.45                                   5.97                                  108% \n   Nvidia Corp.           NVDA                      25.19                                  23.60                                  107% \n   Tesla Inc.             TSLA                      11.24                                  11.64                                   97% \n</pre>\n<p>\n     Aside from Amazon (AMZN), which trades for 3.6 times trailing sales, all of these stocks trade at multiples of the S&amp;P 500's weighted ratio of 3.2. \n</p>\n<p>\n     Tesla (TSLA) is the only member of the Magnificent Seven trading below its 10-year average valuation on this basis. \n</p>\n<p>\n     Getting back to sector valuations, note that among the Magnificent Seven, only Nvidia, Microsoft and Apple are in the S&amp;P information-technology sector. Amazon and Tesla are in the consumer-discretionary sector, while Meta (META) and Alphabet (GOOGL) (GOOG) are in the communications-services sector. \n</p>\n<p>\n     Stock screen - low valuations and high expectations for sales growth through 2027 \n</p>\n<p>\n     The stock market's long rally has been led by Big Tech. An interesting way to screen for stocks bucking the trend of high price/trailing sales valuations is to look at the Nasdaq-100 index - the one tracked by QQQ. This index is made up of the 100 largest nonfinancial companies in the full Nasdaq Composite Index COMP. It is trading at a price/trailing sales ratio of 6.98, which is 47% higher than its 10-year average valuation of 4.76. \n</p>\n<p>\n     Among the Nasdaq-100, 54 stocks are trading below their average 10-year price/trailing sales valuations. To narrow the list further, here are the 20 projected to show the highest compound annual growth rates (CAGR) for sales over the next two years: \n</p>\n<pre style=\"white-space: pre\">\n   Company                             Ticker   Two-year estimated sales CAGR through 2027  Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   MercadoLibre Inc.                  MELI                                           24.4%                   4.67                                   8.34                                   56% \n   CrowdStrike Holdings Inc. Class A  CRWD                                           22.6%                  23.66                                  28.08                                   84% \n   Shopify Inc.                       SHOP                                           22.3%                  17.37                                  20.55                                   85% \n   ARM Holdings PLC ADR               ARM                                            20.4%                  33.03                                  35.16                                   94% \n   Datadog Inc. Class A               DDOG                                           20.3%                  14.55                                  27.49                                   53% \n   Zscaler Inc.                       ZS                                             20.2%                  15.91                                  25.81                                   62% \n   Tesla Inc.                         TSLA                                           19.6%                  11.24                                  11.64                                   97% \n   Atlassian Corp Class A             TEAM                                           18.9%                   8.15                                   20.2                                   40% \n   Marvell Technology Inc.            MRVL                                           18.7%                   8.72                                  10.38                                   84% \n   Trade Desk Inc. Class A            TTD                                            16.8%                   9.49                                  23.93                                   40% \n   DexCom Inc.                        DXCM                                           15.0%                   7.19                                  14.17                                   51% \n   Intuitive Surgical Inc.            ISRG                                           14.6%                  18.54                                  18.67                                   99% \n   PDD Holdings Inc. ADR              PDD                                            14.6%                   2.87                                   7.02                                   41% \n   CoStar Group Inc.                  CSGP                                           13.1%                  12.57                                  14.78                                   85% \n   Workday Inc. Class A               WDAY                                           13.1%                   6.79                                   9.67                                   70% \n</pre>\n<p>\n  (MORE TO FOLLOW) Dow Jones Newswires\n</p>\n<p>\n  August 20, 2025 11:01 ET (15:01 GMT)\n</p>\n<p>\nMW The S&amp;P 500 is at its most expensive by this -2-\n</p>\n<pre style=\"white-space: pre\">\n   Intuit Inc.                        INTU                                           13.0%                  10.36                                  11.21                                   92% \n   Fortinet Inc.                      FTNT                                           11.2%                   9.26                                  11.24                                   82% \n   Autodesk Inc.                      ADSK                                           10.7%                   9.38                                  11.16                                   84% \n   Airbnb Inc. Class A                ABNB                                            9.7%                   6.67                                  12.46                                   53% \n   Vertex Pharmaceuticals Inc.        VRTX                                            9.7%                   8.61                                   9.55                                   90% \n                                                                                                                                                                               Source: FactSet \n</pre>\n<p>\n     These growth projections are based on consensus estimates among analysts polled by FactSet for calendar 2025 through 2027. The estimates are adjusted for companies whose fiscal years don't match the calendar. \n</p>\n<p>\n     In comparison, the projected two-year revenue CAGR through 2027 is 5.4% for the S&amp;P 500 and 9.8% for the Nasdaq-100, according to FactSet. \n</p>\n<p>\n     Click on the tickers for more about each company, ETF or index. \n</p>\n<p>\n     Read: Tomi Kilgore's detailed guide to the information available on the MarketWatch quote page \n</p>\n<p>\n     Don't miss: 20 stocks in the S&amp;P 500 that are high achievers this earnings season \n</p>\n<p>\n     -Philip van Doorn \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 20, 2025 11:01 ET (15:01 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 is at its most expensive by this measure. These stocks have bucked the trend.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 is at its most expensive by this measure. These stocks have bucked the trend.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-08-20 23:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW The S&amp;P 500 is at its most expensive by this measure. These stocks have bucked the trend.\n</p>\n<p>\n  By Philip van Doorn \n</p>\n<p>\n     The U.S. benchmark just hit its highest price/trailing sales ratio ever \n</p>\n<p>\n     The broad U.S. stock market is trading at a historically high level to companies' revenue. But there are plenty of companies whose stocks haven't followed suit. \n</p>\n<p>\n     In a bull market, it is not unusual to see a cycle of record highs for stock indexes. But what may be more important to investors is how expensive stocks are relative to revenue or earnings. On a price-to-sales basis, the broad U.S. stock market has trended upward and is at its most expensive. But some stocks have bucked the trend, as shown below. \n</p>\n<p>\n     A warning \n</p>\n<p>\n     If you have been worried that the stock market has become overheated, check out this post on X from Charlie Bilello on Aug. 10. \n</p>\n<p>\n     That warning included a long-term chart showing the ratio of the S&amp;P 500's price to trailing sales. These are prices to rolling 12-month revenue figures, weighted by market capitalization. \n</p>\n<p>\n     Through Tuesday's close, the large-cap U.S. benchmark's price/trailing sales ratio had climbed even higher. \n</p>\n<p>\n     Tuesday's closing price/trailing sales ratio of 3.19 for the S&amp;P 500 SPX was very high relative to the average level of 1.88 going back to the end of 1999. But that average reflected the bursting of the dot-com bubble in the early 2000s, as well as the brutal decline from late 2007 through early March 2009 during the financial crisis. \n</p>\n<p>\n     We actually screened the more expensive Nasdaq-100 Index NDX for a tech-oriented screen of stocks that have resisted the high price/sales trend. But let's first dig a bit further into the S&amp;P 500. \n</p>\n<p>\n     The most expensive sectors \n</p>\n<p>\n     If we look back only 10 years, the current valuation is well above average levels for the index and its sectors. Here is a valuation comparison for the 11 sectors of the S&amp;P 500, sorted by price/trailing sales, with the full index at the bottom: \n</p>\n<pre style=\"white-space: pre\">\n   Sector or index           Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Information Technology                     9.76                                   5.22                                  187% \n   Real Estate                                6.50                                   7.19                                   90% \n   Communication Services                     4.42                                   3.27                                  135% \n   Consumer Discretionary                     2.92                                   2.27                                  129% \n   Utilities                                  2.87                                   2.35                                  122% \n   Industrials                                2.85                                   2.06                                  138% \n   Financials                                 2.80                                   2.59                                  108% \n   Materials                                  2.25                                   1.93                                  117% \n   Consumer Staples                           1.49                                   1.34                                  111% \n   Healthcare                                 1.45                                   1.72                                   84% \n   Energy                                     1.31                                   1.27                                  103% \n   S&amp;P 500                                    3.19                                   2.39                                  133% \n                                                                                                                Source: FactSet \n</pre>\n<p>\n     The full S&amp;P 500's price/trailing sales ratio is 33% higher than its 10-year average. The most expensive sector is information technology with a price/trailing sales ratio of 9.76, which is 87% higher than its 10-year average level. \n</p>\n<p>\n     Investors need to keep in mind that the S&amp;P 500 is weighted by market capitalization. This means that three companies - <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> Corp. (NVDA), Microsoft Corp. <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> and Apple Inc. <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> - make up 21.2% of the portfolio of the SPDR S&amp;P 500 ETF Trust SPY. And they have a 26.6% weighting in the Invesco QQQ ETF QQQ, which tracks the Nasdaq-100. \n</p>\n<p>\n     You might be interested in seeing how price/trailing sales ratios stack up for the \"Magnificent Seven\" group of stocks. Here they are, sorted by how high the current valuations are to 10-year averages: \n</p>\n<pre style=\"white-space: pre\">\n   Company                 Ticker   Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc.    META                      10.21                                   7.36                                  139% \n   Apple Inc.             AAPL                       8.30                                   7.28                                  114% \n   Microsoft Corp.        MSFT                      13.18                                  11.59                                  114% \n   <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>.com Inc.        AMZN                       3.56                                   3.16                                  113% \n   Alphabet Inc. Class A  GOOGL                      6.45                                   5.97                                  108% \n   Nvidia Corp.           NVDA                      25.19                                  23.60                                  107% \n   Tesla Inc.             TSLA                      11.24                                  11.64                                   97% \n</pre>\n<p>\n     Aside from Amazon (AMZN), which trades for 3.6 times trailing sales, all of these stocks trade at multiples of the S&amp;P 500's weighted ratio of 3.2. \n</p>\n<p>\n     Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> is the only member of the Magnificent Seven trading below its 10-year average valuation on this basis. \n</p>\n<p>\n     Getting back to sector valuations, note that among the Magnificent Seven, only Nvidia, Microsoft and Apple are in the S&amp;P information-technology sector. Amazon and Tesla are in the consumer-discretionary sector, while Meta (META) and Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> <a href=\"https://laohu8.com/S/GOOG\">$(GOOG)$</a> are in the communications-services sector. \n</p>\n<p>\n     Stock screen - low valuations and high expectations for sales growth through 2027 \n</p>\n<p>\n     The stock market's long rally has been led by Big Tech. An interesting way to screen for stocks bucking the trend of high price/trailing sales valuations is to look at the Nasdaq-100 index - the one tracked by QQQ. This index is made up of the 100 largest nonfinancial companies in the full Nasdaq Composite Index COMP. It is trading at a price/trailing sales ratio of 6.98, which is 47% higher than its 10-year average valuation of 4.76. \n</p>\n<p>\n     Among the Nasdaq-100, 54 stocks are trading below their average 10-year price/trailing sales valuations. To narrow the list further, here are the 20 projected to show the highest compound annual growth rates (CAGR) for sales over the next two years: \n</p>\n<pre style=\"white-space: pre\">\n   Company                             Ticker   Two-year estimated sales CAGR through 2027  Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> Inc.                  MELI                                           24.4%                   4.67                                   8.34                                   56% \n   <a href=\"https://laohu8.com/S/CRWD\">CrowdStrike</a> Holdings Inc. Class A  CRWD                                           22.6%                  23.66                                  28.08                                   84% \n   <a href=\"https://laohu8.com/S/SHOP\">Shopify Inc</a>.                       SHOP                                           22.3%                  17.37                                  20.55                                   85% \n   <a href=\"https://laohu8.com/S/ARM\">ARM Holdings</a> PLC ADR               ARM                                            20.4%                  33.03                                  35.16                                   94% \n   <a href=\"https://laohu8.com/S/DDOG\">Datadog</a> Inc. Class A               DDOG                                           20.3%                  14.55                                  27.49                                   53% \n   Zscaler Inc.                       ZS                                             20.2%                  15.91                                  25.81                                   62% \n   Tesla Inc.                         TSLA                                           19.6%                  11.24                                  11.64                                   97% \n   Atlassian Corp Class A             TEAM                                           18.9%                   8.15                                   20.2                                   40% \n   Marvell Technology Inc.            MRVL                                           18.7%                   8.72                                  10.38                                   84% \n   <a href=\"https://laohu8.com/S/TTD\">Trade Desk Inc.</a> Class A            TTD                                            16.8%                   9.49                                  23.93                                   40% \n   DexCom Inc.                        DXCM                                           15.0%                   7.19                                  14.17                                   51% \n   Intuitive Surgical Inc.            ISRG                                           14.6%                  18.54                                  18.67                                   99% \n   PDD Holdings Inc. ADR              PDD                                            14.6%                   2.87                                   7.02                                   41% \n   CoStar Group Inc.                  CSGP                                           13.1%                  12.57                                  14.78                                   85% \n   <a href=\"https://laohu8.com/S/WDAY\">Workday</a> Inc. Class A               WDAY                                           13.1%                   6.79                                   9.67                                   70% \n</pre>\n</font><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW The S&amp;P 500 is at its most expensive by this measure. These stocks have bucked the trend.\n</p>\n<p>\n  By Philip van Doorn \n</p>\n<p>\n     The U.S. benchmark just hit its highest price/trailing sales ratio ever \n</p>\n<p>\n     The broad U.S. stock market is trading at a historically high level to companies' revenue. But there are plenty of companies whose stocks haven't followed suit. \n</p>\n<p>\n     In a bull market, it is not unusual to see a cycle of record highs for stock indexes. But what may be more important to investors is how expensive stocks are relative to revenue or earnings. On a price-to-sales basis, the broad U.S. stock market has trended upward and is at its most expensive. But some stocks have bucked the trend, as shown below. \n</p>\n<p>\n     A warning \n</p>\n<p>\n     If you have been worried that the stock market has become overheated, check out this post on X from Charlie Bilello on Aug. 10. \n</p>\n<p>\n     That warning included a long-term chart showing the ratio of the S&amp;P 500's price to trailing sales. These are prices to rolling 12-month revenue figures, weighted by market capitalization. \n</p>\n<p>\n     Through Tuesday's close, the large-cap U.S. benchmark's price/trailing sales ratio had climbed even higher. \n</p>\n<p>\n     Tuesday's closing price/trailing sales ratio of 3.19 for the S&amp;P 500 SPX was very high relative to the average level of 1.88 going back to the end of 1999. But that average reflected the bursting of the dot-com bubble in the early 2000s, as well as the brutal decline from late 2007 through early March 2009 during the financial crisis. \n</p>\n<p>\n     We actually screened the more expensive Nasdaq-100 Index NDX for a tech-oriented screen of stocks that have resisted the high price/sales trend. But let's first dig a bit further into the S&amp;P 500. \n</p>\n<p>\n     The most expensive sectors \n</p>\n<p>\n     If we look back only 10 years, the current valuation is well above average levels for the index and its sectors. Here is a valuation comparison for the 11 sectors of the S&amp;P 500, sorted by price/trailing sales, with the full index at the bottom: \n</p>\n<pre style=\"white-space: pre\">\n   Sector or index           Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Information Technology                     9.76                                   5.22                                  187% \n   Real Estate                                6.50                                   7.19                                   90% \n   Communication Services                     4.42                                   3.27                                  135% \n   Consumer Discretionary                     2.92                                   2.27                                  129% \n   Utilities                                  2.87                                   2.35                                  122% \n   Industrials                                2.85                                   2.06                                  138% \n   Financials                                 2.80                                   2.59                                  108% \n   Materials                                  2.25                                   1.93                                  117% \n   Consumer Staples                           1.49                                   1.34                                  111% \n   Healthcare                                 1.45                                   1.72                                   84% \n   Energy                                     1.31                                   1.27                                  103% \n   S&amp;P 500                                    3.19                                   2.39                                  133% \n                                                                                                                Source: FactSet \n</pre>\n<p>\n     The full S&amp;P 500's price/trailing sales ratio is 33% higher than its 10-year average. The most expensive sector is information technology with a price/trailing sales ratio of 9.76, which is 87% higher than its 10-year average level. \n</p>\n<p>\n     Investors need to keep in mind that the S&amp;P 500 is weighted by market capitalization. This means that three companies - Nvidia Corp. (NVDA), Microsoft Corp. (MSFT) and Apple Inc. (AAPL) - make up 21.2% of the portfolio of the SPDR S&amp;P 500 ETF Trust SPY. And they have a 26.6% weighting in the Invesco QQQ ETF QQQ, which tracks the Nasdaq-100. \n</p>\n<p>\n     You might be interested in seeing how price/trailing sales ratios stack up for the \"Magnificent Seven\" group of stocks. Here they are, sorted by how high the current valuations are to 10-year averages: \n</p>\n<pre style=\"white-space: pre\">\n   Company                 Ticker   Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Meta Platforms Inc.    META                      10.21                                   7.36                                  139% \n   Apple Inc.             AAPL                       8.30                                   7.28                                  114% \n   Microsoft Corp.        MSFT                      13.18                                  11.59                                  114% \n   Amazon.com Inc.        AMZN                       3.56                                   3.16                                  113% \n   Alphabet Inc. Class A  GOOGL                      6.45                                   5.97                                  108% \n   Nvidia Corp.           NVDA                      25.19                                  23.60                                  107% \n   Tesla Inc.             TSLA                      11.24                                  11.64                                   97% \n</pre>\n<p>\n     Aside from Amazon (AMZN), which trades for 3.6 times trailing sales, all of these stocks trade at multiples of the S&amp;P 500's weighted ratio of 3.2. \n</p>\n<p>\n     Tesla (TSLA) is the only member of the Magnificent Seven trading below its 10-year average valuation on this basis. \n</p>\n<p>\n     Getting back to sector valuations, note that among the Magnificent Seven, only Nvidia, Microsoft and Apple are in the S&amp;P information-technology sector. Amazon and Tesla are in the consumer-discretionary sector, while Meta (META) and Alphabet (GOOGL) (GOOG) are in the communications-services sector. \n</p>\n<p>\n     Stock screen - low valuations and high expectations for sales growth through 2027 \n</p>\n<p>\n     The stock market's long rally has been led by Big Tech. An interesting way to screen for stocks bucking the trend of high price/trailing sales valuations is to look at the Nasdaq-100 index - the one tracked by QQQ. This index is made up of the 100 largest nonfinancial companies in the full Nasdaq Composite Index COMP. It is trading at a price/trailing sales ratio of 6.98, which is 47% higher than its 10-year average valuation of 4.76. \n</p>\n<p>\n     Among the Nasdaq-100, 54 stocks are trading below their average 10-year price/trailing sales valuations. To narrow the list further, here are the 20 projected to show the highest compound annual growth rates (CAGR) for sales over the next two years: \n</p>\n<pre style=\"white-space: pre\">\n   Company                             Ticker   Two-year estimated sales CAGR through 2027  Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   MercadoLibre Inc.                  MELI                                           24.4%                   4.67                                   8.34                                   56% \n   CrowdStrike Holdings Inc. Class A  CRWD                                           22.6%                  23.66                                  28.08                                   84% \n   Shopify Inc.                       SHOP                                           22.3%                  17.37                                  20.55                                   85% \n   ARM Holdings PLC ADR               ARM                                            20.4%                  33.03                                  35.16                                   94% \n   Datadog Inc. Class A               DDOG                                           20.3%                  14.55                                  27.49                                   53% \n   Zscaler Inc.                       ZS                                             20.2%                  15.91                                  25.81                                   62% \n   Tesla Inc.                         TSLA                                           19.6%                  11.24                                  11.64                                   97% \n   Atlassian Corp Class A             TEAM                                           18.9%                   8.15                                   20.2                                   40% \n   Marvell Technology Inc.            MRVL                                           18.7%                   8.72                                  10.38                                   84% \n   Trade Desk Inc. Class A            TTD                                            16.8%                   9.49                                  23.93                                   40% \n   DexCom Inc.                        DXCM                                           15.0%                   7.19                                  14.17                                   51% \n   Intuitive Surgical Inc.            ISRG                                           14.6%                  18.54                                  18.67                                   99% \n   PDD Holdings Inc. ADR              PDD                                            14.6%                   2.87                                   7.02                                   41% \n   CoStar Group Inc.                  CSGP                                           13.1%                  12.57                                  14.78                                   85% \n   Workday Inc. Class A               WDAY                                           13.1%                   6.79                                   9.67                                   70% \n</pre>\n<p>\n  (MORE TO FOLLOW) Dow Jones Newswires\n</p>\n<p>\n  August 20, 2025 11:01 ET (15:01 GMT)\n</p>\n<p>\nMW The S&amp;P 500 is at its most expensive by this -2-\n</p>\n<pre style=\"white-space: pre\">\n   Intuit Inc.                        INTU                                           13.0%                  10.36                                  11.21                                   92% \n   Fortinet Inc.                      FTNT                                           11.2%                   9.26                                  11.24                                   82% \n   Autodesk Inc.                      ADSK                                           10.7%                   9.38                                  11.16                                   84% \n   Airbnb Inc. Class A                ABNB                                            9.7%                   6.67                                  12.46                                   53% \n   Vertex Pharmaceuticals Inc.        VRTX                                            9.7%                   8.61                                   9.55                                   90% \n                                                                                                                                                                               Source: FactSet \n</pre>\n<p>\n     These growth projections are based on consensus estimates among analysts polled by FactSet for calendar 2025 through 2027. The estimates are adjusted for companies whose fiscal years don't match the calendar. \n</p>\n<p>\n     In comparison, the projected two-year revenue CAGR through 2027 is 5.4% for the S&amp;P 500 and 9.8% for the Nasdaq-100, according to FactSet. \n</p>\n<p>\n     Click on the tickers for more about each company, ETF or index. \n</p>\n<p>\n     Read: Tomi Kilgore's detailed guide to the information available on the MarketWatch quote page \n</p>\n<p>\n     Don't miss: 20 stocks in the S&amp;P 500 that are high achievers this earnings season \n</p>\n<p>\n     -Philip van Doorn \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 20, 2025 11:01 ET (15:01 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDD":"1倍做空NVDA ETF-Direxion","UPRO":"三倍做多标普500ETF-ProShares","LU1564329115.USD":"Blackrock Dynamic High Income A6 USD","USJW.SI":"ALPHAB 3xLongSG261006","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","OEF":"标普100指数ETF-iShares","BK4077":"互动媒体与服务","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","2NVD.UK":"2X NVIDIA ETP",".SPX":"S&P 500 Index","3NVD.UK":"LS 3X NVIDIA","NVD2.UK":"2X NVIDIA ETP","VOO":"Vanguard标普500ETF","BK4571":"数字音乐概念","SH":"做空标普500-Proshares","TSYW.SI":"TESLA 3xLongSG261006","NVDS.UK":"LS -1X NVIDIA","NVDS":"1.5倍做空NVDA ETF-Tradr","NVDU":"2倍做多NVDA ETF-Direxion","SDS":"两倍做空标普500 ETF-ProShares","USAW.SI":"AMZN 3xLongSG261006","CAGR":"California Grapes International, Inc.","SPXU":"三倍做空标普500ETF-ProShares","NVD3.UK":"LS 3X NVIDIA","SSO":"2倍做多标普500ETF-ProShares","MACW.SI":"APPLE 3xLongSG261006","OEX":"标普100","NVDX":"2倍做多NVDA ETF-T-Rex","SG9999014559.SGD":"United Income Focus Trust Dis SGD","SNVD.UK":"LS -1X NVIDIA","LU2244417387.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) ACC","NVD":"2倍做空NVDA ETF-GraniteShares","SPY":"标普500ETF","NVDY":"NVDA期权收益策略ETF-YieldMax","IVV":"标普500ETF-iShares","NVIW.SI":"NVDA 3xLongSG261006"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2560873107","content_text":"MW The S&P 500 is at its most expensive by this measure. These stocks have bucked the trend.