Hot News
On Monday before the market opens, the three major U.S. index futures are all rising.
Growth Tech rebounded before the market opened, with Tesla rising by 4%.
Most China Concept Stocks rose before the market opened.
U.S. Quantum Computing stocks are strong before the market opens.
Tesla has suspended the PUSH of the FSD trial in China, which will be officially launched after regulatory approval is completed.
$Tesla (TSLA.US)$ The China customer support account responded on Monday: "According to the latest announcement on 'Further Strengthening the Management of Product Access, Recall, and Software Online Upgrade for Smart Connected Vehicle Products,' the team is completing the approval process for the 3.0 and 4.0 Hardware corresponding to the smart assisted driving software. All parties are actively promoting the related process, and once ready, it will be pushed to everyone as soon as possible." Previously, some users reported that the company's fully autonomous driving service time-limited experience has been temporarily suspended. As of the time of reporting, Tesla has risen by 4% before the market opened.
Meta spent 0.8 billion USD but was rejected, as South Korean chip upstart FuriosaAI disrupts the AI battlefield.
According to insiders, the social media giant $Meta Platforms (META.US)$ has been in acquisition talks with South Korean AI chip startup FuriosaAI since the beginning of this year, but the latter recently rejected an acquisition offer of up to 0.8 billion USD, choosing to maintain independent development. As of the time of publication, Meta has not commented on this, and FuriosaAI also remains silent. This acquisition attempt reflects Meta's strategic anxiety in the generative AI field. Since the beginning of this year, CEO Mark Zuckerberg announced that the company will invest 65 billion USD in AI infrastructure, covering the construction of supercomputing datacenters and talent reserves. Just a week later, he further disclosed that this long-term investment could rise to a scale of hundreds of billions.
Apple launches the second phase of its clean energy fund in China, committing to invest 0.72 billion yuan.
$Apple (AAPL.US)$ On Monday (March 24), Apple announced it would establish a new clean energy fund in China, committing to invest 0.72 billion yuan (approximately 99.22 million USD). In a statement, Apple indicated that this move aims to expand its clean energy capacity in China and is part of the company's plan to transition its supply chain to 100% renewable energy by 2030. The fund aims to add approximately 0.55 million megawatt-hours of wind and solar energy generation capacity to the Chinese power grid each year, a figure that will grow as more investors join. This innovative fund will be managed by Schroders Asset Management.
JD.com enters the field of embodied intelligence? Official response: it is true.
On the evening of March 24, there were reports that $JD.com (JD.US)$ has entered the field of embodied AI, focusing on home scenarios, and has now established a related business department. According to sources close to JD.com, the company places great importance on innovation and application in AI, automation, and robotics, and there are multiple teams internally engaged in the research and development of frontier areas such as embodied AI. In response to this news, Sina Technology sought verification from JD.com, and JD.com's official response was: "It is true."
Taiwan Semiconductor is reportedly set to accept 2-nanometer chip Orders starting from April 1.
$Taiwan Semiconductor (TSM.US)$ It is reported that the company has reached a new milestone, with a yield rate of 60% for its 2-nanometer chips. Latest media reports reveal that the company will begin accepting pre-orders for the 2-nanometer chips on April 1. Taiwan Semiconductor currently has two factories working hard to increase the production target of the 2-nanometer chips, located in Kaohsiung and Hsinchu in Taiwan. It is reported that before accepting orders, Taiwan Semiconductor plans to hold a production expansion ceremony in Kaohsiung on March 31, and Apple seems to be the first customer for Taiwan Semiconductor's 2-nanometer chips.
Nippon Steel's acquisition of United States Steel sees a glimmer of hope, with negotiations still progressing.
