US stocks surrendered early gains on Thursday as investors weighed AI demand signals and a prolonged US-China trade war stoked by President Trump. The tech-heavy Nasdaq Composite (^IXIC) flipped from solid gains to a 0.2% loss, even Nvidia (NVDA) and other AI-related stocks floated higher after chip manufacturing giant TSMC's stellar earnings. The S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) both fell roughly 0.3%. Chip stocks were boosted early Thursday after TSMC (TSM) hiked its outlook ...

US stocks rose on Thursday as chip manufacturing giant TSMC's (TSM) stellar earnings buoyed AI demand hopes, taking minds off fears of a prolonged US-China trade war stoked by President Trump. The tech-heavy Nasdaq Composite (^IXIC) moved up nearly 0.5%, while the S&P 500 (^GSPC) put on roughly 0.3%, as Nvidia (NVDA) and other AI-related stocks floated higher in TSMC's slipstream. The Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, added 0.2%. TSMC (Taiwan Semiconductor Manufactur ...

Group 1: AI and Semiconductor Industry - TSMC, the world's largest contract chipmaker, reported a nearly 40% increase in Q3 profits, reaching almost $15 billion, and raised its full-year forecast due to bullish spending on AI [12][32] - The AI trend continues to drive demand for semiconductors, with companies like ASML, AMD, Nvidia, and Broadcom also expected to benefit from the growing need for chips [32] - Nvidia, a key player in the high-speed networking space, has seen fluctuations in its stock price, indicating its exposure to China amid ongoing trade tensions [22][32] Group 2: Labor Market and Economic Indicators - The Federal Reserve's Beige Book indicated a muted demand for labor, with employers reporting lower headcounts due to layoffs and the impact of AI on job replacement [8][9] - The unemployment rate has increased to 4.3%, suggesting a deterioration in the labor market since the summer months [9] - Despite rising input costs and inflation pressures, the Fed is considering interest rate cuts in response to trade tensions and labor market conditions [6][11] Group 3: Corporate Earnings and Market Reactions - Nestle's shares rose over 8% following a rebound in sales and a plan to cut 16,000 jobs as part of a turnaround strategy under new leadership [14] - Keycorp reported net interest income of $1.19 billion and adjusted earnings per share of 41 cents, beating estimates, which led to a pre-market share increase of nearly 1.5% [15] - Bank of New York Mellon experienced a 21% jump in Q3 profit, with total revenue reaching a record $5.08 billion, although shares remained flat in pre-market trading [16] Group 4: Data Center Investments - The data center sector is highlighted as a key area for investment opportunities, encompassing servers, networking, power, and cooling systems [18][19] - Companies like Dell, HPE, and Super Micro are seeing significant stock price increases due to their roles in providing AI-ready infrastructure [20] - Cooling systems and power management companies, such as Verdiff and Eaton, are also experiencing growth, with Verdiff's stock up 150% over the last six months [23][24]

Group 1: Market Overview - Stocks are expected to see further upside in early trading, with S&P 500 futures up by 0.4 percent [1] - Major index futures indicate a positive open, driven by optimism in the artificial intelligence sector [1] Group 2: Company Performance - Taiwan Semiconductor (TSM) reported a larger than expected surge in third-quarter profits, up by 2.3 percent in pre-market trading, driven by strong AI chip demand [1][2] - TSM raised its full-year revenue growth forecast and plans to commit up to $42 billion to capital expenditures by year-end [2] - Salesforce (CRM) surged by 6.5 percent in pre-market trading after forecasting stronger than expected revenue of over $60 billion in 2030 [3] Group 3: Economic Indicators - The Federal Reserve Bank of Philadelphia reported a significant pullback in regional manufacturing activity, with the diffusion index dropping to a negative 12.8 in October from a positive 23.2 in September [4] - The index's decline was much larger than economists' expectations of a drop to a positive 10.0, marking the lowest level since April [4] Group 4: International Markets - Stock markets in the Asia-Pacific region mostly moved higher, with Japan's Nikkei 225 Index up by 1.3 percent and Australia's S&P/ASX 200 Index advancing by 0.9 percent [7] - European markets showed mixed performance, with the French CAC 40 Index up by 0.9 percent, while the German DAX Index remained near unchanged and the U.K.'s FTSE 100 Index down by 0.2 percent [7] Group 5: Commodities and Currency - Crude oil futures increased by $0.40 to $58.67 a barrel, while gold futures surged by $61.60 to $4,263.20 an ounce [8] - The U.S. dollar is trading at 151.20 yen, up from 151.04 yen, and valued at $1.1651 against the euro compared to $1.1646 previously [8]

