Gold and Bitcoin have performed well in the past two weeks, showing significant increases. CITIC SEC believes that this is related to the heightened risk aversion caused by multiple geopolitical events. Gold is influenced by central bank purchases, while Bitcoin is benefiting from the "halving" and ETF investments. It is expected that both gold and Bitcoin will continue to be positively impacted by event factors, but to a limited extent. Close monitoring is required.

CITIC Securities: How do you see the future market of gold and Bitcoin?

随着比特币价格创历史新高，券商伯恩斯坦的分析师表示，他们 “现在更加确信”，到 2025 年中期，这种最大的加密货币将达到 15 万美元。在当前强劲势头的支撑下，比特币价格可能会在 4 月份减半之后 “突破”。“我们在估算中建立了比特币的机构流量，以得出比特币的价格。我们估计 2024 年流入 100 亿美元，2025 年再流入 600 亿美元。”

券商伯恩斯坦：比特币明年中有望达 15 万美元

伯恩斯坦分析师认为，在当前强劲势头的支撑下，比特币价格可能会在 4 月份减半之后 “突破”！他们 “现在更加确信”，到 2025 年中期，比特币将达到 15 万美元。

比特币明年有望涨到 15 万美元？！

Bitcoin hit a new all-time high, driving an increased demand for leveraged investment tools. The inflow of funds into leveraged Bitcoin Exchange-Traded Funds (ETFs) based on futures has now become comparable to spot Bitcoin ETFs. Among them, the inflow of funds into VolatilityShares' 2x Bitcoin Strategy ETF is second only to BlackRock and Fidelity Investments' spot Bitcoin ETF. Leveraged Bitcoin ETFs account for nearly 25% of the open interest on the Chicago Mercantile Exchange. The growing demand from investors for leveraged long positions has led to a significant influx of funds into leveraged ETFs. U.S. financial institutions tend to use regulated products, while overseas entities are turning to derivative trading and other channels. Investors are leveraging their bets through various channels in the latest bull market.

Bitcoin's surge stimulates risk appetite! Leveraged ETFs attract a massive influx of funds.

Llama-3 公布基础训练设施，使用 49000 个 H100。Meta 在官网公布了两个全新的 24K H100 GPU 集群，用于训练大模型 Llama-3。预计到 2024 年底，Meta 将拥有 600,000 个 H100 的算力。Meta 作为全球市值最高的科技公司之一，致力于构建通用人工智能。Meta 每天处理数百万亿次 AI 模型的请求，需要高效、灵活的网络来保证数据中心的安全和稳定运行。

Llama-3 公布基础训练设施，使用 49000 个 H100

 “七巨头” 推动的涨势明显过火！“我们已经很久没有见到股市或经济领域出现任何重要的调整，现在市场显得特别脆弱，我们似乎更容易受到重大调整的影响。”

理解市场 | 现在为何该关注美股中小盘股了？

当前的信息属于"Corporate finance related information"（公司财务相关信息）类别。根据给定的信息，可以总结如下：
兴业研究指出，2022 年末 69 家农商行整体各项贷款占比指标为 53.74%，农商行未来可用于增加债券投资的资金相对有限。大行贷款偏强，而中小行债券投资增速走高，大行和中小行资金运用表现分化对债市产生影响。根据历史经验，在中小行存贷款增速差和债券投资增速均明显回落时，10 年国债收益率上行的概率较大。银行资产负债结构是市场主要关注因素。

大行放贷、小行买债：边界在哪？

The U.S. stock indexes collectively rose for the first time this week, with Apple rising for three consecutive days, Nvidia up over 7%, and the Chinese concept stock index hitting a new high for the year. The U.S. Department of Defense canceled a $2.5 billion chip subsidy plan for Intel. Apple plans to establish a new laboratory in Shenzhen to start developing the MacBook Pro with the M4 chip. Xiaomi's car went public and delivered. The whistleblower on Boeing 787 safety issues "committed suicide" on the day he testified in court.

Breakfast | Aggressive analyst predicts NVIDIA to reach $1200, value investor says AI is causing "a bubble within a bubble."

Analysts believe that the company's new growth opportunities may be revealed at the annual GTC conference starting next week, including some of NVIDIA's lesser-known business areas, such as software services and inference applications.

Another 37% increase? Some analysts are already bullish on NVIDIA reaching $1200.

Acadia Pharma(ACAD) fell 17.2%, with a trading turnover 147.8 Million USD, and a year-to-date fell 36.2%. Southwest Airlines(LUV) fell 14.86%, with a trading turnover 1.2 Billion USD, and a year-to-date rose 0.2%. Asana(ASAN) fell 12.72%, with a trading turnover 150.5 Million USD, and a year-to-date fell 13.7%.

