Mei Ri Jing Ji Xin Wen·2025-10-02 11:58Market Overview - Dow futures decreased by 0.03%, while S&P 500 futures increased by 0.13% and Nasdaq futures rose by 0.37% [1] Chinese Stocks - Most popular Chinese stocks saw gains, with Pinduoduo up by 1.45%, JD.com up by 1.79%, and Baidu up by 3.84% [2] Company Valuations - JPMorgan raised Alibaba's target price from $170 to $245, citing growth in cloud computing and e-commerce as support for a higher valuation. Alibaba's stock rose by 2.84% [2] - OpenAI's valuation reached $500 billion after completing a secondary stock sale worth approximately $6.6 billion, making it the most valuable startup globally, surpassing SpaceX's valuation of around $400 billion [2] IPO and New Products - German AI translation platform DeepL is exploring an IPO in the U.S., with a potential valuation of up to $5 billion [3] - Amazon launched a new private label "Amazon Grocery," offering products like milk, olive oil, fresh fruits and vegetables, and meat, with most items priced under $5 [3] AI Integration - Microsoft announced the integration of AI services into its Office suite, launching a higher-priced Microsoft 365 package that includes AI features like chatbots and image generation [4] Wealth Milestone - Elon Musk became the first person to surpass a net worth of $500 billion, primarily due to the rebound in Tesla's stock price and the rising valuations of his other startups [4] Collaboration Talks - Intel is reportedly in preliminary talks with AMD regarding the possibility of Intel manufacturing some AMD chips, with AMD's stock rising by 2.28% and Intel's by 0.11% [4]