China-US leaders' phone call releases signals of easing, Kuaishou AI surges beyond expectations | Today's important news recap

0605 | Dolphin Research Key Focus:

🐬 Macro/Industry

1、On the evening of June 5, President Xi Jinping had a phone call with U.S. President Trump at the latter's request. The conversation between the Chinese and U.S. leaders sent signals of easing tensions, with both sides reiterating the importance of the economic and trade consultation mechanism. The U.S. expressed willingness to implement the agreement, while China emphasized non-discriminatory policies, which are expected to alleviate trade friction expectations in the short term.

2、The U.S. Bureau of Labor Statistics will release the May non-farm payroll data at 8:30 PM Beijing time tonight, which is worth paying attention to.

🐬 Stocks

1、$Tesla(TSLA.US)

Tesla plummeted 14% last night as Elon Musk publicly clashed with Trump over the tax reform bill. Trump threatened to cancel Tesla's government contracts, and the delay in FSD approval further fueled market concerns about Tesla's future development prospects and competitiveness, leading to the largest single-day drop this year. Additionally, Trump's aides are scheduled to speak with Musk on Friday.

2、$KUAISHOU-W(01024.HK)

Kuaishou recently rose over 6%, driven by its AI business, as its AI platform Keling celebrated its first anniversary. According to Kuaishou's official website, the annualized revenue run rate (ARR) exceeded $100 million within 10 months of launch, with monthly paid amounts surpassing 100 million RMB in April and May. Professional users (P-end) contributed 70% of the revenue. The better-than-expected commercialization progress of Keling AI has driven Kuaishou's short-term stock price increase.

3、Key Earnings Reports and Conference Calls to Watch

Didi: "Food Delivery War" Didn't Burn Didi, Quietly Making Big Money

Broadcom: Broadcom: ASIC Growth "Falters," Trillion-Dollar ASIC Story Faces a "Pit" or an "Opportunity"?, Broadcom (Minutes): AI Revenue to Maintain 60% Growth Rate by 2026

Lululemon: Lululemon Plunges Again? Profits Collapse Too Fast, Valuation Cuts Too Slow!, Lululemon (Minutes): Lowers Full-Year Profit Guidance

🐬 Top Gainers by Sector

Shanghai/Shenzhen: Precious metals and minerals, tobacco, residential construction companies;

Hong Kong: Silver, data processing and outsourcing services, diversified metals and mining;

U.S.: Silver, precious metals and minerals, paper products.

🐬 Next Monday's Focus

1、China's trade balance, China's trade balance in USD, China's CPI YoY;

2、U.S. wholesale sales MoM, U.S. New York Fed one-year inflation expectations.

Risk disclosure and disclaimer: Dolphin Research Disclaimer and General Disclosures