---
title: "Breakfast | Ready to welcome the crazy Friday: Retail investor leader Roaring Kitty live stream + US non-farm payroll"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/205772171.md"
description: "NVIDIA plunged nearly 6% intraday, surpassing Apple's market value in a \"one-day tour\". Keith Gill will return to YouTube on Friday to live stream, and retail investors collectively surged after hours, with GME up over 42% and FFIE up over 29%. Musk's Starship conducted its fourth test launch, successfully achieving a soft landing on the sea surface. The European Central Bank cut interest rates for the first time since 2019. Nio Energy has an independent financing plan, and Nio's third brand, Firefly, is accelerating. Microsoft, OpenAI, and NVIDIA are facing antitrust investigations in the U.S. due to their AI projects"
datetime: "2024-06-07T00:05:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/205772171.md)
  - [en](https://longbridge.com/en/news/205772171.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/205772171.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/205772171.md) | [繁體中文](https://longbridge.com/zh-HK/news/205772171.md)


# Breakfast | Ready to welcome the crazy Friday: Retail investor leader Roaring Kitty live stream + US non-farm payroll

Good morning! A great day starts with making money.

### Overnight Morning Market

This Friday will see the release of the May US non-farm payroll report. The US stock market's upward momentum is limited, with both major indices, the S&P and the Nasdaq, experiencing multiple downturns after hitting historical highs intraday. By the close, only the Dow Jones did not fall, while the S&P and Nasdaq temporarily bid farewell to the closing record highs set during their respective three-day consecutive gains.

NVIDIA plummeted in early trading, falling nearly 6% from the intraday record high set at the opening, surpassing Apple's market value in a "one-day tour".

Retail investor "leader" Keith Gill will return to YouTube on Friday for a live broadcast, sparking a surge in the stock of GameStop (GME) favored by Gill and other retail investors, rising by 50% at one point and closing up by 47%. AMC rose by 23.33%. FFIE rose by 2%.

GameStop (GME.N) surged over 42% after hours. AMC rose by 18% after hours. Faraday Future Intelligent Electric (FFIE.O) surged over 29% after hours.

### Blue Chips and Hot Stocks

Meta received 11 complaints as the company's proposed changes would allow it to use personal data to train its AI models without consent, potentially violating EU privacy rules.

Elon Musk's Starship completed its fourth test flight, controlled reentry into the atmosphere, and successfully landed on the sea surface in the Gulf of Mexico.

**Boeing's "Starliner" spacecraft docks with the International Space Station**

Boeing's "Starliner" spacecraft, carrying two American astronauts, arrived at the International Space Station on the 6th and docked with it. This is the first manned test flight of the "Starliner". After the mission, NASA will certify the "Starliner" for regular commercial crew missions to transport astronauts to and from the space station.

**Nio: Nio Energy has an independent financing plan and will continue to open up investment opportunities**

Nio Energy's long-term sustainability is highly valued by the company, which is currently in the investment phase and needs to establish a network and make forward-looking investments. The overall profitability is very clear. Nio's third brand, Firefly, is accelerating and may debut by the end of this year.

Nio's first-quarter revenue was 9.91 billion yuan, down from 10.676 billion yuan in the same period last year, with the market expecting 10.43 billion yuan. It is estimated to deliver 54,000 to 56,000 vehicles in the second quarter, a year-on-year increase of 129.6% to 138.1%.

Meituan's first-quarter revenue was 73.28 billion yuan, a 25% year-on-year increase; adjusted net profit was 7.49 billion yuan, a 36.4% year-on-year increase. Wang Xing responded to organizational restructuring: still ongoing.

Huawei's HarmonyOS Smart Selection will launch a new car model, with insiders estimating a price range of 300,000 to 400,000 yuan. IM Motors' first extended-range model is confirmed: positioned as an SUV, to be launched in the first quarter of next year and benchmarked against Li Auto.

**BYD: Plans to have 250 dealer stores in Brazil by 2024**

BYD opened its 100th dealer store in the Brazilian market. BYD Chairman Wang Chuanfu: BYD will actively apply new AI technology to the field of new energy vehicles.

XPeng Motors: Using extended-range solutions in the flying car field Media: Apple is set to launch a password management app called Passwords next week, with plans to include this new app as part of iOS 18, iPadOS 18, and macOS 15. The software can generate and track passwords and will be released at the Apple Worldwide Developers Conference on June 10.

Evergrande Auto: Will hold its annual shareholder meeting on June 28 at 3 p.m.

Riot Platforms acquires a 12% stake in competitor Bitfarms at a price of $2.45 per share.

