To The Moon

On October 10, $Advanced Micro Devices(AMD)$ held a data center event to launch the MI325X AI accelerator and several networking chips.However, despite the promising products, AMD's stock only briefly rose toward the end of the morning session, then continued to decline throughout the day, closing down about 4%, marking a two-day drop to its lowest closing price in a week. This is AMD's biggest intraday and closing drop since September 3.One would expect the launch of powerful AI chips to be a positive move, especially since AMD's new products are going up against $NVIDIA Corp(NVDA)$ 's highly anticipated Blackwell architecture chips. Why did AMD's stock keep falling?Media reports suggest that the decline

$Tesla Motors(TSLA)$ is set to hold its highly anticipated Robotaxi event on October 10, where it will finally unveil its long-delayed autonomous model.Live link: Elon Musk has claimed that this event will be “historic” and potentially the most significant in the company’s history. Many are calling it Tesla’s “most important moment” since the launch of the Model 3, to which Musk positively responded: “yes.”This event was originally scheduled for August 8 but was postponed, creating a lot of buzz and anticipation. When the delay was announced, Tesla's stock took a significant hit, underscoring the market

Recently, both Hong Kong and U.S. stocks with Chinese assets have seen significant adjustments, with noticeable outflows of funds from individual stocks. Analysts from several fund companies noted that this rally has been quite sharp, with rapid volume expansion. This could lead to even greater market volatility going forward. Historically, after sharp gains across the board, the market often enters a cooling-off period.Market Volatility After Sharp RallyDespite the sharp drop in Chinese-related ETFs, the recent inflows of funds reflect strong optimism in the overseas market. The cost of short-term options for China-related ETFs in the U.S. also hit new highs on Monday, signaling strong bullish sentiment among investors. Some big traders have rolled their profit positions to higher prices,

Hong Kong stocks opened lower and kept falling. The $HSI(HSI)$ dropped over 2,000 points at one point, and the $HSTECH(HSTECH)$ tumbled by more than 14%.Two Main Reasons:First, the Fed's rate cut expectations have weakened significantly. Recently, the US dollar index and US Treasury yields have soared across the board. Yesterday, the 10-year Treasury yield hit above 4%. Today, non-US currencies rebounded across the board, especially the yen's rebound, leading to a sharp sell-off in Asia-Pacific markets.Second, Chinese assets have surged recently. Whether it's Hong Kong stocks, FTSE A50 futures, or ETFs of Chinese assets listed overseas, they've all seen high returns. Yesterday, A50 open interest hit an a

Last week, China announced an unexpectedly large stimulus package, driving Hong Kong stocks to their biggest weekly gain in nearly 13 years. This puts them in a strong position to become one of the best-performing markets globally in 2024. Meanwhile, the Shanghai Composite Index skyrocketed from 2,700 to the long-elusive 3,000-point mark.HSI 11-day rallyWhat’s really interesting is that market participants, especially foreign institutions, are aggressively chasing gains through call options. This has pushed the volatility hedging costs for Hong Kong stocks next month to a two-year high, showing that investors have increasing confidence in the mid-term. Unfortunately, this also means that those betting against Chinese stocks and seeking “neutral hedging” strategies have taken a serious hit,

On September 26, right before the U.S. market's midday session, $SUPER MICRO COMPUTER INC(SMCI)$ 's stock took a nosedive after Hindenburg Research released a short report. The U.S. Department of Justice is investigating the server manufacturer.This news caused SMCI to plummet after initially rising 5.7%. The volatility led to several trading halts. $Philadelphia Semiconductor Index(SOX)$ also saw its gains shrink from 4.4% to under 1%.When trading resumed, Supermicro’s stock had dropped as much as 18.6%, marking its biggest decline in nearly a month and nearing an eight-month low set on September 6. Other popular chip stocks also fell; $NVIDIA Corp(NVDA)$ , which

$Micron Technology(MU)$ has accelerated its growth momentum in the past fiscal quarter, and its latest quarterly results blew past Wall Street expectations, highlighting the robust demand for high-bandwidth memory (HBM) amidst the AI boom.On Wednesday, Micron unveiled its financial figures for fiscal Q4 2024, along with guidance for fiscal Q1 2025. This report was undoubtedly a shot in the arm for equity investors. Post-earnings, Micron's shares, which closed up nearly 1.9% on Thursday, soared over 14% in after-hours trading. The report revealed that both revenue and earnings accelerated from the previous quarter, surpassing Wall Street's optimistic projections. Analysts had forecast a 91% revenue growth for Micron in Q4, but the company surpassed t

$Micron Technology(MU)$ is set to release its Q4 earnings for FY2024 on September 25 after the market closes, and investors are eagerly anticipating the results. Despite recent earnings exceeding expectations, the stock has been in a pullback.1.Market Expectations Analysts expect earnings per share (EPS) of $1.11, total revenue of $7.65 billion, and a net income of $975.41 million. Beyond these key figures, investors are concerned about high inventory levels and weak demand for older memory components. The market anticipates that inventory levels will gradually decline by year-end, helping to boost revenue and gross margins in the coming quarters. We’ll need to wait for the company’s guidance to see if Micron predicts a demand rebound in Q4 of this

With the Fed's eagerly anticipated rate cut finally landing, but surprising the market with a bold 50bp reduction, driving the fed funds rate down to 4.75%-5%, China swiftly followed suit. Boosted by favorable measures like RRR cuts, interest rate reductions, and lower mortgage rates, Hong Kong stocks soared in early trading, with all three major indexes jumping roughly 2%. Tech stocks led the charge, with $JD.com(JD)$ up nearly 4%, $Weibo(WB)$ and $NetEase(NTES)$ over 2%, and $MEITUAN(MPNGF)$ , $Alibaba(BABA)$ , $Xiaomi Corp.(XIACY)$ all

Recently, $Qualcomm(QCOM)$ has been in talks with $Intel(INTC)$ regarding a potential acquisition. This news sent Intel's stock soaring over 9% at one point last Friday, while Qualcomm's shares fell more than 5%. According to Reuters, Qualcomm CEO Cristiano Amon is personally involved in the acquisition discussions, exploring various options. However, these negotiations are still in the early stages, and Qualcomm hasn’t made a formal offer yet.A Major Shift in the PC Chip LandscapeInsiders warn that talks have only taken place in the past few days, and the uncertainty surrounding the deal is high. Even if Intel is open to it, such a massive transaction would likely face antitrust scrutiny. Still, this mov