---
title: "Breakfast | Google's four consecutive gains hit a new high, Chinese concept stocks rise for the third consecutive day, Trump Media almost depleted cash last year"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/201102618.md"
description: "Trump Media fell by about 21.5%, with a net loss of $58 million last year, raising concerns about continued operations. TSMC is reported to increase its capital expenditure in 2024. OpenAI allows unregistered use of ChatGPT and launches a text-to-speech AI tool Voice Engine. Jia Yueting talks about Xiaomi's entry into the automotive industry. Xiaomi's SU7 Founder's Edition two-wheeler sold out within seconds. Tesla may announce first-quarter delivery and production figures on Tuesday morning. Rubrik, backed by Microsoft, has filed for a US IPO"
datetime: "2024-04-02T00:00:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/201102618.md)
  - [en](https://longbridge.com/en/news/201102618.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/201102618.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/201102618.md) | [繁體中文](https://longbridge.com/zh-HK/news/201102618.md)


# Breakfast | Google's four consecutive gains hit a new high, Chinese concept stocks rise for the third consecutive day, Trump Media almost depleted cash last year

Good morning! A great day starts with making money.

### Overnight Morning Market

After Federal Reserve Chairman Powell reiterated his reluctance to cut interest rates last Friday, manufacturing data strengthened the market's expectation that the Fed is not in a hurry to cut interest rates. The market's expectation of a rate cut by the Fed in June has fallen to less than 50%. Major U.S. stock indexes were mostly down midday, with only the Nasdaq closing up by 0.11%. Among the S&P 500 sectors, only the Communication Services, Energy, and IT sectors saw gains.

Tesla dropped by 0.3%. Alphabet rose nearly 2.8%, marking a four-day consecutive increase and reaching a new closing high; Meta rose nearly 1.2%, while Apple fell by nearly 0.9% for the second consecutive day. Nvidia closed roughly flat, while Micron Technology rose by over 5%.

AI concept stocks overall declined. SoundHound.ai fell by over 5%, BigBear.ai and Astera Labs fell by over 4%, and Super Micro Computer (SMCI) rose by over 2%.

Popular Chinese concept stocks generally rose. Nio rose by over 3%, XPeng rose by 1%, and Li Auto rose by over 1%. Xiaomi's fan shares rose by nearly 1.9%, Baidu rose by 3%, Pinduoduo rose by over 2%, and Alibaba and JD.com rose by over 1%.

Trump Media (DJT) fell by approximately 21.5%, with the company's 2023 annual revenue at only $4.1 million and a net loss of $58 million, citing operational losses as a significant concern for its continued existence as a business entity.

### Blue Chips and Hot Stocks

**Canaccord Genuity: Tesla is expected to have produced 430,000 cars in the first quarter**

This represents a decrease of about 13% compared to the previous quarter. Supply constraints may have caused Tesla to lose around 95,000 deliveries. Tesla may announce first-quarter delivery and production numbers on Tuesday morning.

According to CNBC: United Airlines is asking pilots to take unpaid leave next month due to Boeing's aircraft delivery delays.

Xiaomi SU7 Founder's Edition sold out in seconds during its second round of sales; Redmi stated that there are currently no plans for a Redmi car.

Jia Yueting discusses Xiaomi's car manufacturing: Benchmarking, copying, and shallow innovation cannot bring about fundamental technological changes.

Huawei's Richard Yu: Aito M9 production capacity is ramping up, with hopes to deliver over 15,000 units in April.

Nio: Delivered 11,866 vehicles in March, a 14.3% year-on-year increase and a 46% month-on-month increase.

XPeng: Delivered 21,821 smart electric vehicles in the first quarter, a 20% year-on-year increase.

Li Auto: Delivered 28,984 new vehicles in March, a 39.2% year-on-year increase.

BYD: Sold 302,459 new energy vehicles in March, with a cumulative year-on-year increase of 13.44%.

SAIC-GM-Wuling: Sold 27,730 new energy vehicles in March, a 225.81% year-on-year increase.

HiPhi: AITO delivered 31,727 new vehicles across its lineup. Aito's new M7 delivered 24,598 new vehicles in a single month.

Leapmotor: Delivered 14,567 vehicles in March, a year-on-year increase of over 136%.

ZEEKR: Delivered 33,059 vehicles from January to March, a 117% year-on-year increase.

Voyah: Delivered 6,122 vehicles in March, a 102% year-on-year increase Nezha Auto: Delivered 8,317 units in March.

SAIC Group: Sold 85,000 new energy vehicles in March, a year-on-year increase of 30%.

### Chips and Artificial Intelligence

OpenAI: Allows users to use ChatGPT without registration.

OpenAI has launched a new artificial intelligence tool, Voice Engine, which can generate natural speech very similar to the speaker in the audio by inputting text and a 15-second audio sample.

**OpenAI CEO Sam Altman no longer owns or controls the OpenAI Startup Fund**

Control of the OpenAI Startup Fund has been transferred to Ian Hathaway. Hathaway has led investments in companies such as Harvey, Cursor, Speak, and Ambience Healthcare. The fund's assets now exceed $325 million.

**Musk: Demand for AI will exhibit a strong power-law distribution**

Similar to the search (Google, Bing, etc.) and carbonated beverage (Coca-Cola, Pepsi, etc.) fields. A netizen posted a price chart of GPT-4 and GPT-3.5 Turbo and asked how to view the sharp drop in prices of old models of artificial intelligence language models to 1/60 of the new models, whether this implies a very steep demand curve or oversupply.

According to Nikkei News: Japanese chip maker Rapidus will receive $3.9 billion in government assistance.

Baidu's Robin Li will give a speech on April 16 and release the Wenxin large model series.

Korean media: Samsung plans to raise SSD prices by up to 25% in the second quarter.

Foreign institutional investors have reported that TSMC will increase its capital expenditure for 2024 from the original estimate of $28-32 billion to $30-34 billion, an increase of over 7%.

### Cryptocurrency

Market news: Binance, a trading platform, appoints its first board of directors. The company, after admitting last year to violating U.S. anti-money laundering and sanction regulations, seeks to reshape its image.

### IPO Opportunities

Cloud and data security startup Rubrik, backed by Microsoft, has filed for a U.S. IPO and seeks to list on the New York Stock Exchange under the symbol "RBRK".

### Macro: Taking You Around the World

**U.S. manufacturing activity expands for the first time since 2022**

The U.S. ISM Manufacturing PMI rose 2.5 to 50.3 in March, halting 16 consecutive months of contraction. The index in March exceeded all expectations of economists surveyed by institutions.

According to Nikkei News: Japan, the U.S., and the Philippines will begin nickel supply cooperation

### 相关股票

- [Trump Media & Tech - CW28 (DJTWW.US)](https://longbridge.com/zh-CN/quote/DJTWW.US.md)
- [OpenAI (OpenAI.NA)](https://longbridge.com/zh-CN/quote/OpenAI.NA.md)
- [Trump Media & Tech (DJT.US)](https://longbridge.com/zh-CN/quote/DJT.US.md)
- [Taiwan Semiconductor (TSM.US)](https://longbridge.com/zh-CN/quote/TSM.US.md)

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