Nio's intelligent driving chip supplied externally for the first time; Nvidia's earnings report countdown｜Today's important news review

1119 ｜Dolphin Research Focus:

🐬 Individual Stocks

1.$Microsoft(MSFT.US) 、$NVIDIA(NVDA.US)

Microsoft, NVIDIA, and AI startup Anthropic announced a strategic partnership. Microsoft and NVIDIA jointly invested $15 billion in Anthropic, which committed to purchasing $30 billion worth of Azure computing power. The three parties have formed a capital and technology-bound AI alliance, creating a closed loop of "capital - computing power - model," strengthening Microsoft's cloud and NVIDIA's hardware advantages, and elevating Anthropic to the top tier, driving the AI industry from "one dominant player" to "a competitive landscape."

2.$Alphabet(GOOGL.US)

Google launched the latest version of its AI model, Gemini 3, which features a million-level context window, leading multimodal capabilities, and Agent functions. It has quickly been implemented in profitable products such as search engines and is open to subscription users. Focusing on technology implementation and commercialization, it addresses Google's AI commercialization shortcomings. Its performance breakthrough will intensify industry competition, forcing mainstream models to accelerate iteration and scenario penetration.

3.$NIO(NIO.US)

According to reports, Nio's self-developed advanced intelligent driving chip "Shenji NX9031" has begun external technical supply, providing technology authorization to an automotive chip company. Shenji NX9031 is a 5nm automotive-grade intelligent driving chip developed by Nio over three years with an investment of billions of yuan, offering four times the computing power of NVIDIA's Orin-X. It has been installed in multiple models such as the ET9 and has achieved significant cost optimization per vehicle. Nio established Anhui Shenji Company in June this year to oversee its chip business. Now, by starting external technical supply and authorizing an automotive chip company, it breaks the mode of self-developed chips being used only internally.

4. Dolphin Research Focus on Earnings Reports and Conference Call Minutes

Pinduoduo: "Pinduoduo's Dilemma: Aging at Lightning Speed, But No Buyback", "Pinduoduo (Minutes): Still the Classic 'Self-Sabotage'"

Xiaomi: "Xiaomi: Subsidies Withdrawn, Can Cars Really Hold Up?", "Xiaomi (Minutes): Rising Storage Costs Have a Greater Impact on Manufacturers with Lower ASP"

Baidu: "Baidu, Telling AI Stories Aggressively, Can It Really Save Itself?", "Baidu (Minutes): AI Native Marketing is the Future Second Curve"

Boss Zhipin: "BOSS Zhipin: Not Enough Surprises, But Still Strong", "BOSS Zhipin (Minutes): Customer Renewals Warm Up, Growth Rate Rebounds"

Kuaishou will release its earnings report tonight, and Dolphin Research will follow up with analysis and interpretation.

🐬 Leading Sectors

Shanghai and Shenzhen: Gold, Integrated Oil & Gas Companies, Property and Casualty Insurance;

Hong Kong Stocks: Investment Services and Holding Companies, Managed Healthcare, Silver;

U.S. Stocks: Tires and Rubber, Agricultural Products, Oil and Gas Refining and Marketing.

🐬 Focus for Tomorrow

1. Earnings reports from companies such as NVIDIA and NetEase.

2. China's one-year loan prime rate;

3. The Federal Reserve's monetary policy meeting minutes.

Risk Disclosure and Statement of this Article: Dolphin Research Disclaimer and General Disclosure