NVIDIA Corporation (NVDA.US) once again delivered impressive results and raised its guidance, BofA Securities said in its report. Although the midpoint of revenue guidance for 2FQ at USD91 billion was in line with market bullish expectations - leading to typical post-earnings volatility, with the stock having declined three out of the past four post-results sessions - the broker advised investors to look beyond such noise and focus on NVIDIA's key strengths.

The total addressable market (TAM) for AI was projected to expand fourfold over the next four years, exceeding USD3 trillion by 2030, compared with the broker's previous estimate of USD1.7 trillion. NVIDIA holds a unique full-stack positioning within this market. The company boasts industry-leading gross margins of 75% and a FCF margin of approximately 48%. It also increased its dividend by 25 times to 0.45% and planned to repurchase approximately USD120 billion worth of shares.

Overall, BofA Securities raised its EPS forecasts for FY2027 and FY2028 by 9% and 15% to USD9.09 and USD13.27, respectively. The TP was lifted to USD350 from USD320, with a Buy rating.
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BOE A (000725.SZ) announced that the company has so far not commenced any business cooperation with NVIDIA Corporation (NVDA.US), and certain media speculation lacks factual basis.

In addition, the company stated that its glass-based packaging substrate business, perovskite business, and optical interconnect business are still in the technical discussion and verification stages. They have not yet entered mass production nor generated mass production revenue.

There is significant uncertainty as to whether and when the company will achieve mass production and realize the expected benefits in these areas. Based on current business development, it is expected that the above businesses will not have a material impact on the company's operating results over the next two to three years.
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XIAOMI-W (01810.HK) held a new product launch event, where founder Lei Jun officially unveiled the new Xiaomi YU7 family, adding two models - Xiaomi YU7 GT and YU7 Standard alongside the Xiaomi 17 Max, Xiaomi open-ear earbuds and several new home appliance products.

The YU7 GT is priced from RMB389,900, while the YU7 Standard starts from RMB233,500. Responding to the YU7's direct challenge to the Model Y, Lei said the YU7 Standard is priced RMB30,000 below the standard version of Tesla, Inc. (TSLA.US) Model Y.

He noted that in its initial head-to-head competition with the Model Y, the YU7 recorded eight losses and two wins, but said there is no shame in losing to the global sales champion. As long as the company never gives up and continues to improve, he believes it will eventually win one day.
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NVIDIA Corporation (NVDA.US) delivered better-than-expected results for its first fiscal quarter ended April, with strong guidance and improved capital allocation, Goldman Sachs said in its report. The broker believed the capex sustainability provides a clear path for the company's outperformance in the future.

The broker raised its EPS forecasts by an average of 6% to reflect higher revenue projections and a lower-than-expected tax rate, in line with company guidance. The TP was lifted from USD250 to USD285, with a Buy rating.

Given the strong quarterly results performance and guidance that sharply beat market expectations (despite already upbeat pre-earnings sentiment), the broker estimated the stock to trend moderately higher.

Goldman Sachs noted that investor expectations had already risen ahead of the results amid upward revisions to capex forecasts by hyperscale cloud operators. However, it viewed second-quarter guidance surpassed these elevated expectations.
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NVIDIA Corporation (NVDA.US) delivered better-than-expected results for its first fiscal quarter ended April, driven by vigorous AI demand, Citi said in its report. The broker is awaiting management's comments during the earnings conference call. The rating is Buy with a target price of USD300.

NVIDIA reported first fiscal quarter revenue/non-GAAP EPS of USD81.6 billion/USD1.87, topping Citi's estimates of USD80.1 billion/USD1.76 and market expectations of USD78.9 billion/USD1.75.
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NVIDIA Corporation (NVDA.US) delivered another spotless set of quarterly results, with the only criticism being that market reaction has begun to soften, CLSA said in its report.

The company recorded YoY revenue growth of approximately 56% for the past three consecutive quarters, which accelerated to 85% YoY in the latest results. For the next quarter, the upper end of revenue growth guidance is projected at around 99% YoY.

The broker maintained its High-Conviction Outperform rating with a TP of USD300.
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Tesla, Inc. (TSLA.US) Vice President Grace Tao said that CEO Elon Musk and owners of the Model S/X Signature editions jointly witnessed the final roll-off of the two iconic models at the Fremont factory in California, as the production line will soon be converted into a manufacturing line for Tesla's humanoid robots.

From accelerating the world's transition to sustainable energy to building a world of extraordinary abundance, Tesla has already embarked on a new journey.
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LENOVO GROUP (00992.HK) opened 0.55% higher today (20th), reaching an intraday high of HKD13.07. It last traded at HKD12.82, up 0.87% against the market trend, with turnover of 37.3425 million shares, involving HKD481 million. The HSI was last at 25,634, down 163 points or 0.6%.

Nomura upgraded LENOVO GROUP from Neutral to Buy and raised its TP from HKD11 to HKD16. The broker noted that strong demand for general-purpose servers will radically improve the profitability of its server business, offsetting concerns over a slowdown in PC, which the broker believed has not been fully factored in. Nomura raised its earnings forecasts for LENOVO GROUP for FY2026-28 by 9-45%.
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Meta Platforms, Inc. (META.US) will slash 8,000 jobs globally, Bloomberg reported. Affected employees will begin receiving notifications from Wednesday (20th), starting with staff at its Asian hub in Singapore, followed by employees in Europe and the US.

The latest layoffs are part of a previously announced restructuring plan aimed at improving efficiency and reducing costs, while ramping up investment in AI.

The affected employees are mainly from Meta's engineering and product teams, sources divulged. Further layoffs later this year cannot be ruled out.
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China's tablet market shipments totaled 8.11 million units in 1Q26, down 4.8% YoY, indicating a clear shift in market growth momentum from the previous dual drivers of "replacement demand + policy support" toward a more rational adjustment phase led by product competitiveness and genuine demand, according to IDC.

This transition will inevitably be accompanied by short-term pressure on shipment volumes, but in the long run, it represents a necessary path toward market maturity.

In 1Q26, Huawei ranked first among Chinas tablet vendors, with market share shrinking 1.3 ppts YoY to 33.2%. Apple Inc. (AAPL.US) followed, with market share rising 1.2 ppts YoY to 23.7%. XIAOMI-W (01810.HK) ranked third with a 10.6% market share, down 6.2% YoY. Honor and LENOVO GROUP (00992.HK) accounted for 8.6% and 6.6% of market share, ranking fourth and fifth, respectively.
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