Investment Rating - Investment rating: None [4] Core Insights - The report emphasizes the strategic importance of civil nuclear energy in global energy transition and climate governance, highlighting its current contribution of approximately 9% to global electricity and 23% to low-carbon electricity. It notes that nuclear energy has avoided around 70 billion tons of CO2 emissions over the past 50 years and could potentially reduce an additional 90 billion tons by 2050 if development accelerates [4][16] - The International Atomic Energy Agency (IAEA) predicts a 2.5-fold increase in nuclear power capacity by 2050, positioning it as a core support for achieving "net zero emissions" goals. Currently, there are about 440 operational reactors across 31 countries, with over 60 under construction and 30 more planned [4][16] - The report also highlights the potential applications of innovative technologies such as Small Modular Reactors (SMR) and Advanced Modular Reactors (AMR) in hydrogen production, heating, and non-electric sectors, calling for stronger policy and financial support to drive a new growth cycle in the global nuclear energy industry [4][16] Market Performance Review - During the week of November 3 to November 7, 2025, technology stocks experienced a pullback, with the Hang Seng Tech Index closing at 5837.4, down 1.2%, underperforming the Hang Seng Index by 2.5 percentage points. The Philadelphia Semiconductor Index closed at 6947.4, down 3.9%, also underperforming the Nasdaq 100 and S&P 500 indices [7][9] - The AI energy sector saw declines influenced by earnings reports, with the top five gainers being COHERENT (+17%), 亚舍立科技 (+8%), 艾马克技术 (+8%), 美光科技 (+6%), and 百度集团-SW (+6%). Conversely, the top five decliners included NUSCALE POWER (-32%), DUOLINGO (-26%), ENERGY FUELS (-24%), 超微电脑 (-23%), and CENTRUS ENERGY (-20%) [9][4] Web3 and Cryptocurrency Market - The total market capitalization of cryptocurrencies decreased to $3.37 trillion as of November 7, 2025, down from $3.64 trillion the previous week. The total trading volume for cryptocurrencies was $166.74 billion, accounting for 4.95% of the total market cap [18][24] - The sentiment in the cryptocurrency market is currently in a state of panic, with the Fear and Greed Index at 21, indicating a fear-driven market environment [20] - The report notes that the core assets in the cryptocurrency market experienced significant price declines due to tightening liquidity and expectations of interest rate hikes, with major assets briefly falling below $100,000 [29][30]
海外科技周报（25/11/3-25/11/7）：期待白宫复工，风险偏好有望修复-20251114
Hua Yuan Zheng Quan·2025-11-14 00:57