As of the Tuesday's closing of the US stock market, there are over 37,000 open contracts for NVIDIA call options expiring this Friday with a strike price of $1940. NVIDIA is becoming a casino for YOLO traders

NVIDIA's options speculation is outrageous! Someone is betting that the stock price will double this week

NVIDIA leads the volatility of large technology, AI, and chip stocks, with the S&P Nasdaq reversing its decline in the afternoon and the Dow posting its largest gain in three weeks. However, chip stocks have fallen for five consecutive days to a two-week low, with AMD dropping by about 7% before closing down nearly 5%. Oracle hit a new high for the second consecutive day. Chinese concept stocks narrowed their losses, with XPeng opening 7% higher before closing up 0.7%. Ahead of the Fed's decision, the US bond yields fell by about 5 basis points, with the 10-year Treasury yield moving away from a nearly four-month high. Oil prices remained at a five-month high for two consecutive days, with Brent crude closing above $87 and US crude rising by nearly 1%. The US dollar index hit a two-week high, as the Bank of Japan ended its negative interest rate and YCC policy, but the yen approached 151. Bitcoin briefly fell by 7% and dropped below $63,000

After falling 4%, NVIDIA rebounded by 1%, driving the SPDR S&P 500 to a new high, while the Japanese yen suffered a defeat, hitting a four-month low

Huang Renxun said that he expects the data center to be a very large business. The global annual expenditure on data center equipment is expected to total $250 billion, with NVIDIA's products occupying a larger share than other chip manufacturers

Huang Renxun confidently stated: The data center business is worth 250 billion yuan a year, and NVIDIA will grab the majority of the "cake"

菜鸟正在加快推进全球 5 日达业务，计划在 2023 年第四季度实现三位数增长。该业务是行业首个规模化落地的跨境电商快线产品，已成为拉动速卖通订单增长的主要动力。菜鸟在国际物流方面具有优势，是全球最大的跨境电商物流企业之一，收入已与国内物流收入持平。通过与速卖通合作，菜鸟加强了物流时效，提升了消费者的购物体验和电商平台的竞争优势。

菜鸟海外疾飞

Financial Report 2024 | Sales of high-end liquor increased by 60%, CHINA RES BEER claims no impact from consumption downgrade

华尔街对于美国股市是否存在 “狂热” 情绪持不同意见。美国银行的策略师认为，虽然存在一些风险，但美股的强劲盈利和美国经济韧性使其有进一步上涨的空间。然而，首席投资策略师却认为，“科技七巨头” 和加密货币领域正在形成泡沫。这一观点与前者相左。总的来说，美股的反弹并没有反映出之前股价与价值之间的巨大差距或大量使用杠杆的情况。

美银策略师对美股是否存在 “狂热” 情绪意见不一

中信证券同意放弃对华夏基金 10% 股权的优先购买权，股权转让金额不低于 4.9 亿美元。这是中信证券两年内第二次股权变更，此次将协助天津海鹏办理股权转让及工商变更手续。华夏基金的股权结构中，中信证券持有 62.2%，加拿大 POWER CORPORATION 和 MACKENZIE FINANCIAL CORPORATION 分别持有 13.9%。2022 年 12 月，迈凯希金融公司成为华夏基金主要股东。

头部公募再启股权转让，小股东将易人？

On Tuesday, the blockchain sector of the US stock market experienced a general decline. As of the time of writing, MicroStrategy fell by over 17%, Coinbase fell by over 9%, and Riot Platforms fell by over 7%. Bitcoin dropped by more than 7%, trading at $62,602.8

US Stock Market News | Blockchain sector generally down, MicroStrategy drops more than 17%

数字货币概念股盘初普跌，追随比特币下挫的表现。Mercurity FinTech 目前跌 21.6%，微策投资跌 15.8%，CleanSpark 跌 12.2%，数字货币交易所 Coinbase 跌 8.3%，“网红券商” Robinhood 跌 7.6%。Grayscale 比特币信托跌约 6%，刷新日低至 56.18 美元。

美股下挫，英伟达跌 3% 拖累人工智能概念股。日元跌穿 150。市场下调美联储 6 月降息押注，费城半导体指数跌幅扩大至 2.4%。超微电脑跌 12.7%，英伟达 GTC 开发者大会开幕，AI 盛宴继续进行。

美股仅道指涨，英伟达跌 3% 拉低人工智能概念股，日元跌穿 150

Nvidia fell by 2.2%, chip stocks across the board collapsed, with most "Nvidia concept stocks" falling

Expectations of interest rate cuts fall, with mixed performance in the three major US stock indexes. Chip stocks across the board suffered losses, while XPeng-W rose by 3%

This collaboration can solve short-term headaches for both companies

AI joins Apple, Apple seeks Google, the market is very happy, the reasons are very sufficient?

