Asian Tech, Chipmaking Stocks Rise as TSMC Spurs AI Cheer
Technology stocks in Asia rose on Thursday, with chipmakers in the lead as strong monthly revenue figures from TSMC drummed up optimism over artificial intelligence-driven demand.
Express News | Citic Sec: Gradual Turning Point towards Commercialization of L4 Autonomous Driving
UBS Group: Baidu (BIDU.US) stock price may continue to fluctuate in the short term.
UBS Group pointed out that the stock price of Baidu (BIDU.US) (09888.HK) has surged due to the news about self-driving taxis, reflecting investors' renewed interest after holding low positions and the company's self-driving business. The bank has a positive view on Baidu's leading position in self-driving technology in the long run, but due to the uncertainty of the company's core advertising and AI monetization, the stock price is still expected to fluctuate in the short term. The bank likes Baidu's long-term AI potential and undervaluation, but believes that it will take time for the concept to gradually translate into revenue. The bank currently has a 'buy' rating on Baidu, and the target prices for US pre-depository securities and H shares in Hong Kong are
Express News | The price of the autonomous car of Carrot Run is only 0.2046 million yuan and has been open for passenger testing in 11 cities.
"Carrots Run Fast" has become popular and driven the concept of intelligent online car-hailing to the forefront. With a benign rotation, technology stocks are expected to continue to strengthen.
①Yesterday after the market closed, there was another heavyweight bullish news. Starting today, the become margin business is suspended and further restrictions on algo are in place, which may boost short-term sentiment. ②Wuhan's “Luobo Kuai Pao” driverless rental service is booming, driving the asia vets concept back to the forefront. ③Technology stocks are showing a benign rotation trend internally, and rotational opportunities can still be observed during the trading day.
After three days of bloodbath, Chinese concept stocks cost Wall Street billions! The Archegos liquidation case has resulted in Bill Hwang being convicted of fraud and market manipulation.
Three years ago, the Archegos crisis caused the market cap of Chinese concept stocks, such as Baidu, Tencent Music, and VIPShop, to evaporate more than 30 billion US dollars, and also caused investment banks such as Goldman Sachs and Morgan Stanley to suffer losses of billions.
Express News | GTJA: Carrot Run business model validation challenges the taxi industry with autonomous driving.
S&P 500 broke through 5600 points at the close of trading in the US, and Wall Street continued its record-breaking rally.
On Wednesday, July 10th, Wall Street's strong uptrend continued for the seventh day, pushing the US stock market to another record high. The S&P 500 index has set a historical new high for the 37th time this year, and closed above 5600 points for the first time.
Baidu Options Spot-On: On July 10th, 240.68K Contracts Were Traded, With 448.06K Open Interest
On July 10th ET, $Baidu(BIDU.US)$ had active options trading, with a total trading volume of 240.68K options for the day, of which put options accounted for 13.96% of the total transactions, and
Baidu Shares Are Trading Higher on Reports of Growing Interest in Its Apollo Go Robotaxi Service in China.
Baidu Shares Are Trading Higher on Reports of Growing Interest in Its Apollo Go Robotaxi Service in China.
Benzinga Market Summary: Market Awaits Thursday CPI Data, Baidu Jumps On Reports Of Robotaxi Popularity In China, Samsung Unveils Phones With Google Gemini Integration; AMD Jumps On Silo AI Acquisition
Benzinga Market Summary: Market Awaits Thursday CPI Data, Baidu Jumps On Reports Of Robotaxi Popularity In China, Samsung Unveils Phones With Google Gemini Integration; AMD Jumps On Silo AI
Baidu Stock Climbs on Growing Robotaxi Demand in China
AI stock popularity reaches a new high since 2019! Strategist: it's time to take profits and close out positions.
The strategist stated that although there may be no signs of overall price bubbles, the rise in some stocks is "worrisome".
The Nasdaq opened up 0.45%, with Baidu rising over 4%.
As of July 10th, the three major US stock indexes had mixed performances: NASDAQ rose 0.45%, S&P 500 rose 0.24%, and Dow Jones fell 0.05%. NVIDIA rose more than 1.8%. It is reported that the AI GPU H200 will enter the mass production phase in the second half of the year and is expected to deliver a large number of products after the third quarter. Taiwan Semiconductor rose more than 1.7%. Its sales in June increased by 32.9% year-on-year to 207.87 billion new Taiwan dollars, with sales in the second quarter exceeding expectations. Baidu rose more than 4%. Its subsidiary, Luobo Kuaipao, has opened its ride-hailing test operation in 11 cities.
Warning: Albemarle, PTC Plunged, Baidu and Corning Gained
Daily short sale tracking: Intel's short volume increased by 8 million, with a short sale ratio of 18%
Intel(INTC.US) ranked top of the list had the largest change in short volume (8.08 million shares), and the short volume ratio of Old National Bancorp(ONB.US) reached 41.43%. See more about the top 10 list of short selling volume changes in the latest trading day of the US stock market.
Baidu's self-driving taxis are becoming popular in Wuhan. The 'Spoon Carrot' is affordable but needs to be more intelligent.
Baidu insiders told reporters that the 6 million times refers to the cumulative service volume of Baidu's robo-taxis across the country. The cumulative total of Wuhan's vehicles in the first quarter of this year was 500, of which over 300 were self-driving cars. Multiple passengers felt that the vehicles generally drove smoothly and followed traffic rules, but the drawback was that they drove relatively slowly and were not flexible in complex road conditions. Therefore, they were jokingly called "carrots and spoons" by people in Wuhan.
US Stock Market Preview | Three major futures prices rose before trading! Powell returns to Capitol Hill tonight; JPMorgan warns: market turmoil is coming on Thursday.
Growth tech stocks rose across the board before the market opened, with Nvidia and Taiwan Semiconductor rising by about 2%; Bitcoin exceeded $59,000 per coin intraday, and digital currency concept stocks rose across the board; Competition is fierce! Tesla's market share in the United States fell below 50% for the first time.
Baidu's Robotaxi Growth Could Be Clipped by Human Rivals
U.S. stocks surged in anticipation of the earnings season, with Citigroup and Bank of America hitting historic highs. Baidu rose more than 8% overnight, marking the largest closing gain since February 2023.
Several major banks reached record highs in stock performance, with Citigroup up nearly 3%, Bank of America and Goldman Sachs up over 2%; Corning, the 'low-key winner' of the AI boom, jumped nearly 16% in two days, with a nearly 50% increase in the year; institutions are bullish on semiconductor equipment, with Applied Materials, Lam Research, and KLA Corp all seeing increases of over 40% this year.