Former Treasury Secretary Larry Summers: There is no need to build a reserve of bitcoin, Musk's 'grand ambition' cannot be achieved!
① Former usa Treasury Secretary Summers dismissed the idea of the Trump administration establishing a bitcoin asset reserve, calling it "crazy" and questioning its necessity. ② He stated that Musk's goal of saving 2 trillion dollars in spending is difficult to achieve, as the government's main expenditures are on defense and support for the elderly, making spending cuts or tax increases politically challenging.
The usa stock, bond, and foreign exchange markets are all under pressure: no one dares to act rashly before the non-farm payrolls battle!
Before the key non-farm employment data from the usa is released this Friday, both the rise of US stocks and the dollar showed signs of stalling on Thursday, while the US bond market was also caught in a weak consolidation pattern; for a moment, it seemed that no one on Wall Street dared to take any rash actions.
The first batch of OpenAI's game changers has arrived, allowing unlimited use of its models under ChatGPT Pro, including the 'most asia vets' o1.
The ChatGPT Pro package is priced at $200 per month, including the Advanced Voice advanced voice mode and models such as GPT-4o, o1, as well as the exclusive o1 version o1 pro mode. In benchmark tests in mathematics, science, and coding, o1 pro mode scores higher than o1, with even greater advantages in tests with stricter reliability requirements. In addition, the ChatGPT Plus package includes o1, with a monthly fee of $20.
Nvidia strengthens its presence in Southeast Asia: the AI research and development center in Vietnam has been launched, and the state-owned enterprise Viettel has received technical support.
Nvidia is accelerating its布局 in Southeast Asia. On Thursday, Nvidia's CEO Jensen Huang announced that an AI research and development center will be established in vietnam to promote the development of the AI industry in vietnam by building AI infrastructure, training vietnamese AI experts, and supporting AI startups. In addition, Nvidia will acquire the AI division of vietnam's Vingroup.
Futu Morning Report | Non-farm data is arriving tonight! Goldman Sachs: This could determine whether there will be another rate cut in December; another major bank is optimistic! Wells Fargo raises its outlook for the S&P to 7007 points.
After hours, it surged over 8%! Lululemon's Q3 performance exceeded expectations; after accurately predicting that bitcoin would reach $100,000 this year, Standard Chartered's analyst is bullish again: predicting it will reach the significant milestone of $200,000 by the end of next year; OPEC+ has continued its three sets of production cut measures, extending the additional voluntary reduction of 2.2 million barrels per day for three months.
Elon Musk's xAI has completed a new round of financing, and the valuation is reportedly over 40 billion dollars.
① Elon Musk's ai startup xAI has completed a new financing round of $6 billion, with a valuation exceeding $40 billion. ② xAI was founded by Musk in 2023 and completed the $6 billion financing in May of this year, at that time the valuation was $24 billion.
Foreign media: The nvidia Blackwell plan will be completed in manufacturing in the usa.
According to reports, if Taiwan Semiconductor reaches a final agreement with Nvidia, this will bring another important customer to Taiwan Semiconductor's factory in Arizona, which is scheduled to start mass production next year. However, although Taiwan Semiconductor plans to carry out the front-end process production of Blackwell chips in Arizona, these chips still need to be packaged back in China Taiwan.
Top 20 by transaction amount | Received bullish reports from multiple brokerages, Tesla rose over 3%, reaching a new high since April 2022; microstrategy opened high and fell back, closing down nearly 5%.
On Thursday, Tesla topped the U.S. stock trading volume with a 3.23% increase, reaching the highest level since April 2022, with a transaction volume of 30.035 billion USD. nvidia ranked second with a slight decrease of 0.05%, with a transaction volume of 24.998 billion USD. microstrategy ranked third with a 4.83% decline, with a transaction volume of 18.583 billion USD.
U.S. stocks closed | All three major indexes fell together, with Tesla rising more than 3% against the market; cryptos concept surged and then fell back, with MSTR dropping nearly 5%.
Wells Fargo & Co predicts that, benefiting from the macro economy and monetary policy, the US stock market will continue to rise, with the s&p 500 index expected to reach 7000 points by the end of next year.
Intensifying competition! Reports indicate that amazon is persuading cloud customers to avoid nvidia and switch to its own chips.
Analysis suggests that if amazon can shift customer spending to its self-developed server chips, as these chips are cheaper for cloud customers due to their significantly lower power consumption compared to nvidia chips, this will enhance amazon's profit margins. Moreover, it can also prevent nvidia from occupying more cloud market share by directly renting out its chip servers to enterprises.
U.S. stocks closed: The three major indices collectively fell ahead of the non-farm payrolls, while Chinese concept stocks regained upward momentum.
① Chinese concept stocks have resumed their upward momentum, with the Golden Dragon Index rising for 5 out of the last 6 trading days; ② AI application concept stock SoundHound AI surged by 31%; ③ CEOs of pfizer and eli lilly and co are rumored to have dined with Trump; ④ Progress in the assassination case of the CEO of a usa medical insurance giant: the killer left a death message.
Stock Markets' Winning Streaks End Ahead of Friday Jobs Report
Express News | There is a 70.1% probability of the Fed cutting interest rates by 25 basis points in December.
Uber Will Deliver Your Christmas Tree And In Some Cities Bring Carolers To Houses
EXCLUSIVE: VOLT ETF Taps $7 Trillion Electrification Boom Fueled By AI Power Demand
Santa Rally: 10 S&P 500 Stocks That Outperform In December's Second Half
SPDR S&P 500 ETF Options Spot-On: On December 5th, 6.01 Million Contracts Were Traded, With 18.61 Million Open Interest
On December 5th ET, $SPDR S&P 500 ETF(SPY.US)$ had active options trading, with a total trading volume of 6.01 million options for the day, of which put options accounted for 54.02% of the total
Tsunami Warning Cancelled After California Earthquake
Mag 7's AI Boom Will Supercharge Natural Gas Sector As Power Demands Become Insatiable: Analyst
James Cameron's Firm and Meta to Create Experiences for Quest VR Headset