BABA Qwen chief steps down; NVDA sets GTC 2026 dates ｜ Daily News Recap---
0304 | Dolphin Research Focus
🐬 Macro/Industry
1. Trump announced on Tue local time that the White House will provide naval escorts and political risk insurance for tankers transiting the Strait of Hormuz, aiming to stabilize energy prices and ease surging shipping insurance costs and transit disruptions. The move directly hedges geopolitical risk and quickly calms market concerns over energy supply, capping near-term upside in oil. However, the effectiveness of escorts and the persistence of regional conflict remain uncertain, so energy and shipping will stay volatile; watch actual transit normalization.
🐬 Stocks
1.$BABA-W(09988.HK)
In the early hours of Mar 4, Lin Junyang, the lead of Qwen (Tongyi Qianwen), posted on social media that he is stepping down; he has been pivotal to Qwen’s open-sourcing and iteration and recently open-sourced a small model that drew overseas attention. A change in core technical leadership may affect near-term team stability and the cadence of open-source releases. Alibaba’s long-term AI strategy remains intact, while subsequent org and staffing hand-offs will determine iteration speed and commercialization progress.
2.$NIO-SW(09866.HK)
Nio set its ES9 tech launch for Apr 9; the flagship SUV will feature steer-by-wire, fully active suspension, an in-house AD chip, the SkyOS system, and a 900V high-voltage architecture. The event will validate tech rollout progress, supporting order expectations and brand premium. It is a key catalyst for Nio’s 2026 volume and valuation.
3.$Amazon(AMZN.US)
Amazon launched Amazon Now in Brazil, promising 15-minute delivery of daily goods and groceries; the country is among its top priorities for new investment, per the local lead. The push into LatAm instant retail uses ultra-fast delivery to win share and deepen the Prime ecosystem and user stickiness. Brazil still has ample room for e-comm penetration, and investment in logistics and supply chain will build moats, though local competition and operating costs are tailwinds to manage.
4.$Alphabet(GOOGL.US)
Google introduced Gemini 3.1 Flash-Lite, its fastest and best value model in the Gemini 3 series. Designed for developers running large-scale, high-frequency workloads, it delivers strong intelligence at a lower price point.
5. NVIDIA
The 2026 NVIDIA GTC will be held Mar 16–19 in San Jose, CA. Jensen Huang teased 'never-before-seen' new chips and AI infrastructure.
6. Dolphin Research earnings and call notes:
Sea: SEA: Spending aggressively for the future — is the SE Asia 'mini Tencent' falling into a bottomless pit?. Sea (Trans): Shopee profit flat in 2026?.
🐬 Top Gainers
A-shares: heavy electrical equipment, agricultural products, tobacco. Sector leaders.
HK: aluminum, insurance brokers, heavy electrical equipment. Sector leaders.
US: motorcycle manufacturers, computer and electronics retailers, medical information services. Sector leaders.
🐬 Watch Tomorrow
1. Broadcom, JD, and Bilibili to report earnings. Results scheduled.
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