华尔街见闻早餐FM-Radio｜2025年11月7日

Market Overview - In October, the number of layoffs announced by U.S. companies surged by 175.3% year-on-year, reaching the highest level for the same month in over 20 years, raising concerns about AI investment returns and leading to a sell-off in U.S. stocks and cryptocurrencies [2][13] - Major tech stocks, including Nvidia and Tesla, experienced significant declines, with Nvidia falling 3.6% and Tesla dropping 3.5% after shareholders approved Elon Musk's $1 trillion compensation plan [1][5] - The VIX index briefly surpassed 20, indicating heightened market volatility and fear [1] - The yield on the 10-year U.S. Treasury bond fell by 7.6 basis points, marking the largest single-day drop in two months [1][8] Company News - Nvidia is facing competition as Google plans to launch its most powerful AI chip, TPU Ironwood, which reportedly offers four times the performance and has secured a large order from Anthropic [4][15] - Tesla's shareholders approved Musk's compensation package, which has drawn mixed reactions amid ongoing discussions about AI companies' sustainability [5][16] - OpenAI's CFO indicated that the company has no immediate plans for an IPO and is focusing on scaling its operations, despite concerns about the AI market's volatility [16] Industry Insights - The semiconductor industry is witnessing significant developments, with AMD's Instinct MI308 AI chip receiving export approval to China, positioning it as a competitor to Nvidia's offerings [30] - The AI data center demand is driving growth in the optical products sector, as evidenced by Coherent's Q1 revenue increase of 17% year-on-year, surpassing market expectations [26][29] - The retail sector is expected to see the lowest holiday hiring levels since the financial crisis, with projections of 265,000 to 365,000 seasonal hires, while holiday spending is anticipated to exceed $1 trillion for the first time [2][14]