---
title: "Pre-market trading in US stocks | Pinduoduo rises more than 3%, leading Chinese concept stocks! Market focuses on the Federal Reserve FOMC meeting"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/200261970.md"
description: "Pinduoduo rose more than 3% before the performance, XPeng-W and Li Auto also rose more than 3%, Bilibili, NetEase, and Nio rose more than 1%, while Alibaba and JD.com fell. Tesla rose nearly 1%, while NVIDIA, AMD, Apple, etc. fell. Intel rose more than 5% in pre-market trading. The \"AI demon stock\" SMCI fell more than 2% at one point"
datetime: "2024-03-20T10:23:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/200261970.md)
  - [en](https://longbridge.com/en/news/200261970.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/200261970.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/200261970.md) | [English](https://longbridge.com/en/news/200261970.md)


# Pre-market trading in US stocks | Pinduoduo rises more than 3%, leading Chinese concept stocks! Market focuses on the Federal Reserve FOMC meeting

### U.S. Stock News

1.  Apple CEO Tim Cook visited China as the Apple Shanghai Jing'an store is set to open on the 21st. Cook discussed generative AI in China for the first time, reiterating plans to announce progress later this year. Cook also stated, "I think there is no place more important than China for Apple's supply chain."

In addition, BYD Chairman Wang Chuanfu met with Cook in Shanghai.

1.  TENCENT's fourth-quarter revenue was 155.2 billion RMB, slightly below the estimated 157.42 billion RMB; adjusted net profit was 42.7 billion RMB, compared to the estimated 41.97 billion RMB; operating profit was 41.4 billion RMB, below the estimated 46.72 billion RMB; net profit was 27 billion RMB, lower than the estimated 33.29 billion RMB.

TENCENT plans to at least double the size of its share buyback program, increasing it from 49 billion HKD in 2023 to over 100 billion HKD in 2024.

1.  KUAISHOU-W's fourth-quarter revenue was 32.6 billion RMB, in line with estimates; adjusted EBITDA was 6.13 billion RMB; net profit was 3.61 billion RMB, compared to the estimated 2.16 billion RMB. The average monthly active users for the quarter were 700 million, slightly above the estimated 680 million.
    
2.  According to Tesla China, the price of the domestic Model Y will increase by 5,000 RMB starting from April 1st; meanwhile, the current 8,000 RMB official on-the-spot insurance subsidy policy and the up to 10,000 RMB paint exemption policy will expire on March 31st.
    
3.  Nvidia plans to purchase HBM (High Bandwidth Memory) chips from Samsung, a key component for AI processors, according to Nikkei News.
    
4.  Xiaomi Group has reportedly set the pricing for Xiaomi cars, with a decrease of 30,000 to 50,000 RMB compared to last year. The standard version may start at 266,000 RMB, while the high-end version is positioned to start at 336,000 RMB. However, adjustments are still possible before the launch event.
    
5.  Intel has secured nearly $20 billion in incentive funds for its U.S. factories in the chip bill.
    
6.  Oracle has officially released Java 22, with thousands of improvements in performance, stability, and security, including enhancements to the Java language, its APIs and performance, and tools in the Java Development Kit (JDK) to help developers improve efficiency.
    

### Pre-market Movement

In pre-market trading, the three major stock index futures are down, while the fear index is rising.

Bitcoin is currently trading at $63,070, down nearly 2% in the past 24 hours; Ethereum is trading at $3,225, down over 2% in the past 24 hours.

Chinese concept stocks rose before the market, with technology stocks and cryptocurrency concept stocks falling.

Pinduoduo rose more than 3% before the results, while Xiaopeng and Li Auto also rose more than 3%. Bilibili, NetEase, and Nio rose more than 1%, while Alibaba and JD.com fell.

Tesla rose nearly 1%, while Nvidia, AMD, Apple, and others fell. Intel rose more than 5% before the market. "AI demon stock" SMCI fell more than 2% at one point.

Microstrategy fell 3%, Coinbase fell more than 1%, and Marathon Digital fell 0.5%.

### Strategy Review

**1\. Will the Fed continue to "stand still" tonight? Focus on the latest dot plot**

On Wednesday, March 20th, at 2:00 PM Eastern Time (2:00 AM Beijing Time on Thursday, March 21st), the Federal Reserve will hold a two-day FOMC meeting and announce the interest rate decision for March 2024. The market generally believes that policymakers will continue to adhere to the "no rush to cut interest rates" stance, with almost certainty that there will be no rate cut this time.

