Core Insights - The article discusses the latest 13F holdings of H&H International Investment, revealing a total market value of approximately $14.68 billion, a 28% increase from the previous quarter, with a high concentration in the top ten holdings [1][2]. Holdings Summary - The largest holding is Apple (AAPL) with a market value of approximately $8.87 billion, accounting for 60.42% of the portfolio, showing a slight decrease of 0.82% [2]. - Berkshire Hathaway (BRK.B) is the second-largest holding at approximately $2.61 billion, with a significant increase of 53.53% [2]. - Other notable holdings include Pinduoduo (PDD) at approximately $1.13 billion, Occidental Petroleum (OXY) at approximately $640 million, and Alibaba (BABA) at approximately $496 million, with Alibaba seeing a notable decrease of 25.86% [2]. - New additions to the portfolio include ASML, while there were reductions in positions for Alibaba and Nvidia, with Nvidia seeing a decrease of 38.04% [2]. Investment Philosophy - The investment philosophy emphasizes understanding the business before investing, stating that "buying stocks is buying companies," which requires a deep understanding of the company's business model and culture [3][4][11]. - The importance of a "not-to-do list" is highlighted, suggesting that avoiding certain investments can be as crucial as making the right ones [12][15]. - The article discusses the significance of company culture and strategic focus, citing examples like Apple and its commitment to product quality and user experience [11][18]. Market Trends and Observations - The discussion includes insights on the semiconductor industry, particularly Nvidia's strong position and the challenges faced by electric vehicle companies due to lack of differentiation [13][18]. - The potential impact of AI on various industries is acknowledged, with a note that while AI will bring significant changes, it will not replace the need for sound investment decisions [18]. Recommendations for Investors - Investors are advised to focus on understanding the companies they invest in and to avoid following trends without comprehension, as this can lead to poor investment outcomes [15][18]. - The article suggests that investing in index funds, such as the S&P 500, can be a safer strategy for those who may not have the time or expertise to analyze individual stocks [15].

完整早报音频，请点击标题下方小耳机收听 【 谷歌最强AI模型Gemini 3登场 】 北京时间11月19日凌晨，谷歌正式推出全新的Gemini 3系列模型，并将其定 位为迄今"最智能""事实最可靠"的AI系统。 谷歌所有用户均可在Gemini应用里直接使用新的旗舰模型Gemini 3 Pro，并同步将其引入搜索订阅服务。 Gemini 3 Pro的核心能力是"原 生多模态"，能 一次性处理文字、图片与音 频 。 在谷歌搜索的AI Mode中，Gemini 3 Pro也会以更直观的方式呈现结果，包括图片、表格、网格甚至模拟内 容。 Gemini 3 Pro的推理与智能体能力也显著增强，更能应对复杂任务，并具备 稳定的长期规划能力 。 目前， Gemini 3 Pro排在广泛使用的评测平台LMArena榜首。 Gemini 3 Pro已在Gemini应用内向所有用户开放，美国地 区的Google AI Pro和Ultra订阅用户也可在搜索的AI Mode中选择"Thinking"使用这一模型。 （IT之家） 【贝索斯创办人工智能初创公司，马斯克回应： "跟屁虫"】 据知情人士称，亚马逊创始人杰夫 ・ 贝索斯创办了 ...

2011年，台积电创始人张忠谋时任CEO，颁发台积电内部最高荣誉"TSMC Medal of Honor"，称罗唯 仁"勇于承担，做出重要技术决策"，对他技术贡献高度肯定。 罗唯仁是协助台积电突破当年研发10nm制程瓶颈的关键人物。他当时提出"夜鹰计划"，打造结合"日 鹰"与"夜鹰"，24小时运作的先进制程研发中心，并与设备商组成全天候应变小组，联手开发新设备， 助力台积电跨过10nm研发难关。 罗唯仁"带枪投靠"说法仍待釐清，且已引起台积电与政府相关单位注意，一切静待后续调查。 中国台湾高检署知识产权分署已分案侦办，釐清是否违反营业秘密法等行为。中国经济部门仅回应称， 已请同事了解实际状况，但尊重台积电，还是要由台积电说明。 根据台积电相关资料，罗唯仁拥有美国加州大学柏克莱分校固态物理及表面化学博士学位，2004年加入 台积电，21年来历任多项重要职务，带给客户更全面、创新的解决方案，领导团队突破技术瓶颈，在全 球获得超过1500项专利。 业界11月18日传出，台积电前技术研发暨企业策略发展资深副总经理罗唯仁今年7月退休，10月转战英 特尔，但疑似退休前利用高级主管职权，要求员工制作台积电2nm、A16、A ...