\n\n\n  By Philip van Doorn \n\n\n     The U.S. benchmark just hit its highest price/trailing sales ratio ever \n\n\n     The broad U.S. stock market is trading at a historically high level to companies' revenue. But there are plenty of companies whose stocks haven't followed suit. \n\n\n     In a bull market, it is not unusual to see a cycle of record highs for stock indexes. But what may be more important to investors is how expensive stocks are relative to revenue or earnings. On a price-to-sales basis, the broad U.S. stock market has trended upward and is at its most expensive. But some stocks have bucked the trend, as shown below. \n\n\n     A warning \n\n\n     If you have been worried that the stock market has become overheated, check out this post on X from Charlie Bilello on Aug. 10. \n\n\n     That warning included a long-term chart showing the ratio of the S&P 500's price to trailing sales. These are prices to rolling 12-month revenue figures, weighted by market capitalization. \n\n\n     Through Tuesday's close, the large-cap U.S. benchmark's price/trailing sales ratio had climbed even higher. \n\n\n     Tuesday's closing price/trailing sales ratio of 3.19 for the S&P 500 SPX was very high relative to the average level of 1.88 going back to the end of 1999. But that average reflected the bursting of the dot-com bubble in the early 2000s, as well as the brutal decline from late 2007 through early March 2009 during the financial crisis. \n\n\n     We actually screened the more expensive Nasdaq-100 Index NDX for a tech-oriented screen of stocks that have resisted the high price/sales trend. But let's first dig a bit further into the S&P 500. \n\n\n     The most expensive sectors \n\n\n     If we look back only 10 years, the current valuation is well above average levels for the index and its sectors. Here is a valuation comparison for the 11 sectors of the S&P 500, sorted by price/trailing sales, with the full index at the bottom: \n\n\n   Sector or index           Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Information Technology                     9.76                                   5.22                                  187% \n   Real Estate                                6.50                                   7.19                                   90% \n   Communication Services                     4.42                                   3.27                                  135% \n   Consumer Discretionary                     2.92                                   2.27                                  129% \n   Utilities                                  2.87                                   2.35                                  122% \n   Industrials                                2.85                                   2.06                                  138% \n   Financials                                 2.80                                   2.59                                  108% \n   Materials                                  2.25                                   1.93                                  117% \n   Consumer Staples                           1.49                                   1.34                                  111% \n   Healthcare                                 1.45                                   1.72                                   84% \n   Energy                                     1.31                                   1.27                                  103% \n   S&P 500                                    3.19                                   2.39                                  133% \n                                                                                                                Source: FactSet \n\n\n     The full S&P 500's price/trailing sales ratio is 33% higher than its 10-year average. The most expensive sector is information technology with a price/trailing sales ratio of 9.76, which is 87% higher than its 10-year average level. \n\n\n     Investors need to keep in mind that the S&P 500 is weighted by market capitalization. This means that three companies - Nvidia Corp. (NVDA), Microsoft Corp. $(MSFT)$ and Apple Inc. $(AAPL)$ - make up 21.2% of the portfolio of the SPDR S&P 500 ETF Trust SPY. And they have a 26.6% weighting in the Invesco QQQ ETF QQQ, which tracks the Nasdaq-100. \n\n\n     You might be interested in seeing how price/trailing sales ratios stack up for the \"Magnificent Seven\" group of stocks. Here they are, sorted by how high the current valuations are to 10-year averages: \n\n\n   Company                 Ticker   Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Meta Platforms Inc.    META                      10.21                                   7.36                                  139% \n   Apple Inc.             AAPL                       8.30                                   7.28                                  114% \n   Microsoft Corp.        MSFT                      13.18                                  11.59                                  114% \n   Amazon.com Inc.        AMZN                       3.56                                   3.16                                  113% \n   Alphabet Inc. Class A  GOOGL                      6.45                                   5.97                                  108% \n   Nvidia Corp.           NVDA                      25.19                                  23.60                                  107% \n   Tesla Inc.             TSLA                      11.24                                  11.64                                   97% \n\n\n     Aside from Amazon (AMZN), which trades for 3.6 times trailing sales, all of these stocks trade at multiples of the S&P 500's weighted ratio of 3.2. \n\n\n     Tesla $(TSLA)$ is the only member of the Magnificent Seven trading below its 10-year average valuation on this basis. \n\n\n     Getting back to sector valuations, note that among the Magnificent Seven, only Nvidia, Microsoft and Apple are in the S&P information-technology sector. Amazon and Tesla are in the consumer-discretionary sector, while Meta (META) and Alphabet $(GOOGL)$ $(GOOG)$ are in the communications-services sector. \n\n\n     Stock screen - low valuations and high expectations for sales growth through 2027 \n\n\n     The stock market's long rally has been led by Big Tech. An interesting way to screen for stocks bucking the trend of high price/trailing sales valuations is to look at the Nasdaq-100 index - the one tracked by QQQ. This index is made up of the 100 largest nonfinancial companies in the full Nasdaq Composite Index COMP. It is trading at a price/trailing sales ratio of 6.98, which is 47% higher than its 10-year average valuation of 4.76. \n\n\n     Among the Nasdaq-100, 54 stocks are trading below their average 10-year price/trailing sales valuations. To narrow the list further, here are the 20 projected to show the highest compound annual growth rates (CAGR) for sales over the next two years: \n\n\n   Company                             Ticker   Two-year estimated sales CAGR through 2027  Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   MercadoLibre Inc.                  MELI                                           24.4%                   4.67                                   8.34                                   56% \n   CrowdStrike Holdings Inc. Class A  CRWD                                           22.6%                  23.66                                  28.08                                   84% \n   Shopify Inc.                       SHOP                                           22.3%                  17.37                                  20.55                                   85% \n   ARM Holdings PLC ADR               ARM                                            20.4%                  33.03                                  35.16                                   94% \n   Datadog Inc. Class A               DDOG                                           20.3%                  14.55                                  27.49                                   53% \n   Zscaler Inc.                       ZS                                             20.2%                  15.91                                  25.81                                   62% \n   Tesla Inc.                         TSLA                                           19.6%                  11.24                                  11.64                                   97% \n   Atlassian Corp Class A             TEAM                                           18.9%                   8.15                                   20.2                                   40% \n   Marvell Technology Inc.            MRVL                                           18.7%                   8.72                                  10.38                                   84% \n   Trade Desk Inc. Class A            TTD                                            16.8%                   9.49                                  23.93                                   40% \n   DexCom Inc.                        DXCM                                           15.0%                   7.19                                  14.17                                   51% \n   Intuitive Surgical Inc.            ISRG                                           14.6%                  18.54                                  18.67                                   99% \n   PDD Holdings Inc. ADR              PDD                                            14.6%                   2.87                                   7.02                                   41% \n   CoStar Group Inc.                  CSGP                                           13.1%                  12.57                                  14.78                                   85% \n   Workday Inc. Class A               WDAY                                           13.1%                   6.79                                   9.67                                   70% \n\n\n\nMW The S&P 500 is at its most expensive by this measure. These stocks have bucked the trend.\n\n\n  By Philip van Doorn \n\n\n     The U.S. benchmark just hit its highest price/trailing sales ratio ever \n\n\n     The broad U.S. stock market is trading at a historically high level to companies' revenue. But there are plenty of companies whose stocks haven't followed suit. \n\n\n     In a bull market, it is not unusual to see a cycle of record highs for stock indexes. But what may be more important to investors is how expensive stocks are relative to revenue or earnings. On a price-to-sales basis, the broad U.S. stock market has trended upward and is at its most expensive. But some stocks have bucked the trend, as shown below. \n\n\n     A warning \n\n\n     If you have been worried that the stock market has become overheated, check out this post on X from Charlie Bilello on Aug. 10. \n\n\n     That warning included a long-term chart showing the ratio of the S&P 500's price to trailing sales. These are prices to rolling 12-month revenue figures, weighted by market capitalization. \n\n\n     Through Tuesday's close, the large-cap U.S. benchmark's price/trailing sales ratio had climbed even higher. \n\n\n     Tuesday's closing price/trailing sales ratio of 3.19 for the S&P 500 SPX was very high relative to the average level of 1.88 going back to the end of 1999. But that average reflected the bursting of the dot-com bubble in the early 2000s, as well as the brutal decline from late 2007 through early March 2009 during the financial crisis. \n\n\n     We actually screened the more expensive Nasdaq-100 Index NDX for a tech-oriented screen of stocks that have resisted the high price/sales trend. But let's first dig a bit further into the S&P 500. \n\n\n     The most expensive sectors \n\n\n     If we look back only 10 years, the current valuation is well above average levels for the index and its sectors. Here is a valuation comparison for the 11 sectors of the S&P 500, sorted by price/trailing sales, with the full index at the bottom: \n\n\n   Sector or index           Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Information Technology                     9.76                                   5.22                                  187% \n   Real Estate                                6.50                                   7.19                                   90% \n   Communication Services                     4.42                                   3.27                                  135% \n   Consumer Discretionary                     2.92                                   2.27                                  129% \n   Utilities                                  2.87                                   2.35                                  122% \n   Industrials                                2.85                                   2.06                                  138% \n   Financials                                 2.80                                   2.59                                  108% \n   Materials                                  2.25                                   1.93                                  117% \n   Consumer Staples                           1.49                                   1.34                                  111% \n   Healthcare                                 1.45                                   1.72                                   84% \n   Energy                                     1.31                                   1.27                                  103% \n   S&P 500                                    3.19                                   2.39                                  133% \n                                                                                                                Source: FactSet \n\n\n     The full S&P 500's price/trailing sales ratio is 33% higher than its 10-year average. The most expensive sector is information technology with a price/trailing sales ratio of 9.76, which is 87% higher than its 10-year average level. \n\n\n     Investors need to keep in mind that the S&P 500 is weighted by market capitalization. This means that three companies - Nvidia Corp. (NVDA), Microsoft Corp. (MSFT) and Apple Inc. (AAPL) - make up 21.2% of the portfolio of the SPDR S&P 500 ETF Trust SPY. And they have a 26.6% weighting in the Invesco QQQ ETF QQQ, which tracks the Nasdaq-100. \n\n\n     You might be interested in seeing how price/trailing sales ratios stack up for the \"Magnificent Seven\" group of stocks. Here they are, sorted by how high the current valuations are to 10-year averages: \n\n\n   Company                 Ticker   Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Meta Platforms Inc.    META                      10.21                                   7.36                                  139% \n   Apple Inc.             AAPL                       8.30                                   7.28                                  114% \n   Microsoft Corp.        MSFT                      13.18                                  11.59                                  114% \n   Amazon.com Inc.        AMZN                       3.56                                   3.16                                  113% \n   Alphabet Inc. Class A  GOOGL                      6.45                                   5.97                                  108% \n   Nvidia Corp.           NVDA                      25.19                                  23.60                                  107% \n   Tesla Inc.             TSLA                      11.24                                  11.64                                   97% \n\n\n     Aside from Amazon (AMZN), which trades for 3.6 times trailing sales, all of these stocks trade at multiples of the S&P 500's weighted ratio of 3.2. \n\n\n     Tesla (TSLA) is the only member of the Magnificent Seven trading below its 10-year average valuation on this basis. \n\n\n     Getting back to sector valuations, note that among the Magnificent Seven, only Nvidia, Microsoft and Apple are in the S&P information-technology sector. Amazon and Tesla are in the consumer-discretionary sector, while Meta (META) and Alphabet (GOOGL) (GOOG) are in the communications-services sector. \n\n\n     Stock screen - low valuations and high expectations for sales growth through 2027 \n\n\n     The stock market's long rally has been led by Big Tech. An interesting way to screen for stocks bucking the trend of high price/trailing sales valuations is to look at the Nasdaq-100 index - the one tracked by QQQ. This index is made up of the 100 largest nonfinancial companies in the full Nasdaq Composite Index COMP. It is trading at a price/trailing sales ratio of 6.98, which is 47% higher than its 10-year average valuation of 4.76. \n\n\n     Among the Nasdaq-100, 54 stocks are trading below their average 10-year price/trailing sales valuations. To narrow the list further, here are the 20 projected to show the highest compound annual growth rates (CAGR) for sales over the next two years: \n\n\n   Company                             Ticker   Two-year estimated sales CAGR through 2027  Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   MercadoLibre Inc.                  MELI                                           24.4%                   4.67                                   8.34                                   56% \n   CrowdStrike Holdings Inc. Class A  CRWD                                           22.6%                  23.66                                  28.08                                   84% \n   Shopify Inc.                       SHOP                                           22.3%                  17.37                                  20.55                                   85% \n   ARM Holdings PLC ADR               ARM                                            20.4%                  33.03                                  35.16                                   94% \n   Datadog Inc. Class A               DDOG                                           20.3%                  14.55                                  27.49                                   53% \n   Zscaler Inc.                       ZS                                             20.2%                  15.91                                  25.81                                   62% \n   Tesla Inc.                         TSLA                                           19.6%                  11.24                                  11.64                                   97% \n   Atlassian Corp Class A             TEAM                                           18.9%                   8.15                                   20.2                                   40% \n   Marvell Technology Inc.            MRVL                                           18.7%                   8.72                                  10.38                                   84% \n   Trade Desk Inc. Class A            TTD                                            16.8%                   9.49                                  23.93                                   40% \n   DexCom Inc.                        DXCM                                           15.0%                   7.19                                  14.17                                   51% \n   Intuitive Surgical Inc.            ISRG                                           14.6%                  18.54                                  18.67                                   99% \n   PDD Holdings Inc. ADR              PDD                                            14.6%                   2.87                                   7.02                                   41% \n   CoStar Group Inc.                  CSGP                                           13.1%                  12.57                                  14.78                                   85% \n   Workday Inc. Class A               WDAY                                           13.1%                   6.79                                   9.67                                   70% \n\n\n  (MORE TO FOLLOW) Dow Jones Newswires\n\n\n  August 20, 2025 11:01 ET (15:01 GMT)\n\n\nMW The S&P 500 is at its most expensive by this -2-\n\n\n   Intuit Inc.                        INTU                                           13.0%                  10.36                                  11.21                                   92% \n   Fortinet Inc.                      FTNT                                           11.2%                   9.26                                  11.24                                   82% \n   Autodesk Inc.                      ADSK                                           10.7%                   9.38                                  11.16                                   84% \n   Airbnb Inc. Class A                ABNB                                            9.7%                   6.67                                  12.46                                   53% \n   Vertex Pharmaceuticals Inc.        VRTX                                            9.7%                   8.61                                   9.55                                   90% \n                                                                                                                                                                               Source: FactSet \n\n\n     These growth projections are based on consensus estimates among analysts polled by FactSet for calendar 2025 through 2027. The estimates are adjusted for companies whose fiscal years don't match the calendar. \n\n\n     In comparison, the projected two-year revenue CAGR through 2027 is 5.4% for the S&P 500 and 9.8% for the Nasdaq-100, according to FactSet. \n\n\n     Click on the tickers for more about each company, ETF or index. \n\n\n     Read: Tomi Kilgore's detailed guide to the information available on the MarketWatch quote page \n\n\n     Don't miss: 20 stocks in the S&P 500 that are high achievers this earnings season \n\n\n     -Philip van Doorn \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 20, 2025 11:01 ET (15:01 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"OEX":0.6,"NVDD":0.6,"SNVD.UK":0.6,"NVDS.UK":0.6,"NVIW.SI":0.6,"VOO":1,"NVD":0.6,"UPRO":0.6,"SPY":1,".SPX":1,"MESmain":0.6,"NVDY":0.6,"3NVD.UK":0.6,"SSO":0.6,"NVDU":0.6,"SDS":0.6,"MACW.SI":0.6,"USAW.SI":0.6,"OEF":0.6,"SH":0.6,"USJW.SI":0.6,"CAGR":1,"NVDX":0.6,"2NVD.UK":0.6,"IVV":0.6,"TSYW.SI":0.6,"SPXU":0.6,"NVDS":0.6,"ESmain":0.6,"NVD3.UK":0.6,"NQmain":0.9,"NVD2.UK":0.6}},"isVote":1,"tweetType":1,"viewCount":1398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":467549443764456,"gmtCreate":1755185470577,"gmtModify":1755185472863,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/467549443764456","repostId":"1159135969","repostType":2,"repost":{"id":"1159135969","kind":"news","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1755182114,"share":"https://ttm.financial/m/news/1159135969?lang=en_US&edition=fundamental","pubTime":"2025-08-14 22:35","market":"us","language":"en","title":"CoreWeave’s Lockup Is About to Expire. What That Could Mean for the Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1159135969","media":"Dow Jones","summary":"Corporate insiders will soon be able to unload shares, which could cause some selling pressure but also ultimately reduce volatility by increasing the stock’s public float","content":"<html><head></head><body><p>CoreWeave Inc.’s stock has staged a staggering rally of nearly 200% since the artificial-intelligence cloud company went public in March. That’s been especially good news for corporate insiders and early investors, who got shares at low prices and are sitting on nice paper gains.</p><p style=\"text-align: start;\">Soon they’ll have the option to cash in, thanks to the expiration of the company’s post-IPO lock-up period that’s due to take place after Thursday’s closing bell. In a company’s early months on the public markets, insiders are restricted from unloading stock, but CoreWeave’s IPO materials indicate that the lockup expires after the market close on the second day after the company’s second earnings report as a public company. CoreWeave posted earnings on Tuesday afternoon.</p><p>What does that mean for regular investors? There’s the potential for some selling pressure, with CoreWeave disclosing in its IPO prospectus that about 84% of shares were held by directors, executives, selling shareholders and some other holders who were subject to lockup restrictions. But it’s also worth noting that the lockup expiration date won’t be a surprise to Wall Street.</p><p style=\"text-align: start;\">Perhaps that’s why a look at U.S.-listed IPOs from the past five years shows that stocks end essentially flat on average in their first day of trading after the lockup expires.</p><p style=\"text-align: start;\">But over a one-month span, the average move is a 2.4% decline, according to Dow Jones Market Data, whereas the S&amp;P 500 index averages a gain of 1.3%, based on rolling one-month performance over the same span.</p><p style=\"text-align: start;\">For bigger companies, the one-month move is less dramatic, averaging out to a 0.5% decline in the first month following a lockup expiration when focusing just on companies with market capitalizations upwards of $1 billion at the time of the deal. CoreWeave’s market cap at the time of the IPO was almost $14 billion and it now stands near $57 billion.</p><p style=\"text-align: start;\">CoreWeave’s stock has made some dramatic swings since the company went public, volatility that MoffettNathanson’s Nick Del Deo previously attributed in part to the stock’s thin float. Earlier this week, he added that he saw some potential positives to the lockup expiration.</p><p style=\"text-align: start;\">“Over time, this should help to bolster its float and mitigate some of the technical dynamics that have affected the stock’s trading behavior since the IPO,” he wrote. “However, it’s impossible to judge the degree to which insiders may sell, and the company’s ownership is concentrated in their hands.”</p><p style=\"text-align: start;\">He remained cautious on CoreWeave’s stock for other reasons, noting that the company “is growing at incredible rates and investing mind-boggling sums to support that growth” but could face heightened competition going forward in light of the large perceived opportunity in artificial intelligence. Del Deo has a neutral rating and $56 target price on CoreWeave’s stock, with that target about half of where shares trade currently.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CoreWeave’s Lockup Is About to Expire. What That Could Mean for the Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoreWeave’s Lockup Is About to Expire. What That Could Mean for the Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-08-14 22:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>CoreWeave Inc.’s stock has staged a staggering rally of nearly 200% since the artificial-intelligence cloud company went public in March. That’s been especially good news for corporate insiders and early investors, who got shares at low prices and are sitting on nice paper gains.</p><p style=\"text-align: start;\">Soon they’ll have the option to cash in, thanks to the expiration of the company’s post-IPO lock-up period that’s due to take place after Thursday’s closing bell. In a company’s early months on the public markets, insiders are restricted from unloading stock, but CoreWeave’s IPO materials indicate that the lockup expires after the market close on the second day after the company’s second earnings report as a public company. CoreWeave posted earnings on Tuesday afternoon.</p><p>What does that mean for regular investors? There’s the potential for some selling pressure, with CoreWeave disclosing in its IPO prospectus that about 84% of shares were held by directors, executives, selling shareholders and some other holders who were subject to lockup restrictions. But it’s also worth noting that the lockup expiration date won’t be a surprise to Wall Street.</p><p style=\"text-align: start;\">Perhaps that’s why a look at U.S.-listed IPOs from the past five years shows that stocks end essentially flat on average in their first day of trading after the lockup expires.</p><p style=\"text-align: start;\">But over a one-month span, the average move is a 2.4% decline, according to Dow Jones Market Data, whereas the S&amp;P 500 index averages a gain of 1.3%, based on rolling one-month performance over the same span.</p><p style=\"text-align: start;\">For bigger companies, the one-month move is less dramatic, averaging out to a 0.5% decline in the first month following a lockup expiration when focusing just on companies with market capitalizations upwards of $1 billion at the time of the deal. CoreWeave’s market cap at the time of the IPO was almost $14 billion and it now stands near $57 billion.</p><p style=\"text-align: start;\">CoreWeave’s stock has made some dramatic swings since the company went public, volatility that MoffettNathanson’s Nick Del Deo previously attributed in part to the stock’s thin float. Earlier this week, he added that he saw some potential positives to the lockup expiration.</p><p style=\"text-align: start;\">“Over time, this should help to bolster its float and mitigate some of the technical dynamics that have affected the stock’s trading behavior since the IPO,” he wrote. “However, it’s impossible to judge the degree to which insiders may sell, and the company’s ownership is concentrated in their hands.”</p><p style=\"text-align: start;\">He remained cautious on CoreWeave’s stock for other reasons, noting that the company “is growing at incredible rates and investing mind-boggling sums to support that growth” but could face heightened competition going forward in light of the large perceived opportunity in artificial intelligence. Del Deo has a neutral rating and $56 target price on CoreWeave’s stock, with that target about half of where shares trade currently.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRWV":"CoreWeave, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159135969","content_text":"CoreWeave Inc.’s stock has staged a staggering rally of nearly 200% since the artificial-intelligence cloud company went public in March. That’s been especially good news for corporate insiders and early investors, who got shares at low prices and are sitting on nice paper gains.Soon they’ll have the option to cash in, thanks to the expiration of the company’s post-IPO lock-up period that’s due to take place after Thursday’s closing bell. In a company’s early months on the public markets, insiders are restricted from unloading stock, but CoreWeave’s IPO materials indicate that the lockup expires after the market close on the second day after the company’s second earnings report as a public company. CoreWeave posted earnings on Tuesday afternoon.What does that mean for regular investors? There’s the potential for some selling pressure, with CoreWeave disclosing in its IPO prospectus that about 84% of shares were held by directors, executives, selling shareholders and some other holders who were subject to lockup restrictions. But it’s also worth noting that the lockup expiration date won’t be a surprise to Wall Street.Perhaps that’s why a look at U.S.-listed IPOs from the past five years shows that stocks end essentially flat on average in their first day of trading after the lockup expires.But over a one-month span, the average move is a 2.4% decline, according to Dow Jones Market Data, whereas the S&P 500 index averages a gain of 1.3%, based on rolling one-month performance over the same span.For bigger companies, the one-month move is less dramatic, averaging out to a 0.5% decline in the first month following a lockup expiration when focusing just on companies with market capitalizations upwards of $1 billion at the time of the deal. CoreWeave’s market cap at the time of the IPO was almost $14 billion and it now stands near $57 billion.CoreWeave’s stock has made some dramatic swings since the company went public, volatility that MoffettNathanson’s Nick Del Deo previously attributed in part to the stock’s thin float. Earlier this week, he added that he saw some potential positives to the lockup expiration.“Over time, this should help to bolster its float and mitigate some of the technical dynamics that have affected the stock’s trading behavior since the IPO,” he wrote. “However, it’s impossible to judge the degree to which insiders may sell, and the company’s ownership is concentrated in their hands.”He remained cautious on CoreWeave’s stock for other reasons, noting that the company “is growing at incredible rates and investing mind-boggling sums to support that growth” but could face heightened competition going forward in light of the large perceived opportunity in artificial intelligence. Del Deo has a neutral rating and $56 target price on CoreWeave’s stock, with that target about half of where shares trade currently.","news_type":1,"symbols_score_info":{"CRWV":1.1}},"isVote":1,"tweetType":1,"viewCount":1295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":467542370889736,"gmtCreate":1755183836954,"gmtModify":1755183841047,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/467542370889736","repostId":"467459133813440","repostType":1,"repost":{"id":467459133813440,"gmtCreate":1755163423953,"gmtModify":1755164239631,"author":{"id":"4145797693007212","authorId":"4145797693007212","name":"xc__","avatar":"https://community-static.tradeup.com/news/ac8d1cbd7537d78cfaa284470604425f","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4145797693007212","idStr":"4145797693007212"},"themes":[],"title":"Treasury’s Single-Stock Ban Bombshell: Will Your Portfolio Survive the Shake-Up?","htmlText":"Treasury Secretary Scott Bessent has dropped a market-shaking proposal, pushing for a congressional ban on single-stock trading, arguing that “the American people deserve better than politicians like Nancy Pelosi with hedge-fund level returns.” Announced on August 14, 2025, this bold move targets the $2.5 trillion daily equity market, spotlighting concerns over insider trading and wealth gaps. With the S&amp;P 500 at 6,466.58, Nasdaq at 21,713.14, and the Dow at 44,922.27 reflecting a bullish session, Bitcoin’s $124,002 surge to a $2.457 trillion market cap adds complexity. Tariffs (30% on EU/Mexico, 35% on Canada) and oil at $75/barrel heighten volatility, with the VIX at 14.49. Could this ban reshape your investments, or is it a fleeting threat? This deep dive explores the implications,","listText":"Treasury Secretary Scott Bessent has dropped a market-shaking proposal, pushing for a congressional ban on single-stock trading, arguing that “the American people deserve better than politicians like Nancy Pelosi with hedge-fund level returns.” Announced on August 14, 2025, this bold move targets the $2.5 trillion daily equity market, spotlighting concerns over insider trading and wealth gaps. With the S&amp;P 500 at 6,466.58, Nasdaq at 21,713.14, and the Dow at 44,922.27 reflecting a bullish session, Bitcoin’s $124,002 surge to a $2.457 trillion market cap adds complexity. Tariffs (30% on EU/Mexico, 35% on Canada) and oil at $75/barrel heighten volatility, with the VIX at 14.49. Could this ban reshape your investments, or is it a fleeting threat? This deep dive explores the implications,","text":"Treasury Secretary Scott Bessent has dropped a market-shaking proposal, pushing for a congressional ban on single-stock trading, arguing that “the American people deserve better than politicians like Nancy Pelosi with hedge-fund level returns.” Announced on August 14, 2025, this bold move targets the $2.5 trillion daily equity market, spotlighting concerns over insider trading and wealth gaps. With the S&P 500 at 6,466.58, Nasdaq at 21,713.14, and the Dow at 44,922.27 reflecting a bullish session, Bitcoin’s $124,002 surge to a $2.457 trillion market cap adds complexity. Tariffs (30% on EU/Mexico, 35% on Canada) and oil at $75/barrel heighten volatility, with the VIX at 14.49. Could this ban reshape your investments, or is it a fleeting threat? This deep dive explores the implications,","images":[{"img":"https://community-static.tradeup.com/news/0be91f193a21d4ce3aedc6ccc884cf49","width":"1200","height":"800"},{"img":"https://community-static.tradeup.com/news/dcf2ba6e9a52d40b2fe922cd86460d7b","width":"600","height":"400"},{"img":"https://community-static.tradeup.com/news/e9e9505f2e9606574e75c388f76ca1cb","width":"750","height":"406"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/467459133813440","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1150,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":467425627705376,"gmtCreate":1755155344976,"gmtModify":1755155347562,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/467425627705376","repostId":"1148314602","repostType":2,"repost":{"id":"1148314602","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1752656451,"share":"https://ttm.financial/m/news/1148314602?lang=en_US&edition=fundamental","pubTime":"2025-07-16 17:00","market":"sg","language":"en","title":"Dollar Index Hits 16-Day High as Multiple Tailwinds Converge","url":"https://stock-news.laohu8.com/highlight/detail?id=1148314602","media":"Deep News","summary":"President Trump's threat to impose up to 30% tariffs on EU imports from August 1 has drawn strong condemnation from European officials, who deem the measure \"unacceptable\" and potentially capable of...","content":"<p>President Trump's threat to impose up to 30% tariffs on EU imports from August 1 has drawn strong condemnation from European officials, who deem the measure \"unacceptable\" and potentially capable of terminating normal trade relations. In rapid response, the European Commission drafted a retaliatory tariff list targeting $84.1 billion worth of American goods, including Boeing aircraft, bourbon whiskey, automobiles, chemicals, medical devices, electrical equipment, and agricultural products. Despite having the retaliation framework prepared, EU representatives demonstrated unprecedented unity during the July 14 ministerial meeting in Brussels, maintaining hopes for negotiated resolution. EU Trade Commissioner Maroš Šefčovič emphasized readiness to implement countermeasures should negotiations collapse, declaring: \"European corporate interests are non-negotiable.