华尔街见闻早餐FM-Radio | 2025年5月17日

Market Overview - Despite poor consumer confidence and inflation expectations in Michigan, hopes for trade negotiations drove the S&P 500 to a five-day winning streak, rising over 5% for the week, marking the second-largest weekly gain of the year [2] - Tesla saw a weekly increase of 17%, while Nvidia and AMD collectively rose over 10% during Trump's visit to the Middle East [2] - The US consumer confidence data led to a rebound in Treasury yields and a strengthening of the dollar [2] - Gold prices fell over 2% during the Russia-Ukraine negotiations [2] Key News - Moody's downgraded the US credit rating to Aa1 due to concerns over government deficits, leading to declines in US stocks, bonds, and the dollar [3][10] - China's holdings of US Treasury bonds decreased by $18.9 billion in March, with the UK becoming the second-largest holder of US debt [11] - The Michigan consumer confidence index hit its second-lowest level in history, with both short-term and long-term inflation expectations reaching multi-decade highs [12] - OpenAI's global "Star Gate" project may first land in the UAE, with OpenAI and Nvidia reportedly involved in a 5GW data center project [12] Domestic Companies - Alibaba's stock price fell significantly post-earnings, but Morgan Stanley stated that the growth logic for Alibaba Cloud remains unchanged, expecting a 22% revenue growth in the next quarter [16] - CATL is set to list with a share price of HKD 263, achieving over 120 times subscription, potentially making it the largest IPO globally this year [16]