Key News
1. The Federal Reserve maintained interest rates at 3.5% to 3.75% as expected, with one rate cut each in 2026 and 2027.
2. US initial jobless claims for the week ending March 14th were 205,000, lower than expected.
Stock News
1. Alibaba (BABA.N) Q3 revenue increased by 2% year-on-year to RMB 284.84 billion, with Alibaba Cloud revenue surging 36%; its self-developed Pingtouge GPU has entered mass production.
2. Micron Technology (MU.O) CEO: In the foreseeable future of fiscal year 2026, NAND flash memory demand will significantly exceed available supply.
3. Meta Platforms (META.O)'s AI agent leaked sensitive company and user data to unauthorized employees.
4. Musk: SpaceX AI and Tesla (TSLA.O) are expected to place large and continuous orders for Nvidia (NVDA.O) chips; we may complete the tape-out of the AI6 chip in December.
5. Micron Technology (MU.O) reported second-quarter revenue of $23.86 billion, exceeding market expectations of $19.16 billion and compared to $8.053 billion in the same period last year; the company expects third-quarter revenue of $32.75 billion to $34.25 billion.
6. Lululemon (LULU.O): Projects 2026 revenue of $11.28 billion to $11.48 billion, with EPS of $12.00 to $12.30; Q1 revenue of $2.435 billion to $2.465 billion.
7. Xiangshang Rongke (TIGR.O): Q4 2025 revenue of $176 million, a year-over-year increase of 41.5%; non-GAAP net profit attributable to the parent company for the quarter was $48.9 million.
8. Uber (UBER.N) will invest up to $1.25 billion in Rivian to deploy up to 50,000 fully autonomous robotaxis.
