2025-12-05 01:22:54

Last night, the US stock market was quite mixed. The Dow barely moved (+0.07%), while the S&P and Nasdaq both extended their gains for a third straight session. Among tech stocks, it was a mixed bag—Nvidia rose 2.12%, Tesla was up 1.73%, but Apple and Alphabet A both declined, and Intel had it even worse, plunging 7.45%. Chinese stocks performed decently, with the Nasdaq Golden Dragon China Index up 0.39%. NIO surged over 4%, and XPeng also gained more than 3%.

Back to A-shares: on Thursday, the market dipped early, but the brokerage sector stepped in to provide some support, helping the index recover a bit. The problem was that trading volume didn’t keep up at all—total turnover was just 1.5617 trillion, and the ratio of gainers to losers was 1,455:3,878, with far more stocks falling than rising. Today is Friday, and Moore Threads is going public, which will likely siphon off some liquidity. Expect big financials to hold up the market, while theme stocks remain sluggish and choppy. With some time left before the mid-December meeting, there’s a strong wait-and-see sentiment among funds, making short-term trading pretty tough. Don’t chase highs impulsively.

A few hot topics:

ByteDance’s Doubao phone has some new developments. Supply chain sources say they’ve started developing a second-generation product with ZTE. If all goes well, it could ship by the end of 2026. Related stocks to watch: ZTE, Furong Technology, Yunzhuo Technology.

Google is holding an Android XR launch event on December 9, reportedly showcasing new glasses, headsets, and Gemini. Related stocks: Boshi Eyewear, Kosen Technology, Luxshare Precision, GoerTek.

Moore Threads is listing on the STAR Market today (related stocks: Lianmei Holdings, Chuling Information, Inqutec, HET, Dazhong Public Utilities). Muxi Co. is starting its IPO subscription today (related stocks: Chaoxun Communications, Zhongshan Public Utilities).

Cambricon urgently refuted rumors the night before last, stating that all the news circulating about their products, clients, supply, and production capacity is false and misleading the market. Still, the stock was pulled up late in the session that day and ended up 2.75%.

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IfIWereOnChain

· 12-05 06:13

Intel really can’t hold it together like this, down 7.45% in one go. Feels like the chip cycle is about to hit. Wait, Doubao phone won’t start shipping until 2026? That slow? By then, the market will have already changed. NIO up 4%, Xpeng up 3%—feels like new energy might take off again this month, but with such lousy volume on the A-shares side, it’s really impossible to trade. Cambricon denied the rumors and still managed to hit the limit up. Hilarious—looks like someone’s still buying into these stories. Moore Threads listing is going to drain more liquidity, Friday’s market is really annoying, better wait and see. The Android XR launch event is a decent theme, but buying a stock like Luxshare usually just means losing money. But to be honest, that event is still a ways off, so it’s normal that everyone’s just watching for now. Not chasing highs is definitely the right move.

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MEVvictim

· 12-05 01:51

Intel drops 7.45%, LOL, did they encounter another bug? Quickly buy the dip on those two ZTE supply chain stocks, shipping by 2026 won't be a problem. A-shares are now being propped up by big financials, retail investors should just take a break, don’t chase highs and get slaughtered. The usual trick of denying rumors to pump Cambricon’s stock is getting old, but the market still falls for it every time. If Doubao Phone actually comes out, I’ll go all in on ZTE Corporation.

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LiquidityNinja

· 12-05 01:46

No follow-up on volume but still propping up the market, that's it then. On Friday, Moore Threads is going to drain funds, everyone just sit back and watch the show. Intel plunged 7.45% directly; this chip stock wave is looking pretty cold. It's still NIO and XPeng holding up the reputation for Chinese stocks. Doubao phone won't be out until 2026? ZTE has to rely on it to make a comeback, but it'll be a wait. Cambricon denied the rumors and still rose 2.75%. This script is pretty ironic, huh? Don't chase the highs. The market is just going to keep churning these days. Let's wait and see.

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gas_fee_therapist

· 12-05 01:41

Intel plunged 7.45% directly; this is the tragic history of the AI era. Jensen Huang must be laughing like crazy. A-shares trading volume is so dismal, yet the market is defended every day. The brokers must be exhausted. Cambricon's stock kept rising even after refuting rumors—there's something about this market. Doubao phone won't ship until 2026? That's way too late. Can Google's XR hype last until December? Feels like the buzz has already faded. Moore Threads going public will drain more liquidity—should the market be defended or dumped today? With such heavy wait-and-see sentiment, it's definitely not the time to rush short-term trades. Wait for meeting signals. NIO and XPeng are doing okay, but can this rebound last? With Intel's plunge, it feels like everyone's shorting it. With so many A-shares falling, it shows no one dares to push higher.

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