Longbridge Breakfast | Popular Chinese Concept Stocks Rebound Against the Market, OpenAI's Losses Double
The three major US stock indexes opened and closed low, with West Pacific Union Bank falling more than 50% and media giant Paramount Global dropping 28.4% globally. Popular Chinese concept stocks rebounded against the market, with NIO Inc. USD OV and Li Auto rising more than 5%. Apple's revenue has declined year-on-year for the first time in two consecutive quarters since March 2019, but its revenue in the second quarter of this year has reached a historical high. OpenAI CEO Sam Altman hinted that the company may raise up to $100 billion in funding in the coming years. The new version of Bing is fully open and no longer requires waiting. Kenvue, a subsidiary of Johnson & Johnson, surged 21% on its first day of listing.
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Market Overview
S&P 500 futures rise in Asia-Pacific early trading
Regional banks suffer bloodbath, S&P Dow Jones hits five-week low
Top Stocks
Apple's Q1 report exceeds expectations, with revenue up year-on-year
Apple CEO Cook: Will continue to systematically integrate artificial intelligence into devices
OpenAI's losses doubled to $540 million in 2022
U.S. officials may be evaluating whether bank stocks are being manipulated in the market
Raytheon/Lockheed joint venture wins $1.02 billion U.S. Army contract
Microsoft helps AMD enter the field of artificial intelligence processors
Microsoft's "search + browser" major upgrade, new Bing fully open without queuing
Top U.S. officials summon Alphabet-C, Microsoft, and OpenAI CEOs for meeting 2021's Biggest IPO in US Stock Market! Johnson & Johnson's Consumer Business Kenvue Soars Nearly 21% on Its First Day of Listing
Opportunity for New Shares
LUZHU BIOTECH-B: The offering price is set at HKD 32.80 per share.
Macro and Strategy
Wall Street Traders Bet on VIX to Hit New Highs During Pandemic Outbreak
CITIC Securities: Valuations of Hong Kong's Tech Stocks Return to Highly Attractive Levels
