Hot News
In Pre-Market Trading on Thursday, the three major stock index futures fell collectively.
Growth Tech stocks weakened collectively in Pre-Market Trading, with Tesla falling over 1%.
China Concept Stocks fell collectively in Pre-Market Trading, with PDD Holdings dropping over 6%.
PDD Holdings reported a 24.4% year-on-year increase in Q4 revenue, with a Net income of 29.85 billion yuan.
$PDD Holdings (PDD.US)$ Q4 revenue reached 110.61 billion yuan, a 24% year-on-year increase; adjusted Net income was 29.851 billion yuan, a 17% year-on-year increase. Online Marketing Services and Other income totaled 57.011 billion yuan, a 17% year-on-year increase; Trading service revenue was 53.599 billion yuan, up 33% year-on-year. As of the time of writing, PDD Holdings is down over 6% in Pre-Market Trading.
NVIDIA will purchase hundreds of billions in the U.S., and Jensen Huang supports the Trump administration's ability to accelerate AI expansion.
The tariff threats from President Trump of the USA continue to trigger ripple effects. As a Global leading AI Chip supplier, $NVIDIA (NVDA.US)$ CEO Jensen Huang recently stated that the supply chain will be shifted from Asia back to the USA. Huang also revealed that in the next four years, NVIDIA will invest hundreds of billions of dollars in purchasing locally produced chips and other electric products in the USA. He expects NVIDIA to spend around 500 billion dollars on the procurement of Electric Appliances and to easily produce AI products valued in the hundreds of billions in the USA.
ZEEKR Group's first Earnings Reports recorded revenue exceeding 100 billion, with delivery volume increasing by 87.2%.
$ZEEKR (ZK.US)$ After its initial public offering, it released its first Earnings Reports, showing total revenue last year (including ZEEKR brand and Lynk & Co brand) of 113.89 billion yuan. The total operation revenue exceeded 75 billion yuan, with the gross margin for vehicle sales increasing to 15.6% for the entire year, reaching 17.3% in the fourth quarter, and the losses further narrowed.
GDS Holdings continues to drop over 3% in Pre-Market Trading, with this year's capital expenditure guidance lower than expected and UBS Group lowering the Target Price.
$GDS Holdings (GDS.US)$ In Pre-Market Trading, the stock continues to drop over 3%, after a nearly 14% decline yesterday. According to news, GDS Holdings recorded a total Net income of 10.322 billion for 2024, a year-on-year increase of 5.5%; with a Net income of 3.425 billion yuan, turning a profit from a loss of 4.29 billion yuan the previous year. Additionally, the company announced a capital expenditure guidance of 4.3 billion yuan for this year, lower than market expectations ranging from 5 billion to 8 billion yuan, and peers.$21Vianet (VNET.US)$The guidance from peers ranges from 10 billion to 12 billion yuan. Management believes that the demand outlook is strong under AI inference demand, but expects to accept more Orders only after the chip supply situation becomes clearer.
Building a new group separate from OpenAI? Microsoft and Blackrock partner with Musk's xAI to jointly build a 30 billion dollar AI Infrastructure project.
$Microsoft (MSFT.US)$ and $Blackrock (BLK.US)$ Teaming up with Musk's xAI, a 30 billion dollar AI Infrastructure project will be co-built, with NVIDIA also joining the alliance; the alliance will be renamed the AI Infrastructure Partnership (AIP), focusing on Infrastructure investment, including Energy projects, and is expected to attract more investors.
Global Macro
The "key battle" for the Federal Reserve is in May, and if interest rates cannot be lowered then, is this year in trouble?
After the Federal Reserve announced its latest interest rate decision on Wednesday, Wall Street veteran Jim Bianco believes that the current U.S. economic growth faces multiple challenges, and the market has already begun to anticipate the Federal Reserve taking steps to cut interest rates in response to the economic slowdown. As the trend of economic growth becomes more apparent, if the Federal Reserve does not lower interest rates at its next meeting in May, it is likely that there will be no further rate cuts this year.
Why can gold prices still rise after breaking through 3000 dollars?
The price of Gold has "unexpectedly" broken through the psychological barrier of $3000, with UBS Group stating that the gold price has not yet reached its peak. UBS Group mentioned that the continuous rise in gold prices is due to the escalating trade tensions, growing concerns about economic growth, persistent geopolitical risks, and the weakness of the dollar is also a contributing factor.
Trump's tariffs have brought a "nightmare" to Wall Street: several major banks are laying off employees to cope with economic uncertainty.
Morgan Stanley plans to lay off about 2000 employees later this month to control costs; previously, several Wall Street financial institutions, including JPMorgan, Goldman Sachs, Blackrock, and Bank of America, have announced layoff plans; this round of layoffs reflects that large financial institutions in the USA are preparing in advance for the economic uncertainties under Trump's tariff policies.
Trump will address the Digital Assets Summit tonight and may announce subsequent Cryptos policies.
According to Blockworks, President Trump will give a recorded speech at the Digital Asset Summit (DAS) in New York City on Thursday Eastern Time, where the market expects him to announce his follow-up cryptocurrency policy. This will be the first speech by a sitting president of the USA at a cryptocurrency industry conference. The conference has also attracted several political and industry leaders. Earlier this week, Bo Hines, the Executive Director of the White House Presidential Advisory Council on Digital Assets, spoke at the DAS, hinting that the government hopes to reserve Bitcoin for its recently announced.$Bitcoin (BTC.CC)$Strategic reserves for Bitcoin.
Pre-Market Trading Top 20 by transaction volume.
Macro calendar reminders for the USA stock market.
(The following are all in Beijing Time)
20:30 USA Initial Jobless Claims for the week ending March 15.
20:30 USA Fourth Quarter Current Account.
20:30 USA March Federal Reserve Manufacturing Index.
22:40 Media reports that President Trump will deliver a recorded speech at the Digital Assets Summit (DAS) held in New York City.
Editor/Somer
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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