CITIC Securities International: Reiterates Alibaba-W's Preferred Status with a "Buy" RatingUnderstanding the Market | Li Auto-W fell nearly 4%, hitting a new low in over a year, down more than 40% from its peak this yearBacked by NVIDIA, Cassava plans to raise $700 million to build Africa's largest AI computing networkUnderstanding the Market | Technology stocks generally under pressure, Tencent Holdings Limited down over 2%, Alibaba-W turns to decline againiPhone 17 sales in China surged 37% in the first month, Apple regained a 20% market share high groundProLogis: The probability of the Federal Reserve cutting interest rates in December is 50%, and it is expected that there will be no rate cuts in the first half of next year, with policies to be observed in the second halfThe new generation iPhone drives Apple's smartphone sales in China to surge in October, with a market share reaching 25% that monthReminder: Please pay close attention to the following (all times are in Beijing time)Hong Kong Stock Market Mid-Review: Hang Seng Index Closed Down 1.47%, New Consumption Concept Stocks PlummetedNew Attempts to Boost Household Consumption: Spring and Autumn Breaks for Primary and Secondary SchoolsIn October, India's gold imports surged by 200%Understanding the Market | COSCO SHIPPING Development fell over 4% as Federal Reserve rate cut expectations cool, with the company having nearly $7 billion in floating rate dollar borrowingsEagle retreats, dove advances! The Federal Reserve's "major overhaul" is imminent, will the rate-cutting faction leverage Trump's influence to gain the upper hand?Ctrip (Minutes): Marketing expenses will continue to rise in the peak season of 4QUnderstanding the Market | Photovoltaic stocks collectively decline, Tongwei's Liu Hanyuan states that silicon material storage will not touch on antitrust issues, Nomura states that inventory remains high and demand is weakUBS is optimistic about the continued rise of the Chinese stock market next year, with strategies focusing on "going overseas," "anti-involution," and "global AI stock corrections" as the main risksIs the market overestimating AI? Goldman Sachs' macro team provides a "simple calculation"The Japanese yen and Japanese government bonds hit new lows, raising market concerns about "debt risk," with Takashi Sato feeling "immense pressure."After the "redemption restriction," the popular private equity firm Blue Owl's stock price plummeted, returning to 2023 levelsUnderstanding the Market | Chip Stocks Strengthen Against the Trend, Hua Hong Semiconductor Rises Over 7%, SMIC Rises Nearly 4%Understanding the Market | Coal Stocks Lead the Decline, Institutions Say Coal Prices Are Approaching a Short-Term Peak, But the Medium-Term Upward Trend Remains UnchangedAnt Group is set to seize the AI super entrance: the all-modal general AI assistant "Lingguang" is officially launched, capable of generating applications in 30 secondsAfter a 36% drop, POP MART still receives strong support from Wall Street: Labubu will launch version 4.0 next year, and its value has not yet been fully realizedUnderstanding the Market | Gold stocks continue to decline, and the probability of a Federal Reserve rate cut in December decreases. Institutions expect the adjustment of precious metals to continueFirst bond issuance in three years! Amazon raises $15 billion to "inject blood" into AI, with capital expenditures expected to reach $147 billion next yearJensen Huang unveils a $500 billion AI computing blueprint, NVIDIA stands at the crossroads of the AI boom and bubble controversyCtrip: Awaiting the Release of Overseas ProfitsUnderstanding the Market | XPENG-W opened down over 7%, with third-quarter losses narrowing to 380 million yuan, and expects fourth-quarter revenue to reach up to 23 billion yuanThe Hang Seng Index opened down 0.8%, and the Hang Seng Tech Index fell 1.25%The "layouts" of the big shots are similar: media, AI, robotics, electric vehicles, and spaceNight market fluctuations | XPeng rose nearly 2%, yesterday's stock price fell over 10%, Trip.com rose over 4%, Q3 net profit increased nearly 2 times year-on-yearArm partners with NVIDIA: Deep integration of NVLink technology in AI data center chipsXPeng's revenue forecast misses expectations, dragging down ADR; Citigroup slightly lowers target priceCICC: The "Ignored" Bull MarketAs aluminum prices soar in the United States, Rio Tinto imposes an "additional fee" on North American aluminum productsJP Morgan traders: "Liquidity pressure" is the main reason for the sharp decline in U.S. stocks in NovemberGoldman Sachs clients' "core anxiety" about the marketTech stocks, cryptocurrency, and gold face a "triple kill," U.S. stocks fall below key support levels, and the American market experiences a "full-scale sell-off.""The leading Bitcoin concept stock" MSTR has already plummetedSouth Korea's KOSPI index is under pressure and declining as supplier stock prices fall ahead of NVIDIA's earnings reportQuantitative fund sell-offs and weak tech stocks may exacerbate the decline, and U.S. stocks could face a 10% deep correction!During a sensitive period, the market was severely impacted. Amazon issued bonds worth $15 billion, and the "Big Four" issued over $80 billion in bonds in two months. Bank of America stated that "the best trade next year is to short the bonds of cloud giants."Federal Reserve's Jefferson: Weak labor market shifts risk balance, further rate cuts need to be "cautiously advanced"Nasdaq vs BitcoinUS Stock Fund Activity List | Tesla rises over 1%, Musk plans to build a chip factory for TeslaThe US stock market is now a "retail investor market."The cryptocurrency market is in "extreme fear," preparing for Bitcoin to drop to "80,000 USD."XPeng (3Q25 Minutes): Launching seven 'dual-energy' models by 2026The stock market is far ahead of the economy in reflecting the value of AI