小米上线了两款交换机新品，包括一台千兆和一台万兆交换机。万兆交换机配备有双 10G SFP+ 网口，支持 10G 传输速率，能够组建万兆工作站。小米展示的 “万兆 NAS” 仅为设计图，用以说明万兆交换机的使用场景，并没有推出 NAS 产品的规划。

小米将推万兆 NAS？官方回应：没有规划

苹果公司 iPhone 16 系列屏幕已开始大规模量产。LG Display 与三星 Display 将为 iPhone 16 Pro 提供 OLED 面板，其中三星将为全部四款机型供货，LG Display 则只供应两款 Pro 机型。苹果批准了 LG Display 的供货，缩小了与三星的差距。目前，iPhone 16 和 iPhone 16 Pro 的屏幕已经开始量产，而 iPhone 16 Plus 和 iPhone 16 Pro Max 的屏幕量产尚需等待批准。新款 iPhone 16 系列屏幕尺寸增大，边框缩减 31%。

边框缩减 31% 苹果 iPhone 16 系列屏幕开始量产

苹果公司有可能在 2024 年发布全新的 AirPods Max 2 头戴式耳机，增加了更多新配色和可替换材料的选择。新一代耳机将升级为 USB-C 接口，内部芯片也将升级，以提供更好的运算效能和连接稳定性。此外，AirPods Max 2 可能会与苹果 Vision Pro 进行产品联动，提供沉浸虚拟世界的体验和更好的声音效果。

苹果旗下存在感最低的产品年末或迎来更新

苹果降价收获颇丰 4 月份国内出货量暴增 52%

The two-year US Treasury yield is approaching 5%, hitting a four-week high. Will Thursday's initial jobless claims and Friday's Fed's "favorite" inflation indicator - the core PCE index, provide more evidence for the Fed to "maintain high interest rates"?

The US stock market has fallen again, what happened? Keep a close eye on these two pieces of data today and tomorrow

法拉第未来（FF）发布财报后股价暴跌，全年营收不足 80 万美元，仅出售 4 辆 FF91，面临退市风险，现金状况不佳。公司决定撤回 2024 年生产目标。尽管面临困境，CEO 仍乐观表示对未来充满信心。公司计划进入中东市场以缓解经营压力。股票遭投资者抛售，股价大幅下跌。

资金紧张、销量惨淡，股价暴跌，法拉第未来还能走多远？

NVIDIA's latest craze has not only caused a stir among retail investors, but also sparked a boom in the leveraged ETF industry. GraniteShares Fund provides investors with a fund that doubles the long position in NVIDIA, with a growth rate of 450% in the past year. At the same time, funds that double the short position of the underlying stock have fallen by 86% this year. NVIDIA's stock price has hit a historic high, driven by the gamma squeeze effect pushing the stock market higher. Creators of ETFs like GraniteShares are preparing to launch a series of new options strategies, making NVIDIA the new darling of tech stock investors

NVIDIA sparks leveraged ETF frenzy, double long fund soars 450% in a year

US stocks collectively fell, Huang Renxun's wealth exceeded $100 billion, ranking 15th on the global rich list. Faraday Future Intelligent Electric fell by 62.57%. Apple plans to develop custom chips for confidential computing, preventing employees from accessing the data during development. Alibaba completed a $5 billion convertible preferred note issuance. DiDi's first-quarter revenue increased to 49.1 billion yuan. All ChatGPT free users can now use vision, data analysis, and multiple GPTs. The EU announced the establishment of an artificial intelligence office. The market speculates that a spot Ethereum ETF will soon be approved

Breakfast | NVIDIA hits a record high for 4 consecutive days, media reports suggest Musk may become a consultant to Trump

The company has also lowered the year-over-year growth rate of the main business "subscriptions and support" revenue for the fiscal year 2025. If the post-market plunge continues to the opening of tomorrow, it will completely erase the stock's year-to-date gains. Some netizens commented that Salesforce's financial report indicates that the software industry is in trouble, and Microsoft and Oracle are also unable to escape the negative impact

Revenue falls short of expectations for the first time in 18 years, with poor guidance, cloud computing service giant Salesforce plunges 17% after hours | Financial Report Insights

