On Wednesday, most electric vehicle stocks experienced declines. However, XPeng (XPEV, Financial) rose over 1.4%, and Rivian Automotive (RIVN) saw an increase of over 3%. On the contrary, NIO (NIO) fell more than 2.4%, Li Auto (LI) dropped over 4.7%, and Tesla (TSLA) saw a slight decline.In related news, XPeng has scheduled the debut of its new P7+ model for October 10. This vehicle is touted as the world's first AI car and is positioned as a 300,000 yuan-class SUV coupe. According to XPeng, the car will fe ...

Johnson & Johnson (JNJ, Financial) has finalized the acquisition of V-Wave Ltd, a private medical device company. The pharmaceutical giant agreed to purchase V-Wave for an upfront payment of $600 million. This transaction is considered an asset acquisition and will result in approximately $600 million in in-process research and development expenses in the fourth quarter of 2024.V-Wave, which specializes in cardiovascular disease treatment solutions, will now operate as part of Johnson & Johnson's medtech di ...

Tesla (TSLA, Financial) has reported a significant boost in its China-made electric vehicle sales, reaching 88,321 units in September, marking a 19.2% increase year-over-year. The company's popular models, Model 3 and Model Y, saw a 1.9% increase in deliveries from the previous month. This surge in deliveries contributed to Tesla's best quarterly performance ever in China, with its Shanghai Gigafactory posting a third consecutive month of growth.Although Tesla has announced its global quarterly delivery num ...

Core Viewpoint - The9 Limited's stock price increased significantly following the announcement of a joint venture agreement aimed at enhancing its capabilities in artificial intelligence and big data marketing [1] Group 1: Stock Performance - On Wednesday, shares of The9 Limited opened over 6% higher and extended gains to 7.36%, trading at $7.88 [1] Group 2: Joint Venture Agreement - The9 Limited's subsidiary, Shanghai The9 Information Technology, signed a joint venture agreement with ShaoXing TongZe Network Technology [1] - The partnership focuses on developing and operating artificial intelligence algorithms and big data marketing businesses [1] - This collaboration is expected to drive growth and innovation for The9 Limited [1]

Chip stocks experienced varied movements recently. Super Micro Computer (SMCI) saw a notable rise of over 5.6%, while NVIDIA (NVDA, Financial) experienced a slight increase of 0.4%. In contrast, Micron Technology (MU) decreased by more than 1.5%, AMD (AMD) fell by 0.9%, and TSMC (TSM) declined by 0.6%.NVIDIA's CEO, Jensen Huang, discussed the future of artificial intelligence, emphasizing that it will be driven by services capable of "reasoning." However, he noted that achieving this level of AI will requir ...

Pfizer (PFE, Financial) experienced a 2.3% increase, reaching $29.85. The rise follows news that Pfizer's CEO plans to meet next week with key leaders from activist investor Starboard Value. Starboard Value currently holds approximately $1 billion in Pfizer stock and is advocating for changes to improve the company's performance.In addition, Pfizer and its German partner BioNTech secured a legal victory in the London High Court, invalidating two patents held by competitor CureVac. The disputed technology un ...

Amazon (AMZN, Financial) has developed a new system to enhance delivery efficiency by reducing the time needed for each package drop-off. This initiative aims to help customers make quicker purchasing decisions, even for new product types they may be less familiar with. Recently, Amazon announced the installation of spotlights on delivery trucks, which guide drivers to find packages at each stop. The technology, known as "Vision Assisted Package Retrieval," uses green light to illuminate packages, eliminati ...

NVIDIA's CEO Jensen Huang has outlined a future for artificial intelligence that focuses on services capable of "reasoning," which could revolutionize AI systems by changing how they handle inferencing. To reach this stage, Huang emphasized the need for reducing computational costs.Jensen Huang revealed that NVIDIA aims to significantly enhance chip performance by two to three times annually while maintaining the same energy and cost levels. These advancements will lay the groundwork for more sophisticated ...

Market Overview - S&P 500 futures are down 2 points, Nasdaq 100 futures down 20 points (0.1%), and Dow Jones Industrial Average futures down 25 points (0.1%), indicating a lower market opening after a previous recovery [1] - U.S. Treasury yields show little change, with the 10-year yield at 4.04% and the 2-year yield at 3.97% [1] Company News - Alphabet (GOOG) shares are down nearly 1.0% due to the DOJ considering remedies for Google, including a potential breakup in its antitrust case [1][3] - Taiwan Semiconductor Manufacturing (TSM) reported a 39.6% increase in revenue for September, driven by demand for AI chips, achieving approximately NT$759.69 billion, surpassing analyst expectations [2] - Lenovo, HP Inc., and Dell Technologies led the global PC market in Q3 2024, with a year-over-year growth of 1.3% in the PC market, attributed to businesses upgrading to Windows 11 [3] - Nvidia's CEO discussed the future of AI, emphasizing the need to reduce computing costs and enhance chip performance for complex reasoning tasks [4] - Norwegian Cruise Line Holdings (NCLH) saw a stock surge after being upgraded to a Buy rating by Citi, projecting a 23% three-year EPS CAGR [4] - Blackstone (BX) was downgraded to Neutral by Piper Sandler due to low realized performance revenue, despite expected demand growth in 2025 [5] - Infosys (INFY) announced an expanded collaboration with Microsoft (MSFT) to accelerate the adoption of generative AI and Azure services [5] - Baidu's Apollo Go robotaxi unit is in discussions to expand internationally, targeting markets like Hong Kong, Singapore, and the Middle East, aiming to operate in 65 cities by 2025 and 100 by 2030 [5]

Core Viewpoint - Investors are concerned about potential antitrust actions against Alphabet Inc., which has led to a decrease in the company's stock price by approximately 1% in pre-market trading [1] Group 1: Antitrust Concerns - The U.S. Department of Justice is considering recommending that Google be compelled to sell parts of its business, which would signify a historic antitrust breakup [1] - Persistent worries about regulatory actions against major tech companies are affecting market sentiment, particularly regarding Alphabet Inc. [1] Group 2: Market Impact - Kevin Thozet from Carmignac indicated that while the breakup scenario is influencing market sentiment, the eventual impact might be less severe as evaluating the individual value of Google's business lines could benefit investors [1]