Baidu now accounts for 5.32% of the fund’s reportable AUM, which makes it the fund's fifth-largest holding.Contrarius Group Holdings Ltd increased its stake in Baidu (BIDU 0.65%) by 743,205 shares in the third quarter, adding to the position size by an estimated $104.77 million as of the November 12, 2025, SEC filing.What happenedAccording to a filing with the U.S. Securities and Exchange Commission dated November 12, 2025, Contrarius disclosed a significant increase in its stake in Baidu during the third q ...

November 25, 2025 12:13 PM GMT Alibaba Group Holding | Asia Pacific BABA 2QF26: Cloud sight beat, CMR in line, EBITA better than feared Reaction to earnings Strengthens our thesis Modest upside Largely unchanged Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Key Takeaways M Update Morgan Stanley Asia Limited+ Gary Yu Equity Analyst Gary.Yu@morganstanley.com +852 2848-6918 Joanne Lau Research Associate Joanne.CY.L ...

Google (GOOG) (GOOGL) announced on Monday that it has signed a multi-year, multi-million dollar cloud deal with the NATO Communication and Information Agency to boost the organization's digital modernization. Alphabet shares rose 3% in premarket trading. As part of the ...

Business Performance - VNET's wholesale IDC business capacity in service increased by 109MW, a 16.1% QoQ increase, reaching 783MW[8] - Utilized capacity in the wholesale IDC business increased by 70MW, a 13.8% QoQ increase, reaching 582MW, with a utilization rate of 74.3%[8] - Total net revenues reached RMB2,582 million, a 21.7% YoY increase and a 6.1% QoQ increase[8] - Wholesale IDC revenues reached RMB956 million, an 82.7% YoY increase and an 11.9% QoQ increase[8] - Adjusted EBITDA reached RMB758 million, a 27.5% YoY increase and a 3.5% QoQ increase[8] Guidance - Total net revenues guidance raised to RMB9,550 - 9,867 million, reflecting a 16% - 19% YoY increase[8] - Adjusted EBITDA guidance raised to RMB2,910 - 2,945 million, reflecting a 24% - 26% YoY increase[8] - FY2025 capex is expected to be RMB10 billion – 12 billion[58] Customer Orders - Secured three wholesale orders totaling 63MW in 3Q25, including a 20MW order from a leading cloud services provider, a 40MW order from an internet company, and a 3MW order from an intelligent driving company[8] - Secured a 32MW order from an internet company in 4Q25[8] - Secured a combined capacity of around 2MW in multiple retail data centers from customers in various industries in 3Q25[8]

Thailand is propelling its efforts to establish itself as a premier hub for digital infrastructure in Southeast Asia. This move follows the Board of Investment (BOI) granting approval for four new data center projects valued at THB 100 billion (USD 3.1 billion). The country is gearing up to more fiercely compete with Singapore and Malaysia, as the demand for artificial intelligence (AI) and cloud services is growing across the region.Details on New ProjectsThe BOI has confirmed that two of the approved proj ...

Alphabet stock (NASDAQ: GOOG) climbed to a fresh 52-week high on Wednesday, hitting $303.81, as investors embrace the tech giant's AI strategy and strong cloud momentum. The stock's latest leg higher ... ...

Cullen Capital Management, LLC, operating under the name Schafer Cullen Capital Management, Inc. (SCCM), has released its “SCCM Value Equity Strategy” third-quarter investor letter. A copy of the letter can be downloaded here. The US equity market continued the rally in the third quarter, with the S&P 500 returning 8.1% and the Russell 1000 Value surging 5.3%. The value equity strategy returned 6.9% (gross of fees) and 6.8% (net of fees) in the quarter, while the Russell 1000 Value and S&P 500 returned 5.3% ...

Analysts have set an average price target of $46.7 for GDS, indicating a positive outlook and a potential upside of 25.2%.The price target has increased from $40.44 a year ago, reflecting growing optimism about GDS's future potential in the data center industry.Despite a recent 8.1% surge in share price, earnings estimate revisions suggest caution, yet overall sentiment remains optimistic.GDS Holdings Limited (NASDAQ:GDS) is a key player in China's data center industry, providing services like colocation, m ...

Core Insights - Akamai has experienced stock fluctuations, peaking at $101 in early 2025 before declining to approximately $84, driven by consistent business performance and changing investor sentiment [2][3] Business Performance - Akamai reported quarterly revenue of around $1.05 billion, a 5% increase year-over-year, with GAAP net income rising 142% to $140 million and non-GAAP net income increasing about 10% to $269 million [4] - The non-GAAP operating margin improved to approximately 31%, up two percentage points from the previous year, indicating strong profitability despite modest overall growth [4][5] Growth Trends - Revenue growth has been mild, with a 4.8% annual increase over the past three years and a 4.2% increase in the last twelve months, suggesting a deceleration in top-line growth [6][7] - The price-to-sales ratio stands at 2.9 and the P/E ratio at 23.8, indicating that the stock is moderately valued [6][7] Competitive Landscape - Akamai faces significant competition from major players like Amazon AWS, Microsoft Azure, Cloudflare, and Fastly, which could pressure its market share and pricing [9][12] - The company is transitioning from traditional content delivery services to cloud, security, and edge computing, which presents execution risks [9][12] Historical Context - Akamai's stock previously fell 42% from $122 in April 2022 to $70.75 by March 2023, highlighting vulnerability to market corrections despite strong fundamentals [11][13] - Current downside risk for AKAM stock could see it drop to the $60–$65 range, indicating a potential 25–30% decline based on historical performance [13]

Market Overview - The tech sector showed signs of recovery after a significant sell-off, with the Nasdaq Composite rebounding by 0.13% to 22,900.59, ending a three-day losing streak [10] - The S&P 500 experienced a slight decline of 0.05% to 6,734.11, while the Dow Jones Industrial Average fell by 0.65% to 47,147.48 [10] - Earlier in the day, major indexes had dropped sharply, with the Nasdaq down nearly 1.9%, the S&P 1.4%, and the Dow about 1.3% [10] Investor Sentiment - Investor sentiment remains volatile, oscillating between risk-on and risk-off postures, with expectations of increased 1-2% market movements persisting through year-end as investors reposition and de-risk ahead into 2026 [6][11] - Concerns over elevated tech valuations, heavy debt financing, and soaring capital expenditures in AI contribute to market caution, particularly regarding Oracle's reliance on its cloud deal with OpenAI [5][11] Economic Indicators - A FactSet analysis indicated a 33% quarter-over-quarter decline in mentions of tariffs during S&P 500 earnings calls in Q3 compared to Q2 of 2025, with 238 calls mentioning tariffs, down from 357 in the previous quarter [7][11] - Despite the decrease, tariff mentions remain elevated, ranking as the fourth-highest in the past decade, suggesting easing concerns over trade tensions among US companies [8][11] Federal Reserve Outlook - Expectations for a December interest rate cut have diminished, with the probability of a 25 basis point reduction now below 50%, down from nearly 63% earlier in the week and over 95% a month ago [11] - Some Federal Reserve members express concerns over persistent inflation, which could deter further easing this year, and Fed Chair Jerome Powell noted that limited economic data availability due to a recent government shutdown may impact policy decisions [11]