当大家都选择抄底时，那究竟是不是底？当前的阿里巴巴（为代表）的互联网公司，有点类似于 5% 票息但波动 plus 的转债，进攻性就靠各家的业绩的修复情况了，而防守性来自于分红和回购金额，当然后者做得好，防守也可以当进攻用。

中概股的黎明

钉钉最新版本新增了一项重要更新，用户只需将钉钉会议的入会链接分享给微信好友，对方即可在微信内直接进入同一场会议。首次入会时需通过手机号进行验证，后续再次入会可实现一键快捷登录。

钉钉会议支持微信内登录

Broadcom is set to announce its first-quarter performance for the 2024 fiscal year on March 7th. The market expects its total revenue to be $11.73 billion, with earnings per share of $10.40. As a provider of AI underlying hardware, Broadcom plays a crucial role in building AI hardware infrastructure. Investors are eagerly anticipating Broadcom's earnings report to continue fueling the AI frenzy.

Earnings Report Preview | "AI Shovel Seller" Broadcom's Earnings Report is Coming! Expected to Relay NVIDIA to Ignite the AI Craze.

Nvidia's stock surge is drawing comparisons to Tesla's rise, sparking concerns about the sustainability of the AI frenzy. While some investors believe in Nvidia's potential in the AI industry, caution is advised as not all ventures may turn out to be good investments. Tesla's decline in stock value serves as a cautionary tale. Retail investors have shown preference for Nvidia over Tesla.

Nvidia Bound For A Drop Like Tesla? Investors Draw Parallels Between AI And EV Frenzy

比特币连续第二天上涨，并接近历史高点。受比特币现货 ETF 强劲需求预期推动，比特币价格突破 6.4 万美元，创下自 2021 年 11 月以来的新高。预计 ETF 资金流入将继续推动比特币价格上涨。交易员们押注比特币将突破新冠疫情期间的纪录，因为比特币供应可能在减半后下降，加剧需求紧缩。其他代币如以太坊和 Solana 也出现上涨。

交易员追逐现货 ETF 比特币短暂突破 6.4 万美元

Super Micro Computer stock jumped 64% in February due to its strong performance in AI and growing demand for AI hardware. The stock's volatility is driven by broader sentiment on AI stocks and major company-specific news. Despite its already tripled returns this year, it is still considered a good investment.

Why Super Micro Computer Stock Jumped 64% in February

马斯克起诉 OpenAI 案解密，揭示了 Q* 的重大细节。Q* 是 GPT-8，原计划于 2027 年发布，参数为 125 万亿。马斯克的起诉可能会导致 Q* 的发布时间延迟。同时，OpenAI 的 CEO Altman 发表推文表示，目前发生的一切只是新瓶装旧酒，暗示风暴中心仍保持平静。但关于 Ilya 看到了什么，仍是马斯克起诉案的未解之谜。马斯克在去年表示，Ilya 是一个道德良好的人，不会轻易采取过激行动。总结来说，本案涉及马斯克起诉 OpenAI、Q* 细节曝光以及 Altman 的推文回应等。

马斯克怒告 OpenAI 案解密：Ilya 看到了什么？125 万亿参数 Q* 细节曝光，53 页 PDF 全网疯转

Concept stocks related to AI performed well in the night market, including not only big companies like NVIDIA, Taiwan Semiconductor, and SMCI, but also smaller ones such as BBAI, GFAI, CXApp, and Xiao-i Robot.

After-hours trading: NVIDIA hits a new high again, SMCI surges by 15%.

