TMTPOST --  Tesla Inc. shares rose 4.3% to $436.23, shattering their record close set on Wednesday. Shares rallied after the transition team of U.S. president-elect Donald Trump was said to hit a regulatory order that was seemed as a positive for the electric vehicle (EV) heavyweight. Credit：Tesla The Trump transition team has recommended the incoming administration scrap a National Highway Traffic Safety Administration (NHTSA) order requiring automakers to report crashes involving self-driving systems, Reuters cited a document on Friday. In the document, the team, which was assigned a task of producing a 100-day strategy for automotive policy, believed the NHTSA order led to “excessive ” data collection. Neither the Team Trump nor Tesla responded to the report. If the reported r

TMTPOST --  TikTok will continue its efforts in the court to prevent from a complete ban in the United States due to Washington’s fears tha users data could fall into possession of the Chinese government. Credit：Xinhua News Agency A three-judge panel of the U.S. Court of Appeals for the D.C. Circuit on Friday ruled against TikTok’s request last week for pause of the ban that set a deadline of January 19, 2025 for a sale of its Chinese parent ByteDance Ltd. The popular short video platform and application requested an emergency pause to afford the Supreme Court time to determine if it should review the federal law that forces ByteDance to divest it. But the D.C. Circuit judges said that Congress made a "deliberate choice" to set a 270-day time frame for the sale-or-ban, "subject to one

TMTPOST -- Shares of Broadcom Inc. settled 24.4% higher to $224.80 on Friday, hitting the highest close since the U.S. semiconductor developer and manufacturer went public in 2009. Shares skyrocketed and the market capitalization for the first time topped $1 trillion after the company suggested an explosive sales outlook driven by the artificial intelligence (AI) boom. Credit：Broadcom For the fiscal year 2027, Broadcom's total AI revenue will be at least $60 billion to $90 billion, CEO Hock Tan said on an earnings call late Thursday, noting that the range of serviceable addressable market (SAM) is a conservative estimate as it only includes revenue the company foresees from its existing three big hyperscaler customers. The estimated revenue means the next three years will see  Broadco

TMTPOST --  Nvidia Corporation dismissed on Thursday rumors that may resulted in an antitrust probe by the Chinese government. Credit：Nvdiia Recently, rumors that Nvidia has cut off supply in China went viral on social media, but they are false, the leading artificial intelligence (AI) chip maker said in a statement posted at Chinese microblogging platform Weibo on Thursday. “China is an important market for Nvidia,” the U.S. company said in the statement. “ Nvidia adheres to the customer-centric principle and will continue to provide Chinese customers with the highest quality, most efficient products and services.” The rumors Nvidia abovementioned came as the Santa Clara, California-based company became a target of an antitrust investigation earlier this week. The probe was

TMTPOST --  China was said to target drone supplies to the West for Ukraine’s war amid increasing China-U.S. trade risks. Credit：Chinese newspaper Reference News Chinese manufacturers recently began restricting sales to the U.S. and Europe of key components used to build unmanned aerial vehicles, Bloomberg reported ,citing people with knowledge of the matter. It is reported that China will impose broader export restrictions on drone parts in the coming year, and the new rules could take the form of license approvals based on the intended use of the components or softer requirements for Chinese companies to notify the government of their shipment plans. The tighter drone curbs are expected to come as soon as January, the report added. The Chinese authorities didn’t reponde to the repor

TMTPOST -- Chinese shares listed at home and abroad climbed on Thursday as China’s top leadership vowed to introduce more economic stimulus for the next year. Credit：Xinhua News Agency The mainland China's SSE Composite Index closed 0.8% higher and the ChiNext index, which tracks stocks traded on the Nasdaq-style subsidiary of the Shenzhen Stock Exchange, gained nearly 1.4% on Thursday. The blue chip CSI 300 index of onshore stocks finished 1% higher and Hong Kong’s benchmark Hang Seng Index up 1.2%. The Nasdaq Golden Dragon China Index, which tracks 65 China-exposed U.S.-listed companies, rose as much as 1% and erked out a nearly 0.2% gain as of close on Thursday, snapping its two-day losses. The index outperformed the U.S. stock market as the benchmark S&P 500 dropped more than 0.5%.

