Breakfast | NVIDIA has identified companies such as Huawei as its "biggest competitors," while Berkshire Hathaway's performance shines.

Good morning! A great day starts with making money.

Overnight Market Update

Ethereum rose above $3,100 per coin, up 6.20% intraday.

Today, Li Auto, Zoom, and others will release their earnings reports, while Amazon will be officially included in the Dow Jones Industrial Average.

Last week, the Dow rose by 1.3%, the S&P 500 by 1.66%, and the Nasdaq by 1.4%. The Hang Seng Index increased by 2.36%, and the Hang Seng Tech Index rose by 1.71%.

Blue Chips and Hot Stocks

• Tesla announced that the global installation of its home battery energy storage system Powerwall has reached 600,000 units.
• Tesla showcases the walking capabilities of its second-generation humanoid robot, Optimus.
• Berkshire Hathaway reported a net profit of $96.223 billion in 2023, with Warren Buffett's successor confirmed.
• Aito's entire vehicle lineup achieved a single-day sales breakthrough of over 1,500 units during the Lantern Festival.
• Nvidia designates Huawei as its "biggest competitor."
• TSMC's factory in Kumamoto, Japan, opened, and it will mass-produce 12nm, 16nm, 22nm, and 28nm processes in the fourth quarter.
• TSMC's founder, Zhang Zhongmou: Surprised and delighted by semiconductor demand.
• KKR is close to acquiring a Broadcom subsidiary for $4 billion.
• Samsung Electronics will unveil its first smart ring at the World Mobile Communications Congress. Samsung Electronics will showcase its smart ring Galaxy Ring for the first time, equipped with advanced artificial intelligence technology, and is expected to be officially released later in 2024.

The new model L7 of IM Motors is now on the market, priced at 299,900 yuan to 419,900 yuan.

The entire series comes standard with dual LiDAR + NVIDIA Orin X chip. The urban NOA commuting mode beta version will start nationwide public testing in the first quarter, and the advanced commuting mode will cover 100 cities nationwide within the year.

BYD launches the U9, priced at 1.68 million yuan.

BYD's high-end brand, Yangan U9, will officially start deliveries in mid-2024. The company claims that with the addition of a rotary sensor, the recognition accuracy and response speed will be much higher than traditional supercars, capable of reaching a top speed of 309.19 km/h, accelerating from 0-100 km/h in 2.36 seconds, and sprinting 400 meters in 9.78 seconds, with unlimited ejection capability.

BYD Han and BYD Tang will launch the Honor Edition, with the new car launch conference scheduled for February 28th at 3:00 pm.

BYD: The company's controlling shareholder, Chairman, and President Wang Chuanfu proposed to increase the repurchase amount from 200 million yuan to 400 million yuan to reduce registered capital.

Nio Vice President Shen Fei: The exchange station in Denmark has started to provide frequency regulation services to the grid, marking a small step for Nio Energy in Europe and a big step for the entire exchange business model, indicating that the exchange station is participating in grid frequency regulation services as energy storage devices.

Vietnamese electric vehicle company VinFast starts building a factory in India and calls for a reduction in car import tariffs in India.

VinFast has begun building a factory in the southern Indian state of Tamil Nadu, hoping to start production by mid-next year, first selling domestically in India and then exporting.

What makes it difficult to catch up with Sora? Zhou Hongyi responds: computing power is the issue. Pooling the computing power of all AI companies in China may be one of the solutions.

Media: Disney and Reliance Industries have signed a binding agreement to merge their media businesses in India.

Luckin Coffee's performance has greatly improved, but it has been hurt by price wars.

In the fourth quarter, Luckin's self-operated stores had an operating profit of 690 million yuan, with an operating profit margin of 13.5%, an 8.1% decrease year-on-year. Promotional activities significantly increased Luckin's sales and marketing expenses to 399 million yuan, a 130% increase year-on-year. From "rolling" store volume to "rolling" prices, industry competition may leave coffee brands exhausted.

Startups

Macro: Taking You Around the World

According to CME's "Fed Watch": The probability that the Fed will maintain interest rates in the range of 5.25% to 5.50% in March is 97.5%, and the probability of a 25 basis point rate cut is 2.5%.

How far can the Nasdaq go after breaking through? This data may be crucial.

Jiaxin Wealth Management stated that tech stocks often perform poorly in February, and there may be a sideways consolidation in the coming week, with an increasing possibility of profit-taking. Pay attention to the U.S. Personal Consumption Expenditures Price Index (PCE). If it exceeds expectations, disappointing Fed easing expectations will continue to push up U.S. bond yields, which may further impact risk appetite and trigger adjustments. Fund Manager: Sustainability in the Current Rebound of Hong Kong Stocks

The Hang Seng Index is currently rebounding, with short-term triggers attributed to changes in domestic policies. Given that Hong Kong stocks are currently at historically low valuations, fundamentals are improving, and the U.S. monetary tightening cycle is coming to an end, this rebound is expected to be sustainable. Unlike last year, internal factors will determine the direction of Hong Kong stocks this year, while external factors may influence the pace.

Hong Kong Financial Secretary Paul Chan: A new "Budget" will be announced on Wednesday.