In today’s briefing:
- MV US Listed Semiconductor 25 Index Rebalance: US$1.2bn Round-Trip Trade
- Baidu Inc.: Dealing With The Uncertain Commercial Viability of Autonomous Driving
- iQIYI Inc.: Growing Its Content Ecosystem & Executing Overseas Market Expansion to Help Alter The Playing Field?
- [Quiddity Index] MV US Semiconductor Jun25 Rebalance Results: Flow Expectations
- Palantir’s Parabolic Surge: Meme Stock Mania Or AI Megatrend in Motion?
- Onto Innovation Just Doubled Its Node Revenue—What’s Driving This Metrology Surge?
- NetApp Inc.: 6 Critical Factors That Will Define Its Success in 2025 & Beyond!
- Qualys Inc.: Strengthening Partnership Ecosystem to Play A Significant Role In Its Growth Trajectory!
- C3.ai Strikes Gold with Powerhouse Partnerships—Is Big Tech Its Secret Weapon?
- Dell Technologies: AI Server Integration & Backlog Growth As A Pivotal Growth Lever!
MV US Listed Semiconductor 25 Index Rebalance: US$1.2bn Round-Trip Trade
- There are no constituent changes for the VanEck Vectors Semiconductor (SMH US) ETF in June but there are a lot of float and capping changes.
- Estimated one-way turnover is 2.5% resulting in a round-trip trade of US$1.2bn. Impact on the stocks is small given they are highly liquid.
- There will be more flows in a lot of these stocks from trackers of the Technology Select Sector SPDR (XLK US). Broadcom (AVGO US) will have largest outflows.
Baidu Inc.: Dealing With The Uncertain Commercial Viability of Autonomous Driving
- Baidu, Inc. delivered a solid performance in the first quarter of 2025, with its Baidu Core division reporting a 7% year-over-year revenue increase, reaching RMB 25.5 billion.
- This growth was primarily driven by a substantial surge in its AI cloud business, which saw a 42% increase year-over-year, contributing significantly to Baidu Core’s overall revenue.
- A notable development within this business unit is the expansion of the AI cloud’s role in Baidu’s operations, now accounting for 26% of Baidu Core’s revenue, up from 20% in the previous year.
iQIYI Inc.: Growing Its Content Ecosystem & Executing Overseas Market Expansion to Help Alter The Playing Field?
- iQIYI’s first-quarter 2025 results exhibited growth across several key business segments, though certain challenges remain.
- The company experienced sequential growth in total revenues, largely attributed to their emphasis on premium content production and strong performance in long-form and micro-dramas.
- This focus has effectively positioned iQIYI as a leading platform for both long-form and short-form entertainment content, contributing positively to user engagement and content consumption.
[Quiddity Index] MV US Semiconductor Jun25 Rebalance Results: Flow Expectations
- The MV US Listed Semiconductor 25 index represents the performance of the biggest US-listed companies in the semiconductor industry.
- There will be no index changes for the June 2025 rebalance event.
- We expect a one-way flow of US$700mn for June 2025.
Palantir’s Parabolic Surge: Meme Stock Mania Or AI Megatrend in Motion?
- Palantir Technologies has become one of Wall Street’s most polarizing success stories in 2025.
- Riding a 76% year-to-date gain and clocking in at more than 460% over the past 12 months, the company’s stock has reached new highs, closing at a record for three consecutive sessions earlier this month.
- The surge puts it in league with speculative darlings like CoreWeave and even evokes comparisons to meme stock veterans such as GameStop.
Onto Innovation Just Doubled Its Node Revenue—What’s Driving This Metrology Surge?
- Onto Innovation’s latest financial results for the first quarter of 2025 present a mixed picture of record revenue growth alongside operational challenges stemming from external factors like tariffs and evolving market demands.
- The company reported $267 million in revenue, marking a record quarter driven primarily by expansions in advanced nodes and advanced packaging sectors.
- This growth reflects robust market demand, particularly associated with AI compute engines and cloud infrastructure investments.
NetApp Inc.: 6 Critical Factors That Will Define Its Success in 2025 & Beyond!
- NetApp reported record revenue for the fourth quarter and fiscal year 2025, showcasing strong growth in the all flash storage market and first-party and marketplace storage services.
- The company achieved all-time highs in gross profit, operating profit, operating margin, and earnings per share (EPS), which indicates a robust financial performance and a potential strong position in the evolving enterprise AI market.
- A critical component of NetApp’s growth strategy is focusing on AI-powered infrastructure, with all-flash systems and public cloud services contributing to over two-thirds of the total revenue.
Qualys Inc.: Strengthening Partnership Ecosystem to Play A Significant Role In Its Growth Trajectory!
- Qualys, a leading provider of cybersecurity solutions, presented a mixed financial performance for the first quarter of 2025, highlighted by certain growth indicators alongside pronounced macroeconomic challenges.
- Total revenue for the quarter increased by 10% year-over-year to $159.9 million, surpassing initial expectations.
- This growth was notably fueled by robust performance of the channel sales, which accounted for 49% of total revenues, reflecting a 19% increase in channel-related revenue compared to a 2% growth in direct revenue.
C3.ai Strikes Gold with Powerhouse Partnerships—Is Big Tech Its Secret Weapon?
- C3.ai has demonstrated dynamic progress and significant strides in its fiscal year ending April 30, 2025, highlighted by impressive growth metrics and strategic advancements.
- The company reported a 25% year-over year revenue increase, reaching $389.1 million, marking three consecutive years of accelerating revenue growth.
- This upward trajectory underscores the company’s effective strategies in the expansive Enterprise AI market.
Dell Technologies: AI Server Integration & Backlog Growth As A Pivotal Growth Lever!
- Dell Technologies Inc.’s fiscal year 2026 first quarter financial results provide a mixed but generally positive view of the company’s current performance and future prospects.
- The company reported revenue of $23.4 billion, a growth of 5% year-over-year.
- This increase was driven by robust performance across its core markets, particularly in Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG), each growing by 8%.
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