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Chip Stocks Fall as ASML's Weak Outlook Raises Concerns of Non-AI Chip Demand
Semiconductor stocks in the United States and Asia fell after chip equipment maker ASML (ASML) cut its annual sales forecast over weak non-AI chip demand.
UK Economy to Grow Faster than Japan, Italy and Germany This Year, says OECD
The global economy is “turning a corner”, according to the Organisation for Economic Cooperation and Development, which has upgraded the UK’s growth forecast for this year to faster than that of Japan, Italy and Germany.
What Will Happen to Nio over the Next Three Years?
From 2023 to 2026, analysts expect Nio's revenue to grow at a CAGR of 27% to 115 billion yuan ($16.4 billion) as it narrows its annual net loss to 9.38 billion yuan ($1.34 billion).
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