Pre-market US stocks | Ideals fall more than 4%, limited-time insurance subsidy of 10,000 yuan; OpenAI expected to generate revenue of over 1 billion US dollars in the next year

US Stock Market News

1. Ideal Car officially announced a limited-time insurance subsidy policy. For Ideal L9, Ideal L8, and Ideal L7 models purchased from August 30, 2023 (inclusive) to September 30, 2023 (inclusive), customers can enjoy a subsidy of up to 10,000 yuan when purchasing car insurance from a cooperating insurance institution.

2. Wang Jianjun, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated that the CSRC will promptly respond to the concerns of private enterprises, implement regular regulatory arrangements for platform companies, promote the listing of eligible platform companies both domestically and overseas in accordance with laws and regulations, and support qualified private enterprises in listing overseas. They will make good use of both markets and systems. (Securities Times)

3. TechInsights: Global TWS earphone shipments in the second quarter increased by 15% year-on-year, with Apple holding the largest market share.

4. Gaotu's revenue in the second quarter was 700 million yuan, with a net profit of 56 million yuan.

5. Joyy Inc.: In the second quarter, the revenue was 547 million US dollars. Under non-US GAAP, the net profit increased by 89.1% year-on-year to 97.3 million US dollars, with a net profit margin of 17.8%, an increase of 9.2 percentage points year-on-year.

6. According to The Information, OpenAI plans to achieve revenue of over 1 billion US dollars in the next 12 months.

7. HP's net revenue for the third quarter was 13.2 billion US dollars, a year-on-year decrease of 9.9%; net profit was 800 million US dollars, a year-on-year decrease of 32%; adjusted net profit was 900 million US dollars, a decrease of 19% compared to the same period last year, which was 1.1 billion US dollars.

Before the US stock market opened, Dow Jones futures fell by 0.08%, Nasdaq futures fell by 0.2%, and S&P 500 futures fell by 0.11%.

VinFast rose by more than 6%, Tesla fell by 0.8%, NVIDIA fell by 0.65%, Ambarella plummeted by over 20%, Box fell by over 9%, and HP plummeted by over 8%.

Alibaba fell by nearly 2%, Beike and JD.com fell by over 2%, Bilibili fell by 2.6%, Baidu and NetEase fell by over 1%, Xiaopeng fell by nearly 3%, Ideal and NIO fell by about 4%, and Gaotu rose by over 4%.

1. Goldman Sachs: Expects ADP data in August to slow down

Goldman Sachs stated that considering the significant JOLTs job vacancy data released yesterday, they now estimate that the ADP employment figure for August in the United States will increase by 150,000 (compared to the previous increase of 324,000, and the market generally expects an increase of 198,000). This reflects the steady but softening trend in big data employment indicators. They also noted that in the past 7 years, the ADP employment figure for August has shown a slowdown in growth for 6 years.

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3. Dividend Growth Rate of US Stocks Declines for Six Consecutive Quarters, What About Microsoft and Apple?