Overnight US stocks | Three major stock indexes show mixed trends, Chinese concept stocks generally rise, NVIDIA Corporation (NVDA.US) fluctuates after its financial report.

orporation (NVDA.US) rose by 3.67%. Popular Chinese concept stocks were mostly up, with XPeng, Inc. ADR Sponsored Class A (XPEV.US) rising nearly 15%, NIO Inc. Sponsored ADR Class A (NIO.US) and Li Auto, Inc. Sponsored ADR Class A (LI.US) rising over 10%, KE Holdings, Inc. Sponsored ADR Class A (BEKE.US) rising over 7%, JD.com, Inc. Sponsored ADR Class A (JD.US) rising over 6%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rising by nearly 4%. European stocksEuropean stocks indices rose across the board. The German DAX30 index rose by 1.71%, the UK's FTSE 100 index rose by 0.72%, the French CAC40 index rose by 1.15%, and the Euro Stoxx 50 index rose by 1.43%. Asia-Pacific stock marketsThe Nikkei 225 index fell by 0.20%, the South Korean KOSPI index rose by 0.41%, the Indian BSE SENSEX index rose by 0.20%, and the Indonesian composite index rose by 0.29%. Foreign exchangeThe US Dollar Index (DXY), which measures against six major currencies, rose by 0.15% to 106.47. CryptocurrenciesCryptocurrencies fell. Bitcoin fell by nearly 5% to $84,396, while Ethereum fell by nearly 6% to $2,348.66. GoldCOMEX gold futures rose by 0.51% to $2,933.60 per ounce. Spot gold rose by 0.08% to $2,917.40 per ounce. Crude oilWTI crude oil futures for April fell by 0.45% to $68.62 per barrel. Brent crude oil futures for April fell by 0.67% to $72.53 per barrel. MetalsLondon copper rose by $58 to $9,460 per tonne; COMEX copper futures rose by 1.15% to $4.5330 per pound. London aluminum fell by $6 to $2,632 per tonne. London zinc remained unchanged at $2,812 per tonne. London lead rose by $18 to $2,010 per tonne. London nickel rose by $244 to $15,580 per tonne. London tin fell by $371 to $32,404 per tonne. London cobalt rose by $600, with an increase of over 2.69%, reaching $22,880 per tonne. Macroeconomic news Trump: The United States will impose a 25% tariff on goods imported from Mexico and non-energy goods imported from Canada from April 2. On February 26th local time, US President Trump stated at a cabinet meeting that the United States will impose a 25% tariff on goods imported from Mexico and non-energy goods imported from Canada from April 2. Trump also stated that the US has decided to impose a 25% tariff on the European Union, and will announce it "very soon." Trump told the media that overall, the tariff rate on the European Union will be set at 25%, applicable to cars and various other goods. The US bond market bets on the Fed changing its attitude soon! Morgan Stanley: The 10-year yield is expected to fall below 4%. US bond investors are starting to bet that the Fed will soon shift from worrying about stubborn inflation to worrying about slowing economic growth. This sentiment has pushed US bond yields lower in recent days. Morgan Stanley strategists say that if the market generally expects the Fed to change its attitude, the 10-year US bond yield could fall below 4%. Traders have resumed their bets this week on two rate cuts by the Fed this year and one next year to around 3.65%. Morgan Stanley says that if the market expects rates to fall to 3.25%, then the 10-year yield could fall below 4%. The bank expects that the impact of the January PCE inflation rate favored by the Fed, if it drops, could be decisive. Matthew Hornbach and other Morgan Stanley strategists said, "If the Fed makes a dovish speech due to a decline in core PCE inflation, investors will buy more long-term bonds, and yields will further decline." US new home sales fall to a three-month low due to high interest rates and bad weather. Signs of weakening consumer demand in the US economy. US new home sales in January fell to a three-month low, reflecting the dual impact of affordability challenges and harsh winter weather. Official data released on Wednesday showed that sales of new single-family homes in January fell by 10.5% to an annualized rate of 657,000 units, below the median of economists' expectations of 680,000 units. Stock news NVIDIA CNVIDIA Corporation(NVDA.US)Q4 revenue growth slows but still hits record high, Blackwell revenue exceeds 10 billion US dollars, Q1 revenue guidance better than expected. The financial report shows that NVIDIA Corporation's fourth quarter revenue for the 2025 fiscal year increased by 78% year-on-year to 39.3 billion US dollars, better than analysts' expectations of 38.25 billion US dollars; adjusted earnings per share were 0.89 US dollars, better than analysts' expectations of 0.84 US dollars; adjusted gross margin was 73.5%, a year-on-year