What's on the News?

• Nvidia Corporation(NVDA) fell 1.33% on Thursday, marking its fifth straight losing day with a cumulative decline of 10.72%. Due to the global shortage of memory chips triggered by the AI boom, Nvidia will not release new graphics chips for gamers this year and is cutting production of its current-generation GeForce RTX 50 series graphics cards.
• Tesla, Inc.(TSLA) declined 2.17%. The US Senate held a hearing on autonomous driving, with senators questioning Tesla's Full Self-Driving system for lacking LiDAR and geofencing. Additionally, Elon Musk denied on X that SpaceX is developing a Starlink-connected mobile device to compete with smartphones.
• Class A shares of Alphabet Inc.(GOOGL) fell 0.54%. Alphabet reported Q4 and full-year 2025 revenue and profit exceeding expectations, but forecasts 2026 capital expenditures between US$175 billion and US$185 billion, nearly double 2025's US$91.4 billion and surpassing the total of the previous three years. The surge in cloud business was mainly driven by increased demand for enterprise AI infrastructure, enterprise AI solutions, and core Google Cloud Platform products.
• Microsoft Corporation(MSFT) dropped 4.95%. Stifel Financial Corporation lowered its target price for Microsoft from US$540 to US$392 per share and downgraded its stock rating from Buy to Hold, citing supply issues with Azure and strong competition from Google Cloud Platform Gemini and Anthropic.
• Amazon.Com, Inc.(AMZN) fell 4.42%. Amazon expects capital expenditures to reach US$200 billion this year, far exceeding market expectations of US$144.67 billion, and plans similar large-scale spending in 2026, indicating that US tech firms will not slow their massive AI investments in the short term.
• Apple Inc.(AAPL) slipped 0.21%. The European Commission stated that Apple Ads and Apple Maps should not be subject to the Digital Markets Act (DMA) due to relatively low usage of Apple Maps in the EU and the limited scale of Apple Ads in the EU online advertising market.
• Broadcom Inc.(AVGO) rose 0.80%. Google is expected to spend up to US$185 billion this year, much higher than analysts' previous estimate of US$119.5 billion, with the massive funds flowing into multiple partner companies, and Broadcom is expected to be one of the beneficiaries.
• Palantir Technologies Inc.(PLTR) fell 6.83%, with a year-to-date decline of nearly 30%.
• Advanced Micro Devices, Inc.(AMD) dropped 3.84%, extending Wednesday's sharp decline. Despite better-than-expected earnings, its Q1 guidance fell short of high AI expectations, causing the stock to plunge 17.3% on Wednesday. AMD CEO Lisa Su said 2026 will be a "turning point year" for the ramp-up of next-generation data center GPUs.
• Eli Lilly And Company(LLY) declined 7.79%. Online telemedicine company Hims & Hers announced it will launch a new generic version of Wegovy priced at just US$49, far below Novo Nordisk's brand-name drug price of US$149. Following the news, shares of Novo Nordisk A/S Sponsored ADR Class B(NVO.US) and its main rival Eli Lilly both fell, while Hims & Hers Health, Inc. Class A(HIMS.US) shares surged.
• Strategy(MSTR.US) plummeted 17.12%. The virtual currency sector in US stocks fell broadly on Thursday, with Bitcoin dropping below US$63,000, down 14.19% for the day. Strategy reported a net loss of US$12.4 billion for Q4 of fiscal year 2025 after the market closed on Thursday, compared to US$670.8 million in the same period last year, and holds 713,502 Bitcoins with a total value of US$54.26 billion.
• Coinbase Global, Inc.(COIN) fell 13.34%.