Trump warned of possible turmoil tonight? Google got backstabbed by Apple｜Today's important news recap

0508 | Dolphin Research Key Focus:

🐬 Macro/Industry

1、US President Trump announced plans to hold a press conference on Thursday (10 PM Beijing time) to discuss a "major trade agreement with a highly respected major country representative." No details have been provided about which country or the specifics of the agreement, but it is likely the UK. Gold dipped slightly on the news, while US stock futures rebounded sharply. Hong Kong and A-shares closed steadily higher today.

2、Foreign media reports suggest the Trump administration plans to roll back Biden-era restrictions on AI chips, originally set to take effect on May 15. The policy has not been finalized yet. The news drove up shares of AI chip companies, with NVIDIA and AMD (which also posted solid earnings) both rising.

🐬 Stocks

1、$GEELY AUTO(00175.HK) $ZEEKR Intelligent Tech(ZK.US)

Just one year after ZEEKR's IPO, Geely announced plans to privatize the brand at a 13.6% premium, making ZEEKR a wholly-owned subsidiary and delisting it from the NYSE. Dolphin Research published an analysis last night, highlighting two key reasons: 1) ZEEKR's valuation is too low compared to other EV startups; 2) Geely believes privatization will enable deeper internal resource integration and synergy. While beneficial long-term, the move may strain Geely's cash flow in the short term.

2、$Alphabet(GOOGL.US)

Google shares plunged over 7% last night due to news that "Apple is focusing on AI search." Apple plans to integrate AI search into Safari and may partner with OpenAI to offer smarter Q&A services. Apple's explicit announcement intensified market fears about Google's search dominance being disrupted. Dolphin Research's detailed analysis can be found in "Corporate Divorce: Is Apple Accelerating Google's AI Disruption Crisis?".

3、$AUNTEA JENNY(02589.HK)

Following Mixue and Guming, Auntea Jenny became the third tea chain to list in Hong Kong, surging over 68% on its debut. Mixue and Guming have also performed strongly this year, keeping the tea sector red-hot.

4、Key Earnings Reports & Calls

Applovin: "Applovin: Shorts Keep Attacking? Can't Beat Stellar Results", "Applovin (Minutes): Clients Are Lining Up to Join"

ARM: "ARM: Guidance Warning 'Pours Cold Water,' Is the Valuation Bubble Bursting?", "ARM (Minutes): Tariffs Have No Direct Impact"

Uber: "Undeterred by Headwinds, 'Overseas Didi' Uber Still Executes Flawlessly", "Uber (Minutes): Don’t Expect Ride-Hailing Growth to Slow in H2"

Unity: "Unity: Can the Reversal Bubble Keep Expanding?", "Unity (Minutes): Vector Drives Clients to Increase Ad Budgets"

SMIC and Shopify will report earnings tonight. Dolphin Research will track and publish analyses.

🐬 Top Gainers

Shanghai/Shenzhen: Food Distributors, Aerospace & Defense, Communication Equipment;

Hong Kong: Computer & Electronics Retailers, Food Retailers, Aerospace & Defense;

US: Marine Ports-Operators, Airports-Operators, Hardware Equipment & Distributors.

🐬 Tomorrow’s Watchlist

1、China Trade Balance, China Trade Balance (USD), China M2 Money Supply YoY.

Risk Disclosure & Disclaimer: Dolphin Research Disclaimer & General Disclosures