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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Lisa Su, CEO of AMD (AMD.US), said at the AMD AI Developer Day that AI is already ubiquitous, projecting that 5 billion people will use AI on a daily basis over the next five years.

Regarding AMD's commitment to Greater China, she noted that the company has been deeply cultivating China market for more than three decades and steadfastly believed that China has become a key force driving the company's strategic deployment.

This strategy spans areas including chips, AI software and platform engineering, she said. In fact, AMD's Shanghai R&D center and China R&D center are among the company's largest R&D facilities globally.
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As Canada opens its market to electric vehicles (EVs) manufactured in China, Nissan Motor (7201.JP) is considering exporting vehicles produced in partnership with Dongfeng Motor to Canada, with potential markets also including Brazil and Mexico, Nissan's Americas Chairman Christian Meunier said.

Nissan's move reflects a shift in the global automotive industry, as traditional automakers are relying on China's lower production costs and faster EV development cycles to remain competitive. Nissan CEO Ivan Espinosa said the company plans to increase exports from China from an initial 100,000 vehicles to ultimately 300,000 vehicles.
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Google and Blackstone Inc. (BX.US) plan to establish a joint venture AI cloud company to vie with companies such as CoreWeave, Inc. (CRWV.US), according to the Wall Street Journal.

Blackstone Inc. will provide USD5 billion in equity capital and hold a majority stake, with the venture expected to support approximately USD25 billion in computing power investments.

The joint venture will adopt Google's proprietary chips with an aim to achieve 500 megawatts of computing power by next year, roughly equivalent to the electricity consumption of a mid-sized city. Over time, the company will sharply expand its computing capacity.

Google will provide hardware, software and services to the joint venture, while senior Google executive Benjamin Treynor Sloss will serve as the new company's CEO.
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