QCOM: Memory Crunch Deepens; Smartphone Stocks at Risk?Google conference call: $185 billion in spending "must be spent," confirms collaboration with Apple, Gemini is not the "terminator" of SaaSThe largest decline since April last year, the Nasdaq experiences "two consecutive drops": software "on fire," chips "suffering," technology "plummeting"Baidu approved a stock repurchase plan of up to $5 billion, expecting to announce the distribution of dividends in 2026Software stocks have collapsed, and no one "dares to catch the falling knife."Baidu: Common Stock Adopts Dividend Policy for the First TimeTSMC reportedly plans to invest $17 billion to mass produce 3-nanometer chips at its factory in JapanTrump stated that he will not intervene in the bidding war between Netflix and Paramount for Warner BrosQualcomm's revenue hits a record high, but the earnings outlook is lukewarm, indicating unstable demand for mobile chips, with after-hours stock price dropping nearly 10% | Earnings Report InsightsBreakfast | Mixed U.S. macro data, three major indices show mixed performanceGoogle All in AI: Q4 cloud revenue surged 48%, this year's spending guidance nearly doubled and greatly exceeded expectations, causing a huge shock after hours | Earnings Report InsightsThe U.S. Treasury Secretary stated that the President has the authority to "intervene" in the Federal Reserve and has always supported a strong dollar policyMeta's next-generation AI model Avocado has completed pre-training, internally referred to as the "most powerful" foundational modelOvernight news on February 5: AMD plummets, dragging the Nasdaq lower; Chinese concept stocks decline; US-Iran negotiations change; oil prices rise and gold prices fluctuate; Google's annual revenue exceeds $400 billionReminder: Please pay close attention to the following (all times are in Beijing time)Overnight U.S. Stocks | S&P 500 Index Falls for Two Consecutive Days, AMD Plummets Over 17%, Bitcoin Once Dropped Below $72,000Besant Hearing "Mars Four Stars": Denies that tariffs cause inflation, reiterates strong dollar, holds the Federal Reserve accountable, and is criticized as a Trump lackeyTop 20 U.S. stock trading volumes on February 5: AMD plummeted 17.31%, weak earnings outlook led to its declineGoogle's revenue will exceed 400 billion in 2025, with cloud business becoming the core growth engineFebruary 5 closing: S&P index falls for two consecutive days, AMD drags down NasdaqAlphabet, Google's parent company, reported fourth-quarter revenue of $113.83 billion, exceeding analysts' expectations of $111.4 billion. Google Cloud revenue was $17.66 billion, above the expected $16.2 billionThe worst since 2017! AMD plummets 17%, is the earnings report guidance the culprit?The sharp decline in tech stocks spreads, storage chip giants face a "collective stampede"! Sandisk drops over 10% during tradingNVIDIA is caught in a software stock sell-off, with its stock price falling for four consecutive days, but one analyst claims this is unreasonableAMD's stock price plummets, disappointing investors with its earnings reportSummary of Key Points from U.S. Treasury Secretary Yellen's House HearingThe worst since 2018! AMD dropped 17% during the session, is the earnings report guidance the culprit?Uber（纪要）: 3P 模式才会是无人网约车的最终赢家The U.S. Department of Labor will release the January non-farm payroll report next WednesdayUber：好业绩也暴跌，真会被特斯拉 “抄家”？NVIDIA-invested AI voice startup ElevenLabs completes a new round of financingMorning: Tech stocks face another sell-off, AMD drops over 14%The US January ISM Non-Manufacturing Index hits a new high since 2024According to reports, Zhongcai Futures shorted silver before the recent price crash, making a profit of over 500 million dollarsAmazon AI assistant Alexa+ is now available to all users in the United StatesThe U.S. Treasury Department maintains the bond issuance scale unchanged and will not increase the issuance of medium- and long-term bonds in the coming quartersCould the plummet in software stocks trigger the next round of credit crisis?Amazon may adopt a customized OpenAI model for AlexaWho is mass-producing "low-quality" prospectuses in the Hong Kong stock market?Significant slowdown in employment! In January, the ADP employment number in the United States increased by 22,000, lower than the expected 45,000In January, the U.S. ADP employment increased by 22,000, expected 45,000, previous value 41,000Uber's pre-market once plummeted 10%! Q4 bookings surge but profit concerns loom, new CFO signals "focus on Robotaxi" | Earnings report insightsMetal surge exacerbates inflation concerns in the U.S.! Barclays estimates: for every 10% increase in metal prices, CPI rises by 0.3%Google's Q4 financial report is imminent! The $4.1 trillion market value faces scrutiny, and performance growth needs to support valuation expansionU.S. Stock Market Outlook | The three major stock index futures are mixed, as the market awaits the U.S. Treasury's debt issuance plan and ADP data, with Alphabet set to release its earnings report after hoursWeight loss drug sales explode! Eli Lilly's Q4 revenue increased by 43% year-on-year, net profit grew by 50%, and the revenue guidance for 2026 is between $80 billion and $83 billion | Earnings report insights