Amazon founder Jeff Bezos plans to sell up to 25 million shares of Amazon stock next year, worth approximately $4.8 billion. Bezos stepped down as CEO in 2021 but remains the largest shareholder. This sale is based on a trading plan established on March 4. Although Amazon's first-quarter earnings exceeded expectations, the current quarter's revenue forecast is below Wall Street expectations. Bezos is using the stock sales to fund his space exploration company Blue Origin and other charitable funds

Bezos discloses plans to sell $4.8 billion worth of Amazon stock

The Nasdaq Golden Dragon China Index preliminarily rose by 3.7%. Popular Chinese concept stocks performed strongly, with Pony AI up about 20%, YINN up 10%, Xiaomi ADR up 7.8%, and XPeng up 5.9%. JD.com, Pinduoduo, Alibaba, and Tencent ADR saw increases of up to 4.9%, Bilibili rose by 3.2%, and Baidu, Li Auto, and NetEase had increases of up to 2.5%

On Friday (May 2), at the New York close, the ICE Dollar Index fell by 0.27%, reporting 99.973 points. After the release of the U.S. non-farm payroll report, the dollar index refreshed its daily low to 99.397 points. This week, it has accumulated an increase of 0.50%, with an overall trading range of 98.901-100.375 points

Tesla's stock surged nearly 5% on Friday, driven by investor optimism ahead of its upcoming display of fully autonomous driving technology. Despite competition from Waymo, which is currently operating a robotaxi service, Tesla's plans to launch driverless vehicles in Austin next month have investors excited. The stock has gained almost 10% over the past month, but if the technology launch does not meet expectations, shares could drop significantly.

Why Tesla Stock Surged Higher Friday

Investors are closely watching autonomous vehicle companies Pony AI and Tesla, as Wall Street analysts express mixed opinions. Tesla faces challenges, including a decline in deliveries and CEO Elon Musk's controversial involvement in politics, leading to a divided analyst outlook. In contrast, Pony AI has gained traction with a recent stock surge and a partnership with Tencent, enhancing its commercialization prospects. Analysts have issued buy ratings for Pony AI, suggesting potential for significant stock growth, while Tesla's future remains uncertain amid high valuations and regulatory concerns.

Pony AI vs. Tesla: Wall Street Is Torn on One of These Autonomous Vehicle Stocks, but Says to Buy the Other Because It Could Double

Apple Inc. has had its rating downgraded by two institutions, with Jefferies lowering its rating to "Underperform" and Rosenblatt Securities downgrading from "Buy" to "Neutral." Analysts pointed out that although the performance met expectations, the impact of tariffs will intensify, and corporate profit expectations are declining. The company needs to launch new products to stimulate growth while facing high valuations and an unstable tariff and regulatory environment

Apple faces downgrades from two institutions as latest financial report intensifies concerns over tariffs and corporate growth

On Friday (May 2), in the European market's late trading session, the yield on Germany's 10-year government bonds rose by 8.9 basis points to 2.533%. Following the release of the U.S. non-farm payroll report, the yield remained volatile and expanded its gains before 22:00. This week, the 10-year government bond yield has cumulatively increased by 6.4 basis points; the yields on the 2-year and 30-year government bonds rose by 7.6 basis points and 8.8 basis points, respectively, closing at 1.762% and 2.971%. The 2/10 year German bond yield spread increased by 1.381 basis points, reported at +76.854 basis points

German bond yields rose by about 8 basis points on the U.S. non-farm payrolls day

The Nasdaq Golden Dragon China Index rose sharply in the short term, with an overall intraday increase of 3.6%. Popular Chinese concept stocks such as Pony AI rose over 27%, YINN increased by 9.6%, Xiaomi ADR rose by 7.4%, and XPeng, JD.com, Pinduoduo, and Alibaba rose by up to 6.1%

Shares of Apple (AAPL) fell about 4% today following the company's earnings report, despite beating Wall Street estimates. Analysts are increasingly bearish due to tariff impacts, with CEO Tim Cook warning of $900 million in additional expenses this quarter. Several analysts downgraded their ratings on Apple, citing muted growth and the need for new products amid ongoing tariff uncertainties. While Apple may perform well long-term, current challenges and a premium valuation lead to a neutral outlook on the stock.

