最新ニュース Hesai Gr (NASDAQ:HSAI) 株価情報

Hesai Gr

Hesai Group is engaged in the development, manufacture, and sales of three-dimensional light detection and ranging solutions, or LiDAR. Its LiDAR products enable a broad spectrum of applications across passenger or commercial vehicles with advanced driver assistance systems, or ADAS, autonomous vehicle fleets providing passenger and freight mobility services, or Autonomous Mobility, and other applications such as last-mile delivery robots, street sweeping robots, and logistics robots in restricted areas, or Robotics. Geographically, the company operates in North America, Mainland China, Europe, and Other regions.

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ブルー・オルカ・キャピタルの報告書の発表後、ホーサイ（NASDAQ:HSAI）の株式が下落した。

火曜日、ホーサイの株価がほぼ8%下落した理由

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BIDU

要点WeRideが、売上高の減少と損失の拡大を報告しつつ、100億ドル以上の時価総額を誇るという自己紹介のもと、米国に上場を申請した同社のR&amp;D（研究開発）費用は、今年上半期において売上高の3倍以上となる規模だったエディス・テリー氏の執筆

WeRide社がナスダック上昇申請　Didiに続く規模

Hesai Group - American Depositary Share, each ADS represents one Class B ordinary share

Hesai Group

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HOOD

HOOD stock has given up its prior gain. Robinhood Markets shares were trading higher after Keybanc raised its price target on the stock from $60 to $110.

Goldman Sachs analysts are cautiously optimistic about the prospect of major U.S. banks returning more capital to shareholders <a href="https://www.benzinga.com/topic/dividend-stocks">through buybacks and dividends</a>. 
Thanks to regulatory changes and strong results in the Federal Reserve's latest stress tests (CCAR), the top five banks are sitting on an estimated $90 billion in excess capital.
The firm believes banks will gradually raise dividends and continue buybacks, especially as new Fed rules free up an estimated $5.5 trillion in balance sheet capacity. This gives banks more flexibility, especially in stressful times.
Among individual banks, Goldman Sachs names Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) and Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) as the "best-positioned stocks."  
<ul class="wp-block-list">
<li>Bank of America stands out for its strong interest income growth (projected 7% annually through 2026), cost discipline, and potential benefit from regulatory reform. Goldman sees upside to both earnings and capital returns, making the stock attractive at current valuations. The analyst rated the stock as Buy, with the price target lifted from $52 to $56.</li>
<li>Wells Fargo, with its regulatory asset cap lifted, is expected to boost growth in core banking and trading businesses. Cost-cutting efforts and efficiency improvements could lift profits significantly, with up to 19% earnings upside forecast. The stock is also rated Buy, with the price target raised from $86 to $92.</li>
</ul>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/595e3a7c988ca80001dc7d9c/richard-ramsden">Analyst Richard Ramsden</a> also revised estimates ahead of the second-quarter results of five other U.S. banks:
<ul class="wp-block-list">
<li>Citigroup Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) &#8211; rated Buy, with price target raised from $85 to $96.</li>
<li>JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) &#8211; rated Buy, with price target raised from $305 to $323.</li>
<li>US Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) &#8211; rated Neutral, with price target raised from $46 to $49.</li>
<li>PNC Financial Services Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) &#8211; rated Neutral, with price target raised from $178 to $196.</li>
<li>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) &#8211; rated Neutral, with price target raised from $136 to $147.</li>
</ul>
Ramsden expects banks to report sequential NII (net interest income) growth in the second quarter, due to an uptick in loan growth. The trading revenue environment "remains healthy" in the near term, he added.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/46158087/big-banks-pass-feds-2025-stress-test-with-ease-but-some-say-it-was-too-easy">Big Banks Pass Fed&#8217;s 2025 Stress Test With Ease—But Some Say It Was Too Easy</a></li>
</ul>
Image: Shutterstock

Analyst Color

Federal Reserve

$90 Billion Capital Cushion Points To Serious Bank Shareholder Payday: Goldman Sachs

