小米汽车发布了新款车型 SU7，外观和性价比受到了市场的好评。然而，申万宏源证券分析师认为，除了外观设计，小米汽车在其他配置方面的竞争力仍需观察。汽车行业供应链复杂，调整产能规划和稳定交付也是小米面临的挑战。竞争对手纷纷降价，使得小米汽车面临更加激烈的竞争。小米汽车初期表现吸引力强，但由于缺乏历史销售数据支撑，销量预测存在不确定性。产品竞争力、交付能力、量产品控、服务和市场舆论管理能力等方面需要综合考虑。小米汽车的基础版本与竞争对手相比没有明显优势，特别是充电方案可能成为短板。发布会上介绍的有趣配置主要集中在高配版本上，中低配版本相对简单。

申万宏源 “泼冷水”：小米 SU7 除了外观是绝对加分项外，其他配置等竞争力仍需观察

内存计算可能成为提高人工智能（AI）能源效率的新技术，以应对 AI 高耗能所引发的经济和环境问题。AI 行业的电量消耗预计将在未来几年大幅增加，而 AI 所需的大量数据传输过程需要消耗大量电力。因此，研究人员一直致力于开发能够在存储数据的地方处理数据的芯片，即内存计算。虽然内存计算目前仍面临技术挑战，但这一技术的应用可能会带来巨大回报。

AI 化身 “吞电巨兽” 内存计算或成省电新招

TSMC fell by 1.3%, with some factories being evacuated. Analysis predicts an impact of approximately $60 million on the company's second-quarter financial forecast

After the strongest earthquake in 25 years in Taiwan, the Taiwan stock market fell, with TSMC's Zhunan plant partially shut down due to the earthquake. Both the Japanese and South Korean stock markets fell by 1%

“长得怎么样”“想不想买”“什么时候可以买”“像不像保时捷”？也有人认为，苹果放弃了 “Apple Car” 的构想，而小米代替苹果打造了一个智能手机和电动汽车相结合的生态系统，站在竞争对手的角度来说，简直无懈可击。 

海外网友眼中的小米 SU7：超前、想买和 “像保时捷”

TSMC fell by about 2% in after-hours trading, Nvidia dropped by over 1%, and other semiconductor stocks also saw slight declines

Night Trading | Breaking News! Semiconductor stock prices fall

摩根大通通过发表报告表示，汇丰控股完成出售加拿大业务，预计将获得 49 亿美元的出售收益，并计划派发特别股息 21 美仙。摩根大通预测汇丰控股股价短期内将保持坚挺，但如果汇丰控股未增加回购规模，股价可能会暂时下跌。摩根大通认为香港商业房地产风险将对估值造成拖累，对汇丰控股的前景看好，但并不看好香港本地银行。以上是摩根大通对汇丰控股的分析和预测。

摩根大通：汇丰控股完成出售加拿大业务正面 料股价短期坚挺

海外基金积极加仓中国互联网企业，富达基金 - 中国焦点基金加仓阿里幅度达 100%。Driehaus Capital Management 旗下基金也建仓阿里巴巴。阿里巴巴在过去一个财年以 6.5% 的股东总收益率，领先于所有市值超 200 亿美元的大型互联网中概股同行。

“动量投资之父” 旗下基金建仓阿里巴巴，富达旗下基金增持阿里幅度达 100%

Some people believe that Elon Musk, who holds multiple positions, has not devoted enough attention to Tesla. His extreme remarks on social media have damaged Tesla's brand image

Tesla delivers a "Waterloo", besides sluggish demand, does Musk have to bear the biggest blame?

Goldman Sachs pointed out that although AI is not yet widespread, data shows that AI can significantly improve productivity. Both academic research and corporate cases have shown that adopting AI can increase labor productivity by an average of 25%

Goldman Sachs: Less than 5% of companies use AI in the first year after the "AI revolution", but early adopters see significant efficiency gains

After the Bitcoin spot ETF, the enhanced version has also arrived

Specializing in Bitcoin volatility! Bitcoin leveraged and short ETFs are here

小米汽车开启首批交付，雷军宣布小米正式成为一家车厂。小米 SU7 在全国 28 城交付中心同步开启首批交付。小米汽车售后网络已设立 58 个服务中心，为车主提供一站式服务。小米汽车工厂具备高度自动化、智能化特点，每 76 秒下线一台小米 SU7。工厂正在全力提高产能，保障用户交付体验。