Key Takeaways Why investors might want to start buying stocks amid the market's AI-driven pullback.Taiwan Semi is a top buy-and-hold tech stock and AI investment.Buy Zacks Rank #1 (Strong Buy) AI infrastructure stock Vertiv on the dip?Selling returned to the stock market on Monday and continued through early afternoon trading on Tuesday. Wall Street dropped artificial intelligence and big tech stocks ahead of Nvidia’s earnings release on Wednesday.The AI-driven pullback offers a chance for long-term investo ...

Market Overview - On November 18, U.S. stock indices experienced a significant decline, with the Dow Jones down 1.22%, S&P 500 down 1.13%, and Nasdaq down 1.72% [1][2]. - European markets also fell, with the UK FTSE 100 dropping over 1%, and major indices in France, Germany, and Italy declining by more than 2% [2]. Labor Market Data - According to ADP, U.S. companies cut an average of 2,500 jobs per week in the four weeks ending November 1, indicating a loss of momentum in the labor market [2][3]. - The U.S. Department of Labor reported that the number of initial jobless claims was 232,000 for the week ending October 18, with continuing claims at 1.957 million [3]. Federal Reserve Insights - The upcoming non-farm payroll report is expected to be crucial for the Federal Reserve, especially given the recent labor market data [4]. - The probability of a 25 basis point rate cut by the Federal Reserve in December has dropped below 50%, down from 95% a month ago, reflecting increased market uncertainty [5]. Investment Sentiment - A monthly survey by Bank of America indicated that global investors increased their allocation to stocks and commodities in November, while cash holdings fell to 3.7%, triggering a "sell" signal [5]. - The survey highlighted that 45% of investors view the "AI bubble" as the biggest tail risk, with a record number of investors believing companies are "over-investing" [5]. Technology Sector Performance - Major tech stocks saw declines, with Nvidia, Amazon, and TSMC dropping over 3%, while Microsoft and Meta fell over 2% [7]. - Nvidia and Microsoft announced a strategic partnership with AI startup Anthropic, with Nvidia committing up to $10 billion and Microsoft up to $5 billion [7]. Cloudflare Incident - Cloudflare experienced a significant network outage affecting multiple platforms, leading to a stock price drop of over 7% at one point, closing down over 3% [7][8]. Chinese Stocks Performance - The Nasdaq China Golden Dragon Index fell over 1%, with notable declines in stocks like Pinduoduo (down over 6%) and Tencent Music (down over 3%) [8].

RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, released its “RiverPark Large Growth Fund” Q3 2025 investor letter. A copy of the letter can be downloaded here. U.S. equity markets recorded strong gains in the third quarter, with the S&P 500 Total Return Index rising 8.12% and the Russell 1000 Growth Index returning 10.51%. The fund also surged in the quarter and returned 4.73%. Market leadership was narrow in the quarter, with a few mega-cap tech and con ...

MIAMI, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Defiance ETFs is proud to announce the launch of the Defiance Daily Target 2X Short TSM ETF (Ticker: STSM), the newest addition to its growing suite of single-stock leveraged and inverse ETFs. STSM is designed for traders seeking magnified, short-term bearish exposure to Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), the world’s leading semiconductor foundry. The fund seeks to deliver -200% of the daily percentage change in the share price of TSM, be ...

Baron Funds released its “Baron Durable Advantage Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund appreciated 5.6% (Institutional Shares) in the quarter compared to an 8.1% increase for the S&P 500 Index (the Index). YTD, the fund is up 13.6% compared to a 14.8% gain for the index. Three-quarters into 2025, U.S. large-cap equity investors are enjoying gains. The rally from the start of 2023 still looks strong in this quarter. In addition, you can check the fu ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is a Taiwanese multinational semiconductor foundry that is the world’s largest contract manufacturer of chips. It is set to report its Q4 2025 earnings on Jan. 15. Wall Street analysts expect the company to post EPS of $2.73, up from $2.24 in the prior-year period. According to Benzinga Pro, quarterly revenue is expected to reach $32.60 billion, up from $26 ...

Key Points TSMC is the world’s largest and most advanced contract chipmaker. ASML provides the lithography tools that enable TSMC to produce those chips. One of these linchpins faces more headwinds than the other. 10 stocks we like better than Taiwan Semiconductor Manufacturing › TSMC (NYSE: TSM) and ASML (NASDAQ: ASML) are both linchpins of the semiconductor market. Taiwan Semiconductor Manufacturing (TSMC) is the world's largest and most advanced contract chipmaker. ASML is the largest producer ...