JPMorgan Chase will announce its first-quarter financial report on April 12. It is expected that the earnings per share of JPMorgan Chase in this quarter will increase by about 1%, and the revenue will grow by 8.9% year-on-year, reaching a historical high. Analysts predict that the revenue from JPMorgan Chase's fixed income business, stock trading business, and investment banking business will exceed market expectations. JPMorgan Chase CEO Jamie Dimon may provide positive future forecasts as JPMorgan Chase has advantages in global trade matching, M&A activities, and IPO underwriting activities. The profit and revenue growth prospects of JPMorgan Chase are very healthy, and the company's financial condition is good

Financial Report Preview | Morgan Stanley Soars 40%, Signaling the Direction of Financial Reports? Q1 Performance May Hit a New High

Industrial hemp is popular, General Electric's stock price continues to rise, reaching a 24-year high

WSB Hot Discussion | BTC Returns to 72,000, Energy Stocks Heating Up

Morgan Stanley lowered Tesla's target price from $320 to $310, believing that Tesla's weak performance in the first quarter is a clear sign that electric vehicles are entering a reshuffling phase; Baird gave Reddit a $50 target price, stating that its "growing user base, user-generated content, and overall safe environment create meaningful value for advertisers"

Rating Quick Look | Amazon, Netflix Target Prices Raised! Tesla Faces Another Price Cut

Why did NVIDIA's CEO Huang Renxun and Oracle's founder Ellison call for "National AI" successively? Because it has given too much!

Oracle's founder also takes the stage: in the future, governments around the world will all need "National AI"

特斯拉在过去三年半所取得的成就：实现了全自动驾驶累计行驶 10 亿英里（约 16 万亿公里）。

特斯拉盘前涨 4%，机构称看好 Robotaxi+FSD 协同作用

Boya Interactive plans to invest in AWAKENING VENTURES, with a focus on Web3-related projects. This will drive the group's business development and layout in the Web3 field, aiming to establish the group as a leading Web3 listed company

Boya Interactive plans to invest in AWAKENING VENTURES to invest in projects related to the Web3 track

ZX INC(09890) rose 27.85%, with a trading turnover 69.5 Million HKD, and a year-to-date fell 49.4%. FIH(02038) rose 27.84%, with a trading turnover 45.3 Million HKD, and a year-to-date rose 1.6%. CKLIFE SCIENCES(00775) rose 20.31%, with a trading turnover 15.4 Million HKD, and a year-to-date fell 37.9%.

Top 10 HK Stock Gainers (4.8)

EAST BUY(01797) fell 9.14%, with a trading turnover 549.4 Million HKD, and a year-to-date fell 36.3%. UBTECH ROBOTICS(09880) fell 9%, with a trading turnover 84.7 Million HKD, and a year-to-date rose 109.4%. SUNSHINE INS(06963) fell 8.94%, with a trading turnover 6.5 Million HKD, and a year-to-date fell 36.8%.

Top 10 HK Stock Losers (4.8)

CEB BANK(06818) rose 4.57%, with a trading turnover 50.8 Million HKD, and a year-to-date fell 1.3%. LI AUTO-W(02015) rose 4.05%, with a trading turnover 1.0 Billion HKD, and a year-to-date fell 17.9%. BUD APAC(01876) fell 5.7%, with a trading turnover 265.4 Million HKD, and a year-to-date fell 27.6%. CHINA RES BEER(00291) fell 4.78%, with a trading turnover 643.2 Million HKD, and a year-to-date fell 0.9%.

Top 5 HK Stock Gainers/Losers (>100B) (4.8)

OSL Group surged more than 9% in the final trading session, with a 9.42% increase as of the time of writing, reaching HKD 8.44 with a trading volume of HKD 14.8322 million. According to Securities Times, several large public fund companies are applying for Bitcoin licenses through their Hong Kong subsidiaries. For instance, CSOP Fund has applied to the Hong Kong Securities and Futures Commission for a Bitcoin spot ETF, while Huaxia Fund's Hong Kong subsidiary has partnered with a Hong Kong Bitcoin ETF custodian. Industry insiders expect that the applications for related Bitcoin ETFs could be approved as early as the second quarter of this year. The company is a digital asset and financial technology company, and its OSL digital asset platform is the first and currently the only digital asset platform in Hong Kong licensed by the Securities and Futures Commission with insurance coverage, providing services such as bulk brokerage, trading, custody, and settlement for institutions and professional investors

Hong Kong Stock Market News | OSL Group surged more than 9% at the close, reports indicate that several top public funds are positioning themselves in the Hong Kong Bitcoin business

