GMT EIGHT - OPPORTUNITIES IN CHINA

"Financial report curse" hard to break? NVIDIA Corporation (NVDA.US) stock price drops before earnings, options bulls face challenges.

On the eve of the financial report being released, Nvidia's stock price experienced a significant pullback, putting the bulls in a difficult game of playing against the trend.

Took and Tether negotiate with Salvadoran gas stations to accept stablecoin payments in USDT, marking the first entry of USDT into the bulk commodity retail payment scene.

With stablecoin entering the commodity market, the Tok Group turns to cooperate with Tether.

Under the sharp increase in AI investment, Meta (META.US) is busy with a "blood transfusion": 7,000 people transfer to AI, while simultaneously laying off 8,000 people.

The internal memo recently disclosed shows that Meta is reassigning 7,000 employees to positions related to artificial intelligence. It is expected to lay off about 8,000 employees globally starting this Wednesday (May 20th).

A-share market opening express | Three major stock indexes collectively open lower, brain-computer interface concept stocks active, with oil and gas, semiconductor and other sectors leading the decline.

On May 19, the three major stock indexes of A-shares collectively opened lower, with the Shanghai Composite Index falling by 0.21% and the ChiNext Index falling by 0.53%.

Alphabet (GOOGL.US) welcomes a stunning opportunity on Wall Street: The curtain will rise on Alphabet Inc. Class CI/O 2026, and the seven major battle lines will determine the valuation of "full-stack AI".

Google I/O Conference Preview: Alphabet's artificial intelligence showcase is a great opportunity to impress Wall Street.

The FTSE China A50 Index Futures opened down 0.13%.

Two departments: Focus on key violations, strengthen the supervision of the use of personal medical insurance accounts for employees of designated retail pharmacies.

On May 19, the Office of the National Medical Insurance Administration and the General Office of the Ministry of Finance issued a notice on further strengthening the supervision and management of the personal accounts of basic medical insurance for employees of designated retail pharmacies.

Two departments: focus on key violations, strengthen supervision on the use of personal medical insurance accounts by employees of designated retail pharmacies.

The National Medical Insurance Administration Office and the Office of the Ministry of Finance have issued a notice on further strengthening the supervision and management of the use of personal accounts for basic medical insurance for employees in designated retail pharmacies. The notice proposes to strengthen the supervision of medical insurance funds. By comprehensively using methods such as flight inspections, special inspections, and daily inspections, and combining video surveillance, medical insurance big data, and other technological means for screening and analysis, the focus is on key violations, and the supervision of the use of personal accounts for medical insurance by employees in designated retail pharmacies is strengthened. Key issues to be addressed include the payment of products outside of the whitelist, as well as fraudulent activities such as empty brushing, swapping, forging prescriptions, or using medical insurance funds in violation through false advertising, consumer inducement, and excessive consumption. Channels for reporting and complaints must be kept open, and the reporting reward mechanism must be implemented, fully leveraging the role of social supervision. For issues involving the responsibilities of other departments discovered during supervision, they should be promptly referred to the relevant competent authorities. It is necessary to combine the deployment of the rectification of outstanding issues in the management of medical insurance funds, guide designated retail pharmacies to conduct self-inspections and self-corrections, address any problems found comprehensively, carry out deeper reforms, and ensure the safe, efficient, and rational use of employees' medical insurance personal accounts.

AI power demand triggers wave of utility mergers! NextEra Energy (NEE.US) acquisition of Dominion Energy Inc (D.US) sends a strong signal: expand or be eliminated.

The $6.7 billion acquisition of competitor Dominion Energy by New Era Energy indicates that even the largest companies in the industry need to continue to expand to meet the growing demand for electricity driven by artificial intelligence (AI).

Morning Meeting Highlights of Securities Firms | Computing power remains the main trend

CITIC Construction Investment emphasized that computing power is still the main theme of prosperity; Huatai Securities stated that the domestic substitution space for semiconductor materials in China is vast, and leading companies are expected to benefit fully; GF Securities believes that the Federal Reserve may find it difficult to cut interest rates within this year.

Confronting the DoorDash Global Alliance: Uber Technologies, Inc. (UBER.US) increases its holdings in Delivery Hero to 19.5%, but explicitly states its "unintentional control"

Uber (UBER.US) continues to increase its stake in the German food delivery giant Delivery Hero, with its ownership stake rising from 7% in April to 19.5%, while also concurrently holding a 5.6% options position.