When Grant from Houston called into "<a href="https://www.youtube.com/watch?v=jrjjwWIHIHk">The Ramsey Show</a>," he wasn't looking to stir up family drama. But the story he shared had all the makings of a long-brewing family crisis — one that financial expert Dave Ramsey and John Delony weren't about to sugarcoat.
For decades, Grant's older brother — now 59 — has leaned on their parents for financial support. Loans, bailouts, bad decisions. And now, with their parents in their 80s, things have escalated again.
"They have just recently made me and my brother power of attorney," Grant said.
Ramsey didn't hesitate: "Well, that's useless."
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<li>Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a></li>
</ul>
<h2 class="wp-block-heading">Twenty Years of Enabling</h2>
It wasn't just a one-time loan or an occasional favor. As Grant explained, his brother has a long track record of asking for help — and getting it. Two loans on his own house. And now, he&#8217;s persuaded their elderly father to take out a home equity loan on their house.
<a href="https://www.benzinga.com/personal-finance/financial-advisors/25/06/46157845/dave-ramsey-caller-is-trying-to-beat-1-8-million-in-debt-with-no-chips-or-haircuts-my-doctor-says-i-need-a-healthy-work-life-balance">Ramsey</a> told Grant his parents didn't have the money to do this if they were taking out loans. "They do," Grant said, "But my dad did not want to sell appreciated stocks in an investment account. So he thought it was easier to take out some equity as opposed to realize a capital gain."
That didn't sit right with Ramsey and Delony.
"Any guy that asks his 80-year-old father to put his house on the block because he's two HELOCs under his own house is just a person who's a mooch," Delony said. He recommended Grant have a serious conversation with his parents about the situation to let them know how he's feeling about all this, even if the conversation doesn't go how Grant would like.
Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — <a href="https://www.benzinga.com/money/meet-the-company-seeking-to-give-americans-energy-independence-and-learn-how-you-can-become-an-early-investor">Now Raising at $3/Share</a>
<h2 class="wp-block-heading">A Role With No Power</h2>
When Grant mentioned the <a href="https://www.benzinga.com/personal-finance/25/05/45458742/who-can-be-my-financial-power-of-attorney-if-i-dont-have-anyone-suze-orman-advises-listener-who-doesnt-have-family-or-children">power of attorney</a> arrangement, Ramsey was blunt. "I probably tell him, ‘If he&#8217;s on it. I&#8217;m not,'" he said. "This is setting up World War III."
The problem, according to both hosts, is that the parents are trying to avoid conflict by treating both sons equally on paper — even when one clearly has a history of <a href="https://www.benzinga.com/personal-finance/25/03/44389026/youre-scared-and-you-should-be-dave-ramsey-tells-29-year-old-with-nearly-1-million-of-debt-hes-going-to-destroy-her-life-as-she-knows-it">poor financial choices</a>. And while that might seem fair, it's actually a recipe for long-term chaos, especially after the parents pass away.
"They&#8217;re wanting you to tell him no because they&#8217;ve never had the backbone to," Ramsey said. "Your dad's a wimp."
<h2 class="wp-block-heading">What Grant Should Do Next</h2>
Rather than confronting his brother, Ramsey urged Grant to take a different path.
"Go talk to your dad," he said. "Say, ‘Listen, I'm not okay with this guy mooching off y'all…And I don't want to be power of attorney with him.'"
See Also: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — <a href="https://www.benzinga.com/money/americans-spend-1000-per-year-on-plastic-water-bottles-kara-pod-gives-you-clean-drinking-water-by-pulling-moisture-from-the-air">And You Can Invest At Just $6.37/Share</a>
Delony added that Grant doesn't have to be part of the dysfunction to be helpful. He said to tell them, "‘I want to take care of you in your old age. But I can't manage you…and my older brother, who still can&#8217;t be on his own two feet."
<h2 class="wp-block-heading">The Bigger Picture</h2>
Grant's call resonated because it touched on something so many people face: <a href="https://www.benzinga.com/personal-finance/25/01/43217370/i-dont-think-im-ever-going-to-retire-how-gen-x-is-getting-squeezed-between-kids-aging-parents-and-600-billion-in-unpaid-care">aging parents</a>, unequal siblings, and the fallout when tough conversations are postponed for too long.
The message from Ramsey and Delony was clear — clarity now can prevent crisis later. And in families, silence can be far more expensive than speaking up.
Read Next: <a href="https://www.benzinga.com/money/mark-cubans-advice-for-lotto-winners">Many are surprised by Mark Cuban's advice for lotto winners: Cash or annuity?</a>
Image: Shutterstock

Personal Finance

59-Year-Old Brother 'Mooches' Off Parents For Years And They Just Made Him Power Of Attorney — Dave Ramsey Says 'Your Dad's A Wimp'

Thermo Fisher Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) has outperformed the market over the past 15 years by 2.97% on an annualized basis producing an average annual return of 15.42%. Currently, Thermo Fisher Scientific has a market capitalization of $157.61 billion. 
Buying $1000 In TMO: If an investor had bought $1000 of TMO stock 15 years ago, it would be worth $8,531.04 today based on a price of $417.76 for TMO at the time of writing.
<h3>Thermo Fisher Scientific's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751382922_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

