Unitree Robotics (688836.SH), known as the first humanoid robot stock on China's A-share market, has seen strong demand in its IPO. The company priced at a P/E ratio of 219.23 times, significantly higher than the industry average of 38.56 times, with offline inquiry subscription multiples exceeding 2,618 times. Early backers have reaped big gains: Variable Capital's initial 2.09 million yuan investment has grown over 174 times, Sequoia Capital China's 102 million yuan cumulative investment is now worth nearly 3 billion yuan, and Meituan-affiliated entities' 9.65% stake has generated paper profits above 3.6 billion yuan. However, secondary-market investors will confront a high valuation and a scarce float. Only about 29.77 million shares, or 7.36% of total share capital, will be tradable on the first day, with over 90% locked up. The company hasn't announced a definitive listing date yet, but it could debut on the STAR Market as early as mid-August.

Micron's latest earnings for FY2026 Q3 reported revenue of $41.46 billion, beating estimates by nearly $6 billion, with gross margin guidance of 86%. The stock surged 13–14% after hours, pushing market cap above $1.16 trillion. Despite year-to-date gains of over 300%, the forward P/E of the top three memory makers (Micron, SK Hynix, Samsung) sits at just 6–10x, compared to NVIDIA's 23x and the semiconductor median of 36x. Analysts argue that HBM demand has broken the long-standing DRAM cost decline curve, transforming memory from a commodity into a luxury good. The upcoming earnings season includes TSMC, Samsung, SK Hynix, and Western Digital. Importantly, NAND supply is even tighter than HBM, with Western Digital and SanDisk being the best-performing S&P 500 stocks in 2026, signaling NAND could be the next major theme.

Lorenzo Valente, Digital Asset Research Director at ARK Invest, says a 'graveyard' of overlooked crypto protocols presents deep value, citing Aave's 9x P/E, Solana's $6B free cash flow, and other metrics.