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US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
Baidu Inc. (BIDU) Stock Moves -0.58%: What You Should Know
Brokerage focuses on Baidu Group (09888) and gives it a first-time "recommendation" rating, stating that Wenxin Big Model and ZhiJia will create a new growth curve.
Jingu finance news | Fangzheng Securities' research point out that the recent volatility in Baidu Group's stock price due to short-term fluctuations brought by Robin Li's resignation. If Tesla releases its self-driving ride-hailing service, Robotaxi in October, and it drives the industry to accelerate industrialization, the value of Baidu's intelligent driving business may be re-evaluated. Currently, due to the high costs of hardware, software, and safety personnel, the operation cost of Robotaxi is higher than that of online car-hailing and taxi services. However, with optimized supply chain and economies of scale, according to Frost & Sullivan data, the operating cost of Robotaxi can be reduced to
Top Gap Ups and Downs on Thursday: NVS, PGR, INFY and More
Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.
Baidu Inc. (BIDU) Stock Moves -0.21%: What You Should Know
"The most powerful and cost-effective"! OpenAI releases GPT-4o mini model.
Starting from Thursday, GPT-4o mini will be available to free users of ChatGPT, ChatGPT Plus, and team subscribers, and will be available to ChatGPT enterprise users next week. OpenAI plans to integrate images, videos, and audio into this model in the future.
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