Pre-market report on A-shares | US stocks encounter Black Monday! Nasdaq plummets by 4%; Guangdong issues document to support AI and Siasun Robot & Automation.

Pre-market news 1. US stocks encounter Black Monday! Nasdaq plunges by 4%, Goldman Sachs significantly lowers US economic outlook Type: Market Sentiment impact: Negative Due to investor concerns about the US economy entering a recession, the US stock market suffered a heavy blow, with the Nasdaq index dropping by 4%. As the Trump administration's tariff policy gradually takes effect, the Goldman Sachs team lowered its 2025 US GDP growth expectation from 2.4% to 1.7%, and also expects the average tariff rate in the US to increase by 10 percentage points this year. 2. Real support in cash and silver! Guangdong introduces 12 measures to create an innovation hub for artificial intelligence and Siasun Robot & Automation industry Type: Industry Sentiment impact: Positive Guangdong has introduced measures to support various innovative entities to form industry innovation alliances around the artificial intelligence and Siasun Robot & Automation industry chain. It aims to create an innovation center for manufacturing in the field of artificial intelligence and Siasun Robot & Automation, providing financial support up to 50 million RMB for eligible national and provincial manufacturing innovation centers. 3. Tesla drops by over 15%, stock price more than halved from its peak! Sales decline prompts Wall Street reassessment Type: Company Sentiment impact: Negative Tesla's stock price plummeted by over 15% on Monday, more than halving from its historic high in December last year, with a market value evaporating around $800 billion. Following a 50% drop in January's European sales, Tesla's February sales in China fell by 49% year-on-year, dropping market share to 11th place. Several Wall Street institutions have lowered their sales expectations for Tesla. 4. One-time subsidy up to 80,000 RMB! Shanghai releases document to encourage development of electric vehicle charging and swapping facilities Type: Industry Sentiment impact: Positive Shanghai's document proposes providing a 30% subsidy to charging enterprises for the construction of shared charging piles in demonstration communities, with a subsidy limit of 600 RMB per kilowatt for DC facilities and 300 RMB per kilowatt for AC facilities. For newly built charging spaces of more than 20, a one-time subsidy limit of 80,000 RMB is set. Investment Calendar Zhiyuan Siasun Robot & Automation hints at surprises today Investment Tips Investment Tips: The lower you reduce your trading frequency, the greater the chance you have of achieving the returns you deserve. [US] John Bogle's "Long-Term Investment" Editor's Viewpoint Editor's Viewpoint: Yesterday's market saw a bottoming rebound, with sectors rotating in an orderly manner, but with significantly reduced trading volume; CMSC believes that consumer goods may temporarily take the lead, but technology remains the main trend in the medium to long term. Institutional Views 1. CMSC: Consumer goods may temporarily lead, but in the medium to long term, technology remains the main trend in the market. 2. Industrial: China's asset revaluation is expected to further spread towards policy support and marginal improvement in business. 3. Orient: The stock index is adjusting in the short term but remains on an upward trend in the medium term, with the short-term target of the Shanghai index still aiming for 3400 points. Positive and Negative Factors Outlook 1. Benefiting from the AI computing wave! Victory Giant Technology's first-quarter net profit is expected to increase by over 272.12% year-on-year Type: Market Hot Topic Guosheng Securities: With continuous innovation in domestic models leading the way, it is expected to drive the development of end-side AI and further boost the demand for computing power. The surge in computing power consumption in the AI Agent era presents a historical opportunity for computing power bases and the domestic computing power supporting industry chain. 2. Tomorrow, the Institute of Information and Communication will hold an AI Glasses Industry Seminar, institutions believe this year will be the year of industry breakthrough Type: Institutional Hot Topic China Securities Co., Ltd.: Potential breakout products in the end-side AI sector are expected to emerge by 2024, as costs of AI glasses sharply decrease, paving the way for a breakthrough in 2025. In addition to smartphones, PCs, glasses, and headphones, the vast potential of end-side AI will bring about widespread hardware upgrades. 3. A great start after the Spring Festival! China's February passenger car sales increased by 26% year-on-year, returning to positive growth Type: Market Hot Topic Guosheng Securities: The concentration of the automotive parts industry chain in the domestic market is increasing, with vast opportunities in overseas markets; the rapid development of intelligent driving is benefiting the industry chain, with major incremental parts including sensors, domain controllers, wire controllers, and wire steering components. Announcement Express Slightly positive announcements 1. Kingsemi Co., Ltd.: NAURA Technology Group intends to acquire 9.49% of the company's shares, with trading resuming today. 2. Jiangxi Bestoo Energy: Net profit in 2024 increased by 45.61% year-on-year. 3. CNNC Hua Yuan Titanium Dioxide: Net profit in 2024 increased by 34.84% year-on-year, with a proposed dividend of 0.16 RMB per 10 shares. Slightly negative announcements 1. Gemdale Corporation: Contract amount in February was 2.8 billion RMB, a 45.06% year-on-year decrease. 2. Shandong Yisheng Livestock & Poultry Breeding: Sales revenue of broiler chicks in February was 124 million RMB, a 40.3% year-on-year decrease. 3. Fujian Aonong Biological Technology Group Incorporation: Sales volume of pigs in February was 97,300 heads, a 20.9% decrease from the previous month. Overseas Markets Self-selected Brother Tip: Recession fears dealt a heavy blow to the US stock market, with all three major indices falling by over 2%, and the Nasdaq plummeting by 4%. Large tech stocks collectively plummeted, with Tesla falling by over 15%, and popular Chinese concept stocks generally declining, with the Nasdaq China Dragon Index falling by 3.59%. This article is reprinted from Tencent's self-selected stocks. Editor: Liu Xuan.