$Meta Platforms, Inc.(META)$ has recently announced a pivotal shift in its WhatsApp strategy by introducing advertising to the platform, marking a departure from its long-standing "no ads" policy. This move aims to monetize WhatsApp’s massive user base of over 3 billion monthly active users, leveraging its Updates tab for ads, channel subscriptions, and promoted channels. This report analyzes Meta’s strategic pivot, recent financial performance, market expectations, and valuation implications, arguing that while the advertising initiative presents significant revenue potential, it must navigate user privacy concerns and market dynamics to ensure long-term success.WhastApp to start showing ads in messaging app launches news monetisation featuresStr

This week's tech market has hidden a lot of structural variability in the midst of overall moderation.From the macro to the plate, to the company's fundamentals, multiple dimensions intertwined the current complex and full of opportunities.First, the macro risk is rising: tariff game resurfacesWhile the military tension between Israel and Iran has not subsided, a new round of tariff negotiations between the US and Vietnam has become the focus of recent market attention.Bloomberg reported that the U.S. is proposing to impose 20-25% tariffs on Vietnam's exports, significantly higher than the 10% range previously expected by the market.Tariff risk has re-emerged as a major variable weighing on risk appetite as the July 9 deadline for negotiations approaches.Over the past few weeks, market cap

Big-Tech’s PerformanceWeekly Macro Highlights: The showdown between the bigwigs With May’s CPI continuing to decline—core inflation easing even further—Trump launched a fierce attack on Powell at the White House this week, urging a rate cut and even specifying a "2 percentage point" reduction. Although his claim of saving $600 billion annually may not materialize, the reality is that with ballooning U.S. debt, government interest expenses are under significant pressure. On June 13, he went so far as to call Powell a “blockhead.” However, Powell remained committed to data-driven policy and resisting political interference, with no signs of easing tension. The market is closely watching the Fed's next moves.In macro markets, U.S. long-term bond yields fell by 6–8bps as expectations of Fed ra

Nuclear sector stocks $Oklo Inc.(OKLO)$ and $NuScale Power(SMR)$ have been very strong in recent weeks, largely driven by recent industry trends.OKLO (Oklo Inc.).OKLO is a company focused on developing advanced fission power plant and nuclear fuel recycling technologies, and its stock has been a notable recent performer.On June 11, OKLO closed at $68.03, up 29.48% from the previous trading session's price of $52.58, showing a strong one-day performance.However, the performance for the past week (ending June 11) was -6.18%, which may reflect short-term market volatility.OKLO is up 92.52% over the past month and 44.91% year-to-date (as of early January), indicating a strong long-term trend.Although the compa

$NASDAQ 100(NDX)$ for two consecutive weeks rose more than 2%, rebounded about 30% from the previous lows, close to all-time highs, $Broadcom(AVGO)$ $Microsoft(MSFT)$ record highs, $Amazon.com(AMZN)$ $NVIDIA(NVDA)$ and so on from the highs of the difference of 5-10%; $Cboe Volatility Index(VIX)$ since mid-February to closed below 17 for the first time since mid-February, and TMT sector fundamentals improved (e.g., AI-driven $Credo Technology Group Holding Ltd(CRDO)$ Broadcom beat expectations,

Big-Tech’s PerformanceMacro Highlights This Week: Disappointing ADP; A Springtime for Crypto? “Trump vs. Musk” EscalatesThis week’s ADP data showed employment growth slowing to a two-year low, indicating a second consecutive month of cooling labor demand. This has raised concerns about economic momentum and could influence monetary policy. While a cooler labor market might pressure the Fed toward rate cuts, steady wage growth and tariffs may limit the room for such adjustments. Attention should also be paid to the discrepancies between ADP data and BLS non-farm payrolls, as well as the potential impact of subsequent revisions. $Circle Internet Corp.(CRCL)$ successfully debuted on the U.S. stock market as the "first stablecoin stock." Its IPO price

1. AI revenue growth exceeded expectations, long-term sustainability is clearData performance: $Broadcom(AVGO)$ Q2 AI-related revenue reached $4.4 billion, Q3 guidance of $5.1 billion (+60% year-on-year), management clear 2025 high growth will continue to 2026.AI revenues may reach $20B in 2025 and exceed $30B in 2026 by analyst projections.Key signals: management's confirmation of 2026 growth trajectory ("same trajectory") indicates high order visibility and no downward revision of 2027 targets, reflecting its confidence in the long-term nature of AI demand.Potential risk: visibility is not updated beyond 2026 for the time being, and attention needs to be paid to whether there are subsequent technology iterations or changes in customer demand (e.

