Credit Suisse said Grizzly Research's report is misleading and incorrect.

Intel CEO Chen Liwu said CPU demand is rising rapidly and supply is tight; with AI application growth the shortfall may persist. He said Intel can currently meet only 50% of customer CPU demand and that "several large-company CEOs called; I could only apologize." Chen added Intel's 18A node has entered mass production and 14A will begin production in Q1 next year.

China International Capital Co (CICC) says the Fed is more likely to pause than hike, leaving markets positioned like long-call bets on uncertain upside. Using a static model of US Treasury yields and the dollar, CICC estimates gold support around $4,200–$4,500. Unless the Fed delivers consecutive hikes, downside pressure on gold is relatively contained; meaningful upside, however, requires a broader narrative. A Fed pause could feed narratives of lost confidence and de‑dollarization, while hikes would weaken that storyline, so upside is larger under no-hike scenarios and dependent on further narrative catalysts.