Li Auto Inc. Sponsored ADR (LI) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned +18.4% over the past month versus the Zacks S&P 500 composite's -0.3% change. The Zacks Automotive - Foreign industry, to which Li Auto belongs, has gained 5.4% over this period. Now the key question is: Where could the stock be headed in the near term?While media releas ...

证券研究报告 2026年主流车企城市NOA试驾报告 —2月上海篇 证券分析师 ：黄细里 执业证书编号：S0600520010001 联系邮箱：huangxl@dwzq.com.cn 2026年2月12日 请务必阅读正文之后的免责声明部分 核心结论 2 ◼ 2026年C端汽车智能化的主要矛盾已经从覆盖面向体验优化切换。主要智能驾驶主机厂/方案供应商已 实现包括环岛、掉头等复杂场景的城市NOA落地体验，并完善车位到车位、ETC通行等高阶功能，后续 主要优化方向为Corner Case的处理能力，以提升乘客与安全员的驾驶体验。 （ ◼ 本报告进行了大样本集中路测以及小样本深度路测两种形式，从场景实现、接管频率、舒适性等维度对 地平线、理想、千里智驾、轻舟智航、文远知行、小鹏汽车共6家智能驾驶主机厂/方案供应商的智驾体 验进行定性和定量的横截面评价。由于主观尺度、实际路况、安全员对智驾的信任度等因素的限制，本 报告不涉及具体车企/方案供应商的智能化能力排序（表格先后顺序按拼音首字母排序，不代表排序情 况），也不涉及具体车企/方案供应商的投资建议。 ◼ 相比2025年，2026Q1各家主机厂智驾能力均有提升，同时第三方 ...

也正是因为预售阶段的关注度，在这款车型上市前，关于理想MEGA的恶意解读内容已经充斥社交媒体。2月29日，理想MEGA的宣传视频在被张某某恶 意调暗和变更原配乐后发布，文案中包含大量"侮辱性内容"。 3月2日，理想MEGA上市第二天，有用户对这款车型进行恶意P图，将"奠"和"新能源殡仪车"等字样贴于车身，引发病毒式传播，诱导消费者将理想 MEGA和不好的事物进行联想。 这些恶意关联直接影响了潜在消费者对理想MEGA的观感。一位曾经参与处理此事件的理想汽车人士说，当时内部判断该事件存在黑公关行为，于是安排 摸底调研，一是了解这些舆论风波对用户的影响，二是为了掌握这些负面言论对订单变化的影响。在小范围调研中发现，至少有10位已经转大定的用户放 弃订单。 2024年3月，理想汽车第一款纯电车型MEGA上市，订单和销量都未如预售阶段那般火爆——理想汽车最初的预期是这款车型每个月可以实现8000辆销 量。 理想汽车在接受电厂采访时谈到了该案件发生的过程：早在2025年初，理想汽车就监测到关于理想汽车的负面信息明显异常，尤其是在理想i8、理想i6新 车发布前后，以及个别行业负面事件发酵期间，大量同质化的不实和攻击内容集中 ...

以下文章来源于人民智驾 ，作者证券时报 王小伟 人民智驾 . 追风智行 洞见赛道趋势——证券时报·人民智行研究院出品、证券时报旗下智能出行产业链垂类品牌。 历经"烧钱"扩张与激烈厮杀之后，中国头部造车新势力首次进入盈利季。 近期，蔚来发布四季度盈利预告，小鹏也释放季度盈利信号，零跑等企业更是锚定年度盈利目标……作为革新力量代表的新势力车企， 正集体跨越从"输血"到"造血"的临界点。在不少行业观察者眼中，这标志着新势力车企从喧嚣的青春期步入成年。 实现阶段性盈利之后，可持续盈利与健康的现金流将成为新势力车企的新追求。这既会促动车企竞争打法的进阶，也可能导致资本逻辑 从追求"贝塔"转向寻找"阿尔法"。 综合多位受访人士观点，盈利之后，新势力车企的生存法则有望从野蛮增长转向精耕细作，估值体系有望从制造业转向科技叙事，战略 路径有望从本土竞争转向全球博弈。 吹响集体盈利冲锋号 过去一年，中国新能源汽车市场销量创出新高，但在白热化的竞争中，盈利水平不断下探。业内将此视为一场残酷的压力测试与价值重 构。 在此轮挑战中，造车新势力集体杀出重围。 2月5日，蔚来发布2025年第四季度盈利预告，预计经调整经营利润为7亿元至12 ...

