📈 Portfolio performance brief: Thursday 4 December 2025

4 December 2025:  S&P 500:6,857.12   ▲ 0.11%   NASDAQ Composite: 23,505.14  ▲ 0.22%   SOX: PHLX Semiconductor Index:  7,215.97   🔻 0.89%    Portfolio:  ▲ 1.348%    AAPL: Apple : $280.70  🔻 1.214%    AMZN: Amazon : $229.11  🔻 1.407%    GOOG: Alphabet Class C: $318.39  🔻 0.696%    GOOGL: Alphabet Class A: $317.62  🔻 0.629%    IBM: IBM: $307.99  ▲ 1.775%    IONQ: IonQ: $54.76  ▲ 12.536%    META: Meta Platforms: $661.53  ▲ 3.429%    NVDA: Nvidia: $183.38  ▲ 2.110%    PLTR: Palantir: $177.92  ▲ 1.045%    QBTS: D-Wave Quantum: $28.70  ▲ 14.525%    RGTI: Rigetti: $30.06  ▲ 15.438%    TSLA: Tesla: $454.53  ▲ 1.744%   AUD/USD  🇦🇺: 🇺🇸 4 Dec 2025: 0.66125006 📉   🌏 S&P Global Investment Manager Index Sep 2025   🇺🇸 US Imminent Liquidity Crisis 2026? 6 Nov 2025   ⚙️ Manufacturing PMI:  🇦🇺 Global Jun 2025   🇺🇸 US Economy   🇺🇸 US Federal Reserve FOMC cuts FFR by 25bp to 3.75% - 4.00% [29 Oct 2025] [📆 Calendar]   🇺🇸 US Manufacturing PMI Oct 2025: 52.5   🇺🇸 US Consumer Price Index Oct 2025: +3% [BLS]   🇺🇸 US Economy [BEA]   🇺🇸 Consumer Sentiment (UMich) Nov 2025: 50.3 [Oct 2025: 53.6] [Nov 2024: 71.8]   🇺🇸 Employment Situation (Jobs Report) Sep 2025: +119,000 new jobs, 4.4% unemployment   🇦🇺 Australian Economy   GDP - Year to Sep 2025: +2.1%   S&P Global Australia Manufacturing PMI: Oct 2025: 49.7   Consumer Price Index: Year to Oct 2025 Quarter: 3.8%   Productivity Commission advises Treasurer to lower company tax rate [ABC 1 Aug 2025]   🇦🇺 Australian Currency   RBA OCR unchanged: 3.60% [4 Nov 2025]   Robotics  Unitree Robotics   ⏯️ Conversation   ⏯️ Development   Quantum   D-Wave Announces Formation of U.S. Government Business Unit: 2 Dec 2025   Nvidia’s New Product Merges AI Supercomputing with Quantum: [WSJ] 28 Oct 2025   D-Wave Advantage 2 European Growth: [Market Beat] 21 Oct 2025   Quantum supremacy: Google ran an algorithm on its Willow quantum chip that is verifiable and 13,000 times faster than today's best supercomputers [Google Quantum] 22 Oct 2025   D-Wave Advantage 2 European Growth: [Market Beat] 21 Oct 2025   D-Wave + IonQ: Q-Alliance - The Birth of the World’s Most Powerful Quantum Hub - Italy: 14 Oct 2025   National Quantum Initiative Reauthorization Act: 22 Sep 2025  Nvidia invests USD 1 billion in PsiQuantum [10 Sep 2025]   Rigetti Demonstrates Industry’s Largest Multi-Chip Quantum Computer; Halves Two-Qubit Gate Error Rate: 16 Jul 2025   Quantum computing over the next five years: Scenario planning for strategic resilience: Deloitte 11 Aug 2025   D-Wave Completes USD 400 million fund raise: 1 Jul 2025   AI   Anthropic, Google Discuss Multibillion-Dollar Cloud Deal [Bloomberg: 22 Oct 2025]   Anthropic, Google Discuss Multibillion-Dollar Cloud Deal [Bloomberg: 22 Oct 2025]   Jensen Huang: Nvidia + OpenAI [CNBC: 9 Oct 2025]   Microsoft Agentic AI [Bloomberg Technology: 30 Sep 2025]   Nvidia will invest up to $100 billion in OpenAI [Reuters 22 Sep 2025]   D-Wave Introduces New Developer Tools to Advance Quantum AI Exploration and Innovation: 4 Aug 2025   🇦🇺 Biological AI   🇺🇸 StarGate [USD 500 billion]   ❗️ GPT-5 [Sam Altman]: 7 Aug 2025   🇺🇸 White House AI Action Plan: 23 Jul 2025   🇺🇸 Pentagon's Chief Digital and Artificial Intelligence Office (CDAO) Awards Up to USD200 Million in Contracts for AI to Google, OpenAI, XAI, Anthropic: 14 Jul 2025   A16Z 50 Leading AI Companies 27 Aug 2025   ⏯️ Top 100 [Gen AI] Consumer Apps: 2 Sep 2025   ⏯️ Bloomberg AI: 2 Sep 2025   CrowdStrike 2025 Global Threat Report   Avatars   Synthesia: 17 Aug 2025   GPU+AI   GPU Trump Floats Idea of Selling Nvdia H200 Chips to China [Bloomberg 21 Nov 2025]   Nvidia Becomes First USD 5 Trillion Company [Reuters 29 Oct 2025] Jensen Huang Net Wealth: USD 164 Billion cf Elon Musk Net Wealth: USD 469 Billion   AGI: Artificial General Intelligence ⏯️ Tesla xAI Colossus 2 (1 million Nvidia GPUs)   Robotics+AI    Seeking Alpha   WSJ   Reuters     ⏯️ The Street   ⏯️ Bloomberg   ⏯️ Business News Live   ⏯️ Brief: 4 Dec 2025   ⏯️ Open Interest: 4 Dec 2025   ⏯️ Opening Trade: 4 Dec 2025   ⏯️ Technology: 3 Dec 2025   ⏯️ Markets: 4 Dec 2025   ⏯️ The Pulse: 4 Dec 2025   ⏯️ Surveillance: 4 Dec 2025   ⏯️ Insight: 4 Dec 2025   ⏯️ The Close: 3 Dec 2025   ⏯️ Balance of Power: 3 Dec 2025   ⏯️ DayBreak Europe: 4 Dec 2025   ⏯️ The Asia Trade: 4 Dec 2025   ⏯️ The China Show: 4 Dec 2025