I don't know who needs to hear this but the market has NOT topped yet
IPO's will flood the market over the next 3 months before the HORRIFIC weakness comes from September onwards leading into the Mid-Terms
Hang Seng Tech Index soars 4.7% today and just broke out of its 8-month downtrend! Posts biggest single-day gain since May 2025 as bullish sentiment in onshore tech (i.e. STAR 50 Index) starts to spill over into oversold names in Hong Kong. $KTEC $KWEB $KSTR
$TCEHY +10.5%
$BABA +6.6%
$MPNGF +9.3%
$BYDDF +6.6%
$JD +6.8%
$LNVGF +5.3%
$XPEV +6.2%
$LI +5.7%
$NIO +8.3%
At the peak of the position (end of Q3 2020 / September 30, 2020), Micron Technology $MU represented 41.09% of Himalaya Capital Management’s total 13F portfolio.
In Q2 2023, Li Lu fully exited the position at an average price of ~$64.22.
Today $mu trades at $950. Li lu’s position would be worth $ 10,902,696,850.
The great Li lu left approximately $10.19 billion on the table just on Micron, a tip from Pabrai who also made the same costly mistake.
Selling your winners early is the biggest mistake in investing. Geniuses are not immune.
$BABA CEO: “This quarter, Cloud Intelligence Group's annualized AI-related product revenue has surpassed RMB 35.8 billion, continuing to maintain triple-digit growth. AI-related product revenue now accounts for 30% of Cloud Intelligence Group's external revenue. We expect that in about 1 year, AI-related product revenue will cross the 50% threshold, becoming the primary engine driving the cloud business' revenue growth.
$BABA | Alibaba Group CEO:
➤ AI-related revenue is expected to cross the 50% threshold within about a year, becoming the primary driver of cloud revenue growth
➤ The company is seeing “exponential growth” in AI model and application services revenue, supported by both foundation model services and AI-native software
➤ Token consumption volumes on the model services platform increased substantially QoQ
➤ Model & application services ARR, including the Model Studio platform, is expected to exceed RMB 10B in the June quarter and reach RMB 30B by year-end
➤ T-Head’s proprietary GPU chips are now in scaled mass production, with more than 60% of compute capacity already serving external customers
➤ Rising agent-based AI workloads have significantly boosted demand for traditional cloud infrastructure products, including CPU, storage, and container services
You know what's crazy?
People will hold a losing position for months hoping it comes back.
But they'll sell a winning position after 3 days because "it might pull back."
Backwards. Completely backwards.
Alibaba is preparing to unveil the integration of its AI platform Qwen and online marketplace Taobao, a move that seeks to drive shopping with conversations rather than keyword searches, according to a source familiar with the decision.
The move will enable consumers to browse, compare and purchase items via the Qwen app by chatting with the artificial intelligence agent, rather than manually navigating product listings.
#CHINA #ALIBABA $BABA #TECH #AI #QWEN #TAOBAO
https://t.co/i73pWjLwO4