\"</p>\n<p>At the annual Mansion House speech in London, Bank of England Governor Andrew Bailey criticized the Trump administration's trade war approach as counterproductive. Bailey asserted that such unilateral measures fail to address global economic imbalances while harming households worldwide. He specifically urged China and the United States to collaboratively resolve \"unsustainable\" trade and financial distortions that fuel political tensions. \"The rules governing international economic integration require multilateral consensus,\" Bailey contended. \"Unilateral imposition by any single nation—regardless of its influence—cannot deliver lasting stability.\"</p>\n<p>Market focus now shifts to key economic indicators including UK June CPI, UK retail price index, US PPI, and US industrial production data.</p>\n<p>**Dollar Index**  \nThe greenback climbed steadily to a 16-day peak near 98.60, bolstered by technical buying above the 98.00 threshold and diminishing Fed rate-cut expectations. The in-line US CPI reading provided additional upward momentum. Resistance emerges near 99.00 with support at 98.00.</p>\n<p>**EUR/USD**  \nThe euro dipped toward the critical 1.1600 level, barely holding above at 1.1610. Pressure mounted from both the Fed's reduced easing expectations and potential ECB dovish shifts triggered by US tariff threats. The satisfactory US inflation data further weakened the single currency. Resistance forms near 1.1700 while 1.1500 offers key support.</p>\n<p>**GBP/USD**  \nSterling breached the 1.3400 handle amid the dollar's broad-based strength fueled by cooling Fed easing bets, solid US inflation figures, and risk-off sentiment. Growing expectations for a Bank of England rate cut in August exacerbated the pound's decline. Resistance now sits at 1.3500 with support at 1.3300.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dollar Index Hits 16-Day High as Multiple Tailwinds Converge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDollar Index Hits 16-Day High as Multiple Tailwinds Converge\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2025-07-16 17:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>President Trump's threat to impose up to 30% tariffs on EU imports from August 1 has drawn strong condemnation from European officials, who deem the measure \"unacceptable\" and potentially capable of terminating normal trade relations. In rapid response, the European Commission drafted a retaliatory tariff list targeting $84.1 billion worth of American goods, including Boeing aircraft, bourbon whiskey, automobiles, chemicals, medical devices, electrical equipment, and agricultural products. Despite having the retaliation framework prepared, EU representatives demonstrated unprecedented unity during the July 14 ministerial meeting in Brussels, maintaining hopes for negotiated resolution. EU Trade Commissioner Maroš Šefčovič emphasized readiness to implement countermeasures should negotiations collapse, declaring: \"European corporate interests are non-negotiable.\"</p>\n<p>At the annual Mansion House speech in London, Bank of England Governor Andrew Bailey criticized the Trump administration's trade war approach as counterproductive. Bailey asserted that such unilateral measures fail to address global economic imbalances while harming households worldwide. He specifically urged China and the United States to collaboratively resolve \"unsustainable\" trade and financial distortions that fuel political tensions. \"The rules governing international economic integration require multilateral consensus,\" Bailey contended. \"Unilateral imposition by any single nation—regardless of its influence—cannot deliver lasting stability.\"</p>\n<p>Market focus now shifts to key economic indicators including UK June CPI, UK retail price index, US PPI, and US industrial production data.</p>\n<p>**Dollar Index**  \nThe greenback climbed steadily to a 16-day peak near 98.60, bolstered by technical buying above the 98.00 threshold and diminishing Fed rate-cut expectations. The in-line US CPI reading provided additional upward momentum. Resistance emerges near 99.00 with support at 98.00.</p>\n<p>**EUR/USD**  \nThe euro dipped toward the critical 1.1600 level, barely holding above at 1.1610. Pressure mounted from both the Fed's reduced easing expectations and potential ECB dovish shifts triggered by US tariff threats. The satisfactory US inflation data further weakened the single currency. Resistance forms near 1.1700 while 1.1500 offers key support.</p>\n<p>**GBP/USD**  \nSterling breached the 1.3400 handle amid the dollar's broad-based strength fueled by cooling Fed easing bets, solid US inflation figures, and risk-off sentiment. Growing expectations for a Bank of England rate cut in August exacerbated the pound's decline. Resistance now sits at 1.3500 with support at 1.3300.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FXC":"加元ETF-CurrencyShares","FXE":"欧元做多ETF-CurrencyShares","FXY":"日元ETF-CurrencyShares","FXF":"瑞士法郎ETF-CurrencyShares","YCS":"日元ETF-ProShares两倍做空","FXA":"澳元ETF-CurrencyShares","FXB":"英镑ETF-CurrencyShares","EUO":"欧元ETF-ProShares两倍做空"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148314602","content_text":"President Trump's threat to impose up to 30% tariffs on EU imports from August 1 has drawn strong condemnation from European officials, who deem the measure \"unacceptable\" and potentially capable of terminating normal trade relations. In rapid response, the European Commission drafted a retaliatory tariff list targeting $84.1 billion worth of American goods, including Boeing aircraft, bourbon whiskey, automobiles, chemicals, medical devices, electrical equipment, and agricultural products. Despite having the retaliation framework prepared, EU representatives demonstrated unprecedented unity during the July 14 ministerial meeting in Brussels, maintaining hopes for negotiated resolution. EU Trade Commissioner Maroš Šefčovič emphasized readiness to implement countermeasures should negotiations collapse, declaring: \"European corporate interests are non-negotiable.\"\nAt the annual Mansion House speech in London, Bank of England Governor Andrew Bailey criticized the Trump administration's trade war approach as counterproductive. Bailey asserted that such unilateral measures fail to address global economic imbalances while harming households worldwide. He specifically urged China and the United States to collaboratively resolve \"unsustainable\" trade and financial distortions that fuel political tensions. \"The rules governing international economic integration require multilateral consensus,\" Bailey contended. \"Unilateral imposition by any single nation—regardless of its influence—cannot deliver lasting stability.\"\nMarket focus now shifts to key economic indicators including UK June CPI, UK retail price index, US PPI, and US industrial production data.\n**Dollar Index**  \nThe greenback climbed steadily to a 16-day peak near 98.60, bolstered by technical buying above the 98.00 threshold and diminishing Fed rate-cut expectations. The in-line US CPI reading provided additional upward momentum. Resistance emerges near 99.00 with support at 98.00.\n**EUR/USD**  \nThe euro dipped toward the critical 1.1600 level, barely holding above at 1.1610. Pressure mounted from both the Fed's reduced easing expectations and potential ECB dovish shifts triggered by US tariff threats. The satisfactory US inflation data further weakened the single currency. Resistance forms near 1.1700 while 1.1500 offers key support.\n**GBP/USD**  \nSterling breached the 1.3400 handle amid the dollar's broad-based strength fueled by cooling Fed easing bets, solid US inflation figures, and risk-off sentiment. Growing expectations for a Bank of England rate cut in August exacerbated the pound's decline. Resistance now sits at 1.3500 with support at 1.3300.","news_type":1,"symbols_score_info":{"JPYmain":1,"MCDmain":1,"FXY":1,"FXA":1,"USDindex.FOREX":1,"MEURmain":1,"FXB":1,"EUO":1,"NZDmain":1,"YCS":1,"FXC":1,"FXF":1,"CHFmain":1,"AUDmain":1,"EURmain":1,"MGBPmain":1,"FXE":1,"MSFmain":1,"MAUDmain":1,"MJYmain":1,"GBPmain":1,"CADmain":1}},"isVote":1,"tweetType":1,"viewCount":964,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":462981105864888,"gmtCreate":1754032115487,"gmtModify":1754032117768,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/462981105864888","repostId":"1131799533","repostType":2,"repost":{"id":"1131799533","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1754020120,"share":"https://ttm.financial/m/news/1131799533?lang=en_US&edition=fundamental","pubTime":"2025-08-01 11:48","market":"fut","language":"en","title":"1688 Embraces Comprehensive AI Integration Strategy","url":"https://stock-news.laohu8.com/highlight/detail?id=1131799533","media":"Deep News","summary":"Against the backdrop of Alibaba's all-in AI strategy, 1688, the wholesale marketplace platform under Alibaba Group, has begun comprehensive AI implementation across its B2B operations. On July 30,...","content":"<p>Against the backdrop of Alibaba's all-in AI strategy, 1688, the wholesale marketplace platform under Alibaba Group, has begun comprehensive AI implementation across its B2B operations.</p>\n<p>On July 30, 1688 held a \"Platform + Industry\" AI networking conference in Hangzhou, where the company unveiled multiple AI products and upgrade initiatives. These include launching the \"1688 AI Version\" app, introducing the free enterprise query tool \"88查\", and conducting comprehensive AI upgrades to the existing \"Alibaba 1688\" app.</p>\n<p>This marks 1688's first large-scale release of AI-powered products. According to internal sources, these initiatives represent a deep practical implementation of the \"AI to B\" model at the industrial frontline, with a core focus on serving small B buyers and source manufacturers.</p>\n<p>The new app targets startup and sourcing scenarios, integrating five core functions: AI search, AI product selection, AI product creation, AI image search, and AI enterprise inquiry. These features cover the entire business chain from opportunity discovery to intelligent recommendations, product assembly, design, and innovation.</p>\n<p>1688 CTO Huo Chengfu stated that the 1688 AI version is positioned to become a business partner for entrepreneurs. The company plans to achieve end-to-end solutions through 1688 for user-submitted procurement or business plans in specific vertical markets by March next year.</p>\n<p>\"88查\" supports natural language interaction, allowing users to quickly query factory qualifications, production capabilities, and core competencies with simple descriptions. It also integrates deep research capabilities to rapidly generate industry and enterprise research reports, making business decisions more efficient and reliable.</p>\n<p>Additionally, 1688's free \"AI Digital Employees\" for merchants have received comprehensive upgrades, providing four personalized roles: business manager, product specialist, customer specialist, and marketing specialist, forming an intelligent \"virtual team\" covering the entire e-commerce operation chain.</p>\n<p>According to internal employees, this upgrade elevates AI digital employees from \"execution level\" to \"decision level\", shifting their core value from \"efficiency improvement\" to \"profit generation\" through proactive market trend analysis and business strategy formulation to achieve human efficiency gains through AI.</p>\n<p>As Alibaba's longest-standing business, 1688 serves mainstream manufacturers in Chinese manufacturing. Currently, the 1688 platform hosts over 1 million source manufacturers, with more than 60% being above-scale factories. The platform had over 100 million active buyers in 2024.</p>\n<p>Known for concentrating source factories, source goods, and source prices from industrial belts, 1688 is called \"China's e-commerce source supply base.\"</p>\n<p>In recent years, following Alibaba's all-in AI strategy, 1688 has become Alibaba's primary platform for exploring AI implementation in the industrial sector. As noted by Zhang Yaqin, Academician of the Chinese Academy of Engineering and Dean of Tsinghua University's AIR Institute, large model applications follow the development pattern of internet and mobile internet: starting from consumer end (To C) and then penetrating to industrial end (To B).</p>\n<p>For 1688, the AI to B era has just begun, presenting a second entrepreneurial opportunity for the company.</p>\n<p>Two years ago, 1688 began exploring AI applications. In 2024, the company simultaneously launched over 70 AI projects. Following DeepSeek's popularity, 1688 established an AI strategic advancement group and quickly reduced the 70+ projects to 10 prioritized ones after the Spring Festival.</p>\n<p>According to internal sources, 1688 has also brought in younger talent who better understand AI organizationally. \"Every management member has AI projects, and the internal attitude is that those who don't believe in or fully embrace AI must be replaced if they hold key positions.\"</p>\n<p>Now, 1688's comprehensive AI transformation will undoubtedly help millions of small and medium enterprises and entrepreneurs seize new technological opportunities in the AI era, opening up more new businesses and tracks.</p>\n<p>Currently, social media influencers and live streamers are becoming the main force of \"light entrepreneurship.\" Previously, entrepreneurs with good ideas found it difficult to negotiate with factories. Now, flexible supply chains have become more agile due to \"AI+\", lowering the barriers for young entrepreneurs.</p>\n<p>According to 1688 internal observations, AI not only amplifies individual capabilities but is also changing future organizational forms, with phenomena like \"multi-skilled individuals,\" \"multi-role individuals,\" and \"one-person companies\" rapidly emerging.</p>\n<p>However, AI also places higher demands on entrepreneurs. For instance, AI compresses product iteration cycles to daily levels, requiring entrepreneurs to establish \"real-time perception - rapid action\" mechanisms, as being slow means losing market opportunities. Additionally, AI recommendations easily create \"winner-takes-all\" scenarios, requiring small and medium entrepreneurs to more precisely target niche scenarios.</p>\n<p>For 1688, going all-in on AI is not just ambitious rhetoric but rather a natural transformation, integrating Alibaba's over 20 years of accumulated B2B services into the new AI engine. This adventure path of opportunities and challenges has just begun.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>1688 Embraces Comprehensive AI Integration Strategy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n1688 Embraces Comprehensive AI Integration Strategy\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2025-08-01 11:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Against the backdrop of Alibaba's all-in AI strategy, 1688, the wholesale marketplace platform under Alibaba Group, has begun comprehensive AI implementation across its B2B operations.</p>\n<p>On July 30, 1688 held a \"Platform + Industry\" AI networking conference in Hangzhou, where the company unveiled multiple AI products and upgrade initiatives. These include launching the \"1688 AI Version\" app, introducing the free enterprise query tool \"88查\", and conducting comprehensive AI upgrades to the existing \"Alibaba 1688\" app.</p>\n<p>This marks 1688's first large-scale release of AI-powered products. According to internal sources, these initiatives represent a deep practical implementation of the \"AI to B\" model at the industrial frontline, with a core focus on serving small B buyers and source manufacturers.</p>\n<p>The new app targets startup and sourcing scenarios, integrating five core functions: AI search, AI product selection, AI product creation, AI image search, and AI enterprise inquiry. These features cover the entire business chain from opportunity discovery to intelligent recommendations, product assembly, design, and innovation.</p>\n<p>1688 CTO Huo Chengfu stated that the 1688 AI version is positioned to become a business partner for entrepreneurs. The company plans to achieve end-to-end solutions through 1688 for user-submitted procurement or business plans in specific vertical markets by March next year.</p>\n<p>\"88查\" supports natural language interaction, allowing users to quickly query factory qualifications, production capabilities, and core competencies with simple descriptions. It also integrates deep research capabilities to rapidly generate industry and enterprise research reports, making business decisions more efficient and reliable.</p>\n<p>Additionally, 1688's free \"AI Digital Employees\" for merchants have received comprehensive upgrades, providing four personalized roles: business manager, product specialist, customer specialist, and marketing specialist, forming an intelligent \"virtual team\" covering the entire e-commerce operation chain.</p>\n<p>According to internal employees, this upgrade elevates AI digital employees from \"execution level\" to \"decision level\", shifting their core value from \"efficiency improvement\" to \"profit generation\" through proactive market trend analysis and business strategy formulation to achieve human efficiency gains through AI.</p>\n<p>As Alibaba's longest-standing business, 1688 serves mainstream manufacturers in Chinese manufacturing. Currently, the 1688 platform hosts over 1 million source manufacturers, with more than 60% being above-scale factories. The platform had over 100 million active buyers in 2024.</p>\n<p>Known for concentrating source factories, source goods, and source prices from industrial belts, 1688 is called \"China's e-commerce source supply base.\"</p>\n<p>In recent years, following Alibaba's all-in AI strategy, 1688 has become Alibaba's primary platform for exploring AI implementation in the industrial sector. As noted by Zhang Yaqin, Academician of the Chinese Academy of Engineering and Dean of Tsinghua University's AIR Institute, large model applications follow the development pattern of internet and mobile internet: starting from consumer end (To C) and then penetrating to industrial end (To B).</p>\n<p>For 1688, the AI to B era has just begun, presenting a second entrepreneurial opportunity for the company.</p>\n<p>Two years ago, 1688 began exploring AI applications. In 2024, the company simultaneously launched over 70 AI projects. Following DeepSeek's popularity, 1688 established an AI strategic advancement group and quickly reduced the 70+ projects to 10 prioritized ones after the Spring Festival.</p>\n<p>According to internal sources, 1688 has also brought in younger talent who better understand AI organizationally. \"Every management member has AI projects, and the internal attitude is that those who don't believe in or fully embrace AI must be replaced if they hold key positions.\"</p>\n<p>Now, 1688's comprehensive AI transformation will undoubtedly help millions of small and medium enterprises and entrepreneurs seize new technological opportunities in the AI era, opening up more new businesses and tracks.</p>\n<p>Currently, social media influencers and live streamers are becoming the main force of \"light entrepreneurship.\" Previously, entrepreneurs with good ideas found it difficult to negotiate with factories. Now, flexible supply chains have become more agile due to \"AI+\", lowering the barriers for young entrepreneurs.</p>\n<p>According to 1688 internal observations, AI not only amplifies individual capabilities but is also changing future organizational forms, with phenomena like \"multi-skilled individuals,\" \"multi-role individuals,\" and \"one-person companies\" rapidly emerging.</p>\n<p>However, AI also places higher demands on entrepreneurs. For instance, AI compresses product iteration cycles to daily levels, requiring entrepreneurs to establish \"real-time perception - rapid action\" mechanisms, as being slow means losing market opportunities. Additionally, AI recommendations easily create \"winner-takes-all\" scenarios, requiring small and medium entrepreneurs to more precisely target niche scenarios.</p>\n<p>For 1688, going all-in on AI is not just ambitious rhetoric but rather a natural transformation, integrating Alibaba's over 20 years of accumulated B2B services into the new AI engine. This adventure path of opportunities and challenges has just begun.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0328353924.USD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERGING MARKETS OPPORTUNITY (USD) \"P\" (USD) ACC","BK4554":"元宇宙及AR概念","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","LU0918141887.USD":"安联亚洲实际收益股票基金","BK4585":"ETF&股票定投概念","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","BK4587":"ChatGPT概念","BK4558":"双十一","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU1046421795.USD":"富达环球科技A-ACC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4588":"碎股","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU1051768304.USD":"贝莱德新兴市场股票收益A6","BK4565":"NFT概念","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU1008478684.HKD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (HKD) ACC","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","BK4503":"景林资产持仓","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK4502":"阿里概念","LU1046422090.SGD":"Fidelity Pacific A-SGD","LU1152091168.USD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" INC","BK4505":"高瓴资本持仓","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4504":"桥水持仓","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","LU0067412154.USD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (USD) ACC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","BK4607":"DeepSeek概念股","LU1688375341.USD":"贝莱德中国灵活股票基金","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","BK4220":"综合零售","BK4524":"宅经济概念","BK4187":"航天航空与国防","BABA":"阿里巴巴","BK4527":"明星科技股","BK4526":"热门中概股","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","LU1235294995.USD":"FIDELITY GLOBAL TECHNOLOGY \"A\" (USDHDG) ACC","LU1769817096.USD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERG MARKETS OPPO \"P\" (USD) INC","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","BK4122":"互联网与直销零售","LU1769817179.HKD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERG MARKETS OPPO \"P\" (HKD) INC","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","LU1282648689.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AMG\" (USD) INC","BK4575":"芯片概念","LU0047713382.USD":"BGF EMERGING MARKETS \"A2\" ACC","BK4579":"人工智能","BK4614":"Manus概念股","LU1051769294.HKD":"BGF EMERGING MARKETS EQUITY INCOME \"A6\"(HKDHDG) INC","LU1152091754.HKD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" (HKD) INC","BK4572":"航空租赁","LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","LU0072462343.USD":"贝莱德亚洲巨龙基金","AIR":"AAR公司","LU0072913022.USD":"UBS (LUX) EQUITY FUND -  GREATER CHINA \"P\" (USD) ACC","BK4548":"巴美列捷福持仓","BK4581":"高盛持仓","BK4543":"AI","BK4531":"中概回港概念","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","BK4534":"瑞士信贷持仓","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0106959298.USD":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0651947912.USD":"BGF EMERGING MARKETS EQUITY INCOME \"A5G\" (USD) INC","BK4535":"淡马锡持仓","BK4538":"云计算","09988":"阿里巴巴-W"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131799533","content_text":"Against the backdrop of Alibaba's all-in AI strategy, 1688, the wholesale marketplace platform under Alibaba Group, has begun comprehensive AI implementation across its B2B operations.\nOn July 30, 1688 held a \"Platform + Industry\" AI networking conference in Hangzhou, where the company unveiled multiple AI products and upgrade initiatives. These include launching the \"1688 AI Version\" app, introducing the free enterprise query tool \"88查\", and conducting comprehensive AI upgrades to the existing \"Alibaba 1688\" app.\nThis marks 1688's first large-scale release of AI-powered products. According to internal sources, these initiatives represent a deep practical implementation of the \"AI to B\" model at the industrial frontline, with a core focus on serving small B buyers and source manufacturers.\nThe new app targets startup and sourcing scenarios, integrating five core functions: AI search, AI product selection, AI product creation, AI image search, and AI enterprise inquiry. These features cover the entire business chain from opportunity discovery to intelligent recommendations, product assembly, design, and innovation.\n1688 CTO Huo Chengfu stated that the 1688 AI version is positioned to become a business partner for entrepreneurs. The company plans to achieve end-to-end solutions through 1688 for user-submitted procurement or business plans in specific vertical markets by March next year.\n\"88查\" supports natural language interaction, allowing users to quickly query factory qualifications, production capabilities, and core competencies with simple descriptions. It also integrates deep research capabilities to rapidly generate industry and enterprise research reports, making business decisions more efficient and reliable.\nAdditionally, 1688's free \"AI Digital Employees\" for merchants have received comprehensive upgrades, providing four personalized roles: business manager, product specialist, customer specialist, and marketing specialist, forming an intelligent \"virtual team\" covering the entire e-commerce operation chain.\nAccording to internal employees, this upgrade elevates AI digital employees from \"execution level\" to \"decision level\", shifting their core value from \"efficiency improvement\" to \"profit generation\" through proactive market trend analysis and business strategy formulation to achieve human efficiency gains through AI.\nAs Alibaba's longest-standing business, 1688 serves mainstream manufacturers in Chinese manufacturing. Currently, the 1688 platform hosts over 1 million source manufacturers, with more than 60% being above-scale factories. The platform had over 100 million active buyers in 2024.\nKnown for concentrating source factories, source goods, and source prices from industrial belts, 1688 is called \"China's e-commerce source supply base.\"\nIn recent years, following Alibaba's all-in AI strategy, 1688 has become Alibaba's primary platform for exploring AI implementation in the industrial sector. As noted by Zhang Yaqin, Academician of the Chinese Academy of Engineering and Dean of Tsinghua University's AIR Institute, large model applications follow the development pattern of internet and mobile internet: starting from consumer end (To C) and then penetrating to industrial end (To B).\nFor 1688, the AI to B era has just begun, presenting a second entrepreneurial opportunity for the company.\nTwo years ago, 1688 began exploring AI applications. In 2024, the company simultaneously launched over 70 AI projects. Following DeepSeek's popularity, 1688 established an AI strategic advancement group and quickly reduced the 70+ projects to 10 prioritized ones after the Spring Festival.\nAccording to internal sources, 1688 has also brought in younger talent who better understand AI organizationally. \"Every management member has AI projects, and the internal attitude is that those who don't believe in or fully embrace AI must be replaced if they hold key positions.\"\nNow, 1688's comprehensive AI transformation will undoubtedly help millions of small and medium enterprises and entrepreneurs seize new technological opportunities in the AI era, opening up more new businesses and tracks.\nCurrently, social media influencers and live streamers are becoming the main force of \"light entrepreneurship.\" Previously, entrepreneurs with good ideas found it difficult to negotiate with factories. Now, flexible supply chains have become more agile due to \"AI+\", lowering the barriers for young entrepreneurs.\nAccording to 1688 internal observations, AI not only amplifies individual capabilities but is also changing future organizational forms, with phenomena like \"multi-skilled individuals,\" \"multi-role individuals,\" and \"one-person companies\" rapidly emerging.\nHowever, AI also places higher demands on entrepreneurs. For instance, AI compresses product iteration cycles to daily levels, requiring entrepreneurs to establish \"real-time perception - rapid action\" mechanisms, as being slow means losing market opportunities. Additionally, AI recommendations easily create \"winner-takes-all\" scenarios, requiring small and medium entrepreneurs to more precisely target niche scenarios.\nFor 1688, going all-in on AI is not just ambitious rhetoric but rather a natural transformation, integrating Alibaba's over 20 years of accumulated B2B services into the new AI engine. This adventure path of opportunities and challenges has just begun.","news_type":1,"symbols_score_info":{"BABA":1,"ALBmain":1,"09988":1,"AIR":1}},"isVote":1,"tweetType":1,"viewCount":763,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":457516722868256,"gmtCreate":1752706486280,"gmtModify":1752706488759,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/457516722868256","repostId":"9081468230","repostType":1,"repost":{"id":9081468230,"gmtCreate":1650267292471,"gmtModify":1676534682644,"author":{"id":"3562804614994746","authorId":"3562804614994746","name":"TigerFeatures","avatar":"https://static.tigerbbs.com/5a8e4414a77df621346870c2f7e7cab7","crmLevel":0,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562804614994746","idStr":"3562804614994746"},"themes":[],"title":"【Option Vol/OI Turnover】Description","htmlText":"1.Where to find Located under Option Details Page Volume and open interest are two key technical metrics that describe the liquidity and activity of options and futures contracts. \"Volume\" refers to the number of contracts traded in a given period, and \"open interest\" denotes the number of contracts that are active, or not settled. 2.Things to be considered Scenario 1: Generally speaking, a rising volume and rising open interest both indicate a liquid market with many buyers and sellers for a particular option. This could be a sign of bullish sentiment if the increase in open interest is being fueled by long positions, or, a bearish sentiment if the increase is being fueled by short positions. Either way, the market shows an unanimous outlook towards one-side. Scenario 2: If an option has","listText":"1.Where to find Located under Option Details Page Volume and open interest are two key technical metrics that describe the liquidity and activity of options and futures contracts. \"Volume\" refers to the number of contracts traded in a given period, and \"open interest\" denotes the number of contracts that are active, or not settled. 2.Things to be considered Scenario 1: Generally speaking, a rising volume and rising open interest both indicate a liquid market with many buyers and sellers for a particular option. This could be a sign of bullish sentiment if the increase in open interest is being fueled by long positions, or, a bearish sentiment if the increase is being fueled by short positions. Either way, the market shows an unanimous outlook towards one-side. Scenario 2: If an option has","text":"1.Where to find Located under Option Details Page Volume and open interest are two key technical metrics that describe the liquidity and activity of options and futures contracts. \"Volume\" refers to the number of contracts traded in a given period, and \"open interest\" denotes the number of contracts that are active, or not settled. 