---
title: "Breakfast | Tesla surges 12%, marking its best gain since the day after Trump's election! AI concept stocks and chip stocks soar"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/233026768.md"
description: "Signs of a softening stance on tariffs from Trump support the US stock market! The seven tech giants saw a broad rise, with chip stocks outperforming the market; AMD rose 7%, marking its best single-day performance since February 2024. AI stock BigBear.ai surged 19.19%, and Applovin increased by 8.18%. Faraday Future (FFAI) briefly rose over 12% in after-hours trading, as the company secured a $41 million commitment for a new financing round"
datetime: "2025-03-24T23:52:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/233026768.md)
  - [en](https://longbridge.com/en/news/233026768.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/233026768.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/233026768.md) | [繁體中文](https://longbridge.com/zh-HK/news/233026768.md)


# Breakfast | Tesla surges 12%, marking its best gain since the day after Trump's election! AI concept stocks and chip stocks soar

### Market Overview

Signs of a softening stance on tariffs from Trump support U.S. stocks and suppress U.S. bonds, with the three major U.S. stock indices rising for two consecutive days to over two-week highs, and the Nasdaq rising more than 2%.

Tesla surged nearly 12%, marking the largest increase since the day after the U.S. election; chip stocks outperformed the market, with AMD rising 7%, achieving its best single-day performance since February 2024; Nvidia rose over 3%, Meta rose 3.72%, Amazon rose 3.59%, Google A rose 2.19%, Apple rose 1.13%, and Microsoft rose 0.47%, the worst performer.

Among AI concept stocks, BigBear.ai rose 19.19%, Applovin rose 8.18%, and BullFrog AI rose 7.39%.

The China concept index closed flat, with Nio down over 2%, XPeng down nearly 2%, Xiaomi Group ADR down 1.6%, XPeng down about 1.8%, but Pinduoduo rose over 1%.

Faraday Future (FFAI) rose over 12% in after-hours trading, as the company secured a $41 million new financing commitment.

Trump Media & Technology Group (DJT) rose over 11% in after-hours trading. The company announced its intention to partner with Crypto.com to jointly launch a series of ETF products.

### Trump: Will announce tariffs on cars, timber, and chips in the coming days, may reduce tariffs for multiple countries

Trump stated that the U.S. government will announce tariffs for some industries in the "near future," also mentioning the imposition of tariffs on pharmaceuticals at some point in the future. Trump noted that Hyundai Motor of South Korea will invest $5.8 billion to build a new steel plant in Louisiana, indicating that tariffs are very effective. Hyundai stated it will invest an additional $21 billion in the U.S. over the next four years, with the $5.8 billion new plant being part of that investment.

Trump also mentioned in a cabinet meeting that "overall prices are falling, energy prices are declining, and I hope the Federal Reserve will cut interest rates; you will see interest rates decrease."

### Tesla surges 12%, achieving its best performance since the day after Trump's victory

Due to multiple attacks on Tesla in the U.S., the FBI established a special task force on March 24 to investigate, discovering a suspected explosive device at a Tesla showroom in Austin.

### Xiaomi: Sets stock placement price at HKD 53.25 per share, expected net proceeds of approximately HKD 42.5 billion

Xiaomi announced that it will place 800 million existing shares, setting the stock placement price at HKD 53.25 per share. After deducting all applicable costs and expenses, the expected net proceeds are approximately HKD 42.5 billion. Previous reports indicated that Xiaomi Group plans to place shares in a "first old, then new" manner, raising up to $5.3 billion. Xiaomi plans to place 750 million shares at a price of HKD 52.80-54.60 per share, with the placement price discounted by 4.2% to 7.4% from its latest closing price in Hong Kong.

### BYD Q4 net profit increased by 73.1% year-on-year to a record high, plans to distribute 39.74 yuan per share

BYD's sales last year surpassed $100 billion for the first time, exceeding Tesla for the first time in history; the annual sales of pure electric vehicles reached 1.76 million units, slightly lower than Tesla, while total vehicle sales, including hybrids, reached 4.272 million units, a year-on-year increase of 41%

### You can now trade double-leveraged NVIDIA ETFs on the Hong Kong Stock Exchange

The popular individual stock leveraged and inverse ETFs that have exploded in the U.S. have now been listed on the Hong Kong Stock Exchange, allowing investors to trade the double fluctuations of popular U.S. stocks like NVIDIA, Tesla, and MicroStrategy without staying up late. Moreover, as DeepSeek shakes up the AI market and Trump’s policies impact the globe, Asian investors can take advantage of information asymmetry to seize opportunities from the surges and drops in U.S. stocks.

### Ministry of Finance of China: Fiscal policy in 2025 will be more proactive, increasing the fiscal deficit ratio and arranging for a larger scale of government bonds

The report from the Ministry of Finance of China states that in 2025, support will be provided to comprehensively expand domestic demand, vigorously boost consumption, enhance social welfare, and increase residents' income through multiple channels. In 2025, efforts will focus on enhancing technological innovation capabilities, increasing central government investment in science and technology, fully supporting key core technology breakthroughs, vigorously implementing the strategy of revitalizing the country through science and education, prioritizing financial investment in education, and supporting the construction of a strong educational nation.

