Pre-market trading in US stocks: Nasdaq Exchange experiencing technical difficulties! Tech stocks and Chinese concept stocks are rising, while cryptocurrency-related stocks are falling

U.S. Stock Market News

1. Trading in the U.S. stock market was interrupted pre-market. Bloomberg reported that the Nasdaq stock market is investigating connectivity issues.

2. Hou Yi (nickname: Lao Cai), CEO of Hema, officially retired at the age of 60 and will serve as the Chief Honorary Advisor of Hema in the future. Yan Xiaolei (nickname: Baihe), the current CFO of Hema, will also serve as the CEO.

3. Sources revealed that Apple is in talks to embed Google's Gemini artificial intelligence model into the iPhone. Apple has also recently discussed with OpenAI and is considering using its model.

4. Ford is reportedly developing a compact electric car priced at $25,000, set to be launched by the end of 2026.

5. Musk's AI startup xAI announced the open-sourcing of the Grok-1 hybrid expert model with 314 billion parameters, along with the weights and network architecture of the model.

6. Ant Group is expanding its overseas presence and has signed a cooperation agreement with BCC Bank in Kazakhstan.

Pre-Market Movers

Pre-market in the U.S. stock market, futures of the three major stock indexes showed mixed movements, with the fear index declining.

Bitcoin is currently trading at $67,838, up over 2% in the past 24 hours; Ethereum is trading at $3,561, slightly up within 24 hours.

Before the Nasdaq exchange malfunction, U.S. tech stocks and Chinese concept stocks were generally up pre-market, while cryptocurrency-related stocks were down.

Google rose over 4%, Tesla and NVIDIA rose over 2%, AMD rose over 1%, Meta, Apple, and Amazon saw gains.

XPeng led with a rise of over 6%, Nio rose over 4%, Bilibili, Pinduoduo rose over 2%, Alibaba, JD.com rose, and Li Auto fell over 5%.

Marathon Digital, Microstrategy fell over 2%, Coinbase fell over 1%.

In terms of individual stocks, EHang Intelligent rose over 12% pre-market. In terms of news, today, the world's first domestically developed "flying taxi" EHang EH216-S, which has obtained airworthiness certification, was listed on Taobao with a price tag of 2.39 million yuan.

Strategy Review

1. 12x in 1 year! "AI's Most Magical Stock" AMD to be Included in the S&P Index Today

Once a "small player" in the industry, AMD has now become the preferred server supplier for many companies and government agencies. With the support of NVIDIA's AI chips, AMD's server sales have surged, with the company's revenue expected to double this year, leading ahead of many major competitors.

2. Electric Vehicle Stocks, Just a Dream?

Currently, in the U.S. stock market, only three electric vehicle manufacturers are able to sustain profitability, namely Tesla, BYD, and Li Auto. The total value of these three companies is around $650 billion, but still far from the peak of $1.4 trillion 3. Wall Street's logic in trading US stocks has undergone a significant change! Why?

Is the existence of the "AI bubble" no longer important? Even Wall Street finds it hard to deny that popular tech stocks like Nvidia may still have a lot of room for valuation expansion!

4. Is Tesla's sharp decline really a "buying opportunity"?

CFRA Research stated that Tesla's stock price plunge in 2024 is just a belated rational adjustment, and its price will eventually rebound to $275, meaning the stock will rise by 68% from last Friday's closing price! Why?

5. Pinduoduo, which has fallen by over 20% this year, is expected to rebound by 78% in stock price?

Jefferies believes that to confirm a bull market trend, Pinduoduo's GMV and expense ratio (or transaction costs) growth must exceed expectations. At the same time, analysts also hope to see faster-than-expected profitability and more controlled marketing expenses