Taiwan Semiconductor Manufacturing Co Ltd has made a major breakthrough in 2nm process research and development and may achieve mass production by 2024; Goldman Sachs Group has a "buy" rating of Huazhu for the first time; Sina and Weibo Corp will release second-quarter 2020 results on September 28th.

The three major indexes of US stocks closed down, with the S & P 500 down 2.37%, the Nasdaq down 3.02% and the Dow Jones down 1.92%. Most large technology stocks were frustrated, with Apple Inc down 4.19%, Alphabet Inc-CL C down 3.43% and Tesla, Inc. down 10.34%.

In terms of popular US-listed stocks, 7 stocks rose, 24 stocks fell and 2 stocks closed flat.

The specific performances of popular US-listed stocks are as follows:

In terms of large-scale US-listed stocks:JD.com is down 0.55%, BABA is down 0.85%, TSMC is down 3.18%, Bilibili Inc. is down 3.37%, Baidu, Inc. is down 0.89%, New Oriental Education & Technology Group is down 1.03%

The stocks that have gained a lot are:Qutoutiao rose 10%, Huazhu Group Limited 5.29%, KE Holdings Inc. 3.05%

The stocks with larger declines are:NIO Inc. fell 6.6%; Li Auto Inc. fell 6.33%; HUYA Inc. fell 3.97%; Pinduoduo fell 4.25%.

Focus review

• Goldman Sachs Group: first given Huazhu Group Limited's H-share "buy" rating, it is expected to have more than 10, 000 hotels in 2022.

Goldman Sachs Group said in a report that it first gave Huazhu Group Limited-S (01179) "buy" rating, with a target price of HK $380. In the short term, average revenue per rentable room at Huazhu Group Limited's hotels is expected to continue to narrow by the end of the year and is likely to record greater growth in 2021 because of the robust recovery in domestic tourism, the bank said. In the medium term, the stabilization of the market is also beneficial to the international brand portfolio. In the long run, the bank believes Huazhu Group Limited, which is expected to have more than 10, 000 hotels in 2022, will benefit from strong growth in its brand, franchise, customer mix and high usage.

• SPI Energy Co Ltd closed up 1236%, and later rose more than 21%.

SPI Energy Co Ltd, a photovoltaic concept stock, rose sharply on Sept. 23, rising 1236% to $14 by the end of the day, and 21.43% later. On the news side, SPI Energy Co Ltd announced that it will set up EdisonFuture,Inc., a wholly owned subsidiary of SPI Energy, to design and develop electric vehicles and EV charging solutions. It is reported that EdisonFuture is a Silicon Valley-based subsidiary that complements SPI Energy Co Ltd's current photovoltaic solution suite, including solar and battery storage technologies.

• Fortune released a list of 2020 companies that changed the world, and BABA ranked second.

Fortune magazine recently released a list of "companies that changed the world in 2020". BABA Group appeared on the list for the sixth time and ranked second on the list for the first time. BABA demonstrated the flexibility of its global infrastructure in the crisis during the epidemic, especially when Taobao's live streaming platform helped farmers reach new users after the rural supply chain was disrupted by the epidemic, the list said.

It is reported that this is not the first time Fortune magazine has paid attention to BABA's investment and changes in rural areas. Fortune gave similar reasons for recommending BABA when he first entered the list in 2015.

• NIO Inc.: the cumulative mileage of users exceeds 1 billion kilometers.

NIO Inc. 's cumulative mileage exceeded 1 billion kilometers, according to NIO Inc. 's official Wechat official account on Sept. 23. Released data show that NIO Inc. users drive a total mileage of more than 3 million kilometers a day, 150 power stations have been replaced on the ground nationwide, and users have used the power exchange service more than 940000 times.

• Taiwan Semiconductor Manufacturing Co Ltd 2nm process may achieve mass production in 2024

According to the media, Taiwan Semiconductor Manufacturing Co Ltd made a major breakthrough in the research and development of the 2nm process. Unlike 3nm and 5nm using fin field effect transistor (FinFET) architecture, Taiwan Semiconductor Manufacturing Co Ltd 2nm uses a new multi-bridge channel field effect transistor (MBCFET) architecture, which can solve the physical limit problem of current control leakage caused by process miniaturization in FinFET. According to Taiwan Semiconductor Manufacturing Co Ltd 2nm's current research and development progress, the supply chain expects Taiwan Semiconductor Manufacturing Co Ltd to enter risky trial production in the second half of 2023 and formal mass production in 2024. It will help it continue to win the advanced process orders of Apple Inc, HUIDA and other big factories in the future.

• NetEase, Inc CEO Ding Lei: AI+ education will truly achieve educational equity in China.

36Kr Holdings learned that on September 22nd, the NetEase, Inc public welfare "one screen" education poverty alleviation pilot landed in Shaoyang County, Hunan Province. NetEase, Inc will donate intelligent educational content and equipment with the combination of software and hardware to 10 local primary and secondary schools. NetEase, Inc CEO Ding Lei said that in the future, AI+ education will truly achieve educational equity in China, so that there is no class flow of knowledge, so that China is full of school district housing.

• Sina and Weibo Corp will release their results for the second quarter of 2020 on September 28.

Sina and Weibo Corp are scheduled to release unaudited financial results for the second quarter of 2020 before the US stock market opens on September 28, 2020 eastern time. Subsequently, Weibo Corp's management team will hold a conference call from 7: 00 a.m. to 8: 00 a.m. eastern time, 2020 (7: 00 p.m. to 8: 00 p.m. Beijing time, 2020) to brief the company on its financial and operating status.