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02-16

Sin dudar, la columna. Vertebrar de todo este ecosistema de AI, será Shanghái biren tecnology.

01-31

News biren tecnology?

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02-18

Seguramente este año nuevo, año del caballo, biren saltará a galopar convirtiéndose en ganador del sector gpgpu

01-16

$BIREN TECH(06082)$ confianza plena en tecnología biren

01-14

$BIREN TECH(06082)$ confianza en proyecto

01-14

Que le pasa a biren tecnology que no repunta?

2025-12-29

Traslate to spanish

China's "Four GPU Dragons" Converge in IPO Race

2025-12-27

Traslate to spanish

Stock Market Outlook: 2026 Will Be Another Year of Turning Lemons Into Lemonade

2025-12-26

Buenos días Cómo puedo cambiar idioma de la aplicación a español?

BRIEF-Shanghai Biren Technology Announces Number Of Offer Shares Under Global Offering 247.7 MLN H Shares

Go to Tiger App to see more news

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Vertebrar de todo este ecosistema de AI, será Shanghái biren tecnology.","listText":"Sin dudar, la columna. Vertebrar de todo este ecosistema de AI, será Shanghái biren tecnology.","text":"Sin dudar, la columna. 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He added that he believed that China was still finalising the licence. Nvidia did not respond to a request for comment on DeepSeek&#39;s approval.</p><p>China&#39;s industry and commerce ministries have granted approvals for all four companies, but have stipulated that they will impose conditions that are still being finalised, the sources said. These conditions are being decided by China&#39;s state planner, the National Development and Reform Commission (NDRC), according to one of the people.</p><p>China&#39;s Ministry of Industry and Information Technology, Ministry of Commerce and NDRC did not answer requests for comment.</p><p>DeepSeek, which rattled the global tech sector early last year by rolling out AI models that cost a fraction of those being developed by U.S. rivals such as OpenAI, did not answer a request for comment.</p><p>The H200, Nvidia&#39;s second most powerful AI chip, has emerged as a major flashpoint in U.S.-China relations. Despite strong demand from Chinese firms and U.S. approval for exports, Beijing&#39;s hesitation to allow imports has been the main barrier to shipments.</p><p>The U.S. earlier this month formally cleared the way for Nvidia to sell the H200 to China, where the company is seeing strong appetite. However, Chinese authorities have the final say on whether they would allow it to be shipped in.</p><p>Any purchases of H200 chips by DeepSeek could draw scrutiny by U.S lawmakers. Reuters reported on Wednesday that a senior U.S lawmaker had alleged that Nvidia had helped DeepSeek hone artificial intelligence models that were later used by the Chinese military, according to a letter sent to U.S. Commerce Secretary Howard Lutnick.</p><p>DeepSeek is expected to launch its next-generation AI model V4, featuring strong coding capabilities, in mid-February, The Information reported earlier this month.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Conditionally Approves DeepSeek To Buy Nvidia's H200 Chips  - Sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Conditionally Approves DeepSeek To Buy Nvidia's H200 Chips  - Sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-01-30 14:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SINGAPORE, Jan 30 (Reuters) - China has given its top AI startup DeepSeek approval to buy Nvidia&#39;s NVDA.O H200 artificial intelligence chips with regulatory conditions that are still being finalised, two people familiar with the matter told Reuters.</p><p>Reuters reported on Wednesday, citing sources, that ByteDance, Alibaba 9988.HK and Tencent 0700.HK had been given permission to purchase more than 400,000 H200 chips in total.</p><p>Nvidia CEO Jensen Huang told reporters in Taipei on Thursday that his company had not received such information. He added that he believed that China was still finalising the licence. Nvidia did not respond to a request for comment on DeepSeek&#39;s approval.</p><p>China&#39;s industry and commerce ministries have granted approvals for all four companies, but have stipulated that they will impose conditions that are still being finalised, the sources said. These conditions are being decided by China&#39;s state planner, the National Development and Reform Commission (NDRC), according to one of the people.</p><p>China&#39;s Ministry of Industry and Information Technology, Ministry of Commerce and NDRC did not answer requests for comment.</p><p>DeepSeek, which rattled the global tech sector early last year by rolling out AI models that cost a fraction of those being developed by U.S. rivals such as OpenAI, did not answer a request for comment.</p><p>The H200, Nvidia&#39;s second most powerful AI chip, has emerged as a major flashpoint in U.S.-China relations. Despite strong demand from Chinese firms and U.S. approval for exports, Beijing&#39;s hesitation to allow imports has been the main barrier to shipments.</p><p>The U.S. earlier this month formally cleared the way for Nvidia to sell the H200 to China, where the company is seeing strong appetite. However, Chinese authorities have the final say on whether they would allow it to be shipped in.</p><p>Any purchases of H200 chips by DeepSeek could draw scrutiny by U.S lawmakers. Reuters reported on Wednesday that a senior U.S lawmaker had alleged that Nvidia had helped DeepSeek hone artificial intelligence models that were later used by the Chinese military, according to a letter sent to U.S. Commerce Secretary Howard Lutnick.</p><p>DeepSeek is expected to launch its next-generation AI model V4, featuring strong coding capabilities, in mid-February, The Information reported earlier this month.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK1608":"元宇宙概念","BK1095":"互动媒体与服务","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0683595622.HKD":"AB SICAV I-EM.MKTS MUL.ASS.PTF(AD)","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU0254981946.USD":"HSBC GIF BRIC MARKETS EQUITY \"AC\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","LU0347712357.USD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (USD) ACC","LU0084288322.USD":"Natixis Asia Equity RD USD","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU1951186391.HKD":"UBS (LUX) KEY SEL CHINA ALLOCATION OPPORTUNITY (US \"P\" (HKD) INC","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","BK1531":"手游股","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0228367735.SGD":"Eastspring Investments - 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China has given its top AI startup DeepSeek approval to buy Nvidia's NVDA.O H200 artificial intelligence chips with regulatory conditions that are still being finalised, two people familiar with the matter told Reuters.Reuters reported on Wednesday, citing sources, that ByteDance, Alibaba 9988.HK and Tencent 0700.HK had been given permission to purchase more than 400,000 H200 chips in total.Nvidia CEO Jensen Huang told reporters in Taipei on Thursday that his company had not received such information. He added that he believed that China was still finalising the licence. Nvidia did not respond to a request for comment on DeepSeek's approval.China's industry and commerce ministries have granted approvals for all four companies, but have stipulated that they will impose conditions that are still being finalised, the sources said. These conditions are being decided by China's state planner, the National Development and Reform Commission (NDRC), according to one of the people.China's Ministry of Industry and Information Technology, Ministry of Commerce and NDRC did not answer requests for comment.DeepSeek, which rattled the global tech sector early last year by rolling out AI models that cost a fraction of those being developed by U.S. rivals such as OpenAI, did not answer a request for comment.The H200, Nvidia's second most powerful AI chip, has emerged as a major flashpoint in U.S.