① "Silicon Valley venture capital godfather" liquidates his Nvidia holdings ② Trump purchases more corporate and municipal bonds; ③ Alibaba's Qianwen APP officially launches public beta; ④ Novo Nordisk Launching in the US at a price lower than Eli Lilly Drug pricing.
On Monday (November 17), U.S. stock futures were mixed in pre-market trading.
As of press time, Dow Jones futures were down 0.03%, S&P 500 futures were down 0.05%, and Nasdaq futures were down 0.05%. The CSI 100 futures rose 0.05%.
In terms of individual stocks, Google rose nearly 4% in pre-market trading. Berkshire Hathaway, owned by Warren Buffett, established a position in Google in the third quarter, making it the tenth largest holding in the company. Alibaba... The stock price rose by more than 2.5% as the company officially announced its "Qianwen" project, marking its full-scale entry into the AI to C market.
Nvidia fell 1% after filings over the weekend revealed that billionaire Peter Thiel had sold his entire stake in the company ; Micron Technology... Prices rose by more than 1%, after reports indicated that Samsung had raised the prices of some memory chips by 30%-60% compared to September.
Last week, the Dow Jones Industrial Average rose 0.34%, while the Nasdaq Composite fell 0.45%. Tom Lee, head of research at Fundstrat, wrote, "We expected the first two weeks of November to be volatile, and it seems we are indeed in the midst of that volatility."
"While some worrying issues, such as the government shutdown and the New York City mayoral election, have been resolved, other issues remain. However, we still expect the volatility to eventually turn into a rebound, pushing the S&P 500 up by about 200 points and breaking through the 7,000 mark."
Later this week, Nvidia will release its quarterly earnings report, which the market has already identified as one of the most important market catalysts for the remainder of 2025. Despite the S&P 500 being up about 14% this year, artificial intelligence... The bubble mystery persists.
This Thursday, the U.S. Labor Department will release its September non-farm payrolls report, a data point of considerable importance to the Federal Reserve. Due to the previous lack of data, interest rate market traders have now lowered their expectation of a December rate cut to 44%.
Most European stock markets that are currently trading are lower, with the German DAX index down 0.71%, the UK FTSE 100 index down 0.23%, and the French CAC40 index down 0.49%.
Company News
Musk says he plans to deploy 100 gigawatts of AI satellites in space every year.
Musk shared a video on X of his recent interview with Ron Baron, which was shared by a user. In the interview, Musk said, "We see a viable path to 100 gigawatts of solar power per year." This method allows artificial intelligence satellites to be launched into orbit. Moreover, it enables the large-scale operation and management of artificial intelligence at minimal cost.
Berkshire Hathaway 13F Report: Selling Apple [Buy Google, net selling for 12 consecutive quarters]
Berkshire Hathaway released its third-quarter 13F report, the last detailed disclosure of Warren Buffett's stock portfolio before the end of his 60-year tenure as CEO. In the third quarter, Buffett sold a significant amount of Apple stock while buying shares in Alphabet, Google's parent company.
[“Silicon Valley venture capital godfather” liquidates his Nvidia holdings]
Documents disclosed last weekend revealed that billionaire Peter Thiel has sold his entire stake in Nvidia. Thiel's move comes amid growing market concerns about a potential tech valuation bubble fueled by artificial intelligence.
Trump purchases another $82 million in corporate and municipal bonds.
US President Donald Trump continued his purchases of municipal and corporate bonds this fall. New disclosures released Saturday by the US Government Ethics Office show that Trump purchased at least $82 million worth of bonds. (Netflix) Company, UnitedHealth Group, Boeing Company, MetaPlatforms Inc., Home Depot Company, Broadcom The company and Intel The U.S. government acquired shares in Intel during his presidency. He also purchased U.S. cities, local school districts, and utilities. Municipal bonds issued by companies and hospitals. These disclosures, dated October 17 and 20 respectively, were released by the U.S. Office of Government Ethics (OGE) after the government shutdown ended.
Novo Nordisk : Launches obesity drug in the US priced lower than Eli Lilly's .
