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Youdao, Inc.'s (NYSE:DAO) Price Is Right But Growth Is Lacking After Shares Rocket 31%
Minsheng Securities: The domestic online education platform is undergoing a second transformation.
The form of domestic online education carriers is evolving from traditional PC to mobile and hardware terminals, showing portable characteristics; after the emergence of large models, learning devices equipped with large models are undergoing a second transformation.
U.S. stock market closing: all three major indexes rose collectively, with the Chinese concept stock index up nearly 1%.
1. China concept stocks varied, nasdaq china golden dragon index rose by 0.93%; 2. Airbus plans to cut 2,500 jobs in defense and aerospace departments; 3. General Motors invests $0.625 billion in a top lithium project in the USA; 4. E-mini russell 2000 index has reached its highest level in nearly three years.
Goldman Sachs Raises China Economic Growth Forecasts
Youdao Inc (DAO) Q2 2024 Earnings Call Highlights: Strong Revenue Growth Amidst Sector Challenges
US stocks anomaly | Mainland education stocks weaken, ambow education (AMBO.US) falls more than 20%.
On Tuesday, mainland education stocks in the US weakened, as of the time of publication, ambow education (AMBO.US) fell by over 20%, to $3.21, with a transaction volume of $18.2506 million.
Loss-Making Youdao, Inc. (NYSE:DAO) Expected To Breakeven In The Medium-Term
