12月18日早餐 | 中金重磅合并落地；美股连续走弱

Market Overview - Oracle's AI concerns weigh on US stocks, with the S&P 500 closing down 1.16%, the Dow Jones down 0.47%, and the Nasdaq down 1.81% [1] - Notable declines include Nvidia down nearly 4%, Oracle down over 5%, and Tesla down over 4% [1] - The Nasdaq Golden Dragon China Index opened high but closed down 0.73%, with significant movements in individual stocks like Dingdong Maicai up over 23% and Meihua Chuangfu up about 144% [1] Commodity and Currency Movements - Gold prices rose over 1%, nearing a seven-week high, while silver surged over 6% to a new high [2] - Crude oil prices reversed a four-day decline, rising over 2% [2] - The US dollar ended a two-day decline, moving away from a two-month low [1] Corporate Developments - Oracle's $10 billion data center financing faced obstacles as Blue Owl withdrew, although the company stated the transaction is still on track [3] - Elon Musk's xAI aims to achieve AGI by 2026, with confidence in outpacing competitors over the next few years [4] - Google launched the more efficient Gemini 3 Flash, enhancing its search capabilities [5] - Google announced the "Sun Chaser" plan to deploy AI data centers in space by 2027 [6] - OpenAI and Google are competing for Indian users and training data through free giveaways [7] Domestic Events - The National Development and Reform Commission released guidelines for clean and efficient coal utilization, encouraging upgrades in coal projects [8] - The Ministry of Industry and Information Technology discussed strengthening cooperation in digital economy and AI with AMD's CEO [9] - Shanghai plans to introduce ten measures to support the development of the gaming and esports industry [10] - Breakthroughs in invasive brain-machine interface clinical trials were reported, enabling three-dimensional physical world control [11] - China's new generation artificial sun core power source has been successfully developed [12] - Tungsten powder prices have surpassed 1 million yuan per ton [13] Sector Insights - The coal market is expected to see a balance in supply and demand by 2026, with short-term price increases driven by heating demand and cold weather [16] - The AI sector is witnessing accelerated IPO processes for companies like MiniMax and Zhizhu AI, marking a significant shift towards commercialization [17] - The US market is experiencing a transformer shortage due to increased demand from AI expansion, with delivery times extending significantly [18] - Recent air pollution in Hubei has led to production halts in the phosphate chemical industry, impacting supply for key materials in new energy batteries [19][20] Corporate Announcements - China International Capital Corporation announced the merger with Dongxing Securities and Xinda Securities, with a share exchange price set at 36.91 yuan per share [19] - Wanlong Optoelectronics plans to acquire 100% of Zhongkong Information, a leading provider of smart infrastructure services [21] - China Railway Group signed contracts totaling 533.1 billion yuan, with significant sales in wind power and energy storage equipment [24]