市场资讯及洞察
Artificial intelligence stocks have begun to waver slightly, experiencing a selloff period in the first week of this month. The Nasdaq has fallen approximately 2%, wiping out around $500 billion in market value from top technology companies.
Palantir Technologies dropped nearly 8% despite beating Wall Street estimates and issuing strong guidance, highlighting growing investor concerns about stretched valuations in the AI sector.
Nvidia shares also fell roughly 4%, while the broader selloff extended to Asian markets, which experienced some of their sharpest declines since April.
Wall Street executives, including Morgan Stanley CEO Ted Pick and Goldman Sachs CEO David Solomon, warned of potential 10-20% drawdowns in equity markets over the coming year.
And Michael Burry, famous for predicting the 2008 housing crisis, recently revealed his $1.1 billion bet against both Nvidia and Palantir, further pushing the narrative that the AI rally may be overextended.
As we near 2026, the sentiment around AI is seemingly starting to shift, with investors beginning to seek evidence of tangible returns on the massive investments flowing into AI, rather than simply betting on future potential.
However, despite the recent turbulence, many are simply characterising this pullback as "healthy" profit-taking rather than a fundamental reassessment of AI's value.
Supreme Court Raises Doubts About Trump’s Tariffs
The US Supreme Court heard arguments overnight on the legality of President Donald Trump's "liberation day" tariffs, with judges from both sides of the political spectrum expressing scepticism about the presidential authority being claimed.
Trump has relied on a 1970s-era emergency law, the International Emergency Economic Powers Act (IEEPA), to impose sweeping tariffs on goods imported into the US.
At the centre of the case are two core questions: whether the IEEPA authorises these sweeping tariffs, and if so, whether Trump’s implementation is constitutional.
Chief Justice John Roberts and Justice Amy Coney Barrett indicated they may be inclined to strike down or curb the majority of the tariffs, while Justice Brett Kavanaugh questioned why no president before Trump had used this authority.
Prediction markets saw the probability of the court upholding the tariffs drop from 40% to 25% after the hearing.
The US government has collected $151 billion from customs duties in the second half of 2025 alone, a nearly 300% increase over the same period in 2024.
Should the court rule against the tariffs, potential refunds could reach approximately $100 billion.
The court has not indicated a date on which it will issue its final ruling, though the Trump administration has requested an expedited decision.
Shutdown Becomes Longest in US History
The US government shutdown entered its 36th day today, officially becoming the longest in history. It surpasses the previous 35-day record set during Trump's first term from December 2018 to January 2019.
The Senate has failed 14 times to advance spending legislation, falling short of the 60-vote supermajority by five votes in the most recent vote.
So far, approximately 670,000 federal employees have been furloughed, and 730,000 are currently working without pay. Over 1.3 million active-duty military personnel and 750,000 National Guard and reserve personnel are also working unpaid.
SNAP food stamp benefits ran out of funding on November 1 — something 42 million Americans rely on weekly. However, the Trump administration has committed to partial payments to subsidise the benefits, though delivery could take several weeks.
Flight disruptions have affected 3.2 million passengers, with staffing shortages hitting more than half of the nation's 30 major airports. Nearly 80% of New York's air traffic controllers are absent.
From a market perspective, each week of shutdown reduces GDP by approximately 0.1%. The Congressional Budget Office estimates the total cost of the shutdown will be between $7 billion and $14 billion, with the higher figure assuming an eight-week duration.
Consumer spending could drop by $30 billion if the eight-week duration is reached, according to White House economists, with potential GDP impacts of up to 2 percentage points total.
