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<h3>Overnight Market Update</h3>
After the market closed, Meta's gains expanded to 15%, Amazon rose nearly 7%, Intel fell 2%, and Apple's losses widened to 4%.
Tech giants collectively rebounded, supporting the major U.S. stock indexes to rise the day after the Federal Reserve meeting. The S&amp;P 500 index had its best performance in over three weeks, erasing the cumulative decline from the first three days of the week. The Dow Jones Industrial Average resumed its momentum to reach a new closing high. The Dow rose 0.97%, the S&amp;P 500 index rose 1.25%, and the Nasdaq rose 1.3%.
Tesla rose 0.8%, Microsoft rose nearly 1.6%; Netflix rose 0.6%; Alphabet-C rose 0.6%, Meta rose 1.2%, Amazon rose 2.6%, and Apple rose 1.3%. AMD rose nearly 1.7%; Nvidia rose 2.4%, and Intel rose nearly 0.7%. Super Micro Computer (SMCI) rose 10.2%, reaching a new closing high for the fourth consecutive day.
LifeStance Health Group (LFST.O), a mental health treatment services company, opened down 20% and closed down nearly 6% after Hindenburg Research announced its short position on the company.
Most popular Chinese concept stocks rebounded. The Nasdaq Golden Dragon China Index ended its five-day decline, and Anta Sports, a subsidiary of ANTA, rose nearly 3.1% on its first day of listing. Li Auto rose over 5%, XPeng and Nio rose over 1%. Gaotu Techedu rose over 9%, Weibo rose over 5%, Huya rose nearly 5%, NetEase and Bilibili rose over 3%, New Oriental EDU &amp; Tech, TAL Education, and Trip.com rose over 2%, and Alibaba rose 0.4%.
<h3>Blue Chips and Hot Stocks</h3>
Due to unfavorable market conditions and slow government assistance, Intel has postponed the construction of a $20 billion chip manufacturing plant in Ohio, which is now expected to be completed by the end of 2026.
Apple expects iPhone revenue in the second quarter to be similar to the same period last year. Apple will announce new artificial intelligence features this year. Over 600 applications and games designed specifically for Apple Vision Pro will be launched on February 2nd. Vision Pro will be available in the United States on February 2nd. There is no specific launch time for the official channels in mainland China on February 2nd.
Apple's fourth-quarter revenue was $119.58 billion, with market expectations at $117.97 billion, compared to $117.15 billion in the same period last year. Net profit was $33.916 billion, with market expectations at $32.32 billion, compared to $29.998 billion in the same period last year. iPhone quarterly revenue exceeded expectations, but revenue in the Greater China region fell short of expectations.
Meta announced an increase in its stock repurchase amount by $50 billion and provided a first-quarter revenue guidance that greatly exceeded expectations, causing the stock price to surge 15% after hours. The company expects artificial intelligence infrastructure capabilities to be an area of active investment in the coming years. It will stop reporting monthly active users and daily active users for Facebook in the future. Meta will deploy its self-developed chips this year, supported by GPUs from other companies for AI.
Meta's fourth-quarter revenue was $40.11 billion, with market expectations at $38.96 billion, compared to $32.165 billion in the same period last year. The company expects first-quarter revenue in 2024 to be between $34.5 billion and $37 billion, with market expectations at $33.64 billion.
Amazon: The revenue from generative artificial intelligence is still relatively small, but we believe that we will generate billions of dollars in revenue in the coming years. It is expected that the sales growth of Amazon Web Services (AWS) will continue to accelerate.
In the fourth quarter, Amazon's net profit was $169.96 billion, slightly higher than the market expectation of $166.2 billion and significantly higher than the $149.2 billion in the same period last year. The net sales of AWS cloud services were $24.2 billion, in line with market expectations of $24.22 billion, and significantly higher than the $21.378 billion in the same period last year.
Formula One legend Lewis Hamilton officially announced his transfer to the Ferrari team. Ferrari's stock price reached a new high of $390 during trading, rising more than 12% and approaching the market value of Mercedes-Benz.
There are rumors that some creditors have applied for the liquidation of Country Garden, but a source close to Country Garden said that the rumor is not true.
BYD: In January, the sales of new energy vehicles reached 201,493 units, a year-on-year increase of 33.14%.
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Nio: In January, 10,055 vehicles were delivered, an increase of 18.2% compared to the same period last year.
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XPeng: In January, 8,250 vehicles were delivered, compared to 5,218 vehicles in the same period last year.
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Li Auto: In January, 31,165 vehicles were delivered, compared to 15,141 vehicles in the same period last year.
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<h3>Startups</h3>
<h3>Macro: Taking You Around the World</h3>
Market News: Federal Reserve Chairman Powell will attend the &#34;60 Minutes&#34; program this Sunday.
The assets of the U.S. money market funds have reached $6 trillion for the first time.
The Bank of England kept interest rates unchanged and removed the tightening bias in its statement, with some members supporting a 25 basis point rate cut.

AMZN

INTC

RACE

The Dow Jones Industrial Average hit a new closing high, with Meta Platforms' stock rising by 15% and Amazon by nearly 7% after hours. Meta Platforms announced an increase of $50 billion in its stock repurchase program and provided a first-quarter revenue guidance that exceeded expectations. Apple will launch new artificial intelligence features this year, but Vision Pro is not currently available in mainland China. Intel has postponed its $20 billion chip manufacturing plant project in Ohio. F1 legend Lewis Hamilton will transfer to the Ferrari team, and Ferrari's stock reached a new high during trading. It is rumored that Federal Reserve Chairman Powell will appear on the "60 Minutes" program this Sunday.

LB Select

Breakfast | Meta Platforms, Amazon's impressive performance reignites the rally in US stocks, Vision Pro goes on sale in the US today.