Core Viewpoint - The company, Qizhan Holdings (01808.HK), announced the sale of 30,000 shares of PLTR stock by its wholly-owned subsidiary, Qizhan Hong Kong, between January 22, 2025, and August 6, 2025, at prices ranging from $76.94 to $175.27 per share, excluding transaction costs [1] Summary by Relevant Sections - The average selling price of PLTR shares was approximately $143.34, leading to a total sale amount of $4,300,327 [1] - As of the announcement date, the group holds 1,000 shares of PLTR stock [1]

Summary of Key Points from Conference Call Records Industry or Company Involved - **Unity Technologies (U)** [2][3] - **Marvell Technology (MRVL)** [4][5] - **ASML** [7][8][10] - **Amazon (AMZN)** [12] - **Palantir Technologies (PLTR)** [13][14] - **Roblox (RBLX)** [15][16] - **Alphabet (GOOGL)** [17][18][19] - **Twilio (TWLO)** [21][22] - **Nvidia (NVDA)** [24][25] - **Advanced Micro Devices (AMD)** [26] - **Meta Platforms (META)** [27][28][29] - **Uber (UBER)** [30][31] - **Booking Holdings (BKNG) and Expedia (EXPE)** [32] - **IBM** [32] Core Points and Arguments Unity Technologies - Jefferies raised Unity's price target to $35 due to positive feedback on its Vector ad product, with ROAS gains now in the 10-20% range, up from 5-7% last quarter [2][3] - Unity's 2025 ad share intent increased by 119 basis points year-over-year [2] Marvell Technology - Fubon Jefferies stated that Alchip is extending its lead over Marvell, with expectations for Alchip to ramp production to 2 million units compared to Marvell's 300,000 [4][5] ASML - ASML's Q2 revenue was €7.69 billion, up 23% year-over-year, with a gross margin of 53.7% [8] - The company provided a Q3 revenue guidance of €7.4-7.9 billion, which was below market expectations [8][10] - Management expressed uncertainty about 2026 growth due to macroeconomic factors [9] Amazon - Bank of America removed Amazon from its US 1 list, citing weaker-than-expected performance during Prime Day [12] Palantir Technologies - Mizuho upgraded Palantir to Neutral, raising the price target to $135, citing strong momentum in AI-driven segments [13][14] Roblox - JPMorgan raised Roblox's price target to $125, highlighting record engagement and bookings growth [15][16] Alphabet - Needham raised Alphabet's price target to $210, citing strength in digital ads and YouTube [17][18] - Cantor Fitzgerald also raised its price target to $196, anticipating strong Q2 results driven by Search and YouTube [19] Twilio - Mizuho noted Twilio's upcoming price hikes in voice and email services, which could add 1-2 percentage points to growth in 2025/2026 [21][22] Nvidia - Goldman Sachs reiterated a Buy rating on Nvidia, projecting potential EPS upside from the resumption of H20 GPU shipments to China [24][25] Advanced Micro Devices - Wells Fargo raised AMD's price target to $185, citing strong data center performance and inventory signals [26] Meta Platforms - Canaccord raised Meta's price target to $850, highlighting strong performance across ad products and AI tools [27][28] - Cantor Fitzgerald also raised its price target to $828 based on solid Q2 ad trends [29] Uber - TD Cowen expects Uber to report Q2 gross bookings of $46 billion, driven by strong performance in Mobility and Delivery [30][31] Booking Holdings and Expedia - Barclays warned of soft U.S. travel trends, expressing caution about rebound expectations for travel stocks [32] IBM - Stifel raised IBM's price target to $310, citing a strong setup for Q2 and a stable defensive profile [32] Other Important but Possibly Overlooked Content - The overall sentiment in the tech sector appears mixed, with some companies experiencing strong growth while others face challenges due to macroeconomic uncertainties [9][12][32] - The focus on AI and digital transformation continues to drive investment and growth expectations across multiple sectors, particularly for companies like Palantir and Nvidia [13][24] - The competitive landscape in the semiconductor industry is intensifying, with companies like Alchip gaining significant advantages over established players like Marvell [4][5]

