Nvidia(US:NVDA) Sou Hu Cai Jing·2025-11-04 06:35Group 1: Economic Indicators - The US manufacturing sector has contracted for the eighth consecutive month, with output declining and demand remaining weak [4] - The ISM report indicates a continued downturn in manufacturing activity for October [4] - The third quarter saw corrugated box sales in the US reach their lowest level in a decade for the same period, raising concerns about weak holiday retail performance [4] Group 2: Market Movements - The S&P 500 and Nasdaq indices rose on Monday, driven largely by AI-related trades, while the short-term monetary policy outlook from the Federal Reserve has become increasingly unclear [2] - US Treasury yields have increased due to high corporate bond issuance, maintaining a pessimistic tone in the Treasury market [2] - The dollar has strengthened against the euro, reaching a three-month high, amid doubts about the Fed's potential rate cuts this year [2] Group 3: Corporate Developments - Tesla's sales in multiple European markets saw a significant decline in October, continuing a trend of low performance over several quarters [6] - Amazon's cloud division signed a $38 billion deal with OpenAI to provide computing power based on Nvidia technology [6] - Alphabet, Google's parent company, is reportedly seeking to issue approximately $25 billion in bonds in the US and Europe, attracting around $90 billion in subscriptions [6] Group 4: Trade Relations - The US will suspend port fees for Chinese vessels starting November 10 for one year [7] - China is reportedly seeking to purchase US wheat for the first time in over a year, with a major grain importer inquiring about shipping schedules from December to February [7]