过去 15 个月，一位神秘的比特币买家悄悄积累了超过 30 亿美元价值的比特币，成为加密货币最大的单一持有者之一。该买家每天购买约 100 个比特币，持有超过 54164 枚比特币。有人怀疑该钱包可能属于比特币现货 ETF 之一背后的基金或大银行之一。这一情况引发了市场对比特币牛市回归的猜测。

过去一年半 “每天买 100 个”，“比特币鲸鱼” 买了超过 30 亿美元、超 5 万个比特币

马斯克认为，AI 的下一阶段是电力短缺、英伟达市值还要继续新高！他还谈到了人工智能在自动驾驶技术方面的应用，认为汽车完全自动驾驶已经很接近实现。

马斯克最新采访全文实录来了！

根据给定的新闻信息，该信息属于投资研究相关信息。具体摘要如下：2 月份，PANW 和 NVDA 成为客户当月买入最多的单一股票。此外，被动投资科技方面非常活跃，QQQ 流入量达到多年来的最高点。M7 继续带领标普 500 的上涨，但其贡献下降到 35%。从产业角度来看，现在可能是 AI 行情的初期。美国共同基金在 2 月转为流入，SPX 前 50 股票的每一天都是 positive call skew。总体来说，围绕 M7 的乐观情绪有助于改善整体市场情绪。

我们距离 AGI 还有多远？

美参议院计划就禁止与中国生物技术公司签约的提案举行听证会。此举引起了国内 CXO 概念股的涨势，包括药明康德、康龙化成等。听证会是法律过程中的一个程序，需经参议院、众议院审议通过并递交总统。据公开信息，此提案仅剩一人支持。

理解市场｜为什么药明系领涨医药外包板块？

微牛证券拟通过借壳 SPAC 在美国纳斯达克上市，合并后估值达到 78.52 亿美元，超过中国最大海外互联网券商富途控股！

微牛证券 Webull 借壳冲刺美股 IPO，估值 79 亿美元

台积电盘中一度涨 5.22％至 725 元新台币，市值升至 18.8 万亿新台币，创历史新高。

亚太股市高开，芯片股大涨，SK 海力士涨逾 7%，台积电创历史新高，日经首次突破 40000 点

Last week, Meituan surged ahead by 8.5%, NetEase rose by 2%, BIDU-SW led the decline with an 8% drop, Tencent fell by 5%, and BABA-SWR dropped by 2%. Among the "Seven Sisters" of the US stock market, only Alphabet-C and Apple declined, falling by 5% and 1.6% respectively.

Weekly Tech Stock Recap: Meituan soared over 8%, and Tesla finally saw an increase too!

苹果公司宣布终止了持续了十年的电动汽车项目。该项目注定失败的核心问题在于苹果如何进入汽车制造业，选择了完全自动驾驶汽车的策略，但难以克服全自动驾驶的挑战。苹果希望推出一款具有独特设计和产品生态系统的汽车，但项目投入巨资且面临研发成本高昂的问题。苹果没有先推出一款优秀的汽车试水市场，而是将所有希望寄托在了尚未成熟的自动驾驶技术上。

外媒：苹果造车太想颠覆行业，野心太大注定失败

比特币连续第二天上涨并逼近历史高点，受周初交易所交易基金需求强劲的预期推动。这种流动性最强的加密货币一度涨至 64,279 美元，为 2021 年 11 月以来首次升破 64,000 美元，随后回落至 63,622 美元。这场狂热的核心似乎在于美国上市比特币 ETF 的巨大需求。比特币在过去 12 个月上涨了约 186%。

比特币一度短暂突破 64,000 美元 ETF 需求吸引交易员

Meta Platforms, formerly known as Facebook, showed strong performance in 2024, with its stock price approaching the $500 mark. However, the company faces unfavorable factors such as share reduction and complaints, which may lead to a price correction. Meta Platforms released an outstanding fourth-quarter earnings report, with a 69% increase in annual net profit. They announced a $50 billion stock buyback and will issue dividends for the first time. The company's fourth-quarter revenue mainly came from advertising revenue on social media platforms.

Post-earnings boost pushes stock price close to the $500 mark, will Meta Platforms' upward trend peak soon?

