Last night, there were frequent blockbuster incidents.
On May 10, local time, U.S. stocks suddenly dived intraday after opening high, and the Nasdaq index fell significantly. At the close, Tesla fell more than 2% and has fallen for four consecutive sessions.
On the same day, Jinglin Assets disclosed 13F documents showing that the company opened a position in 13 stocks in the first quarter, including Alibaba, JD.com, Tencent Music and other Chinese concept stocks.
OpenAI, an artificial intelligence company, announced on its official website that it will announce a product update during a live broadcast on Monday, May 13.
James Harris Simons, the co-founder of the foundation, founder of Renaissance Technologies, and the "King of Quantification", died in New York City on the same day at the age of 86, the Simmons Foundation announced on its official website.
U.S. stocks dived intraday, and Tesla fell four times in a row
On May 10, local time, the three major U.S. stock indexes opened slightly higher, and collectively dived after rising in the short term, and the Nasdaq index fell significantly, and then rebounded. According to Wind data, as of the close, the Nasdaq index fell 0.03%, the Dow Jones Industrial Average and the S&P 500 index rose 0.32% and 0.16% respectively.
来源：Wind
Tesla closed down 2.04%, having fallen for four consecutive sessions. As of the close of the U.S. stock market on May 10, Tesla was quoted at $168.47, with the latest total market capitalization of $537.3 billion.
Novavax Pharmaceutical rose more than 146% intraday and closed up 98.66%. On the news side, the company announced on the same day that it had reached a cooperation agreement worth $1.2 billion with the French pharmaceutical giant Sanofi, and the two sides will jointly develop a combination vaccine against coronavirus and influenza from next year.
Analysts said that consumer sentiment, which is seen as a barometer of the U.S. economy, has been hit by high inflation stickiness, while Fed officials have "hawkish" sentiment, dampening U.S. stock market sentiment.
The preliminary value of the University of Michigan Consumer Sentiment Index for May released on May 10, local time, was 67.4, significantly lower than the expected 76, and far lower than the previous month's 77.2. Paul Ashworth, chief North America economist at Capital Economics, said: "It's really hard to explain because there's little evidence of any major recession in the labor market, and consumers may also be uneasy about the fall in equities in mid-April." ”
Fed Governor Bowman said that the inflation data in the first few months of the year was disappointing and that it will take longer to be confident that inflation will fall to target; Dallas Fed President Logan said it was too early to consider cutting interest rates, given the poor inflation data in the first few months of the year.
Greenwoods Asset Management opened a number of Chinese concept stocks in the first quarter
Hedge fund Greenwoods Asset Management Hong Kong Co., Ltd. disclosed 13F documents on May 10, local time, showing that the company opened 13 stocks in the first quarter, including Chinese concept stocks such as Tencent Music, JD.com, and Alibaba, as well as chip giants such as AMD and ASML.
Some of Greenwoods Assets' holdings as of the end of the first quarter Source: WhaleWisdom
In the first quarter, Greenwoods Assets increased its position in 12 stocks such as Meta, TSMC, Nvidia, and Futu Holdings, the parent company of Facebook; Reduce positions in 8 stocks such as Pinduoduo, Microsoft, and Tesla. In the clearance list, Google's parent company Alphabet and iQiyi appeared.
OpenAI将于下周一宣布ChatGPT和GPT-4的更新
On May 10, local time, artificial intelligence company OpenAI announced on its official website that it would announce product updates in a live broadcast on Monday, May 13.
Source: OpenAI official website
According to OpenAI, there will be no new products released this time, but updates around ChatGPT and GPT-4. More than a year has passed since the company released its last flagship model, GPT-4, and the tech community is generally looking forward to the new version.
OpenAI CEO Sam Altman posted on social media X on the same day: "It's not GPT-5, it's not a search engine, we're trying to develop something new that we think people will love!" ”
The "King of Quantification" died
On May 10, local time, the Simmons Foundation announced on its official website that James Harris Simons, the co-founder, mathematician and investor of the foundation, died in New York City on the same day at the age of 86.
Source: Simmons Foundation website
Simmons himself often said that his career went through three stages: mathematician, investor and philanthropist, the press release reads.
As a mathematician, he served as chair of the Department of Mathematics at Stony Brook University in New York. During this time, Simmons made a number of mathematical breakthroughs that have had a profound impact on scientific research such as string theory, topology, and condensed matter physics.
In the investor stage, Simmons founded Renaissance Technologies in 1978, a hedge fund firm that pioneered quantitative trading and became one of the most profitable investment firms in history.
Subsequently, during his philanthropist career, he turned his attention to changing the world through the Simmons Foundation, the Simmons International Foundation, the American Mathematical Organization, and other philanthropic causes.
It is reported that in the investment community, Simmons is the most well-known as the "founder of Renaissance Technology Company" and the "father of quantitative investment". Simmons transitioned from academia to the world of investment at a young age. Rather than adopting the standard approach of a fund manager, he prefers quantitative analysis, which is looking in the data to predict the path of price changes. Due to the great success of this method, he himself became known as the "King of Quantification".
Reviewer: Xu Zhao
Editor: Wang Zhuying, Wang Yin
Proofreading: Jiao Yuanyuan
Issued by: Fei Yangsheng