Market Overview - The Hang Seng Index closed at 24,906.81 points, up 0.19% for the day and up 24.16% year-to-date[6] - The total trading volume decreased by 2.8% to HKD 200.9 billion[8] - The US Dow Jones Index fell by 0.45% to 43,975 points, while the S&P 500 and Nasdaq dropped by 0.25% and 0.3% respectively[8] Company Performance - Kang Shifu Holdings reported a mid-term profit of RMB 2.271 billion, a year-on-year increase of 20.46%[8] - Yuanyuan Group's mid-term profit attributable to shareholders was USD 171 million, down 7.16% year-on-year[8] - Tianqi Lithium Industries saw a stock increase of 18.2%, while Ganfeng Lithium rose by 20.9%[8] Economic Indicators - The automotive sales in China dropped nearly 11% month-on-month last month according to the China Association of Automobile Manufacturers[3] - The US two-year bond yield is currently at 3.7643%, down 12.07 basis points over the past month[23] Technical Analysis - The Hang Seng Index is currently lacking direction, with the market awaiting significant news, particularly regarding US-China trade negotiations[10] - Short-term index movements are expected to remain within the range of the 10-day and 20-day moving averages[10] Investment Recommendations - Nebius (NBIS.US) is highlighted for its strong growth potential in AI infrastructure, with a recommendation to buy at USD 65 and a target price of USD 75[14] - Tencent Holdings (700.HK) has a suggested buy price of HKD 480 and a target price of HKD 550, with a current price of HKD 554[12]

Group 1 - Nebius, a data center player, reported strong Q2 earnings, marking a successful transformation into a GPU-as-a-Service vendor [1] - The company's journey over the past year has been significant, highlighting its growth and adaptation in the technology sector [1] Group 2 - The focus on GPU-as-a-Service indicates a strategic shift towards high-demand technology services, particularly in the cloud computing space [1]

Core Insights - Nebius Group N.V. (NBIS) aims to achieve $1.1 billion in annualized run-rate revenue (ARR) and $630 million in total group revenues by 2025, with a strong performance in Q2 2025 reporting revenues of $105.1 million, a 625% increase year over year and more than double the previous quarter [1][11] Company Performance - The company's AI cloud infrastructure revenues surged due to high customer demand for copper GPUs, with the platform operating at near-peak utilization [2] - Nebius' core business focuses on an AI cloud platform for intensive workloads, supported by in-house developed software and hardware, with R&D hubs in Europe, North America, and Israel [3] - In Q2, the core unit achieved positive adjusted EBITDA ahead of schedule, with the entire supply of previous-generation hoppers sold out, awaiting the launch of new Blackwell GPUs [4] Growth Strategy - Nebius is expanding its data center capacity significantly, targeting 220 MW of active or GPU-ready power by year-end and over 1 GW by 2026 [5] - The company has raised over $4 billion in capital and has a strong balance sheet, with access to additional funds through its other businesses and investments [7] - Nebius enhanced its cloud software to support growing capacity and large-scale clusters, expanding its customer base with major tech firms [6] Market Context - The global demand for AI-specific infrastructure is increasing, with hyperscalers, startups, and enterprises ramping up GPU investments [2] - Nebius faces competition from technology giants like Microsoft and CoreWeave, which are also expanding their AI capabilities and infrastructure [8][9][10] Financial Metrics - Nebius raised its year-end ARR guidance from $700 million–$1 billion to $900 million–$1.1 billion due to expected sales increases from GPU upgrades and capacity growth [4][11] - The company's shares have surged 642.1% year to date, outperforming the Internet – Software and Services industry, which grew by 41.8% [13]

I am an experienced Risk Management Business Analyst at a Systemic Greek Bank, with a strong background in finance and risk analysis. I hold an MSc in Applied Risk Management from the University of Athens and have completed the ACA Certificate Level. My expertise lies in financial analysis, risk management, data analysis using SQL, Python, and machine learning tools. I have worked in diverse roles, from assurance to financial analysis and trade operations, across leading firms like EY, PwC, Alpha Bank, and ...

Company Overview - Invictus Origin is a high-alpha investment company founded by Oliver Rodzianko in May 2025, aiming to deliver among the highest annual returns globally [1] - The company is developing innovative portfolio strategies, particularly through its flagship High-Alpha Black Swan Portfolio, designed to outperform leading indices like the Nasdaq-100 [1] Investment Strategy - The Invictus Hydra Portfolio maintains approximately 20% in dynamic cash reserves, allowing for strategic value investing during significant market disruptions [1] - The investment process emphasizes fundamental valuation, long-term market cycles, and sector expertise in technology, semiconductors, artificial intelligence, and energy [1] Leadership and Expertise - Oliver Rodzianko has extensive experience as a macro-focused investment analyst and has built a strong reputation through platforms like Seeking Alpha, TipRanks, and GuruFocus [1] - As CEO, Oliver leverages his expertise to establish a firm characterized by resilience, performance, and disciplined capital stewardship [1]

