TechWire

U.S. cuts off some semiconductor technology exports to China

Jensen Huang expects TSMC's U.S. plant to mass-produce Nvidia chips within year

Li Auto falls more than 5% after releasing Q1 earnings results

2025.05.29

13:35

                            Nvidia (NVDA.O) led chip stocks to strengthen, with Micron Technology (MU.O) up 3.2%, AMD (AMD.O) up 2%, and Qualcomm (QCOM.O) up more than 1.3%.
                        
13:34

                            Tangyuan Electric: Zhigu Yunxing plans to invest 3 million yuan to establish a joint venture
                        
                            Tangyuan Electric announced that its wholly-owned subsidiary Zhigu Yunxing plans to invest 5 million yuan with Professor Liu Xiaobo and Dr. Qu Hezhou of Southwest Jiaotong University to establish a joint venture company, Chengdu Xijiao Zhixing Technology Co., Ltd. Among them, Zhigu Yunxing plans to invest 3 million yuan and hold 60% of the equity of the joint venture; Professor Liu Xiaobo plans to invest 1 million yuan and hold 20% of the equity of the joint venture; Dr. Qu Hezhou plans to invest 1 million yuan and hold 20% of the equity of the joint venture. The joint venture will be committed to building a leading AI edge computing all-in-one machine and AI algorithm services in the field of smart highways, and provide efficient, safe and green new generation smart transportation solutions for urban traffic congestion management, traffic accident prevention, traffic flow optimization, smart road maintenance, intelligent driving and unmanned driving.
                        
13:33

                            HP shares fell 13% in early trading
                        
                            HP shares fell 13% in early trading as the company cut its annual profit forecast.
                        
13:32

                            HP Inc (HPQ.N) fell 13 percent after the company cut its annual profit forecast.
                        
13:32

                            Nasdaq China Golden Dragon Index rose more than 1% in early trading
                        
                            The Nasdaq China Golden Dragon Index rose more than 1% in early trading, Xpeng Motors rose more than 5%, JD.com rose more than 4%, Niu EV, Zai Lab and Li Auto rose more than 2%.
                        
13:31

                            At the opening of the US stock market, the Dow Jones Industrial Average rose 0.22%, the S&P 500 rose 0.91%, and the Nasdaq rose 1.49%. Nvidia (NVDA.O) rose 5.3%, with outstanding performance in Q1. Tesla (TSLA.O) rose 2.2%, and Musk officially announced that he would leave the Trump administration. Li Auto (LI.O) rose 1.7%.
                        
13:07

                            The New York Times' shares rose 1.9% in premarket trading after it reached an AI content partnership agreement with Amazon.
                        
13:00

                            The New York Times content will be used to train Amazon's (AMZN.O) artificial intelligence models and may be expanded to Alexa in the future.
                        
13:00

                            The New York Times and Amazon (AMZN.O) announced a licensing agreement in which the New York Times agreed to license its content to Amazon's artificial intelligence platform.
                        
12:59

                            Supports the release of major domestic operating systems from Huawei, Loongson, NVIDIA, and Intel
                        
                            On May 29, the national new industrial operating system, Hongdao operating system, was officially released. The release of this system marks a major progress in the field of basic software for embodied intelligent robots in my country, and provides key support for the autonomous control of domestic robot operating systems. Reporters learned that Hongdao operating system has achieved vertical integration of chips, systems, and applications, and supports a number of GPU\NPU architectures including Loongson, Huawei, Hygon, NVIDIA, Intel, Qualcomm, etc.
                        
12:53

                            Ideal Auto: The new version of the car will return to the monthly sales level of 50,000 units and will launch sedan products according to market demand
                        
                            The management of Ideal Auto stated in the first quarter earnings call that after the launch of the new Ideal model, the weekly sales have exceeded 10,000 units. As of May, the market share of the market above 200,000 yuan is 14.7%. Ideal is confident that the new model will soon return to the monthly sales level of 50,000 units. After supporting annual revenue of 300 billion yuan, Ideal's extended-range and pure electric SUVs and Ideal MEGA will launch MPV and sedan products according to market demand to meet domestic and important overseas market needs.
                        
12:37

                            UMC: The 12nm process developed in cooperation with Intel is expected to be mass-produced in 2027
                        
                            On May 28, wafer foundry UMC held its annual shareholders' meeting. UMC's Chief Financial Officer Liu Qidong said that the 12nm process developed by the company in cooperation with Intel is one of UMC's most important development plans at present, and the project is expected to achieve mass production in 2027.
                        
11:58

                            United Airlines CEO: Boeing (BA.N) has turned things around and is moving in the right direction.
                        
11:44

                            Raymond James Financial: Raised Nvidia (NVDA.O) target price from $150 to $165.
                        
11:43

                            Raymond James raises Nvidia's price target from $150 to $165
                        
                            Raymond James raised its price target for Nvidia from $150 to $165.
                        
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