Top 10 US Stock Losers (3.12)

Oracle(ORCL) rose 11.75%, with a trading turnover 6.2 Billion USD, and a year-to-date rose 21.4%. NVIDIA(NVDA) rose 7.16%, with a trading turnover 59.3 Billion USD, and a year-to-date rose 85.6%. Boeing(BA) fell 4.29%, with a trading turnover 3.5 Billion USD, and a year-to-date fell 29.3%. RTX(RTX) fell 1.59%, with a trading turnover 851.4 Million USD, and a year-to-date rose 7.7%.

Top 5 US Stock Gainers/Losers (>100B) (3.12)

Ranpak(PACK) rose 51.72%, with a trading turnover 55.9 Million USD, and a year-to-date rose 13.9%. GigaCloud Tech(GCT) rose 19.46%, with a trading turnover 81.5 Million USD, and a year-to-date rose 101.4%. Kanzhun(BZ) rose 18.8%, with a trading turnover 292.5 Million USD, and a year-to-date rose 25.2%.

Top 10 US Stock Gainers (3.12)

ATRenew(RERE) rose 26.89%, with a trading turnover 24.5 Million USD, and a year-to-date fell 21.4%. GigaCloud Tech(GCT) rose 19.46%, with a trading turnover 81.5 Million USD, and a year-to-date rose 101.4%. Microvast(MVST) fell 6.61%, with a trading turnover 3.6 Million USD, and a year-to-date fell 53.4%. Jin Medical(ZJYL) fell 6.4%, with a trading turnover 3.6 Million USD, and a year-to-date fell 48.1%.

Top 5 CDRs Gainers/Losers (>100M) (3.12)

对冲基金 Citadel 的创始人 Ken Griffin 认为，美联储在降息时应该采取谨慎缓慢的方式，以免未来需要重新加息，从而给市场带来更大的不确定性和波动。

“对冲基金新王” Griffin：美联储不应过快降息，警惕反复操作引发市场动荡

量化交易巨头 Citadel 创始人格里芬：加密货币需要清晰的监管来吸引 “大玩家”。

The crisis facing Boeing, especially the production restrictions and safety investigations of the 737 Max aircraft, is having a significant impact on the entire aviation industry. This has not only led to a reduction in Boeing's aircraft deliveries but also had negative effects on the operations and financial conditions of many airlines.

The Boeing incident triggered a chain reaction in the U.S. aviation industry, leading to Southwest Airlines experiencing its largest drop since the outbreak of the pandemic.

比特币回落至 70000 美元/枚下方，较日高回落超 3000 美元，日内跌 2.90%。

虽然不少解读认为美国通胀依然顽固，但大多数分析师认为通胀数据高增长不会持续太久，乐观者认为住房成本将下降。

美国 2 月通胀数据不利美联储？华尔街分析师：不会影响下半年启动降息

“尽管宏观经济和运营环境无疑充满挑战，但我们认为，影响电动汽车三大股的负面因素或多或少 (已经) 反映在股价上。尽管挑战依然存在，但我们看到了第二季持股量偏低的汽车股重回焦点的迹象。"

大摩：回调到底，建议买入蔚小理！

比特币与以太坊短线下挫，以太坊回落至 3900 美元/枚下方，日内跌 3.99%；比特币短线下挫 1300 美元，现报 70530 美元/枚。

According to a report from ZhiXin News on March 10th, a recent survey by TensorWave revealed that many AI professionals are planning to switch from NVIDIA's AI GPU platform to AMD's latest Instinct MI300X GPU. Jeff Tatarchuk, co-founder of TensorWave, recently disclosed through X platform that they conducted an independent survey covering 82 engineers and AI professionals, with about 50% of respondents expressing confidence in AMD. They believe that compared to NVIDIA's H100 series products, the MI300X not only offers better value for money but also has sufficient supply, avoiding issues with tight inventory. Jeff also mentioned that TensorWave will be adopting the MI300X AI accelerator. This is undoubtedly good news for AMD, as their Instinct series products have historically lagged behind NVIDIA in both performance and market recognition, resulting in a much smaller market share in the AI chip market. However, AMD's latest Instinct MI300X GPU, launched last year, has successfully surpassed NVIDIA's flagship product, the H100, in terms of performance.

Survey: A large number of users are planning to switch from the NVIDIA platform to AMD MI300X!

