The inability of Doubao Phone Assistant to "log in" to WeChat: With the rise of edge AI, how to protect user data privacyAnother challenger! Amazon joins the AI chip competition with Trainium3, Citigroup: Compatibility with NVIDIA's strategy is very flexibleAfter the release of the ADP employment figures for November in the United States, the US dollar index fell slightly in the short term, while spot gold surged by about 10 dollars in the short termIn November, the ADP employment number in the United States decreased by 32,000, with an expected increase of 10,000 and a previous increase of 42,000Macy's Q3 sales hit a three-year high due to strong holiday demand, raising full-year profit guidance againThe fresh beer of Snow King is fully open for franchiseJapan's interest rate hike is imminent, which is favorable for the yen, while the dollar is under pressure as rate cut trades return. The next Federal Reserve chair may be dovish---1203 Macro DehydrationDoes REPT BATTERO really have an expectation gap?Amazon announced that the Amazon Bedrock model library is expanding, specifically mentioning Chinese open-source large modelsThe War Behind Reusable Rockets: Whoever Can Hold the Orbit Will Hold the FutureHugging the "thighs" of Nvidia and Google, the richest person in Yantai with 68 billion has "won big"On December 3rd, Xiaomi Corporation-W spent approximately HKD 302 million to repurchase 7.5 million sharesOn December 3rd, Tencent Holdings Limited spent HKD 636 million to repurchase 1.04 million sharesThe iPhone 17 ignites a wave of upgrades, and Apple's smartphone shipments in 2025 are expected to reach a record highThe takeaway war becomes a litmus test, Meituan-W delivers a resilient answer with low battle lossesBlackRock Think Tank: There Will Be No AI BubbleGoogle TPU 26 years 4 million units? Analyst: Taiwan Semiconductor's production capacity cannot keep up, with the earliest volume release in early 27 yearsBorrow short and lend long, with the Bank of England and the Bank of Japan leading the way in abandoning long-term bonds, shifting towards high-frequency rolling "interest rate gambling."TRANSSION is becoming more and more "Xiaomi"Hong Kong stocks closed (12.03) | The Hang Seng Index fell 1.28%, with interest rate cut expectations boosting the non-ferrous and Bitcoin concepts. LEMO SERVICES rose over 36% on its first day of listingAmazon unveils 3nm AI chip; Intel stock surges｜Today's Important News RecapAI and smartphones "compete" for chips: smartphone manufacturers warn that prices may rise by 30%, and storage shortages will continue until 2027Established with a valuation of $750 million! A former Google researcher has shortened chip design from 2-3 years to just a few days!After cutting interest rates by more than 100 basis points, the Federal Reserve is contemplating how to stop, but the divisions are unprecedentedUnderstanding the Market | WERIDE-W surged over 5% in the closing session as Cathie Wood's ARK Investment Management officially established a position in WERIDENVIDIA CFO: Deal with OpenAI not finalized, not included in the $500 billion orderAMD joins hands with Huidu Technology and Broadcom! The three giants unite to build a rack-level AI computing platform to challenge the "NVIDIA Blackwell series."Silver continues to hit historical highs! The market bets big: dovish new chairman of the Federal Reserve + supply shortage = super cycleTPU vs GPU: Google's chip commercialization accelerates, can NVIDIA's moat hold up?Power Export – Gas Turbines and HRSG"World's Easiest Job"! Big Short: The U.S. doesn't need the Federal Reserve, it should be taken over by the Treasury!HSBC CEO stated: "Europe's largest bank" must break into the "top 5 globally"Understanding the Market | Some Bitcoin concept stocks rise as the Federal Reserve's interest rate cut continues to gain momentum, with Bitcoin reaching $93,000, a new two-week highReminder: Please pay close attention to the following (all times are in Beijing time)Marvell (Minutes): AWS is the first to become Celestial AI's 'core leading customer'Hong Kong Stock Market Mid-Review: The Hang Seng Index opened lower and continued to decline, closing down 0.97%. The innovative drug concept remains weakImitating former chairman Ackermann? Deutsche Bank: Powell may remain as a governor after stepping down to defend the independence of the Federal ReserveData center business guidance exceeds expectations, "ASIC chip giant" Marvell surges after earnings reportWill the AI bubble in the United States burst in 2026?Tariffs "boomerang" hit the U.S. job market hard! Corporate executives call it "more difficult than during the pandemic"Low valuation, light positions! JP Morgan upgrades the rating of the Chinese stock market, optimistic about the acceleration of AI applications and the reversal of involutionUnderstanding the Market | XIANGXING INT rises over 22% as Westwell Technology makes a partial tender offer, focusing on commercial autonomous vehiclesGUM: The Mandatory Provident Fund V-shaped rebound offsets losses, with an average return of HKD 44,000Understanding the Market | YEEBO (INT'L H) rose over 10% during trading, MetaX will start its Sci-Tech Innovation Board subscription on December 5thTarget price raised to $370! HSBC: Gemini 3 successfully turns Google Search from defense to offenseMarvell: Acquisition to Fill Gaps, Is the NVIDIA 'Alternative' Path Becoming a Reality?This is the pressure of the "shadow Federal Reserve Chair"! The market is betting real money on more aggressive rate cuts in 2026Understanding the Market | YUNJI rises over 7% to set a new listing high, up 70% from the IPO price, leading the smart hotel robot application competitionUnderstanding the Market | XPENG-W fell more than 4% again, with November sales down 12% month-on-month, failing to reach the target of 40,000 vehicles