SPDR S&P 500

Applovin

Conference Minutes

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The following is a summary of the 3Q25 earnings call minutes for $AppLovin(APP.US) organized by Dolphin Research. For financial report interpretation, please refer to &#34;Without High Growth and Violent Aesthetics, Is Applovin Still Attractive?&#34; 1. Review of Core Financial Information This Quarter: The upgrade of the core gaming business model drove revenue to increase by 68% year-on-year to approximately $1.405 billion; adjusted EBITDA reached $1.158 billion, up 79% year-on-year, with a profit margin of 82%, an increase of 1 percentage point from the previous quarter, mainly due to the leverage effect and the moderate alleviation of foreign exchange fluctuations...

MediaAlpha

TENCENT

S&P 500

VG S&P 500 Grw

Axon Enterprise

TENCENT-R

Tencent Holdings Limited

Tencent

Global Self Storage

Hasbro

Ameriprise Financial

AppLovin

Tencent HK SDR 10to1

Applovin (Minutes): Currently, the week-over-week growth rate of new user spending on the self-service advertising platform has reached 50%

Today’s Key News Recap

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0311 ｜Dolphin Research focuses on: 🐬 Macro/Industry 1. Last night, U.S. stocks plummeted, with the S&amp;P 500 index falling below the 200-day moving average, marking its first entry into what is referred to as the &#34;danger zone&#34; by the market. This was mainly due to concerns over high inflation and the U.S. economy potentially falling into recession, triggered by tariffs. When asked whether the U.S. would experience a recession this year, Trump did not rule out the possibility, stating that the economy is undergoing a &#34;transition period.&#34; As a result, Hong Kong and A-shares experienced varying degrees of decline this morning, but both rebounded and turned positive by the end of trading. Additionally, today, Trump plans to meet with top business executives...

Trump Media & Tech

Trump Media & Tech - CW28

Tesla

Hong Kong and A-share rebates; New energy Collective Surge ｜Today's important news review

Strategy Report

Hot topic

Trump once again wields the tariff stick, and global assets seem to have entered a risk-off mode, including the Chinese assets that were originally being reassessed, which have also entered a correction mode. Dolphin Research seizes the opportunity to discuss the policy logic of Trump’s current administration. In fact, if you pay attention to the media interviews of the U.S. Treasury Bessent during this period, Trump's fiscal policies are quite understandable: 1. Core belief: The allocation efficiency of the private sector is higher than that of the government sector. 2. Policy objectives: Reduce national debt (the core is interest payment costs), lower inflation, and bring manufacturing back...

Invesco QQQ Trust

How to interpret Trump's tariff stick this year?

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STECH

00HSI

Countdown to the U.S. election, the answer will be revealed on the 6th if there are no abnormalities, while the Federal Reserve's interest rate meeting will be held on the 7th. The National People's Congress Standing Committee meeting will conclude at 8 AM Beijing time. The earnings season for U.S. stocks has just passed its peak, and this week is packed with macro events. Where exactly is the market trading now, and how should we view the future? This article aims to outline the current situation from the perspective of considering responses to different scenarios, rather than making predictions. The first question is to take a look at market trading: 1. U.S. economic data is &#34;slightly cool.&#34; Last week, in addition to the earnings reports from the giants...

NASDAQ Composite Index

Hang Seng TECH Index

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Will the AI infrastructure frenzy backfire, and is the Trump trade coming to an end?

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As the first interest rate cut by the U.S. dollar entering the post-pandemic era of rate cuts, this rate cut can be described as both &#34;big&#34; and &#34;hawkish.&#34;The &#34;big&#34; lies in the fact that the first rate cut directly slashed 50 basis points, which was indeed unexpected compared to market expectations; the &#34;hawkish&#34; aspect was conveyed during the conference call and the dot plot, indicating that this 50-basis-point cut should not be linearly extrapolated, and future decisions will still be data-driven. This 50-basis-point cut was merely to demonstrate the Federal Reserve's determination to protect the economy.An interesting point was when several reporters repeatedly asked Powell whether this was a &#34;catch-up&#34; rate cut. Powell emphasized that, given the relatively good data on inflation and consumption, the large rate cut was more focused on being a forward-looking move. However, he also admitted that if the July employment data had been known earlier, a rate cut might indeed have been implemented at the previous meeting on July 31.From Dolphin Research's perspective, this illustrates two points:a. Among the various economic data, the current unemployment rate and new employment figures are the real core data, as subsequent CPI and PPI reports did not raise any red flags for the Federal Reserve.b. The dot plot released by the Federal Reserve to some extent only reflects the Fed's wishes and guides the market to trade on these wishes, but it does not mean this path will necessarily materialize.From the revisions in this economic forecast, it can be seen that among the root variables of the economy, the most significantly revised was the unemployment rate. The 大幅下修的政策利率预期 is merely a result of this root variable.Therefore, in the coming period, a key tracking point for the expected rate cut 幅度 will be the labor market: What is the labor participation rate? How much has labor supply increased? How much has job demand decreased? How much has the unemployment rate increased, and is it within the &#34;controllable&#34; range below 4.5%?Especially given the 惯性下修 in 每次新增非农就业， it’s prudent to build in some 保险 upfront. Based on the downward adjustments over the past few months, some decline should already be factored in. At least, this is how Powell indicated the Federal Reserve would approach the data.Furthermore, Dolphin Research is not overly concerned about this hawkish rate cut path guidance. The key still lies in the employment data, particularly if the weakening is primarily due to an oversupply from increased immigrant inflows rather than a decline in corporate job demand. In that case, the economy may not be as weak as feared.

