Breakfast | Alibaba rises over 7.5%, NVIDIA gains for five consecutive days! Gold stocks and steel-aluminum stocks surge

Market Overview

On Monday, the U.S. stock market rose across the board, with strong performances from technology stocks, chip stocks, and AI concept stocks.

Among the "Tech Seven," only Tesla declined. NVIDIA rose 2.87%, Amazon increased 1.74%, Google A gained 0.61%, and Microsoft rose 0.6%. Meta rose 0.4%, Apple increased 0.12%, while Tesla fell 3.01%.

Stimulated by tariff news, steel and aluminum stocks saw significant price increases, with Cleveland Cliffs rising nearly 18%.

Gold reached a historic high, and gold and silver mining stocks generally closed higher. Hecla Mining rose 4.93%, Kinross Gold increased 4.71%, Newmont Mining rose 3.61%, Harmony Gold gained 2.92%, gold mining ETF rose 2.69%, Pan American Silver increased 2.53%, and Barrick Gold rose 2.35%.

Most AI concept stocks rose. Advanced Micro Devices closed up 17.56%, Bullfrog AI rose 17.48%, BigBear.ai increased 1.51%, and Serve Robotics rose 8.37%.

The China concept index rose over 2.6%, significantly outperforming the U.S. stock market, with Alibaba rising over 7.5%.

McDonald's rose 4.8%, marking its best single-day performance since 2020. The earnings report was mixed, with Q4 revenue and profit both declining, and U.S. same-store sales experiencing the largest drop in nearly five years.

Trump Signs Executive Order Imposing 25% Tariff on All Steel and Aluminum Imports to the U.S.

On February 10 local time, U.S. President Trump signed an executive order announcing a 25% tariff on all steel and aluminum imported to the United States. Trump also stated that there would be "no exceptions or exemptions" to the requirements.

Musk to Launch Driverless Taxi Service in June, Texas Becomes "Driverless Paradise"

Tesla plans to launch a driverless taxi service in Austin, Texas, this June, as Texas has more lenient laws requiring only registration and insurance, along with the installation of devices to record accident data. In contrast, California has strict controls over the operation of autonomous vehicles. At the end of 2021, Musk moved the company's headquarters from California to Austin, Texas, precisely because of the policy advantages in Texas.

Microsoft Under Investigation by French Antitrust Authorities Over Bing Search Data

Microsoft is under investigation by French antitrust authorities due to suspicions that the American tech giant may have intentionally lowered the quality of search results when providing Bing search technology to smaller search engines, potentially affecting their competitiveness. This investigation could lead to formal charges and hefty fines for Microsoft. Following the news, Microsoft's stock price gains narrowed. Earlier reports indicated that the EU was formulating a series of countermeasures in response to Trump's tariff threats, such as sanctions against American Silicon Valley tech giants.

DeepSeek Opens a New Era of AI, "Sovereign AI" Takes Center Stage

According to Deutsche Bank, DeepSeek is likely to become the "Sputnik moment" for many countries outside the U.S., showcasing the AI development potential in regions outside the U.S., which may increase pressure on countries to invest in sovereign AI.

TSMC's January Sales Growth Slows Due to Lunar New Year and Other Factors

In January, TSMC's sales amounted to NT$293.29 billion, a year-on-year increase of 35.9% and a quarter-on-quarter increase of 5.4%. The gross profit margin for the first quarter is expected to be between 57% and 59%, while the operating profit margin is expected to be between 46.5% and 48.5%.

Report: OpenAI to Complete Its First Custom Chip Design This Year

Analysts believe this progress indicates that OpenAI is likely to achieve its ambitious goal of mass production at TSMC by 2026. On one hand, it can enhance the company's bargaining power with other chip suppliers; on the other hand, if preliminary tests are successful, OpenAI may be able to test alternatives to NVIDIA chips later this year.

Musk-led Consortium Offers $97.4 Billion to Gain Control of OpenAI, Altman Rejects Immediately

Musk's lawyer stated that a takeover bid was submitted to the OpenAI board on Monday and expressed readiness to match or exceed any higher offers. According to the acquisition plan, if the deal is completed, Musk would merge OpenAI with his xAI, returning OpenAI to open source. However, Altman quickly rejected the offer on social media, to which Musk responded with "fraud." Analysts believe this unsolicited acquisition offer brings significant changes to Altman's plans to keep OpenAI from becoming a for-profit entity.

Hedge Fund Tycoon Vows to Buy "Everything" Chinese, Significantly Increases Holdings in Chinese Stocks and ETFs

Billionaire investor David Tepper's Appaloosa LP disclosed in its 13F filing that the hedge fund significantly increased its holdings in Chinese stocks and Chinese stock funds in the fourth quarter of last year. The specific stocks and quantities increased include: 3.17 million shares of JD.com, 1.84 million shares of Alibaba, 400,000 shares of Beike, 100,000 shares of Baidu, 55,000 shares of Pinduoduo, 810,000 shares of Kraneshares CSI China Internet ETF, and 800,000 shares of iShares China Large-Cap ETF. Alibaba remains the largest holding, accounting for nearly 16% of its net assets.

BYD Launches Advanced Driving System "Heavenly Eye," Standard Across All Models Priced Above 100,000, Fully Integrated with DeepSeek

On the evening of February 10, BYD held its first launch event of the Year of the Snake, officially unveiling the advanced driving system "Heavenly Eye." BYD announced that 21 models will be equipped with the "Heavenly Eye" driving system, making advanced driving a "standard feature" for all. The globally unique "three-eye" front-facing camera is fully integrated with DeepSeek.

In terms of pricing, the BYD Seagull driving version starts at 69,800 yuan, while the second-generation Qin PLUS DM-i driving version starts at 79,800 yuan. Wang Chuanfu stated that in 2025, car buyers will look for advanced driving features, and in the next 2-3 years, advanced driving will become an essential configuration.

Federal Reserve: U.S. One-Year Inflation Expectations Steady at 3% in January, Five-Year Inflation Expectations Rise from 2.7% to 3%

The latest monthly survey results released by the New York Fed show that due to the impending announcement of tariff measures by the Trump administration, U.S. one to three-year inflation expectations remained steady at 3% in January, while five-year inflation expectations rose from 2.7% to 3%, reaching the highest level since May of last year. Following last Friday's explosive inflation data from the Michigan consumer survey, the Fed's latest survey provided some comfort to the market