You've just raised $16 billion. That's a lot of money. What does it unlock for Waymo over the next 12, 24 months.Raising the $16 billion and at $126 billion valuation is really a vote of confidence. I mean, this team has been heads down for a long time trying to bring this sort of scientific project into reality and at scale. And so it's a huge vote of confidence, not only from our majority investor alphabet, but also from our co-lead investors, Sequoia and DST and Dragoneer, as well as a host of world clas ...

Fourth Quarter 2025 Business Review FEBRUARY 11, 2026 1 © 2026 | AURORA PROPRIETARY Cautionary statement regarding forward-looking statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws. The words "believe,ˮ "may,ˮ "will,ˮ "estimate,ˮ "continue,ˮ "anticipate,ˮ "intend,ˮ "expect,ˮ "could,ˮ "would,ˮ "project,ˮ "plan,ˮ "potential,ˮ "target,ˮ and similar expressions and variations thereof are intended to identify forward-looking statements, but ...

AEye, Inc. (NASDAQ:LIDR) is among the 12 Best Autonomous Driving Stocks to Buy Right Now. AEye Signs Strategic Partnership with Vueron to Expand its OPTIS™ Perception Ecosystem AEye, Inc. (NASDAQ:LIDR) and Vueron established a strategic agreement on January 14, 2026, to include Vueron’s real-time 3D perception software in the firm’s OPTIS ecosystem. OPTIS is now a full-stack 3D visual awareness system that can provide real-time detection and analysis for applications in the automotive, infrastructure, tr ...

Mobileye Global Inc. (NASDAQ:MBLY) is among the 12 Best Autonomous Driving Stocks to Buy Right Now. Mobileye Global Inc. (MBLY) Anticipates Annual Revenue Below Expectations as Tariffs Weigh on Automakers Mobileye Global Inc. (NASDAQ:MBLY)’s 2026 revenue projection fell short of Wall Street’s expectations, according to a January 22, 2026, Reuters story. The company cited the uncertain demand for its assisted-driving chips as automakers confront a challenging environment characterized by high tariffs. The ...

Core Viewpoint - Tesla's stock has shown signs of fatigue after a three-day winning streak, trading down approximately 0.6% as investors weigh analyst commentary against strategic and competitive pressures [1] Group 1: Analyst Commentary - The recent rally in Tesla's stock was supported by a research note from Morgan Stanley's Andrew Percoco, highlighting potential upside from the company's solar business and plans to add up to 100 gigawatts of solar manufacturing capacity [1] - Benchmark reiterated its Buy rating on Tesla, maintaining a price target of $475, emphasizing the company's focus on reinvestment and platform development over short-term earnings optimization [1] Group 2: Company Strategy and Performance - Tesla's fourth-quarter results showed resilience in margins, growth in its energy business, and strong cash generation, indicating a strategic shift towards long-term projects in 2026 [1] - The company is positioning itself as a technology and energy firm rather than solely an automaker, with increased spending expected in autonomy, artificial intelligence, robotics, and energy infrastructure [1] Group 3: Market Challenges - Despite positive analyst sentiment, Tesla's stock faces challenges due to slowing electric vehicle demand in key markets, intensifying competition, and margin pressure from pricing incentives [1] - Significant resources are being directed towards autonomous driving, humanoid robots, and energy storage, raising concerns about near-term profitability [1] Group 4: Competition in Robotics - Tesla's ambitions in robotics are facing increased competition, exemplified by Apptronik's recent $520 million funding round aimed at commercializing its Apollo humanoid robots [1]

Lithia Motors (NYSE:LAD) Q4 2025 Earnings call February 11, 2026 10:00 AM ET Company ParticipantsBret Jordan - Managing DirectorBryan DeBoer - President and CEOChuck Lietz - SVP of FinanceDaniela Haigian - VP of Equity ResearchJardon Jaramillo - Senior Director of FinanceJeff Lick - Managing DirectorRajat Gupta - VPTina Miller - SVP and CFOConference Call ParticipantsJohn Babcock - AnalystJohn Saager - Senior Equity Research AnalystMark Delaney - Managing Director and Senior Equity AnalystMichael Ward - Fin ...

Lithia Motors (NYSE:LAD) Q4 2025 Earnings call February 11, 2026 10:00 AM ET Company ParticipantsBret Jordan - Managing DirectorBryan DeBoer - President and CEOChuck Lietz - SVP of FinanceDaniela Haigian - VP of Equity ResearchJardon Jaramillo - Senior Director of FinanceJeff Lick - Managing DirectorRajat Gupta - VPTina Miller - SVP and CFOConference Call ParticipantsJohn Babcock - AnalystJohn Saager - Senior Equity Research AnalystMark Delaney - Managing Director and Senior Equity AnalystMichael Ward - Fin ...

