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<h3>S&amp;P Nasdaq rises for the first time in eight days this year, NVIDIA rises more than 24% in six days</h3>
<p>Before the central bank's annual meeting, Federal Reserve officials once again voiced dovish comments.</p>
<p>The U.S. stock market has risen for the eighth consecutive day, with the S&amp;P 500 rising nearly 8% in eight days, the largest increase since March 2003. The Nasdaq has rebounded more than 10% since August 8, the longest increase since November 2023.</p>
<p>NVIDIA rose by 4.35%, accumulating a rise of over 24.10% in the past six trading days, and a total rebound of over 31.43% since the close on August 7; Tesla rose by 3.12%, Google A rose by 2.28%, Microsoft rose by 0.73%, Amazon rose by 0.66%, Meta rose by 0.35%, and Apple fell by 0.07%. Applied Materials closed up by 2.48%, AMD closed up by 4.52%.</p>
<p>Chinese concept stocks rose overall. JD.com rose by 0.85%, Li Auto rose by 4.58%, Alibaba rose by 0.88%, Bilibili rose by 3.4%, Baidu rose by 1.37%, ZEEKR rose by 5.8%, NetEase rose by 2.94%, NIO rose by 3.04%, Pinduoduo rose by 1.22%, XPeng rose by 3.75%.</p>
<p>Stocks related to monkeypox epidemic concept fluctuated. GeoVax Labs (GOVX) once rose by over 58.3%, but closed up by 1.27%. Emergent BioSolutions (EBS) rose by 12.66%, SIGA Technologies (SIGA) fell by 0.48%.</p>
<h3>UBS: Tech stocks still have room to rise</h3>
<p>Under the continued positive news related to artificial intelligence, the upward trend of tech stocks may continue. We see favorable factors from both fundamentals and technical aspects. Artificial intelligence is expected to continue to drive growth in the coming years. It is estimated that the earnings of the tech industry will grow by 15%-20% in the next six quarters.</p>
<h3>JP Morgan: S&amp;P 500 index will hit new highs again</h3>
<p>The U.S. stock market is expected to rebound before the end of the year. The U.S. economy is still expanding, corporate profit growth is positive, and the Federal Reserve is entering a track of easing monetary policy. It is expected that the S&amp;P 500 index will reach a historical high and then perform positively in the fourth quarter.</p>
<h3>AMD acquires server manufacturer ZT Systems</h3>
<p>AMD has agreed to acquire server manufacturer ZT Systems for $4.9 billion in cash and stock. AMD will retain the design and customer teams of the business and seek to sell the manufacturing division.</p>
<h3>Jia Yueting: &#34;FF Sino-U.S. Automotive Industry Bridge Strategy and Second Brand Launch Event&#34; scheduled for September 19</h3>
<h3>Insider: General Motors to lay off over 1,000 software engineers</h3>
<h3>BYD's electric supercar under the sub-brand &#34;Yongwang&#34; is about to start delivery</h3>
<p>BYD's luxury brand Yongwang launched the U9 in February this year, with an official price of 1.68 million yuan.</p>
<h3>2024 NIO Power Day will start live broadcast at 14:15 on August 20</h3>
<p>At that time, NIO Energy will announce the latest infrastructure layout plan, new technologies, and products.</p>
<h3>Li Auto: Adds 10 Ideal Supercharging Stations</h3>
<p>10 Li Auto supercharging stations are located in Zhejiang, Yunnan, Guangdong, Anhui, Henan, Jiangsu, and Chongqing.</p>
<h3>Luckin plans to go global on a large scale by the end of the year, focusing on Southeast Asia and the United States</h3>
<p>Luckin is cautious and currently only operates 38 directly operated stores in Singapore. In the next 3-5 years, Luckin plans to use Singapore as its Southeast Asian headquarters and gradually expand to surrounding countries and regions. Luckin will not follow the domestic price wars and rapid expansion strategy, nor will it seek to quickly eliminate local brands. Instead, it prefers cautious expansion and long-term coexistence with multiple brands in the future.</p>
<h3>NetEase Cloud Music malfunction has been fixed, insider: suspected issues during migration process</h3>
<p>Insiders say that there may have been issues during the migration process. Currently, many companies are migrating from cloud computing to self-built data centers to reduce costs, but the migration process is prone to accidents.</p>
<h3>R&amp;F Properties: R&amp;F Hong Kong Receives Liquidation Petition</h3>
<p>On August 19, R&amp;F Properties received a liquidation petition submitted by the petitioner to the court regarding the loan principal amount owed by R&amp;F Hong Kong, a wholly-owned subsidiary, and the interest payable in proportion to the petitioner. The petition for R&amp;F Hong Kong will be heard in court on October 30. The board believes that there is sufficient collateral for the loan.</p>
<h3>Former U.S. President Trump: Considering canceling the $7,500 electric vehicle tax credit</h3>
<p>If elected, he will consider appointing Musk to a cabinet or advisory role, if he is willing.</p>
<h3>Going against Trump, Harris proposes raising the corporate tax rate to 28%</h3>
<p>Harris calls for raising the corporate tax rate to 28% and overturning a significant portion of the legislation signed by former President Donald Trump during his presidency, which reduced the corporate tax rate from 35% to 21%. Trump recently stated that if elected president, he will further reduce taxes, including tax cuts for businesses</p>

<p>Federal Reserve officials once again unanimously voiced "dovish comments". NVIDIA rose by 4.35%, with a cumulative increase of over 24% in the past six trading days; Tesla rose by 3.12%. UBS stated that there is still room for growth in US technology stocks. JPMorgan expects the S&P 500 index to hit a new high again. AMD acquires server manufacturer ZT Systems. BYD's luxury supercar U9 is set to be delivered soon. Luckin Coffee plans a large-scale international expansion by the end of the year. R&F Properties in Hong Kong has received a winding-up petition</p>

- Major U.S. stock indices closed higher: Dow up 0.58%, S&P 500 up 0.97%, Nasdaq up 1.39%. Nvidia surged over 4%, Tesla up 3%, Google up 2%. Chinese tech stocks also rose: Nasdaq Golden Dragon Index up 1.38%, Alibaba up nearly 1%, Li Auto and XPeng up around 4%.
- Evergrande: Evergrande Hong Kong faces liquidation request over unpaid loan principal and interest, with a court hearing set for October 30. The board believes there is sufficient collateral for the loan.
- Trump's economic plans: Trump considers ending $7,500 EV tax credit, potentially appointing Musk to a cabinet role if re-elected. In contrast, Harris proposes raising corporate tax to 28% and reversing Trump's tax cuts if elected.

LB Select

Direxion Semicon Bull 3X

R&F PROPERTIES

NVIDIA

NASDAQ Golden Dragon China Index

GraniteShares 2x Long NVDA Daily ETF

VanEck Semiconductor ETF

Tesla

Li Auto

XPeng

BYD COMPANY

UBS Group AG

SPDR S&P 500

S&P 500

Breakfast | S&P 500 Index rose for the first time in eight consecutive days this year, NVIDIA surged more than 24% in six days