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On May 28th, Aoyi Technology, a domestic non-invasive brain-computer interface (BCI) company, and MicroPort Brain Science (02172.HK), a neurointerventional company, officially signed a strategic cooperation agreement to jointly develop an interventional BCI rehabilitation system. The system reportedly uses a minimally invasive vascular intervention approach, delivering a signal acquisition stent to the target brain region via blood vessels without craniotomy. The decoded EEG signals will be converted into motor control commands, driving a lightweight exoskeleton robot to assist patients with motor dysfunction such as stroke and spinal cord injury in completing movements, thereby achieving closed-loop rehabilitation of neurological function. According to relevant personnel, clinical trials are planned to begin within one year.On May 28th, JD.com (09618.HK) announced plans to train 100,000 engineers over the next five years, covering various services including robot and smart home after-sales repair. JD.com stated that it has already established deep partnerships with most of the leading robot companies in the industry, and recently also reached a strategic cooperation agreement with a leading domestic robot application platform to jointly build a robot after-sales service system.On May 28th, Li Auto (LI.O) released its Q1 2026 financial report, showing revenue of RMB 23 billion and deliveries of 95,142 vehicles, a year-on-year increase of 2.5%. For Li i6 customers whose deliveries stretched into the new year due to orders far exceeding expectations, Li Auto proactively covered over RMB 500 million in purchase tax differences. As of the end of Q1, Li Autos cash reserves reached RMB 94.3 billion, maintaining a cash reserve of around RMB 100 billion for ten consecutive quarters. Furthermore, Li Auto launched a $1 billion share repurchase program in March and quickly implemented it; as of May 26, 2026, $139.7 million had been repurchased, completing approximately 14% of the target amount within two months.Li Auto (LI.O) expects its second-quarter revenue to decline by 16%-20% year-on-year.Li Auto (LI.O) reported a gross margin of 7.9% in the first quarter, compared to 20.5% in the same period last year.

S&P 500 Rebounds From Session Lows As Energy Stocks Rally

Jimmy Khan

Nov 04, 2022 16:57

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As major tech companies hit new lows, the NASDAQ Composite seeks to settle below the 10,700 mark.

Big Tech Stocks Continue to Be Under Stress

As traders responded to the ISM Non-Manufacturing PMI data, which fell short of analyst forecasts, the S&P 500 recovered from session lows.


Energy stocks took the lead in the recovery from session lows today due to robust support. In today's trading session, ConocoPhillips, APA Corporation, and Marathon Oil all saw gains of 6–7%.


ConocoPhillips had significant price appreciation after exceeding analyst expectations, boosting the dividend, and expanding its share repurchase program by $20 billion.


Despite missing analyst profit expectations, Etsy increased by 14%. The firm gave a positive prognosis for the last quarter of this year, which caused the stock to rise.


Booking increased by 5% with the release of the $6.05 billion in sales and the higher-than-expected adjusted profits of $53.03 per share.


Fidelity National Information Services, which was down 25% following the publication of its quarterly report, was under a lot of pressure due to weak guidance.


Leading tech companies including Apple, Alphabet, and Amazon had declines of 2% to 3%. Meta Platforms, meanwhile, tested fresh lows at $88.50.


If the mega cap companies continue to experience pressure, the whole market will not be able to develop a sustained upward trend. Traders are nonetheless concerned that rising interest rates may harm the bottom lines of powerful corporations.


While the IT industry leaders seemed unstoppable during the coronavirus crisis, their stocks were under a lot of pressure from rising interest rates, a stronger currency, and a slowing global economy. Traders should continue to watch the large tech stocks' movements for hints regarding the S&P 500's future course.

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