Investment Rating - The report maintains a "Recommended" rating for the electric power equipment sector [6][18]. Core Viewpoints - The overseas AI companies have frequently exceeded expectations, indicating the arrival of a resonant era between domestic and foreign AI sectors. This week, companies like Credo and Wistron reported better-than-expected Q1 results, while major players in the copper cable and AI application sectors, such as Amphenol and Palantir, continue to see stock price increases [5][14]. - The domestic AI sector is experiencing a rebound, driven by strong performance metrics, such as the monthly payment amount for Keling AI exceeding 100 million RMB for two consecutive months [5][14]. - The report suggests that the current AI market cycle will see continued valuation recovery in overseas chains, while domestic chains have a straightforward logic with strong upward expectations. Specific recommendations include focusing on Weichai Heavy Machinery, Kehua Data, Tonghe Technology, and others in the HVDC and server power supply segments [6][17]. Summary by Sections Investment Viewpoints - The report emphasizes that both overseas and domestic AI sectors are poised for significant growth, with specific recommendations for companies like Weichai Heavy Machinery and Kehua Data, which are expected to benefit from increasing market penetration and power enhancements [6][17]. Industry Dynamics - The report highlights recent advancements in AI, including the launch of the Qwen3-Embedding series by Alibaba, which has shown exceptional performance in text representation and ranking tasks [5][14]. - It also notes the ongoing developments in the education sector with the introduction of EduBench, a comprehensive evaluation benchmark for educational scenarios [20]. Key Companies and Earnings Forecast - The report provides a detailed earnings forecast for several key companies, including: - Weichai Heavy Machinery (32.09 RMB, EPS: 0.56 in 2024, PE: 30.99) [19] - Kehua Data (43.5 RMB, EPS: 0.68 in 2024, PE: 42.35) [19] - Yingweike (26.72 RMB, EPS: 0.61 in 2024, PE: 66.43) - Buy rating [19] - Maigemi Te (47.21 RMB, EPS: 1.08 in 2024, PE: 43.71) - Buy rating [19] - Tonghe Technology (18.77 RMB, EPS: 0.13 in 2024, PE: 144.38) - Increase rating [19] - Oulutong (112.04 RMB, EPS: 2.65 in 2024, PE: 40.32) [19] - Shenling Environment (35.54 RMB, EPS: 0.43 in 2024, PE: 82.65) - Buy rating [19]

Investment Rating - The report maintains a "Recommended" rating for the power equipment sector [6][18]. Core Viewpoints - The overseas AI companies have frequently exceeded expectations, indicating the arrival of a resonant era between domestic and foreign AI sectors. This has catalyzed a rebound in the domestic AI sector [5][14]. - The report suggests that the valuation of overseas AI chains is likely to continue recovering, while the domestic chain logic is relatively straightforward, both showing strong upward potential [6][17]. - The report highlights the performance of key companies in the power equipment sector, recommending specific stocks based on their growth potential and market conditions [9][19]. Summary by Sections Investment Insights - The report emphasizes that the current AI market is witnessing a strong recovery in valuations, with specific recommendations for companies such as Weichai Heavy Machinery, Kehua Data, and others in the HVDC and server power supply segments [6][17]. Industry Dynamics - The report discusses the recent performance of the power equipment sector, noting a decline of 0.54% in the last week, ranking it 15th among 28 sub-industries [40]. - It also tracks the performance of various companies within the sector, highlighting significant gains for companies like Shun Sodium and Kehua Data [42]. Key Companies and Earnings Forecast - The report provides earnings forecasts for several companies, including: - Weichai Heavy Machinery (EPS: 0.56 in 2024, 0.98 in 2025E, 1.52 in 2026E) [19] - Kehua Data (EPS: 0.68 in 2024, 1.3 in 2025E, 1.7 in 2026E) [19] - Yingweike (EPS: 0.61 in 2024, 0.64 in 2025E, 0.83 in 2026E) with a "Buy" rating [19] - Maigemi Te (EPS: 1.08 in 2024, 1.51 in 2025E, 2.07 in 2026E) with a "Buy" rating [19] - Tonghe Technology (EPS: 0.13 in 2024, 0.38 in 2025E, 0.69 in 2026E) with an "Increase" rating [19] - Shunling Environment (EPS: 0.43 in 2024, 1.05 in 2025E, 1.33 in 2026E) with a "Buy" rating [19]. Market Performance - The report notes that the power equipment sector has shown resilience, with a 1.38% increase in the previous week, outperforming the Shanghai Composite Index by 0.25 percentage points [40].

Group 1 - The company SoundHound AI has seen its stock price decline from $24 to approximately $10, indicating significant volatility in its market performance [1] - The author expresses a belief in the long-term potential of SoundHound AI, despite the current stock price drop [1] - The focus of the analysis is on fundamental analysis, valuation, and long-term growth potential, particularly in sectors like AI, fintech, and technology [1] Group 2 - The author has a beneficial long position in shares of PLTR, indicating a positive outlook on this company's stock [2] - The article reflects the author's personal opinions and is not influenced by any compensation from companies mentioned [2] - There is an emphasis on providing data-driven analysis to assist investors in making informed decisions regarding stock investments [1]