Market Overview - After six days of gains, the US stock market appears to be in a correction phase due to escalating trade tensions, weak US economic data, and a disappointing earnings forecast from Advanced Micro Devices (AMD) [1][2] - On Monday, US stock index futures fell, while European stocks opened higher, with the euro slightly rising against the dollar [1] Company Performance - Several companies, including General Motors Co. and JetBlue Airways Corp., have withdrawn their earnings guidance amid increasing trade friction, with United Parcel Service Inc. announcing a layoff of 20,000 employees this year [2] - Mercedes-Benz Group AG also retracted its earnings outlook for the year due to uncertainties related to trade barriers [2] - Advanced Micro Devices (AMD) saw its stock drop over 15% following an earnings forecast that significantly missed expectations [5][9] Commodity Prices - WTI crude oil experienced a decline of 2.0%, trading at $59.2 per barrel [4] - Spot silver fell by 2.00%, priced at $32.27 per ounce [2] - Spot gold dropped by 0.9%, briefly falling below $3,290 per ounce [7]

Group 1 - The core viewpoint of the article indicates that Supermicro's stock has dropped over 15% in pre-market trading due to a downward revision of its third-quarter revenue forecast to $4.5 billion to $4.6 billion, which is lower than the previous estimate of $5 billion to $6 billion [1]

Market Performance - The three major U.S. indices rose, with the Dow Jones and S&P 500 increasing for the sixth consecutive day, closing at 40,527.62 points (up 0.75%) and 5,560.83 points (up 0.58%) respectively [1] - European markets showed mixed results, with Germany's DAX30 up 0.72% and France's CAC40 down 0.24% [1] Economic Indicators - The U.S. consumer confidence index fell to 86.0, the lowest level since May 2020, reflecting growing concerns over tariffs and economic outlook [4] - Job vacancies in the U.S. dropped to the lowest level since September of the previous year, indicating weakened labor demand amid economic uncertainty [5] Corporate Developments - UPS announced a significant layoff of approximately 20,000 employees, marking it as the first major U.S. company to implement large-scale layoffs due to the impact of tariff-related trade slowdowns [9] - Adidas' CEO expressed that U.S. tariff policies are creating uncertainty, affecting the company's ability to adjust revenue and profit forecasts [10] - Walmart decided against disclosing tariff-related costs on product pricing to avoid aggravating the Trump administration, while striving to keep product prices low [10][11] Industry Investments - The U.S. battery industry plans to invest $100 billion over the next decade to establish a fully domestic supply chain, which is expected to create 350,000 jobs [6]

Core Viewpoint - The graphics card market in China is experiencing significant price increases, with the latest 50 series graphics cards, particularly the 5090 model, seeing prices soar to around 30,000 yuan, which is nearly double the manufacturer's suggested retail price [4][10][11]. Group 1: Price Trends - The price of the 5090 graphics card has surged to approximately 30,000 yuan, compared to the official suggested price of about 17,000 yuan [9][10]. - The 5080 and 5090 models, originally priced at 8,299 yuan and 16,499 yuan respectively, are now being sold for around 14,000 yuan and 30,000 yuan in the secondary market [10]. - The price fluctuations are attributed to market speculation and the presence of scalpers, with reports indicating that prices can change almost daily [9][12]. Group 2: Market Dynamics - The rise in graphics card prices is driven by a combination of high demand from gamers and the activities of scalpers who hoard stock to sell at inflated prices [5][14]. - Scalpers are exacerbating the situation by creating a sense of urgency among consumers, claiming that prices will continue to rise [5][18]. - Many retailers are engaging in bundling strategies, requiring customers to purchase entire computer systems to obtain a graphics card at a lower price, which still remains above market norms [14][15]. Group 3: Consumer Sentiment - Gamers are expressing frustration over the soaring prices, with many opting to delay purchases or resist buying from scalpers altogether [16][18]. - There is a growing divide among consumers, with some fearing further price increases and choosing to buy despite the high costs, while others advocate for a boycott of overpriced graphics cards [16][18]. - Social media platforms have become battlegrounds for discussions between gamers and scalpers, with many players calling for a rejection of the inflated prices [18][19]. Group 4: Market Risks - The current market environment poses risks for both consumers and scalpers, as the potential for price corrections exists if supply stabilizes [22][24]. - Historical data suggests that speculative buying can lead to significant financial losses, as seen in past market behaviors where prices eventually fell after initial spikes [23][24]. - The introduction of competitive products, such as AMD's 9070XT graphics card priced under 6,000 yuan, may provide alternatives for consumers and further pressure Nvidia's pricing strategy [21].

证监会：以优质头部公司为"主力军"推动上市公司之间吸收合并 国家统计局：2月制造业PMI为50.2% 比上月上升1.1个百分点 2月份，制造业采购经理指数（PMI）为50.2%，比上月上升1.1个百分点，制造业景气水平明显回升。从企业 规模看，大型企业PMI为52.5%，比上月上升2.6个百分点，高于临界点；中、小型企业PMI分别为49.2%和 46.3%，比上月下降0.3和0.2个百分点，均低于临界点。 十四届全国人大三次会议新闻发布会将于3月4日12时举行 十四届全国人大三次会议将于2025年3月4日（星期二）12时在人民大会堂新闻发布厅举行新闻发布会，由大会 发言人就大会议程和人大工作相关问题回答中外记者提问。 DeepSeek首次披露：理论成本利润率545% 证监会发布对十四届全国人大二次会议第3472号建议的答复，下一步，中国证监会将认真贯彻落实《国务院关 于加强监管防范风险推动资本市场高质量发展的若干意见》，持续深化并购重组市场化改革，多措并举活跃并 购重组市场，落实好突破关键核心技术的科技型企业并购重组"绿色通道"，以优质头部公司为"主力军"推动上 市公司之间吸收合并，开展股份对价分期支付研究， ...