**2\. Is a crisis lurking? 4 signals indicate that the bullish trend in the US stock market may reverse soon**

"People believe that when major averages hit new highs, in a strong market background, many risk-taking indicators will confirm this trend. The recent situation is clearly not the case. The longer these indicators fail to confirm the price rise, the more fragile the major averages become, and the higher the risk of reversal."

**3\. Why is Wall Street bullish on Nvidia reaching $1000?**

Wall Street is bullish on Nvidia GTC: Demonstrating dominance, performance stable in 2025! Nvidia's GPU product based on Blackwell "advances in training performance, leaps in inference performance," driving data center revenue growth. At the same time, Nvidia's full-stack layout in hardware, software, and systems further demonstrates its industry "dominant position."

**4\. How to view Tesla's FSD V12.3?**

If Tesla's FSD V12.3 is similar to ChatGPT-3 or 3.5, then FSD V12.4 might be similar to GPT-4. If Tesla's training computation can ultimately be controlled within its capabilities, what will be the next question?

### 相關股票

- [Meta Platforms (META.US)](https://longbridge.com/zh-HK/quote/META.US.md)
- [Alphabet (GOOGL.US)](https://longbridge.com/zh-HK/quote/GOOGL.US.md)
- [Alphabet - C (GOOG.US)](https://longbridge.com/zh-HK/quote/GOOG.US.md)
- [Microsoft (MSFT.US)](https://longbridge.com/zh-HK/quote/MSFT.US.md)
- [Apple (AAPL.US)](https://longbridge.com/zh-HK/quote/AAPL.US.md)
- [Amazon (AMZN.US)](https://longbridge.com/zh-HK/quote/AMZN.US.md)
- [Tesla (TSLA.US)](https://longbridge.com/zh-HK/quote/TSLA.US.md)
- [NVIDIA (NVDA.US)](https://longbridge.com/zh-HK/quote/NVDA.US.md)
- [AMD (AMD.US)](https://longbridge.com/zh-HK/quote/AMD.US.md)
- [Super Micro Computer (SMCI.US)](https://longbridge.com/zh-HK/quote/SMCI.US.md)
- [Strategy (MSTR.US)](https://longbridge.com/zh-HK/quote/MSTR.US.md)
- [Coinbase (COIN.US)](https://longbridge.com/zh-HK/quote/COIN.US.md)
- [Mara (MARA.US)](https://longbridge.com/zh-HK/quote/MARA.US.md)
- [Intel (INTC.US)](https://longbridge.com/zh-HK/quote/INTC.US.md)
- [Alibaba (BABA.US)](https://longbridge.com/zh-HK/quote/BABA.US.md)
- [JD.com (JD.US)](https://longbridge.com/zh-HK/quote/JD.US.md)
- [PDD (PDD.US)](https://longbridge.com/zh-HK/quote/PDD.US.md)
- [XPeng (XPEV.US)](https://longbridge.com/zh-HK/quote/XPEV.US.md)
- [Li Auto (LI.US)](https://longbridge.com/zh-HK/quote/LI.US.md)
- [NIO Inc (NIO.US)](https://longbridge.com/zh-HK/quote/NIO.US.md)
- [Bilibili (BILI.US)](https://longbridge.com/zh-HK/quote/BILI.US.md)
- [NetEase (NTES.US)](https://longbridge.com/zh-HK/quote/NTES.US.md)
- [Baidu (BIDU.US)](https://longbridge.com/zh-HK/quote/BIDU.US.md)
- [XPENG-W (09868.HK)](https://longbridge.com/zh-HK/quote/09868.HK.md)
- [BILIBILI-W (09626.HK)](https://longbridge.com/zh-HK/quote/09626.HK.md)

## 相關資訊與研究

- [GRAPHIC-Apple's 50-year journey from garage to tech titan](https://longbridge.com/zh-HK/news/281342951.md)
- [Africa Bitcoin Corporation shareholders approve ordinary share sub-division, MOI amendments via written resolutions](https://longbridge.com/zh-HK/news/281358276.md)
- [PDD director Kam Anthony Ping Leung disposes PDD shares worth $0.2 million](https://longbridge.com/zh-HK/news/281358593.md)
- [PDD director Ivonne MCM Rietjens disposes PDD shares worth $55.77M](https://longbridge.com/zh-HK/news/281359389.md)
- [Pallas Capital Advisors LLC Has $17.17 Million Position in Meta Platforms, Inc. $META](https://longbridge.com/zh-HK/news/281336595.md)