Another day of widespread decline! AMD also announced global layoffs | Important news recap

Good afternoon everyone! I am Dolphin Jun.

Today, both the Hong Kong and A-share markets experienced a broad decline, with the situation even more severe than yesterday. Last night, the U.S. released the October CPI data, which showed a year-on-year increase of 2.6%, and the core CPI rose by 3.3% year-on-year, in line with market expectations. The market did not react much to this, and the inflation level has once again strengthened expectations for a rate cut in December. The impact of the U.S. elections is still ongoing, and against the backdrop of a continuously strengthening U.S. dollar, the performance of the Asia-Pacific stock markets has been generally sluggish recently.

Here are some key stock news that Dolphin Jun is focusing on today :

1. $AMD(AMD.US) : The major AI chip manufacturer, Advanced Micro Devices (AMD), announced a global layoff of 4%, which means nearly 1,000 employees out of its 26,000 staff will be laid off. The main purpose is to focus more resources and manpower in the rapidly developing AI field, with a greater emphasis on the research and development of AI chips. There are rumors that this layoff may mainly concentrate on sales positions in consumer and gaming computers.

2. Last night, the focus was on Tencent's financial report. Detailed comments and minutes can be found in “Tencent: Increased Investment, Slower Profit Growth, Can the King of Stocks Still 'Attack and Defend'?” and “Tencent: Increased R&D Investment Mainly Used in AI (3Q24 Conference Call Minutes)”.

3. Tonight, JD.com, Bilibili, NetEase, Disney, and ZEEKR will release their financial reports. Dolphin Jun will prioritize tracking the financial reports of JD.com and Bilibili.

Key Focus for Tomorrow:

1. In terms of economic data, pay attention to the U.S. PPI month-on-month and year-on-year rates.

2. In terms of financial reports, pay attention to Alibaba's financial report.

Today's important news review｜Dolphin Investment Research｜Risk disclosure and statement of this article: Dolphin Investment Research Disclaimer and General Disclosure