$NIO Inc.(NIO)$ NIO Inc. today announced its May 2023 delivery results. NIO delivered 6,155 vehicles in May 2023. The deliveries consisted of 2,396 premium smart electric SUVs, and 3,759 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 333,410 as of May 31, 2023. On May 24, 2023, NIO launched the All-New ES6, a smart electric all-round SUV in China and started its deliveries the next day. Derived from NIO Technology 2.0 (NT2.0), the All-New ES6 offers enhanced driving and riding experiences with exquisite design, high performance, superior comfort, and advanced digital systems. The All-New ES6 caters to wide-ranging journeys of users for their family, business and leisure needs. In addit
$Netflix(NFLX)$ Analysts at Jefferies today raised their price target on Netflix (NASDAQ:NFLX) from $405 to $440, implying a potential gain of about 16% from Friday’s closing price. The change follows news last week that Netflix would start its U.S. effort to reshape password sharing. Analysts are positive about these changes and are also less worried about competition. Equity analysts explained the bank's increased confidence, saying, “The new rules and pricing was right in-line with our model ($7.99 for paid sharing plan). We are now more confident in our thesis: the meaningful % of borrowers will shift into new plans following the updated pricing, and we worry less about competition (competitors are in the mid
$NVIDIA Corp(NVDA)$ Its founder and CEO Jensen Huang on Sunday urged graduates of National Taiwan University to run hard to seize the unprecedented opportunities that AI will present, but embrace the inevitable failures along the way. Whatever you pursue, he told the 10,000 graduates of the island’s premier university, do it with passion and conviction — and stay humble enough to learn the hard lessons that await.
$Apple(AAPL)$ Apple (NASDAQ: AAPL) operates over 525 retail stores throughout the world which exclusively sell their own products. The company also sells products online through its online App Store. The company generates 38% of its revenues by selling directly to consumers. Increasingly, Apple's revenues are coming from software and services and less from hardware. Currently, Services generate 20% of total revenues but these revenues are growing at close to 20% per year whilst hardware revenues are growing at about 8% (growth rates are heavily dependent upon the timing of product upgrades). Apple has predominantly grown its revenues organically and has only spent $8,500 M on acquisitions over the last 10 years. Th
$Amazon.com(AMZN)$ Despite Amazon’s moat in e-commerce, the segment has continued to be a drag on the company’s fundamental and valuation performance in recent years following the pandemic-era boom. The unit’s substantial exposure to deteriorating financial conditions and slowing growth have only emphasized multiple compression risks for the stock by highlighting the weight of retail’s low-valuation nature due to the industry’s lack of lucrative profits. Meanwhile, deceleration in Amazon’s profit engine – AWS – has only further dampened sentiment on the stock in recent quarters. Despite being primarily known for its e-commerce and cloud-computing moats, Amazon’s operations span across as many as six key segments, in
$NVIDIA Corp(NVDA)$ Nvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, with the company saying it is boosting supply to meet surging demand for its artificial-intelligence chips, which are used to power ChatGPT and many similar services. Shares of Nvidia, the world's most valuable listed semiconductor company, rocketed 24% after the bell to trade at $378.38, their highest level ever. That increased its stock market value by about $200 billion to over $950 billion, extending the Silicon Valley company's lead as the world's most valuable chipmaker and Wall Street's fifth-most valuable company.
$Netflix(NFLX)$ U.S. users of Netflix are becoming subject to the streaming giant’s efforts to restrict users from widely sharing passwords outside their households. Under the new rules, a Netflix account is meant for only "you and the people you live with," meaning people outside the home will have to get their own account or have the owner of the one they were using pay for them to become an "extra member," according to the press release Netflix put out Tuesday. The streaming giant said U.S. users who engage in password-sharing are beginning to receive notification about the change. The "Sharing your Netflix account" Help Center page for the U.S. stated Tuesday that Netflix subscribers with Standard or Premium
$Alibaba(BABA)$ Alibaba FY4Q23 revenue was in-line with expectations while margins beat as a result of continued narrowing losses and improving operating efficiencies. believe that Alibaba is executing well on its cost reduction initiatives as free cash flow margins expanded to 20% in FY2023 and free cash flow yield is now 11%. Alibaba saw its international commerce segment pivot back to growth while it focuses on user growth and retention in its core China commerce segment. Management shared more on its re-organization plan for Cloud Intelligence Group, Global International Commerce Group, as well as Freshippo and Cainiao.
$Alphabet(GOOG)$ Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) stock, hereafter referred to as “Google,” has been rising lately. Its most recent earnings release was a minor beat, thought it didn't move the stock much initially. What really got things moving was the company’s efforts in artificial intelligence (“AI”). Google recently put off an AI event that was much better-received than its previous one, which showcased the company’s Bard chatbot making an error. Ever since the second, more successful AI presentation, Google stock has been rallying.
$Meta Platforms, Inc.(META)$ Citi said Meta is its new top pick pick based on the strength of its ad platforms. “Key among them include stabilizing trends across online advertising, but those platforms focused on ads innovation should continue to outperform, and we highlight META, our new Top Pick overall.”