Application Software

Phunware

Strategy Report

OpenAI

DXYZ

NVDA

NVDL

07788

07388

NVDY

NVDD

NVDX

NVDQ

PHUN

ABTC

DJTWW

.SPX

SOXS

Originally, the market was continuously declining due to liquidity withdrawal caused by the U.S. government shutdown and concerns over supply chain financing surrounding OpenAI. However, now that the U.S. government has reopened and NVIDIA's strong performance has been released, the market still isn't buying it. What exactly is wrong with the U.S. stock market? With only five weeks left in 2025, has it completely turned into garbage time? Is there still hope for AI in 2026? 1. Looking towards 2026, what exactly are Trump's demands? There is one last chance for a rate cut this year—the interest rate meeting on December 10th. From a macro perspective, the current market's short-term nerves seem to be dominated by the prospect of a rate cut...

Destiny Tech100

NVIDIA

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

Trump Media & Tech

American Bitcoin

Trump Media & Tech - CW28

VanEck Semiconductor ETF

iShares Core S&P Mid Cap

S&P 500

Direxion Semicon Bear 3X

iShares Gold Trust

Bubble Talk Rising, Will AI Continue as Hottest Bet in 2026?

Robinhood

Financial Analysis

HOOD

03066

03068

03009

03179

BITS

SCHW

BETA

03046

03439

CONL

03135

07376

03042

03008

SCHW-D

SCHW-J

On November 6th, the American influencer retail brokerage stock $Robinhood(HOOD.US) released its earnings report before the U.S. stock market opened. After a nearly 300% surge over three quarters, the market's expectations were high. Can the actual results meet the capital market's enthusiastic expectations? Let's take a closer look: 1. Total revenue was $1.27 billion, up 100% year-on-year and 29% quarter-on-quarter; it slightly exceeded Bloomberg's consensus estimate of $1.21 billion. However, since the company had already announced impressive operational data for September on September 29th, the real buy-side expectations have been elevated since then...

FA CSOP BTC

FA CSOP ETH

BOS HSK ETH

HGI ETH

Global X Blockchain & Bitcoin Strategy ETF

Charles Schwab

Beta Tech

CAM ETH

HGI BTC

GraniteShares 2x Long COIN Daily ETF

FA SAMSUNG BTC

FI CSOP BTC

CAM BTC

BOS HSK BTC

SCHWAB(CHARLES)CORP 5.95% DEP SHS REP 1/40 NON CUM PERP PF D

SCHWAB(CHARLES)CORP 4.450% DEP SHS REP 1/40TH N-CUM PFD SERJ

Robinhood: Quadruple in a Year, Is the King of U.S. Retail Investors Really That Impressive?

Rivian

RIVN

MASS

002838

DAWN

Successfully climbed out of the second quarter loss mire

Rivian Automotive

908 Devices

Day One Biopharmaceuticals

ING Groep

Rivian: Narrowing Losses, R2 Mass Production Imminent, Is Rivian's Dawn Approaching?

Today’s Key News Recap

300750

03750

00941

002415

600941

80941

HCCD

1020 ｜Dolphin Research Key Focus: 🐬 Macro/Industry 1. In the latest interview, Trump continued to release signals of easing and hinted that the door is still open. Additionally, according to media reports, the Trump administration is quietly relaxing several tariff policies. This statement temporarily alleviated market concerns about the escalation of trade friction and is expected to boost risk asset sentiment. However, caution is needed regarding the repetitiveness of his strategy, and subsequent developments need to be observed for detailed implementation and continuity of execution. 2. Data released by the National Bureau of Statistics shows that the domestic gross domestic product for the first three quarters of 2025 was 101.5 trillion yuan, calculated at constant prices...

Taiwan Semiconductor

CATL

Coca Cola

CHINA MOBILE

HIKVISION

China Mobile

CHINA MOBILE-R

CATL HK SDR 30to1

Nvidia's Blackwell chip is about to be mass-produced in the United States; tariff easing signals continue to be released | Today's important news review

Hot topic

BYTED

TACO

000333

MSFT

09999

09899

COST

VIPS

GOOG

GOOGL

TACOU

TACOW

RUMBW

00300

ALL-B

ALL-H

ALL-I

ALL-J

NTES

Originally, in the mid-September Madrid negotiations, the U.S.-China talks resolved the long-standing major conflict over TikTok. However, Trump's emotional essay on a 100% tariff seemed to have set back the bilateral relations overnight. But following Trump's press inquiries, Vance's statements, and press conferences from China's Ministry of Commerce, the TACO transaction became almost a consensus expectation. In this article, Dolphin Research will elaborate more on how this TACO transaction differs from previous ones and what other insights can be drawn besides TACO. 1. This TACO...

