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Summary News out of China has sent shares of US-listed Chinese stocks tumbling. Over the past several years, the NYSE FAANG+ Index has been a well-tracked measure of the mega caps. There is plenty of progress left to be made to erase the massive declines of the past year, but ...
Chinese President Xi Jinping secured an unprecedented third term as leader of the People's Republic on Sunday -- and U.S.-listed Chinese tech stocks promptly fell off a cliff as a result. As of 11:05 a.m. ET, shares of internet search giant Baidu (NASDAQ: BIDU) are down...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Chinese electric vehicle (EV) maker Nio’s (NYSE: NIO ) stock is down 20% today on news that President Xi Jinping has tightened his grip over the country’s Communist Party , and amid a spate of bad econo...
Market participants that are in search for further premiums on a long stock position may choose to evaluate a handful of covered calls strategies, according to members of BofA's equity derivatives team. BofA equity-linked analyst Gonzalo Asis highlighted in an investor note: “The...
Summary SOCL is a social media ETF from Global X with all the social media platforms that dominate a lot of modern discourse. Two major problems are faced by this ETF, the first is that advertising spending is probably going to contract. The second issue is that the largest of...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: humphery / Shutterstock.com Chinese stocks are falling on Wednesday as investors react to news that China is sticking to its Zero Covid policy . This policy has been incredibly damaging to the Chinese econo...
Summary Intel management is aggressively pushing to realize the Mobileye IPO - despite a very unfavorable time and unappealing terms. Intel acquired Mobileye, a sensor maker based in Israel, about four years ago and grew the company as a leading supplier for AI-chips and soft...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips U.S. investors have been tentative in investing in Chinese securities of late. That is mainly because of the increased volatility due to country-specific risks and a worldwide economic slowdown. Consequently, many Chinese t...
Summary Restrictions on NVIDIA for exporting its latest AI chips to Chinese big tech Alibaba could be a boon to hyperscaler Amazon with its AWS cloud and eCommerce platforms. The Chinese tech giant, which already owns the world's largest intelligent computing center makes heavy us...
Summary Alibaba stock is once again clouded by an extremely fearful outlook, with the stock trading again in the mid-70s. The last time Alibaba traded at similar levels (in mid-March), the stock aggressively rebounded by nearly 70% in the blink of one trading week. Reflecting ...
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Baidu to Report Second Quarter 2024 Financial Results on Aug 22, 2024 PR Newswire BEIJING , July 17, 2024 /PRNewswire/ -- Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) ("Baidu" or the "Company"), a leading AI company with stron...
2024-07-15 16:35:00 ET Shares of Chinese tech stocks Alibaba (NYSE: BABA) , Baidu (NASDAQ: BIDU) , and JD.com (NASDAQ: JD) fell on Monday, down 2%, 5.9%, and 5.3%, respectively, in Monday's trading session. The downdraft in China-oriented consumer tech names appe...