金十数据 10 月 13 日讯，汇丰发报告指，下调腾讯目标价 3.5%，从 440 港元至 425 港元。下调对 2023 年每股盈测 0.8% 至 15.69 元人民币，亦下调 2024 年每股盈测 0.3%。不过该行表示，由于利润率扩张，且股东回报政策稳健（年初至今向股东返还 230 亿美元），最近投资者回馈表明，股价回落后兴趣增加，主要投资者关注国内游戏增长，尤其是新游戏增长。这将对股价有支持作用。因此维持买入评级。汇丰将 2023 年整体收入和利润削减 1%。该行削减 2023 年腾讯游戏收入增长，因为新游戏带来的增长贡献需要更长时间显现，且第三季度零售额少于预期，可能会拖累短期金融科技收入。不过在另一方面，热门游戏正在复苏，2024 年新游戏增长贡献将是重点，除小游戏广告稳健增长外，电商广告预算也增加。该行亦指，腾讯将在 11 月 15 日发布第三季度业绩，预计收入同比增长 10%，经调整后净利润增长 31%，其中广告或以 26% 的增长速度强劲增长。

汇丰下调腾讯目标价 3.5% 股价回落后投资者兴趣增加

10 月 13 日，@京东发言人 发文称，我们关注到有谣言称 “刘姓商人涉嫌违法被抓”，该谣言被别有用心的人刻意发布在京东相关新闻动态下，以混淆视听、操纵舆论。我们对此恶劣行径表示强烈愤慨，并已向公安机关报案。

京东：关注到有谣言称 “刘姓商人涉嫌违法被抓”，已报案

Tianfeng International analyst Guo Mingji predicts that Xiaomi's first car will be released next year, with an estimated shipment of 50,000 to 60,000 units. The key selling points are autonomous driving, software ecosystem, 800V fast charging, and power configuration. The estimated selling price is below 300,000 RMB. If the selling price is closer to or even lower than 250,000 RMB, there should be room for an increase in shipment volume.

Guo Mingchi expects Xiaomi's smartphone shipments in the fourth quarter to increase by 14% YoY, and predicts that the first Xiaomi car will be launched next year.

The battle for Huawei's dominance has just begun.

被年轻人捧为网红的达美乐披萨，想要成为中国披萨第一，还需更多 “杀手锏”。

“达门” 出圈火热背后，披萨仍在飞速扩张 | 见智研究

恒生指数跌超 2%，科指跌 3.03%；京东重挫超 11%，哔哩哔哩、百度跌超 5%。

恒生指数跌超 2%

新加坡股市 12 日报：易商红木信托成交暴增

中国 9 月进口同比 (按美元计) -6.2%，预期 -6.3%，前值 -7.3%。

中国 9 月出口同比 (按美元计) -6.2%，预期 -8%，前值 -8.8%。

中国 9 月以美元计算贸易帐 777.1 亿美元，预期 706 亿美元，前值 683.6 亿美元。

华尔街多家大行集体下调京东评级！野村甚至直言，京东零售环境未见明显改善，预计三季度按年增长 1% 至 2460 亿元人民币，较市场预期的 2540 亿元低 3%。

创上市新低！京东为何重挫超 10%？

Xpeng Motors-W is currently down more than 4%. As of the time of writing, it has dropped 3.87% to HKD 64.5, with a trading volume of HKD 266 million.

Hong Kong Stock Market News | Xpeng Motors-W drops more than 4%, head of procurement department suspended, market concerned about intensified short-term competition.

英伟达软件工程师数量比硬件工程师还要多，意味着什么？ 真正的护城河从不来自于层出不穷的新芯片，而来源于软硬件生态——CUDA！

英伟达最关键的 “镰刀”，为何不是 AI 芯片？

港股半导体震荡上升，中芯国际涨超 2%，华虹半导体涨超 1%，芯智控股涨 3.5%。

港股医药外包概念异动拉升，昭衍新药涨近 3%，药明生物、泰格医药均涨超 2%，药明康德等跟涨。

港股回港中概股开盘下挫，京东跌超 6.5%，万国数据、百济神州均跌超 4%，新东方、百度、蔚来汽车均跌超 3%，阿里巴巴跌 2.5%。

较强的宏观经济韧性、公司管理层积极表述等，均强化了对于美股软件公司后续业绩持续改善的信心！与此同时，AI 产品的商用和收费亦有望为后续业绩增长贡献额外的动力。

美股软件股又行了？最悲观的时候大概率已经过去！

路透社引述四位熟悉内情的人士透露，拜登政府正在考虑堵住一个漏洞，使中国公司不再能够通过设在海外的单位获得美国 AI 芯片。

路透：拜登考虑加大对华 AI 芯片限制

中国 9 月 CPI 同比 0%，预期 0.2%，前值 0.1%。

Cassava Sciences experienced a sharp drop of 30.44% in after-hours trading on Thursday. Prior to this, there were reports that a research personnel representing the company was found to have engaged in scientific misconduct regarding the valuable Alzheimer's asset, simufilam.