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iShares barclays 20+ Yr Treasury Bd

Direxion 20+Yr Trsry Bull 3X

Direxion Daily Dow Jones Internet Bull 3X Shares ETF

Dow Jones Industrial Average

As a key indicator for next week's interest rate cut, last night's August core CPI data basically confirmed that the first rate cut will only be 25 basis points.Structurally, overall inflation increased by 0.2% month-on-month, which is perfectly controllable. However, core inflation rose from 0.2% to 0.3% month-on-month. First, it indicates that the overall inflation can operate within expectations mainly due to the drop in energy prices.Secondly, the most critical acceleration in core inflation month-on-month growth is mainly because residential costs rose sharply again to 0.5% month-on-month. The sharp increase in residential costs is mainly due to the rise in the high-weighted owner's equivalent rent.Owner's equivalent rent can basically be understood as homeowners' expected rental return on their own properties. This figure also rose during the last interest rate cut expectation at the end of last year and the beginning of this year.What does this mean? People will price their asset returns in advance based on the expectation of a rate cut. In other words, once the expectation arises, even before the actual rate cut, it will produce some effect of a rate cut. In this case, an actual rate cut of 25 basis points may have an effect greater than 25 basis points.Even to avoid a repeat of the inflation resurgence expectation at the beginning of the year, the Fed's rate cut on September 18 is most likely to be 25 basis points.Therefore, the focus of next week's FOMC meeting is no longer how many basis points the rate cut will be, but the guidance on the future path and any wording that may further lean toward protecting employment under a 25-basis-point rate cut.In this context, considering that the market was still speculating and pricing in the possibility of a 50-basis-point rate cut, this possibility is now basically gone. Bond prices may need to give back some gains for $iShares barclays 20+ Yr Treasury Bd(TLT.US) $Direxion 20+Yr Trsry Bull 3X(TMF.US).Overall, with low inflation risks, interest-rate-sensitive sectors reacted sensitively after the expectation of lower interest rates emerged, indicating a high possibility of a soft landing for the economy, which is actually favorable for equity assets. $S&amp;P 500(.SPX.US) $SPDR S&amp;P 500(SPY.US)

Microsoft is reportedly considering launching a new software suite powered by artificial intelligence.

iFixit report calls the new MacBook Neo Apple's most repairable laptop in years

Founders of the acquired AI agent social platform Moltbook will officially join Meta on March 16.

Podean acquires Ad Advance, bringing advanced analytics to Australia's Amazon advertising ecosystem

Injunction against AI company Perplexity takes effect on March 16, a case won by Amazon

Deadline for Tesla Full Self-Driving (FSD) license transfer eligibility

NVIDIA GTC Focuses on Cloud Computing Equipment Leasing

GTC 2026 Kicks Off with Market Focus on NVIDIA's Progress in CPO Optical Interconnect Technology

Tech giants face local backlash in the US over massive data center construction for AI computing power

NVIDIA GTC 2026 Conference Begins, Focusing on the Next Wave of AI

Google and YouTube host sessions on branding and AI innovation at SXSW 2026

Finnish media reports Tesla involved in a customer payment dispute

Shares of Nebius, a cloud provider backed by NVIDIA, surge

Meta Announces Plans to Terminate End-to-End Encrypted Chat Support for Instagram After May 8, 2026

Microsoft will host its AI Tour event in Shanghai, China on April 21

Buffett's Shareholder Letters Create Writing Pressure for New CEO Abel

Microsoft to Hold 'Create Agents in Microsoft Copilot Studio' Virtual Training Day

Google to pay quarterly cash dividend to shareholders

Google Completes $32 Billion Acquisition of Cybersecurity Firm Wiz

Bloomberg: Apple Delays Smart Home Display Launch to Upgrade Siri

bioAffinity Tech

Firefly Neuroscience

Silvaco

eLong Power

T-REX 2X Long UPXI Daily Target ETF

Polaryx Therapeutics

TCW Strategic Income Fund, Inc.