-China relations. Despite strong demand from Chinese firms and U.S. approval for exports, Beijing's hesitation to allow imports has been the main barrier to shipments.The U.S. earlier this month formally cleared the way for Nvidia to sell the H200 to China, where the company is seeing strong appetite. However, Chinese authorities have the final say on whether they would allow it to be shipped in.Any purchases of H200 chips by DeepSeek could draw scrutiny by U.S lawmakers. Reuters reported on Wednesday that a senior U.S lawmaker had alleged that Nvidia had helped DeepSeek hone artificial intelligence models that were later used by the Chinese military, according to a letter sent to U.S. Commerce Secretary Howard Lutnick.DeepSeek is expected to launch its next-generation AI model V4, featuring strong coding capabilities, in mid-February, The Information reported earlier this month.","news_type":1,"symbols_score_info":{"NVDA":2}},"isVote":1,"tweetType":1,"viewCount":2065,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":522287459795672,"gmtCreate":1768546799114,"gmtModify":1768546802382,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/06082\">$BIREN TECH(06082)$ </a> confianza plena en tecnología biren","listText":"<a href=\"https://ttm.financial/S/06082\">$BIREN TECH(06082)$ </a> confianza plena en tecnología biren","text":"$BIREN TECH(06082)$ confianza plena en tecnología biren","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/522287459795672","isVote":1,"tweetType":1,"viewCount":2424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":521650694414776,"gmtCreate":1768372885461,"gmtModify":1768372888735,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/06082\">$BIREN TECH(06082)$ </a> confianza en proyecto","listText":"<a href=\"https://ttm.financial/S/06082\">$BIREN TECH(06082)$ </a> confianza en proyecto","text":"$BIREN TECH(06082)$ confianza en proyecto","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/521650694414776","isVote":1,"tweetType":1,"viewCount":2424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":521649600086456,"gmtCreate":1768372618291,"gmtModify":1768373474545,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Que le pasa a biren tecnology que no repunta?","listText":"Que le pasa a biren tecnology que no repunta?","text":"Que le pasa a biren tecnology que no repunta?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/521649600086456","isVote":1,"tweetType":1,"viewCount":2929,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":516003543556120,"gmtCreate":1766998064173,"gmtModify":1767000182678,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Traslate to spanish&nbsp;","listText":"Traslate to spanish&nbsp;","text":"Traslate to spanish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/516003543556120","repostId":"1143049716","repostType":2,"repost":{"id":"1143049716","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1766398023,"share":"https://ttm.financial/m/news/1143049716?lang=en_US&edition=fundamental","pubTime":"2025-12-22 18:07","market":"sh","language":"en","title":"China's \"Four GPU Dragons\" Converge in IPO Race","url":"https://stock-news.laohu8.com/highlight/detail?id=1143049716","media":"Deep News","summary":"As global computing power competition intensifies, China's GPU industry is witnessing a historic collective breakthrough. Following Moore Thread's listing with a market cap exceeding 300 billion yuan...","content":"<p>As global computing power competition intensifies, China's GPU industry is witnessing a historic collective breakthrough. Following Moore Thread's listing with a market cap exceeding 300 billion yuan on the STAR Market, BIREN TECH has passed the Hong Kong Stock Exchange hearing while MetaX and Tianshu Zhixin are preparing their IPOs—completing the quartet of domestic GPU leaders entering capital markets.</p>\n<p>Though operating in the same sector, these companies demonstrate distinct strategies: from platform-based full-stack ecosystems to quarter-focused profitability and national computing hub partnerships. Each firm is carving unique market niches.</p>\n<p>**Tianshu Zhixin: First-Mover Advantage with Dual Product Lines**  \nAs China's earliest general-purpose GPU designer, Tianshu Zhixin leveraged its first-mover position in mass production to establish supply chain stability. Its Tiankai (training) and Zhikai (inference) product lines have shipped over 53,000 units, driving revenue to 324 million yuan in H1 2025—surpassing its full-year 2023 performance. Client concentration dropped sharply from 94.2% to 38.6% among top five customers since 2022, reflecting broadening market acceptance.</p>\n<p>**Moore Thread: Ecosystem-Centric Platform Play**  \nThe STAR Market newcomer commands a 300+ billion yuan valuation for its MUSA architecture GPUs that simultaneously handle AI, graphics, and scientific computing. Its MTT S80 GPU approaches NVIDIA RTX3060 performance, with five AI clusters sold in H1 2025. Though unprofitable, projected 240% revenue growth to 1.5 billion yuan in 2025 and 70% gross margins signal strong potential.</p>\n<p>**BIREN TECH: State-Backed Infrastructure Specialist**  \nPoised to become Hong Kong's first domestic GPU listing, BIREN TECH recorded 2,500% CAGR revenue growth to 337 million yuan in 2024. Backed by Shanghai State-Owned Capital and others, it specializes in 1,000-GPU clusters and Chiplet technology, having delivered a 180 million yuan telecom operator project. Its rapid adaptation to models like DeepSeek strengthens its position as core infrastructure provider.</p>\n<p>**MetaX: First to Quarterly Profitability**  \nThe AMD-alumni-led firm achieved a 466 million yuan Q2 2025 profit—the first among peers—after its shares surged 568% on debut. With three product lines covering AI/general computing and graphics, MetaX expects 2025 revenue to exceed 1.5 billion yuan. Its Xi Cloud C700 chip targets NVIDIA H100 performance, while cumulative GPU sales surpassed 25,000 units deployed across national computing platforms.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's \"Four GPU Dragons\" Converge in IPO Race</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's \"Four GPU Dragons\" Converge in IPO Race\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2025-12-22 18:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>As global computing power competition intensifies, China's GPU industry is witnessing a historic collective breakthrough. Following Moore Thread's listing with a market cap exceeding 300 billion yuan on the STAR Market, BIREN TECH has passed the Hong Kong Stock Exchange hearing while MetaX and Tianshu Zhixin are preparing their IPOs—completing the quartet of domestic GPU leaders entering capital markets.</p>\n<p>Though operating in the same sector, these companies demonstrate distinct strategies: from platform-based full-stack ecosystems to quarter-focused profitability and national computing hub partnerships. Each firm is carving unique market niches.</p>\n<p>**Tianshu Zhixin: First-Mover Advantage with Dual Product Lines**  \nAs China's earliest general-purpose GPU designer, Tianshu Zhixin leveraged its first-mover position in mass production to establish supply chain stability. Its Tiankai (training) and Zhikai (inference) product lines have shipped over 53,000 units, driving revenue to 324 million yuan in H1 2025—surpassing its full-year 2023 performance. Client concentration dropped sharply from 94.2% to 38.6% among top five customers since 2022, reflecting broadening market acceptance.</p>\n<p>**Moore Thread: Ecosystem-Centric Platform Play**  \nThe STAR Market newcomer commands a 300+ billion yuan valuation for its MUSA architecture GPUs that simultaneously handle AI, graphics, and scientific computing. Its MTT S80 GPU approaches NVIDIA RTX3060 performance, with five AI clusters sold in H1 2025. Though unprofitable, projected 240% revenue growth to 1.5 billion yuan in 2025 and 70% gross margins signal strong potential.</p>\n<p>**BIREN TECH: State-Backed Infrastructure Specialist**  \nPoised to become Hong Kong's first domestic GPU listing, BIREN TECH recorded 2,500% CAGR revenue growth to 337 million yuan in 2024. Backed by Shanghai State-Owned Capital and others, it specializes in 1,000-GPU clusters and Chiplet technology, having delivered a 180 million yuan telecom operator project. Its rapid adaptation to models like DeepSeek strengthens its position as core infrastructure provider.