Welcome to Yahoo Finance's flagship show, Morning Brief, presented by Robin Hood, the home to commission free trading. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock futures kicking off December trading in the red. Equities are sliding with risk assets after the S&P 500 barely managed to eek out a seventh straight month of gains. Crypto in particular is under pressure this morning.Bitcoin falling below $86,000 per token, bringing momentum back to the selloff that ha ...

Core Viewpoint - The A-share market is currently driven by two main themes: "technology growth" and "global inflation trading," highlighting a structural and logical selection of funds between future-oriented investments in computing power and current bets on scarce resources and price increases [1][2]. Technology Growth Main Line: From AI Phones to 6G - The consumer electronics sector, particularly AI phone stocks, has seen significant gains, with companies like Tianyin Holdings and Furong Technology hitting their daily price limits due to the upcoming AI phone launch in collaboration with ByteDance and ZTE [1][2]. - The commercial aerospace sector is benefiting from policy support, with the establishment of a Commercial Space Administration, positively impacting the entire industry chain from rocket manufacturing to satellite development [2]. - The domestic computing power and semiconductor sectors are also performing well, driven by a focus on "technological self-reliance," with high-end chips and data center support systems gaining attention amid external restrictions and internal policy support [2][3]. - The commonality in technology growth is clear: defined industry trends, concentrated policy support, and measurable long-term potential, although short-term surges often depend on event catalysts and emotional resonance [3]. Global Inflation Trading Main Line: Non-Ferrous and Precious Metals - The non-ferrous metals sector has seen the largest gains, driven by soaring international commodity prices, with spot silver and copper reaching historical highs due to supply crises and interest rate cut expectations [3]. - Precious metals like gold and silver are also performing strongly, with their safe-haven and anti-inflation properties being revalued amid global inflation and geopolitical uncertainties [3]. - This type of market behavior is characterized by strong explosive power and steep short-term slopes, but its sustainability is often less than that driven by industry trends [3]. Institutional Views: Slow Bullish Base, Expectation for Year-End and Spring Rally - Multiple brokerages maintain a positive outlook for the market from year-end to early next year, with consensus and divergence present [4]. - Galaxy Securities predicts that the A-share market will remain upward in December, suggesting attention to upcoming economic meetings and industry conferences for thematic opportunities [4]. - Industrial opportunities are expected to emerge from the upcoming central economic work conference and the Federal Reserve's meetings, with technology growth seen as a key driver for market movements [4][5]. - The consensus among institutions acknowledges the bottom lifting and structural opportunities, while remaining cautious about the market's height and rhythm [5]. Conclusion: Anchoring on Industry Trends and Depth of Capital Consensus - In a slow bullish environment, while indices may not rise sharply every day, clear structural opportunities will repeatedly emerge [6]. - The key is to identify which upward trends have substantive logic and which are merely riding the wave, with the ultimate market height determined by the thickness of industry trends and the depth of capital consensus [6].

Core Insights - The partnership between NVIDIA and Synopsys aims to revolutionize the design and engineering industry by transitioning software tools to be GPU accelerated, enhancing capabilities and expanding the total addressable market (TAM) [3][4][10] Group 1: Partnership Significance - The partnership is described as a "huge deal" that will significantly impact the investing community [2] - This collaboration is expected to transform the software and tools used in the design and engineering sectors, which have remained largely unchanged for 35 years [3][5] Group 2: Technological Advancements - NVIDIA's technology will enable simulations at unprecedented speeds and scales, allowing for comprehensive engineering work to be conducted digitally before physical production [6] - The introduction of GPU accelerated computing into the industrial sector marks a significant technological advancement, integrating physics-based AI that interacts with the physical world [9][10] Group 3: Market Potential - The industrial sector is valued in trillions of dollars, indicating a vast expansion of opportunity for both NVIDIA and Synopsys as they leverage this partnership [10] - The potential market for enterprise applications is estimated to be ten times larger than previously considered, highlighting the significant growth prospects [7][8]

Core Insights - Veeco Instruments Inc. has been selected by a leading semiconductor memory company to evaluate its laser spike annealing (LSA) system for advanced DRAM R&D, marking a significant expansion into the DRAM market [1][2] - The evaluation period is expected to last around one year, with follow-on orders anticipated in 2027 and beyond, indicating a strong potential for future revenue growth [1] - The HBM market is projected to grow at a compound annual growth rate (CAGR) of nearly 30% through 2030, potentially reaching $100 billion or more in annualized revenues, highlighting the increasing demand for advanced memory technologies [3] Company Overview - Veeco is an innovative manufacturer of semiconductor process equipment, specializing in technologies such as ion beam, laser spike annealing, lithography, MOCVD, and single wafer etch & clean [4] - The company's LSA platform is designed to meet the high productivity and performance demands of advanced DRAM and HBM production, making it a preferred solution for tier 1 semiconductor manufacturers [2] - Veeco's LSA technology is positioned to support the evolving needs of the semiconductor industry, particularly as demand for HBM and DRAM rises due to AI workloads and next-generation computing [2]

