Breakfast | The 13th China-US Political Party Dialogue Held, Alibaba Cloud and NetEase Youdao Respond to Rumors of Large-scale Layoffs
The Nasdaq fell 1.26%, with most sectors closing lower. Popular Chinese concept stocks generally fell, with Alibaba and Tencent ADRs down more than 3%, Bilibili down more than 4%, and Kingsoft Cloud down 8.6%. JPMorgan calls for a reduction in stock holdings. Microsoft integrates Bing into ChatGPT. Microsoft's annual developer conference, Build 2023, opens with updates for more than 50 products. Apple will hold its annual developer conference from June 5th to 9th. Alphabet-C leads investment in OpenAI's rival. Hongxin Jianfa and Yidianyun will be listed tomorrow after trading in the dark market today.
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Market Overview
The increasing possibility of default may also prompt some stock traders to sell stocks and bet that a "black swan event" will shake the market. VISA fell 2.85%, Intel fell 2.54%, and Disney fell 2.18%, leading the Dow. Alphabet-C A fell 1.99%, Microsoft fell 1.84%, and Tesla fell 1.64%.
Happy car fell 12.41%, Kingsoft Cloud fell 8.63%, NetEase fell 5.38%, Bilibili fell 4.26%, and iQiyi fell 3.86%. NIO fell 0.34%, Xiaopeng Motors fell 3.08%, and Ideal Motors fell 2.41%. Tuniu rose 6.11%, and Tiger Securities rose 5.91%.
Top Stocks
Apple will hold its annual developer conference from June 5th to 9th
It is expected that Apple will release iOS 17, macOS 14, watchOS 10, long-awaited AR/VR headsets, 15-inch MacBook Air, etc.
Regarding the rumor that NetEase Youdao will lay off 50%, an insider from NetEase Youdao said that the proportion of layoffs circulated on the Internet is not true Tesla: May choose another location to build Tesla factory by the end of this year
Netflix begins to require US users to stop sharing accounts
Microsoft's annual developer conference Build 2023 opens in Seattle
Microsoft CEO Nadella said that at this week's developer conference, Microsoft will probably announce updates for more than 50 products.
To combat deepfakes, Microsoft will add watermarks to AI-generated content
Microsoft is committed to enabling anyone to identify whether an image or video clip generated by Bing Image Creator and Microsoft Designer is generated by AI, and to attach metadata information about its source.
Microsoft integrates Bing into OpenAI to challenge Alphabet-C
By integrating Bing into OpenAI, users can instantly obtain more timely and up-to-date answers online.
NVIDIA integrates AI enterprise software into Microsoft Azure
Alphabet-C launches AI tools to help marketers create ads
The tool can automatically generate text and image content based on simple prompts, and can also automatically write promotional slogans and feature descriptions for products based on the content on Alphabet-C search pages. Alphabet-C will also experiment with advertising in search-generated experiences. Alphabet-C leads the way in OpenAI's competition, and its latest round of financing is $450 million
Anthropic, a competitor of OpenAI, announced a round of financing of $450 million, the largest AI financing round this year since Microsoft invested in OpenAI in January. The company's founder is a former executive of OpenAI.
Ford CEO: Car prices will fall by more than 5% in the next two years
Jim Farley predicts that as dealer inventories increase, car prices will fall in the next two years, and competitive pressure will affect Tesla's dominant position in the electric car market.
IPO Trading
Shares will be traded in units of 1,000 shares per hand, with the stock code 9930.
Shares will be traded in units of 500 shares per hand, with the stock code 2416.
Macro and Strategy
Goldman Sachs analyst David Kostin: Expects the S&P 500 to fall to 4000 points
JPMorgan: Sell stocks, buy gold, hold cash Morgan Stanley strategist Kolanovic said that the risk-return of stocks is low in the face of economic recession, overvaluation, and high interest rates, except for the debt ceiling impasse.
As the employment market is still below sustainable levels and inflation expectations are moderately rising, the Fed is unlikely to bring inflation back to target levels without avoiding economic slowdown.
The Twitter Financial Sentiment Index can help estimate the next day's stock market return by using natural language processing on the social media platform.
Xi Jinping presided over the first meeting of the 20th Central Audit Committee
Pay close attention to key areas such as local government debt, finance, real estate, food, and energy.
The 13th China-US Political Party Dialogue was held
Both sides believe that how China and the United States get along is crucial. Both sides must take measures to promote the return of China-US relations to the right track and healthy development, which is in line with the common expectations of the people of the two countries and the international community, and will also benefit future generations. China and the United States must adhere to mutual respect and peaceful coexistence, and cannot engage in confrontation and conflict.
Xie Feng said that he hopes that the United States and China will work together towards this direction from the common interests of the two countries and the world's people, and properly handle important and sensitive issues such as Taiwan in accordance with the principles of the three joint communiqués between China and the United States, strengthen dialogue, manage differences, and promote cooperation, and strive for China-US relations to return to the right track.
Chinese Premier Li Keqiang: China is willing to further expand economic and trade exchanges with Russia Li Qiang pointed out that he hopes entrepreneurs from both countries can fully connect their needs, tap into the potential for cooperation, and add new content, highlights, and vitality to practical cooperation between the two countries.
