Market Overview - US stock markets saw a broad increase last Friday, with the Dow Jones rising by 1.01%, the Nasdaq by 1.15%, and the S&P 500 by 0.79%. Notably, Apple reached a record closing price of $262.83 [1] - The core CPI in the US for September grew by 0.2%, marking the slowest growth in three months, which has heightened expectations for another interest rate cut by the Federal Reserve [2] Company Developments - NVIDIA's CEO Jensen Huang will deliver a keynote speech at the NVIDIA GTC event from October 27 to 29 [3] - IBM announced that common AMD chips can run quantum computing error correction algorithms [4] - Elon Musk's Neuralink co-founder achieved a milestone in artificial vision [5] - Goldman Sachs significantly raised Alibaba's capital expenditure forecast to 460 billion yuan, citing explosive growth in inference demand and increased AI efficiency driving stronger revenue [6] Domestic Events - China and the US reached a basic consensus on trade negotiations in Kuala Lumpur, agreeing to further define specific details and follow domestic approval procedures [7] - President Xi Jinping will attend the APEC informal leaders' meeting in South Korea from October 30 to November 1 [7] - The People's Bank of China emphasized the need for a robust monetary policy framework and the promotion of the internationalization of the renminbi [7] Industry Insights - The National Development and Reform Commission aims to promote quantum technology, biomanufacturing, hydrogen energy, nuclear fusion, brain-computer interfaces, embodied intelligence, and 6G mobile communication as new economic growth points [8] - Tencent disclosed that AI now generates 50% of its new code, with a 67% year-on-year increase in R&D automation levels [9] Stock Market Highlights - A new IPO for Fengbei Biotechnology is set at a price of 24.49 yuan per share, requiring a minimum subscription value of 110,000 yuan [24] - Several companies announced significant changes, including Ying Tang Intelligent Control planning to acquire stakes in Guanglong Integration and Ao Jian Microelectronics, and Shutaishen planning to raise up to 1.253 billion yuan for innovative drug development [25] Performance Metrics - Notable companies reaching historical highs include Xiangnan Chip Creation with a 20% increase, and Jin Feng Technology with a 170.64% rise in net profit for Q3 [26][25]