On Tuesday Eastern Time, the three major US stock indexes fluctuated. As of the close, the Dow Jones Industrial Average fell 0.25%, the Nasdaq rose 0.37%, and the S&P 500 index rose 0.17%. Meta, Google, AMD rose more than 1%, while Apple rose nearly 1%, with reports stating that the company has ended its electric vehicle program.
Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index rising more than 2%. Ideal Automobile rose more than 11%, NetEase rose more than 5%, iQiyi and Weibo rose more than 4%, NIO rose more than 2%, Xiaopeng Automobile, Alibaba, Bilibili, JD.com, Baidu, Pinduoduo, and Vipshop rose slightly.
Global News

Major emergency! The United States and Britain, together with eight other countries, issue a statement supporting the 6G principle
On February 26th local time, 10 countries including the United States and the United Kingdom issued a joint statement supporting the 6G principle. The countries participating in this joint statement include the governments of the United States, Australia, Canada, Czech Republic, Finland, France, Japan, South Korea, Sweden, and the United Kingdom.
US Treasury Secretary Yellen: Global Economy Still Resilient Inflation in 80% of Economies Will Fall by 2024
On Tuesday (February 27th), US Treasury Secretary Janet Yellen delivered an optimistic outlook at a press conference before the G20 finance ministers meeting in S ã o Paulo, Brazil, stating that global economic growth this year will be better than expected.
US debt selling pressure intensifies! The demand for two auctions within a day is bleak, and there are investment banks delaying the timing of QT reduction
The sell-off in the US bond market further intensified at the beginning of this week. The results of two US bond auctions on Monday showed that investors need a higher premium before they are willing to buy this batch of two-year and five-year treasury bond with a total size of 127 billion US dollars, which further deepened the anxiety in the US bond market. Later this week, crucial US inflation data will be released.
US Commerce Secretary Frankly Says More Monks and Less Porridge Chip Subsidies Will Be Much Lower Than Enterprise Expectations
On Monday, US Commerce Secretary Raymond said that most chip companies seeking US government subsidies will end up receiving significantly lower subsidies than the amount they apply for, as the US government has received over 600 letters of intent and over $70 billion in subsidies, more than twice the planned subsidy size of $28 billion.
Company News
Nvidia's "special supply" of H20 chips to China is fully accepted after GTC this year, and the earliest available supply is four weeks
The reporter learned from industry insiders that Nvidia's "special edition" AI chip H20 for China will be fully booked after this year's GTC 2024 conference (March 18-21), and can be supplied as soon as four weeks.
Meta's first AR glasses are on the verge of release this autumn, but they will not be released
Meta has been dedicated to developing AR glasses for many years, and the latest report from Business Insider suggests that the result of this work - an internal project codenamed "Orion" (Orion) - may be showcased at Meta's annual Connect Developer Conference, meaning that its first AR glasses are expected to be released this autumn. An insider pointed out that AR glasses will not be sold to the public after their release, and a few employees have already started trying the product.
Why did Microsoft bet on the next OpenAI to choose this French unicorn, which has only been established for ten months?
On February 26th, Microsoft announced a new partnership with French startup Mistral AI. Although detailed financial details were not disclosed, Microsoft stated that this partnership will help it unlock "new business opportunities" and expand its business to global markets.