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BofA Securities Maintains Baidu(BIDU.US) With Buy Rating, Cuts Target Price to $104
Trump calls on the United Kingdom to "open" the North Sea and dismantle the Generator.
① The elected president of the USA, Trump, posted on his personal Social Media platform Truth Social, urging the United Kingdom to open the "North Sea" and remove the Generator; ② Due to depleting reserves and the Global shift towards Wind Power, oil production in the North Sea has been continuously declining, and oil companies have gradually withdrawn from the North Sea in recent years.
Express News | The extreme car owners have released a joint open letter demanding the immediate restoration of the extreme after-sales system.
Car owners jointly demand that Geely immediately restore the after-sales system, citing serious threats to driving safety.
Geely Holding and Baidu-SW (09888.HK) affiliated company Jiyue Automobiles are facing operational difficulties, with Jiyue vehicle owners from across the country joining together to protect their rights and issuing an open letter. They stated that since December 12 of last year, key components have been in short supply, causing vehicle repairs to stall, significantly impacting the daily travel of some owners and increasing additional Transportation costs. Additionally, there are problems with the stability of the onboard systems, with frequent occurrences of system crashes, navigation failures, and Battery management abnormalities, which could potentially lead to severe safety incidents such as sudden power loss or fires, severely threatening driving safety. Jiyue vehicle owners are calling for the company, Geely, and Baidu to immediately restore the Jiyue service.
Hong Kong Stock Concept Tracking | Alibaba enters the AI glasses market, Asia Vets Industry Chain accelerates and breaks through (with related stocks)
Investment in R&D and channels empowers AI eyewear to scale up, accelerating breakthroughs in smart eyewear.
Hong Kong stock midday review | All three major Indexes have risen! Tech stocks and Golden Industrial Concept perform strongly, Xiaomi rose over 5%, and Laopu Gold increased by over 3%, with stock prices reaching new highs during the session.
Most Network Technology stocks rose, with XIAOMI-W up by 5.59% and SENSORY-W down by 3.55%; Hong Kong Retail Stocks weakened, with BOSSINI INT'L rising by 5.61% and PRADA falling by 4.45%; semiconductor stocks generally increased, with CONTEL up by 11.11% and HG SEMI down by 3.33%.
Transcend Extreme Automobiles intends to establish a 2.0 team and begin rehiring employees.
It is rumored that Geely Holding and Baidu-SW (09888.HK) subsidiary Extreme Automobile "Startup 2.0" has had a meeting where CEO Xia Yiping has started forming a 2.0 team. All departments were present except for legal, including after-sales, finance, and human resources, with about 500 personnel registered to return for reemployment; however, initially, more positions are likely to be allocated to after-sales. It is reported that the working group will officially start signing contracts in the next few days. As for employees remaining, they need to sign a new contract with another company, and their salary will need to be renegotiated with the new company, which is expected to be lower than before. The meeting also discussed how to avoid funds being frozen.
Market Chatter: Baidu CEO Predicts AI Boom in 2025
Hong Kong stock market morning report on January 3: GTJA's merger application with HAITONG SEC will be discussed next week. Institutions expect that Hong Kong stock IPO fundraising could reach 160 billion Hong Kong dollars in 2025.
① PwC predicts that Hong Kong stock IPO fundraising could reach 160 billion Hong Kong dollars in 2025. ② GTJA's merger application with HAITONG SEC will be discussed next week. ③ Alibaba's buyback plan still has a remaining quota of 20.7 billion US dollars. ④ Last November, Hong Kong's retail sales volume decreased by 8.3% year-on-year.
U.S. stocks closed | The S&P and Nasdaq fell for five consecutive days! Tesla dropped over 6%; Quantum Computing concepts surged against the trend, with LAES skyrocketing nearly 41%.
The chip Index, NVIDIA, Energy, and photovoltaic stocks rose, Uranium and Nuclear Power stocks surged, the China concept Index fell by 1.5%, NIO rose over 4%, and Bilibili fell over 5%.
Baidu Inc. (BIDU) Falls More Steeply Than Broader Market: What Investors Need to Know
How Baidu (BIDU) Plans to Turn AI Into Revenue Streams
Pre-Market Trading Highlights | Nasdaq Futures rise over 1.2% as Goldman Sachs expects the Federal Reserve to cut rates by 75 basis points this year.
Gelonghui, January 2 | 1. The three major Equity Index futures in the USA all rose, with Nasdaq futures up by 1.27%, S&P 500 Index futures up by 1.07%, and Dow futures up by 0.85%.
Express News | The legal representative of Baidu Apollo Asia Vets Technology Company has changed.
Express News | A total of 579 Hong Kong stocks were short-sold today, with a total short-selling amount of 25.906 billion Hong Kong dollars.
Hong Kong market quick overview | Three major indexes closed lower, the Hang Seng Index fell below 0.02 million points; chip stocks and financial stocks declined, Semiconductor Manufacturing International Corporation fell nearly 9%; Golden Industrial Conc
Network Technology stocks fell, SenseTime-W dropped by 5.37%, JD-SW fell by 2.57%; Securities and Brokerage stocks weakened, Guolian declined by 8.89%, China Merchants fell by 7.25%; many Digital Health stocks went down, JD HEALTH dropped by 6.05%, Dingdang Health fell by 5.00%.
The "Technology Spring Festival Gala" CES is approaching, new AI glasses are being introduced one after another, will the "hundred glasses battle" be a direct confrontation?
① CES 2025 will be held from January 7 to 10, with companies including Sony, Thunderbird Innovation, and DPVR starting to promote new AI glasses. ② Industry speculation suggests that 2025 may become the inaugural year for AI glasses. CITIC SEC Research Reports indicate that the AI glasses sector is still in the Thematic Investment stage, and if key products from important manufacturers become breakout hits, it is expected to drive a shift from Thematic Investment to Fundamental Investment.
The wave of price cuts for large models has begun again! ByteDance takes action, with Alibaba doubling down on the consumer end.
Looking towards 2025, the domestic large model competition will continue. From the "hundred model battle" to the current "application battle", how B-end and C-end applications land becomes the top priority.
Express News | Baidu's 25th anniversary: Li Yanhong issues a letter to all staff, stating that AI technology and applications will experience explosive growth in 2025.
Express News | Exclusive | Baidu adds search products: launches "AI Search," interacting with different Asia Vets through @.