热门话题
上周作为央行大周，市场经历了国际货币大幅波动。澳联储维持现有利率，日本央行跳出负利率时代，美联储维持现有利率但鲍威尔重申今年降息次数不变，英国央行维持现有利率不变，瑞士央行打响西方国家降息第一枪，综合央行消息影响后，美元被强势推高，目前已经重回104大关。这和年初预判的有些许不同，因为原来的节奏是西方国家将被迫跟随美联储步伐转变货币政策，在美国未降息的前提下是很难早于美国降息的，这将导致本国流动资金的严重问题，特别是国际资金的撤离，那么势必存在一个时间差，就是美联储降息时其他主要西方国家还未降息，这能导致美元的阶段性回落，虽然不可能回到美联储加息时候的98位置，但冲击100平台似乎不是问题。而现在瑞士打响了降息第一枪，当然跟瑞士长期以来是欧洲避险资金天堂的因素有关，而瑞士也主要都是用购买国际对冲资产作为回报，根本不担心降息后本国没有资本涌入，那么诸如澳洲，加拿大已经其他欧洲国家敢跟随瑞士的步伐吗?或许可能性非常低。
另外上周英伟达GTC大会似乎不温不火，在未能带飞整个AI板块的情况下，英伟达自己默默涨超了7%，股价再度逼近新高，也让之前担心英伟达股价崩盘的声音销声匿迹。AMD依然受困于管理层抛盘，AI应用层大部分股票依然处于回调中。上周新上市了几个相关题材的股票后续值得关注，ALAB以远高于目标价的$36美金IPO成功上市，三个交易日股价收稳$70美金接近翻倍，相信其“小英伟达”的称号并非空穴来风，而AI板块也依然是大牛板块，前途无量。
本周市场又迎来诸多重要金融消息，周三澳洲将公布2月CPI数据，预期将反弹3.6%超过前值3.4%，这或许会对澳联储的利率政策产生影响，但上周澳联储主席布洛克说澳洲并未排除加息可能更可能是起个警告作用，澳洲更大可能是紧跟美联储步伐调整利率政策，暂未拥有可以主动出击的能力。澳联储指定可以降息的目标区间在2%至3%，如此大的区间也让澳洲更加可以游刃有余去追随美联储的动向。周四美国将公布四季度GDP年化季率终值，预期维持3.2%的增速跟前值一致。目前市场最担心的就是美国能否实现经济软着陆而避免衰退，那么GDP将是验证经济是否衰退的试金石，若美国这样的发达国家都能维持3.2%的GDP增长，美联储大可以不着急降息，等待高息下通胀进一步回落至目标区间才开始降息，但其他西方国家或许难以坚持，鲍威尔也多次重申美联储并非一定要等到通胀回落到2%才开始加息，2%只是最终目标区间，利率政策有其滞后性，当各项数据能够显示美国的通胀正在有效可控向着2%运行时，美联储可以提早开始降息。这也是鲍威尔给自己铺好的台阶，因为美国目前的情况根本不可能在今年就让通胀回落到2%，但降息已经在所难免了。周四的GDP若能维持前值，那么对美国经济和市场的信心是一个很好的促进，股指也有望继续冲高。周五晚间美国将公布美联储最为关注的2月核心PCE物价指数，年率2.8%的预测值跟前值保持一致，如果能符合预期，也预示着美国通胀相对稳定并没有从源头反弹，这也是美联储后续政策的重要参考数据。
新的一周将是三月的最后一周，也是2024年一季度的最后一周，美股三大股指已经均创新高，从去年十月底开始的上涨至今依然强势，但舆论未曾提及牛市，罗素2000小盘股指数距离前高还较为遥远，依靠板块龙头拉动的股指并不健康，股指统计结构处于畸形状态，纳指7巨头市值占比过半，什么时候小盘股实现普涨了，罗素2000上新高了，相信牛市也就真正到来了，但罗素2000要上新高目前看依然是希望渺茫。免责声明：GO Markets 分析师或外部发言人提供的信息基于其独立分析或个人经验。所表达的观点或交易风格仅代表其个人；并不代表 GO Markets 的观点或立场。联系方式：墨尔本 03 8658 0603悉尼 02 9188 0418中国地区(中文） 400 120 8537中国地区(英文） +248 4 671 903作者：Xavier Zhang | GO Markets 高级分析师
American supermarket chain Target Corporation (NYSE: TGT) announced the latest earnings results before the opening bell on Wall Street on Tuesday. Target reported revenue of $31.919 billion for the previous quarter vs. $31.827 billion expected. Earnings per share (EPS) also topped estimates at $2.98 vs. $2.416 per share expected.
