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On Friday morning, US stock index futures showed collective gains: Dow futures rose by 0.09%, Nasdaq futures increased by 0.3%, and S&P 500 futures were up by 0.17%.
Star Tech Stocks: Mixed performance with Netflix (NFLX) down over 3%, while Oracle (ORCL) and Broadcom (AVGO) both gained over 1%.
Popular Chinese Stocks: Most saw increases, with Baidu (BIDU) up over 5%, NIO (NIO) nearly 3%, and Xpeng Motors (XPEV) up over 2%.
JPMorgan suggests Bitcoin (BTC) could rise to $170,000 within the next year, drawing parallels to gold's price movements. Despite recent volatility, the bank's model indicates a potential 84% increase in Bitcoin's value over the next 6-12 months.
Reports indicate that Meta Platforms (META) CEO Mark Zuckerberg is considering a budget cut of up to 30% for the metaverse division by 2026, which has led to a 3% increase in the stock price. Analysts believe this move could further boost Meta's stock.
Nvidia (NVDA) CEO Jensen Huang shared insights on the AI race, emphasizing that there is no clear endpoint and that continuous technological iteration is key to success.
Baidu's AI chip subsidiary, Kunlun, is reportedly preparing for an IPO in Hong Kong, aiming for a valuation of nearly $3 billion. This news has positively impacted Baidu's stock.
Tesla (TSLA) has begun selling a lower-priced Model 3 in Europe, with prices starting at €37,970 in Germany.
Apple (AAPL) is experiencing a wave of executive departures, raising concerns about its leadership transition and competitive position in the market.
The market anticipates a 25 basis point rate cut from the Federal Reserve in December, driven by recent employment data. Goldman Sachs predicts a significant likelihood of this cut.
Morgan Stanley notes a significant copper inventory cancellation, indicating a bullish phase for copper prices, while Citigroup forecasts prices could reach $13,000 per ton by Q2 2024.
As the market prepares for the upcoming trading day, various factors including tech stock movements, cryptocurrency predictions, and Federal Reserve decisions are shaping investor sentiment.
