Report Industry Investment Rating - The report does not mention the industry investment rating. Core Viewpoints - High - growth trends are expected for Chinese stocks in the future, and a structural shift of Chinese capital towards stocks may have begun [2]. - The global economy is entering the top - end area due to the continuous wrong policies in the US [2]. Summary by Related Information Macroeconomic and Financial Information - US 9 - month CPI increased 3% year - on - year, below expectations; core inflation rose 0.2% month - on - month, the slowest in three months and lower than the expected 0.3%. Service inflation in September slowed to its weakest level since November 2021 [1]. - US October Markit manufacturing and service PMI climbed, better than expected. Business activities expanded at the second - fastest pace this year, driven by order growth, while companies were more restrained in pricing [1]. - JP Morgan and MUFG are leading multiple banks to launch a $38 billion debt issuance for an Oracle - related data center project, the largest AI infrastructure financing deal [1]. - US Energy Secretary Wright urged FERC to limit data center grid connection approval time to 60 days, which may cause concerns about rising electricity prices [1]. - NVIDIA will use Uber - collected driving data to post - train its Cosmos World base model [1]. - Amazon is launching a new AI tool "Help Me Decide" for US consumers [1]. - Data from US Bank, ADP, and Carlyle Group confirm rising unemployment. Goldman Sachs attributes the slowdown of about 100,000 in employment growth to three reasons [1]. - Japan's September core CPI rose 2.9% year - on - year, exceeding the central bank's 2% target for three years. Most analysts expect the next interest rate hike to be postponed to January next year [1]. - JP Morgan and US Bank strategists expect the Fed to stop shrinking its $6.6 trillion balance sheet at the October FOMC meeting [2]. Global Economic Logic - Goldman Sachs expects more sustained upward trends for Chinese stocks in the future, and a structural shift of Chinese capital towards stocks may have started [2]. - Traders are increasing bets on at least one 50 - basis - point Fed rate cut in the upcoming meetings [2]. - Goldman Sachs believes that although AI infrastructure investment has reached a new high in nominal terms, the current US AI investment accounts for less than 1% of GDP [2]. - Meta and Blue Owl are raising $27 billion through private bonds to build data centers [2]. - DeepSeek launched a revolutionary OCR model to solve the computing power problem of AI in processing long documents [2]. - An Apollo executive warns of a huge gap between AI's energy demand and global power supply [2].

Core Viewpoint - Nvidia is collaborating with Uber to utilize diverse driving scenario data collected by Uber to enhance the training of Nvidia's Cosmos World foundational model for autonomous driving technology [1][3][4]. Group 1: Collaboration Details - Nvidia Drive announced the partnership with Uber, focusing on leveraging Uber's extensive real-world driving data to accelerate advancements in autonomous driving [3][4]. - The collaboration aims to achieve three main technical objectives: higher precision in simulation, reduced iteration cycles for model training, and improved stability in rare or extreme scenarios [5][9]. Group 2: Data Advantage - Uber's global operational network provides unique data value for training autonomous driving models, with over 1 billion rides and deliveries conducted monthly [8]. - Uber vehicles operate more frequently in complex situations, such as adverse weather and crowded events, which are less common for private vehicles, thus enhancing the data collection for rare scenarios [8][10]. Group 3: Specific Use Cases - For instance, Uber's airport pickup and drop-off services operate under various weather and lighting conditions, making it challenging to sample these scenarios adequately in other contexts [13]. - The unique environment of airport pickups, characterized by dense traffic and unpredictable pedestrian movements, presents specific challenges that can be effectively captured through Uber's data, including driver performance metrics [14].

智通财经APP获悉，周四，三大指数普涨。投资者持续关注美国大型企业的财报，许多人认为这可能决 定当前牛市反弹的成败。作为"美股七巨头"超大市值科技股中首家发布财报的公司，特斯拉收高 2.28%，盘初股价一度跌超4%，此前公司报告的第三季度业绩表现好坏参半。 【美股】截至收盘，道指涨144.20点，涨幅为0.31%，报46734.61点；纳指涨201.40点，涨幅为0.89%， 报22941.80点；标普500指数涨39.03点，涨幅为0.58%，报6738.43点。特斯拉(TSLA.US)涨超2%。纳斯 达克中国金龙指数收涨1.6%，阿里巴巴(BABA.US)涨3.6%。 【欧股】德国DAX30指数涨35.86点，涨幅0.15%，报24193.63点；英国富时100指数涨57.10点，涨幅 0.60%，报9572.10点；法国CAC40指数涨18.91点，涨幅0.23%，报8225.78点；欧洲斯托克50指数涨 25.84点，涨幅0.46%，报5665.05点；西班牙IBEX35指数涨3.80点，涨幅0.02%，报15790.50点；意大利 富时MIB指数涨165.36点，涨幅0.39%，报42375.00点 ...