</p>\n<p>**MetaX: First to Quarterly Profitability**  \nThe AMD-alumni-led firm achieved a 466 million yuan Q2 2025 profit—the first among peers—after its shares surged 568% on debut. With three product lines covering AI/general computing and graphics, MetaX expects 2025 revenue to exceed 1.5 billion yuan. Its Xi Cloud C700 chip targets NVIDIA H100 performance, while cumulative GPU sales surpassed 25,000 units deployed across national computing platforms.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1917777945.USD":"安联专题基金Cl AT Acc","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU2506951792.HKD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (HKDHDG)       ACC","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU2452424414.USD":"BGF ESG MULTI-ASSET \"A10\" (USDHDG) INC","SG9999015978.USD":"利安颠覆性创新基金A","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU2063271972.USD":"富兰克林创新领域基金","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1242518931.SGD":"Fullerton Lux Funds - 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TREND \"BAZ\" (EUR) ACC","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143049716","content_text":"As global computing power competition intensifies, China's GPU industry is witnessing a historic collective breakthrough. Following Moore Thread's listing with a market cap exceeding 300 billion yuan on the STAR Market, BIREN TECH has passed the Hong Kong Stock Exchange hearing while MetaX and Tianshu Zhixin are preparing their IPOs—completing the quartet of domestic GPU leaders entering capital markets.\nThough operating in the same sector, these companies demonstrate distinct strategies: from platform-based full-stack ecosystems to quarter-focused profitability and national computing hub partnerships. Each firm is carving unique market niches.\n**Tianshu Zhixin: First-Mover Advantage with Dual Product Lines**  \nAs China's earliest general-purpose GPU designer, Tianshu Zhixin leveraged its first-mover position in mass production to establish supply chain stability. Its Tiankai (training) and Zhikai (inference) product lines have shipped over 53,000 units, driving revenue to 324 million yuan in H1 2025—surpassing its full-year 2023 performance. Client concentration dropped sharply from 94.2% to 38.6% among top five customers since 2022, reflecting broadening market acceptance.\n**Moore Thread: Ecosystem-Centric Platform Play**  \nThe STAR Market newcomer commands a 300+ billion yuan valuation for its MUSA architecture GPUs that simultaneously handle AI, graphics, and scientific computing. Its MTT S80 GPU approaches NVIDIA RTX3060 performance, with five AI clusters sold in H1 2025. Though unprofitable, projected 240% revenue growth to 1.5 billion yuan in 2025 and 70% gross margins signal strong potential.\n**BIREN TECH: State-Backed Infrastructure Specialist**  \nPoised to become Hong Kong's first domestic GPU listing, BIREN TECH recorded 2,500% CAGR revenue growth to 337 million yuan in 2024. Backed by Shanghai State-Owned Capital and others, it specializes in 1,000-GPU clusters and Chiplet technology, having delivered a 180 million yuan telecom operator project. Its rapid adaptation to models like DeepSeek strengthens its position as core infrastructure provider.\n**MetaX: First to Quarterly Profitability**  \nThe AMD-alumni-led firm achieved a 466 million yuan Q2 2025 profit—the first among peers—after its shares surged 568% on debut. With three product lines covering AI/general computing and graphics, MetaX expects 2025 revenue to exceed 1.5 billion yuan. Its Xi Cloud C700 chip targets NVIDIA H100 performance, while cumulative GPU sales surpassed 25,000 units deployed across national computing platforms.","news_type":1,"symbols_score_info":{"NVDL":1,"NVD3.UK":1,"NVDX":1,"NVDS.UK":1,"NVD2.UK":1,"2NVD.UK":1,"NVDU":1,"AMD":1,"SNVD.UK":1,"NVDS":1,"3NVD.UK":1,"NVIW.SI":1,"NVDY":1,"06082":1,"NVDA":1,"NVDD":1,"NVD":1}},"isVote":1,"tweetType":1,"viewCount":3022,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":515292488290912,"gmtCreate":1766831400450,"gmtModify":1766831674356,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Traslate to spanish","listText":"Traslate to spanish","text":"Traslate to spanish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/515292488290912","repostId":"2594292319","repostType":2,"repost":{"id":"2594292319","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1766808000,"share":"https://ttm.financial/m/news/2594292319?lang=en_US&edition=fundamental","pubTime":"2025-12-27 12:00","market":"us","language":"en","title":"Stock Market Outlook: 2026 Will Be Another Year of Turning Lemons Into Lemonade","url":"https://stock-news.laohu8.com/highlight/detail?id=2594292319","media":"Dow Jones","summary":"By any objective measure, U.S. stocks have had a pretty spectacular year. Rising from the ashes of President Donald Trump’s Liberation Day tariffs like a phoenix.","content":"<html><head></head><body><p style=\"text-align: start;\">By any objective measure, U.S. stocks have had a pretty spectacular year. Rising from the ashes of President Donald Trump’s Liberation Day tariffs like a phoenix, powered by tech and the artificial intelligence boom, the S&amp;P 500 is on pace for an annual gain of around 18%, with the 7000 point mark firmly in sight.</p><p>But that assessment only reveals the headline portion of the market’s extraordinary comeback, and to understand where stocks might be headed in 2026, it’s useful to consider one of the prime drivers of 2025’s impressive advance: corporate America as a lemonade stand.</p><p>Handed a bag of lemons in the early spring, both in the form of President Trump’s hastily arranged tariff schedule, a hawkish Federal Reserve, and a shrinking U.S. economy, American companies did what they do best. They found a way to make money.</p><p>Tech led the way over the first half of the year, with an impressive set of updates and outlooks that saved the market from its early April collapse and set the tone for the rest of the year. Other sectors followed suit, and by the end of the third quarter, annual S&amp;P 500 profits were on pace to rise more than 13% from last year.</p><p>Third-quarter profits were more widespread, with sectors such as financials, healthcare, and industrials contributing a larger portion of the benchmark’s $602 billion in overall earnings.</p><p style=\"text-align: start;\">The economy was getting dragged along, as well, with GDP growth over the three months ending in October pegged at an astonishing 4.3%. That advance came despite the longest government shutdown on record and a pullback in the AI investment boom triggered by concerns over surging debt levels and worries over the time it will take for AI projects to start turning a profit.</p><p style=\"text-align: start;\">The S&amp;P 500’s recent run, which produced a record high close of 6932 points on Wednesday, has also powered through some pretty hefty drawdowns in its biggest stocks. <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> shares have fallen nearly 9% from their all-time closing peak in late October, while <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> is down 10%, and <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> 8%.</p><p>It’s also worth noting that both the jump in profitability, and the surprise advance in third quarter GDP, came amid a slowdown in the labor market, where headline unemployment now sits at 4.6%, the highest in four years.</p><p style=\"text-align: start;\">That, in many respects, underscores the adaptability of American companies, which have used new technologies such as AI to improve profits while managing the increased costs from tariffs and the impact of stubbornly elevated inflation.</p><p style=\"text-align: start;\">More of the same, in fact, is expected next year. LSEG data suggest collective S&amp;P 500 profits will rise around 15% to $312 a share, a firmer rate of growth than is forecast for the benchmark itself, which is pegged to rise by around 11% from current levels.