Stak

iSpecimen

Oruka Therapeutics

NVDA

SOXL

SOXX

NVDY

NVIDIA Corporation (NASDAQ: NVDA) has announced the launch of the NVIDIA Nemotron 3 Super, a 120-billion-parameter open model with 12 billion active parameters, aimed at running complex agentic AI systems at scale. This launch is part of NVIDIA's strategy to maintain its position as a leading investment choice among blue chip stocks.

- NVIDIA Corporation (NASDAQ: NVDA) is identified as a highly profitable blue chip stock.  
- On March 11, the company launched the NVIDIA Nemotron 3 Super, featuring a 120-billion-parameter open model designed for complex AI systems.  
- This launch signifies NVIDIA's continued innovation and potential influence in the AI sector.

NVIDIA

GraniteShares 2x Short NVDA Daily ETF

Direxion Semicon Bull 3X

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iShares Semiconductor ETF

GraniteShares 2x Long NVDA Daily ETF

Direxion Daily NVDA Bear 1X ETF

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Direxion Daily NVDA Bull 2X Shares

YieldMax NVDA Option Income Strategy ETF

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

AXS 1.5X NVDA Bear Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

NVIDIA Corporation (NVDA) announces launch of the NVIDIA Nemotron 3 Super

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American Trust Investment Advisors LLC reduced its stake in Alphabet Inc. (NASDAQ: GOOGL) by 40.2% in Q3, now holding 18,409 shares valued at approximately $4.48 million. This makes Alphabet the 19th largest position in their portfolio. Other institutional investors have also adjusted their stakes in GOOGL. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and a price target of $367.18. Insider trading activity includes CEO Sundar Pichai selling 32,500 shares recently. Alphabet's stock performance shows a 12-month range between $140.53 and $349.00.

- American Trust Investment Advisors LLC reduced its position in Alphabet Inc. by 40.2%, owning 18,409 shares after selling 12,375 shares in the 3rd quarter.  
- Other investors also adjusted their stakes in Alphabet, leading to 40.03% of the stock being held by institutional investors and hedge funds.  
- Alphabet's stock remains under scrutiny from analysts, with a consensus rating of "Moderate Buy" and significant insider activity noted, including notable sales by CEO Sundar Pichai.

Market Beat

Direxion Daily GOOGL Bull 2X Shares

Direxion Daily Googl Bear 1x Shares

SPDR S&P Software

Global X Cloud Computing ETF

Alphabet

iShares Expanded Tech Software Sector ETF

Alphabet - C

Roundhill GOOGL WeeklyPay ETF

American Trust Investment Advisors LLC Has $4.48 Million Holdings in Alphabet Inc. $GOOGL

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Amazon has implemented new oversight rules for AI coding following significant outages caused by AI-generated code. The measures include mandatory peer reviews, senior approvals for junior developers, and formal documentation of AI actions. This shift aims to enhance safety in AI development tools, impacting the AI coding market and investor sentiment. Companies may need to reassess the value of AI tools like GitHub Copilot due to increased review times. Amazon's commitment to AI remains strong, with a $200 billion investment planned for 2026, emphasizing the need for stability over speed in tech deployment.

- Amazon has implemented new oversight rules for AI coding following significant service outages caused by its AI-generated code, impacting its infrastructure.  
- The new protocols require mandatory peer reviews, senior approvals for junior developers, formal documentation, and audit trails to enhance safety during AI tool deployment.  
- These changes signify a critical shift in the AI coding market, potentially influencing investment strategies and emphasizing the importance of governance and oversight in technology deployment.

benzinga_article

Direxion Daily MSFT Bull 2X Shares

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Amazon

GraniteShares 2x Long AMZN Daily ETF

GraniteShares 2x Long MSFT Daily ETF

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Roundhill AMZN WeeklyPay ETF

T-Rex 2X Long Microsoft Daily Target ETF

Amazon Imposes AI Coding Oversight

MSFT

MSFO

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Microsoft Authenticator has a vulnerability that could leak authentication codes, causing Microsoft (MSFT) stock to drop nearly 1.5%. Users are advised to update the app to fix the issue. Despite this setback, analysts maintain a Strong Buy consensus on MSFT, with a price target of $594.02, indicating a potential upside of 49.88%.