2.Things to be considered Scenario 1: Generally speaking, a rising volume and rising open interest both indicate a liquid market with many buyers and sellers for a particular option. This could be a sign of bullish sentiment if the increase in open interest is being fueled by long positions, or, a bearish sentiment if the increase is being fueled by short positions. Either way, the market shows an unanimous outlook towards one-side. Scenario 2: If an option has","images":[{"img":"https://community-static.tradeup.com/news/59ce838298b380388b670c7f1bbabb2d","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9081468230","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":786,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":457536081006696,"gmtCreate":1752706269367,"gmtModify":1752706271343,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/457536081006696","repostId":"9081467644","repostType":1,"repost":{"id":9081467644,"gmtCreate":1650268031071,"gmtModify":1676534682741,"author":{"id":"3562804614994746","authorId":"3562804614994746","name":"TigerFeatures","avatar":"https://static.tigerbbs.com/5a8e4414a77df621346870c2f7e7cab7","crmLevel":0,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562804614994746","idStr":"3562804614994746"},"themes":[],"title":"【Call/Put Ratio】Description","htmlText":"1.What is Call/Put Ratio Call/Put Ratio displays the ratio of all calls and all puts in real-time. 2.How to use Call/Put Ratio Call/Put Ratio is a classic option technical indicator used to analyze and judge the current market sentiment changes: As a general rule of thumb, when Call/Put is high, it means that the market is heavily trading calls; when Call/Put is low, it means that the market is heavily trading puts. Also, think that most trades are buys. Note: The high/low level here can be defined by the tigers based on your own investment experience and specific targets. As shown in the options of COIN below, when the Call/Put Ratio continues to rise, it means that the market is becoming more and more optimistic, and the stock price may rise. But in practical scenarios, it can also be us","listText":"1.What is Call/Put Ratio Call/Put Ratio displays the ratio of all calls and all puts in real-time. 2.How to use Call/Put Ratio Call/Put Ratio is a classic option technical indicator used to analyze and judge the current market sentiment changes: As a general rule of thumb, when Call/Put is high, it means that the market is heavily trading calls; when Call/Put is low, it means that the market is heavily trading puts. Also, think that most trades are buys. Note: The high/low level here can be defined by the tigers based on your own investment experience and specific targets. As shown in the options of COIN below, when the Call/Put Ratio continues to rise, it means that the market is becoming more and more optimistic, and the stock price may rise. But in practical scenarios, it can also be us","text":"1.What is Call/Put Ratio Call/Put Ratio displays the ratio of all calls and all puts in real-time. 2.How to use Call/Put Ratio Call/Put Ratio is a classic option technical indicator used to analyze and judge the current market sentiment changes: As a general rule of thumb, when Call/Put is high, it means that the market is heavily trading calls; when Call/Put is low, it means that the market is heavily trading puts. Also, think that most trades are buys. Note: The high/low level here can be defined by the tigers based on your own investment experience and specific targets. As shown in the options of COIN below, when the Call/Put Ratio continues to rise, it means that the market is becoming more and more optimistic, and the stock price may rise. But in practical scenarios, it can also be us","images":[{"img":"https://community-static.tradeup.com/news/10db5345d28ce5b4292bd438aa69415e","width":"2129","height":"951"},{"img":"https://community-static.tradeup.com/news/84a2b429d9244d26c8e0a50f515d99c4","width":"1125","height":"1459"},{"img":"https://community-static.tradeup.com/news/f6ec4c3d569e15cc6e0331b697e8ca46","width":"1092","height":"1470"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9081467644","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":639,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":457541822095448,"gmtCreate":1752704966342,"gmtModify":1752704968663,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/457541822095448","repostId":"457323459138144","repostType":1,"repost":{"id":457323459138144,"gmtCreate":1752674888610,"gmtModify":1752674891988,"author":{"id":"3573976216768090","authorId":"3573976216768090","name":"3nn","avatar":"https://static.tigerbbs.com/303b8f037330070d95adf2f11d86d23a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573976216768090","idStr":"3573976216768090"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a> how many caught the bag at $10.20 and above 😅 Best is not to touch this and let those holding since 2021 continue holding it","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a> how many caught the bag at $10.20 and above 😅 Best is not to touch this and let those holding since 2021 continue holding it","text":"$Tiger Brokers(TIGR)$ how many caught the bag at $10.20 and above 😅 Best is not to touch this and let those holding since 2021 continue holding it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/457323459138144","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":763,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":457391707930952,"gmtCreate":1752704878367,"gmtModify":1752704880217,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/457391707930952","repostId":"457023068123376","repostType":1,"repost":{"id":457023068123376,"gmtCreate":1752614795739,"gmtModify":1752705002287,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3559581955535845","idStr":"3559581955535845"},"themes":[],"htmlText":"🌟🌟🌟Bitcoin took a hit today as 3 major crypto bills backed by Trump failed to pass.&nbsp; This has triggered a sell off across the crypto markets. However I believe that this is just a temporary setback and Bitcoin will bounce again.&nbsp; Great time to go bargain hunting. <a href=\"https://ttm.financial/U/3501196737273098\"> @Tiger_comments </a><a href=\"https://ttm.financial/U/9000000000000149\"> @TigerStars </a><a href=\"https://ttm.financial/U/4106547232749330\"> @Tiger_SG </a><a href=\"https://ttm.financial/U/3527667618000160\"> @CaptainTiger</a>","listText":"🌟🌟🌟Bitcoin took a hit today as 3 major crypto bills backed by Trump failed to pass.&nbsp; This has triggered a sell off across the crypto markets. However I believe that this is just a temporary setback and Bitcoin will bounce again.&nbsp; Great time to go bargain hunting. <a href=\"https://ttm.financial/U/3501196737273098\"> @Tiger_comments </a><a href=\"https://ttm.financial/U/9000000000000149\"> @TigerStars </a><a href=\"https://ttm.financial/U/4106547232749330\"> @Tiger_SG </a><a href=\"https://ttm.financial/U/3527667618000160\"> @CaptainTiger</a>","text":"🌟🌟🌟Bitcoin took a hit today as 3 major crypto bills backed by Trump failed to pass. This has triggered a sell off across the crypto markets. However I believe that this is just a temporary setback and Bitcoin will bounce again. Great time to go bargain hunting. @Tiger_comments @TigerStars @Tiger_SG @CaptainTiger","images":[{"img":"https://community-static.tradeup.com/news/5453b3b56d0b6ef43bde9a63d3837acc"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/457023068123376","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":633,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":450734667022640,"gmtCreate":1751068443027,"gmtModify":1751068445576,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/450734667022640","repostId":"450727247278256","repostType":1,"repost":{"id":450727247278256,"gmtCreate":1751066349377,"gmtModify":1751067814878,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3559581955535845","idStr":"3559581955535845"},"themes":[],"title":"The Latest HK SDRs - Why JD.com, SMCI & PetroChina Could Supercharge Your Portfolio ","htmlText":"🌟🌟🌟The Singapore Stock Exchange has just introduced 3 new Hong Kong and 3 new Thai Singapore Depository Receipts (SDRs) on 23 June. &nbsp;I am super excited about the 3 latest Hong Kong SDRs&nbsp; - JD.com, SMIC&nbsp;and PetroChina as they are gateways to China's innovation, consumption and energy future.&nbsp; All 3 SDRs are accessible from the SGX with SGD pricing and low entry barriers of under SGD 250. JD.com - The Undervalued Titan of China's AI Driven ECommerce JD.com&nbsp;<a href=\"https://ttm.financial/S/HJDD.SI\">$JD HK SDR 10to1(HJDD.SI)$ </a> is China's second largest ECommerce platform, operating a fully integrated logistics network.&nbsp; It also runs JD Health, JD Logistics and JD Property, giving it a diversified tech retail ecosystem. Q1 FY25 Highlights - Revenue is RMB301.1","listText":"🌟🌟🌟The Singapore Stock Exchange has just introduced 3 new Hong Kong and 3 new Thai Singapore Depository Receipts (SDRs) on 23 June. &nbsp;I am super excited about the 3 latest Hong Kong SDRs&nbsp; - JD.com, SMIC&nbsp;and PetroChina as they are gateways to China's innovation, consumption and energy future.&nbsp; All 3 SDRs are accessible from the SGX with SGD pricing and low entry barriers of under SGD 250. JD.com - The Undervalued Titan of China's AI Driven ECommerce JD.com&nbsp;<a href=\"https://ttm.financial/S/HJDD.SI\">$JD HK SDR 10to1(HJDD.SI)$ </a> is China's second largest ECommerce platform, operating a fully integrated logistics network.&nbsp; It also runs JD Health, JD Logistics and JD Property, giving it a diversified tech retail ecosystem. Q1 FY25 Highlights - Revenue is RMB301.1","text":"🌟🌟🌟The Singapore Stock Exchange has just introduced 3 new Hong Kong and 3 new Thai Singapore Depository Receipts (SDRs) on 23 June. I am super excited about the 3 latest Hong Kong SDRs - JD.com, SMIC and PetroChina as they are gateways to China's innovation, consumption and energy future. All 3 SDRs are accessible from the SGX with SGD pricing and low entry barriers of under SGD 250. JD.com - The Undervalued Titan of China's AI Driven ECommerce JD.com $JD HK SDR 10to1(HJDD.SI)$ is China's second largest ECommerce platform, operating a fully integrated logistics network. It also runs JD Health, JD Logistics and JD Property, giving it a diversified tech retail ecosystem. Q1 FY25 Highlights - Revenue is RMB301.1","images":[{"img":"https://community-static.tradeup.com/news/549cb30955072827f0f0a29fe3b66a78","width":"1080","height":"2340"},{"img":"https://community-static.tradeup.com/news/b1681f57d7425fd2061c47d36ea0da62","width":"1080","height":"2340"},{"img":"https://community-static.tradeup.com/news/db602ba6ddd4bb0631f866b42a3f8584","width":"1080","height":"2340"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/450727247278256","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":960,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":450734416822576,"gmtCreate":1751068381943,"gmtModify":1751068384305,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/450734416822576","repostId":"450359223816513","repostType":1,"repost":{"id":450359223816513,"gmtCreate":1750979616135,"gmtModify":1750979625795,"author":{"id":"4180241841877492","authorId":"4180241841877492","name":"ARKK Investment Tracker","avatar":"https://community-static.tradeup.com/news/3f5229c0ae74f578f94958dbdf9cbd02","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4180241841877492","idStr":"4180241841877492"},"themes":[],"htmlText":"ARKK Investment Tracker position change: Increased position in Circle Internet Corp. by 70,231 shares, the number of shares held increased 4.25% compared to the previous period and now represents 5.61% of the total position.","listText":"ARKK Investment Tracker position change: Increased position in Circle Internet Corp. by 70,231 shares, the number of shares held increased 4.25% compared to the previous period and now represents 5.61% of the total position.","text":"ARKK Investment Tracker position change: Increased position in Circle Internet Corp. by 70,231 shares, the number of shares held increased 4.25% compared to the previous period and now represents 5.61% of the total position.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/450359223816513","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1302,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":450734085362520,"gmtCreate":1751068298662,"gmtModify":1751068301008,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3584067400460706","idStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/450734085362520","repostId":"450128320483736","repostType":1,"repost":{"id":450128320483736,"gmtCreate":1750916460922,"gmtModify":1751000402258,"author":{"id":"3573976216768090","authorId":"3573976216768090","name":"3nn","avatar":"https://static.tigerbbs.com/303b8f037330070d95adf2f11d86d23a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573976216768090","idStr":"3573976216768090"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a> careful manipulation. For months to years no movement suddenly all the theory and analysis. this counter was hyped all the way to $20 during Covid and crashed to $3. Then earlier this year after so many punters got stucked holding between $6-$8, a slight glimmer of hope appeared when China claimed to introduce stimulus but failed to provide details and it fell back to $7. Suddenly again now hype up...I would be cautious not to catch what those bagholders will be trying to dump between $10-$12, they held for years!&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a> careful manipulation. For months to years no movement suddenly all the theory and analysis. this counter was hyped all the way to $20 during Covid and crashed to $3. Then earlier this year after so many punters got stucked holding between $6-$8, a slight glimmer of hope appeared when China claimed to introduce stimulus but failed to provide details and it fell back to $7. Suddenly again now hype up...I would be cautious not to catch what those bagholders will be trying to dump between $10-$12, they held for years!&nbsp;","text":"$Tiger Brokers(TIGR)$ careful manipulation. For months to years no movement suddenly all the theory and analysis. this counter was hyped all the way to $20 during Covid and crashed to $3. Then earlier this year after so many punters got stucked holding between $6-$8, a slight glimmer of hope appeared when China claimed to introduce stimulus but failed to provide details and it fell back to $7. Suddenly again now hype up...I would be cautious not to catch what those bagholders will be trying to dump between $10-$12, they held for years!","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/450128320483736","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":772,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":450740598067608,"gmtCreate":1751069978405,"gmtModify":1751069980648,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3584067400460706","authorIdStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/450740598067608","repostId":"9081561947","repostType":1,"repost":{"id":9081561947,"gmtCreate":1650254004197,"gmtModify":1740631677875,"author":{"id":"3562804614994746","authorId":"3562804614994746","name":"TigerFeatures","avatar":"https://static.tigerbbs.com/5a8e4414a77df621346870c2f7e7cab7","crmLevel":0,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562804614994746","authorIdStr":"3562804614994746"},"themes":[],"title":"【Valuation Analysis】Description","htmlText":"\"Valuation Analysis\" selects relative valuation indicators \"price-earnings ratio, price-to-book ratio, and price-to-sales ratio\", observes the change and location of the valuation of the target itself over some time, and compares it with the valuation of the industry in which the target is located. Get the current valuation status of the target and provide a reference for investors.In addition, Tiger also provides an additional characteristic valuation metric - the forecast price/earnings ratio. 1.Characteristic valuation indicators - Forecast price/earnings ratio The predicted price-to-earnings ratio plays an important role in investment decision-making and market analysis, providing investors with multiple reference points to assist them in making reasonable investment decisions. Predict","listText":"\"Valuation Analysis\" selects relative valuation indicators \"price-earnings ratio, price-to-book ratio, and price-to-sales ratio\", observes the change and location of the valuation of the target itself over some time, and compares it with the valuation of the industry in which the target is located. Get the current valuation status of the target and provide a reference for investors.In addition, Tiger also provides an additional characteristic valuation metric - the forecast price/earnings ratio. 1.Characteristic valuation indicators - Forecast price/earnings ratio The predicted price-to-earnings ratio plays an important role in investment decision-making and market analysis, providing investors with multiple reference points to assist them in making reasonable investment decisions. Predict","text":"\"Valuation Analysis\" selects relative valuation indicators \"price-earnings ratio, price-to-book ratio, and price-to-sales ratio\", observes the change and location of the valuation of the target itself over some time, and compares it with the valuation of the industry in which the target is located. Get the current valuation status of the target and provide a reference for investors.In addition, Tiger also provides an additional characteristic valuation metric - the forecast price/earnings ratio. 1.Characteristic valuation indicators - Forecast price/earnings ratio The predicted price-to-earnings ratio plays an important role in investment decision-making and market analysis, providing investors with multiple reference points to assist them in making reasonable investment decisions. Predict","images":[{"img":"https://community-static.tradeup.com/news/cb02fce1ae968c1efc5449da7d0b16c7","width":"1290","height":"2796"},{"img":"https://community-static.tradeup.com/news/18444461477c26d7330a747b69bf8d64","width":"830","height":"1154"},{"img":"https://community-static.tradeup.com/news/1dd43ec95c2fa801a7b12b204dc5144b","width":"668","height":"930"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9081561947","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":7,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":450734667022640,"gmtCreate":1751068443027,"gmtModify":1751068445576,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3584067400460706","authorIdStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/450734667022640","repostId":"450727247278256","repostType":1,"repost":{"id":450727247278256,"gmtCreate":1751066349377,"gmtModify":1751067814878,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3559581955535845","authorIdStr":"3559581955535845"},"themes":[],"title":"The Latest HK SDRs - Why JD.com, SMCI & PetroChina Could Supercharge Your Portfolio ","htmlText":"🌟🌟🌟The Singapore Stock Exchange has just introduced 3 new Hong Kong and 3 new Thai Singapore Depository Receipts (SDRs) on 23 June. &nbsp;I am super excited about the 3 latest Hong Kong SDRs&nbsp; - JD.com, SMIC&nbsp;and PetroChina as they are gateways to China's innovation, consumption and energy future.&nbsp; All 3 SDRs are accessible from the SGX with SGD pricing and low entry barriers of under SGD 250. JD.com - The Undervalued Titan of China's AI Driven ECommerce JD.com&nbsp;<a href=\"https://ttm.financial/S/HJDD.SI\">$JD HK SDR 10to1(HJDD.SI)$ </a> is China's second largest ECommerce platform, operating a fully integrated logistics network.&nbsp; It also runs JD Health, JD Logistics and JD Property, giving it a diversified tech retail ecosystem. Q1 FY25 Highlights - Revenue is RMB301.1","listText":"🌟🌟🌟The Singapore Stock Exchange has just introduced 3 new Hong Kong and 3 new Thai Singapore Depository Receipts (SDRs) on 23 June. &nbsp;I am super excited about the 3 latest Hong Kong SDRs&nbsp; - JD.com, SMIC&nbsp;and PetroChina as they are gateways to China's innovation, consumption and energy future.&nbsp; All 3 SDRs are accessible from the SGX with SGD pricing and low entry barriers of under SGD 250. JD.com - The Undervalued Titan of China's AI Driven ECommerce JD.com&nbsp;<a href=\"https://ttm.financial/S/HJDD.SI\">$JD HK SDR 10to1(HJDD.SI)$ </a> is China's second largest ECommerce platform, operating a fully integrated logistics network.&nbsp; It also runs JD Health, JD Logistics and JD Property, giving it a diversified tech retail ecosystem. Q1 FY25 Highlights - Revenue is RMB301.1","text":"🌟🌟🌟The Singapore Stock Exchange has just introduced 3 new Hong Kong and 3 new Thai Singapore Depository Receipts (SDRs) on 23 June. I am super excited about the 3 latest Hong Kong SDRs - JD.com, SMIC and PetroChina as they are gateways to China's innovation, consumption and energy future. All 3 SDRs are accessible from the SGX with SGD pricing and low entry barriers of under SGD 250. JD.com - The Undervalued Titan of China's AI Driven ECommerce JD.com $JD HK SDR 10to1(HJDD.SI)$ is China's second largest ECommerce platform, operating a fully integrated logistics network. It also runs JD Health, JD Logistics and JD Property, giving it a diversified tech retail ecosystem. Q1 FY25 Highlights - Revenue is RMB301.1","images":[{"img":"https://community-static.tradeup.com/news/549cb30955072827f0f0a29fe3b66a78","width":"1080","height":"2340"},{"img":"https://community-static.tradeup.com/news/b1681f57d7425fd2061c47d36ea0da62","width":"1080","height":"2340"},{"img":"https://community-static.tradeup.com/news/db602ba6ddd4bb0631f866b42a3f8584","width":"1080","height":"2340"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/450727247278256","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":960,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":513950915862768,"gmtCreate":1766506679160,"gmtModify":1766506681754,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3584067400460706","authorIdStr":"3584067400460706"},"themes":[],"title":"","htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/513950915862768","repostId":"1148588235","repostType":2,"repost":{"id":"1148588235","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1766486042,"share":"https://ttm.financial/m/news/1148588235?lang=en_US&edition=fundamental","pubTime":"2025-12-23 18:34","market":"us","language":"en","title":"Beyond Chatbots: Google Bets on \"World Models\" to Make Smart Glasses the Next AI Killer App","url":"https://stock-news.laohu8.com/highlight/detail?id=1148588235","media":"Deep News","summary":"Alphabet is shifting its AI strategy to move beyond the chatbot paradigm currently dominating the industry, placing a strategic bet on \"world models\" that understand physical environments to achieve...","content":"<p>Alphabet is shifting its AI strategy to move beyond the chatbot paradigm currently dominating the industry, placing a strategic bet on \"world models\" that understand physical environments to achieve the next qualitative leap in artificial intelligence.</p>\n<p>The company plans to launch new AI-powered smart glasses in 2026, developed in partnership with Samsung, which will leverage world model technology to differentiate from competitors like Meta. Unlike rival products that merely describe camera feeds, these glasses aim to comprehend 3D spaces, physical object relationships, and environmental dynamics. This marks a crucial product initiative by Demis Hassabis that could rehabilitate Alphabet's reputation in wearable tech while setting new industry standards.</p>\n<p>The move comes as Alphabet regains ground in the AI race. With the successful launch of Gemini 3 topping performance benchmarks and rapidly closing the user gap with OpenAI, the company has forced competitors to declare \"code red\" responses. Though ChatGPT maintains enterprise and first-mover advantages, Alphabet's vast resources and dual-track technical approach are reshaping the competitive landscape.</p>\n<p>Market analysts suggest that commercially successful world model glasses would represent more than hardware revival—they could signal AI's paradigm shift from language processing to physical world interaction. For investors, this tests both Alphabet's ability to find AI's killer application and Hassabis' transition from Nobel-caliber scientist to architect of the company's next era.</p>\n<p>### Beyond Chatbots: The World Model Gambit\nIn Alphabet's strategic vision, large language models (LLMs) like ChatGPT aren't the sole path to AGI. While OpenAI and Meta's Zuckerberg pour billions into chatbot development, Hassabis maintains that world models trained on physical environments will drive AI's next breakthrough.</p>\n<p>This philosophical divide is emerging industry-wide. Hassabis advocates for AI with physical world understanding, exemplified by Project Astra's focus on object movement and spatial relationships. By contrast, Meta's former AI chief Yann LeCun departed over strategic disagreements despite sharing similar views. As rivals chase super-intelligent chatbots, Alphabet is hedge-funding its bets across both existing and potentially paradigm-shifting technologies.</p>\n<p>### Gemini's Comeback and Organizational Overhaul\nTo gain competitive edge, Alphabet CEO Sundar Pichai consolidated two AI divisions under Hassabis in 2023, resolving longstanding internal conflicts. In August 2024, the company reportedly spent $2.7 billion to rehire Transformer co-inventor Noam Shazeer, whose earlier departure stemmed from disagreements over chatbot development.</p>\n<p>Shazeer's return proved pivotal—as Gemini's co-technical lead, he identified and fixed critical architecture flaws, dramatically improving training efficiency. These optimizations contributed to Gemini 3 outperforming ChatGPT in benchmarks while achieving 650 million monthly active users, plus approximately 2 billion users through Google Search integration.</p>\n<p>Though less personally invested in LLMs than Shazeer, Hassabis has skillfully reconciled divergent approaches to reposition Alphabet at the AI forefront. \"While part of him cares deeply about science, an equally important part cares about winning,\" observes Sebastian Mallaby, author of Hassabis' biography.</p>\n<p>### The Killer App Test: Smart Glasses' Commercial Challenge\nDespite Gemini's progress, Alphabet faces mounting commercialization pressure. With delayed enterprise offerings and research breakthroughs like AlphaFold yet to yield FDA-approved drugs, the company urgently needs non-advertising revenue streams. The 2026 smart glasses launch carries these expectations.</p>\n<p>The Samsung-collaborated device will reportedly feature lens displays for navigation and translation. Crucially, successful world model integration could enable features like object memory (\"Where are my keys?\"), 3D environment comprehension, and dynamic prediction—creating generational differentiation from Meta's Ray-Ban glasses, which lack deep physical world processing.</p>\n<p>Should these glasses succeed, they could redeem Alphabet's Google Glass legacy while establishing true AI leadership in next-gen computing platforms.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Beyond Chatbots: Google Bets on \"World Models\" to Make Smart Glasses the Next AI Killer App</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBeyond Chatbots: Google Bets on \"World Models\" to Make Smart Glasses the Next AI Killer App\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2025-12-23 18:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Alphabet is shifting its AI strategy to move beyond the chatbot paradigm currently dominating the industry, placing a strategic bet on \"world models\" that understand physical environments to achieve the next qualitative leap in artificial intelligence.</p>\n<p>The company plans to launch new AI-powered smart glasses in 2026, developed in partnership with Samsung, which will leverage world model technology to differentiate from competitors like Meta. Unlike rival products that merely describe camera feeds, these glasses aim to comprehend 3D spaces, physical object relationships, and environmental dynamics. This marks a crucial product initiative by Demis Hassabis that could rehabilitate Alphabet's reputation in wearable tech while setting new industry standards.</p>\n<p>The move comes as Alphabet regains ground in the AI race. With the successful launch of Gemini 3 topping performance benchmarks and rapidly closing the user gap with OpenAI, the company has forced competitors to declare \"code red\" responses. Though ChatGPT maintains enterprise and first-mover advantages, Alphabet's vast resources and dual-track technical approach are reshaping the competitive landscape.</p>\n<p>Market analysts suggest that commercially successful world model glasses would represent more than hardware revival—they could signal AI's paradigm shift from language processing to physical world interaction. For investors, this tests both Alphabet's ability to find AI's killer application and Hassabis' transition from Nobel-caliber scientist to architect of the company's next era.</p>\n<p>### Beyond Chatbots: The World Model Gambit\nIn Alphabet's strategic vision, large language models (LLMs) like ChatGPT aren't the sole path to AGI. While OpenAI and Meta's Zuckerberg pour billions into chatbot development, Hassabis maintains that world models trained on physical environments will drive AI's next breakthrough.</p>\n<p>This philosophical divide is emerging industry-wide. Hassabis advocates for AI with physical world understanding, exemplified by Project Astra's focus on object movement and spatial relationships. By contrast, Meta's former AI chief Yann LeCun departed over strategic disagreements despite sharing similar views. As rivals chase super-intelligent chatbots, Alphabet is hedge-funding its bets across both existing and potentially paradigm-shifting technologies.</p>\n<p>### Gemini's Comeback and Organizational Overhaul\nTo gain competitive edge, Alphabet CEO Sundar Pichai consolidated two AI divisions under Hassabis in 2023, resolving longstanding internal conflicts. In August 2024, the company reportedly spent $2.7 billion to rehire Transformer co-inventor Noam Shazeer, whose earlier departure stemmed from disagreements over chatbot development.</p>\n<p>Shazeer's return proved pivotal—as Gemini's co-technical lead, he identified and fixed critical architecture flaws, dramatically improving training efficiency. These optimizations contributed to Gemini 3 outperforming ChatGPT in benchmarks while achieving 650 million monthly active users, plus approximately 2 billion users through Google Search integration.</p>\n<p>Though less personally invested in LLMs than Shazeer, Hassabis has skillfully reconciled divergent approaches to reposition Alphabet at the AI forefront. \"While part of him cares deeply about science, an equally important part cares about winning,\" observes Sebastian Mallaby, author of Hassabis' biography.</p>\n<p>### The Killer App Test: Smart Glasses' Commercial Challenge\nDespite Gemini's progress, Alphabet faces mounting commercialization pressure. With delayed enterprise offerings and research breakthroughs like AlphaFold yet to yield FDA-approved drugs, the company urgently needs non-advertising revenue streams. The 2026 smart glasses launch carries these expectations.</p>\n<p>The Samsung-collaborated device will reportedly feature lens displays for navigation and translation. Crucially, successful world model integration could enable features like object memory (\"Where are my keys?\"), 3D environment comprehension, and dynamic prediction—creating generational differentiation from Meta's Ray-Ban glasses, which lack deep physical world processing.</p>\n<p>Should these glasses succeed, they could redeem Alphabet's Google Glass legacy while establishing true AI leadership in next-gen computing platforms.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0072462426.USD":"贝莱德全球配置 A2","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU2860962120.EUR":"CPR INVEST - 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Unlike rival products that merely describe camera feeds, these glasses aim to comprehend 3D spaces, physical object relationships, and environmental dynamics. This marks a crucial product initiative by Demis Hassabis that could rehabilitate Alphabet's reputation in wearable tech while setting new industry standards.\nThe move comes as Alphabet regains ground in the AI race. With the successful launch of Gemini 3 topping performance benchmarks and rapidly closing the user gap with OpenAI, the company has forced competitors to declare \"code red\" responses. Though ChatGPT maintains enterprise and first-mover advantages, Alphabet's vast resources and dual-track technical approach are reshaping the competitive landscape.\nMarket analysts suggest that commercially successful world model glasses would represent more than hardware revival—they could signal AI's paradigm shift from language processing to physical world interaction. For investors, this tests both Alphabet's ability to find AI's killer application and Hassabis' transition from Nobel-caliber scientist to architect of the company's next era.\n### Beyond Chatbots: The World Model Gambit\nIn Alphabet's strategic vision, large language models (LLMs) like ChatGPT aren't the sole path to AGI. While OpenAI and Meta's Zuckerberg pour billions into chatbot development, Hassabis maintains that world models trained on physical environments will drive AI's next breakthrough.\nThis philosophical divide is emerging industry-wide. Hassabis advocates for AI with physical world understanding, exemplified by Project Astra's focus on object movement and spatial relationships. By contrast, Meta's former AI chief Yann LeCun departed over strategic disagreements despite sharing similar views. As rivals chase super-intelligent chatbots, Alphabet is hedge-funding its bets across both existing and potentially paradigm-shifting technologies.\n### Gemini's Comeback and Organizational Overhaul\nTo gain competitive edge, Alphabet CEO Sundar Pichai consolidated two AI divisions under Hassabis in 2023, resolving longstanding internal conflicts. In August 2024, the company reportedly spent $2.7 billion to rehire Transformer co-inventor Noam Shazeer, whose earlier departure stemmed from disagreements over chatbot development.\nShazeer's return proved pivotal—as Gemini's co-technical lead, he identified and fixed critical architecture flaws, dramatically improving training efficiency. These optimizations contributed to Gemini 3 outperforming ChatGPT in benchmarks while achieving 650 million monthly active users, plus approximately 2 billion users through Google Search integration.\nThough less personally invested in LLMs than Shazeer, Hassabis has skillfully reconciled divergent approaches to reposition Alphabet at the AI forefront. \"While part of him cares deeply about science, an equally important part cares about winning,\" observes Sebastian Mallaby, author of Hassabis' biography.