Longbridge Breakfast | Microsoft, Alphabet-C Q1 Results Exceed Expectations, OpenAI to Launch Enterprise Edition OpenAI Subscription Service
Alphabet's Q1 performance exceeded market expectations, with healthy growth in search advertising business. OpenAI is researching a new enterprise version of ChatGPT subscription service and has introduced the feature to close ChatGPT chat records. Prosus, a major shareholder of TENCENT, sold 789,600 shares of TENCENT stock. Microsoft is preparing to complete the acquisition of Activision Blizzard. Apple is planning to launch AI-driven health monitoring services and emotion tracking devices.
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Market Overview
US stocks fell to a four-week low, with Alibaba falling more than 4%.
Top Stocks
Prosus sells TENCENT shares again, reducing its stake to 25.99%.
Microsoft's quarterly performance exceeded expectations, with double-digit growth in cloud revenue.
Microsoft: Azure OpenAI customers grew 10 times compared to the second quarter.
Microsoft: Will increase capital expenditures in AI in fiscal year 2024.
Alphabet-C's parent company announced an additional $70 billion in stock buybacks. Pepsi's Q1 revenue and EPS exceed expectations, raising full-year performance guidance
McDonald's Q1 performance greatly exceeds expectations, net profit increased by 63%
General Electric's Q1 profit beats expectations, raising full-year performance guidance
OpenAI will soon launch ChatGPT Enterprise subscription service
SpaceX approved to launch rockets at second location in California
China Resources Land denies acquisition of Wanda Real Estate Group
IPO Opportunities
Mason Health Hong Kong public offering subscribed about 9.85 times, offering price of HKD 9.10
Zhenjiu Lidu: Offering price of HKD 10.82, listed on April 27
Macro and Strategy
US President Biden officially announces campaign for re-election as US President
[ The EU will begin to impose a phased carbon border tax from 2026 ](https://longportapp.com/en/news/85977100? force=1&app_id=longbridge)
Chinese Foreign Ministry: International Flights to China Will No Longer Require Nucleic Acid Testing
Hong Kong Regulatory Agency Strikes Again with "Singing High and Dispersing Low" Measures