比特币突破 71000 美元/枚，日内涨 2.41%。

中金认为 HBM 的快速增长对于产业链各环节带来了增量空间，已成为存储器链条各环节必争之地。HBM 需求由 AI 芯片带动，竞争白热化，SK 海力士、三星电子、美光科技已发力 HBM3E 产品。HBM 制造复杂度提升，不同产业链环节有参与机会。

中金 ：AI 浪潮，HBM 成为存储战略要地

财政部部长蓝佛安与美国财政部部长耶伦 4 月 7 日晚在京举行会谈，就中美宏观经济形势、双边经济关系及合作应对全球性挑战等议题交换了意见。财政部副部长廖岷陪同参加。

蓝佛安会见美国财政部部长耶伦

The hottest contracts last Friday: nearly 200,000 Tesla puts with a strike price of $167.5 expired on the same day! Over 100,000 AMD calls with a strike price of $170 were traded. More than 80,000 Pfizer puts with a strike price of $25 expiring on May 17 were traded; nearly 70,000 Petrobras puts with a strike price of $14 expiring on April 19 were traded

US Stock Options | Tesla traded nearly 4 million contracts, with a frenzy of put options! Nvidia and AMD continue to be hot

The rising trend of US stocks this week will face a key test: 1. Whether overheated inflation data will once again stifle hopes of interest rate cuts; 2. The first quarter earnings season of US stocks has begun, can the profitability and prospects of companies support the current high valuations

As inflation worsens, the "rate cut expectations" collapse, will the rise in US stocks come to a sudden halt?

李家超表示，过去一年虽然有人对香港股市的短期市场波动表示失望，但亦有人对香港的前景保持坚定信心，香港就算在最好时刻亦永不停步，香港政府会致力增强股票市场竞争力和流动性，包括下调股票印花税，当局亦正考虑改善交易机制以提升投资者服务。

李家超：香港政府致力增强股票市场竞争力和流动性

The significant rise in gold prices in this round cannot be explained by the logic of the Federal Reserve's policy. The central bank's demand for gold purchases also cannot rationalize the historical high of gold prices. The sharp rise in gold prices is also contrary to the outflow of gold ETFs, and the "mysterious force" driving the rebound has left analysts puzzled

Gold has surged since March, and Wall Street can't understand it

Tech giants in the Hong Kong and US stock markets saw mixed performance last week: Meituan rose nearly 4%, Baidu rose over 2%, Tencent rose 2%, JD.com fell 2%, Alibaba slightly declined by 0.3%; Amazon rose 2.6%, Microsoft and Google rose over 1%; Tesla plummeted over 6%, Nvidia fell nearly 3%, Apple dropped over 1%

Tech Stock Weekly Recap: NetEase plunges 8%, Meta surges 9%!

Ripple's CEO expects the total market size of the cryptocurrency market to double this year, with a total market value surpassing $5 trillion. He believes that the arrival of the first spot Bitcoin exchange-traded fund in the United States and the Bitcoin "halving" event will drive institutional funds into the market. The total market value of cryptocurrencies is currently around $2.6 trillion, and if the market size doubles, it will reach $5.2 trillion. Bitcoin has risen by over 140% in the past 12 months, but prices have recently declined

Blockchain company Ripple CEO: By the end of 2024, the cryptocurrency market will double to $50 trillion USD

The People's Bank of China and the China Banking and Insurance Regulatory Commission jointly issued the "Notice on Adjusting Policies Related to Auto Loans", relaxing the auto loan policies. The maximum loan-to-value ratio for self-use auto loans will be determined independently by financial institutions. It is expected that companies in the automotive finance sector, such as Yixin Group, will benefit from the policy boost. Its 2023 annual performance report shows significant growth in revenue and net profit. Meanwhile, Huaxi Securities pointed out that the auto market is entering a peak period for replacement, with an expected increase in replacement purchases in 2024. Mid-to-high-end models and new energy vehicles are expected to benefit. As an automotive finance trading platform, Yixin Group will have more opportunities to promote "0 down payment" auto loan installments, supporting the development of the auto market

Hong Kong Stock Concept Tracking | Relaxation of Car Loan Policies May Boost Industry Chain (List of Concept Stocks Attached)

恒大汽车跌 20.48%。根据公告，纽顿集团战略投资终止，该公司此前拟议的交易及债转股的条款修订尚未取得任何进一步进展。

Gold stocks continued to rise during the holiday period, with the stock prices of Zhaojin Mining, Lingbao Gold, China Gold International, and Shandong Gold all seeing increases. The international gold price hit a historical high, and the People's Bank of China has been increasing its gold reserves for the 17th consecutive month. The amount of gold shipped from Switzerland to China has also significantly increased. ANX International stated that the escalating geopolitical tensions and the 2024 elections will increase the demand for gold

Hong Kong Stock Market News | Gold stocks continue recent uptrend as international gold prices hit a historical high during the holiday season, with central banks from multiple countries purchasing gold to boost demand

