Pre-market trading in the US | NVIDIA surged by 15%, leading the technology stocks! Trip.com and Li Auto are leading the frenzy of Chinese concept stocks!

U.S. Stock Market News

1. NVIDIA's earnings report is outstanding, with fourth-quarter revenue, profit, and first-quarter guidance all exceeding expectations!

NVIDIA's fourth-quarter revenue reached $22.1 billion, a 22% increase QoQ and a staggering 265% increase YoY. The largest revenue contributor, the data center segment, achieved a revenue of $18.4 billion in the fourth quarter, a remarkable 409% increase YoY.

1. "Tesla's rival" Rivian Automotive achieved a revenue of $1.315 billion in the fourth quarter, nearly doubling YoY and exceeding expectations. Its net loss also narrowed to $1.521 billion. However, the company's 2024 production outlook is lower than market expectations.

When asked about Rivian Automotive, a user on the X platform inquired about Tesla CEO Elon Musk's opinion. Musk responded, "Based on their current trajectory, they will go bankrupt within 6 quarters. Perhaps this trajectory will change, but so far, it hasn't."

1. XPeng announced a strategic partnership with the UAE distributor group Ali&Sons. Starting from the third quarter, XPENG-W will sell the G6 and G9 models in the UAE.

2. On February 22nd, NIO-SW announced the opening of reservations for 7 models of the 2024 lineup, including the ET5T and the all-new ES8. It is reported that the performance of the 2024 models from NIO-SW has been upgraded with unchanged prices and will be delivered gradually in early March.

3. Reuters cited three unnamed sources reporting that the social media platform Reddit has reached an agreement with Alphabet-C, authorizing Alphabet-C to use its content to train artificial intelligence models.

4. According to Nikkei News, Alphabet-C plans to start producing PIXEL phones in India.

5. Mikhail Parakhin, Chief Executive of Microsoft Advertising and Network Services, hinted in a recent tweet that OpenAI's Sora will eventually be integrated with Copilot, but this will take some time.

Pre-Market Movers

In the U.S. pre-market, the futures of the three major stock indexes are rising, while the fear index is plummeting!

Bitcoin is currently trading at $51,935, up 1.66% in the past 24 hours; Ethereum is trading at $3,023, up over 4% in the past 24 hours.

Boosted by NVIDIA's outstanding performance, tech stocks and Chinese concept stocks are all rising in pre-market trading.

NVIDIA leads the gains with a 15% increase, AMD is up over 6%, Tesla, Amazon, Microsoft, and Alphabet-C are up over 1%.

As for Chinese concept stocks, Ctrip is leading with a 7% increase, Li Auto is up over 5%, XPENG-W is up 3%, JD.com is up over 2%, Alibaba, Pinduoduo, NIO-SW, Bilibili, and Baidu are up over 1%.

Strategy Review

1. NVIDIA welcomes the "Taylor Swift Moment"

Here refers to NVIDIA reaching a crucial "tipping point," potentially leading the global AI revolution comprehensively. This could further drive NVIDIA's stock price and the bullish trend in the tech sector, just like how the pop singer Taylor Swift leads the global digital music payment wave and the significant influence of each of her new albums on global pop music. Most importantly, Taylor's concerts can even bring huge economic benefits to the hosting venues.

2. What did NVIDIA say in its latest conference call?

The world has reached a turning point in the new era of computing! "40% of data center revenue comes from AI inference" may still be underestimated! How does NVIDIA view the long-term availability of its products? Will today's training clusters become tomorrow's inference clusters?

3. JPMorgan's sharp evaluation of NVIDIA: impressive performance, but beware of three major risks!

If the overall U.S. stock market declines, what will high-valuation NVIDIA do? JPMorgan believes: NVIDIA's demand certainty is high, so even if the U.S. stock market falls, leading companies with performance support should still be better than companies with weaker performance certainty, becoming a safe haven for some funds.

4. How popular is "expiration date options"?

Retail investors are speculating wildly! The trading volume of S&P 500 index contracts surged by 48% last year, six times the trading volume of the broader options market! Exchanges at the center of this trend estimate that retail investors account for as much as 40% of the trading.

5. Deciphering the Fed | The minutes of the January meeting revealed three key pieces of information!

Guo Lei's team at GF Securities believes that the Fed acknowledges the end of the rate hike cycle but has not confirmed when the rate cut will occur. Between patiently waiting for further data to confirm the decline in inflation (which may trigger economic downside risks) and an immediate rate cut (which may trigger secondary inflation risks), the Fed has temporarily chosen the former.