Revenue and EPS increased by 1.6% and 57.67% year-over-year respectively. The company achieved full-year revenue of $105.803 billion in 2023, down from $107.588 billion in 2022. Company overview Founded: June 24, 1902 Headquarters: Target Plaza Minneapolis, Minnesota, United States Number of employees: 440,000 (2023) Industry: Retail Key people: Brian Cornell (Chairman & CEO) CEO commentary Target CEO, Brian Cornell had this to say to investors: "Our team's efforts changed the momentum of our business, further improving our sales and traffic trends in the fourth quarter while driving profitability well ahead of expectations." "Throughout the season, guests responded to newness, value, and the inspiration and ease of our in-store and digital shopping experience.
Looking ahead, we'll continue to invest in the strengths and differentiators that have delivered strong financial performance over time. We'll also roll out fresh innovations, including our new Target Circle membership program, as part of our roadmap for growth aimed at meeting consumers where they are, reigniting sales, traffic and market share gains, and positioning Target for profitable growth in 2024 and beyond," Cornell added. Stock reaction The stock rallied by over 11% after the latest financial results were announced, trading at $168.20 a share – the highest level since April 2023.
Stock performance 5 day: +10.37% 1 month: +16.15% 3 months: +26.24% Year-to-date: +17.79% 1 year: +3.03% Target stock price targets JP Morgan Chase & Co.: $157 Telsey Advisory Group: $160 Oppenheimer: $170 Wells Fargo & Company: $165 Stifel Nicolaus: $153 Gordan Haskett: $170 Morgan Stanley: $165 TD Cowen: $148 BMO Capital Markets: $130 Royal Bank of Canada: $157 Citigroup: $142 Jefferies Financial Group: $135 Tigress Financial: $180 Evercore ISI: $130 Bank of America: $135 Target Corporation is the 215 th largest company in the world with a market cap of $77.39 billion, according to CompaniesMarketCap. You can trade Target Corporation (NYSE: TGT) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to "Trading" then select "Share CFDs".
GO Markets offers pre-market and after-market trading on popular US Share CFDs. Why trade during extended hours? Volatility never sleeps.
Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Target Corporation, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
American customer relationship management company Salesforce Inc. (NYSE: CRM) released the latest financial results after the closing bell on Wall Street on Wednedsay. Salesforce achieved revenue of $9.287 billio for the fourth quarter of fiscal 2024 vs. $9.223 billion expected. Revenue increased by 11% from the same period the year before.
Earnings per share (EPS) also topped analyst estimates at $2.29 vs. $2.27 per share estimate. EPS grew by 36.30% year-over-year. Full fiscal 2024 revenue grew by 11% to $34.9 billion.
The company expects revenue of between $37.7 to $38 billion for current fiscal year, which is below analyst estimate of $38.61 billion. Company overview Founded: February 3, 1999 Headquarters: Salesforce Tower, San Francisco, California, United States Number of employees: 79,390 (2023) Industry: Cloud computing, Enterprise software, Consulting Key people: Marc Benioff (Chairman & CEO) CEO commentary Marc Benioff, CEO of Salesforce had this to say to shareholders following the latest earning call: "It's been a phenomenal year of transformation for Salesforce with strong performance across all our key metrics, including record cash flow and margin growth. Our total remaining performance obligation ended the fourth quarter at $56.9 billion, an increase of 17% year-over-year.
We’re also thrilled to initiate our first-ever Salesforce dividend and increase our share buyback plan by $10 billion." "With our trusted, unified Einstein 1 Platform, we’re incredibly well positioned to build on our success and capitalize on the massive surge in tech spending expected over the coming years, delivering an unprecedented level of intelligence to our customers as AI transforms every company and industry," Benioff concluded. Stock reaction The stock was flat at the end of Wednesday’s trading session, ending the day at $299.77 a share. Shares fell by around 4% in after-hours trading despite earnings beat on future guidance.
