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Express News | U.S. stock night trading: Chinese concept stocks rose collectively, with PDD Holdings up over 3%; after the earnings release, AMD rose over 2%, while Super Micro Computer fell over 5%.
Implying Trump? Huang Renxun: China's AI market is expected to reach 50 billion dollars, must not be missed!
① NVIDIA CEO Jensen Huang stated that the scale of the AI Chip market in China could reach 50 billion dollars in the coming years, and it is crucial for USA companies to gain access to the Chinese market; ② Huang emphasized that selling products in the Chinese market will generate revenue, tax revenues, and job opportunities in the USA.
Microsoft AI PC tackles tariff shocks: the thinnest Copilot+ is here, and the new Surface computers are priced even lower.
The Surface Pro 12-inch, starting at $799, claims to be the lightest and thinnest Copilot+PC, while the Surface Laptop 13-inch, starting at $899, is referred to as the lightest Surface notebook. Compared to their respective previous generation versions, these models are $200 and $100 cheaper. The screen is smaller than the previous generation, and they are equipped with the Snapdragon X Plus 8-core processor instead of the previous generation's 10-core processor, with longer Battery life.
U.S. stock market closing | The three major Indices fell together, Growth Tech stocks declined broadly, with Tesla down nearly 2%; Chinese autonomous driving stocks soared, with Pony.ai rising nearly 48% and Wenyuan Zhixing rising nearly 32%.
After the Earnings Reports, Palantir dropped by 12%. Nuclear Power stocks CEG and OKLO rose by over 10%. During the same period, U.S. Treasury bond auctions were strong, and the yield on the ten-year U.S. Treasury bond accelerated its decline. After a significant rise over two days, the New Taiwan Dollar once dropped over 3%; after Merz was elected as Germany's Chancellor, the Euro refreshed its daily high. U.S. oil briefly rose nearly 5%. After the news of U.S.-China talks on Wednesday morning, the offshore renminbi briefly rose more than 100 points to break through 7.20, while Gold dropped over 1%.
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.
Coty FQ3 Results Miss Expectations, Lowers FY25 Profit Outlook