Lei Jun: Xiaomi's EV Unit on Track to Profit in H2 2024 | Today's important news recap
0603｜Dolphin Research Focus:
🐬 Macro/Industry
1、The Trump administration is urging countries to submit their best trade proposals by Wednesday to accelerate multilateral trade negotiations. The progress and outcome of these negotiations will significantly impact the U.S. stock market. Lowering tariff barriers could help ease market tensions, while a breakdown in talks could have a substantial negative effect.
🐬 Stocks
1、$Microsoft(MSFT.US)
Microsoft announced a new feature for its Bing search engine on its official website—Bing Video Creator. This AI-powered tool allows users to generate videos with just one click, driven by OpenAI's Sora. Users can input text to create videos, with an initial allowance of 10 quick generations. This move strengthens Bing's advantage in AI search, directly countering Google's Veo video model (which requires a Gemini Advanced subscription). The partial free strategy may accelerate the adoption of AIGC.
2、$XIAOMI-W(01810.HK)
Lei Jun revealed at an investor conference that the rumored price of 235,900 yuan for the newly launched Xiaomi YU7 is incorrect. The official price will be confirmed 1-2 days before the launch. Lei Jun mentioned that Xiaomi's automotive losses are gradually decreasing, and the automotive division is expected to turn profitable in Q3 or Q4 this year. Additionally, Xiaomi is developing its own automotive chips, which are expected to launch soon. Xiaomi's Hong Kong shares closed up 3.1% today.
3、Nio will release its earnings report tonight, and Dolphin Research will track and provide analysis.
🐬 Top Gainers
Shanghai/Shenzhen: Consumer finance, apparel retailers, personal care products;
Hong Kong: Diversified capital markets, commercial and residential mortgage financing, residential construction companies.
U.S.: Silver, gold, port operators.
🐬 Tomorrow's Focus
1、U.S. ISM Non-Manufacturing PMI.
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