On August 7 (local time), Jinglin Asset Management, a private equity firm managing hundreds of billions of yuan, disclosed its U.S. stock holdings as of the end of the second quarter of 2026. In the second quarter, Jinglin Asset Management liquidated its positions in popular tech stocks such as Nvidia and META, and significantly reduced its stakes in Intel, NetEase, Google, and other stocks. As a result, the market value of its U.S. stock holdings dropped from $3.88 billion to $2.19 billion, a decrease of 43%. Meanwhile, Jinglin Asset Management also invested in some semiconductor industry chain companies, including U.S. optical module manufacturer AAOI.