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Express News | In Overnight Trading, U.S.-Listed Chinese Stocks and ETFs Surge After China's Official Announces Series of Policies; DUO Surges 17%, BEKE Rises 4%; Alibaba, JD and Bilibili Rise 2%, YINN Up 4%, CWEB Rises 3%
After a broad rise in volume, a critical point is approaching! Market hotspots may continue to focus on Technology stocks.
Yesterday, the market saw a significant increase in volume, with all three major Indexes rising by over 1%, and the volume exceeding 1.3 trillion.
The A-share International Board under ANT GROUP CO., LTD. may launch an IPO.
① After the Listing As a Whole of ANT GROUP CO., LTD. was put on hold, ANT International, registered in Singapore, may consider a separate listing in Hong Kong. Discussions with relevant authorities regarding this possibility are currently underway. ② Recently, ANT International also issued a letter to all employees, requiring cost control and efficiency improvements. On March 19, 2024, ANT International will be spun off from ANT GROUP CO., LTD. to operate independently in the market. One significant meaning of the spin-off from ANT GROUP CO., LTD. is the ability to independently finance and bear profits and losses.
U.S. stocks closed: Trade uncertainty rises, and the three major Indexes collectively declined.
① The CEO of NVIDIA stated that the AI market in China is expected to reach 50 billion dollars; ② AMD's revenue in the first quarter was 7.44 billion dollars, a year-on-year growth of 36%; ③ Super Micro Computer's net sales in the third quarter were 4.6 billion dollars, falling short of expectations.
Price Over Earnings Overview: Alibaba Gr Hldgs
The exposure of the domestic version of Apple AI is approaching, with Alibaba and Baidu providing support but with different responsibilities.
① Baidu's Wenxin Yiyan will serve as the core cloud-based smart engine for the domestic version of Apple AI; ② Alibaba will be responsible for conducting local compliance reviews of AI-generated content; ③ Cook admitted that Apple still needs more time to develop an AI-capable Siri.