decrease of 3.2 percentage points, in line with analysts' expectations. Among them, data center business revenue increased by 93% year-on-year to 35.6 billion US dollars, better than analysts' expectations of 34.1 billion US dollars; gaming and AI PC business revenue decreased by 11% year-on-year to 2.5 billion US dollars, below analysts' expectations of 3 billion US dollars; professional visualization business revenue increased by 10% year-on-year to 0.511 billion US dollars, better than analysts' expectations of 0.5076 billion US dollars; automotive and Siasun Robot & Automation business revenue increased by 27% year-on-year to 0.57 billion US dollars, better than analysts' expectations of 0.461 billion US dollars. NVIDIA Corporation's total revenue and data center business revenue growth in the fourth quarter were the lowest in nearly two years, but stronger than analysts' expectations. It is worth mentioning that NVIDIA Corporation CFO Kress revealed that in the fourth quarter, the Blackwell architecture chips brought in 11 billion US dollars in revenue for the company, exceeding NVIDIA Corporation's previous estimate by several billion dollars. NVIDIA Corporation expects first quarter revenue for fiscal year 2026 to be 43 billion US dollars, higher than analysts' expectations of 42.3 billion US dollars; and expects adjusted gross margin to be between 70.6% and 71.0%, fluctuating 50 basis points up and down, lower than analysts' expectations of 72%.Targeted by short-selling institutions! AppLovin plummeted over 23% at one point, triggering a circuit breaker during trading hours. As the champion of Nasdaq's 2024 stock price increase, AppLovin was targeted by short sellers on Wednesday. The stock plummeted over 23% in a single day, hitting its lowest level since November last year, marking its largest single-day drop since 2022; the volatility triggered a circuit breaker during trading hours. In the last five trading days, the stock price has dropped by over 36%. Several short-selling institutions have recently released reports targeting AppLovin. Both Culper and Fuzzy Panda pointed out that AppLovin's revenue growth relies on the illegal practice of automatically installing applications on users' mobile phones in the background without their consent, which violates Alphabet Inc. Class C and Apple Inc. App Store policies, posing risks of regulatory scrutiny and huge fines. Salesforce, Inc. (CRM.US) had mixed results in Q4, with Q1 revenue guidance falling short of expectations. The financial report shows that Salesforce, Inc. saw a 7.6% year-on-year increase in revenue in Q4 2024 to $9.99 billion, marking the third consecutive quarter of single-digit revenue growth, which fell short of analysts' expectations of $10.04 billion; net profit was $1.71 billion, higher than the same period last year's $1.45 billion; adjusted earnings per share were $2.78, beating analysts' expectations of $2.61. Salesforce, Inc.'s guidance for Q1 of 2025 was lower than expected, dampening investor optimism for its new artificial intelligence products. The company expects Q1 revenue to be between $9.71 billion and $9.76 billion, lower than analysts' expectation of $9.91 billion; the company expects full-year revenue for the new fiscal year to be between $40.5 billion and $40.9 billion, while analysts' average expectation is $41.5 billion. As of the time of writing, Salesforce, Inc. fell over 4% in after-hours trading on Wednesday. eBay (EBAY.US) exceeded expectations in Q4, with Q1 revenue guidance falling short. The financial report shows that eBay's fourth-quarter revenue increased by 1% year-on-year to $25.8 billion, slightly higher than analysts' expectations of $25.7 billion; adjusted earnings per share were $1.25, better than analysts' expectations of $1.20. GMV increased by 4% to $19.3 billion. The company expects Q1 2025 revenue to be between $2.52 billion and $2.56 billion, below analysts' expectation of $2.59 billion; adjusted earnings are expected to be $1.32-1.36 per share, compared to analysts' expectation of $1.33. As of the time of writing, eBay fell over 8% in after-hours trading on Wednesday. Snowflake (SNOW.US) rose over 10% in after-hours trading. The latest financial report shows that the company's fourth-quarter revenue was $986.8 million, surpassing analysts' expectations of $958 million; fourth-quarter product revenue was $943.3 million, beating analysts' expectations of $915.8 million. The company expects product revenue for the 2026 fiscal year to be $4.28 billion, higher than analysts' expectation of $4.23 billion; the adjusted operating profit margin for the 2026 fiscal year is forecasted to be 8%.