Daily US Stock Market News Briefing (March 19, Wednesday)
Important News
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At 02:00 the next day, the Federal Reserve FOMC will announce the interest rate decision and economic outlook summary. Individual Stock News
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Oracle (ORCL.N) plans to invest $5 billion over the next five years to expand its cloud infrastructure in the UK.
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Apple (AAPL.O) is expected to continue using Taiwan Semiconductor's N3P process to manufacture the A20 chip, delaying the adoption of the 2nm process, but will use CoWoS packaging.
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Microsoft (MSFT.O) announced a deepened collaboration with NVIDIA (NVDA.O), including integration of Blackwell with Azure AI service infrastructure.
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The European Commission will face a series of deadlines to decide whether Apple (AAPL.O), Meta Platforms (META.O), and Google (GOOG.O) have violated the EU's digital competition laws.
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Taiwan Semiconductor (TSM.N) board member Liu Jingqing stated that the board has never discussed taking over Intel's (INTC.O) foundry.
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Tesla (TSLA.O) has been disqualified from participating in the Vancouver International Auto Show in Canada, with the show's executive director stating that the decision was based on safety considerations.
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Kingsoft Cloud (KC.O) reported fourth-quarter revenue of 2.23 billion yuan, with the market expecting 2.12 billion yuan.
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The seven major tech giants in the US have all suffered losses, with "Cathie Wood" reducing her holdings in Meta Platforms (META.O) stock for the first time in nearly a year.
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NVIDIA (NVDA.O) CEO Jensen Huang: The four major public cloud providers in the US have purchased 3.6 million Blackwell AI chips this year.
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According to the Financial Times: Rio Tinto (RIO.N) has refused to support the proxy advisor's review of its UK listing.
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ZTO Express (ZTO.N): Net profit for 2024 is expected to be 8.888 billion yuan, a year-on-year increase of 1.5%