HORIZONROBOT-W (09660.HK) has high growth potential and a unique positioning, CMBI released a research report saying. Following the launch of the HSD solution, its management raised the guidance for the CAGR of revenue over the next few years from 50% to 60%.

The broker believed that HORIZONROBOT-W, with its increasing market share in the urban NOA solution, upcoming cabin-driving fusion solutions, pilot operation of robotaxis, and collaboration with global tier-1 suppliers to expand overseas markets, possesses unique value and should enjoy a valuation premium.

The Company planned to launch the Agentic CAR cabin-driving fusion system chip this year, with mass production expected by the end of 2026, coinciding with the launch of Qualcomm (QCOM.US)'s SA8797, indicating competitiveness.

HORIZONROBOT-W also planned to start pilot operations of robotaxis with ecosystem partners in 3Q26, showcasing comprehensive autonomous driving capabilities.

Therefore, CMBI dropped its target price from $12.3 to $10, based on a projected 13x PS ratio for 2027, similar to Nvidia (NVDA.US)'s valuation level, with rating kept at Buy.
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Starting from last Saturday (21st), the content of Nanjing's new car purchase subsidy policy has been tweaked according to the policy adjustment at the provincial level.

During the activity period, the subsequent new car purchase subsidy policies introduced by various regions will be implemented with reference to this adjustment. Vehicles purchased on or before last Friday (20th) that meet the application conditions of various regions will follow the original policy content.

Based on the price of each level of cars, the subsidy amount has been adjusted to RMB1,000-6,000 for fuel vehicles and to RMB2,000-7,000 for new energy vehicles.
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HORIZONROBOT-W (09660.HK) is preparing the next-generation intelligent driving chip series, J7, with the highest performance version J7P aiming to notably surpass NVIDIA's (NVDA.US) Thor-X in computing power, with plans for mass production next year, LatePost Auto reported.

Furthermore, the company's new chip product for cockpit-driving integration is named "Starry Sky" (literal translation of "星空"), supporting localization of large cabin models, and is planned to be released in April this year, with mass production within the year.
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Nvidia (NVDA.US) will sell 1 million GPU chips and other series products, including Spectrum network chips and Groq chips, to Amazon (AMZN.US)'s cloud computing division AWS from this year until the end of 2027.

Both companies stated earlier this week that AWS had reached an agreement to purchase 1 million GPUs, but the specific transaction timeline was not disclosed at that time.
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Tesla (TSLA.US) is seeking to purchase equipment worth a total of US$2.9 billion from Chinese suppliers like MAXWELL (300751.SZ) for the production of solar panels and batteries, Reuters quoted sources as saying. This is part of a plan to add 100 gigawatts of solar power capacity in the US.

Previously, Tesla's CEO Elon Musk stated that solar energy could meet all of the US' electricity needs, including the demand from a growing number of data centers.

It is reported that MAXWELL will be one of the main equipment suppliers for this plan, and has applied for an export license from China's Ministry of Commerce (MOC). Other potential suppliers include S.C NEW ENERGY (300724.SZ) and LAPLACE (688726.SH).
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In February 2026, China's auto exports totaled 672,000 units, down 1.4% MoM but up 52.4% YoY, continuing a rapid expansion trend, according to data released by the China Association of Automobile Manufacturers (CAAM).

Among them, a total of 282,000 new energy vehicles (NEVs) were exported, down 6.6% MoM but up 110% YoY, making them stand out among others.

In 2M26, China's cumulative auto exports grew by 48.4% YoY to 1.352 million units, while NEV exports surged 110% YoY to 583,000 units, reflecting a year-on-year increase of 110%.
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When asked about the controversy involving Anthropic and the US Department of Defense contract, NVIDIA (NVDA.US) CEO Jensen Huang stated on Thursday that the tech industry should avoid exaggerating risks when discussing AI to prevent unnecessary panic that could hinder technological development.

Huang believed that the greatest national security risk the US faces in the AI field is the slowdown in adoption due to public anger, fear, or doubt, which could cause the country to fall behind competitors.

Despite the controversy, Huang still painted a bullish picture of Anthropic's prospects, predicting that its revenue could surpass USD1 trillion by 2030, and viewed the company's management forecasts to be conservative.
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The escalation of the Middle East conflict and the market's digestion of the decisions by the US and European central banks to keep interest rates intact weighed down on US bourse Thursday. The DJIA settled down 203 points or 0.4%, at 46,021. The Nasdaq closed down 61 points or 0.3%, at 22,090. The S&P 500 ended down 18 points or 0.3%, at 6,606.

Micron (MU.US) retreated by 3.8% after announcing quarterly results, with 2FQ profits beating. BABA-W (09988.HK) (BABA.US) reported a 67% slump in non-GAAP net profit for 3FQ, way worse than forecast, and its US ADR closed down 7.1%.

Major techs waned broadly, with Tesla (TSLA.US) down 3.2% as its FSD system faced an upgraded investigation in the US. NVIDIA (NVDA.US) and Meta (META.US) fell about 1%, while Amazon (AMZN.US) and Apple (AAPL.US) declined by less than 1%.
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China's Ministry of Industry and Information Technology (MIIT), National Development and Reform Commission, and State Administration for Market Regulation recently held a symposium with enterprises in the new energy vehicle (NEV) industry.

The meeting revolved around further regulation of competition in the NEV industry, innovation capability boosts, automobile consumption expansion, and industry management optimization.

Specific tasks include consolidating and deepening the effectiveness of regulating industry competition, strengthening price monitoring and cost investigation, ramping up efforts in addressing shortcomings in automotive chips and basic software and in expanding application scale, and optimizing pilot entry processes.
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NVIDIA (NVDA.US) disclosed during an analyst meeting that its procurement orders and demand for Blackwell and Vera Rubin until 2027 surpass USD1 trillion, JP Morgan said in its research report.

However, this figure is only a lower bound, as it does not include Groq LPU racks, standalone Vera CPUs, storage systems, and Rubin Ultra, all of which represent additional revenue sources.

NVIDIA is targeting capital returns of about 50% of FCF via share buybacks and dividends, an expansion from about 42% in 2026, implying a combined total of over USD200 billion for 2026 and 2027.

The broker believed that several incremental revenue sources for NVIDIA, which were not considered a year ago, provide substantial upside to current market expectations, and the company's competitiveness is continuously expanding.

JP Morgan reiterated Overweight on NVIDIA, with a target price of USD265.
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