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Microsoft

Broadcom

Financial Analysis

AMZN

NVDA

AVGO

GOOG

GOOGL

BYTED

MSFT

OpenAI

ASIC

AMZU

NVDL

07788

07388

NVDY

NVDD

NVDX

NVDQ

GGLS

In the early hours of Dec 12 Beijing time, AVGO released its FY2025 Q4 results after the U.S. close. The quarter ended Oct 2025.1) Overall performance: Revenue was $18.0bn, up 28.2% YoY. This beat the Street's $17.5bn.Revenue rose $2.0bn QoQ, driven by AI-related demand. AI remained the key driver.GPM was 68%. Excluding acquisition amortization and restructuring costs, adj. GPM was 76.6%, down 17bps QoQ...

Amazon

NVIDIA

Alphabet - C

Alphabet

ByteDance

Meta Platforms

Ategrity Specialty Holdings LLC

Direxion Daily AMZN Bull 2X Shares

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Direxion Daily Googl Bear 1x Shares

AVGO vs. NVDA: Did the challenger blink first?

Today’s Key News Recap

DXYZ

PARA

09992

09988

COST

AAPL

NFLX

LVMUY

BABA

89988

GGLL

MSFL

HPPD

HBBD

1211 | Dolphin Research Focus: 🐬 Macro/Industry 1) The Fed cut rates by 25bps to 3.50%-3.75%, the third cut this year, in line with market expectations. It also announced $40bn of short-dated Treasury purchases over the next 30 days.Powell ruled out further hikes, saying rates are at the upper end of neutral. The message signals a shift from fighting inflation to supporting growth, even preempting a recession.🐬 Single stocks 1) $Microsoft(MSFT.US). CEO Satya Nadella made public remarks in Bengaluru, India...

Destiny Tech100

Paramount Global

POP MART

BABA-W

Warner Bros. Discovery

Costco Wholesale

Apple

Netflix

Louis Vuitton

Alibaba

BABA-WR

Direxion Daily GOOGL Bull 2X Shares

GraniteShares 2x Long MSFT Daily ETF

POP MART HK SDR 20to1

Alibaba HK SDR 5to1

Microsoft's Agent AI Debuts Friday; LVMH Greater China Head Joins Pop Mart | Daily News Recap

02202

TECH

PLTR

000002

MSFO

MSFD

MSFU

MSFX

MSFY

07299

1210 | Dolphin Research Focus: 🐬 Macro/Industry 1) Market chatter suggests a RMB 400bn mortgage interest-subsidy program has been set. The standard subsidy rate would be 1%, while loans tied to risk regions and distressed developers could get 2%.No official document has been released yet. If implemented, it would directly lower borrowers' mortgage costs.Enhanced subsidies for risk regions and developer-linked loans would precisely ease localized housing-market stress and reduce developers' funding-chain risk. It would also support new-home demand...

CHINA VANKE

Bio-Techne

Palantir Tech

Taiwan Semiconductor

Vanke

YieldMax MSFT Option Income Strategy ETF

Direxion Daily MSFT Bear 1x Shares

Direxion Daily MSFT Bull 2X Shares

T-Rex 2X Long Microsoft Daily Target ETF

Kurv Yield Premium Strategy Microsoft MSFT ETF

Pro Ultr Silver

iShares Silver Tr

FL2CSOPGOLD

SPDR Gold Shares

Mortgage subsidy rumors roil markets; Fed decision due tonight | Daily News Recap

Marvell

MRVL

Marvell Technology (MRVL.O) released its third-quarter financial report for fiscal year 2026 (ending October 2025) in the early morning of December 3rd, Beijing time, after the U.S. stock market closed: 1. Revenue: $Marvell Tech(MRVL.US) reported revenue of $2.07 billion this quarter, a quarter-on-quarter increase of 3.4%, in line with market expectations ($2.06 billion). The quarter-on-quarter increase of $60 million was mainly driven by enterprise networking and carrier business. 2. Gross Margin: The gross margin for this quarter was 51.6%, a quarter-on-quarter increase of 1.2%...

Marvell Tech

Marvell: Acquisition to Fill Gaps, Is the NVIDIA 'Alternative' Path Becoming a Reality?

Deep Research

Google

002245

Marked by the release of ChatGPT at the end of 2022, the AI frenzy over the past three years has swept through every sector, from computing power, storage, networking, manufacturing, power infrastructure, software applications, and even to edge devices. Each direction has been repeatedly hyped. However, by the end of the third anniversary, when the pillars of AI infrastructure announced unprecedented AI mega infrastructure projects around the third-quarter reports, the market suddenly seemed to lose its soul, starting to worry that AI investments might be a bubble. Some in the industry have made a fortune, while others have lost so much that they resort to frantic fundraising. Where exactly is the problem? The financing is dazzling and bizarre, why? This article...

Jiangsu Azure Corporation

The Original Sin of the AI Bubble: Is Nvidia the 'Golden Poison Pill' that AI Can't Quit?

603020

SHOP

SNPS

01024

81024

1202 | Dolphin Research Key Focus: 🐬 Macro/Industry 1. DeepSeek simultaneously launched two official versions of AI models, DeepSeek-V3.2 and DeepSeek-V3.2-Speciale. The former's inference capability is close to GPT-5, with tool invocation reaching the top level of open-source models; the latter won four international competition gold medals, specializing in complex tasks. The models introduce the DSA sparse attention mechanism, significantly reducing inference costs. The dual-model strategy precisely covers different needs, and technological breakthroughs narrow the gap between open-source and closed-source models...

