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Meituan climbs for 6 straight days—does the progress of its AI strategy add confidence? AI chip stocks face fresh backlash again—has the “special pricing window” arrived yet?
Meituan (03690) rose more than 4% on Tuesday, the strongest blue-chip performer, and extended its streak to 6 consecutive trading days. On the news front, Meituan has officially open-sourced its trillion-parameter model LongCat-2.0, and the market reaction has been enthusiastic. Can further progress in the AI sector continue to lift the stock price?
U.S. stocks fell, with the Nasdaq dropping more than 1% and the Dow Jones turning lower after setting a record high. Chip stocks were sold off again: Marvell (U.S.: MRVL) and SanDisk (U.S.: SNDK) fell more than 7%; Intel (U.S.: INTC) fell nearly 10%; AMD (U.S.: AMD) fell more than 6%; Micron (U.S.: MU) fell nearly half a percent. How should these related stocks be positioned?
Independent stock commentator Sun Zi Dahu will be with you at the market open this morning at 9:00 in "ET Market Opening".
If you have any stock-related questions, feel free to leave them in the app for this program; or in the comment section of the Hong Kong Economic Times HKET YouTube channel.