ByteDance

Berto Acquisition

Rumble

Midea Group

Allstate

Outfront Media

Disney

Microsoft

NTES-S

NETEASE MUSIC

Costco Wholesale

Vipshops

Alphabet - C

Alphabet

Berto Acquisition - Unit

BERTO ACQUISITION CORP C/WTS 01/05/2030(TO PUR COM)

RUMBLE INC C/WTS 16/09/2027 (TO PUR COM)

MIDEA GROUP

ALLSTATE CORP 5.1% PREF 15/01/2053

ALLSTATE CORP DEP SHS REP 1/1000 NON CUM PER PRF SER H

ALLSTATE CORP 4.750% DEP SHS REP 1/1000TH PRP PFD SR I

ALLSTATE CORP DEP SHS REPSTG 1/1000TH NON PERP PFD SER

NetEase

Trump 'Breaks Defense': Not Just TACO, Will There Be a Revaluation of Chinese Assets?

01810

81810

XIACY

07299

HXXD

1013 | Dolphin Research Focus: 🐬 Macro/Industry 1. Trump announced on the evening of the 10th that he plans to impose an additional 100% tariff on all Chinese goods starting November 1st and initiate 'critical software' export controls. In response, China will charge a 'special port fee' on American-made ships starting October 14th. Risk aversion sentiment has driven gold prices up, while U.S. stock futures rebounded during the Asian session on Monday, indicating that the market is betting on 'extreme pressure' as a bargaining chip before negotiations. Hong Kong stocks also rebounded in the afternoon. 🐬 Stocks 1. $XIAOMI-W(01810.HK) Chengdu traffic police report...

XIAOMI-W

XIAOMI-WR

Xiaomi Corporation

FL2CSOPGOLD

SPDR Gold Shares

Xiaomi HK SDR 2to1

Tariff War Sees Tense Tug-of-War; Xiaomi EV Catches Fire Again｜Today's Important News Review

000001

AMZN

0410｜Dolphin Research focuses on: 🐬 Macro/Industry 1. Trump's &#34;tariff attitude&#34; has undergone a major reversal, authorizing a 90-day tariff suspension for countries that do not take retaliatory actions. A White House spokesperson stated that tailored negotiations will continue. US stocks staged a violent rebound last night, and gold prices surged. It is worth mentioning that US Treasuries faced a fierce sell-off after the tariffs were implemented, reaching an extremely dangerous moment, and only after Trump's attitude reversal did the decline barely stop and begin to recover, avoiding a &#34;collapse&#34; predicament. Today, the markets in Hong Kong and A-shares are rebounding across the board, with the Shanghai Composite Index returning to 3200 points, although the situation has temporarily eased...

SSE Index

Amazon

The storm has temporarily subsided, will the situation reverse? | Review of today's important news

BRK.B

BRK.A

Hello everyone, I am Dolphin Research! On April 3rd, the upgraded tariffs from Trump have arrived, and even though Trump had explained and laid the groundwork long ago, the tax rates pulled from Excel still significantly exceeded expectations. With such high tariffs, Trump has offended all trade partners; what exactly is he trying to achieve? Can the U.S. economy still function this year? Is there still hope for investment? Dolphin Research attempts to start with a story to understand the source of this issue. 1. The Dead Nation vs. The Bull and Horse Nation Buffett wrote a story-like essay for Fortune magazine in 2003, and it still feels relevant today...

Berkshire Hathaway B

Berkshire Hathaway

Trump plays the "Thanos" card, will global assets be crushed and start over?

