Tech Giants Surge: NetEase Leads with Stellar Earnings, Trip.com Boosts Travel Boom

1. Netease (Nasdaq: NTES)
Netease surged by 7.88%. NetEase reported Q2 2024 revenue of RMB 254.9 billion, with a gross margin increase of 3.08 percentage points to 62.9%. GAAP net profit reached RMB 67.59 billion. GF Securities maintains a "buy" rating with a target value of HKD 206.01.

2. Trip Group Limited (Nasdaq: TCOM)
Trip Group Limited surged by 7.05%. Trip.com Group reported significant growth during China's National Day, with domestic scenic area ticket orders rising 37% YoY, and homestay bookings up 55%. Outbound travel orders increased nearly 40%. Jefferies maintained a "buy" rating, forecasting strong Q3 financial performance, driven by AI integration and market expansion opportunities.

3. Pdd Holdings (Nasdaq: PDD)
Pdd Holdings gained solidly by 4.85%. Pinduoduo's October 2 trading volume reached $5.401 billion, marking a 57.73% increase from the previous day. Temu, its overseas platform, is focusing on Southeast Asian and Latin American markets. NIO delivered 21,181 vehicles in September 2024.

4. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings gained solidly by 4.79%. Vertiv Holdings disclosed several insider transactions, including a purchase by executive Winther Karsten on September 3, 2024. The company reported H1 2024 revenue of $35.92 billion with a 10.34% increase, and net profit of $1.72 billion. Analysts from Evercore, Mizuho, and Goldman Sachs maintain positive ratings.

5. Li Auto (Nasdaq: LI)
Li Auto gained solidly by 4.55%. Li Auto reported record deliveries in September, achieving 53,709 vehicles, a 48.9% year-over-year increase. The company's third-quarter deliveries reached 152,831 vehicles, up 45.4%. Li Auto has outperformed other new energy vehicle makers, setting a new monthly and quarterly delivery record.