</p><p style=\"text-align: start;\">That’s a good sign for investors, as it indicates both improving profitability on the corporate side, and stocks becoming more attractive from a price to earnings perspective. In other words, as companies make more money, index gains become more closely tied to fundamentals than sentiment.</p><p style=\"text-align: start;\">A lower PE ratio for the S&amp;P 500, with improving earnings growth for its constituents, is the sign of a healthy market.</p><p style=\"text-align: start;\">External support is also expected to accelerate, with new leadership at the Fed likely to quicken the pace of interest rate cuts, and tailwinds from the One Big Beautiful Bill Act poised to support consumer spending and lower corporate tax rates.</p><p>That’s not to say risks aren’t hovering: this year’s surge in precious metals prices reflects currency debasement, government debt and inflation concerns that aren’t being checked in the bond market. Geopolitical tensions could upend recent declines in oil and gas prices, and a looming Supreme Court ruling on President Trump’s tariff authority could inject another round of chaos into markets over the coming months.</p><p style=\"text-align: start;\">But if 2025 has taught us anything, it’s that the U.S. corporate lemonade stand will find a way to convert what sour citrus it’s forced to assume into a sweet and refreshing glass of new money.</p><p style=\"text-align: start;\">And we can all drink to that.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Market Outlook: 2026 Will Be Another Year of Turning Lemons Into Lemonade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Market Outlook: 2026 Will Be Another Year of Turning Lemons Into Lemonade\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-27 12:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">By any objective measure, U.S. stocks have had a pretty spectacular year. Rising from the ashes of President Donald Trump’s Liberation Day tariffs like a phoenix, powered by tech and the artificial intelligence boom, the S&amp;P 500 is on pace for an annual gain of around 18%, with the 7000 point mark firmly in sight.</p><p>But that assessment only reveals the headline portion of the market’s extraordinary comeback, and to understand where stocks might be headed in 2026, it’s useful to consider one of the prime drivers of 2025’s impressive advance: corporate America as a lemonade stand.</p><p>Handed a bag of lemons in the early spring, both in the form of President Trump’s hastily arranged tariff schedule, a hawkish Federal Reserve, and a shrinking U.S. economy, American companies did what they do best. They found a way to make money.</p><p>Tech led the way over the first half of the year, with an impressive set of updates and outlooks that saved the market from its early April collapse and set the tone for the rest of the year. Other sectors followed suit, and by the end of the third quarter, annual S&amp;P 500 profits were on pace to rise more than 13% from last year.</p><p>Third-quarter profits were more widespread, with sectors such as financials, healthcare, and industrials contributing a larger portion of the benchmark’s $602 billion in overall earnings.</p><p style=\"text-align: start;\">The economy was getting dragged along, as well, with GDP growth over the three months ending in October pegged at an astonishing 4.3%. That advance came despite the longest government shutdown on record and a pullback in the AI investment boom triggered by concerns over surging debt levels and worries over the time it will take for AI projects to start turning a profit.</p><p style=\"text-align: start;\">The S&amp;P 500’s recent run, which produced a record high close of 6932 points on Wednesday, has also powered through some pretty hefty drawdowns in its biggest stocks. <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> shares have fallen nearly 9% from their all-time closing peak in late October, while <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> is down 10%, and <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> 8%.</p><p>It’s also worth noting that both the jump in profitability, and the surprise advance in third quarter GDP, came amid a slowdown in the labor market, where headline unemployment now sits at 4.6%, the highest in four years.</p><p style=\"text-align: start;\">That, in many respects, underscores the adaptability of American companies, which have used new technologies such as AI to improve profits while managing the increased costs from tariffs and the impact of stubbornly elevated inflation.</p><p style=\"text-align: start;\">More of the same, in fact, is expected next year. LSEG data suggest collective S&amp;P 500 profits will rise around 15% to $312 a share, a firmer rate of growth than is forecast for the benchmark itself, which is pegged to rise by around 11% from current levels.</p><p style=\"text-align: start;\">That’s a good sign for investors, as it indicates both improving profitability on the corporate side, and stocks becoming more attractive from a price to earnings perspective. In other words, as companies make more money, index gains become more closely tied to fundamentals than sentiment.</p><p style=\"text-align: start;\">A lower PE ratio for the S&amp;P 500, with improving earnings growth for its constituents, is the sign of a healthy market.</p><p style=\"text-align: start;\">External support is also expected to accelerate, with new leadership at the Fed likely to quicken the pace of interest rate cuts, and tailwinds from the One Big Beautiful Bill Act poised to support consumer spending and lower corporate tax rates.</p><p>That’s not to say risks aren’t hovering: this year’s surge in precious metals prices reflects currency debasement, government debt and inflation concerns that aren’t being checked in the bond market. Geopolitical tensions could upend recent declines in oil and gas prices, and a looming Supreme Court ruling on President Trump’s tariff authority could inject another round of chaos into markets over the coming months.</p><p style=\"text-align: start;\">But if 2025 has taught us anything, it’s that the U.S. corporate lemonade stand will find a way to convert what sour citrus it’s forced to assume into a sweet and refreshing glass of new money.</p><p style=\"text-align: start;\">And we can all drink to that.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1989763005.USD":"东方汇理教育基金A2 Acc","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - 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Rising from the ashes of President Donald Trump’s Liberation Day tariffs like a phoenix, powered by tech and the artificial intelligence boom, the S&P 500 is on pace for an annual gain of around 18%, with the 7000 point mark firmly in sight.But that assessment only reveals the headline portion of the market’s extraordinary comeback, and to understand where stocks might be headed in 2026, it’s useful to consider one of the prime drivers of 2025’s impressive advance: corporate America as a lemonade stand.Handed a bag of lemons in the early spring, both in the form of President Trump’s hastily arranged tariff schedule, a hawkish Federal Reserve, and a shrinking U.S. economy, American companies did what they do best. They found a way to make money.Tech led the way over the first half of the year, with an impressive set of updates and outlooks that saved the market from its early April collapse and set the tone for the rest of the year. Other sectors followed suit, and by the end of the third quarter, annual S&P 500 profits were on pace to rise more than 13% from last year.Third-quarter profits were more widespread, with sectors such as financials, healthcare, and industrials contributing a larger portion of the benchmark’s $602 billion in overall earnings.The economy was getting dragged along, as well, with GDP growth over the three months ending in October pegged at an astonishing 4.3%. That advance came despite the longest government shutdown on record and a pullback in the AI investment boom triggered by concerns over surging debt levels and worries over the time it will take for AI projects to start turning a profit.The