Baidu's Robotaxi Growth Could Be Clipped by Human Rivals
Baidu Climbs After Beijing Proposes Draft Rules for Robotaxis - Report
Baidu's (NASDAQ:BIDU) stock jumped about 10% in Hong Kong on Wednesday after Beijing authorities said on Tuesday that they will support the introduction of robotaxis in ride hailing and car rental fleets in the city, Bloomberg News reported.
China Dominates Global Generative AI Adoption As Local Startups Face Fierce Competition From The Likes Of Alibaba And Baidu
China has emerged as the global frontrunner in the adoption of generative AI, according to a survey, conducted by SAS and Coleman Parkes Research.What Happened: The survey, which included 1,600
Shares of Baidu Group rose more than 12%. There is hope for Didi Chuxing to achieve profitability in the self-driving online car-hailing business model.
On July 10th, Futu News reported that Baidu Group-SW rose by more than 12%, as of the time of publication, up 12.17%, at HK$96.8, with a turnover of 1.059 billion Hong Kong dollars.
The Hang Seng Tech Index rose 2%, with the concept of self-driving cars bucking the trend and increasing significantly, and Baidu rose 10%.
The A-share market opens low, with self-driving cars and lithium mining concepts on the rise, Zhengzhou Tiamaes Technology and Dongjian Technology both hit the limit up. The Hong Kong stock market opens high and goes up, with network technology stocks leading the way and Baidu rising by 10%.
Hong Kong stock concept tracking | Peking plans to support autonomous driving cars for online car-hailing, institutions are bullish on Luo Bu Kuaipao's potential to achieve profitability (attached concept stocks)
Recently, the Beijing Municipal Bureau of Economy and Information Technology has solicited opinions on the "Beijing Self-driving Car Regulations (Draft for Comment)". The city plans to support self-driving cars for urban public electric bus passenger transport, online car-hailing, car rental and other urban travel services. The relevant person in charge of the Municipal Bureau of Economy and Information Technology said that the city will focus on legislation to solve the main problems faced by self-driving car innovation activities in specific areas, and provide clear, transparent and predictable institutional norms for market entities of level L3 or above self-driving cars based on ensuring safety. In its research report, GTJA pointed out that JoyRun is expected to achieve profitability in the self-driving car online car-hailing business model. JoyRun
Options Market Statistics: Tesla Hits 10-Day Winning Streak, Closes at 9-Month High, Options Pop
News Highlights
GTJA: Car-hailing service Robo-Taxi is expected to achieve profitability in the implementation of self-driving car commercial model.
GTJA pointed out in its research report that Luobu Kuaipao is expected to achieve profitability in the commercial model of self-driving online car-hailing. Luobu Kuaipao is an autonomous driving travel service platform under Baidu, which has opened passenger-carrying test operation services in 11 cities and conducted full self-driving travel service tests in Beijing, Wuhan, Chongqing, Shenzhen, and Shanghai.
Top Gap Ups and Downs on Tuesday: BABA, TTE, MUFG 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 Options Spot-On: On July 9th, 283.5K Contracts Were Traded, With 362.05K Open Interest
On July 9th ET, $Baidu(BIDU.US)$ had active options trading, with a total trading volume of 283.5K options for the day, of which put options accounted for 11.73% of the total transactions, and call
Express News | Shares of US-listed Chinese Stocks Are Trading Higher Possibly Ahead of China's CPI and PPI Data Expected Later Today
Baidu Up Over 9%, on Pace for Largest Percent Increase Since February 2023 -- Data Talk
Baidu Inc Sponsored ADR Class A (BIDU) is currently at $96.00, up $8.05 or 9.15% --Would be highest close since June 6, 2024, when it closed at $97.76 --On pace for largest percent increase since Feb.
Unusual Options Activity: MPC, VZ and Others Attract Market Bets, MPC V/OI Ratio Reaches 48.4
EST Jul 9th Afternoon Delivery - In the last two hours of trading, 7 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trends.
US stocks hit new highs, with Nvidia up 4.4% leading the technology stocks, Tesla rising for ten consecutive days, and Apple having the highest market cap.
The Nasdaq and S&P 500 large caps hit a new intraday high again, while the Dow Jones weakened; the US stock market's "Seven Sisters" rose except Microsoft, with Nvidia leading the gains, up nearly 4.4%, while Tesla rose more than 2% for ten consecutive days; Apple rose more than 0.6% and still has the highest market cap; chip stocks generally gave back more than half of their gains after rising, Arm Holdings and KLA Corp hit new intraday highs again; Chinese concept stocks index rose.
Top Gap Ups and Downs on Monday: NOW, INTC, EQNR and More
Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.
US stocks hit new highs, with Apple's market cap surpassing Microsoft's, Tesla rising for the ninth consecutive day, silver futures falling by 3% at one point, and French stocks opening high and falling low.
Waiting for this week's US CPI and PPI inflation and Powell's congressional hearing. The New York Fed survey found that Americans' inflation expectations have fallen for two consecutive months, and the market is still betting on two interest rate cuts later this year. The S&P and Nasdaq have hit new highs for at least four days in a row, and Apple's market cap has surpassed Microsoft to become the largest company. Nvidia's increase has been cut in half after a nearly 4% increase, and TSMC briefly rose more than 4.8% in market cap, breaking the $1 trillion barrier. AI concept stocks such as Arm and Oracle also hit new highs and Intel and Super Micro Computer rose more than 6%. The Chinese concept stock index fell 1%, Xpeng Motors fell more than 6%, and Niu Technologies rose 16%. The second round of the French parliament elections unexpectedly ended without any political party obtaining an absolute majority, and European stocks rose but fell in the final session. The euro and French bond yields also opened high
Express News | PDD Holdings Down 1.8%, NetEase Down 1.3%, Baidu Down 0.9%
Express News | Li Auto Down 2.0%, JD.com Down 1.8%, NIO Down 1.5%, Xpeng Down 4.3%
Express News | Ishares China Large Cap ETF Down 0.6%, Kraneshares CSI China Internet ETF Down 0.9%
Express News | Li Auto Down 1.6%, NIO Down 1.3%, Xpeng Down 3.5%