【Gold Ten Data Organization: Daily News Briefing on the US Stock Market (November 25, Monday)】
1. According to reports, the US government plans to cut Intel's (INTC.O) preliminary federal chip subsidy from $8.5 billion to below $8 billion.
2. UBS Group has upgraded the ratings of six major US tech stocks from neutral to overweight.
3. An internal directive from Indian regulators shows that the Indian antitrust agency rejected Apple's (AAPL.O) request to delay the enforcement of a report finding it in violation of Indian competition law.
4. MicroStrategy (MSTR.O) acquired approximately 55,500 bitcoins for about $5.4 billion between November 18 and 24, with an average purchase price of $97,862 per bitcoin.
5. Reports suggest that Sony (SONY.N) is developing a PS5 handheld gaming device to compete with the Nintendo Switch.
6. Citigroup: Apple (AAPL.O) plans to release iOS 18.2 in December, which is expected to boost iPhone sales.
7. Noted tech analyst Gene Munster believes that by the end of this decade, Tesla's (TSLA.O) autonomous driving business will significantly boost operating profit, potentially seeing a growth of 10%-155%.
8. Johnson & Johnson (JNJ.N) submits a regulatory application to the FDA for antibody therapy to treat moderate to severe active ulcerative colitis.
9. Goldman Sachs: Downgraded NIO Inc. (NIO.N) ADR rating to sell, with a target price of $3.90.
10. Faraday Future (FFIE.O) has received 100 sets of body parts from Fujitsu to support the production of FF 91 2.0.
11. Tesla (TSLA.O) China: Limited time offer for Model Y with a 10,000 yuan discount on the final payment, which can be combined with a five-year zero-interest policy.
12. Super Micro Computer (SMCI.O) rose nearly 7% in pre-market trading, with the stock having surged over 78% last week, marking the largest weekly increase since the company's US IPO.
13. Macy's (M.N) has postponed the release of its Q3 2024 financial report. (Source: Gold Ten Data)