$MongoDB Inc.(MDB)$ reported Q1 FY2026 (ending April 30, 2025) earnings on June 4 after-hours, a quarterly turnaround to a profit (the market expected a loss as well) Its strong performance may further consolidate its leading position in the cloud database market, and the advancement of its AI strategy may change the competitive landscape of the industry, attracting more enterprise-class customers.At the same time, increased competition with $Amazon.com(AMZN)$ AWS, $Alphabet(GOOGL)$ Google Cloud may also put pressure on the non-Atlas business, and we need to continue to monitor the long-term market share changes.Performance and Market FeedbackRevenue: Revenue was

$CrowdStrike Holdings, Inc.(CRWD)$ Q1 FY2026 results show solid revenue growth (+20% YoY) and ARR growth of 22% to support subscription-based strategy, but widening GAAP loss and declining gross margins reflect cost pressures.Q2 and full-year guidance, while maintaining 20%+ growth, is below market expectations, triggering valuation repricing risk.AI innovation and share buyback program boost confidence, but profitability and expense control will be the focus of the market in the near termPerformance and market feedbackRevenue and profit performance: Q1 total revenue of $1.103bn, +20% YoY, in line with LSEG's estimate of $1.10bn; non-GAAP EPS of $0.73 vs. $0.65 est. showing earnings resilience.However, GAAP net loss of $110m declined from year-ago ne

Big-Tech’s Performance​​​This Week’s Macro Theme: A Sudden Appeal—Trump and the Courts in a Tug-of-War?​​The market rebounded so quickly due to the emergence of the "TACO" (Trump Always Chicken Out) narrative.On May 29, the U.S. Court of International Trade ruled that some of Trump’s tariffs and fentanyl sanctions exceeded the authority granted by the International Emergency Economic Powers Act (IEEPA) and ordered an immediate halt, briefly sparking market optimism (the index surged). However, Trump’s team swiftly appealed, and on May 30, the appeals court issued a "stay" order, temporarily reinstating the tariffs. The core dispute revolves around IEEPA’s applicability—the court argued that trade deficits don’t constitute a "national emergency," while Trump’s side claimed national security

$Okta Inc.(OKTA)$ reported solid Q1 FY2026 earnings after the bell on May 27th, but growth guidance was conservative and below expectations, leading to subdued market sentiment and a significant after-hours drop in the stock price.Okta has strengthened its market leadership position through new product innovations and public sector certifications, but needs to address the challenges of increased competition and slowing IT spending.Investors should monitor revenue growth, customer acquisition and changes in the macro environment in subsequent quarters to assess Okta's long-term investment value.Performance and Market FeedbackRevenue Performance: Q1 FY2026 total revenue was $688 million (+12% YoY), beating market expectations of $680 million.Subscri

$MEITUAN-W(03690)$ 25Q1 results showed strong growth and profitability, with core local commerce and membership programs as key drivers.Competitive pressures have not yet significantly impacted financial performance as Q1 did not start the takeout war, with overseas expansion and AI investments providing potential for long-term growth.More important though is the guidance from the earnings call.To summarize the market concerns:The impact of Q1 competition is not yet significant, and the reduction of subsidies eases the pressure on profits;However, Q2 takeaway competition intensifies, operating profit growth will decline significantly, and it is impossible to predict how long irrational competition will lastKeeta's initial success responds to inte

There was a significant pullback in the $S&P 500(.SPX)$ last week, with the bond market a key contributing factor.Long-term bond supply issues (U.S.-Japan auction chaos), deficit pressures from the U.S. budget proposal (locking in a $2 trillion deficit over the next several years), and intensifying pressures on the back end of the global interest rate curve, as well as debt sustainability concerns and tariff uncertainty (the "zero Sharpe ratio guessing game"), combined to lead to a highly volatile trading environment.Equity markets, on the other hand, have been heavily influenced by slowing demand strength (although companies are still buying), cooling risk appetite, and technicals suggesting a weakening of near-term demand trends.Key insights