比特币短线下挫 800 美元，最低至 70863.9 美元/枚。

博通公司发布的财报显示，公司第一季度收入达到 119.61 亿美元，同比增长 34%。其中，AI 相关收入达到 23 亿美元，同比增长四倍，占半导体业务的 31%。公司预计 2024 财年 AI 收入占比将达到 35%，总额超 100 亿美元。此外，博通还宣布每股 5.25 美元的季度股息，并回购了价值 82.90 亿美元的 770 万股股票。

外资看财报「博通」：两大巨头客户需求强劲

比特币近期价格不断刷新纪录高位，受到资金流入加密市场和数字代币供应减缓的影响。CoinShares international 的报告显示，上周有 27 亿美元流入加密资产，创下记录新高，其中大部分流向了比特币。比特币 ETF 的推出和一些金融机构的净流入也是推动比特币上涨的因素。此外，英国伦交所和泰国证券管理局也表示将接受加密货币 ETF 的申请。

规模空前的资金涌入加密市场，比特币不断创新高

纳斯达克 100 指数上涨超过 1%，拼多多 ADR 和英伟达等成分股涨幅领先，市场表现较好。标普 500 指数上涨 0.8%，道指上涨 207 点，半导体指数上涨超过 0.9%。

纳斯达克 100 指数涨超 1%，成分股拼多多 ADR 和英伟达至少涨 4% 领跑

数字资产管理公司 Grayscale Investments 申请分拆其比特币现货 ETF 以降低投资者成本。该公司计划推出一种新的投资产品，即灰度比特币迷你信托，接收 GBTC 持有的一定数量的比特币，并向 GBTC 股东提供迷你信托的股票。此举是为了应对 GBTC 收费高于竞争对手的 ETF，导致投资者转向其他产品的问题。

灰度计划分拆其比特币现货 ETF，以降低投资者成本

比特币涨至 7.3 万美元，数字货币概念股涨跌不一。

比特币涨穿 7.3 万美元，数字货币概念股涨跌各异

比特币站上 73000 美元/枚，日内涨超 1%。

比特币站上 7.3 万美元 续刷新高

Vanke's thrilling breakthrough.

Tesla's Chinese rivals, BYD and Xiaomi, are competing to make electric vehicles (EVs) more affordable than gasoline cars. BYD plans to update its hybrid system and e-Platform to offer cheaper EV models, while Xiaomi is preparing to launch its electric sedan. The EV market in China is expanding, with new models offering better features at lower prices, leading to a price war. However, competition is also causing a decline in deliveries for major EV players. Chinese manufacturers are introducing innovative features to attract buyers.

Tesla's Chinese Rivals Are Coming For The Throat: BYD, Xiaomi Sharpen Knives For All-Out EV Price War

民生银行发布公告，宣布高管层变动。郑万春申请辞去副董事长、行长等职务，袁桂军也申请辞去副行长等职务。董事会决定聘任王晓永为行长，聘任张俊潼、黄红日为副行长。新行长王晓永在建设银行工作多年，关注普惠金融发展。

万亿级大行公告新高管，将迎 “一正两副” 新行长

近期部分银行开始招聘直播岗位，给出了高薪酬，实习生日薪达到 1000 元。招聘的银行包括国有银行、股份制银行、城商行等。岗位要求包括出镜直播、内容策划和执行等。月薪大多在 20K 以上，某大型国企银行给出了 35-40k 的月薪。银行业是有名的 “金饭碗” 行业，但银行专业主播的薪酬待遇不低。

当主播端起了 “金饭碗”，银行聘直播实习生 1 天 1 千元

After setting a target of a trillion GMV, YSB aims to play the card of traditional Chinese medicine decoction pieces.

全球市场格局生变，日股持续走牛后迎来调整，港股从四年连跌进入技术性牛市，A 股风格切换，高股息概念 “熄火”，白酒地产消费股上扬。日本央行加息传闻引发日股连跌，港股受消费股和科网股带动进入技术性牛市。政府工作报告预计国内经济增长目标为 5% 左右，美联储释放降息信号，市场风险偏好提升。恒生指数连续 17 日净流入，港股风险溢价模型预示着反转的到来。全球多类资产价格走势迎来转折点。

全球市场格局生变？

A former employee who had reported major quality defects at Boeing committed suicide. Before passing away, he was still providing testimony for the legal lawsuit against Boeing.

Before the market opens, Boeing fell more than 2%. Reports indicate that on the day the whistleblower testified about safety issues with the 787, he "committed suicide".

The celebration of NVIDIA is far from over.

Wall Street expects that the reaction of the US stock market to tonight's CPI may be more intense than the reaction to the Fed's interest rate decision next week! In the pre-market trading of Chinese concept stocks, Bilibili rose over 6%, XPENG-W rose 5%, Li Auto and JD.com rose over 4%. MNSO surged 15%, Oracle briefly rose over 14%, and ClearOne briefly soared 110%.

