Jefferies analysts say research into AI world models could be "very positive" for compute and memory demand long-term, as these models' ability to predict physical world changes is critical for robotics and autonomous driving. Different development routes are compute- and memory-intensive, supporting data centers and high-bandwidth memory suppliers.
HSBC Global Research predicts a 10% decline in Xiaomi's 2026 smartphone revenue, assuming a 27% volume drop offset by a 24% average selling price increase weighted toward 4Q. The firm initiated coverage with a buy rating and HK$33.20 target price; shares closed at HK$25.24.
Trend Force reports nontraditional players like Nvidia, Arm, AWS, and Google are entering the server CPU market alongside Intel and AMD. Agentic AI demand is shifting the CPU-to-GPU ratio in AI data centers from 1:8 to between 1:1 and 1:2, significantly boosting CPU demand.
CMB International estimates Tuhu Car's A$278 million mycar Tyre & Auto acquisition will lift adjusted net profit 10%-15% over two years and provide a testing ground for overseas expansion. The brokerage raised its target to HK$19.0 from HK$18.0; shares closed at HK$11.29.
Nomura's Angela Hong expects Naver to miss 3Q consensus due to elevated infrastructure and offline expansion costs, trimming 2026-27 EPS forecasts by 8%. She maintains a 210,000-won target and neutral rating; shares trade at 191,900 won.
Deutsche Bank says Workday's 2.5% workforce reduction, focused on product and technology teams, aims to streamline operations rather than free up 2024 investment capacity.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing