'TikTok's Parent Company, ByteDance, Is Accelerating Efforts To Make Its Own Artificial Intelligence Chips As It Looks For An Edge Over Its Rivals In China's AI Chatbot Market' - The Information
"Market views" Hang Seng Index fell slightly, with a turnover of just over 47.9 billion yuan. Meituan and Kuaishou surged.
The mainland stock market will be closed during the Mid-Autumn Festival holiday (it will reopen this Wednesday), and the Hong Kong stock market is fluctuating positively today. Investors are waiting for the Fed's rate cut meeting this week. The Dow Jones and Nasdaq both rose 0.7% last Friday. As of the time of writing, the yield on the US 2-year bond fell to 3.553 basis points, the yield on the US 10-year bond fell to 3.644 basis points, the US dollar index fell to 100.7 levels, and the Japanese yen rose above 140 levels for the first time since July last year. The yen rose 0.72% to 139.8 against the US dollar. Dow futures rose 55 points or 0.13%, while Nasdaq futures fell 0.02%. Japan, South Korea, and the mainland stock markets are all on holiday.
"New Stocks" applies for Hong Kong listing again, baidu (09888.HK) holds nearly 12.5% of the shares.
Baidu (09888.HK), which holds nearly 12.5% of the shares, has submitted its third application for listing in Hong Kong on the Healthy Road. CICC International is the exclusive sponsor. On June 24, the Healthy Road received a notice of overseas issuance and listing from the China Securities Regulatory Commission, and plans to issue no more than approximately 0.109 billion shares of overseas listed common stock. The Healthy Road is one of the largest digital health veterinary services platforms in China. As of the end of June, the company's registered personal users on the platform reached 0.195 billion, registered veterinarians reached 0.8772 million, and connected hospitals reached 11,727. In the first six months of this year, revenue increased by 14.5% year-on-year to over 0.61 billion RMB, and losses narrowed by 4.
U.S. stocks closed | S&P 500 and Nasdaq both rose for the fifth consecutive week, with nvidia up nearly 16% for the week and broadcom up 22% for the week.
The rebound in US consumer confidence, the near four-year low in one-year inflation expectations, the support of the former "Fed's three hands" for a 50 basis point rate cut, and the significant increase in betting on substantial rate cuts by the "Fed's communication agency" and others, have returned to the "fifty-fifty" level. Small cap stocks rose by more than 2% on Friday, chip index rose by 10% over the week, NVIDIA rose by nearly 16% over the week, and Broadcom rose by 22% over the week. The two-year US Treasury yield returned to a two-year low, the yen rose above 141, the highest in nearly nine months, offshore renminbi rose above 7.10 yuan, and bitcoin rose to $0.06 million. Oil prices stopped the multi-week decline, and gold rose by over 3% for the best month in a month.
Express News | The work report meeting on the compliance and governance of online sales of medical instruments will be held in Beijing.
Hang Seng Index rose 167 points in the morning, with gains from Meituan and Xiaomi. Mainland real estate and pharmaceutical stocks also went up.
The market anticipates a rate cut in the United States next week, with the Dow rising 235 points or 0.6% overnight, and the Nasdaq rising 1%. Hong Kong stocks rose in early trading, with the Hang Seng opening 57 points higher. It briefly rose 300 points to 17,542 points and rose 167 points or 1% by midday, closing at 17,408 points. The HSCI rose 25 points or 0.7% to 3,501 points. The total turnover of the market reached 51.979 billion yuan in the first half of the day.
Bank of America's sharp commentary on the AI boom: Just getting started, equivalent to the "early days of the internet in 1996"!
① Bank of America Merrill Lynch said that the AI boom is still in its early stages, much like the development of the internet in the 1990s. ② The bank said that the impact of AI will be felt earlier than previous technology booms.
US stocks closing | NASDAQ, S&P joined hands for four consecutive positives, US stocks' seven giants all rose, with Meta up nearly 3% and Nvidia up nearly 2%.
In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.
US stocks closed: Technology breaks through to lift the index, Nasdaq and S&P jointly achieve four consecutive gains.
