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.

科技行业高管爆出私德风波，市场早有一套熟门熟路的反应剧本。

投资者不得不重新面对一个越来越清晰的事实：美国经济并没有走向衰退，甚至没有明显放缓，而是在经历新一轮再加速。

随着时间的推移，接下来要买在硬软件需求慢慢被满足的过程中，那些预期拥有“能够把利润掐在手上”能力的技术层/应用层公司。

接下来需要观察的，不只是纳斯达克什么时候止跌，还要看美股调整是否会进一步影响流动性，以及加密市场能否重新获得独立买盘支撑。

英伟达CEO黄仁勋周日发出全员公开信，正式承认婚外情并道歉称对妻子“不忠”，董事会同日宣布启动独立调查。英伟达夜盘跌超3%，公司面临的不确定性进一步上升。

Galaxy Digital认为，美国分立政府格局整体而言通常对市场友好，但 AI 治理、安全风险以及对劳动力市场的冲击，仍是悬而未决的重大议题。

三位中国投资界知名人物作为A股市场极具影响力的个人投资者，在行情剧烈震荡之际，他们的调仓选择也成为观察市场的重要风向标。

以太坊创始人Vitalik发表长文，重新讨论ETH的价值来源。他认为与其将ETH视为依靠手续费销毁支撑估值的代币，不如更加重视其作为价值储存资产的定位。

英伟达,黄仁勋,人工智能,黄仁勋承认「婚外情」 英伟达启动调查 金色财经,AI圈最大的瓜，恐怕非「皮衣客」黄仁勋莫属。

Vitalik发文称，ETH定位更应侧重其价值储存功能。他表示，手续费销毁叙事的作用没有看起来那么强，围绕这一目标优化可能难以兼顾去中心化与抗俘获能力。