---
title: "US Pre-market | XPeng and Li Auto lead the rise of Chinese concept stocks! Tesla, Nvidia up more than 1%, cryptocurrency concept stocks plummet"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/201062000.md"
description: "Pre-market trading: Li Auto rose more than 4%, XPeng and Bilibili rose more than 2%, JD.com rose nearly 2%, Alibaba, Pinduoduo, and Nio rose more than 1%; Microstrategy plummeted over 6%, Marathon Digital fell 2%, Coinbase fell 1%; Trump concept stock DJT once fell more than 6%"
datetime: "2024-04-01T10:08:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/201062000.md)
  - [en](https://longbridge.com/en/news/201062000.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/201062000.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/201062000.md) | [繁體中文](https://longbridge.com/zh-HK/news/201062000.md)


# US Pre-market | XPeng and Li Auto lead the rise of Chinese concept stocks! Tesla, Nvidia up more than 1%, cryptocurrency concept stocks plummet

### Pre-market trading in US stocks

1.  The price of Tesla Model Y Long Range version has increased from $48,990 to $49,990. The price of Model Y Performance version has increased from $52,490 to $53,490. The price of Model Y Rear-Wheel Drive version has increased from $43,990 to $44,990.
    
2.  In March, Li Auto delivered 28,984 new vehicles, a year-on-year increase of 39.2%; a total of 80,400 vehicles were delivered in the first quarter, a year-on-year increase of 52.9%.
    
3.  In March, XPeng delivered a total of 9,026 new vehicles, with month-on-month and year-on-year growth of 29% and 99% respectively. In the same month, the X9 model delivered 3,946 units, with nearly 8,000 units delivered in the first three months since its launch. From January to March, XPeng delivered a total of 21,821 new vehicles, a year-on-year increase of 20%.
    
4.  Nio delivered 11,866 vehicles in March, a year-on-year increase of 14.3% and a month-on-month increase of 46%.
    
5.  Microsoft announced that it will globally separate its chat and video app Teams from its Office products for sale. Six months ago, Microsoft split these two products in Europe to avoid potential antitrust fines from the European Union. Since 2020, the European Commission has been investigating Microsoft's bundling of Office and Teams.
    
6.  Xiaomi's SU7 Founder's Edition second round of additional sales was sold out at noon today Hong Kong time.
    
7.  According to South Korea's "Maeil Business Newspaper", due to strong demand, Samsung is reportedly planning to raise SSD prices by up to 25%.
    

### Pre-market movements

In pre-market trading in the US stock market, the three major stock index futures rose, while the fear index plummeted.

Bitcoin is currently trading at $69,413, down more than 1% in the past 24 hours; Ethereum is currently trading at $3,540, down more than 1% in the past 24 hours.

Chinese concept stocks and technology stocks are generally up, while cryptocurrency-related stocks are down.

Li Auto surged over 4%, leading the gains in Chinese concept stocks. XPeng and Bilibili rose over 2%, JD.com rose nearly 2%, Alibaba, Pinduoduo, and Nio rose over 1%.

Tesla, Nvidia, AMD rose over 1%, while Amazon, Microsoft, Apple, and Meta all rose.

Microstrategy plunged over 6%, Marathon Digital fell 2%, and Coinbase fell 1%.

Trump-related stock DJT fell more than 6% at one point.

### Strategy Review

**1\. As US stocks continue to hit new highs, retail investors are flocking to high-leverage ETFs**

Analysts expect retail investors to lean towards contrarian bets, buying on dips or selling on highs. They also noted that retail investors are diversifying their investments, shifting from stocks like the "Big Seven" in the US stock market with the largest gains to other stocks. Data shows that retail investors are looking to enter the market early as stock market gains widen **2\. The "Seven Sisters" of the US stock market have become the "Big Four"**

Apple, Tesla, and Google have fallen behind, while the other four giants contributed to nearly half of the S&P 500 index's increase in the first quarter.

**3\. US tech stocks are no longer "dominating", is it the turn of mid and small caps next?**

The "Seven Tech Giants" saw their momentum slow in March, with a market cap-weighted increase of only 1.6%, marking their worst performance since December last year. Meanwhile, cyclical industries performed well, with energy and finance rising by nearly 12% in the first quarter, indicating a significant improvement in market breadth

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