In recent days, PDD Holdings Inc. drew attention as investors weighed expectations for strong year-over-year earnings and revenue growth ahead of its upcoming results, even as the broader market focus remained on macroeconomic uncertainty. At the same time, a large majority of covering brokerages have issued Buy to Strong Buy views, highlighting a strong consensus of optimism around the company’s near-term fundamentals and execution. We’ll now examine how this combination of upbeat earnings...