Fixed Income Daily Market Update Positive on shipment recovery and upgrade trend; Maintain Hold on fair valuation Technology (Hardware/Semi):Thematic investment and megatrend: Riding the AI wave into the next phase Opportunities from tender offer and repurchases Fixed Income Daily Market Update An inline 3Q23 and strong FY24E guidance 3Q23 beat and raise; Our sector top pick China Technology: Implications of the US’s updated chip restrictions to global/domestic SPE and GPU companies Technology (Hardware/Semi): Quick note on newly announced restrictions on advanced AI chips Quick note on newly announced restrictions on advanced AI chips