Bridgewater increases Nvidia and gold stocks; seven platforms including Alibaba face talks.

U.S. Supreme Court to Announce Ruling on Trump Tariffs

The U.S. Supreme Court has scheduled February 20 for the release of a new batch of rulings, potentially impacting President Trump's comprehensive tariff system. Market predictions from Polymarket indicate only a 28% chance that the court will support Trump's tariff policies. A negative ruling could trigger over $130 billion in tariff refunds and reshape U.S. trade policy.

Wang Yi Meets U.S. Secretary of State Rubio

During the Munich Security Conference, Chinese Foreign Minister Wang Yi met with U.S. Secretary of State Marco Rubio. Wang emphasized the importance of implementing the strategic guidance provided by Presidents Xi and Trump for U.S.-China relations. He advocated for dialogue over confrontation and cooperation over conflict, aiming for a stable and sustainable relationship by 2026.

U.S. Treasury Secretary Signals Inflation Return to 2%

U.S. Treasury Secretary Besant recently indicated that inflation could return to the 2% target by 2026, suggesting potential adjustments to current tariff policies. He noted that easing supply chain bottlenecks and declining energy costs are reducing inflationary pressures. The Treasury may consider tariff exemptions for certain allies or products.

Bridgewater Increases Holdings in Nvidia and Gold Stocks

Bridgewater Associates, the world's largest hedge fund, disclosed its latest U.S. stock holdings, revealing increased investments in popular AI stocks like Nvidia (NVDA), Amazon (AMZN), and Micron Technology (MU), as well as gold producer Newmont Corporation. The total value of Bridgewater's holdings reached $27.4 billion in Q4.

Upcoming U.S.-Iran and U.S.-Russia-Ukraine Talks

New rounds of negotiations between the U.S. and Iran, as well as between the U.S., Russia, and Ukraine, are set to take place in Geneva on February 17. U.S. representatives, including Trump's envoy and son-in-law Jared Kushner, will engage with Iranian officials, while a separate meeting will involve discussions with Russian and Ukrainian representatives.

Federal Reserve's Interest Rate Decisions

According to CME's FedWatch tool, there is a 90.2% probability that the Federal Reserve will maintain interest rates in March, with a 9.8% chance of a 25 basis point cut. The likelihood of a cumulative 25 basis point cut by April stands at 26.4%.

Mixed Performance in U.S. Stock Market

The three major U.S. stock indices closed mixed, with the Dow Jones up 0.1% but down 1.23% for the week. The Nasdaq fell 0.22%, and the S&P 500 rose 0.05%. Notable declines were seen in tech stocks, including Nvidia and Apple, while cryptocurrency and precious metals sectors saw gains.

AppLovin Reports Strong Q4 Performance

AppLovin (APP) reported a strong Q4 with a 66% year-over-year revenue increase to $1.66 billion, exceeding analyst expectations. The company anticipates Q1 revenue between $1.745 billion and $1.775 billion, maintaining a high EBITDA margin.

Meituan Forecasts Significant Losses

Meituan (03690.HK) issued a profit warning, predicting a net loss of approximately RMB 233 billion to 243 billion for 2025, a stark contrast to its previous profitability.

ByteDance Expands Chip Development Team

ByteDance's chip development team is set to scale up hiring, focusing on custom hardware for cloud applications. The team has successfully moved several projects into mass production.

Doubao Model 2.0 Officially Released

Doubao has officially launched its 2.0 model, optimized for large-scale production environments, featuring various models tailored for different business scenarios.

Upcoming Financial Events

From February 15 to 20, the first India AI Summit will take place in New Delhi, with participation from global tech leaders. BHP is set to release its earnings report after U.S. market hours.