Citi expects Japanese stocks to rebound by the end of 2026, saying the November 6 selloff had already priced in a recession scenario. According to Sina Finance, Citi does not expect Japan or the global economy to enter a recession. The Nikkei 225 has fallen more than 7% since November began. Concerns about tighter regulation of the U.S. AI and data center industries after the U.S. midterm elections, along with worries about further interest rate hikes after the Bank of Japan announced it had formally moved away from deflation, contributed to the selloff. The decline spread from technology stocks to other sectors, reflecting expectations of a broad deterioration in corporate earnings. Based on November 6 closing prices, Citi estimated that Japanese stocks implied earnings per share (EPS) expectations about 20% below the current consensus forecast, equivalent to a nearly 30% decline in overall corporate EPS for fiscal 2027. Such large earnings downgrades have historically occurred mainly during recessions. The MSCI Japan Information Technology Index implied a year-over-year EPS decline of more than 50% for fiscal 2027, which Citi considered too extreme. Technology stocks account for about 23% of the TOPIX. Citi said that even if technology-sector earnings were halved, overall Japanese corporate EPS would be unlikely to fall by more than 30% if other sectors remained stable. It said current share prices therefore also imply a sharp decline in earnings outside technology, making the market reaction excessive. Citi noted that a similar situation occurred in 2025: although analysts gradually cut earnings forecasts, share prices’ implied earnings expectations improved quickly and the market rebounded. The bank acknowledged that Japanese stocks could remain volatile in the short term but maintained its view that the market would recover by year-end.

Galxe is integrating its team and brand into Gravity and will gradually shut down Galxe Quest, Galxe ID, Galxe Passport, and related services. According to Foresight News, the Web3 growth platform said the move is intended to accelerate Gravity L1's development and adoption; Gravity and the G token will not be affected. Starting immediately, users cannot create new activities on Spaces, and Galxe+ and Galxe Score subscriptions, along with Galxe Passport minting, have stopped. Activity participation ends on December 5, and reward claims close on December 15, after which the website will switch to read-only mode. User assets, including Smart Savings and staked G that has not been withdrawn, remain safe; Galxe will provide a separate claim process later.

According to ChainCatcher citing Bernstein, recent allegations involving NVIDIA CEO Jensen Huang’s personal relationships are unlikely to directly affect demand for the company’s AI chips but could increase regulatory and political pressure. The episode could distract management or give lawmakers from both parties grounds to intensify scrutiny of NVIDIA. Bernstein also cited key-person risk, saying the company’s strategy and major operating decisions have long been led by Huang, who reportedly has about 60 direct reports. NVIDIA’s management structure relies heavily on his leadership, and it is unclear who could succeed him if he were unable to serve. Despite these risks, Bernstein maintained its Outperform rating and $400 price target.

According to Jin10, market sources say Alphabet (GOOG.O) is considering issuing bonds denominated in Hong Kong dollars and Singapore dollars as early as this month.

An interruption in critical satellite connectivity last month brought home to Ukraine the risks of a broader reduction in US support, according to Bloomberg.

When a tech industry executive is embroiled in a private scandal, the market already has a well-established script for how to react.

Investors are forced to confront an increasingly clear fact: the US economy is not heading towards recession, nor has it slowed down significantly; rather, it is experiencing a new round of re-acceleration.

As time goes on, the next step is to buy into technology/application layer companies that are expected to have the ability to "keep profits in their hands" as hardware and software needs are gradually met.

What we need to observe next is not only when the Nasdaq stops falling, but also whether the US stock market correction will further affect liquidity, and whether the crypto market can regain independent buying support.

Nvidia CEO Jensen Huang issued an open letter to all employees on Sunday, formally admitting to an extramarital affair and apologizing for "infidelity" to his wife. The board of directors announced the launch of an independent investigation on the same day. Nvidia's stock price fell more than 3% in overnight trading, further increasing the uncertainty facing the company.

Galaxy Digital believes that the U.S. separation of government structure is generally market-friendly, but AI governance, security risks, and the impact on the labor market remain major unresolved issues.

These three prominent figures in China's investment community, as highly influential individual investors in the A-share market, have made their portfolio adjustments an important indicator of market trends during periods of sharp market volatility.

Ethereum founder Vitalik Buterin published a lengthy article re-examining the source of ETH's value. He argues that rather than viewing ETH as a token whose valuation is supported by transaction fee burning, it should be more valued as a store of value.

Nvidia, Jensen Huang, Artificial Intelligence, Jensen Huang Admits to "Extramarital Affair," Nvidia Launches Investigation. Golden Finance: The biggest scandal in the AI ​​world is probably that of "Leather Jacket" Jensen Huang.

Vitalik wrote that ETH should be positioned more around its function as a store of value. He stated that the narrative of fee burning is not as powerful as it seems, and optimizing around this goal may make it difficult to balance decentralization and anti-capture capabilities.