Breakfast | US stock indices have collectively risen for several consecutive days, with Stargate concept stocks leading the gains, and TSMC and Netflix hitting new highs

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U.S. stocks rise for the second consecutive day, TSMC and Netflix hit record highs, Arm up nearly 16%

Tech stocks and strong earnings reports drove U.S. stocks higher, with all three major indices closing up, although small-cap stocks fell. The Nasdaq rose 1.28%, reclaiming the 20,000-point mark, the S&P 500 rose 0.61%, and the Dow Jones rose 0.30%.

Interstellar Gate concept stocks saw widespread gains, with Oracle briefly rising over 11% and closing up 6.7%. NVIDIA briefly rose nearly 5%, closing up 4%, Microsoft rose 4%, marking the largest increase since April 2023.

Artificial intelligence concept stocks also surged collectively. By the close, Palladyne AI rose nearly 13%, Cerence rose 6.95%, and Spectral AI, after rising over 20% during the day, fell back into the red.

The "Tech Seven Sisters" all rose. Meta briefly rose over 1.7%, Amazon briefly rose nearly 1.7%, and Alphabet - A briefly rose over 1.2%. Apple rose over 0.3%, while Tesla fell nearly 1.9%. Strong earnings reports propelled Netflix to rise nearly 15% at one point, closing up over 9%, with its stock price nearing $960, setting a new historical high.

Most popular Chinese concept stocks fell, with Li Auto down nearly 5%, XPeng and Miniso down over 3%. Bilibili fell over 4%. iQIYI, TAL Education, New Oriental, NetEase, and Pinduoduo fell over 1%; Nio rose over 2%, while JD.com and Alibaba rose over 1%.

Have China and the U.S. already communicated or are they in the process of discussing tariff issues?

Chinese Foreign Ministry: Willing to maintain communication and properly handle differences.

After Trump took office, he threatened to impose tariffs on EU goods. EU Economic Commissioner Valdis Dombrovskis stated that if necessary, they would respond to U.S. tariffs in a proportional manner, emphasizing the strategic ally relationship between the U.S. and Europe.

According to CNBC: U.S. President Trump will deliver a video speech at Davos on Thursday at 11 a.m. Eastern Time (midnight Beijing time on Friday).

Musk pours cold water on Trump's announced AI project

Musk stated that the Interstellar Gate plan "actually has no money," and he has "reliable authoritative information" that SoftBank's available funds are "far below" $10 billion.

Musk and Trump may have a rift over the "Interstellar Gate" project

According to AXIOS, just hours after Trump announced a significant investment in artificial intelligence, he faced skepticism from one of his closest allies, Musk. This may be one of their most public disagreements to date. OpenAI CEO Sam Altman subsequently responded to Musk: "You're wrong, you definitely know." He urged Musk to put the country ahead of his company's (interests).

Polestar CEO: Musk's involvement in politics has dissatisfied many Tesla customers

Polestar CEO Michael Lohscheller believes that Musk's increasingly active role in international politics has caused dissatisfaction among many Tesla customers, creating opportunities for Polestar. He has informed sales personnel to pay attention to disgruntled Tesla owners to capture potential business.

"Wooden Sister" bets: Trump's agenda will revitalize U.S. IPOs

Ark Invest founder Cathie Wood bets that Trump's regulatory and growth agenda will revitalize the U.S. IPO market. "What the new government is doing is changing fear with optimism. People are seriously underestimating the importance of deregulation in unleashing instincts. We are very excited about this. Our strategy is starting to stand out."

Google doubles down on AI, reinvesting $1 billion in Anthropic

Anthropic's valuation will rise to approximately $60 billion. Additionally, media reports indicate that Google announced a series of new ChromeOS features for classroom and accessibility use today, the most notable of which allows users to control their computers through head movements and facial expressions.

BlackRock CEO: Bitcoin price could rise to $700,000

Larry Fink, CEO of the world's largest asset management company BlackRock, believes that cryptocurrency Bitcoin will become increasingly popular, with the wealthy investing 2% to 3% of their funds in this asset, driving its price up, potentially reaching $700,000.

OpenAI prepares to launch new ChatGPT feature Operator

Some listed companies have their target prices raised

JP Morgan analyst Samik Chatterjee gave Qualcomm (QCOM.O) an "Overweight" rating with a target price of $200.

Investment bank Wedbush maintains an "Outperform" rating on Snowflake (SNOW.N) and raised its target price to $210.

Wedbush: Raised Tesla's (TSLA.O) target price from $515 to $550.

Bank of Montreal: Raised Netflix's (NFLX.O) target price from $1,000 to $1,175.

Listed company earnings reports

Halliburton (HAL.N) reported Q4 total revenue of $5.6 billion, a 2.4% year-on-year decrease, which was $30 million below market expectations; net profit was $615 million, down from $661 million in the same period last year; basic and diluted earnings per share were $0.70, compared to $0.74 in the same period last year.

Abbott (ABT.N) reported Q4 revenue growth of 7.2% year-on-year, reaching $10.97 billion, but below the average analyst expectation of $11.01 billion. Adjusted earnings per share were $1.34, in line with the average analyst expectation. However, sales in its nutrition, diagnostics, and generic drug segments were all below expectations.

Procter & Gamble reported 3% organic revenue growth in Q2 of fiscal 2025; net sales were $21.88 billion, a year-on-year increase of 2.1%, estimated at $21.55 billion; core earnings per share were $1.88, compared to $1.84 in the same period last year, estimated at $1.86. Procter & Gamble still forecasts core earnings per share of $6.91 to $7.05, estimated at $6.91.

SAIC Motor and Meituan to deepen cooperation to explore new retail model for automobiles

Media reports indicate that SAIC Motor's passenger vehicle company and Meituan have recently signed a strategic cooperation agreement, where both parties will leverage their respective resources and advantages to promote deep integration of online and offline services, enhance user service experience through digitalization, and jointly create a comprehensive automotive business ecosystem covering the entire lifecycle

ByteDance Director: TikTok Deal Will Be Completed, Feasible Plan to Be Reached as Early as This Weekend

Bill Ford, a member of the ByteDance board and CEO of General Atlantic, stated that an agreement will be reached to ensure TikTok can continue to operate in the United States. General Atlantic is a major investor in ByteDance.

Six Departments in Mainland China Issue Implementation Plan to Promote Long-term Capital Market Entry

The State Council Information Office held a press conference on January 23 to introduce efforts to vigorously promote the entry of long-term capital into the market and facilitate the high-quality development of the capital market.

Five departments in China jointly issued the "Opinions on Promoting Institutional Opening at International High Standards in Conditional Free Trade Pilot Zones (Ports) in the Financial Sector."