Apple (AAPL.US)'s CEO, Tim Cook, posted on Weibo expressing his sorrow over the devastating fire in Hong Kong, and saying that Apple is concerned about every affected resident and sincerely thanks the frontline rescue teams. Apple will donate to support local relief efforts.
~

AASTOCKS Financial News
Website: www.aastocks.com

BABA-W (09988.HK) launched new Quark AI glasses in China, entering the global AI wearable device market. The glasses' prices will start from RMB1,899, and the glasses are equipped with BABA-W's Qwen AI model and app.

Unlike other headsets launched by companies like Meta (META.US), the Quark AI glasses look like regular glasses with black plastic frame.
~

AASTOCKS Financial News
Website: www.aastocks.com

U.S. bourse advanced on Wednesday, with the three major indices charting gains for the fourth consecutive trading day ahead of the Thanksgiving holiday. The DJIA settled up 314 points or 0.7%, at 47,427. The S&P 500 hiked 46 points or 0.7%, closing at 6,812. The Nasdaq jumped up 189 points or 0.8%, resting at 23,214.

AI concept stocks shored up the market, with Oracle (ORLC.US) surging approximately 4% as Deutsche Bank reiterated its bullishness on the stock. Nvidia (NVDA.US), threatened by Google in its AI chip dominance, saw its stock price rebound over 1%. Other chip stocks such as Broadcom (AVGO.US) and AMD (AMD.US) each spiked over 3%.

Among the "Magnificent Seven", Microsoft (MSFT.US) and Tesla (TSLA.US) each leaped nearly 2%, while Alphabet (GOOG.US) experienced the sharpest slump, falling about 1%.
~



AASTOCKS Financial News
Website: www.aastocks.com

Zeyu Lu, a former member of Tesla (TSLA.US)'s Optimus dexterous hand team, has joined XIAOMI-W (01810.HK)'s robotics team, responsible for dexterous hand.

On personal social media platform, Lu introduced himself as the head of XIAOMI-W's robotic dexterous hand. He expressed his hope to accelerate the convergence of dexterous hand technology paths and its engineering implementation.
~

AASTOCKS Financial News
Website: www.aastocks.com

White House National Economic Council Director Kevin Hassett may be appointed as the next Federal Reserve Chairman, according to foreign reports. As he is an ally of US President Donald Trump, the market perceives an increased likelihood of a US rate cut, leading US stocks to rebound from early declines on Tuesday.

The S&P 500 finished up 60 points or 0.9% at 6,765. The DJIA rallied by as much as 734 points at one point, closing up 664 points or 1.4% at 47,112, marking its third consecutive day of gains. The Nasdaq, which had fallen by 1% in the morning, reversed its downtrend, ending up 153 points or 0.7% at 23,025.

Meta (META.US) is considering splurging billions of US dollars to purchase Alphabet's (GOOG.US) home-grown AI chips, The Information reported, citing sources. Spurred by this news, Alphabet and Meta rose 1.6% and 3.8%, respectively. As a leading AI chip company, Nvidia (NVDA.US) dived more than 7% at one point, with the slip easing to 2.6% by the close.

The decline in chip stocks eased slightly from earlier in the day, with AMD (AMD.US) diving 4% and Arm (ARM.US) dropping over 2%.

Major techs also rebounded with the broader market, with Tesla (TSLA.US) picking up 0.4%, Microsoft (MSFT.US) up 0.6%, and Apple (AAPL.US) up 0.4%.
~



AASTOCKS Financial News
Website: www.aastocks.com

NVIDIA (NVDA.US) defended its position on Tuesday amid concerns about its leadership being challenged, stating that its technology remains a generation ahead of the industry. The company, expressing happiness over Google's success in AI chips, said it will continue to provide technical support to Google.

Meta (META.US) is weighing to spend billions of US dollars to purchase Alphabet's (GOOG.US) proprietary AI chips, The Information earlier reported. This news has dampened NVIDIA's stock, which last sagged over 4%.
~


AASTOCKS Financial News
Website: www.aastocks.com

Owing to escalating demand for affordable pure electric vehicles, Europe recorded 1.09 million new car registrations in October, marking a YoY increase of 4.9% and a four-month rising streak, according to the European Automobile Manufacturers' Association.

Overall, Renault's sales rose by 11% last month, and both Volkswagen and BMW achieved strong growth. BYD COMPANY (01211.HK) also saw its sales surge by 2 times, overtaking Tesla (TSLA.US), which logged a fall of 48% in sales.
~



AAStocks Financial News
Web Site: www.aastocks.com

Anthropic officially launched its latest generative AI model, Claude Opus 4.5, claiming exceptional performance in programming and computer operations, and assisting users with complex business tasks, foreign media reported.

Anthropic was founded in 2021 by a group of former OpenAI researchers and senior executives. Microsoft (MSFT.US) and Nvidia (NVDA.US) had announced last week a multi-billion-USD investment in Anthropic, giving the startup an estimated valuation of approximately US$350 billion.
~



AASTOCKS Financial News
Website: www.aastocks.com

The US stock market will be closed on Thursday for Thanksgiving and will close half-day early on Friday. On Monday, US bourse rebounded, with Alphabet (GOOG.US) leading the rise in techs.

At close, the Nasdaq skyrocketed 598 points or 2.7% to 22,872, marking its best day since May 12. The S&P 500 rose 102 points or 1.6% to 6,705. The DJIA lagged the most with an upswing of 202 points or 0.4% to 46,448.

Tesla (TSLA.US) spiked 6.8%, making it the best performer among the "Magnificent Seven". Google released an upgraded AI model Gemini 3 last week, just eight months after launching Gemini 2.5, shoring up Alphabet's stock by 6.3%. Amazon (AMZN.US), Nvidia (NVDA.US), and Meta (META.US) rallied 2-3%.

The increment in AI stocks was notable, with Broadcom (AVGO.US) up 11% and Micron (MU.US) up 8%. Palantir (PLTR.US) and AMD (AMD.US) each jumped up about 5%.
~



AASTOCKS Financial News
Website: www.aastocks.com

Apple (AAPL.US) has sacked dozens of sales staff to streamline its approach to providing products to businesses, schools, and governments, marking a rare layoff move by the company, foreign media reported.

Management informed affected employees in recent weeks, sources divulged. The layoffs impact the entire sales department, with some teams being particularly affected, although the exact number of positions involved is unknown.
~



AASTOCKS Financial News
Website: www.aastocks.com