S&P 500’s recent run, which produced a record high close of 6932 points on Wednesday, has also powered through some pretty hefty drawdowns in its biggest stocks. Nvidia shares have fallen nearly 9% from their all-time closing peak in late October, while Microsoft is down 10%, and Amazon 8%.It’s also worth noting that both the jump in profitability, and the surprise advance in third quarter GDP, came amid a slowdown in the labor market, where headline unemployment now sits at 4.6%, the highest in four years.That, in many respects, underscores the adaptability of American companies, which have used new technologies such as AI to improve profits while managing the increased costs from tariffs and the impact of stubbornly elevated inflation.More of the same, in fact, is expected next year. LSEG data suggest collective S&P 500 profits will rise around 15% to $312 a share, a firmer rate of growth than is forecast for the benchmark itself, which is pegged to rise by around 11% from current levels.That’s a good sign for investors, as it indicates both improving profitability on the corporate side, and stocks becoming more attractive from a price to earnings perspective. In other words, as companies make more money, index gains become more closely tied to fundamentals than sentiment.A lower PE ratio for the S&P 500, with improving earnings growth for its constituents, is the sign of a healthy market.External support is also expected to accelerate, with new leadership at the Fed likely to quicken the pace of interest rate cuts, and tailwinds from the One Big Beautiful Bill Act poised to support consumer spending and lower corporate tax rates.That’s not to say risks aren’t hovering: this year’s surge in precious metals prices reflects currency debasement, government debt and inflation concerns that aren’t being checked in the bond market. Geopolitical tensions could upend recent declines in oil and gas prices, and a looming Supreme Court ruling on President Trump’s tariff authority could inject another round of chaos into markets over the coming months.But if 2025 has taught us anything, it’s that the U.S. corporate lemonade stand will find a way to convert what sour citrus it’s forced to assume into a sweet and refreshing glass of new money.And we can all drink to that.","news_type":1,"symbols_score_info":{".SPX":2,".IXIC":2,".DJI":2}},"isVote":1,"tweetType":1,"viewCount":2837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":514942688399896,"gmtCreate":1766746101808,"gmtModify":1766752914943,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Buenos días Cómo puedo cambiar idioma de la aplicación a español?","listText":"Buenos días Cómo puedo cambiar idioma de la aplicación a español?","text":"Buenos días Cómo puedo cambiar idioma de la aplicación a español?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/514942688399896","repostId":"2593174076","repostType":2,"isVote":1,"tweetType":1,"viewCount":2458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":533324404753400,"gmtCreate":1771227717122,"gmtModify":1771227721565,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Sin dudar, la columna. Vertebrar de todo este ecosistema de AI, será Shanghái biren tecnology.","listText":"Sin dudar, la columna. Vertebrar de todo este ecosistema de AI, será Shanghái biren tecnology.","text":"Sin dudar, la columna. Vertebrar de todo este ecosistema de AI, será Shanghái biren tecnology.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/533324404753400","isVote":1,"tweetType":1,"viewCount":2692,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":527429393761800,"gmtCreate":1769789009019,"gmtModify":1769789012841,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"News biren tecnology?","listText":"News biren tecnology?","text":"News biren tecnology?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/527429393761800","repostId":"2607233096","repostType":2,"isVote":1,"tweetType":1,"viewCount":2065,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":534141308483144,"gmtCreate":1771427201515,"gmtModify":1771427205683,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Seguramente este año nuevo, año del caballo, biren saltará a galopar convirtiéndose en ganador del sector gpgpu","listText":"Seguramente este año nuevo, año del caballo, biren saltará a galopar convirtiéndose en ganador del sector gpgpu","text":"Seguramente este año nuevo, año del caballo, biren saltará a galopar convirtiéndose en ganador del sector gpgpu","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/534141308483144","isVote":1,"tweetType":1,"viewCount":2473,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":522287459795672,"gmtCreate":1768546799114,"gmtModify":1768546802382,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/06082\">$BIREN TECH(06082)$ </a> confianza plena en tecnología biren","listText":"<a href=\"https://ttm.financial/S/06082\">$BIREN TECH(06082)$ </a> confianza plena en tecnología biren","text":"$BIREN TECH(06082)$ confianza plena en tecnología biren","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/522287459795672","isVote":1,"tweetType":1,"viewCount":2424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":521650694414776,"gmtCreate":1768372885461,"gmtModify":1768372888735,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/06082\">$BIREN TECH(06082)$ </a> confianza en proyecto","listText":"<a href=\"https://ttm.financial/S/06082\">$BIREN TECH(06082)$ </a> confianza en proyecto","text":"$BIREN TECH(06082)$ confianza en proyecto","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/521650694414776","isVote":1,"tweetType":1,"viewCount":2424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":521649600086456,"gmtCreate":1768372618291,"gmtModify":1768373474545,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Que le pasa a biren tecnology que no repunta?","listText":"Que le pasa a biren tecnology que no repunta?","text":"Que le pasa a biren tecnology que no repunta?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/521649600086456","isVote":1,"tweetType":1,"viewCount":2929,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":516003543556120,"gmtCreate":1766998064173,"gmtModify":1767000182678,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Traslate to spanish&nbsp;","listText":"Traslate to spanish&nbsp;","text":"Traslate to spanish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/516003543556120","repostId":"1143049716","repostType":2,"repost":{"id":"1143049716","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1766398023,"share":"https://ttm.financial/m/news/1143049716?lang=en_US&edition=fundamental","pubTime":"2025-12-22 18:07","market":"sh","language":"en","title":"China's \"Four GPU Dragons\" Converge in IPO Race","url":"https://stock-news.laohu8.com/highlight/detail?id=1143049716","media":"Deep News","summary":"As global computing power competition intensifies, China's GPU industry is witnessing a historic collective breakthrough. Following Moore Thread's listing with a market cap exceeding 300 billion yuan...","content":"<p>As global computing power competition intensifies, China's GPU industry is witnessing a historic collective breakthrough. Following Moore Thread's listing with a market cap exceeding 300 billion yuan on the STAR Market, BIREN TECH has passed the Hong Kong Stock Exchange hearing while MetaX and Tianshu Zhixin are preparing their IPOs—completing the quartet of domestic GPU leaders entering capital markets.</p>\n<p>Though operating in the same sector, these companies demonstrate distinct strategies: from platform-based full-stack ecosystems to quarter-focused profitability and national computing hub partnerships. Each firm is carving unique market niches.</p>\n<p>**Tianshu Zhixin: First-Mover Advantage with Dual Product Lines**  \nAs China's earliest general-purpose GPU designer, Tianshu Zhixin leveraged its first-mover position in mass production to establish supply chain stability. Its Tiankai (training) and Zhikai (inference) product lines have shipped over 53,000 units, driving revenue to 324 million yuan in H1 2025—surpassing its full-year 2023 performance. Client concentration dropped sharply from 94.2% to 38.6% among top five customers since 2022, reflecting broadening market acceptance.