Why Shares of Apple Are Sinking Today

The financial reports released by Amazon and Apple show that tariffs and concerns about economic recession pose a threat to the profits of the tech giants. Amazon's profit expectations are below Wall Street's expectations, and CEO Andy Jassy stated that future performance is "essentially unpredictable." Apple warned that tariffs would increase its costs by $900 million. In contrast, the performance of Microsoft, Meta, and Alphabet was unaffected. Amazon's stock price fell by 1%, while Apple's dropped by 5%

Amazon and Apple's financial reports sound the alarm: A tariff storm is approaching tech giants

The Nasdaq Golden Dragon China Index maintained a performance increase of over 3%, with popular Chinese concept stocks Pony AI rising 31.5%, YINN up 8.2%, Xiaomi ADR up 7.5%, XPeng up 5.6%, Tencent ADR up 3.8%, and JD, Alibaba, Pinduoduo, and Bilibili rising by up to 3.7%

Apple Inc. approved Spotify's update in the App Store in the United States, allowing it to display subscription prices and external payment links. This decision stems from a U.S. court ruling requiring Apple to stop charging commissions on in-app purchases. Users can click the link to go to the Spotify official website to complete the payment, bypassing Apple's 30% "Apple tax." This move will promote price transparency and could lead to Apple losing billions of dollars in commission revenue each year. Spotify stated that this is a victory for consumers and creators, fostering a fair competitive environment

Apple approves Spotify app update, allowing U.S. users to access subscription prices and external payment links

Most of the seven giants in the U.S. stock market rose, with NVIDIA rising 3.4% at one point. However, Apple’s stock price fell 3.7% due to a downgrade in ratings following its performance. CEO Tim Cook stated that the proposed tariffs on foreign imports in the U.S. will increase the company's costs by $900 million in the current quarter. Among the other seven giants, Meta rose 3.3%, Microsoft rose 3.1%, Alphabet rose 1.5%, Tesla rose 0.4%, while Amazon declined. The Bloomberg Seven Giants Index has fallen 12% this year

Most of the seven giants of the U.S. stock market rose, while Apple fell due to a downgrade in ratings after its performance

Apple Inc. faces a downgrade in ratings, with growing market concerns about its growth potential and the impact of tariffs. Jefferies has downgraded its rating to "Underperform," with analysts pointing out that tariffs will bring downward pressure on profits. Apple's stock price fell 4.3%, with a cumulative decline of 19% year-to-date. Rosenblatt Securities also downgraded its rating from "Buy" to "Neutral," believing that new products are needed to stimulate growth. Overall, Apple's sales performance in China has been poor, with costs expected to increase by $900 million

Apple's rating downgraded, market value surpassed by Microsoft

NVIDIA plans to launch a "China-specific" AI chip to respond to U.S. export bans and continue supplying AI chips to the Chinese market. Despite facing new restrictions, NVIDIA remains committed to meeting the needs of Chinese customers, expecting to incur an additional cost of $5.5 billion, leading to a nearly 7% drop in stock prices. Companies such as ByteDance, Alibaba, and Tencent have ordered H20 AI chips worth over $16 billion, and the impact of new bans on future orders remains unclear

NVIDIA is unwilling to give up the Chinese market! It aims to launch a "China-specific" AI chip again

In March, the U.S. non-defense capital goods orders excluding aircraft had a final month-on-month change of 0.1%, in line with expectations of 0.1% and the initial value of 0.1%

In March, the final value of U.S. orders for durable goods excluding transportation was 0% month-on-month, expected at 0%, and the initial value was 0%

Apple faced a series of downgrades from Wall Street analysts on Friday due to concerns over tariffs and growth potential triggered by its earnings report. Jefferies analyst Edison Lee lowered the rating to "Underperform," pointing out that the impact of tariffs will increase the downside risk to profits. Rosenblatt analyst Barton Crockett also downgraded the rating to "Neutral," believing that Apple needs new products to stimulate growth. Nevertheless, some analysts still expressed appreciation for Apple's fundamentals

