Global Headlines | U.S. stock three major indices close higher collectively. Morgan Stanley applies to issue cryptocurrency ETF.

【U.S. Stock Indices】

On January 6th (Tuesday) Eastern Time, the three major U.S. stock indices all closed higher, with the S&P 500 up 0.62% at 6944.82 points; the Dow Jones Industrial Average up 0.99% at 49462.08 points; and the Nasdaq Composite up 0.65% at 23547.17 points.

【U.S. Bonds】

On January 6th, the benchmark 10-year U.S. Treasury yield was 4.18%, and the 2-year U.S. Treasury yield, which is most sensitive to Federal Reserve policy rates, was 3.47%.

【Popular U.S. Stocks】

Among popular U.S. stocks, Nvidia fell 0.45%, Apple fell 1.83%, Google C fell 0.87%, Google A fell 0.75%, Microsoft rose 1.20%, Amazon rose 3.37%, TSMC rose 1.62%, Meta rose 0.28%, Tesla fell 4.14%, Super Micro Semiconductor fell 3.04%, and Intel rose 1.65%.

【Global Indices】

【China Indices】

On January 6th, overnight Hang Seng Tech Index futures rose 1.55%, Nasdaq China Golden Dragon Index fell 0.78%, and FTSE China A50 Index rose 1.01%.

【Chinese Concept Stocks】

In popular Chinese concept stocks, Tencent Holdings (HK) rose 1.28%, Alibaba fell 3.41%, Pinduoduo rose 2.97%, NetEase rose 0.72%, Baidu fell 2.18%, Ctrip rose 1.26%, Xpeng Motors fell 0.22%, Li Auto fell 2.13%, and NIO fell 1.75%.

【Forex and Commodities】

【Global News】

Nvidia CEO Jensen Huang: New Chips Perform 10 Times Better Than Previous Generation

Nvidia CEO Jensen Huang: The performance of the new chips is 10 times higher than the previous generation. We hope to have more energy sources. We have to invest in all types of energy. (Wall Street Journal)

Morgan Stanley Applies for Cryptocurrency ETF, Joins Wall Street’s Layout

Morgan Stanley has submitted applications for Bitcoin and Solana exchange-traded funds (ETFs), marking its first move into this popular fund sector two years after the explosive growth of crypto ETFs in the U.S. The company filed for a Bitcoin Trust and a Solana Trust on Tuesday, both holding respective cryptocurrencies. The Solana product will allocate part of its assets to staking, allowing the tokens to support the blockchain network and earn rewards. The filings show that these trusts will be managed by Morgan Stanley Investment Management. As these filings were submitted, traditional Wall Street financial institutions are deepening their presence in digital assets. Goldman Sachs, JPMorgan Chase, and Citigroup have increased their efforts in crypto services for institutional clients, launching trading operations, and piloting custody, settlement, and tokenization projects. Bloomberg data shows over $150 billion in assets allocated across about 130 U.S. funds, a large portion of which is invested in Bitcoin-related products. Many of these products launched in January 2024 and quickly achieved success. (Sina Finance)

AMD CEO Says Computing Power Must Increase 100 Times in 4-5 Years

AMD CEO states that computing power must grow 100 times within 4-5 years.

Aehr Test Systems: Short Formation and Small Scale, Technological Route Differs from Elon Musk’s Neuralink

Aehr announced that its Brain Machine Interface (BMI) Starlink is newly established with a small scale. Currently, in sleep-related products, it mainly develops EEG acquisition and analysis devices, sleep aid devices, sleep monitoring devices, and vagus nerve stimulators. These products have not yet entered registration or declaration stages; among them, the vagus nerve stimulator is in the process of registering a Class II medical device certificate. In the fields of Alzheimer’s, autism, and stroke diagnosis, related products are still in early R&D or preclinical stages. The technical route of Brain Machine Interface Starlink is non-invasive, fundamentally different from Elon Musk’s Neuralink, which is an invasive brain-machine interface company. Currently, there is no layout for invasive technology.

Federal Reserve Official Milan: Data Expected to Support Further Rate Cuts

Federal Reserve official Milan: Data is expected to support further rate cuts. (Sina)

BYD (002594) to Surpass Tesla in Sales in Europe’s Two Largest Electric Vehicle Markets by 2025

According to data released by the German Federal Motor Vehicle Office on January 6th, in December last year, BYD’s new car registrations in Germany were more than twice those of Tesla. For the full year, BYD’s sales in Germany, Europe’s largest EV market, increased sevenfold to 23,306 vehicles, while Tesla’s sales nearly halved to 19,390 vehicles. BYD also leads Tesla in the UK, Europe’s second-largest plug-in vehicle market. BYD surpassed Tesla in September last year and finished the year with a total sales of 51,422 vehicles, higher than Tesla’s 45,513 vehicles. (Jiemian)

AMD’s Su Zifeng: Global Computing Power Is Far Insufficient, Needs 100-Fold Increase in Next Five Years

On January 5th, local time, AMD CEO Su Zifeng delivered a keynote speech on AI at the Consumer Electronics Show (CES) and announced several AI chips, including MI 450 and Helios cabinets. Su emphasized that AI will continue to develop. She said, “Compared to our potential goals, current computing power is far from enough. The pace of AI innovation in recent years has been astonishing, and we are just getting started.” Su Zifeng stated that AI is rapidly evolving from a tool into infrastructure, and global computing demand will increase 100 times over the next five years, reaching 10 YottaFLOPS (10^24 floating-point operations per second), a thousandfold increase from 2022. Such a cross-generational leap depends not only on system architecture innovation but also on breakthroughs in process technology. (People’s Financial News)

Xiangyu Medical: Brain-Computer Interface Neural Regulation Rehabilitation and Clinical Research Transformation Center Unveiled

Recently, Xiangyu Medical and Tengzhou Central People’s Hospital jointly established the Brain-Computer Interface Neural Regulation Rehabilitation and Clinical Research Transformation Center, which was officially unveiled. The center will focus on rehabilitation and research for neurological diseases such as stroke, spinal cord injury, and cognitive impairment, creating a closed-loop chain from clinical needs to technology R&D and product implementation. It aims to accelerate the transformation of cutting-edge technologies like brain-computer interfaces into clinical rehabilitation solutions, helping patients rebuild brain and limb functions, and improving recovery efficiency and quality of life. (People’s Financial News)

Magna and Nvidia Further Upgrade Cooperation

Magna announced an expansion of its strategic partnership with Nvidia to support automakers’ projects based on the Nvidia DRIVE Hyperion platform. As part of the collaboration, Magna will provide comprehensive services covering system integration, functional verification, and full vehicle production, supporting Nvidia’s DRIVE AV autonomous driving software stack on the DRIVE AGXThor high-performance computing platform. For L2++, L3, and L4 autonomous driving systems, Magna will also offer platform deployment and project execution services to ensure seamless deployment across different levels of autonomous driving solutions. (People’s Financial News)

Malende: Company’s Brain-Computer Interface Products Still in R&D and Market Cultivation Stage, Not Yet in Large-Scale Sales

Malende announced that its products in the brain-computer interface field are still in R&D and market cultivation stages, with no large-scale sales yet, and have not significantly impacted the company’s performance. The company mainly focuses on non-invasive brain-computer interface technology development and commercialization, which differs significantly from the current mainstream invasive brain-computer interface technology.