5 月 29 日美股成交额前 20 中，英伟达股价连续四日累涨 21%，再创历史新高，成交额达到 623.85 亿美元，市值达到 2.82 万亿美元。苹果公司正在招募高级安卓工程师，以开发电视和体育应用程序，旨在在视频流媒体领域获得市场份额。特斯拉员工 FSD Beta 版计划已注册，但尚无法启用任何 FSD 功能。韩国证券业界分析认为，三星电子将与 AMD 合作制造 3 纳米 GAA 架构制程芯片。微软成交额为 65.91 亿美元。以上是 5 月 29 日美股成交额前 20 的相关信息。

5 月 29 日美股成交额前 20：英伟达再创新高，连续四日累涨 21%

周三热门中概股多数下跌，纳斯达克中国金龙指数（HXC）收跌 0.86%。上涨股当中，拼多多涨 1.04%，新东方涨 3.76%，蔚来涨 0.61%，亿航涨 4.42%。下跌股当中，台积电跌 3.18%，阿里巴巴跌 1.89%，网易跌 1.79%，京东跌 1.91%，百度跌 1.29%，携程跌 1.68%，中华电信跌 1.93%，腾讯音乐跌 0.60%，日月光半导体跌 2.29%，联电跌 3.27%，理想汽车跌 1.08%，贝壳跌 0.53%，中通跌 2.47%，百济神州跌 1.20%，华住酒店集团跌 1.70%，富途控股跌 0.72%，满帮跌 0.67%，BOSS 直聘跌 3.63%，唯品会跌 0.06%，小鹏汽车跌 2.73%，名创优品跌 0.43%，极氪跌 4.51%，哔哩哔哩跌 2.01%，WSP 控股跌 2.59%。

周三热门中概股多数下跌 新东方涨 3.8%，台积电跌 3.2%，阿里跌 1.9%

美股周三尾盘继续下跌，道指下跌 400 点，美债收益率攀升对股指造成压力。英伟达股价再创新高，但其他科技股表现平平。投资者关注美股财报和美联储降息时机。美股市场进入 5 月份最后交易时段，三大股指录得涨幅。道指和纳指首次突破 40000 点和 17000 点关口。英伟达股价持续上涨，市值超过 2.8 万亿美元。除科技股外，美股财报仍受关注，美国航空和西南航空公布财报。美国国债收益率连续上涨，分析师认为对股票投资者具有担忧。

尾盘：道指下跌 400 点 英伟达再创新高

English Resources has rejected BHP's offer three times in the past month. BHP has decided to abandon the acquisition offer after English Resources refused to extend the deadline again. If this largest-scale mining deal is reached, it will create the world's number one copper mining company, with a supply volume accounting for 10% of the global total supply

Mining "Century Deal" falls through! BHP Group abandons $50 billion acquisition of Anglo American Resources

On June 10th, Apple's annual Worldwide Developers Conference may unveil this plan, allowing Apple to integrate more AI features into hardware products and offload edge AI workloads to cloud servers to improve the AI capabilities, processing power, memory, and battery life of hardware products. To achieve this, Apple's self-developed cloud server chips will create a data security barrier by introducing confidential computing technology and secure enclave

Media: Apple's cloud data processing also protects privacy, with virtual black boxes, confidential computing, and self-developed high-end chips all in play

The world's largest Bitcoin fund, Grayscale's GBTC, experienced its largest outflow in two weeks on Tuesday, with a total of $105.2 million withdrawn. Meanwhile, BlackRock's Bitcoin ETF IBIT saw an inflow of $101.9 million at the same time, surpassing GBTC to become the world's largest Bitcoin ETF

As long as it's an ETF, even Bitcoin, it's BlackRock's world!

American Airlines' profitability and operational efficiency have declined, with financial pressure greater than expected. In addition, the departure of the Chief Commercial Officer led to a nearly 16% overnight plunge in the company's stock price on Wednesday morning, dragging down the overall aviation sector stocks in the U.S. market

Profit warning, executive departures, American Airlines plunges 16%, marking the largest drop during the pandemic

英伟达 H20 芯片降价引起市场波动，多只 A 股算力概念股遭受重创。降价原因是市场需求低迷和竞争压力。华为等本土 AI 芯片供应商崛起加剧了国产算力卡与外资品牌的竞争。英伟达在中国市场销售额大幅下降，管理层预计中国市场将面临激烈竞争。此前，英伟达在中国销售收入占据数据中心业务总收入的比例已降至 14%。

