Federal Reserve Chairman Mossallem: Very loose financial conditions and deregulation are positive factors.

Key News 1. Ministry of Industry and Information Technology: Formulating the "15th Five-Year Plan" for the development of intelligent connected new energy vehicles and new battery industries. 2. Unitree Robotics launches its first wheeled humanoid robot. 3. Huijin Investment Ltd. will issue its first tranche of government-supported institutional bonds this year, totaling 4 billion yuan. Individual Stock News 1. Data on main capital flows shows that CATL saw the largest net inflow of main capital at 2.655 billion yuan, followed by GigaDevice, Invic, Tinci Materials, and Tianqi Lithium. Shannon Semiconductor saw the largest net outflow of main capital at 849 million yuan, followed by Shanghai Electric Power, Canadian Solar, China Metallurgical Group, and COFCO Sugar. 2. VeriSilicon and Google jointly launched the open-source Coral NPU IP to accelerate the development of the edge AI ecosystem. 3. Kweichow Moutai, CITIC Securities, and others established a digital technology equity investment partnership with a total investment of 2 billion yuan. 4. Tianqi Lithium: Anda Technology is a downstream company in the company's industrial chain; currently, the company has no equity relationship with it. 5. Puran Technology: 2D NAND is gradually becoming an application solution for more and more terminal devices in related fields. 6. Zhaojin Gold: The company's various businesses are progressing steadily, and it will promote market capitalization management. 7. Dongtu Technology: The rumor that "the company has projects worth billions of yuan in the Middle East" is untrue. 8. Huafeng Chemical: Currently, the overall profitability of the adipic acid industry is low, belonging to a historical low. 9. Longyang Electronics: The company's HVLP5 copper foil products are still in the verification process with downstream customers. 10. Zhaolong Interconnect: It is expected that automotive customers will conduct factory audits next year, and automotive cables are expected to start mass production in 2026. 11. Hengguang Technology: The company's phosphorus pentachloride products can be used as raw materials for the production of lithium hexafluorophosphate.

Morgan Stanley raised its target price for Cisco (CSCO.O) from $77 to $82.