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.

テクノロジー業界の幹部が個人的なスキャンダルに巻き込まれた場合、市場はすでにどのように反応するかという明確なシナリオを持っている。

投資家は、ますます明白になる事実に直面せざるを得なくなっている。それは、米国経済は景気後退に向かっているわけでも、大幅に減速しているわけでもなく、むしろ新たな再加速局面を迎えているということだ。

時が経つにつれ、次のステップは、ハードウェアとソフトウェアのニーズが徐々に満たされるにつれて、「利益を自社の手元に留めておく」能力を持つと期待されるテクノロジー／アプリケーション層企業に投資することである。

次に注目すべきは、ナスダックの下落がいつ止まるかだけでなく、米国株式市場の調整が流動性にさらに影響を与えるかどうか、そして暗号資産市場が独立した買い支えを取り戻せるかどうかである。

NVIDIAのCEO、ジェンセン・フアン氏は日曜日、全従業員宛てに公開書簡を発表し、不倫を正式に認め、妻への「不貞行為」を謝罪した。取締役会は同日、独立調査の開始を発表した。NVIDIAの株価は夜間取引で3％以上下落し、同社を取り巻く不確実性をさらに高めた。

ギャラクシー・デジタルは、米国の三権分立構造は概して市場に友好的であると考えているが、AIのガバナンス、セキュリティリスク、労働市場への影響は依然として大きな未解決問題である。

中国の投資界におけるこれら3人の著名人は、A株市場において非常に影響力のある個人投資家として、市場の激しい変動期におけるポートフォリオ調整を、市場動向を示す重要な指標としてきた。

イーサリアムの創設者であるヴィタリック・ブテリン氏は、ETHの価値の源泉を再検証する長文の記事を発表した。彼は、ETHを取引手数料の焼却によって価値が支えられているトークンと捉えるのではなく、価値の保存手段としてより高く評価されるべきだと主張している。

Nvidia、ジェンセン・フアン、人工知能、ジェンセン・フアンが「不倫」を認め、Nvidiaが調査を開始。ゴールデン・ファイナンス：AI 界最大のスキャンダルは、おそらく「レザージャケット」ジェンセン・フアンの件だろう。

ヴィタリック氏は、ETHは価値の保存手段としての機能をより重視すべきだと述べた。彼は、手数料の焼却という概念は見た目ほど強力ではなく、この目標を中心に最適化を進めると、分散化と不正利用防止機能のバランスを取ることが難しくなる可能性があると指摘した。