Microsoft(US:MSFT) Sou Hu Cai Jing·2025-05-02 04:06Economic Overview - The US economy experienced a contraction in Q1 with GDP shrinking by 0.3%, marking the first decline in three years [3] - The core PCE price index rose to 3.5% due to surging imports and tariff expectations, with experts predicting a potential recession by summer [3] - Market expectations for Federal Reserve interest rate cuts are volatile, with Goldman Sachs forecasting 25 basis point cuts in June, July, and September [3] Technology Sector - Microsoft achieved a significant market valuation increase of $1.6 trillion, reaching $3.2 trillion, surpassing Apple, driven by Azure cloud services and AI [3] - Microsoft is in talks with Elon Musk's Grok AI for collaboration, indicating intensified competition in the AI sector [3] Precious Metals - International gold prices dropped by 1.8%, with domestic gold jewelry prices falling below 1000 yuan per gram [4] - Global gold investment demand surged by 170% in Q1, with Chinese gold ETF inflows hitting a record high, indicating gold's enduring status as a safe-haven asset [4] - Gold mining companies are seeing explosive earnings, while downstream jewelry firms may face pressure, highlighting a divergence in the sector [4] Cryptocurrency Market - Bitcoin prices are nearing the $100,000 mark, driven by momentum trading in the spot market, with over $3.2 billion inflows into Bitcoin ETFs last week [4] - Despite short-term optimism, there remains low demand in derivatives, suggesting market divergence on long-term trends [4] A-Share Market - A-share cash dividend distribution is projected to exceed 2.3 trillion yuan in 2024, with Industrial and Commercial Bank of China distributing 109.7 billion yuan [5] - The stock "Good Idea" boasts a dividend yield of 16.91%, making it more attractive than bank savings [5] - Long-term holding strategies can yield both capital gains and tax savings, emphasizing a smart investment approach [5]