\n### The Killer App Test: Smart Glasses' Commercial Challenge\nDespite Gemini's progress, Alphabet faces mounting commercialization pressure. With delayed enterprise offerings and research breakthroughs like AlphaFold yet to yield FDA-approved drugs, the company urgently needs non-advertising revenue streams. The 2026 smart glasses launch carries these expectations.\nThe Samsung-collaborated device will reportedly feature lens displays for navigation and translation. Crucially, successful world model integration could enable features like object memory (\"Where are my keys?\"), 3D environment comprehension, and dynamic prediction—creating generational differentiation from Meta's Ray-Ban glasses, which lack deep physical world processing.\nShould these glasses succeed, they could redeem Alphabet's Google Glass legacy while establishing true AI leadership in next-gen computing platforms.","news_type":1,"symbols_score_info":{"GOOGL":1,"USJW.SI":1}},"isVote":1,"tweetType":1,"viewCount":605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":481707902693456,"gmtCreate":1758638385792,"gmtModify":1758638389258,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3584067400460706","authorIdStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/481707902693456","repostId":"2569153697","repostType":2,"repost":{"id":"2569153697","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1758637839,"share":"https://ttm.financial/m/news/2569153697?lang=en_US&edition=fundamental","pubTime":"2025-09-23 22:30","market":"fut","language":"en","title":"Baidu or Alibaba? Why This Is the Stock to Play China's AI Boom","url":"https://stock-news.laohu8.com/highlight/detail?id=2569153697","media":"Dow Jones","summary":"Baidu is among the Chinese tech stocks that have rallied this year amid optimism over artificial intelligence -- an upward trend line that looks to buck years of rocky performance from regulatory and growth challenges.Shares in Baidu are up more than 65% in 2025, closing near $137 on Monday, though the stock slipped 2% in Tuesday's premarket. Crashing from peaks above $300 in early 2021, Baidu stock has spent much of the time since wallowing between $80 and $150, but hasn't traded this high in two years.While Baidu has recently been outperforming its tech and AI rival Alibaba -- rallying almost 50% in the past month compared with Alibaba's 32% -- the latter company may be a better pick, analysts at Nomura said over the weekend.\"Alibaba is a more attractive alternative,\" analysts Jialong Shi and Rachel Guo wrote in a note. They rate Baidu at Neutral with a price target of $135.Nomura rates Alibaba at Buy with a price target of $170. The stock clos","content":"<html><head></head><body><p>Nomura rates Alibaba at Buy with a price target of $170. The stock rose 2% in morning trading. Nomura rates Baidu at Neutral with a price target of $135. Baidu stock slipped 5% in Tuesday&#39;s morning trading</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e662a5f0dc47c1147e8a5d929d8846d1\" title=\"\" tg-width=\"316\" tg-height=\"95\"/></p><p><a href=\"https://laohu8.com/S/09888\">Baidu</a> is among the Chinese tech stocks that have rallied this year amid optimism over artificial intelligence -- an upward trend line that looks to buck years of rocky performance from regulatory and growth challenges.</p><p>Crashing from peaks above $300 in early 2021, Baidu stock has spent much of the time since wallowing between $80 and $150, but hasn&#39;t traded this high in two years.</p><p>While Baidu has recently been outperforming its tech and AI rival Alibaba -- rallying almost 50% in the past month compared with Alibaba&#39;s 32% -- the latter company may be a better pick, analysts at Nomura said over the weekend.</p><p>&#34;Alibaba is a more attractive alternative,&#34; analysts Jialong Shi and Rachel Guo wrote in a note.</p><p>The crux of the Nomura thesis is that, while Baidu&#39;s chips business -- central to AI -- is promising, its core search and advertising business faces headwinds from the very AI boom that has boosted the stock. Baidu is frequently compared with Alphabet and called China&#39;s answer to Google.</p><p>&#34;[Baidu&#39;s chips arm] KLX and [Alibaba&#39;s] T-head are both among the top domestic chip designers in terms of knowhow and performance of their chips,&#34; Shi and Guo wrote. &#34;We believe both KLX and T-head will likely benefit from the rising inference demand of Chinese LLMs in view of tightening scrutiny by the China government over purchasing overseas chips.&#34;</p><p>However, Nomura sees the headwinds facing Baidu&#39;s search and ads business potentially canceling out tailwinds for the stock from AI and chips.</p><p>&#34;Unlike its U.S. search peer, Google, Baidu&#39;s footing in the traditional search market had already been significantly weakened even before the rapid emergence of AI search,&#34; the Nomura analysts wrote, pointing to the internet landscape in China, where much mobile activity occurs within third-party apps that Baidu cannot easily penetrate -- such as WeChat.</p><p>The emergence of AI-driven search is another threat to Baidu, the team at Nomura said, with competitors such as Tencent and Alibaba growing their own in-house AI search capabilities. While Baidu has leaned into AI search, which Nomura views as the right strategy for user retention, it is coming at the expense of key revenue from search engine ads.</p><p>&#34;We are concerned that Baidu&#39;s intensified efforts to push into AI search so far does not seem to have helped to arrest the loss of its search app&#39;s users and time spent...which might suggest Baidu&#39;s AI search has failed to generate the desired traction with users,&#34; Shi and Guo wrote. &#34;We believe Alibaba stock offers more appealing risk reward vs. Baidu at current price levels.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Baidu or Alibaba? Why This Is the Stock to Play China's AI Boom</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu or Alibaba? Why This Is the Stock to Play China's AI Boom\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-09-23 22:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Nomura rates Alibaba at Buy with a price target of $170. The stock rose 2% in morning trading. Nomura rates Baidu at Neutral with a price target of $135. Baidu stock slipped 5% in Tuesday&#39;s morning trading</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e662a5f0dc47c1147e8a5d929d8846d1\" title=\"\" tg-width=\"316\" tg-height=\"95\"/></p><p><a href=\"https://laohu8.com/S/09888\">Baidu</a> is among the Chinese tech stocks that have rallied this year amid optimism over artificial intelligence -- an upward trend line that looks to buck years of rocky performance from regulatory and growth challenges.</p><p>Crashing from peaks above $300 in early 2021, Baidu stock has spent much of the time since wallowing between $80 and $150, but hasn&#39;t traded this high in two years.</p><p>While Baidu has recently been outperforming its tech and AI rival Alibaba -- rallying almost 50% in the past month compared with Alibaba&#39;s 32% -- the latter company may be a better pick, analysts at Nomura said over the weekend.</p><p>&#34;Alibaba is a more attractive alternative,&#34; analysts Jialong Shi and Rachel Guo wrote in a note.</p><p>The crux of the Nomura thesis is that, while Baidu&#39;s chips business -- central to AI -- is promising, its core search and advertising business faces headwinds from the very AI boom that has boosted the stock. Baidu is frequently compared with Alphabet and called China&#39;s answer to Google.</p><p>&#34;[Baidu&#39;s chips arm] KLX and [Alibaba&#39;s] T-head are both among the top domestic chip designers in terms of knowhow and performance of their chips,&#34; Shi and Guo wrote. &#34;We believe both KLX and T-head will likely benefit from the rising inference demand of Chinese LLMs in view of tightening scrutiny by the China government over purchasing overseas chips.&#34;</p><p>However, Nomura sees the headwinds facing Baidu&#39;s search and ads business potentially canceling out tailwinds for the stock from AI and chips.</p><p>&#34;Unlike its U.S. search peer, Google, Baidu&#39;s footing in the traditional search market had already been significantly weakened even before the rapid emergence of AI search,&#34; the Nomura analysts wrote, pointing to the internet landscape in China, where much mobile activity occurs within third-party apps that Baidu cannot easily penetrate -- such as WeChat.</p><p>The emergence of AI-driven search is another threat to Baidu, the team at Nomura said, with competitors such as Tencent and Alibaba growing their own in-house AI search capabilities. While Baidu has leaned into AI search, which Nomura views as the right strategy for user retention, it is coming at the expense of key revenue from search engine ads.</p><p>&#34;We are concerned that Baidu&#39;s intensified efforts to push into AI search so far does not seem to have helped to arrest the loss of its search app&#39;s users and time spent...which might suggest Baidu&#39;s AI search has failed to generate the desired traction with users,&#34; Shi and Guo wrote. &#34;We believe Alibaba stock offers more appealing risk reward vs. Baidu at current price levels.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0261947096.USD":"FIDELITY FUNDS  SUSTAINABLE ASIA EQUITY \"A\" (USD) ACC","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","SG9999002232.USD":"Allianz Global High Payout USD","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","LU0348783233.USD":"安联东方收入型 CI A Dis美元","LU0072462426.USD":"贝莱德全球配置 A2","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1568876251.USD":"ALLIANZ CHINA MULTI INCOME PLUS \"AMG\" (USD) INC","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","LU1917777945.USD":"安联专题基金Cl AT Acc","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU1226287792.SGD":"UBS (LUX) KEY SEL S-CHINA ALLOCATION OPP \"P\" (SGDHDG) INC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU1046421795.USD":"富达环球科技A-ACC","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","BABA":"阿里巴巴","LU0210527791.USD":"JPM ASIA PACIFIC INCOME \"A\" (USD) ACC","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","LU2077746001.SGD":"Blackrock ESG Multi-Asset A2 SGD-H","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","BIDU":"百度","BK4565":"NFT概念","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU0072462343.USD":"贝莱德亚洲巨龙基金","BK4561":"索罗斯持仓","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU1282651048.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (USD) INC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","BK1608":"元宇宙概念"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2569153697","content_text":"Nomura rates Alibaba at Buy with a price target of $170. The stock rose 2% in morning trading. Nomura rates Baidu at Neutral with a price target of $135. Baidu stock slipped 5% in Tuesday's morning tradingBaidu is among the Chinese tech stocks that have rallied this year amid optimism over artificial intelligence -- an upward trend line that looks to buck years of rocky performance from regulatory and growth challenges.Crashing from peaks above $300 in early 2021, Baidu stock has spent much of the time since wallowing between $80 and $150, but hasn't traded this high in two years.While Baidu has recently been outperforming its tech and AI rival Alibaba -- rallying almost 50% in the past month compared with Alibaba's 32% -- the latter company may be a better pick, analysts at Nomura said over the weekend.\"Alibaba is a more attractive alternative,\" analysts Jialong Shi and Rachel Guo wrote in a note.The crux of the Nomura thesis is that, while Baidu's chips business -- central to AI -- is promising, its core search and advertising business faces headwinds from the very AI boom that has boosted the stock. Baidu is frequently compared with Alphabet and called China's answer to Google.\"[Baidu's chips arm] KLX and [Alibaba's] T-head are both among the top domestic chip designers in terms of knowhow and performance of their chips,\" Shi and Guo wrote. \"We believe both KLX and T-head will likely benefit from the rising inference demand of Chinese LLMs in view of tightening scrutiny by the China government over purchasing overseas chips.\"However, Nomura sees the headwinds facing Baidu's search and ads business potentially canceling out tailwinds for the stock from AI and chips.\"Unlike its U.S. search peer, Google, Baidu's footing in the traditional search market had already been significantly weakened even before the rapid emergence of AI search,\" the Nomura analysts wrote, pointing to the internet landscape in China, where much mobile activity occurs within third-party apps that Baidu cannot easily penetrate -- such as WeChat.The emergence of AI-driven search is another threat to Baidu, the team at Nomura said, with competitors such as Tencent and Alibaba growing their own in-house AI search capabilities. While Baidu has leaned into AI search, which Nomura views as the right strategy for user retention, it is coming at the expense of key revenue from search engine ads.\"We are concerned that Baidu's intensified efforts to push into AI search so far does not seem to have helped to arrest the loss of its search app's users and time spent...which might suggest Baidu's AI search has failed to generate the desired traction with users,\" Shi and Guo wrote. \"We believe Alibaba stock offers more appealing risk reward vs. Baidu at current price levels.\"","news_type":1,"symbols_score_info":{"BABA":1.1,"BIDU":1.1}},"isVote":1,"tweetType":1,"viewCount":1041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":479277021585984,"gmtCreate":1758038134621,"gmtModify":1758038138122,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3584067400460706","authorIdStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/479277021585984","repostId":"479297215348832","repostType":1,"repost":{"id":479297215348832,"gmtCreate":1758035635317,"gmtModify":1758035659119,"author":{"id":"4102740637684170","authorId":"4102740637684170","name":"OptionsDelta","avatar":"https://static.tigerbbs.com/b5ab2017d32f95a165639de659b21cd1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4102740637684170","authorIdStr":"4102740637684170"},"themes":[],"title":"Waiting for FOMC and Triple Witching","htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> This week, the price has held within the $395–435$ range.As mentioned yesterday, institutions rolled positions again: selling the $432.5$ and $435$ calls (<a href=\"https://ttm.financial/OPT/TSLA 20250919 435.0 CALL\">$TSLA 20250919 435.0 CALL$&nbsp;</a>), buying the $452.5$ and $455$ calls (<a href=\"https://ttm.financial/OPT/TSLA 20250919 455.0 CALL\">$TSLA 20250919 455.0 CALL$&nbsp;</a>). The odds of another short squeeze this week are low, so selling options expiring this week could be considered.There are also large put spreads to provide a floor: $410$ (<a href=\"https://ttm.financial/OPT/TSLA 20250919 410.0 PUT\">$TSLA 20250919 410.0 PUT$&nbsp;</a>) and $395$ (<a href=\"https://ttm.financial/OPT/TSLA 20250919 395.0 PUT\">$TSLA </a>","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a> This week, the price has held within the $395–435$ range.As mentioned yesterday, institutions rolled positions again: selling the $432.5$ and $435$ calls (<a href=\"https://ttm.financial/OPT/TSLA 20250919 435.0 CALL\">$TSLA 20250919 435.0 CALL$&nbsp;</a>), buying the $452.5$ and $455$ calls (<a href=\"https://ttm.financial/OPT/TSLA 20250919 455.0 CALL\">$TSLA 20250919 455.0 CALL$&nbsp;</a>). The odds of another short squeeze this week are low, so selling options expiring this week could be considered.There are also large put spreads to provide a floor: $410$ (<a href=\"https://ttm.financial/OPT/TSLA 20250919 410.0 PUT\">$TSLA 20250919 410.0 PUT$&nbsp;</a>) and $395$ (<a href=\"https://ttm.financial/OPT/TSLA 20250919 395.0 PUT\">$TSLA </a>","text":"$Tesla Motors(TSLA)$ This week, the price has held within the $395–435$ range.As mentioned yesterday, institutions rolled positions again: selling the $432.5$ and $435$ calls ($TSLA 20250919 435.0 CALL$ ), buying the $452.5$ and $455$ calls ($TSLA 20250919 455.0 CALL$ ). The odds of another short squeeze this week are low, so selling options expiring this week could be considered.There are also large put spreads to provide a floor: $410$ ($TSLA 20250919 410.0 PUT$ ) and $395$ ($TSLA","images":[{"img":"https://static.tigerbbs.com/a3752f504a5902e2c114f064e5482296","width":"1042","height":"1058"},{"img":"https://static.tigerbbs.com/3dd535c326d090bf41b420ba84c56946","width":"1040","height":"1024"},{"img":"https://static.tigerbbs.com/6acbbe9af66f3a6b1261e09be9385561","width":"2486","height":"150"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/479297215348832","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":8,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1019,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":475985904652464,"gmtCreate":1757234937556,"gmtModify":1757234941627,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3584067400460706","authorIdStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/475985904652464","repostId":"2565807548","repostType":2,"isVote":1,"tweetType":1,"viewCount":1252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":472738039919360,"gmtCreate":1756450254974,"gmtModify":1756450258779,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3584067400460706","authorIdStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/472738039919360","repostId":"2563018500","repostType":2,"repost":{"id":"2563018500","kind":"highlight","weMediaInfo":{"introduction":"Your One-Stop Financial Markets Platform","home_visible":1,"media_name":"TradingKey","id":"1041236214","head_image":"https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb"},"pubTimestamp":1756440345,"share":"https://ttm.financial/m/news/2563018500?lang=en_US&edition=fundamental","pubTime":"2025-08-29 12:05","market":"sh","language":"en","title":"Alibaba’s Friday Earnings to Crown China Tech’s Q2 Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=2563018500","media":"TradingKey","summary":"TradingKey - Names like JD.com, Pinduoduo, Tencent, and Alibaba represent the top-tier of Chinese tech stocks trading in the U.S. But their FY2025 Q2 earnings paint very different pictures.","content":"<html><body><p dir=\"ltr\"><span>TradingKey - Names like </span><span><a href=\"https://laohu8.com/S/JD\">JD</a>.com</span><span>, </span><span><a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a></span><span>, Tencent, and </span><span>Alibaba </span><span>represent the top-tier of Chinese tech stocks trading in the U.S. But their FY2025 Q2 earnings paint very different pictures.</span></p><p dir=\"ltr\"><span>Tencent delivered the most stable performance this quarter. Revenue from advertising and gaming continued to grow at a healthy pace with high profitability. Total Q2 revenue reached RMB 184.5 billion, up 15% year-over-year. Net income and EPS both climbed 20% year-over-year.</span></p><p dir=\"ltr\"><span>JD.com pulled in RMB 356.7 billion in revenue, up 22.4% YoY, but profits took a hit. The company’s aggressive investment in its food delivery business weighed heavily on bottom-line numbers. Net income dropped nearly 48% YoY, and EPS took a significant dive. While the food delivery push did help drive user activity and top line growth, it also applied serious short-term pressure on profit margins.</span></p><p dir=\"ltr\"><span>Pinduoduo (PDD) reported Q2 revenue of RMB 103.99 billion, a 7.1% increase YoY, but EPS fell 5%. On the earnings call, management reiterated that future growth could be unpredictable. That has investors watching closely, wondering how PDD will sustain meaningful progress in such a competitive environment.</span></p><p><img height=\"419\" src=\"https://resource.tradingkey.com/uploads/20250829/0d60aa03fb2247c4913b74cafb8955c60829_Alibaba_Earnings_optimized_150.png\" width=\"800\"/></p><p dir=\"ltr\"><span>Alibaba will report earnings on August 29. According to Bloomberg’s consensus estimates, Alibaba’s FY2026 Q1 revenue is expected to hit RMB 253.4 billion, a 4.2% YoY increase. Adjusted EPS, however, is forecast to dip 3.8% YoY to RMB 15.8, while profit margin is expected to slide to 15%.</span></p><p dir=\"ltr\"><span>The drop in profitability is widely attributed to Alibaba’s heavy spending on its “Flash Sale” business. Since announcing its RMB 50 billion subsidy initiative on July 2, daily orders from Taobao Flash Sale events have skyrocketed from 10 million to 80 million. But while the growth is impressive, this aggressive expansion strategy has come at the expense of sharply deteriorating margins in the Local Services division.</span></p><p dir=\"ltr\"><span>On the flip side, Alibaba Cloud is showing strong momentum. Analysts generally expect Q1 revenue from Alibaba’s Cloud Intelligence Group to hit RMB 32.5 billion, up 22% YoY. AI-related product revenue has now posted triple-digit growth for seven quarters in a row—and that’s turning this division into a key potential profit center for the group.</span></p><p dir=\"ltr\"><span>The recent earnings cycle suggests China's largest ADRs are still facing serious headwinds.</span></p><h2 dir=\"ltr\"><span>AI is no longer a 'future story,' but real returns are still a work in progress</span></h2><p dir=\"ltr\"><span>Advertising continues to be the biggest engine powering Tencent’s growth—it has now posted double-digit revenue increases for 11 straight quarters. AI-powered upgrades to Tencent’s ad tech and improved commerce capabilities within the WeChat ecosystem are fueling demand across video feeds, Mini Programs, and in-app search. That said, the company’s rising spending on AI infrastructure is starting to challenge near-term profitability. In Q2 2025 alone, Tencent racked up RMB 19.1 billion in capital expenditures, a 119% jump YoY.</span></p><p dir=\"ltr\"><span>On the company’s earnings call, management addressed those concerns about rising costs, pointing out that Tencent needs to “spend smart,” not just throw money at the latest AI trend—whether that means chip buys, hiring waves, or marketing spend.</span></p><p dir=\"ltr\"><span>For Alibaba Cloud, the growth narrative has come back to life. Over the past year, its revenue growth rate accelerated from just 3% to 18%. For FY2025, the segment generated RMB 118 billion in revenue, up 11% YoY. Investors credit the turnaround in large part to booming interest and enterprise investment in AI.</span></p><p dir=\"ltr\"><span>Looking ahead, Alibaba plans to put more than RMB 380 billion over the next three years into building up its cloud and AI infrastructure. According to CEO Eddie Wu, the capital deployment will be balanced across periods, with FY2025 alone expected to see over RMB 120 billion in spending. The company is targeting three key focus areas: core infrastructure for cloud and AI, large foundational models, and AI-native applications—including embedded upgrades across core business units.</span></p><p dir=\"ltr\"><span>Both Tencent and Alibaba are making it clear: AI investment isn’t slowing anytime soon. And, based on recent earnings trends, AI is already showing up as a tangible revenue driver. Still, in terms of translating those gains into lasting profits, we’re still early in the marathon.</span></p><h2 dir=\"ltr\"><span>A slowing macro backdrop is dragging on consumer demand</span></h2><p dir=\"ltr\"><span>The good news: with state-backed stimulus still supporting consumption, core marketplace results remain fairly solid. JD’s core retail business generated revenue of RMB 310.1 billion, up 20.6% YoY. Alibaba’s core commerce unit is also expected to maintain low single-digit sales growth.</span></p><p dir=\"ltr\"><span>How long that growth momentum can last, though, depends on the strength and duration of national subsidy policies. With a new round of subsidies issued in early August—and the government openly prioritizing consumption—analysts expect the support to hold up, at least in the short term.</span></p><p dir=\"ltr\"><span>But beyond subsidies, the broader reality is that China’s economy is still in a transitional phase. Consumer spending may have some resiliency, but confidence is still fragile. Structural pressure persists, and there's little sign of significant recovery in willingness to spend.</span></p><p dir=\"ltr\"><span>At the end of July, China’s M2–M1 gap sat at 3.2 percentage points, 0.5 percentage points narrower than the previous month but still solidly positive. In other words, a lot of money is stuck in long-term deposits, not circulating through the economy. For H1 2025, M2 money supply grew an estimated 10% YoY.</span></p><p><img height=\"410\" src=\"https://resource.tradingkey.com/uploads/20250829/81070dd36f9547cb85efc639539b09882025-08-29_114945_472_optimized_150.png\" width=\"800\"/></p><p dir=\"ltr\"><span>According to reporting from Reuters, new RMB loan issuance in July contracted by RMB 50 billion (approximately USD 6.97 billion). That figure missed forecasts by a wide margin and marked the first July contraction since 2005—and the largest month-over-month drop since 1999.</span></p><p dir=\"ltr\"><span>This suggests underlying private sector demand remains weak. Companies aren’t feeling pressure to expand or hire, and wage growth has slowed. With households facing an uncertain income outlook, sentiment around broader economic conditions has turned cautious. That makes it hard to materially boost either consumer credit or spending. Soft credit data is yet another sign that demand-side momentum remains flat and economic energy hasn’t broken out.</span></p><h2 dir=\"ltr\"><span>Fierce competition is putting the squeeze on profits</span></h2><p dir=\"ltr\"><span>E-commerce in China has entered a new phase—fighting for share in a low-growth environment. And the new battle is being played across both legacy and emerging fronts. Platforms are shifting away from pure price wars to more refined strategies—focus on ecosystem, operational efficiency, and differentiated value creation. Taobao and Tmall remain in the lead, largely due to their entrenched position and AI capabilities. Pinduoduo, meanwhile, is still growing fast by playing to its strength in lower-tier cities and continuing its aggressive subsidy model.</span></p><p dir=\"ltr\"><span>But a major wave of competition is now taking shape around instant retail and on-demand delivery. That means even more money is being funneled into new subsidy programs—now not just for traditional e-commerce but for local services too. The risk here? Food delivery is not a quick-win business. It takes long-term capital and logistical execution to move the needle. If national subsidies fade, many players may find themselves overextended. For JD.com, for example—where high-margin categories like electronics anchor profitability—covering persistent losses in delivery subsidies could quickly become a concern.</span></p><p dir=\"ltr\"><span>That said, food delivery does more than bolster gross merchandise value—it drives platform engagement. High-frequency use cases like takeout can meaningfully boost daily activity, extend user time on app, and create a flywheel effect for lower-frequency verticals like discretionary goods and CPG. Categories such as daily essentials and supermarkets already show strong upward momentum. Still, from a more cautious point of view, adding more users means little unless retention and repeat purchase patterns hold up over time.</span></p><p dir=\"ltr\"><span>Worth noting: earlier this year, Tencent's WeChat (WXG division) quietly set up an internal E-commerce Product Group tasked with consolidating its shopping-related projects into Mini Programs. It’s a clear signal that Tencent is gearing up to enter the intensifying e-commerce battle.</span></p><p>Find out more</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba’s Friday Earnings to Crown China Tech’s Q2 Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba’s Friday Earnings to Crown China Tech’s Q2 Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1041236214\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">TradingKey </p>\n<p class=\"h-time\">2025-08-29 12:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p dir=\"ltr\"><span>TradingKey - Names like </span><span><a href=\"https://laohu8.com/S/JD\">JD</a>.com</span><span>, </span><span><a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a></span><span>, Tencent, and </span><span>Alibaba </span><span>represent the top-tier of Chinese tech stocks trading in the U.S. But their FY2025 Q2 earnings paint very different pictures.</span></p><p dir=\"ltr\"><span>Tencent delivered the most stable performance this quarter. Revenue from advertising and gaming continued to grow at a healthy pace with high profitability. Total Q2 revenue reached RMB 184.5 billion, up 15% year-over-year. Net income and EPS both climbed 20% year-over-year.</span></p><p dir=\"ltr\"><span>JD.com pulled in RMB 356.7 billion in revenue, up 22.4% YoY, but profits took a hit. The company’s aggressive investment in its food delivery business weighed heavily on bottom-line numbers. Net income dropped nearly 48% YoY, and EPS took a significant dive. While the food delivery push did help drive user activity and top line growth, it also applied serious short-term pressure on profit margins.</span></p><p dir=\"ltr\"><span>Pinduoduo (PDD) reported Q2 revenue of RMB 103.99 billion, a 7.1% increase YoY, but EPS fell 5%. On the earnings call, management reiterated that future growth could be unpredictable. That has investors watching closely, wondering how PDD will sustain meaningful progress in such a competitive environment.</span></p><p><img height=\"419\" src=\"https://resource.tradingkey.com/uploads/20250829/0d60aa03fb2247c4913b74cafb8955c60829_Alibaba_Earnings_optimized_150.png\" width=\"800\"/></p><p dir=\"ltr\"><span>Alibaba will report earnings on August 29. According to Bloomberg’s consensus estimates, Alibaba’s FY2026 Q1 revenue is expected to hit RMB 253.4 billion, a 4.2% YoY increase. Adjusted EPS, however, is forecast to dip 3.8% YoY to RMB 15.8, while profit margin is expected to slide to 15%.</span></p><p dir=\"ltr\"><span>The drop in profitability is widely attributed to Alibaba’s heavy spending on its “Flash Sale” business. Since announcing its RMB 50 billion subsidy initiative on July 2, daily orders from Taobao Flash Sale events have skyrocketed from 10 million to 80 million. But while the growth is impressive, this aggressive expansion strategy has come at the expense of sharply deteriorating margins in the Local Services division.</span></p><p dir=\"ltr\"><span>On the flip side, Alibaba Cloud is showing strong momentum. Analysts generally expect Q1 revenue from Alibaba’s Cloud Intelligence Group to hit RMB 32.5 billion, up 22% YoY. AI-related product revenue has now posted triple-digit growth for seven quarters in a row—and that’s turning this division into a key potential profit center for the group.</span></p><p dir=\"ltr\"><span>The recent earnings cycle suggests China's largest ADRs are still facing serious headwinds.</span></p><h2 dir=\"ltr\"><span>AI is no longer a 'future story,' but real returns are still a work in progress</span></h2><p dir=\"ltr\"><span>Advertising continues to be the biggest engine powering Tencent’s growth—it has now posted double-digit revenue increases for 11 straight quarters. AI-powered upgrades to Tencent’s ad tech and improved commerce capabilities within the WeChat ecosystem are fueling demand across video feeds, Mini Programs, and in-app search. That said, the company’s rising spending on AI infrastructure is starting to challenge near-term profitability. In Q2 2025 alone, Tencent racked up RMB 19.1 billion in capital expenditures, a 119% jump YoY.</span></p><p dir=\"ltr\"><span>On the company’s earnings call, management addressed those concerns about rising costs, pointing out that Tencent needs to “spend smart,” not just throw money at the latest AI trend—whether that means chip buys, hiring waves, or marketing spend.</span></p><p dir=\"ltr\"><span>For Alibaba Cloud, the growth narrative has come back to life. Over the past year, its revenue growth rate accelerated from just 3% to 18%. For FY2025, the segment generated RMB 118 billion in revenue, up 11% YoY. Investors credit the turnaround in large part to booming interest and enterprise investment in AI.</span></p><p dir=\"ltr\"><span>Looking ahead, Alibaba plans to put more than RMB 380 billion over the next three years into building up its cloud and AI infrastructure. According to CEO Eddie Wu, the capital deployment will be balanced across periods, with FY2025 alone expected to see over RMB 120 billion in spending. The company is targeting three key focus areas: core infrastructure for cloud and AI, large foundational models, and AI-native applications—including embedded upgrades across core business units.</span></p><p dir=\"ltr\"><span>Both Tencent and Alibaba are making it clear: AI investment isn’t slowing anytime soon. And, based on recent earnings trends, AI is already showing up as a tangible revenue driver. Still, in terms of translating those gains into lasting profits, we’re still early in the marathon.</span></p><h2 dir=\"ltr\"><span>A slowing macro backdrop is dragging on consumer demand</span></h2><p dir=\"ltr\"><span>The good news: with state-backed stimulus still supporting consumption, core marketplace results remain fairly solid. JD’s core retail business generated revenue of RMB 310.1 billion, up 20.6% YoY. Alibaba’s core commerce unit is also expected to maintain low single-digit sales growth.</span></p><p dir=\"ltr\"><span>How long that growth momentum can last, though, depends on the strength and duration of national subsidy policies. With a new round of subsidies issued in early August—and the government openly prioritizing consumption—analysts expect the support to hold up, at least in the short term.</span></p><p dir=\"ltr\"><span>But beyond subsidies, the broader reality is that China’s economy is still in a transitional phase. Consumer spending may have some resiliency, but confidence is still fragile. Structural pressure persists, and there's little sign of significant recovery in willingness to spend.