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<h3>Overnight Market Update</h3>
Mixed feelings in the U.S. economic data, with the three major indices collectively closing down for the first time this week. Among the seven major tech stocks, only NVIDIA and Tesla maintained a downward trend throughout the day.
Tesla fell by 4.1%, marking a third consecutive day of decline, with its market value approaching the $500 billion mark. Microsoft rose by 2.4%, Apple by nearly 1.1%, Alphabet-C by 2.5%, extending gains for six consecutive days. Amazon rose by 1.2% for the third day in a row. NVIDIA fell by 3.2%, while AMD dropped by nearly 4%.
AI concept stocks across the board experienced declines, with SoundHound.ai (SOUN) falling by 3.2%. Adobe's second-quarter revenue guidance fell below expectations, leading to a 10% decline after hours.
Popular Chinese concept stocks saw an overall decline this week. Bilibili dropped by nearly 7%, XPeng by over 6%, NIO Inc. USD OV by almost 6%, Li Auto by over 4%, Alibaba by nearly 4%, JD.com by over 3%, Baidu-SW by 3%, NetEase by over 2%, Tencent Music by over 1%, and Pinduoduo rose by 0.7%.
Biopharmaceutical company Spruce Biosciences Inc. plummeted by over 80% after announcing that the results of the Cahmelia-203 study for congenital adrenal hyperplasia did not meet the primary endpoint.
Fisker (FSR.N) surged by over 50% after hours. The company responded to reports of bankruptcy filings, stating that it is in talks with a major automaker to build a strategic partnership.
California biopharmaceutical company Geron Corporation soared by over 100% after hours.
<h3>Blue Chips and Hot Stocks</h3>
SpaceX's Starship had a partially successful third test flight but lost communication upon reentry into the atmosphere. Musk stated that the Starship will take humans to Mars.
Musk mentioned that producing electric semi-trucks near Berlin makes sense. In the long run, the Gigafactory in Brandenburg will definitely produce Tesla's future compact electric vehicles.
Tesla has dropped by about 36% year-to-date. Long-term Tesla investor Ross Gerber expressed frustration, stating that Musk needs to change his behavior or risk being replaced to prevent further stock price declines.
Honda and Nissan are considering collaborating to develop electric vehicles.
Xiaomi Chairman Lei Jun denied that individual users or companies have priority purchasing rights for the Xiaomi SU7.
Nio adjusted the pricing system for its BaaS battery rental service.
Google introduced new password protection measures for Chrome on iOS, with a protection mode that will real-time check if websites are on Google's server-side list of known malicious sites. The new standard protection mode feature for Chrome will be launched on Android later this month.
Adidas reported its first annual loss in over thirty years due to high inventory issues in the U.S. sportswear retail sector, with North American sales expected to decline again this year.
Top hedge funds and private equity firms such as Citadel, KKR, and Blackstone are discussing ways to mitigate penalties from the U.S. Securities and Exchange Commission (SEC) for using unmonitored communication channels.
ByteDance will re-incubate its gaming business.
17 KOLs including Li Jiaqi and Dong Yuhui were named for prominent issues of product quality and price misleading.
<h3>Chips and Artificial Intelligence</h3>
Apple acquires Canadian AI startup DarwinAI and integrates it into the AI department. DarwinAI's AI technology can conduct visual inspections on components during the manufacturing process, with one of its core technologies being to make AI systems smaller in size and faster in speed.
Intel, Qualcomm, and Google plan to challenge NVIDIA's dominant position in the field of AI software through the UXL Foundation.
Google releases a universal AI intelligence body, expecting a revolution in 3D gaming.
Microsoft's Security Copilot security service introduces a new pricing model.
Cognition, a startup with less than two months of establishment but with ten talented engineers, launches an AI assistant named Devin. Different from other existing AI coders, Devin can build websites from scratch, deploy applications, fix bugs, learn new technologies, etc., with humans only playing a role of giving commands and supervising.
<h3>Cryptocurrency</h3>
Bitcoin once fell below $69,000 per coin, with an intraday decline of 5.72%, dropping over $4,000.
JPMorgan: Retail investors and institutions have been buying gold and Bitcoin futures, driving the rise in the crypto market.
<h3>Macro: Taking You Around the World</h3>
US stocks brace for the &#34;triple curse,&#34; with over $5 trillion in options contracts expiring on Friday
Goldman Sachs stated that the significant growth in individual stock options trading is largely driven by contracts related to semiconductor stocks. Over $5 trillion in monthly contracts tied to individual stocks, exchange-traded funds (ETFs), and stock indexes will expire on Friday (March 15), with a large number of monthly contracts expiring alongside stock index futures.
For the first time in 17 years! Japanese media reports that the Bank of Japan is about to end negative interest rates and is arranging for a rate hike next week.
The People's Bank of China: Maintaining reasonably ample liquidity, promoting the scale of social financing and the money supply to match the expected targets of economic growth and price levels.
China's Ministry of Commerce responds to the US TikTok case: China will take all necessary measures to resolutely safeguard its legitimate rights and interests.

AAPL

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TSLA

ADDYY

Over $5 trillion worth of options contracts will expire on Friday. Investors are warning: if Tesla doesn't focus on work, they will replace him. Tesla mentioned the possibility of producing electric semi-trailers at the German factory. Apple acquires Canadian AI startup DarwinAI. ByteDance will re-incubate its gaming business. NIO-SW adjusts the pricing system for its BaaS battery rental service. The first "AI Software Engineer" makes an appearance. Adidas reports its first annual loss in over thirty years.

LB Select

Apple

NIO-SW

Tesla

NIO Inc. USD OV

Adidas

Breakfast | US stocks will face the "triple curse", with Tesla's market value approaching the brink of falling below $500 billion.