Alpine Immune Sciences(ALPN) rose 36.9%, with a trading turnover 2.2 Billion USD, and a year-to-date rose 237.9%. Enliven Therapeutics(ELVN) rose 20.18%, with a trading turnover 82.0 Million USD, and a year-to-date rose 72.1%. Vera Therapeutics(VERA) rose 17.3%, with a trading turnover 208.3 Million USD, and a year-to-date rose 217.4%.

Top 10 US Stock Gainers (4.11)

ARM(ARM) rose 4.75%, with a trading turnover 789.6 Million USD, and a year-to-date rose 74.5%. Broadcom(AVGO) rose 4.54%, with a trading turnover 4.3 Billion USD, and a year-to-date rose 24.4%. Morgan Stanley(MS) fell 5.25%, with a trading turnover 2.2 Billion USD, and a year-to-date fell 6%. HSBC(HSBC) fell 2.06%, with a trading turnover 84.1 Million USD, and a year-to-date rose 5%.

Top 5 US Stock Gainers/Losers (>100B) (4.11)

Wall Street's major banks have different opinions on the Fed's interest rate cut expectations. Goldman Sachs expects the Fed to cut interest rates twice this year, while Barclays Bank expects only one rate cut. Bank of America and Deutsche Bank both believe that the Fed will only cut rates once in December this year. Deutsche Bank also points out that if inflation data disappoints or election results lead to fiscal policies that exacerbate inflation, the Fed will not cut rates this year or in 2025

Wall Street big banks are starting to be less pessimistic? Deutsche Bank, Bank of America: The Fed will not cut interest rates until December

Apple plans to release multiple Mac computers equipped with the M4 chip by the end of this year or early next year, including iMac, low-end and high-end MacBook Pro, and Mac mini. The M4 chip will highlight its AI processing capabilities and integrate with the new version of macOS. This move is seen as a significant effort by Apple to revive the declining sales of Mac. Following the news, Apple's stock price has risen. The M4 chip is divided into three versions ranging from entry-level to mid-to-high-end, corresponding to different models of Mac computers

AI-powered M4 is coming! Apple is preparing for a major upgrade with the strongest 3nm chips for Mac

Proficient Auto Logistics Inc.申请美国 IPO，寻求按代码 “PAL” 在纳斯达克公开交易其股票。

Apple's stock price saw a rare surge of 4.3%, with its market value increasing by $112 billion in a single day. Wall Street analysts believe that investors have underestimated Apple's gross margin potential. It is expected that in the coming years, the gross margin of Apple's product segment will increase by about 180 basis points, while the gross margin of the service segment will increase by about 150 basis points. Apple plans to launch a new generation chip, M4, with added artificial intelligence capabilities, which has boosted the stock price. Looking ahead, vertical integration and product portfolio are expected to enhance Apple's gross margin

Apple's "rare" surge by 4.3%, market value increased by $112 billion in a single day

中国一季度经济增速超预期，外资机构纷纷上调对中国经济增速的预测。高盛研究部将中国一季度 GDP 增速预测从 5.6% 上调至 7.5%，全年 GDP 增速预测从 4.8% 上修至 5.0%。多项经济数据显示出经济韧性，制造业 PMI 明显改善，海外经济体补库周期开启拉动中国出口。外资机构看好中国经济增长趋势。

多项经济数据超预期 外资机构看高中国一季度经济增速

A senior official from the Federal Reserve stated that there is no need to adjust monetary policy in the short term, but it is expected to cut interest rates later in the year. They believe that US inflation will gradually return to 2%. In particular, New York Fed President Williams pointed out that it will take quite some time to achieve the 2% inflation target. He expects inflation to fluctuate, but the labor market remains strong and the unemployment rate will gradually decline. The relationship between the Fed's inflation target and employment target is becoming more balanced. This is a piece of macroeconomic news

After the explosive CPI, many senior officials of the Federal Reserve stated: no interest rate cut in the near future is a certainty, the "three top officials" have not turned dovish

今年以来融券余额下降约 39.92%，被认定为是导致 A 股下跌的重要原因之一。多家券商暂停新增融券通券源，融券交易活跃度下降。

新增融券再启动暂停键，有头部券商融券池全部收回！融券余额已较年初下降近四成

Coinbase：COINBASE 衍生品已推出比特币现金和莱特币期货合约。

Sales of electric cars and plug-in hybrids in China rose significantly in March - by 85 per cent compared to February alone. However, the dip at the beginning of the year was also a typical seasonal phenomenon.

