1. Warren Buffett said: the stock market is a device of transferring money from the inpatient to the patient.

Alibaba’s revenue rose 8% year-over-year, highlighting strong momentum in Taobao and Tmall, plus double-digit cloud growth. The company's AI-related product revenue sustained triple-digit growth for the sixth consecutive quarter, driven by strong demand and strategic investments.

Alibaba is aggressively investing in AI infrastructure, exceeding its previous decade's investment, positioning itself to capitalize on the AI era's growth potential.

Meanwhile, Morgan Stanley upgraded MSCI China to equalweight from underweight and raised its end-2025 target for the index to 77, an increase of 22% from its previous forecast. The bank raises MSCI China target forward P/E multiple from 10x to 11.6x.

2. European banks have sailed through the earnings season, and are pulling more investors into the region’s best performing sector.

An index of banks has been climbing for nine straight weeks and is up 18% this year. Now optimism over results, dividend payouts and big share buybacks are pouring fuel on the rally.

“The European banking sector is leading the equity market rally for good reasons,” says Roberto Scholtes, head of strategy at wealth manager Singular Bank, pointing to fourth-quarter earnings beating consensus expectations by roughly 10% on average.

“Looking forward, all these trends are likely to remain in place.”

3. Meta will build a 50,000 km subsea cable around the world.

Over 99 per cent of international data exchanges are carried by underwater cables, according to the International Telecommunications Union.

Meta’s cable would use a 24 fibre-pair system, which will give the connections the cable makes to the United States, India, Brazil, and South Africa a "higher capacity”.

"Project Waterworth will be a multi-billion dollar, multi-year investment to strengthen the scale and reliability of the world’s digital highways by opening three new oceanic corridors with the abundant, high-speed connectivity needed to drive AI innovation around the world," the company wrote in a blog post.

4. Cash levels have dropped to just 3.5%, the lowest since 2010, according to the Bank of America Fund Manager Survey.

Will there be any money left to buy the dip?

5. Intel’s shares have soared 30%.

Even with the stock’s recent pickup, Intel’s market capitalization is now about one-eighth that of TSMC’s.

The Trump administration has effectively put a buy rating on Intel’s stock. But that alone won’t get the troubled chip maker out of its jam.

Still, Intel’s position as the only U.S.-based chip maker with leading-edge production capabilities that can fabricate the most advanced processors does make it vital to the vision of the Trump administration.

The world’s two other leading-edge chip makers—TSMC and Samsung—are building new plants in the U.S., but both are foreign domiciled.

Source: WSJ

6. Microsoft introduced “Majorana 1”, the world’s first quantum chip.

It expects to realize quantum computers capable of solving meaningful, industrial-scale problems in years, not decades.

This chip uses the world’s first topoconductor, a breakthrough type of material which can observe and control Majorana particles to produce more reliable and scalable qubits, which are the building blocks for quantum computers.

In the same way that the invention of semiconductors made today’s smartphones, computers and electronics possible, topoconductors and the new type of chip they enable offer a path to developing quantum systems that can scale to a million qubits and are capable of tackling the most complex industrial and societal problems, Microsoft said.

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