[Music] Welcome back to Trading 360. I'm Marley Kaden. It's time for the big three.We've got three stocks, three charts, and three trades. Rick Ducat is here to take us through the technicals, walk us through those charts, and here to take us through the trades is Don Kaufman, the co-founder of Theo Trade. Great to see you both. Don, great to have you with us as always.Can we start with a big picture thought on the market and the performance we've seen so far this week. Yeah, right now what we're seeing thr ...

[Music] We're back on Morning Trade Live. Let's focus on Alibaba. The stock hitting a new three-year high today after CEO Eddie Wu said he expects the company's AI focus spend to increase above the company's previous $53 billion target.Alibaba also announcing that it plans to integrate Nvidia's suite of AI development tools into its cloud software platform. So, we have got Alibaba shares soaring today after a stellar night over in Hong Kong. up 9 1/2% that is also helping lift the likes of BU Pindo up 2 1/2 ...

Market Overview - US stock futures are rebounding after a sell-off, with major averages still near record highs, particularly the S&P 500, which has not dropped by at least 2% in 107 sessions, the longest stretch since July 2024 [1][2] - Tech stocks, which experienced significant selling, are seeing a rebound driven by renewed optimism in AI, particularly following positive earnings from Micron [2][6] Company Highlights - Micron reported fiscal fourth-quarter revenue of $11.3 billion, exceeding expectations, and adjusted earnings of $3.3, also above forecasts. The CEO indicated that trillions of dollars will be invested in AI, with a significant portion allocated to memory products [15][16] - Alibaba's stock surged to a four-year high after announcing plans to increase AI spending beyond an initial target of $50 billion and a partnership with Nvidia to develop AI infrastructure. The stock rose over 9% following the announcement [3][9][10] Industry Trends - The AI sector is experiencing fluctuating sentiment, with investors oscillating between excitement and skepticism. Recent developments from companies like Alibaba and Micron are contributing to renewed optimism [8][29] - Asian stocks are trading near four-year highs, with the Hang Seng and Shanghai Composite indices showing significant gains, indicating a strong performance in the region [12][13] Federal Reserve Insights - Fed Chair Jerome Powell indicated that equities are highly valued, contributing to a slight market pullback. However, there is optimism regarding potential interest rate cuts later this year [7][20] - Fed Governor Michelle Bowman expressed concerns about the labor market's fragility and suggested that the Fed may need to adjust policy more aggressively if conditions worsen [22][23]

** At the close, the Shanghai Composite ** Gains were led by tech shares, with Shanghai's tech-focused STAR50 index jumping 3.49% and CSI Info Tech sub-index bouncing 2.88%. ** China's CSI all share semiconductor, a sub-index tracking the sector, rose 4.68%. ** Chinese e-commerce company Alibaba said on Wednesday it plans to open its first data centres in Brazil, France and the Netherlands as it accelerates its global strategy for artificial intelligence. The Hong Kong-listed shares finished the session u ...

Core Insights - Alibaba announced a significant collaboration with Nvidia to enhance its development of humanoid robots, marking a milestone in AI technology [1][3] - Following the announcement, Alibaba's shares surged over 9% in Hong Kong, driven by CEO Eddie Wu's commitment to increase spending on artificial intelligence [2][4] - The partnership aims to integrate Nvidia's physical AI software stack into Alibaba's cloud division, providing a comprehensive platform for developers in humanoid robotics [3][4] Company Developments - Alibaba plans to invest at least 380 billion yuan (approximately $53 billion) in AI and cloud computing over the next three years [4][5] - The company anticipates a tenfold increase in energy consumption by its global data centers by 2032, compared to levels when generative AI chatbots were introduced in 2022 [7] - Alibaba operates some of China's largest online shopping platforms and is positioned to leverage this partnership to enhance its technological capabilities [3] Industry Context - The collaboration occurs amid a competitive tech landscape between China and the United States, particularly in advanced semiconductor technology [2][8] - The Chinese government has expressed concerns over national security regarding Nvidia chips, encouraging local semiconductor reliance [8] - China is the world's largest market for industrial robots, indicating a robust environment for AI and robotics development [7]

Semiconductor giant Micron Technology Inc. MU is well-positioned for the AI infrastructure boom, as CEO Sanjay Mehrotra says the ongoing wave of investment stands to significantly benefit the memory market.MU stock is gaining positive traction. Check out the latest moves here.‘Trillions’ Will Be Invested In AIDuring the company’s fourth-quarter earnings call on Tuesday, Mehrotra said, “Over the coming years, we expect trillions of dollars to be invested in AI,” of which he expects “a significant portion” to ...