EV sales in China: March is the strongest month this year

微软与 Quantinuum 合作，展示了有史以来最可靠的逻辑量子比特，解决了量子计算的关键问题。通过虚拟化系统应用于硬件，量子计算的可靠性提升 800 倍。这一突破使得量子计算迈向了 2 级弹性量子计算的新时代。

量子计算可靠性提升 800 倍！微软开启 2 级弹性量子计算新时代

Kimi 走红，最大的压力将给到百度。因为 Kimi 的背后，已站着阿里的身影。随着阿里通义千问、百度文心一言等宣布免费开放 200 万—500 万甚至 1000 万字的长文本能力后，kimi 长文本推理能力瞬间被赶超，其 “Kimi 概念股” 的热度也开始消散。但短期看，已给用户普及了 “长文本推理能力” 的 kimi 是这波流量的赢家。据 similarweb 数据显示，Kimi Chat 的访问量已从去年十月的 15.6 万，增长至 2024 年 2 月的 279 万。而 3 月 19 日至 3 月 25 日，在月之暗面宣布把长文本能力从 20 万字提升至 200 万字那一周，Kimi 的访问量达到了 394 万次，略高于文心一言的 338 万次，一度跃升为国内网页端周度访问量最高的 AI 应用。据 similarweb 数据显示，整个 3 月 kimi 的访问量达到 1218.6 万次。Kimi 走红的背后，离不开当下阿里激进改革、转型 AI 的支持。有投资人透露，月之暗面新一轮融资完成后，阿里将成为其持股 40% 的单一大股东。不过，为了保证创始人团队保有绝对的决策权和控制权，做了 AB 股处理，拥有足够的投票权。消息称，最新 10 亿美金融资中有 8 亿美金来自阿里，部分资金以阿里提供的算力折算。悄然间，阿里在 AI 赛道已有多个棋子的布局。

Kimi 奇袭百度，文心一言酝酿改名

新晋 AI 搜索引擎秘塔 AI 在中国市场引起关注。该搜索引擎由秘塔网络科技开发，支持多轮对话式搜索，以及结构化信息展示。与传统搜索引擎相比，秘塔 AI 能更准确地理解用户的搜索意图，并提供精准的搜索结果。该搜索引擎还提供清爽的搜索体验，没有广告且免费使用。目前，秘塔 AI 搜索已经推出不到两个月，访问量已达数百万次。秘塔 AI 的创始人闵可锐在人工智能和自然语言处理技术方面拥有丰富的经验。

“中国版 Perplexity”？新晋 AI 搜索 “黑马” 秘塔何以出圈？

Bilibili rose nearly 3% in pre-market trading, Alibaba and JD.com rose over 1%, while Pinduoduo, Nio, XPeng, and Baidu all saw gains. NetEase fell over 1%, while Li Auto experienced a slight decline. In terms of individual stocks, Alpine Immune surged over 36%, as the company was acquired by Fosun Pharma for $4.9 billion

Pre-market trading in US stocks | Panic index surges 5%! Bilibili, Alibaba lead gains in Chinese concept stocks

Reddit has fallen for three consecutive days, hitting a historic low with the current stock price at $42

WSB Hot Discussion | Nvidia Unfazed by CPI, Continuing to Lead the US Stock Market?

Bank of America Merrill Lynch has lowered Tesla's target price from $280 to $220, believing that Tesla will face increasing profit pressure due to weak demand. Unless Tesla enters new regional markets, it is expected to be difficult for the company to generate additional sales with its existing product portfolio or without further price reductions

Rating Quick Look | NVIDIA, TSMC's target prices significantly raised! Alibaba, Tesla face price cuts again!

Bill Ackman manages assets of approximately $14 billion, with a five-year annualized return of 28%. His main holdings are low-profile consumer stocks

Five-year returns far exceed the S&P 500, and big shots also rely on these stocks

XinJiShaxi issued an announcement stating that the company's stock price fell and trading volume increased, leading to the controlling shareholder being forced to sell 212 million shares of the company. After the forced sale, the company's equity stake decreased. The board of directors confirmed that there were no significant changes in business operations and financial conditions. Trading of the company's shares has been suspended and will resume after the announcement is published

Xinji Shaxi: Controlling shareholder forced to sell 212 million shares, company to resume trading on April 12

CHINA COAL(01898) rose 2.68%, with a trading turnover 183.5 Million HKD, and a year-to-date rose 13.4%. YANKUANG ENERGY(01171) rose 2.2%, with a trading turnover 389.5 Million HKD, and a year-to-date rose 19.1%. BEIGENE(06160) fell 4.99%, with a trading turnover 95.6 Million HKD, and a year-to-date fell 19.6%. CHOW TAI FOOK(01929) fell 4.28%, with a trading turnover 100.2 Million HKD, and a year-to-date rose 0.2%.

