Baidu’s HK shares fall 5% as Q4 earnings underwhelm
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Citi remains 'wildly bullish' on chip stocks
February 29, 2024 11:24 AM ESTCiti is still "wildly bullish" on semiconductor stocks, based on the current demand trends, the firm stated in a note Thursday.
Analysts at the bank noted stable demand in PCs, handsets, servers (which is 53% of the semiconductor total addressable market), and inventory replenishment.
"We look for at... More
Alibaba (BABA) Mentioned Positively at Citi
February 29, 2024 7:35 AM ESTCiti analyst Alicia Yap reiterated a Buy rating and $126.00 price target on Alibaba (NYSE: BABA).
The analyst comments "Today AliCloud announced a new round of price cuts on its core products on average of 20%, with a maximum of 55%. Recall that the... More
