Breakfast | S&P 500 Index rose for the first time in eight consecutive days this year, NVIDIA surged more than 24% in six days

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S&P Nasdaq rises for the first time in eight days this year, NVIDIA rises more than 24% in six days

Before the central bank's annual meeting, Federal Reserve officials once again voiced dovish comments.

The U.S. stock market has risen for the eighth consecutive day, with the S&P 500 rising nearly 8% in eight days, the largest increase since March 2003. The Nasdaq has rebounded more than 10% since August 8, the longest increase since November 2023.

NVIDIA rose by 4.35%, accumulating a rise of over 24.10% in the past six trading days, and a total rebound of over 31.43% since the close on August 7; Tesla rose by 3.12%, Google A rose by 2.28%, Microsoft rose by 0.73%, Amazon rose by 0.66%, Meta rose by 0.35%, and Apple fell by 0.07%. Applied Materials closed up by 2.48%, AMD closed up by 4.52%.

Chinese concept stocks rose overall. JD.com rose by 0.85%, Li Auto rose by 4.58%, Alibaba rose by 0.88%, Bilibili rose by 3.4%, Baidu rose by 1.37%, ZEEKR rose by 5.8%, NetEase rose by 2.94%, NIO rose by 3.04%, Pinduoduo rose by 1.22%, XPeng rose by 3.75%.

Stocks related to monkeypox epidemic concept fluctuated. GeoVax Labs (GOVX) once rose by over 58.3%, but closed up by 1.27%. Emergent BioSolutions (EBS) rose by 12.66%, SIGA Technologies (SIGA) fell by 0.48%.

UBS: Tech stocks still have room to rise

Under the continued positive news related to artificial intelligence, the upward trend of tech stocks may continue. We see favorable factors from both fundamentals and technical aspects. Artificial intelligence is expected to continue to drive growth in the coming years. It is estimated that the earnings of the tech industry will grow by 15%-20% in the next six quarters.

JP Morgan: S&P 500 index will hit new highs again

The U.S. stock market is expected to rebound before the end of the year. The U.S. economy is still expanding, corporate profit growth is positive, and the Federal Reserve is entering a track of easing monetary policy. It is expected that the S&P 500 index will reach a historical high and then perform positively in the fourth quarter.

AMD acquires server manufacturer ZT Systems

AMD has agreed to acquire server manufacturer ZT Systems for $4.9 billion in cash and stock. AMD will retain the design and customer teams of the business and seek to sell the manufacturing division.

Jia Yueting: "FF Sino-U.S. Automotive Industry Bridge Strategy and Second Brand Launch Event" scheduled for September 19

Insider: General Motors to lay off over 1,000 software engineers

BYD's electric supercar under the sub-brand "Yongwang" is about to start delivery

BYD's luxury brand Yongwang launched the U9 in February this year, with an official price of 1.68 million yuan.

2024 NIO Power Day will start live broadcast at 14:15 on August 20

At that time, NIO Energy will announce the latest infrastructure layout plan, new technologies, and products.

Li Auto: Adds 10 Ideal Supercharging Stations

10 Li Auto supercharging stations are located in Zhejiang, Yunnan, Guangdong, Anhui, Henan, Jiangsu, and Chongqing.

Luckin plans to go global on a large scale by the end of the year, focusing on Southeast Asia and the United States

Luckin is cautious and currently only operates 38 directly operated stores in Singapore. In the next 3-5 years, Luckin plans to use Singapore as its Southeast Asian headquarters and gradually expand to surrounding countries and regions. Luckin will not follow the domestic price wars and rapid expansion strategy, nor will it seek to quickly eliminate local brands. Instead, it prefers cautious expansion and long-term coexistence with multiple brands in the future.

NetEase Cloud Music malfunction has been fixed, insider: suspected issues during migration process

Insiders say that there may have been issues during the migration process. Currently, many companies are migrating from cloud computing to self-built data centers to reduce costs, but the migration process is prone to accidents.

R&F Properties: R&F Hong Kong Receives Liquidation Petition

On August 19, R&F Properties received a liquidation petition submitted by the petitioner to the court regarding the loan principal amount owed by R&F Hong Kong, a wholly-owned subsidiary, and the interest payable in proportion to the petitioner. The petition for R&F Hong Kong will be heard in court on October 30. The board believes that there is sufficient collateral for the loan.

Former U.S. President Trump: Considering canceling the $7,500 electric vehicle tax credit

If elected, he will consider appointing Musk to a cabinet or advisory role, if he is willing.

Going against Trump, Harris proposes raising the corporate tax rate to 28%

Harris calls for raising the corporate tax rate to 28% and overturning a significant portion of the legislation signed by former President Donald Trump during his presidency, which reduced the corporate tax rate from 35% to 21%. Trump recently stated that if elected president, he will further reduce taxes, including tax cuts for businesses