BofA Starts Coverage on WeRide With a Buy Rating and $12 Target
Bank of America initiates coverage of WeRide with a Buy rating and $12 price target, expecting strong growth in global Level 4 autonomous driving and profitability by 2029.
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EV Headwinds: Nio and Xpeng Volumes Retreat Sequentially as Li Auto Delivery Crisis Persists
Li Auto reported its sixth consecutive delivery contraction. Nio's deliveries fell 10.20% MoM, and Xpeng's dropped 12.58% MoM.
Coupang Faces Record $770M Fine After Korea's Largest Data Breach
Coupang's (CPNG) massive data breach exposed 33.7 million users' information, potentially triggering a record-breaking 1 trillion won fine under Korea's data protection laws.
GameStop Rallies as Michael Burry Revisits Meme Stock Past
GameStop stock rallies over 4% Friday as hedge fund manager Michael Burry posts nostalgic tweets about his early bullish position and interactions with Roaring Kitty and Ryan Cohen.
Intel Stock Surges 7% on Apple Chip Manufacturing Deal
Intel shares jump over 7% after analyst reports Apple may use Intel's foundries for M-series processors starting 2027, marking major win for chip giant's manufacturing business.
ServiceNow Plans $1B+ Acquisition of Identity Security Startup Veza
ServiceNow is close to acquiring Veza for over $1B, aiming to boost its identity security capabilities across users and machine accounts.