英伟达 H20“退烧” 国产 GPU 向前

美股周三早盘继续走低，道指跌逾 300 点，受美债收益率攀升的影响。市场关注英伟达等科技股财报以及美联储降息时机和幅度等因素。本月美股三大股指均录得涨幅，但美股财报仍受到市场关注。英伟达股价上涨 20%，成为近期科技股中的亮点。美国航空和西南航空公布了财报，财政部国债拍卖结果不佳，导致美国国债收益率上涨。10 年期美国国债收益率上涨至 4.5% 以上，令股票投资者担忧。

早盘：美股继续走低 道指跌逾 300 点

比亚迪在连续六天下跌后迎来大反弹，成为国内新能源汽车领域的最大赢家。虽然比亚迪在数据方面存在一些不足，但拥有产业链整合的成本优势，加上插混性能推到极致和智能化宣传的助力，让其他车企面临生存空间的挑战。此外，恒指近期蒸发了 1000 多点，主要是因为投资者在科网股上获利，腾讯则表示利率虽低，但回购或外部投资的回报更高。

港股复盘：比亚迪大反弹

心动公司股价在 2024 年出现反弹，短短四个月涨幅接近两倍，成为今年市场回报靠前的股票。此次反弹与 TapTap 无关，主要受益于新手游的出色表现和预期。心动公司曾一度成为备受追捧的大牛股，股价涨幅达 10 倍。然而，股价从历史高点跌至低点，跌幅达 93.4%。此次股价反转是因为公司自研冒险放置手游《出发吧麦芬》在香港、澳门和台湾发行，成为股价的拐点。

反弹 2 倍，心动公司又心动了？

美股周三低开，美国国债收益率攀升令股指承压。市场关注英伟达等科技股的表现及美股财报。美股进入 5 月份的最后交易时段，三大股指均录得涨幅。英伟达股价连续上涨约 20%，市值超过 2.8 万亿美元。美股财报仍受到市场关注，航空公司公布业绩。美国国债收益率升至 4.5% 以上，引发股票投资者担忧。

开盘：美股周三低开 美债收益率令股指承压

比亚迪发布了第五代 DM 技术，搭载该技术的新车型秦 L DM-i 和海豹 06 DM-i 上市。新能源车的续航能力超过传统燃油车，消除了消费者的续航焦虑。比亚迪在混动市场中拥有绝对的话语权。比亚迪的混动技术经历了五次迭代，新能源市场逐渐成为主角。

比亚迪向前走了一大步

Henlius is accelerating its overseas expansion. In December last year, Hansizhuo successfully landed in Indonesia, becoming the first domestically produced anti-PD-1 monoclonal antibody to be shipped overseas. Recently, the biosimilar of trastuzumab monoclonal antibody (Hanquyou) produced by Henlius has been approved for listing in the United States

Report: Fosun Pharma considers privatizing its Hong Kong-listed subsidiary Henlius

英伟达股价暴涨 2045%，市值达 2.8 万亿美元，接近苹果。对冲基金对美国科技巨头的风险敞口创历史新高。特斯拉 CEO 计划打造 AI 版的 “超级算力工厂”，增强了投资者对 AI 芯片支出的信心。但人工智能的信心失控可能会重蹈加密货币炒作泡沫的覆辙。英伟达为首的美股科技 “七巨头” 约占对冲基金对美国单一股票净敞口总额的 20.7%。英伟达股价再度刷新历史新高，总市值高达 2.8 万亿美元，逼近苹果。

太突然！英伟达看涨期权一度暴涨 2045%！

近日，英伟达发布了 2024 年第一季度财报，净利润同比增长 628%。其股价连续上涨，市值达到 2.81 万亿美元。此次引爆 A 股市场的是电磁屏蔽概念。中邮证券认为，英伟达 GB200 需求超预期，AI 服务器对电磁屏蔽材料的需求将带来巨大增量。电磁干扰对 AI 服务器的影响将会缩短使用寿命、增加额外成本并耽误研发进度。电磁屏蔽材料成为核心预期差。

英伟达带来新概念，电磁屏蔽受追捧，相关 A 股股价稳步上涨

丰田汽车、马自达汽车和斯巴鲁汽车联合宣布正在开发一款更小、更高效的 “超级发动机”，可以使用多种燃料实现碳中和，减少碳排放。该发动机将适配油电混合动力和插电混合动力技术，体积和高度将减少 10%—20%，热效率提升 30%，燃油效率提高 12%。这一发动机的出现将颠覆传统汽车的开发逻辑。丰田牵头，联合马自达和斯巴鲁推出 “碳中和发动机”，以提供多样化的选择来实现 “碳中和”。

丰田用 “花招”！搞脱碳发动机，曲线加电，还拉俩盟友入伙

DNF mobile game dominates the charts in its first week online

The new hope of Tencent Games

The "Seven Sisters" of the US stock market currently account for more than 20% of the total net exposure of hedge funds to individual US stocks

With the soaring stock price of NVIDIA, hedge funds have increased their exposure to the "Seven Sisters" of US stocks to a record high

Shopify: With the shell of Youzan and the core of Alipay, how can it grow freely?

