Alibaba shares rally on reports of AI partnership with Apple
BuyShares.co.uk
by Mohit Oberoi
4d ago
Alibaba shares (NYSE: BABA) are trading higher in US premarket price action today amid reports that Apple is partnering with Alibaba for artificial intelligence (AI). Apple currently does not offer its AI features in China and the partnership could be win-win for the two companies. Last year, Apple selected Chinese tech giant Baidu for AI... The post Alibaba shares rally on reports of AI partnership with Apple appeared first on BuyShares.co.uk ..read more
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Disney shares trade lower despite earnings beat: Key takeaways
BuyShares.co.uk
by Mohit Oberoi
1w ago
Disney (NYSE: DIS) released its fiscal Q1 2025 earnings today before the markets opened. While the entertainment giant posted better than expected earnings for the quarter, the shares are trading lower in US price action. Here we’ll discuss the key takeaways from the company’s quarterly report. Disney’s fiscal Q1 revenues rose 5% YoY to $24.69... The post Disney shares trade lower despite earnings beat: Key takeaways appeared first on BuyShares.co.uk ..read more
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Chinese EV companies report tepid deliveries in January after a record December
BuyShares.co.uk
by Mohit Oberoi
2w ago
2024 was a good year for China’s NEV (new energy vehicle) industry. In December, China’s NEV sales reached a new record high of almost 1.6 million units. Notably, the country’s NEV deliveries rose to record highs in the previous three months. China provided a trade-in subsidy to spur EV sales last year which helped the... The post Chinese EV companies report tepid deliveries in January after a record December appeared first on BuyShares.co.uk ..read more
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Nvidia shares crash as DeepSeek’s AI model triggers US tech sell-off
BuyShares.co.uk
by Mohit Oberoi
2w ago
Nvidia shares are down sharply in early US price action today amid reports that Chinese artificial intelligence startup DeepSeek’s AI artificial intelligence (AI) model is offering a much better value proposition as compared to those from US giants like OpenAI that happen to be big buyers of Nvidia chips. Nvidia shares have rallied handsomely over... The post Nvidia shares crash as DeepSeek’s AI model triggers US tech sell-off appeared first on BuyShares.co.uk ..read more
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China leaves rates unchanged ahead of Trump’s inauguration
BuyShares.co.uk
by Mohit Oberoi
3w ago
China has kept its benchmark interest rates unchanged before Donald Trump’s inauguration. The country is also battling a weakening currency and while the yuan depreciation is positive for its export sector it also limits the Chinese central bank’s ability to cut rates. The PBOC (People’s Bank of China) kept the 1-year LPR (loan prime rate)... The post China leaves rates unchanged ahead of Trump’s inauguration appeared first on BuyShares.co.uk ..read more
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China’s Q4 GDP beats estimates as the country meets growth forecast
BuyShares.co.uk
by Mohit Oberoi
1M ago
China’s Q4 GDP grew by 5.4% in the final quarter of 2024 which was higher than the 5% growth that economists were expecting. The country’s GDP grew by 5% last year which is in line with the “around 5%” growth that it was targeting. Notably, while China’s GDP grew at an annualized pace of over... The post China’s Q4 GDP beats estimates as the country meets growth forecast appeared first on BuyShares.co.uk ..read more
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Analyst sees downside risks to Apple iPhone sales amid market share loss in China
BuyShares.co.uk
by Mohit Oberoi
1M ago
Ming-Chi Kuo who is among the leading analysts covering Apple is circumspect about iPhone sales this year and sees the consensus estimates as too high. He also warned that Apple is losing market share in China which is its second-biggest market after the US. In his note, Kuo said that in its talks with key... The post Analyst sees downside risks to Apple iPhone sales amid market share loss in China appeared first on BuyShares.co.uk ..read more
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Rivian shares surge after company beats 2024 production guidance
BuyShares.co.uk
by Mohit Oberoi
1M ago
Rivian shares (NYSE: RIVN) shares rose 24.5% on Friday and had their best day since the 2021 IPO after the company released its 2024 production and delivery numbers. The electric vehicle (EV) company produced 49,476 vehicles last year. In October, the company guided for production of between 47,000-49,000 units in 2024 which was below its... The post Rivian shares surge after company beats 2024 production guidance appeared first on BuyShares.co.uk ..read more
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Chinese EV companies report stellar December deliveries in year-end push
BuyShares.co.uk
by Mohit Oberoi
1M ago
Chinese EV (electric vehicle) companies have released their December 2024 and full-year deliveries and many players had a record month which coincided with the expiry of a subsidy that the Chinese government had provided. Here are the key takeaways from Chinese EV companies’ December and 2024 delivery reports. NIO delivered 31,138 vehicles in December which... The post Chinese EV companies report stellar December deliveries in year-end push appeared first on BuyShares.co.uk ..read more
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Nvidia was the most bought stock by retail investors in 2024 amid AI rally
BuyShares.co.uk
by Mohit Oberoi
1M ago
Nvidia (NYSE: NVDA) was the most bought stock by retail investors in 2024, a position that Tesla held for the previous two years. Retail investors spent almost $30 billion on buying the chip designing giant this year amid soaring sales of its artificial intelligence (AI) chips. According to Vanda Research, Tesla was the second most... The post Nvidia was the most bought stock by retail investors in 2024 amid AI rally appeared first on BuyShares.co.uk ..read more
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