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Major Bullish news? The White House 'AI Czar': The USA does not need to restrict chip exports to allies!
① David Sachs, the "Tsar" of AI and Cryptos at the White House, stated on Tuesday that the USA does not need to stop the Global spread of its AI Chips and technology to manage National Security risks; ② A few days ago, the Trump administration announced plans to lift the restrictions on advanced AI Chip exports imposed during the Biden era, namely the "Framework for Export Controls on AI Diffusion."
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April's top 10 Electric Vehicles sales: Xiaomi makes a strong comeback while Tesla is on the verge of falling off the list.
In April, companies like Xiaopeng, Leapmotor, and Xiaomi boosted the share of new forces, while Tesla's share declined; Xiaomi Autos successfully returned to the top ten. Retail sales in April reached 0.029 million units, achieving a significant growth of 305%; Tesla's sales in China saw a noticeable decline. Retail sales in April were 0.029 million units, a year-on-year decrease of 8.6%, and a month-on-month drop of over 60%.
Paying for tariffs! The average price of new cars in the USA in April has reached the highest increase since the pandemic.
After deductions for discounts and promotions, the average price of new cars in the USA in April increased by 2.5% compared to March, far exceeding the typical increase of 1.1% during the same period in recent years. The only larger increase in the past decade occurred in April 2020, when prices rose by 2.7% due to factory shutdowns related to the pandemic.
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The bullish outlook from the China-US trade has ignited the enthusiasm of buyers, causing the Market Cap of the "Seven Giants" in the US stock market to soar by 6 trillion overnight!
① On Monday, following the agreement between China and the United States to mutually lower tariffs, the US stock market surged significantly; ② the Market Cap of the Magnificent 7 skyrocketed by 837.5 billion USD (approximately 6 trillion RMB), marking the largest increase since April 9. ③ Analyst Ives from Wedbush predicts that the US stock market and Technology stocks will reach new highs in 2025.