- Microsoft Authenticator recently experienced a bug that caused potential identity leakage, leading to a nearly 1.5% drop in shares during trading.  
- The bug allows malicious apps on the same device to intercept one-time sign-in codes and authentication links, but a fix is available for users who update the app.  
- Analysts maintain a Strong Buy consensus on MSFT stock, forecasting a 49.88% upside with an average price target of $594.02 per share.

Tip Ranks

Microsoft

ISHRS S&P Glb It

YieldMax MSFT Option Income Strategy ETF

Direxion Daily MSFT Bear 1x Shares

Kurv Yield Premium Strategy Microsoft MSFT ETF

New Vulnerability in Microsoft Authenticator Sends Microsoft Stock (NASDAQ:MSFT) Sliding

HIMX

S&P 500 and Nasdaq futures are dipping as investors prepare for significant economic data, including the PCE price index, which is the Fed's preferred inflation measure. Additionally, a temporary U.S. waiver may allow the purchase of 19 million barrels of Russian crude already at sea. Reports indicate that Meta Platforms might postpone the launch of a new AI model.

- Investors are preparing for significant economic data releases, particularly the PCE price index, which is the Federal Reserve's preferred inflation measure.  
- A temporary waiver in the U.S. could enable the introduction of approximately 19 million barrels of crude oil back into the market from Russian cargo that is already at sea.  
- Additionally, there are indications that Meta Platforms might postpone the release of a new AI model.

Himax Tech

Meta Platforms

Nasdaq

VG S&P 500

Global X NASDAQ 100 Collar 95-110 ETF

Financial Select Sector SPDR Fund

GraniteShares 2x Long META Daily ETF

Roundhill META WeeklyPay ETF

Leverage Shares 2X Long ADBE Daily ETF

iShares Future AI & Tech ETF

iShares Core S&P 500

Invesco Nasdaq 100 ETF

Fidelity Nasdaq Composite Index ETF

S&P 500, Nasdaq futures dip ahead of PCE watch day: What's moving ADBE, NVDA, META, HIMX before the bell

XDAT

Google has launched the "Ask Maps" conversational search feature, integrating the Gemini AI model, allowing users to ask questions in natural language. The system analyzes over 300 million locations and 500 million user reviews in real-time to provide personalized answers. Additionally, it has introduced "immersive navigation," transforming flat maps into a 3D perspective, displaying surrounding buildings, traffic signs, etc., to reduce driving stress. This feature has been rolled out on Android and iOS devices in the United States and India

- Google has announced the integration of its Gemini AI model with mapping features, introducing a conversational search function called "Ask Maps."  
- This innovative feature allows users to pose complex questions in natural language and provides tailored answers by analyzing data from over 300 million locations and 500 million user reviews.  
- Additionally, Google has launched "immersive navigation," enhancing the map experience with 3D views and practical driving aids, set to roll out across various platforms in the coming months.

Stheadline

Proshares Big Data Refiners ETF

Franklin Exponential Data ETF

Google Maps launches conversational search Ask Maps and immersive navigation

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EBIZ

IBUY

- Target's new CEO, Michael Fiddelke, implemented price cuts on over 3,000 products to boost sales amid increasing competition from Walmart and others.  
- His strategy includes a $6 billion budget with a focus on AI and trendy apparel, as well as improvements in supply chain efficiency, although analysts warn that success may take time.  
- Target's revenues have declined for five consecutive quarters, and the effectiveness of Fiddelke's turnaround initiatives remains uncertain, raising concerns among investors about the company's future performance.

Reuters

Target

VanEck Retail ETF

SPDR S&P Retail ETF

Walmart

ProShares Online Retail

Global X E-commerce ETF

Amplify Online Retail ETF

ANALYSIS-New Target CEO slashes prices. Previous cuts offered short-lived sales boost.

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- JD.com has launched its Joybuy online marketplace in multiple European countries, including the UK, Germany, and France, aiming to challenge Amazon's market dominance.  
- The company intends to internationalize its operations, having previously acquired the German retailer Ceconomy for €2.2 billion.  
- Key to Joybuy's strategy is fast delivery, offering same-day service in major cities and targeting competitive pricing with a subscription model for unlimited free delivery.

JD-SW

JD.com launches Joybuy in Europe, targeting Amazon