Company Overview - TAE Technologies, a nuclear fusion developer, is merging with Trump Media & Technology Group in a $6 billion deal, marking a significant milestone for the fusion energy sector amid rising electricity demand from AI data centers [3][4] - TAE has over two decades of experience in nuclear fusion, aiming to provide abundant, carbon-free power, and is backed by major investors including Alphabet, Chevron, and Goldman Sachs [4] Technological Advancements - TAE has made significant advancements in reactor design, reducing costs and complexity, which are crucial for commercial viability [5] - The company plans to deploy fusion plants capable of producing between 350 and 500 megawatts each [5] Market Context - The merger is seen as a major investment in nuclear fusion power, especially in the context of the ongoing AI Arms Race [5] - The stock market is experiencing volatility, with Micron's strong guidance positively impacting AI-related stocks [5] Inflation and Economic Indicators - The annual headline Consumer Price Index (CPI) fell to 2.7%, below the 3.1% consensus, while core CPI decreased to 2.6% against a forecast of 3% [6] - Analysts caution that the data may not accurately reflect true inflation trends due to assumptions made by the Bureau of Labor Statistics [6][7] Other Notable Developments - OpenAI is in preliminary discussions to raise up to $100 billion at a valuation of around $750 billion, representing a 50% increase from its previous valuation [10] - Meta's outgoing AI scientist is seeking €500 million for a new startup, valuing it at approximately €3 billion [10]

Group 1 - The core viewpoint of the article highlights a resurgence in public fund self-purchases as the year-end approaches, with several fund companies purchasing their new funds in November [1] - As of November 28, the net subscription amount for equity funds in November reached 210 million, with the year-to-date net subscription amount exceeding 4.5 billion, more than double that of the same period last year [1] - Institutional confidence in the equity market is reflected in their accelerated investment with "real money" as the market heads towards the "final battle" in 2025 [1] Group 2 - From a mid-term perspective, it is anticipated that the upward trend will continue into 2026 due to a low probability of a global liquidity crisis and the Federal Reserve remaining in a rate-cutting cycle [1] - Despite ongoing discussions about a technology bubble, the upward cycle in the technology sector has not yet concluded, and the fundamentals of leading tech companies have not reached a peak deterioration stage [1] - The policy environment for A-shares is viewed positively, with future earnings expected to provide clear support for valuations [1]