SK Hynix Stock Soars as AI Memory Demand Outlook Fuels Chip Rally 
Apple Intelligence China Approval Lifts Alibaba and Baidu Shares 
Trump Slams New York Data Center Ban, Warns AI Investment Could Shift to Other States 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
EU to Propose New Rules Limiting Children's Access to Social Media 
Bain Capital Exits Kioxia After AI-Fueled Valuation Surge 
xAI Sues Man for Allegedly Using Grok to Generate AI Child Abuse Deepfakes 
Nvidia Partners With Fanuc and Yaskawa to Accelerate AI Robotics in Japan 
Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand 
Samsung Chairman Lee Jae-yong Expected to Meet Nvidia CEO Jensen Huang on AI and Chip Partnership 
Paramount-Warner Bros. Discovery Merger Faces Lawsuit From 12 States 
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 
Hyundai Takes Full Control of Boston Dynamics to Accelerate Humanoid Robot and AI Strategy 
Arm Stock Falls After HSBC Downgrade, Citing Limited Near-Term AI Upside 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan 
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.
