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X @Bloomberg
Bloomberg· 2025-11-13 22:00
F1 simulators are hyper-realistic, data-powered machines that teams use to develop their cars and help drivers master virtual tracks.In the UK’s Motorsport Valley, @jasonkellynews meets Williams Team Principal James Vowles to explore how cutting-edge simulation technology is transforming F1.Watch Power Players https://t.co/cRFbmtJt7h ...
Luminar Stock Soars After Mixed Q3 Earnings Report: Details
Benzinga· 2025-11-13 21:32
Core Viewpoint - Luminar Technologies, Inc. reported mixed third-quarter earnings, with shares experiencing a notable increase despite a quarterly loss that was less than analysts' expectations [1][2]. Financial Performance - The company reported a quarterly loss of 94 cents per share, which was better than the analyst estimate of a loss of 99 cents [2]. - Quarterly revenue was $18.74 million, falling short of the Street estimate of $22.27 million [2]. Management Changes - Luminar appointed Thomas Beaudoin as CFO, effective November 13, 2025 [2]. Strategic Insights - CEO Paul Ricci highlighted the challenges faced in the automotive LiDAR market and emphasized the need for strengthening the company's capital structure and liquidity [3]. - Ricci also noted growing momentum in commercial and defense applications, reinforcing the strategic direction outlined in the previous quarter [4]. Outlook - The company has suspended its guidance for the fiscal year ending December 31, 2025, as previously disclosed [4]. Stock Performance - Following the earnings report, Luminar Technologies' stock rose by 24.52%, reaching $1.32 in extended trading [4].
Apple's CarPlay Could Soon Become Part of Tesla Vehicles
PYMNTS.com· 2025-11-13 21:14
Core Insights - Tesla is reportedly developing support for Apple CarPlay, a feature highly requested by its customers [2][5] - The move is seen as a significant change for Tesla and CEO Elon Musk, who has previously criticized Apple and resisted adding CarPlay [3][4] - Tesla's sales have been declining, with some potential buyers citing the lack of CarPlay as a reason for not purchasing [5] Company Developments - Tesla has begun in-house testing of CarPlay and is discussing a rollout in the coming months, although there is a history of postponing features [4] - The addition of CarPlay is considered essential by many drivers, with a study indicating that one-third of buyers view the absence of such features as a deal-breaker [5] Industry Context - The automotive industry is increasingly focusing on connected vehicles, which can enhance the driving experience and provide personalized recommendations [6][7] - Connected cars are expected to play a central role in the automotive eCommerce ecosystem, bridging the gap between online and physical commerce [8]
Xos Extends Profitability Streak with Strong Q3 2025 Performance and Positive Operating Cash Flow
Globenewswire· 2025-11-13 21:05
Delivered 130 units and generated $16.5 million in revenue Achieved 15.3% Gross Margin and a second consecutive quarter of positive free cash flow Continued cost discipline with 24% year-over-year reduction in third quarter operating expenses LOS ANGELES, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS) (“Xos” or the “Company”), a leader in electric commercial vehicles and mobile charging solutions, today reported financial results for the third quarter ended September 30, 2025. Building on its mo ...
Dow Drops 800 Points, Nasdaq Falls 2.3%. AI Worries and More Reasons the Stock Market Got Rocked Today.
Barrons· 2025-11-13 21:02
Core Insights - The stock market experienced its worst day in a month, with significant declines across major indexes due to a wave of technology stock selling [1][2]. Group 1: Market Performance - The Dow Jones Industrial Average fell by 816 points, or 1.7% [2]. - The S&P 500 also decreased by 1.7% [2]. - The Nasdaq Composite saw a decline of 2.3%, marking the largest daily drop for all three indexes since October 10 [2]. Group 2: Sector Performance - Technology stocks, particularly those in the "Magnificent Seven" such as Tesla and Nvidia, continued to struggle [2]. - Aside from AI-related stocks, momentum and riskier stocks were significantly impacted [2].
Chijet Motor Company Inc. Announces Official Name Change to “Digital Currency X Technology Inc.” and New Ticker Symbol “DCX” Effective November 14, 2025
Globenewswire· 2025-11-13 19:32
Company Overview - CHIJET MOTOR COMPANY, INC. will change its name to "Digital Currency X Technology Inc." and its ticker symbol to "DCX" effective November 14, 2025 [1] - The company specializes in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles, with a focus on high performance at reasonable prices [3] - The company operates a large modern vehicle production base in Jilin, China, and is constructing a factory in Yantai, China dedicated to new energy vehicle production [3] Corporate Actions - The name change and ticker symbol change were approved by shareholders on September 24, 2025, and are subject to the approval of the Cayman Registrar [1] - A one hundred (100)-for-one (1) share consolidation of the company's issued and unissued ordinary shares will also take place [1] - Current securityholders do not need to take any action regarding the name and ticker symbol change, and the CUSIP number will remain unchanged [2]
Can Gentex Stock Jump 50%?
Forbes· 2025-11-13 19:30
(Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesGentex (GNTX) has long been known for its automotive mirrors and smart glass technologies. But the company is becoming much more than that. It’s quietly expanding into advanced safety and connected vehicle systems, widening its footprint in the auto tech space. Profitability has remained steady, backed by a strong balance sheet and disciplined management. Innovation is at the center of its stra ...
X @Phantom
Phantom· 2025-11-13 19:16
View TSLA-USD on mobile:https://t.co/gzDU5HVVh7 ...
The Dow Hit 48000. Here's Why the Index Has Been Leading the Indexes Lately
Investopedia· 2025-11-13 19:05
Core Insights - The Dow Jones Industrial Average has reached a significant milestone, closing above 48,000 for the first time, marking its 17th record close of the year [2][7] - The Dow has recently outperformed the S&P 500 and Nasdaq Composite, particularly in the last two trading sessions and over the past month, despite lagging behind year-to-date [2][3][7] - Investors are shifting focus from tech stocks to other sectors, indicating a potential rotation towards value and high-quality stocks [4][6] Performance Analysis - The Dow's recent performance is attributed to a broader market interest beyond technology, as investors reassess their portfolios [3][5] - Notable performers in the Dow include Caterpillar, which has risen 53% due to its data-center positioning, and Goldman Sachs, up 44% [5] - The Dow's less tech-centric composition may contribute to its continued outperformance compared to the S&P 500, given the valuation disparities [5][6] Market Sentiment - The psychological significance of the Dow reaching 48,000 suggests a broadening market, moving away from a tech-dominated landscape [8] - Investment professionals indicate that the current market environment may favor sectors such as industrials, financials, energy, and healthcare as investors take profits from mega-cap tech stocks [6]
How to invest in AI with 3 top Wall Street insiders
Youtube· 2025-11-13 18:15
Core Insights - The AI trade has significantly influenced market valuations and transformed various sectors, including semiconductors and cloud infrastructure, over the past two years [1][2] - There is a growing concern among the public regarding AI's impact on jobs, contrasting with the enthusiasm seen in market investments [4][22] - Investment sentiment in AI is strong, with a survey indicating that 19 million Americans are considering investing in equity markets, driven by AI's influence on earnings growth [6][7] Industry Trends - The macroeconomic impact of AI is notable, contributing approximately 1.1% to real GDP growth in the first half of the year [7] - The current focus of the AI revolution is primarily on enterprise applications, with consumer applications expected to gain traction around 2026-2027 [8][9] - Nvidia is highlighted as a dominant player in the AI buildout phase, with a significant competitive advantage over rivals [11][12] Investment Strategies - Experts suggest a targeted investment approach, focusing on leading companies within the AI sector rather than a broad basket of AI-related stocks [13][14] - Tesla is identified as a key investment opportunity, with expectations of substantial growth driven by advancements in AI and robotics [15][16] - The importance of using AI to augment skills is emphasized, suggesting that individuals should engage with AI technologies to enhance their career prospects [25][26] Market Sentiment - A poll indicated that 66% of investors remain bullish on AI, although concerns about potential valuation bubbles and circular financing are emerging [38][39] - The majority of capital expenditures in the hyperscale sector are funded by cash flow rather than leverage, which may mitigate some risks associated with circular financing [39][40] - The ongoing evolution of AI technologies is expected to disrupt various industries, including real estate, where companies are exploring AI-driven models to replace traditional practices [17][18]