一季度美股盈利继续趋弱，但超预期公司数占比抬升

AI 顺风助力英伟达，英国通胀比欧美更严重，美联储决策更依赖数据——宏观脱水 0525

XPENG-W falls 6%, JD falls 1.4%, BILIBILI-W, Li Auto, NIO-SW, Alibaba fall about 1%, CLOUD MUSIC rises 1.6%. Snowflake falls 15%, NVIDIA soars 27%, AMD rises over 9%, TSMC rises over 6%, Lam Research rises over 2%, Philadelphia Semiconductor Index surges nearly 5%.

Pre-market of US stocks | NVIDIA soars 27%! Roblox executive reduces holdings of own stocks, Fitch may downgrade US sovereign credit rating.

网易一季度营收达 250 亿元，其中游戏及相关增值服务净收入达 201 亿元，同比环比双双增长，称已利用 AI 等自研技术，实现数字内容生产关键环节提效 90%。

游戏收入助力营收，网易 Q1 净利润同比涨超 53% 超预期｜财报见闻

Any agreement is better than no agreement.

What? Even reaching a debt ceiling agreement may not be good news for US stocks!

Jefferies has raised Microsoft's target price from $350 to $400, a 14% increase, on the grounds that although Amazon won the &quot;first round&quot; of the cloud computing war, Microsoft has the right tools for the booming AI industry and is expected to win the &quot;second round&quot; of the cloud computing war.

Big Move Alert | Nvidia's target price doubles to $500! Does JD.com's Hong Kong stock have room to double too?

长城给了比亚迪一记闷棍

研发为底、生态为径、AI 为翼。

英伟达是如何成长为 AI“算力之王” 的？

CLOUD MUSIC's net profit after adjustment in the first quarter was RMB 7.6 billion, greatly exceeding the market's expectation of RMB 5.697 billion. As for the AI trend that the market is most concerned about, CLOUD MUSIC stated that it is still continuing to research and develop key self-developed technologies such as AI large models in the first quarter, with a research and development investment of RMB 3.7 billion, accounting for 15% of revenue.

Financial Report is Out | CLOUD MUSIC's Q1 Net Profit Greatly Exceeds Expectations! Gaming Revenue Increases Both MoM and YoY

MEITUAN-W's Q1 revenue was RMB 58.62 billion, up from RMB 46.27 billion in the same period last year, and market expectations were RMB 56.481 billion. Adjusted net profit for the first quarter was RMB 5.5 billion, compared to a loss of nearly RMB 3.6 billion in the same period last year, reaching a historic high.

Earnings Report is Out | MEITUAN-W's Adjusted Net Profit in Q1 Reaches Record High, Revenue Significantly Exceeds Market Expectations

蔚来、小鹏 9% 跌幅居前，京东、携程、哔哩哔哩、腾讯跌超 3%，阿里跌 2.96%。

恒指跌近 2%，比亚迪、长城汽车股价双双跳水，传媒尾盘飘红

美团第一季度营收 586.2 亿元人民币，同比增长 26.7%，实现净利润 33.6 亿元人民币，市场预估亏损 2.104 亿元人民币，同比环比皆实现扭亏。

消费复苏显著！美团 Q1 营收大增 26.7%，净利润 33.6 亿同比环比皆扭亏 | 财报见闻

网易有道 2023 年 Q1 净亏损 2.04 亿元，上年同期净亏损 1.015 亿元，市场预期净亏损 2.27 亿元。

In the first quarter, the stocks that hedge funds bought the most were National Instruments (NATI), Walmart, GE Healthcare, Honeywell, Norfolk Southern, Estée Lauder, and Pfizer.

Increasing healthcare holdings, selling technology stocks! An article analyzing hedge funds' $2.2 trillion positions.

&quot;In Hong Kong, MEITUAN-W cannot rely solely on price.&quot; Price wars are a Pandora's box. Once opened, competition will become a simple cash flow game, and the scale of Foodpanda and Deliveroo is clearly incomparable to that of MEITUAN-W. MEITUAN-W's entry into the Hong Kong market may have another layer of meaning - a practical exercise in going global in Hong Kong.

MEITUAN-W enters "Hong Kong", no new story

中信证券表示，汽车消费淡季已过，期待上海车展亮相车型 5、6 月份发布、交付进一步刺激消费需求。

车企龙头 “撕破脸皮”，股价双双大跌，到底咋回事儿？

CICC is not pessimistic about the prospects of US stocks! In the short term, if there are issues with banks and debt ceiling upgrades, risk appetite will be under pressure; in the medium term, if monetary shift is to be achieved at the cost of profit decline, the NASDAQ Composite Index may have better returns.

CICC: US stocks temporarily avoid sharpness in the short term, and turn to growth stocks after the mid-term recession trade is realized!

Although Microsoft has been approved in various countries, it has not yet convinced the Competition and Markets Authority (CMA) in the UK and the Federal Trade Commission (FTC) in the United States.

