Daily US Stock Market News Briefing (March 11, Tuesday)

USHK News
2025.03.11 13:18

Important News

  1. After the "Black Monday" in the US stock market, Nasdaq has terminated its high-speed trading services. Individual Stock News

  2. Taiwan Semiconductor (TSM.N) reported a sales revenue of NT$ 260.01 billion in February, a year-on-year increase of 43.1%.

  3. Kohl's (KSS.N): The company's Q4 net sales were $5.175 billion, a year-on-year decline of 9.4%, with comparable sales down 6.7%.

  4. Meta (META.O) is testing its first internal chip for training artificial intelligence systems to reduce reliance on companies like Nvidia, and will collaborate with Taiwan Semiconductor (TSM.N) to produce the chip.

  5. The Indonesian Investment Minister stated that VinFast (VFS.O) plans to install up to 100,000 charging stations nationwide in Indonesia, with the factory set to start production next year, aiming for an annual capacity of 50,000 vehicles.

  6. Tesla (TSLA.O) saw a pre-market rebound of 4% after a drop of over 15% yesterday. Trump previously posted on his social platform that he would buy a new Tesla tomorrow to express his trust and support for Musk.

  7. XPeng (XPEV.N) Chairman He Xiaopeng stated on Monday that XPeng has been deeply involved in the humanoid robot industry for five years and may continue for another 20 years, potentially investing hundreds of billions of RMB.

  8. Oracle (ORCL.N) reported adjusted revenue of $14.13 billion for Q3 of fiscal year 2025, below analysts' expectations of $14.39 billion; cloud business revenue was $6.2 billion, also below analysts' expectations of $6.3 billion; several investment banks have lowered their target prices.

  9. Hesai Technology (HSAI.N): It achieved full-year revenue of 2.08 billion yuan in 2024, with Q4 revenue of 720 million yuan; net revenue for 2025 is expected to reach 3 to 3.5 billion yuan, with GAAP profit expected to be 200 to 350 million yuan, and Non-GAAP profit expected to soar to 350 million to 500 million yuan.

  10. Delta Air Lines (DAL.N) cut its first-quarter profit forecast by half on Monday, causing its stock price to drop 14% in after-hours trading. Delta's CEO stated that the environment has worsened due to uncertainty in the US economy

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