Breakfast | US stocks rebound across the board, NVIDIA and AMD hit new highs together, BlackRock's Bitcoin spot ETF breaks through $1 billion.

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Market: Overnight and this morning's market

Technology stocks became the main driver of the upward trend in the US stock market on Thursday, supporting the rebound of SPDR S&P 500 and Nasdaq. SPDR S&P 500 rose 0.88%, Nasdaq rose 1.35%, and Dow Jones rose 0.54%.

The information technology sector of the SPDR S&P 500 index hit a new intraday high. AMD's stock price reached a new all-time high, up nearly 1.6%. TSMC's stock price reached its highest level in nearly 23 months, up 9.8%. Nvidia rose nearly 1.9%, both hitting intraday and closing all-time highs. Arm rose more than 6%, Marvell Tech rose more than 4%, Qualcomm and Applied Materials rose more than 4%, Broadcom rose more than 3%, and Intel rose more than 1%.

Tesla fell 1.7% for the second consecutive day, Apple rose about 3.3%, Microsoft rose 1.1%, Meta rose 2.1%, and Amazon rose nearly 1.2%; Netflix rose 1%.

Spirit Airlines' decline widened to 23% at one point and closed down more than 7%. The company is considering restructuring options. Cancer company Aravive plummeted 46% and will be delisted from Nasdaq. "Vietnam's Tesla" VinFast fell 2.25%, with a delivery volume of less than 35,000 vehicles in 2023, failing to meet the annual target.

Most popular Chinese concept stocks fell, with Xiaopeng Motors down more than 2%, Li Auto down 0.8%, and NIO down 0.3%. iQiyi fell more than 6%, Alibaba, JD.com, New Oriental, and Bilibili fell more than 1%, Pinduoduo fell less than 0.1%, TuSimple rose 29%, Daqo New Energy rose more than 2%, Baidu, NetEase, and Jinko Solar rose more than 1%, and Tencent Music rose 0.7%.

What happened to blue-chip stocks and hot stocks

It is reported that Tesla is expanding its 4680 battery production capacity and importing Chinese battery cathodes separately.

Google has launched an artificial intelligence feature in the United States that allows users to search for images and text simultaneously using their phones.

Google will invest $1 billion to build a new data center in the UK, and construction work has already begun.

Apple: Will release the Apple Watch Series 9 and Ultra 2 versions without blood oxygen functionality in the United States on Thursday.

Market news: Apple will provide a 25% discount for employees purchasing Vision Pro, and it sees surgical procedures and training as the future development prospects of headsets.

Following Netflix, YouTube and Spotify also have no intention of developing separate apps for Apple Vision Pro.

Amazon personnel changes: Prime department will lay off no more than 5% of employees. John Felton will become the Chief Financial Officer of Amazon Web Services (AWS), and Udit Madan will take over global operations.

Media: Macy's plans to lay off approximately 13% of its employees.

Shell (SHEL.N) has started laying off hundreds of people, with the first batch of positions being cut in the low-carbon solutions department.

BlackRock's Bitcoin spot ETF broke through $1 billion. Fidelity Investments followed closely behind, with a total of approximately $880 million flowing into Fidelity Bitcoin ETF. These two companies accounted for 68% of the total inflows of nine new ETFs in the market, totaling nearly $2 billion. ByteDance updates its incentive policy: options will now be attributed on a quarterly basis.

WeChat is testing the "Listen" feature, elevating the music audio business to a primary entry point.

Douyin launches a premium micro-drama support program, where creators can receive up to 5 million yuan in cash or 100 million traffic support.

The NetEase vs. Blizzard case has been canceled, with the court stating that the plaintiff has withdrawn the lawsuit.

IPO Opportunities

Market news: Reddit plans to conduct an IPO in March.

Macro: Taking you around the world

Federal Reserve's Bostic: The worst outcome would be having to raise interest rates again after cutting them. If inflation slows down, it would be more advantageous to maintain higher interest rates.

The number of initial jobless claims in the United States dropped to the lowest level since the end of 2022, suggesting that January's job growth may remain robust and potentially leading to further reduction in market expectations for a rate cut in March.

NATO will hold its largest-scale exercise in decades next week.