If You Invested $1000 In This Stock 15 Years Ago, You Would Have This Much Today

Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) has outperformed the market over the past 5 years by 4.19% on an annualized basis producing an average annual return of 18.42%. Currently, Alphabet has a market capitalization of $2.12 trillion. 
Buying $100 In GOOGL: If an investor had bought $100 of GOOGL stock 5 years ago, it would be worth $232.84 today based on a price of $174.58 for GOOGL at the time of writing.
<h3>Alphabet's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751382796_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

GOOGL

$100 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

Morgan Stanley analyst Craig Hettenbach initiates coverage on Omada Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMDA#NASDAQ">OMDA</a>) with a Overweight rating and announces Price Target of $25.

Price Target

Initiation

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OMDA

Morgan Stanley Initiates Coverage On Omada Health with Overweight Rating, Announces Price Target of $25

Morgan Stanley analyst Daniela Haigian assumes CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) with a Overweight rating and announces Price Target of $80.

Morgan Stanley Assumes CarMax at Overweight, Announces Price Target of $80

In January 2025, the U.S. dollar was charging toward its 2022 highs, riding a wave of investor optimism as Donald Trump returned to the White House. Wall Street was betting on tariffs and domestic tax cuts to<a href="https://www.benzinga.com/markets/economic-data/25/06/46146713/trump-dollar-outlook-tariffs-debt"> strengthen the greenback.</a>
However, just six months later, the narrative turned on its head.
The dollar has posted its worst first-half performance since 1991, with the U.S. Dollar Index—a widely followed gauge of dollar strength on Wall Street—down more than 10% year-to-date, hitting levels not seen since September 2021.
Now, the dollar's sharp decline is no longer just a trader's concern. 
It's starting to bite American tourists, who are discovering that their dream vacations abroad—from croissants in Paris to cocktails in Cancun—come with a noticeably higher price tag.
Here are five favorite destinations where U.S. travelers are feeling the squeeze this summer.
<h2 class="wp-block-heading">Paris: That Croissant Just Got A Lot Fancier</h2>
The euro – as tracked by the Invesco CurrencyShares Euro Currency Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXE#NYSE">FXE</a>) – has gained 14% against the dollar this year, sending the exchange rate above 1.18 euros per dollar. 
That means American travelers are now getting less than 0.83 euros per dollar at current exchange rates, as the dollar extended its losing streak to 10 consecutive sessions on July 1—a run not seen since 2003.
Whether it&#8217;s a rooftop view of the Eiffel Tower or a walk along the Seine, your dreamy Parisian holiday is now pricier. 
In May 2024, the average daily rate (ADR) in Paris was $193 when converted into dollars, according to ArRoi, a platform that tracks Airbnb Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) prices.
By May 2025, that figure climbed to $207. If July follows last year's seasonal spike when ADR hit a peak of $220, prices this month could push above $235, assuming similar trends.
<h2 class="wp-block-heading">London: More Pounds, Fewer Dollars</h2>
The British pound – as tracked by the Invesco CurrencyShares British Pound Sterling Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXB#NYSE">FXB</a>) – has gained 9% against the dollar in 2025, with one dollar now buying just 0.72 pounds.
London's ADRs on Airbnb jumped from $154 in May 2024 to $216 this year—a staggering 40% increase. 
With July 2024's ADR at $176, this summer could see London rentals reach $245, based on similar growth.
So if you're eyeing fish and chips by the Thames or a Harry Potter studio tour, prepare to pay London prices in full.
Read also: <a href="https://www.benzinga.com/news/25/06/46171994/emerging-markets-stocks-dollar-outlook">A Weaker Dollar Just Unlocked A Surprise 2025 Winner — And Smart Money Is Moving In</a>
<h2 class="wp-block-heading">Rio de Janeiro: Samba With A Stronger Real</h2>
The Brazilian real has appreciated by 13% against the dollar so far in 2025, making travel to Rio de Janeiro more expensive, even during the off-season.
Rio's average nightly Airbnb cost climbed to $75 in May 2025, up from $64 a year earlier. Food, transportation and tourist attractions are also eating into budgets as the dollar's value shrinks.
Brazil's natural beauty remains breathtaking, but your beachside caipirinha is now served with a stronger exchange rate.
<h2 class="wp-block-heading">Cancun: Peso Packs A Punch</h2>
Even neighboring Mexico is less of a budget-friendly haven this year. While Cancun's cost per night has held steady at around $72, the Mexican peso's gains are making everything else—from margaritas to excursions—more expensive.
You're now getting just 18.70 pesos per dollar, a sharp 9% drop from the 20.70 pesos you would've received at the start of the year.
According to Numbeo, a typical restaurant dinner for two in Cancun now costs 1,000 pesos, or more than $50—and that's before you even order the margaritas.
Toss in tips, taxis and tourist excursions, and your wallet starts feeling the peso's punch.
<h2 class="wp-block-heading">Bangkok: Still Budget—But No Longer A Steal</h2>
If Bangkok is on your list for a bachelor party or epic friends' getaway, get ready to spend a bit more this year.
Thailand remains a budget destination, but inflation and currency changes are closing that gap. 
The Thai baht has strengthened 7% in 2025, while Bangkok's average nightly Airbnb rate has surged from $39 in May 2024 to $51 this year.
If July follows last year's trend—when ADR hit $42—travelers could now be facing nightly rates near $60, a price they didn't even see during peak season in January.
Still cheaper than Western Europe, but not the bargain it once was.
<h2 class="wp-block-heading">The Bottom Line</h2>
What started as a dollar resurgence in early 2025 has turned into a historic slump, leaving U.S. tourists footing higher bills across nearly every major destination abroad. 
With the U.S. Dollar Index down over 10%—its worst start to a year since 1991—the greenback's weakness is hitting travelers where it hurts: their vacation budgets.
That dream summer trip abroad now comes with a steeper price tag, and the dollar simply doesn't go as far as it did just a year ago. 
Read now: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/forex/25/06/46175116/weaker-dollar-stocks-beneficiaries-foreign-revenue">Dollar&#8217;s Biggest Crash In Decades: These 7 Stocks Could Win Big</a></li>
</ul>
Photo: Shutterstock

