<h3>U.S. Stock Market News</h3>
<ol>
<li>
Reporter's Question: Recently, the United States imposed sanctions on multiple Chinese companies due to alleged Russian factors. What is China's response to this?
Answer: China has taken note of the situation. The U.S. actions are typical unilateral sanctions, extraterritorial jurisdiction, and economic coercion, which violate international economic and trade rules and order, undermine the security and stability of the global industrial chain and supply chain. China firmly opposes this. China will take necessary measures to resolutely defend the legitimate rights and interests of Chinese companies.
</li>
<li>
LI AUTO: In the fourth quarter of 2023, LI AUTO's revenue reached RMB 41.73 billion, exceeding market expectations of RMB 39.8 billion, a year-on-year increase of 136% from RMB 17.65 billion in the same period last year; the adjusted net profit was RMB 4.59 billion, a year-on-year growth of 374.2%. Vehicle sales revenue in the fourth quarter was RMB 40.38 billion (USD 5.69 billion), up by 133.8% year-on-year and 20.1% quarter-on-quarter.
</li>
<li>
Alibaba: Chairman Joseph Tsai stated that after a period of pressure, Alibaba has returned to the top tier of Chinese e-commerce companies. The progress of Alibaba Cloud's IPO plan will be more reasonable if investor sentiment is positive. Although the cloud IPO plan has been shelved, the group is still committed to enhancing AI capabilities and making money through cloud computing. Cainiao submitted its listing application to the Hong Kong Stock Exchange on September 26, 2023. Tsai mentioned that the current market performance is not ideal, and they are waiting for a better opportunity.
</li>
<li>
Taobao: There are market rumors that merchants and products on the Taote platform will soon be migrated back to Taobao. In the future, Taote merchants' main operating base will shift to Taobao, retaining various data tags such as historical sales and reviews. An internal source from Taobao stated that Taote will continue to develop while increasing the full supply from Taobao to serve Taote's existing market users.
</li>
<li>
Baidu: Media reports that Luo Qi, responsible for the overall software architecture, regulation, control, and vehicle interaction technology of Baidu's L2+ intelligent driving business, has recently joined NVIDIA's automotive business unit as the Director of Engineering, reporting to NVIDIA's automotive head Wu Xinzhou.
</li>
<li>
Meta &amp; LG: The next-generation virtual reality (VR) headset Quest Pro (Meta Quest Pro 2) produced in collaboration between Meta and LG will be launched in the first half of 2025.
</li>
<li>
Xiaomi: President Lu Weibing stated that the pricing of Xiaomi's car will be announced &#34;very soon,&#34; with domestic deliveries expected to start as early as the second quarter.
</li>
<li>
New Oriental: The &#34;Returning Home Plan&#34; aims to help re-employ former employees and does not involve subject-specific training at the compulsory education stage.
</li>
</ol>
<h3>Pre-Market Movers</h3>
In pre-market trading, the three major stock index futures in the U.S. are mixed, with a significant increase in the panic index.
<img src="https://pub.pbkrs.com/cms/2024/0/kS3dHtVj6s1NKsZxwNvewTaZsekhKoJU.jpg?x-oss-process=style/lg" alt="Pre-Market Trading" original-src="https://pub.pbkrs.com/cms/2024/0/kS3dHtVj6s1NKsZxwNvewTaZsekhKoJU.jpg"/>
Bitcoin is currently trading at $51,027, down over 1% in the past 24 hours; Ethereum is trading at $3,051, up over 1% in the past 24 hours.
<img src="https://pub.pbkrs.com/cms/2024/0/jAWZX8HwVPKX9RyoeZGHYMB2TkGJZkBd.jpg?x-oss-process=style/lg" alt="Bitcoin and Ethereum Prices" original-src="https://pub.pbkrs.com/cms/2024/0/jAWZX8HwVPKX9RyoeZGHYMB2TkGJZkBd.jpg"/>
<h3>Pre-market fluctuations in tech stocks are mixed, with NVIDIA up over 1%, AMD up nearly 1%, Amazon rising, while Tesla, Microsoft, Apple, Meta, and Google are down.</h3>
In terms of Chinese concept stocks, Li Auto surged over 7%, XPeng up 3%, Nio up nearly 2%, while Alibaba, JD.com, Pinduoduo, and NetEase are down.
On individual stocks, the space exploration startup Intuition Machines plummeted by 35% at one point. The lunar probe launched by the company successfully landed on the moon, but the lander's foot got stuck in lunar rocks.
Berkshire Hathaway rose by 5%, with its fourth-quarter earnings exceeding expectations.
<h3>Strategy Review</h3>
1. Why is Wall Street afraid to short AI?
&#34;Never short bubble stocks when they are at their peak, but that doesn't mean you have to own them.&#34; The short interest ratio of the seven tech giants' outstanding shares has dropped to only 1%, hovering near the lowest level since at least 2015!
2. Tech stocks in the US stock market are stagnating, what to do now?
The Nasdaq formed a shooting star on the daily chart last Friday, a warning signal indicating that the bullish trend may have exhausted after a sustained rise. Bears need to see a lower low below last week's low of 17,315 to confirm that the price has peaked. A key support level is at 17,660.
3. The US stock market has taken on the &#34;mad cow&#34; script! How will the future play out?
Was NVIDIA the biggest market mover last week? No, the news most likely to affect the long-term trend is the speech by Federal Reserve Governor Chris Waller: When and whether will the Fed cut interest rates in 2024?!

In Q4, Li Auto's revenue doubled, with a pre-market surge of over 7%. XPeng-W rose by 3%, NIO-SW by nearly 2%, while Alibaba, JD.com, Pinduoduo, and NetEase declined. NVIDIA surged by over 1%, and AMD by nearly 1%. Aito Machine plummeted by 35%, while Berkshire Hathaway rose by 5%, exceeding expectations in its fourth-quarter earnings.

LB Select

Meta Platforms

Alphabet

Alphabet - C

Microsoft

Apple

Amazon

Tesla

NVIDIA

Netflix

Intuitive Machines

Berkshire Hathaway B

Alibaba

JD.com

NetEase

Baidu

Li Auto

XPeng

XPENG-W

Berkshire Hathaway

NIO Inc. USD OV

NIO-SW

Pre-market trading in US stocks: Li Auto surged more than 7%, lifting XPENG-W and NIO-SW! Joseph Tsai mentioned that Cainiao is waiting for a better opportunity to list in Hong Kong.