Wedbush Morning Call - Jun 30 2025 7:05AM

Autonomous Transportation: Fasten In; Disruption Ahead

Xiaomi Corp (1810 HK): Takeaways from Xiaomi YU7 and AI Glasses launch...

Xiaomi officially launched the YU7 SUV model, along with the AI Glasses and a range of other smartphones and IoT products. Specifications and pricing for YU7 are in line, but its initial orders in the first hour has surpassed 289,000 units which is well above our/market expectations, and this is usually a solid indicator of positive share price performance in the coming days. Maintain BUY and keep target price at HK$69.90.

Regional Morning Meeting Notes: Friday, June 27, 2025

GREATER CHINA Sector Automobile: Weekly: PV sales up 26% yoy on last-minute buying before promotions end. Maintain MARKET WEIGHT on the sector. Top BUYs: CATL, Desay SV and Tuopu. Education: Ramping up AI+ initiative; focusing on profitability with solid growth pillars. Update Xiaomi Corp (1810 HK/BUY/HK$56.90/Target: HK$69.90): Takeaways from Xiaomi YU7 and AI Glasses launch event. Strong initial demand with YU7 orders surpassing 289,000 within the first hour. Maintain BUY. SINGAPORE Sector RE...

Greater China Daily: Friday, June 27, 2025

KEY HIGHLIGHTS Sector Automobile China’s PV insurance registrations grew 26% yoy, 40% mom and 22% wow in the 25th week of 2025, with a PEV market share of 51.6%. BYD’s sales surge on discounts is unsustainable, and long-term growth will rely on product innovations and overseas expansion. China’s vehicle exports jumped 21% yoy in May, with EVs up 43% and PHEVs soaring 134%. Maintain MARKET WEIGHT. Top BUYs: CATL, Desay SV and Tuopu. Education We have an optimistic outlook on the education se...

Greater China 2H25 Market Strategy: A Big Beautiful Deal?

 Trade deal in focus. Notwithstanding the 90-day truce on tariff escalation, it is still a 50/50 if there will be a “Big Beautiful Deal” between the US and China. The US is steadfast in wanting to cap China’s growth and restricting her access to the latest technology, while China is making a firm stand on its economic rights. We expect that higher US tariffs on Chinese goods are unavoidable, likely closer to the 60% mark, if Trump were to be seen making a credible move to onshore production in ...

Director's Cut: More Sanguine on Near-Term Market Outlook

Tesla pre-2Q25 deliveries model update

Palo Alto Networks Inc: 1 director

A director at Palo Alto Networks Inc sold 5,000 shares at 201.849USD and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years ...

"Risk-On Moment" As Israel/Iran Ceasefire Begins...Tech Stocks Front a...

Tesla Cybercab Launch: Our initial take

Tesla 2Q25 preview: another miss on units and weak margins, while robo...

Tesla will report 2Q25 deliveries next week. Please see the link below for our expectations.

Tech Stocks Set to Shake Off Iran Jitters; Cyber Security Names Should...

Wedbush Morning Call - Jun 23 2025 6:46AM

Robotaxi Launch; Very Impressive Ride Experience in Austin; Golden Age...

Wedbush Morning Call - Jun 20 2025 6:56AM

The $1 Trillion Autonomous Era Begins At Tesla With Austin Launch on S...

The Tech Infrastructure Quarterly Bible 1Q25

We publish today our comprehensive quarterly bible: 237 pages of detailed analyses on what happened in the last 3 months, and how we interpret it, in light of our current convictions. The first section acts as a PM summary, outlining our key findings, and latest thoughts on the semi cycle, in 6 slides.

Introducing "Director's Cut" -- Full Report Included

Bible 1Q25 – Enterprise IT: AI drives Cloud growth, SaaS not reacceler...

Today, we are publishing the Enterprise IT section of our 27th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. Legacy IT spending is moderating after a strong 2H24, but public-cloud growth remains steady as AI demand offsets a slowdown in traditional workloads. SaaS revenue growth remains in the low-teens with...