Market
Close on November 7: The three major indices showed mixed movements, with chip stocks rebounding. AI Regulatory concerns remain.
On November 7th, most of the popular Chinese concept stocks rose in value, with TSMC increasing by over 6% and Li Auto rising by over 5%.
Macro
After the Republican Party's defeat in the midterms, Trump's chief economic advisor stated that the government would not adjust its economic policies.
Company
The election results did not change OpenAI's expansion plans. The company's chief financial officer stated that they will continue to invest in data centers and advance financing efforts.
It is reported that OpenAI has completed financing of approximately $11 billion, with a valuation reaching $1.25 trillion.
Meta launches Spaces for the Muse intelligent entity, which can automatically build trackers, planners, and project dashboards.
According to reports, at the request of NVIDIA, TSMC plans to enter the manufacturing of advanced storage chips and deploy 3D DRAM.
Comment
In October, the number of non-farm jobs in the United States increased by 165,000, far exceeding expectations; the unemployment rate dropped to 4.1%, indicating that the labor market remains strong.
Bank of Japan Governor Haruhiko Kuroda stated that if the country faces severe shocks in the future, it may have to resort to quantitative easing measures.
