The Federal Reserve's "key battle" is in May; if interest rates cannot be cut then, this year will be in jeopardy?After Jensen Huang's speech, NVIDIA and Wall Street held a meeting, and here are the highlightsSINOLINK SECURITIES: The Federal Reserve's room for interest rate cuts is limited, and the risk of recession may shift from "concern" to "reality."Hong Kong Stock Midday Review: Major Hong Kong Stock Indices Adjust, Most Popular Technology Stocks DeclineGoldman Sachs comments on Tencent's financial report: Exceeds expectations! The market will focus on AI applicationsAfter breaking $10,000, how much longer can copper prices rise?The Federal Reserve has rescued the marketMorgan Asset Management: The Federal Reserve remains on hold, and a series of positive policies outside the United States are benefiting international stocksAberdeen: It is expected that the Federal Reserve will cut interest rates twice this year, and the shift in the U.S. economy will provide investment opportunities for other regionsThe capex logic of Tencent and Alibaba AI is differentDaily Hong Kong Stock Market News Briefing (March 20, Thursday)External Headlines: The Federal Reserve maintains interest rates, smooth communication between the U.S. and Ukraine, Russia-Ukraine talks are on track, Google and Apple face EU antitrust actionsWall Street interprets the Federal Reserve's decision: dovish highlights and mini "Powell put options"Top 20 U.S. stock trading volumes on March 19: NVIDIA's Jensen Huang claims future chips will be in higher demandThe US-Europe trade war continues: Europe takes action against Google and AppleInstitutional Interpretation: The Federal Reserve waits for the storm of uncertainty, with the next rate cut possibly in the third quarter"Trump put options" and "Powell put options" triggered one after another?Breakfast | The Federal Reserve remains steady, Powell emphasizes that the economy is still strong, and U.S. stocks accelerate their reboundZhitong Hong Kong Stock Early Knowledge | The Federal Reserve maintains interest rates unchanged, Tencent plans to repurchase at least HKD 80 billion in shares this yearPowell: The hard data of the U.S. economy is very robust, and the "baseline" forecast still indicates that tariffs have a "temporary" impact on inflationMultiple funds significantly increased their positions, boosting the activity in the A-share and Hong Kong stock marketsReminder: Please pay close attention to the following (all times are in Beijing time)Better EV Stock: Rivian vs. TeslaU.S. Treasury prices soared on the day of the Federal Reserve's decision, with the two-year Treasury yield falling by about 7 basis points on WednesdayTencent Conference Call: Chinese tech companies prioritize efficiency, with capital expenditures lower than their Western counterparts, as evidenced by DeepSeekWhy Bitcoin, Ethereum, and Dogecoin Are Soaring TodayWhy Intel Stock Is Sinking TodayThe Federal Reserve continues to hold steady, slowing down the balance sheet reduction starting in April, with expectations of fewer rate cuts by officials this year, while lowering economic forecasts and raising inflation expectationsWhat changes are there in the full text compared to the Federal Reserve's March meeting statement?Powell talks about patience and tariffs raising inflation expectations, two-year U.S. Treasury yields fall below 4%Tencent (Minutes): Adjust AI investment dynamically according to demand, balance capital allocation"Carbon-based" VS "Silicon-based": The "life-and-death race" of human-machine in the secondary marketJensen Huang: The understanding of DeepSeek R1 is completely wrongTencent:Crazy for "AI"! Love it ot hate it?Autonomous Driving Battle: BYD's Price "Weapon" VS Tesla's "Dilemma"Tonight's Federal Reserve decision: On the surface, it remains steady, but behind the scenes, is it playing out a "strategic pivot"?