Global News | US stocks fluctuate, NVIDIA board member resignation draws attention

【U.S. Stock Indices】

On January 23rd, Friday, Eastern Time, the three major U.S. stock indices closed mixed, with the S&P 500 up 0.03% at 6915.61; the Dow Jones Industrial Average down 0.58% at 49098.71; and the Nasdaq Composite up 0.28% at 23501.24.

【U.S. Treasury Bonds】

On January 23rd, the benchmark 10-year U.S. Treasury yield was 4.24%, and the yield on the 2-year Treasury, most sensitive to Federal Reserve policy rates, was 3.60%.

【Popular U.S. Stocks】

Among popular stocks, Nvidia rose 1.54%, Google Class C fell 0.73%, Google Class A fell 0.79%, Apple fell 0.13%, Microsoft rose 3.28%, Amazon rose 2.06%, TSMC rose 2.29%, Meta rose 1.72%, Tesla fell 0.07%, Super Micro Semiconductor rose 2.35%, and Intel fell 17.00%.

【Global Indices】

【China Indices】

On January 23rd, overnight Hang Seng Tech Index futures rose 0.31%, Nasdaq China Golden Dragon Index fell 0.26%, and FTSE China A50 Index declined 1.16%.

【Chinese Concept Stocks】

In popular Chinese concept stocks, Tencent Holdings (HK) fell 0.42%, Alibaba fell 2.24%, Pinduoduo rose 0.34%, NetEase fell 0.45%, Baidu fell 0.67%, Ctrip rose 1.26%, Xpeng Motors fell 3.44%, Li Auto rose 0.12%, NIO fell 2.62%.

【Forex and Commodities】

【Global News】

Nvidia Announces Persis Drell Resigned from Board

Nvidia announced that Persis Drell has resigned from the board. (Cailian Press)

Wall Street Continues to Expand Advantage, EU Calls for Loosening Bank Regulations to Boost Competitiveness

According to media reports, the core political party group of the European Union has called for EU banking and market regulators to consider the EU’s declining industrial competitiveness while fulfilling their financial supervision duties. As this call was made, the EU is undertaking a comprehensive revision of its financial regulatory framework. A document shows that the European Parliament’s largest party group, the European People’s Party (EPP), stated that “to help the EU achieve broader economic growth goals,” the scope of regulators’ responsibilities should be expanded to explicitly include competitiveness considerations. These requirements apply to all agencies responsible for supervising the EU banking, securities, and insurance sectors. The Christian Democratic Union (CDU) led by Chancellor Merz also joined the call to ease regulatory burdens. Merz previously stated in a meeting with banking industry representatives that current EU financial regulations are “too strict.” (First Financial)

UBS: Intel’s 14nm Advanced Process Implementation May Foster Cooperation with Leading Tech Companies

UBS analysts in a research report noted that Intel (INTC.O) is expected to officially launch its 14A process design kit by the end of this year, potentially reaching cooperation agreements with one or multiple large tech firms. The analysts said Nvidia, Apple, Amazon, and a high-end consumer electronics manufacturer are all on Intel’s potential customer list. They also mentioned, “Such collaborations are likely to be positive catalysts for Intel’s stock price, but we remain cautious about the profitability outlook of this business.” Meanwhile, UBS raised Intel’s target stock price from $49 to $52 per share. (First Financial)

Federal Reserve Overnight Reverse Repurchase Agreement (RRP) Usage Reached $927 Million on Friday

The Federal Reserve’s overnight reverse repurchase agreement (RRP) was used at a scale of $927 million on Friday (with 5 counterparties), compared to $2.058 billion on the previous trading day.

Meta Allegedly Suspends Teen Access to AI Role Features, Developing Custom Versions

Meta reportedly suspended teen access to AI role features and is working on developing dedicated customized versions. (Cailian Press)

Apple’s New Year Limited-Time Promotion Launched; Apple China Official Website Under Maintenance

Apple China’s official Apple Store page is currently under maintenance, likely preparing for the Chinese New Year limited-time promotion, which will run from January 24th to 27th. In recent years, Apple has launched New Year promotions during the Lunar New Year, offering discounts of up to 1,000 yuan on selected products with qualifying payment methods, and up to 24 months of interest-free installment plans. This year, products including the iPhone 16 series, Mac, iPad, Apple Watch Series 11, and AirPods 4 are available at discounted prices, with a limit of 2 units per product category per customer. (Sina Tech)

Nvidia Founder Jensen Huang Visits China Again, First Stop at Shanghai Office

Nvidia founder Jensen Huang recently visited China again, first stopping at Nvidia’s new Shanghai office to meet employees and answer their questions. It is reported that Huang’s trip aligns with early 2025, mainly to attend New Year parties at Shanghai, Beijing, and Shenzhen branches and a supplier appreciation event. In early 2025, Huang attended the company’s annual meeting in China and distributed red envelopes to employees, attracting widespread attention. He then entered China twice more to seek solutions for selling the H20 products tailored for the Chinese market. Nvidia has not responded to media inquiries about Huang’s visit as of press time. (Sina Tech)

Driver-supervised Tesla FSD System May Be Approved in China Next Month? Insider: The News Is False

Foreign media reported that on January 22nd, Tesla CEO Elon Musk revealed at the World Economic Forum in Davos, Switzerland, that the driver-supervised FSD (Full Self-Driving) system might be approved in China as early as next month, possibly close to the European approval timeline. Reliable sources told reporters that this news is false. (China Daily)

Bank of Japan Governor Ueda Kazuo: May Conduct Operations to Encourage Stable Yield Formation

Bank of Japan Governor Ueda Kazuo stated that the BOJ may conduct operations to encourage the formation of stable yields.

DeepMind CEO: Surprised by OpenAI’s Introduction of Ads; Gemini Has No Such Plans Currently

DeepMind CEO Demis Hassabis, Google’s AI research company, expressed surprise at OpenAI’s placement of ads in chatbots. On January 22nd, Hassabis said in an interview that he was “a bit surprised” by OpenAI’s move to introduce ads in ChatGPT, and that Google’s team is still “very cautiously” considering this idea. He emphasized that currently, Google’s AI assistant Gemini has no plans to include ads. (The Paper)