Hong Hao: Now is not the time to buy gold, the bubble has not yet been fully digested, Bitcoin should wait until the end of the third quarter next yearSK Hynix has the upper hand in negotiations with NVIDIA, with HBM4 prices rising by over 50%Tesla Board to Shareholders: Either grant Musk a huge salary or accept his resignationThe worst sell-off since April! U.S. dollar index futures continue to decline, valuation concerns impact Asian markets, gold rises over 1%In the third quarter, Yum China added 536 stores, racing in the "cost-performance era."GEEKPLUS wins a large order exceeding 300 million yuan! Amazon and JD.com increase investment to open up market spaceChina's version of Tesla! In 2026, XPeng will collaborate with AutoNavi to launch Robitaxi and mass-produce humanoid robotsHow big is the U.S. stock market bubble? UBS provides seven observation indicatorsShopify (Minutes): Optimistic about the enterprise market + AI development in e-commerce"Bubble worries" are spreading, and warnings are rising. Has the AI investment feast in the US stock market come to an end?Amazon has filed a lawsuit to prevent Perplexity from using artificial intelligence tools for shoppingThe surge in AI server shipments has driven Hon Hai's October sales to a record high for a single month since the company's establishmentThe sluggish consumer industry: When will the spring breeze arrive?Guotai Junan Securities: The "Crisis" of Global Asset Liquidity and the "Opportunity" to BuyFunds fleeing tech stocks, U.S. Treasuries become a "safe haven," will the 10-year yield move towards 3.5% next?XPeng: Gaode has become the first global ecological partner of XPeng Robotaxi. In 2026, XPeng will launch three models of Robotaxi. By the end of 2026, XPeng aims to achieve large-scale production of advanced humanoid robotsShopify: Imperfection is Unacceptable, the Original Sin of High Valuation?Beware of the bubble! Deutsche Bank considers shorting AI stocks for risk hedgingClearing Key Obstacles! Google's $32 Billion Acquisition of Wiz Passes U.S. Justice Department Antitrust ReviewZhiYuan Robotics: From "Concept" to "Tool", Embodied Intelligence Accelerates "Scene Implementation"Elon Musk reveals new information about Tesla AI5; CDF plans its first interim dividend | Today's Important News RecapConcerns in the U.S. credit market persist as BDC earnings reports become a risk "test report"Allianz Investment: The AI trend is just beginning, optimistic about gold and the private equity marketFollowing South Korea, Singapore issues AI bubble warning: Technology stock valuations are too high, and the risk of market correction is increasing!Report: ICBC will open a vault at Hong Kong Airport to help Hong Kong build a global gold trading centerEarnings Preview | Value Strategy Favored by Customers, McDonald's Q3 Same-Store Sales Expected to Grow AgainGoogle plans to test solar-powered AI data centers in spaceThe U.S. government shutdown impacts the U.S. stock IPO market: SEC review stagnates, year-end listing channels blockedCiti: Expects Xiaomi Corporation-W's adjusted net profit in the third quarter to increase by 60%, with electric vehicles continuing to be a highlightNovo Nordisk AS reported third-quarter sales of DKK 74.98 billion, estimated at DKK 76.68 billionNVIDIA joins the India Deep Tech Alliance to provide guidance for AI startupsEli Lilly showcases its strength at the Expo: Tirzepatide and Donanemab lead the way, accelerating the localization of the entire industry chainBank of America: Rising market volatility indicates that a bubble is forming, but it is still in the early stagesUnderstanding the Market | Coal stocks are active again, with favorable supply and demand conditions; institutions are optimistic that coal prices are expected to continue rising10 billion yuan! This "property insurance giant" reveals the scale of long-term capital entering the marketFocus of the Sell-off: Global Chip Stocks Plummet, $500 Billion in Market Value "Vaporized"Understanding the Market | Lithium battery stocks rose in the afternoon, lithium hexafluorophosphate nearly doubled in one month, institutions say that some supply-demand conflicts in lithium battery materials may have easedRivian (3Q25 Minutes): Still Confident in Achieving the Goal of Halving R2 CostsUBS buyers continue to be bullish on gold: strong buying, "interest shift" expected in the Chinese marketReminder: Please pay close attention to the following (all in Beijing time)Hong Kong Stock Midday Review: Hang Seng Index down 0.28%, non-ferrous metal concept stocks reboundAMD (Minutes): No new orders disclosed, MI450 focuses on rack-level solutionsUnderstanding the Market | XPENG-W once fell over 5%, Technology Day will focus on achievements in areas such as RobotaxiUnderstanding the Market | SANHUA fell another 3% as Goldman Sachs pointed out that its robot expectations are too high, while the market focuses on Tesla's trillion-dollar compensation planThe "layoff wave" in the United States has erupted intensively, raising alarms in the job marketRivian: Narrowing Losses, R2 Mass Production Imminent, Is Rivian's Dawn Approaching?Apple is no longer focused on the high-end PC market, and the first "low-priced Mac" equipped with an iPhone chip is about to be launchedGlobal risk assets plummet, "scaring" gold buyers! After a sharp decline, gold prices stabilize and rebound