市场消息：微策略以约 6.23 亿美元现金购买了约 9245 个比特币。

GWMOTOR needs a major transformation

Q4 smartphone business ended 7 consecutive quarters of year-on-year decline, returning to positive growth

Mobile business rebounds, XIAOMI-W's Q4 revenue hits a 7-quarter high, with adjusted net profit soaring by 236.1% year-on-year | Financial Report Insights

加密货币交易所 BitMEX 正在调查导致比特币闪崩的异常交易活动。比特币价格在 BitMEX 跌至 8900 美元的低点，而在竞争对手交易所的价格超过 6.6 万美元。BitMEX 发言人表示，发现了涉及极少数账户的激进抛售行为。比特币价格下跌了约 14%。比特币周二下跌 6.3%。

交易所 BitMEX 调查比特币周一闪崩原因：发现 “激进抛售行为”

比特币短线跌破 63000 美元，日内跌超 6%；以太坊触及 3200 美元，日内跌超 8%。自 3 月 14 日见顶以来，比特币累计回落超 10000 美元。数据显示，规模为 250 亿美元的灰度比特币信托周一流出 6.43 亿美元，这是自 1 月 11 日转换为 ETF 以来的最大流出量。

比特币自历史新高回落超 1 万美元 日内跌超 6%

Equilibrium, opportunity cost, rational individuals, trade makes everyone's economic situation better

The Ten Principles of Economics by Mankiw, helping you to think rationally

XPeng fluctuated, rising more than 4% before the performance report, dropping more than 2% before the performance report, and now surging 4%; Bilibili fell more than 3%, NetEase and JD.com fell more than 2%; among the seven technology giants, only Tesla and Apple rose; Microstrategy fell more than 10%, Marathon Digital fell more than 6%, Coinbase fell more than 5%

Pre-market trading in US stocks: XPeng-W surged 4% after earnings, while cryptocurrency-related stocks plummeted

Apple is striving to break into the AI arena, planning to embed Alphabet-C's Gemini large model. Alphabet-C surged over 4% overnight

WSB Hot Discussion | BTC leaked? 12% drop on the 7th day

小鹏汽车预计第一季度交付量 21000 至 22500 辆，市场预期 54268 辆。

小鹏汽车 2023 年 Q4 营收 130.5 亿元，市场预期 133.94 亿元，上年同期 51.4 亿元；预计第一季度营收 58 亿元人民币至 62 亿元人民币。

小鹏汽车第四季度净亏损 13.5 亿元人民币

NVIDIA takes a crucial step in entering the sovereign AI market

Teaming up with Oracle, NVIDIA aims to sell "Sovereign AI" to countries worldwide

AI unicorn Astera Lab is adding fuel to the hot AI market, with an IPO price per share between $32 and $34, potentially valuing the company at over $5 billion

"The Little Nvidia" is here! Plans to IPO this Wednesday

In response to the latest delivery forecasts, production situation, as well as unfavorable factors such as the stoppage caused by the red sea conflict and power issues at German car factories, Goldman Sachs has lowered Tesla's target price from $220 to $190, with a "Neutral" rating

Rating Quick Look | NVIDIA's target price has been significantly raised again! Tesla faces price cuts, NIO-SW receives positive outlook

Compared to its competitors, Blackwell demonstrates outstanding performance, but in order to fully unleash Blackwell's potential, switching to liquid cooling has become almost necessary

A comprehensive understanding of NVIDIA's "new GPU": 5 times faster than H100? 1200W power consumption? Liquid cooling? How does it compare to MI300X?

IMOTIONAUTOTECH(01274) rose 9.29%, with a trading turnover 72.1 Million HKD, and a year-to-date rose 111.3%. XTEP INT'L(01368) rose 9.03%, with a trading turnover 236.0 Million HKD, and a year-to-date rose 12.2%. CONANT OPTICAL(02276) rose 8.8%, with a trading turnover 13.6 Million HKD, and a year-to-date rose 15.6%.