小米汽车开启首批交付 雷军宣布：小米正式成为一家车厂！

美股估值已然太高，美债收益率上升又将带来考验。美国股市创纪录新高，但股票估值也在上升，而美国公债收益率最近几周加速上涨。一些投资者担心股市可能因为估值过高而更显脆弱。收益率上升还会提高公债相对于股票的吸引力。这种趋势令人不安，因为近年来收益率上升多次为股市倾覆推波助澜。投资者对美联储的降息预期也存在疑虑，强劲的经济数据让投资者怀疑其能否放松利率。

《分析》美股估值已然太高，美债收益率上升又将带来考验

伊藤忠商事涨幅扩大至 7.1%，为 10 月 10 日以来的最大涨幅。公司将回购价值近 10 亿美元的股票。

摩根士丹利将英飞凌评级上调至增持，目标价 40 欧元。

Despise Google, understand Google, become Google

Perplexity is going to do auction ranking. Is the end of the big model still advertising?

Samsung has recently launched a new type of add-on card called CXL tiered memory hybrid memory module, aiming to increase the memory capacity of servers without the need for locally installed DDR5 memory. This solution runs on the open industry standard CXL, supporting additional RAM and flash memory for remote access. Samsung plans to introduce early versions of 3D DRAM by 2025 and shrink its key dimensions to 8-9nm. This is a pioneering technology by Samsung globally, which is expected to have a significant impact on the server industry

Samsung CXL, a global first, unveils 3D DRAM roadmap

4 月 3 日上午，小米 SU7 首批交付仪式在北京亦庄的小米汽车工厂总装车间举行。对于产能瓶颈问题，小米方面回应证券时报·e 公司记者表示，目前小米汽车工厂全力以赴提高产能，并充分动员供应链伙伴全力保供，稳定推进现有订单的尽快交付、未来订单的有序处理，保障用户的交付体验。

小米方面回应产能问题：全力以赴提高产能，并充分动员供应链伙伴全力保供

台湾地震已在震源周围引发局地海啸，对台湾东部地区造成了一定影响。海啸波高达 45 厘米。自然资源部海啸预警中心将继续跟踪分析地震和海啸监测数据，并及时发布信息。

台湾地震已在震源周围引发局地海啸

China Construction Bank held its 2023 annual performance conference, addressing hot topics such as fee reduction, mortgage situation, and dividend plans. The bank stated that fee reduction is a common pressure faced by the banking industry, but the decrease in agency fees is conducive to the transformation of commercial banks' agency business from price competition to quality competition. China Construction Bank will stabilize fee income growth by leveraging its advantages in comprehensive financial services for corporate clients, consolidating its advantages in retail banking business, and accelerating the construction of asset management business research and development capabilities. The management has formulated specific plans and increased resource allocation and incentive efforts

Bank of China 2023 Performance Conference: Actively and orderly advancing mid-term dividends

台积电表示，为确保人员安全，依公司内部程序部分厂区已进行疏散，工安系统正常；详细情况目前尚待确认。台积电厂房目前部分石英管材破裂，在线晶圆有部分毁损，部分机台已暂停运转做停机检查，避免偏移。依现况预估，将影响工作时数在 6 个小时以内，对台积电第二季财报预测的影响约 6,000 万美金，整体影响有限。

报道：台积电部分厂区进行疏散，预计对公司第二财季影响约 6000 万美金

金十数据 4 月 3 日讯，昨晚茅台年报公布后，有市场猜测，段永平方面已减持茅台股票。今日早间，段永平在社交平台上称：“贵州茅台，我们一股没卖。” 茅台年报显示，两家私募——金汇荣盛三号和瑞丰汇邦三号均在 23Q4 减持部分茅台股票，而这两家私募均被认为与段永平存在关联。

段永平：对贵州茅台一股未卖

Xi Jinping pointed out that this year's Sino-US relations should adhere to several major principles. First, harmony is the most valuable, adhere to the bottom line of non-conflict and non-confrontation, and continuously enhance positive expectations for Sino-US relations. Second, stability is the priority, do not stir up trouble, do not provoke, do not cross the line, and maintain overall stability of Sino-US relations. Third, trust is the foundation, fulfill commitments with actions, and turn the "San Francisco Vision" into reality

Xi Jinping spoke with US President Biden over the phone

据媒体报道称，代工厂广达、仁宝、纬创、英业达、和硕产线及营运目前都正常。广达与仁宝表示办公室有部分柜子翻倒，目前公司及工厂正常营运。纬创及英业达皆表示，营运正常；和硕指出，中国台湾厂区没有问题，产线正常，无人员受伤。中国台湾花莲县海域发生 7.3 级地震。

