May Day Holiday! Please note! Urgent reminder to 250 million investors: Just now, two major unexpected news broke out from the external market. No nonsense, let's get straight to the point:

1. Apple’s second fiscal quarter of 2026 delivered an impressive report card: revenue of $111.2 billion, up 17% year-over-year, surpassing analyst expectations of $109.7 billion; diluted earnings per share of $2.01, up 22% year-over-year, also better than the expected $1.96.
This outperformance is not due to "a single blockbuster saving the day," but the result of multiple growth points. The iPhone remains the main driver, with revenue of $56.99 billion, up 22%. Service business continues to grow strongly, with revenue of $30.98 billion, up 16%, exceeding the expected $30.39 billion. Mac, iPad, and wearable devices all exceeded expectations across the board. Gross margin soared to 49.3%, compared to market expectations of only 48.4%, indicating Apple’s pricing power and cost control remain top-tier. The Greater China region performed especially well, with revenue of $20.5B, a 28% increase year-over-year, dispelling market concerns about a slowdown in the Chinese market.
Even more noteworthy is that these results were achieved before Apple made a major push into AI. Earlier this quarter, Apple announced a partnership with Google to integrate Gemini AI large models to support Siri. New CEO John Ternus has explicitly stated that AI is one of the core strategic directions for the future, meaning Apple’s "AI card" has not yet been fully played, leaving room for future imagination.
2. Google’s earnings report is even more explosive: AI has finally shifted from "burning money" to "making money." Non-GAAP earnings per share of $5.11, while market expectations were only $2.62–2.63, nearly doubling.
If Apple’s earnings are "steady and improving," then Google’s parent company Alphabet’s Q1 2026 report is a "blowout surprise": during the earnings call, the stock rose nearly 10% all day, with a market cap increase of about $421 billion in a single day, the second-largest single-day market cap gain in history. Google Cloud was the biggest highlight this quarter: revenue broke through $20 billion for the first time, reaching $20.03 billion, up 63% year-over-year, setting the highest growth rate since the segment was disclosed separately in 2020, far exceeding the market expectation of 50%. Cloud profit margins improved significantly, with operating profit of $6.6 billion, tripling year-over-year, and profit margin jumping from around 10% last year to 32.9%, rapidly approaching Amazon AWS’s level (~38%). Search business was not cannibalized by AI—instead, AI amplified it, with search and other revenues of $60.4 billion, up 19% year-over-year, with query volume hitting a record high. The market’s previous biggest concern was that generative AI would divert traditional search traffic, but Google’s data proves that new experiences like AI overviews and AI modes not only did not eat into traffic but actually drove more usage.
3. A calm comparison and reflection
It’s a fact that U.S. tech stocks are rising with solid fundamentals. The recent outperformance of Google and Apple tells us: what truly attracts global capital is never concepts or stories, but real profit realization ability. Google previously invested huge capital expenditures in AI infrastructure, causing Wall Street to be extremely anxious. But this earnings report provides the most powerful answer: AI has shifted from a cost center to a growth engine, and an accelerating one at that.
Apple, still without a "full-blown AI card," achieved double-digit growth relying on a combination of hardware and services, demonstrating the deep moat of a leading consumer electronics company. With new CEO Ternus officially taking over, Apple’s AI strategy will become a major focus in the next phase—partnerships like Gemini with Google are just the first step. Future developments in foldable iPhones, AI chips, and the Vision Pro ecosystem could all serve as new catalysts.
Looking at A-shares, the new economy sector also shows some performance, but its scale is still insufficient to significantly boost the overall index. The gap in corporate profitability and global competitiveness between us and the U.S. is an objective reality. This is the fundamental reason why global funds are willing to buy into the earnings reports of U.S. tech giants but remain cautious about A-shares and Hong Kong stocks. Learning to follow a slow bull market like the U.S. is not a one-day or two-day task; it requires companies to have sustainable profitability and for the system to improve gradually. Of course, the extreme profit pursuit model of the U.S. stock market may also widen the wealth gap, so we don’t necessarily copy everything wholesale. The A-shares are more likely to pursue a path of balancing multiple goals. #美国寻求战略比特币储备 $BTC