JP Morgan significantly raised its target price for Baidu: the market severely underestimates the speed of AI transformation, and Kunlun chip sales may soar 6 times next year, driving cloud business growth of 61%XIAOMI-W received an increase of 2.6 million shares of Class B common stock from founder Lei JunAfter six consecutive declines, a rebound! Is the Hong Kong stock technology sector entering a bottoming phase?Northbound Capital Trends | Northbound capital net purchases amounted to HKD 8.571 billion, Q&A App downloads exceeded 10 million in the first week, Northbound capital aggressively bought over HKD 4 billion in AlibabaOn November 24th, Tencent spent HKD 636 million to repurchase 1.022 million sharesU.S. Pre-Market: Chinese Concept Stocks and Technology Stocks Rise BroadlyThe wave of autonomous driving companies going public in Hong Kong continues, with TianTong Vision aiming to break through with L4Prosus's net profit surged in the semi-annual report thanks to Tencent's financial supportHong Kong stock market closing (11.24) | Hang Seng Index rose by 1.97%, technology stocks performed strongly, KUAISHOU-W surged over 7%Ali Qianwen surpasses ten million downloads; Hang Seng Index adjusts, Leapmotor and Hesai surge｜Today's Important News RecapThe fastest-growing AI application is born! Qianwen App's public beta downloads exceed 10 million in the first weekChina Merchants International: Expects Hong Kong stocks to trade in the range of 24,300 to 27,000 points before the end of the yearJapan's salary growth in 2026 shows initial signs, is the central bank's next interest rate hike approaching?Underperforming the market for 6 years, U.S. small and mid-cap stocks are launching a major comeback! JP Morgan: 30%-60% excess returns may be expected in the next 3-6 yearsAlibaba's Hong Kong stock surged 6%! The Qianwen App ignites C-end growth, opening up new valuation space for Alibaba?U.S. stocks continue to decline? U.S. Treasury settlements cause risk assets to "bleed" $150 billion, liquidity storm imminentMorgan Stanley: Except for reducers, all robot hardware can be self-developed — core barriers are shifting to software and dataUnderstanding the Market | TIME INTERCON rose nearly 9%, with MPO business as the core profit source, positioning itself in the supply chain of overseas cloud giants like GoogleUnderstanding the Market | Gold stocks rebounded today, TONGGUAN GOLD rose over 4%, and the Federal Reserve's expectation for a rate cut in December has significantly increasedHedging demand hits a 15-month high, is the rebound of US stocks coming to an end?Large models are becoming "free infrastructure," with real Alpha opportunities at the application layer?Citigroup Wealth Management: The market has not yet reached a turning point, and there is still room for a bull market in U.S. stocksThe King of Storage Returns? Morgan Stanley: Samsung's HBM business has fully surpassed competitors, with profits expected to surge by 150% in 2026Acquisition ambitions thwarted: BHP rejected for the second time, officially withdrawing from the Anglo American acquisition battleMarket volatility does not change analysts' confidence: Clearly "Buy" Microsoft, Booking, and DoorDashDon't trust NVIDIA's financial report! The "big short" continues to bombard: AI giants extend GPU depreciation to inflate profits, while real terminal demand is laughably lowMassive "AI Bonds" Stir Global MarketsGoldman Sachs: Rate cuts in December are "imminent," with one cut each in March and June next yearHong Kong Stock Midday Review | Hang Seng Index rose 1.42% in the morning session, Alibaba increased by over 4%Raymond: The investment theme has shifted from cycles to AI, and these US chip stocks still have significant upside potentialUnderstanding the Market | HESAI-W surged over 10% in early trading as the company was included in the Hang Seng Composite Index and secured a partnership with Xiaomi and Li Auto for designated cooperation on all models next yearMSTR is to be "removed" from the index, JP Morgan's research report "unexpectedly caught in the crossfire," the crypto community calls for "boycott"Gemini 3's "Key Leap" -- A "Major Breakthrough" Driving the Implementation of AI Applications?Eastern Asset Management: Next year will be a year of economic transformation, and diversified investment is the most effective defensive strategyGoldman Sachs: Gives Xiaomi Corporation-W a target price of HKD 53.5, expects to disclose more AI-related achievementsThe payment industry "self-revolution"! Visa and Mastercard accelerate their layout of stablecoinsThe Federal Reserve's "third-in-command" fails to boost gold prices with dovish remarks, as gold prices await retail data to break the consolidation pattern"The market is eager for a rate cut in December," said Goldman Sachs traders: sentiment is low, but many clients believe "if Bitcoin stops falling, US stocks will still have momentum by the end of the year."China Merchants Jinling International: Downgrades LINK REIT target price to HKD 45.7, maintains "Buy" ratingNew Stock News | JD Industrial passes Hong Kong Stock Exchange hearing, becoming the largest participant in China's MRO procurement service market"NVIDIA, Rich Enough to Rival a Nation": The Trouble of Having Too Much Money?U.S. stocks face the Thanksgiving holiday this week as multiple economic data and the Federal Reserve's Beige Book arrive amid fragile investor sentimentVaccination rates are declining, and the former "star vaccine stock" Moderna has become the most shorted stock in the U.S. marketCICC: Maintains Miniso "Outperform Industry" rating and lowers target price to HKD 50.18The Hang Seng Index opened up 0.92%, and the Hang Seng Tech Index rose 1.13%Goldman Sachs downgraded Ganfeng Lithium's H-share rating to "Sell" and lowered the lithium price forecast for the second half of 2026 by 14%Insuring against "AI troubles"? Insurance companies "dare not take it on"