Chinese Property Shares Surge on Reports of Unverified Meeting
Shares of Logan Group Co. jumped as much as 85% in Hong Kong, while Sino-Ocean Group Holding Ltd. surged by 37%. The stocks were the top gainers in a Bloomberg Intelligence index of real estate stocks, which was up more than 11%.
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Gizmodo
39 minutes ago
- Gizmodo
China's BYD Takes the Lead Over Tesla in the Self-Driving Car Wars
As the auto industry races toward autonomy, most companies are rolling out driver-assist features with one hand while handing out waivers, disclaimers, and legal fine print with the other. Not BYD. The Chinese EV giant just made an unprecedented move: it's offering a public, financial guarantee for its autonomous parking system. If the system malfunctions, even due to an algorithmic failure, BYD will cover all resulting damages, including repair costs, third-party property damage, and compensation for personal injury. 'We are first in the world to propose a guarantee for autonomous parking,' the company said in a statement posted on social media Weibo. 'Our move reflects absolute confidence in God's Eye ADAS.' It's a bold promise that could set a new global benchmark for how automakers take—or avoid—responsibility for their autonomous technology. While Tesla Warns, BYD Backs It Up The announcement draws a sharp contrast with Tesla, whose Full Self-Driving (FSD) system is still marketed as a beta feature. Despite its name, FSD requires full driver supervision, and Tesla repeatedly reminds users that they, not the company, are legally responsible for anything that happens on the road. BYD's stance flips that logic on its head. It's not just promising a smarter system; it's promising corporate accountability, a component that has been largely missing from the discussion around consumer-grade autonomy. This guarantee is being delivered via a simple over-the-air (OTA) software update, not as part of a flashy concept car. With the upcoming God's Eye B update, BYD will enhance scene recognition, active safety, and precision parking in all conditions, including new functions like three-speed parking, U-turn assistance, and bypass maneuvers. The First Real Liability Shift? BYD wants to establish legal and financial trust. For years, regulators and safety advocates have warned that carmakers were deploying autonomous features too quickly without clearly defining who is to blame when something goes wrong. BYD's pledge may be the first real-world test of shifting liability from the user back to the manufacturer. The move could have significant ripple effects. If one company is willing to put its money on the line for Level 4-style autonomous parking, will competitors be pressured to match that promise or risk being seen as reckless? China First, But Not for Long? For now, BYD's guarantee is limited to China. But the company's growing international presence, including its aggressive push into Europe and Latin America, raises a critical question: will BYD bring this liability pledge to Western markets? If it does, it could force U.S. and European regulators to reexamine how they treat self-driving technology. It would also put immense pressure on companies like Tesla, Mercedes-Benz, and GM to offer similar guarantees or risk appearing evasive to consumers. After all, if a Chinese automaker can afford to own the risk of its AI, what's stopping Silicon Valley's richest car company? The Bottom Line BYD is attempting to rewrite the rules of who owns the consequences when AI is driving the car. In a world where most automakers treat autonomy as a 'use at your own risk' feature, BYD's move is both rare and radical. They're not just betting on their technology; they're betting on earning your trust. And unlike Tesla, they aren't asking you to sign a waiver. They're asking you to believe them, with their wallet.
Yahoo
an hour ago
- Yahoo
Needham Sticks With Buy on Nvidia (NVDA), Lifts Target to $200
NVIDIA Corporation (NASDAQ:NVDA) is one of the . On July 16, Needham analyst Rajvindra Gill raised the price target on the stock to $200 from $16. The firm has a 'Buy' rating on the shares. The price target hike follows assurances from the US government that export licenses will be granted for the company to resume sales of its H20 chips. Analysts noted that the H20 chips were previously subject to export controls. Owing to the restrictions, Nvidia was unable to ship $2.5 billion worth of products to China in the first quarter of fiscal 2026. It also had to pause $8B of H20 orders set to ship in the second quarter of fiscal 2026. Currently, the company has not specified how much revenue the H20 chips may capture over the coming quarters. However, analysts noted that they conservatively model $3B of H20 shipments per quarter. This starts in the third quarter of fiscal 2026 (October), over the next several quarters. The analysts also pointed out that Nvidia may be developing Blackwell GPU variants for the China market (B30/B40/RTX 6000D). These are anticipated to begin shipments in the August/September timeframe. NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, providing high-performance GPUs and platforms that power data centers, autonomous vehicles, robotics, and cloud services. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Analyst Says Apple (AAPL) Will Have Problems in Second Half of 2025 – ‘They Still Don't Have AI Strategy'
Apple Inc (NASDAQ:AAPL) is one of the . CNBC's Dan Nathan, who is also the principal of RiskReversal Advisors, talked about a downgrade from Jefferies on Apple Inc (NASDAQ:AAPL) and said the company will face further headwinds in the second half of the year. The analyst appreciated the downgrade: 'I think that there's not a lot of catalyst right here. And I think you could say, well, the sentiment's really bad when you have someone like this guy who's one of like five sells on the street — which is kind of weird for Apple Inc (NASDAQ:AAPL), by the way, that it has five sells. You look at the rest of the Mag 7, I think like 90% of the ratings are buys on all of them. So, you know, kudos to this guy, depending upon where he put it on. Apple Inc (NASDAQ:AAPL) is desperately in need of new catalysts. The company's revenue in China fell 8% in fiscal year 2024, following a 2% decline the previous year. The Chinese market accounts for about 15% of Apple's total revenue, so this downtrend cannot be ignored. Investors had hopes from the Wearables, Home, and Accessories segment, but so far, its performance has been weak. Vision Pro faces tough competition from Meta's $500 Quest and the more affordable Quest 3S, making it hard to justify its $3,500 price tag. The failure of Apple's HomePod, unable to compete with Amazon's and Google's lower-priced offerings, further highlights the challenges in this market. Apple's iPhone 16 has not shown promising growth prospects yet and investors are still in a wait-and-see mode on the AI platform. Columbia Seligman Global Technology Fund stated the following regarding Apple Inc. (NASDAQ:AAPL) in its Q1 2025 investor letter: 'The fund maintained an underweight position in Apple throughout the quarter. Apple Inc.'s (NASDAQ:AAPL) stock pulled back during the first quarter, in line with the performance of many other technology stocks, and the company experienced some challenges of its own during the quarter. Apple delayed the release of an AI-upgraded Siri, claiming that the new Siri was taking longer to complete than the company expected, and it should come out later this year. The U.S. Department of Justice also stood firm — as it did during the prior administration — in asking a federal judge to block Google from paying Apple and other companies to secure its search engine as a default on smartphones and other devices.' While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
