Subscribe to receive these charts every morning!

1. Analysts expect earnings per share for DAX members to rise by about 4% in 2025, outpacing all other Western European benchmark indexes, according to data compiled by Bloomberg Intelligence.

The outperformance is projected to continue next year, with a 14% increase in profits.

2. Silver trades above $40 an ounce, reaching highest since 2011.

3. Beijing recently hosted the first “World Humanoid Robot Games” as the country continues to prioritize Physical AI.

China has made humanoid robots a national priority with current tactics mirroring those that led to the country becoming the global leader in EVs, drones, batteries, solar, and more.

4. Affordable Chinese humanoids.

Chinese robotic startups have tended to release a wide range of models aimed at different audiences with similarly wide-ranging price points and specifications. This is particularly true for the more hardware-first startups (Unitree, EngineAI) whose strategy appears to be centered around mass-deploying robots to develop a user-base, refine their manufacturing, and serve as the enabling 'vessel' for global robot autonomy development.

The Unitree G1 is highly likely the most used humanoid globally given its low $16k starting price point (even used by US universities and startups for AI research). Now, within the past month, both Unitree and EngineAI have both unveiled new humanoids priced at slightly above $5k- the Unitree R1 and EngineAI SA02.

These cheaper humanoids may not be the most advanced, but they are still 1) probes collecting the critical data needed to train the next generation of robot models; 2) some of the only few robots being truly mass produced today.

Remember the key hurdles to AI robots at scale is data and manufacturing.

5. Alibaba’s soars 15% after making headway in AI.

Not a subscriber yet?