美联储布拉德：美联储将不得不提高政策利率，今年或许还需要再加息 50 个基点，预计今年还将加息两次。

From a technical perspective, there are signs that the US dollar may have formed a bottom.

The new pressure on US stocks: the US dollar is strengthening!

The put/call ratio of the US stock market options has dropped to the lowest level since February, &quot;suggesting that some complacency is creeping back.&quot;

If the US stock market is in a bull market, analysts say, "It's different from the past 30 years!"

Megacap technology stocks have dominated the performance of U.S. stocks this year, pushing the NASDAQ Composite Index to a new nine-month high.

Has FAAMNG been overvalued after this year's surge?

Apple falls 1%, Meta falls 1.4%, Micron Tech falls nearly 6%. XPENG-W, NIO-SW, iQiyi rise about 3%, Ideal rises 2.6%, Alibaba, Pinduoduo, Baidu rise 2%, JD, Bilibili, NetEase, BEKE-W rise 2.4%, Manbang rises 5%, Xpeng falls nearly 3%.

Pre-market US stocks | Chinese internet companies rise, Micron Tech falls nearly 6%! Meta Platforms reportedly fined $1.3 billion by the EU.

分析师的观点是，根据对其成本结构的分析，特斯拉的卓越利润率将持续甚至扩大，降价与盈利之间没有必要和直接的联系。

特斯拉：上演一场教科书式的跨越盈亏平衡点案例

However, Bank of America also expects that Alibaba's mainland retail GMV will recover to a year-on-year growth trajectory in this fiscal quarter, and revenue from managing Chinese retail business customers will also grow at a similar pace.

Big Moves | Alibaba Target Price Cut! JD.com, BYD Both Have at Least Doubled Potential?

In the first quarter, KUAISHOU-W's revenue was RMB 25.2 billion, a year-on-year increase of 19.7%; the adjusted net profit was RMB 42 million, compared with a loss of RMB 3.7 billion in the same period last year.

Financial Report is Out | KUAISHOU-W Achieves Overall Profitability for the First Time, All Business Maintains High-Speed Growth

This is not about one company’s privacy practices – there is a fundamental conflict of law between the US government’s rules on access to data and European privacy rights, which policymakers are expected to resolve in the summer.

Meta Response to the Decision on Facebook’s EU-US Data Transfers

Meta Platforms：如果新的欧盟/美国数据协议在挂起令的实施期限到期之前生效，我们的服务可以像今天一样维持运行。

投资者对沃达丰新任 CEO 是否能带领公司走出困境持观望态度。

沃达丰股价跌至 20 年新低 市场对新任首席执行官信心不足？

市场消息：香港证监会将于周二就虚拟资产交易平台举行媒体发布会。

5 月 22 日，商务部部长王文涛在上海主持召开座谈会，听取美资企业在华经营情况以及对我持续优化营商环境的意见建议。王文涛强调，中美两国经济深度融合，双方在相互尊重，互惠互利的基础上开展经贸合作，符合两国和两国人民的根本利益，也有利于整个世界。中方将继续欢迎美资企业在华发展，实现共赢。

商务部部长王文涛主持召开美资企业座谈会

更安全、更精确的” 刷掌支付” 能否颠覆整个市场？

“刷掌” 支付来了！巨头纷纷布局，网友：这下真要 “剁手” 了

汇丰全球研究：预计今年股市增长的势头将转向南亚和东南亚。

The customer's frustration with Nvidia's dominance and the willingness to cultivate a second supplier is a major advantage for AMD to catch up quickly. The AI chip market is large enough for AMD to have a chance to compete even in the face of software ecosystem disadvantages. AMD's long-term ability to find differentiation and catch up in research and development is expected to be replicated in the new AI chip field.

In-depth analysis of "Eternal Second" AMD AI computing power advantage: the market is suffering from Nvidia's monopoly!

汽车、软件、生物制药、电力、半导体等涨幅居前，快手盘中涨幅一度扩大至 8%，东方甄选收涨 12.23%。

港股全天高位活跃！恒生科技涨 2.14%，零跑汽车涨逾 8%，石油煤炭领跌

Earlier, it was reported that some of the largest pension funds in the United States are considering reducing their stock investments and increasing private credit to cope with the possibility of long-term economic slowdown.

The largest pension fund in the United States reduced its stock position in the first quarter, clearing out LI AUTO-W and reducing holdings in Apple and NIO-SW!

