Tencent on AI agent in WeChat/e-com: -WeChat plans to launch an AI agent to assist users with tasks in its ecosystem -Currently in early development stages -fast progress in e-commerce, with strong GMV growth in small stores, moving towards AI-assisted e-commerce Interesting🧐

AI负面情绪+"数据迷雾"+fed可能减缓降息+软银卖英伟达导致去杠杆🤔 1 期权mm制造负gamma反馈循环， 特别是AI/半导体OI P/C Ratio极高 2 杠杆CTA(trend follower)被触发抛售 3 杠杆ETF被抛售 4 AI半导体CDS 市场hedging 所以即便很小规模的shock也会造成巨大的去杠杆式下跌，可能已经跟基本面无关🤔

OpenAI is crying🤔🤔

$NVDA on WED🤔

Morgan Stanley: Expect a breakout quarter. Checks showed material acceleration as issues resolved and demand surged. Growth bottlenecks are on complementary hardware (storage, memory, servers) and space/power, but none of that stops clear acceleration in demand. $NVDA 🚀🚀

On Nov 21, Huawei will unveil a technology that boosts computing resource efficiency It aims to boost GPU and NPU utilization from 30-40% to 70%. It provides unified management of diverse resources, including Nvidia and third-party hardware, for optimized training and inference.

Herman Jin 抛砖引玉， 下一年最受益的板块 1 power 2 冷却 3 PCB 4 光模块/传输 5 存储 最能受惠的是二三线公司，因为弹性最大。如果证实不是泡沫，弹性也更大。 增速最快的应该是光模块，power和冷却都可投🤔

看短視頻多，認知力下降、注意力下降、抑制控制能力下降🤔

$QFIN $FINV TUE WED 消金新政只会小幅影响Q3 30天逾期率和拨备💪😎

去槓桿進行中😎

Microsoft's AI Strategy Analysis - From Energy to Tokens 🤔

在一个负预期收益的游戏里，只要有人赚钱，就一定有人亏钱。 程序分析量价的时间序列能力比人厉害多，而且也会使用大量其他因子。相反，只看图线的韭菜连基础数学分析能力都没有。。。 所以结论很明显：长期统计学上来说，程序正在收割看图线的韭菜😎 对韭菜的建议：回去中学读数学和机器学习。。。

MS: LFG!! -2026 SPX 7800 -policy triumvirate: 1. OBBBA save 129B tax in 2026-2027 2. Fed cut rate by 50 bps 3. easing regulations, especially in the energy and financial sectors. -Large AI capex growth. Cash flow gap financed by public bonds and ABS $NVDA $AVGO $MSFT $GOOG 🚀🚀

My Google😍😍😍 $GOOG

mark

BofA on accelerated CTA unwinds: “A failure of equities to stabilize could force larger systematic unwinds, potentially helping drive a deeper decline in the Nasdaq," analysts led by Chintan Kotecha wrote in a recent note