Breakfast | NVIDIA surged 5% alleviating supply chain concerns, while the cooling service industry boosted U.S. bonds and gold continued to reach new highs

Market Overview

Tech giants' earnings reports dragged the Nasdaq down in early trading, but it later turned positive. Google fell nearly 7% and AMD dropped over 6% after announcing their earnings. Google's strong capital expenditures were favorable, with NVIDIA rising over 5% and Broadcom up over 4%. Novo Nordisk rose over 4% after its earnings report.

After the U.S. stock market closed on Thursday, Arm, which had a good earnings report, briefly plummeted over 6%, while Qualcomm initially rose before falling over 4% in after-hours trading.

The China concept index fell over 2%. The offshore yuan briefly rose over 200 points, recovering to 7.27.

After the release of the U.S. services PMI data, the yield on the 10-year U.S. Treasury bond briefly dropped over 10 basis points to a one-month low; the U.S. dollar index fell to a new low in over a week; gold's gains expanded to over 1%, setting a new intraday historical high for five consecutive days.

Bitcoin fell over $2,000 during trading, dropping below the $97,000 mark. The U.S. EIA reported an unexpected increase in crude oil inventories, causing oil prices to drop over 2%, reaching a yearly low.

Arm briefly dropped over 7% after hours, decent performance but guidance range turned "conservative"

Arm's revenue last quarter hit a record high, with AI demand driving a 23% surge in key business areas, but the guidance range was below expectations, leading to a sharp drop in stock price after hours.

Strong demand for "weight loss miracle drug," Novo Nordisk's Q4 net profit rose 29% year-on-year, stock price up 3.7%

Forecasts for this year's sales growth are between 16-24%, all significantly better than market expectations. Novo Nordisk's total sales in Q4 grew by 30%, with sales of the weight loss drug Wegovy increasing by 107% year-on-year. Novo Nordisk's stock price has fallen about 40% since its peak last June, as investors begin to question the scale of the weight loss drug market and whether professional pharmaceutical companies are overvalued.

Qualcomm released earnings report, stock price initially rose nearly 5% after hours, then dropped over 4%

Qualcomm's revenue last quarter exceeded expectations, growing by 18%, with potential for double-digit growth this quarter. In Q4, Qualcomm's mobile business revenue grew by 13% year-on-year, indicating strong demand for high-end smartphones, while automotive business revenue increased by 60% and IoT revenue from headsets grew by 36%; the guidance for Q1 suggests a maximum growth of 13%. Qualcomm stated that demand for high-end smartphones in China is strong, but it expects overall smartphone market growth to be low single digits in 2025.

Supermicro's data center system powered by NVIDIA Blackwell ready for shipment, easing supply chain concerns

Supermicro announced in a statement on Wednesday that its new products have reached "full production availability." This product essentially provides the core infrastructure needed for AI data center developers to run Blackwell chips at scale, alleviating market concerns about NVIDIA's supply chain constraints. Following this news, NVIDIA's stock briefly rose by 5%. Supermicro's stock surged over 13% during trading.

Google releases Gemini 2.0, opening its strongest AI model ever to everyone and ramping up its agency efforts

As the AI race between tech giants and startups heats up, Google is accelerating its layout for "AI agents." On Wednesday, Google fully opened its strongest AI model suite, Gemini 2.0, which includes three models: 2.0 Flash, Pro Experimental, and Flash-Lite. The continuous release of new products is part of Google's broader strategy to invest heavily in "AI agents."

OpenAI Unleashes a Major Move: Free Access to ChatGPT Search, No Registration Required

At 3 AM on February 6, OpenAI announced that it has opened the ChatGPT search function to all users without the need for registration. Compared to traditional search engines like Google, which rely on conventional indexing methods, ChatGPT search can quickly capture online information and achieve minute-level parsing, which is extremely beneficial for industries such as stocks, sports, and finance that require rapid access to news content. Additionally, leveraging the capabilities of large models, it can better interpret users' search intentions and provide the source addresses of search results. In response, some netizens have stated that the era of Google is over; Google search is expected to decline significantly.

Report: Apple M5 Chip Officially Enters Mass Production, First Devices with M5 Expected to Launch by Year-End

Reports indicate that Apple's M5 chip has entered mass production, with devices equipped with the M5 chip expected to be released by the end of 2025. TSMC is using the latest N3P third-generation 3-nanometer process to produce the M5 chip, which offers approximately a 5% performance improvement and a 5%-10% reduction in power consumption compared to previous processes. Furthermore, the M5 chip utilizes TSMC's latest SoIC-MH packaging technology, enhancing the chip's integration density and performance.

Pinduoduo Falls 3.4%, USPS: Starting February 5, Will Continue to Accept Incoming Packages from Mainland China and Hong Kong

According to a notice from the United States Postal Service (USPS), starting February 5 local time, USPS will continue to accept incoming packages from postal services in Mainland China and Hong Kong. Previously, USPS announced on February 4 that it would suspend the acceptance of incoming packages from postal services in Mainland China and Hong Kong until further notice. The statement indicated that mail from Mainland China and Hong Kong would not be affected.

People's Daily: Regulating Multinational Corporations' Monopoly Behaviors by Law is Beneficial for Maintaining Fair Competition in International Markets and Promoting Industrial Innovation and Development

The People's Daily published an article stating that Google's Android operating system has long been criticized in the industry as "faux open-source, true monopoly." Google has leveraged its market dominance in the Android mobile operating system to impose numerous restrictions and constraints on Chinese smartphone manufacturers, particularly by signing a series of agreements with hardware and software manufacturers, overseas telecom operators, etc., to set anti-fragmentation obligations, strictly limit the development of Android branch operating systems, and require the pre-installation of the entire suite of Google applications, among other things.

Additionally, Bloomberg reported yesterday that there may be an investigation into Apple's App Store.

"Little Non-Farm" Unexpectedly Booms! U.S. January ADP Adds 183,000 Jobs, December Data Significantly Revised Upward

In January, the U.S. ADP employment numbers increased by 183,000, marking the highest record since October of last year, with the goods-producing sector experiencing the most severe unemployment situation in two years, while employment in the service sector surged. Note that following the ADP report, the official non-farm employment report released by the U.S. Bureau of Labor Statistics will be published this Friday