Global News | US stocks fluctuate, NVIDIA board member resignation draws attention

【U.S. Stock Indices】

On January 23 (Friday) Eastern Time, the three major U.S. stock indices moved mixed. The S&P 500 rose 0.03% to 6,915.61; the Dow Jones fell 0.58% to 49,098.71; the Nasdaq increased 0.28% to 23,501.24.

【U.S. Bonds】

On January 23, the benchmark 10-year U.S. Treasury yield was 4.24%, and the yield on the 2-year Treasury, most sensitive to Federal Reserve policy rates, was 3.60%.

【Popular U.S. Stocks】

Among popular stocks, Nvidia rose 1.54%, Google Class C fell 0.73%, Google Class A declined 0.79%, Apple dropped 0.13%, Microsoft increased 3.28%, Amazon rose 2.06%, TSMC gained 2.29%, Meta increased 1.72%, Tesla fell 0.07%, Power Semiconductor rose 2.35%, and Intel dropped 17.00%.

【Global Indices】

【China Indices】

On January 23, overnight Hang Seng Tech Index futures rose 0.31%, Nasdaq China Golden Dragon Index fell 0.26%, FTSE China A50 Index declined 1.16%.

【Chinese Concept Stocks】

In popular Chinese concept stocks, Tencent Holdings (HK) fell 0.42%, Alibaba dropped 2.24%, Pinduoduo rose 0.34%, NetEase declined 0.45%, Baidu fell 0.67%, Ctrip gained 1.26%, Xpeng Motors dropped 3.44%, Li Auto rose 0.12%, NIO fell 2.62%.

【Forex and Commodities】

【Global News】

Nvidia Announces Persis Drell Resigned from Board

Nvidia announced Persis Drell has resigned from the board. (Cailian Press)

Wall Street Continues to Expand Advantage, EU Calls for Loosening Bank Regulations to Boost Competitiveness

According to media reports, the core political party group in the EU has called for EU banking and market regulators to consider the declining industrial competitiveness of the EU while fulfilling their financial supervision duties. As the EU is undertaking a comprehensive revision of its financial regulatory framework, a document shows that the European People’s Party (EPP), the largest party group in the European Parliament and center-right, stated that “to help the EU achieve broader economic growth goals,” the scope of regulators’ responsibilities should be expanded to explicitly include competitiveness considerations. This applies to agencies overseeing banking, securities, and insurance sectors. The Christian Democratic Union led by Chancellor Mertens also joined the call to ease regulatory burdens. Mertens previously stated in a meeting with banking industry representatives that current EU financial regulations are “too strict.” (First Financial)

UBS: Intel’s 14nm Advanced Process Implementation May Foster Cooperation with Leading Tech Companies

UBS analysts in a research report said Intel (INTC.O) is expected to officially launch its 14A process design kit by the end of this year, potentially leading to cooperation with one or more major tech firms. The analysts noted that Nvidia, Apple, Amazon, and a high-end consumer electronics manufacturer are on Intel’s potential partner list. They also mentioned, “Such collaborations are likely to be positive catalysts for Intel’s stock price, but we remain cautious about the profitability outlook of this business.” Meanwhile, UBS raised Intel’s target price from $49 to $52 per share. (First Financial)

Federal Reserve Overnight Reverse Repurchase Agreement (RRP) Usage Reached $927 Million on Friday

The Federal Reserve’s overnight reverse repurchase agreement (RRP) was used at $927 million on Friday (with 5 counterparties), down from $2.058 billion on the previous trading day.

Meta Reportedly Pauses Teen Access to AI Role Features, Developing Custom Versions

Meta reportedly paused teen access to AI role features and is working on developing exclusive customized versions. (Cailian Press)

Apple’s New Year Limited-Time Promotion Launched; Apple China Website Under Maintenance

Apple China’s official Apple Store page is currently under maintenance, likely preparing for the Chinese New Year limited-time promotion, which will run from January 24 to 27. In recent years, Apple has launched New Year promotions during the Lunar New Year, offering discounts of up to 1,000 yuan on selected products with qualifying payment methods, plus up to 24 months interest-free installment plans. This year, products like the iPhone 16 series, Mac, iPad, Apple Watch Series 11, and AirPods 4 are included. Each customer can purchase up to 2 units per product category. (Sina Tech)

Nvidia Founder Jensen Huang Visits China Again, First Stop at Shanghai Office

Nvidia founder Jensen Huang recently visited China again, first stopping at Nvidia’s new Shanghai office, meeting with employees and answering their questions. It is reported that this trip aligns with Huang’s planned visits in early 2025, mainly to attend New Year events in Shanghai, Beijing, and Shenzhen, as well as supplier appreciation dinners. In early 2025, Huang will attend the company’s annual meeting in China and give red envelopes to employees, attracting widespread attention. He has made two more visits to China seeking solutions for the sales of H20 products tailored for the Chinese market. Nvidia has not responded to media inquiries about Huang’s current visit as of press time. (Sina Tech)

Driver-supervised Tesla FSD System May Be Approved in China Next Month? Insider: The Rumor Is False

Foreign media reported that on January 22, Tesla CEO Elon Musk revealed at the World Economic Forum in Davos, Switzerland, that the driver-supervised Full Self-Driving (FSD) system might be approved in China as early as next month, possibly close to the approval time in Europe. Reliable sources told reporters that this rumor is false. (China Daily)

Bank of Japan Governor Ueda Kazuo: May Conduct Operations to Encourage Stable Yield Formation

Bank of Japan Governor Ueda Kazuo stated that the BOJ may conduct operations to encourage the formation of stable yields.

DeepMind CEO: Surprised by OpenAI’s Introduction of Ads; Gemini Has No Such Plans

DeepMind CEO Demis Hassabis, Google’s AI research company, expressed surprise at OpenAI’s decision to include ads in its chatbot. On January 22, Hassabis said in an interview that he was “a bit surprised” by OpenAI’s move to introduce ads in ChatGPT, and Google’s team is still “very cautious” about this idea. He emphasized that currently, Google’s AI assistant Gemini has no plans to include ads.