Breakfast | Tesla's well-known long-term investor cuts holdings in half, while Einhorn shorts Super Micro Computer

At the close, the Dow rose by 0.02%, hitting a new high for the second consecutive day; the Nasdaq rose by 0.16%; the S&P 500 Index rose by 0.16%. NVIDIA rose by over 1%. The Nasdaq China Golden Dragon Index closed up by 0.4%, XPeng rose by 6.6%, JD.com rose by over 2%, and Ctrip rose by 8.5%.

Market Value Focuses on NVIDIA's Financial Report After Wednesday's U.S. Stock Market Close

Investors are focusing on NVIDIA's financial report after Wednesday's U.S. stock market close. NVIDIA has become a key indicator in the technology and AI sectors, measuring the health of the AI industry. Morgan Stanley stated that for NVIDIA, alleviating concerns about the delay in Blackwell is more important than raising revenue expectations. NVIDIA's stock price has risen by approximately 160% since the beginning of this year and by a staggering 1000% since the bear market low in October 2022. Options market prices suggest that NVIDIA's stock price may experience a nearly 10% fluctuation the day after the financial report is released.

The market currently expects NVIDIA's second-quarter revenue to increase by about 112% year-on-year, reaching $28.68 billion; earnings per share are expected to be $0.60, a 141.49% increase. However, due to increased production costs resulting from demand growth, its adjusted gross margin is expected to decrease by over 3 percentage points, from 78.8% in the previous quarter to 75.8%.

In the second quarter, NVIDIA's most important data center business is expected to generate $24 billion in revenue, a 142% increase from $10.3 billion in the same period last year.

However, it is worth noting that the growth in data centers may be lower than the 426% revenue growth in the previous quarter and the 408% in the fourth quarter of last year.

Prominent Long-Term Tesla Investor Cuts Holdings in Half

Long-term Tesla investor Ross Gerber stated that he has sold about half of his Tesla holdings because he believes the market is no longer as interested in Tesla's cars or robots.

Since Tesla CEO Musk's acquisition of Twitter in 2022, Gerber has been openly critical of Musk. In a recent interview with Yahoo Finance, he revealed that he has sold approximately $60 million worth of Tesla stock, but the investment fund he manages still holds $50 million worth of Tesla shares.

Super Micro Computer Plunges Over 8% in Overnight Trading, Short-Selling Firm Xingdengbao Goes Short

Xingdengbao released a short-selling report, stating that after a three-month investigation, including interviews with former senior employees and industry experts, reviewing litigation records, international company and customs records, they found significant accounting issues, undisclosed evidence of related transactions, sanctions and export control errors, and customer issues.

Investors Sell Cryptocurrencies This Morning, Bitcoin Falls Over 6%, Ethereum Falls Over 7%

In early Asia-Pacific trading on Wednesday, Bitcoin (spot) fell by over 6%, trading at $58,066 per coin. Ethereum dropped by over 7.2%, trading at $2,395.

On September 10th, Trump and Harris to Debate on TV

Trump confirmed his attendance at the debate with Harris hosted by ABC News on September 10th. Trump stated that the rules will be the same as the last debate. Trump mentioned on social media that the rules for the September 10th debate will be the same as the last CNN debate, with no notes or "cheat sheets" allowed, and neither side will receive questions in advance

US Consumer Confidence Index in August Reaches Six-Month High

The US Consumer Confidence Index rose to 103.38 in August, reaching a six-month high, exceeding the expected 100.7. Analysts say that consumers are more optimistic about the economy and inflation, but at the same time more pessimistic about the future labor market. In addition, June's housing price data shows that the price increase in major US cities exceeded expectations. However, in July, the Richmond Fed's composite manufacturing index fell to -19, worsening from the previous month's -17. After the data was released, expectations for a rate cut slightly increased. The US dollar index declined, reversing Monday's gains, benefiting G10 currencies. US bond yields declined, with the yield curve steepening