</p>\n<p>**Moore Thread: Ecosystem-Centric Platform Play**  \nThe STAR Market newcomer commands a 300+ billion yuan valuation for its MUSA architecture GPUs that simultaneously handle AI, graphics, and scientific computing. Its MTT S80 GPU approaches NVIDIA RTX3060 performance, with five AI clusters sold in H1 2025. Though unprofitable, projected 240% revenue growth to 1.5 billion yuan in 2025 and 70% gross margins signal strong potential.</p>\n<p>**BIREN TECH: State-Backed Infrastructure Specialist**  \nPoised to become Hong Kong's first domestic GPU listing, BIREN TECH recorded 2,500% CAGR revenue growth to 337 million yuan in 2024. Backed by Shanghai State-Owned Capital and others, it specializes in 1,000-GPU clusters and Chiplet technology, having delivered a 180 million yuan telecom operator project. Its rapid adaptation to models like DeepSeek strengthens its position as core infrastructure provider.</p>\n<p>**MetaX: First to Quarterly Profitability**  \nThe AMD-alumni-led firm achieved a 466 million yuan Q2 2025 profit—the first among peers—after its shares surged 568% on debut. With three product lines covering AI/general computing and graphics, MetaX expects 2025 revenue to exceed 1.5 billion yuan. Its Xi Cloud C700 chip targets NVIDIA H100 performance, while cumulative GPU sales surpassed 25,000 units deployed across national computing platforms.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's \"Four GPU Dragons\" Converge in IPO Race</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's \"Four GPU Dragons\" Converge in IPO Race\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2025-12-22 18:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>As global computing power competition intensifies, China's GPU industry is witnessing a historic collective breakthrough. Following Moore Thread's listing with a market cap exceeding 300 billion yuan on the STAR Market, BIREN TECH has passed the Hong Kong Stock Exchange hearing while MetaX and Tianshu Zhixin are preparing their IPOs—completing the quartet of domestic GPU leaders entering capital markets.</p>\n<p>Though operating in the same sector, these companies demonstrate distinct strategies: from platform-based full-stack ecosystems to quarter-focused profitability and national computing hub partnerships. Each firm is carving unique market niches.</p>\n<p>**Tianshu Zhixin: First-Mover Advantage with Dual Product Lines**  \nAs China's earliest general-purpose GPU designer, Tianshu Zhixin leveraged its first-mover position in mass production to establish supply chain stability. Its Tiankai (training) and Zhikai (inference) product lines have shipped over 53,000 units, driving revenue to 324 million yuan in H1 2025—surpassing its full-year 2023 performance. Client concentration dropped sharply from 94.2% to 38.6% among top five customers since 2022, reflecting broadening market acceptance.</p>\n<p>**Moore Thread: Ecosystem-Centric Platform Play**  \nThe STAR Market newcomer commands a 300+ billion yuan valuation for its MUSA architecture GPUs that simultaneously handle AI, graphics, and scientific computing. Its MTT S80 GPU approaches NVIDIA RTX3060 performance, with five AI clusters sold in H1 2025. Though unprofitable, projected 240% revenue growth to 1.5 billion yuan in 2025 and 70% gross margins signal strong potential.</p>\n<p>**BIREN TECH: State-Backed Infrastructure Specialist**  \nPoised to become Hong Kong's first domestic GPU listing, BIREN TECH recorded 2,500% CAGR revenue growth to 337 million yuan in 2024. Backed by Shanghai State-Owned Capital and others, it specializes in 1,000-GPU clusters and Chiplet technology, having delivered a 180 million yuan telecom operator project. Its rapid adaptation to models like DeepSeek strengthens its position as core infrastructure provider.</p>\n<p>**MetaX: First to Quarterly Profitability**  \nThe AMD-alumni-led firm achieved a 466 million yuan Q2 2025 profit—the first among peers—after its shares surged 568% on debut. With three product lines covering AI/general computing and graphics, MetaX expects 2025 revenue to exceed 1.5 billion yuan. Its Xi Cloud C700 chip targets NVIDIA H100 performance, while cumulative GPU sales surpassed 25,000 units deployed across national computing platforms.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1917777945.USD":"安联专题基金Cl AT Acc","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU2506951792.HKD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (HKDHDG)       ACC","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU2452424414.USD":"BGF ESG MULTI-ASSET \"A10\" (USDHDG) INC","SG9999015978.USD":"利安颠覆性创新基金A","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU2063271972.USD":"富兰克林创新领域基金","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1242518931.SGD":"Fullerton Lux Funds - 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TREND \"BAZ\" (EUR) ACC","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143049716","content_text":"As global computing power competition intensifies, China's GPU industry is witnessing a historic collective breakthrough. Following Moore Thread's listing with a market cap exceeding 300 billion yuan on the STAR Market, BIREN TECH has passed the Hong Kong Stock Exchange hearing while MetaX and Tianshu Zhixin are preparing their IPOs—completing the quartet of domestic GPU leaders entering capital markets.\nThough operating in the same sector, these companies demonstrate distinct strategies: from platform-based full-stack ecosystems to quarter-focused profitability and national computing hub partnerships. Each firm is carving unique market niches.\n**Tianshu Zhixin: First-Mover Advantage with Dual Product Lines**  \nAs China's earliest general-purpose GPU designer, Tianshu Zhixin leveraged its first-mover position in mass production to establish supply chain stability. Its Tiankai (training) and Zhikai (inference) product lines have shipped over 53,000 units, driving revenue to 324 million yuan in H1 2025—surpassing its full-year 2023 performance. Client concentration dropped sharply from 94.2% to 38.6% among top five customers since 2022, reflecting broadening market acceptance.\n**Moore Thread: Ecosystem-Centric Platform Play**  \nThe STAR Market newcomer commands a 300+ billion yuan valuation for its MUSA architecture GPUs that simultaneously handle AI, graphics, and scientific computing. Its MTT S80 GPU approaches NVIDIA RTX3060 performance, with five AI clusters sold in H1 2025. Though unprofitable, projected 240% revenue growth to 1.5 billion yuan in 2025 and 70% gross margins signal strong potential.\n**BIREN TECH: State-Backed Infrastructure Specialist**  \nPoised to become Hong Kong's first domestic GPU listing, BIREN TECH recorded 2,500% CAGR revenue growth to 337 million yuan in 2024. Backed by Shanghai State-Owned Capital and others, it specializes in 1,000-GPU clusters and Chiplet technology, having delivered a 180 million yuan telecom operator project. Its rapid adaptation to models like DeepSeek strengthens its position as core infrastructure provider.\n**MetaX: First to Quarterly Profitability**  \nThe AMD-alumni-led firm achieved a 466 million yuan Q2 2025 profit—the first among peers—after its shares surged 568% on debut. With three product lines covering AI/general computing and graphics, MetaX expects 2025 revenue to exceed 1.5 billion yuan. Its Xi Cloud C700 chip targets NVIDIA H100 performance, while cumulative GPU sales surpassed 25,000 units deployed across national computing platforms.","news_type":1,"symbols_score_info":{"NVDL":1,"NVD3.UK":1,"NVDX":1,"NVDS.UK":1,"NVD2.UK":1,"2NVD.UK":1,"NVDU":1,"AMD":1,"SNVD.UK":1,"NVDS":1,"3NVD.UK":1,"NVIW.SI":1,"NVDY":1,"06082":1,"NVDA":1,"NVDD":1,"NVD":1}},"isVote":1,"tweetType":1,"viewCount":3022,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":515292488290912,"gmtCreate":1766831400450,"gmtModify":1766831674356,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Traslate to spanish","listText":"Traslate to spanish","text":"Traslate to spanish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/515292488290912","repostId":"2594292319","repostType":2,"repost":{"id":"2594292319","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1766808000,"share":"https://ttm.financial/m/news/2594292319?lang=en_US&edition=fundamental","pubTime":"2025-12-27 12:00","market":"us","language":"en","title":"Stock Market Outlook: 2026 Will Be Another Year of Turning Lemons Into Lemonade","url":"https://stock-news.laohu8.com/highlight/detail?id=2594292319","media":"Dow Jones","summary":"By any objective measure, U.S. stocks have had a pretty spectacular year. Rising from the ashes of President Donald Trump’s Liberation Day tariffs like a phoenix.","content":"<html><head></head><body><p style=\"text-align: start;\">By any objective measure, U.S. stocks have had a pretty spectacular year. Rising from the ashes of President Donald Trump’s Liberation Day tariffs like a phoenix, powered by tech and the artificial intelligence boom, the S&amp;P 500 is on pace for an annual gain of around 18%, with the 7000 point mark firmly in sight.