Core Viewpoint - The Computer ETF (159998) and Cloud Computing ETF (517390) have shown significant growth in recent months, driven by strong performance in the AI and computing sectors, supported by favorable government policies and industry developments [6][8]. Group 1: Performance Metrics - As of September 9, 2025, the Computer ETF (159998) has increased by 12.10 billion in scale over the past year and has seen a growth of 6.70 million shares this year [6]. - The Cloud Computing ETF (517390) has achieved a cumulative increase of 20.44% in the past month, ranking first among comparable funds [6]. - The Cloud Computing ETF (517390) has experienced a scale growth of 3.88 million in the last three months, also ranking first among comparable funds [6]. Group 2: Fund Flows - The Cloud Computing ETF (517390) has recorded a net inflow of 635.56 million, with a total of 6029.64 million net inflow over the last ten trading days [7]. - The Computer ETF (159998) covers a broad range of sectors, including AI software and hardware, providing comprehensive exposure to the technology landscape [7]. Group 3: Industry Developments - Recent government initiatives, such as the "2025-2026 Action Plan for Stable Growth in the Electronic Information Manufacturing Industry," aim to boost the growth of the computer and communication sectors, targeting an average growth rate of around 7% [8]. - The launch of the first domestic AI computing open architecture by Zhongke Shuguang and over 20 industry partners highlights the rapid advancements in AI technology [8]. Group 4: Market Outlook - Analysts from Jianghai Securities and Galaxy Securities express optimism about the future of AI applications, predicting significant growth in the AI market, with expectations of reaching a market size of 3.68 trillion by 2034 [9].

It took Oracle (ORCL) 17 years to get back to the all-time highs it booked in the 2000 Dot-com Bubble. But in a single evening, it's minting the entirety of the fortune it took over a decade to earn back. The cloud giant reported earnings Tuesday evening, narrowly missing on both the top and bottom line. Revenue grew 12% year-over-year to $14.9 billion, led higher by rapid growth in cloud infrastructure revenue (+55% YoY to $3.3 billion) and cloud revenue (+28% YoY to $7.2 billion). Non-GAAP earnings per ...

Group 1 - Alibaba Group's stock experienced a significant increase of 4% following an analyst's price-target hike, outperforming the S&P 500 index which rose by only 0.3% [1] - Barclays analyst Jiong Shao raised Alibaba's fair value assessment to $190 per ADR, a 31% increase from the previous target of $145, while maintaining a buy recommendation [2][7] - The bullish outlook is primarily driven by Alibaba's cloud computing unit, which reported a year-over-year revenue growth of 26% in the second quarter [3] Group 2 - Despite missing consensus analyst estimates for revenue and profitability in the second quarter, analysts remain optimistic about Alibaba's future, with several raising their price targets [4][5] - Arete's analyst Zixiao Yang upgraded Alibaba's recommendation from neutral to buy, setting a new price target of $152 per ADR [5]

Amazon.com, Inc. (NASDAQ:AMZN) is one of the Buzzing AI Stocks on Wall Street. On September 4, Barclays analyst Ross Sandler reiterated an Overweight rating on the stock with a $275.00 price target. The firm looked at the math on how well Amazon Web Services is growing from AI workloads compared to non-AI workloads, with particular focus on Anthropic’s contribution to AWS revenue. It revealed that currently, Anthropic is only adding an estimated 100 basis points to AWS growth in Q2 2025. However, once Cl ...

By Juby Babu (Reuters) - Oracle said on Tuesday it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars, boosted by growing demand for its relatively low-cost cloud infrastructure services and sending its shares up 27% after the bell. The company's remaining performance obligations, or RPO, the most popular measure of booked revenue, jumped 359% to $455 billion in the first quarter, ended August 31. "Over the next few months, we expect to sign-up several a ...

Core Insights - Google is leveraging its artificial intelligence capabilities to enhance its cloud computing business, with significant growth in revenue and operating income reported [1][2][3] Cloud Computing Growth - Google Cloud reported second-quarter revenue of $13.62 billion, a 32% increase year-over-year, surpassing estimates of $13.14 billion, driven by AI-related workloads [2] - The cloud business has an order backlog of $106 billion, with more than 50% expected to convert to revenue within the next two years [4] - Google Cloud's operating profit increased by 141% year-over-year to $2.83 billion in the second quarter [6] AI Integration and Market Demand - Google has developed AI Gemini models tailored for specific industries, including financial services and pharmaceuticals [5] - Demand for AI solutions is emerging from various sectors, including traditional enterprises, capital markets, and high-performance computing applications [6] Capital Expenditure and Strategic Positioning - Google anticipates capital spending to reach $85 billion by 2025, a 62% increase, primarily for AI-related infrastructure [7] - The cloud business is gaining traction with enterprise customers, moving away from reliance on tech companies [8] Stock Performance - Google stock rose 2.4% to close at $239.63, with a 26% gain in 2025 after a slow start [9] - The stock holds a Composite Rating of 98 out of 99, indicating strong growth potential [10]

