NVIDIA Invests Heavily in OpenAI; Alibaba & Baidu Show LLM Prowess | Today's Important News Recap

0923 ｜Dolphin Research Key Focus:

🐬 Macro/Industry

1. On Monday, the cryptocurrency market experienced significant volatility, with over $1.5 billion in long leveraged positions being forcibly liquidated, triggering a wave of sell-offs, with small tokens being hit the hardest. The substantial fluctuations in the cryptocurrency market reflect the high-risk nature of the market and the potential risks of leveraged trading. The severe impact on small tokens also indicates that during turbulent times, investors tend to prioritize selling higher-risk assets.

🐬 Individual Stocks

1.$NVIDIA(NVDA.US)

NVIDIA and OpenAI announced the signing of a letter of intent to establish a strategic partnership, whereby OpenAI will utilize NVIDIA's systems to build and deploy at least 10 gigawatts (GW) of AI data centers, using millions of NVIDIA's graphics processing units (GPUs) to train and deploy OpenAI's next-generation AI models. This represents NVIDIA's largest investment commitment to date. For NVIDIA, the collaboration with OpenAI helps ensure its equipment remains central in AI system construction, even as OpenAI ventures into the hardware domain, thereby solidifying its market position.

2.$Alibaba(BABA.US)

At the Yunqi Conference on September 23, Alibaba Cloud released and open-sourced a new end-to-end multimodal AI platform, QWEN3-OMNI, along with products such as Qwen3-TTS and Qwen-Image-Edit-2509. QWEN3-OMNI supports text, image, audio, and video input and output in any modality. The open-source strategy is expected to lower the barrier for developers, accelerate the implementation of AI applications, and strengthen Alibaba Cloud's stickiness in the B-end market. The multimodal capabilities complement visual and voice scenarios, potentially forming synergies with Tongyi Qianwen to enhance ARPU value.

3.$Baidu(BIDU.US)

Baidu Intelligent Cloud Qianfan launched a new visual understanding model "Qianfan-VL," which has been fully open-sourced. This series of models includes 3B, 8B, and 70B versions, optimized for enterprise-level multimodal application scenarios. The Qianfan-VL model is based on Baidu's self-developed Kunlun chip P800, featuring multiple model sizes to meet different scenario needs, providing reasoning capabilities, and enhancing OCR and document understanding capabilities. Its open-source strategy helps attract more developers to participate in model optimization and application development, accelerating the deployment of AI technology in enterprise-level scenarios.

🐬 Leading Sectors

Shanghai and Shenzhen: Semiconductor materials and equipment, diversified banks, industrial gases;

Hong Kong stocks: Sports and leisure facilities, household cleaning products, forest products;

U.S. stocks: Silver, precious metals and minerals, hardware storage and peripherals.

🐬 Focus for Tomorrow

1. Micron releases its financial report.

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