Core Viewpoint - Shares of major U.S. chipmakers increased following President Trump's announcement to allow the export of advanced AI chips, specifically Nvidia's H200, to China and other countries, with the U.S. government receiving a 25% cut from sales [1][2] Group 1: Company Reactions - Nvidia's shares rose 1.56% to $188.47 in premarket trading, following a 1.73% increase on the previous day [1] - AMD's share price increased by 1.17% to $223.70, while Intel shares saw a modest rise of 0.5% to $40.50 in early trading [2] Group 2: Government Announcement Details - President Trump announced the easing of export restrictions on Nvidia's H200 chip, which had previously been restricted by the Biden administration [2] - The announcement also applies to other major companies like AMD and Intel, as stated by Trump [2] - Trump communicated with President Xi of China regarding the export permissions, indicating a positive response from Xi [2]

Core Points - The U.S. government has approved NVIDIA to export its H200 AI chips to China, with a condition that 25% of the sales revenue will go to the U.S. government [1] - This decision marks a significant lobbying victory for NVIDIA and could help the company regain billions of dollars in business lost in the critical Chinese market [1] - The approval was announced by President Trump on his social media platform, concluding weeks of discussions with advisors regarding the export [1] - Sales will be limited to "approved customers," and other chip manufacturers like Intel and AMD will also be eligible to obtain licenses for sales to China [1] - NVIDIA responded positively to the decision, stating that supplying H200 to commercial customers is a commendable initiative [1]

Core Insights - The Hong Kong stock market saw a net inflow of 87.19 billion HKD from northbound trading on October 31, with 57.72 billion HKD from the Shanghai Stock Connect and 29.47 billion HKD from the Shenzhen Stock Connect [1] Group 1: Net Inflows and Outflows - The most bought stocks included Xiaomi Group-W (01810), Meituan-W (03690), and Sanofi Pharmaceutical (01530) [1] - The most sold stocks included Tencent (00700), SMIC (00981), and Hua Hong Semiconductor (01347) [1] Group 2: Stock Performance Details - Xiaomi Group-W (01810) had a net inflow of 6.46 billion HKD, supported by optimistic forecasts for its smartphone and electric vehicle businesses [5] - Meituan-W (03690) received a net inflow of 4.64 billion HKD, with news of its international food delivery brand Keeta launching operations in Brazil [5] - Sanofi Pharmaceutical (01530) saw a net inflow of 754.6 million HKD, following the registration of a new cancer treatment in clinical trials [5] Group 3: Notable Sell-offs - Tencent (00700) experienced a net outflow of 12.19 billion HKD, amid increased short-selling activities in the market [7] - SMIC (00981) faced a net outflow of 7.11 billion HKD, as the semiconductor sector reacted to potential changes in AI chip export policies [8] - Hua Hong Semiconductor (01347) had a net outflow of 4.73 billion HKD, reflecting broader trends in the chip industry [8]

Core Viewpoint - AMD has experienced a short-term surge, with an intraday increase of over 3%, bringing its total market capitalization close to $300 billion. The company has confirmed that it has received "preliminary" approval for AI chip export licenses to China [1]. Group 1 - AMD's stock price increased by more than 3% in a single day [1] - The company's total market capitalization is nearing $300 billion [1] - AMD has received preliminary approval for exporting AI chips to China [1]