More countries approve Microsoft's acquisition of Activision Blizzard! Wall Street should be more optimistic

英伟达 CFO Colette Kress 在财报电话会议上表示，渠道商库存调整应该已经结束。公司数据中心产品需求能见度拉长了几个季度，成长动力来自多个方面，云计算服务供应商、消费者网络公司以及企业客户都希望尽快将生成式 AI 套用到业务上。另外，公司 CEO 黄仁勋表示，大型数据中心运营商正重新调整运算基础设施，以迎接 AI 提供的机会。

英伟达：数据中心产品需求能见度已拉长几个季度

Zheshang Securities believes that MEITUAN-W's current strategy of &quot;prioritizing market share&quot; is very correct, and there are still two areas of super expectations in the future: 1. The growth space and profitability of takeaway and flash purchase are beyond expectations. We are optimistic about the competitiveness of MEITUAN-W flash purchase in the trillion-dollar instant retail market; 2. The recovery of in-store business and the easing of competitive margins.

Prospect | MEITUAN-W's first-quarter takeaway profits may exceed expectations! The "Douyin quick battle" is slowing down, and the recovery of in-store services is accelerating.

After the financial report was released, JPMorgan Chase raised its target price for Nvidia from $250 to $500.

NVIDIA leads the AI wave, with stock prices reaching historic highs!

比亚迪方称长城汽车送检流程不符合国标要求，不能作为依据，长城汽车则称 “以声明信息为准”，另比亚迪宋 Pro DM-i 冠军版原定于今日上市。

股价双双跳水！长城举报了比亚迪，车市又见” 激战 “

根据英国汽车制造商和交易商协会公布的新车注册数据，特斯拉今年 4 月份在英国的新车注册量同比增长 1436.4%，从去年同期的 118 辆增至 1813 辆。特斯拉在英国的市场份额也从去年的仅 0.1% 升至上个月的 1.36%。英国 4 月份新车注册总量为 132990 辆，同比增长 9.9%，其中纯电动汽车注册量飙升 59.1%，达到 20522 辆。

特斯拉 4 月英国销量同比飙升近 15 倍

On Wednesday, the overall US stock market fell, with Nvidia call transactions accounting for 54.4% of the total. Nu option trading increased by 9 times, with put transactions accounting for 97.5%. Alibaba option trading nearly doubled compared to the daily average; NIO-SW fell more than 9%, and Xiaopeng fell more than 5%, with option trading surging.

US Stock Options | Xiaopeng and NIO options trading volume increased by about three times, Apple and Amazon Call trading remained active.

芯片巨头英伟达给出的超预期的营收指引可能会令其创下美国上市公司市值单日涨幅的纪录。

Q2 营收指引大超预期 英伟达或创下美股市值单日涨幅纪录

投行杰富瑞表示，将英伟达目标价从 300 美元上调至 472 美元。

摩根大通：将富途控股目标价从 46 美元下调至 43 美元。

股息率是今年欧美股市表现最差的投资因子之一。“股息贵族股” 在过去一年的表现不佳，头部公司股票回报仅为大盘的一半。

衰退阴霾压顶，高分红的价值股也留不住欧美投资者

闲鱼不追求绝对的商业化利润，更希望通过提供增值服务来探索商业化路径。用户增长规模和活跃数，是闲鱼团队未来三年最重要的指标。

喊着 “上闲鱼能赚钱”，闲鱼自己如何赚钱？

近日，在脉脉社区，多名加 V 认证的 58 同城员工表示，58 同城开始裁员，裁员比例约 30%-50%。而一个月前，北京五八信息技术有限公司新增了两条被强制执行的信息。早在 2022 年 10 月，创始人姚劲波在季度管理沟通会上发表了《致全体同学的一封信》，他在信中提到，2023 年 58 同城的所有业务、在所有城市都要盈利。姚劲波提到 58 同城内部很多部门 “极致地谈判、极致地压缩成本”，这些坚决的决策让公司避免了财务报表更难看。当时，有人解读称，这意味着 “如果财务报表不好看那就继续裁员，直到财务报表好看了为止”。

58 同城开始裁员，裁员比例约 30%-50%

One night surge of 1.3 AMD, 2 Intel, and 3 Micron Tech! Nvidia is just one step away from a trillion-dollar market value! The company is at the absolute core of the AI technology transformation, which is why Nvidia is bullish.

AI chip sales exploded, with a 30% surge in after-hours trading! Nvidia's performance, guidance, and stock price are all "exploding".