Pre-market trading in US stocks: Tech stocks and Chinese concept stocks are all rising! The market is focusing on the US February CPI tonight.

HSBC believes that the "January exception theory" is not enough to explain the upward trend in inflation. The inflation in the service industry has been on the rise for quite some time, and this week's CPI data may once again disrupt the market.

Is the 'January Exceptional Case' still valid? The outcome of the U.S. February CPI will be revealed tonight.

Netizen: Great people do great things. That's what truly defines an investor.

Charity by a 93-year-old: $1 billion worth of Berkshire Hathaway stocks!

CIFI HOLD GP(00884) rose 19.3%, with a trading turnover 149.1 Million HKD, and a year-to-date rose 33.3%. MNSO(09896) rose 15.58%, with a trading turnover 364.8 Million HKD, and a year-to-date fell 0.2%. HELENS(09869) rose 15.08%, with a trading turnover 30.7 Million HKD, and a year-to-date fell 7.9%.

Top 10 HK Stock Gainers (3.12)

XIAOMI-W(01810) rose 11.34%, with a trading turnover 4.3 Billion HKD, and a year-to-date fell 4.4%. CHINA RES LAND(01109) rose 10.49%, with a trading turnover 726.0 Million HKD, and a year-to-date fell 11.6%. NEW ORIENTAL-S(09901) fell 3.05%, with a trading turnover 491.1 Million HKD, and a year-to-date rose 23.7%. CRRC(01766) fell 2.98%, with a trading turnover 137.6 Million HKD, and a year-to-date rose 23%.

Top 5 HK Stock Gainers/Losers (>100B) (3.12)

HORIZON CD(09930) fell 15.23%, with a trading turnover 19.3 Million HKD, and a year-to-date fell 72.1%. YSB(09885) fell 9.08%, with a trading turnover 76.7 Million HKD, and a year-to-date rose 15.4%. 蒙古焦炭(00975) fell 8.46%, with a trading turnover 163.3 Million HKD, and a year-to-date rose 19.6%.

Top 10 HK Stock Losers (3.12)

Jefferies emphasized PDD's advantages in cost control and profitability, raising the target price from $117 to $157; Citigroup expects Apple's iPhone sales to remain flat this year, anticipating the stock to remain under pressure during the WWDC in June, while AI catalysts are expected to drive up demand for related smartphones next year.

Rating Quick Look: Pinduoduo's target price significantly raised! Apple faces price cuts.

Oracle is expected to spend $10 billion on data center capital expenditures in the 2025 fiscal year, with a pre-market surge of over 13%.

WSB Hot Topic | Oracle stabilizes chip stocks, cloud computing revenue surges by 25%

The hottest overnight contracts are as follows: Apple calls expiring on March 15th with a strike price of $175, with a trading volume of over 130,000 contracts. Tesla with a strike price of $180 had a trading volume of 110,000 contracts, while NVIDIA with a strike price of $900 had a trading volume of less than 50,000 contracts.

US Stock Options | Market cools down! Tesla, NVIDIA, AMD all see a sharp drop in trading volume!

据报道，巴内特去世前几天一直在针对波音的一宗举报官司中提供证据。他原定于上周六接受进一步问询。当他没有出现时，警察前去他住宿的酒店调查，发现他死在酒店停车场的卡车里。美国南卡罗来纳州查尔斯顿县验尸官证实了巴内特死亡的消息，称其明显死于 “自伤”。波音在一份声明中表示，公司对巴内特身亡的消息深感悲痛，“我们与他的家人和朋友同在”。

曾举报波音飞机生产安全问题的 “吹哨人” 在美国身亡，波音公司发声：深感悲痛

彭博分析师预计，“小米 SU7 平均售价为 22 万元-26 万元，第一年的销量为 3 万辆-5 万辆”。此外，小米 SU7 有望将小米今年的销售额提高至多 4%，并可能成为该公司的长期增长动力。

小米汽车到底会卖多少钱？

黄仁勋预告新一代 DGX 系统将采用水冷散热，大摩称液冷解决方案的采用率有望随 AI 产业的进一步发展而提高。

大摩谈液冷技术崛起：英伟达新 DGX 系统引领 “散热革命”

华懋集团预期，香港楼价短期内不会出现急剧 V 形反弹，市场对年内美国联储局减息预期较大，相信届时经济前景及投资气氛向好，本港楼价可有约 5% 的轻微上升空间。

若今年减息，料香港楼价可升 5%！

一则关于 “要求银行强化对国有支持的地产发展商万科融资支持，并呼吁债券人考虑延长私人债务到期期限” 的消息在投资圈流传，可能是引发地产股行情的主要原因。据记者向某股份银行人士了解，确实存在传闻中的一些现象。