QQQ Return Rate
Rate Of Return📊 Hong Kong & US Stock Weekly Report: AI remains the main theme, Nasdaq enters correction zone
Market Overview
Hong Kong Stocks 🇭🇰
- The Hang Seng Index is approaching 25,000 points, with a market temperature of 75 (warm, gradually recovering)
- Significant volatility this week, with a 1.89% drop on Wednesday led by Pop Mart and Kuaishou
- Southbound capital recorded a net sell of HKD 273.6 billion on Wednesday
U.S. Stocks 🇺🇸
- The Nasdaq has confirmed entry into a correction zone (down over 10% from its high)
- The SPY S&P 500 ETF weakened this week, falling from 656 to around 645
- Geopolitical concerns are weighing on market sentiment
🔥 Main Highlights
1. AI Remains the Absolute Main Theme
- Tencent $TENCENT($TENCENT(700.HK)): Cloud Agent product portfolio unveiled, serving over 110,000 enterprises; poaching talent from ByteDance's Seed team
- Alibaba $BABA-W($BABA-W(9988.HK)): Released a new version of AI Agent chip; subsidiary invested in nuclear fusion company Nova Fusion
- NVIDIA $NVIDIA($NVIDIA(NVDA.US)): GTC conference showcased the Omniverse virtual world; Jensen Huang proposed the concept of an "AI Agent Economy"
2. Tesla Under Pressure
- Weak Q1 delivery expectations, analysts forecast a year-on-year decline of about 4.6%
- Stock price fell this week, dropping 3.55% on Thursday alone
- Elon Musk: Grok Imagine to have a major release next week
3. NVIDIA Valuation Hits One-Year Low
- Stock price fell from 181 to around 171
- Involved in a $1 billion cryptocurrency revenue controversy
- Institutional view: Still the tech leader, but under short-term pressure
4. Divergence Among Chinese Concept Stocks
- Alibaba saw mixed performance this week, with analysts divided on ratings
- Pinduoduo questioned on "whether it has become mediocre"
📈 Opportunities to Watch
| Type | Target | Reason |
|---|---|---|
| AI Application | $TENCENT($TENCENT(700.HK)) | Accelerating commercialization of AI Agent, daily buybacks support stock price |
| Chip Valuation Recovery | $NVIDIA($NVIDIA(NVDA.US)) | Valuation at a one-year low, long-term AI demand unchanged |
| Bottom-fishing Chinese Stocks | $BABA-W($BABA-W(9988.HK)) | AI chip release + nuclear fusion investment, business diversification |
⚠️ Risk Warning: The Nasdaq has entered a technical correction, short-term volatility remains possible; geopolitical tensions; rising oil prices pushing up inflation expectations.
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