TMTPOST -- Tesla Inc. shares surge around 6% to $424.77 on Wednesday, refreshing their record set on November 4, 2021. Shares of the U.S. electric vehicle (EV) heavyweight registered gains for sixth straight day, driving the CEO Elon Musk’s personal wealth to  more than $400 billion. Credit：Tesla  Musk become the first billionaire whose net worth topped $400 billion, Bloomberg cited the Bloomberg Billionaires Index ranking the world’s richest people. The milestone mainly results from recent rallies of Tesla stocks. Most of Musk’s fortune is wrapped up in his holdings of Tesla. The entrepreneur owns 411.06 million Tesla shares, as of the latest filings, and about 304 million performance-based options. Tesla stock and options account for about three-quarters of his personal wealth,

TMTPost -- Amercian lawmakers are attempting further curbs on the semiconductor suppliers of Huawei Technologies Co.  Credit：Xinhua News Agency Huawei suppliers are targeted by the bipartisan National Defense Authorization Act unveiled Saturday, since the U.S. defense bill contains language that would effectively prohibit Defense Department contractors from selling semiconductors, chip-making equipment or tools for designing semiconductors to Huawei or its affiliates, Bloomberg reported. If the bill is approved and signed into law, it could squeeze global chip firms with ties to Huawei, and risk companies that maintains business with Huawei losing access to work for the Pentagon. The Government Accountability Office, a congressional watchdog, estimated the department committed almost

TMTPOST -- Tesla Inc. stocks rose as much as 4% at morning trade and eked out a nearly 0.2% gain on Monday. Shares closed at $389.79, hitting their highest close since January 3, 2022, and are now less than 5% off from their record close of $409.97 on November 4, 2021. shares of Tesla extended the rally after Bank of America (BofA) Securities analyst expressed their upbeat on robotics tech adopted by the U.S. electric vehicle (EV) giant. Credit：Tesla BofA analyst John Murphy felt confident on Tesla’s outlook in 2025 and the longer term following a Gigafactory Austin visit. “The trip gave us increased confidence that TSLA is well-positioned to grow in 2025+ with its core EV business and launch of its robotaxi offering, and longer-term from its investments in Optimus,” Murphy said in a note.

TMTPOST --  The U.S.-listed shares of Chinese firms jumped on Monday as China’s policymakers signaled they will double down economic stimulus measures for the next year. Credit：Xinhua News Agency The Nasdaq Golden Dragon China Index, which tracks 65 China-exposed U.S.-listed companies, surged as much as 10.6% before settling 8.5% higher on Monday. The index, registering its best day since September 26, outperformed the U.S. stock market as the benchmark S&P 500 pulled back from its record close set last Friday with a 0.6% decline. The American depositary receipts (ADRs) of Fangdd Network Group Ltd., operator of a leading online real estate marketplace in China, closed 52.1% higher before soaring as much as 165%. Its domestic peer KE Holdings Inc finished 11.7% higher. ADRs of Temu

TMTPOST --  Beijing’s antitrust investigation into Nvidia Corporation dampened the U.S. artificial intelligence (AI) chip behemoth, though it was deemed as a positive for Chinese semiconductor players. Credit：Nvidia Nvidia stocks tumbled as much as more than 3.7% at midday before finishing nearly 2.6% lower on Monday. Share of the company pared almost all their gains this month over a Chinese antitrust probe into its deal with Mellanox Technologies, an Israel-based network hardware maker. The State Administration for Market Regulation of China (SAMR) announced on Monday it has opened an investigation into Nvidia for suspected violation of the country's anti-monopoly law and the terms of a conditional approval that was granted on Nvidia's acquisition of Mellanox. The top market regulat