十四届全国人大二次会议大会发言人娄勤俭介绍，十四届全国人大二次会议将于 3 月 5 日上午开幕，3 月 11 日下午闭幕，会期 7 天。

小鹏港股跌近 5%，主因全系限时降价 2 万，2 月销量环比近乎腰斩：小鹏汽车 2 月交付新车 4545 辆，同比下降 24.4%，环比下滑 44.9%！

理解市场 | 小鹏汽车为何也在大跌？

The new energy industry experienced a slow season in January and February, but saw a recovery in March. The production of photovoltaic modules increased by over 40% MoM, with leading companies growing by at least 50% MoM. The lithium battery sector is also expected to achieve a 50% MoM growth. Factors such as higher-than-expected demand, reduced inventory in Europe, and the release of demand in the Indian market have contributed to the industry's recovery. At the same time, there is a shortage of N-type batteries, and TOPCon battery prices are expected to remain relatively strong. Overall, the new energy industry is gradually recovering, and market sentiment is also improving.

CSC: The new energy industry experienced a slow season in January and February, and is gradually recovering with the seasonal demand picking up.

截至 3 月 1 日，恒生科技指数 2 月以来的累计涨幅已达 16.05%！其中，理想汽车累计上涨近 70%，美团累计涨超 41%！港股 3 月怎么看？

恒生科技指数有望迎来技术性牛市！

* 大摩：美团-W 股价上涨 或与据报更积极减少美团优选亏损有关

* 大摩：美团-W 股价上涨  或与据报更积极减少美团优选亏损有关

With the help of Qualcomm, Samsung Electronics will launch XR within the year.

On the track of Hyper | How is the experience of Apple Vision Pro? Samsung Electronics introduces XR.

According to Morgan Stanley's calculations, Europe will invest 5 trillion euros in decarbonization. The market potential for smart chemicals (in the next 15 years) and obesity treatment (by 2030) is $140 billion and $77 billion respectively. The total cost of AI investment will exceed $500 billion.

The three major frontier areas: AI, longevity, decarbonization.

价格战笼罩下的中国车市，能否撑得起理想汽车的万亿野心？作为一个 “很新” 的豪华品牌，不打价格战的理想 MEGA，能否再次成为市场爆款或现象级产品？

5.3 万/平的理想 MEGA，“收割” 中产多孩家庭？

“当市场达到创纪录水平时，它们往往会停留在区间内。日经指数达到 40000 点表明，许多投资者，尤其是海外投资者，仍然看好日本股市。”

日经 225 指数首次突破 40000 点关口！

New York Community Bancorp's credit rating was downgraded to junk status by Fitch Ratings last Friday, with Moody's also further lowering its credit rating last month. The bank has significant deficiencies in tracking loan risks. Fitch stated that the bank's high-risk exposure to commercial real estate is a major weakness. Other rating agencies have also downgraded the bank. The outlook for New York Community Bancorp's rating is negative.

Credit ratings have been downgraded one after another! What's even more alarming is that the "thunder" at New York Community Bank may not have stopped yet.

The electric vehicle industry is facing a slowdown in growth, with Rivian Automotive, Lucid, and Fisker seeing a sharp drop in market value, making them potential acquisition targets. Rivian Automotive announced disappointing quarterly performance and outlook, leading to a significant decline in market value. Some analysts believe that Apple may acquire Rivian Automotive due to its undervaluation and potential. Lucid's market value has also plummeted, with production expected to be only around 9,000 electric vehicles this year.

The situation is getting tricky! The market value of the new forces in the US electric vehicle sector, Rivian Automotive, Lucid, and Fisker, has plummeted. Will they be acquired or face a final destination?

