Amazon (AMZN.US) is negotiating to invest in OpenAI, with the investment potentially reaching at least USD10 billion, pushing OpenAI's valuation past USD500 billion, Bloomberg reported, citing sources.

It is understood that the negotiations are still in the preliminary stages, and OpenAI may also adopt Amazon's Trainium chips besides the capital injection.
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Technology market research firm Counterpoint Research forecasted that global smartphone shipments will decline by 2.1% next year, as rising chip costs may impact demand.

The global electronics supply chain has been affected in recent months by a shortage of legacy memory chips, as manufacturers turned their focus to high-end memory chips for AI applications, the institution noted.

The low-end market (below US$200) has been most severely affected, with total component costs rising by 20-30% since the beginning of the year. Apple (AAPL.US) and Samsung are best positioned to weather the sharp cost increases over the next few quarters.

Last month, the institution warned that Nvidia (NVDA.US)'s move to use smartphone-style memory chips in AI servers might cause server-memory prices to double by the end of 2026.
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In November, the production and sales volume of commercial vehicles in Mainland China numbered 388,000 units and 392,000 units, respectively, marking an MoM upswing of 6.6% and 8.6%, and a YoY growth of 18.6% and 24.4%, data from the China Association of Automobile Manufacturers (CAAM) showed.

In 11M25, the total production and sales reached 3.843 million units and 3.87 million units, representing a YoY increase of 11.6% and 10.4%, with growth rates continuing to expand compared to that in 10M25.

Policy incentives and concentrated year-end deliveries are the key factors driving the elevation in sales volume, with the full-year total expected to stabilize at 4.2 million units, the CAAM noted.
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The market digested economic data, including the addition of 64,000 non-farm jobs in the US for November, which beat expectations; and flat October retail sales, which missed forecast.

US bourse traded mixed on Tuesday, with the DJIA opening lower and closing lower, ending down 302 points or 0.6% at 48,114; the S&P 500 finishing down 16 points or 0.2% at 6,800, marking a three-day losing streak along with the DJIA; and the Nasdaq ending up 54 points or 0.2% at 23,111, given Tesla's (TSLA.US) upswing.

Tesla maintained its uptrend, rising another 3.1% on Tuesday to close at US$489.88, setting a new record high at the close; its Robotaxi conducted testing in Austin.

AI stocks also moved higher, with Nvidia (NVDA.US) adding 0.8%, Oracle (ORCL.US) rebounding 2%, and Broadcom (AVGO.US) gaining 0.4%.
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Apple (AAPL.US) plans to widely expand its iPhone production line and is set to launch at least seven models by the fall of 2027, compared to the current five models, according to foreign media reports.

It is reported that this expansion will bring drastic design changes to the iPhone in recent years, as Apple intends to release a 20th-anniversary edition iPhone featuring a curved design on both the front and back.
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Tesla (TSLA.US) plans to commence battery production as early as 2027 at its factory located on the outskirts of Berlin, German media reported.

Tesla's only European electric vehicle (EV) factory in Grindelwald, Germany plans to produce up to 8 gigawatt-hours of batteries annually, with the planned capacity able to meet the demand for up to 130,000 EVs per year.

The company will invest hundreds of millions of euros in the factory to enable the existing infrastructure to fully commence production.
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OECD Secretary-General Mathias Cormann stated that a spike in AI investment that juices global growth is expected to continue, entailing long-term benefits.

In an interview with Bloomberg TV, Cormann anticipates persistent growth in AI-related investments in the near future. In the medium to long term, he expects enormous benefits from increased productivity given the accelerated diffusion and adoption of AI across all levels of the economy.

The OECD projects global economic growth to slow to 2.9% in 2026, down from the 3.5% as projected in 2025, and estimates potentially exacerbating trade headwinds. Cormann noted downside risks, including the unfulfilled impact of tariffs, trade uncertainty, and other structural pressures facing the economy.
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Tesla (TSLA.US) CEO Elon Musk confirmed that the company's autonomous taxi, Robotaxi, is undergoing testing in Austin.

Following this announcement, Tesla's stock price surged by nearly 5% at one point on Monday, eventually closing up 3.6% at USD475.31, just a step away from its historical high.
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US bourse settled lower on Monday, with upswing propelled by multiple sectors as traders wagered that upcoming US inflation data would be moderate and economic activity would remain strong.

The DJIA dipped 41 points or less than 0.1% to 48,416; the S&P 500 dropped 10 points or 0.2% to 6,816; and the Nasdaq fell 137 points or 0.6% to 23,057.

NVIDIA (NVDA.US) added 0.7%, whereas Tesla (TSLA.US) was also in good shape, soaring 3.6%. Oracle (ORCL.US) and Broadcom (AVGO.US), which had plummeted last week, remained weak, sagging 2.7% and 5.6% respectively for the day. Microsoft (MSFT.US) lost 0.8%.
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Tesla (TSLA.US) founder Elon Musk has become the first person in history to possess a net worth of US$600 billion, according to Forbes.

His startup SpaceX, based on previous rumor, might go public with an US$800 billion valuation. Tesla's stock price spiked over 3% on Monday.
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