5 月 22 日 (路透社) -

* META 因向美国转移用户信息被罚 13 亿美元 -《华尔街日报》报道
* META 因向美国发送用户信息被欧盟隐私监管机构罚款 13 亿美元 -《华尔街日报》报道
原文链接: https://on.wsj.com/3MtnLhi 更多公司资讯：

Meta 因向美国转移数据而被罚 13 亿美元 - WSJ

快手第一季度营收 252.2 亿元人民币，预估 245.1 亿元人民币。

向奈飞和亚马逊等海外科技公司支付的费用几乎占日本服务账户赤字的 90%，巴克莱认为随着企业的数字化转型及消费者习惯的变化，预计这一部分 “数字赤字” 将进一步扩大，而这将使日元承压。

奈飞们的 “福音”，却变成日元的 “麻烦”

Last Friday, the technology sector as a whole experienced a downturn, with significant differences between individual stocks. Tesla rose nearly 2%, AMD fell nearly 2%, Amazon fell 1.61%, Alibaba fell over 2%, and NIO-SW rose 3.2%.

US Stock Options | Meta Platforms, Alphabet-C, Tesla Calls Active, Nvidia Options Trading Nearly Doubled

热门中概股盘前普涨，小鹏汽车涨超 4%，哔哩哔哩、蔚来汽车涨近 3%，理想汽车、百度、阿里巴巴涨约 2%。

英伟达预期市盈率接近惊人的 65 倍，无论将英伟达定位成芯片、软件还是通过硬件销售实现软件货币化的公司，其估值均远远高出同行业其他公司。

美股 AI 概念迎大考：英伟达财报本周来袭，业绩能否支撑股价？

野村证券认为，随着汽车技术组件复杂性不断提高，汽车基础软件在未来几年将会有稳固增长，而人工智能也会参与其中，帮助提高开发效率和运营效率，一方面重塑智能座舱领域，在自动驾驶领域也会得到审慎的运用。

野村：中国汽车软件将成为产业链重要支柱

今年，英伟达已经开始推出自己的竞争 CPU 芯片 Grace，该芯片基于软银集团旗下 Arm 的技术。

英伟达进军超算市场 推出基于 CPU 芯片 Grace 超级计算机

阿里将通过分拆部分业务集团上市而获得新资金，并计划削减亏损附属公司的支出，但由于业务集团对集团整体盈利和现金流的贡献微乎其微，分拆不太可能为阿里的信用状态带来重大影响。

标普：阿里巴巴-SW 重组对集团信用影响暂时中性

Is the difference in risk premium between the Chinese and American markets due to the mismatch of their economic cycles, especially in credit cycles? Does this imply a significant risk of convergence or the solidification of structural factors?

How to understand the valuation difference between China and the United States and its solution? Pay attention to this indicator - risk premium!

华尔街分析师仍看好中国大型科技公司，尽管各公司的复苏看起来并不均衡。

尽管复苏不均衡  中国大型科技股仍获华尔街青睐

The dark days for growth sectors such as the internet and technology may be over! In the short term, the overall market may still lack a clear trend, but market valuations are already too low and there is still ample downside protection. If there is a significant pullback, it may be a better time to reposition.

Hong Kong stocks are showing a 2019 market trend again? The key opportunities still lie in technology stocks!

不需要大量数据，也无需场景化学习，几句话就能轻松调教。

懒人福音！谷歌让机器训练机器，用大语言模型定制专属于你的家务机器人

通胀粘性不容小觑。国君证券认为，美国通胀结构性压力仍存，短期通胀仍存波折，长期预期仍维持高位，美联储政策转向将更为谨慎。

美国通胀风险或有下半场

From the perspective of corporate profitability, observing the Bloomberg Hang Seng Index's consensus expected EPS, it has been adjusted to a new high in the past year since March this year. The undervalued and low stock prices make Hong Kong stocks attractive enough.

Two positive signals have emerged! Attraction of Hong Kong stocks is on the rise.