3 月 4 日｜世茂集团盘初暴涨 28.85% 报 0.67 港元。消息面上，深交所和上交所分别发布公告，将世茂集团分别调入深港通下的港股通标的名单和沪港通下的港股通标的名单，自 2024 年 03 月 04 日起生效。

世茂集团暴涨 28%，获调入港股通标的名单

Li Auto fell nearly 14% in early trading, dropping 12.39% to HKD 157 as of the time of publication, with a turnover of HKD 2.086 billion. On the news front, Li Auto announced that in February 2024, a total of 20,251 new vehicles were delivered, a year-on-year increase of 21.8% but a month-on-month decline of 35%. Li Auto's Chairman and CEO, Li Xiang, stated that with the launch and delivery of new models (MEGA and the 2024 L series), our goal is to return to a monthly delivery level of 50,000 vehicles by March. It is worth noting that with BYD and Tesla, two leading new energy vehicle companies, kicking off a new round of price cuts on March 1st, the "price war" in the Year of the Dragon's car market is intensifying, potentially further accelerating market reshuffling. According to incomplete statistics, as of March, 9 car companies have announced price cuts or started limited-time promotions, with the highest discount reaching 47,000 yuan. Academician Ouyang Minggao of the Chinese Academy of Engineering pointed out that from an industry perspective, the new energy vehicle market is shifting from incremental development to stock competition.

Hong Kong Stock Market Update: LI AUTO fell more than 11% as February deliveries dropped by 35% month-on-month, with the industry price war continuing to heat up.

金十数据 3 月 4 日讯，3 月 4 日上午，京东发布商家公告称，在目前已有 9 成第三方商品包邮的基础上，进一步优化开放平台包邮规则，对于其余近 10% 的第三方商品，到 3 月底普及最高满 59 包邮（注：特殊商品、偏远地区除外），不仅可以单品包邮，还支持同店铺商品凑单包邮。其中，家电、厨具、保健品等 13 个品类的全部商品，均为 0 元包邮，即不限金额一律包邮。

京东称 3 月底普及满 59 包邮

华尔街见闻从供应链独家获悉，苹果正在开发 Vision 标准版（内部命名 Vision，上市名称目前尚未完全确定），预计于 2025 年秋季发布。Vision 标准版在显示质量和 pro 版本保持一致前提下，重量计划控制在 400g 以内，目前苹果并未决定是否取消 eyesight，苹果还在就组件材质做选型。

苹果正在研发 Vision 标准版：初定 2025 年秋季发布

药明康德 H 股涨超 8%，药明康德 A 股涨近 6%。

The list of Hong Kong Stock Connect has been adjusted. As of the time of this report, CIFI HOLD GP rose by 14.93% to HKD 0.385; EVERG SERVICES rose by 13.56% to HKD 0.67; SHIMAO GROUP rose by 13.46% to HKD 0.59; and ZTO Express-W rose by 3.81% to HKD 160.9. In terms of news, the Shenzhen Stock Exchange announced adjustments to the constituent stocks of the Hang Seng Composite LargeCap Index, MidCap Index, and SmallCap Index. According to the relevant provisions of the "Implementation Measures for Shenzhen-Hong Kong Stock Connect Business" of the Shenzhen Stock Exchange, SHIMAO GROUP, ZTO Express-W, EVERG SERVICES, and other stocks have been included in the list of securities under the Hong Kong Stock Connect. In addition, according to the adjustment announcements of the Shanghai Stock Exchange and the Shenzhen Stock Exchange regarding the Hong Kong Stock Connect, CIFI HOLD GP has been included in the list of securities under the Hong Kong Stock Connect, which will officially take effect from March 4th.

Hong Kong Stock Market Update: Multiple stocks have been included in the Hong Kong Stock Connect list. CIFI HOLD GP opened nearly 15% higher, while EVERG SERVICES opened more than 13% higher.