After-hours plunge of 30%! Cassava's Alzheimer's drug research paper suspected of fraud and under investigation.

中国 9 月 PPI 同比 -2.5%，预期 -2.4%，前值 -3%。

Tesla has initiated a price war to solidify its position in the fiercely competitive electric vehicle market. However, Tesla currently only holds a 50% market share, which is lower than the 62% in the first quarter.

US electric vehicle sales reach a new record high, Tesla's market share is being eroded.

Cultivating diamonds is also a challenging business.

Crushed by fellow Henan compatriots? The second largest diamond cultivator in the United States files for bankruptcy.

据 DigiTimes 近日发布的博文，苹果公司会在 2024 年推出搭载 M3 芯片的 MacBook 产品。DigiTimes 旗下研究部门预估了 2023-2028 未来 5 年全球笔记本市场情况，认为复合年增长率为 3%。在通胀缓和和新产品推出的推动下，明年笔记本出货量增长 4.7%，结束两年的连续下滑。

消息称苹果选择明年推出搭载 M3 芯片的 MacBook Air/Pro

中信证券研报指出，美国 9 月 CPI 环比略高于预期，核心 CPI 环比增速与预期一致。核心服务项通胀环比增速走高以及能源项通胀环比正增长共同推动了美国通胀环比增速。预计 11 月美联储再次加息的概率较低，美债利率预计将在 4% 以上的高位持续运行一段时间。

中信证券：预计 11 月美联储再次加息的概率较低

OpenAI's CEO, Sam Altman, informed employees this week that the company's revenue has reached an annualized $1.3 billion. This represents a 30% increase compared to the annualized revenue of $1 billion during the summer of this year. Reports suggest that OpenAI is also planning to release a product that will reduce the cost of using its artificial intelligence.

OpenAI's annual revenue is $1.3 billion, with a 30% increase compared to the summer.

The three major US stock indexes stopped their four-day winning streak, with the S&P and Nasdaq both falling more than 1% at one point. However, Walgreens' earnings report caused its stock to rise 7% against the market trend. Chip stocks continued their three-day rally. Buckin, which had a disappointing debut, fell more than 6% the next day. Chinese concept stocks fell more than 3%, with JD.com down more than 8%, NIO down 6%, and Baidu down more than 4%. The pan-European stock index rose for the third consecutive day to a three-week high, with Novo Nordisk reaching a historic high with a gain of more than 4%. The yield on the 10-year US Treasury bond hit a two-week low during trading, but later rebounded by more than 20 basis points. After the release of the CPI data, the US dollar index, which had been hitting a two-week low for several days, turned higher. The offshore renminbi fell more than 200 points and breached the 7.31 level. Crude oil fell for the third consecutive day, approaching a four-week low, while Brent crude initially rose more than 2% before turning lower. European natural gas experienced a strong rebound, with a one-day gain of more than 10% for the third time this week. Gold ended its four-day rally and fell from a two-week high. Updates in progress.

CPI strengthens expectations for tightening, long-term bond sales are dismal, US bonds and stocks plummet, and US oil is close to erasing gains since the escalation of the Israel-Palestine conflict.

A senior executive at Ford Motor Company stated that the company has reached its limit in terms of concessions offered to the United Auto Workers (UAW) in the recent negotiations. Yesterday, the union unexpectedly launched a new round of strikes against Ford, affecting the company's profitable SUV and pickup truck factories.

The US automotive strike has reached a deadlock! The unexpected new round of strikes by the union has led Ford to claim that they have reached their limit.

The auction of 30-year US Treasury bonds on Thursday saw the highest bid rate since 2007. The tail rate was the largest in over two years and the third largest on record, reflecting exceptionally weak demand. Primary dealers, who were able to avoid a failed auction, received the highest allocation ratio in 22 months. Following the announcement of the auction results, the yield on 10-year US Treasury bonds rebounded nearly 20 basis points from the daily low during trading.

The culprit behind the sharp drop in US stocks and US Treasury bonds on Thursday: Rarely bleak demand for 30-year Treasury bonds!

The September CPI data in the United States continued to exceed expectations, but the growth rate of core CPI has slowed down. Nick Timiroas, a well-known journalist known as the "New Fed News Agency," wrote an article stating that although the Federal Reserve has made progress in curbing inflation, it is premature to say victory because the labor market remains strong. It is expected that the Fed is unlikely to indefinitely pause interest rate hikes this year. Many analysts hold the same view, believing that if overall wages increase, the Fed may still raise interest rates once this year. However, there are also optimistic analysts who predict that inflation will further decline, giving the Fed no reason to raise interest rates again this year.

How does Wall Street view the US CPI? It is difficult to claim victory over inflation, and there may still be future interest rate hikes.

Bank stocks are up! China Investment Corporation increases its holdings with a significant investment, showing remarkable results.

