---
title: "Breakfast | Hedge funds have been buying US technology stocks for the fourth consecutive week, with Tesla soaring 15% to a three-year high, while the Chinese concept stock index has risen for six consecutive weeks"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/203124493.md"
description: "JPMorgan Chase warns: US stocks are likely to repeat the downturn of late August last year. Tesla's California sales have decreased for the second consecutive quarter. All staff in the Beijing gaming division of Kuaishou have been laid off. Google faces a collective lawsuit over copyright infringement involving the Imagen AI model. Memory feature fully open to ChatGPT Plus users. Apple once again in discussions with OpenAI, planning to introduce new features on the latest iPhone with technical support"
datetime: "2024-04-29T23:53:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/203124493.md)
  - [en](https://longbridge.com/en/news/203124493.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/203124493.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/203124493.md) | [English](https://longbridge.com/en/news/203124493.md)


# Breakfast | Hedge funds have been buying US technology stocks for the fourth consecutive week, with Tesla soaring 15% to a three-year high, while the Chinese concept stock index has risen for six consecutive weeks

Good morning! A great day starts with making money.

### Overnight Morning Market

Ahead of the Federal Reserve's interest rate decision on Wednesday, the three major U.S. stock indexes rose for two consecutive trading days, with the S&P and Nasdaq both hitting their highest closing levels since April 12.

Tech giants "Seven Sisters" had mixed performances during the trading day, with Tesla performing the best, up 15.3%. Google fell by 3.3%. Nvidia rose by nearly 0.03%. Apple rose by nearly 2.5%, Amazon rose by nearly 0.8% for two consecutive days, Meta fell by 2.4%, Microsoft fell by 1%, Netflix fell by over 1% for two consecutive days. AMC fell by 11.1%.

Most popular Chinese concept stocks rose, with the Nasdaq Golden Dragon China Index (HXC) rising for six consecutive days. Li Auto rose by over 7.6%, Nio rose by nearly 2.5%, XPeng rose by 3.3%. Baidu rose by 5.6%, Bilibili rose by nearly 2%, Alibaba rose by over 1%, NetEase rose by nearly 0.7%, Tencent slightly rose; Pinduoduo fell by nearly 2%, JD.com fell by over 1%.

### Blue Chips and Hot Stocks

When will FSD be implemented in China? Tesla China responds: It's hard to say the specific time, but it's estimated to be soon.

A source close to Baidu confirmed to the media that Tesla will use Baidu's high-precision maps for the Chinese version of FSD.

California New Car Dealers Association (CNCDA): Tesla's dominant position in the California automotive industry is weakening, with sales in California decreasing for the second consecutive quarter.

Google faces a collective lawsuit over copyright infringement related to its Imagen AI model, accused of violating copyright laws by training its Imagen AI software model on tens of billions of works.

Fidelity Series Emerging Markets Opportunities Fund increased holdings in TSMC, WuXi Biologics, and Meituan in March, initiated a position in Xiaomi, reduced holdings in Tencent and Alibaba Hong Kong stocks, and exited Alibaba ADR.

UMB Financial agrees to acquire competitor Heartland Financial for approximately $2 billion, expected to be the largest regional bank deal in the U.S. in 2024.

Sources: Boeing to raise $8-10 billion through bond issuance.

News reports that all employees of Kuaishou's Beijing gaming division have been laid off, mainly members of the "Code: North Three" card project team.

Apple's iPad operating system is reportedly subject to the EU Digital Markets Act.

Ganfeng Lithium's first-quarter revenue was 5.06 billion yuan, a year-on-year decrease of 46%, with a net loss of 438.9 million yuan in the first quarter.

Will there be no pre-sale for this year's 618? JD Group has not responded yet.

### Chips and Artificial Intelligence

Nikkei News: Subsidiaries of Microsoft, Google, Amazon, and Oracle in Japan will participate in the Japan Municipal Artificial Intelligence Governance Alliance.

OpenAI: Memory function is fully open to ChatGPT Plus users. This feature has not yet been opened to the European and Korean markets. The next step is expected to open to teams, enterprises, and GPTs users.

Apple is in discussions with OpenAI again, planning to introduce new features on the new iPhone with technical support

### Cryptocurrency

In the early Asian market, Bitcoin surpassed $64,000.

MicroStrategy (MSTR.O): As of April 26th, the company holds 214,000 Bitcoins with a total cost of $7.54 billion, and the average cost per Bitcoin is $35,180. First-quarter revenue was $115.2 million, with market expectations at $123.7 million.

### IPO Opportunities

Cao Cao Mobility Limited has submitted its listing application to the Hong Kong Stock Exchange.

### Macro View: A Look at the World

JP Morgan's Chief Strategist: The U.S. stock market is likely to repeat the mistakes of late summer last year in August. The balance between growth and policy may deviate from the narrative of the golden-haired girl, while the risk of a reversal in concentration continues to exist. Forecasts for this year's profit acceleration are too steep, and positions are relaxing.

Goldman Sachs data: Driven by increased long positions and short covering, last week saw the largest net buying of tech stocks since December 2022. Hedge funds have been net buyers of tech stocks for the fourth consecutive week.

Chinese Ministry of Foreign Affairs responds to negative clauses in U.S. legislation related to China: China firmly opposes this and has lodged solemn representations with the U.S

### 相關股票

- [BIDU-SWR (89888.HK)](https://longbridge.com/zh-HK/quote/89888.HK.md)
- [Tesla (TSLA.US)](https://longbridge.com/zh-HK/quote/TSLA.US.md)
- [Baidu (BIDU.US)](https://longbridge.com/zh-HK/quote/BIDU.US.md)
- [BIDU-SW (09888.HK)](https://longbridge.com/zh-HK/quote/09888.HK.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)
- [AMD (AMD.US)](https://longbridge.com/zh-HK/quote/AMD.US.md)
- [Boeing (BA.US)](https://longbridge.com/zh-HK/quote/BA.US.md)
- [KUAISHOU-W (01024.HK)](https://longbridge.com/zh-HK/quote/01024.HK.md)
- [JD.com (JD.US)](https://longbridge.com/zh-HK/quote/JD.US.md)
- [XPeng (XPEV.US)](https://longbridge.com/zh-HK/quote/XPEV.US.md)
- [NIO Inc (NIO.US)](https://longbridge.com/zh-HK/quote/NIO.US.md)
- [Li Auto (LI.US)](https://longbridge.com/zh-HK/quote/LI.US.md)

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