CRO Outperforms CPO in August: Is a Rally in Pharmaceutical Stocks Next After the Optical Module Surge?

① The semi-annual report indicates that the operating performance and order backlog of multiple CRO companies have resumed rapid growth, driven by a robust recovery in client demand; ② In Q2, fund allocations to the pharmaceutical sector overall dropped to historic lows, yet innovative drugs and CROs emerged as the primary areas for contrarian accumulation by capital at market bottoms; ③ The CDMO sub-sector has entered a critical period for new contract signings and the volume ramp-up of major overseas products.

cls.cn25minutes ago

Top 20 by Trading Volume | SanDisk rises another 7%, surging over 35% this week; Google Class A shares become Berkshire Hathaway’s fourth-largest holding; AI financing concerns intensify, Broadcom plunges nearly 6%; Reddit to be included in the S&P 500 In

SanDisk, the top stock by trading volume, closed up 7.39% with $33.63 billion in turnover. In the previous trading session, SanDisk announced a series of financial targets for fiscal years 2028 to 2030, including maintaining mid-to-high double-digit revenue growth during this period. SanDisk has continued its upward momentum, rising more than 35% cumulatively this week.

Futu News06:18

Alibaba open-sources Qwen3.8; Tongyi Qianwen large model surpasses 3 billion global downloads

Alibaba has cumulatively open-sourced more than 460 models to the global AI community. The Qwen model has achieved over 3 billion downloads worldwide, with more than 300,000 derivative models, firmly establishing it as the leading open-source model globally.

wallstreetcn03:02

Qianwen Office integrates Zhipu and DeepSeek, igniting the battle for model aggregation.

Office AI agents have officially entered the fierce competition for model aggregation. On the evening of August 14, Qianwen Office announced the launch of GLM-5.3 and DeepSee...

wallstreetcnAug 14 23:50

Opportunities and Concerns Amid Tencent’s RMB 84.7 Billion Capital Expenditure | Feature Article

1. Tencent's capital expenditures in Q2 amounted to RMB 52.8 billion, plus RMB 51.4 billion in prepayments for computing power, suggesting that its investment in AI infrastructure may have exceeded RMB 100 billion. 2. Historically, as an asset-light internet platform, Tencent has long enjoyed a median P/E valuation multiple of 20–25x. However, if sustained large-scale capital expenditures lead to narrower free cash flow and a shift toward a more asset-heavy profile, the market may adopt the pricing logic applicable to infrastructure companies, thereby exerting downward pressure on its median valuation multiple.

cls.cnAug 14 22:17

Lenovo Gets Upgraded to Buy at BofA Following Earnings

Seeking AlphaAug 14 19:21