Asia Markets Mixed, Europe Advances; Dollar And Gold Gain - Global Markets Today While US Slept
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.
Here's How Much $1000 Invested In PDD Holdings 5 Years Ago Would Be Worth Today
Meituan fights for low stock prices.
Fight back to the end.
Goldman Sachs "slapped in the face" JPMorgan: Profitable by 2025!
Goldman Sachs predicts that Luerbang Kuai Pao will achieve a balance of profits and losses in Wuhan in the next 2-3 quarters and will be profitable by 2025. In contrast, JPMorgan previously predicted that self-driving taxi services may still contribute little to Baidu's overall profits in the next 12 months.
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Shares of Chinese Stocks Are Trading Higher Following an Increase in China's June Exports.
Asia And Europe Markets Advance, Dollar Retreats After Powell's Dovish Stance - Global Markets Today While US Slept
Localization of suppliers! Temu starts digging into Amazon's corner.
Temu hopes to be more like Amazon, in order to reduce supply chain risks and provide faster delivery; while Amazon is imitating Temu, because it cannot ignore the fact that some consumers value low stock price over convenience.
Asia Markets Mostly Advance, Japan's Nikkei Crosses 42,000 Mark, Eyes on US CPI Report
"China ChatGPTs" struggle to attract customers.
Over a month ago, as Tencent officially launched the independent AIGC app 'Tencent Yuanbao', the 'BAT' finally gathered in the AI big model C-end product race track. In this AI application era, who can create the 'WeChat of the AI era' is highly anticipated.
Asia Mostly In Red, European Markets Gain, While Gold Advanced - Global Markets Today While US Slept
Baidu Climbs After Beijing Proposes Draft Rules for Robotaxis - Report
Kuaishou joins the big model application battle.
Author | Liu Baodan Editor | Zhou Zhiyu More than a month ago, Byte released the Bean Bag large model family, directly bringing large model prices into the "one thousandth of a cent era". Now, Kwai also pulled out the large model matrix from the bottom of the box and targeted tool applications. On July 6th, at the "New AI · New Applications · New Ecology" forum, Kwai's large models were collectively unveiled for the first time, and many new functions such as the flexible video generation large model and the image generation large model were officially released. Gai Kun, senior vice president and responsible person of the main site business and community science line of Kwai, said that Kwai has built large models in speech language, recommendation, and visual generation.
PDD Holdings's Options Frenzy: What You Need to Know
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.
Tencent Video has released a blockbuster for the summer.
Can the popular products continue?
Why Do Chinese Stocks Keep Faltering?
SenseTime wants to create a "super moment".
Author | Liu Baodan Editor | Zhou Zhiyu The popularity of ChatGPT has shown the huge potential of AI large-scale models. After more than a year of technical catch-up, domestic large-scale model companies have all bet on the application end. However, it is not easy to create a truly influential product. At the 2024 World Artificial Intelligence Conference, Xu Li, CEO of SenseTime, cautiously pointed out: "Despite the surging tide, we are still far from the 'super moment' that really shocked the industry." He emphasized that AI has not yet fully penetrated into the bone marrow of various industries, nor has it aroused widespread and profound social response.
Tencent wants to invest money in the most critical areas.
They voluntarily withdrew or contracted many businesses.