### Media supervised by the People's Bank of China: MLF returns as a liquidity injection tool, with another net injection demonstrating a moderately loose monetary policy orientation

The Financial Times reports that this MLF operation has once again resulted in a net injection, demonstrating a moderately loose monetary policy orientation. The MLF operation has shifted to multiple price bidding, no longer having a unified bidding interest rate, which completely fades the MLF interest rate policy attributes and marks the substantial phase of the adjustment to the policy interest rate system mentioned by Governor Pan in his "6·19" speech.

The People's Bank of China announced on Monday that it will conduct a 450 billion MLF operation on Tuesday, and starting this month, the MLF operation will be adjusted from single price bidding to multiple price bidding (i.e., American-style bidding).

### Premier Li Qiang signs State Council order, announcing the "Regulations on the Implementation of the Anti-Foreign Sanctions Law of the People's Republic of China"

The regulations clarify that the "other types of property" mentioned in Article 6, Item 2 of the Anti-Foreign Sanctions Law, which can be seized, detained, or frozen, include cash, bills, bank deposits, securities, fund shares, equity, intellectual property, accounts receivable, and other properties and property rights; it clarifies that the "related transactions, cooperation, and other activities" prohibited or restricted in Article 6, Item 3 of the Anti-Foreign Sanctions Law include, but are not limited to, activities in education, technology, legal services, environmental protection, economic and trade, culture, tourism, health, and sports.

### Minister Wang Wentao meets with Apple CEO Tim Cook and Qualcomm President and CEO Cristiano Amon

China's Minister of Commerce Wang Wentao emphasized that there are no winners in a trade war, and protectionism leads nowhere. As the two largest economies in the world, strengthening economic and trade cooperation between China and the U.S. aligns with economic laws, while decoupling and severing supply chains will harm the interests of all parties. The unilateral tariff measures taken by the U.S. disrupt business expectations and bring uncertainty to the global economy. China is willing to work with the U.S. to create a more stable policy environment for businesses through equal dialogue.

### S&P Global's U.S. Manufacturing PMI for March unexpectedly returns to contraction

The U.S. Manufacturing PMI for March unexpectedly fell to 49.8. The Services PMI preliminary value did not remain flat as expected from February but rose to 54.3, while the composite PMI preliminary value increased to 53.5. However, the outlook for the services sector has worsened, with confidence for the next year dropping to the second-lowest point since 2022. The materials cost index has risen to its highest level since April 2023

### Related Stocks

- [Tesla, Inc. (TSLA.US)](https://longbridge.com/en/quote/TSLA.US.md)
- [BigBear.ai Holdings, Inc. (BBAI.US)](https://longbridge.com/en/quote/BBAI.US.md)
- [Faraday Future Intelligent Electric Inc. (FFAI.US)](https://longbridge.com/en/quote/FFAI.US.md)
- [Advanced Micro Devices, Inc. (AMD.US)](https://longbridge.com/en/quote/AMD.US.md)
- [AppLovin Corporation (APP.US)](https://longbridge.com/en/quote/APP.US.md)
- [Microsoft Corporation (MSFT.US)](https://longbridge.com/en/quote/MSFT.US.md)
- [GraniteShares 2x Long NVDA Daily ETF (NVDL.US)](https://longbridge.com/en/quote/NVDL.US.md)
- [QUALCOMM Incorporated (QCOM.US)](https://longbridge.com/en/quote/QCOM.US.md)
- [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md)
- [Direxion Daily TSLA Bull 2X Shares (TSLL.US)](https://longbridge.com/en/quote/TSLL.US.md)
- [Alphabet Inc. (GOOG.US)](https://longbridge.com/en/quote/GOOG.US.md)
- [Alphabet Inc. (GOOGL.US)](https://longbridge.com/en/quote/GOOGL.US.md)
- [PDD Holdings Inc. (PDD.US)](https://longbridge.com/en/quote/PDD.US.md)
- [NIO-SW (09866.HK)](https://longbridge.com/en/quote/09866.HK.md)
- [Environment Protection (20030.HK)](https://longbridge.com/en/quote/20030.HK.md)
- [XPENG-W (09868.HK)](https://longbridge.com/en/quote/09868.HK.md)
- [Amazon.com, Inc. (AMZN.US)](https://longbridge.com/en/quote/AMZN.US.md)
- [YieldMax NVDA Option Income Strategy ETF (NVDY.US)](https://longbridge.com/en/quote/NVDY.US.md)
- [BYD COMPANY (01211.HK)](https://longbridge.com/en/quote/01211.HK.md)
- [XIAOMI-W (01810.HK)](https://longbridge.com/en/quote/01810.HK.md)
- [Trump Media & Technology Group Corp. (DJT.US)](https://longbridge.com/en/quote/DJT.US.md)

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