SWARMS (SWARMS) fluctuates 40.4% in 24 hours: Surge in trading volume resonates with the launch of a new AI agent on the platform

Wall Street believes that Pinduoduo’s second-quarter transaction service revenue fell sharply due to the impact of the EU’s cancellation of tax exemptions affecting Temu, leading to short-term profit pressure. However, the company proactively increased support for domestic merchants (100 billion), as well as investments in the global supply chain and private brands, to build long-term competitive advantages. All three major investment banks maintain a "buy" rating. Goldman Sachs believes the domestic business is resilient and the extremely low valuation has fully reflected short-term risks. Jefferies states that the self-operated model focuses deeply on factory supply chains, establishing strong competitive barriers. Morgan Stanley reports that by refusing to pursue instant retail and focusing on core e-commerce, Pinduoduo demonstrates strong strategic resolve.

Ahead of Nvidia's August 26 financial report, the market has already priced in strong performance. The real suspense lies in two main points: whether the Rubin architecture can replicate or even surpass the ramp-up speed of Blackwell, and behind the $600 billion super-order tied to OpenAI, whether there are liabilities to be accounted for and who will bear the 20-year single tenant risk. The answers will reshape Nvidia's valuation logic.