Wrap Asia

UFPI down 13.9% on revenue miss; VMC up 23.7% on strong EBITDA beat. Building materials face cyclical risks.

Media stocks dip post-earnings: IMAX down 11.6%, SBGI 9.8%, IAC 11.7%. Revenue misses plague sector.

Berkshire Hathaway exits AMZN, doubles down on GOOGL's $460B cloud backlog & AAPL's high-margin services.

Sea surges 4.1% on strong revenue beat, while CARS drops 7.4% on flat sales.

Alibaba's new AI chip triples performance, boosting domestic alternatives amid U.S. curbs. Roadmap targets 2027/2028.

Online retailers beat Q1 revenue estimates by 2.7%, but stocks are down 15.8% on average. AMZN up 16.6% YoY, CVNA up 52% YoY.

IFF beats on EBITDA, up 3.3%. INGR misses EBITDA, down 4%. Mixed results in flavors & fragrances.