Top 5 HK Stock Gainers/Losers (>100B) (4.11)

FIT HON TENG(06088) fell 11.89%, with a trading turnover 93.2 Million HKD, and a year-to-date rose 82.2%. ZAI LAB(09688) fell 7.15%, with a trading turnover 64.6 Million HKD, and a year-to-date fell 44.5%. MEIDONG AUTO(01268) fell 6.47%, with a trading turnover 16.2 Million HKD, and a year-to-date fell 39.2%.

Top 10 HK Stock Losers (4.11)

KEEP(03650) rose 45.65%, with a trading turnover 417.3 Million HKD, and a year-to-date fell 51.9%. SANERGY GROUP(02459) rose 15.95%, with a trading turnover 31.8 Million HKD, and a year-to-date fell 61.2%. DONGFANG ELEC(01072) rose 8.99%, with a trading turnover 103.7 Million HKD, and a year-to-date rose 35.9%.

Top 10 HK Stock Gainers (4.11)

Tesla options trading volume slightly increased to 1.92 million contracts, with put options accounting for 55.6%. Put options with a strike price of $240 expiring on April 19 traded over 150,000 contracts, becoming the most active contract overnight. Apple options trading nearly doubled to 1.04 million contracts, with put options accounting for 56.6%

US Stock Options | Market betting on a decline? Tesla, Apple, Intel put options trading surges!

Raising $450 million, with a valuation exceeding $3.1 billion

Compound annual growth rate of 63%, professional nursing company PACS will go public tonight

我国每年工农业等重点领域设备投资更新需求在 5 万亿元以上，汽车、家电换代需求也在万亿元以上级别。

发改委：我国每年工农业等重点领域设备投资更新需求在 5 万亿元以上，汽车、家电换代需求也在万亿元以上级别

今年美国联邦基金利率预计在 5% 左右，意味着今年只会有一到两次 25 个基点的降息。外界质疑，在经济未放缓的情况下，美联储是否能降息。当前焦点在于通胀是否下行或停滞在接近 3% 的水平。如果经济没有明显放缓，美联储可能无法降息。

新美联储通讯社：现在的问题已经不是何时降息，而是降不降？

Bubble Mart rose more than 4%, as of the deadline, it rose by 4.01% to HKD 29.85, with a turnover of HKD 2.28 billion. Morgan Stanley released a research report stating that there is a more than 80% chance that Bubble Mart's stock price will rise in the next 30 days. Potential positive catalysts include first-quarter sales performance, overseas sales growth potentially leading to market upgrades to its full-year forecast; May Golden Week; Toy bricks set to launch in June; mobile games to start public testing soon. The bank pointed out that since early February, Bubble Mart has significantly outperformed the Hang Seng Index for the same period, but believes that the stock still has further upside potential, supported by ample catalysts and a potential compound annual growth rate of around 30% from 2023 to 2025

Hong Kong Stock Market News | Pop Mart rises more than 4%, Morgan Stanley says the company has multiple positive catalysts, stock price still has room to rise

While AltC Acquisition Corp has underperformed by -11.78%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ALCC rose by 39.23%, with highs and lows ranging from $17.49 to $10.10, whereas the simple moving average jumped by 33.90% in the last 200 days.

Do investors need to be concerned about AltC Acquisition Corp (ALCC)?

AltC Acquisition Corp. saw a large growth in short interest in March. As of March 31st, there was short interest totaling 106,500 shares, a growth of 886.1% from the March 15th total of 10,800 shares. 

Short Interest in AltC Acquisition Corp. Rises By 886.1%

OSL Group rose nearly 5%, as of the time of publication, it rose by 4.76% to HKD 9.47, with a turnover of HKD 16.6891 million. On the news front, on April 10th, the Hong Kong Securities and Futures Commission updated the list of fund companies managing virtual assets on its official website, adding Jia Shi International and Huaxia Fund (Hong Kong). These two companies, on the basis of their existing asset management business, have added virtual asset management services. Analysts in the industry believe that obtaining this qualification means that the Hong Kong market's Bitcoin spot ETF product is only a step away from being launched and is expected to be implemented in the near future. It is reported that the company is a digital asset and financial technology company, and its OSL digital asset platform is the first and currently the only digital asset platform in Hong Kong that has been licensed by the Hong Kong Securities and Futures Commission and has insurance coverage, providing institutional and professional investors with services such as bulk trading, trading, custody, and settlement of digital assets

