HK, US stocks top stories

GLOBAL MARKETS-Stocks, yen rise; gold, silver and oil jump amid US-Venezuela tensions

US stocks ended higher, with Nvidia shares rising. Gold, silver, and oil prices jumped amid US-Venezuela tensions. The yen strengthened against the dollar after Japanese officials warned against sharp currency moves. Trading volumes are expected to be light due to the holiday week. Warner Bros Discovery shares rose after Larry Ellison's financing guarantee for Paramount's acquisition. The Dow, S&P 500, and Nasdaq all saw gains. The dollar declined against the yen, and US Treasury yields inched higher. Gold and silver hit record highs, and oil prices increased.

Not just "power shortages," "delays" will become a "key theme" for U.S. data centers in 2026

As the construction of AI infrastructure enters deeper waters, the industry's focus in 2026 is shifting from "lack of electricity" to the complex issue of "delays," caused by factors such as equipment delivery lags, labor shortages, and local political resistance. These delays are impacting project economics and prompting the industry to seek fundamental solutions, such as NVIDIA promoting the adoption of "behind-the-meter" power generation models in data centers to bypass grid bottlenecks

A new round of "space race"

The market's enthusiasm for the space industry is directly reflected in company valuations. By the end of 2025, the total market capitalization of the top 19 publicly listed space companies in the U.S. has increased from $45 billion to $131 billion over the past year, nearly tripling. Meanwhile, SpaceX's super IPO next year will become the biggest fireworks of this space frenzy

Trump will announce the "Golden Fleet" plan, with the first vessel expected to be completed in 2028

Media reports indicate that Trump will release a statement regarding the "Golden Fleet" shipbuilding in conjunction with U.S. Navy Secretary John Phelan and Defense Secretary Pete Hegseth later on Monday. Phelan previously stated that he would command the construction of a new type of frigate fleet, codenamed FF(X), which will be built by HII in Newport News, Virginia, based on its "Legend" class patrol vessels

Prediction: 2 Artificial Intelligence Stocks That Will Be Worth More Than Nvidia by the End of 2026

The article predicts that by the end of 2026, Amazon and Alphabet will have larger market caps than Nvidia. Despite Nvidia's current leadership in AI chips, it faces competition, high valuation, and potential overspending. Alphabet is regaining AI market share with its Gemini models, while Amazon's AWS and retail operations are poised for growth. Both companies are expected to outperform Nvidia if its revenue growth slows, impacting its earnings and P/E ratio.

The Nasdaq Golden Dragon China Index preliminarily rose by 0.5%. Among popular Chinese concept stocks, Canadian Solar preliminarily rose by 10.7%, Pony.ai, Trip.com, Atour, Jinkosolar, Miniso, and Autohome rose by over 1%, while Alibaba rose by 0.8%

Bank of America CEO: The driving effect of AI on the economy is gradually becoming apparent

Bank of America CEO Brian Moynihan pointed out that AI investment is gradually "gaining momentum," providing significant marginal support to the U.S. economy, and will continue to amplify its impact in the coming years. The bank expects the U.S. economy to maintain strong growth next year, although the job market has slowed down, the overall risks are manageable. He stated that even if the AI industry experiences a temporary pullback, its impact on the macro economy is relatively limited

No longer directly challenging AWS, NVIDIA reorganizes cloud team

More than two years after proposing the vision to create a cloud service that can compete with AWS, NVIDIA has made significant adjustments to its cloud business strategy. The company recently restructured its cloud team, integrating DGX Cloud into its engineering and operations system, shifting its focus to meet the internal R&D demand for NVIDIA chips, and no longer prioritizing the sale of cloud services to external corporate clients

Warner's acquisition battle escalates! Ellison personally backs $40.4 billion, Paramount directly confronts Netflix

Oracle founder Larry Ellison provided a personal guarantee for Paramount's acquisition of Warner Bros. led by his son, escalating the competition with Netflix. Netflix maintains its investment-grade credit rating through debt refinancing. Paramount proposed an offer of $30 per share, totaling approximately $108.4 billion. Ellison's guarantee may force Warner Bros. to reassess the situation

"Trump" appointed director Milan: The Federal Reserve risks recession if it does not continue to cut interest rates next year

Milan said on Monday, "I don't think there will be an economic recession in the short term," but the rising unemployment rate should prompt the Federal Reserve to continue cutting interest rates; the unemployment rate may have risen to levels beyond expectations, so the data will lead the Fed to shift towards a dovish stance. He reiterated that if no one is appointed by the end of January, he will continue to serve as a Fed governor. Other recent comments from Fed officials have been more cautious compared to Milan, including the voting member Hamak, who advocated for pausing interest rate cuts in an interview released last Sunday

Alphabet, the parent company of Google, will acquire data center energy supplier Intersect for $4.75 billion

Google's parent company Alphabet will acquire data center energy supplier Intersect for $4.75 billion. Risk warning and disclaimer: The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at your own risk

Is the AI cloud business severely undervalued? Wells Fargo: The market is overly pessimistic, and Oracle has a 50% upside potential

Wells Fargo's report indicates that with strong potential in AI cloud infrastructure, Oracle's stock price has nearly 50% upside potential, with a target price of up to $285. The bank emphasizes that Oracle's undervalued exposure to AI cloud business will be the core driver supporting its bullish stock price. Analysts point out that if the application of AI accelerates, it will mean significant rebound opportunities for the stock

San Francisco power outage, Google's self-driving car Waymo in chaos, Tesla wins big

The massive power outage in San Francisco caused Waymo's autonomous vehicles to come to a standstill due to the loss of traffic lights and infrastructure guidance, forcing a suspension of operations and exposing the vulnerability of the "high-precision maps + rules" approach in extreme scenarios. Musk took the opportunity to compare Tesla's "pure vision" solution, sparking a debate over technical routes. The incident intensified public and regulatory concerns about the safety and reliability of autonomous driving commercialization, becoming a significant test of trust in the industry

The yen rises in the short term! Japanese Finance Minister: Has "discretionary power" against speculation in the foreign exchange market and will take bold action

Japan's Finance Minister issued a warning to the foreign exchange market, stating that there is "discretion" over exchange rates that deviate from fundamentals, implying that the intervention threshold has been recognized by the U.S. Additionally, aggressive fiscal stimulus from the high government has pushed Japanese government bond yields to a 27-year high, with market expectations that authorities may intervene again during increased volatility. On Monday evening, the exchange rate of the yen against the dollar hovered around 157.49