</span></p><p dir=\"ltr\"><span>At the end of July, China’s M2–M1 gap sat at 3.2 percentage points, 0.5 percentage points narrower than the previous month but still solidly positive. In other words, a lot of money is stuck in long-term deposits, not circulating through the economy. For H1 2025, M2 money supply grew an estimated 10% YoY.</span></p><p><img height=\"410\" src=\"https://resource.tradingkey.com/uploads/20250829/81070dd36f9547cb85efc639539b09882025-08-29_114945_472_optimized_150.png\" width=\"800\"/></p><p dir=\"ltr\"><span>According to reporting from Reuters, new RMB loan issuance in July contracted by RMB 50 billion (approximately USD 6.97 billion). That figure missed forecasts by a wide margin and marked the first July contraction since 2005—and the largest month-over-month drop since 1999.</span></p><p dir=\"ltr\"><span>This suggests underlying private sector demand remains weak. Companies aren’t feeling pressure to expand or hire, and wage growth has slowed. With households facing an uncertain income outlook, sentiment around broader economic conditions has turned cautious. That makes it hard to materially boost either consumer credit or spending. Soft credit data is yet another sign that demand-side momentum remains flat and economic energy hasn’t broken out.</span></p><h2 dir=\"ltr\"><span>Fierce competition is putting the squeeze on profits</span></h2><p dir=\"ltr\"><span>E-commerce in China has entered a new phase—fighting for share in a low-growth environment. And the new battle is being played across both legacy and emerging fronts. Platforms are shifting away from pure price wars to more refined strategies—focus on ecosystem, operational efficiency, and differentiated value creation. Taobao and Tmall remain in the lead, largely due to their entrenched position and AI capabilities. Pinduoduo, meanwhile, is still growing fast by playing to its strength in lower-tier cities and continuing its aggressive subsidy model.</span></p><p dir=\"ltr\"><span>But a major wave of competition is now taking shape around instant retail and on-demand delivery. That means even more money is being funneled into new subsidy programs—now not just for traditional e-commerce but for local services too. The risk here? Food delivery is not a quick-win business. It takes long-term capital and logistical execution to move the needle. If national subsidies fade, many players may find themselves overextended. For JD.com, for example—where high-margin categories like electronics anchor profitability—covering persistent losses in delivery subsidies could quickly become a concern.</span></p><p dir=\"ltr\"><span>That said, food delivery does more than bolster gross merchandise value—it drives platform engagement. High-frequency use cases like takeout can meaningfully boost daily activity, extend user time on app, and create a flywheel effect for lower-frequency verticals like discretionary goods and CPG. Categories such as daily essentials and supermarkets already show strong upward momentum. Still, from a more cautious point of view, adding more users means little unless retention and repeat purchase patterns hold up over time.</span></p><p dir=\"ltr\"><span>Worth noting: earlier this year, Tencent's WeChat (WXG division) quietly set up an internal E-commerce Product Group tasked with consolidating its shopping-related projects into Mini Programs. It’s a clear signal that Tencent is gearing up to enter the intensifying e-commerce battle.</span></p><p>Find out more</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://resource.tradingkey.com/uploads/20250829/437dfe0d85f24f2eb8f4c56dfcbc49ef0829_Alibaba_Earnings_optimized_150.png","relate_stocks":{"BABA":"阿里巴巴","CCK":"皇冠控股","09988":"阿里巴巴-W"},"source_url":"https://www.tradingkey.com/analysis/stocks/us-stocks/251053310-chinese-stocks-earnings-tradingkey","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2563018500","content_text":"TradingKey - Names like JD.com, Pinduoduo, Tencent, and Alibaba represent the top-tier of Chinese tech stocks trading in the U.S. But their FY2025 Q2 earnings paint very different pictures.Tencent delivered the most stable performance this quarter. Revenue from advertising and gaming continued to grow at a healthy pace with high profitability. Total Q2 revenue reached RMB 184.5 billion, up 15% year-over-year. Net income and EPS both climbed 20% year-over-year.JD.com pulled in RMB 356.7 billion in revenue, up 22.4% YoY, but profits took a hit. The company’s aggressive investment in its food delivery business weighed heavily on bottom-line numbers. Net income dropped nearly 48% YoY, and EPS took a significant dive. While the food delivery push did help drive user activity and top line growth, it also applied serious short-term pressure on profit margins.Pinduoduo (PDD) reported Q2 revenue of RMB 103.99 billion, a 7.1% increase YoY, but EPS fell 5%. On the earnings call, management reiterated that future growth could be unpredictable. That has investors watching closely, wondering how PDD will sustain meaningful progress in such a competitive environment.Alibaba will report earnings on August 29. According to Bloomberg’s consensus estimates, Alibaba’s FY2026 Q1 revenue is expected to hit RMB 253.4 billion, a 4.2% YoY increase. Adjusted EPS, however, is forecast to dip 3.8% YoY to RMB 15.8, while profit margin is expected to slide to 15%.The drop in profitability is widely attributed to Alibaba’s heavy spending on its “Flash Sale” business. Since announcing its RMB 50 billion subsidy initiative on July 2, daily orders from Taobao Flash Sale events have skyrocketed from 10 million to 80 million. But while the growth is impressive, this aggressive expansion strategy has come at the expense of sharply deteriorating margins in the Local Services division.On the flip side, Alibaba Cloud is showing strong momentum. Analysts generally expect Q1 revenue from Alibaba’s Cloud Intelligence Group to hit RMB 32.5 billion, up 22% YoY. AI-related product revenue has now posted triple-digit growth for seven quarters in a row—and that’s turning this division into a key potential profit center for the group.The recent earnings cycle suggests China's largest ADRs are still facing serious headwinds.AI is no longer a 'future story,' but real returns are still a work in progressAdvertising continues to be the biggest engine powering Tencent’s growth—it has now posted double-digit revenue increases for 11 straight quarters. AI-powered upgrades to Tencent’s ad tech and improved commerce capabilities within the WeChat ecosystem are fueling demand across video feeds, Mini Programs, and in-app search. That said, the company’s rising spending on AI infrastructure is starting to challenge near-term profitability. In Q2 2025 alone, Tencent racked up RMB 19.1 billion in capital expenditures, a 119% jump YoY.On the company’s earnings call, management addressed those concerns about rising costs, pointing out that Tencent needs to “spend smart,” not just throw money at the latest AI trend—whether that means chip buys, hiring waves, or marketing spend.For Alibaba Cloud, the growth narrative has come back to life. Over the past year, its revenue growth rate accelerated from just 3% to 18%. For FY2025, the segment generated RMB 118 billion in revenue, up 11% YoY. Investors credit the turnaround in large part to booming interest and enterprise investment in AI.Looking ahead, Alibaba plans to put more than RMB 380 billion over the next three years into building up its cloud and AI infrastructure. According to CEO Eddie Wu, the capital deployment will be balanced across periods, with FY2025 alone expected to see over RMB 120 billion in spending. The company is targeting three key focus areas: core infrastructure for cloud and AI, large foundational models, and AI-native applications—including embedded upgrades across core business units.Both Tencent and Alibaba are making it clear: AI investment isn’t slowing anytime soon. And, based on recent earnings trends, AI is already showing up as a tangible revenue driver. Still, in terms of translating those gains into lasting profits, we’re still early in the marathon.A slowing macro backdrop is dragging on consumer demandThe good news: with state-backed stimulus still supporting consumption, core marketplace results remain fairly solid. JD’s core retail business generated revenue of RMB 310.1 billion, up 20.6% YoY. Alibaba’s core commerce unit is also expected to maintain low single-digit sales growth.How long that growth momentum can last, though, depends on the strength and duration of national subsidy policies. With a new round of subsidies issued in early August—and the government openly prioritizing consumption—analysts expect the support to hold up, at least in the short term.But beyond subsidies, the broader reality is that China’s economy is still in a transitional phase. Consumer spending may have some resiliency, but confidence is still fragile. Structural pressure persists, and there's little sign of significant recovery in willingness to spend.At the end of July, China’s M2–M1 gap sat at 3.2 percentage points, 0.5 percentage points narrower than the previous month but still solidly positive. In other words, a lot of money is stuck in long-term deposits, not circulating through the economy. For H1 2025, M2 money supply grew an estimated 10% YoY.According to reporting from Reuters, new RMB loan issuance in July contracted by RMB 50 billion (approximately USD 6.97 billion). That figure missed forecasts by a wide margin and marked the first July contraction since 2005—and the largest month-over-month drop since 1999.This suggests underlying private sector demand remains weak. Companies aren’t feeling pressure to expand or hire, and wage growth has slowed. With households facing an uncertain income outlook, sentiment around broader economic conditions has turned cautious. That makes it hard to materially boost either consumer credit or spending. Soft credit data is yet another sign that demand-side momentum remains flat and economic energy hasn’t broken out.Fierce competition is putting the squeeze on profitsE-commerce in China has entered a new phase—fighting for share in a low-growth environment. And the new battle is being played across both legacy and emerging fronts. Platforms are shifting away from pure price wars to more refined strategies—focus on ecosystem, operational efficiency, and differentiated value creation. Taobao and Tmall remain in the lead, largely due to their entrenched position and AI capabilities. Pinduoduo, meanwhile, is still growing fast by playing to its strength in lower-tier cities and continuing its aggressive subsidy model.But a major wave of competition is now taking shape around instant retail and on-demand delivery. That means even more money is being funneled into new subsidy programs—now not just for traditional e-commerce but for local services too. The risk here? Food delivery is not a quick-win business. It takes long-term capital and logistical execution to move the needle. If national subsidies fade, many players may find themselves overextended. For JD.com, for example—where high-margin categories like electronics anchor profitability—covering persistent losses in delivery subsidies could quickly become a concern.That said, food delivery does more than bolster gross merchandise value—it drives platform engagement. High-frequency use cases like takeout can meaningfully boost daily activity, extend user time on app, and create a flywheel effect for lower-frequency verticals like discretionary goods and CPG. Categories such as daily essentials and supermarkets already show strong upward momentum. Still, from a more cautious point of view, adding more users means little unless retention and repeat purchase patterns hold up over time.Worth noting: earlier this year, Tencent's WeChat (WXG division) quietly set up an internal E-commerce Product Group tasked with consolidating its shopping-related projects into Mini Programs. It’s a clear signal that Tencent is gearing up to enter the intensifying e-commerce battle.Find out more","news_type":1,"symbols_score_info":{"09988":1,"BABA":1,"CCK":1}},"isVote":1,"tweetType":1,"viewCount":1449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":471782556979536,"gmtCreate":1756212947110,"gmtModify":1756212949411,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3584067400460706","authorIdStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/471782556979536","repostId":"1151603880","repostType":2,"repost":{"id":"1151603880","kind":"news","pubTimestamp":1756188000,"share":"https://ttm.financial/m/news/1151603880?lang=en_US&edition=fundamental","pubTime":"2025-08-26 14:00","market":"us","language":"en","title":"Alibaba's Risky $53B AI Bet Faces Make-or-Break Moment","url":"https://stock-news.laohu8.com/highlight/detail?id=1151603880","media":"Rolling Out","summary":"Chinese e-commerce powerhouse Alibaba finds itself at a crucial crossroads as investors prepare for what could be a defining moment in the company’s ambitious pivot toward artificial intelligence and...","content":"<html><head></head><body><p>Chinese e-commerce powerhouse Alibaba finds itself at a crucial crossroads as investors prepare for what could be a defining moment in the company’s ambitious pivot toward artificial intelligence and cloud computing dominance.</p><p style=\"text-align: start;\">The tech giant will unveil its fiscal first-quarter 2026 results on August 29, with Wall Street analysts expecting earnings of $2.13 per share and revenue projections reaching $35.28 billion. But beyond these numbers lies a much larger story about whether Alibaba’s massive financial commitment to AI technology will pay off for shareholders.</p><p>The stakes couldn’t be higher for a company that has seen its stock price tumble more than 20% from March peaks, leaving many investors wondering if this earnings report will provide the catalyst needed to reignite momentum in the struggling shares.</p><h3 id=\"id_749839902\" style=\"text-align: start;\">The $53 billion question hanging over earnings</h3><p style=\"text-align: start;\">At the heart of Alibaba’s transformation strategy sits an eye-watering $53 billion commitment over the next three years, all dedicated to building AI and cloud infrastructure that company executives believe will establish them as China’s leading technology provider.</p><p style=\"text-align: start;\">This massive investment represents one of the largest corporate AI bets in history, dwarfing commitments from many Western competitors. The money will fund data centers, advanced computing capabilities, and research initiatives designed to position Alibaba as the go-to platform for businesses seeking AI solutions across Asia.</p><p style=\"text-align: start;\">Early signs suggest this strategy might be working. Alibaba’s Cloud Intelligence Group reported impressive 18% growth in the most recent quarter, while AI-related products expanded at triple-digit rates. These acceleration patterns indicate genuine market demand for the company’s expanding technology offerings.</p><p style=\"text-align: start;\">The integration between Alibaba’s traditional e-commerce operations and its growing cloud business creates potential synergies that could drive higher profit margins across multiple divisions. Success in this area would validate management’s decision to pursue scalable, technology-focused revenue streams rather than relying solely on traditional retail operations.</p><h3 id=\"id_2054847931\" style=\"text-align: start;\">International operations show promise after years of losses</h3><p style=\"text-align: start;\">Another bright spot emerging ahead of earnings involves Alibaba’s international e-commerce division, known as AIDC, which appears poised to achieve profitability after struggling with losses for several years.</p><p style=\"text-align: start;\">Company management has indicated that quarterly profits from this division could arrive soon, potentially relieving pressure on overall group earnings while demonstrating that Alibaba’s global expansion strategy is finally gaining traction with consumers outside China.</p><p style=\"text-align: start;\">This development would be particularly significant given the competitive challenges facing Chinese companies in international markets. Success abroad would prove that Alibaba can compete effectively against established players like Amazon while building sustainable business models in diverse geographic regions.</p><h3 id=\"id_3300468004\" style=\"text-align: start;\">Economic tailwinds could boost domestic performance</h3><p style=\"text-align: start;\">The timing of Alibaba’s earnings report coincides with supportive economic policies from the Chinese government, including subsidized consumer loan programs designed to stimulate domestic spending across multiple sectors.</p><p style=\"text-align: start;\">These stimulus measures could provide a meaningful boost to Alibaba’s core e-commerce operations, as increased consumer purchasing power typically translates directly into higher transaction volumes on the company’s platforms.</p><p style=\"text-align: start;\">The combination of government support and Alibaba’s technological investments creates a potentially powerful growth scenario, especially if Chinese consumers respond positively to expanded product offerings and improved shopping experiences powered by AI capabilities.</p><h3 id=\"id_1977492885\" style=\"text-align: start;\">Valuation metrics suggest significant upside potential</h3><p style=\"text-align: start;\">Despite recent stock price weakness, financial analysts point to compelling valuation metrics that could attract investors if earnings results exceed expectations.</p><p style=\"text-align: start;\">Alibaba currently trades at approximately 11.3 times forward 2027 earnings, with a PEG ratio of 0.55 that appears notably discounted compared to Western technology peers including Amazon and eBay.</p><p style=\"text-align: start;\">Some analysts suggest the company trades at a 50-70% discount relative to comparable American companies, creating substantial upside potential if market sentiment shifts positively following strong earnings results.</p><p style=\"text-align: start;\">The average analyst price target of $151.33 represents a 23% upside from current trading levels, indicating professional investors remain optimistic about the company’s long-term prospects despite recent challenges.</p><h3 id=\"id_3085003788\" style=\"text-align: start;\">Regulatory risks remain a concern for investors</h3><p style=\"text-align: start;\">However, significant obstacles continue to cloud Alibaba’s outlook, particularly regarding regulatory uncertainty within China and ongoing tensions between the United States and China that have prompted some institutional investors to reduce exposure to Chinese equities.</p><p style=\"text-align: start;\">These geopolitical factors create unpredictable variables that could impact the company’s operations and stock performance regardless of fundamental business improvements.</p><p style=\"text-align: start;\">The regulatory environment for Chinese technology companies remains fluid, with government oversight potentially affecting everything from data usage policies to international expansion strategies.</p><p style=\"text-align: start;\">Despite these challenges, Alibaba’s strong balance sheet and focused AI strategy position the company for what many observers believe could be a pivotal earnings announcement that shapes investor perception for quarters to come.</p></body></html>","source":"lsy1756177767040","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba's Risky $53B AI Bet Faces Make-or-Break Moment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba's Risky $53B AI Bet Faces Make-or-Break Moment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-08-26 14:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://rollingout.com/2025/08/25/alibabas-risky-53b-ai-bet-faces-make-or/><strong>Rolling Out</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese e-commerce powerhouse Alibaba finds itself at a crucial crossroads as investors prepare for what could be a defining moment in the company’s ambitious pivot toward artificial intelligence and ...</p>\n\n<a href=\"https://rollingout.com/2025/08/25/alibabas-risky-53b-ai-bet-faces-make-or/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://rollingout.com/2025/08/25/alibabas-risky-53b-ai-bet-faces-make-or/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151603880","content_text":"Chinese e-commerce powerhouse Alibaba finds itself at a crucial crossroads as investors prepare for what could be a defining moment in the company’s ambitious pivot toward artificial intelligence and cloud computing dominance.The tech giant will unveil its fiscal first-quarter 2026 results on August 29, with Wall Street analysts expecting earnings of $2.13 per share and revenue projections reaching $35.28 billion. But beyond these numbers lies a much larger story about whether Alibaba’s massive financial commitment to AI technology will pay off for shareholders.The stakes couldn’t be higher for a company that has seen its stock price tumble more than 20% from March peaks, leaving many investors wondering if this earnings report will provide the catalyst needed to reignite momentum in the struggling shares.The $53 billion question hanging over earningsAt the heart of Alibaba’s transformation strategy sits an eye-watering $53 billion commitment over the next three years, all dedicated to building AI and cloud infrastructure that company executives believe will establish them as China’s leading technology provider.This massive investment represents one of the largest corporate AI bets in history, dwarfing commitments from many Western competitors. The money will fund data centers, advanced computing capabilities, and research initiatives designed to position Alibaba as the go-to platform for businesses seeking AI solutions across Asia.Early signs suggest this strategy might be working. Alibaba’s Cloud Intelligence Group reported impressive 18% growth in the most recent quarter, while AI-related products expanded at triple-digit rates. These acceleration patterns indicate genuine market demand for the company’s expanding technology offerings.The integration between Alibaba’s traditional e-commerce operations and its growing cloud business creates potential synergies that could drive higher profit margins across multiple divisions. Success in this area would validate management’s decision to pursue scalable, technology-focused revenue streams rather than relying solely on traditional retail operations.International operations show promise after years of lossesAnother bright spot emerging ahead of earnings involves Alibaba’s international e-commerce division, known as AIDC, which appears poised to achieve profitability after struggling with losses for several years.Company management has indicated that quarterly profits from this division could arrive soon, potentially relieving pressure on overall group earnings while demonstrating that Alibaba’s global expansion strategy is finally gaining traction with consumers outside China.This development would be particularly significant given the competitive challenges facing Chinese companies in international markets. Success abroad would prove that Alibaba can compete effectively against established players like Amazon while building sustainable business models in diverse geographic regions.Economic tailwinds could boost domestic performanceThe timing of Alibaba’s earnings report coincides with supportive economic policies from the Chinese government, including subsidized consumer loan programs designed to stimulate domestic spending across multiple sectors.These stimulus measures could provide a meaningful boost to Alibaba’s core e-commerce operations, as increased consumer purchasing power typically translates directly into higher transaction volumes on the company’s platforms.The combination of government support and Alibaba’s technological investments creates a potentially powerful growth scenario, especially if Chinese consumers respond positively to expanded product offerings and improved shopping experiences powered by AI capabilities.Valuation metrics suggest significant upside potentialDespite recent stock price weakness, financial analysts point to compelling valuation metrics that could attract investors if earnings results exceed expectations.Alibaba currently trades at approximately 11.3 times forward 2027 earnings, with a PEG ratio of 0.55 that appears notably discounted compared to Western technology peers including Amazon and eBay.Some analysts suggest the company trades at a 50-70% discount relative to comparable American companies, creating substantial upside potential if market sentiment shifts positively following strong earnings results.The average analyst price target of $151.33 represents a 23% upside from current trading levels, indicating professional investors remain optimistic about the company’s long-term prospects despite recent challenges.Regulatory risks remain a concern for investorsHowever, significant obstacles continue to cloud Alibaba’s outlook, particularly regarding regulatory uncertainty within China and ongoing tensions between the United States and China that have prompted some institutional investors to reduce exposure to Chinese equities.These geopolitical factors create unpredictable variables that could impact the company’s operations and stock performance regardless of fundamental business improvements.The regulatory environment for Chinese technology companies remains fluid, with government oversight potentially affecting everything from data usage policies to international expansion strategies.Despite these challenges, Alibaba’s strong balance sheet and focused AI strategy position the company for what many observers believe could be a pivotal earnings announcement that shapes investor perception for quarters to come.","news_type":1,"symbols_score_info":{"09988":1.1,"BABA":1.1}},"isVote":1,"tweetType":1,"viewCount":1631,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":470096011506400,"gmtCreate":1755806804635,"gmtModify":1755806808794,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3584067400460706","authorIdStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/470096011506400","repostId":"470045966434520","repostType":1,"repost":{"id":470045966434520,"gmtCreate":1755794779366,"gmtModify":1755795607442,"author":{"id":"4132830251609262","authorId":"4132830251609262","name":"EclipseTR","avatar":"https://community-static.tradeup.com/news/7dd3ced06461cd8746431b9b53ef62ac","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4132830251609262","authorIdStr":"4132830251609262"},"themes":[],"title":"Intel – 7% Plunge: Decoding the Drop and What It Means","htmlText":"What Just Happened? On Wednesday, August 20, 2025, <a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$</a> Intel stock sank 7%, leading losses across the S&amp;P 500. The slide erased gains from the prior day's SoftBank-backed rally and was fueled by rising investor concern around possible government stake-taking in exchange for chip‑funding under the CHIPS Act. What’s Behind the 7% Drop? <a href=\"https://ttm.financial/S/SOBKY\">$Softbank Corp.(SOBKY)$</a> SoftBank’s $2B Lifeline Meets Rising Uncertainty On August 19, SoftBank announced a $2 billion equity investment in Intel, acquiring roughly a 2% stake this had initially boosted the stock. But the rally reversed following reports that the U.S. government may take a 10% equity stake in Intel by converting previously granted CHIPS Act fun","listText":"What Just Happened? On Wednesday, August 20, 2025, <a href=\"https://ttm.financial/S/INTC\">$Intel(INTC)$</a> Intel stock sank 7%, leading losses across the S&amp;P 500. The slide erased gains from the prior day's SoftBank-backed rally and was fueled by rising investor concern around possible government stake-taking in exchange for chip‑funding under the CHIPS Act. What’s Behind the 7% Drop? <a href=\"https://ttm.financial/S/SOBKY\">$Softbank Corp.(SOBKY)$</a> SoftBank’s $2B Lifeline Meets Rising Uncertainty On August 19, SoftBank announced a $2 billion equity investment in Intel, acquiring roughly a 2% stake this had initially boosted the stock. But the rally reversed following reports that the U.S. government may take a 10% equity stake in Intel by converting previously granted CHIPS Act fun","text":"What Just Happened? On Wednesday, August 20, 2025, $Intel(INTC)$ Intel stock sank 7%, leading losses across the S&P 500. The slide erased gains from the prior day's SoftBank-backed rally and was fueled by rising investor concern around possible government stake-taking in exchange for chip‑funding under the CHIPS Act. What’s Behind the 7% Drop? $Softbank Corp.(SOBKY)$ SoftBank’s $2B Lifeline Meets Rising Uncertainty On August 19, SoftBank announced a $2 billion equity investment in Intel, acquiring roughly a 2% stake this had initially boosted the stock. But the rally reversed following reports that the U.S. government may take a 10% equity stake in Intel by converting previously granted CHIPS Act fun","images":[{"img":"https://community-static.tradeup.com/news/61fbbeb32f8a94ef206d75cf63b68726","width":"1200","height":"676"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/470045966434520","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":469702073741728,"gmtCreate":1755710752356,"gmtModify":1755710756388,"author":{"id":"3584067400460706","authorId":"3584067400460706","name":"ninjakira","avatar":"https://community-static.tradeup.com/news/49abb96350e8962930414fb2405c7b7d","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3584067400460706","authorIdStr":"3584067400460706"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/469702073741728","repostId":"2560873107","repostType":2,"repost":{"id":"2560873107","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1755702060,"share":"https://ttm.financial/m/news/2560873107?lang=en_US&edition=fundamental","pubTime":"2025-08-20 23:01","market":"other","language":"en","title":"The S&P 500 is at its most expensive by this measure. These stocks have bucked the trend.","url":"https://stock-news.laohu8.com/highlight/detail?id=2560873107","media":"Dow Jones","summary":"The U.S. benchmark just hit its highest price/trailing sales ratio ever. The broad U.S. stock market is trading at a historically high level to companies' revenue. But there are plenty of companies whose stocks haven't followed suit.That warning included a long-term chart showing the ratio of the S&P 500's price to trailing sales. These are prices to rolling 12-month revenue figures, weighted by market capitalization.Tuesday's closing price/trailing sales ratio of 3.19 for the S&P 500 SPX was very high relative to the average level of 1.88 going back to the end of 1999. But that average reflected the bursting of the dot-com bubble in the early 2000s, as well as the brutal decline from late 2007 through early March 2009 during the financial crisis.We actually screened the more expensive Nasdaq-100 Index NDX for a tech-oriented screen of stocks that have resisted the high price/sales trend. But let's first dig a bit further into the S&P 500.","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW The S&amp;P 500 is at its most expensive by this measure. These stocks have bucked the trend.\n</p>\n<p>\n  By Philip van Doorn \n</p>\n<p>\n     The U.S. benchmark just hit its highest price/trailing sales ratio ever \n</p>\n<p>\n     The broad U.S. stock market is trading at a historically high level to companies' revenue. But there are plenty of companies whose stocks haven't followed suit. \n</p>\n<p>\n     In a bull market, it is not unusual to see a cycle of record highs for stock indexes. But what may be more important to investors is how expensive stocks are relative to revenue or earnings. On a price-to-sales basis, the broad U.S. stock market has trended upward and is at its most expensive. But some stocks have bucked the trend, as shown below. \n</p>\n<p>\n     A warning \n</p>\n<p>\n     If you have been worried that the stock market has become overheated, check out this post on X from Charlie Bilello on Aug. 10. \n</p>\n<p>\n     That warning included a long-term chart showing the ratio of the S&amp;P 500's price to trailing sales. These are prices to rolling 12-month revenue figures, weighted by market capitalization. \n</p>\n<p>\n     Through Tuesday's close, the large-cap U.S. benchmark's price/trailing sales ratio had climbed even higher. \n</p>\n<p>\n     Tuesday's closing price/trailing sales ratio of 3.19 for the S&amp;P 500 SPX was very high relative to the average level of 1.88 going back to the end of 1999. But that average reflected the bursting of the dot-com bubble in the early 2000s, as well as the brutal decline from late 2007 through early March 2009 during the financial crisis. \n</p>\n<p>\n     We actually screened the more expensive Nasdaq-100 Index NDX for a tech-oriented screen of stocks that have resisted the high price/sales trend. But let's first dig a bit further into the S&amp;P 500. \n</p>\n<p>\n     The most expensive sectors \n</p>\n<p>\n     If we look back only 10 years, the current valuation is well above average levels for the index and its sectors. Here is a valuation comparison for the 11 sectors of the S&amp;P 500, sorted by price/trailing sales, with the full index at the bottom: \n</p>\n<pre style=\"white-space: pre\">\n   Sector or index           Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Information Technology                     9.76                                   5.22                                  187% \n   Real Estate                                6.50                                   7.19                                   90% \n   Communication Services                     4.42                                   3.27                                  135% \n   Consumer Discretionary                     2.92                                   2.27                                  129% \n   Utilities                                  2.87                                   2.35                                  122% \n   Industrials                                2.85                                   2.06                                  138% \n   Financials                                 2.80                                   2.59                                  108% \n   Materials                                  2.25                                   1.93                                  117% \n   Consumer Staples                           1.49                                   1.34                                  111% \n   Healthcare                                 1.45                                   1.72                                   84% \n   Energy                                     1.31                                   1.27                                  103% \n   S&amp;P 500                                    3.19                                   2.39                                  133% \n                                                                                                                Source: FactSet \n</pre>\n<p>\n     The full S&amp;P 500's price/trailing sales ratio is 33% higher than its 10-year average. The most expensive sector is information technology with a price/trailing sales ratio of 9.76, which is 87% higher than its 10-year average level. \n</p>\n<p>\n     Investors need to keep in mind that the S&amp;P 500 is weighted by market capitalization. This means that three companies - <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> Corp. (NVDA), Microsoft Corp. <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> and Apple Inc. <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> - make up 21.2% of the portfolio of the SPDR S&amp;P 500 ETF Trust SPY. And they have a 26.6% weighting in the Invesco QQQ ETF QQQ, which tracks the Nasdaq-100. \n</p>\n<p>\n     You might be interested in seeing how price/trailing sales ratios stack up for the \"Magnificent Seven\" group of stocks. Here they are, sorted by how high the current valuations are to 10-year averages: \n</p>\n<pre style=\"white-space: pre\">\n   Company                 Ticker   Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc.    