Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Thematic (Sector/Industry)

<ul><li>Meta's introduction of an AI-generated video feed raises significant concerns regarding copyright and misinformation risks.</li><li>Apple has decided to halt updates on its Vision Pro headset to focus on developing AI glasses similar to Meta's offerings.</li><li>Western Digital is set to invest $1 billion in Japan, leveraging its established partnerships in the region for growth.</li></ul>

Meta's introduction of an AI-generated video feed raises significant concerns regarding copyright and misinformation risks.Apple has decided to halt updates on its Vision Pro headset to focus on developing AI glasses similar to Meta's offerings.Western Digital is set to invest $1 billion in Japan, leveraging its established partnerships in the region for growth.

Tech Supply Chain Tracker (03-Oct-2025): Meta unveils AI video feed, sparking copyright

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analysed the earning revision of component stocks of HS TECH in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on Kuaishou, HORIZON ROBOTICS, JD.COM, BIDU, MEITUAN, BYD, Horizonrobot, Meituan, Jd, Kuaishou, Bidu, BYD.</li>
</ul>


We analysed the earning revision of component stocks of HS TECH in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on Kuaishou, HORIZON ROBOTICS, JD.COM, BIDU, MEITUAN, BYD, Horizonrobot, Meituan, Jd, Kuaishou, Bidu, BYD.


HS TECH Index Earning Revision (Sep): Kuaishou, HORIZON ROBOTICS, JD.COM, BIDU, MEITUAN, BYD

<ul>
<li>We analysed the earning revision of component stocks of HSCEI in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on Pop Mart Intl, TENCENT, MEITUAN, BOC, BYD, LI AUTO, Pop Mart, BOC, Meituan, BYD, Tencent, Li Auto.</li>
</ul>


We analysed the earning revision of component stocks of HSCEI in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on Pop Mart Intl, TENCENT, MEITUAN, BOC, BYD, LI AUTO, Pop Mart, BOC, Meituan, BYD, Tencent, Li Auto.


HSCEI Index Earning Revision (Sep): Pop Mart Intl, TENCENT, MEITUAN, BOC, BYD, LI AUTO, Pop Mart

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

<ul>
<li>GB10 Brings Nvidia AI Performance From Data Center to the Desktop</li>
<li>GB10 PCs Will Be "True" AI PCs, Their Capabilities Will Be More Evident</li>
<li>From Niche to Market Driver; Maintain Structural Long for Mediatek, Asustek, Acer</li>
</ul>


GB10 Brings Nvidia AI Performance From Data Center to the Desktop
GB10 PCs Will Be "True" AI PCs, Their Capabilities Will Be More Evident
From Niche to Market Driver; Maintain Structural Long for Mediatek, Asustek, Acer


PC Monitor: Nvidia GB10 PCs Poised to Redefine the AI PC Category

AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Advanced Micro Devices / Equity Bottom-Up

<ul>
<li>Nvidia and Intel’s surprise alliance may not taper ARM or even TSMC immediately, but it could marginalise AMD far sooner.</li>
<li>With tighter OEM budgets and “AI PC” branding pressure, AMD risks being boxed out of design wins across the client stack.</li>
<li>If Nvidia and Intel drive system-level costs-per-token down, AMD’s chips might find it hard to compete despite being performant.</li>
</ul>


Nvidia and Intel’s surprise alliance may not taper ARM or even TSMC immediately, but it could marginalise AMD far sooner.
With tighter OEM budgets and “AI PC” branding pressure, AMD risks being boxed out of design wins across the client stack.
If Nvidia and Intel drive system-level costs-per-token down, AMD’s chips might find it hard to compete despite being performant.


The Intel-Nvidia Deal Could Outflank AMD Entirely

China

Lenovo Group Limited, through its subsidiaries, sells, and manufactures personal computers and handheld devices. The Company also provides Internet services and IT services, and contracting manufacturing business.

Price Gauge
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Lenovo Group Ltd Adr (LNVGY US)

Tech Supply Chain Tracker (03-Oct-2025): Meta unveils AI video feed, sparking copyright

Meta's AI video feed raises copyright and misinformation concerns, while Apple shifts focus to AI glasses, and Western Digital invests $1 billion...

Tech Supply Chain Tracker

HS TECH Index Earning Revision (Sep): Kuaishou, HORIZON ROBOTICS, JD.COM, BIDU, MEITUAN, BYD

We analyzed HS TECH's consensus for Sep 2025 and highlighted changes of EPS in Kuaishou, HORIZON ROBOTICS, JD.COM, BIDU, MEITUAN, BYD,...

Ke Yan, CFA, FRM

HSCEI Index Earning Revision (Sep): Pop Mart Intl, TENCENT, MEITUAN, BOC, BYD, LI AUTO, Pop Mart

We analyzed HSCEI's consensus for Sep 2025 and highlighted changes of EPS in Pop Mart Intl, TENCENT, MEITUAN, BOC, BYD, LI AUTO, Pop Mart, BOC,...

Ke Yan, CFA, FRM

PC Monitor: Nvidia GB10 PCs Poised to Redefine the AI PC Category

Nvidia's GB10 brings AI performance to desktop PCs, transforming them into "true" AI machines and driving market growth for Mediatek, Asustek, and...

Vincent Fernando, CFA

The Intel-Nvidia Deal Could Outflank AMD Entirely

Nvidia and Intel's alliance could marginalise AMD sooner than expected due to tighter OEM budgets and potential cost reductions in system-level...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Tech Supply Chain Tracker (03-Oct-2025): Meta unveils AI video feed, sparking copyright

Meta's AI video feed raises copyright and misinformation concerns, while Apple shifts focus to AI glasses, and Western Digital invests $1 billion...

Tech Supply Chain Tracker

HS TECH Index Earning Revision (Sep): Kuaishou, HORIZON ROBOTICS, JD.COM, BIDU, MEITUAN, BYD

We analyzed HS TECH's consensus for Sep 2025 and highlighted changes of EPS in Kuaishou, HORIZON ROBOTICS, JD.COM, BIDU, MEITUAN, BYD,...

Ke Yan, CFA, FRM

HSCEI Index Earning Revision (Sep): Pop Mart Intl, TENCENT, MEITUAN, BOC, BYD, LI AUTO, Pop Mart

We analyzed HSCEI's consensus for Sep 2025 and highlighted changes of EPS in Pop Mart Intl, TENCENT, MEITUAN, BOC, BYD, LI AUTO, Pop Mart, BOC,...

Ke Yan, CFA, FRM

PC Monitor: Nvidia GB10 PCs Poised to Redefine the AI PC Category

​Nvidia's GB10 brings AI performance to desktop PCs, transforming them into "true" AI machines and driving market growth for Mediatek, Asustek, and...

Vincent Fernando, CFA

The Intel-Nvidia Deal Could Outflank AMD Entirely

​Nvidia and Intel's alliance could marginalise AMD sooner than expected due to tighter OEM budgets and potential cost reductions in system-level...

Mint Finance

Nvidia's GB10 brings AI performance to desktop PCs, transforming them into "true" AI machines and driving market growth for Mediatek, Asustek, and...

Nvidia and Intel's alliance could marginalise AMD sooner than expected due to tighter OEM budgets and potential cost reductions in system-level...