</p><p>But that assessment only reveals the headline portion of the market’s extraordinary comeback, and to understand where stocks might be headed in 2026, it’s useful to consider one of the prime drivers of 2025’s impressive advance: corporate America as a lemonade stand.</p><p>Handed a bag of lemons in the early spring, both in the form of President Trump’s hastily arranged tariff schedule, a hawkish Federal Reserve, and a shrinking U.S. economy, American companies did what they do best. They found a way to make money.</p><p>Tech led the way over the first half of the year, with an impressive set of updates and outlooks that saved the market from its early April collapse and set the tone for the rest of the year. Other sectors followed suit, and by the end of the third quarter, annual S&amp;P 500 profits were on pace to rise more than 13% from last year.</p><p>Third-quarter profits were more widespread, with sectors such as financials, healthcare, and industrials contributing a larger portion of the benchmark’s $602 billion in overall earnings.</p><p style=\"text-align: start;\">The economy was getting dragged along, as well, with GDP growth over the three months ending in October pegged at an astonishing 4.3%. That advance came despite the longest government shutdown on record and a pullback in the AI investment boom triggered by concerns over surging debt levels and worries over the time it will take for AI projects to start turning a profit.</p><p style=\"text-align: start;\">The S&amp;P 500’s recent run, which produced a record high close of 6932 points on Wednesday, has also powered through some pretty hefty drawdowns in its biggest stocks. <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> shares have fallen nearly 9% from their all-time closing peak in late October, while <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> is down 10%, and <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> 8%.</p><p>It’s also worth noting that both the jump in profitability, and the surprise advance in third quarter GDP, came amid a slowdown in the labor market, where headline unemployment now sits at 4.6%, the highest in four years.</p><p style=\"text-align: start;\">That, in many respects, underscores the adaptability of American companies, which have used new technologies such as AI to improve profits while managing the increased costs from tariffs and the impact of stubbornly elevated inflation.</p><p style=\"text-align: start;\">More of the same, in fact, is expected next year. LSEG data suggest collective S&amp;P 500 profits will rise around 15% to $312 a share, a firmer rate of growth than is forecast for the benchmark itself, which is pegged to rise by around 11% from current levels.</p><p style=\"text-align: start;\">That’s a good sign for investors, as it indicates both improving profitability on the corporate side, and stocks becoming more attractive from a price to earnings perspective. In other words, as companies make more money, index gains become more closely tied to fundamentals than sentiment.</p><p style=\"text-align: start;\">A lower PE ratio for the S&amp;P 500, with improving earnings growth for its constituents, is the sign of a healthy market.</p><p style=\"text-align: start;\">External support is also expected to accelerate, with new leadership at the Fed likely to quicken the pace of interest rate cuts, and tailwinds from the One Big Beautiful Bill Act poised to support consumer spending and lower corporate tax rates.</p><p>That’s not to say risks aren’t hovering: this year’s surge in precious metals prices reflects currency debasement, government debt and inflation concerns that aren’t being checked in the bond market. Geopolitical tensions could upend recent declines in oil and gas prices, and a looming Supreme Court ruling on President Trump’s tariff authority could inject another round of chaos into markets over the coming months.</p><p style=\"text-align: start;\">But if 2025 has taught us anything, it’s that the U.S. corporate lemonade stand will find a way to convert what sour citrus it’s forced to assume into a sweet and refreshing glass of new money.</p><p style=\"text-align: start;\">And we can all drink to that.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Market Outlook: 2026 Will Be Another Year of Turning Lemons Into Lemonade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Market Outlook: 2026 Will Be Another Year of Turning Lemons Into Lemonade\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-27 12:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">By any objective measure, U.S. stocks have had a pretty spectacular year. Rising from the ashes of President Donald Trump’s Liberation Day tariffs like a phoenix, powered by tech and the artificial intelligence boom, the S&amp;P 500 is on pace for an annual gain of around 18%, with the 7000 point mark firmly in sight.</p><p>But that assessment only reveals the headline portion of the market’s extraordinary comeback, and to understand where stocks might be headed in 2026, it’s useful to consider one of the prime drivers of 2025’s impressive advance: corporate America as a lemonade stand.</p><p>Handed a bag of lemons in the early spring, both in the form of President Trump’s hastily arranged tariff schedule, a hawkish Federal Reserve, and a shrinking U.S. economy, American companies did what they do best. They found a way to make money.</p><p>Tech led the way over the first half of the year, with an impressive set of updates and outlooks that saved the market from its early April collapse and set the tone for the rest of the year. Other sectors followed suit, and by the end of the third quarter, annual S&amp;P 500 profits were on pace to rise more than 13% from last year.</p><p>Third-quarter profits were more widespread, with sectors such as financials, healthcare, and industrials contributing a larger portion of the benchmark’s $602 billion in overall earnings.</p><p style=\"text-align: start;\">The economy was getting dragged along, as well, with GDP growth over the three months ending in October pegged at an astonishing 4.3%. That advance came despite the longest government shutdown on record and a pullback in the AI investment boom triggered by concerns over surging debt levels and worries over the time it will take for AI projects to start turning a profit.</p><p style=\"text-align: start;\">The S&amp;P 500’s recent run, which produced a record high close of 6932 points on Wednesday, has also powered through some pretty hefty drawdowns in its biggest stocks. <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> shares have fallen nearly 9% from their all-time closing peak in late October, while <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> is down 10%, and <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> 8%.</p><p>It’s also worth noting that both the jump in profitability, and the surprise advance in third quarter GDP, came amid a slowdown in the labor market, where headline unemployment now sits at 4.6%, the highest in four years.</p><p style=\"text-align: start;\">That, in many respects, underscores the adaptability of American companies, which have used new technologies such as AI to improve profits while managing the increased costs from tariffs and the impact of stubbornly elevated inflation.