Good morning! A great day starts with making money.<h3>Overnight Morning Market</h3>The US released unemployment data indicating a slowdown in the labor market: initial jobless claims last week unexpectedly increased by 231,000, marking the largest weekly increase in eight months. The unemployment data may pave the way for the Fed to cut interest rates this year.The three major US stock indexes collectively rose for the second day this week after Monday. The Dow rose by 0.85%, marking a seven-day consecutive increase and the longest streak since December 19, 2023. The S&amp;P 500 index rose by 0.51% to 5214.08 points. The Nasdaq rose by 0.27%.Tesla fell by nearly 1.6%, marking a three-day decline. Apple rose by 1% for the third consecutive day. Amazon rose by 0.8%, while Microsoft rose by over 0.4%. Nvidia fell by over 1.8%, and Arm fell by 2.3%.Popular Chinese concept stocks rebounded overall. XPeng rose by 3.4%, Nio rose by 2.2%, Li Auto rose by 1%, and Xiaomi fans rose by 1.6%. Tencent fans rose by nearly 3%, Bilibili rose by over 2%, NetEase rose by nearly 2%, while Alibaba, Baidu, JD.com rose by over 1%, and Pinduoduo fell by 2%.Roblox fell by nearly 22.1%. Duolingo fell by 18%; SolarEdge fell by 8.5%; AMC fell by 4.4%.<h3>Blue Chips and Hot Stocks</h3>BP is actively seeking to acquire land to expand the scale of its electric vehicle charging network.The US Securities and Exchange Commission (SEC) is investigating Boeing's safety statement to determine if it misled investors.According to the Wall Street Journal: T-Mobile is close to acquiring a part of US Cellular for over $2 billion. The deal may be reached later this month. US Cellular surged after the report, triggering a volatility halt, closing up over 27%.US Senator Sherrod Brown wrote to Amazon and Walmart about the issue of &#34;dynamic pricing&#34;.Nintendo will terminate Switch services associated with user X accounts.Disney and Warner will offer streaming bundled packages in the US starting this summer.On May 15th, Nio will officially launch its second brand - Leda.Hong Kong media: Sun Hung Kai's Yuen Long project oversubscribed by over 40 timesSun Hung Kai's residential project, The YOHO Hub II in Yuen Long, was oversubscribed by over 40 times. The project in Yuen Long released 210 units last Saturday and received over 8,700 applications.<h3>Chips and Artificial Intelligence</h3>Apple will use self-developed server chips to support AI functions this yearSources said that Apple will deploy high-end chips in cloud computing servers to handle the most advanced artificial intelligence tasks on Apple devices, while simpler AI-related functions will be processed directly on iPhone, iPad, and Mac devices. Apple has started focusing on future versions based on the M4 chip. This move will be part of the iOS 18 system to be launched in the fall.Media exposed Apple's roadmap for significantly advancing artificial intelligence (AI) functions this year: deploying its own data center chips to fully launch AI functions on the edge and cloud. This approach represents a shift for AppleOver the years, Apple has always prioritized edge AI.OpenAI is planning to announce its AI search product next Monday, potentially competing with Google and well-funded AI search startup Perplexity.Google's developer conference will open next Tuesday, where it is expected to launch a series of AI-related products.Reports show that AMD's share in the x86 server CPU market is further increasing.<h3>Cryptocurrency</h3>Citadel Securities CEO: The use of artificial intelligence and misinformation are concerns before the U.S. election. Regulatory uncertainty in cryptocurrencies remains an issue.Bitcoin briefly rose above $62,000.<h3>IPO Opportunities</h3>ZEEKR's U.S. IPO raised $440 million at a valuation of $5.1 billionMedia reports that ZEEKR issued 21 million American Depositary Shares (ADS) at a price of $21 per share in its U.S. initial public offering, at the high end of the $18 to $21 price range. The company closed the subscription one day early after oversubscription in the IPO.The owner of Calpine, the largest natural gas and geothermal power generation company in the U.S., is exploring various options including sale and initial public offering.<h3>Macro: A Global Perspective</h3>Fed's Daly: It will take more time for restrictive interest rates to take effect. Rate cuts could be considered if the labor market deteriorates.U.S. Treasury Secretary Yellen: Inflation rates have dropped significantly but have not yet reached the target level.Initial jobless claims in the U.S. rose to 231,000 in the week ending May 4, with expectations at 215,000 and the previous value at 208,000.Short interest on the NYSE increased by 0.9% at the end of April, to 16.36 billion shares.China and Hungary have elevated their relationship to a new era of all-weather comprehensive strategic partnership.Hangzhou and Xi'an have fully lifted housing purchase restrictions, with the former's housing purchase for residency being misinterpreted as unilateral, leaving only 6 places in the country with purchase restrictions

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US stocks collectively closed higher. The media reported that Apple will use its own chips in the cloud to support artificial intelligence functions in 2024. OpenAI plans to announce an AI search product next week. Google's web developer conference will open next Tuesday. Disney and Warner will offer streaming bundled packages in the US starting this summer. Nio will launch its second brand next week. ZEEKR's US IPO raised $440 million at a valuation of $5.1 billion, with the offering price at the upper end of the range

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Breakfast | Dow Jones Industrial Average rises for the seventh consecutive day, while Nvidia and Tesla both fall for the third consecutive day, Apple undergoes a major transformation in its AI strategy