Chinese tech is giving traders plenty to watch. $FUTU Q2 stood out with record trading volume and a 51% margin, while $BABA also beat expectations as AI Cloud revenue jumped 45%.
BABA’s planned $9.3B in CapEx adds another interesting angle, especially with AI infrastructure becoming a bigger part of the growth story.
The bigger question now is whether the strong numbers translate into sustained market momentum.
I’m watching the reaction in $FUTU and $BABA, with both perpetuals available on BingX.
#Altcoin Season#
BABA’s planned $9.3B in CapEx adds another interesting angle, especially with AI infrastructure becoming a bigger part of the growth story.
The bigger question now is whether the strong numbers translate into sustained market momentum.
I’m watching the reaction in $FUTU and $BABA, with both perpetuals available on BingX.
#Altcoin Season#