10月17日早餐 | 美银行股重挫；金银齐创新高

Market Overview - US stock indices experienced a decline for the first time this week, with the S&P 500 down 0.63%, Dow Jones down 0.65%, and Nasdaq down 0.47%. The financial sector led the decline, dropping nearly 3% as regional banks Zions and Western Alliance reported rising non-performing loans, both falling over 10% [1] - The Nasdaq China Golden Dragon Index fell by 0.91%, with Century Internet down 5.84% and New Oriental down 5.10% [2] - US Treasury prices rose, with the 10-year yield dropping below 4.0%, reaching a six-month low, while the two-year yield hit a three-year low [3] Commodity and Currency Movements - The US dollar index fell for three consecutive days, reaching a weekly low, while the offshore RMB approached the 7.12 mark, hitting a monthly high. Gold and silver prices reached historical highs, with gold surpassing $4300 for the first time and silver rising over 4% [4] - Crude oil prices hit a five-month low, with EIA data showing an increase in crude oil inventories, leading to a nearly 2% drop in oil prices [4] Company Highlights - Oracle reported that its orders have exceeded $500 billion, with expectations that AI infrastructure projects could achieve a gross margin of 35%. The company anticipates revenues of $225 billion for the fiscal year 2030, surpassing analyst expectations, leading to a 5% increase in stock price [1] - ByteDance's Volcano Engine disclosed a significant increase in token usage for its large model, growing from 120 billion tokens in May 2024 to over 30 trillion tokens by September this year, indicating a substantial rise in computational demand [11] - The China National Nuclear Corporation's "Linglong No. 1" small modular reactor successfully completed its cold functional test, marking a significant breakthrough in China's nuclear power innovation [10] Investment Opportunities - The "Linglong No. 1" reactor is expected to generate 1 billion kWh annually and has a domestic equipment localization rate of over 90%, which could revitalize the nuclear equipment and fuel supply chains [10] - The construction of the 350MW tower solar thermal power project in Qinghai, which is the largest of its kind globally, has commenced with an investment of approximately 5.435 billion yuan [12] New Stock Offerings - A new stock offering is available for subscription: Bibet, on the Sci-Tech Innovation Board, with a subscription price of 17.78 yuan per share, focusing on innovative drug development for various cancers and autoimmune diseases [14]