Recent share performance puts Meituan in focus With no single headline event driving Meituan (SEHK:3690) today, recent share performance is drawing attention. The stock shows negative returns over the past week, month, past 3 months, year, and three and five year periods. See our latest analysis for Meituan. At the current share price of HK$97.2, Meituan’s recent 1 month share price return of a 5....
Recent share performance puts Meituan in focus With no single headline event driving Meituan (SEHK:3690) today, recent share performance is drawing attention. The stock shows negative returns over the past week, month, past 3 months, year, and three and five year periods. See our latest analysis for Meituan. At the current share price of HK$97.2, Meituan’s recent 1 month share price return of a 5.91% decline sits alongside a 1 year total shareholder return of a 34.41% decline. This suggests...
Baidu, Inc. (NASDAQ:BIDU) is one of the Top 15 Chinese Companies on US Exchanges. On January 20, WSJ reported that Baidu, Inc.’s AI assistant has surpassed 200 million monthly active users. Amid the growing AI competition among Chinese tech giants, Baidu’s flagship AI model Ernie Assistant is integrated into the company’s leading search engine app […]
Baidu, Inc. (NASDAQ:BIDU) is one of the Top 15 Chinese Companies on US Exchanges. On January 20, WSJ reported that Baidu, Inc.’s AI assistant has surpassed 200 million monthly active users. Amid the growing AI competition among Chinese tech giants, Baidu’s flagship AI model Ernie Assistant is integrated into the company’s leading search engine app […]
Microsoft Corp. is on track for the record books Thursday, as its more than $400 billion wipeout in stock market valuation would be the second-largest in history if it holds through the close. Shares of the software giant were down 12% as of 1:20 p.m., their biggest intraday plunge since March 2020, erasing roughly $424 billion in market value. The decline was triggered by Microsoft’s earnings aft...
Microsoft Corp. is on track for the record books Thursday, as its more than $400 billion wipeout in stock market valuation would be the second-largest in history if it holds through the close. Shares of the software giant were down 12% as of 1:20 p.m., their biggest intraday plunge since March 2020, erasing roughly $424 billion in market value. The decline was triggered by Microsoft’s earnings after the bell Wednesday, which showed record spending on artificial intelligence as growth at its key cloud unit slowed. The only larger one-day valuation destruction in stock market history was Nvidia Corp. ’s $593 billion rout last year after the launch of DeepSeek’s low-cost AI model. Microsoft’s move is larger than the market capitalizations of about 96% of S&P 500 Index members and bigger than the values of stock markets in countries such as Finland, Vietnam and Poland, according to data compiled by Bloomberg The chill is being felt elsewhere as well, with peers including Alphabet Inc. and Nvidia each shedding more than $100 billion at one point on Thursday. The selloff comes amid heightened skepticism from investors that the hundreds of billions of dollars Big Tech is spending on AI will eventually pay off. Microsoft’s results showed a 66% rise in capital expenditures in its most recent quarter to a record $37.5 billion, while growth at its closely tracked Azure cloud-computing unit slowed from the prior quarter. “Since it is becoming even more evident that Microsoft is not going to garner a strong ROI from their massive AI investment, their shares need to be revalued back down to a level that is more consistent with its historic fair value,” said Matthew Maley , Chief Market Strategist at Miller Tabak + Co. The roughly 12% drop in Microsoft’s share price is among the worst in its history. Since it’s initial public offering in 1986, the stock has only seen a handful of days with bigger declines, including on Black Monday in 1987, during the dot-com bubble, and at the he...
Nvidia Corp. provided technical support that helped DeepSeek improve its breakthrough artificial intelligence model despite US export controls designed to restrict the Chinese startup’s access to high-end American chips, according to the Republican head of the House China committee. DeepSeek achieved cutting-edge performance with its R1 model thanks to what Nvidia called “an optimized co-design of...
Nvidia Corp. provided technical support that helped DeepSeek improve its breakthrough artificial intelligence model despite US export controls designed to restrict the Chinese startup’s access to high-end American chips, according to the Republican head of the House China committee. DeepSeek achieved cutting-edge performance with its R1 model thanks to what Nvidia called “an optimized co-design of algorithms, frameworks and hardware” for using its H800 processors, Representative John Moolenaar wrote in a letter Wednesday to US Commerce Secretary Howard Lutnick . Nvidia also proposed offering DeepSeek as an enterprise-ready product to be deployed on its hardware, Moolenaar wrote, citing records obtained from the chipmaker. “In effect, Nvidia’s technical support allowed DeepSeek to extract near-frontier performance from ‘deprecated’ H800 chips, undermining the export-control bottlenecks that US policy was designed to impose,” he wrote. Nvidia’s internal reporting shows that DeepSeek-V3 requires only 2.8 million H800 GPU hours for its full training, according to the letter. Nvidia created the H800 as a hobbled version of its H100 chip in 2023 to comply with existing export control rules, and the processor was allowed to be sold to Chinese customers until October of that year. The letter offers more detail on the extent to which Nvidia was actively working to help DeepSeek design the best model possible in the face of semiconductor constraints. The records obtained by the committee included communications between Nvidia and DeepSeek from June 2024 to May 2025. Read More: US Clears Path for Nvidia to Sell H200s to China Via New Rule Moolenaar said Nvidia’s collaboration with DeepSeek should spur tough enforcement of US conditions for allowing shipments of the company’s H200s to China following President Donald Trump ’s decision in December to ease restrictions on some AI chip sales to the world’s second-largest economy. The Commerce Department has since spelled out terms...