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 Rubio. Wang emphasized the strategic guidance provided by Presidents Xi and Trump for U.S.-China relations, aiming for 2026 to be a year of mutual respect, peaceful coexistence, and win-win cooperation. Both sides agreed to enhance dialogue and cooperation across various fields to stabilize and develop U.S.-China relations.

U.S. Treasury Secretary Signals Inflation Return to 2% by 2026

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 will work closely with the Federal Reserve to ensure price stability, hinting at possible 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 significant increases in positions in $Nvidia (NVDA)$, $Amazon (AMZN)$, and $Micron Technology (MU)$. The fund's total holdings reached $27.4 billion, up from $25.5 billion in the previous quarter.

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

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

Federal Reserve's Interest Rate Decisions

According to CME's FedWatch, 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. By June, the probability of a cumulative 25 basis point cut rises to 51.8%.

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%. Notably, many tech stocks, including Nvidia and Apple, saw declines.

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, expecting 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 produced multiple chips for mass deployment.

Doubao Model 2.0 Officially Released

The Doubao Model 2.0 has been officially launched, featuring systematic optimizations for large-scale production environments and 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 tech leaders like Nvidia's CEO Jensen Huang and Google's CEO Sundar Pichai confirmed to attend. Additionally, $BHP (BHP)$ will release its earnings report after U.S. market hours.