Overnight US stocks | Three major indexes closed higher, US January PPI exceeded expectations. Apploving(APP.US) surged 24%.

On Wednesday, the three major US stock indexes closed higher. Tesla, Inc. (TSLA.US) led the way for tech stocks, with "AI super bull stock" Apploving (APP.US) surging over 24%. Chinese concept stocks had mixed results, with the Nasdaq Golden Dragon Index rising by 1.20%. Gold rose nearly 1%. The US dollar index fell by 0.83%. Crude oil prices fell for the second consecutive day. [US Stocks] At the close, the Dow rose by 342.87 points, or 0.77%, to 44711.43 points; the Nasdaq rose by 295.69 points, or 1.50%, to 19945.64 points; the S&P 500 rose by 63.10 points, or 1.04%, to 6115.07 points. Most tech stocks rose, with Intel Corporation (INTC.US) up over 7%, Tesla, Inc. (TSLA.US) up nearly 6%, NVIDIA Corporation (NVDA.US) up over 3%, and Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) down over 2%. Boosted by better-than-expected earnings, "AI super bull stock" Apploving surged over 24%, while Robinhood (HOOD.US) rose by over 14%. Chinese concept stocks had mixed results, with the Nasdaq Golden Dragon Index rising by 1.20%, Zhihu, Inc. Sponsored ADR (ZH.US) up by nearly 11%, and Baidu Inc Sponsored ADR Class A (BIDU.US) up by over 3%. [European Stocks] The German DAX30 index rose by 463.99 points, or 2.09%, to 22612.02 points; the UK FTSE 100 index fell by 42.72 points, or 0.49%, to 8764.72 points; the French CAC40 index rose by 121.92 points, or 1.52%, to 8164.11 points; the European Stoxx 50 index rose by 92.70 points, or 1.71%, to 5498.35 points; the Spanish IBEX35 index rose by 24.80 points, or 0.19%, to 12936.30 points; the Italian FTSE MIB index rose by 376.86 points, or 1.00%, to 37908.05 points. [Asia-Pacific Stock Market] The Nikkei 225 index rose by 1.26%, the KOSPI index rose by 1.36%, and the Indonesia Composite Index fell by 0.48%. [Cryptocurrency] Bitcoin fell by 1.44%, to $96481 per coin. Ethereum fell by 2.4%, to $2670.8 per coin. [Gold] Spot gold rose by 0.83%, to $2928.48 per ounce; COMEX gold futures rose by nearly 1%, to $2957.20 per ounce. [Crude Oil] WTI crude oil futures for March closed down by $0.08, or 0.11%, at $71.29 per barrel. Brent crude oil futures for April closed down by $0.16, or 0.21%, at $75.02 per barrel. [US Dollar] The US dollar index, which measures the dollar against six major currencies, fell by 0.83%, to 107.04. [Macro News] US January PPI exceeded expectations, but PCE-related price increases were moderate. Due to rising food and energy prices, US January PPI rose by 3.5% year-on-year, the highest since February 2023, and higher than both the expected value and the previous value (both 3.3%). US January core PPI increased by 3.6% year-on-year, higher than the expected value of 3.3% and the previous value of 3.5%. This indicates that inflationary pressures were still present before the Trump administration imposed tariffs. Analysts believe that the PPI data further confirms the hot CPI and low number of initial jobless claims, indicating that the likelihood of the Fed cutting interest rates in the short term is low. However, as the components of the PPI that make up the Fed's favored Personal Consumption Expenditures (PCE) price indexFinance and Health Services Group, Inc.performed weakly in January, some analysts predict that the month-over-month increase in core PCE will be significantly lower than the increase in CPI. Trump signs presidential memorandum proposing the imposition of reciprocal tariffs. Trump signed a presidential memorandum on February 13 proposing the imposition of reciprocal tariffs. According to reports, the new reciprocal tariff measures will be based on a series of trade measures adopted by countries that trade with the US, including the level of tariffs imposed by other countries on the US, subsidies provided to domestic industries, exchange rates, and any unfair practices identified by the US. Trump stated that practices by other countries sending goods to the US to avoid tariffs will not be accepted. Analysts believe that the reciprocal tariffs announced by Trump will not be imposed immediately, but the signing of the related memorandum will initiate the process for the Trump administration to implement such tariffs. White House officials stated that Trump hopes to take action quickly and suggested that it would take "weeks" rather than "months" to implement the tariff measures. Dalio issues sharp warning: the US must immediately reduce debt significantly, otherwise the economy will face a "heart attack" crisis. Dalio has issued a new warning about the US economy, stating that if Trump does not significantly reduce debt, terrible consequences will follow. Dalio stated that Trump should commit to reducing the US