Zhong Guo Ji Jin Bao·2025-11-25 08:24Group 1: Nvidia's Market Position - Nvidia's stock price declined by 2% following reports that Meta is in talks to invest billions in Google's AI chips, indicating a potential challenge to Nvidia's dominance in the AI accelerator market [3][4]. - Google's stock rose by 2.7% in after-hours trading, reflecting positive market sentiment regarding its Tensor Processing Units (TPUs) as a viable alternative to Nvidia's chips [4]. - The potential agreement with Meta, a major player in AI development, could significantly bolster the adoption of TPUs, which have been designed specifically for AI tasks [4]. Group 2: Impact on SoftBank - SoftBank Group's stock plummeted, reaching a two-and-a-half-month low, as concerns grew over increased competition for OpenAI from Google's newly launched Gemini AI model [5][6]. - The stock experienced a sharp decline of 11%, marking a notable downturn even for a typically volatile stock like SoftBank [6]. - SoftBank's market capitalization has fallen over 40% from its recent peak, where it briefly surpassed 40 trillion yen (approximately $255 billion) [9]. Group 3: Broader Market Trends - The A-share market saw a collective rebound, with major indices rising: Shanghai Composite Index up 0.87%, Shenzhen Component Index up 1.53%, and ChiNext Index up 1.77% [11]. - A total of 4,300 stocks rose, with 95 stocks hitting the daily limit up, indicating a strong market performance overall [12]. - Specific sectors, such as computing hardware and AI applications, showed significant gains, with stocks like Dekoli and Guangku Technology reaching their daily limit up [14][16].