Markets
markets
Luke Kawa

Chinese stocks are jumping on solid economic growth, easing of export curbs

A solid GDP print along with the US softening its stance on seemingly the most contentious front between the world’s two largest economies — access to advanced technology — have Chinese stocks rallying strongly on Tuesday.

The US ADRs of Baidu are trading 8% higher, Alibaba is up more than 5%, JD.com is trading almost 3% to the upside, and Temu parent PDD Holdings is up about 2% in early trading on Tuesday.

China’s economy grew 5.2% year on year in the second quarter, a tick ahead of estimates. And Nvidia and AMD are preparing to ship AI chips to China that were formerly under export bans after receiving fresh guidance from the Commerce Department. US Treasury Secretary Scott Bessent suggested that this relaxation of export restrictions was “part of a mosaic” in the thawing of trade relations between the two countries.

Separately, Jefferies boosted its price targets on two Chinese data center stocks, GDS Holdings and VNET Group, calling the tweaks to export rules as “positive for China’s AI capex” and supportive of higher valuations.

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Luke Kawa
19m
How Broadcom CEO Hock Tan won the market over during the earnings call

“Broadcom knocked down (at least) four outstanding investor concerns on the call,” wrote Bernstein analyst Stacy Rasgon, who upped his price target to $525 from $475.

Dunhuang Celebrates Lantern Festival With Fireworks Show
markets
Claire Yubin Oh

The Trade Desk jumps on reported deal talks to help OpenAI sell ads

The Trade Desk rose double-digits in premarket trading on Thursday, up more than 16.5% at 5 a.m. ET, after The Information reported that OpenAI has held early partnership talks with the company to help the ChatGPT maker sell ads going forward.

Per the report, OpenAI will initially use external partners to sell ads and scale up its business, having launched ads on ChatGPT just last month. The Trade Desk, which offers an automated platform for advertisers to place ads on a large scale, will apparently be one of those partners. Will Doherty, The Trade Desk’s senior VP of inventory development, oversees partnerships with the platforms and companies where businesses place ads, and is involved in the OpenAI talks, per one of The Information’s sources.

Sam Altman’s company is reportedly planning to bring ad tech functions in-house eventually, including automating sales and offering performance information to advertisers.

Per The Information, OpenAI has projected that the new emphasis on ads could help double revenues from its consumer business to $17 billion, as it looks for different ways to monetize its platform’s ~910 million users. With that in mind, OpenAI has already explored partnerships with retailers like Target, which offers ad services, and has also recently announced a technology partnership with ad tech veteran Criteo.

The partnership arrives as a huge boon for TTD, after revenue growth slowed in the last fiscal year, with shares down more than 30% so far in 2026 before today’s early jump.

OpenAI Held Early Talks With The Trade Desk to Sell Ads

OpenAI Held Early Talks With The Trade Desk to Sell Ads

Per the report, OpenAI will initially use external partners to sell ads and scale up its business, having launched ads on ChatGPT just last month. The Trade Desk, which offers an automated platform for advertisers to place ads on a large scale, will apparently be one of those partners. Will Doherty, The Trade Desk’s senior VP of inventory development, oversees partnerships with the platforms and companies where businesses place ads, and is involved in the OpenAI talks, per one of The Information’s sources.

Sam Altman’s company is reportedly planning to bring ad tech functions in-house eventually, including automating sales and offering performance information to advertisers.

Per The Information, OpenAI has projected that the new emphasis on ads could help double revenues from its consumer business to $17 billion, as it looks for different ways to monetize its platform’s ~910 million users. With that in mind, OpenAI has already explored partnerships with retailers like Target, which offers ad services, and has also recently announced a technology partnership with ad tech veteran Criteo.

The partnership arrives as a huge boon for TTD, after revenue growth slowed in the last fiscal year, with shares down more than 30% so far in 2026 before today’s early jump.

markets
Max Knoblauch

American Eagle posts stronger-than-expected Q4 earnings and revenue

If American Eagle has seen farther, it is by standing on the shoulders of Sydney Sweeney.

The jeans seller posted adjusted earnings of $0.84 per share, ahead of the $0.71 expected by analysts polled by FactSet. It booked $1.76 billion in fourth-quarter revenue, versus the $1.74 billion consensus.

Shares initially climbed more than 5% after-hours before paring gains to about 2%.

“Compelling new product collections, supported by fresh marketing campaigns, led to higher demand trends in the quarter,” said CEO Jay Schottenstein.

American Eagle said it’s expecting same-store sales to grow by high single digits in the first quarter.

Marketing controversy has proved to be a powerful mover of denim for AE. In its third-quarter earnings call in December, AE said its partnership with Sydney Sweeney — together with a Travis Kelce partnership — had garnered more than 44 billion impressions. The retailer hit meme stock status last July when it initially launched its “Sydney Sweeney has great jeans” campaign.

As of Wednesday’s close, American Eagle shares had climbed 120% since the Sweeney ad first landed.

Luke Kawa
14h
Broadcom posts modest Q1 sales and earnings beats

Its CEO forecasting over $100 billion in AI chip sales after the report, however, got investors excited.

Digital X Special Opens In Cologne
Luke Kawa
14h
Rigetti Computing posts Q4 sales that fall short of expectations

The quantum computing firm just posted Q4 results.

“Euro-Q-Exa" quantum computer

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