华尔街见闻早餐FM-Radio｜2025年11月17日

Market Overview - Nvidia rebounded nearly 2%, helping the Nasdaq reverse three consecutive declines, while the S&P 500 failed to rebound and the Dow Jones fell for two consecutive days, but all indices saw gains over the week, with the Nasdaq declining for two weeks [1] - The UK government is considering abandoning plans to raise income tax, leading to a rise of over 10 basis points in the yield of 10-year UK bonds [1][8] - Oil prices surged, with WTI crude oil rising over 3% at one point, while gold and silver prices fell sharply [1] - Bitcoin's bear market intensified, dropping below $93,000, erasing all gains for the year and falling over 26% from its peak of over $126,000 on October 6 [1][7] Economic Data - China's October economic data showed industrial value-added growth of 4.9% year-on-year, retail sales growth of 2.9%, fixed asset investment down 1.7%, and real estate investment down 14.7%, all below September's figures [16] - The decline in real estate investment and housing prices continues, with first-tier second-hand housing prices decreasing by 0.9% month-on-month and a year-on-year decline expanding [16] Company News - Semiconductor company SMIC reported nearly full production in Q3 and expects annual revenue to exceed $9 billion, but noted significant price increases in memory chips [23] - Samsung has raised the prices of server memory chips by 30%-60% due to severe supply shortages driven by the AI data center construction boom [23] - Berkshire Hathaway has accelerated the sale of Apple shares, selling 41.79 million shares in Q3, while also building a position in Google [24] - Bridgewater cut its Nvidia holdings by 65% in Q3 and halved its positions in Google and Meta, while increasing its holdings in the US market index [24] Industry Trends - The Chinese market regulatory authority released a draft guideline on antitrust compliance for internet platforms, identifying eight new types of monopoly risk scenarios [17] - The electric power supply situation in the US is projected to fall below critical levels by 2030, while China is expected to have a surplus of 400 GW of backup power [33] - The semiconductor supply chain remains fragile due to geopolitical tensions, with ongoing concerns about the stability of supply chains [27]