Stock performance 5 day: +5.45% 1 month: +6.37% 3 months: +29.80% Year-to-date: +13.63% 1 year: +78.66% Salesforce stock price targets Piper Sandler: $285 Citigroup: $325 Stifel Nicolaus: $330 Wells Fargo & Company: $290 UBS Group: $310 Oppenheimer: $325 Robert W. Baird: $310 JMP Securities: $293 Morgan Stanley: $350 Wolfe Research: $315 Argus: $290 Bank of America: $300 Salesforce Inc. is the 33 rd largest company in the world with a market cap of $289.58 billion, according to CompaniesMarketCap. You can trade Salesforce Inc. (NYSE: CRM) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform.
To find out more, go to "Trading" then select "Share CFDs". GO Markets offers pre-market and after-market trading on popular US Share CFDs. Why trade during extended hours?
Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Salesforce Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
Oracle Corporation (NYSE: ORCL) announced the latest financial results for Q3 of fiscal 2024 after the market close on Monday. The US software and hardware manufacturer did not disappoint investors as both revenue and earnings per share (EPS) topped estimates. The company achieved revenue of $13.3 billion for the previous quarter vs. $13.286 billion expected.
Revenue grew by 7% year-over-year. EPS reached $1.41 vs. $1.377 per share expected. EPS was up by 16% vs. the same period the year before.
Oracle announced a quarterly dividend of $0.40 a share. Company overview Founded: 1977 Headquarters: Austin, Texas, United States Number of employees: 164,000 (2023) Industry: Enterprise software, business software, cloud computing, computer hardware, consulting Key people: Larry Ellison (Executive Chairman & CTO), Jeff Henley (Vice Chairman), Safra Catz (CEO) CEO commentary Safra Catz, CEO of Oracle had this to say to investors following the latest results: “Large new cloud infrastructure contracts signed in Q3 drove Oracle's total Remaining Performance Obligations up 29% to over $80 billion—an all-time record.” “We expect to continue receiving large contracts reserving cloud infrastructure capacity because the demand for our Gen2 AI infrastructure substantially exceeds supply—despite the fact we are opening new and expanding existing cloud datacenters very, very rapidly. We expect that 43% of our current $80 billion of Remaining Performance Obligations will be recognized as revenue over the next four quarters, and that our Gen2 Cloud Infrastructure business will remain in a hypergrowth phase—up 53% in Q3—for the foreseeable future,” Catz concluded.
Stock reaction Shares were up by 1.52% at the end of trading session on Monday at $114.13 a share. The stock rose by over 9% in the after-hours trading. Stock performance 5 day: +0.06% 1 month: -1.48% 3 months: -0.87% Year-to-date: +8.25% 1 year: +34.38% Oracle stock price targets Piper Sandler: $122 BMO Capital Markets: $126 UBS Group: $125 Wolfe Research: $130 Evercore ISI: $130 Morgan Stanley: $105 Guggenheim: $150 Berenberg Bank: $110 Mizuho: $150 HSBC: $144 DZ Bank: $125 JP Morgan Chase & Co.: $100 DA Davidson: $104 Barclays: $147 Oracle Corporation is the 31 st largest company in the world with a market cap of $313.73 billion, according to CompaniesMarketCap.
You can trade Oracle Corporation (NYSE: ORCL) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to “Trading” then select “Share CFDs”. GO Markets offers pre-market and after-market trading on popular US Share CFDs.