【时政新闻】 ⑥美联储理事沃勒：再次降息是正确的做法；可以降息25个基点，看看效果如何； ⑦欧洲央行管委Kocher：欧洲央行降息步伐已接近尾声； ⑧欧元区8月份国际货物贸易顺差为10亿欧元； 【市场动态】 ①美股三大股指期货上扬，截至发稿，道指期货涨0.16%，标普500指数期货涨0.36%，纳指期货涨 0.54%； ①美联储"褐皮书"：美国消费支出小幅下降，劳动力需求普遍低迷； ②美国法官暂时阻止特朗普政府在"停摆"期间裁员； ③法国政府在国民议会不信任动议投票中过关； ④巴勒斯坦总理：埃及将于11月举行加沙重建会议； ⑤美联储理事米兰：美联储应该降息50个基点，但预计实际将降25个基点； 【公司新闻】 ①台积电美股盘前涨超2%，公司第三季度净利润4523亿新台币，创历史新高。 ②欧洲主要股指多数上涨，截至发稿，英国富时100指数跌0.24%，法国CAC40指数涨0.92%，德国DAX 指数涨0.04%，欧洲斯托克50指数涨0.4%； ③现货黄金日内涨0.9%，现报4244美元/盎司； ④蔚来美股盘前跌超8%； ...

Market Overview - US stock index futures are all up, with Dow futures rising by 0.23%, S&P 500 futures up by 0.35%, and Nasdaq futures increasing by 0.48% [1] - European indices show mixed results, with Germany's DAX down by 0.14%, UK's FTSE 100 down by 0.24%, France's CAC40 up by 0.92%, and the Euro Stoxx 50 up by 0.40% [1] - WTI crude oil prices increased by 0.50% to $58.56 per barrel, while Brent crude rose by 0.71% to $62.35 per barrel [1] Employment Trends - There is a significant increase in job seekers looking for temporary holiday positions, with seasonal job search volume up by 27% year-over-year and 50% compared to 2023 [2] - Despite the high demand from job seekers, the number of seasonal job postings has only increased by 2.7%, indicating a competitive job market for temporary positions [2] Federal Reserve Speculations - Traders are betting on an unconventional rate cut of 50 basis points by the Federal Reserve before the end of the year, with SOFR options trading volume surging [3] - The market anticipates that the Fed's actions may be more aggressive than currently expected by other market observers [3] Banking Sector Insights - Major US banks reported record quarterly earnings driven by trading activity and accounts receivable, partly fueled by the AI boom [4] - However, several Wall Street executives warned of potential AI bubble risks, highlighting concerns over high stock valuations and price-to-earnings ratios [4] Economic Impact of Government Shutdown - A senior US Treasury official indicated that the ongoing federal government shutdown could result in economic losses of up to $15 billion per week, correcting earlier misstatements about daily losses [4] - This situation is seen as a positive catalyst for gold prices, which have surged over 60% this year [4] Company-Specific Developments - TSMC reported Q3 revenue of $33.1 billion, a 40.8% year-over-year increase, and raised its 2025 revenue growth forecast to the mid-30% range, reflecting strong demand for AI components [5] - Charles Schwab's Q3 net new assets reached $134.4 billion, a 48% year-over-year increase, exceeding market expectations [6] - Nestlé's Q3 sales growth was driven by price increases in its candy and coffee products, with organic sales growth of 4.3%, surpassing analyst expectations [7] - United Airlines reported Q3 revenue growth of 2.6% to $15.23 billion, driven by strong demand for premium seating [8] - Hewlett Packard Enterprise's profit and cash flow guidance for the next fiscal year fell short of analyst expectations, reflecting pressure on profit margins due to expensive AI chips [9] - Walmart's partnership with OpenAI is expected to boost its stock price, with analysts predicting it could join the trillion-dollar market cap club [10]

