Weekly Tech Stock Recap: MEITUAN and NVIDIA lead the way for tech giants in the Hong Kong and US stock markets!

LB Select
2024.02.26 02:53

Last week, the highly anticipated NVIDIA earnings report ignited the market, with the US stock market hitting new highs and the Hong Kong stock market fluctuating upwards.

In the tech sector, Hong Kong's tech giants saw mixed performances last week, with Meituan soaring over 9%, Baidu up nearly 3%, Alibaba and Kuaishou up 2%, while Tencent, NetEase, Xiaomi, and JD.com experienced declines.

Looking at the US stock market, apart from Tesla's 4% drop last week, the "Big Six" all saw gains, with NVIDIA leading the way with an 8.5% increase. Its market value once exceeded $2 trillion, and its post-earnings target price was significantly raised! Amazon's market value surpassed Google's.

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