港股内房股开盘下挫，世茂集团跌近 9%，华润置地、雅居乐集团、富力地产均跌超 1.5%。

世茂集团港股早盘下跌超 7%，此前公司公告，建设银行向法院提出清盘呈请。

Morgan Stanley believes that the Fed rate cut and increased M&A activities will drive a rebound in US biotech stocks, outperforming the overall market. Morgan Stanley expects the Fed to cut rates for the first time in June and predicts a 20% to 30% upside potential for biotech stocks in the next 6 to 12 months. At the same time, Morgan Stanley estimates that by 2030, drugs with revenues of $182 billion in 2024 will lose patent protection, leading to M&A demand for large biopharmaceutical companies. Morgan Stanley believes that oncology and immunotherapy assets are the areas of greatest interest to potential acquirers. Furthermore, Morgan Stanley also believes that the entire biotech industry will continue to focus on companies valued at less than $5 billion

Fed rate cut + M&A increase, Morgan Stanley bullish on US biotech stocks

摩根大通预计，随着供应紧张情况加剧，到今年 8 月或 9 月份油价可能回升至 100 美元/桶。

油价破百？曾经的 “天方夜谭”，似乎越来越近

特斯拉首席设计师回应取消开发 2.5 万美元电动汽车的传闻，他对路透社的报道表示怀疑，并呼吁大家不要轻信谣言。他表示会继续关注该问题。

特斯拉首席设计师回应取消开发 2.5 万美元电动汽车：不要轻信谣言

黄伟纶表示，香港将持续对虚拟资产交易平台及 Web3 开发者提供支持，并研究将虚拟资产 OTC 交易纳入监管。目前已有超过 220 家 Web3 相关公司在香港设立办事处。当局将在促进发展和适当监管之间取得平衡，建立全面和明确的监管制度。

黄伟纶：港府将为虚拟资产交易平台及 Web3 开发者提供支持

Goldman Sachs analysts pointed out that in the face of strong data, the market is beginning to price in higher terminal rates and neutral rates, but the Financial Conditions Index (FCIs) has not tightened as a result. Currently, there are almost no signs indicating the need for a rate cut

Goldman Sachs acknowledges "Expected three rate cuts this year": Rate cuts are optional for the Federal Reserve, not mandatory

Investment bank Wedbush stated that as artificial intelligence becomes a hot topic, the company's ability to monetize it will become a focus of investor attention. Wedbush analysts expect companies benefiting from first-quarter performance to include Microsoft, Alphabet, Amazon, Palantir, and Meta. Microsoft is believed to be on the verge of an "iPhone moment" for artificial intelligence, with a market value exceeding $3.1 trillion. Analysts believe that artificial intelligence will change Microsoft's cloud computing growth trajectory in the coming years

Wedbush: Artificial intelligence monetization may have entered the next growth stage, Microsoft will usher in an 'iPhone moment'

HashKey Group 和万向区块链实验室计划在 4 月至 5 月期间在香港推出首批比特币 ETF。HashKey Exchange 的首席执行官表示，全球虚拟资产监管和合规方面发生了巨大变化，监管机构整顿了不合规的交易所。他对香港成为全球首个推出以太币现货 ETF 的市场充满期待。

HashKey 期望本港首批比特币 ETF 可於 4 月至 5 月上市

李彦宏将在百度 CreateAI 大会上展示 AI 前沿技术与开发工具，包括文心大模型系列和三大开发神器。这些工具将降低 AI 时代的开发门槛。

李彦宏将亮相百度 CreateAI 大会 展示 AI 前沿技术与开发工具

Despite facing a real yield of up to 2%, the price of gold has still hit a new all-time high. Analysis suggests that this situation indicates either gold prices will quickly fall back, retracting the astonishing gains so far this year, or there will be an economic or financial crisis, leading to a sharp decline in risk assets

How to understand the "derailment" of gold prices? The market sees a "farther future"!

日本央行行长植田和男表示，当我一年前就任时，我希望在经济条件允许的情况下，使日本央行的政策框架更加简化。由于去年财政年度的经济状况相当良好，使我能够做到这一点。我们将根据新的政策框架适当应对经济变化。

日本央行行长植田和男：将根据新的政策框架适当应对经济变化

中信证券预计美联储年内降息次数或低于市场预期的 3 次，同时指出美国劳动力市场仍具韧性，但需警惕商品生产部门需求扩大形成的对冲效应。缩表或将在下次议息会议开始减速，首次降息时点需关注通胀走势。

