Breakfast | NVIDIA becomes the favorite stock for retail investors in 2024! Quantum computing ETF crazily attracts capital this month
Overnight U.S. stocks are closed, and Hong Kong stocks continue to be closed today. So far this year, NVIDIA's net buying amount is close to $30 billion, expected to surpass Tesla. Since December, the inflow of the Quantum Computing ETF QTUM has reached approximately $250 million, rising 18.8% in the past month, with a year-to-date increase of 55%
Market Overview
With the Christmas holiday approaching, U.S. stocks had a day off overnight, and Hong Kong stocks continue to be closed today.
Bitcoin briefly rose nearly $2,000 during trading, breaking through $99,000 for two consecutive days and testing the $100,000 mark.
Nearly $30 Billion Lost in a Year: NVIDIA Becomes Retail Investors' Favorite in 2024
NVIDIA has become a favorite among retail investors. Data from Vanda Research shows that year-to-date, net buying of NVIDIA has approached $30 billion, surpassing the SPDR S&P 500 ETF (SPY) and is expected to exceed Tesla. Compared to 2021, net inflows of retail funds into NVIDIA have increased nearly ninefold.
On January 6, Jensen Huang Will Deliver a Major Speech at CES
Analysts expect Jensen Huang to announce a series of significant news at the Consumer Electronics Show (CES) held in Las Vegas, USA, with the RTX 5000 series GPU being the highlight of the keynote speech.
Why Does Apple Keep Refusing to Use NVIDIA?
In the 2000s, there was a brief "honeymoon period" between the two companies, but over time, the conflicts between business and technology have intensified. Apple has always sought to create a complete ecosystem, and heavily purchasing NVIDIA's GPUs would undoubtedly weaken Apple's dominance in the AI field.
Quantum Computing ETF Crazy for Capital!
Since December, the quantum computing-themed ETF Defiance Quantum ETF (QTUM) has seen inflows of approximately $250 million, likely becoming the largest monthly inflow since its establishment in 2018. QTUM has risen 18.8% in the past month, with a year-to-date increase of 55%.
The People's Bank of China Continues to Reduce MLF Volume for Five Consecutive Months, Keeping Interest Rates Unchanged for Three Months
Data shows that on December 16, 1.45 trillion yuan of MLF matured, and the central bank net withdrew 1.15 trillion yuan through MLF, marking the largest net withdrawal scale since 2014.
Zheshang Securities mentioned in this week's funding outlook that the central bank is inclined to "support but has no intention of excessive easing," and is watching whether the central bank will initiate a reserve requirement ratio cut before and after the MLF renewal during the statistical period.
U.S. Banking Industry Sues the Federal Reserve Over Annual Stress Tests, Seeking Transparency
The core of this lawsuit is that the banking industry believes the Federal Reserve lacks sufficient transparency in developing the models and scenarios for stress tests, making the test results difficult to predict and hindering banks' effective capital planning and operations.
Will Bitcoin's Current Rally Peak on January 17?
Analysis indicates that based on historical patterns of Bitcoin's price movements, it may reach a new high of $146,000 per coin on January 17, 2025, close to Trump's inauguration on January 20. Analysts believe that after Trump takes office, the related speculation of the Trump trade will come to an end.
OpenAI Reportedly Considering Developing Humanoid Robots
More than six months ago, OpenAI confirmed the restart of its robot project, which had been dissolved for nearly four years. Media reports state that for OpenAI, the priority of humanoid robots will not surpass other technologies and products like reasoning models, and developing such robots will make OpenAI more reliant on China, as China is crucial for the supply chain and manufacturing of robots
The Date for the 2025 National Two Sessions in China Has Been Announced
According to Xinhua News Agency, the 13th meeting of the Standing Committee of the 14th National People's Congress voted on the decision to convene the third session of the 14th National People's Congress on the 25th. According to the decision, the third session of the 14th National People's Congress will be held in Beijing on March 5, 2025.
The National People's Congress Votes to Pass China's Value-Added Tax Law, Effective from January 1, 2026
China's largest tax type, the value-added tax, now has a dedicated law. The Value-Added Tax Law stipulates that small-scale taxpayers are exempt from value-added tax if their sales do not reach the threshold for taxation; if they reach the threshold, they must calculate and pay the value-added tax in full according to this law