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Toronto Dominion Bank increased its stake in Westlake Corporation, owning 5,190 shares valued at $595,000 after acquiring 335 additional shares. UBS Asset Management raised its holdings by 9% to 346,789 shares worth $39.76 million. Analysts have mixed ratings on Westlake, with a current average rating of "Moderate Buy" and a price target of $138.21, despite recent earnings missing expectations.
Elon Musk announced that xAI has acquired X in an all-stock deal, valuing xAI at $80 billion and X at $33 billion. Meanwhile, Block is laying off 931 employees as part of a restructuring, and 23andMe has filed for bankruptcy, with co-founder Anne Wojcicki planning to bid for the company. Additionally, a leaked database reveals China's advanced AI censorship capabilities, and Rivian's skunkworks project has spun out as a new company called Also, securing $105 million in funding.
Barclays analyst Adrienne Yih has reduced Lululemon's price target from $411 to $309 while maintaining an Equal Weight rating. Despite strong Q4 results driven by performance in China and Men’s, guidance for Q1 2025 and FY25 fell short of consensus due to traffic pressures and macro uncertainty. Barclays will remain cautious until there is clearer visibility on sustainable positive sales in the Americas.
Huawei's smartphone business has achieved remarkable growth, reporting $118 billion in revenue for 2024, the highest since 2020 despite ongoing US sanctions. The company has successfully developed in-house technologies, exemplified by the Mate 60 Pro with Kirin 9000s 5G, and is expanding into AI servers and smart driving solutions. Looking ahead, Huawei plans to innovate in the PC sector with new notebooks featuring HarmonyOS.
UBS has fully acquired UBS Securities in China, becoming the first foreign bank to achieve such a milestone. This strategic move increases its stake from 67% to 100%, enhancing its position in the Chinese financial market and signaling confidence from local authorities in foreign investment. The acquisition opens new growth opportunities, although integration challenges remain due to regulatory and cultural differences.
Southeast Asia's tech scene faces challenges as startup funding declines for the third consecutive year, with only a few deals reported this week. Notable funding includes India's Apna Mart raising $25 million, while M&As feature Dubdub.ai's acquisition by Observe AI. Despite setbacks, there is optimism for continued innovation and problem-solving in the region.
Deutsche Bank has lowered its target price for Tesla (NASDAQ:TSLA) from $420 to $345, maintaining a buy rating. Other firms have also adjusted their targets, with Mizuho setting it at $430 and Cowen upgrading to buy. Currently, Tesla's stock has a consensus hold rating and an average target of $318.34, with significant insider selling reported recently.
China's potential ban on Nvidia's H20 processor could shift the AI chip landscape, providing Huawei an opportunity to enhance its market presence with the Ascend 910C. New energy-efficient regulations may force Nvidia to reduce its chip capabilities, making Huawei's offerings more appealing to Chinese consumers. As the competition intensifies, Huawei's advancements could position it favorably in the ongoing AI chip race.
The UK's directive to remove Huawei 5G equipment due to security concerns has raised alarms about increased reliance on just two vendors, Ericsson and Nokia, potentially jeopardizing network resilience. Despite the removal efforts, many base stations still operate on Huawei technology, and the anticipated benefits of Open RAN have not materialized, leaving telecom operators anxious about future transitions. The limited vendor landscape could hinder the UK's ability to ensure security and innovation in its telecommunications infrastructure.
Chinese automakers' share of the European EV market fell to 6.9% in February 2025, the lowest since February 2023, due to EU tariffs on Chinese-made vehicles. While overall EV sales in Europe grew by 26%, established brands like Volkswagen gained significant market share. BYD saw a rise in registrations, while MG faced a decline, and total Chinese EV registrations dropped by 3.2% to 9,837 units.
CHN
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
westlake corporation sees mixed analyst ratings and institutional investment activity
The Toronto-Dominion Bank
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18:33 29.03.2025
xAI acquires X in all stock deal valued at 80 billion dollars
United States Dollar
23andMe Holding Co.
SpaceXCoin USD
Rivian Automotive, Inc.
Nikola Corp. R
Apple Inc.
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Jack Dorsey
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18:02 29.03.2025
Barclays lowers Lululemon price target amid cautious Q1 guidance
16:40 29.03.2025
Huawei smartphone revenue soars to new heights despite US sanctions
11:58 29.03.2025
UBS fully acquires UBS Securities marking a milestone in China
11:00 29.03.2025
southeast asia startup funding declines as major deals bypass the region
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10:30 29.03.2025
institutional investors increase stakes in tesla amid mixed analyst ratings
Robert W. Baird & Co. Inc.
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Quantbot Technologies LP
The United Bank
Canaccord Genuity Group Inc.
Deutsche Bank Aktiengesellschaft
Fiduciary Trust Company
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08:36 29.03.2025
Huawei poised to gain in AI chip market as China targets Nvidia H20
07:33 29.03.2025
UK faces security risks amid Huawei 5G equipment removal and vendor reliance
06:07 29.03.2025
eu tariffs reduce chinese ev market share to lowest level in europe
04:00 29.03.2025
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