11.26日报

Group 1 - The U.S. retail sales fell by 0.2% in September, primarily due to the expiration of electric vehicle tax incentives and a decline in auto sales, which may support a rate cut in December [1] - Nvidia's stock plummeted due to the rise of Google's TPU, breaking its uniqueness in the market. AMD also saw a decline, losing its position as a viable alternative to Nvidia. Nvidia reassured the market of its lead over TPU, but the loss of monopoly status could significantly reduce its premium [1] - Atour's Q3 revenue reached 2.63 billion, a year-on-year increase of 38.4%, with a net profit of 490 million, up 27%. The average room revenue was 371.3 yuan, recovering to 97.8% of the same period last year, and the company raised its full-year revenue guidance. Compared to peers, Atour's performance stands out as Jinjiang's revenue declined, while Junting and Huazhu grew by 4% and 8%, respectively [1] Group 2 - NIO reported a Q3 loss of 2.74 billion, with CEO Li Bin stating that the company would achieve profitability in the next quarter, although the market remains skeptical, leading to a continued decline in stock price [2]