Xin Lang Cai Jing·2025-11-24 13:31Group 1 - Nokia plans to invest $4 billion in the U.S. for AI research and production to enhance AI network connectivity [3] - Goldman Sachs partner Tony Pasquariello notes signs of capitulation among bulls in the U.S. stock market, indicating a potential new phase in the AI cycle [4] - Pasquariello expresses concerns about the sustainability of capital expenditures and future returns from large cloud service providers despite Nvidia's impressive earnings [4] Group 2 - Google introduces BigQuery AI, integrating generative AI into user data management, streamlining the machine learning lifecycle without data migration [5][6] - Citic Securities remains optimistic about the AI PCB sector, citing Nvidia's strong performance and Google's Gemini 3 model as indicators of ongoing growth in the AI industry [6] - Apple's iPhone 17 Air, marketed as the "thinnest iPhone ever," has underperformed in sales, prompting a significant cut in production plans [7]