China's first homegrown GPU company. More threads now reading a public debut in Shanghai, founded by some former Nvidia employees who are now looking to take on the US chip giant. Our dude Debosa has some details in today's tech check.Hey D. >> Hey, good morning Carl. So investors while they're gaming out the Google TPU threat to Nvidia, the real blind spot may be on the other side of the world.China, yes, it's building its own GPU stack and more threads IPO. It's 4,100 times overs subscribed. That's the ne ...

财务业绩表现 - 九月季度营收超出预期，达到近350亿美元 [3] - 净利润同比下降53%，反映竞争加剧、消费疲软及AI成本上升 [3] - 云基础设施业务表现优于预期，收入增长34% [3] - 公司每股收益未达预期 [4] - 自由现金流出现下降 [5] 战略转型与AI投资 - 公司正从传统电商主导模式转向AI优先、云驱动的科技公司 [9] - 计划未来三年投入超过500亿美元用于扩展云容量、计算能力和自研芯片开发 [9] - 投资重点包括开发芯片、加强全球云数据中心以及在商业和物流中整合AI，以构建端到端AI生态系统 [10] - 公司正将其定位为中国构建自主AI供应链这一宏观目标的核心 [10] - 这一战略转型旨在实现更高利润率和可扩展的增长，并构建竞争壁垒 [11] 技术面与市场情绪 - 股价在业绩公布后最初上涨，但随后出现回调 [4] - 股价目前交易于157美元，仍低于50日移动平均线 [13] - 需要突破180美元至190美元的关键阻力位才能确立看涨模式 [13] - 股价走势很大程度上依赖于全球AI宏观叙事以及中美关系的发展 [13] AI产品与竞争优势 - 新AI智能体“Quen”在公开发布第一周内获得1000万次下载 [20] - 中国AI模型具有效率优势，其技术生态系统针对规模和成本效益进行了优化 [16] - 在能源方面，中国在过去15-20年对太阳能、水电等可再生能源进行了大规模投资，为AI发展提供了优势 [17] - 中国公司在AI应用商业化方面表现出色，庞大的国内用户基础为产品快速迭代提供了条件 [18][19]

Hello and welcome to Morning Brief Market Sunrise. I'm Raman Carmali live from Yahoo Finances Studios in London. It's Monday 24th November.Coming up on the show, markets are now more confident of a rate cut next month. I'll explain why. Amid a tricky time for AI, China is adding to the pressure for US AI giants.and why are European defense stocks falling. So, grab your coffee and let's own the morning. The first thing you need to know is that the Fed rate cut hopes are rising. According to the CME Fed watch ...