Lululemon's first-quarter revenue was $22.1 billion, a 10% year-on-year increase, surpassing market expectations of $21.9 billion; net profit was $321 million, an 11% year-on-year increase.

Alibaba reduces its stake in its cloud music division from 8.3% to 7%.

### Chips and Artificial Intelligence

Meta Platforms' Whatsapp is introducing a new commercial artificial intelligence assistant.

Micron Technology has started providing samples of the first batch of GDDR7 memory to industry partners, with GDDR7 memory set to be available from the second half of 2024.

The U.S. Department of Justice and the Federal Trade Commission have reached an agreement to allow them to conduct antitrust investigations into Microsoft, OpenAI, and NVIDIA's dominant positions in the artificial intelligence industry.

Media: Apple is expected to announce a deep cooperation agreement with OpenAI next week.

SK Group Chairman Choi Tae-won meets with TSMC Chairman Wei Zhejia to reach an agreement to strengthen cooperation in artificial intelligence chips.

ASML: Will receive "a large number" of 2-nanometer-related orders from TSMC and deliver High-NA EUV lithography machines to TSMC and Intel within the year.

Intel launches the Xeon 6 energy-efficient core processor, using Intel 3 process technology.

**Gartner: Four Key Capabilities Needed for Commercialization of Generative AI**

Currently, four key capabilities are needed to provide customers with generative AI commercialization: synthetic data, personalization capabilities, conversational AI capabilities, and AI avatars.

Tencent releases the Hybrid Large Model Acceleration Library: reduces graph generation time by 75%.

Kuaishou releases a video generation large model "Ke Ling" benchmarking Sora.

### Cryptocurrency

Cryptocurrency exchange Kraken is reportedly in negotiations for a pre-listing financing round.

### Macro: Taking You Around the World

The European Central Bank cut interest rates for the first time since 2019 while raising inflation expectations. It is reported that committee member Holzmann disagreed with the rate cut, and several hawks expressed regret over making premature rate cut commitments.

**Institutions: The Fed May Follow the ECB in Cutting Rates in the Coming Quarters**

Jupiter Asset Management stated that as the U.S. labor market softens, consumer weakness becomes more apparent, and housing inflation further subsides, the Fed may follow the ECB in cutting rates. If other developed countries ease monetary policy, the Fed will keep rates at a high level for too long, which could have serious consequences.

U.S. companies planned to hire the lowest number of people in a decade as of May; the U.S. trade deficit recorded its largest deficit since October 2022 in April **Morgan Stanley Wealth Management CIO: U.S. stocks will continue to rise in the second half of the year**

Nevertheless, investors should have a "moderate expectation" for stock returns from now until December, as this year's corporate profit expansion has already been reflected in stock prices. As 2024 progresses, investors will need to start "borrowing" expectations for 2025. On the bright side, expected returns will expand to various sectors of the market, not just the mega-cap tech giants that have been driving much of the rally since last year.

Biden says he will not turn a blind eye to China's subsidies for electric cars, Chinese Ministry of Foreign Affairs: will resolutely safeguard its rights.

Hong Kong may fully ban alternative smoking products such as e-cigarettes in the future

### Related Stocks

- [Faraday Future Intelligent Electric Inc. (FFIE.US)](https://longbridge.com/en/quote/FFIE.US.md)
- [GameStop Corp. (GME.US)](https://longbridge.com/en/quote/GME.US.md)
- [NASDAQ Composite Index (.IXIC.US)](https://longbridge.com/en/quote/.IXIC.US.md)
- [S&P 500 (.SPX.US)](https://longbridge.com/en/quote/.SPX.US.md)
- [Dow Jones Industrial Average (.DJI.US)](https://longbridge.com/en/quote/.DJI.US.md)
- [AMC Entertainment Holdings, Inc. (AMC.US)](https://longbridge.com/en/quote/AMC.US.md)
- [Apple Inc. (AAPL.US)](https://longbridge.com/en/quote/AAPL.US.md)
- [Tesla, Inc. (TSLA.US)](https://longbridge.com/en/quote/TSLA.US.md)
- [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md)
- [GraniteShares 2x Long NVDA Daily ETF (NVDL.US)](https://longbridge.com/en/quote/NVDL.US.md)
- [VanEck Semiconductor ETF (SMH.US)](https://longbridge.com/en/quote/SMH.US.md)
- [Direxion Daily Semicondct Bull 3X ETF (SOXL.US)](https://longbridge.com/en/quote/SOXL.US.md)
- [Faraday Future Intelligent Electric Inc. (FFAI.US)](https://longbridge.com/en/quote/FFAI.US.md)

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