Group 1 - Nebius (NBIS) shares surged nearly 50% following a $19.4 billion cloud-computing deal with Microsoft (MSFT) [1] - The deal involves Nebius supplying dedicated AI infrastructure to Microsoft from a new data center in Vineland, New Jersey, addressing the rising demand for generative AI workloads [1][4] - Nebius stock has increased approximately 395% from its year-to-date low in early April, indicating strong market performance [2] Group 2 - The Microsoft deal enhances Nebius' visibility among hyperscalers and provides multi-year revenue certainty, which is expected to unlock further upside in shares through 2025 [3] - The agreement is seen as a significant boost to Nebius' GPU-as-a-Service business, driving top-line growth in upcoming quarters [5] - Despite the positive outlook, analysts from Goldman Sachs maintain a $77 price target on NBIS shares, suggesting they are currently expensive at a price-sales (P/S) multiple of 131x [5][6]

Core Idea - CoreWeave has launched a venture capital arm, CoreWeave Ventures, aimed at investing in early-stage artificial intelligence startups, leading to a 9% increase in its stock price [1][2]. Company Overview - CoreWeave specializes in cloud computing optimized for AI workloads, providing access to Nvidia GPUs and fast storage for a diverse clientele, including large enterprises and research labs [4]. - The company went public earlier this year at $40 per share, reaching a high of $187 in June before experiencing a pullback [4]. Investment Focus - CoreWeave Ventures will invest in startups developing tools, infrastructure, or applications for AI, although the specific amount of capital committed has not been disclosed [2]. - The initiative is positioned as an extension of CoreWeave's mission to support high-performance computing for machine learning and generative AI [2]. Strategic Context - The launch of CoreWeave Ventures coincides with a busy period for cloud infrastructure firms focused on AI, highlighted by Nebius's recent $19.4 billion agreement with Microsoft for computing power [5]. - The venture capital arm provides AI startups with an alternative to generalist VC firms, while allowing CoreWeave to invest in the ecosystem it supports and potentially gain early access to innovative breakthroughs [6]. Acquisition Activity - CoreWeave is in the process of acquiring bitcoin miner Core Scientific in a $9 billion all-stock deal, which is pending shareholder and regulatory approvals [6].

Nebius, a fully owned subsidiary of Nebius Group, has formalised a commercial agreement with Microsoft, granting the tech giant access to dedicated GPU infrastructure capacity at its newly established data centre in Vineland, New Jersey. This agreement, which spans five years, will see the provision of GPU services in multiple phases throughout 2025 and 2026. The total value of the contract is approximately $17.4bn extending through to 2031, contingent upon the successful deployment and availability of t ...

Summary of Key Points from China Internet Conference Call Industry Overview - The report focuses on the **China Internet sector**, highlighting the performance of major companies during the 2Q results season and key investor debates regarding future trends and strategies [1][2]. Core Insights and Arguments 1. **2Q Performance**: China Internet companies reported healthy growth with top-line revenue and profits increasing by **14%** and **10%** year-over-year, excluding transaction platforms [1]. 2. **AI and Cloud Growth**: Significant acceleration in AI cloud hyperscaler revenue growth and capital expenditures was noted, with Tencent's fintech business showing positive inflection and Alibaba focusing on improving quick commerce unit economics [1][2]. 3. **Food Delivery and Quick Commerce**: - The competition in food delivery and quick commerce is expected to lead to a long-term market share distribution of **5:4:1** among Meituan, Alibaba, and JD [9]. - Estimated declines in adjusted EBIT for Meituan, Alibaba, and JD for the September quarter are **Rmb-27 billion**, **Rmb-31 billion**, and **Rmb-13 billion** respectively, with Alibaba and JD expected to see EBIT declines of **-53%** and **-97%** year-over-year [2][9]. 4. **AI Applications**: The outperformance of AI applications is attributed to quantifiable revenue growth, with Alibaba Cloud's capital expenditures increasing by **57%** quarter-over-quarter [11]. 5. **Stock Picking Strategy**: A two-pronged approach is recommended for stock picking, focusing on defensive sectors like games and mobility, alongside offensive sectors such as AI beneficiaries and PDD [11]. Additional Important Insights 1. **Market Size Projections**: The total addressable market (TAM) for quick commerce is projected to increase to **Rmb2.2 trillion** by 2030, up from a previous estimate of **Rmb1.5 trillion**, reflecting a compound annual growth rate (CAGR) of **25%** [10][32]. 2. **E-commerce Growth**: Traditional e-commerce platforms like Taobao-Tmall are experiencing slower growth compared to competitors, with JD and PDD showing higher growth rates of **20%+** and **teen percentages** respectively [10]. 3. **Investor Sentiment**: There is ongoing debate among investors regarding whether Alibaba should focus more on defending its traditional e-commerce market share rather than investing in quick commerce [10]. 4. **Future Outlook**: The aggregate profit pool for the China Internet sector is expected to decline further in 3Q25E, primarily due to challenges in e-commerce and local services [11]. Key Stock Ideas - **Games**: Tencent and NetEase - **Mobility**: DiDi and Full Truck Alliance - **Cloud & Data Centers**: Alibaba, GDS, and VNET - **E-commerce**: PDD [1][11].