[Overnight global news you need to know on Saturday: The rebound in chip stocks pushed the Nasdaq to close up 1%; Microsoft is reported to gradually terminate the lease of AI cloud computing power from Oracle; the European Central Bank is reported to be considering reviewing data center-related bank loans] global news 1. According to reports, after Microsoft decided not to renew the contract, it began to gradually decommission the computing power rented from Oracle in the past few months. 2. Paraguay’s Congress passed the impeachment motion against President Peña Nieto. 3. Trump appointed Miller as his new chief of staff and Wells stepped down. 4. Bank of Japan Governor Kazuo Ueda said that if there is a serious impact in the future, QE tools may have to be used. 5. Musk expects SpaceX’s fourth-quarter revenue to increase by “approximately” 70% compared with the third quarter, and is expected to reach annualized revenue of US$100 billion in December. Musk still expects SpaceX's annualized revenue to exceed $500 billion by December 2027. 6. OpenAI completed a new round of financing of US$11 billion at a valuation of US$1.25 trillion, and the initial capital commitment was received on Friday. 7. OpenAI’s chief financial officer said that regardless of the election results, OpenAI will continue to invest in AI data centers. 8. The euro zone’s top banking regulator is considering reviewing data center-related loans to assess the risks that may arise from fluctuations in artificial intelligence market sentiment and valuations. 9. San Francisco Fed President Daley said it is expected that further tightening of monetary policy will be necessary. 10. Standard & Poor's downgraded Mercedes-Benz's long-term credit rating from A to A-, and the rating outlook remains negative. 11. The successor to European Central Bank President Christine Lagarde may ultimately be chosen between Dutchman Klaas Knot and Spanish Pablo Hernandez de Cos. global market 1. The three major U.S. stock indexes closed with mixed gains, with the Dow Jones Industrial Average falling 0.46%, the Nasdaq Composite Index rising 1.09%, and the S&P 500 Index rising 0.32%. On the weekly front, the Dow fell 0.94% this week, the Nasdaq fell 3.37%, the S&P 500 fell 2.68%, and the Nasdaq 100 fell 4.91%. The Nasdaq 100 and S&P 500 fell for four consecutive weeks, setting their longest record since March. Chip stocks rebounded on Friday, with the Philadelphia Semiconductor Index up 4.2%, AMD up over 11%, Cerebras up over 9%, Intel up over 7%, and TSMC up over 6%. 2. International oil prices rose slightly. The settlement price of Brent crude oil futures for January delivery rose 0.03% to US$98.32 per barrel; the price of WTI crude oil for December delivery rose 0.3% to US$90.83 per barrel. 3. International precious metals saw mixed gains and losses. Spot gold prices fell 0.44% to US$4,070.75 per ounce; spot silver prices rose by 0.27% to US$51.92 per ounce. 4. Livermore’s leading index of Chinese concept stocks closed up 2.83%. Among the constituent stocks, Xpeng Group, iQiyi, and NIO rose more than 6%, Li Auto rose more than 5%, Baidu rose more than 3%, and Bilibili and NetEase rose more than 2%.