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

【U.S. Stock Indices】

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

【U.S. Bonds】

On January 23rd, the benchmark 10-year U.S. Treasury yield was 4.24%, and the 2-year U.S. Treasury yield, 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%, 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%, FTSE China A50 Index fell 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 Says 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 on Banking Regulators to Loosen Controls to Boost Competitiveness

According to media reports, the core political party group in the EU 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. This applies to agencies overseeing banking, securities markets, and insurance industries. 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 on Intel’s potential partner 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’s Overnight Reverse Repurchase Agreement (RRP) Usage Reached $927 Million on Friday

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

Meta Reportedly 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, plus up to 24 months interest-free installment plans. This year, products including 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)

Yuan Renxun Visits China Again, First Stop at Nvidia Shanghai Office

Nvidia founder Jensen Huang recently visited China again, first stopping at Nvidia’s new office in Shanghai, meeting with employees and answering their questions. It is reported that Huang’s trip aligns with early 2025, mainly to attend New Year parties in Shanghai, Beijing, and Shenzhen, as well as supplier appreciation events. 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. As of press time, Nvidia has not responded to media inquiries regarding Huang’s visit. (Sina Tech)

Driver-supervised Tesla FSD System Expected to Be Approved in China Next Month? Insider: The Rumor 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, likely close to the approval time in Europe. 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

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 Google’s team is still “very cautious” about this idea. He emphasized that currently, Google’s AI assistant Gemini has no plans to include ads. (The Paper)