<p>Good morning! A beautiful day starts with making money.</p><h3>Demand for hedging cools, NVIDIA sees largest two-month gain, Bitcoin hits new high stimulating most cryptocurrency concept stocks to rise</h3><p>At the beginning of the U.S. stock market, due to the escalating tensions between Russia and Ukraine, investors panicked and turned to safe-haven assets, with the S&amp;P 500 briefly dropping nearly 0.7%, and the &#34;fear index&#34; volatility index VIX soaring 15%. Subsequently, the panic eased, and NVIDIA achieved its largest single-day gain in two months on the eve of its earnings report, rising 4.89%. Both the S&amp;P 500 and Nasdaq continued to rise and closed near their daily highs, with only the Dow Jones closing lower.</p><p>Tesla rose over 2%, having increased about 38% this month, likely marking its best month since January 2023. The closed-end fund DXYZ, associated with Elon Musk's SpaceX, rose 24.07%. Google A rose 1.61%, Apple rose 0.11%, and Amazon rose 1.44%. Microsoft closed up 0.49%, Meta closed up 1.21%, and Walmart hit a historical high.</p><p>Super Micro Computer rose 31.24%, marking its largest single-day gain since February 22, having hired the world's fifth-largest accounting firm BDO as its independent auditor and submitted a plan to Nasdaq that meets listing requirements. Serve Robotics rose 7.22%.</p><p>Most Chinese concept stocks fell. XPeng fell 3.77%, Baidu rose 0.7%, Xiaomi Group ADR fell 5.29%, Bilibili fell 2.99%, and NetEase fell 2.92%. Alibaba fell 2.51%, ZEEKR fell 1.32%, New Oriental fell 0.96%, Nio fell 0.86%, JD.com fell 0.4%, Li Auto rose 0.91%, and Pinduoduo rose 0.32%.</p><p>Bitcoin hit a historical new high, surpassing $94,000, with most cryptocurrency concept stocks rising. The &#34;meme stock&#34; in cryptocurrency, YouDian Interactive, rose 66.67%, BTC Digital rose 26.71%, &#34;Bitcoin whale&#34; MicroStrategy (MSTR) rose 11.89%, Mercurity Fintech ADR rose 10.57%, and cryptocurrency exchange Coinbase fell 0.26%.</p><h3>Major earnings report night! Options market pricing suggests NVIDIA's market value could see a $300 billion fluctuation</h3><p>Options traders expect that after NVIDIA announces its quarterly results, its stock price will experience an 8.5% fluctuation, with the scale of market value fluctuation potentially approaching the largest ever. Traders believe the probability of NVIDIA's stock price fluctuating upward significantly is slightly higher than that of downward fluctuation.</p><h3>Media: If the judge rules that Google must sell Chrome, the business could be worth up to $20 billion</h3><p>Owning Chrome is crucial to Google's advertising business. In the third quarter of this year, Google's advertising revenue accounted for nearly 75% of its parent company's total revenue, with search business revenue accounting for 75% of advertising revenue. Media reports that antitrust officials have also considered more severe options: forcing Google to sell Android.</p><h3>Microsoft releases one-stop AI development tool, allowing easy switching of large language models</h3><p>On Tuesday, Microsoft launched the AI tool Azure AI Foundry at its annual Ignite conference in Chicago, which can assist cloud customers in building and deploying artificial intelligence applications. At the same time, the company also released two chips</p><h3>Trump to Nominate Pro-Crypto Candidate as Secretary of Commerce</h3><p>Trump announced that he will nominate veteran Wall Street financier Howard Lutnick as the Secretary of Commerce for the next U.S. government, who will also directly lead the Office of the U.S. Trade Representative. He is the CEO of financial services company Cantor Fitzgerald. On Tuesday, Bitcoin briefly hit a new all-time high, reaching $93,844 per coin, up over 3% for the day.</p><h3>Trump Considering Crypto Lawyer to Lead SEC</h3><p>According to CoinDesk, Teresa Goody Guillén, a senior figure at the U.S. Securities and Exchange Commission (SEC), is one of the candidates being considered by incoming President Trump to lead the agency. Teresa Goody Guillén is a partner at the law firm BakerHostetler and co-head of its blockchain practice.</p><p>Poll: 35% of Americans want Trump to quickly address inflation issues after taking office.</p><h3>Lei Jun: Xiaomi SU7 Ultra Determined to Use Nürburgring as Testing Ground</h3><p>The Xiaomi SU7 Ultra is determined to use the Nürburgring as a testing ground, having been directly calibrated on the track since June of this year. I believe that cars calibrated this way will have outstanding driving performance. After its official launch next year, it will officially begin to challenge the production car rankings.</p><h3>BYD Signs Agreement with Shenzhen-Shanwei Special Cooperation Zone to Build Phase Four of BYD Automotive Industrial Park</h3><h3>New York Times: Sam Altman Seeks Investors for Rain AI to Challenge NVIDIA</h3><p>Sam Altman is personally pitching Rain AI to OpenAI's investors, hoping they will provide funding support. Altman is pushing for Rain AI's upcoming $150 million Series B financing, which will value Rain AI at approximately $600 million. Altman was one of the main investors in Rain AI's $25 million seed round financing in 2022.</p><h3>Hong Kong Broadband: Received Non-Binding Proposal from China Mobile Hong Kong, Still Discussing Terms</h3><p>Hong Kong Broadband announced that its board has received a non-binding proposal from China Mobile Hong Kong Limited, indicating that it may make a cash offer to acquire ordinary shares. The company is still discussing the terms of the proposal (including price) with the potential offeror.</p><h3>Xi Jinping Meets with German Chancellor Scholz</h3><p>The EU's imposition of tariffs on Chinese electric vehicles has attracted global attention. China has always insisted on resolving differences through dialogue and consultation and hopes that Germany will continue to play an important role in this regard.</p><h3>Han Wenxiu from the Central Financial Office of China: Steadily Expand the Middle-Income Group and Reasonably Adjust the System for Excessive Incomes</h3><p>Accelerate the improvement of the policy environment that encourages consumption, reduce restrictive measures on consumption, and relax entry restrictions in service consumption areas that can rely on market competition to improve supply quality. Reasonably increase public consumption and diversify the supply of inclusive non-basic public services. Coordinate &#34;hard construction&#34; and &#34;soft construction&#34; to promote the high-quality advancement of &#34;two heavy&#34; project construction. Implement the comprehensive removal of foreign investment access restrictions in the manufacturing sector and promote the orderly expansion of opening up in telecommunications, internet, education, culture, and healthcare sectors</p><h3>Shenzhen and Guangzhou Relax Housing Purchase Restrictions</h3><p>Shenzhen: It is clear that from December 1, 2024, the standards for ordinary housing and non-ordinary housing will be canceled. Guangzhou: The city will purchase existing commercial housing under 90 square meters as affordable housing</p>