恐慌情绪弥漫至几乎所有市场，Pimco 分析师表示：“提高债务上限就像排出肾结石——我们知道它会通过，问题只是会有多痛苦。”

终于，市场开始 “紧张” 美国违约了吗？

摩根大通将投资超过 2 亿美元，从几家初创公司购买 80 万吨的碳减排信用额度，这是该新兴行业有史以来规模第二大的购买，将抵消大约 16 万辆乘用车的年排放量。

华尔街环保先锋——摩根大通大举押注碳减排

杰富瑞分析师 Brent Thill 将微软目标价从 350 美元上调至 400 美元，指出尽管亚马逊在云计算大战 “第一轮” 中获胜，但随着 AI 逐渐占据中心地位，微软有望赢得 “第二轮” 云计算大战。

分析师上调微软目标价：AI 将帮助微软云业务击败亚马逊

由于近期生成式 AI 相关发展快速，加速了对 AI 芯片的需求，使得英伟达在第二季销量增加了 64%，CEO 黄仁勋于财报会议中表示，公司正快速扩张产能以因应急速上升的市场需求量。英伟达 (Nvidia) 今天发布了截至 2023 年 4 月 30 日的 2024 财年第一财季财报。英伟达一季度营业收入为 71.

英伟达股价上演史诗级暴涨！

英伟达今年股价表现优于其所属主要指数中的其他股票，使其成为世界第五大上市公司。截至周三收盘，英伟达市值已膨胀至 7550 亿美元。

看图：英伟达今年股价表现优于同类股 市值达英特尔的六倍多

路透上海 5 月 25 日 - 香港股市周四早盘急泻，延续近期颓势，美债危机阴云重挫风险情绪。

香港股市：恒指急泻 2.1% 至近半年低位，美债危机阴云重挫风险情绪

以 AI 为主题的 ETF 的诞生，表明人工智能技术正从小众技术进入主流。

最火的风口！最 “纯” 的 “生成式 AI” ETF 来了

港股科技股延续跌势，哔哩哔哩跌近 4%，腾讯控股跌超 3%，舜宇光学科技跌近 3%，百度、中芯国际跌近 2%。

港股航空股连跌三日，美兰空港跌超 7%，中国南方航空股份、中国国航、中国东方航空股份跌约 2%，国泰航空跌近 1.5%。

宏信建发上市首日破发，开跌近 28%，股价报每股 3.26 港元，IPO 发行价为每股 4.52 港元。

港股开盘，恒指跌 0.97%，跌破 19000 点关口，恒生科技指数跌 0.76%。小鹏汽车绩后跌约 4%，Q1 营收同比下滑 45.9%。

英伟达朝着美股第七家市值超过万亿美元的公司再进一步。

英伟达 “震撼”，AI 股全线起飞，“爆涨” 3000 亿美元！

Netflix 加强打撃用户共用帐户，近日通知香港及台湾用户，若帐户拥有人想将帐户分享给同住者以外的人，须购买额外成员名额，每人每月多付 28 元。目前本港 Netflix 收费级别分为基本、标准及高级方案，每月月费分别为 63 元、78 元及 93 元，当中只有标准及高级方案可新增最多 1 名及 2 名「额外成员名额」。

Netflix 港台打击共享账户 非同住者每月额外收费 28 元

瑞银董事长 Colm Kelleher 补充称，在利率高企和通胀仍未显著回落的情况下，许多银行可能会减少放贷。

瑞银董事长：银行业系统性危机已经结束

The S&amp;P 500 fell for two consecutive days, and the Dow Jones fell for four consecutive days. JD.com fell more than 3%, Alibaba fell 2%, and NIO-SW fell more than 9%. Nvidia soared nearly 30% after hours, with explosive performance in the first quarter and revenue guidance for the second quarter increasing instead of decreasing. Stimulated by this, Nasdaq futures opened 1.6% higher in early trading. Apple's upcoming iOS 17 may turn the company into a smart display. Meta is cutting about 6,000 jobs. iQiyi is exploring a secondary listing in Hong Kong. Zhang Yiming has established a personal investment fund in Hong Kong.

Breakfast | Fed officials have different opinions on whether to pause rate hikes in June, Nvidia sparks AI concept stock frenzy.

Noom 之前通过 AI、真人教练以及基于临床验证的生理学、心理学手段帮助人们达到理想的体重，这次赶上了用 GLP-1 减肥药的潮流。其医学主管称，加入一些处方药后，效果要好得多。

心理学减肥拥趸 Noom 转型，纳入处方药配合瘦身

有 CEO 表示，“现在遇到的情况可能是有史以来未见过的情况。” 高盛 CEO 表示，通胀将持续存在，“浅” 衰退可能即将到来。但从金属行业到物流业和华尔街的首席执行官们表示，如果出现经济衰退，情况将与以往不同。

美国经济接下来怎么走？这是顶级公司 CEO 们的看法

据彭博新闻报导，中国视频网站爱奇艺正再次考虑在香港进行第二上市，与此同时，该公司有望扭转连年亏损的局面。

MEDIA-中国爱奇艺再次考虑在香港第二上市的计划 -- 彭博新闻

Facebook 母公司 Meta 周三开始实施最后一轮裁员，预计有约 6000 人受影响

Meta 开始实施最后一轮裁员 约 6000 人受影响

爱奇艺 CEO 龚宇表示，爱奇艺目前正在为在香港二次上市制定 “技术细节”。但没有透露详细的时间表。