1029 ｜Dolphin Research Key Focus:

🐬 Macro/Industry

1.On October 28th, Eastern Time, the Federal Reserve began a two-day FOMC meeting,and will announce the latest interest rate decision on the afternoon of the 29th local time (early morning of the 30th Beijing time).The market generally expects a 25 basis point rate cut, with focus on whether the balance sheet reduction will end and signals for December policy. Due to the government shutdown, the absence of key data such as employment, and significant internal disagreements on inflation risks and the pace of easing, some officials are concerned that a rate cut may exacerbate price pressures.

2.A spokesperson for the Ministry of Foreign Affairs announced: By mutual agreement between China and the United States, General Secretary Xi will meet with U.S. President Trump in Busan, South Korea, on October 30th local time to exchange views on China-U.S. relations and issues of mutual concern.

🐬 Individual Stocks

1.$NVIDIA(NVDA.US)

NVIDIA CEO Jensen Huang delivered a keynote speech at the second GTC conference of the year held in Washington, focusing on technological breakthroughs in 6G, AI, quantum computing, and robotics. Among them,NVIDIA's strategic cooperation with Nokia, the release of the NVQLink interconnect architecture and CUDAQ platform, collaboration with the U.S. Department of Energy to build the largest AI supercomputer in the U.S., and the launch of the Bluefield-4 DPU processor supporting AI factories were highlights,key points of the conference have been summarized by Dolphin Research, see "NVIDIA (GTC Conference): Shipping 'Disclosure' Next Year, AI Gets a 'Reassurance'"

2.$Apple(AAPL.US)

There are reports that Apple is preparing to make significant adjustments to its MacBook Air, iPad mini, and iPad Air series, planning to equip these devices with more advanced displays.The introduction of high-end displays will make these devices more competitive in terms of display effects, meeting users' high demands for visual experience. At the same time, it reflects Apple's continuous efforts in technological innovation and product upgrades.

3.$Uber Tech(UBER.US)

Uber announced,plans to expand its L4 level autonomous driving fleet powered by NVIDIA technology to 100,000 vehicles starting in 2027. NVIDIA provides the Drive AGX Hyperion 10 computing platform and DRIVE AV software, and both parties will jointly build a "Robotaxi Data Factory," integrating 3 million hours of driving data for model training. Stellantis will deliver the first batch of 5,000 vehicles, Foxconn is responsible for hardware integration, and initial operations will focus on the U.S. market. For Uber, this move can reduce reliance on human drivers and, in the long term, improve the gross margin of ride-hailing services.

3. Dolphin Research Focus on Earnings Reports and Conference Call Minutes

New Oriental: "Guidance Stabilized, Returns Maximized, Can New Oriental's Faith Be Restored?", "New Oriental (Minutes): Continue High Dividends and Buybacks Next Year"

Tonight, Focus Media and Kweichow Moutai will release their earnings reports, and Dolphin Research will track and provide interpretative analysis.

🐬 Leading Sectors

Shanghai and Shenzhen: Copper, Asset Management and Custody Banks, Aluminum;

Hong Kong Stocks: Market closed today;

U.S. Stocks: Coal and Consumable Fuels, Air Freight, Semiconductor Manufacturers.

🐬 Focus for Tomorrow

1. Google, Microsoft, Meta, China Duty Free, BYD, Roblox, etc., will release earnings reports.

2. Federal Reserve interest rate decision (upper limit), U.S. real GDP annualized quarterly initial value, U.S. real personal consumption expenditure quarterly initial value, U.S. core PCE price index annualized quarterly initial value

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