报道：中国台湾发生 7.3 级地震，芯片代工厂产线营运正常

比特币向上触及 66000 美元/枚，日内涨 0.42%。

美国知名市场分析师 Fundstrat 研究主管汤姆·李预测，基于最新的通胀指标和市场走势，美联储有望在不到两个月内进行今年的首次利率降息。他认为，经济中的通胀正在放缓，一些信号支持了他的观点。然而，市场对此存在不同观点，只有 57% 的投资者预计美联储会在 6 月发起首次降息。不过，美国制造业和就业市场表现强劲，这支持了关于美国经济韧性的观点。

通胀降温预示美联储降息在即？市场观点激烈对峙！

美国半导体产业协会报告指出，2024 年 2 月全球半导体销量同比增长 14.3%。

芯片制造初创公司 Cerebras Systems 选择花旗担任其首次公开募股 (IPO) 的牵头银行。该公司计划在下半年上市，并可能在 IPO 中寻求超过 2021 年融资 40 亿美元的估值。此前，Reddit 和 Astera Labs 成功在美上市，为未来更多公司的 IPO 奠定了基础。Cerebras 在 2021 年的融资中筹集了 2.5 亿美元，估值超过 40 亿美元。

传芯片制造商 Cerebras Systems 选择花旗担任 IPO 主承销商 最早下半年在美上市

港股万国数据涨超 7%，此前宣布进军日本东京市场，将建总 IT 容量 40MW 的数据中心园区。

据澎湃，中国地震台网正式测定：4 月 3 日 7 时 58 分在台湾花莲县海域发生 7.3 级地震，震源深度 12 千米。随后，4 月 3 日 8 时 11 分在台湾花莲县海域发生 6.0 级地震，震源深度 10 千米。4 月 3 日 8 时 35 分在台湾花莲县发生 5.9 级地震，震源深度 10 千米。台当局气象主管部门表示，这是 “921” 地震发生 25 年来最大规模地震。

台气象部门：这是台湾地区自 921 地震发生 25 年来最大规模地震

台湾花莲今早 (3 日) 发生规模 7.2 级地震，台积电表示，有部分厂区进行人员疏散，至於受损情况目前仍在清查当中。台湾晶片重镇竹科各区的电力正常，台积电、联电、友达、旺宏及力积电等在地震发生时已疏散厂内员工，部分机台正常预防性停机，但并无出现异常。

花莲 7.2 级地震 台积电部分厂区进行人员疏散

港股开盘，恒指开跌 0.03%，科指开涨 0.02%。科网股多数上扬，百度涨 2.29%，黄金股持续活跃，灵宝黄金涨近 5%。

Tesla's 2024 got off to a bad start, with a difference of nearly 50,000 vehicles in production and sales data. Inventory data confirms that Tesla may have a serious demand shortage issue. Analysts are alarmed, calling the first-quarter delivery volume an inexplicable disaster

"Thought it would be bad, didn't expect it to be this bad!", Tesla falls from grace

台湾电力公司：台湾核电厂运营正常，台湾电力分配系统已经稳定。

什么才是阿里的核心业务？答案很快呼之欲出：吴泳铭同时兼任 CEO 的淘天和阿里云，以及他提到的第一批四大战略级创新业务 1688、闲鱼、钉钉和夸克都毫无疑问是核心。

变革一年后，阿里赌注抬升

比特币跌破 65000 美元/枚，日内跌 1.14%。

米哈游四大老板，身价飙至 1635 亿。该游戏公司成立不久便有四位顶级富豪，其中蔡浩宇成为了去年国内财富增长第二快的游戏新贵。四人合计身价已达 1635 亿元，但与腾讯、网易等老牌游戏巨头相比，米哈游仍存在差距。

米哈游四大老板，身价飙至 1635 亿

美国平均房价超过 100 万美元的城市数量创下了历史新高，根据房地产网站 Zillow 的一份报告，目前有 550 个城市的典型房屋价值超过七位数，这是有记录以来所谓 “百万美元城市” 数量最多的一次。加州是 “百万美元城市” 最集中的地区，有 210 个城市的平均房价超过 100 万美元。根据 Zillow 的数据，今年 2 月美国中位数房价为 34 万 9216 美元，已经比年初上涨了 4%。