Unafraid of bond market turmoil! Leading asset management giants firmly support US bonds: 10-year yield rate about to peak.

Vanguard Navigation Group continues to bet on US Treasury bonds, believing that the 10-year Treasury bond yield has approached the upper limit of its expected range in the $31 trillion US Treasury bond market.

Zhongjin: The Federal Reserve may find it difficult to cut interest rates this year, and assets driven solely by liquidity may continue to be under pressure.

Regardless, in the face of inflation, the market needs a "less accommodative" Federal Reserve. This means that US dollar liquidity is more likely to marginally tighten, assets driven solely by liquidity may continue to be under pressure.

WWDC26 is scheduled for June 9! It is rumored that Apple Inc. (AAPL.US) is planning to launch iOS 27: AI writing, language quick commands, and wallpaper generation.

It is reported that Apple is preparing to launch AI writing assistance, application shortcuts, and wallpaper generation in iOS 27.

AI chip startup Tenstorrent has become a "hot commodity"! It is rumored that Intel Corporation and Qualcomm are interested in acquiring with a valuation potentially exceeding $5 billion.

Insiders have indicated that Tenstorrent has been recently in communication with investment banks to evaluate various strategic options, including selling the company.

Yalla Group Ltd. Sponsored ADR Class A (YALA.US) reported first quarter revenue exceeding expectations, with a 11% decrease in the number of paying users compared to the same period last year.

The largest online social networking and gaming company in the Middle East and North Africa region (MENA), Yalla Technology (YALA.US), today announced its unaudited financial performance for the first quarter ending March 31, 2026.

The U.S. Securities and Exchange Commission is developing a plan for tokenization of stock trading.

Insiders have reported that the Trump administration plans to introduce relevant regulatory framework that will allow for the trading of security tokenized digital tokens. The U.S. Securities and Exchange Commission is expected to launch an innovative exemption regulation this week specifically for stock tokenized tokens. This move highlights the Trump administration's intention to promote the integration of stock trading into cryptocurrency trading platforms, potentially opening up a whole new regulatory path for stock trading outside traditional exchanges.

New Stock News | Jinsheng New Energy Submits Listing Application to Hong Kong Stock Exchange, Becoming the World's Second Largest Lithium Battery Recycling and Regeneration Company

The prospectus shows that Jinsheng New Energy is a company specializing in lithium battery recycling and reuse, dedicated to exploring a circular and clean future world.

Hong Kong stock concept tracking | The first in China! Clinical trials of the 128-channel fully implanted brain-computer interface start, and the landing of the brain-computer interface industry is expected to accelerate (attached conceptual stocks)

Our country officially launches the first 128-channel fully implantable brain-computer interface system multi-center clinical trial.

Guotai Haitong: The widening supply gap throughout the year is expected to have stickiness due to high oil prices.

Guotai Junan released a research report stating that it is expected that Brent crude oil will maintain a strong oscillation.

HK Bull/Bear Outstanding Qty Ratio(70:30) | May 19th

As of May 19, the latest bull-bear ratio of the Hang Seng Index is 70:30.

Overnight US stocks | The S&P 500 and Nasdaq both fell for two consecutive days, with Micron Technology, Inc. (MU.US) dropping nearly 6%.

As of the close, the Dow rose 159.95 points, or 0.32%, to 49686.12 points; the Nasdaq fell 134.41 points, or 0.51%, to 26090.73 points; the S&P 500 fell 5.45 points, or 0.07%, to 7403.05 points.

Trump says military strikes against Iran should be delayed at the request of many Middle Eastern leaders.

President Trump stated on Monday that the United States has decided to postpone the planned military strikes against Iran that were scheduled for Tuesday.

OpenAI wins key lawsuit! Jury rejects Musk's accusation of "deviating from the public good mission", stating that "the lawsuit was filed too late"

On Monday, the federal court jury in Oakland, California ruled that Elon Musk's core accusation against OpenAI for "deviating from its mission of public good and moving towards monetization" was not valid due to being filed too late.

After seven consecutive gains in the US stock market, the risk of a pullback has increased. Citadel Securities warns that weakening US bonds are reducing the attractiveness of stocks, and the momentum of capital is gradually weakening.

At a time when the US stock market continues to hit new record highs, Citadel Securities is starting to warn about the short-term outlook for the market.

