Alibaba's AI Super Portal -- Qianwen APP officially launched, free accessEverbright Securities: Supply growth remains constrained, optimistic about investment opportunities in copper, aluminum, and steelThe AI bubble theory resurfaces! Silicon Valley venture capital guru Peter Thiel liquidates his holdings in Nvidia and embraces the "safe haven" Apple"Cost of living" has become a key focus for Trump, Bank of America: The White House will increase "price intervention," the trade war is "over."Hong Kong Stock Market Mid-Review: Hang Seng Index closed down 0.8%, tourism and sightseeing stocks led the market declineEarnings Preview | AI chip giant NVIDIA faces another major test, Wall Street bets on "better than expected + upward guidance"The US stock market faces a "critical defense line," testing the determination of bulls. If it breaks below, it will confirm a downward trend until "early next year."The Hang Seng TECH Index after the pullback shows significant cost-effectivenessHedge Fund CIO: Everyone is preparing for 2026, "Trump will win the midterms at all costs," "People expect a surge in the first quarter, then sell in May."Another Federal Reserve official "falls" due to illegal stock trading! Kuger resigns after being exposed for multiple violations of the quiet period regulations"If you are a modeling company, you may have a winner's curse" – Interpreting Microsoft's "50-Year AI Architecture" Strategic ThinkingJapan's GDP shrank for the first time in six quarters, with a decline smaller than expected, and the 10-year Japanese government bond yield hit a 17-year highJP Morgan interprets CATL: Large energy storage orders, H-share unlock, and inclusion in the Hang Seng Tech IndexUnderstanding the Market | Gold stocks collectively decline, CHINAGOLDINTL falls over 4%, spot gold experienced a significant pullback last FridayCITIC International: The 27,000 level in Hong Kong stocks faces significant resistance; technology stocks need new catalysts to riseUnderstanding 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."