CP00062

TSLA

.IXIC

SOXX

“Elected” Trump? This wave of American citizens is the first to be sacrificed, used for federal deleveraging and industrial return. $Tesla(TSLA.US) $NASDAQ Composite Index(.IXIC.US) $iShares Semiconductor ETF(SOXX.US)Dolphin Research mentioned earlier that Trump's economic governance philosophy (see the link below).But the order of this philosophy is very important.And Trump, in practice, is clearly not about cutting taxes first and then raising tariffs. This is actually the familiar concept of &#34;breaking before establishing&#34; from the past two years domestically. In this process of &#34;breaking before establishing,&#34; the interests of ordinary citizens are the first to be sacrificed.Raising tariffs is indeed a way to protect domestic vulnerable industries, aimed at promoting industrial return. However, in reality, the cost of raising tariffs is not only borne by exporters; in the case where the U.S. cannot quickly replace domestic production capacity and user demand still exists, the end consumers need to bear part of the product premium brought by tariffs.Moreover, from the perspective of Trump's first month in office, the so-called government cost reduction and efficiency improvement, and expenditure reduction, have not been reflected in the federal deficit for February—In January, the U.S. fiscal deficit, including interest costs, was nearly $130 billion, while excluding interest payments, it still stood at a deficit of $49 billion. (PS Currently, there are only some signs of a slowdown in federal hiring in the new employment structure for February.)Additionally, as it aims to make tax cuts permanent, the places where fiscal revenue can increase are very limited, while fiscal expenditure is very necessary; thus, the U.S. debt balance can only control the slope of its increase, and the upward trend is absolutely certain. Historically, during peacetime in the U.S., there has been basically no reduction in the absolute value of fiscal expenditure.From the current results, in the detailed expenditure structure of the budget, Trump has chosen interest payments (which account for 13% of total federal expenditures) as the main operational target.The newly appointed Treasury Secretary does not agree with Yellen's approach of issuing short-term debt as a stopgap, and currently, the proportion of short-term debt in the U.S. is too high; after maturity, if it is replaced with long-term debt to extend its life, the yield on long-term debt will become very important.Raising tariffs may fuel short-term inflation, but after long-term growth becomes uncertain, the yield on long-term debt can drop, even leading to an inverted yield curve.In this process, ordinary American citizens will bear part of the cost of raising tariffs, leading to a relative decline in purchasing power, but once the yield on long-term debt decreases, the government's cost of borrowing long-term funds will also decrease.To some extent, this can be understood as a reversal of the helicopter money during the pandemic, where the government concentrated on absorbing private leverage; now it is doing the opposite: residents are starting to become the force-bearing units for government deleveraging, and what was originally absorbed must be partially expelled.Throughout the process, there is also an effort to maintain the relative bargaining power of enterprises compared to residents, or to protect the main body of employment.But the key issue here is that expectation management is a super significant behavioral economics concept; it is hard to say that once residents' expectations worsen, they will directly enter a state of precautionary savings.However, with such a significant policy shift, from the perspective of the stock market, facing this level of uncertainty in policy upheaval, the only thing funds can do is to run away first; after all, valuations were too high to begin with, and once they start running, there is no hesitation, just swift action.Therefore, this wave of decline in the U.S. stock market can initially look favorably at previously unattainable high-quality companies, but there is no need to rush to bottom-fish; it is better to first observe the changes in the rhetoric of Trump and the Treasury Secretary. <figure class="image"></figure><a href="https://longportapp.cn/zh-CN/topics/27779831">https://longportapp.cn/zh-CN/topics/27779831</a>

如何理解这轮川普关税大锤？ - LongPort

Semiconductor

Tesla

NASDAQ Composite Index

iShares Semiconductor ETF

Phunware released FY2025 9 Months Earnings on November 6, 2025 (EST) with actual revenue of USD 1.765 M and EPS of USD -0.4598

Phunware released FY2025 Q3 earnings on November 6 (EST), actual revenue USD 622K (forecast USD 532.67K), actual EPS USD -0.12 (forecast USD -0.1433)

Phunware released FY2025 Semi-Annual earnings on August 8, 2025 (EST) with actual revenue of USD 1.143 M and EPS of USD -0.3404

Phunware released FY2025 Q2 earnings on August 8 (EST), actual revenue USD 455K (forecast USD 726.5K), actual EPS USD -0.1599 (forecast USD -0.15)

Phunware Announces Leadership Changes

Ascendiant Capital Maintains and Raises Buy Rating for Phunware

Phunware Launches AI Features for Hotel Industry Mobile Interaction

Phunware released FY2025 Q1 earnings on May 12 (EST), actual revenue USD 688 K (forecast USD 674.75 K), actual EPS USD -0.1845 (forecast USD -0.125)

Phunware Inc Reports Narrowed Quarterly Loss per Share

Phunware Inc expected to report a loss of 12 cents per share in Q1 2025

Phunware's Annual General Meeting Elects Director and Approves Accounting Firm Proposal

Phunware Inc Expected to Report Q1 2025 EPS Loss of 12 Cents

Phunware Turns to AI for New Growth Momentum

Ascendiant Capital Maintains Phunware's Rating and Adjusts Target Price

Phunware's Quarterly EPS Exceeds Expectations with Revenue of $990,000

Phunware released FY2024 annual earnings on March 20 (EST), actual revenue $3.189M (forecast $3.527M), actual EPS -$0.9401 (forecast -$0.8866)

Phunware released FY2024 Q4 earnings on March 20, 2025 (EST), actual revenue 592 K USD (forecast 928.67 K USD), actual EPS -0.1494 USD (forecast -0.12 USD)

Phunware, Inc. Releases 2024 Financial Results, Significant Improvement in Net Loss and Acquisition of MyCanvass, LLC