Express News | Shares of US-listed Chinese Stocks Are Trading Higher After the People's Bank of China Announced a Cut in Benchmark Lending Rates
BYD Hires Ex-Baidu Exec to Speed up Driver Assistance Tech Development, Report Says
A former Baidu smart driving tech veteran has joined BYD to head up end-to-end large model algorithm development, according to local media. For details, please visit CnEVPost.
The central bank unexpectedly lowered the policy interest rate, stimulating the Hong Kong stock market to stop falling from its low point.
Last week, the Hang Seng Index fell a total of 875 points or 4.8%, reaching the lowest level in nearly three months since April 26; the Hang Seng Tech Index plummeted by 6.5%, dragging down the entire market. However, China's 1-year and 5-year LPRs were lowered by 10 basis points in July, driving a rebound in Hong Kong stocks today, climbing 181 points in the morning. The Hang Seng Index rose 142 points or 0.9% to 17,560 points in the half-day period; the National Index rose 61 points or 1% to 6,226 points; and the Hang Seng Tech Index rose 59 points or 1.7% to 3,596 points. The total turnover of the market in the half-day period was HKD 53.671 billion, and the net inflow of Shanghai and Shenzhen-Hong Kong stocks in the southbound trading was 2.
Dawning Information Industry (603019.SH): The company's unified computing service platform has achieved compatibility with Baidu's PaddlePaddle.
Dawning Information Industry (603019.SH) stated on the investor interaction platform of the company that its unified computing service platform has been adapted with Baidu's PaddlePaddle, and users can use PaddlePaddle framework by logging into the computing power service platform. In 2023, the company became one of the first cooperative partners of Baidu Wenxin Yiyu and jointly launched the PaddlePaddle+ Wenxin large-scale model hardware ecological collaboration plan with Baidu.
China International Capital Corporation: AI prosperity resonates at home and abroad, focusing on structural upgrading of traditional telecommunications business.
In the first half of 2024, AI computing power is still the core investment focus, with high prosperity in AI big model iteration and optimization and North American cloud vendors' AI investment, driving the performance and market performance of AI hardware core suppliers to resonate and drive the sector's market capitalization to rebound from the beginning of the year.
GTJA: Robotaxi accelerates fast, and Asia Vets driving intelligence continues to advance.
Recommended symbols for intelligent driving acceleration or cooperation, as well as components symbols with high configuration rates for advanced intelligent driving.
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.
Hesai Technology to Provide Long-Range Lidar For Baidu Robotaxi Platform
Hesai Technology (HSAI) said Thursday it will be the exclusive long-range lidar supplier for Baidu's (BIDU) Yichi 06 robotaxi platform.Based on Baidu's intentions to deploy 100,000 robotaxi vehicles
[Brokerage Focus] Guoyuan International: Continuous implementation of policies improves business efficiency with AI technology. The internet plus-related industry still has investment value overall.
Jingu Caixun | Guoyuan International Research pointed out that overall, due to the current stage of China's economy and consumption in the recovery phase, some Internet companies may face the risk of slowing performance growth or falling short of expectations as the mid-term disclosure period approaches. However, in the face of the tactical return of overseas funds, Hong Kong shares have already seen a significant repair in valuation multiples. Although the improvement of the fundamentals of Internet companies under macroeconomic pressure is limited, the current industry still has investment value due to the widespread buybacks and relatively low valuations of Internet companies, as well as the continuous implementation of policies and the gradual transformation of business with AI technology to improve efficiency. In addition, with the summer box office season,
Top Gap Ups and Downs on Wednesday: TSM, NVO, ASML and More
Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.
[Brokerage Focus] Bocom Intl maintains a buy rating for Baidu (09888), as short-term pressure is expected for advertising in the second quarter, and core revenue is expected to remain flat year-on-year.
Bocom Intl released a research report stating that it is expected that in the second quarter of 2024, Baidu's core revenue will remain flat, with core revenue of 26.4 billion yuan (RMB, same below), a decrease of 3% from the previous. Mainly due to short-term pressure on advertising; adjusted net income is 6.69 billion yuan, corresponding to a profit margin of 25%, compared with VisibleAlpha's expected revenue growth rate of 0.9% and operating profit of 6.5 billion yuan. Baidu's (including iqiyi) revenue is expected to be 34.3 billion yuan, an increase of 0.9% YoY, and adjusted net income is 6.8 billion yuan, corresponding to a profit margin of 19.8%. The bank expects advertising revenue to decline by 3% YoY to 1.
The next trend for generative AI could be the TTT model.
The 'brain' of the Transformers architecture that supports models such as Sora is a lookup table and so-called hidden states. Unlike Transformers, TTT does not continuously grow as it processes more data. It replaces hidden states with machine learning models, like nested dolls of AI, which is within a model.
Hong Kong stock concept tracking | "vehicle-road cloud integration" policy is bullish with frequent releases, the trillion-dollar market is expected to usher in a booming period (with concept stocks).
CITIC Securities pointed out that as regulations for self-driving industry on both national and local levels gradually improve, each link in the industry chain is expected to accelerate technology research and development and product deployment, benefiting the intelligent automotive industry chain.
Peeling Back The Layers: Exploring Baidu Through Analyst Insights
9 analysts have expressed a variety of opinions on Baidu (NASDAQ:BIDU) over the past quarter, offering a diverse set of opinions from bullish to bearish.The following table summarizes their recent
Express News | Shares of Chinese Stocks Are Trading Lower Amid Reports Suggesting the Biden Administration Is Considering Chip Sale Restrictions on China, Which Could Drive US-China Tensions