The Board of Directors of ByteDance decided to postpone the IPO plan in early May 2026. Zhang Yiming, the founder, believes that there is still room for the valuation to rise. At present, the transaction valuation of ByteDance off the market gray market has exceeded 600 billion dollars. A senior technology investment banker at Bank of America Group stated that the company's market value is expected to approach $1 trillion. At the beginning of 2026, Oracle Corporation reached an agreement with a consortium of investors to acquire 80% of the equity of TikTok's US entity. The Doubao APP is adding a paid level on top of its free service.

Jeffrey has raised Tesla's (TSLA. O) target price from $350 to $375.

According to Kalshi data, the probability of Federal Reserve Chairman Kevin Walsh raising interest rates this year has exceeded 55%, reaching the highest level since 2026. （The Bitcoin Historian）

CMB International released a report stating that the first quarter performance of overseas leading TMT companies showed strong demand for AI computing power, and several companies raised their capital expenditure guidelines, leading to short-term pressure on free cash flow. The bank believes that AI investment has a controllable impact on the profitability of leading technology companies, and the operating profit growth rate is expected to remain above 20% in the 2027/2028 fiscal year. Free cash flow is expected to rebound from the 2028 fiscal year onwards. The bank recommends Microsoft, Google, Amazon, Palo Alto Networks, and Meta.

Investor Tommy Shaughnessy pointed out that Zhipu AI has a market to sales ratio of 1280 times, MiniMax has a market to sales ratio of about 290 times, far exceeding OpenAI's 34 times and Anthropic's 21 times, and Alibaba's market to sales ratio is 1.6 times. Zhipu AI has a market value of approximately 137 billion US dollars and a revenue of approximately 107 million US dollars for the fiscal year 2025; MiniMax is valued at approximately $23 billion, with a revenue of approximately $79 million for the fiscal year 2025.