Alibaba's Hong Kong-listed shares surged on Wednesday to reach their highest point since 2021 after the company said it will invest more in artificial intelligence and rolled out new AI products and updates. Shares of the company jumped over 6%, while its total gains year to date rose above 107%. The tech giant plans to increase spending on AI models and infrastructure development, on top of the 380 billion yuan ($53 billion) over three years it announced in February, Chief Executive Officer Eddie Wu said W ...

A look at the day ahead in European and global markets from Gregor Stuart Hunter: Having passed through the autumn equinox to pumpkin-spiced latte season, it's a little mysterious that markets have yet to encounter any of the weakness historically found this time of year. Until today, that is. Stocks are falling across Asia after a sell-off on Wall Street overnight fanned by softer-than-expected economic data and comments from Jerome Powell that gave few clues about the future path of interest rates. The ...

Key TakeawaysForex Markets Show Divergence: The NZD/USD reached a two-week low, while EUR/USD extended losses below 1.1750 due to US Dollar strength and Eurozone political concerns. Conversely, GBP/USD posted modest gains above 1.3450 despite worries over the UK's fiscal health.Asian Equities Mixed: Indonesia's stock benchmark, the Jakarta Composite Index (JCI), saw a 0.4% gain at open, following earlier rate cuts that propelled it to a record high, while Hong Kong's Hang Seng Index (HSI) declined by 1% ami ...

Summary of Key Points from the Conference Call Industry Overview - The focus is on the **robotaxi** segment within the **China Autos & Shared Mobility** industry, highlighting its rapid expansion and technological advancements [2][10]. Core Insights 1. **Expansion of Robotaxi Services**: Baidu's Apollo Go has launched its robotaxi trial service in Jiangmen, Guangdong, following its earlier debut in Foshan, indicating a significant acceleration in the rollout of robotaxi services across various Chinese cities [2][10]. 2. **Government Support**: The growth trajectory of the robotaxi segment is expected to be driven by supportive government policies and the proactive scaling of robotaxi companies [2][10]. 3. **Strategic Partnerships**: Alibaba's strategic investment in Hello, a new robotaxi company backed by Ant Group, signifies deepening partnerships in the sector, focusing on algorithm platforms and smart-driving AI models [3][10]. 4. **Hardware Supply Contracts**: Hesai has secured a US$40 million order from a leading US robotaxi company, becoming the sole supplier of both long- and short-range lidars, marking a significant achievement for the company [4][10]. 5. **Market Dynamics**: Leading hardware manufacturers like Horizon and Hesai are expected to benefit from accelerating configuration upgrades, while robotaxi makers like WeRide are expanding into new international markets [5][10]. Future Projections - It is anticipated that L4+ robotaxis will account for **8%** of China's total taxi and ride-sharing fleet by **2030**, indicating a strong future for autonomous driving technologies [10]. Risks and Challenges 1. **Regulatory Environment**: Potential regulatory headwinds could impact the rollout of robotaxi services, particularly concerning driverless vehicle regulations in China [13][16]. 2. **Market Competition**: The competitive landscape is intensifying, with rising competition among autonomous driving technology providers and traditional OEMs [11][15]. 3. **Supply Chain Issues**: There are risks related to supply chain disruptions and the success of OEMs' in-house hardware design initiatives, which could affect the availability and pricing of necessary components [15][16]. Conclusion - The robotaxi segment in China is poised for significant growth, supported by technological advancements, strategic partnerships, and favorable government policies. However, stakeholders must navigate regulatory challenges and competitive pressures to capitalize on the emerging opportunities in this rapidly evolving market [10][11].