Pre-market trading in US stocks | Li Auto, Netflix lead the decline! Cryptocurrency concept stocks surge!

U.S. Stock Market News

1. The Middle East geopolitical conflict escalated, with reports of Israel launching attacks on Iranian territory.

Latest news: According to the Wall Street Journal, U.S. President Biden is considering providing Israel with over $1 billion in new weapons.

1. Samsung Electronics is reportedly set to supply HBM3E to NVIDIA as early as the first half of this year, earlier than the industry's expectations of the end of the third quarter or the beginning of the fourth quarter. It is reported that sample-related testing has entered the final stage.

2. The U.S. National Highway Traffic Safety Administration stated that Tesla has submitted documents to recall 3,878 U.S. vehicles. Tesla will recall some 2024 electric pickup trucks Cybertruck due to accelerator pedal sticking causing unintended acceleration.

3. In China, sources revealed that Tesla's layoffs also involve multiple departments, and the layoff ratio is far more than the 10% mentioned by Musk. Some departments will be optimized by 30%-40%, with individual departments seeing layoff ratios as high as 50%, while other departments are generally around 20%. Sales departments are reportedly heavily affected by the layoffs.

4. Baidu Group Vice President Wang Yunpeng stated that in the future, Luobo Kuaipao aims to achieve positive gross profit and validate its business model. After 100 million kilometers of testing and operational mileage, the goal is to achieve 1 billion in revenue and 1 billion in profit.

5. TSMC will issue NT$11.5 billion in corporate bonds, with a 10-year interest rate of 2.1%.

Pre-market Movers

In the U.S. stock market pre-market, the three major stock index futures are down, while the fear index is rising.

Bitcoin is currently trading at $64,846, up over 5% in the past 24 hours; Ethereum is trading at $3,098, up over 3% in the past 24 hours.

Cryptocurrency-related stocks are surging pre-market, while tech stocks and Chinese concept stocks are generally down.

Microstrategy is up 5%, Coinbase is up over 3%. Marathon Digital is up over 2%.

Netflix is down 6%, Tesla is down over 1%, NVIDIA, AMD, and Amazon are down nearly 1%, while Apple is slightly up.

Li Auto is down nearly 7%, Nio and XPeng are down over 3%, JD.com is down over 2%, Bilibili is down over 1%, Pinduoduo is down 1%, and Alibaba is slightly down.

Paramount Global is up over 10%, with news that Sony and Apollo are in talks for a joint bid to acquire Paramount.

Strategy Review

1. Next Tuesday, Wall Street wants Musk to clarify!

The tension between investors and Musk stems from the widely held view in the market that Model 2 will contribute about half of Tesla's revenue in the coming years, and doubts about the readiness of Robotaxi for commercialization.

2. Less than 24 hours until the halving! Will Bitcoin rise? Bitcoin's halving is expected to occur early Saturday morning Greenwich Mean Time. Morgan Stanley believes that after the halving, due to the market still being overbought, the price of Bitcoin may fall. Deutsche Bank also does not expect a significant increase in Bitcoin price after the halving, as this event has already been priced in by the market.

3. Don't rush to buy the dip! "Wall Street Oracle" warns: a wave of selling in US stocks in the coming weeks

Opportunistic investors should not enter the market hastily. The market volatility index VIX is surging, and an increase in volatility typically triggers investor selling, which could put short-term pressure on the stock market