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<h3>US stocks fall for two consecutive days, Chinese concept stocks drop over 4%, popular stocks Nvidia and AppLovin decline over two days</h3>
<p>Investors are waiting for the key US CPI report on Wednesday, and US stocks collectively retreated, with almost all sectors declining, only telecommunications and consumer staples sectors rising. Investors accelerated the sell-off of chip stocks and AI concept stocks towards the end of the trading session.</p>
<p>The &#34;Tech Seven Sisters&#34; had mixed performances. Alphabet (Google A) rose 5.59%, marking the largest single-day gain since April, as investors focused on the company's latest quantum computing chip, Willow, which achieved remarkable results in benchmark tests. Tesla rose 2.8%, nearing the historical high set in October 2021 during intraday trading. Meta rose over 0.9%, Apple rose over 0.4% to continue setting closing historical highs, Amazon fell over 0.4%, Microsoft fell 0.6%, and Nvidia fell 2.69%.</p>
<p>AI concept stocks generally fell. BigBear.ai fell 15.03%, Super Micro Computer fell 8.2%, SoundHound AI fell 5.54%, Dell Technologies fell 5.67%, Oracle fell 6.67%, and Palantir fell 2.17%.</p>
<p>Chinese concept stocks broadly declined. The Nasdaq Golden Dragon China Index fell 4.34%. The FTSE China 3x Long ETF (YINN) fell 12.61%, the China Technology Index ETF (CQQQ) fell 6.25%, and the Chinese Internet Index ETF (KWEB) fell 4.82%. Fangdd fell 13%, Bilibili fell 11%, Nio, New Oriental, and XPeng fell over 7%, Pinduoduo and Li Auto fell over 5%, NetEase, ZEEKR, Tencent, Baidu, and JD.com fell at least about 4%. Alibaba fell 2.7%.</p>
<h3>General Motors abandons funding for Cruise autonomous taxi project</h3>
<p>General Motors plans to readjust its autonomous driving strategy, prioritizing the development of advanced driver-assistance systems to achieve fully autonomous personal vehicles. General Motors intends to merge its controlling stake in Cruise with its technology team to jointly advance the development of autonomous and assisted driving technologies.</p>
<h3>Microsoft shareholders vote against Bitcoin investment proposal</h3>
<p>Microsoft's board had previously urged shareholders to reject the National Center for Public Policy Research's proposal to invest 1% of total assets in Bitcoin to hedge against inflation.</p>
<h3>Goldman Sachs CEO: Will evaluate participation in Bitcoin or Ethereum markets if regulators allow.</h3>
<h3>Google CEO claims its newly released quantum computing chip can complete supercomputing tasks in five minutes</h3>
<p>The CEO of Google announced that the company's latest quantum computing chip, Willow, achieved remarkable results in benchmark tests: completing a standard computation in less than 5 minutes, a task that would take top supercomputers over 10^25 years—longer than the age of the universe! Willow's achievements are primarily reflected in two aspects: exponentially reducing errors and outperforming supercomputers in performance.</p>
<p>Additionally, according to The Information: Google has requested the US Federal Trade Commission to terminate Microsoft's exclusive cloud service agreement with OpenAI</p>
<h3>Sources: Boeing resumed production of the 737 Max aircraft last week, about a month after the strike ended.</h3>
<h3>Apple will provide satellite connectivity from Globalstar for its smartwatches</h3>
<p>Apple is accelerating the development of blood pressure functionality, with satellite capabilities expected to appear on next year's Apple Watch Ultra, the company's top model. This technology will allow smartwatch users to send off-grid text messages via Globalstar's satellite network without a phone or Wi-Fi connection.</p>
<h3>Xiaomi responds to the early announcement of the YU7</h3>
<p>Typically, new cars are announced 1-2 months before their launch in the Ministry of Industry and Information Technology's announcement. Xiaomi responded: &#34;The early announcement is to remove heavy camouflage as soon as possible and conduct more rigorous road testing and verification, such as the most precise NVH verification, energy consumption testing, and comprehensive durability testing, to provide a more stable and reliable product experience.&#34;</p>
<h3>SenseTime: Plans to place 1.865 billion shares at a 6.3% discount to raise HKD 2.787 billion</h3>
<h3>U.S. Bureau of Labor Statistics data release errors lead to key outsourced positions being withdrawn</h3>
<p>On the eve of the release of the U.S. November CPI data, a newly released report stated that the leadership of the U.S. Bureau of Labor Statistics is responsible for a series of errors this year. Previously, the U.S. April CPI was leaked early, and in August, the non-farm payroll report's revised data was delayed for more than 30 minutes past its scheduled release time of 10 a.m. The investigation found that the agency's modernization efforts for technology and software were hindered by a lack of funding, preventing it from ensuring that its processes and systems keep pace with technological advancements.</p>
<h3>Trump: Any individual or company investing $1 billion or more in the U.S. will receive expedited approvals and permits</h3>

GOOGL

MSFT

AAPL

GOOG

<p>Microsoft shareholders voted against the Bitcoin investment proposal. Google's Willow quantum chip emerges: solving a 30-year problem in quantum computing. Apple's blood pressure monitoring tool for the watch may be launched in 2025. General Motors abandons funding for the Cruise autonomous taxi project. SenseTime: plans to place 1.865 billion shares at a 6.3% discount, raising HKD 2.787 billion. Google requests the U.S. Federal Trade Commission to terminate the exclusive cloud service agreement between Microsoft and OpenAI</p>

- U.S. stock markets closed with the Dow down 0.35%, S&P 500 down 0.3%, and Nasdaq down 0.25%, while Tesla approached its all-time high with a 2.8% increase.  
- General Motors is shifting its focus from the Cruise autonomous taxi project to advanced driver-assistance systems, merging its teams to enhance development.  
- The U.S. Bureau of Labor Statistics faces scrutiny for repeated errors, impacting the release of key economic data, as Trump proposes expedited approvals for significant investments.

LB Select

General Motors

Alphabet

Microsoft

Apple

Alphabet - C

MediaTek

Trump Media & Tech

Direxion Aerospace & Def Bull 3X

NASDAQ Golden Dragon China Index

XIAOMI-W

Boeing

BABA-W

VanEck Semiconductor ETF

Destiny Tech100

Direxion Semicon Bull 3X

Goldman Sachs

SENSETIME-W

GraniteShares 2x Long NVDA Daily ETF

Direxion Daily TSLA Bull 2X Shares

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BILIBILI-W

Globalstar

Garmin

Phunware

Trump Media & Tech - CW28

NVIDIA

SUNNY OPTICAL

Breakfast | U.S. stock indices fell for two consecutive days ahead of the U.S. CPI data, Apple reached a new high, and Tesla hit an intraday record high