SHFE Tin Ends with Gains (2016-12-2)

On Oct 29, Hainan Provincial Computing Technology Co. and Tencent Cloud signed a strategic cooperation agreement covering computing infrastructure, large-model token services and AI office applications, for an integrated "AI + computing" solution for Hainan's government and enterprise sectors. The token cooperation covers commercial collaboration on large-model token services and paths to commercialize token going global and cross-border computing output. Tencent Cloud will also provide Hainan Computing and its customers with resources and services spanning high-performance and intelligent computing, storage and networking, supporting large-scale training and inference on the provincial AI platform with stable, flexible supply.

The Nasdaq 100 fell as much as 4.5% in intraday trading on Friday, dropping more than 10% from recent highs and facing its third technical correction of the year; the index was down about 3% for the week. Disappointing earnings from Alphabet, Amazon, Intel and ServiceNow triggered a tech sell-off, as the market reassesses AI investment returns and rising financing needs among tech firms amplify sector volatility. Strategists said investors no longer assume AI investments will inevitably generate rich returns and are focusing on return on capital and whether principal can be recovered. The last time US stocks saw three or more 10% swings within a year was 2022.

At SEMICON West 2026 in San Francisco, Nvidia unveiled a prototype of its next-generation co-packaged optics (CPO) solution, dubbed OOI (Optics-on-Interposer). Nvidia declined to give a commercialization timeline for OOI, saying only that it has received prototype samples. Industry sources said OOI will not affect China's optical communications industry in the short to medium term, noting that Nvidia's Feynman architecture, slated for 2028, will still adopt CPO and that OOI mass production is unlikely until after 2030.