Long supply chain cycle triggers market concerns Seagate Technology Holdings PLC (STX.US) plunges 7% collectively weak in storage chip sector

Seagate Technology's stock price fell by about 7% on Monday, dragging down the overall performance of the storage and AI sectors.

US Stock Market Move | The new L9 Livis model is priced too high, causing Li Auto, Inc. Sponsored ADR Class A (LI.US) to plummet nearly 10% at the opening.

On Monday, Ideal Motors (LI.US) plummeted nearly 10% in early trading, marking a cumulative drop of 16% over the past three days. It is currently trading at $16.72 USD.

AI risks driving companies to increase investment in network protection! CrowdStrike (CRWD.US) and Zscaler (ZS.US) receive target price upgrades on Wall Street.

With the continuous market attention on artificial intelligence security risks, Wall Street believes that corporate network security spending may usher in a new growth cycle, and several cybersecurity companies have therefore received target price increases from institutions.

US Stock Market Move | The phase III trial of melanoma drug did not reach the primary endpoint, causing Regeneron Pharmaceuticals, Inc. (RENG.US) to drop more than 10% in early trading.

On Monday, Rebirth Pharmaceuticals (RENG.US) fell more than 10% in early trading, hitting a new low for the year at $623.67.

NVIDIA Corporation (NVDA.US) received a pre-performance increase in its target price to $285 from Morgan Stanley. Blackwell and Rubin are expected to contribute trillion-dollar revenues.

Before Nvidia's financial report was released, Morgan Stanley analyst Joseph Moore expressed his optimistic view on Nvidia's prospects once again.

US Stock Market Move | Storage sector collectively weakened, Seagate Technology Holdings PLC (STX.US) fell more than 6%.

On Monday, the storage sector collectively weakened, with Seagate Technology (STX.US) falling more than 6%, Sandisk (SNDK.US), Western Digital (WDC.US) falling more than 5%, and Micron Technology (MU.US) falling more than 2%.

US Stock Market Move | Berkshire Hathaway significantly increased its position in Alphabet Inc. Class C shares (GOOGL.US), causing the stock to rise over 2% in early trading and reaching a new all-time high.

On Monday, Google A (GOOGL.US) rose by over 2% in early trading, with a highest stock price touching $406.41, hitting a new all-time high.

US Stock Market Move | Bitcoin concept stocks collectively fell, Strategy (MSTR.US) fell more than 5%.

Bitcoin falls below the $77,000 mark, and bitcoin-related stocks are down across the board.

US Stock Market Move | Space concept stocks continue to be strong. KULR Technology (KULR.US) rose more than 12%.

On Monday, space concept stocks continued to show strength.

Spot gold rose 1% intraday, now trading at $4583.66 per ounce.

Spot silver broke through $78 an ounce, rising 2.78% intraday.

US Stock Market Move | Dominion Energy Inc (D.US) opened with a sharp increase of over 10%. New Era Energy is planning to acquire approximately $67 billion.

On Monday, Dominion Energy (D.US) opened more than 10% higher, hitting a new high for the year at $68.22. NextEra Energy (NEE.US) fell nearly 4%, closing at $89.59.

New Stock News | Jin Sheng New Energy Second Delisting Plan on Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on May 18th, Guangdong Jinsheng New Energy Co., Ltd. has submitted an application for listing on the Main Board of the Hong Kong Stock Exchange, with China International Capital Corporation and Zhongyin International as its joint sponsors.

China Securities Regulatory Commission: Four public funds apply for REITs index securities investment funds.

The website of the China Securities Regulatory Commission shows that four fund companies have applied for REITs total return index securities investment funds. The four fund companies are Huaxia Fund, ChinaAMC Fund, E Fund Management, and Southern Fund.

Dow Jones weaken, so what to fear? Ahbenheimer strongly believes that the bull market for the seven tech giants in the US stock market is not over.

Despite the continuous weakness of the Dow Jones Industrial Average, the investment bank Oppenheimer believes that the overall outlook for large-cap tech stocks remains constructively optimistic.

"Preferred shares" undergo major changes! Including Amazon.com, Inc. (AMZN.US), AppLovin (APP.US), and McDonald's Corporation (MCD.US), focusing on AI infrastructure and consumption.

On Monday, Jefferies made adjustments to its "Franchise Picks" list, adding names such as Amazon, AppLovin, and Credo Technology.

