Xpeng's former autonomous driving head joins Nvidia
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/7/2026
- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
- After-Hours Movers: WDAY, ADSK, S, RBRK, MRVL, ULTA, GAP, AFRM
- After-Hours Movers: NVDA, CRM, SNPS, CRWD, OKTA, NTNX
XPeng (XPEV) to acquire smart EV assets from China's Didi for $744M
August 28, 2023 8:17 AM EDTXPeng Inc. (NYSE: XPEV) announced Monday that the Chinese electric vehicle startup will, be acquiring the smart EV assets of ride hailing giant Didi for $744 million. Didi said the duo is forming a strategic partnership to promote the global application of smart electric vehicles and technologies.
According to Xpengs announcement, the company will issue A-class ordinary shares to fund the purchase. XPeng will issue ~3.25% of its outstanding shares upon completion of the issuance if all conditions apply. DiDi will also become a shareholder in XPeng, with a lock-up period of 24... More
NVIDIA (NVDA) PT Raised to $600 at CFRA, 'we see FCF growth at +$23B in FY 24'
August 24, 2023 10:10 AM EDTCFRA analyst Angelo Zino raised the price target on NVIDIA (NASDAQ: NVDA) to $600.00 (from $500.00) while maintaining a Buy rating.
The analyst comments "We increase our 12-month target to $600 from $500, on P/E of 32.6x our CY 25 EPS view, above peers but below... More
Former XPeng (XPEV) autonomous driving head joins Nvidia (NVDA)
August 24, 2023 8:24 AM EDTWu Xinhou, the former vice president of autonomous driving at Xpeng (NYSE: XPEV), announced Thursday that he is joining U.S. artificial intelligence giant Nvidia (NASDAQ: NVDA).
Although Wu didn't provide specific details about his new position at Nvidia,... More
