Night session surged, what are the highlights of TSMC's financial report? Can TikTok welcome a turnaround? | Review of today's important news

0116 Dolphin's Key Focus:

🐬 Macro/Industry

1. The U.S. CPI released last night rose by 0.4% month-on-month, with the 12-month inflation rate reaching 2.9%. More notably, the core CPI has fallen for the first time in months, sparking optimism in the market and enhancing expectations for the Federal Reserve to implement interest rate cuts in 2025. Against this backdrop, global markets are experiencing an upward trend.

2. There are reports that the implementation details for new purchase subsidies in the automotive sector and other areas will be announced this Friday. This corresponds to information mentioned at a recent press conference held by the State Council Information Office, stating that the Ministry of Commerce will successively issue implementation details for the 2025 enhanced support for new purchases in automobiles, home appliances, home decoration, electric bicycles, and digital products such as mobile phones this week. The market has already begun to trade with certain expectations.

3. As the effective date of the TikTok ban approaches, overseas users have been flooding into Xiaohongshu, keeping related concepts active. Today, CCTV news reported that the U.S. government is considering allowing TikTok to continue operating in the U.S. Donald Trump, who has over 1.4 million followers on TikTok and will be inaugurated as President of the United States on January 20, is reportedly also considering issuing an executive order to suspend the TikTok ban for 60 to 90 days after taking office.

🐬 Individual Stocks

1. $Taiwan Semiconductor(TSM.US)

Taiwan Semiconductor announced its Q4 2024 results, which met expectations with revenue of NT$868.461 billion, a year-on-year increase of 38.8%; net profit was NT$374.68 billion, a year-on-year increase of 57%. Dolphin has already analyzed in the afternoon quick read that this is mainly due to the shipment of new Apple devices this quarter and the continued demand for computing chips, which has driven both the volume and price of the company's chip products this quarter. Even ASML rose over 4% in after-hours trading, driven by TSMC's spending guidance. Dolphin will provide a more detailed analysis of the earnings report tonight, so stay tuned.

2. $Wolfspeed(WOLF.US)

Wolfspeed surged nearly 40% last night, as the company successfully completed an on-market stock issuance plan, raising approximately $200 million in total proceeds. The net proceeds from this sale are aimed at improving Wolfspeed's capital structure, reducing its leverage, and addressing outstanding maturing debts on its balance sheet3、 $NVIDIA(NVDA.US)

According to reports, NVIDIA may launch a new CPO switch at the GTC (GPU Technology Conference) scheduled for March 2025. This CPO switch is currently in the trial production stage, and if progress goes smoothly, mass production could be achieved as early as August this year.

🐬 Leading Sectors

Shanghai and Shenzhen: Clothing retailers, road passenger transport, aluminum;

Hong Kong Stocks: Managed healthcare, consumer electronics, data processing and outsourcing services;

U.S. Stocks: Automobile manufacturers, real estate services, tires and rubber.

🐬 Attention for Tomorrow

1、 U.S. retail sales month-on-month, U.S. import price index month-on-month, U.S. business inventories month-on-month.

The risk disclosure and statement of this article: Dolphin Investment Research Disclaimer and General Disclosure