Tariff fluctuations; NVIDIA and AMD respond to Trump's call | Today's important news review

0415 ｜ Dolphin Research Key Focus:

🐬 Macro/Industry

1. The U.S. Department of Commerce has announced in two notices that it has begun investigations into the impact of imports of "semiconductors and semiconductor manufacturing equipment" as well as "drugs and drug components, including finished pharmaceuticals" on U.S. national security. These investigations started on April 1 and can last up to 270 days, but Trump and his team have made it clear that results may be released earlier. The scope of this investigation is very broad, but the repeated shifts in tariff policy indicate that uncertainty remains high, and the overall performance of the stock market today is stable.

🐬 Individual Stocks

1. $NVIDIA(NVDA.US)

In response to the impact of Trump's tariff policy, NVIDIA has begun to compromise. NVIDIA announced on its official website that the company is working with manufacturing partners to establish factories in the U.S., achieving the first complete production of NVIDIA's AI supercomputers in the domestic market, with plans to invest $500 billion in building AI infrastructure in the U.S. within five years.

2. $AMD(AMD.US)

Similarly, under the influence of Trump's tariff policy, AMD is also responding actively. Its CEO, Lisa Su, stated that the company is ready to start chip production at TSMC's factory in Arizona and will definitely produce more AI servers in the U.S.

3. Core Focus on Earnings Report Interpretation and Conference Call

Contemporary Amperex Technology Co., Limited:《 CATL: Tariff "robbers" strike hard, CATL faces a difficult ordeal 》、《 CATL (1Q25 Minutes): The impact of tariffs is relatively limited, actively negotiating solutions with customers》

🐬 Leading Sectors

Shanghai and Shenzhen Stocks: Tobacco, personal care products, water and soft drinks;

Hong Kong Stocks: Managed healthcare, packaging, diversified financial services;

U.S. Stocks: Kitchenware, commercial and residential mortgage financing, investment banking and brokerage.

🐬 Focus for Next Monday

1. China's GDP year-on-year, China's industrial added value above designated size year-on-year, China's total retail sales of consumer goods year-on-year;

2. U.S. retail sales month-on-month, U.S. industrial output month-on-month, U.S. business inventories month-on-month;

3. ASML announced its financial report, Dolphin Research will provide an interpretation and analysis.

The risk disclosure and statement of this article: Dolphin Research Disclaimer and General Disclosure