Hot News

• The "Spring Festival Gala of the Technology Industry" CES 2025 will kick off.

The Consumer Electronics Show CES will take place from January 7 to 11 in Las Vegas, USA. Keynote speeches will focus on NVIDIA, AMD, Samsung, and Toyota; NVIDIA is expected to announce the latest developments in AI, including the highly anticipated GeForce RTX 50 graphics card. In terms of Industry, AI and Autos are expected to remain hot topics, with robots, displays, and smart home appliances also in focus.

• With over a thousand officials waiting, the US Senate will enter the "confirmation battle" for Trump's cabinet members.

Since winning the US presidential election in November 2024, Trump has announced the nominations for his cabinet members, and the list of key position personnel has been released. The next step is for this long list to gain Senate confirmation. The US Constitution stipulates that the President's appointments of major government officials, ambassadors, and other senior officials require Senate approval to be completed. As Trump begins his second presidential term, the appointment of over 1,300 officials will need Senate approval, and completing this daunting task will require a lengthy process.

• The ISM manufacturing PMI in the USA rose slightly in December, surpassing expectations.

The ISM manufacturing PMI index for December in the USA was 49.3, reaching a nine-month high, slightly better than the expected 48.2, up from 48.4 in November. Although the PMI remains below 50, indicating that the manufacturing sector is still in a contraction phase, most sub-indices showed improvement, indicating signs of stabilization in manufacturing activity.

• Two Federal Reserve officials emphasized: the battle against inflation has not yet been won.

Federal Reserve Governor Cook stated, "Now that inflation has risen again, we hope to ensure that this is only temporary and not a more lasting phenomenon," and she hopes to see evidence showing that inflation is on a downward track. The President of the Richmond Fed, Barkin, indicated that the risks of rising inflation are indeed greater, and wages and product costs may come under pressure, hoping that interest rates can remain restrictive for a longer period given the potential upward risks to inflation.

• Musk announced: xAI will launch the next-generation AI model, Grok 3.

Last week, Tesla CEO Musk announced that the next-generation AI model Grok 3 from xAI is about to be launched, with pre-training already completed, and the computing power is ten times that of Grok 2. Previously, the topic of Grok 3 being "delayed" aroused heated discussions, and according to the plan, Grok 3 should be launched by the end of 2024.

Review of the U.S. stock market.

• Last Friday, the Nasdaq stopped a five-day losing streak, closing up nearly 1.8%; Tesla rose over 8%, and Cerence skyrocketed over 140%.

Last Friday, U.S. stocks rebounded after falling for five consecutive trading days, with the three major indices gaining momentum; the Dow Jones Industrial Average closed up 0.80%, at 42,732.13 points; the Nasdaq rose 1.77%, at 19,621.68 points; the S&P 500 Index rose 1.26%, at 5,942.47 points.

Large Technology stocks generally rose, with Tesla jumping over 8%, marking the largest single-day gain since November 12 of last year; NVIDIA rose more than 4%, achieving the largest single-day gain since November 20 of last year.

Intel, Microsoft, Google, and Amazon rose over 1%, with Meta seeing a slight increase; Apple and Netflix dipped slightly, while the NVIDIA Concept stock Cerence closed up 143.76%.

China Concept Stocks showed mixed results, with the Nasdaq China Golden Dragon Index rising by 0.93%. Dingdong surged over 10%, MINISO increased over 9%, Kingsoft Cloud rose over 5%, ZEEKR grew over 4%, JD.com and Li Auto gained over 3%; on the other hand, Bilibili fell by 0.06%, Tencent Music dropped over 1%.

• Berkshire suddenly bought Stocks again! This time it is VeriSign.

Data shows that, $Berkshire Hathaway-A (BRK.A.US)$ from December 31, 2024 to January 3, 2025, approximately 20,044 shares were acquired for about 4.1 million USD. $VeriSign (VRSN.US)$ Common stock.

This purchase includes 1,621 shares bought at an average price of 204.83 dollars per share on December 31, 2024, and subsequently 5,879 shares bought at a price of 204.84 dollars per share on January 2, 2025. On January 3, 2025, Berkshire additionally acquired 11,744 shares at a price of 204.61 dollars per share and 800 shares at a price of 204.94 dollars per share.

• Tesla surged over 8% last Friday, achieving a record high in sales in China for 2024, with one in every three cars sold going to China.

$Tesla (TSLA.US)$Last Friday, it closed up 8.22%, marking the largest single-day gain since November 12 of last year, with a total market value of 1.32 trillion dollars. Tesla data shows that cumulative sales in the Chinese market for 2024 grew by 8.8%, setting a historical record with over 0.657 million vehicles sold in the Chinese market.

