<h3>U.S. Stock News</h3>
<ol>
<li>
Game Station's pre-market stock price surged more than 26%, with the &#34;number one bull stock&#34; who previously drove the retail investors' battle on Wall Street returning to the social media platform &#34;X&#34; after three years.
</li>
<li>
JD.com and Xiaomi have reached a cooperation agreement, with Xiaomi setting a sales target of 200 billion yuan on all channels of JD.com in the next three years.
</li>
<li>
Tencent Music announced a revenue of 6.77 billion yuan in the first quarter, a year-on-year decrease of 3.4%; a non-IFRS net profit of 1.7 billion yuan in the first quarter, a year-on-year increase of 20.8%. It will distribute an annual cash dividend of approximately 1.516 billion yuan for the first time.
</li>
<li>
Nio's second brand, Leda, is about to be launched, with the first car targeting Tesla Model Y. Nio's founder, Li Bin, stated that the cost of Leda L60 will be reduced by around 10% compared to Tesla Model Y.
</li>
<li>
NetEase Games announced that the 2024 NetEase Games 520 online conference will be held at 19:30 on May 20th, featuring games such as &#34;Yan Yun Sixteen Sounds,&#34; &#34;Firefly Assault,&#34; &#34;Marvel Ultimate Reversal,&#34; &#34;Pokemon Grand Adventure,&#34; &#34;Egg Party,&#34; and &#34;The Lord of the Rings: Strife.&#34;
</li>
<li>
Tencent WeGame's official Weibo account announced that the annual event &#34;Game Night&#34; will start at 8 p.m. on May 19th.
</li>
</ol>
<h3>Pre-market Movement</h3>
In the U.S. stock market pre-market, the three major stock index futures rose, while the fear index fell.
Bitcoin is currently trading at $62,866, up more than 3% in the past 24 hours; Ethereum is currently trading at $2,977, up more than 2% in the past 24 hours.
Chinese concept stocks and cryptocurrency-related stocks are all up, while tech stocks show mixed movements.
Bilibili rose over 4%, Alibaba rose nearly 4% leading the Chinese concept stocks, JD.com rose 3%, Pinduoduo, Baidu, Nio rose over 1%, XPeng, Li Auto rose nearly 1%, and NetEase slightly rose.
Microstrategy rose 4%, Marathon Digital rose over 3%, Coinbase rose over 2%.
Microsoft rose over 1%, Apple, Tesla, Nvidia rose nearly 1%.
In terms of individual stocks, Tencent Music surged nearly 8% at one point, exceeding market expectations for Q1 performance.
Rendong Medicine surged over 6% at one point, and Ripretinib has been approved by the China National Medical Products Administration.
Biopharmaceutical company Tevogen Bio surged 86% at one point, currently up around 56%, with the company receiving a $50 million strategic investment.
Novavax Pharmaceuticals surged 12% at one point, collaborating with Sanofi to develop a flu and COVID-19 combination vaccine.
<h3>Strategy Review</h3>
1. Key Issues Regarding the Hot &#34;AI Power Supply Stocks&#34;
Morgan Stanley stated that the tight supply in the electricity market will not be eased in the short term. If the &#34;power shortage&#34; continues and data center business slows down, it may lead to a pullback in high-priced chip stocks including Nvidia
2. Why can the seven giants continue to lead the rise of the US stock market?
Solid fundamentals! High free cash flow and a strong balance sheet are the most core factors that make large technology companies popular on Wall Street and among global investors.
3. US stocks regain momentum in May! Fidelity: Three factors support the market rebound
The US stock market resumed its rise in early May, with Fidelity's head of quantitative market strategies stating that favorable US bond yields, strong corporate earnings prospects, stock market valuations and momentum, as well as undervalued small and medium-sized stocks, are the three factors supporting the market rebound

JD.com pre-market up 3%, Pinduoduo, Baidu, Nio up over 1%, XPeng, Li Auto up nearly 1%; Microsoft up over 1%, Apple, Tesla, Nvidia up nearly 1%. Tencent Music briefly surged nearly 8%. Biopharmaceutical company Tevogen Bio surged 86% at one point, now up around 56%. Novavax Pharmaceuticals briefly surged 12%

LB Select

Bilibili

Alibaba

GameStop

JD.com

Baidu

XPeng

Li Auto

Microsoft

Apple

Tesla

NVIDIA

Alphabet

Alphabet - C

Amazon

Meta Platforms

Tencent Music

Tevogen Bio

Novavax

NetEase

Strategy

Coinbase

Mara

Zai Lab

Pre-market trading in US stocks | Bilibili, Alibaba up 4% leading Chinese concept stocks! GameStop GME surged 26% at one point