Caixin Media News on November 5 (Editor Shi Zhengcheng) As the US election enters the final countdown, all three major indices collectively fell as most investors remained cautious. US bond yields collectively fell, with the 10-year US bond yield dropping more than 8 basis points to 4.29%.

As of the close of Monday, the S&P 500 index fell by 0.28% to 5712.69 points; the Nasdaq index fell by 0.33% to 18179.98 points; the Dow Jones Industrial Index fell by 0.61% to 41794.6 points.

Interestingly, given the highly competitive situation between Trump and Harris in the election, supporters on both sides were in a rush to place their bets on Monday. The Trump Media Technology Group, which had seen double-digit percentage declines for three consecutive days, rose 12.37% on Monday after initially falling by 5%.

Meanwhile, photovoltaic and clean energy concept stocks also rose collectively on Monday. Obviously, these are all bets on Harris winning. For example, hydrogen fuel cell supplier Plug Power rose by 20.1% on Monday, solar installation system manufacturer Array Technologies rose by 12.09%, and ethanol fuel producer Green Plains rose by 9.72%.

Speaking of clean energy, it is worth mentioning that due to the rise in international oil prices on Monday, traditional energy stocks closely related to Trump's election also rose collectively, with the core reason being the delay of OPEC+'s production increase announcement.

In fact, since the US election will continue until the close on Tuesday, the US stock market trading tonight will still be a "blind frenzy." By the time the initial polling news from the key seven swing states is released, the A-shares will be almost ready to open on Wednesday, so the Asian markets (as well as the unknown liquidity tolerance of the US night market) will face the impact of the first wave of election results. Trump predicted on Sunday that the ultimate winner will emerge on the "night of the election."

Popular stocks performance

The US technology giants continue to fluctuate. Apple fell by 0.4%, Microsoft fell by 0.47%, Amazon fell by 1.09%, Meta fell by 1.14%, Google-A fell by 1.2%, Tesla fell by 2.47%, Nvidia rose by 0.48%, Intel fell by 2.93%.

Affected by the news of "Nvidia joining the Dow, Intel being ousted" and "Buffett continues to reduce Apple holdings", Nvidia rose by more than 2% at one point during trading hours, while Apple fell by more than 1%. The two companies briefly exchanged the position of "global market cap number one", but by the end of the trading session, Nvidia's sudden drop returned the top spot to Apple.

Chinese concept stocks performed steadily on Monday, with the Nasdaq Golden Dragon Index rising by 1.1%. Alibaba rose by 0.84%, Baidu rose by 0.49%, PDD rose by 1.46%, JD.com fell by 1.43%, NetEase fell by 0.1%, Nio rose by 0.78%, Li Auto fell by 1.64%, Xpeng rose by 4.77%, and Yum China closed up 7.17% in the background of exceeding expectations in its financial report.

Other news

The speculative logic of "nuclear power + data center" in the United States encountered regulatory setbacks.

By the close of Monday, US concept stocks in the "nuclear power AI data center" sector saw Constellation Energy drop by 12.46% and Talen Energy fall by 2.23%. In a vote last Friday, the Federal Energy Regulatory Commission (FERC) voted 2-1 to reject Talen Energy's proposal to increase power supply to Amazon data centers from its nuclear power plants, stating that the proposal did not sufficiently justify why federal rules should allow such a specific contract.

AstraZeneca and Viking Therapeutics released positive data on oral weight loss drugs.

At the "Obesity Week" conference in the United States, AstraZeneca announced on Monday that the once-daily oral GLP1 receptor agonist AZD5004/ECC5004 reduced patients' average weight by 5.8% in four weeks. It is worth noting that this drug was actually acquired by AstraZeneca from China.

Similarly, last Sunday, Viking Therapeutics also released positive early-stage trial data for the oral weight loss drug VK2735. However, the company's stock fell 13.36% after initially rising 8% on Monday. The reason behind this could be that analysts pointed out that if the company wants to expand production of the drug, it will require capital and expertise exceeding that of the two giants, Eli Lilly and Novo-Nordisk.

Reports state that Nvidia will allocate super micro computer orders to other suppliers.

The latest report indicates that due to the 'delisting' situation facing super micro computer, Nvidia is transferring the orders previously given to the company to other suppliers to manage supply chain fluctuations. Gigabyte, ASRock, have benefited from the reallocation of orders, signing contracts with major clients CoreWeave, and others.

After super micro computer quickly recovered from a 7% decline on Monday, it ultimately closed down 0.08%. The company needs to submit its audited annual report by November 20, or else face the risk of delisting again after 2018. The previous auditor, Ernst & Young, has already resigned. The company will release unaudited quarterly reports and hold a financial briefing after Tuesday's market close.

Developer strikes against New York Times, AI startup says: 'Let me replace you!'

On Monday local time, one of the 'big three' U.S. media companies, New York Times, faced a collective strike from its development team. Nearly 600 developers and data analysts at the company initiated a strike due to the inability to reach a labor agreement. In response, the CEO of AI search startup Perplexity, Aravind Srinivas, publicly expressed willingness to help New York Times during the election period, ensuring their reports are accessible to everyone.

It is worth mentioning that New York Times issued a cease-and-desist letter to Perplexity last month, demanding the company stop using its AI to aggregate articles.

Apple's iOS 18.2 will integrate 'Upgrade ChatGPT Subscription Service.'

The iOS 18.2 beta 2 version released on Tuesday shows that Apple (will provide integration with ChatGPT to eligible regions and users), and users can directly upgrade the ChatGPT subscription service from the Apple system settings interface. Although Apple had previously stated that an account was not required to use the integrated service, by linking an account, users can access existing OpenAI data, while paying users can also access more advanced models, voice modes, etc.

【Bezos, OpenAI invest in robot AI development company】

Physical Intelligence announced on Monday local time that it has raised $0.4 billion in funding from major investors, including Jeff Bezos, Thrive Capital, OpenAI, etc. This funding has brought the valuation of this company, established just this year, to about $2 billion. The company aims to develop AI foundational software, which is the 'universal brain' that can control all robots. In a paper released last week, the company demonstrated how the software named π0 enables robots to fold clothes, clean tables, and more.

(Demo video, Source: Physical Intelligence)