On July 1, Sea Ltd rose 3.23% in regular trading, trading at $95.83/share, with turnover of $403 million. The move was driven by continued market enthusiasm around the company's AI-powered expansion into the US consumer market.

Sea recently launched Migoo, a generative AI companion chatbot, marking its first foray into the competitive US consumer market. The project represents one of Sea's most significant AI initiatives to date. Additionally, the company has established a dedicated team reporting directly to the President's Office to identify AI investment opportunities globally, signaling management's strong commitment to cultivating AI as a next growth engine beyond e-commerce.

On fundamentals, Sea reported Q1 revenue of $7.1 billion, up 46.6% year-over-year and well above market expectations of $6.45 billion. Shopee GMV grew 30%, SeaMoney loan volume surged 70%, and management maintained full-year GMV growth guidance of 25%. Quarterly active users reached 667 million with paid user penetration rising to 10.9%.

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