Top 10 HK Stock Gainers (3.19)

YANKUANG ENERGY(01171) rose 1.94%, with a trading turnover 550.7 Million HKD, and a year-to-date rose 20.2%. CNOOC(00883) rose 1.49%, with a trading turnover 1.4 Billion HKD, and a year-to-date rose 36.3%. LI AUTO(02015) fell 7.99%, with a trading turnover 2.5 Billion HKD, and a year-to-date fell 13.1%. WUXI APPTEC(02359) fell 7.49%, with a trading turnover 801.2 Million HKD, and a year-to-date fell 50.2%.

Top 5 HK Stock Gainers/Losers (>100B) (3.19)

HIGHTIDE-B(02511) fell 17.06%, with a trading turnover 8.9 Million HKD, and a year-to-date fell 50.8%. ESR(01821) fell 12.32%, with a trading turnover 200.1 Million HKD, and a year-to-date fell 28.1%. HONGJIU FRUIT(06689) fell 10.3%, with a trading turnover 152.2 Million HKD, and a year-to-date fell 48.6%.

Top 10 HK Stock Losers (3.19)

临床阶段生物制药公司 Fusion Pharmaceuticals 盘前飙涨 94%，报 20.65 美元。

美股异动 |Fusion Pharmaceuticals 盘前飙涨 94% 阿斯利康拟溢价近一倍收购

人工智能发展带来投资机遇与挑战。AI 主题 ETF 产品受追捧，规模飙升。

“英伟达浪潮” 中，AI 主题 ETF 过去一年规模已翻倍

There are reports that Li Auto's expected orders for MEGA within 24 hours were around 3,000 units, but the final result fell short of expectations, only achieving half of the target. Currently, Li Auto's core management team is discussing whether to lower MEGA's annual sales target to 50,000-60,000 units

Understanding the market | Why did LI Auto drop 8% today?

Overnight hottest contract: Tesla with a maturity date of March 22 and a strike price of $175, with a trading volume exceeding 110,000 contracts! Google's A call options surged to 820,000 contracts, with a 72% call option ratio; Google's C call options soared to 400,000 contracts, with a 66% call option ratio

US Stock Options | NVIDIA, AMD, SOUN Trading Volume Halved! Alphabet-C Trading Volume Surged

XIAOMI-W will announce its financial report after the Hong Kong stock market closes today

Financial Report Preview | Will Xiaomi Motors contribute to a market value of 900 billion RMB?

Fintech company Robinhood has fully launched commission-free trading services in the UK, but has postponed its plans to increase leverage lending functions. UK customers can access over 6,000 US-listed stocks through the Robinhood app, and enjoy benefits such as non-investment cash interest, zero trading commissions, and no foreign exchange fees. However, the launch of margin investment services has been temporarily put on hold due to discussions with regulatory authorities. The President of Robinhood UK stated that the company will continue to provide local products and services that meet customer demands

Robinhood enters the UK market with commission-free trading, while its margin lending plan is temporarily suspended

比特币延续跌势，导致全球最大的比特币交易所交易基金流出创下记录。规模为 250 亿美元的灰度比特币信托周一流出 6.43 亿美元，是自 1 月 11 日转换为 ETF 以来的最大流出量。此外，对新上市的现货比特币 ETF 的需求也在减少，资金流向富达和贝莱德等巨头产品也减少。货币政策的不确定性和资产泡沫风险也令市场人士担忧。比特币价格下跌约 3%，至 65380 美元。

比特币延续跌势 灰度基金单日 “失血” 逾 6 亿美元

荷兰合作银行放弃将土耳其子公司出售给加密货币公司的交易。

苹果和谷歌正在谈判合作，以解决其在生成式 AI 领域的滞后问题。消息一经公布，谷歌母公司 Alphabet 股价上涨，证实了苹果追赶 AI 浪潮的决心。尽管合作细节尚未确定，但苹果还与 OpenAI 进行了讨论。两大科技巨头之间的合作试探已不是第一次，他们一直是 “相爱相杀” 的关系。在过去的二十多年中，他们从密友到对手，一直在商业竞争中角逐。究竟在 AI 时代，谁更需要谁，目前还没有定论。

AI 时代，苹果和谷歌究竟谁更需要谁？

比特币和其他加密货币出现下跌，灰度比特币信托经历单日最大规模资金外流，流出 6.43 亿美元。此前，九只新现货比特币 ETF 上市，吸引了强劲需求，但现在资金流入富达投资和贝莱德等巨头产品的资金也在减少。这一情况可能对比特币价格产生负面影响。

