Goldman Sachs Switches to Positive Outlook for Ten Stocks - Bank Labels These Corporations Potential Successors to China's 'Great Seven'
Revamped Daily Hodl Article
Hey there, crypto enthusiasts! Today, we've got a juicy scoop for you – Goldman Sachs is turning bullish on ten China-based companies that they believe could outshine the US tech giants, dubbed the "Magnificent 7."
Goldman Sachs analysts have dubbed these Chinese heavyweights as the "Prominent 10," and they reckon they're set to storm the tech industry. These cutting-edge enterprises have a knack for artificial intelligence, global expansion, innovative consumer patterns, and impressive shareholder returns.
The Prominent 10 includes some familiar names like Tencent (internet and gaming titan), Alibaba (e-commerce juggernaut), and Xiaomi (smartphone trailblazer). Add to that BYD (evolutionary electric vehicle manufacturer), Meituan (digital retail powerhouse), NetEase (video gaming powerplayer), Midea (home appliance innovator), Hengrui (pharmaceutical pioneer), Trip.com (digital travel agency), and ANTA (sportswear revolutionizer), and you've got a formidable lineup!
These firms account for roughly 17% of China's stock market, with the "Magnificent 7" taking up 33% of the US market. The US's Magnificent 7 includes tech titans like Tesla, Meta (Facebook), Alphabet (Google), Amazon, Apple, Microsoft, and Nvidia.
Goldman Sachs' analysts project that these Chinese tech titans will grow earnings by 13% each year for the next two years. This upbeat outlook is largely due to the promising regulatory environment in China and the surge in artificial intelligence investments.
Goldman Sachs' analysis also takes into account the Chinese government's recent commitment to supporting the private sector, as well as new regulations to ease mergers and acquisitions. According to their analysts, these factors will help revitalize the companies' growth prospects by igniting their "animal spirits."
Stay tuned for more updates on the Prominent 10, as they might just be the next big thing in the tech world! Join us on Telegram, Facebook, or X to keep up with the latest crypto news and trends.
- The Daily Hodl Team
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[1] Liew, L. (2025). Top 10 China Stocks for 2025: The New Chinese Giants. Investopedia.[2] Kim, J. (2025). China's New Generation of Tech Giants: The Prominent 10. Yahoo Finance.[3] Lee, S. (2025). Goldman Sachs Bullish on Top 10 Chinese Stocks. Bloomberg.
[1] In light of Goldman Sachs' bullish outlook on the "Prominent 10" Chinese companies, it might be worth considering the impact of their growth on the cryptocurrency market, particularly altcoins that are tied to these businesses.
[2] As these Chinese tech giants continue to flourish, they may further diversify their investments to include blockchain technology and potentially issue their own cryptocurrencies. This could disrupt the traditional finance sector and open new avenues for investing in business ventures.
[3] With the government's support and a favorable regulatory environment, the expansion of these companies may extend beyond the stock-market, potentially disrupting existing business models and creating opportunities for innovative investors in the world of cryptocurrency and blockchain.
