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European and American stock bonds weakened. Shell and US stocks rose more than 7% before the market, Fuduo rose nearly 90%, US dollar, gold, and oil prices rose, and Bitcoin rose 1.7%
On Friday, the European and American stock markets and bond markets both weakened. Domestic policies favorable to real estate were introduced. Shell and US stocks rose more than 7% before the market, Fangduo rose nearly 90%, US dollar, gold, and oil prices continued to rise, and Bitcoin rose 1.7%. Futures on the three major US stock indices rose slightly. Dow futures rose 0.01%, S&P 500 futures rose 0.02%, and NASDAQ futures rose 0.05%. Most major European stock indexes fell. The benchmark Stoxx 600 index fell 0.3%, France's CAC index fell 0.4%, the UK FTSE 100 index fell 0.4%, and the German DAX index fell 0.3%. Before the US stock market, Chinese housing
Options Market Statistics: Walmart Stocks Jump, Options Pop as Q1 EPS and Revenue Beat
News Highlights
Tencent Conference Call: Advertising and Gaming Benefit from AI Deployment, Total Game Traffic Resumes Growth
Specifically, among Tencent's three main businesses, revenue from the value-added services business fell 0.9% year-on-year in the first quarter of 2024. Tencent said that with the implementation of various government economic stimulus measures, Tencent expects this trend to gradually reverse and the fintech business to resume growth. Moreover, Tencent has achieved initial results in monetizing SaaS products that have been provided free of charge for a long time. Tencent will continue to steadily advance the monetization process of SaaS services in the future. In the advertising business, Tencent continues to innovate advertising technology and uses AI to optimize advertising targeting to enhance its competitiveness and efficiency. In the game business, Tencent expects that with the advancement of technology, the mixed-element big model can be developed into multi-modal AI in the future, which can create high-quality video content and further help game production.
Earnings Call Summary | Tencent(TCEHY.US) Q1 2024 Earnings Conference
The following is a summary of the Tencent Holdings (TCEHY) Q1 2024 Earnings Call Transcript:Financial Performance:Tencent reported Q1 2024 total revenue of RMB 160 billion, an increase of 6% year-on-y
Alibaba Stock Dips as Huge Investment Losses In Q4 Overshadow Revenue Growth and Dividend
Alibaba stock is trading lower Tuesday after the company reported its quarterly results.
Shares of US-listed Chinese Stocks Are Trading Lower in Sympathy With Alibaba, Which Dropped After Mixed Q1 Earnings. Additionally, Biden Is Expected to Increased Tariffs Targeting Multiple Chinese Sectors.
Shares of US-listed Chinese Stocks Are Trading Lower in Sympathy With Alibaba, Which Dropped After Mixed Q1 Earnings. Additionally, Biden Is Expected to Increased Tariffs Targeting Multiple Chinese Se
digimonX : I don't think the Fed will cut rates in Q1. I think rate cuts probably start in Q2. Anyway, I am happy as long as Powell doesn't say shitty things to tank the market.
As for the tech sector, I agree nvidia will still own the AI market. However, industry players want a second source (because nvidia has a reputation to be "unfriendly"). AMD is the second source. I hope AMD can get enough capacity from TSMC to produce many MI300s. The initial batches of MI300 cards all go to the El Capitan supercomputer installation. AMD's investment in opensource AI software platforms is the right direction as it allows models to be hardware agnostic. If they are successful, switching underlying hardware will be simpler than many think.
Palantir has been implementing AI-based solutions well before AI caught mainstream news. Many people have issues because the things Palantir does is not always clear. Many of their customers are government agencies & contracts/engagements are confidential. This is a company that one invests partly based on numbers & partly on gut feel. I own some shares & hope the company does well.
Rexon CapitalOP : Thanks for starting a discussion
Powell will speak today so we shall see what his views are. Most likely he will remain neutral unless being tricked into showing his cards.
I agree with your views on AMD. However, I think they will invest more into data centers as they are currently dominating in that area. My biggest worry for NVDA is the US government trying to hamper it. This will help AMD to catch up. Intel has already taken a comfortable bed in the ground.
Palantir really needs to promote its AI model towards business and generate more revenue. The next biggest catalyst will be S&P500 inclusion.
digimonX : I hope Powell remains neutral like you mentioned rather than saying things like "not confident the Fed has done enough", "higher for longer", etc. I have phobia every time this guy comes out to talk.
I don't currently own nvidia & am currently selling put options at high $300s & low $400s strike prices. If it gets there, I'll pick up the shares. If not, I'll just collect the premiums. At some point, I do wanna own some nvidia shares. I don't like Jensen Huang because I find him arrogant but he can really make tons of $... Gotta give it to him.
102180832 digimonX: Powell hint more hike may happen . Time to