Summary of Baidu.com (BIDU.O) Conference Call Company Overview - **Company**: Baidu.com (BIDU.O) - **Industry**: Autonomous Driving and Ride-Hailing Services Key Points Partnership and Expansion - Baidu and Uber, in collaboration with Dubai's Roads and Transport Authority (RTA), are launching the Apollo Go autonomous ride-hailing service on the Uber platform in Dubai, specifically in the Jumeirah area, expected to be available within the coming month [2][3] - The service will allow users to book an Apollo Go vehicle through Uber Comfort or UberX by selecting the "Autonomous" option [2] - This marks the first fully driverless ride-hailing service in Dubai, with plans to expand to more cities based on operational learnings and regulatory approvals [2][3] Global Ecosystem and Collaborations - Apollo Go has partnered with AutoGo to launch a fully driverless commercial ride-hailing service in Abu Dhabi, allowing users to hail rides directly through the AutoGo app [3] - The global ecosystem of Apollo Go has extended to Europe, with plans to initiate autonomous driving tests and ride-hailing services in London, UK, starting in 2026, and testing in Switzerland through a partnership with Swiss PostBus [3] Performance Metrics - Apollo Go has logged over 240 million autonomous kilometers, with more than 140 million kilometers completed in fully driverless mode [4] - The service operates in 22 cities globally, with a weekly ride count surpassing 250,000 and a cumulative total of over 17 million rides completed as of October 31, 2025 [4] Financial Outlook - Baidu's target price is set at US$186, reflecting a potential upside of 26.6% from the current price of US$146.97 [5] - The market capitalization of Baidu is approximately US$50.524 billion [5] Valuation Breakdown - The target price is derived from several components: 1. **Baidu Core (search only)**: P/E of 5x on 2026E non-GAAP estimated core search net profit of US$1.68 billion, assuming 21.0% net margins [8] 2. **Baidu AI Cloud**: P/S of 5x on 2026E AI Cloud revenues of US$2.72 billion, leading to a valuation of US$13.6 billion or US$39.9 per share [8] 3. **Kunlunxin**: Forecasted revenues of US$1.77 billion in 2026, applying a 20x P/S multiple for a valuation of US$35.4 billion [9] 4. **Autonomous Driving**: Valuation based on current market comparisons, estimating US$5.25 billion or US$15.4 per share [10] Risks - Potential risks that could impede Baidu's share price from reaching the target include: 1. Slower recovery of the search business and loss of ad budget share to competitors [12] 2. Increased competition in news feed ads [12] 3. Economic slowdown in China affecting advertising sentiment [12] 4. Regulatory actions leading to adjustments in search results inventory [12] Additional Insights - The Apollo Go service is positioned to demonstrate Baidu's AI capabilities in real-world applications, enhancing its value proposition in the autonomous driving sector [1] - The strategic partnerships with global players like Uber and Lyft are crucial for expanding Baidu's market presence and operational capabilities in the autonomous vehicle space [1][3]

Investment Rating - The report maintains an "Outperform" rating for the semiconductor industry [1] Core Insights - The semiconductor industry is experiencing a comprehensive price increase driven by the accelerated capital expenditures of overseas cloud vendors in 2026, with significant demand from AI servers leading to a shortage in testing capacity and subsequent price hikes across the supply chain [4][8] - The domestic semiconductor industry showed strong performance in January 2026, with a rise of 18.63%, significantly outperforming the Shanghai Composite Index, which increased by 1.65% during the same period [7][13] - Global semiconductor sales continued to grow, with a year-on-year increase of 37.1% in December 2025, marking 26 consecutive months of growth, and a forecasted 8.5% growth for 2026 [7][28] Summary by Sections 1. Semiconductor Market Performance - In January 2026, the semiconductor sector saw a strong performance, with integrated circuits rising by 18.52%, discrete devices by 18.91%, semiconductor materials by 19.04%, and semiconductor equipment by 18.88% [7][13] - The Philadelphia Semiconductor Index rose by 12.92% in January 2026, outperforming the Nasdaq 100, which increased by 1.20% [19][20] 2. Global Semiconductor Sales Growth - December 2025 global semiconductor sales reached approximately $78.9 billion, with a year-on-year growth of 37.1% and a month-on-month increase of 2.7% [28] - The sales of logic products grew by 39.9% year-on-year, reaching $301.9 billion, while memory products saw a 34.8% increase, totaling $223.1 billion [28] 3. Capital Expenditure Trends - The capital expenditures of the four major North American cloud vendors (Google, Microsoft, Meta, Amazon) increased by 67% year-on-year in Q4 2025, with expectations for continued acceleration in 2026 [7][28] - Google is projected to spend between $175 billion and $185 billion in 2026, a year-on-year increase of 91-102% [7] 4. Price Trends in Semiconductor Components - In January 2026, DRAM and NAND Flash spot prices continued to rise, with DRAM prices increasing by approximately 39% and NAND prices by about 35% month-on-month [7][28] - TrendForce has revised its price forecasts for Q1 2026, expecting a 90-95% increase in general DRAM contract prices and a 55-60% increase in NAND Flash contract prices [7][28]

Core Viewpoint - Tesla, Inc. (NASDAQ:TSLA) is considered a "battleground stock" by analysts, with significant value concerns and uncertain near-term fundamentals, yet these factors are becoming less relevant to its stock performance [1]. Group 1: Analyst Ratings and Price Targets - Barclays has reiterated an "Equal Weight" rating on TSLA, indicating mixed sentiments among investors regarding its value and fundamentals [1]. - Wall Street analysts have a consensus "Buy" rating on TSLA, with an average price target of $480, suggesting a 14.26% upside potential. The highest target of $600 indicates a potential upside of 42.82% [3]. Group 2: Future Catalysts - Several potential catalysts for Tesla include the Optimus launch in Q1, the Cybercab in April, new robotaxi markets, updates to Full Self-Driving (FSD), and the launch of a new Megapack facility [2]. - Wolfe Research anticipates that Tesla's robotaxi business could become a major revenue driver over the next decade, despite existing fundamental concerns [1].