META                      10.21                                   7.36                                  139% \n   Apple Inc.             AAPL                       8.30                                   7.28                                  114% \n   Microsoft Corp.        MSFT                      13.18                                  11.59                                  114% \n   <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>.com Inc.        AMZN                       3.56                                   3.16                                  113% \n   Alphabet Inc. Class A  GOOGL                      6.45                                   5.97                                  108% \n   Nvidia Corp.           NVDA                      25.19                                  23.60                                  107% \n   Tesla Inc.             TSLA                      11.24                                  11.64                                   97% \n</pre>\n<p>\n     Aside from Amazon (AMZN), which trades for 3.6 times trailing sales, all of these stocks trade at multiples of the S&amp;P 500's weighted ratio of 3.2. \n</p>\n<p>\n     Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> is the only member of the Magnificent Seven trading below its 10-year average valuation on this basis. \n</p>\n<p>\n     Getting back to sector valuations, note that among the Magnificent Seven, only Nvidia, Microsoft and Apple are in the S&amp;P information-technology sector. Amazon and Tesla are in the consumer-discretionary sector, while Meta (META) and Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> <a href=\"https://laohu8.com/S/GOOG\">$(GOOG)$</a> are in the communications-services sector. \n</p>\n<p>\n     Stock screen - low valuations and high expectations for sales growth through 2027 \n</p>\n<p>\n     The stock market's long rally has been led by Big Tech. An interesting way to screen for stocks bucking the trend of high price/trailing sales valuations is to look at the Nasdaq-100 index - the one tracked by QQQ. This index is made up of the 100 largest nonfinancial companies in the full Nasdaq Composite Index COMP. It is trading at a price/trailing sales ratio of 6.98, which is 47% higher than its 10-year average valuation of 4.76. \n</p>\n<p>\n     Among the Nasdaq-100, 54 stocks are trading below their average 10-year price/trailing sales valuations. To narrow the list further, here are the 20 projected to show the highest compound annual growth rates (CAGR) for sales over the next two years: \n</p>\n<pre style=\"white-space: pre\">\n   Company                             Ticker   Two-year estimated sales CAGR through 2027  Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> Inc.                  MELI                                           24.4%                   4.67                                   8.34                                   56% \n   <a href=\"https://laohu8.com/S/CRWD\">CrowdStrike</a> Holdings Inc. Class A  CRWD                                           22.6%                  23.66                                  28.08                                   84% \n   <a href=\"https://laohu8.com/S/SHOP\">Shopify Inc</a>.                       SHOP                                           22.3%                  17.37                                  20.55                                   85% \n   <a href=\"https://laohu8.com/S/ARM\">ARM Holdings</a> PLC ADR               ARM                                            20.4%                  33.03                                  35.16                                   94% \n   <a href=\"https://laohu8.com/S/DDOG\">Datadog</a> Inc. Class A               DDOG                                           20.3%                  14.55                                  27.49                                   53% \n   Zscaler Inc.                       ZS                                             20.2%                  15.91                                  25.81                                   62% \n   Tesla Inc.                         TSLA                                           19.6%                  11.24                                  11.64                                   97% \n   Atlassian Corp Class A             TEAM                                           18.9%                   8.15                                   20.2                                   40% \n   Marvell Technology Inc.            MRVL                                           18.7%                   8.72                                  10.38                                   84% \n   <a href=\"https://laohu8.com/S/TTD\">Trade Desk Inc.</a> Class A            TTD                                            16.8%                   9.49                                  23.93                                   40% \n   DexCom Inc.                        DXCM                                           15.0%                   7.19                                  14.17                                   51% \n   Intuitive Surgical Inc.            ISRG                                           14.6%                  18.54                                  18.67                                   99% \n   PDD Holdings Inc. ADR              PDD                                            14.6%                   2.87                                   7.02                                   41% \n   CoStar Group Inc.                  CSGP                                           13.1%                  12.57                                  14.78                                   85% \n   <a href=\"https://laohu8.com/S/WDAY\">Workday</a> Inc. Class A               WDAY                                           13.1%                   6.79                                   9.67                                   70% \n</pre>\n</font><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW The S&amp;P 500 is at its most expensive by this measure. These stocks have bucked the trend.\n</p>\n<p>\n  By Philip van Doorn \n</p>\n<p>\n     The U.S. benchmark just hit its highest price/trailing sales ratio ever \n</p>\n<p>\n     The broad U.S. stock market is trading at a historically high level to companies' revenue. But there are plenty of companies whose stocks haven't followed suit. \n</p>\n<p>\n     In a bull market, it is not unusual to see a cycle of record highs for stock indexes. But what may be more important to investors is how expensive stocks are relative to revenue or earnings. On a price-to-sales basis, the broad U.S. stock market has trended upward and is at its most expensive. But some stocks have bucked the trend, as shown below. \n</p>\n<p>\n     A warning \n</p>\n<p>\n     If you have been worried that the stock market has become overheated, check out this post on X from Charlie Bilello on Aug. 10. \n</p>\n<p>\n     That warning included a long-term chart showing the ratio of the S&amp;P 500's price to trailing sales. These are prices to rolling 12-month revenue figures, weighted by market capitalization. \n</p>\n<p>\n     Through Tuesday's close, the large-cap U.S. benchmark's price/trailing sales ratio had climbed even higher. \n</p>\n<p>\n     Tuesday's closing price/trailing sales ratio of 3.19 for the S&amp;P 500 SPX was very high relative to the average level of 1.88 going back to the end of 1999. But that average reflected the bursting of the dot-com bubble in the early 2000s, as well as the brutal decline from late 2007 through early March 2009 during the financial crisis. \n</p>\n<p>\n     We actually screened the more expensive Nasdaq-100 Index NDX for a tech-oriented screen of stocks that have resisted the high price/sales trend. But let's first dig a bit further into the S&amp;P 500. \n</p>\n<p>\n     The most expensive sectors \n</p>\n<p>\n     If we look back only 10 years, the current valuation is well above average levels for the index and its sectors. Here is a valuation comparison for the 11 sectors of the S&amp;P 500, sorted by price/trailing sales, with the full index at the bottom: \n</p>\n<pre style=\"white-space: pre\">\n   Sector or index           Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Information Technology                     9.76                                   5.22                                  187% \n   Real Estate                                6.50                                   7.19                                   90% \n   Communication Services                     4.42                                   3.27                                  135% \n   Consumer Discretionary                     2.92                                   2.27                                  129% \n   Utilities                                  2.87                                   2.35                                  122% \n   Industrials                                2.85                                   2.06                                  138% \n   Financials                                 2.80                                   2.59                                  108% \n   Materials                                  2.25                                   1.93                                  117% \n   Consumer Staples                           1.49                                   1.34                                  111% \n   Healthcare                                 1.45                                   1.72                                   84% \n   Energy                                     1.31                                   1.27                                  103% \n   S&amp;P 500                                    3.19                                   2.39                                  133% \n                                                                                                                Source: FactSet \n</pre>\n<p>\n     The full S&amp;P 500's price/trailing sales ratio is 33% higher than its 10-year average. The most expensive sector is information technology with a price/trailing sales ratio of 9.76, which is 87% higher than its 10-year average level. \n</p>\n<p>\n     Investors need to keep in mind that the S&amp;P 500 is weighted by market capitalization. This means that three companies - Nvidia Corp. (NVDA), Microsoft Corp. (MSFT) and Apple Inc. (AAPL) - make up 21.2% of the portfolio of the SPDR S&amp;P 500 ETF Trust SPY. And they have a 26.6% weighting in the Invesco QQQ ETF QQQ, which tracks the Nasdaq-100. \n</p>\n<p>\n     You might be interested in seeing how price/trailing sales ratios stack up for the \"Magnificent Seven\" group of stocks. Here they are, sorted by how high the current valuations are to 10-year averages: \n</p>\n<pre style=\"white-space: pre\">\n   Company                 Ticker   Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Meta Platforms Inc.    META                      10.21                                   7.36                                  139% \n   Apple Inc.             AAPL                       8.30                                   7.28                                  114% \n   Microsoft Corp.        MSFT                      13.18                                  11.59                                  114% \n   Amazon.com Inc.        AMZN                       3.56                                   3.16                                  113% \n   Alphabet Inc. Class A  GOOGL                      6.45                                   5.97                                  108% \n   Nvidia Corp.           NVDA                      25.19                                  23.60                                  107% \n   Tesla Inc.             TSLA                      11.24                                  11.64                                   97% \n</pre>\n<p>\n     Aside from Amazon (AMZN), which trades for 3.6 times trailing sales, all of these stocks trade at multiples of the S&amp;P 500's weighted ratio of 3.2. \n</p>\n<p>\n     Tesla (TSLA) is the only member of the Magnificent Seven trading below its 10-year average valuation on this basis. \n</p>\n<p>\n     Getting back to sector valuations, note that among the Magnificent Seven, only Nvidia, Microsoft and Apple are in the S&amp;P information-technology sector. Amazon and Tesla are in the consumer-discretionary sector, while Meta (META) and Alphabet (GOOGL) (GOOG) are in the communications-services sector. \n</p>\n<p>\n     Stock screen - low valuations and high expectations for sales growth through 2027 \n</p>\n<p>\n     The stock market's long rally has been led by Big Tech. An interesting way to screen for stocks bucking the trend of high price/trailing sales valuations is to look at the Nasdaq-100 index - the one tracked by QQQ. This index is made up of the 100 largest nonfinancial companies in the full Nasdaq Composite Index COMP. It is trading at a price/trailing sales ratio of 6.98, which is 47% higher than its 10-year average valuation of 4.76. \n</p>\n<p>\n     Among the Nasdaq-100, 54 stocks are trading below their average 10-year price/trailing sales valuations. To narrow the list further, here are the 20 projected to show the highest compound annual growth rates (CAGR) for sales over the next two years: \n</p>\n<pre style=\"white-space: pre\">\n   Company                             Ticker   Two-year estimated sales CAGR through 2027  Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   MercadoLibre Inc.                  MELI                                           24.4%                   4.67                                   8.34                                   56% \n   CrowdStrike Holdings Inc. Class A  CRWD                                           22.6%                  23.66                                  28.08                                   84% \n   Shopify Inc.                       SHOP                                           22.3%                  17.37                                  20.55                                   85% \n   ARM Holdings PLC ADR               ARM                                            20.4%                  33.03                                  35.16                                   94% \n   Datadog Inc. Class A               DDOG                                           20.3%                  14.55                                  27.49                                   53% \n   Zscaler Inc.                       ZS                                             20.2%                  15.91                                  25.81                                   62% \n   Tesla Inc.                         TSLA                                           19.6%                  11.24                                  11.64                                   97% \n   Atlassian Corp Class A             TEAM                                           18.9%                   8.15                                   20.2                                   40% \n   Marvell Technology Inc.            MRVL                                           18.7%                   8.72                                  10.38                                   84% \n   Trade Desk Inc. Class A            TTD                                            16.8%                   9.49                                  23.93                                   40% \n   DexCom Inc.                        DXCM                                           15.0%                   7.19                                  14.17                                   51% \n   Intuitive Surgical Inc.            ISRG                                           14.6%                  18.54                                  18.67                                   99% \n   PDD Holdings Inc. ADR              PDD                                            14.6%                   2.87                                   7.02                                   41% \n   CoStar Group Inc.                  CSGP                                           13.1%                  12.57                                  14.78                                   85% \n   Workday Inc. Class A               WDAY                                           13.1%                   6.79                                   9.67                                   70% \n</pre>\n<p>\n  (MORE TO FOLLOW) Dow Jones Newswires\n</p>\n<p>\n  August 20, 2025 11:01 ET (15:01 GMT)\n</p>\n<p>\nMW The S&amp;P 500 is at its most expensive by this -2-\n</p>\n<pre style=\"white-space: pre\">\n   Intuit Inc.                        INTU                                           13.0%                  10.36                                  11.21                                   92% \n   Fortinet Inc.                      FTNT                                           11.2%                   9.26                                  11.24                                   82% \n   Autodesk Inc.                      ADSK                                           10.7%                   9.38                                  11.16                                   84% \n   Airbnb Inc. Class A                ABNB                                            9.7%                   6.67                                  12.46                                   53% \n   Vertex Pharmaceuticals Inc.        VRTX                                            9.7%                   8.61                                   9.55                                   90% \n                                                                                                                                                                               Source: FactSet \n</pre>\n<p>\n     These growth projections are based on consensus estimates among analysts polled by FactSet for calendar 2025 through 2027. The estimates are adjusted for companies whose fiscal years don't match the calendar. \n</p>\n<p>\n     In comparison, the projected two-year revenue CAGR through 2027 is 5.4% for the S&amp;P 500 and 9.8% for the Nasdaq-100, according to FactSet. \n</p>\n<p>\n     Click on the tickers for more about each company, ETF or index. \n</p>\n<p>\n     Read: Tomi Kilgore's detailed guide to the information available on the MarketWatch quote page \n</p>\n<p>\n     Don't miss: 20 stocks in the S&amp;P 500 that are high achievers this earnings season \n</p>\n<p>\n     -Philip van Doorn \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 20, 2025 11:01 ET (15:01 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 is at its most expensive by this measure. These stocks have bucked the trend.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 is at its most expensive by this measure. These stocks have bucked the trend.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-08-20 23:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW The S&amp;P 500 is at its most expensive by this measure. These stocks have bucked the trend.\n</p>\n<p>\n  By Philip van Doorn \n</p>\n<p>\n     The U.S. benchmark just hit its highest price/trailing sales ratio ever \n</p>\n<p>\n     The broad U.S. stock market is trading at a historically high level to companies' revenue. But there are plenty of companies whose stocks haven't followed suit. \n</p>\n<p>\n     In a bull market, it is not unusual to see a cycle of record highs for stock indexes. But what may be more important to investors is how expensive stocks are relative to revenue or earnings. On a price-to-sales basis, the broad U.S. stock market has trended upward and is at its most expensive. But some stocks have bucked the trend, as shown below. \n</p>\n<p>\n     A warning \n</p>\n<p>\n     If you have been worried that the stock market has become overheated, check out this post on X from Charlie Bilello on Aug. 10. \n</p>\n<p>\n     That warning included a long-term chart showing the ratio of the S&amp;P 500's price to trailing sales. These are prices to rolling 12-month revenue figures, weighted by market capitalization. \n</p>\n<p>\n     Through Tuesday's close, the large-cap U.S. benchmark's price/trailing sales ratio had climbed even higher. \n</p>\n<p>\n     Tuesday's closing price/trailing sales ratio of 3.19 for the S&amp;P 500 SPX was very high relative to the average level of 1.88 going back to the end of 1999. But that average reflected the bursting of the dot-com bubble in the early 2000s, as well as the brutal decline from late 2007 through early March 2009 during the financial crisis. \n</p>\n<p>\n     We actually screened the more expensive Nasdaq-100 Index NDX for a tech-oriented screen of stocks that have resisted the high price/sales trend. But let's first dig a bit further into the S&amp;P 500. \n</p>\n<p>\n     The most expensive sectors \n</p>\n<p>\n     If we look back only 10 years, the current valuation is well above average levels for the index and its sectors. Here is a valuation comparison for the 11 sectors of the S&amp;P 500, sorted by price/trailing sales, with the full index at the bottom: \n</p>\n<pre style=\"white-space: pre\">\n   Sector or index           Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Information Technology                     9.76                                   5.22                                  187% \n   Real Estate                                6.50                                   7.19                                   90% \n   Communication Services                     4.42                                   3.27                                  135% \n   Consumer Discretionary                     2.92                                   2.27                                  129% \n   Utilities                                  2.87                                   2.35                                  122% \n   Industrials                                2.85                                   2.06                                  138% \n   Financials                                 2.80                                   2.59                                  108% \n   Materials                                  2.25                                   1.93                                  117% \n   Consumer Staples                           1.49                                   1.34                                  111% \n   Healthcare                                 1.45                                   1.72                                   84% \n   Energy                                     1.31                                   1.27                                  103% \n   S&amp;P 500                                    3.19                                   2.39                                  133% \n                                                                                                                Source: FactSet \n</pre>\n<p>\n     The full S&amp;P 500's price/trailing sales ratio is 33% higher than its 10-year average. The most expensive sector is information technology with a price/trailing sales ratio of 9.76, which is 87% higher than its 10-year average level. \n</p>\n<p>\n     Investors need to keep in mind that the S&amp;P 500 is weighted by market capitalization. This means that three companies - <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> Corp. (NVDA), Microsoft Corp. <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a> and Apple Inc. <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> - make up 21.2% of the portfolio of the SPDR S&amp;P 500 ETF Trust SPY. And they have a 26.6% weighting in the Invesco QQQ ETF QQQ, which tracks the Nasdaq-100. \n</p>\n<p>\n     You might be interested in seeing how price/trailing sales ratios stack up for the \"Magnificent Seven\" group of stocks. Here they are, sorted by how high the current valuations are to 10-year averages: \n</p>\n<pre style=\"white-space: pre\">\n   Company                 Ticker   Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc.    META                      10.21                                   7.36                                  139% \n   Apple Inc.             AAPL                       8.30                                   7.28                                  114% \n   Microsoft Corp.        MSFT                      13.18                                  11.59                                  114% \n   <a href=\"https://laohu8.com/S/AMZN\">Amazon</a>.com Inc.        AMZN                       3.56                                   3.16                                  113% \n   Alphabet Inc. Class A  GOOGL                      6.45                                   5.97                                  108% \n   Nvidia Corp.           NVDA                      25.19                                  23.60                                  107% \n   Tesla Inc.             TSLA                      11.24                                  11.64                                   97% \n</pre>\n<p>\n     Aside from Amazon (AMZN), which trades for 3.6 times trailing sales, all of these stocks trade at multiples of the S&amp;P 500's weighted ratio of 3.2. \n</p>\n<p>\n     Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> is the only member of the Magnificent Seven trading below its 10-year average valuation on this basis. \n</p>\n<p>\n     Getting back to sector valuations, note that among the Magnificent Seven, only Nvidia, Microsoft and Apple are in the S&amp;P information-technology sector. Amazon and Tesla are in the consumer-discretionary sector, while Meta (META) and Alphabet <a href=\"https://laohu8.com/S/GOOGL\">$(GOOGL)$</a> <a href=\"https://laohu8.com/S/GOOG\">$(GOOG)$</a> are in the communications-services sector. \n</p>\n<p>\n     Stock screen - low valuations and high expectations for sales growth through 2027 \n</p>\n<p>\n     The stock market's long rally has been led by Big Tech. An interesting way to screen for stocks bucking the trend of high price/trailing sales valuations is to look at the Nasdaq-100 index - the one tracked by QQQ. This index is made up of the 100 largest nonfinancial companies in the full Nasdaq Composite Index COMP. It is trading at a price/trailing sales ratio of 6.98, which is 47% higher than its 10-year average valuation of 4.76. \n</p>\n<p>\n     Among the Nasdaq-100, 54 stocks are trading below their average 10-year price/trailing sales valuations. To narrow the list further, here are the 20 projected to show the highest compound annual growth rates (CAGR) for sales over the next two years: \n</p>\n<pre style=\"white-space: pre\">\n   Company                             Ticker   Two-year estimated sales CAGR through 2027  Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   <a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> Inc.                  MELI                                           24.4%                   4.67                                   8.34                                   56% \n   <a href=\"https://laohu8.com/S/CRWD\">CrowdStrike</a> Holdings Inc. Class A  CRWD                                           22.6%                  23.66                                  28.08                                   84% \n   <a href=\"https://laohu8.com/S/SHOP\">Shopify Inc</a>.                       SHOP                                           22.3%                  17.37                                  20.55                                   85% \n   <a href=\"https://laohu8.com/S/ARM\">ARM Holdings</a> PLC ADR               ARM                                            20.4%                  33.03                                  35.16                                   94% \n   <a href=\"https://laohu8.com/S/DDOG\">Datadog</a> Inc. Class A               DDOG                                           20.3%                  14.55                                  27.49                                   53% \n   Zscaler Inc.                       ZS                                             20.2%                  15.91                                  25.81                                   62% \n   Tesla Inc.                         TSLA                                           19.6%                  11.24                                  11.64                                   97% \n   Atlassian Corp Class A             TEAM                                           18.9%                   8.15                                   20.2                                   40% \n   Marvell Technology Inc.            MRVL                                           18.7%                   8.72                                  10.38                                   84% \n   <a href=\"https://laohu8.com/S/TTD\">Trade Desk Inc.</a> Class A            TTD                                            16.8%                   9.49                                  23.93                                   40% \n   DexCom Inc.                        DXCM                                           15.0%                   7.19                                  14.17                                   51% \n   Intuitive Surgical Inc.            ISRG                                           14.6%                  18.54                                  18.67                                   99% \n   PDD Holdings Inc. ADR              PDD                                            14.6%                   2.87                                   7.02                                   41% \n   CoStar Group Inc.                  CSGP                                           13.1%                  12.57                                  14.78                                   85% \n   <a href=\"https://laohu8.com/S/WDAY\">Workday</a> Inc. Class A               WDAY                                           13.1%                   6.79                                   9.67                                   70% \n</pre>\n</font><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW The S&amp;P 500 is at its most expensive by this measure. These stocks have bucked the trend.