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<p>On the eve of NVIDIA's earnings report, the options market is betting that the company's market value may experience a fluctuation of $300 billion. Tesla has risen about 38% this month, poised to achieve its largest monthly gain since early last year. Super Micro Computer is up 31.24%. Most Chinese concept stocks have declined. Trump is considering appointing a cryptocurrency lawyer to lead the U.S. Securities and Exchange Commission and will nominate a pro-cryptocurrency candidate for Secretary of Commerce. Media reports indicate that Sam Altman is personally pitching Rain AI to OpenAI's investors to challenge NVIDIA. Lei Jun stated that Xiaomi's SU7 Ultra is determined to use the Nürburgring track as a testing ground. Microsoft has released a one-stop AI development tool that allows for easy switching between large language models</p>

- Former President Trump is considering Teresa Goody Guillén, a partner at BakerHostetler and co-head of its blockchain practice, as a candidate to lead the SEC.  
- Hong Kong Broadband has received a non-binding proposal from China Mobile Hong Kong for a potential cash acquisition of its ordinary shares and is currently discussing the terms.  
- China's financial official Han Wenxiu emphasized the need to expand the middle-income group and improve the consumption environment by reducing restrictions and enhancing public service offerings.

Breakfast | NVIDIA hits two-month high, Bitcoin reaches new high, boosting most cryptocurrency stocks