Why trade during extended hours? Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Oracle Corporation, TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
NIO Inc. (NYSE: NIO) has had a terrible start to 2024 with the stock plummeting by over 35% year-to-date. On 23/2/24, JP Morgan Chase & Co. downgraded its price target for NIO from $8.50 to $5 a share, citing "weakness to the company's slow sales in January and investor concern on the company's sales and earnings momentum in 2024." On Friday, the Chinese electric vehicle manufacturer released the latest delivery data for February. The company delivered a total of 8,132 cars last month, down from 12,157 deliveries in February 2022.
NIO has delivered 467,781 vehicles in total as of 29/2/24. The EV maker will announce the latest financial results for Q4 2023 before the US market open on 5/3/24. Company overview Founded: November 2014 Headquarters: Shanghai, China Number of employees: 20,000+ (2023) Industry: Automotive Key people: William Li (CEO), Lihong Qin (President), Wei Feng (CFO) Stock reaction The stock was up by 0.52% at the end of Friday’s session at $5.78 a share.
Stock performance 5 day: +7.69% 1 month: +4.96% 3 months: -18.67% Year-to-date: -35.89% 1 year: -39.24% NIO stock price targets Mizuho: $15 Deutsche Bank: $16 CLSA: $14 Sanford C. Bernstein: $8 JP Morgan Chase & Co.: $5 Citigroup: $19.20 UBS Group: $15 Nomura: $7.50 Barclays: $8 Morgan Stanley: $12 NIO Inc. is the 1395 th largest and 4 th largest electric vehicle company in the world with a market cap of $12.09 billion. You can trade NIO Inc. (NYSE: NIO) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD.
GO Markets now offers pre-market and after-market trading on popular US Share CFDs. Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time. Why trade during extended hours?
Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: NIO Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
Last week, Chinese electric vehicle manufacturer NIO Inc. (NYSE: NIO) released its latest delivery numbers for February. On Tuesday, it was time for the company to announce Q4 2023 and full-year financial results. Let’s take a closer look at how the company performed.
NIO achieved revenue of $2.409 billion for the last three months of 2023, which fell below Wall Street estimate of $2.558 billion. Revenue was up by 6.5% year-over-year. The company reported loss per share of -$0.396, which was more than -$0.337 loss per share expected.
Full year revenue reached $7.833 billion in 2023, up from 7.143 billion the year prior. Company overview Founded: November 2014 Headquarters: Shanghai, China Number of employees: 20,000+ (2023) Industry: Automotive Key people: William Li (CEO), Lihong Qin (President), Wei Feng (CFO) CEO commentary "In 2023, NIO set a new delivery record of 160,038 vehicles, ranking first in China’s premium BEV market with an average transaction price over RMB 300,000. At NIO Day 2023, we unveiled ET9, our smart electric executive flagship, showcasing a suite of our latest technologies, including our self-developed AD chip, full-domain 900V architecture, advanced intelligent chassis system and various other industry-leading innovations, " CEO of NIO, William Li said in a statement to shareholders. "We will soon start deliveries of 2024 NIO products equipped with the highest computing power among production vehicles and constantly enhance users' driving and digital experience.
Meanwhile, we plan to release Navigate on Pilot Plus (NOP+) for urban roads to all NT2.0 users in the second quarter. Our continuous investments in technologies, battery swapping network and user community will bolster our competitive advantages as we navigate the future competition," Li finished his statement. Stock reaction Shares were up by around 2% on Tuesday, trading at $5.44.
Stock performance 5 day: -5.28% 1 month: -9.20% 3 months: -26.31% Year-to-date: -39.64% 1 year: -38.96% NIO stock price targets Mizuho: $15 Deutsche Bank: $16 CLSA: $14 Sanford C. Bernstein: $8 JP Morgan Chase & Co.: $5 Citigroup: $19.20 UBS Group: $15 Nomura: $7.50 Barclays: $8 Morgan Stanley: $12 NIO Inc. is the 1369 th largest and 4 th largest electric vehicle company in the world with a market cap of $12.38 billion. You can trade NIO Inc. (NYSE: NIO) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD.
GO Markets now offers pre-market and after-market trading on popular US Share CFDs. Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time. Why trade during extended hours?
Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: NIO Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap