AI trading is more selective! Arm's performance exceeded expectations but still plummeted 8% after hours, with smartphone supply chain and memory constraints becoming the focusUnderstanding the Market | Overnight AMD Plummets Affecting Chip Stocks, Hua Hong Semiconductor Falls Over 5%, GIGADEVICE Falls Over 4%Google (Trans): Expects compute capacity supply to remain constrained for the full year (energy, land, supply chain).Overnight, momentum stocks in the US stock market collapsed! The severity exceeded that of the "DeepSeek Impact"Goldman Sachs: Competition in Consumer AI Upgrades, Alibaba and Tencent Expected to be the Best Positioned Internet GiantsUnderstanding the Market | Gold stocks decline again as international gold market volatility intensifies; institutions claim the fundamental logic of precious metals has not changedSell first, ask later! Has the "software panic theory" gone too far? Wall Street always overestimates the capabilities of tech companiesThis year has earned $24 billion! Hedge funds are aggressively shorting software stocksGOOGL: The Giant Doubles Down on AIDeutsche Bank warns of "tech self-cannibalization"! Aside from Google, the AI bubble has actually burst long agoQualcomm conference call: AI data centers "sucking dry" DRAM capacity, memory shortages will determine this year's smartphone market sizeTesla fell over 3%, with a market value evaporating by 410 billion yuan overnight! Musk's net worth approaches 6 trillion yuanIf AI crushes software, why is "AI leader" NVIDIA dragged down by software stocks?Software stocks are "entering winter" while Apple remains "evergreen"! Its market value rises against the trend, surpassing $4 trillion, becoming a safe haven amid AI replacement fearsConfronting calls for interest rate cuts from the White House? Federal Reserve's Cook: Defending inflation credibility is a top priorityGoogle's AI monetization slows down, concerns over "burning money": Gemini drives Q4 cloud revenue exceeding expectations, this year's capital expenditure guidance doubles to $180 billionElon Musk and LinkedIn founder Hoffman exchanged barbs over the "Epstein scandal": At least I didn't go, but you didThe Hang Seng Index opened down 0.82%, and the Hang Seng Tech Index fell 1.31%Trump: If Walsh dares to raise interest rates, he won't be nominated; he knows I want to lower interest ratesQCOM: Memory Crunch Deepens; Smartphone Stocks at Risk?Google conference call: $185 billion in spending "must be spent," confirms collaboration with Apple, Gemini is not the "terminator" of SaaSThe largest decline since April last year, the Nasdaq experiences "two consecutive drops": software "on fire," chips "suffering," technology "plummeting"Baidu approved a stock repurchase plan of up to $5 billion, expecting to announce the distribution of dividends in 2026Software stocks have collapsed, and no one "dares to catch the falling knife."Baidu: Common Stock Adopts Dividend Policy for the First TimeTSMC reportedly plans to invest $17 billion to mass produce 3-nanometer chips at its factory in JapanTrump stated that he will not intervene in the bidding war between Netflix and Paramount for Warner BrosQualcomm's revenue hits a record high, but the earnings outlook is lukewarm, indicating unstable demand for mobile chips, with after-hours stock price dropping nearly 10% | Earnings Report InsightsBreakfast | Mixed U.S. macro data, three major indices show mixed performanceGoogle All in AI: Q4 cloud revenue surged 48%, this year's spending guidance nearly doubled and greatly exceeded expectations, causing a huge shock after hours | Earnings Report InsightsThe U.S. Treasury Secretary stated that the President has the authority to "intervene" in the Federal Reserve and has always supported a strong dollar policyMeta's next-generation AI model Avocado has completed pre-training, internally referred to as the "most powerful" foundational modelOvernight news on February 5: AMD plummets, dragging the Nasdaq lower; Chinese concept stocks decline; US-Iran negotiations change; oil prices rise and gold prices fluctuate; Google's annual revenue exceeds $400 billionReminder: Please pay close attention to the following (all times are in Beijing time)Overnight U.S. Stocks | S&P 500 Index Falls for Two Consecutive Days, AMD Plummets Over 17%, Bitcoin Once Dropped Below $72,000Besant Hearing "Mars Four Stars": Denies that tariffs cause inflation, reiterates strong dollar, holds the Federal Reserve accountable, and is criticized as a Trump lackeyTop 20 U.S. stock trading volumes on February 5: AMD plummeted 17.31%, weak earnings outlook led to its declineGoogle's revenue will exceed 400 billion in 2025, with cloud business becoming the core growth engineFebruary 5 closing: S&P index falls for two consecutive days, AMD drags down NasdaqAlphabet, Google's parent company, reported fourth-quarter revenue of $113.83 billion, exceeding analysts' expectations of $111.4 billion. Google Cloud revenue was $17.66 billion, above the expected $16.2 billionThe worst since 2017! AMD plummets 17%, is the earnings report guidance the culprit?The sharp decline in tech stocks spreads, storage chip giants face a "collective stampede"! Sandisk drops over 10% during tradingNVIDIA is caught in a software stock sell-off, with its stock price falling for four consecutive days, but one analyst claims this is unreasonableAMD's stock price plummets, disappointing investors with its earnings reportSummary of Key Points from U.S. Treasury Secretary Yellen's House HearingThe worst since 2018! AMD dropped 17% during the session, is the earnings report guidance the culprit?Uber（纪要）: 3P 模式才会是无人网约车的最终赢家