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LB Select
2023.05.03 00:17
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Longbridge Breakfast | Fed May Raise Rates to 2016 Highs, Microsoft Plans to Launch Cloud Service Version of ChatGPT

The market was betting on a 25 basis point rate hike announcement on Wednesday with a probability as high as 97%. Alibaba fell more than 3% and Bilibili fell more than 7%. Microsoft plans to launch a ChatGPT version that runs on dedicated cloud servers at ten times the price of the regular version. JPMorgan anticipates asset performance on Fed decision day: US stocks could rise by 2.5% or fall by 1.25%.

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Market Overview

US stock futures fall 0.2% for the S&P 500 index

The three major US stock indexes all closed down

Popular Chinese concept stocks generally fell, with the NASDAQ Golden Dragon China Index down 3.6% and PDD down 6.41%

Top Stocks

Samsung Electronics prohibits employees from using ChatGPT-like tools

US media: Musk's large-scale model company X.AI is still building a team

CEOs of Alphabet, OpenAI, and Microsoft will participate in the White House's AI meeting on Thursday

Microsoft plans to launch a ChatGPT version running on dedicated cloud servers

Model 3 and Model Y prices rise in the Chinese and American markets: prices in China rise by 2,000 yuan, and prices in the United States rise by $250

Morgan Stanley is discussing plans to lay off about 3,000 people this quarter Q1 revenue drops 9%, more sluggish this quarter! AMD guidance is inferior

Macro and Strategy

Hong Kong's GDP ends its previous four consecutive quarters of decline and performs better than expected

Morgan Stanley predicts stock market performance after the Fed's decision to pause rate hikes, which will boost US stocks

The White House is considering imposing punitive taxes on crypto mining companies

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