On Monday Eastern Time, the three major US stock indexes collectively closed higher, with the Nasdaq up 0.82%, the S&P 500 up 0.63%, and the Dow up 0.2%. Large tech stocks generally rose, with Tesla rising over 6%. The company is raising the price of Model Y in some parts of Europe. Google rose over 4%, and Apple is negotiating to integrate Google's Gemini artificial intelligence engine into the iPhone. Meta and Netflix rose by over 2%, while Amazon, Microsoft, Apple, and Nvidia saw slight gains.
Popular Chinese concept stocks have fluctuated, with Futu Holdings up over 5%, Pinduoduo up over 4%, Xiaopeng Motors and JD.com up over 1%, and Baidu, Bilibili, Tencent Music, and Alibaba slightly rising. Ideal Automobile fell more than 12%, Weibo fell more than 4%, NetEase fell more than 1%, and iQiyi, NIO, and Vipshop slightly declined.
Global News
Trump's sudden big news! If we return to the White House, we will impose 100% tariffs on cars produced outside the United States
On March 16th local time, former US President Donald Trump warned that if he fails to win the November US presidential election, it will be a "massacre" of the US economy. Meanwhile, Trump also threatened to impose 100% tariffs on cars produced outside the United States if he returns to the White House. Wall Street has already anticipated Trump's tariff warning, and Barclays Bank predicts in its latest report that if Trump wins the presidential election and imposes a high 20% tariff on European automakers, the euro/dollar exchange rate may fall back to parity. In addition, the Chief Investment Officer of Blackley Financial Group in the United States, Bukewal, warned that imposing a 60% tariff on any country would be an economic disaster.
Putin wins the Russian presidential election! His latest statement: Continue to promote national development in the new term
According to Xinhua News Agency, according to data released by the Central Election Commission of Russia in the early hours of local time on the 18th, out of 85% of the votes counted in the Russian presidential election, current President Putin led other candidates significantly with a vote share of 87.19%, and has actually won the presidential election. Putin delivered a speech at the campaign headquarters in the early hours of the 18th, thanking all voters for their support. He stated that Russia is a big family, and the results of this election reflect the trust and expectations of voters. All tasks of the country will be completed. Russia will further develop and become more solid, powerful, and efficient.
Super Week's alarm: What should the Federal Reserve and the Bank of Japan all "release eagles"?
For investors in global financial markets, as the Bank of Japan and the Federal Reserve announce their March interest rate resolutions in the coming days, this week will undoubtedly be a true central bank super week. As this super week approaches, the biggest concern in the current market is undoubtedly: what will happen to the cross asset market if the central banks of the United States and Japan simultaneously release their hawks? This is not a small probability event - Tuesday's decision by the Bank of Japan has been seen by many industry insiders as a "nuclear level" event that is more important than the Federal Reserve's interest rate meeting, because according to the revelations from Japanese media and bets in the interest rate swap market, this once the most loyal player of the "global negative interest rate experiment" is likely to announce the end of negative interest rates this week.
The heavyweight conference of "Global AI Vanguard" is coming! The Global Game Developers Conference and Nvidia GPU Technology Conference will be held
The heavyweight conference of "Global AI Wind Vane" is about to be held. The 2024 Global Game Developers Conference (GDC) and Nvidia GPU Technology Conference (GTC) will be held on March 18, and the market has more expectations for the domestic A-share market's "artificial intelligence+". In fact, during the period from February 6th to March 15th, optimism about the prospects of artificial intelligence in China continued to ferment, and A-share computer, electronics, communication and other sectors have significantly outperformed the market and the Philadelphia Semiconductor Index in the United States.
Is oil prices returning to the center of the stage? This summer oil prices may scare everyone!
The price of crude oil is slowly climbing this year, reaching its highest level since November last year. This upward trend is driven by both OPEC+production cuts and the impact of this year's supply and demand mismatch expectations. The global benchmark Brent crude oil rose by 4% last week and is currently priced around $85 per barrel, while WTI crude oil is quoted at $81 per barrel. Analysts predict that the import demand from China, the largest importer, remains unstable, and continued inflation in the United States could potentially suppress international oil prices. On the other hand, geopolitical risks are constantly intensifying, providing impetus for the rise of crude oil prices.
Company News
Musk's Action Counterattacks Open Source's Top Model Pressure on OpenAI
It seems that Musk made a completely different choice from Altman to demonstrate his unwavering commitment to open source AI models. On March 17th, Musk announced the open-source Grok-1, making it the largest open-source large language model with the largest number of parameters currently available, with 314 billion parameters, far exceeding the 175 billion of OpenAI GPT-3.5. Interestingly, Grok-1 announced that its open source cover image will be generated by Midjournal, making it an "AI help AI".
TSMC reportedly considers building advanced packaging capacity in Japan to export CoWoS technology for the first time
According to two insiders, TSMC is considering establishing advanced packaging capacity in Japan, which will add some momentum to Japan's efforts to revive its semiconductor industry. According to an insider, TSMC is considering introducing its wafer based chip (CoWoS) packaging technology to Japan as an option.
Is Tesla's sharp decline a good opportunity for bottom hunting? Another bullish support: it can still rise by another 68%!
Garrett Nelson, Vice President of CFRA Research, a market research firm, recently stated that Tesla's stock price crash in 2024 is just a delayed adjustment, and its price will eventually rebound to $275. This prediction means that the stock is up 68% from last Friday's close. He said that although the company's stock price has fallen by about 35% since the beginning of this year, this pullback is reasonable after the stock price doubled in 2023. Nelson said that looking ahead, there are many catalysts that are expected to drive stock prices to rebound. The most important thing is that it is expected to benefit from the difficulties in the electric vehicle industry, which should once again make Tesla the focus.
Fully shift towards generative AI! Apple launches a 30 billion parameter multimodal large model
Compared to large technology stocks such as Nvidia and Microsoft, Apple's performance this year has been disappointing, with its stock price falling more than 10% this year and losing its position as the world's most valuable company. The reason behind it is simple: Apple fell behind in this artificial intelligence (AI) competition. In order to get out of the predicament, Apple has recently abandoned its car making project and is fully transitioning to the field of generative AI, and soon has made new moves.
Can Nvidia's surge in volatility and bearish positions be restarted at the GTC conference?
Nvidia will hold the 2024 GTC Conference from March 18th to 21st, releasing the latest breakthrough achievements in the fields of accelerated computing, generative AI, and humanoid robots. This meeting is the first time in five years that the GTC conference has returned offline. Nvidia CEO Huang Renxun will give a speech on the theme of "1 # AI Conference for Developers". However, prior to the conference, Nvidia's stock had recently become one of the most shorted stocks, with volatility doubling to the beginning of the year, the highest among the Magnificent Seven in the US stock market. But the market expects that the GTC conference will end the recent turmoil and help Nvidia start a new round of gains.