| 【Company Research】Li Auto Inc. (LI US/2015 HK) - Facelifted Mega offers more confidence in BEVs |
| 【公司研究】Microsoft (MSFT US) - 微软2025 Build大会：构建开放AI智能体网络 |
| 【Company Research】Salesforce (CRM US) - 1QFY26 cRPO growth beats expectation; Data Cloud & AI momentum continues |
| 【Sector Research】Semiconductors - Nvidia’s 1Q beat and solid 2Q guidance confirm AI demand remains resilient |
| 【Sector Research】Semiconductors - Thematic investing and megatrends: China’s hyperscalers accelerate AI infra. buildout amid strengthening cloud demand |
| 【公司研究】贝克微 (2149 HK) - 配售完成，关注执行落地 |
| 【Company Research】Xiaomi (1810 HK) - 1Q25 strong beat; Positive on premiumization, YU7 ramp-up and SoC breakthrough in 2H25E |
| 【Company Research】PDD Holdings (PDD US) - Investment to enhance platform ecosystem, user retention impacted ST earnings |
| 【Company Research】Kuaishou (1024 HK) - Inline 1Q25 results; AI monetization accelerating |
| 【公司研究】Alphabet (GOOG US) - 谷歌2025年I/O大会：AI提升各场景用户体验 |
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