中国或将投入约 60 亿元用于全固态电池研发，涉及宁德时代、比亚迪等六家企业。该项目由政府相关部委牵头实施，鼓励有条件的企业对全固态电池相关技术开展研发。全固态电池被认为是下一代新能源动力电池的发展大势，具备高安全性、高能量密度、体积小等优势。此举将促进企业和产业链加码投入全固态电池研发，为全球绿色转型和可持续发展注入新动力。

全固态电池重大消息！我国或将投入 60 亿元，涉及宁德时代、比亚迪等六家企业

交易商协会决定对长春城投、光大证券、青白江国投、中金公司等六家机构启动自律调查。

交易商协会对六家机构启动自律调查

Faraday Future Intelligent Electric (FFIE) plunged by 58% in pre-market trading, now down over 40%; Crown ElectroKinetics (CRKN) dropped by over 5%, GameStop (GME) fell by 5%, AMC Entertainment (AMC) dropped by over 2%. Alibaba, JD.com, XPeng fell by over 2%, Pinduoduo dropped by nearly 2%, NIO, NetEase, Baidu fell by over 1%, Li Auto, Bilibili dropped by nearly 1%

Pre-market trading in US stocks | Meme stocks, Chinese concept stocks, and technology stocks all fell!

Morgan Stanley believes that global supply of 5.9 million tons of alumina is hindered, equivalent to about one-tenth of global supply after excluding China. Alumina demand may increase, while alumina inventory buffers are limited, so any supply shock will lead to sharp price fluctuations

Morgan Stanley "joining in the fun": Current aluminum oxide is in tight balance, any supply shock will lead to sharp price fluctuations

保时捷中国销量下滑，经销商要求赔偿并给予新车补贴。保时捷全球营收下降，汽车毛利率下挫，成为其 IPO 以来最差的财季。保时捷近期推出促销活动，降价幅度较大。

保时捷在中国真卖不动了

港股 18A 板块再次发生单日暴跌，康宁杰瑞制药股价暴跌 44.75%。股价暴跌原因是该公司公告显示其研发的 PD-L1/CTLA-4 双特异性抗体 KN046 的临床试验在胰腺癌适应症上失败。这已不是 KN046 首次折戟的适应症，此前在一线联合治疗鳞状非小细胞肺癌中也未能成功揭盲。

单日暴跌 44%，港股 18A 再现 “创新药惨案”

Due to upgrades in processors and DRAM, Morgan Stanley predicts that the semiconductor value of each AI PC will increase by 20%-30%, and the average selling price of PCs will also rise by 7%

Value soared by 30%, AI PC drives semiconductor shipment surge | AI Dehydration

UBS rates Tencent Holdings as "Buy" with a target price of HKD 480, believing that the firm's firm commitment to share repurchases, emphasis on shareholder returns, and internal rate of return will all provide support for valuation. Nomura slightly lowers the target price of NetEase H shares from HKD 215 to HKD 210 while maintaining a "Buy" rating

Rating Quick Look | Kuaishou, Netflix target prices raised! Tencent is optimistic, while NetEase faces price cuts

Overnight hottest contracts: Apple calls with a May 31 expiration date and a strike price of $192.5, with a trading volume of over 100,000 contracts! Tesla calls with a strike price of $180 traded 95,000 contracts. NVIDIA calls with a strike price of $1200 traded nearly 90,000 contracts

US Stock Options | NVIDIA, GME, AMC Trading Volume Surges! Tesla, PDD Trading Volume Falls

法拉第未来表示，由于各种原因，包括需求不足、竞争加剧和宏观经济环境挑战等，可能永远无法实现或维持盈利。此外，公司可能会产生不可预见的费用，或者在交付车辆时遇到困难和延迟，因此可能永远无法产生足够的收入来维持运营。

