NewsNewsDetails
Company and Industry 1029 | Google's Financial Report "Blows Up," Impacting the Computing Power Chain. How Far Have Tech Stocks Adjusted?
The Block
1h ago
Ai Focus
A-share market opened lower and continued to decline today, with the Double Innovation Index falling by over 4%. More than 4,700 individual stocks tumbled, and trading volume shrank to 1.57 trillion yuan. The program focuses on the adjustments in computing power hardware, optical modules, and technology stocks under the impact of Google's financial report, as well as the performance of defensive sectors such as banks and food and beverage companies.
Helpful
No.Help

CBN News, October 29, 2026, 20:11:15 - Listen to the news

Author: CBN; Editor: Hu Yingli

Host: Yang Zi

Guests: Wu Wenchang, Han Yu, Gu Yongjing

A-share market opened lower today and continued to decline, with the Double Innovation Index falling by over 4%. More than 4,700 individual stocks tumbled, and trading volume shrank to 1.57 trillion yuan. With further reduced trading volumes, is there still pressure for the market to test new lows in the short term? Computing power hardware saw a collective slump, with Tianfu Communications hitting its daily limit down during trading. What position have technology stocks adjusted to? Banks, on the other hand, performed strongly against the trend, with Industrial and Commercial Bank of China and China Construction Bank setting new historical highs. Will this extreme defensive market trend continue? Last night, Google's financial report caused a shock; has the narrative around computing power hardware shifted? Does the valuation slope for optical modules need to be revised downward further? Food and beverage stocks rebounded against the trend. Is this a rush by funds to repair their positions, or is it simply a defensive allocation? During this period of significant index corrections, how should one adjust their positions and portfolio allocations?

Tonight, Wu Wenchang, Han Yu, and Gu Yongjing are guests on "Companies and Industries," where we will face head-on the situation of shrinking volumes and sharp declines, analyze the impact of Google's financial reports, and discuss defensive strategies and industrial opportunities!

Article Author

Tip
$0
Like
0
Save
0
Views 23
HQYC reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”，and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
XRP Ledger has 10 amendments pending activation, but the lending upgrade is still missing 10 votes
XRP Ledger currently has 10 amendments awaiting activation on the mainnet, but its proposed native lending system has not yet received sufficient support from validators. Meanwhile, the technical cleanup and upgrade fixCleanup3_4_0 is still in progress and is expected to be activated as early as November 4th.
Coinpaper
·2026-10-29 22:44:34
1
JPMorgan Chase covers Palantir for the first time, gives it a “overweight” rating, and includes it in the catalyst list, optimistic about the commercialization and profit growth of AI
JPMorgan Chase covers artificial intelligence software company Palantir for the first time, giving it a 'overweight' rating and a target price of $262 on December 26, 2027, and includes it in the list of analysts' key focuses. The bank believes that Palantir performs outstandingly in terms of AI commercialization, revenue growth, and profitability, and that the financial report on November 2 may show results that exceed expectations.
The Block
·2026-10-29 22:44:32
1
Ripple Aims for an Annualized Product Revenue Operating Rate of $900 Million, RLUSD Reaches $2.6 Billion
Ripple indicates that as the company's business expands from encrypted payments to custody, stablecoins, trading, and corporate fund management, it expects to achieve an annualized product revenue run rate of $900 million by the end of 2026. The company stated that the number of customers and partners using its Ripple products has tripled this year, and the market value of RLUSD stablecoins has reached approximately $2.6 billion.
Coinpaper
·2026-10-29 22:44:28
1
Mayer Brown is reportedly close to acquiring Lumentum, with the transaction size potentially reaching tens of billions of dollars; stock price trends of both parties diverge.
On October 29th, there were reports that Marvell Technologies was engaged in in-depth negotiations to acquire the optical communication equipment supplier Lumentum, with the deal potentially being finalized next week. Driven by this news, the stock price of Lumentum rose by over 6% before the market opened, while Marvell's stock price fell by more than 12%. Analysts believe that if the deal is completed, it could become one of the largest mergers and acquisitions in the history of the technology and telecommunications industries. However, there are still uncertainties regarding valuation, financing pressures, profit dilution, and regulatory reviews.
The Block
·2026-10-29 22:44:26
3
Microsoft releases the largest DirectX ray tracing upgrade since 2018: AMD RX with a performance boost of about 66 times in the 9070 example
Microsoft announces the release of DirectX 12 Agility SDK 1.620 official version and 1.722 preview version, bringing several updates to DirectX ray tracing, including cluster geometry, partitioned top-level acceleration structures, and indirect acceleration structure construction, among other features. Microsoft states that these updates are aimed at reducing the computational overhead of ray tracing in complex dynamic scenes, but the actual effects depend on the specific workload, engine implementation, and GPU architecture.
The Block
·2026-10-29 22:44:21
5
View More
Latest from Author
Refresh
arrow
Mechanical hand that can walk on fingertips has been developed
Mechanical hand that can walk on fingertips has been developed
09-29 14:14   449peopleViews
News reports that Apple's iPhone 18 Pro series sold nearly 1.3 million units in China within 7 days of its launch.
News reports that Apple's iPhone 18 Pro series sold nearly 1.3 million units in China within 7 days of its launch.
09-27 21:59   526peopleViews
News: Changan Automobile Establishes the AD Collaborative Development Department; Avita and Deep Blue Begin Substantive Integration
News: Changan Automobile Establishes the AD Collaborative Development Department; Avita and Deep Blue Begin Substantive Integration
09-27 21:59   492peopleViews
Recommended