Novo Nordisk has introduced a lower price for its obesity drugs than Eli Lilly 's for out-of-pocket patients. Novo Nordisk will market semaglutide oral formulation (Wegovy) and semaglutide injection (Ozempic) in the United States for $349 per month.
Wolfspeed announces new automotive-grade encapsulated TM4 power module
Wolfspeed announced the launch of a new automotive-grade encapsulated silicon carbide technology using its fourth-generation (Gen 4) technology. The power module (TM4) is designed specifically for electric vehicle traction inverter systems, allowing for flexible optimization of system performance to meet specific needs.
Alibaba is making a full-fledged entry into the AI-to-C market; its Qianwen app is now in public beta testing.
Alibaba officially announced Project Qianwen, marking its full-scale entry into the AI-to-consumer market. On the same day, the public beta version of the Qianwen app was launched, based on the world's highest-performing open-source model, Qwen3. With its free access and integration with various life scenarios, it aims to compete head-on with ChatGPT. According to a reporter from the Science and Technology Innovation Board Daily, Alibaba's core management views Project Qianwen as "the future battle of the AI era." It is revealed that Alibaba plans to integrate various life scenarios such as maps, food delivery, ticketing, office work, learning, shopping, and health into the Qianwen app, giving it more powerful service capabilities.
XPeng Motors Third-quarter revenue reached 20.38 billion yuan, a year-on-year increase of 102%, with a net loss of 380 million yuan.
XPeng Motors reported revenue of RMB 20.38 billion in the third quarter, a year-on-year increase of 102%, exceeding market expectations of RMB 20.45 billion. Adjusted loss per share for the third quarter was RMB 0.080. The quarterly gross margin was 20.1%, an increase of 4.8 percentage points compared to the same period in 2024. Total vehicle deliveries in the third quarter of 2025 reached 116,007 units, an increase of 149.3% compared to 46,533 units in the same period of 2024. Net loss attributable to ordinary shareholders of XPeng Motors in the third quarter of 2025 was RMB 380 million (US$50 million), compared to RMB 1.81 billion in the same period of 2024 and RMB 480 million in the second quarter of 2025.
[ Geely Auto's Gui Shengyue: Expected Extreme Krypton] [The merger with Geely Automobile will be completed by the end of this year]
At the Q3 earnings conference, Gui Shengyue, CEO and Executive Director of Geely Automobile Holdings Limited, stated, "Currently, from a legal perspective, there are no obstacles to the delisting of JK and the merger with Geely Automobile; the process is underway. Under normal circumstances, the overall transaction is expected to be completed by the end of this year." Looking back at previous announcements, in May of this year, Geely Automobile announced its plan to acquire all issued shares of its subsidiary , JK . If the transaction is completed, JK will be fully merged with Geely Automobile, and JK will be privatized and delisted from the NYSE.
Sohu The company's total revenue in Q3 was $180 million, a year-on-year increase of 19%.
Sohu.com Inc. released its financial results for the third quarter of 2025. The financial data shows that Sohu.com Inc.'s total revenue in the third quarter of this year was US$180 million, a 19% increase compared to the same period in 2024. Of this, marketing services revenue was US$14 million; online games... Revenue was $162 million. Non-GAAP net income attributable to Sohu was $9 million, turning a profit year-over-year. Furthermore, according to Sohu's previously announced American Depositary Share (ADS) repurchase program with a total amount of up to $150 million, as of November 13, 2025, Sohu had repurchased 7.6 million ADSs, totaling approximately $97 million.
Key events to watch in the US stock market (Beijing time)
November 17
21:30 Canada October CPI (MoM), US November New York Fed Manufacturing Index
22:30 Federal Reserve Vice Chairman Jefferson speaks on the economic outlook and monetary policy.
23:00 US August Construction Spending MoM
November 18
02:00 Minneapolis Federal Reserve President Neel Kashkari hosts a fireside chat
04:35 Federal Reserve Governor Waller speaks on the economic outlook
(Article source: CLS)
