China Galaxy Securities: Expectations for the Federal Reserve's interest rate cuts rise again, and the mining and metallurgy game stimulates copper prices to riseWhere will the main line of AI be next year? Morgan Stanley: The "de-bottlenecking" theme will replace chips, optimistic about energy infrastructureJapan's long-term bond yields soar to a new high, crossing paths with China's 10-year government bonds for the first time"The Big Short" Michael Burry turns his attention to Tesla! Directly pointing out "absurd overvaluation," naming Musk's exorbitant salary diluting equityUnderstanding the Market | November lithium carbonate production increased significantly year-on-year, TIANQI LITHIUM fell over 4% during trading, and Ganfeng Lithium is down over 2%Morgan Stanley: The difficulty of building an ecosystem for "Doubao" AI phones is high, reiterates "Overweight" rating on Tencent Holdings Limited, Alibaba-W, and MEITUCorporate "guidance upgrades" surge, Wall Street is immersed in a perfect recovery narrativeThe impact of Yongmei is hard to replicate, and the bond market is unlikely to recreate the end-of-2020 market conditionsActivate the red alert! OpenAI suspends its advertising business and is fully committed to "fighting hard" against Google GeminiQT ends with the Federal Reserve's dovish stance! "Wall Street Oracle" optimistic outlook: S&P 500 aims for a new high of 7,300 points by the end of the yearThe AI war in China will "intensify comprehensively" in 2026: "traffic entry" will become a "must-fight" area for major companies, and AI going overseas will also accelerateUnderstanding the Market | ZTE retraced over 7% after yesterday's nearly 14% surge, with Doubao Mobile Assistant technology debuting on NubiaEvercore ISI: Policy dividends are coming, these "K-shaped economy" affected US stocks are expected to rebound in 2026Schroders Investment: The risk of chasing overly high expectations is increasing, and the three pillar strategies strengthen the investment foundationThe stock price of automation leader Fanuc surged nearly 10%! A strong partnership with NVIDIA accelerates the advancement of the "physical AI" narrativeJust now, QT has officially ended, and the use of repurchase facilities has surged. What does this mean for overall liquidity?New Federal Reserve News Agency: Hassett has been "internally confirmed" as the Chairman of the Federal ReserveHong Kong Stock Midday Review: Hang Seng Index rises 0.11% after hitting a high, innovative drug concept leads the declineUnderstanding the Market | Li Auto-W fell nearly 2%, with November delivery volume down nearly 32% year-on-yearApple AI changes leadership! Former Microsoft and Google AI experts take over to face industry lag challengesThe launch of the new foldable screen track: Samsung Galaxy Z TriFold challenges Huawei and races ahead of AppleInvestment Insights - A Clever Defense by NVIDIAThe battle for the AI super entrance escalates"Doubao AI Assistant" Idealistic vs. Realistic? Morgan Stanley: Major smartphone manufacturers prefer in-house development, making implementation very difficultThe market bets real money on "extreme dovish" Harker's rise! Amid calls for division and reform, the Federal Reserve welcomes a "leadership change moment."The Australian court orders Google to pay a fine of AUD 55 million for engaging in anti-competitive behaviorMorgan Stanley Asia Research: The biggest anxiety for clients is the inability to purchase enough NVIDIA chips, and the storage shortage is "one of the most severe in 30 years."Amazon's annual cloud computing conference opens, with the CEO taking the stage tonight. Can the new AI chip "catch up with Google's TPU"?In the face of Google's challenge, who is more vulnerable, NVIDIA or OpenAI?Elon Musk's next goal: Space AI satellites?Understanding the Market | The mobile industry chain continues yesterday's rise, ByteDance partners with ZTE to test AI phones, and various mobile phone manufacturers have accelerated their layoutCICC: Maintains optimism for the Hang Seng Index, keeps the 26,000-point forecast unchanged, and continues to recommend the "dividend + technology internet" combination as the core allocationUnderstanding the Market | XPENG-W fell over 3% with November new car deliveries decreasing by 12.58% month-on-monthThe A-shares opened slightly lower, AI applications strengthened, the Hong Kong stocks opened higher, and Alibaba rose over 3%Morgan Stanley raises target prices for NVIDIA and Broadcom, asserting that AI demand will "substantially" accelerate next yearAI allows "fewer junior employees to extract greater value"! Consulting giants like McKinsey have "frozen starting salaries for the third consecutive year."Google embraces the global Gemini craze with "AI model," Gemini 3 will launch on search engines in 120 countriesFrom "Next-Day Delivery" to "Half-Hour Delivery": Amazon's Delivery Revolution Bets on High-Frequency ConsumptionFor the first time, it may "sell coins," and "Bitcoin concept stock leader" MSTR once plummeted 12% during the sessionUS Stock Capital Activity List | NVIDIA invests in Synopsys, with both stock prices rising; Bitcoin plummets 7%, Strategy drops over 3%Elon Musk is optimistic about Alphabet and NVIDIA: "AI and robotics will be very important"The central bank "takes turns smashing the market," after the Federal Reserve, will the Bank of Japan intervene? Will Japan raise interest rates in December?Apple announces AI chief will resign, successor previously worked at Google DeepMind and Microsoft"American version of Double 11" crashes, US e-commerce giant Shopify's stock price plummetsJapan is set to raise interest rates, causing global government bonds to drop and risk assets to adjust across the boardCICC December Industry Allocation Strategy: Style "High Cut Low" Process Not Smooth, Growth Relatively DominantThe "Google AI Ecosystem" bull market logic is further strengthened! The demand for cloud AI computing power surges, and MongoDB's performance greatly exceeds expectationsAmazon launches 30-minute ultra-fast delivery service in some areas of the United States