2026年1月理想交付27668，其中增程9358，纯电18310。L6789分别为5025/2113/1173/1047，i6i8MEGA分别为16883/1013/414。 | | 总交付 | 增程 | 纯电 | L6 | L7 | 18 | l B | i6 | i8 | IMEGA | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2026年1月 | 27668 | 9358 | 18310 | 5025 | 2113 | 1173 | 1047 | 16883 | 1013 | 414 | | 2025年12月 | 44246 | 24568 | 19678 | 12676 | 6150 | 3010 | 2732 | 15994 | 2745 | дза | | 2025年11月 | 33181 | 18984 | 14197 | 9434 | 5212 | 2130 | 2208 | 6798 | 6719 | 680 | | 2025年10月 | 31767 | 18340 | 13427 | 968 ...

Market Overview - The three major indices opened higher, with the Shanghai Composite Index up 0.12%, the Shenzhen Component Index up 0.12%, and the ChiNext Index up 0.30% [1] - The Shanghai Composite Index closed at 4,136.99 points with a trading volume of 70.29 billion [2] - The Shenzhen Component Index closed at 14,177.97 points with a trading volume of 112.95 billion [2] - The ChiNext Index closed at 3,294.57 points with a trading volume of 50.06 billion [2] External Market - The U.S. stock market saw slight declines, with the Dow Jones down 0.13% to 50,121.40 points, the S&P 500 down 0.34 points to 6,941.47 points, and the Nasdaq down 0.16% to 23,066.47 points [3] - Most popular Chinese concept stocks fell, with the Nasdaq Golden Dragon China Index down 0.65% [3] Institutional Insights - Huatai Securities highlighted the potential of AI video industrialization, recommending investment in companies with valuable IP assets, efficient content creation capabilities, and leading video model manufacturers [4] - CITIC Construction pointed out that the rapid development of AI technology is driving demand for high-end passive components, benefiting related metal new materials [5] - Huaxi Securities noted the acceleration of commercial aerospace, recommending low-orbit satellite components and chip suppliers due to the increasing pace of satellite launches [6] - Huatai Securities also indicated that the food and beverage sector is experiencing a seasonal peak, suggesting investment in quality leaders as the market stabilizes [7]

此外，美国劳动力市场仍存在持续下修的阴影，2025年每个月数据都被向下修正。结合年度基准修订和全年各月调整后，去年平均每月新 增就业岗位仅为1.5万个。 Janus Henderson Investors投资组合经理布拉德·史密斯表示："在预测者长期因劳动力市场疲软而对经济持谨慎态度之后，这份数据为经 济强劲增长、劳动力市场改善以及支持消费支出的工资增长提供了有力证据。" 他补充称："美联储在下月决定是否维持利率不变时，会将这一数据纳入考量。鉴于其'观望并依赖数据'的立场，这无疑会增强维持利率不 变的可能性。" 美东时间周三， 1月非农就业报告一度提振投资者情绪，但未能推动市场持续走高，三大股指最终均小幅收跌。 截至收盘，道琼斯指数跌0.13%，报50,121.40点；标普500指数微跌0.34点，报6,941.47点；纳斯达克指数跌0.16%，报23,066.47点。 盘前公布的数据显示，美国1月新增就业岗位13万个，远超市场预期的5.5万；失业率为4.3%，略低于经济学家预测的4.4%。 尽管报告显示就业增幅创一年多来新高，但增长仍集中在少数行业，主要是医疗保健领域，该领域新增岗位12.4万个，是2025 ...

