Sou Hu Cai Jing·2025-12-04 00:33Group 1 - The U.S. Congress has blocked the inclusion of the "National AI Access and Innovation Act" in the annual defense policy bill, marking a significant lobbying victory for Nvidia [2] - Nvidia's CEO Jensen Huang met with House Speaker Johnson and former President Trump to argue that the bill would limit competition, as China is a crucial market for Nvidia, with projected revenue of $17.1 billion from the region in 2024 [2] - The victory helps Nvidia maintain a key revenue channel and avoid further market share loss [2] Group 2 - Major U.S. stock indices showed mixed performance, with the Dow Jones up 0.86%, while large tech stocks had varied results, with Tesla rising over 4% and Microsoft falling over 2% [3][4] - The Nasdaq Golden Dragon Index, which tracks Chinese stocks, fell by 1.38%, with notable declines in companies like Baidu and NIO [3][4] Group 3 - Morgan Stanley upgraded its rating on the Chinese stock market to "overweight," citing a 19% upside potential for the MSCI China Index by the end of 2026, driven by early recovery signs and positive sentiment [6] - The report highlights the impact of AI applications and policies aimed at boosting profitability as key factors for this optimistic outlook [6] Group 4 - The upcoming IPO of Moore Threads, known as the "Chinese Nvidia," is set for December 5, with an issue price of 114.28 yuan per share, focusing on GPU development [8] - The company has achieved a compound annual growth rate of over 200% in revenue from 2022 to 2024, reflecting strong market interest [8] Group 5 - Ideal Auto launched its first AI smart glasses, Livis, priced from 1,999 yuan, featuring advanced functionalities and a self-developed AI model [10] - The glasses are expected to enhance the company's product offerings in the AI space [10] Group 6 - The FTSE China A50 Index will undergo significant adjustments, including the addition of Luoyang Molybdenum and Sungrow Power Supply, both of which have shown impressive stock performance this year [11] - The adjustments reflect a strategic shift in the index composition, aiming to include high-performing stocks [11]