Core Insights - Nvidia has invested $2 billion in Synopsys, leading to a significant stock price movement for both companies [1][4] - The collaboration aims to enhance engineering and marketing efforts, focusing on AI-powered system design solutions [2] - Synopsys reported disappointing Q3 results, missing Wall Street expectations [3] Company Performance - Synopsys reported adjusted earnings of $3.39 per share on sales of $1.74 billion for the quarter ending July 31, falling short of analyst expectations of $3.80 per share and $1.77 billion in sales [3] - In the same quarter last year, Synopsys earned $3.43 per share on sales of $1.53 billion, indicating a slight year-over-year decline in earnings [3] Stock Market Reaction - Following the investment announcement, Synopsys stock rose over 7% to approximately $449.55, while Nvidia stock dipped more than 1% to $175.06 [4] - Synopsys stock has seen a 13% decline in 2025 as of the last market close, while Nvidia stock has increased by 32% [4] Ratings and Metrics - Synopsys holds an Accumulation/Distribution Rating of E, indicating heavy selling by institutions, and an IBD Composite Rating of 43 out of 99 [4][5] - Nvidia has an Accumulation/Distribution Rating of D-minus and an IBD Composite Rating of 99 out of 99, reflecting strong institutional interest [5]

Market Overview - Major U.S. index futures are indicating a lower open on Monday, with stocks expected to give back some gains after a significant rally last week [1] - The major averages have closed higher for five consecutive sessions, recovering from earlier pullbacks in November [1][3] Recent Performance - The Nasdaq increased by 4.9 percent, the S&P 500 surged by 3.7 percent, and the Dow jumped by 3.2 percent during the holiday-interrupted week [4] - The Dow rose by 0.3 percent for November, while the S&P 500 increased by 0.1 percent; however, the Nasdaq still declined by 1.5 percent for the month [4] Interest Rate Outlook - Renewed optimism regarding interest rates has contributed to the recent stock market rebound, following dovish comments from Federal Reserve officials [2][5] - The CME Group's FedWatch Tool indicates an 87.4 percent chance that the Fed will lower interest rates by another quarter point at the upcoming monetary policy meeting [2] Sector Performance - Computer hardware stocks performed well, with the NYSE Arca Computer Hardware Index surging by 2.5 percent [6] - Shares of SanDisk (SNDK) spiked by 3.8 percent after joining the S&P 500, and gold stocks also saw strength due to a sharp increase in gold prices [7] Economic Data Impact - Key U.S. economic data releases in the coming days could influence Federal Reserve officials' decisions, keeping traders cautious [2] - The Institute for Supply Management is set to release its manufacturing activity report, with expectations of a slight increase in the manufacturing PMI [21]

Group 1 - Qualcomm announced the acquisition of Arduino, aiming to leverage its large developer community and reduce reliance on mobile business [2] - Arduino's open-source platform is popular among students, makers, and startups, and the acquisition was positioned to maintain its independent operation [2] - The acquisition was unexpected for the global community of 33 million developers [2] Group 2 - A month after the acquisition, Arduino updated its terms of service, granting Qualcomm "perpetual, irrevocable, worldwide transferable" rights to user-uploaded content, raising concerns among developers [3][5] - The new terms included AI monitoring provisions and prohibited reverse engineering, conflicting with the open-source ethos [3][5] Group 3 - Arduino's response to community backlash emphasized compliance and support for AI development, but faced skepticism from industry figures [4] - Developers expressed frustration on social media, feeling that commercialization has overshadowed the open-source spirit, with some seeking alternative platforms [6] Group 4 - Developers are advised to minimize risk by avoiding the upload of sensitive content and using local development environments [7] - It is recommended to attach clear open-source licenses to shared content and to stay vigilant about data privacy and terms updates [7] - Evaluating alternative platforms like PlatformIO is suggested to reduce dependency on a single platform [7]

Core Points - Netlist, Inc. has announced a joint public interest comment filed by the United States Patent and Trademark Office (USPTO) and the United States Department of Justice (USDOJ) regarding its complaint against Samsung, Google, and Super Micro [1] - The company is seeking exclusion and cease and desist orders to prevent Samsung's memory products that infringe its patents from entering the U.S. [1] - Netlist claims that the Respondents infringe on its U.S. Patent Nos. [1]

Company Overview - SkyWater Technology (NASDAQ: SKYT) is the largest U.S.-based, pure-play semiconductor foundry, focusing on securing America's silicon foundation and supporting critical infrastructure [6][12] - The company operates state-of-the-art facilities in Minnesota, Florida, and Texas, specializing in foundational nodes and advanced packaging [6] NYC Summit Participation - SkyWater Technology will participate in the 14th Annual NYC Summit investor conference on December 16, 2025, alongside 14 other companies [1][4] - The summit will feature a "round-robin" format allowing investors and analysts to meet with management teams from the participating companies [3] Financial Performance - SkyWater Technology reported record revenues from multiple quantum computing customers for the third quarter of 2025, exceeding expectations across all metrics [12]

Core Viewpoint - The company plans to acquire 51% stakes in Beitelai and Shanghai Tongtu for a total of 6.78 billion yuan, aiming to enhance its chip business through strategic integration of technologies and resources [1] Group 1: Acquisition Details - The company intends to use its own funds of 3.21 billion yuan to acquire 51% of Beitelai [1] - The company also plans to invest 3.57 billion yuan to acquire 51% of Shanghai Tongtu [1] Group 2: Strategic Objectives - The core purpose of the acquisitions is to create a deep complementarity and comprehensive reinforcement with the company's existing chip business [1] - Beitelai's technology in signal chain chips will significantly expand the company's product dimensions and customer breadth in the analog and mixed-signal chip market [1] - Shanghai Tongtu's IP technology resources will enhance the company's technical competitiveness and innovation capabilities in display driving and video processing [1] Group 3: Expected Outcomes - By integrating the technologies, products, and customer resources of both companies, the company aims to accelerate the technological upgrade and market expansion of its chip business [1] - The acquisitions are expected to form a more complete and powerful chip industry layout, significantly improving the company's overall competitiveness in the chip industry and promoting rapid development of its core chip business [1]