To The Moon

Hey Tigers!

I am Tiger Observer, sharing market information with you! 🔎🔎🔎

I will post the 10 most searched stocks on the Tiger Trade app. Don't miss my updates!!!

Weekly movers:

• Last week, in the days when the social media debate over Robotaxi was at its most heated, Baidu's $Baidu(BIDU)$ stock price soared, up 10 percent in a single day, the biggest single-day gain in the past year or so.Baidu's stock price has risen from HK$83.9 to HK$99 so far in July. First-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen, as well as provinces and cities such as Hunan and Hubei, are also actively conducting road tests and landing Robotaxi. Robotaxi has already landed in 11 major cities in China. Driverless concept stocks in China have also seen a succession of gains, driving up the share prices of new car makers Xiaopeng, LI, and NIO.

  Tiger’s view @orsiri

  $BIDU-SW(09888)$, often referred to as the "Google of China," has also demonstrated impressive performance, contributing to the positive sentiment in Hong Kong's tech sector. The company's stock has seen a significant surge, driven by optimism surrounding its autonomous taxi service, "Apollo Go," and its advancements in artificial intelligence.

  While specific earnings figures are not available, Baidu's progress in AI and autonomous driving technology suggests strong potential for future growth. The company's autonomous taxi service has gained traction in several Chinese cities, showcasing Baidu's leadership in smart mobility technologies. Imagine being driven around by a robot – it's like having your very own Knight Rider!

  Baidu's positive performance, along with other tech giants, has contributed to the overall gains in the Hang Seng Tech index. This underscores the company's importance in the broader Chinese tech ecosystem and its potential impact on the Hong Kong market's resilience. It's like the tech world equivalent of having a reliable friend who always shows up on time.

  Market Implications and Investor Considerations

  The strong performance of these growth stocks amid market uncertainties highlights several key points for investors. The importance of insider ownership in aligning management interests with those of shareholders cannot be overstated. Additionally, the potential for growth stocks to outperform in challenging market conditions is evident, as is the opportunity presented by stocks trading below their estimated fair values.

  PE ratio trends over nine year

  However, investors should also be aware of potential risks. For instance, Meituan has seen significant insider selling recently, which could signal caution. Additionally, all three companies face challenges related to the broader economic slowdown in China and global market uncertainties. It's like navigating a maze blindfolded – tricky, but not impossible.

$GameStop(GME)$ $AMC Entertainment(AMC)$ $Faraday Future Intelligent Electric Inc.(FFIE)$ $Tesla Motors(TSLA)$ $NVIDIA Corp(NVDA)$ $SUPER MICRO COMPUTER INC(SMCI)$ $Apple(AAPL)$ $Alibaba(BABA)$ $Advanced Micro Devices(AMD)$ $Palantir Technologies Inc.(PLTR)$
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