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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Palantir Technologies emerged as the top-performing AI stock in 2024, soaring 350%, but investors are advised to consider the Invesco QQQ Trust for broader exposure to leading tech stocks. With a strong historical performance and a focus on influential AI companies, QQQ is positioned for continued growth in 2025 and beyond.
Chinese stocks listed in the US experienced a significant rally, with the Nasdaq Golden Dragon China Index surging nearly 10%, marking its strongest intraday gain since late September. Major technology firms, including Alibaba Group and PDD Holdings, saw their shares rise over 7% amid Beijing's commitment to monetary easing and boosting domestic consumption.
PDD Holdings Inc. reported a significant 85.7% increase in quarterly revenue, achieving $23.24 EPS, surpassing estimates. Analysts predict an EPS of 10.24 for the current fiscal year, with a "Moderate Buy" rating and an average target price of $173.40. Institutional investors hold 29.07% of the company's stock, reflecting growing interest.
PDD Holdings Inc. reported a significant drop in sales, with revenue of 99.4 billion yuan ($13.7 billion) for the September quarter, falling short of the 102.8 billion yuan estimate. Net income also missed projections at 25 billion yuan, compared to the expected 26.6 billion yuan. Following the announcement, PDD's shares plummeted by as much as 16% in pre-market US trading.
The European Union is set to investigate Temu, operated by Chinese-owned PDD Holdings Inc., over allegations of inadequate measures against the sale of illegal products on its platform. This formal inquiry could result in significant fines if the company is found to be violating regulations concerning illicit online activities.
PDD Holdings Inc.
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