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Musk moved SpaceX headquarters to the Starbase in Texas.Geely applied for the unbounded intelligent cabin and the unbounded intelligent cabin. According to the information of intellectual property rights, Zhejiang Geely Holding Group Co., Ltd. recently applied for the registration of the trademarks of "Geely Unbounded Intelligent Cabin" and "Geely Unbounded Intelligent Cabin", which are internationally classified as scientific instruments and means of transport. The current trademark status is awaiting substantive examination.The three major indexes all fell by more than 1%, with nearly 4,200 stocks, and the index weakened sharply. The Shanghai Composite Index fell by more than 1%, the Shenzhen Component Index fell by 1.24%, and the Growth Enterprise Market Index fell by 1.45%. Securities, real estate and photovoltaics were among the top losers, with nearly 4,200 stocks falling in Shanghai, Shenzhen and Beijing.

Domestic insurance in Hong Kong stocks and Chinese brokerage stocks fluctuated lower, while domestic insurance in Hong Kong stocks and Chinese brokerage stocks fluctuated lower. Guolian Securities fell more than 5%, followed by New China Life Insurance, China Pacific Insurance, China Life Insurance, China Merchants Securities and china galaxy.Shanxi Securities: Sora officially launched the AI video generation tool, which continued to iterate. Shanxi Securities Research Report pointed out that 1) On December 10th, OpenAI officially launched Sora. Compared with the version released by OpenAI in February, the new Sora launched this time added Storyboard, Remix, Re-cut and other functions, which greatly improved the video re-creation ability and optimized the video generation speed and generation method. 2) Since the beginning of this year, domestic enterprises have begun to accelerate the research and development and iteration of AI video generation products, and the product capabilities have been continuously improved and the application scenarios have been continuously broadened. Sora was officially launched, and the video creation ability was significantly improved, and it began to change from a creative tool to a productivity tool. With the continuous iteration of AI video generation tools represented by Sora, its penetration into various application scenarios is expected to accelerate in the future. On the one hand, the application layer suggests focusing on creative, design, education and other multi-modal fields, especially video generation. On the other hand, the demand for computing power in video generation model is significantly higher than that in text, focusing on AI computing power related targets.Cantor Fitzgerald, the nominee of Trump Secretary of Commerce, was fined by the SEC, and the US Securities and Exchange Commission (SEC) sued Cantor Fitzgerald, a financial services company, for allegedly violating the regulatory disclosure regulations related to the Special Purpose Acquisition Company (SPAC) before raising funds. Cantor agreed to settle the SEC's allegations with a civil fine of $6.75 million, and agreed not to violate the relevant laws and regulations again, but the company did not admit or deny the relevant allegations. It is worth noting that Howard Lutnick, Chairman and CEO of Cantor, was recently nominated by US President-elect Trump as the Secretary of Commerce, and Lutnick is also the co-chairman of Trump's transition team.

Texas, the United States, launched an investigation into technology platforms for the protection of minors. Texas Attorney General Ken Paxton said on Thursday that the attorney general's office launched an investigation into more than a dozen technology platforms, covering practices on the privacy and safety of minors. Paxton added that the surveyed platforms include artificial intelligence chat robot startups such as Character.AI, Reddit, Instagram and Discord. Social media companies said that they will cooperate with officials to protect young users, and said that they have launched new tools aimed at protecting teenagers from surfing the Internet, including parental controls.Guosheng Securities: AEC heavy-duty computing industry chain has entered the era of Lian Heng. Guosheng Securities Research Report pointed out that AEC(Active Electrical Cable) is an active cable interconnection scheme, which is mainly used in short-distance high-speed data transmission scenarios in data centers. 1)AEC is expected to become the first step for optical module manufacturers to penetrate downwards. Optical modules need to master photoelectric conversion and high-speed data communication, and DAC/AEC/AOC products have relatively mature technical requirements compared with single-mode/multimode optical module products with longer transmission distance. 2) Copper interconnection is widely used by large CSP not only in NVIDIA. NVIDIA used a large number of high-density copper interconnects in B series products, which made the industry re-recognize the reliability and price advantage of copper interconnects in short-distance scenes. 3) In the era of Lian Heng, domestic manufacturers still have obvious advantages. Chip manufacturers, represented by NVIDIA, have been hoping to conduct a comprehensive industry consolidation and provide customers with a complete set of solutions. What CSP manufacturers want more is the decoupling of the industrial chain, and every link such as GPU, copper connection, optical module and switch can find corresponding suppliers. The heavy volume of AEC and the rise of CSP manufacturer's independent scheme indicate that the computing power industry chain has entered the era of Lian Heng, and we are firmly optimistic about the domestic related computing power industry chain.Shanghai Securities: The pharmaceutical and bio-industry is expected to further repair its performance and valuation. The Shanghai Securities Research Report pointed out that with the support of policies and the adjustment of the internal structure of the industry, the pharmaceutical and bio-industry is expected to further repair its performance and valuation. It is suggested to pay attention to five directions: 1) Innovative drugs (with strong national policy support, the payment terminal is expected to further improve and go to sea to occupy the global market); 2)CXO (the negative impact of the biosafety bill event has been eliminated, and the demand for orders in the superimposed interest rate reduction cycle has increased, which is expected to usher in a double repair of performance and valuation); 3) Imitation and innovation (centralized procurement is expected to clear up, increase innovation, and traditional pharmaceutical companies will usher in new opportunities); 4) Traditional Chinese Medicine (the national policy supports the innovation of traditional Chinese medicine, and its performance is expected to maintain a good growth rate); 5) Medical devices (equipment updating, high-consumption innovation, low-consumption going to sea, etc.). Individual stocks can be concerned about: Baekje Shenzhou, Wuxi PharmaTech, China Resources Sanjiu and so on.