</p><p style=\"text-align: start;\">More of the same, in fact, is expected next year. LSEG data suggest collective S&amp;P 500 profits will rise around 15% to $312 a share, a firmer rate of growth than is forecast for the benchmark itself, which is pegged to rise by around 11% from current levels.</p><p style=\"text-align: start;\">That’s a good sign for investors, as it indicates both improving profitability on the corporate side, and stocks becoming more attractive from a price to earnings perspective. In other words, as companies make more money, index gains become more closely tied to fundamentals than sentiment.</p><p style=\"text-align: start;\">A lower PE ratio for the S&amp;P 500, with improving earnings growth for its constituents, is the sign of a healthy market.</p><p style=\"text-align: start;\">External support is also expected to accelerate, with new leadership at the Fed likely to quicken the pace of interest rate cuts, and tailwinds from the One Big Beautiful Bill Act poised to support consumer spending and lower corporate tax rates.</p><p>That’s not to say risks aren’t hovering: this year’s surge in precious metals prices reflects currency debasement, government debt and inflation concerns that aren’t being checked in the bond market. Geopolitical tensions could upend recent declines in oil and gas prices, and a looming Supreme Court ruling on President Trump’s tariff authority could inject another round of chaos into markets over the coming months.</p><p style=\"text-align: start;\">But if 2025 has taught us anything, it’s that the U.S. corporate lemonade stand will find a way to convert what sour citrus it’s forced to assume into a sweet and refreshing glass of new money.</p><p style=\"text-align: start;\">And we can all drink to that.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1989763005.USD":"东方汇理教育基金A2 Acc","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - 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Rising from the ashes of President Donald Trump’s Liberation Day tariffs like a phoenix, powered by tech and the artificial intelligence boom, the S&P 500 is on pace for an annual gain of around 18%, with the 7000 point mark firmly in sight.But that assessment only reveals the headline portion of the market’s extraordinary comeback, and to understand where stocks might be headed in 2026, it’s useful to consider one of the prime drivers of 2025’s impressive advance: corporate America as a lemonade stand.Handed a bag of lemons in the early spring, both in the form of President Trump’s hastily arranged tariff schedule, a hawkish Federal Reserve, and a shrinking U.S. economy, American companies did what they do best. They found a way to make money.Tech led the way over the first half of the year, with an impressive set of updates and outlooks that saved the market from its early April collapse and set the tone for the rest of the year. Other sectors followed suit, and by the end of the third quarter, annual S&P 500 profits were on pace to rise more than 13% from last year.Third-quarter profits were more widespread, with sectors such as financials, healthcare, and industrials contributing a larger portion of the benchmark’s $602 billion in overall earnings.The economy was getting dragged along, as well, with GDP growth over the three months ending in October pegged at an astonishing 4.3%. That advance came despite the longest government shutdown on record and a pullback in the AI investment boom triggered by concerns over surging debt levels and worries over the time it will take for AI projects to start turning a profit.The S&P 500’s recent run, which produced a record high close of 6932 points on Wednesday, has also powered through some pretty hefty drawdowns in its biggest stocks. Nvidia shares have fallen nearly 9% from their all-time closing peak in late October, while Microsoft is down 10%, and Amazon 8%.It’s also worth noting that both the jump in profitability, and the surprise advance in third quarter GDP, came amid a slowdown in the labor market, where headline unemployment now sits at 4.6%, the highest in four years.That, in many respects, underscores the adaptability of American companies, which have used new technologies such as AI to improve profits while managing the increased costs from tariffs and the impact of stubbornly elevated inflation.More of the same, in fact, is expected next year. LSEG data suggest collective S&P 500 profits will rise around 15% to $312 a share, a firmer rate of growth than is forecast for the benchmark itself, which is pegged to rise by around 11% from current levels.That’s a good sign for investors, as it indicates both improving profitability on the corporate side, and stocks becoming more attractive from a price to earnings perspective. In other words, as companies make more money, index gains become more closely tied to fundamentals than sentiment.A lower PE ratio for the S&P 500, with improving earnings growth for its constituents, is the sign of a healthy market.External support is also expected to accelerate, with new leadership at the Fed likely to quicken the pace of interest rate cuts, and tailwinds from the One Big Beautiful Bill Act poised to support consumer spending and lower corporate tax rates.That’s not to say risks aren’t hovering: this year’s surge in precious metals prices reflects currency debasement, government debt and inflation concerns that aren’t being checked in the bond market. Geopolitical tensions could upend recent declines in oil and gas prices, and a looming Supreme Court ruling on President Trump’s tariff authority could inject another round of chaos into markets over the coming months.But if 2025 has taught us anything, it’s that the U.S. corporate lemonade stand will find a way to convert what sour citrus it’s forced to assume into a sweet and refreshing glass of new money.And we can all drink to that.","news_type":1,"symbols_score_info":{".SPX":2,".IXIC":2,".DJI":2}},"isVote":1,"tweetType":1,"viewCount":2837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":514942688399896,"gmtCreate":1766746101808,"gmtModify":1766752914943,"author":{"id":"4229838957305632","authorId":"4229838957305632","name":"joroc29","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4229838957305632","idStr":"4229838957305632"},"themes":[],"title":"","htmlText":"Buenos días Cómo puedo cambiar idioma de la aplicación a español?","listText":"Buenos días Cómo puedo cambiar idioma de la aplicación a español?","text":"Buenos días Cómo puedo cambiar idioma de la aplicación a español?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/514942688399896","repostId":"2593174076","repostType":2,"repost":{"id":"2593174076","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1766367152,"share":"https://ttm.financial/m/news/2593174076?lang=en_US&edition=fundamental","pubTime":"2025-12-22 09:32","market":"fut","language":"en","title":"BRIEF-Shanghai Biren Technology Announces Number Of Offer Shares Under Global Offering 247.7 MLN H Shares","url":"https://stock-news.laohu8.com/highlight/detail?id=2593174076","media":"Reuters","summary":"BRIEF-Shanghai Biren Technology Announces Number Of Offer Shares Under Global Offering 247.7 MLN H SharesDec 22  - NUMBER OF OFFER SHARES UNDER GLOBAL OFFERING 247.7 MILLION H SHARESMAXIMUM OFFER PRICE HK$19.60 PER H SHARE IN GLOBAL OFFERINGNUMBER OF HONG KONG OFFER SHARES 12,384,800 H SHARES UNDER GLOBAL OFFERINGFurther company coverage: [ ] ","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BRIEF-Shanghai Biren Technology Announces Number Of Offer Shares Under Global Offering 247.7 MLN H Shares</title></head><body><p><span>Dec 22 (Reuters)</span><span> - </span></p><ul><li><p>NUMBER OF OFFER SHARES UNDER GLOBAL OFFERING 247.7 MILLION H SHARES</p></li><li><p>MAXIMUM OFFER PRICE HK$19.60 PER H SHARE IN GLOBAL OFFERING</p></li><li><p>NUMBER OF HONG KONG OFFER SHARES 12,384,800 H SHARES UNDER GLOBAL OFFERING</p></li></ul><p>Further company coverage: [ ]</p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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