On Thursday Eastern Time, the three major US stock indexes opened high and rose, with the Dow Jones and S&P 500 reaching new highs. As of the close, the Dow Jones Industrial Average rose 1.18%, the Nasdaq rose 2.96%, and the S&P 500 index rose 2.11%. Large technology stocks rose generally, with Nvidia rising over 16%, setting a new historical high in stock price, with a total market value approaching the $2 trillion mark. The company's revenue in the fourth quarter of 2023 was $22.1 billion, a year-on-year increase of 265%; Net profit of 12.285 billion US dollars, a year-on-year increase of 769%; Micro computers surged over 32%, AMD rose over 10%, Broadcom rose over 6%, and Applied Materials and Asma rose over 4%. Meta and Amazon rose over 3%, Netflix and Microsoft rose over 2%, and Apple, Google, and Tesla rose over 1%.
Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index rising by over 1%, Ideal Automobile rising by over 5%, Baidu rising by over 3%, NetEase, Tencent Music, and Vipshop rising by over 1%, and JD.com and Xiaopeng Motors slightly rising. NIO fell more than 2%, Weibo fell more than 1%, and Bilibili and iQiyi slightly declined.
Global News

The Fed minutes reiterate the risk of too fast interest rate cuts! Large number of bulls fleeing US bonds, new sell-off storm raging
Due to the auction of 20-year US treasury bond bonds with weak demand, and the impact of the Federal Reserve's minutes clearly showing concern about premature interest rate cuts, US bond prices fell again across the board on Wednesday and pushed yields of all maturities higher.
Will the United States increase chip subsidies? US Secretary of Commerce: Need for a Second Chip Act
On Wednesday Eastern Time, American chip giant Intel held its first wafer foundry event in San Jose, California. US Secretary of Commerce Gina Raimondo stated at the event that if the US wants to "lead the world" in the semiconductor industry, it needs to further increase government subsidy investment, such as enacting a second Chip Act.
A new high in history! Japanese stocks have broken through 39000 points! Sword finger 40000 points? Big news suddenly spreads in the United States
On February 22, the Japanese stock market continued to rise, with the Nikkei 225 Index breaking through 39000 points at one fell swoop, exceeding the historical peak set on December 29, 1989 during the foam economy period. By the end of the day, the Nikkei 225 Index had risen 2.19% to 39098.68 points, a record closing high, and has risen more than 16.8% year to date.
Company News
Nvidia's performance has gone crazy, except for China where the proportion of revenue has dropped to single digits
Nvidia, a major GPU chip manufacturer, once again broke market expectations in its latest Q1 financial report. After hours on February 21st Eastern Time, Nvidia released its fourth quarter and fiscal year 2024 financial reports with stronger than expected revenue and profits. Its fourth quarter revenue reached a record breaking $22.1 billion, a 22% increase from the third quarter and a 265% increase from the same period last year, better than Wall Street analysts' expectations of $20.45 billion. Overall, in the 2024 fiscal year, Nvidia's total revenue reached $60.9 billion, a year-on-year increase of 126%, and adjusted earnings per share were $12.96, a year-on-year increase of 288%.
Ultraman responds to the $7 trillion semiconductor plan: the world needs more AI chips to invest beyond imagination
On February 21st local time, Intel CEO Pat Gelsinger and OpenAI CEO Sam Altman had a conversation at the San Jose Convention Center in California, emphasizing that the world will need more artificial intelligence AI chips.
Weakening demand for electric vehicles: Tesla's competitor's production target this year is lower than expected. Musk predicts bankruptcy within one and a half years
The 2024 production targets of two new car making forces in the United States are far below market expectations.
Joining the ranks of Apple and Samsung, Google plans to produce smartphones in India as early as the second quarter
According to sources cited by the media, Alphabet's Google has informed its suppliers that it plans to produce Pixel smartphones in India as early as the second quarter, and the company is increasing its efforts to expand into the Indian market.
India can't wait anymore! Local pharmaceutical companies are starting to replicate "weight loss pills"
In order to grab a share of the market for new weight loss pills, Indian pharmaceutical companies have started developing their own versions of "miracle weight loss pills".