Hedge Fund "Short to Long": U.S. stocks net buying in two days hits a six-month high, tech stock shorts are aggressively covered"Trump's confidant" Hassett leads the race for Federal Reserve Chair, and the market sees Bernanke's shadowThe sharpest spear in the offensive of AI in the Hong Kong stock marketThe U.S. Medicare announced a reduction in prices for 15 drugs, with semaglutide slashed by 71%How did Google achieve "AI counterattack"? CEO Pichai discusses Gemini 3, Vibe Coding, and AI full-stack strategyHong Kong Stock Midday Review | Hang Seng Index rose 0.46% in the morning session, Meituan leads blue chipsWhere has the AI "bubble" reached?Western Securities: The valuation and profitability of the chemical industry have both bottomed out, with high-performance new materials becoming the core of growthCITIC International: Alibaba-W's core business remains strong, maintaining a "Buy" ratingAlibaba's "Growth Strategy 2.0": From "No Matter the Cost" to "Efficient Growth," Q3 is the Profit Turning PointDell (Minutes): The company's value lies in the overall solutions at level L11 and above.Japanese chip manufacturer Rapidus plans to build a 1.4-nanometer wafer factory to accelerate its catch-up with Taiwan SemiconductorUnderstanding the Market | YOFC rose nearly 7% as Google TPU chips attract attention; institutions optimistic about AI-driven growth in data communicationThe collapse of cryptocurrencies drags down the short-term outlook for the US IPO marketUnderstanding the Market | Alibaba-W fell over 2% intraday, with adjusted net profit for the second fiscal quarter down 72% year-on-yearShenwan Hongyuan: Maintains "Buy" rating on XPENG-W, Q3 meets expectations, fully transforms into an AI companyUnderstanding the Market | MEITUAN-W rose nearly 7% in early trading, Alibaba stated that its investment in Taobao Flash Sale is expected to significantly shrink next quarterTencent's Mix Yuan 3D Creation Engine Launches International SiteApple reclaims the global smartphone throne after more than a decade, defeating old rival SamsungCICC: Maintains Alibaba-W outperform industry rating with a target price of HKD 197Goldman Sachs launches "The Most Important Trade of 2026": AI Productivity Beneficiary PortfolioDell DELL: Storage Price Increase Adds to Troubles? AI Guidance Provides SupportThe most important chart in the current market: "Google Chain" vs "OpenAI Chain"“MSTR may be removed from the MSCI index” ignites conflict, “crypto circle little Deng” battles “Wall Street old Deng” drama unfoldsWill software engineering be "completely over" as early as the first half of next year?Li Auto's short interest in Hong Kong stocks hits a new highMeta is in talks to use Google chips, challenging NVIDIA's dominanceMarket expectations reverse: The probability of the Federal Reserve cutting interest rates in December soars to 80%, with record bets from bond bullsWhy did Alibaba's stock "open high and close low" after the earnings report? Goldman Sachs: AI and cloud business exceeded expectations, but the statement about "short-term volatility" intensified concerns about e-commerceIn the past three days, the open interest in interest rate futures has surged, and the market is "convinced" that the Federal Reserve will cut interest rates in December. Will the market be wrong this time?Weekend private letter "point by point" rebuttal to the "big short," posting on Tuesday to "prove" leading Google, is NVIDIA a bit anxious?Former Bank of Japan monetary policy chief: Yen weakness increases the likelihood of a rate hike in DecemberUS Stock Fund Activity List | Meta rises nearly 4%, considering spending billions of dollars to purchase Google TPUThe CEO of Sequoia praises Google Gemini 3: The world has changed once again, I will abandon ChatGPTBreakfast | Economic data is favorable for the Federal Reserve to cut interest rates in December, with the three major U.S. stock indices rising for three consecutive daysZhitong Hong Kong Stock Early Knowledge | Alibaba-W's second quarter net profit attributable to the parent company decreased by 52% year-on-year, and the action plan for the high-quality and safe development of commercial aerospace has been issuedPanic sentiment cools, options market indicates that the Bitcoin crash is likely to endReminder: Please pay close attention to the following (all times are in Beijing time)NVIDIA actively counters the AI bubble theory: GPUs are comprehensively ahead of Google's TPUs, "big short" Burry miscalculatesOvernight U.S. Stocks | Fed Rate Cut Expectations Resurface, Three Major Indices Rise, NVIDIA Falls 2.59%November 26th Foreign Market Headlines: Hassett may lead the candidates for Federal Reserve Chair, Dell releases strong earnings outlook, NVIDIA claims its GPUs are a generation ahead of Google's AI chipsThe two-year U.S. Treasury yield fell by more than 4 basis points, with reports indicating that Hassett has a clear lead among candidates for Federal Reserve ChairWeight loss of 14.5%! After the Alzheimer's trial failed, Novo Nordisk released positive data on a new weight loss drug, boosting stock pricesDell Tech expects full-year revenue of $111.2 billion to $112.2 billion, up from the previous estimate of $105 billion to $109 billion.
AI server shipments are expected to be $25.8 billion, while analysts expect $20.82 billion, and the company originally estimated $20 billionAlphabet rose 1% in late trading, with reports that Meta plans to purchase Google TPU chipsIn September, the U.S. PPI rose by 0.3% month-on-month, driven by rising energy costs pushing inflation up