Pre-market trading in US stocks | XPeng, Alibaba lead the decline in Chinese concept stocks, AMD, Intel lead the decline in technology stocks!

U.S. Stock Market News

1. In March, China's year-on-year imports (in USD) decreased by 1.9%, compared to the previous value of -8.2%. China's year-on-year exports (in USD) decreased by 7.5%, compared to the previous value of 5.6%.

2. China's capital market welcomes the third "Nine Articles of the State," which includes strengthening supervision of high-frequency quantitative trading, cracking down on market manipulation and malicious short selling, enhancing strategic reserves and stability mechanism construction, incorporating the impact of major economic or non-economic policies on the capital market into the consistency assessment of macro policies, and enhancing the intrinsic stability of the capital market.

3. According to Bloomberg, Samsung is preparing to announce a plan to invest $44 billion in chip manufacturing in the United States as early as next week.

4. Amazon announced that renowned artificial intelligence expert Andrew Ng will join its board of directors, with the appointment taking effect from April 9, 2024.

5. "Cathie Wood," also known as "Wood Sister," from Ark Invest posted on X platform that Ark Venture Fund, established in September 2022, has invested in OpenAI. The fund has invested in the manufacturers of ChatGPT, Dall-E, and Soar at OpenAI.

Pre-Market Movement

In the pre-market trading of U.S. stocks, the futures of the three major stock indexes showed mixed movements, with a significant increase in the fear index.

Bitcoin is currently trading at $70,729, with a slight increase in the past 24 hours; Ethereum is trading at $3,517, with a nearly 2% decrease in the past 24 hours.

Chinese concept stocks, technology stocks, and cryptocurrency-related stocks are generally down in pre-market trading.

AMD and Intel are down nearly 2% pre-market, Tesla is down over 1%, while Nvidia, Meta, Amazon, and others are also declining.

XPeng is down over 4%, Alibaba, JD.com, Li Auto, NetEase, Baidu are down over 2%, Pinduoduo, Nio, Bilibili are down over 1%.

Chinese concept stock Shangchengshu once surged by 35%. Shangchengshu is a well-known "magic stock" that once achieved a miraculous 215-fold increase in stock price 13 days after listing.

Insurance company GLOBE LIFE surged by 18% at one point, following a more than 53% drop yesterday.

Strategy Review

1. Cathie Wood's Latest Interview: "Nvidia Sold Too Early," New Purchase Coinbase Performs Better

She expressed optimism about Tesla's long-term prospects, mainly based on its leading position in autonomous driving and humanoid robotics. She also believes that while Nvidia is leading in this round of AI competition, it needs to find more evidence to prove its pricing is reasonable and to demonstrate that AI is accelerating enterprise revenue growth. She is bullish on investing in proprietary data in the AI field 2. Earnings Season Begins, "Mag 7" Returns

Stable economic conditions are expected to drive profit growth for companies in the S&P 500 index, with strong profits from large tech companies serving as a key driver: Bloomberg predicts that the profits of the seven tech giants in the US are expected to grow by 38% in the first quarter of 2024.

3. Understanding the M4 Chip in One Article, Apple Opens the Door to AI PCs

The M4 chip will focus on AI capabilities, and the first Mac computers equipped with the M4 chip are expected to debut by the end of 2024, with more new products set to be released in early 2025, including the new generation Mac Studio and Mac Pro. The M4 processor will have at least three main models, and the first batch of M4 Mac computers is expected to be launched later this year