Hong Kong Stock Market News | OSL Group Surges Nearly 5% as Hong Kong Bitcoin Spot ETF Approval Imminent

ZEEKR recently conducted an executive live streaming endurance test, showing that the endurance completion rates of its two products are 83% and close to 90% respectively. This achievement demonstrates ZEEKR's strong technical capabilities in the field of new energy vehicles. ZEEKR not only launched multiple popular products, but also tested them in a way that simulates real user scenarios infinitely to clarify controversies about endurance capabilities. ZEEKR responds to doubts with strength, demonstrating its focus on and satisfaction of user value needs

Hyper Track | Why is ZEEKR bold enough to live stream endurance testing

比特币突破 71000 美元/枚，日内涨 1.77%。

U.S. inflation has fluctuated slightly, with Wall Street bulls believing there is no need to worry excessively. Analysts at hedge fund Citadel stated that unless there is a policy mistake, inflation will gradually converge to the Federal Reserve's target of 2%. At the same time, strong U.S. economic data has led investors to reassess their rate cut expectations. Traders expect the Fed to cut interest rates only twice this year. The market is confident in the Fed's ability to control inflation, and risk assets are expected to continue to rise. Wall Street praises Fed Chairman Powell for his stance against rate cuts last year. Despite slightly higher inflation rates, the Fed still has room to cut rates

Second wave of US inflation? Wall Street bulls: Don't panic, US stocks can rise without interest rate cuts

Former US Treasury Secretary Lawrence Summers said that the rise in the US Consumer Price Index (CPI) in March could mean that the Federal Reserve may raise interest rates. He believes that a rate cut in June could be a mistake, leading to a possible downturn in the financial markets. Goldman Sachs Chief Economist Jan Hatzius has postponed the timing of the first rate cut to July and expects the Fed to cut rates twice this year. He stated that the committee will need to see sustained strong inflation data and prolonged weak data

Raging inflation shatters market dreams! Will the Federal Reserve not cut interest rates in June, and possibly even raise them?

中国电动车基础设施和试驾体验良好，新兴市场投资者关注收益策略，中国市场信心恢复是必然。

摩根资产管理 Emily Whiting：人们对中国市场的信心恢复是必然的

中国 3 月 CPI 年率 0.1%，预期 0.40%，前值 0.70%。

中国 3 月 PPI 年率 -2.8%，预期-2.80%，前值-2.70%。

El-Erian 认为，美联储应提高通胀目标以避免过高利率对经济和就业市场的不必要放缓。隔夜美国核心 CPI 连续第三个月超预期，引发市场对通胀的深度思考。El-Erian 认为，当前美国处于供给受限而非需求不足的全球经济新范式中，需要摒弃对过去数据的过度依赖，采取更具战略性的政策视角。分析师预计鲍威尔可能倡导将中期通胀目标调整至更接近 3% 的水平，以应对供给受限带来的挑战，并避免过高利率对经济造成负面影响。

El-Erian：美联储应尽早认清 “通胀原因”，提高通胀目标，避免过高利率

Goldman Sachs Asset Management has withdrawn its investment from overvalued technology stocks and shifted its focus to energy stocks and the Japanese stock market. The energy sector may benefit from the growth in global energy demand, while the Japanese stock market is attractive to investors due to relatively lower valuations, economic factors, and policy support. Goldman Sachs remains optimistic about the stock market but believes that technology stocks may face downward pressure. In addition, Goldman Sachs expects the US economy to achieve a soft landing, but there are still risks. Goldman Sachs maintains a cautious stance on utilities, real estate investment trusts, and small-cap stocks. Some small-cap stocks with lower valuations that may become acquisition targets in the AI field remain attractive

Goldman Sachs: It's time to take profits on US tech stocks and look at investments elsewhere

美国前财长萨默斯认为，6 月份降息将是一个危险且严重的错误，现在不需要降息。他指出，3 月份美国 CPI 数据的上升表明，下一次会议美联储加息的可能性必须得到慎重对待。此外，萨默斯还表示，经济指标可能逆转，金融市场可能下滑，因此对于降息应该谨慎考虑。