Concerns over tariffs and growth potential intensify as Apple faces consecutive downgrades from Wall Street analysts

On the first trading day of May, the Hang Seng Index rose by 1.74%, and the Hang Seng TECH Index increased by 3.08%. Despite the good performance of the U.S. stock market, there was a significant outflow of funds, with $8.9 billion leaving the U.S. stock market. Trump acknowledged that tariff policies could lead to rising commodity prices and was warned by the U.S. Chamber of Commerce, calling for the implementation of a tariff exemption mechanism. The Chinese side expressed concern over the U.S. tariff negotiations, the FTSE China A50 Index futures rose, and the offshore RMB significantly appreciated against the U.S. dollar

Zhitong Hong Kong Stock Analysis | May's Strong Start Continues to Focus on Technology, Outstanding Performance of Key Stocks

The U.S. non-farm payroll data for April significantly exceeded expectations, with the unemployment rate remaining stable, leading to a rise in the three major U.S. stock indices at the opening. The Nasdaq rose by 0.89%, the S&P 500 increased by 0.98%, and the Dow Jones gained 1.03%. Nvidia rose over 2%, while Apple fell more than 3%, despite its performance barely exceeding expectations and announcing a $100 billion buyback, as tariffs will increase costs by $900 million. Amazon rose by 0.88%, with Q1 profit margins hitting a record high, but the profit guidance was poor and warned of tariff impacts. Popular Chinese concept stocks generally rose, with Alibaba up over 4% and Pinduoduo up over 3%

U.S. April non-farm payrolls significantly exceeded expectations, and the three major U.S. stock indices opened higher, with popular Chinese concept stocks rising broadly

Tariff Sledgehammer Pummels Travel & Hospitality – Is Airbnb Doomed Without Growth or Profit?

Timiraos pointed out that Federal Reserve officials generally indicated that a clear sign of rising unemployment would be needed for interest rate cuts. Since the April employment report showed little evidence of a widespread decline in job positions, Federal Reserve officials are likely to adopt a wait-and-see approach at next week's policy meeting, including making almost no comments suggesting readiness to cut rates at the mid-June meeting

"New Federal Reserve News Agency": Non-farm data reduces the possibility of a rate cut in June

April non-farm payroll data exceeded expectations, and the unemployment rate remained stable, while Trump called for interest rate cuts. The United States refused to grant Japan exemptions from tariffs on automobiles and steel. In terms of individual stocks, NVIDIA restarted the development of customized chips, Apple’s revenue in the second fiscal quarter exceeded expectations but service revenue was poor, Amazon's first-quarter performance exceeded expectations but the second-quarter guidance was below expectations, Chevron's first-quarter EPS fell by 36%, Airbnb forecasted second-quarter revenue below expectations, and Shell's first-quarter profit exceeded expectations

Daily US Stock Market News Briefing (May 2, Friday)

In April, the U.S. non-farm payrolls increased by 177,000, exceeding expectations. Under the stimulus of favorable tariffs, Chinese concept stocks rose collectively, and the offshore yuan surged. The Eurozone's preliminary harmonized CPI for April year-on-year was 2.2%, with core year-on-year soaring to 2.7%. Apple stated that U.S. devices will mainly come from India and Vietnam, and tariffs may lead to a $900 million increase in costs in Q3. Amazon plans to become stronger in the tariff war and expand its Q2 guidance. Shell's first-quarter profits exceeded expectations, rising over 3% in pre-market trading. The Nikkei 225 index rose by 1.04%, and the Hang Seng index rose by 1.74%

Global news you need to know before the U.S. stock market opens on Friday

After the release of the U.S. non-farm payroll data, the three major U.S. stock index futures surged in the short term, with Nasdaq futures rising 0.76%, S&P 500 index futures rising 0.85%, and Dow futures rising 0.85%. The yield on the U.S. 10-year Treasury bond rose to 4.271%, and the decline in the U.S. dollar index narrowed to 0.24%

The unemployment rate in the United States for April is 4.2%, expected 4.2%, previous value 4.2%. Risk warning and disclaimer: The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at one's own risk

