Shang Hai Zheng Quan Bao·2025-11-29 01:15Core Viewpoint - The expectation of a Federal Reserve interest rate cut has led to a strong performance in the stock market, with major U.S. indices recording five consecutive days of gains, particularly in technology stocks and commodities [1][2]. Group 1: Stock Market Performance - Major U.S. indices closed higher for the fifth consecutive trading day, with the Dow Jones up 0.61% to 47,716.42 points, the S&P 500 up 0.54% to 6,849.09 points, and the Nasdaq up 0.65% to 23,365.69 points [3]. - For the week, the Dow Jones rose 3.18%, the S&P 500 increased by 3.73%, and the Nasdaq gained 4.91%. In November, the Dow Jones saw a cumulative increase of 0.32%, the S&P 500 rose by 0.13%, while the Nasdaq fell by 1.51% [5]. Group 2: Technology Stocks - Large technology stocks generally rose, with Meta gaining over 2%, Amazon up more than 1%, and Microsoft increasing by over 1%. Intel saw a significant rise of over 10% following positive analyst predictions [5][8]. - The Philadelphia Semiconductor Index rose by 1.82%, with notable gains in semiconductor stocks such as Intel, which surged over 10%, and Micron Technology, which increased by over 2% [5]. Group 3: Intel and Apple Collaboration - Analyst Ming-Chi Kuo predicts that Intel may start shipping Apple's entry-level M-series processors as early as 2027, following a recent increase in the likelihood of Intel becoming a supplier for Apple's advanced process technology [6][9]. - Apple has reportedly signed a confidentiality agreement with Intel and is awaiting the release of the PDK 1.0/1.1 in early 2026, which will determine the timeline for production [9]. - The expected shipment volume for the standard M chips, primarily used in MacBook Air and iPad Pro, is around 20 million units for this year, with projections of 15 to 20 million units for the low-end M-series chips in 2026 and 2027 [9]. Group 4: Commodity Market Performance - The commodity market continued its upward trend, with spot gold prices rising above $4,200 per ounce, reaching a near two-week high, and spot silver prices breaking the $55 per ounce mark, setting a new historical high [1][11]. - Silver prices have increased for seven consecutive months, with spot silver closing at $56.397 per ounce, up 5.66%, and COMEX silver futures rising by 6.06% to $57.085 per ounce [11].