Chinese Concept Stocks | NIO Leads Gains Amidst Organizational Restructuring in Smart Driving Division
2min read On December 24th (Tuesday), Eastern Standard Time, the three major indices of the US stock market collectively closed higher. The S&P 500 index rose by 1.10% to close at 6040.04 points; the Dow Jones index rose by 0.91% to 43297.03 points; and the Nasdaq index rose by 1.35% to 20031.13 points.
On December 24th, the Nasdaq Golden Dragon China Index increased by 0.79%.
Among popular Chinese concept stocks, NIO rose by 2.90%, XPeng Motors increased by 1.33%, Alibaba went up by 0.52%, JD.com increased by 0.47%, Pinduoduo decreased by 0.86%, Bilibili fell by 0.57%, TSMC dropped by 0.48%, Baidu decreased by 0.46%, and NetEase fell by 0.16%.
In terms of Chinese concept stocks with consecutive gains, Lixiang Education rose by 2.53% over 8 consecutive days with a cumulative gain of 136.67%. Qi Ji Automotive rose by 1.83% over 7 consecutive days with a cumulative gain of 16.84%. Hai Wei Metal Processing increased by 1.57% over 7 consecutive days with a cumulative gain of 2.37%. Li Auto rose by 1.37% over 6 consecutive days with a cumulative gain of 12.11%. Interstellar Fashion increased by 4.38% over 6 consecutive days with a cumulative gain of 28.97%.
In terms of Chinese concept stocks with consecutive declines, Yunji fell by 2.58% over 5 consecutive days with a cumulative loss of 19.25%. Metalpha Technology decreased by 0.60% over 4 consecutive days with a cumulative loss of 3.88%. Paiming Chip City fell by 2.97% over 4 consecutive days with a cumulative loss of 7.55%. Bilibili decreased by 0.57% over 3 consecutive days with a cumulative loss of 2.74%. Youxin Technology fell by 2.90% over 3 consecutive days with a cumulative loss of 25.56%. 51talk decreased by 2.58% over 3 consecutive days with a cumulative loss of 5.56%. Yi Long Energy fell by 1.87% over 3 consecutive days with a cumulative loss of 23.36%. Ruitu Ecology decreased by 1.67% over 3 consecutive days with a cumulative loss of 6.78%. MicroAlgo fell by 2.78% over 3 consecutive days with a cumulative loss of 11.17%. MKDWELL Tech decreased by 3.61% over 3 consecutive days with a cumulative loss of 13.16%.
NIO Smart Driving Adjustment: Ren Shaoqing to Lead the Big Model Team, Aiming for End-to-End Delivery
Today, NIO's intelligent driving R&D department announced a series of organizational structure adjustments. A new technical committee will be established within the smart driving department, responsible for comprehensive capability building. The adjustment aims to strengthen NIO's smart driving delivery team capabilities to ensure solution delivery. NIO's smart driving head, Ren Shaoqing, will directly manage the team and personally lead the big model department. Previously, this department was led by perception algorithm head Peng Chao, who reported to Ren Shaoqing. In this adjustment, key area leaders such as the driving and parking solution and data closed-loop solution will report directly to Ren Shaoqing.
TSMC Stock Price Once Reached a Historical High of 1095 TWD
TSMC's stock price once reached a historical high of 1095 TWD, recently up by 0.9% to 1090 TWD.
Ming-Chi Kuo: Apple's M5 Series Chips to Use TSMC's N3P Process, Entered Prototype Stage Months Ago
TF International Securities analyst Ming-Chi Kuo disclosed some progress on Apple's M5 series chips on the X platform. The M5 series chips will use TSMC's N3P process and entered the prototype stage months ago. It is expected that M5, M5 Pro/Max, and M5 Ultra will start mass production in the first half of 2025, the second half of 2025, and 2026, respectively. The M5 Pro, Max, and Ultra will use server-grade chip SoIC packaging. To improve production yield and thermal performance, Apple has adopted a 2.5D packaging called SoIC-mH (molding horizontal) along with a design separating CPU and GPU. Apple's PCC infrastructure construction will accelerate after the mass production of advanced M5 chips, as it is more suitable for AI inference.