In April, the U.S. non-farm payrolls increased by 177,000, expected 138,000, previous value 228,000

In April, the U.S. non-farm payrolls increased by 177,000, compared to an expectation of 138,000, with the growth data for the previous two months being revised down. The U.S. unemployment rate in April was 4.2%, unchanged from expectations and the previous value of 4.2%. In April, the average hourly wage in the U.S. increased by 3.8% year-on-year and 0.2% month-on-month, both lower than expected. Following the data release, U.S. President Trump again called on the Federal Reserve to lower interest rates. However, the "New Federal Reserve News Agency" commented that the non-farm data reduced the likelihood of a rate cut in June

In April, the U.S. non-farm payrolls increased by 177,000, significantly better than expected, the unemployment rate remained stable, and wage growth slowed

The "Buffett Indicator" is currently at 180%, close to the level after last year's severe sell-off, indicating that U.S. stock valuations are relatively cheap. This indicator is above the general level when the market hit bottom, supporting the view of a strong rebound in U.S. stocks. Buffett considers this indicator to be the best single measure of stock market valuation. Despite the recent rebound, the indicator remains at its lowest level since September of last year. Buffett will host the annual shareholder meeting in Nebraska, attracting global attention

The "Buffett Indicator" signals a bullish trend! Is the U.S. stock market, after experiencing severe turbulence, facing a historic bottom-fishing opportunity?

As Trump's tariff policy, federal budget cuts, and immigration policies are fully implemented, tonight's non-farm payroll report will be the first "hard data" since April 2. Bank of America’s Hartnett stated that as long as employment data remains resilient, optimistic expectations for lower tariffs, lower interest rates, and tax cuts may drive a market rebound and alleviate concerns about a U.S. economic recession

Forget about GDP, tonight's non-farm payroll is what matters

Alphabet's recent earnings call revealed strong commitment to its data center build-out, which is positive for Nvidia as its GPUs are essential for cloud computing and AI workloads. Despite fears of declining demand for Nvidia's products, Alphabet plans to spend $75 billion on capital expenditures by 2025, indicating sustained demand. Nvidia's stock is currently down 20% year-to-date, but analysts project a 54% growth in fiscal 2026, suggesting it may be undervalued. Investors are encouraged to consider Nvidia shares before its upcoming earnings report.

Alphabet Just Delivered Fantastic News for Nvidia Shareholders

Alphabet's recent Q1 earnings report revealed a $70 billion share repurchase authorization, signaling confidence despite concerns over ad revenue and tariffs. The stock is currently attractively priced, with a PE ratio lower than the S&P 500, making the buyback program potentially effective. However, ongoing legal challenges regarding its monopoly status may impact investor sentiment. Despite these challenges, the pessimism surrounding Alphabet's stock could present a strong buying opportunity for long-term investors willing to weather potential economic headwinds.

70 Billion Reasons to Buy Alphabet Stock Right Now

According to the Zhitong Finance APP, Alibaba-W announced that on April 30, 2025, the company spent USD 19.99 million to repurchase 1.3448 million shares, with a repurchase price of HKD 14.78-14.98 per share. On May 1, 2025, the company spent USD 9.9954 million to repurchase 663,800 shares, with a repurchase price of HKD 14.92-15.17 per share

On May 1st, Alibaba-W spent USD 9.9954 million to repurchase 663,800 shares

According to Bank of America’s weekly fund flow report, global investors sold off U.S. stocks and gold in the past week, instead making significant purchases of Japanese and European stocks. Approximately $8.9 billion flowed out of U.S. stocks, while the Japanese stock market recorded its largest weekly net inflow of about $4.4 billion since April last year, and European stocks attracted over $3 billion. Although there is still nearly $4 billion of foreign net inflow into U.S. stocks, the overall trend indicates that capital allocation is shifting to other regions

The latest trends in global capital reveal: Sell US stocks, dump gold, and shift towards Japanese and European stock markets

Tesla's stock is considered risky but potentially rewarding, primarily due to its robotaxi ambitions. While its current valuation as a car company seems overvalued, its future growth is tied to technology that could revolutionize earnings. Despite challenges in developing robotaxis, Tesla's leadership in the electric vehicle market and reduced competition from other automakers may enhance its prospects. Although speculative, Tesla is viewed as a less risky growth stock compared to others, making it a smart investment for a diversified portfolio.

