"The Stargate" is unveiled, will 500 billion open up a new landscape for AI? New Oriental's stock plummeted by 30% after earnings ｜ Review of today's important news

0122 Dolphin's Key Focus:

🐬 Macro/Industry

1. Trump officially announced an artificial intelligence infrastructure investment plan called "Stargate" at the White House. The joint venture Stargate, established by OpenAI, SoftBank, and Oracle, is heavily investing in AI infrastructure, with an expected initial funding of $100 billion, increasing to $500 billion over four years. Stargate is currently the largest AI infrastructure investment project in the United States, reflecting a strong desire for dominance in the AI field. Companies related to AI computing power, data centers, and others are expected to benefit.

🐬 Individual Stocks

1. ByteDance

Reports indicate that ByteDance has invested over $12 billion in AI infrastructure this year, with plans to allocate 40 billion RMB for purchasing AI chips by 2025, which is double the expenditure for 2024. Additionally, there are plans to invest approximately $6.8 billion overseas. Subsequently, ByteDance officially responded that the information is inaccurate.

2. Key Focus on Earnings Report Interpretation and Conference Calls

Netflix: The Dream That iQIYI Can't Reach? Netflix Goes "Crazy Flying", Netflix: Efficient Investment, Entertainment Prospects Still Broad (4Q24 Conference Call Summary)

New Oriental: Another Explosion! Can New Oriental Still Be "Chicken" Up by Parents?, New Oriental: Non-Academic Growth Strong but Continuing to Slow, Study Abroad Pressure Will Drag Down Profitability (2Q25FY Conference Call)

🐬 Leading Sectors

Shanghai and Shenzhen: Cloud and Data Centers, Gas Utilities, Motorcycle Manufacturers;

Hong Kong Stocks: Industrial Gases, Distributors, Silver;

U.S. Stocks: Shipping Ports - Operators, Heavy Electrical Equipment, Independent Power and Renewable Energy Producers.

🐬 Attention for Tomorrow

1. None.

Risk disclosure and statement of this article: Dolphin Investment Research Disclaimer and General Disclosure