Today's Important News Review | Dolphin Investment Research

0925 Dolphin's Focus:

🐬 Macro/Industry

1. Following the announcement of significant positive news yesterday, the People's Bank of China continued to carry out a 300 billion yuan MLF operation today, with a term of 1 year and a winning bid rate of 2.00%, down by 0.3 percentage points from the previous month. After the operation, the balance of medium-term lending facilities was 6.878 trillion yuan. With the decline in MLF rates continuing to release liquidity, the A-share market continued to fluctuate higher on the news of interest rate cuts today, but began to fall back near midday.

🐬 Individual Stocks

1. NVIDIA

Jensen Huang completed the sale of 6 million shares of NVIDIA stock from June to September, part of a trading plan he set at the beginning of the year, bringing him total revenue of over $700 million. Driven by the concept of AI, NVIDIA's stock price surged to a historical peak at the end of June this year. However, recently, NVIDIA has faced challenges such as delivery issues with Blackwell chips, antitrust scrutiny from the U.S. government, and investors becoming more cautious about AI investments, causing the stock price to fluctuate and decline. Huang's selling off of shares was not a good sign, but now that the selling plan has ended, it has actually provided some support to market confidence. NVIDIA closed up 3.97% last night.

2. Meta

Meta Connect's 2024 Developer Conference will be held tonight (1:00 AM Beijing time on September 26), where the latest developments in Mixed Reality (MR), Artificial Intelligence (AI), and wearable devices will be shared. It is worth noting that Meta's first AR glasses are expected to be launched.

🐬 Leading Sectors

Shanghai and Shenzhen: Diversified financial services, diversified capital markets, asset management, and custodian banks;

Hong Kong: Security and alarm services, reinsurance, sports facilities, and other leisure facilities;

U.S. Stock Market: Copper, silver, aluminum.

🐬 Focus Tomorrow

1. U.S. Real GDP Annualized Quarter-over-Quarter Final Value, U.S. Core PCE Price Index Annualized Quarter-over-Quarter Final Value, U.S. Personal Consumption Expenditures Quarter-over-Quarter Final Value.

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