Q3'25 EPS Review: Where to from Here? Recapping Takeaways & Debates; Focus Stocks Going Forward During this past earnings season, US Internet & Interactive Entertainment companies delivered a volatile array of stock price reactions as investors focused their attention on a few themes that emerged: 20 November 2025 | 4:02PM EST Equity Research Eric Sheridan +1(917)343-8683 | eric.sheridan@gs.com Goldman Sachs & Co. LLC Alex Vegliante, CFA +1(212)934-1878 | alex.vegliante@gs.com Goldman Sachs & Co. LLC AMERIC ...

M Global Insight November 16, 2025 06:00 PM GMT 2026 Global Economics Outlook At the Crossroads Global growth and inflation have an unusually wide range of outcomes in 2026, so we use scenarios to frame the picture. The base case sees continued disinflation and growth settling near potential in 2027… but potential itself might improve. We show two upside scenarios contrasting the forces of stronger spending and rising productivity, while the downside scenario is mild. Morgan Stanley does and seeks to do bus ...

Ac t i o n | 20 Nov 2025 02:46:50 ET │ 19 pages NVIDIA Corp (NVDA.O) Estimate Changes — We revise FY27/FY28 sales by 19%/26% reflecting what we now expect to be a re-accelerated DC sales backed by better-than expected Blackwell and Rubin demand visibility. Though pushing down our FY27E/FY28E non-GAAP GM estimates to 75%/75.3% from prior 76%/76.1% respectively, our FY27/28 EPS estimates go up by 12%/19% to $8.10 and $10.08, respectively. We raise our TP to $270 on consistent 30x P/E times revised CY27 EPS po ...

Technology + Politics 技术 + 政治 Trump Team Internally Floats Idea of Selling Nvidia H200 Chips to China 特朗普团队内部曾提出向中国出售英伟达 H200 芯⽚的想法 Tap to unmute Advertisement⼴ 告 0:27 Trump Team Internally Floats Selling Nvidia H200 Chips to China 特朗普团队内部讨论向中国出售英伟达 H200 芯⽚。 By Mackenzie Hawkins and Jenny Leonard 作者： ⻨肯⻬·霍⾦斯和珍妮·伦纳德 November 22, 2025 at 2:49 AM GMT+8 Updated on 更新于 November 22, 2025 at 4:47 AM GMT+8 Save 节 省 Listen听 6:40 Translate 翻译 Takeaways by Bloomberg AI 据知情⼈⼠透露，美国官员正在就英伟达公司是否向中国出售其 H200 ⼈⼯智能芯⽚进⾏初步讨论。 N ...

AI demand remains the engine of the upturn AI compute is now the key engine of growth (37% of global semis revenue in '25 vs. 10% in '20), with data center investment by hyperscalers projected to deliver 24% CAGR to US$1.2tn by '30, driving high performance computing demand and sustaining order backlogs for advanced nodes and packaging. Outside AI, the traditional tech devices (smartphone, PC and TV) units are stabilizing, while broad-based automotive/industrial applications are bottoming out. At healthy in ...

Accessible version Basic Materials - China (H/A) AI Infra takeaways on metals – aluminum, copper to shine, uranium/ minor metals Industry Overview We hosted Asia AI Infrastructure & Robotics Conference during 12-18 Nov, featuring 35 experts/companies across metals, power equipment, ESS, cooling, etc. We summarize our takeaways from Zijin, Chalco, Hongqiao, CMOC, CGN Mining, copper expert, tungsten & uranium expert (see inner pages for details). Aluminum – supply tightness, high margin persists Aluminum dema ...

Weekend Thoughts. 周末随想。 47/52. US flow colour, AI Platform stocks, EU Peace Deal basket, China's 15th FYP basket. 46/52。新兴市场的⼗年，亚洲五⼤主题。 47/52。美国资⾦流向⾊谱、⼈⼯智能平台股票、欧盟和平协议篮⼦、中国第⼗五个五年规划 篮⼦。 Past notes: 过去的笔记： • 46/52. EM decade, Asia's 5 themes. 44/52。最后两个⽉。 • 41/52. Bubble watch, Komeito surprise, $4900 Gold. 第 41/52 期。泡沫观察，公明党意外，4900 美元⻩⾦。 1/ This week in US. 1/ 本周美国情况。 Seeing significant HF covers in these macro products across our trading desks. Shorts across US-listed ETFs increased +4.6% on Friday – to put ...

Accessible version Equity Strategy - Asia Pacific (H/A) Asia AI tech playbook: subsector mapping and battleground opportunities Equity Strategy Asia AI tech: USD6tn market cap across >330 stocks Following our APAC AI strategy report on Sep 2nd (link), which outlined the AI ecosystem in the region, we collaborated with our fundamental analysts to identify 330+ APAC stocks across 22 subsectors in the AI technology layer, with an aggregate market cap of nearly USD6tn. While some subsectors have limited presenc ...

November 20, 2025 01:57 AM GMT Kingdee International Software Group | Asia Pacific M Update Asia Pacific Summit 2025 Feedback Overall revenue growth and profitability ramping-up are well on track, and the recent demand pick up is an incremental positive. Business updates and outlook: Kingdee's business in 2H25 is on track, with signs of demand recovery among SME customers in September and October, reflected in a pick-up in new orders, while large enterprises remained stable. Initial expectations for 2026 in ...

24 November 2025 | 2:24AM HKT Equity Research Baidu.com Inc. (BIDU): NDR takeaways: Key focus on AI powered business, advertising and unlocking asset value We hosted Baidu's Investor Relations team with investors on Nov 21, where investors' key focus and our takeaways were centered around: 1) AI powered business driver and margin; 2) Advertising revenue outlook and when it turns around; 3) Shareholder return and unlocking asset value. We summarize our key takeaways within the report. Maintain Buy on Baidu w ...