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HKG:0762 10 February 2025 - 9 February 2026

China Mobile stock slides after Goldman Sachs downgrade as 5G build outlook cools

China Mobile stock slides after Goldman Sachs downgrade as 5G build outlook cools

China Mobile shares fell 2.1% to HK$78.50 after Goldman Sachs downgraded the stock to “Neutral” and cut its target price to HK$88. The drop came as the Hang Seng Index rose 1.76%. Goldman cited slower 5G growth and flagged a reduced pace of new base-station rollouts for 2026 and 2027. China Telecom and China Unicom also slipped, but China Mobile’s decline was steeper.
9 February 2026
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Internet Access in China

Internet Access in China

China had 1.09 billion internet users by end-2023, with over 99% on mobile. State-owned ISPs—China Telecom, China Unicom, and China Mobile—control regional access and backbone networks. All international traffic passes through three government-run gateways, slowing foreign site access. The Great Firewall blocks major foreign platforms and censors content; VPN use is tightly restricted.
10 February 2025
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Stock Market Today

  • Cloudflare Shares Drop 7.6% Following CEO Insider Sales
    April 9, 2026, 11:57 AM EDT. Cloudflare's (NYSE:NET) stock price fell 7.6% to $195.19 after CEO Matthew Prince sold large blocks of shares totaling over $22 million. The trades, executed under a pre-arranged Rule 10b5-1 plan, sharply cut the CEO's ownership by nearly 99% in one instance. Trading volume was down 79% from average. Despite the sell-off, Wall Street analysts remain optimistic with a consensus 'Moderate Buy' rating and an average price target around $233. Leading firms like Citigroup and BTIG have recently raised price targets, signaling confidence in Cloudflare's long-term prospects.

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Palantir Stock Drops as Michael Burry Says Anthropic Is ‘Eating Its Lunch’

Palantir Stock Drops as Michael Burry Says Anthropic Is ‘Eating Its Lunch’

9 April 2026
Palantir Technologies dropped about 7% Thursday after Michael Burry said Anthropic was overtaking it in enterprise AI, putting Palantir on track to lose $34 billion in market value. Anthropic reported its annualized revenue run rate had surged past $30 billion and launched new AI tools for businesses. Nearly one in four businesses on Ramp now pays for Anthropic, according to Ramp data. Palantir’s stock still trades at 395 times earnings.
Salesforce Stock Hits Fresh 52-Week Low Despite AI Growth and $50 Billion Buyback

Salesforce Stock Hits Fresh 52-Week Low Despite AI Growth and $50 Billion Buyback

9 April 2026
Salesforce shares hit a new 52-week low Thursday, dropping 3.7% to $169.76 despite reporting 12% revenue growth and strong demand for its AI products. The broader software sector continued to slide, with the S&P 500 software and services index down about $1 trillion since January. Salesforce raised its buyback authorization to $50 billion and increased its dividend to 44 cents a share.
ServiceNow Stock Hits Fresh 52-Week Low as Analysts Cut Targets Ahead of Earnings

ServiceNow Stock Hits Fresh 52-Week Low as Analysts Cut Targets Ahead of Earnings

9 April 2026
ServiceNow shares dropped 5.1% to $92.45 by 10:20 a.m. EDT Thursday, hitting a new 52-week low after analysts at Stifel, BTIG, and Goldman Sachs cut price targets citing weak federal spending and limited 2026 growth. The company announced it will integrate AI, data, security, and governance into all products ahead of first-quarter results due April 22.
SoFi Technologies Stock Slips as Wall Street Cuts Targets Ahead of Q1 Earnings

SoFi Technologies Stock Slips as Wall Street Cuts Targets Ahead of Q1 Earnings

9 April 2026
SoFi Technologies shares fell 1.9% to $16.18 Thursday after KBW and Wells Fargo cut price targets ahead of first-quarter results due April 29. The moves follow Muddy Waters’ short position and claims of accounting issues, which SoFi denies. Affirm and LendingClub also traded lower. Barclays and other banks have trimmed targets as concerns mount over credit quality and sector valuations.
Tesla revives cheaper EV bet with compact SUV plan in China after sales strain

Tesla revives cheaper EV bet with compact SUV plan in China after sales strain

9 April 2026
Tesla is developing a smaller, cheaper electric SUV to be built first in Shanghai, sources said. The new model would cost less than the Model 3 and be smaller than the Model Y. Tesla produced 408,386 vehicles but delivered only 358,023 in Q1, as U.S. demand weakened and competition increased. Shares fell 0.8% Thursday.
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