Understanding the Market | Li Auto-W fell over 4% again, with a cumulative decline of nearly 18% in the past two days as the market worries about the high pricing of the new L9 Livis versionCitigroup: Tencent's management is optimistic about AI progress, domestic chip supply is expected to improve$25 billion heavy bet! Google partners with Blackstone to create its own TPU cloud company, directly challenging CoreWeaveOverseas Long-Term Bonds "Breaking Out on All Fronts" – Is the Developed World's "Fiscal Ponzi Scheme" No Longer Sustainable?Morgan Stanley and J.P. Morgan Agree: Long-Term Agreements (LTA) Drive Revaluation of Memory Companies, Market Has Not Fully Priced It InGEM Falls 2%; Power Stocks Rise Against the Trend, CPO and Computing Hardware Adjust; Hang Seng Tech Index Surges Then Retreats; Semiconductors PlungeUnderstanding the Market | Copper stocks collectively decline as copper prices are under pressure amid interest rate hike expectations; institutions indicate a repeated game between industrial and financial attributesUnderstanding the Market | Tencent Holdings rises over 4% as Tencent Cloud announces the official commercialization of Hy3 preview and DeepSeek-V4-Pro model"Can the 'earnings report curse' be broken? NVIDIA's stock price adjusts before earnings, making it difficult for options bulls to navigateTencent Cloud: Starting from May 27, Hy3 preview and DeepSeek-V4-Pro model will be officially transitioned to commercial servicesUnder the surge in AI investment, Meta is busy "changing blood": 7,000 people are being reassigned to AI, while simultaneously laying off 8,000 peopleJPMorgan Chase: The Gold Bull Market Is Not Over! Year-End Target Lowered to $6,000, but the Silver Myth Is CrumblingWWDC26 is scheduled for June 9! It is rumored that Apple plans to launch iOS 27: AI writing, language shortcuts, and wallpaper generationAlphabet welcomes a stunning opportunity on Wall Street: Google I/O 2026 is about to begin, and seven major fronts will determine the valuation quality of "full-stack AI."More Than Just "No Rate Cut"! In These Three Scenarios, the Fed Could Even Resume Hiking RatesCEO "Refuses to Expand Production," Seagate Tech Stock Skidded 6%, Dragging Down Hard Drive StocksOn the eve of large-scale layoffs, Meta has reassigned 7,000 employees to AI-related positionsFormer Samsung Semiconductor President: Predicts Memory Prices to Start Falling in Second Half of Next Year as Chinese Companies Aggressively Expand ProductionSG Morning Brief | Trump Calls Off Iran Strike, Yields Hit 2007 Highs, Nvidia Earnings LoomThe World Grapples with a New Wave of Inflation as a "Long-Term Bond Storm" Sweeps the Globe"NACHO Trade" Gains Momentum! Following Goldman Sachs, Bank of America Also Expects Oil Prices to Remain at $90 Highs This YearGoogle and Blackstone Jointly Establish a New AI Cloud CompanyIran War Impact Spreads: Mortgage Rates in Europe and the US Surge SharplyCICC: The Federal Reserve may find it difficult to cut interest rates this year, and assets driven solely by liquidity may continue to face pressureReport: US SEC to Launch Stock "Tokenization" Trading Scheme, Potentially Without Listed Companies' ConsentEscalating US-Iran Tensions Push Up Oil Prices; Asia-Pacific Stocks Fall Broadly, South Korean Index Drop Widens to 4.5%, Gold Falls Below 4,500Intel CEO says progress has been made in foundry business, next-generation manufacturing process expected to compete with Taiwan SemiconductorReminder: Key intraday events to watch (all times in Beijing Time)Nvidia Doubled Down on Its Second-Largest AI Holding. Should Investors Follow Suit?Top 20 U.S. stock trading volumes on May 19: Tesla officially abandons its plan to build a factory in IndiaRating Divergence: AI Infrastructure Spurs Upgrades, Intel and Criteo DowngradedApple is reportedly set to showcase a new operating system in June, introducing features such as an AI writing assistantDell Adds 1,000 New Customers for AI Servers, Aggressively Expanding into the Enterprise MarketInterest-Rate Cut Expectations Pushed Back Again; Goldman Sachs: AI-Driven Productivity Improvement Is the Key Macro VariableDual Obstacles to Balance Sheet Reduction and Rate Cuts: The Dilemma Facing Warsh Upon Taking OfficeNVIDIA's pre-earnings target price raised to $285 by Morgan Stanley; Blackwell and Rubin expected to contribute $1 trillion in revenueBIDU (Trans): Full-Stack AI Edge—Cost Efficiency & Deployment StabilitySUNART RETAIL Remains Trapped in the Hypermarket Contraction CycleLuckin Coffee Sells Alcohol: The Challenge Lies in Turning Novelty into HabitMeta began large-scale layoffs this week, exposing the harsh realities of the AI industry under Mark Zuckerberg's leadershipBIDU: Little Else to Lean On — All in on Kunlun chipsMysterious Capital Aggressively Buys US Treasury Put Options, Betting Long-Term Bonds Will Break Historical Lows Next MonthUS Stocks at Open: Nasdaq Up 0.2%, Philadelphia Semiconductor Index Up 1.7%, Baidu Up About 3%Samsung Strike Scenarios: Four Possible OutcomesSamsung Strike Turmoil Subsides; Goldman Sachs Urges: "Buy Korea"!The Fabricated "Warsh Shock"At what lithium carbonate price does energy storage become unviable?AMD, with a $700 Billion Market Cap, the New King of Data Centers