Economic Data - The U.S. added 130,000 jobs in January, significantly exceeding the market expectation of 55,000 [1] - The unemployment rate stands at 4.3%, slightly below the economists' forecast of 4.4% [1] - Job growth is primarily concentrated in the healthcare sector, which added 124,000 jobs, double the normal growth rate for 2025 [1] - There is a persistent downward revision in the labor market data, with the average monthly job addition for last year adjusted to only 15,000 [1] Company News - Apple is reportedly facing setbacks in the development of an upgraded version of Siri, which may delay the release of several anticipated AI features [3] - Meta has begun construction on a new data center in Lebanon, Indiana, with an investment exceeding $10 billion, aimed at enhancing its AI infrastructure [5] - Google is integrating AI shopping features into its search engine and Gemini chatbot, allowing consumers to purchase products directly through AI-driven answers [7] - T-Mobile anticipates service revenue to reach approximately $77 billion by 2026, with plans to achieve 18 to 19 million broadband users by 2030 [8] - Ancora Capital has increased its stake in Warner Bros. Discovery and plans to oppose the company's deal with Netflix regarding its production and streaming assets [9] - Kraft Heinz has paused its planned spin-off, focusing instead on improving company performance under the new CEO Steve Cahillane [10]

Group 1 - Major tech stocks experienced a broad increase, with SanDisk rising over 8%, Oracle up 2%, and NVIDIA increasing by more than 1% [1][2] - Other notable gainers included Tesla, Broadcom, Apple, and Amazon, all showing positive movement [1] - The three major U.S. stock indices opened higher, with the Nasdaq up 0.77%, the Dow Jones up 0.41%, and the S&P 500 up 0.62% [3] Group 2 - Chinese concept stocks mostly rose, with Kingsoft Cloud increasing by over 11%, Bilibili up more than 3%, and Century Internet and Beike both rising over 2% [2][4] - Storage-related stocks rebounded, with Micron Technology rising over 6% and Western Digital increasing by more than 4% [4]

Core Viewpoint - The U.S. stock market experienced a stark divergence, with AI software stocks rebounding sharply while storage chip stocks faced significant declines, illustrating a clear "ice and fire" scenario on the Nasdaq stage [1][3]. Group 1: AI Software Stocks - A notable AI software stock surged 14.73% to close at $475, recovering from a nearly 40% decline from its peak of $785 last June [1][4]. - The recent rebound was supported by significant industry developments, including ByteDance's launch of its new AI video model Seedance 2.0 and Google's plan to acquire a customer service software company to enhance its AI capabilities [4]. - Analysts on Wall Street are shifting their views, suggesting that AI will enhance existing software rather than completely replace it, as enterprise workflows are complex and sticky [4]. Group 2: Storage Chip Sector - The storage chip sector faced a collective collapse, with SanDisk dropping 7.16%, Western Digital plummeting 8.65%, and Seagate Technologies falling 6.77% [1][8]. - The primary reason for the decline was the excessive price increases over the past six months, driven by surging demand for high-performance storage from AI servers, leading to profit-taking [8]. - Recent industry data indicated a slight decline in DRAM prices, breaking the market's expectation of continuous price increases, which contributed to investor concerns about the sustainability of the storage chip supercycle [8][12]. Group 3: Market Dynamics - The Nasdaq index fell by 0.59%, while sectors related to AI applications, such as cultural media and toys, saw gains of 1.5% to 3.5% [5]. - The ETF focused on software investments has seen its scale grow to 6.658 billion yuan, with valuations at a near one-year low, indicating a shift in capital from overvalued hardware sectors to underpriced software and application companies [5]. - The overall market structure is experiencing a split, with the Dow Jones index slightly up by 0.10%, while the Nasdaq and S&P 500 indices fell by 0.59% and 0.33%, respectively [12]. Group 4: Chinese Concept Stocks - Chinese concept stocks demonstrated resilience, with the Nasdaq China Golden Dragon Index rising by 1.09%, outperforming the major U.S. indices [11][12]. - The strong performance of Chinese stocks is attributed to their valuation being at a low point, alongside supportive domestic policies for platform economy and technological innovation [12]. - Key companies like Alibaba Cloud reported a 26% revenue growth in the latest quarter, indicating robust core business performance [12].