<h3>U.S. Stock Market News</h3>
<ol>
<li>
On April 17, 2024, during the Spring Meetings of the International Monetary Fund/World Bank in Washington D.C., Yi Gang, Governor of the People's Bank of China, met with Jerome Powell, Chair of the Federal Reserve, to exchange views on the economic situation, monetary policy, financial stability, and other topics between China and the U.S.
</li>
<li>
TSMC reported a net profit of NT$225.5 billion in the first quarter, slightly exceeding the estimated NT$214.91 billion. The gross profit margin for the first quarter was 53.1%, in line with the estimated 53%.
</li>
</ol>
TSMC expects second-quarter sales to be between $19.6 billion and $20.4 billion; gross margin is expected to be between 51% and 53%, with an estimated 52.8%; operating margin is expected to be between 40% and 42%, with an estimated 41.3%.
<ol>
<li>
Lei Jun responded to online users urging for delivery during the 20-day live broadcast of the Xiaomi SU7 launch, stating that sales were three to five times higher than expected, which is a bit of a headache. However, partners have been very supportive and delivery speed has been fast.
</li>
<li>
Since the launch of the semi-fulfillment model on AliExpress, it has been continuously popular. As a result, AliExpress has opened 3 new warehouses in Chengdu, Qingdao, and Tianjin in the past week to meet the shipping needs of merchants.
</li>
<li>
Yang Yuanqing, Chairman and CEO of Lenovo Group, stated that Lenovo is collaborating with Alibaba on AI PCs and enterprise intelligent solutions. At the event, Yang Yuanqing unveiled the latest AI PC - Yoga Book 9i. This AI PC is equipped with Xiaotian Intelligent Body, which can provide a more secure AI large model experience in offline environments. Sources revealed that Xiaotian Intelligent Body is built on Alibaba's Tongyiqianwen and will serve as an AI assistant for Lenovo users in the future.
</li>
<li>
Alibaba has reduced its stake in Yun Music from 9.35% to 8.32%.
</li>
</ol>
<h3>Pre-market Movers</h3>
In the U.S. pre-market, the three major stock index futures are up, while the fear index is down.
Bitcoin is currently trading at $61,531, down 3% in the past 24 hours; Ethereum is trading at $2,999, down 3% in the past 24 hours.
Tech stocks, Chinese concept stocks, and cryptocurrency-related stocks are mixed.
Among the seven giants, only Tesla fell by more than 1% pre-market, while Nvidia, Meta, Microsoft, and others all saw slight gains.
In terms of Chinese concept stocks, Li Auto rose by nearly 2%, NetEase and Baidu rose by over 1%, Bilibili, Nio, XPeng, Pinduoduo, and Alibaba all rose, while JD.com saw a slight decline.
Marathon Digital rose by 1%, Coinbase saw a slight increase, and Microstrategy saw a slight decline.
TSMC initially rose by nearly 4% but is currently down by over 2%.
Micron Technology rose by over 3% at one point and is expected to receive over $6 billion in chip funding.
Alcoa Corporation rose by over 2%, with Q1 revenue exceeding expectations and annual guidance relatively positive
Ctrip rose by 4% at one point, and UBS expects its first-quarter performance to grow steadily by 29%.
<h3>Strategy Review</h3>
1. In a bull market scenario, is NVIDIA's stock price expected to break through $1500 next year?
&#34;We believe that investors underestimate: 1) the importance of the ecosystem created by NVIDIA with chips + hardware + software; 2) the computing era lasting 15-20 years, usually dominated by a vertically integrated ecosystem company, with returns ranging from 100 to 1000 times.&#34;
2. &#34;Brightest Star&#34; in the U.S. Market: VIX
The U.S. stock market continues to decline, with escalating tensions in the Middle East and approaching freezing point of interest rate cuts, leading to the panic index VIX rising to its highest level since October last year. U.S. bond volatility has also increased, with investors buying put options to protect their portfolios from market volatility. In addition, geopolitical tensions have led investors to purchase downside protection.
3. The U.S. stock market crash has just begun, and the bear market will continue throughout 2024?
Stagnation in inflation progress, uncertainty about when the Federal Reserve will cut interest rates, and the volatility of this year's elections will all bring pressure to the stock market! However, there may be a &#34;very good buying opportunity on dips.&#34;

Li Auto rose nearly 2% in pre-market trading, while NetEase and Baidu rose over 1%. Bilibili, Nio, XPeng, Pinduoduo, and Alibaba all saw gains, while JD.com experienced a slight decline. TSMC initially rose nearly 4%, but is now down over 2%. First-quarter revenue and net profit both exceeded expectations

LB Select

Meta Platforms

Alphabet

Alphabet - C

Microsoft

Apple

Amazon

Tesla

NVIDIA

Taiwan Semiconductor

Alcoa

Trip.com

Micron Tech

Alibaba

JD.com

Li Auto

XPeng

NetEase

Baidu

Strategy

Coinbase

Mara

BIDU-SWR

BIDU-SW

LI AUTO-W

NTES-S

NETEASE MUSIC

NIO-SW

NIO Inc. USD OV

Pre-market trading in US stocks | Li Auto leads the way in Chinese concept stocks! Among the seven giants, only Tesla fell by more than 1%