<h3>U.S. Stock News</h3>
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According to Reuters, Nio has reached a battery procurement agreement with BYD for its new electric vehicle brand.
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According to Bloomberg, Amazon plans to invest $9 billion to expand its cloud computing infrastructure in Singapore.
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According to Apple Insider, Apple plans to enhance the AI capabilities of its &#34;Photos&#34; app to achieve &#34;Photoshop-level editing&#34; functionality.
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According to The Information, OpenAI is considering postponing this week's product launch event.
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BP's adjusted net profit for the first quarter was $2.72 billion, below the market estimate of $2.92 billion. Adjusted earnings per share for the first quarter were $0.1624, below the market estimate of $0.17. First-quarter dividend was $0.0727 per share, below the market estimate of $0.07. The company repurchased $1.75 billion worth of shares in the first quarter. It still expects total capital expenditure for the year to be around $16 billion.
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UBS reported a first-quarter net profit of $1.76 billion, exceeding the estimate of $598.3 million. Total revenue was $12.74 billion, up 46% year-on-year. Net interest income was $1.94 billion, up 40% year-on-year. Net fee and commission income was $6.49 billion, up 41% year-on-year. Pre-tax profit was $2.38 billion, exceeding the estimate of $1.16 billion.
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Nintendo: Will announce the follow-up models of the Switch business in the 2024 fiscal year.
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</ol>
<h3>Pre-market Movers</h3>
In pre-market trading, the three major stock index futures in the U.S. showed mixed movements, with the fear index rising.
Bitcoin is currently trading at $64,118, down nearly 2% in the past 24 hours; Ethereum is currently trading at $3,113, down nearly 3% in the past 24 hours.
Cryptocurrency-related stocks are generally up in pre-market trading, while technology stocks and Chinese concept stocks are mostly down.
Microstrategy is up nearly 3%, Marathon Digital and Coinbase are up nearly 1%.
Tesla is down over 2%, Nvidia is down over 1%, AMD, Meta, Microsoft, and Amazon are down, while Apple is up nearly 1%.
Bilibili is down over 5%, NetEase and Nio are down over 4%, XPeng is down over 3%, Baidu, Alibaba, JD.com are down over 2%, Pinduoduo is down 2%, and Li Auto is down nearly 1%.
In individual stock movements, Faraday Future surged over 16% at one point, with Jia Yueting considering taking on the role of co-CEO at FF.
UBS surged over 8%, with Q1 net profit increasing by over 70% year-on-year, reaffirming its capital return target.
Palantir fell 10%. Palantir reported first-quarter revenue of $634 million, slightly below analysts' expectations of $615.8 million. The company expects second-quarter revenue to be between $649 million and $653 million, while analysts expect $653 million
Lucid dropped nearly 9%, with first-quarter losses per share exceeding expectations, while maintaining annual production.
WeChip Technology once fell over 5%, with Q4 adjusted earnings per share declining by over 65% year-on-year, and performance guidance being weak.
Fresenius Medical Care fell 9% at one point, with first-quarter net income declining.
Enovix dropped over 5%, laying off 170 employees, accounting for about one-third of the total workforce.
<h3>Strategy Review</h3>
1. Should you sell in May in the US stock market?
Sell in May and go away? BlackRock: No! Reasons for investors to stay in the stock market in May include: the Fed's fight against &#34;higher for longer&#34;; although the labor market remains strong, it may become less tight; a stock buyback frenzy, not only happening in well-known large companies.
2. Market Concerns: Will NVIDIA's performance be unable to support the stock price?
NVIDIA will announce its financial results on May 22. &#34;You will see a lot of chip buyers coming in, saying we have bought a lot, we are buying more. The problem NVIDIA faces is: is this enough?&#34;
3. Morgan Stanley's Wilson: Amid stock market volatility, defensive stocks should be bought
The US economy still has the potential to achieve a so-called &#34;soft landing&#34; or &#34;no landing&#34; state, even though interest rates remain relatively high and economic growth remains resilient. If indicators measuring business activity further slow down, people may even consider increasing holdings in defensive sector stocks, such as utilities and consumer staples

Bilibili plunged more than 5% in pre-market trading, NetEase and Nio dropped over 4%, XPeng fell over 3%, Baidu, Alibaba, JD.com dropped over 2%, Pinduoduo fell 2%, Li Auto dropped nearly 1%. Tesla fell over 2%, Nvidia fell over 1%, Apple rose nearly 1%. Faraday Future surged over 16% at one point. Palantir dropped 10%

LB Select

Bilibili

NetEase

XPeng

Baidu

Alibaba

JD.com

Li Auto

Tesla

NVIDIA

Apple

Microsoft

Meta Platforms

Alphabet

Alphabet - C

Amazon

Faraday Future Intelligent Electric

Palantir Tech

UBS Group AG

Strategy

Coinbase

Mara

Pre-market trading in US stocks | Tesla leads the decline in tech stocks, Bilibili leads the decline in Chinese concept stocks!