<h3>U.S. Stock News</h3>
<ol>
<li>
According to Bloomberg, enterprise software giant SAP has agreed to acquire WalkMe for $14 per share in cash.
</li>
<li>
DouYu announced the unaudited financial performance for the first quarter of 2024, with a revenue of 1.0397 billion yuan, a year-on-year decrease of 29.9%. The net loss was 88 million yuan, compared to a net profit of 14.5 million yuan in the same period last year. The average monthly active mobile users in the first quarter were 45.3 million, down from 50.2 million in the same period last year. The average number of paying users in the quarter was 3.4 million, down from 4.5 million in 2023.
</li>
<li>
Several mainland Chinese players have reported that Blizzard's mainland game platform &#34;Battle.net&#34; can now be logged in with their previous account passwords, and their transaction records have been retained. Previously, the official announcement stated that more latest news about the return of &#34;World of Warcraft&#34; to mainland China will be made public at 10 a.m. on June 6.
</li>
<li>
According to Bloomberg, NXP Semiconductors and Taiwan Semiconductor Manufacturing Company plan to invest $7.8 billion to build a chip factory in Singapore.
</li>
<li>
On June 5th local time, the Italian antitrust authority, the Competition and Market Authority, announced a fine of 3.5 million euros on Meta for unfair business practices.
</li>
<li>
According to Reuters, NIO has been approved to build its third factory in China with a capacity of 600,000 vehicles. Including the third new factory, NIO's total approved production capacity will reach 1 million vehicles.
</li>
</ol>
<h3>Pre-market Movers</h3>
In pre-market trading, the three major stock index futures in the U.S. are up, while the fear index is down.
Bitcoin is currently trading at $70,841, up over 3% in the past 24 hours; Ethereum is trading at $3,794, up over 1% in the past 24 hours.
Meme stocks are down significantly in pre-market trading, while cryptocurrency-related stocks and technology stocks are generally up, and Chinese concept stocks are mixed.
Faraday Future Intelligent Electric (FFIE) is down over 7%, GME initially rose nearly 2% but later fell over 2% and is now down 0.5%; AMC Entertainment initially rose slightly, then fell nearly 3% and is now down over 2%; Crown ElectroKinetics (CRKN) is down over 4%.
Microstrategy (MSTR) is up over 2%, Marathon Digital (MARA) is up nearly 2%, Coinbase (COIN) is up nearly 1%.
NVIDIA and AMD are up over 1%, while Tesla, Meta, Apple, Microsoft, Amazon, and Google are all up.
XPeng, NetEase, Bilibili are up nearly 3%, JD.com, NIO, Baidu are up over 1%, Li Auto, Alibaba are up, Pinduoduo is down.
WalkMe initially rose 54% and is now up 42%.
<h3>Strategy Review</h3>
1. Morgan Stanley's &#34;Big Short&#34; Warning: The Revival of Meme Stocks Is Bad News for U.S. Stocks!
&#34;While the high valuation of risk assets may be reasonable, statistically and historically, this possibility is unlikely.&#34;
2. Market Manipulation Suspected? Retail Trader &#34;Leader&#34; Under Investigation by U.S. Regulatory Agencies
After posting huge delivery orders online, &#34;Roaring Kitty&#34; has caught the attention of U.S. regulatory agencies. The U.S. Securities and Exchange Commission (SEC) has been reviewing the bullish options related to GME in &#34;Roaring Kitty's&#34; social media posts, but it is currently unclear whether the SEC is specifically targeting him.
3. Tech Giants Seek to &#34;De-NVIDIA-ize&#34;! Morgan Stanley Says These Two U.S. Stocks Will Benefit the Most
Google, Meta, and others have announced one after another that they will develop their own chips, partly to reduce their reliance on companies like NVIDIA. Morgan Stanley believes that Broadcom and Marvell Technology will benefit from this, with Broadcom holding about 60% of the market for custom integrated circuits and Marvell holding 15%

Faraday Future Intelligent Electric (FFIE) fell more than 7%, while GameStop (GME) surged nearly 2% at one point before dropping over 2% and currently down 0.5%; AMC Entertainment (AMC) saw a slight increase at one point, then dropped nearly 3%, now down over 2%; Crown ElectroKinetics (CRKN) fell more than 4%. XPeng, NetEase, and Bilibili rose by nearly 3%. WalkMe surged 54% at one point and is currently up 42%

LB Select

Faraday Future Intelligent Electric

GameStop

AMC ENT

Crown ElectroKinetics

XPeng

NetEase

Bilibili

Meta Platforms

Alphabet

Alphabet - C

Microsoft

Amazon

Apple

NVIDIA

Tesla

Strategy

Coinbase

Mara

Alibaba

JD.com

Li Auto

Baidu

Pre-market trading in US stocks | FFIE leads the plunge of meme stocks! Technology stocks and cryptocurrency concept stocks rise