The president of Japan's steel giant Nippon Steel, Imai, stated on local time Monday regarding the company's plan to acquire the leader in the American steel manufacturing Industry. $United States Steel (X.US)$ Negotiations are still progressing in an orderly manner with the USA government. Masaru Imai stated that both sides are gradually reaching a consensus, believing that this transaction will strengthen the United States Steel industry. He added that the negotiations are not facing termination due to pressure from the Trump administration as previously reported by the media, but will continue in an orderly fashion and aim to reach significant agreements on equity purchases and capital expenditures.
Global Macro
"The Wall Street guru" is firmly Call on US stocks: Trump's "reciprocal tariffs" may help significantly rebound!
Tom Lee, co-founder and head of research at the US investment firm Fundstrat Global Advisors, known as the 'Wall Street Oracle', stated that an overwhelming sense of fear is enveloping investors as they prepare for the next round of tariffs from President Donald Trump. However, he believes there is no need to worry too much: the market performance during the Cuban Missile Crisis can provide a template for how investors should respond to Trump's 'reciprocal tariffs'. Trump plans to implement the 'reciprocal tariffs' on April 2, but indicated last week that he would show 'flexibility', which could imply a less severe approach.
Wall Street is betting on nuclear explosions over the next two days, with the market closely watching Trump and economic data.
The implied volatility of S&P 500 Index options has significantly increased on several specific dates over the next two weeks, indicating that there is a surge in demand for 'protection against major shocks' at those times. The volatility curve shows unusual spikes on March 31 (after the release of the Fed's favorite inflation indicator, the core PCE price index) and April 4 (the day the US monthly non-farm payroll data is released). This proves that investors are not only focused on Trump's harsh words but are also closely monitoring economic data, which can reveal how the labor market and prices can withstand the impacts of massive layoffs and tough trade policies by the Trump administration.
The more it falls, the more they buy! Investors from South Korea are rushing to "bottom fish" in the U.S. stock market, and the inflow of funds has reached a historical high.
According to data, from the beginning of this year to March 20, South Korean individual investors invested 10.2 billion USD in US stocks and Exchange Traded Funds (ETFs), setting a record for quarterly inflow since statistics began in 2011. Since the beginning of this year, South Korean investors have net invested 2.2 billion USD in Tesla stocks, making it the hottest trade so far. They also invested 1.7 billion USD in a leveraged ETF that doubles the long position on Tesla. Additionally, they flocked to buy Palantir Technologies Inc., NVIDIA, and some leveraged ETFs betting on US Semiconductors.
Goldman Sachs: The decline in enthusiasm for US stocks may release a Call signal, and foreign capital is expected to further Buy US stocks.
It is reported that last week, Goldman Sachs' sentiment indicators for US Stocks fell from -0.5 to -0.6, marking the largest six-month drop since 2020. This indicator is a composite made up of six weekly indices and three monthly indices, designed to reflect the market positions of Institutions, foreign investors, and retail investors. Although the indicator level remains above historical lows, this sudden change indicates a significant shift in market sentiment. Goldman Sachs cites data from the Federal Reserve showing that by early 2025, foreign investors will hold 18% of US Stocks, a figure well above 2% in 1960 and 7% in 2000. Nearly half (49%) of this comes from European investors.
Despite the relatively weak performance of the USA market, Goldman Sachs remains optimistic about foreign capital inflow. The firm expects that foreign investors will still be net buyers of USA Stocks in 2025, with an expected net inflow of foreign capital this year amounting to $300 billion, slightly lower than the $304 billion forecast for 2024. Additionally, a weaker dollar and improved valuations are expected to further support foreign investment demand.
Pre-Market Trading Top 20 by transaction volume.
Macro calendar reminders for the USA stock market.
(The following are all in Beijing Time)
21:45 March S&P Global Manufacturing PMI preliminary value for the USA.
21:45 March S&P Global Services PMI preliminary value for the USA.
02:00 AM: The Governor of the Bank of England, Bailey, gives a speech.
03:10 AM: Federal Reserve Board member Barr speaks on "small business loans."
Editor/Rocky
