Ashok Leyland (NSE:ASHOKLEY, BOM:500477) has an average rating of overweight and mean price target of 188 Indian rupees, according to analysts polled by FactSet.
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Kuaishou Technology (HKG:1024) has an average rating of buy and mean price target of HK$67.81, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
ByteDance is developing its own proprietary CPUs or central processing units to support internal operations, Reuters reported Thursday, citing insiders.The parent of short video platform TikTok is preparing to launch agent-based products such as its Coze platform. The project is still in early stageS as the company looks for an external partner that would assist in the chip's design work while being able to secure manufacturing capacity at foundries, a source told the media outlet.Other companies such as Google, Microsoft and Amazon are developing their own CPUs to cut costs and tailor performance to their specific workloads. The demand for CPUs grew as tech companies develop artificial intelligence models with agentic tasks that need more of CPUs, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
China's automobile sector may not return to its "golden era" as domestic car sales dropped for the seventh straight month in April, Reuters reported Thursday, citing Nio's (HKG:9866, SGX:NIO) top executive.The country is "no longer a growth market, but rather a saturated market," as automobile ownership reached 370 million vehicles, the report quoted Nio CEO William Li as saying.Li also reportedly said the Chinese auto industry is yet to see a recovery despite continued strong export levels.China remains the pure electric vehicle maker's primary market, the chief executive reportedly said when asked about plans to expand overseas.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)