美国前财长萨默斯：是时候慎重考虑美联储加息了

Biden's rare statement: The start of rate cuts will be delayed by at least a month. Meta's next-generation AI chip debuts: optimizing recommendation systems, but unable to train large models. Adobe buys video resources to build a text-to-video model. OpenAI founder Ultraman proposes an AI alliance plan. Apple plans to double iPhone production value in India to $14 billion. Bitcoin hits $71,000 per coin. Hong Kong may launch its first batch of spot Bitcoin ETFs this month

Breakfast | CPI crushes rate cut expectations, US stocks collectively plunge, Morgan Stanley bullish on NVIDIA to $1000

拜登公开表示预计美联储年底前将降息，以应对连续高于预期的通胀数据对连任前景的影响。通胀和失业率对总统连任机会有重要影响，因此拜登需要采取措施应对。然而，就业数据和通胀数据的不利影响可能导致选民对拜登经济政策的不满，进一步削弱其连任机会。拜登试图通过强调通货膨胀率的下降来辩护自己的经济成就，但他需要避免进一步失望美国民众，以提高连任的支持度。

拜登坐不住了？罕见对美联储货币政策表态

Alibaba(BABA) rose 2.19%, with a trading turnover 1.5 Billion USD, and a year-to-date fell 3.8%. NVIDIA(NVDA) rose 1.97%, with a trading turnover 37.1 Billion USD, and a year-to-date rose 75.8%. Blackstone(BX) fell 4.48%, with a trading turnover 423.4 Million USD, and a year-to-date fell 3%. Prologis(PLD) fell 4.47%, with a trading turnover 553.8 Million USD, and a year-to-date fell 8.9%.

Top 5 US Stock Gainers/Losers (>100B) (4.10)

Alpine Immune Sciences(ALPN) rose 20.8%, with a trading turnover 619.6 Million USD, and a year-to-date rose 146.8%. Janux Therapeutics(JANX) rose 11.47%, with a trading turnover 149.7 Million USD, and a year-to-date rose 315.8%. Revolution Medicines(RVMD) rose 10.64%, with a trading turnover 159.7 Million USD, and a year-to-date rose 27.3%.

Top 10 US Stock Gainers (4.10)

SMART Global(SGH) fell 24.07%, with a trading turnover 134.2 Million USD, and a year-to-date rose 4%. Rocket(RKT) fell 12.83%, with a trading turnover 74.2 Million USD, and a year-to-date fell 15.1%. Destiny Tech100(DXYZ) fell 12.5%, with a trading turnover 254.6 Million USD, and a year-to-date rose 578.8%.

Top 10 US Stock Losers (4.10)

Nano Labs(NA) rose 30.41%, with a trading turnover 65.8 Million USD, and a year-to-date rose 6.6%. Iczoom(IZM) rose 17.22%, with a trading turnover 128.2 Million USD, and a year-to-date rose 274%. Canadian Solar(CSIQ) fell 7.36%, with a trading turnover 46.3 Million USD, and a year-to-date fell 33.8%. Hesai(HSAI) fell 5.33%, with a trading turnover 2.8 Million USD, and a year-to-date fell 43.2%.

Top 5 CDRs Gainers/Losers (>100M) (4.10)

NVIDIA's stock price has recently shown weakness, dropping more than 10% from its previous all-time high and entering a technical adjustment zone. Competitors like Intel have launched new artificial intelligence chips, while Google has also introduced its own new AI chips, posing a challenge to NVIDIA. Despite some analysts giving a neutral rating, analysts at Morgan Stanley believe NVIDIA is capable of benefiting from the massive investments by cloud providers and have raised their target price to $1000. Although NVIDIA outperformed the broader U.S. stock market this week, as a key driver of the U.S. stock market's rise since the beginning of the year, caution is still needed as it enters a technical adjustment zone

Be cautious! The "most handsome boy" in the US stock market, Nvidia, has temporarily entered a technical adjustment zone

Alpine Immune Sciences（ALPN）美股盘后涨超 36%，最近六个月累计涨幅达到 334.35%。

Tech giant Meta has released its self-developed AI chip to reduce its reliance on external companies like Nvidia. This chip is the latest version of Meta's Training and Inference Accelerator (MTIA) released last year, and will be used to rank and recommend content on Facebook and Instagram. Meta's shift towards AI services has increased the demand for computing power, with plans to invest $35 billion to support AI. Despite tech giants like Meta developing their own chips, the demand for Nvidia in the AI industry remains high

Tech giants successively launch new "anti-NVIDIA" AI chips! This time it's Meta, with an update to MTIA

美联储会议纪要显示，与会官员认为今年适合降息，他们担心通胀未很快回落，同时预计很快放慢缩表速度。