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ABNB

CurrencyShares British Pound Sterling Trust

A Sinking Dollar Is Making Your Dream Vacation Way More Pricey This Year

<a href="https://about.fb.com/news/2025/07/centralized-campaigns-ai-support-businesses-whatsapp/" title="https://about.fb.com/news/2025/07/centralized-campaigns-ai-support-businesses-whatsapp/">https://about.fb.com/news/2025/07/centralized-campaigns-ai-support-businesses-whatsapp/</a>

'Meta Introduces Centralized Marketing Campaigns, Expanded AI Support And Calling Options For Businesses Using WhatsApp' - Meta Newsroom

Maxim Group analyst Thomas Forte initiates coverage on Fossil Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOSL#NASDAQ">FOSL</a>) with a Buy rating and announces Price Target of $5.

FOSL

Maxim Group Initiates Coverage On Fossil Group with Buy Rating, Announces Price Target of $5

BMNR

BitMine Immersion Technologies Shares Resume Trade

International Game Technology Shares Resume Trade

Maxim Group analyst Thomas Forte initiates coverage on Alliance Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AENT#NASDAQ">AENT</a>) with a Buy rating and announces Price Target of $10.

AENT

Maxim Group Initiates Coverage On Alliance Entertainment with Buy Rating, Announces Price Target of $10