法拉第未来盘前大跌超 40%，警告可能永远无法实现或维持盈利

京东集团回应了关于旗下家庭医生事业部的架构调整，称该调整旨在整合医疗健康服务业务，提高服务效率，增加服务价值。调整将 C 端业务及职能合并至京东健康互联网医疗事业部，将 B 端业务及职能合并至京东健康企业业务事业部。此次调整不涉及业务和人员裁撤，公司相信通过资源整合将打造更全面的线上线下一体化医疗健康服务。

京东回应健康家庭医生事业部架构调整：确有调整，但不涉及业务及人员裁撤

Morgan Stanley stated that capital expenditure is a decisive factor for AI advantage, and it is expected that multiple enterprises under Musk's leadership may cumulatively invest hundreds of billions of dollars in AI infrastructure

The largest Series B financing in history! Musk's xAI sets a new VC record

This will be a "smoky" conference that will determine whether Musk's $56 billion compensation plan is approved, and whether the company's registration will move from Delaware to Texas

This year, Tesla's shareholders' meeting will decide on two major issues

马斯克助攻，英伟达股价暴涨近 7%，市值逼近苹果。英伟达是全球第三大科技巨头，市值增加 1870 亿美元，相当于一个迪士尼的市值。公司发布的财报显示，营收同比上涨 262%，预测销售额将达到 280 亿美元。股票分析显示，英伟达的增长轨迹不断改善。

马斯克强势助攻，xAI 需要上万块芯片？英伟达暴涨近 7% 市值逼近苹果

马斯克的 “铁粉” 木头姐旗下的方舟风险基金最近入股马斯克旗下的人工智能初创公司 xAI，投资占基金总持仓的 2%。此前，方舟风险基金还购入了 OpenAI 和 Anthropic 的股份。分析人士认为，木头姐对人工智能领域具有革命性潜力的看好。方舟首席未来学家表示，xAI 具有独特区别优势，基础人工智能模型将有巨大价值。方舟风险基金也投资了其他公司，包括 SpaceX、Epic Games 等。

坚定看好马斯克！木头姐风投基金投资 xAI

According to analysis, NVIDIA's PEG (Price/Earnings to Growth ratio) is 1.1, much lower than Qualcomm, Broadcom, Salesforce, etc. The fundamental reason supporting the continuous rise in NVIDIA's stock price is that the company's EBIT margin has reached 69%, with performance being described as "extraordinary"

NVIDIA, not expensive?

阿里健康午后持续走高，股价上涨 5.62%，现报 3.57 港元，成交额 2.63 亿港元。 阿里健康公布的全年业绩显示其业绩超预期，机构预计其 2025 财年利润增长将加快，这使得市场对阿里健康的未来发展充满期待。

阿里健康午后持续走高 股价现涨近 6%

小鹏汽车面临市场压力，发布了首款车型 MONA 的非官方渲染图。该车型采用分体式前大灯和溜背设计，具有辨识度高的外观。预计售价在 10 万到 15 万元左右，将对标特斯拉 Model 3。车辆续航超过 500km，电池供应商包括比亚迪。该车由滴滴和小鹏共同打造，滴滴负责设计和销售，小鹏负责研发和供应链。此外，小鹏拥有智能驾驶技术，产品力值得期待。

小鹏 MONA 首款车型非官方渲染图来了 颜值有亿点高

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小米 SU7 和问界 M9 订单火爆，有望推动新能源渗透率提升。根据乘联会数据，5 月份乘用车市场零售量同比下降 5%，但较上月同期增长 19%。今年以来，累计零售量达到 726.7 万辆，同比增长 6%。中国银河证券分析认为，虽然新能源市场销量尚未充分反映市场需求，但小米 SU7、问界 M9 等产品仍有大量订单积累。随着产能的提升，新能源渗透率有望继续提高。未来还将有更多新款产品上市，进一步推动新能源渗透率的增长。

小米 SU7、问界 M9 订单火爆 有望推动新能源渗透率提升

刘强东通过明确的奖罚制度，试图逼着京东员工找回狼性，重拾十多年前的价格战勇气。在电商大洗牌中，京东已被拼多多挤下中国电商第二的位置，市值不到后者的四分之一。刘强东表示，京东一季度实现收入 2600 亿元，同比增长 7%，自营零售同比增长 6.6%。他认为京东的各项参数都进入向好势头，公司梦想和激情不断成长。目前需要京东一鼓作气，但挑战也显而易见。