Market Overview - The market experienced intraday volatility, finishing mixed with a focus on optimistic factors, particularly comments from Scott Besson [2][5] - The E-Mini S&P 500 futures showed a broadening market structure, attempting to exceed the 20-day moving average, but closed slightly below it [4][5] - There is ongoing uncertainty regarding the government shutdown and its potential economic impact, with Treasury Secretary warning of costs up to $15 billion a day [8][9] Government Shutdown - The government shutdown could potentially be the longest in history, with implications for equity markets, although current market sentiment appears to be dismissive of immediate concerns [11][12] - Core services are still operational, and while some job furloughs are expected, the economic impact has not yet been significant [9][12] Earnings Reports - Taiwan Semiconductor Manufacturing Company (TSMC) reported earnings growth exceeding 30%, with revenue at $33.01 billion, surpassing expectations [14][15] - TSMC raised its revenue guidance to the mid-30% range and increased capital expenditure to $40 billion, indicating expansion plans driven by demand from companies like Nvidia and Apple [15][16] - Salesforce updated its revenue target for fiscal year 2030 to over $60 billion, reflecting optimism about product demand and potential margin expansion [19][20] Market Sentiment - The market is currently experiencing a consolidation phase, with a potential bullish outlook despite the ongoing challenges [6][7] - Investors are closely monitoring earnings season and the implications of trade talks with China [5][6]

Group 1 - US stock index futures are all up, with Nasdaq futures rising by 0.48%, S&P 500 futures up by 0.36%, and Dow futures increasing by 0.23% [1] - European stock indices show mixed results, with Germany's DAX down by 0.16%, UK's FTSE 100 down by 0.25%, France's CAC up by 0.92%, and the Euro Stoxx 50 up by 0.4% [1] - Tesla has achieved a shareholder return of 39,140% since its IPO, significantly outperforming the S&P 500 and other peers [1] - TSMC reported Q3 revenue growth of 30.3% year-on-year to NT$989.92 billion, with net profit up by 39.1% year-on-year to NT$452.3 billion, setting a record high [1] - Apple’s AI department faces a setback as Ke Yang, the head of the core Siri redesign, leaves for Meta [1] - Amazon founder Jeff Bezos has reduced his stake to below 10%, having sold over 100 million shares in the past year [1] - Google has launched a new video generation model, Veo 3.1, which shows improvements in audio output and image-to-video conversion [1] - Oracle has introduced a large-scale cloud AI supercomputer, Oracle Cloud Infrastructure (OCI) Zettascale10 [1] Group 2 - Salesforce has set a long-term goal to achieve over $60 billion in revenue by the fiscal year 2030 [2] - Carlyle and Boyu are reportedly leading a bid for Starbucks' China business, with a valuation potentially reaching around $4 billion [2] - Nestlé plans to lay off 16,000 employees over the next two years while further increasing its cost-saving targets [2] - Stellantis is relocating Jeep production to the US, with Canada threatening legal action against the move [2] - XPeng Motors' September export volume exceeded 5,000 units, marking a month-on-month increase of 65.8% and a year-on-year increase of 79.4% [2] - United Airlines reported Q3 revenue of $15.23 billion, slightly below expectations, with net profit down by 1.7% year-on-year to $949 million [2]

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Taiwan Semiconductor Manufacturing Company, Asia's largest technology company, saw profits increase by more than 39% in the third quarter, compared to a year ago, signaling the boom in AI spending and stocks isn't over yet, despite growing warnings of a bubble. The chip maker reported revenues of NT$989.92 billion new Taiwan dollars for the September quarter. Analysts were expecting NT$977.46 billion. Net income came in at NT$452.3 billion, vs. expectations of NT$417.69 billion. The strong performance of ...