Apple Group

Shopify 

Synopsys

KUAISHOU-W

KUAISHOU-WR

Global Tech Blitz: Nvidia Invests in Synopsys, Apple AI Shakeup, Alibaba Updates AI Model | Today's Important News Recap

LEADING IDEAL

02015

BMWYY

TSLA

MBGYY

Plan to make Li Auto the best-performing company in the embodied intelligence field within the next 3 to 5 years

LI AUTO-W

Bayerische Motoren Werke AG

BAYERISCHE MOTOREN WERKE AG ADR EACH REPR 0.33333 SHS SPONSORED

Tesla

Mercedes-Benz Group AG

Li Auto

Li Auto (3Q25 Minutes): Transforming Cars into Embodied Intelligence in the Physical World

DELL

Conference Minutes

COMP

The following are the minutes of Dell's FY2026 Q3 earnings call organized by Dolphin Research. For earnings interpretation, please refer to &#34;Dell DELL: Storage Price Hike Adds Pressure? AI Guidance Provides Support Again.&#34; 1. $Dell Tech(DELL.US) Key Financial Information Review 1. Cash Flow and Capital Return a. Cash Flow: Operating cash flow of $1.2 billion, with an ending cash and investment balance of $11.3 billion (an increase of $1.6 billion quarter-over-quarter). b. Shareholder Return: $1.6 billion returned this quarter (repurchase of 8.9 million shares + dividend distribution)...

Micron Tech

Dell Tech

C3.AI

Compass

Ameriprise Financial

Dell (Minutes): The company's value lies in the overall solutions at level L11 and above.

ORCL

CRWV

The following are the minutes of NVIDIA's FY2026 Q3 earnings call, compiled by Dolphin Research. For an interpretation of the earnings report, please refer to the article 'More Important Than Non-Farm Payrolls! Can NVIDIA Save the US Stock Market Again?' Compared to the earnings report, the information conveyed in this earnings call is more critical: ① Data Center Revenue: GB300 sales surpassed GB200, contributing about two-thirds of Blackwell's total revenue. Hopper revenue was approximately $2 billion, with H20 accounting for about $50 million; Regarding guidance: the company provided revenue guidance for the next quarter...

ISHRS S Arabia

Oracle

Coreweave

NVIDIA (Minutes): Target gross margin for next year is 75%, collaboration with OpenAI is not blind

SFTBY

9984

SOBKY

NVIDIA (NVDA.O) released its financial report for the third quarter of fiscal year 2026 (ending October 2025) in the early morning of November 20th, Beijing time, after the U.S. stock market closed. The details are as follows: 1. Core Operating Indicators: $NVIDIA(NVDA.US) reported total revenue of $57 billion, exceeding market expectations of $55.1 billion. This includes a quarter-on-quarter increase of $10.3 billion, primarily driven by the increased mass production of Blackwell in the data center business. The gross margin was 73.4%, up 1 percentage point quarter-on-quarter, in line with market expectations...

SoftBank

SoftBank Group Corp.

More Important than Non-Farm Payrolls! Can NVIDIA Save the U.S. Stock Market Again?

OpenAI and Microsoft are sued in a murder-related case, with the lawsuit alleging ChatGPT exacerbated the user's delusions.

CISA warns of actively exploited zero-day vulnerability in Windows

Microsoft community hosts 'MS Nantes Connect' tech event in Nantes, France

Microsoft AI CEO Mustafa Suleyman describes Elon Musk as a "bulldozer" with "superhuman abilities."

Microsoft holds a free training for marketers on Microsoft 365 Copilot

Microsoft acknowledges its Teams application has a significant memory consumption issue.

Microsoft will host a Virtual Training Day on Azure AI Foundry for building custom Copilots

Xbox Game Pass to release "Palworld: Home Sweet Home" update

Microsoft AI CEO states the company will not compete for talent with huge salaries

Wall Street Analysts are Bullish on Microsoft, Predicting Significant Upside Potential

US-UK tech trade deal at risk over disagreements

Microsoft AI CEO discusses the concept of "humanistic superintelligence" and its development safety red lines

Microsoft recognizes "wall-to-wall" union at id Software, will negotiate on remote work and AI safeguards

Security Alert: Forbes Reports Worm Attack Targeting Microsoft Users

Microsoft's AI medical research achievement, GigaTIME, is published in the journal "Cell".

Microsoft updates Media Creation Tool, integrates Win11 25H2 image

In preparation for 2026 strategy, Microsoft Xbox CFO is reassigned to COO of ZeniMax

Multiple Win11 users report that the new version of Outlook has been unable to open for about a week

NVIDIA Employee Questions Microsoft's AI Data Center Cooling Design

Multiple Windows 11 Users Report Errors When Installing December Update

AdvisorShares MSOS 2x Daily ETF

cbdMD

Tryhard

Roundhill Cannabis ETF

Neo-Concept

Amplify Seymour Cannabis ETF

AdvisorShares Pure US Cannabis ETF

Canopy Growth

RYTHM

Tilray Brands

Microsoft Corporation (MSFT.US) Fiscal Year 2026 First Quarter Earnings Conference Call

Microsoft Corporation (MSFT.US) Q4 Fiscal Year 2025 Earnings Conference Call

Microsoft Corporation (MSFT.US) Fiscal Year 2025 Third Quarter Earnings Conference Call

Microsoft Corporation (MSFT.US) Fiscal Year 2025 Second Quarter Earnings Conference Call