Pre-market trading in US stocks | Meme stocks, cryptocurrency-related stocks plummet! Apple, NVIDIA are also falling

U.S. Stock News

1. Tianfeng International analyst Guo Minghao commented on Apple Intelligence on social media X, stating that Apple Intelligence fully demonstrates Apple's ecosystem integration and interface design advantages, emphasizing convenience of integration (through in-app and between-app integration) and strengthening existing applications, which is very practical for users but only a nice-to-have for investors.

Investors are looking forward to seeing original and must-have features. In addition, investors' concerns include Apple Intelligence not being able to be listed globally simultaneously, and whether the key selling points of integrating ChatGPT can be used in all major markets worldwide.

1. ZEEKR delivered a total of 33,059 vehicles in the first quarter, a year-on-year increase of 117%, achieving the best quarterly performance since the brand started deliveries; revenue in the first quarter reached 14.737 billion yuan, a 71% increase from the same period last year; among them, vehicle sales revenue was 8.174 billion yuan, a 73% increase year-on-year; the vehicle gross profit margin was 14%, an increase of 3.9 percentage points from last year.

2. According to the "Taiwan Economic Daily," Apple, Qualcomm, NVIDIA, AMD, and other major manufacturers have reportedly reserved a large amount of TSMC's 3-nanometer process capacity, leading to a queue of customers lining up all the way to 2026. The industry believes that with customers rushing to reserve capacity, the tight supply of TSMC's 3-nanometer family will become the norm in the next two years, and the related orders do not yet include Intel's CPU outsourcing demand.

3. "World of Warcraft" started the technical test of the mainland China server today, with the first server to go live being the "Wrath of the Lich King" nostalgic server, marking a key step in the return of Blizzard's China server. After the test started, the server briefly went offline, then restarted successfully.

4. XPeng Motors announced that the first product under the MONA series of XPeng is named XPeng M03. Prior to this, the social media matrix of XPeng's MONA series went online. XPeng officially revealed that the MONA brand is expected to be officially launched in June this year, with the first model planned to be launched in the third quarter of this year.

Pre-market Movers

In pre-market trading, the three major stock index futures in the U.S. fell, while the fear index surged.

Bitcoin is currently trading at $67,096, down over 3% in the past 24 hours; Ethereum is currently trading at $3,518, down over 4% in the past 24 hours.

Cryptocurrency concept stocks saw a significant decline in pre-market trading, with meme stocks, Chinese concept stocks, and technology stocks showing mixed movements.

MSTR down over 4%, MARA and COIN down nearly 4%.

GameStop (GME) briefly rose nearly 4%, now down over 1%; AMC Entertainment Holdings (AMC) briefly rose 1%, now down over 1%; Faraday Future Intelligent Electric (FFIE) briefly rose over 4%, now down nearly 2%; Crown ElectroKinetics (CRKN) briefly rose nearly 3%, now slightly down.

NVIDIA, AMD, Tesla, Meta Platforms, Apple, Microsoft, and Amazon are down, while Google is up.

NIO up over 1%, XPeng up nearly 1%, Alibaba, JD.com, Pinduoduo, Li Auto, Bilibili, NetEase, and Baidu are down.

In terms of individual stocks, ShiftPixy briefly rose 70%, now up 38%, with Q2 revenue of $3.813 million exceeding expectations CoreCivic continued to fall by 5% as the U.S. Immigration and Customs Enforcement terminated the agreement.

Eli Lilly surged over 3% to hit a new high as the FDA committee unanimously approved Eli Lilly's new drug for Alzheimer's treatment.

ZEEKR rose by over 5% after its performance report.

Strategy Review

1. Why does Apple mention "Apple Intelligence" instead of "Artificial Intelligence"

At the WWDC 2024 conference, Apple introduced new artificial intelligence features but refrained from using the term "artificial intelligence," opting for "Apple Intelligence" instead. The reason behind this is that Apple's customer base has stronger stickiness. Unlike Google, Apple adopts a low-key strategy, making "Apple Intelligence" a background element loved by users.

2. The "Long vs. Short" Battle in the U.S. Stock Market Reaches a Climax! CPI Meets the Federal Reserve's Interest Rate Decision

Market volatility is set to peak this week: On Wednesday, Eastern Time, the latest U.S. CPI inflation data and the Federal Reserve's latest interest rate decision will be released! Morgan Stanley anticipates the trend of U.S. stocks on the "CPI release day"—with the most optimistic scenario showing an increase of up to 2.50%!

3. Morgan Stanley Remains Stubbornly Bearish: The U.S. Stock Market Seems to "Overlook" Many Risks

Risks include the resurgence of MEME stocks and cryptocurrency trading, which "may signal a bubble," persistently high inflation, and signs of economic slowdown. "Despite numerous risks, the stock market continues to trade near record highs, with increased investor confidence and positions."