灰度 ETF 出现单日最大规模资金外流，推动比特币下跌

加密货币市场回落，比特币难以守在 65,000 美元大关上方，之前美国一只大型比特币交易所交易基金遭遇资金流出，而且市场削减了对美联储降息的押注。该最大数字货币报 65,550 美元左右，下跌约 3%。其他主要加密货币也大多走低。

比特币下跌 资金流出 ETF、美联储政策前景打击加密货币

马斯克：每两周发布对全自动驾驶的 3 项重大改进。

最强 AI 芯片 Blackwell 问世，推理能力提升 30 倍！黄仁勋介绍道，训练一个 1.8 万亿参数 GPT 模型，如果用 Hopper 来做，可能需要 8000 个 GPU，耗电 15 兆瓦，如果用 Blackwell 来做，只需要 2000 个 GPU，且耗电仅为四兆瓦。

黄仁勋 GTC 演讲全文来了！

Concept stocks related to Bitcoin collectively fell. As of the time of publication, BOYAA fell by 6.31% to HKD 1.93; MEITU fell by 3.6% to HKD 3.48; OSL Group fell by 2.88% to HKD 7.77; GRANDSHORES fell by 1.18% to HKD 0.084. On the news front, the price of Bitcoin has been steadily rising over the past few months, hitting a new high of $73,881.3 on March 14th. In the following days, the price of Bitcoin continued to decline, with the intraday price falling below $65,000 today, currently at $64,956, down nearly 4% intraday. It is reported that J.P. Morgan once released a report in February pointing out that the highly anticipated Bitcoin halving event will occur in April, which may have a serious negative impact on the profitability of Bitcoin miners. The report warned that the price of Bitcoin could plummet to $42,000 per coin, with a potential downside of over 36% from the current price. In addition, the Bank of Japan raised interest rates for the first time since 2007, signaling the end of the era of negative interest rates

HK Stock Market News | Bitcoin concept stocks collectively decline as Bitcoin price continues to fall, breaking below $65,000 during today's trading session

多位律师表示，此次罚款不会影响债权人的债务清偿，在清偿顺序中，补偿性债权优先于惩罚性债权。如若恒大地产及许家印没钱了，则须通过查封、扣押个人财产等方式追缴。

恒大被罚 41.75 亿，到底怎么缴？

Yotta has ordered over 4,000 NVIDIA-manufactured H100 chips and expects to receive approximately 20,000 of these chips in June, marking the largest bet on AI in India to date

NVIDIA supports Indian startup Yotta, making the biggest bet on AI in India

比特币跌超过 3%，跌破 65000 美元/枚的水平。

美国国债投资者正争相退出全球最大规模的长期限国债 ETF(美股代码：TLT)，导致该 ETF 连续八日下跌。在美联储和日本央行利率决定之前，降息预期降温施压美债价格，并削弱市场对安全资产的需求。该 ETF 已连续五周出现资金外流，约 20 亿美元流出。与此同时，风险资产表现乐观，股市和加密货币的 ETF 吸引资金。交易员们关注美联储是否会改变对今年降息预期，以及日本央行是否会放弃负利率政策。

降息预期接连遭重挫 长期限美债 ETF 连跌八日！高达 20 亿美元流出

As the electric vehicle craze subsides, traditional car stocks are once again in the limelight, with their undervaluation and stable cash flow beginning to attract investors. Analysts believe that against the backdrop of weakening demand for electric vehicles, General Motors, Ford Motor, and Stellantis may emerge as winners

As the electric vehicle craze fades, the stock prices of traditional American car manufacturers are on the rise

许家印被限制高消费，涉及借款合同纠纷案件。中国恒大目前存在多条被执行人信息，被执行总金额超过百亿元。恒大地产集团和恒大集团也存在大量被执行人信息。

许家印被限制高消费

高盛下调特斯拉目标价至 190 美元，原因是预测销量下降及生产问题。根据第三方市场数据，特斯拉今年首两个月交付量按年增幅高单位数，但按季比较则预期下降低双位数百分比。预计首季销量将低于早前估计的 47.5 万辆，目前调整为 43.5 万辆。高盛预测全年汽车交付量将按年增长 9.5% 至 198 万辆，较此前预测下调。高盛还将特斯拉的 2025 和 2026 年交付量预测下调，并调低了 2024 至 2026 年每股盈利预测。