Core Insights - Nebius Group N.V. reported a second-quarter 2025 adjusted net loss of $91.5 million, which is 49% wider than the loss of $61.6 million from the previous year [1][8] - The company's revenues increased significantly by 625% year over year, reaching $105.1 million, primarily driven by strong performance in its core AI cloud business and effective execution by the TripleTen team [1][8] Business Overview - Nebius operates an AI cloud platform designed for intensive workloads, supported by in-house developed software and hardware, with R&D hubs located in Europe, North America, and Israel [2] - The company also manages distinct brands, including Avride (focused on autonomous driving technology) and TripleTen (an edtech platform for tech career reskilling) [2] Financial Performance - The adjusted EBITDA loss for the second quarter was $21 million, an improvement from the $58.1 million loss in the same quarter last year [6] - Sales, general, and administrative expenses decreased by 10% year over year to $68.2 million, while total operating costs and expenses rose by 71% to $216.3 million [6] Investment and Equity Interests - Following an investment transaction in Toloka, Nebius no longer holds majority voting power in the company, which is now accounted for as an equity method investment [3] Stock Performance - Following the earnings announcement, Nebius shares increased by 19% in the trading session, and the stock has surged 59.4% over the past six months, outperforming the Zacks Internet - Software and Services industry's growth of 12.4% [5] Outlook and Guidance - Nebius raised its annualized run rate (ARR) revenue guidance to a range of $900 million to $1.1 billion, citing high demand and closed AI compute contracts [8][11] - The company reaffirmed its group revenue guidance of $450 million to $630 million, excluding previously provided revenue guidance for Toloka [12] - Adjusted EBITDA is expected to be slightly positive at the group level by year-end, although a full-year loss is still anticipated [12] Balance Sheet - As of June 30, 2025, Nebius had cash and cash equivalents amounting to $1,679.3 million, an increase from $1,447 million as of March 31, 2025 [10]

Group 1 - Nebius Group (NBIS) reported significantly better-than-expected revenue for its second fiscal quarter, driven by strong performance in its AI Cloud business [1] - The Cloud platform exhibited impressive top-line growth in the second quarter, indicating robust momentum in this segment [1]

CoreWeave - CoreWeave has established itself as a leading provider of generative AI infrastructure, operating a GPU-centric cloud designed for scaling GenAI workloads [2][3] - The company went public in March, raising $1.5 billion in the largest U.S. tech IPO since 2021, with shares initially priced at $40 and peaking at $187 in June [3][4] - In Q1, CoreWeave reported $982 million in revenue, a 420% increase year-over-year, and signed an $11.9 billion deal with OpenAI [4] - Guidance for Q2 revenue was raised to $1.06-1.10 billion, with a full-year 2025 revenue forecast of $4.9-5.1 billion [5] IREN Limited - IREN Limited, formerly Iris Energy, focuses on combining power-intensive computing with renewable energy, operating data centers optimized for AI workloads [8][10] - The company’s infrastructure is built on NVIDIA's reference architecture, offering 3.2TB/s InfiniBand connectivity, which is attractive for enterprises needing low-latency GPU compute [9] - IREN's shares have increased by 67% in 2025, reflecting the market's growing appreciation for green energy and reliable infrastructure in AI [11] Nebius Group - Nebius Group is a Netherlands-based technology company providing full-stack infrastructure for the global AI industry, operating AI-focused data centers and GPU clusters [13][14] - The company leverages NVIDIA GPUs and custom software to offer an AI-native cloud platform optimized for large-scale AI training and inference [14] - Nebius has raised fresh funding and is expanding its operations in North America and Europe, with its stock up nearly 100% year-to-date and a consensus Buy rating from analysts [15] Industry Overview - The emergence of companies like CoreWeave, IREN, and Nebius highlights the critical role of infrastructure in the AI revolution, as they provide the necessary compute power and data management [16] - These companies are positioned to benefit from the increasing demand for scalable, efficient, and secure AI infrastructure, making them potential investment opportunities [17]

Core Insights - BAD BEAT Investing, led by Quad 7 Capital, has been providing investment opportunities for nearly 12 years, focusing on both long and short trades [1] - The team is recognized for their February 2020 recommendation to sell everything and go short, maintaining an average position of 95% long and 5% short since May 2020 [1] - The investment strategy emphasizes short- and medium-term investments, income generation, special situations, and momentum trades [1] Group 1 - The company comprises a team of 7 analysts with diverse expertise in business, policy, economics, mathematics, game theory, and sciences [1] - BAD BEAT Investing aims to educate investors to become proficient traders through a comprehensive playbook, providing in-depth research with clear entry and exit targets [1] - The firm has a proven track record of success in its investment strategies [1] Group 2 - Benefits of BAD BEAT Investing include understanding market dynamics, executing well-researched trade ideas weekly, and access to multiple chat rooms [2] - Subscribers receive daily summaries of key analyst upgrades and downgrades, along with learning opportunities in basic options trading and extensive trading tools [2]

Group 1 - Nebius Group N.V. (NASDAQ: NBIS) reported positive results for its fiscal Q2 FY 2025, leading to increased optimism among its investors [1] - The investing group Beyond the Wall Investing offers features such as a fundamentals-based portfolio, weekly analysis from institutional investors, and alerts for short-term trade ideas [1] - The article emphasizes the potential savings on equity research reports for subscribers of Beyond the Wall Investing, highlighting the value of access to high-quality analysis [1]