To The Moon

Tech giants lead Wall Street rally; upbeat economic data boosts Chinese stocks.

🇺🇸 S&P 500: 0.63% 📈

🇺🇸 Nasdaq: 0.82% 📈

🇪🇺 Stoxx 600 Index: -0.17% 📉

🇯🇵Nikkei 225 Index: 2.67%📈

🇭🇰Hang Seng: 0.10%📈

🇨🇳CSI 300: 0.94%📈

• U.S. stocks rebounded on Monday, with the S&P 500 and Nasdaq Composite rising 0.6% and 0.8%, respectively, led by large-cap stocks in the communications services sector as investors weighed in on the potential for advances in artificial intelligence rather than interest rate concerns. 

 • Eurozone consumer price inflation was confirmed at 2.6% year-on-year in February 2024, the lowest in three months but still above the 2% target.

• Asia-Pacific markets were positive, with the Nikkei 225 soaring 2.7% on growing speculation that the Bank of Japan may soon exit its negative interest rate regime, while the Shanghai CSI 300 index rose on better-than-expected economic data while up 0.9%.

• From January to February 2024, China's industrial production increased by 7.0% year-on-year, exceeding the forecast of 5.3% and reaching the fastest growth rate in the past two years.

• China's total retail sales from January to February 2024 increased by 5.5% year-on-year, basically in line with market forecasts, and set a record of 13 consecutive months of growth.

💡 Things you need to know today: 💡

1. Bloomberg News reported on Monday that technology giant Apple (Apple) is "actively negotiating" to license Alphabet's Gemini AI engine for use in future iPhones to support certain new features. Alphabet's stock price rose 4.4% during the trading session %. This will beneficial to both companies stock prices for sure $Apple(AAPL)$  $Alphabet(GOOGL)$  .

Gemini

2. India will hold the largest general election in the world. The seven-stage election process will start on April 19 and last until June 1, 2024. The number of registered voters is approximately 970 million.

India 2024 Election

3. Nvidia kicked off its annual developers conference on Monday, with CEO Jensen Huang launching a flagship AI chip, the Blackwell B200, saying it is 30 times faster than previous chips and launching A new suite of software tools aims to help developers sell their artificial intelligence models more easily. Another amazing product from the AI company which may continue to push the AI stocks higher with high probability $NVIDIA Corp(NVDA)$  $Semiconductor Bull 3X Shares(SOXL)$  $Taiwan Semiconductor Manufacturing(TSM)$  .

Nvidia GTC

4. Amin Nasser, CEO of Saudi Aramco: “My advice is this: We should abandon the fantasy of phasing out oil and gas and switch to an adequate, realistic approach to them. investment in demand.”

5. The U.S. Department of Energy (DOE) will publish final rules that are expected to relax range ratings for electric vehicles to meet 2027 government fuel economy requirements.

✅ Key Points:

As the industry continues to evolve and attract more investment and competition, the AI-driven market rebound is strongly supported by fundamental growth among the major players in the industry.

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