美股情绪转多，资金连续两周净流入，投资者疯狂买进科技股

中国汽车制造商比亚迪考虑在法国设厂。

市场消息：沃尔沃获得创纪录的 1000 辆电动卡车订单。

市场消息：英伟达、劳斯莱斯和 Classiq 宣布喷气发动机计算流体动力学的量子计算突破。

5 月 22 日 (路透社) - NVIDIA 公司:
* NVIDIA 公司、JÜLICH 超级计算中心和 PARTEC 将建立量子计算实验室

NVIDIA、Jülich 超级计算中心和 Partec 将建立量子计算实验室。

5 月 22 日，恒生指数公司推出恒生港股通中国国资央企指数。

恒指公司推出恒生港股通中国国资央企指数

IT 之家 5 月 22 日消息，据《金融时报》报道，Meta 已经与 AR 技术的先驱 Magic Leap 洽谈多年合作协议，双方达成专利授权合作，并合作开发下一代 AR 产品。消息人士表示，Meta 与 Magic Leap 并非开发 AR 头戴设备 ，而是 Magic Leap 提供技术授权以及部分软硬件，作为回报，Meta 向 Magic Leap 注入数十亿美元资金，双方合作将长达数年。Meta 与 Magic Leap 暂未对《金融时报》的报道作出回应。

消息称 Meta 将对 Magic Leap 投资数十亿美元，开发下一代 AR 产品

Meta 发现，对于目前规模的 AI 运算和特定的工作负载，GPU 的效率不高，并不是最佳选择。因此，该公司提出了推理加速器 MTIA，帮助更快地训练 AI 系统。

7nm 制程，比 GPU 效率高，Meta 发布第一代 AI 推理加速器

据香港特区政府新闻公报，香港文化体育及旅游局局长杨润雄 5 月 22 日表示，三年的疫情对香港迪士尼的营运带来很大的挑战，乐园在单靠本地市场的情况下，挺过了数年艰难的时光。即使在 2022 财政年度全年只开放了 190 日，香港迪士尼在年内的总入场人次仍然按年上升 22% 至 340 万，再创全年本地入场人次新高；总收入按年上升 31%；净亏损则按年改善 12%。政府对香港迪士尼未来的业务和长期潜力感到乐观。

香港文旅局局长杨润雄：对香港迪士尼未来业务和长期潜力感到乐观

主导了瑞幸财务造假案的陆正耀、还欠着 15 亿元 ofo 押金的戴威，再次创业都选择了进入拥挤的咖啡赛道。

卖咖啡成 “老赖” 们的救命稻草？

财报 2023｜控本扭亏后，市场留给高鑫零售的耐心不多了

中金公司表示，巴菲特效应、政策引导、疫后红利、资产配置是近期日股大涨的主要因素，目前日股中 “泡沫” 成分相对较少，中长期 3 万点成为日经指数顶部的可能性或较小。

日经冲破 30000 点，“日特估” 这次来真的？

今年以来，普洛斯旗下的美元债券跌幅达到 27%，本月早些时候惠誉评级将该公司列入观察名单，标普评级已在六个月前将其对该公司的展望下调至负面。

债市报警！“物流地产标杆” 普洛斯也不行了？

KUAISHOU-W rose 6% before the results announcement! The market generally expects KUAISHOU-W to achieve revenue between RMB 24.8 billion and RMB 25 billion this quarter, an increase of 18%-19% year-on-year, and a decrease of about 12% month-on-month; the adjusted net loss is expected to be between RMB 220 million and RMB 400 million, a decrease of 89%-94% year-on-year; gross profit margin is expected to increase to about 46% year-on-year.

Prospect | KUAISHOU-W Q1 revenue may exceed expectations! Net loss is expected to narrow significantly.

Facebook 母公司 Meta 本周将启动新一轮大型裁员，预计将瞄准业务部门。Meta 全球事务总裁 Nick Clegg 在公司会议上表示，新一轮裁员模式将会与 4 月相似。虽然 Meta 并未说明本次裁员的确切人数，但 Meta 首席执行官扎克伯格曾在 3 月份表示，公司将在 5 月底前裁撤 1 万个职位，而在上个月的裁员中，约有 4000 个职位遭裁撤，因此预估本次会有约 6000 人被裁。

Meta 本周将启动新一轮裁员，约 6000 个岗位将被裁撤

自 18 世纪以来，美国政府在绝大部分时期都处于财政赤字状态，举债成为历届美国政府的惯例。而近些年来，美国政府财政收入的增速远远落后于支出的增速，美国的赤字规模如滚雪球一般扩大，债务规模不断攀升。目前美国债务上限已经提高至 31.4 万亿美元，相较于 1917 年最初的债务上限 115 亿美元，已经足足膨胀了 2700 多倍。