PDD Holdings Shares Rise in Premarket After Q2 EPS Beat Despite Revenue Miss
PDD Holdings’ Q2 revenue reached $16.6B, missing estimates, while non-GAAP EPS of $2.85 beat consensus. Operating profit rose 8%, with strong cash flow lifting shares.
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XPeng Q2 Results: Soft Numbers Weigh on Shares Despite $6.3B Robotics Boost
XPeng Q2 revenue hit RMB19.74B (+51.5% QoQ) but missed forecasts. Losses narrowed sequentially yet stayed elevated. Robotics unit Dogotix valued at $6.3B after $900M funding.
Alibaba Shares Plunge After $10.2 Billion AI Fundraising at Steep Discount
Michael Burry sold his Alibaba stake for a large JD.com position, saying the stock must fall 50% and rejecting share issuances after the $10.2B AI raise.
AI Neocloud Nscale Targets $3 Billion IPO, Backed by $51 Billion in Contracted Revenue
Nvidia, Dell and Nokia-backed Nscale seeks up to $3B U.S. IPO.
Tesla Shares Surge on Major Robotaxi Approvals and Upcoming Cybercab Launch
Tesla receives approval to deploy up to 5,000 robotaxis in Clark County and prepares to launch its purpose-built Cybercab in Austin, Texas.
Solid Biosciences and Stoke Therapeutics Get Fresh Bullish Analyst Backing with Big Upside Targets
Truist restarts Solid Biosciences at Buy/$20. JPMorgan backs Stoke Therapeutics at Overweight/$40. Cash into 2028.