中信证券：预计美联储美联储年内降息次数或低于市场 3 次的预期

这家股价暴涨的封闭式基金管理公司最大仓位在马斯克的 SpaceX，占总仓位的 34.6%，OpenAI 持仓占比则为 3.8%。分析认为，一个全新的炒作思路可能已经出现了：一级市场定价的波动，正在影响二级持有者的市值。完美的故事不但要讲给一级的投资者听，更要通过实实在在的形式传播到二级市场。

两周暴涨 800%！次新股 DXYZ 什么情况？

多家头部基金公司正借助香港子公司曲线布局比特币 ETF。记者在采访中获悉，包括嘉实基金香港子公司、南方基金香港子公司在内的多个机构正在申请和布局比特币 ETF，其中嘉实基金向香港证监会申请的产品为比特币现货 ETF。此外，华夏基金香港子公司最近则与香港比特币 ETF 托管机构达成合作。业内人士预计，相关比特币 ETF 申请最快可能在今年第二季度落地。

头部公募试水比特币 ETF，现货业务最快二季度落地

比特币报价再次触及 70000 美元。

微创系获高瓴 “有条件” 纾困：须三年内扭亏

Oil stocks provide a new way to bet on economic growth, even if geopolitical tensions end the growth narrative, they can still offer investors some protection

Major Changes in the US Stock Market: Exxon Mobil "Rises", Energy Outperforms Technology

百亿黄金基金经理许之彦分享华安基金黄金量化投资模型课程。最近金价创历史新高，引发人们对黄金投资的关注。许之彦介绍了黄金投资的核心问题和市场格局的变化，帮助大家构建黄金投资组合。此外，他还提到了美元走强、美国黄金 ETF 持仓下降和美国实际利率上行等传统黄金分析框架的失效。通过这次课程，投资者可以更好地理解黄金投资的关键因素和未来金价的走势。

百亿黄金基金经理教你构建投资框架：许之彦首次对外分享华安基金黄金量化投资模型

美联储降息对牛市没有影响，好消息现在不再意味着坏消息。美国财政部的 “隐形宽松” 可能压倒了鲍威尔的量化宽松，通过财政部 TGA 账户和美联储逆回购释放的流动性比美联储资产负债表收缩规模还要高出 4170 亿美元。

美联储降息几次，牛市根本不在乎

When Tesla was at its peak, Musk shifted his focus to robots; as supply chain issues became more prominent, Musk chose to no longer introduce new car models and shelved plans for a low-cost car, instead focusing on aggressively developing the higher-cost FSD

The pitfall of Tesla today was already laid three years ago when it was at its peak

Further supported the potential of Wegovy in treating obesity-related diseases

Novo Nordisk: "Weight-loss miracle drug" Semaglutide can alleviate heart failure symptoms in diabetic patients

高端算力产品英伟达 A800 的市价已升至约 11 万元/张，这使得 AI 应用的 “准入” 门槛变得更高。然而，有人在知识分享平台上发布了一条 “2 元/卡时可租英伟达 A800 算力卡” 的帖子，引起了业内的关注。英伟达官方回应称，确有此事。这一信息可能属于商业相关信息。

2 元/卡时可租英伟达 A800 算力卡？官方回应：“确有此事”

宁德时代正在与福特、通用和特斯拉等美国汽车厂商展开合作，以推动电动汽车技术的发展。福特与宁德时代合作在美国建设电动汽车电池厂，特斯拉则向宁德时代租用电池工具并共同研发新的电池化学成分。同时，通用汽车计划获得宁德时代的磷酸铁锂电池技术授权，并可能在北美建立合资电池工厂。这些合作将有助于降低电动车价格并提高电池性能。

宁德时代的美国战略

特斯拉眼下集中火力开发 Robotaxi，是否意味着 FSD 自动驾驶技术已经取得了突破性进展。面对众多的监管障碍、高企的成本和 FSD 尚未成熟的现实，Robotaxi 可能无法支撑特斯拉的下一个增长阶段。

马斯克又赌了！无人出租车能救特斯拉吗？

近期金、铜、原油等大宗商品价格持续走高，今年以来美股能源股表现甚至超过了科技业。科技对商品在过去一个长周期内的绝对优势是否面临又一个拐点？

特斯拉首席执行官马斯克驳斥了路透社关于特斯拉放弃推出低价车型计划的报道，并指称其为谎言。据报道，近年来中国车企推出了大量低成本电动汽车车型，这导致该细分市场变得非常拥挤，特斯拉难以在该市场中有所作为。

放弃推出低价车型？马斯克驳斥路透社散布谎言

香港周大福家族的三代郑志刚勇闯 VC 圈，不同于传统的香港家族对地产、金融行业的布局，郑志刚对互联网、新一代信息技术、新能源等新兴行业尤其关注，创办的 C Capital 先后成为蔚来、小鹏、SHEIN 等多家独角兽的背后投资人。这次是谁？