budget deficit from 7.5% of GDP to 3%; if no action is taken, the US may face a "heart attack" crisis in the bond market. Dalio's warning highlights the severity of the US debt problem, as the total US national debt has continued to rise in recent years, reaching approximately $36.22 trillion as of February 11. Additionally, he believes that there is a risk of a "debt death spiral" in the private credit sector. [Individual Stock News] It is rumored that the US is pushing for a joint venture between Intel Corporation and Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR! A supply chain rumor has caused a heated discussionthe US government may heavily intervene.Intel Corporation has reached a joint venture agreement with Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR. This manufacturing strategic shift could reshape the competitive landscape of the semiconductor industry. Tristan Gerra, an analyst at investment bank Baird, cited discussions from the Asian supply chain in a report, stating that the U.S. government is intervening in the following matters: Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR will send engineers to Intel Corporation's 3nm/2nm wafer factory, using Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR's expertise to ensure the feasibility of Intel Corporation's wafer factory and subsequent manufacturing projects. Intel Corporation's wafer factory may be split into a new entity jointly owned by Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR and Intel Corporation, operated by Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR. The new entity may receive funding from the U.S. CHIP Act.Despite opposition from Trump, Nippon Steel still plans to acquire United States Steel Corporation (X.US). According to sources, Nippon Steel's plan to acquire United States Steel Corporation and turn it into a wholly owned subsidiary remains unchanged, and is expected to be communicated to the US government. Despite President Trump's opposition to the acquisition, Nippon Steel is not currently planning to compromise. Nippon Steel's Vice Chairman Takahiro Mori is expected to tell US officials that the company will stick to its original acquisition plan. Honda (HMC.US) and Nissan abandon merger talks, commit to cooperation. Nissan Motor Co., Ltd. and Honda Motor Co., Ltd. Sponsored ADR officially terminated merger talks, quickly ending a partnership that could have created one of the world's largest automakers. Although the plan to merge the two brands under a holding company has been terminated, the two companies announced on Thursday that they will continue to maintain a strategic partnership with Mitsubishi Motors and collaborate on internal development in batteries, autonomous driving, software, and electric vehicle technology. Airbnb, Inc. Class A (ABNB.US) Q4 earnings exceed expectations. The financial report shows that Airbnb, Inc. Class A's Q4 revenue increased 12% year-on-year to $2.48 billion, beating analysts' expectations of $2.42 billion; earnings per share were $0.73, higher than analysts' expectations of $0.59. Total booking value was $17.6 billion. The company said it expects to continue building on the progress made last year as travel demand remains steady. The company forecasts Q1 revenue for 2025 to be $2.23-2.27 billion, with analysts expecting $2.29 billion. As of the time of writing, Airbnb, Inc. Class A's stock rose over 15% after hours on Thursday. Roku (ROKU.US) Q4 revenue increases by 25%, net loss significantly narrowed. The financial report shows that Roku's Q4 revenue increased by 25% to $1.2 billion, exceeding analysts' expectations of $1.15 billion; the net loss was $35.5 million, significantly narrower than the net loss of $78.3 million in the same period last year, and lower than analysts' expectations of a net loss of $59.7 million. Q4 user numbers and revenue per user both increased. The company forecasts Q1 revenue for 2025 to be $1.01 billion, with a net loss of $40 million; annual revenue is expected to be $4.61 billion. As of the time of writing, Roku's stock rose nearly 12% after hours on Thursday. GameStop Corp. Class A (GME.US) reportedly considering investing in Bitcoin and other cryptocurrencies. According to reports citing sources, GameStop Corp. Class A is considering investing in Bitcoin and other types of cryptocurrencies. As of the time of writing, GameStop Corp. Class A's stock rose nearly 6% after hours on Thursday. [Major Ratings] Cantor Fitzgerald: CVS Health Corporation (CVS.US) shows signs of improving profitability, rating upgraded from "Neutral" to "Buy," target price raised to $71 Wells Fargo & Company: Massive AI investment drags down earnings, maintains "Hold" rating for Alphabet (GOOGL.US), target price lowered from $190 to $184.