#财报观察员：小米Q2财报出炉，是汽车救场还是手机拖后腿？ Xiaomi's latest earnings report is starting to be digested by the market. Profits beat expectations, and with continuous growth in the automotive and AI sectors, capital is reevaluating Xiaomi's valuation logic. Just glanced at the market, XIAOMIUSDT surged to around 3.46 in one go, up over 6%. The solid Q2 fundamentals are behind this: total revenue of 108.9 billion, although the mobile segment's profits were squeezed by rising storage chip prices, the automotive business held steady—quarterly deliveries reached 104,199 units, generating 24.9 billion in revenue. More importantly, expenses were tightly controlled, which is a plus in the current environment. However, I tend to interpret this movement as short-covering and new capital inflows following the earnings release, not necessarily indicating a complete trend reversal. The key is to watch if it can hold above 3.4. Volatility watch: Cryptocurrency volatility observation — $XIAOMI