Breakfast | US stocks soar: Tesla surges 8%! NVIDIA ends five consecutive declines, quantum computing concept stocks continue to rise!

Overnight Market Overview

Overnight, the dual benefits of cooling U.S. inflation and strong bank performance supported a significant rise in U.S. stocks. The three major U.S. stock indices all closed up by at least 1%, marking the best single-day gains since November 6 of last year, the day after the U.S. presidential election.

Wall Street's major banks kicked off the earnings season, with the bank ETF rising over 2.6%, leading the charge, and Goldman Sachs closing up 6.02%.

The "Tech Seven Sisters" all saw gains. Tesla closed up 8.04%, Meta Platforms rose 3.85%, NVIDIA increased by 3.37%, breaking a five-day losing streak, Alphabet A rose 3.11%, Amazon gained 2.57%, Microsoft was up 2.56%, and Apple increased by 1.97%.

Most quantum computing concept stocks rose. D-Wave Quantum closed up 22.41%, Rigetti Computing rose 22.23%, and Quantum Computing increased by 55.45%.

NVIDIA Claims CEO Jensen Huang Will Promote Quantum Computing at March's Annual GTC Event

This news propelled NVIDIA's stock price and related quantum computing concept stocks upward.

Recently, Jensen Huang candidly stated that quantum computing is still decades away from practical application. This week, Meta Platforms' Zuckerberg reiterated Huang's statement, which has continuously impacted quantum computing concept stocks.

First Shot of U.S. Earnings Season: JP Morgan Reports Record Annual Net Profit, Goldman Sachs Doubles Q4 Net Profit, BlackRock Sees Record Client Funds for the Year

JP Morgan's Q4 revenue and earnings both exceeded expectations, with strong performance in trading and investment banking; Goldman Sachs' Q4 stock trading revenue hit a record; Wells Fargo's Q4 net interest income surpassed expectations; BlackRock's Q4 revenue and earnings were both better than expected; Citigroup's 2025 revenue guidance was better than expected, but it lowered key profit targets.

Did NVIDIA Slash TSMC's Advanced Packaging CoWoS Orders? What Happened?

Nomura Securities analyst Aaron Jeng and others released a report stating that due to reduced capacity demand for chips, NVIDIA significantly cut orders for TSMC's advanced packaging CoWoS. This reduction may stem from the impending discontinuation of NVIDIA's Hopper chip and limited demand for the GB200A.

Morgan Stanley stated that the reduced CoWoS-S orders did not come from NVIDIA but from other downstream chip manufacturers, and NVIDIA "kindly" took over the released capacity and converted it into CoWoS-L orders for expanding production of the GB300 series chips.

CCTV News: Trump Considering Signing Executive Order to Suspend TikTok Ban After Taking Office

According to CCTV News, sources say that Trump may sign an executive order that would lift the Biden administration's nationwide ban on the TikTok application imposed on the 19th of this month.

Concerns Over "Tech Dominance" Intensify, S&P Equal Weight ETFs Surge

In the second half of last year, Invesco's S&P 500 Equal Weight ETF attracted approximately $14.4 billion, bringing its total inflow for the year to $17 billion, far exceeding its record inflow set in 2023. Analysts believe that investors are currently most concerned about concentrated risk, fearing that the market is too top-heavy It is expected that this year, except for the largest technology companies, other companies' profits will achieve double-digit growth.

U.S. December CPI rose 2.9% year-on-year in line with expectations, core CPI unexpectedly cooled, with both year-on-year and month-on-month growth rates lower than expected

The U.S. December CPI rose 2.9% year-on-year, accelerating from the November growth rate of 2.7%, marking the highest growth rate since July of last year. The core CPI in December increased by 0.2% month-on-month, while economists expected the growth rate to remain flat at November's 0.3%. As of November, the core CPI had increased by 0.3% month-on-month for four consecutive months. The decline in hotel accommodation prices, modest growth in medical services, and relatively moderate rent increases helped to suppress the inflation data for the month.

The latest CPI data has led the market to expect that the Federal Reserve will continue its pace of interest rate cuts, and the process of rate cuts may not be as pessimistic as previously anticipated before the data was released, which also helps to prevent a significant sell-off in the U.S. Treasury market.

"New Federal Reserve News Agency": December U.S. CPI data is unclear, the Federal Reserve is expected to remain on hold this month

Renowned journalist Nick Timiraos stated that the U.S. CPI report released on Wednesday had little impact on the outlook for the Federal Reserve to pause interest rate cuts, as the mixed data could not indicate the direction of inflation. It is expected that the Federal Reserve will remain on hold this month and will need more data to determine the next steps.

Goldman Sachs forecasts: The January U.S. non-farm payroll data to be released on February 7 will see "big changes"

Goldman Sachs stated that the January non-farm payroll report in the U.S. will undergo the largest adjustment in history. After the annual benchmark revision of the household survey, it is expected that the total labor force will increase by 2.5 million, household employment will increase by 2.3 million, the labor participation rate will rise by 11 basis points, and the unemployment rate will rise by 4 basis points