\n</p>\n<p>\n  By Philip van Doorn \n</p>\n<p>\n     The U.S. benchmark just hit its highest price/trailing sales ratio ever \n</p>\n<p>\n     The broad U.S. stock market is trading at a historically high level to companies' revenue. But there are plenty of companies whose stocks haven't followed suit. \n</p>\n<p>\n     In a bull market, it is not unusual to see a cycle of record highs for stock indexes. But what may be more important to investors is how expensive stocks are relative to revenue or earnings. On a price-to-sales basis, the broad U.S. stock market has trended upward and is at its most expensive. But some stocks have bucked the trend, as shown below. \n</p>\n<p>\n     A warning \n</p>\n<p>\n     If you have been worried that the stock market has become overheated, check out this post on X from Charlie Bilello on Aug. 10. \n</p>\n<p>\n     That warning included a long-term chart showing the ratio of the S&amp;P 500's price to trailing sales. These are prices to rolling 12-month revenue figures, weighted by market capitalization. \n</p>\n<p>\n     Through Tuesday's close, the large-cap U.S. benchmark's price/trailing sales ratio had climbed even higher. \n</p>\n<p>\n     Tuesday's closing price/trailing sales ratio of 3.19 for the S&amp;P 500 SPX was very high relative to the average level of 1.88 going back to the end of 1999. But that average reflected the bursting of the dot-com bubble in the early 2000s, as well as the brutal decline from late 2007 through early March 2009 during the financial crisis. \n</p>\n<p>\n     We actually screened the more expensive Nasdaq-100 Index NDX for a tech-oriented screen of stocks that have resisted the high price/sales trend. But let's first dig a bit further into the S&amp;P 500. \n</p>\n<p>\n     The most expensive sectors \n</p>\n<p>\n     If we look back only 10 years, the current valuation is well above average levels for the index and its sectors. Here is a valuation comparison for the 11 sectors of the S&amp;P 500, sorted by price/trailing sales, with the full index at the bottom: \n</p>\n<pre style=\"white-space: pre\">\n   Sector or index           Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Information Technology                     9.76                                   5.22                                  187% \n   Real Estate                                6.50                                   7.19                                   90% \n   Communication Services                     4.42                                   3.27                                  135% \n   Consumer Discretionary                     2.92                                   2.27                                  129% \n   Utilities                                  2.87                                   2.35                                  122% \n   Industrials                                2.85                                   2.06                                  138% \n   Financials                                 2.80                                   2.59                                  108% \n   Materials                                  2.25                                   1.93                                  117% \n   Consumer Staples                           1.49                                   1.34                                  111% \n   Healthcare                                 1.45                                   1.72                                   84% \n   Energy                                     1.31                                   1.27                                  103% \n   S&amp;P 500                                    3.19                                   2.39                                  133% \n                                                                                                                Source: FactSet \n</pre>\n<p>\n     The full S&amp;P 500's price/trailing sales ratio is 33% higher than its 10-year average. The most expensive sector is information technology with a price/trailing sales ratio of 9.76, which is 87% higher than its 10-year average level. \n</p>\n<p>\n     Investors need to keep in mind that the S&amp;P 500 is weighted by market capitalization. This means that three companies - Nvidia Corp. (NVDA), Microsoft Corp. (MSFT) and Apple Inc. (AAPL) - make up 21.2% of the portfolio of the SPDR S&amp;P 500 ETF Trust SPY. And they have a 26.6% weighting in the Invesco QQQ ETF QQQ, which tracks the Nasdaq-100. \n</p>\n<p>\n     You might be interested in seeing how price/trailing sales ratios stack up for the \"Magnificent Seven\" group of stocks. Here they are, sorted by how high the current valuations are to 10-year averages: \n</p>\n<pre style=\"white-space: pre\">\n   Company                 Ticker   Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Meta Platforms Inc.    META                      10.21                                   7.36                                  139% \n   Apple Inc.             AAPL                       8.30                                   7.28                                  114% \n   Microsoft Corp.        MSFT                      13.18                                  11.59                                  114% \n   Amazon.com Inc.        AMZN                       3.56                                   3.16                                  113% \n   Alphabet Inc. Class A  GOOGL                      6.45                                   5.97                                  108% \n   Nvidia Corp.           NVDA                      25.19                                  23.60                                  107% \n   Tesla Inc.             TSLA                      11.24                                  11.64                                   97% \n</pre>\n<p>\n     Aside from Amazon (AMZN), which trades for 3.6 times trailing sales, all of these stocks trade at multiples of the S&amp;P 500's weighted ratio of 3.2. \n</p>\n<p>\n     Tesla (TSLA) is the only member of the Magnificent Seven trading below its 10-year average valuation on this basis. \n</p>\n<p>\n     Getting back to sector valuations, note that among the Magnificent Seven, only Nvidia, Microsoft and Apple are in the S&amp;P information-technology sector. Amazon and Tesla are in the consumer-discretionary sector, while Meta (META) and Alphabet (GOOGL) (GOOG) are in the communications-services sector. \n</p>\n<p>\n     Stock screen - low valuations and high expectations for sales growth through 2027 \n</p>\n<p>\n     The stock market's long rally has been led by Big Tech. An interesting way to screen for stocks bucking the trend of high price/trailing sales valuations is to look at the Nasdaq-100 index - the one tracked by QQQ. This index is made up of the 100 largest nonfinancial companies in the full Nasdaq Composite Index COMP. It is trading at a price/trailing sales ratio of 6.98, which is 47% higher than its 10-year average valuation of 4.76. \n</p>\n<p>\n     Among the Nasdaq-100, 54 stocks are trading below their average 10-year price/trailing sales valuations. To narrow the list further, here are the 20 projected to show the highest compound annual growth rates (CAGR) for sales over the next two years: \n</p>\n<pre style=\"white-space: pre\">\n   Company                             Ticker   Two-year estimated sales CAGR through 2027  Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   MercadoLibre Inc.                  MELI                                           24.4%                   4.67                                   8.34                                   56% \n   CrowdStrike Holdings Inc. Class A  CRWD                                           22.6%                  23.66                                  28.08                                   84% \n   Shopify Inc.                       SHOP                                           22.3%                  17.37                                  20.55                                   85% \n   ARM Holdings PLC ADR               ARM                                            20.4%                  33.03                                  35.16                                   94% \n   Datadog Inc. Class A               DDOG                                           20.3%                  14.55                                  27.49                                   53% \n   Zscaler Inc.                       ZS                                             20.2%                  15.91                                  25.81                                   62% \n   Tesla Inc.                         TSLA                                           19.6%                  11.24                                  11.64                                   97% \n   Atlassian Corp Class A             TEAM                                           18.9%                   8.15                                   20.2                                   40% \n   Marvell Technology Inc.            MRVL                                           18.7%                   8.72                                  10.38                                   84% \n   Trade Desk Inc. Class A            TTD                                            16.8%                   9.49                                  23.93                                   40% \n   DexCom Inc.                        DXCM                                           15.0%                   7.19                                  14.17                                   51% \n   Intuitive Surgical Inc.            ISRG                                           14.6%                  18.54                                  18.67                                   99% \n   PDD Holdings Inc. ADR              PDD                                            14.6%                   2.87                                   7.02                                   41% \n   CoStar Group Inc.                  CSGP                                           13.1%                  12.57                                  14.78                                   85% \n   Workday Inc. Class A               WDAY                                           13.1%                   6.79                                   9.67                                   70% \n</pre>\n<p>\n  (MORE TO FOLLOW) Dow Jones Newswires\n</p>\n<p>\n  August 20, 2025 11:01 ET (15:01 GMT)\n</p>\n<p>\nMW The S&amp;P 500 is at its most expensive by this -2-\n</p>\n<pre style=\"white-space: pre\">\n   Intuit Inc.                        INTU                                           13.0%                  10.36                                  11.21                                   92% \n   Fortinet Inc.                      FTNT                                           11.2%                   9.26                                  11.24                                   82% \n   Autodesk Inc.                      ADSK                                           10.7%                   9.38                                  11.16                                   84% \n   Airbnb Inc. Class A                ABNB                                            9.7%                   6.67                                  12.46                                   53% \n   Vertex Pharmaceuticals Inc.        VRTX                                            9.7%                   8.61                                   9.55                                   90% \n                                                                                                                                                                               Source: FactSet \n</pre>\n<p>\n     These growth projections are based on consensus estimates among analysts polled by FactSet for calendar 2025 through 2027. The estimates are adjusted for companies whose fiscal years don't match the calendar. \n</p>\n<p>\n     In comparison, the projected two-year revenue CAGR through 2027 is 5.4% for the S&amp;P 500 and 9.8% for the Nasdaq-100, according to FactSet. \n</p>\n<p>\n     Click on the tickers for more about each company, ETF or index. \n</p>\n<p>\n     Read: Tomi Kilgore's detailed guide to the information available on the MarketWatch quote page \n</p>\n<p>\n     Don't miss: 20 stocks in the S&amp;P 500 that are high achievers this earnings season \n</p>\n<p>\n     -Philip van Doorn \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 20, 2025 11:01 ET (15:01 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDD":"1倍做空NVDA ETF-Direxion","UPRO":"三倍做多标普500ETF-ProShares","LU1564329115.USD":"Blackrock Dynamic High Income A6 USD","USJW.SI":"ALPHAB 3xLongSG261006","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","OEF":"标普100指数ETF-iShares","BK4077":"互动媒体与服务","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","2NVD.UK":"2X NVIDIA ETP",".SPX":"S&P 500 Index","3NVD.UK":"LS 3X NVIDIA","NVD2.UK":"2X NVIDIA ETP","VOO":"Vanguard标普500ETF","BK4571":"数字音乐概念","SH":"做空标普500-Proshares","TSYW.SI":"TESLA 3xLongSG261006","NVDS.UK":"LS -1X NVIDIA","NVDS":"1.5倍做空NVDA ETF-Tradr","NVDU":"2倍做多NVDA ETF-Direxion","SDS":"两倍做空标普500 ETF-ProShares","USAW.SI":"AMZN 3xLongSG261006","CAGR":"California Grapes International, Inc.","SPXU":"三倍做空标普500ETF-ProShares","NVD3.UK":"LS 3X NVIDIA","SSO":"2倍做多标普500ETF-ProShares","MACW.SI":"APPLE 3xLongSG261006","OEX":"标普100","NVDX":"2倍做多NVDA ETF-T-Rex","SG9999014559.SGD":"United Income Focus Trust Dis SGD","SNVD.UK":"LS -1X NVIDIA","LU2244417387.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) ACC","NVD":"2倍做空NVDA ETF-GraniteShares","SPY":"标普500ETF","NVDY":"NVDA期权收益策略ETF-YieldMax","IVV":"标普500ETF-iShares","NVIW.SI":"NVDA 3xLongSG261006"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2560873107","content_text":"MW The S&P 500 is at its most expensive by this measure. These stocks have bucked the trend.\n\n\n  By Philip van Doorn \n\n\n     The U.S. benchmark just hit its highest price/trailing sales ratio ever \n\n\n     The broad U.S. stock market is trading at a historically high level to companies' revenue. But there are plenty of companies whose stocks haven't followed suit. \n\n\n     In a bull market, it is not unusual to see a cycle of record highs for stock indexes. But what may be more important to investors is how expensive stocks are relative to revenue or earnings. On a price-to-sales basis, the broad U.S. stock market has trended upward and is at its most expensive. But some stocks have bucked the trend, as shown below. \n\n\n     A warning \n\n\n     If you have been worried that the stock market has become overheated, check out this post on X from Charlie Bilello on Aug. 10. \n\n\n     That warning included a long-term chart showing the ratio of the S&P 500's price to trailing sales. These are prices to rolling 12-month revenue figures, weighted by market capitalization. \n\n\n     Through Tuesday's close, the large-cap U.S. benchmark's price/trailing sales ratio had climbed even higher. \n\n\n     Tuesday's closing price/trailing sales ratio of 3.19 for the S&P 500 SPX was very high relative to the average level of 1.88 going back to the end of 1999. But that average reflected the bursting of the dot-com bubble in the early 2000s, as well as the brutal decline from late 2007 through early March 2009 during the financial crisis. \n\n\n     We actually screened the more expensive Nasdaq-100 Index NDX for a tech-oriented screen of stocks that have resisted the high price/sales trend. But let's first dig a bit further into the S&P 500. \n\n\n     The most expensive sectors \n\n\n     If we look back only 10 years, the current valuation is well above average levels for the index and its sectors. Here is a valuation comparison for the 11 sectors of the S&P 500, sorted by price/trailing sales, with the full index at the bottom: \n\n\n   Sector or index           Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Information Technology                     9.76                                   5.22                                  187% \n   Real Estate                                6.50                                   7.19                                   90% \n   Communication Services                     4.42                                   3.27                                  135% \n   Consumer Discretionary                     2.92                                   2.27                                  129% \n   Utilities                                  2.87                                   2.35                                  122% \n   Industrials                                2.85                                   2.06                                  138% \n   Financials                                 2.80                                   2.59                                  108% \n   Materials                                  2.25                                   1.93                                  117% \n   Consumer Staples                           1.49                                   1.34                                  111% \n   Healthcare                                 1.45                                   1.72                                   84% \n   Energy                                     1.31                                   1.27                                  103% \n   S&P 500                                    3.19                                   2.39                                  133% \n                                                                                                                Source: FactSet \n\n\n     The full S&P 500's price/trailing sales ratio is 33% higher than its 10-year average. The most expensive sector is information technology with a price/trailing sales ratio of 9.76, which is 87% higher than its 10-year average level. \n\n\n     Investors need to keep in mind that the S&P 500 is weighted by market capitalization. This means that three companies - Nvidia Corp. (NVDA), Microsoft Corp. $(MSFT)$ and Apple Inc. $(AAPL)$ - make up 21.2% of the portfolio of the SPDR S&P 500 ETF Trust SPY. And they have a 26.6% weighting in the Invesco QQQ ETF QQQ, which tracks the Nasdaq-100. \n\n\n     You might be interested in seeing how price/trailing sales ratios stack up for the \"Magnificent Seven\" group of stocks. Here they are, sorted by how high the current valuations are to 10-year averages: \n\n\n   Company                 Ticker   Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Meta Platforms Inc.    META                      10.21                                   7.36                                  139% \n   Apple Inc.             AAPL                       8.30                                   7.28                                  114% \n   Microsoft Corp.        MSFT                      13.18                                  11.59                                  114% \n   Amazon.com Inc.        AMZN                       3.56                                   3.16                                  113% \n   Alphabet Inc. Class A  GOOGL                      6.45                                   5.97                                  108% \n   Nvidia Corp.           NVDA                      25.19                                  23.60                                  107% \n   Tesla Inc.             TSLA                      11.24                                  11.64                                   97% \n\n\n     Aside from Amazon (AMZN), which trades for 3.6 times trailing sales, all of these stocks trade at multiples of the S&P 500's weighted ratio of 3.2. \n\n\n     Tesla $(TSLA)$ is the only member of the Magnificent Seven trading below its 10-year average valuation on this basis. \n\n\n     Getting back to sector valuations, note that among the Magnificent Seven, only Nvidia, Microsoft and Apple are in the S&P information-technology sector. Amazon and Tesla are in the consumer-discretionary sector, while Meta (META) and Alphabet $(GOOGL)$ $(GOOG)$ are in the communications-services sector. \n\n\n     Stock screen - low valuations and high expectations for sales growth through 2027 \n\n\n     The stock market's long rally has been led by Big Tech. An interesting way to screen for stocks bucking the trend of high price/trailing sales valuations is to look at the Nasdaq-100 index - the one tracked by QQQ. This index is made up of the 100 largest nonfinancial companies in the full Nasdaq Composite Index COMP. It is trading at a price/trailing sales ratio of 6.98, which is 47% higher than its 10-year average valuation of 4.76. \n\n\n     Among the Nasdaq-100, 54 stocks are trading below their average 10-year price/trailing sales valuations. To narrow the list further, here are the 20 projected to show the highest compound annual growth rates (CAGR) for sales over the next two years: \n\n\n   Company                             Ticker   Two-year estimated sales CAGR through 2027  Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   MercadoLibre Inc.                  MELI                                           24.4%                   4.67                                   8.34                                   56% \n   CrowdStrike Holdings Inc. Class A  CRWD                                           22.6%                  23.66                                  28.08                                   84% \n   Shopify Inc.                       SHOP                                           22.3%                  17.37                                  20.55                                   85% \n   ARM Holdings PLC ADR               ARM                                            20.4%                  33.03                                  35.16                                   94% \n   Datadog Inc. Class A               DDOG                                           20.3%                  14.55                                  27.49                                   53% \n   Zscaler Inc.                       ZS                                             20.2%                  15.91                                  25.81                                   62% \n   Tesla Inc.                         TSLA                                           19.6%                  11.24                                  11.64                                   97% \n   Atlassian Corp Class A             TEAM                                           18.9%                   8.15                                   20.2                                   40% \n   Marvell Technology Inc.            MRVL                                           18.7%                   8.72                                  10.38                                   84% \n   Trade Desk Inc. Class A            TTD                                            16.8%                   9.49                                  23.93                                   40% \n   DexCom Inc.                        DXCM                                           15.0%                   7.19                                  14.17                                   51% \n   Intuitive Surgical Inc.            ISRG                                           14.6%                  18.54                                  18.67                                   99% \n   PDD Holdings Inc. ADR              PDD                                            14.6%                   2.87                                   7.02                                   41% \n   CoStar Group Inc.                  CSGP                                           13.1%                  12.57                                  14.78                                   85% \n   Workday Inc. Class A               WDAY                                           13.1%                   6.79                                   9.67                                   70% \n\n\n\nMW The S&P 500 is at its most expensive by this measure. These stocks have bucked the trend.\n\n\n  By Philip van Doorn \n\n\n     The U.S. benchmark just hit its highest price/trailing sales ratio ever \n\n\n     The broad U.S. stock market is trading at a historically high level to companies' revenue. But there are plenty of companies whose stocks haven't followed suit. \n\n\n     In a bull market, it is not unusual to see a cycle of record highs for stock indexes. But what may be more important to investors is how expensive stocks are relative to revenue or earnings. On a price-to-sales basis, the broad U.S. stock market has trended upward and is at its most expensive. But some stocks have bucked the trend, as shown below. \n\n\n     A warning \n\n\n     If you have been worried that the stock market has become overheated, check out this post on X from Charlie Bilello on Aug. 10. \n\n\n     That warning included a long-term chart showing the ratio of the S&P 500's price to trailing sales. These are prices to rolling 12-month revenue figures, weighted by market capitalization. \n\n\n     Through Tuesday's close, the large-cap U.S. benchmark's price/trailing sales ratio had climbed even higher. \n\n\n     Tuesday's closing price/trailing sales ratio of 3.19 for the S&P 500 SPX was very high relative to the average level of 1.88 going back to the end of 1999. But that average reflected the bursting of the dot-com bubble in the early 2000s, as well as the brutal decline from late 2007 through early March 2009 during the financial crisis. \n\n\n     We actually screened the more expensive Nasdaq-100 Index NDX for a tech-oriented screen of stocks that have resisted the high price/sales trend. But let's first dig a bit further into the S&P 500. \n\n\n     The most expensive sectors \n\n\n     If we look back only 10 years, the current valuation is well above average levels for the index and its sectors. Here is a valuation comparison for the 11 sectors of the S&P 500, sorted by price/trailing sales, with the full index at the bottom: \n\n\n   Sector or index           Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Information Technology                     9.76                                   5.22                                  187% \n   Real Estate                                6.50                                   7.19                                   90% \n   Communication Services                     4.42                                   3.27                                  135% \n   Consumer Discretionary                     2.92                                   2.27                                  129% \n   Utilities                                  2.87                                   2.35                                  122% \n   Industrials                                2.85                                   2.06                                  138% \n   Financials                                 2.80                                   2.59                                  108% \n   Materials                                  2.25                                   1.93                                  117% \n   Consumer Staples                           1.49                                   1.34                                  111% \n   Healthcare                                 1.45                                   1.72                                   84% \n   Energy                                     1.31                                   1.27                                  103% \n   S&P 500                                    3.19                                   2.39                                  133% \n                                                                                                                Source: FactSet \n\n\n     The full S&P 500's price/trailing sales ratio is 33% higher than its 10-year average. The most expensive sector is information technology with a price/trailing sales ratio of 9.76, which is 87% higher than its 10-year average level. \n\n\n     Investors need to keep in mind that the S&P 500 is weighted by market capitalization. This means that three companies - Nvidia Corp. (NVDA), Microsoft Corp. (MSFT) and Apple Inc. (AAPL) - make up 21.2% of the portfolio of the SPDR S&P 500 ETF Trust SPY. And they have a 26.6% weighting in the Invesco QQQ ETF QQQ, which tracks the Nasdaq-100. \n\n\n     You might be interested in seeing how price/trailing sales ratios stack up for the \"Magnificent Seven\" group of stocks. Here they are, sorted by how high the current valuations are to 10-year averages: \n\n\n   Company                 Ticker   Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   Meta Platforms Inc.    META                      10.21                                   7.36                                  139% \n   Apple Inc.             AAPL                       8.30                                   7.28                                  114% \n   Microsoft Corp.        MSFT                      13.18                                  11.59                                  114% \n   Amazon.com Inc.        AMZN                       3.56                                   3.16                                  113% \n   Alphabet Inc. Class A  GOOGL                      6.45                                   5.97                                  108% \n   Nvidia Corp.           NVDA                      25.19                                  23.60                                  107% \n   Tesla Inc.             TSLA                      11.24                                  11.64                                   97% \n\n\n     Aside from Amazon (AMZN), which trades for 3.6 times trailing sales, all of these stocks trade at multiples of the S&P 500's weighted ratio of 3.2. \n\n\n     Tesla (TSLA) is the only member of the Magnificent Seven trading below its 10-year average valuation on this basis. \n\n\n     Getting back to sector valuations, note that among the Magnificent Seven, only Nvidia, Microsoft and Apple are in the S&P information-technology sector. Amazon and Tesla are in the consumer-discretionary sector, while Meta (META) and Alphabet (GOOGL) (GOOG) are in the communications-services sector. \n\n\n     Stock screen - low valuations and high expectations for sales growth through 2027 \n\n\n     The stock market's long rally has been led by Big Tech. An interesting way to screen for stocks bucking the trend of high price/trailing sales valuations is to look at the Nasdaq-100 index - the one tracked by QQQ. This index is made up of the 100 largest nonfinancial companies in the full Nasdaq Composite Index COMP. It is trading at a price/trailing sales ratio of 6.98, which is 47% higher than its 10-year average valuation of 4.76. \n\n\n     Among the Nasdaq-100, 54 stocks are trading below their average 10-year price/trailing sales valuations. To narrow the list further, here are the 20 projected to show the highest compound annual growth rates (CAGR) for sales over the next two years: \n\n\n   Company                             Ticker   Two-year estimated sales CAGR through 2027  Price/ trailing sales  10-year average price/ trailing sales  Current valuation to 10-year average \n   MercadoLibre Inc.                  MELI                                           24.4%                   4.67                                   8.34                                   56% \n   CrowdStrike Holdings Inc. Class A  CRWD                                           22.6%                  23.66                                  28.08                                   84% \n   Shopify Inc.                       SHOP                                           22.3%                  17.37                                  20.55                                   85% \n   ARM Holdings PLC ADR               ARM                                            20.4%                  33.03                                  35.16                                   94% \n   Datadog Inc. Class A               DDOG                                           20.3%                  14.55                                  27.49                                   53% \n   Zscaler Inc.                       ZS                                             20.2%                  15.91                                  25.81                                   62% \n   Tesla Inc.                         TSLA                                           19.6%                  11.24                                  11.64                                   97% \n   Atlassian Corp Class A             TEAM                                           18.9%                   8.15                                   20.2                                   40% \n   Marvell Technology Inc.            MRVL                                           18.7%                   8.72                                  10.38                                   84% \n   Trade Desk Inc. Class A            TTD                                            16.8%                   9.49                                  23.93                                   40% \n   DexCom Inc.                        DXCM                                           15.0%                   7.19                                  14.17                                   51% \n   Intuitive Surgical Inc.            ISRG                                           14.6%                  18.54                                  18.67                                   99% \n   PDD Holdings Inc. ADR              PDD                                            14.6%                   2.87                                   7.02                                   41% \n   CoStar Group Inc.                  CSGP                                           13.1%                  12.57                                  14.78                                   85% \n   Workday Inc. Class A               WDAY                                           13.1%                   6.79                                   9.67                                   70% \n\n\n  (MORE TO FOLLOW) Dow Jones Newswires\n\n\n  August 20, 2025 11:01 ET (15:01 GMT)\n\n\nMW The S&P 500 is at its most expensive by this -2-\n\n\n   Intuit Inc.                        INTU                                           13.0%                  10.36                                  11.21                                   92% \n   Fortinet Inc.                      FTNT                                           11.2%                   9.26                                  11.24                                   82% \n   Autodesk Inc.                      ADSK                                           10.7%                   9.38                                  11.16                                   84% \n   Airbnb Inc. Class A                ABNB                                            9.7%                   6.67                                  12.46                                   53% \n   Vertex Pharmaceuticals Inc.        VRTX                                            9.7%                   8.61                                   9.55                                   90% \n                                                                                                                                                                               Source: FactSet \n\n\n     These growth projections are based on consensus estimates among analysts polled by FactSet for calendar 2025 through 2027. The estimates are adjusted for companies whose fiscal years don't match the calendar. \n\n\n     In comparison, the projected two-year revenue CAGR through 2027 is 5.4% for the S&P 500 and 9.8% for the Nasdaq-100, according to FactSet. \n\n\n     Click on the tickers for more about each company, ETF or index. \n\n\n     Read: Tomi Kilgore's detailed guide to the information available on the MarketWatch quote page \n\n\n     Don't miss: 20 stocks in the S&P 500 that are high achievers this earnings season \n\n\n     -Philip van Doorn \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 20, 2025 11:01 ET (15:01 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"OEX":0.6,"NVDD":0.6,"SNVD.UK":0.6,"NVDS.UK":0.6,"NVIW.SI":0.6,"VOO":1,"NVD":0.6,"UPRO":0.6,"SPY":1,".SPX":1,"MESmain":0.6,"NVDY":0.6,"3NVD.UK":0.6,"SSO":0.6,"NVDU":0.6,"SDS":0.6,"MACW.SI":0.6,"USAW.SI":0.6,"OEF":0.6,"SH":0.6,"USJW.SI":0.6,"CAGR":1,"NVDX":0.6,"2NVD.UK":0.6,"IVV":0.6,"TSYW.SI":0.6,"SPXU":0.6,"NVDS":0.6,"ESmain":0.6,"NVD3.UK":0.6,"NQmain":0.9,"NVD2.UK":0.6}},"isVote":1,"tweetType":1,"viewCount":1398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}