① After four consecutive days of gains, the S&P 500 index is still 1.3% away from its historical high. ② Warren Buffett's deputy sold more than half of Berkshire Hathaway's positions, causing the stock price to fall for the seventh consecutive day. ③ AirPods Pro transforms into an OTC hearing aid, with FDA approval for Apple's hearing assistance software. ④ Gilead's HIV prevention drug delivers positive results once again.
Investors Heavily Search Baidu, Inc. (BIDU): Here Is What You Need to Know
Baidu's Zhao Shiqi: The "Wenxin Intelligent Body" platform has successfully completed the commercial closed-loop, and more than 0.02 million intelligent bodies have started helping developers make money.
September 12th, 2024 | The Baidu Alliance Conference is being held in Shenzhen today. Zhao Shiqi, Vice President of Baidu and General Manager of Baidu Search, delivered a speech, stating that smart bodies are gradually becoming the next blue ocean of traffic, providing excellent opportunities for companies to overtake in the curve. Only distributed smart bodies can truly bring value, and the combination of 'search + smart bodies' will have a profound impact on the AI wave and future business. After more than a year of development, the Wenxin intelligent body platform has run through the full commercial closed loop of smart bodies 'development-distribution-monetization', achieving universal development, distribution, and benefits for everyone. Currently, the Wenxin smart
Express News | Baidu Ding Zongyao: Baiting 2024 DAU coverage exceeds 0.8 billion.
Express News | Baidu Xue Su: Millions of intelligent agents have been distributed in the new search text.
The Transportation Committee visited the baidu Apollo Park and the nio inc delivery center yesterday.
The Legislative Council Transport Panel inspection team visited the Baidu-SW (09888.HK) Shanghai Apollo Park yesterday morning (11th) to learn about the latest development of Baidu's smart connected car ecosystem and self-driving technology. They also had discussions with representatives from the park on fleet deployment, market promotion, and the safety of self-driving transportation. The inspection team then visited the Shanghai New Energy Automobile Public Data Collection and Monitoring Research Center to understand the operation of the country's first real-time data monitoring platform for new energy automobiles. They also visited the NIO-SW (09866.HK) delivery center to promote the efficiency of electric vehicle charging and related matters.
Express News | Baidu applied for the trademark "Baidu Netdisk AI photo editing".
US stock market closing: US stocks staged a "V-shaped" big reversal, with Nvidia soaring more than 8%; solar concept stocks and lithium stocks rose across the board, with first solar rising more than 15% and Albemarle rising more than 13%
The core CPI in the US in August exceeded expectations, and the market believes that the Federal Reserve will not make a significant interest rate cut next week. The US stock market fell at the beginning of trading, with the Dow Jones Industrial Average falling more than 740 points at one point. Huang Renxun emphasized the high demand for AI chips, and Nvidia, which had the largest increase in six weeks, led the US stock market to rebound in a V-shape, with the Nasdaq rising more than 2% and chip stocks rising nearly 5%. The US presidential debate boosted solar stocks, while Trump media fell more than 10% to the lowest level since its backdoor listing in March. Brent oil climbed back above $70, breaking away from a three-year low.
US stock market closing: Bullish layers are stacked, Nasdaq staged a "deep V takeoff", Donald Trump concept stocks injured alone.
①Harris' favorable election situation led the pv concept stocks, with First Solar leading the S&P 500 index; ②Production cut rumors stimulated a sharp rise in the lithium sector; ③Russia considers restricting exports of certain strategic raw materials, leading to a collective increase in uranium producers; ④Trump's media technology fell more than 10%, hitting a new low after landing in the US stock market.
Better Buy: Baidu or JD.com Stock
Express News | Robin Li's internal speech: In the future, the gap in large models will widen, still far from the ideal.
Extreme 07 is on sale, starting at a limited-time discounted price of 0.1999 million RMB.
Polestar announced that the Polestar 07 is officially launched, introducing three models including the standard version, the long-range version and the performance version. The official guide price ranges from 2.099 million to 2.999 million RMB (same below), and the current limited-time purchase offer price ranges from 1.999 million to 2.899 million RMB. Minimum zero down payment, 12 to 60 month financing plan with low annual interest rate starting from 1.99%. According to the domestic media, attendees at the Polestar 07 press conference include Baidu (09888.HK) Chairman and CEO Robin Li, Contemporary Amperex Technology (300750.SZ) Chairman and CEO Zeng Yuqun, as well as Nio Inc (09866.