SpaceX launches "1-to-5" stock splitting plan to clear obstacles to the biggest IPO in history.

SpaceX has officially informed investors of a 1-to-5 stock split plan, which will lower the price of its upcoming initial public offering (IPO) single share price.

US Stocks Open: Three Major Indexes rise together

The Dow rose 0.00%, the S&P 500 rose 0.10%, and the Nasdaq rose 0.11%. Dow Inc. rose 9.74%, EchoStar Corporation rose 6.31%, Intel rose 5.11%, Micron rose 4.10%, and ServiceNow rose 3.57%. As for the "Seven Sisters": Nvidia rose 1.91%, Apple fell 0.02%, Google fell 0.37%, Amazon fell 0.57%, Tesla fell 0.71%, Microsoft fell 1.04%, and Meta Platforms fell 1.60%.

Crude oil surges before dropping back, risking to breach the 109 mark: US reportedly considering "temporary easing" of Iran sanctions, causing oil prices to reverse gains.

Iranian media reported that as part of the peace negotiations, the US proposed temporarily exempting Iran from the oil sanctions, after which the oil price erased the previous upward trend.

Trump's executive order ignited the psychedelic drug race: a company quickly raised $5 million in financing, and institutional funds began "phone bombing."

The executive order signed by U.S. President Trump to accelerate the development of psychedelic drugs is sparking expectations among related pharmaceutical companies to attract more capital.

New Stock News | Brightgene Bio-Medical Technology Co., Ltd. (688166.SH) Submits Application to Hong Kong Stock Exchange, BGM0504 has the greatest global potential in its class.

According to the disclosure on May 18th by the Hong Kong Stock Exchange, Borui Biopharmaceutical (Suzhou) Co., Ltd. has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Guotai Junan International as its exclusive sponsor.

AI chip frenzy squeezes supply of supercomputers: US national laboratories seek new alternatives, giving rise to start-ups.

In recent years, with the explosive growth of artificial intelligence (AI) technology, mainstream chip giants have shifted their R&D focus and production capacity towards profitable low-precision AI computing. However, this strategic shift is causing an unexpected chain reaction - US national laboratories, finding it difficult to procure chips that meet the high-precision scientific computing needs, are beginning to turn their attention to emerging chip startups.

Member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council He Lifeng met with Mr. Su Zifeng, Chairman and CEO of the American semiconductor company SuperMicro on the afternoon of the 18th at the Great Hall of People. He Lifeng pointed out that last week, the leaders of China and the United States held an important meeting in Beijing and reached a series of important consensus. Under the strategic leadership of the two leaders, the economic and trade teams of the two countries have achieved a generally balanced and positive result, which will inject more certainty and stability into the future economic and trade cooperation between China and the United States and the world economy. Welcome multinational companies, including SuperMicro, to seize the development opportunities in China and deepen mutually beneficial cooperation. Su Zifeng actively praised the results of the meeting between the two leaders and expressed his willingness to continue expanding business in China and increasing investment in China. (Xinhua News Agency)

Brent crude oil fell below $108 per barrel, dropping 1.17% within the day.

New stock news | Dajin Heavy Industry (002487.SZ) ranks fifth among China's wind tower suppliers after participating in a hearing at the Hong Kong Stock Exchange.

According to the disclosure by the Hong Kong Stock Exchange on May 18th, Daqin Heavy Industry Co., Ltd. (referred to as Daqin Heavy Industry, 002487.SZ) has conducted a listing hearing on the Main Board of the Hong Kong Stock Exchange, with Huatai International and CMB International as joint underwriters.

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Storage concept stocks in Hong Kong collectively fell back, with South doubled bullish position in Hailishi dropping more than 12%, South doubled bullish position in Samsung Electronics dropping more than 11%, Lanqi Technology dropping more than 7%, and Zhao Innovation dropping more than 5%.

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The power sector is on a short-term rise, with multiple stocks such as Fuling Power up limit.

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The Liaoning aircraft carrier fleet of the Navy is heading to the Western Pacific to conduct training activities.

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The Indonesian rupiah against the US dollar exchange rate fell to a record low of 17,690 in the early trading session.

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In the first 50 days of the science and technology innovation index, the decline reached 2.06%. Among the component stocks, Tianyue Advanced fell 6.71%, Baiwei Storage fell 6.35%, Lanqi Technology fell 4.59%, and Jinghe Integrated fell 5.04%.

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