<h3>U.S. Stock News</h3>
<ol>
<li>
Faraday Future's stock surged by 104% in pre-market trading, currently up by around 70%, with a cumulative increase of over 2100% last week.
</li>
<li>
Li Auto reported a first-quarter revenue of 25.6 billion RMB, a year-on-year growth of 36%, slightly below the estimated 25.58 billion RMB; the adjusted net profit attributable to shareholders in the first quarter was 1.28 billion RMB; adjusted earnings per ADS in the first quarter were 1.21 RMB, compared to 1.44 RMB in the same period last year.
</li>
</ol>
Li Auto expects a second-quarter revenue of 29.9 billion RMB to 31.4 billion RMB, while the market estimates 38.63 billion RMB; the expected delivery volume in the second quarter is between 105,000 and 110,000 vehicles, with the market estimating 130,692 vehicles.
<ol>
<li>
Is Apple's official direct sales channel joining the &#34;price war&#34;? The Tmall Apple flagship store launched a limited-time promotion from 8 p.m. on May 20th to May 28th, with discounts on the iPhone 15 series, including a 2050 RMB discount on the latest iPhone 15 Pro Max.
</li>
<li>
According to Bloomberg, Airbus has won an order for 105 narrow-body aircraft from a Saudi airline.
</li>
<li>
EHang Intelligent's total revenue in the first quarter was 61.7 million RMB, a year-on-year increase of 178.0%, with an operating loss of 65.8 million RMB, narrowing by 13.1% year-on-year. In the first quarter of 2024, the company's operating cash flow turned positive, marking the second consecutive quarter of positive operating cash flow.
</li>
<li>
Sohu's first-quarter revenue was 139 million USD, a 14% year-on-year decrease; it is expected that online game revenue in the second quarter will increase from 133 million USD to 143 million USD.
</li>
<li>
Bloomberg reports that WeWork is making progress in its ongoing strategic restructuring.
</li>
</ol>
<h3>Pre-market Movement</h3>
In the U.S. stock market pre-market, the three major stock index futures are up, while the fear index is down.
Bitcoin is currently trading at $67,011, with a slight decrease in the past 24 hours; Ethereum is trading at $3,097, down 0.4% in the past 24 hours.
Meme stocks continue to surge, with cryptocurrency-related stocks rising, tech stocks and Chinese concept stocks showing mixed movements.
CRKN surged by 72% at one point, currently up by 34%; AMC Theatres and GameStop (GME) are up by nearly 2%.
MicroStrategy and Coinbase are up by nearly 2%, while Marathon Digital is up by nearly 1%.
NVIDIA is up by over 1%, AMD, Tesla, Meta, Amazon, and Microsoft are up, while Apple is down by nearly 1%.
Li Auto dropped by over 5% after earnings, Bilibili dropped by over 2%, Alibaba and Baidu are down by 1%, JD.com is slightly down, NetEase is slightly up, Pinduoduo and Nio are up by over 1%, and XPeng is up by over 4%
In terms of individual stocks, EHang Intelligent surged over 7%, with Q2 revenue guidance significantly increasing.
Wix.com rose by 7%, with Q1 performance exceeding expectations.
<h3>Strategy Review</h3>
1. &#34;US stock leader&#34; NVIDIA is about to release its financial report, market focuses on these three points
First, the trend of profit margin; second, the ramp-up situation of Blackwell architecture chip production capacity; third, with the transition from GB200 to the previous generation chips, will the demand growth rate slow down?
2. AI layout is gradually accelerating, will Snowflake's stock price &#34;squat and jump ahead&#34;?
Snowflake is set to announce its latest quarterly earnings on Wednesday local time, analysts expect that the upcoming earnings per share will increase by 13.3% year-on-year; revenue is expected to be $7.8695 billion, a 26.2% year-on-year increase.
3. After soaring 100%, Micron's &#34;good days&#34; will continue
&#34;We believe the potential yield issue is that at a key supplier, the stacking height of its 1-alpha HBM3e is tied to latency, which will allow MU and Hynix to gain share of HBM3e on the B100/B200/GB200 platforms, driving the increase from the current path of about 5% to around 25% by 2025.&#34;

Faraday Future surged by 104% in pre-market trading at one point, and is currently up by around 70%, with a cumulative increase of over 2100% last week. CRKN surged by 72% at one point, and is now up by 34%; AMC Theatres, GameStop GME rose by nearly 2%. Li Auto fell by over 5% after earnings, EHang Holdings rose by over 7%, and Wix.com rose by 7%

LB Select

Faraday Future Intelligent Electric

Crown ElectroKinetics

AMC ENT

GameStop

Li Auto

EHang

Wix.com

Meta Platforms

Alphabet

Microsoft

Apple

Amazon

Tesla

NVIDIA

Strategy

Coinbase

Mara

Alibaba

JD.com

XPeng

Bilibili

NetEase

Baidu

Pre-market trading in US stocks | FFIE doubled pre-market at one point! Li Auto fell 5% after earnings