Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
Western Digital Q4 Earnings Beat Estimates as FY2027 Outlook Tops Expectations 
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium 
OpenAI Restricts Astra AI Over Cyberattack Risks 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
Natura Q2 Profit Plunges 92% as Financial Expenses Weigh on Earnings 
SEC Clears Path for Data Center Securitizations as AI Financing Demand Surges 
Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised 
Hims & Hers Shares Fall as GLP-1 Costs Widen Q2 Loss 
Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors 
Vast Eyes Hong Kong IPO as Chinese AI Unicorn Gains Momentum 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns 
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop 
Deutsche Bank Upgrades Persimmon to Buy After Strong First-Half Results 
JPMorgan Plans More Asia-Pacific Hiring in 2027 as Corporate Banking Revenue Surges 
Tencent’s AI assistant, Yuanbao, became the most downloaded free app on China’s Apple App Store, surpassing DeepSeek in downloads on Tuesday. Last week, it also overtook ByteDance’s Doubao AI, fueled by Tencent’s aggressive marketing campaign, according to Qimai Data.
Yuanbao is integrated with WeChat, China’s largest messaging and social media platform, giving it a competitive edge. The surge in AI interest follows the launch of DeepSeek R1, which demonstrated capabilities rivaling OpenAI’s ChatGPT despite using older hardware and a fraction of the budget.
In response, major Chinese tech firms, including Baidu, Alibaba, and Tencent, released updated AI models in the past month to capitalize on the growing demand. The success of DeepSeek also highlights China’s AI developers’ ability to innovate despite restrictions on advanced U.S. chips, shifting focus toward efficiency over scale.
Tencent’s stock responded positively, rising about 1% in Hong Kong trading on Tuesday, outperforming the Hang Seng Index’s 0.5% decline.
