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Next week, the U.S. CPI will be the market focus, CoreWeave and Nebius will announce their financial reports

Next week, the U.S. October CPI, PPI, and speeches from several Federal Reserve officials will become the market focus. Previously, the U.S. added 165,000 non-farm jobs in October, and the unemployment rate fell to 4.1%, raising expectations for interest rate hikes. LSEG data shows that the implied probability of a Federal Reserve rate hike in December has risen to about 80%, with the market expecting that this cycle may see two more rate hikes, each by 25 basis points.In terms of inflation data, the U.S. October CPI will be released at 21:30 Beijing time on November 10, and the PPI will be released at 21:30 on November 13. ING expects that the overall CPI and core CPI will both rise by 0.3% month-on-month, which is sufficient to support a high probability of a rate hike in December. Monex's macro research director Nick Rees believes that unless the October CPI is significantly lower than expected, or the November employment report released on December 4 shows a clear weakness, the market is expected to have almost fully priced in the 25 basis point rate hike by the time of next month's meeting. Officials such as Waller, Bowman, Barr, and Jefferson will speak or participate in discussions during the week.According to Eastern Time, CoreWeave will release its third-quarter results after the market closes on November 10, Nebius will release its third-quarter results before the market opens on November 12, and Cisco will release its first-quarter results for fiscal year 2027 after the market closes on November 12. Anthropic plans to officially launch its IPO roadshow as early as the week of November 9. Geopolitically, the U.S., Russia, and Ukraine plan to hold working-level negotiations in Abu Dhabi from November 10 to 11. The head of the Ukrainian president's office, Andriy Yermak, stated that he does not expect breakthrough results from this meeting but believes that the resumption of face-to-face talks itself is progress.

first_img The Democratic Party of the United States regains control of Congress, and NVIDIA's AI chip exports will be subject to scrutiny

As the Democratic Party in the United States regains a majority in Congress, the new committee leaders are preparing to request Nvidia CEO Jensen Huang to explain whether the company has taken sufficient measures to prevent AI chips from flowing into China and other U.S. adversaries. The Democrats will utilize their authority in key committees to summon executives from Nvidia and other Silicon Valley companies to attend public hearings and request documentation to assist in industry investigations. After the new Congress is inaugurated on January 3, the Democrats will officially control both the House and the Senate.Currently, three Republican members of the House overseeing national security-related committees have requested Jensen Huang to provide a briefing on his interactions related to Megaspeed International in Singapore. Meanwhile, lawmakers are negotiating three bipartisan measures involving restrictions on semiconductor manufacturing equipment sales to China, codifying existing AI chip sales restrictions, and requiring verification of the location of AI processors. Among these, the "AI Oversight Act" aims to maintain current export controls for 18 months; the "Chip Security Act" requires the U.S. Department of Commerce's Bureau of Industry and Security to ensure that AI data center chips exported overseas have security mechanisms to verify whether they are being diverted to China and other concerning destinations.

first_img Reports indicate that Moon's Dark Side is seeking to rent advanced chip computing power from NVIDIA in Europe

CNBC cited four informed sources reporting that the Chinese artificial intelligence startup Dark Side of the Moon had discussions this year with several emerging cloud service providers operating data centers in Europe, seeking to rent computing power provided by NVIDIA GPUs. Three of the sources stated that Dark Side of the Moon primarily sought to rent NVIDIA's latest Blackwell series chips; one source indicated that the two parties had discussed renting a computing cluster deployed in Europe, consisting of 8,000 or more Blackwell chips.The sources said that Dark Side of the Moon mainly hopes to utilize these chips for AI model inference while also intending to acquire model training computing power. The United States currently prohibits the export of NVIDIA's most advanced AI chips to China, but existing laws have not granted regulatory agencies broad authority to restrict Chinese companies from remotely using these chips through overseas cloud services. Some cloud service providers and financing institutions, concerned about the U.S. tightening remote usage restrictions, have sought to charge higher advance payments, with proposals requiring Dark Side of the Moon to pay advance payments 30% to 50% higher than those of non-Chinese clients. Dark Side of the Moon was established in 2023 and owns the Kimi series models.
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