商务部等 9 部门：优化汽车消费金融服务，鼓励金融机构在依法合规、风险可控的前提下，优化对汽车使用消费的金融服务。

Xiaopeng Motors Chairman He Xiaopeng posted on Weibo that he visited Volkswagen Group's headquarters in Wolfsburg at the end of September. In the past few months, the jointly developed models have been accelerating their progress. The technical teams from both sides have been working together like a startup team, fully committed and moving forward at full speed. The strategic cooperation in the supply chain will bring the potential for cost reduction.

Xiaopeng Motors: Joint development of vehicle models with Volkswagen Group is accelerating

Market expectations are that the year-on-year growth rate of CPI may slightly decrease from last month's 3.7% to 3.6%. However, energy prices may become a stumbling block to inflation reduction. If there is a repeat of the impact of oil prices, the Federal Reserve's policy trajectory will face greater uncertainty.

Can the Federal Reserve pause rate hikes in November? Focus on tonight's heavyweight CPI data.

商务部新闻发言人何亚东 10 月 12 日在例行新闻发布会上回答记者提问时表示，步入四季度，商务部将按照 “消费提振年” 的总体要求，多措并举，推动消费持续恢复扩大。加快推动促进汽车、家居、电子产品消费以及近日出台的推动汽车后市场高质量发展等各个措施落地见效，更好发挥消费对经济增长的基础性作用。

商务部：四季度将多措并举推动消费持续恢复扩大

China Evergrande's stock fell more than 10% in early trading, but as of the time of writing, it has dropped 7.69% to HKD 0.3, with a trading volume of HKD 39.119 million.

Hong Kong Stock Market News | China Evergrande falls more than 10%, bondholders' special group demands Evergrande to fully and promptly disclose regulatory attitude.

According to an internal report, Shang Guobin, Vice President of Baidu, revealed that the company will release the world's first AI-native map at the "Baidu World 2023" event next Tuesday (17th). Baidu Map V19, which is reconstructed based on the Wenxin model, will introduce a brand new AI guide feature that is expected to have the ability for multi-turn natural language interaction, providing a more human-like communication experience. He also mentioned that with the self-developed Beidou high-precision positioning technology, intelligent lane recommendation algorithm, and 3D high-definition rendering technology, Baidu Map will upgrade to provide city-level navigation at the lane level.

According to reports, Baidu is set to release the world's first AI-native map.

大摩预计特斯拉第三季度毛利率降至 17.5%，每股盈利 56 美分低于预期。但该行也称，投资者现在更关注该公司的前瞻性前景，而不是业绩本身，以推动股价表现。

财报前瞻 | 特斯拉毛利率还要继续跌？

Dojo D1 could help Tesla break free from its reliance on Nvidia chips. Musk stated that eventually Tesla may sell cloud services to other companies, similar to Amazon Web Services, using Dojo.

Dojo+D1, is Tesla planning to enter the AI cloud service market in the future?

LVMH has finally felt the pressure of inflation and consumer headwinds.

The luxury trend has come to an end.

NVIDIA's CUDA ecosystem shuts AMD chips out, breaking the monopoly is not an easy task for AMD.

Can AMD really break Nvidia's monopoly? AMD has risen more than 10% in the past two weeks, but...

OpenAI 被曝 “在憋大招”：构建 ChatGPT 应用成本暴降 95%

美股相对美债的估值上次在 2000 年春季飙升至如此高位后，标普 500 指数在 2000 年 3 月至 2002 年 10 月期间暴跌了 50%！这次会重蹈覆辙吗？

两大危险信号同时出现！美股可能暴跌 50%

Training an LLM is no longer a $100,000 affair, in fact, it may cost millions of dollars.

Is it really sustainable for AI startups to invest 80% of their funds in computing power?

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端   高盛发布研究报告称，上调腾讯 2023 年经调整净利预测 0.4% 至 1523.5 亿元人民币，但下调 2024-25 年预测各 0.

高盛：维持腾讯 “买入” 评级 目标价下调至 423 港元

港股内房股走势分化，中国恒大跌超 10%，远洋集团、融创中国均跌超 1.5%，华润置地涨超 2%，世茂集团涨 1.5%。

The 4680 battery is crucial for Tesla's new vehicle projects such as the Cybertruck. Analysts estimate that the current production capacity is equivalent to producing over 1,200 cars per week in terms of batteries. If it's for the Cybertruck, this number will be around 600 vehicles.

Tesla's 4680 battery achieves a major milestone: production exceeds 20 million units.

截至发稿，工商银行、招商银行、建设银行、中国银行分别上涨 4.55%、4.53%、3.15%、2.92%。消息方面，10 月 11 日晚，农业银行、中国银行、建设银行和工商银行先后发布公告称，控股股东中央汇金投资有限责任公司增持本行 A 股股份，增持数量分别为 3727 万股、2489 万股、1838 万股和 2761 万股，并拟在未来 6 个月内以自身名义继续在二级市场增持本行股份。

港股银行股多数高开 工商银行涨超 4%

港股恒指高开涨 2.04％，国企指数涨 2.27％，恒生科技指数涨 2.18%。

The increase in Huijin's holdings is beneficial for boosting market sentiment.