---
title: "After a 20% consistent pullback, the leading U.S. stocks seem to have bottomed out. Trump's tone has"
description: "After a 20% consistent pullback, the leading U.S. stocks seem to have bottomed out. Trump's tone has also become more flexible. Today after the Hong Kong market closed, $XIAOMI-W(01810.HK), as the sto"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/28316357.md"
published_at: "2025-03-24T14:08:09.000Z"
author: "[晓风 morning_wind](https://longbridge.com/en/profiles/6620864)"
---

# After a 20% consistent pullback, the leading U.S. stocks seem to have bottomed out. Trump's tone has

After a 20% consistent pullback, the leading U.S. stocks seem to have bottomed out. Trump's tone has also become more flexible. Today after the Hong Kong market closed, $XIAOMI-W(01810.HK), as the stock king, announced a high-level share placement which sent chills down our spines. Maybe this time is different from before?

Anyway. At the opening, I sold 8% of my speculative position in $Alibaba(BABA.US) and switched back to $Taiwan Semiconductor(TSM.US) and $NVIDIA(NVDA.US).

I won't elaborate on the logic behind TSMC. As for NVIDIA, I had no position before but bought back the stock this time due to some new short-term insights. I'll make a separate post about the outlook another day. In short: NVIDIA still has cost-performance advantages in inference scaling. Demand in the training sector hasn't decreased with the emergence of deepseek; instead, it has increased because in the era of agents, the explosion in application-side demand currently appears to be happening in training rather than inference. The training sector will continue to be competitive.

### Related Stocks

- [NVDY.US - YieldMax NVDA Option Income Strategy ETF](https://longbridge.com/en/quote/NVDY.US.md)
- [NVDA.US - NVIDIA](https://longbridge.com/en/quote/NVDA.US.md)
- [81810.HK - XIAOMI-WR](https://longbridge.com/en/quote/81810.HK.md)
- [XIACY.US - Xiaomi Corporation](https://longbridge.com/en/quote/XIACY.US.md)
- [01810.HK - XIAOMI-W](https://longbridge.com/en/quote/01810.HK.md)
- [TSM.US - Taiwan Semiconductor](https://longbridge.com/en/quote/TSM.US.md)
- [HXXD.SG - Xiaomi HK SDR 2to1](https://longbridge.com/en/quote/HXXD.SG.md)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.