China's Ministry of Industry and Information Technology (MIIT), National Development and Reform Commission, and State Administration for Market Regulation recently held a symposium with enterprises in the new energy vehicle (NEV) industry.

The meeting revolved around further regulation of competition in the NEV industry, innovation capability boosts, automobile consumption expansion, and industry management optimization.

Specific tasks include consolidating and deepening the effectiveness of regulating industry competition, strengthening price monitoring and cost investigation, ramping up efforts in addressing shortcomings in automotive chips and basic software and in expanding application scale, and optimizing pilot entry processes.
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NVIDIA (NVDA.US) disclosed during an analyst meeting that its procurement orders and demand for Blackwell and Vera Rubin until 2027 surpass USD1 trillion, JP Morgan said in its research report.

However, this figure is only a lower bound, as it does not include Groq LPU racks, standalone Vera CPUs, storage systems, and Rubin Ultra, all of which represent additional revenue sources.

NVIDIA is targeting capital returns of about 50% of FCF via share buybacks and dividends, an expansion from about 42% in 2026, implying a combined total of over USD200 billion for 2026 and 2027.

The broker believed that several incremental revenue sources for NVIDIA, which were not considered a year ago, provide substantial upside to current market expectations, and the company's competitiveness is continuously expanding.

JP Morgan reiterated Overweight on NVIDIA, with a target price of USD265.
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Since the beginning of this year, car companies such as Tesla (TSLA.US), Xiaomi Auto and LI AUTO-W (02015.HK) have intensively launched seven-year car loans, aiming to lower the threshold for car purchases with low interest rates and low monthly payments, sparking a financial promotion boom in the auto market, according to China Securities Journal.

However, the report added that banks are cautious in entering the market due to the risks of collateral depreciation and default. Experts advised consumers to carefully calculate total expenditures, understand the nature of contracts, and guard against the risks of ultra-long-term loans.
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In 2025, a wide range of Chinese automobile dealers failed to meet their annual sales targets, faced a continued price inversion, and incurred deepened losses in new car businesses, according to a survey report by the China Automobile Dealers Association (CADA).

Specifically, the survey report shows that over half of the dealers didn't achieve their 2025 annual sales targets, while only 44.3% of them were able to do so, a performance worse than in 2024.

In addition, 81.9% of dealers experienced varying degrees of price inversion, while 51.5% of them had a price inversion margin of over 15%. Severe price inversion led to intensified losses in new car sales businesses, eventually eroding dealer profits.
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The Federal Reserve announced on Wednesday that it would keep its key interest rate unchanged. While the central bank forecasts inflation to ease this year, the progress is slower than expected, Chairman Jerome Powell conceded at a press conference, adding the Iran war has led to a surge in oil prices, which was expected to exacerbate inflation in the short term.

Subsequently, US stocks logged deeper downswing, with the DJIA slumping 768 points or 1.6% to 46,225, marking a new closing low for the year. The S&P 500 sank 91 points or 1.4% to 6,624. The Nasdaq slid 327 points or 1.5% to 22,152.

Amazon (AMZN.US) joined forces with OpenAI in a deal worth USD50 billion, and Microsoft (MSFT.US) reportedly considered legal action, claiming the deal may violate its exclusive cloud cooperation agreement with OpenAI. Amazon led the decline among the seven major tech stocks, losing 2.5% for the day, while Microsoft lost 2%.

NVIDIA (NVDA.US) reportedly received government approval to sell its H200 chips in China, with NVIDIA's stock price down 0.8%.
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The retail sales of new energy passenger vehicles in China reached 285,000 units in the first half of March, down 28% YoY, according to the data released by the China Passenger Car Association (CPCA). The total retail sales YTD amounted to 1.345 million units, down 26% YoY.

In the first half of March, the retail sales in the passenger vehicle market nationwide were 561,000 units, down 21% YoY. Total retail sales YTD were 3.14 million units, down 19% YoY.
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Apple Inc. (AAPL.US) CEO Tim Cook appeared this afternoon (18th) at the Apple retail store in Taikoo Li Chengdu. His visit is primarily to attend a special event marking Apple's 50th anniversary, sources divulged.

Earlier, in an interview with the media, Cook had dismissed rumors about his impending retirement, stating that such claims are purely speculative.
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Samsung Electronics (SSNLF.US) is considering extending its memory chip contracts from the current quarterly or annual agreements to 3-5 years, as demand surge for AI memory chips is expected to persist throughout 2026, Bloomberg reported, citing remarks from Co-CEO Jun Young-hyun at the annual general meeting.

According to the report, SK Hynix, Samsung, and Micron Technology (MU.US) jointly lead the global supply of memory chips. In recent years, these three companies have shifted production towards specialized memory designed for Nvidia (NVDA.US) AI accelerators, resulting in a shortage of traditional storage products.
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Amazon (AMZN.US) CEO Andy Jassy stated during an internal all-hands meeting that he forecasts AI to help the cloud computing division Amazon Web Services (AWS) achieve annual sales of USD600 billion, doubling his previous estimate, Reuters reported.

Jassy has believed for many years that AWS could become a company with stable operations and annual revenue of approximately USD300 billion in about ten years. However, given developments in the field of AI, AWS is likely to at least double its revenue scale.

Last year, AWS's revenue grew by 19% YoY to USD128.7 billion. According to Jassy's forecast, the average annual growth rate over the next ten years will be close to 17%.
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Nvidia (NVDA.US) has obtained permission to sell H200 AI chips to a number of Chinese customers and is currently in the process of restarting production, according to foreign media reports, citing remarks from CEO Jensen Huang on Tuesday.

Huang noted that the situation has changed compared to a few weeks ago. It is said that Nvidia is striving to restore its AI processor sales in the Chinese market, but the US government is still restricting the export of related products.
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