Nvidia(US:NVDA) Sou Hu Cai Jing·2025-11-25 22:00Group 1: Market Performance - Major tech stocks showed mixed performance, with Meta rising over 3%, Google and Amazon up over 1%, while AMD fell over 4%, Netflix down over 2%, and Oracle down over 1% [1] - Nvidia experienced a significant drop, falling over 7% at one point, closing at $177.82, down 2.59%, resulting in a market value loss of approximately $114.94 billion (around 81.43 billion RMB) [1][2] Group 2: Competitive Landscape - Google is reportedly making substantial progress in challenging Nvidia's leading AI accelerator chips, prompting investors to reassess the tech landscape and potential shifts in market leadership [4] - Analysts note that the narrative of Nvidia being the sole provider of chips for data center expansion has changed, as Google is now seen as a strong competitor in the AI race [4] - Google has advantages over OpenAI, including vast existing data for training AI models, continuous profits, and its own computing infrastructure [5] Group 3: Economic Indicators - The latest U.S. economic data for September shows a year-on-year PPI increase of 2.7%, matching expectations, while the core PPI rose by 2.6%, slightly below the forecast [11] - Retail sales in September increased by 0.2%, below the expected 0.4% [11] - Consumer confidence in the U.S. has dropped significantly, with the index falling 6.8 points to 88.7, indicating growing concerns about the labor market and overall economic outlook [11]