---
title: "Pre-market trading in US stocks | Nio leads the surge in Chinese concept stocks! Vision Pro to be launched in the Chinese market as early as April"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/107541257.md"
description: "Chinese concept stocks surged before the market, with XPENG-W and Li Auto up more than 8%, Bilibili up more than 6%, NetEase, JD.com, and NIO-SW up more than 5%, and BABA-SWR and Pinduoduo up more than 4%. Technology stocks showed mixed performance, with Tesla down more than 2% and NVIDIA up more than 1%."
datetime: "2024-02-06T10:53:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/107541257.md)
  - [en](https://longbridge.com/en/news/107541257.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/107541257.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/107541257.md) | [繁體中文](https://longbridge.com/zh-HK/news/107541257.md)


# Pre-market trading in US stocks | Nio leads the surge in Chinese concept stocks! Vision Pro to be launched in the Chinese market as early as April

### Top News in US Stocks

1.  According to supply chain sources, Apple is expected to launch in the Chinese market as early as April, "no later than May." Supply chain sources say, "The registration process with the Ministry of Industry and Information Technology is nearing completion. The initial supply of products for sale in China will be relatively tight."
    
2.  Tencent is reportedly developing a mobile version of the Elden Ring game, according to Reuters.
    
3.  Estee Lauder responds to layoffs: Estee Lauder has no major adjustment plans in the Chinese market, and the profit recovery plan will empower the Chinese team to better adapt to the development of the Chinese market.
    
4.  UBS reported a total revenue of $10.86 billion in the fourth quarter, lower than the estimated $11.29 billion. The pre-tax loss in the fourth quarter was $751 million, compared to the estimated profit of $177.1 million. UBS plans to resume stock buybacks in 2024, with a maximum scale of $1 billion.
    
5.  TSMC's board of directors has approved an investment of up to $5 billion in TSMC Arizona and an additional investment of up to $5.262 billion in JASM, according to Bloomberg.
    

### Pre-market Movement

In pre-market trading, the three major stock index futures in the US showed mixed movements, while the volatility index remained stable.

![Image](https://pub.pbkrs.com/cms/2024/0/Z3zq3ARNSmgTsyNGD3SBWbV3ueLYmH57.jpg?x-oss-process=style/lg)

Bitcoin is currently trading at $42,697, down more than 1% in the past 24 hours, while Ethereum is trading at $2,317, down 0.12% in the past 24 hours.

![Image](https://pub.pbkrs.com/cms/2024/0/jkE8tffXtCuDKiC9Mmc4EK4Zt6p5j5bF.jpg?x-oss-process=style/lg)

Chinese concept stocks surged in pre-market trading, with XPeng and Li Auto up more than 8%, Bilibili up more than 6%, NetEase, JD.com, and Nio up more than 5%, and Alibaba and Pinduoduo up more than 4%.

Tech stocks showed mixed movements, with Tesla down more than 2% and Nvidia up more than 1%.

### Strategy Review

1.  Nvidia continues its "90-degree rally"! Should you chase the rally or run away?

Wall Street has raised the target price for Nvidia to $800, but the stock's 14-day relative strength index (RSI) has reached 85, indicating it is in "severely overbought" territory. Is it time to take profits?

1.  The "degree of divergence" in the US stock market at the beginning of the year is unprecedented since the 1987 stock market crash!

Negative market breadth suggests that the US stock market is in a bearish environment. "History tells us that ignoring market breadth is usually not a good idea."

1.  Can the "Big Seven" continue to perform well this year? Goldman Sachs: It depends on their earnings.

Goldman Sachs stock strategists believe that strong sales growth will be the key to the "Big Seven" stocks continuing to perform well after their explosive rally in 2023. So far, these seven stocks have performed well, with a return of 7.9%, compared to 2.6% for other components of the S&P 500 index. **4\. Preview | It's coming tomorrow! What should we focus on in Alibaba's earnings report?**

Can the "price war" drive YoY growth in GMV? Is there still room for improvement in the profit margin of Alibaba Cloud? How competitive is the international e-commerce business?

### Related Stocks

- [Meta Platforms, Inc. (META.US)](https://longbridge.com/en/quote/META.US.md)
- [Alphabet Inc. (GOOGL.US)](https://longbridge.com/en/quote/GOOGL.US.md)
- [Alphabet Inc. (GOOG.US)](https://longbridge.com/en/quote/GOOG.US.md)
- [Microsoft Corporation (MSFT.US)](https://longbridge.com/en/quote/MSFT.US.md)
- [Apple Inc. (AAPL.US)](https://longbridge.com/en/quote/AAPL.US.md)
- [Amazon.com, Inc. (AMZN.US)](https://longbridge.com/en/quote/AMZN.US.md)
- [Tesla, Inc. (TSLA.US)](https://longbridge.com/en/quote/TSLA.US.md)
- [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md)
- [Advanced Micro Devices, Inc. (AMD.US)](https://longbridge.com/en/quote/AMD.US.md)
- [XPeng Inc. (XPEV.US)](https://longbridge.com/en/quote/XPEV.US.md)
- [Li Auto Inc. (LI.US)](https://longbridge.com/en/quote/LI.US.md)
- [Bilibili Inc. (BILI.US)](https://longbridge.com/en/quote/BILI.US.md)
- [NetEase, Inc. (NTES.US)](https://longbridge.com/en/quote/NTES.US.md)
- [JD.com, Inc. (JD.US)](https://longbridge.com/en/quote/JD.US.md)
- [NIO Inc (NIO.US)](https://longbridge.com/en/quote/NIO.US.md)
- [Alibaba Group Holding Limited (BABA.US)](https://longbridge.com/en/quote/BABA.US.md)
- [PDD Holdings Inc. (PDD.US)](https://longbridge.com/en/quote/PDD.US.md)
- [NIO-SW (09866.HK)](https://longbridge.com/en/quote/09866.HK.md)
- [NIO Inc (NIO.SG)](https://longbridge.com/en/quote/NIO.SG.md)
- [Invesco Golden Dragon China ETF (PGJ.US)](https://longbridge.com/en/quote/PGJ.US.md)
- [XPENG-W (09868.HK)](https://longbridge.com/en/quote/09868.HK.md)

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