美国 550 城房价超百万美元，创历史纪录

在传出地震报道后，美元/日元小幅走低，东证指数走低。鉴于交易员头寸倾向于做空日元，可能出现下意识的空头回补反应。

雷军发微博称，三年前的豪言壮语，今天变成了现实，我会将一台台崭新的小米 SU7 亲自交到首批车主手上。从今天开始，小米正式成为一家车厂。

雷军：今天会将一台台崭新的小米 SU7 亲自交到首批车主手上

S&P and Dow Jones both fell for two consecutive days. Tesla dropped for the third consecutive day, with quarterly deliveries far below market expectations. Intel's transformation suffered setbacks, with losses in its contract manufacturing business widening. Xi Jinping stated that the US's economic, trade, and technological suppression against China is not about "reducing risks" but creating risks. Boeing secured a contract worth up to USD 559 million from the US Air Force over the next five years. HSBC is reportedly considering selling part of its business in Germany. Huawei plans to distribute dividends to shareholders totaling RMB 77.095 billion

Breakfast | US stocks, bonds, and forex are all down, "Several key principles must be adhered to in Sino-US relations this year"

马斯克公司特斯拉成为奥斯汀地区最大的私人雇主，员工人数去年增长 86%，达到 22777 人。奥斯汀是特斯拉超级工厂的所在地，该公司在这里生产 Model Y 和 Cybertruck。马斯克旗下的 Neuralink 公司在奥斯汀有 300 名员工，而 SpaceX 也在德克萨斯州有大量业务。

马斯克成奥斯汀地区最大私人雇主，坐拥 6000 英亩土地

彭博汇总数据显示，美国投资顾问公司 Driehaus Capital Management 旗下规模 28.9 亿美元的新兴市场成长基金在 2 月份建仓做多中国石油 H 股等八只股票，清仓淡水河谷 ADR 等八只股票。增持台积电、新东方 ADR、金沙中国等 73 只股票，减持拼多多和腾讯控股等 24 只股票。重仓股包括台积电、三星电子、腾讯控股等。

跑赢 94% 同行的 Driehaus 新兴市场基金大手笔买进中石油，出清联想

TotalEnergies SE(TTE) rose 2.81%, with a trading turnover 239.6 Million USD, and a year-to-date rose 7.7%. Shell(SHEL) rose 2.71%, with a trading turnover 556.8 Million USD, and a year-to-date rose 7.1%. Unitedhealth(UNH) fell 6.44%, with a trading turnover 5.4 Billion USD, and a year-to-date fell 12.7%. Tesla(TSLA) fell 4.9%, with a trading turnover 19.3 Billion USD, and a year-to-date fell 32.9%.

Top 5 US Stock Gainers/Losers (>100B) (4.2)

Verve Therapeutics(VERV) fell 34.95%, with a trading turnover 81.8 Million USD, and a year-to-date fell 40.3%. PVH(PVH) fell 22.22%, with a trading turnover 729.2 Million USD, and a year-to-date fell 11%. Humana(HUM) fell 13.41%, with a trading turnover 2.9 Billion USD, and a year-to-date fell 33.4%.

Top 10 US Stock Losers (4.2)

Canopy Growth(CGC) rose 10.89%, with a trading turnover 276.8 Million USD, and a year-to-date rose 63.4%. ChampionX(CHX) rose 10.4%, with a trading turnover 638.4 Million USD, and a year-to-date rose 34.2%. Reddit(RDDT) rose 9.75%, with a trading turnover 457.3 Million USD, and a year-to-date rose 48.4%.

Top 10 US Stock Gainers (4.2)

Yatsen(YSG) rose 12.23%, with a trading turnover 1.1 Million USD, and a year-to-date fell 29.7%. Iczoom(IZM) rose 10.55%, with a trading turnover 2.3 Million USD, and a year-to-date rose 15.5%. Microvast(MVST) fell 34.08%, with a trading turnover 8.5 Million USD, and a year-to-date fell 57.9%. EHang(EH) fell 12.75%, with a trading turnover 53.5 Million USD, and a year-to-date rose 6%.

Top 5 CDRs Gainers/Losers (>100M) (4.2)

Despite facing declining revenue and expanding losses in the wafer foundry business, Intel remains optimistic about the future development of this division

Intel's wafer foundry business is expected to incur a loss of $7 billion in 2023, with the stock price dropping more than 4% after hours

Apple's stock price has fallen by more than 10%, with a market value evaporating by about $330 billion. Traders are looking for signs that the worst may be over. Compared to other large tech companies, Apple is undervalued. Microsoft has a market value close to $3.1 trillion, while Apple is at $2.7 trillion. The market believes that Nvidia is replacing Apple as the tech giant worth owning. Apple has shown no performance in artificial intelligence, faces regulatory threats, and is experiencing a slump in iPhone sales

Is it time to "buy the dip"? Analyst: Apple's darkest moment may have passed

消息人士称，比特币 ETF 将被添加到瑞银平台，将于下周广泛使用。瑞银管理着 3.5 万亿美元的全球财富。