Breakfast | Super Micro Computer surged 29%! After Tesla launched FSD V13, the stock price rose over 3%

Market Overview

Tech stocks support the Nasdaq rebound, reaching historic highs alongside the S&P 500, while the Dow Jones falls from record highs. Intel rose nearly 6% in early trading before turning negative, Super Micro Computer closed up nearly 29%, and Chinese concept stocks saw a third consecutive rise, with XPeng up over 5%.

The "Tech Seven Sisters" saw widespread gains. Tesla closed up 3.46%, beginning to roll out the latest version of FSD, V13.2. Meta Platforms rose 3.22%, Microsoft rose 1.78%, Google A rose 1.5%, and Amazon rose 1.36%. Apple rose 0.95%, but UBS stated that demand for Apple's AI-enabled smartphones is weak, with little market interest. Nvidia rose 0.27%.

Bitcoin futures briefly fell below $95,000, with cryptocurrency concept stocks mostly declining. The short-seller-targeted "Bitcoin whale" MicroStrategy closed down 1.85%, with the latest filings showing that since November 11, MSTR has purchased over $13.5 billion in Bitcoin, currently holding about $38 billion in Bitcoin. Mercurity Fintech closed down 11.3%, while the cryptocurrency "meme stock" YouDian Interactive fell over 81.8% in early trading before closing up 36.36%. Cryptocurrency exchange giant Coinbase closed up 2.09%.

Stellantis, the world's third-largest traditional automaker, saw its European and U.S. stocks both fall over 6% following news of the CEO's resignation.

Disney closed down 0.26%, with the Disney film "Moana 2" grossing $221 million in North America over the Thanksgiving long weekend (five days), setting a historical record for the same period.

Super Micro Computer review finds no misconduct, decides to replace CFO, stock price rises over 30%

Super Micro Computer's stock price rose over 31% during U.S. trading hours. The company announced it would replace CFO David Weigand and is seeking a new Chief Compliance Officer and General Counsel. An external review found no misconduct by the company.

AI transformation difficulties, performance losses, market value halved, Intel CEO "forced" to retire, stock price rises over 5.7%

Intel CEO Gelsinger, who worked at the company for over 40 years, officially retired on December 1, Eastern Time. During his nearly four-year tenure, despite Intel's ambitious plans, its market position continued to decline. The board lost confidence in his ability to reverse the trend, ultimately giving him the choice to retire or be dismissed; Gelsinger chose to end his career at Intel.

Tesla's Full Self-Driving software FSD V13 begins rollout: code rewritten, clean and simple comparable to Raptor V3 engine

Tesla's highest-level driver assistance software FSD's 13th version has begun rolling out to customers. Members of the Tesla AI team stated that FSD V13 is completely rewritten, and the build of V13 is very similar to SpaceX's Raptor engine V3 designed for the Starship.

Report: OpenAI discusses introducing ads in products, seeking new revenue sources

OpenAI's Chief Financial Officer Sarah Friar stated that OpenAI is considering placing advertisements in its AI products to increase revenue and drive the company towards profitability. The company's "monetization" dilemma: soaring revenues but simultaneously immense cost pressures.

People's Bank of China: New M1 statistical caliber to be implemented in January next year

The revision of the M1 statistical caliber further includes personal demand deposits and customer reserves of non-bank payment institutions based on the current M1. Personal demand deposits and customer reserves of non-bank payment institutions are currently included in M2 but not in M1.

Pan Gongsheng stated that the central bank will optimize the statistics of the money supply, incorporating these two highly liquid financial instruments into the M1 statistics, and strengthen the monitoring of the money supply at various levels, including M2, and social liquidity.

China's Caixin Manufacturing PMI rises to 51.5 in November, hitting a five-month high, accelerating expansion

New orders in November reached the highest level since March 2023, with export orders expanding for the first time in four months, mainly due to improvements in demand fundamentals and inventory building by businesses. Additionally, cost prices have rebounded, and corporate optimism has increased, although hiring remains cautious.

U.S. ISM Manufacturing PMI for November at 48.4, the highest level since June this year, exceeding expectations of 47.6

The new orders index expanded, recording the largest increase in five months, indicating that business confidence is improving, and optimism following the U.S. presidential election is beginning to take root. The price payment index plummeted to 50.3. Although the employment index remains in contraction, there is a noticeable improvement