According to the latest Statistics from Tesla China, sales in China, the world's largest electric vehicle market, surged by 12.8% month-on-month in December, setting a historical monthly record with 0.083 million vehicles sold.

• Deepening collaboration with NVIDIA, NVIDIA concept stock Cerence surged over 140% last Friday.

Last week, the in-vehicle AI Voice Technology company. $Cerence (CRNC.US)$ It rose more than 140%, claiming it will deepen cooperation with NVIDIA to enhance the performance of language models in its in-car systems.

Analysts indicate that, with support from NVIDIA's technology, Cerence is expected to reduce research and development costs and accelerate the rollout of new products and features. NVIDIA's AI infrastructure is leading in the Industry, allowing Cerence to leverage these resources to develop more powerful language models and in-car systems.

• President Biden officially blocked Japan's steel acquisition of United States Steel.

Biden stated in a declaration, $Nippon Steel (5401.JP)$ the acquisition $United States Steel (X.US)$ would "place one of America's largest steel producers under foreign control, pose risks to American National Security and critical supply chains, and the USA needs large American companies to represent main steel capacity."

According to reports, Nippon Steel will not oppose Biden's decision itself, but is concerned about the "flaws" in Biden's decision-making process. Nippon Steel and United States Steel stated in a joint announcement that they "have no choice but to take all appropriate actions to protect our legitimate rights."

• Big move! Microsoft plans to invest $80 billion to build datacenters.

$Microsoft (MSFT.US)$ Last Friday, it was announced that the company plans to invest $80 billion in the fiscal year 2025 to build datacenters capable of handling AI workloads, with over half of the AI infrastructure investment to be completed in the USA. Microsoft's Vice Chairman and President Brad Smith noted that these investments will further consolidate the USA's leading position in the global AI field. Microsoft's fiscal year 2025 will end in June 2025.

• Apple cuts prices again! The entire iPhone 16 series is reduced by 1000 yuan!

According to market news, starting at midnight on January 4, $Apple (AAPL.US)$ the official Tmall flagship store announced the New Year goods festival policy, with the iPhone series being discounted up to 1000 yuan. From January 4, 0:00 to January 20, 24:00, the entire iPhone 16 series is discounted by 800 yuan, with an additional surprise coupon of 200 yuan, the maximum discount reaches 1000 yuan, with a final price starting from 4999 yuan.

• NVIDIA accelerates its ASIC layout.

Following that, $NVIDIA (NVDA.US)$ after CEO Jensen Huang confirmed in June 2024 that Nvidia will begin designing ASIC chips, recent industry news has revealed that NVIDIA has selected Taiwan as its ASIC design and research center and has started more aggressive recruitment efforts for related talent.

Currently, NVIDIA's GB200 production is facing difficulties. According to the established plan, the GB300 is set to launch in Q3 2025, making the GB200 likely to become a transitional product, leading to market concerns about NVIDIA's performance; NVIDIA's competitors are also making full efforts to promote 'de-NVIDIA' strategies by implementing AI training using ASICs.

Top 20 by trading volume

Hong Kong market outlook

• Northeast Water bought over 5 billion HKD of TRACKER FUND OF HONG KONG, increased position in Industrial And Commercial Bank Of China by nearly 0.7 billion HKD, and sold more than 0.9 billion HKD of XIAOMI-W.

On January 3rd (Friday), southbound funds net bought 9.27 billion HKD of Hong Kong stocks.

$TRACKER FUND OF HONG KONG (02800.HK)$、$Hang Seng H-Share Index ETF (02828.HK)$、$ICBC (01398.HK)$Net purchases of 5.062 billion Hong Kong dollars, 0.708 billion Hong Kong dollars, 0.675 billion Hong Kong dollars were made respectively;

$XIAOMI-W (01810.HK)$、$BABA-W (09988.HK)$、$CCB (00939.HK)$Net sales of 0.954 billion Hong Kong dollars, 0.169 billion Hong Kong dollars, 0.162 billion Hong Kong dollars were suffered respectively.

Today's focus

Keywords: China's Caixin Services PMI, USA S&P Global Services PMI.

On Monday, in terms of economic data, Caixin will release China's Services PMI, and the USA will announce the final values of the S&P Global Services PMI, as well as the month-on-month rate of factory Orders.

In terms of financial events, Federal Reserve Board member Lisa Cook delivered a speech, and 2027 FOMC voting member and San Francisco Fed President Daly participated in a panel discussion.

In the new stock aspect, in the Hong Kong stock market,$CONCH MAT TECH (02560.HK)$、$CONTIOCEAN (02613.HK)$The IPO Subscription has ended.

Futubull Morning News:

Investing is not a game where a person with an IQ of 160 can necessarily beat a person with an IQ of 130.

—— Warren Buffett

Editor/Danial