韩国股市与经济基本面背道而驰，股市长期没有涨幅。尽管韩国经济发展良好，但股市一直保持在 2500 点水平。韩国政府决定实施企业价值提升计划，改变股票估值低迷的问题。与此同时，全球大部分股市涨声一片，韩国股市却原地踏步。

保卫 2500 点：韩国股市十年不涨之谜

财政司司长陈茂波提到，楼市全面撤辣的主因是考虑到当前本港楼市整体情况及未来住宅楼宇供应量充足，有关楼市辣招的措施已经不再需要。至於预算案中一系列完善上市制度、优化交易机制的措施，旨在进一步提升市场效率、流动性及竞争力。 

陈茂波：香港不再需要 “辣招”！预算案 “兼顾长短”

权力巅峰期的俞永福，几乎执掌着阿里巴巴的所有非电商业务。如果要定义俞永福的身份，他是一个 “非传统的投资人”“非传统的创业者”，也是一个 “非传统的高管”。

阿里 “太子” 的两次撤退

鲍威尔携手非农来袭，美联储今年是否降息以及何时降息的新信号要来了。

这是本周决定美股走势的两件大事！

比特币短线跌幅扩大至 2000 美元，最新报 62500 美元/枚。

近期银行推出了 “跨境理财通 2.0” 项目，提供高利率的人民币和美元存款，其中美元存款的年化利率可高达 10%。各家银行争相以高息及优惠吸引大湾区居民南下资金。建设银行亚洲、工银亚洲、集友银行、渣打银行等银行都发布了 “跨境理财通 2.0” 资产配置优惠信息。具体优惠包括 500 港元奖励、0 认购费以及 6-10% 的高利率。这些优惠在一定期限内有效。

利率最高冲到 10%！这类存款近期爆 “火”

农夫山泉回应网络攻击，钟睒睒澄清个人和农夫山泉的诋毁。钟睒睒否认第一笔创业收入来自娃哈哈，回忆了与宗庆后的合作和相关诉讼。

农夫山泉回应，热搜爆了！钟睒睒：网上出现大量对我个人及农夫山泉的诋毁，这绝非宗老所乐见

阻击马化腾，丁磊 “大出血”

美国个别政客近期对从中国进口的小额商品施压，呼吁国会采取紧急措施。根据 “小额豁免” 机制，低于 800 美元的货物可免税进入美国，而中国电商平台希音（Shein）和拼多多海外版 Temu 的包裹可能占到运至美国的所有 “小额豁免” 包裹的 30% 以上。加拉格尔认为 “小额豁免” 使得外国企业能够逃避关税和审查，削弱了美国企业。美国参议员呼吁废除该机制。

针对 Shein 和 Temu？挤压中国电商，美政客嚷嚷对小额包裹下手

量化大厂开始 “布局” 东南亚

NVIDIA may once again enter the handheld gaming console market: creating exclusive graphics IP, not ruling out cooperation with Intel. Taiwan Semiconductor plans to recruit 6,000 people in Taiwan. The housing market in Hong Kong is booming after the withdrawal of the spicy measures, with Secretary Chan Mo-po stating that a vacancy tax could be introduced but is currently not necessary. An investment consortium has raised the acquisition price of Macy's to $6.6 billion. Astrazeneca is investing $475 million to build a new small molecule innovative drug factory in China. The "Two Sessions" in China have begun.

Breakfast | This week's focus on the testimony of Federal Reserve Chairman Powell, NVIDIA may once again enter the handheld gaming console market.

比特币价格上涨 45%，但价格波动风险增加。比特币现货 ETF 自上市以来吸引了 74 亿美元的资金流入，交易量也创下新高。然而，比特币的价格波动巨大，不同国家对数字资产的监管政策存在差异，存在巨大的投资风险。

比特币一个月飙升 45% 价格剧烈波动风险陡增

造车新势力 2 月份交付环比普降，除 AITO 问界和理想两家车企外，其余造车新势力销量均未超过万辆。随着比亚迪、特斯拉等新能源车企降价，龙年车市的价格战持续升温，市场洗牌或将加速。新能源车市场正从增量发展转向存量竞争，自主品牌与合资品牌的竞争也白热化。AITO 问界交付量排名第一，理想汽车以微弱差距屈居第二。