Alibaba's stock jumped 19%+ in Hong Kong on September 1, after its August 29 report of cloud computing driving strong Q1 results and reports of its new AI chip
Arjun Kharpal / CNBC :
Alibaba reports Q1 revenue up 2% YoY to ~$34.6B, below ~$35.4B est., and net income up 76% to ~$5.9B, above ~$4B est., as AI demand drives cloud sales up 26%
Arjun Kharpal / CNBC :
How Jensen Huang successfully lobbied Trump to resume Nvidia's H20 sales to China; US officials hadn't vetted the 20% pay-to-play proposal when Trump offered it
Amrith Ramkumar and Robbie Whelan, reporting for The Wall Street Journal (gift link): Emma Roth / The Verge : US demands cut of Nvidia sales in order to ship AI chips to China Arjun Kharpal / CNBC : T...
Nvidia plans to build its first industrial AI cloud platform in Germany for European manufacturers, combining AI with robotics to assist carmakers like BMW
but warns Europe risks falling behind Mercury News : Nvidia CEO sees tenfold boost to Europe's AI computing power Mona Guichard / Tech Xplore : Nvidia marks Paris tech fair with Europe AI push Taipei ...
Qualcomm plans to launch a data center CPU that will link to Nvidia's GPUs to power AI, re-entering into the data center CPU market dominated by Intel and AMD
Arjun Kharpal / CNBC :
President Trump says he told Tim Cook that “I don't want you building in India”, “India can take care of themselves”, and Apple will be “upping” US production
what Apple can to do to appease Trump Adrija Chatterjee / Moneycontrol : India's value for money makes it a natural pick for the likes of Apple, says govt official Shouvik Das / Livemint : No change t...
Alibaba reports Q1 revenue up 7% YoY to ~$32.8B, below $33B est., and net income up 279% to ~$1.7B, partly due to its equity investment gains; BABA drops 5%+
Crypto Sentiment Shifts Cissy Zhou / Nikkei Asia : Alibaba's Q1 revenue falls short as international e-commerce falters Bill McColl / Yahoo Finance : Alibaba Misses Forecasts on Chinese Consumer Slowd...
Tencent reports Q4 revenue up 11% YoY to ~$23.9B, vs. ~$23.4B est., profit up 90% YoY to ~$7B, vs. ~$6.3B est., and domestic games revenue up 23% YoY to ~$4.6B
Arjun Kharpal / CNBC :
Xiaomi launches the 6.36" Xiaomi 15 and 6.73" Xiaomi 15 Ultra in the EU and the UK, offering Snapdragon 8 Elite, 120Hz displays, and more, for €999+ and €1,499+
Introduction — Xiaomi introduced the 15 and 15 Pro in China back in October … Moneycontrol : Xiaomi 15 Ultra, Xiaomi 15 goes official at MWC Barcelona 2025: Price, specs and everything else you need...
Reddit COO Jen Wong says ~50% of Reddit's users are located outside the US, and the company is developing new search tools to make navigating the site easier
Arjun Kharpal / CNBC :