Breakfast | The "Spring Festival Gala of the Tech Industry" is about to kick off, with NVIDIA and AMD gathering to launch new products

Last Friday Market Review

On Friday, the S&P and Nasdaq halted their five-day losing streak, with the Nasdaq and small-cap stock index both rising over 1.6%, but U.S. stocks fell for the week. The chip index rose 2.8%, with AI and nuclear power concept stocks shining. Tesla rose over 8%, NVIDIA rose over 4%, AMD rose nearly 11%, NVIDIA concept stock Cerence rose nearly 144%, and Oklo, in which Altman holds shares, rose nearly 25%. European and American luxury goods and liquor stocks fell.

The China concept index rose 0.9%, while Weimi Hologram turned to decline. The offshore yuan fell below 7.36, hitting a more than one-year low.

The dollar fell below 109 but rose nearly 1% for the week, marking the best weekly performance for the dollar in a month. Bitcoin surged past $98,000.

U.S. oil rose 4.8% for the week, European natural gas rose 4% for the week, and gold retreated from a three-week high.

Cybertruck Sales Disappointing?

The Cybertruck is not as well-promoted as expected. According to media estimates, the delivery volume of the Cybertruck in the fourth quarter may only be 9,000 to 12,000 units, with annual sales in the range of 35,000 to 50,000 units, far less than the previously disclosed official figure of "over 1 million" reservations. Analysts say that the mass production version of the Cybertruck is more expensive and has a shorter range than the initial version, which may be a major reason for the lower-than-expected delivery volume.

Strong Demand for AI! Hon Hai's December Sales Surge 42%, Q1 Revenue Expected to Grow Significantly

On January 5, Hon Hai Precision Industry Co., Ltd., the parent company of Foxconn, announced that its revenue reached NT$2.13 trillion (approximately $64.6 billion) in the past three months, a year-on-year increase of 15%, exceeding analysts' expectations of 13%; December's monthly revenue reached NT$654.83 billion, a year-on-year increase of 42%.

Hon Hai also expects significant growth in sales for the first quarter of 2024, and by 2025, its cloud business (including AI servers) will have revenue on par with its iPhone manufacturing business.

As an AI hardware supplier, Hon Hai has benefited in recent years from strong demand and massive spending by U.S. tech giants like Google and Microsoft in data center servers. However, due to the unclear application scenarios for AI, some investors are concerned about the potential slowdown in expansion.

Buffett Continues to Increase Holdings in VeriSign Stock, Berkshire Currently Holds Approximately $2.7 Billion Worth of Shares

According to a report submitted to regulators, renowned American investor Warren Buffett's Berkshire Hathaway purchased approximately 20,000 shares of VeriSign common stock from December 31, 2024, to January 3, 2025, for a total amount of approximately $4.1 million, equivalent to about 30 million yuan Recently, Berkshire Hathaway has repeatedly disclosed its increased holdings in this internet infrastructure service company's stock. In the three trading days ending December 24, 2024, Berkshire Hathaway invested an additional $28.55 million to purchase 143,424 shares of VeriSign. Currently, Berkshire holds nearly 14% of VeriSign's issued shares, valued at approximately $2.7 billion. According to data, VeriSign is an internet infrastructure service company located in California, USA. In the third quarter of this year, the company achieved a gross margin of 88.02%, an operating profit margin of 71.25%, and a net profit margin of 51.54%, ranking among the top in S&P 500 constituent companies.

NVIDIA ASIC Layout Accelerates

Recently, industry news has revealed that NVIDIA has selected Taiwan as its ASIC design and R&D center and has initiated a more aggressive talent acquisition effort. In the A-share market, direct ASIC designers have little advantage, but in the field of active cables supported by short-distance data transmission in IDC (data centers) composed of ASICs, this direct mapping relationship will remain effective now and in the future.

NVIDIA's "alternative" battle: Is Marvell more suitable than Broadcom? Currently, Broadcom occupies about 70% of the custom AI chip market; however, analysts believe that Marvell, with its advantageous position among cloud computing customers, greater growth potential, and more attractive valuation, may gain an edge in future competition.

"Tech Spring Festival Gala" CES 2025 (International Consumer Electronics Show) will be held from January 7 to January 11

The "Tech Spring Festival Gala" CES 2025 (International Consumer Electronics Show) will kick off from January 7 to January 11 in Las Vegas, USA. In terms of keynote speeches, attention will be focused on NVIDIA, AMD, Samsung, and Toyota; in the industry, artificial intelligence and automobiles are expected to remain hot topics, while robots, displays, and smart home appliances will also be focal points of public interest.

NVIDIA is scheduled to hold a press conference at 9:30 PM Eastern Time on Monday (Tuesday morning Beijing time). It is expected that the company's founder and CEO Jensen Huang will announce its latest developments in AI, including the highly anticipated GeForce RTX 50 graphics card.

AMD is scheduled to hold a press conference at 2:00 PM Eastern Time on Monday. It is expected to launch its next-generation GPU to compete with NVIDIA's RTX 5000. As part of its brand revitalization plan, the company may introduce the RDNA 4 graphics card, possibly named the RX 8000 or RX 9000 series.

People's Bank of China: Implementing a Moderately Loose Monetary Policy

The central bank: It is recommended to increase the intensity of monetary policy regulation, appropriately lower the reserve requirement ratio and interest rates, guide financial institutions to increase monetary credit investment, enhance the resilience of the foreign exchange market, and stabilize market expectations

Duan Yongping: Lack of money may be due to always wanting to make quick money; the most important thing is not diligence, but understanding the essence

Duan Yongping stated at a meeting with Zhejiang University faculty and students that value investing does not equal long-term investing. When investing, one should look at the business model and future cash flow, and only invest when it's clear that one can make money. Look long-term, find good companies, and hold them to enjoy the process. The information gap has little impact on stock trading; investing is not a zero-sum game, while the information gap is a zero-sum game. Making money in advance through the information gap may be somewhat unethical.

Currently, the positive rate of influenza virus continues to rise, with over 99% being H1N1; many local disease control centers urgently remind the public

Recently, influenza has been on the rise. According to the latest data from the Chinese Center for Disease Control and Prevention, the positive rate of influenza virus continues to rise, with over 99% being H1N1. Many local disease control centers urgently remind the public to take personal protective measures and be vigilant against respiratory and intestinal infectious diseases