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 highMarvell (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 vehiclesThe three major A-share indices showed mixed performance, with the Shanghai Composite Index down 0.2%. The lithium battery industry chain strengthened, while Hong Kong stocks opened lower and continued to decline, with the Hang Seng Index falling over 1%, and technology stocks broadly declinedConcerns about AI bubble intensify, Oracle's debt panic indicator hits a new high since 2009AWS CEO: How Amazon Makes a Comeback in the AI Era? Delivering Cheaper and More Reliable AI at ScaleUnderstanding the Market | LOPAL opened over 7% higher, holding subsidiary signs nearly 5 billion yuan long-term contract with SunwodaAccelerating into the AI chip battlefield! Amazon launches the next generation of self-developed chip Trainium 3: four times faster, 40% lower energy consumption, focusing on cost performanceIBM CEO: With current costs, investing trillions to build AI data centers is "impossible to make a profit""American Black Friday Shopping Season" Observation: ChatGPT's shopping recommendation volume increased by 28%, with Amazon and Walmart accounting for nearly 70% combinedAre prestigious schools also hitting landmines in investments? Just before the sharp decline of Bitcoin, Harvard heavily invested $500 millionCITIC Securities: Tesla's robots are close to mass production and finalization, and domestic related companies are expected to benefit successivelyChallenging NVIDIA? Marvell acquires Celestial AI, betting on "next-generation optical interconnect technology"Spending $29 billion! Saudi Arabia has almost "completely bought" EAJD Industrial plans to globally issue 211 million shares, expected to be listed on December 11Breakfast | Interest rate cut expectations rise, Nasdaq and S&P 500 increaseThe selection of the Federal Reserve Chair becomes clearer, and economic data will be released intensively, leading to increased market bets on interest rate cutsReminder: Please pay close attention to the following (all times are in Beijing time)ADP employment data is coming! The U.S. private sector is expected to remain stable in November, and the resilience of the labor market may exacerbate internal divisions within the Federal ReserveWhy did OpenAI launch a "red alert"? Should NVIDIA also raise a red flag? A visual representation of AI competitionDecember 3rd External Headlines: Amazon launches latest self-developed chip, Citigroup expands investment-grade bond trading team, Trump plans to extend entry ban to about 30 countries