UBS Starts CarTrade Tech With Buy Rating, Sees Strong Earnings Growth and ₹4,000 Target 
OpenAI GPT-5.6 Set for Wider Release After U.S. Commerce Approval, Report Says 
Mastercard Explores Sale of Majority Stake in UK Payments Firm Vocalink: Report 
Muji Owner Ryohin Keikaku Stock Soars After Raising Full-Year Earnings Forecast 
Trump Administration Launches AI Cybersecurity Partnership to Protect Critical Infrastructure 
Richemont Q1 Sales Beat Forecast as Cartier Demand Drives Strong Growth 
Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
Stellantis Q2 Vehicle Shipments Rise 10% as North America Drives Growth 
SK Hynix’s $28B U.S. IPO Draws Strong Demand as AI Chip Boom Fuels Investor Interest 
Arm Stock Falls After HSBC Downgrade, Citing Limited Near-Term AI Upside 
Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
Bain Capital Exits Kioxia After AI-Fueled Valuation Surge 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
Stripe, Advent Offer $53 Billion Deal to Acquire PayPal: Reuters 
BYD shares surged Friday, nearing record highs, after the Chinese EV giant announced plans to unveil its autonomous driving strategy. The company’s Hong Kong-listed stock (HK:1211) jumped 4.8% to HK$332.40, while its Shenzhen shares (SZ:002594) rose nearly 5% to 326.65 yuan. Both have gained over 20% this week.
BYD, a top global EV maker and key Tesla (NASDAQ:TSLA) competitor, confirmed it will disclose its vehicle intelligence strategy on February 10 at 7:30 PM Beijing time (6:30 AM EST). Investors are optimistic that BYD’s self-driving technology, potentially at a mass-market scale, could drive new sales growth.
The company achieved record sales of 4.3 million vehicles in 2024, surpassing Tesla’s 1.8 million. However, Tesla still leads in autonomous driving, having integrated self-driving software since 2015. The U.S. automaker also introduced its Cybercab robotaxi last year, though production timelines remain unclear.
Tesla CEO Elon Musk has repeatedly emphasized that autonomy is key to Tesla’s future growth, especially as the company faces slowing EV sales. BYD’s upcoming announcement could signal its challenge to Tesla in the self-driving race, further fueling its stock rally.
