Understanding the Market | Alibaba-W rises over 1%, Qianwen APP officially launches public testing today, entering the AI to C marketFrom Mag 7 stock prices soaring to Buffett's "Last Dance" building a position in Google, Wall Street giants are firmly betting on the AI waveJapan's GDP declines for the first time in six quarters, a large-scale economic stimulus plan is imminentUnderstanding the Market | INNOSCIENCE rises over 5% as Bank of America is optimistic about the company's long-term growth prospects, with collaboration with NVIDIA bringing potential for revenue increaseLiquidate Nvidia! "The tech tycoon behind the White House" Peter Thiel significantly reduced his holdings in the third quarter, and newly bought Microsoft and AppleCaitong Securities: Maintains Tencent Holdings "Buy" Rating, 3Q25 Performance Exceeds ExpectationsSaudi Sovereign Fund Withdraws Significantly from U.S. Stocks in Q3: Liquidates Nearly 12 Stocks, Reducing Holdings to a New Low for the YearAlmost all factors are "favorable," and the U.S. bond market is expected to achieve its "best performance" since 2020After the recent pullback, what is the valuation of "AI shovel stocks"?U.S. stock night market | Alphabet A surged nearly 6%, Berkshire Hathaway bought a large amount of the stock in the third quarterThe path of interest rate cuts changes: the election situation outweighs everythingThe Nasdaq rebounded on Friday, "temporarily halting" large-scale liquidations, Bank of America: "Bottom-fishing" can wait for the next wave of CTA liquidations"Performance and its stunning," Google’s large model rarely creates "momentum" before its release, will Gemini 3.0 debut this week?Bescent stated that "Congress approval is needed," and Trump's $2,000 tax rebate has become a "bad check"?This year's peak increase of 30% has been "completely wiped out," and Bitcoin has fallen into a bear marketU.S. Treasury bulls hold their breath as the "data tide" leads to intense competition between rate cut expectations and uncertaintiesWill the grand narrative be reversed?Next week's heavy schedule: The most important financial reports and data are comingIn the "data vacuum," US and Chinese stocks face a major test, with NVIDIA and retail earnings reports becoming the touchstone of bull market confidenceAustralia's Syrah Resources and Tesla will further extend the deadline for the graphite supply agreementReminder: Please pay close attention to the following (all times are in Beijing time)Disney (Minutes): Committed to double-digit percentage growth in earnings next yearDisney: Short-term Pressure but Guidance Unchanged, Can Iger Turn the Tide Before Leaving?Apple will switch to releasing iPhones in spring and autumn starting in 2026Guotai Junan Securities: Global risk appetite has fallen again, A-share style continues to rebalance, and the market is spreading to consumer assetsGuojin Strategy: Investment and Consumption, Electricity and Computing PowerThis year's effective indicator: Which industries have orders that are continuously improving?Canadian Prime Minister: Canada must respond to U.S. tariff policyThe Federal Reserve's restart of "quantitative easing" is not far off, with an announcement as early as December?Lei Jun is angry! Just posted multiple Weibo updatesCDS revival? The "AI bond issuance wave" reignites the market's "subprime memories"Chip manufacturing, Musk is "serious," 2026Chip manufacturing, Musk is "serious," 2026Next week's focus: "NVIDIA earnings report," Morgan Stanley: It will be the strongest in the past few quarters, breaking the perception of "growth peaking."Valuation disturbances hit the US stock market again. Can NVIDIA's latest financial report become a turning point?"Data missing" disrupts interest rate cut plans, Goldman Sachs: Originally it was supposed to "cut rates in December, pause in January," now it's uncertainStorage chips are still rising in price! Kioxia has dug a "golden pit"?Goldman Sachs traders: The "core bull market logic" has been challenged in the past two weeksStarting next Thursday, the "data frenzy" in the United States is coming, which is crucial for the marketUnited Imaging targets the "King of Ultrasound" with a hidden agendaGuotai Junan Securities: The bull market is still on, and the path of the technology main line is shifting from computing power to applicationsGuotai Haitong: Liquidity crisis alleviates, gold returns to upward trendA U.S. jury ruled that Apple Inc. must pay $634 million to Masimo in a smartwatch patent caseBilibili (Minutes): Content payment is an important growth engine for the futureBilibili: Is the Little Broken Station Going to Develop Again?Deutsche Bank: Three major pillars are weakening, and the US dollar has entered a downward channelStrange phenomenon: Trump repeatedly emphasizes interest rate cuts, but the candidates for the new chair of the Federal Reserve collectively discuss "balance sheet reduction."How do hedge funds view Chinese concept stocks in Q3? Oak Tree Capital adjusts its positions, David Tepper "slightly reduces his holdings" but remains heavily invested, while Bridgewater has already distanced itselfMasayoshi Son's "OpenAI Alchemy": Selling off $5.8 billion of NVIDIA is a "conspiracy," with $8 billion in profits booked in advance hiding a "trick"