<p>Good morning! A beautiful day starts with making money.</p><p>The Nasdaq fell below 20,000 points, Adobe plummeted over 13%, the China concept index rose against the trend, and Bitcoin fell below $100,000.</p><p>The U.S. November PPI inflation exceeded expectations, and the market bets on a pause in interest rate cuts in January next year. The European Central Bank cut interest rates by 25 basis points as expected, abandoned the statement of maintaining &#34;restrictive&#34; rates, and lowered GDP and CPI growth forecasts for this year and next.</p><p>U.S. stock indices collectively fell, with the Dow experiencing six consecutive declines and the Nasdaq down 0.66%. NVIDIA fell 1.41%, Microsoft rose 0.13%, Apple rose 0.6%, Tesla fell 1.57%, Meta fell 0.3%, Google A fell 1.76%, and Amazon fell 0.56%.</p><p>AI concept stocks had mixed performances. Adobe fell 13.69%, BigBear.ai closed down 10.74%, Oracle fell 1.83%, Serve Robotics fell 8.4%, Supermicro fell 0.94%, and C3.ai rose 0.18%.</p><p>Chinese concept stocks had mixed performances. The Nasdaq Golden Dragon China Index closed up 0.18%. Miniso rose 5.45%, Pinduoduo rose 1.2%, Baidu rose 1.06%, Alibaba rose 0.28%, XPeng rose 0.16%, Bilibili rose 0.1%, Li Auto fell 0.09%, JD.com fell 0.26%, NetEase closed down 0.64%, ZEEKR closed down 0.39%, Fangduoduo closed down 7.74%, and Nio fell 1.71%.</p><h3>NVIDIA Denies Rumors of Supply Cut to China</h3><p>NVIDIA's official Weibo account issued a statement, stating that recent social media claims about NVIDIA cutting supplies to China are false rumors.</p><h3>Google and Samsung Collaborate to Develop Headset Devices, First Product Expected Next Year</h3><p>Google has released a new version of the Android XR operating system, aimed at providing various natural interaction methods for headset devices and smart glasses, enhancing user experiences in virtual reality (VR) and augmented reality (AR).</p><h3>Apple Plans to Apply Self-Developed Chips to Some Products by 2025</h3><p>Market news: Apple's self-developed wireless chips will be launched in new products released in 2025. The chips for Apple's iPhone and home wireless devices are close to switching from Broadcom supply to self-developed products. The internal code for Apple's self-developed wireless chip is Proxima, which will be launched for iPad and Mac in 2026.</p><h3>European Central Bank Cuts Rates for the Fourth Time This Year, Warns of Slowing Economic Growth</h3><p>The European Central Bank lowered the deposit facility rate by 25 basis points to 3.00%, marking the third consecutive meeting with a 25 basis point cut, in line with market expectations; at the same time, it lowered the main refinancing rate and marginal lending rate from 3.4% and 3.65% to 3.15% and 3.4%, respectively.</p><h3>Full Text of the Central Economic Work Conference Released</h3><p>The conference pointed out that next year, it is necessary to maintain stable economic growth, keep employment and overall price stability, maintain a basic balance of international payments, and promote the synchronization of residents' income growth and economic growth. More proactive fiscal policies should be implemented, increasing the fiscal deficit ratio. A moderately loose monetary policy should be implemented, with timely reserve requirement ratio and interest rate cuts. The stability of the RMB exchange rate should be maintained at a reasonable and balanced level. The conference determined that next year, nine key tasks should be focused on, including vigorously boosting consumption, improving investment efficiency, and expanding domestic demand in all aspects</p><h3>OpenAI Allows Users to Share Mobile Screens and Live Video</h3><p>OpenAI announced the launch of a new feature that allows users to share their mobile screens and live video in the advanced voice mode of the ChatGPT mobile app. This way, users do not have to upload photos or describe their surroundings in the chat.</p><h3>Reports Say Seres is Considering an IPO in Hong Kong, Potentially Raising Over $1 Billion</h3><p>Recently, media reports indicated that as of the end of November, Seres New Energy Vehicles had accumulated sales of 389,566 units, a year-on-year increase of 255.26%.</p><h3>Investment Banks Significantly Raise MicroStrategy's Target Price</h3><p>BTIG Research: Raised MicroStrategy's target price from $290 to $570, giving it a &#34;Buy&#34; rating. Barclays: Raised MicroStrategy's target price from $275 to $515.</p><h3>Trump Talks About Cryptocurrency Again</h3><p>For me, the stock market is everything; I will do great things in the cryptocurrency space.</p><h3>Texas Lawmaker Proposes Bill to Establish Strategic Bitcoin Reserves in State Treasury</h3><p>The bill would allow the state to collect taxes, fees, and donations in Bitcoin and hold these Bitcoins for at least five years. Giovanni described it as a hedge against inflation.</p><p>BlackRock recommends that investors interested in Bitcoin allocate up to 2% of their portfolio to it.</p><p>According to The Wall Street Journal: Amazon plans to donate $1 million to Trump's inauguration. Meta donated $1 million to Trump's inauguration fund</p>

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<p>NVIDIA fell 1.5%, with the company stating that supply cut rumors are untrue, and China is an important market. Google is collaborating with Samsung to develop headset devices, with the first product expected to launch next year. Apple's self-developed chips are planned to be applied to some products in 2025. Barclays raised the target price for MicroStrategy from $275 to $515. The European Central Bank conducted its fourth interest rate cut this year. Reports indicate that Cyrus is considering an IPO in Hong Kong, potentially raising over $1 billion</p>

- U.S. stock indices showed mixed performance, with the Dow Jones up 0.04% while the S&P 500 and Nasdaq fell by 0.18% and 0.44%, respectively, as Adobe's shares dropped over 11% due to disappointing guidance.  
- The European Central Bank cut interest rates for the fourth time this year, lowering the deposit rate to 3.00% amid warnings of slowing economic growth.  
- Apple plans to transition to its own wireless chips, codenamed Proxima, for its devices by 2025, aiming to enhance control over connectivity and improve energy efficiency.

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