Is Tesla Stock the Smartest Investment You Can Make Today?

Daiwa released a research report stating that it believes Xiaomi Corporation-W will continue to maintain a robust operational momentum across multiple business sectors in the first quarter. Therefore, it has raised its revenue and profit forecasts for the first quarter, expecting the group's revenue to reach HKD 109 billion and adjusted net profit to be approximately HKD 10 billion. The firm continues to express an optimistic outlook for the group's prospects, benefiting from a strong positioning in the smartphone market, accelerated growth in the Internet of Things, and execution capabilities in the electric vehicle business. The firm raised its earnings per share estimates for Xiaomi from 2025 to 2027 by 2.3% to 21.5% to reflect a more optimistic outlook on the group's smartphone and IoT revenue forecasts, and reiterated its "Buy" rating, raising the target price from HKD 60 to HKD 65

Daiwa: Raises Xiaomi Corporation-W target price to HKD 65, reiterates "Buy" rating

Yellen warned that Trump's tariff policy would have "extremely adverse" effects on the U.S. economy and could lead to a recession. She pointed out that about 40% of U.S. imports are used for domestic production, and the surge in imports has led to a contraction in GDP. Yellen specifically mentioned that these tariffs could severely impact the U.S. clean energy industry and affect the supply of critical minerals. She emphasized that investors should be cautious, as Trump's tariff policy could undermine the U.S.'s competitiveness in the clean energy sector

Yellen: 40% of U.S. imports are used for domestic production, and Trump's tariffs will have "extremely adverse" effects

With the Trump administration imposing taxes on small packages, some retailers have stopped shipping to the U.S. market, facing tariffs as high as 145%. The U.S. tariff exemption on low-value goods from China has ended, leading retailers to seek measures such as price increases. Analysis indicates that this may exacerbate the cost of living pressures on American consumers and could even lead to an economic recession. Goldman Sachs expects core PCE inflation to be revised up to 3.5% and may rise to 4%

Small packages trigger big inflation: 145% tariffs drive retailers away, the "inflation beast" is about to sweep the United States again

The Hong Kong Special Administrative Region Government's Census and Statistics Department released the GDP forecast for the first quarter of 2025, showing a year-on-year growth of 3.1%, which is an acceleration compared to 2.5% in the fourth quarter of 2024. Private consumption expenditure decreased by 1.2%, while government consumption expenditure increased by 1.2%. Gross fixed capital formation rose by 2.8%, merchandise exports grew by 8.7%, and imports increased by 7.4%. Service output and input grew by 6.6% and 6.2%, respectively. Seasonally adjusted, GDP increased by 2.0% quarter-on-quarter. The government stated that Hong Kong's economy is expanding steadily

Hong Kong's Q1 GDP grew by 3.1% year-on-year

Considering the significant uncertainty surrounding Trump's policies, Goldman Sachs warned that the probability of the U.S. economy entering a recession in the next 12 months is as high as 45%. Goldman Sachs predicts that in a recession scenario, gold prices could rise to $3,880 per ounce by the end of the year, while Brent crude oil may fall to $53 per barrel. If the U.S. fully enters a recession, the S&P 500 index could drop to 4,600 points, and traditional safe assets such as U.S. Treasuries and the U.S. dollar may continue to decline

Risk assets and commodities have "not fully priced in recession risks." Goldman Sachs: Hedge against recession, recommend going long on gold and short on oil!

