BAIDU INC – SPON ADR

15 Aug

Lenovo’s Profit Beats as AI Demand Drives a Gradual PC Recovery

stp2y0 CommentsRAG modelsALPHABET INC-CL A, AMAZON.COM INC, artificial intelligence, BAIDU INC - SPON ADR, DELL TECHNOLOGIES -C, europe, hardware, HP INC, LENOVO GROUP LTD, Technology, Yuanqing Yang

Lenovo Group Ltd. reported better-than-expected quarterly profit, affirming hopes for a gradual computing industry recovery driven by global AI spending.Net income grew 38% to $243 million in the three months ended June, Lenovo said in a filing on Thursday. That compares with an average estimate for $231 million. Revenue rose 20% to $15.4 billion. Source link lol

14 Aug

David Tepper Sticks to China Bet While Trimming Nvidia Holdings

stp2y0 CommentsRAG modelsALIBABA GROUP HOLDING-SP ADR, BAIDU INC - SPON ADR, china, David Alan Tepper, E-commerce, JD.COM INC-ADR, KE HOLDINGS INC-ADR, Michael James Burry, NVIDIA CORP, regulation, Technology

Billionaire investor David Tepper held about steady in the Chinese companies that he scooped up earlier this year, even as he trimmed his stakes in Alibaba Group Holding Ltd. and US tech giants.While Tepper’s Appaloosa Management cut its stakeBloomberg Terminal in Alibaba by about 7% in the second quarter, the Chinese e-commerce giant remains the fund’s biggest position, accounting for 12% of its $6.2 billion equity portfolio, according to a 13F regulatory filing Wednesday. Source link lol