<h3>Top News in US Stocks</h3>
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On February 7th, Wang Shouwen, China's Vice Minister of Commerce and International Trade Negotiation Representative (Ministerial Level), held talks with Shang Bo, Deputy Secretary of the US Treasury.
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Investment banks such as Goldman Sachs and Baird have released research reports, expressing optimism about BABA-SWR's proactive approach to investment for growth and increasing shareholder returns. They have given BABA-SWR &#34;outperform&#34; or &#34;buy&#34; ratings.
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Baird pointed out that BABA-SWR's strengths lie in its global leadership position in the e-commerce market, diversified business portfolio, and strong natural user growth.
Goldman Sachs emphasized that BABA-SWR achieved quarterly results in line with expectations and believes that Alibaba's valuation is attractive. The current market value only reflects the value of Taobao and Tmall, without taking into account the leading public cloud and international business in China.
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McKinsey has issued a warning to about 3,000 of its consultants, stating that their performance is not satisfactory and needs improvement. This indicates that the consulting industry is facing challenges due to economic weakness.
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SK Hynix and Taiwan Semiconductor have established an artificial intelligence (AI) chip alliance called &#34;One Team Strategy.&#34; The alliance will collaborate on the development of the sixth-generation HBM chip (HBM4). According to the agreement, Taiwan Semiconductor may handle part of the manufacturing process for HBM4.
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Societe Generale, a French bank, reported a net profit of 430 million euros in the fourth quarter, a 60% decrease compared to the same period last year. The estimated net profit was 450.6 million euros. The stock trading revenue in the fourth quarter was 765 million euros, and the loan loss provision was 361 million euros.
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<h3>Pre-market Movement</h3>
In pre-market trading, the three major stock index futures showed mixed trends, and the fear index rose.
Bitcoin is currently trading at $44,733, up nearly 4% in the past 24 hours. Ethereum is currently trading at $2,424, up 2.6% in the past 24 hours.
Tech stocks showed mixed trends in pre-market trading. Tesla rose over 1%, while Nvidia, Meta, and Amazon saw gains. AMD and Microsoft declined.
Most Chinese stocks showed a downward trend in pre-market trading. BABA-SWR and JD.com fell nearly 2%, while Nio, XPeng, Bilibili, and Baidu declined. Pinduoduo bucked the trend and rose nearly 1%, while Li Auto and NetEase saw gains.
In terms of individual stocks, Arm rose over 20% in pre-market trading, with double-digit growth in revenue and operating profit for the third quarter of the fiscal year 2024.
Disney rose over 6% in pre-market trading, with a 49.41% year-on-year increase in net profit for the first quarter.
<h3>Strategy Review</h3>
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<li>Expectations are high ahead of Nvidia's earnings report!</li>
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Morgan Stanley has also raised its target price for Nvidia: even after such a significant increase, the dynamic valuation is still below 25! As a leading chip company, Nvidia has maintained a relatively low price-to-earnings ratio during its strong upward trend for over a year, indicating that this growth stock is still &#34;undervalued&#34;.
2. Eddie Wu's first quarter in charge of BABA-SWR Cloud: Profit is more important than revenue
Compared to tactical predictions, Eddie Wu's strategic vision is more commendable. After three CEO changes in a year, BABA-SWR Cloud has finally found its footing. Based on a series of actions taken by Eddie Wu since taking office, it can be seen that he attaches great importance to BABA-SWR Cloud. Due to industry trends and internal and external environments, BABA-SWR Cloud is also making choices.
3. Technology continues to lead the way! But what if the &#34;Big Seven&#34; in the US stock market collapse?
Some analysts believe that even if large-cap tech stocks experience a correction, reasonable valuations and the fundamental recovery of profitability will benefit other stocks, and the overall stock market may still generate positive returns.

Tesla rose more than 1% in pre-market trading, BABA-SWR and JD fell nearly 2%, while PDD rose against the trend by nearly 1%. Arm surged more than 20%, with double-digit growth in revenue and operating profit for the third quarter of the company's fiscal year 2024. Disney rose over 6%, with a year-on-year increase of 49.41% in net profit for the first quarter.

LB Select

Meta Platforms

Alphabet

Alphabet - C

Microsoft

Apple

Amazon

Tesla

NVIDIA

Disney

Alibaba

JD.com

Li Auto

XPeng

Bilibili

NetEase

Baidu

BABA-W

JD-SWR

JD-SW

BABA-WR

Pre-market US stocks | BABA-SWR, JD down, PDD rises against the trend!