Pre-market trading in US stocks | Tesla surges over 6%, with Morgan Stanley significantly raising its target price! Arm plans to increase the price range for its IPO, while Meta is developing a more powerful AI system.

Top News in US Stocks

1. Xiaopeng Motors will reduce the number of sales regions from 24 to 12, as well as gradually eliminate underperforming direct stores and expand the scale of dealership stores.

2. Morgan Stanley: Tesla's Dojo project (Tesla's self-developed supercomputer) could increase its enterprise value to as high as $500 billion.

3. According to insiders, ARM is considering raising the price range for its IPO after meeting with investors. This will be the largest IPO in the world this year. Insiders said that SoftBank Group's stock in this chip design company has received approximately six times oversubscription. The discussions are still ongoing, and no final decision has been made yet.

4. Cai Chongxin and Wu Yongming officially assume the positions of Chairman and CEO of Alibaba, respectively. At the same time, Wu Yongming will take over from Zhang Yong as the Acting Chairman and CEO of Alibaba Cloud Intelligence Group.

5. According to The Wall Street Journal, Meta Platforms is developing a more powerful artificial intelligence system.

Pre-market Movers

In pre-market trading, Dow Jones futures are up 0.19%, Nasdaq futures are up 0.55%, and S&P 500 futures are up 0.38%.

In pre-market trading, Pinduoduo and Beike are up 2.0%, Bilibili is up 4%, NetEase is up 3.5%, Baidu is up 2.7%, Xiaopeng is up nearly 5%, and Li Auto and NIO are up over 2%.

Tesla is up over 6%. Earlier, Morgan Stanley stated that Tesla's stock price will soar due to the Dojo supercomputer.

Hostess Brands is up nearly 11%, Apple is up 0.7%, Meta and Oracle are up nearly 1%, and FuelCell Energy (FCEL) is up 9%.

Institutional Views

1. Goldman Sachs: Alibaba's executive changes may surprise the market, investors focus on new management team and spin-off plans

Goldman Sachs points out that the changes in Alibaba Cloud's management may come as a surprise to the market. Investors are expected to pay attention to any further announcements and clarifications from the new management team to understand the group's latest organizational strategy and capital market plans for each business. Goldman Sachs maintains a positive view on Alibaba's commitment to accelerating the growth of Taobao and Tmall, and looks forward to the group's exploration of growth drivers in the cloud and international businesses, as well as its development direction of continuously improving shareholder returns. The target price is HK$134, with a buy rating and inclusion in the conviction buy list.

2. Wall Street's top bull: US stock market likely to further decline

The most optimistic strategist on Wall Street believes that the recent pullback in the US stock market will continue. John Stoltzfus, Chief Investment Strategist at Oppenheimer, stated that for most of this year, the hype around artificial intelligence has been driving up the S&P 500 index, while ignoring the risks of interest rates and potential economic slowdown. Stoltzfus said, "We may see some volatility in the near future.""

3. Analyst: TSMC's stock price is expected to benefit from the growth of artificial intelligence and electric vehicles

Wedbush analyst Matt Bryson said that although TSMC's third-quarter revenue performance was relatively stable, there have been "meaningful" changes in the broader business environment. Considering that the chip market is still weak, the company's prospects are unfavorable. In the long run, TSMC's stock price is expected to benefit from the growth of artificial intelligence and electric vehicles.

US Stock Market Strategy

1. Testing the "temperature" of US tech IPOs, "American Meituan" Instacart to start roadshow this week, market value expected to be "cut"

2. Buy more H100 cards, Meta to train new models based on its own infrastructure early next year

3. Integrating the Meta Model into multiple businesses, Tencent fully embraces the AI era

4. US stock options | Over 60% of call options on Apple and Amazon, Block and Docusign options trading volume increased threefold and fivefold respectively

5. When will the US stock market reach new highs? Analyst: It may be earlier than most people expect

6. Morgan Stanley: Dojo is Tesla's AWS, stock price could rise another 60%!

7. Three major events in the tech industry this Wednesday: Apple iPhone 15, Arm IPO, Google's "Great Trial""