Xiaomi Shares Drop After Weak Q1 Earnings Amid Rising Smartphone Costs 
JPMorgan Sees Biotech Sector at Turning Point, Upgrades Top Pharma Stocks 
Autodesk Beats Q1 Estimates, Acquires MaintainX for $3.6 Billion 
MongoDB Q1 FY2027 Earnings Beat Expectations, Raises Full-Year Outlook 
Meta Subscription Push Could Add Billions in Recurring Revenue, Says Rosenblatt 
PDG Explores $1 Billion Sale of China Data Center Assets 
Kentucky School District Secures $27 Million in Social Media Addiction Lawsuit Settlements 
Costco Q3 Fiscal 2026 Earnings Beat Expectations as Sales and E-Commerce Surge 
NIO CEO Says China’s Auto Industry Has Passed Its Golden Era Amid Weak Car Sales 
Elon Musk Explores Possible Tesla-SpaceX Merger Amid Growing AI Investments 
SpaceX IPO Hype Raises Questions as Many Major Stock Debuts Underperform Market 
Lam Research Expands AI-Powered Semiconductor Tools and Arizona Operations 
Universal Music Group Rejects Pershing Square Takeover Proposal 
SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target 
CTOC Goes Live on Bitget Wallet Trading, Expanding Global Access to AI-Powered Healthcare Data Ecosystem 
DOJ Investigates Group Linked to Reid Hoffman Over E. Jean Carroll Lawsuit Funding 
Dell Raises 2027 Revenue Forecast as AI Server Demand Drives Record Quarterly Results 
Apple (NASDAQ:AAPL) has partnered with Alibaba (NYSE:BABA) to advance its AI strategy in China, marking a significant milestone, according to Wedbush analyst Daniel Ives. The collaboration, along with Baidu (NASDAQ:BIDU), paves the way for Apple’s AI services launch in China by early May, potentially boosting iPhone upgrades in a market where 100 million devices are due for replacement. Apple Intelligence, debuting with the iPhone 16 and later the iPhone 17, is expected to drive demand and expand Apple’s AI reach globally, with 25% of the world’s population predicted to access AI via Apple devices in the coming years. Apps built on Apple Intelligence could generate new revenue streams and encourage more upgrades.
Meanwhile, Phillip Securities downgraded Amazon (NASDAQ:AMZN) from Buy to Accumulate despite strong Q4 earnings, citing recent price strength. Amazon Web Services (AWS) remains a key growth driver with a 19% YoY revenue increase and improved margins. The firm slightly reduced FY25 estimates but remains optimistic about Amazon’s potential in generative AI and cloud migration.
Barclays (LON:BARC) warned that the AI-driven power stock rally faces risks after DeepSeek's R1 LLM, which requires fewer resources than models from OpenAI, Google (NASDAQ:GOOGL), and Meta (NASDAQ:META). This triggered a sell-off in power stocks like Vistra (NYSE:VST) and Constellation (NASDAQ:CEG), prompting Barclays to recommend hedging against further shocks.
Needham maintained a Hold rating on Tesla (NASDAQ:TSLA), calling it “expensive,” with growth from FSD, Robotaxi, and Robotics already priced in. Projections for 2032 include 31 million Teslas with 56% FSD adoption and $100 billion in Robotaxi bookings, but competition poses challenges.
Lynx Equity sees upside for Super Micro Computer (NASDAQ:SMCI) after raising its price target to $60, citing improved financials, manufacturing capacity, and capital market access. SMCI’s expansions and deployment of Nvidia’s H100 and H200 chips support revenue growth and margins despite potential delays in Blackwell chip rollouts.
