What's Going On With Chinese EV Stocks Nio, Xpeng, Li Auto Stocks On Monday?

Chinese electric vehicle stocks, including NIO Inc (NYSE:NIO), Li Auto Inc (NASDAQ:LI), and XPeng Inc (NYSE:XPEV), are trading higher Monday.China, a key AI chip and electric vehicle market, faces

Benzinga08:34 ET

Berkshire continues to reduce its shareholding in BYD, with its holdings falling below 5%!

According to analysis, once the shareholding ratio drops to 5%, Buffett will accelerate the pace of shareholding reduction, because shareholding reduction by shareholders with less than 5% shareholding does not require disclosure.

wallstreetcn06:51 ET

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.

wallstreetcnJul 19 21:32 ET

What's Going On With NIO Shares Today?

NIO Inc. (NYSE:NIO) shares are trading slightly higher on Tuesday.

BenzingaJul 16 10:28 ET

Jim Cramer Says If You Sell This Chinese EV Stock Now, 'Some Clown' Will Be 'Real Positive About It,' Wait Until 'All That Stuff Happens'

On CNBC's "Mad Money Lightning Round," Jim Cramer recommended going for Arista Networks, Inc. (NYSE:ANET). "Jayshree Ullal [President and CEO of Arista Networks] is an amazing businessperson, and I

BenzingaJul 16 08:52 ET

FAW-Volkswagen is going to fight a tough battle.

Eager to break through.

wallstreetcnJul 16 06:00 ET