Samantha Dart, head of Goldman Sachs' global commodities research department, stated that despite the recent significant pullback in gold prices, Goldman Sachs believes this is actually a good buying opportunity, forecasting that gold prices will reach $3,700 per ounce by the end of 2025. Goldman Sachs believes that the risk of a current economic recession remains high, providing potential upside for gold. Even if market sentiment eases, many assets have limited upside potential, while gold has greater upward potential due to factors such as central bank purchases and growth in ETF holdings

Goldman Sachs: Not afraid of a sharp short-term correction in gold, expecting at least $3,700 this year

The growth secret behind the earnings that exceeded expectations in the financial report

Track Hyper | Meta's Q1 report exceeds expectations: AI technology turns red into blue

Hong Kong's GDP quarter-on-quarter preliminary value for the first quarter is 2%, expected 1.2%, previous value 0.8%

Hong Kong's GDP in the first quarter grew by 3.1% year-on-year, compared to an expected 2.1% and a previous value of 2.4%

Elon Musk predicts that Tesla's upcoming robotaxi network could generate billions in revenue by mid-2024, potentially positioning Tesla as a major player in the ride-sharing market. However, skepticism remains among investors due to Musk's history of overpromising and the current struggles of Tesla's core automotive business, which has seen declining deliveries and revenue. While a successful robotaxi launch could boost Tesla's stock, challenges in execution may delay significant financial impact.

Elon Musk Says Robotaxis Will Bring in Billions Next Year. Is Tesla a Buy?

At the close of the Hong Kong stock market, the Hang Seng Index rose by 1.74%, and the Tech Index increased by 3.08%. Automotive stocks performed strongly, with XPeng rising by 6.66% and Leapmotor increasing by 7.01%. STANCHART rose by 0.71%, while HSBC Holdings fell by 1.03%

Nvidia's stock has declined 20% in 2025, losing nearly $1 trillion in market cap, underperforming major indexes. The company's data center revenue, crucial for AI development, reached $115.2 billion, accounting for 88% of total revenue. Concerns include potential cooling of AI growth and U.S.-China trade tensions affecting GPU sales. Despite these challenges, Nvidia's fundamentals remain strong, with a price-to-earnings ratio of 37, suggesting it may be a good long-term investment opportunity for those willing to hold.

Pay Close Attention to This Crucial Revenue Source for Artificial Intelligence (AI) Giant Nvidia

Berkshire Hathaway's shareholder meeting will be held from May 2 to 3, with approximately 40,000 shareholders gathering in Omaha, USA. CEO Warren Buffett will preside over the meeting, where investors can ask him questions. This meeting coincides with the company's 60th anniversary, set against a backdrop of high U.S. stock valuations, geopolitical risks, and a restructuring of global capital flows. The three major structural changes of concern to investors include the restructuring of the technology competition landscape, the impact of trade policies, and the reversal of the interest rate environment. Buffett will discuss the company's financial performance for the first quarter

The Buffett Shareholders' Meeting is approaching: Here are the three key points to watch

Tesla shares have seen a remarkable 1,800% return over the past decade, but are currently trading 39% below their peak. The company faces challenges with a 6% drop in automotive revenue in 2024 and a significant decline in operating margin from 16.8% to 2.1%. CEO Elon Musk aims to launch a robotaxi service, but investors should be cautious due to Tesla's history of overpromising. Predicting Tesla's future is difficult, and while the market remains optimistic, the high price-to-earnings ratio suggests little margin of safety for investors.

Where Will Tesla Be in 10 Years?

Daiwa Capital Markets released a research report stating that it expects Xiaomi Corporation-W to achieve strong revenue growth and significant gross margin expansion across all segments in the first quarter of this year, primarily supported by robust delivery growth and an improved product mix. With effective control of operating expenses, the quarterly adjusted net profit is expected to increase by 43% year-on-year to RMB 9.3 billion (the same below), setting a historical high. The firm maintains a "Buy" rating and raises the target price from HKD 63.9 to HKD 66. The firm anticipates that the company's revenue in the first quarter will increase by 44.1% year-on-year to RMB 108.8 billion, with gross margin expanding by 0.7 percentage points to 21.3%. The firm has raised its earnings forecasts for the company for 2025 to 2027 by 5.8%, 3.8%, and 3.5%, to RMB 36.4 billion, RMB 44.3 billion, and RMB 51.2 billion, respectively

Daiwa Capital Markets: Raises the target price for Xiaomi Corporation-W to HKD 66, with adjusted earnings expected to reach a new high in the first quarter