Novo Nordisk A/S&#8217; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) executives allegedly ignored internal warnings that the company was unprepared to launch its <a target="_blank" href="https://www.benzinga.com/topic/weight-loss" rel="noreferrer noopener">obesity drug Wegovy</a>.
As rival Eli Lilly and Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) Zepbound gains momentum, the Danish pharmaceutical giant is grappling with the fallout of those early decisions.
Wegovy, approved in the U.S. in mid-2021, marked a major advancement in obesity treatment and helped Novo generate $46 billion in net profit since then.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/health-care/25/06/46139132/spain-accuses-novo-nordisk-of-covert-advertising-for-prescription-weight-loss-drugs" rel="noreferrer noopener">Spain Accuses Novo Nordisk Of Covert Advertising For Prescription Weight-Loss Drugs</a>
But the company has struggled to keep pace with Lilly&#8217;s Zepbound, which has surpassed Wegovy in weekly new prescriptions this year.
Amid concerns over its competitiveness in the weight-loss market, Novo is undergoing a leadership shake-up, including <a target="_blank" href="https://www.benzinga.com/news/management/25/05/45466201/ozempic-maker-novo-nordisk-looks-for-new-chief-jorgensen-steps-down" rel="noreferrer noopener">the recent dismissal</a> of CEO Lars Fruergaard Jorgensen and earlier departures like U.S. chief Doug Langa.
Sources told Reuters that during tense internal meetings, sales and marketing staff warned Langa about launching Wegovy too quickly after FDA approval.
They urged a delay until supply and insurance coverage were more secure. With a <a target="_blank" href="https://www.benzinga.com/25/05/45252150/novo-nordisk-expects-fda-decision-for-oral-wegovy-by-end-of-2025-reports-mixed-q1-earnings" rel="noreferrer noopener">list price of up to $1,300 per month</a>, many patients found the drug unaffordable without insurance, and Novo missed an opportunity to build a more stable launch pad while Lilly&#8217;s market entry was still years away.
However, company leadership in Copenhagen held to conservative sales expectations through 2025, Reuters report highlighted, underestimating the scale of demand driven by the global obesity epidemic. Former employees said Novo had internal indicators pointing to stronger uptake but failed to adjust its strategy accordingly.
The consequences were swift. Wegovy&#8217;s launch was plagued by supply shortages, leaving patients without doses and discouraging new users. The high cost also pushed some patients toward the gray market of compounded drugs.
Novo further faced criticism for pricing Wegovy significantly higher than its diabetes drug Ozempic, while Lilly entered the market with Zepbound at $1,080 and provided steep discounts through its LillyDirect pharmacy.
One former insider claimed that Novo hesitated to offer competitive rebates to pharmacy benefit managers (PBMs), limiting the drug&#8217;s accessibility.
This reluctance hurt relationships with insurers and failed to secure broader coverage, placing Novo at a disadvantage compared to Lilly&#8217;s aggressive pricing and reimbursement strategies.
Recently, Novo Nordisk launched its weight-loss drug Wegovy (semaglutide) in India to <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/06/46076029/novos-india-move-could-reshape-the-weight-loss-drug-war-with-eli-lilly" rel="noreferrer noopener">compete with Eli Lilly</a>.
Price Action: NVO stock is trading higher by 0.13% to 69.11 at last check Tuesday.
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</ul>
Photo by Tobias Arhelger via Shutterstock

Biotech

Large Cap

Health Care

Media

Novo Nordisk Ignored Internal Warnings On Wegovy Launch Preparedness: Report

BitMine Immersion Technologies Shares Halted On Circuit Breaker To The Upside, Stock Now Up 74.2%

Financial giants have made a conspicuous bearish move on Constellation Energy. Our analysis of options history for Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) revealed 17 unusual trades.
Delving into the details, we found 17% of traders were bullish, while 76% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $1,504,487, and 10 were calls, valued at $1,069,836.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $250.0 to $380.0 for Constellation Energy over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Constellation Energy's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Constellation Energy's whale trades within a strike price range from $250.0 to $380.0 in the last 30 days. 
<h3>Constellation Energy 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751382203_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$8.0</td>
<td>$7.7</td>
<td>$7.95</td>
<td>$270.00</td>
<td>$405.0K</td>
<td align="right">954</td>
<td>1.2K</td>
</tr>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/15/25</td>
<td>$8.0</td>
<td>$7.7</td>
<td>$7.77</td>
<td>$270.00</td>
<td>$321.9K</td>
<td align="right">954</td>
<td>449</td>
</tr>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$8.3</td>
<td>$8.0</td>
<td>$8.34</td>
<td>$270.00</td>
<td>$309.4K</td>
<td align="right">954</td>
<td>1.9K</td>
</tr>
<tr>
<td>CEG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$61.4</td>
<td>$60.3</td>
<td>$60.3</td>
<td>$250.00</td>
<td>$301.5K</td>
<td align="right">85</td>
<td>53</td>
</tr>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$8.4</td>
<td>$7.9</td>
<td>$8.23</td>
<td>$270.00</td>
<td>$257.0K</td>
<td align="right">954</td>
<td>1.5K</td>
</tr>
</tbody>
</table>

<h3>About Constellation Energy</h3>
Constellation Energy Corp producer of carbon-free energy and a supplier of energy products and services. The company offers generating capacity that includes nuclear, wind, solar, natural gas, and hydroelectric assets. It sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. Its operating segments and reporting units are Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions.
Having examined the options trading patterns of Constellation Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Constellation Energy</h3>
<ul>
<li>With a volume of 876,259, the price of CEG is down -4.9% at $306.93. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 35 days.</li>
</ul>
<h3>What Analysts Are Saying About Constellation Energy</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $343.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from BMO Capital has decided to maintain their Outperform rating on Constellation Energy, which currently sits at a price target of $350. 
&#x2A; In a cautious move, an analyst from Raymond James downgraded its rating to Outperform, setting a price target of $326. 
&#x2A; An analyst from JP Morgan has decided to maintain their Overweight rating on Constellation Energy, which currently sits at a price target of $380. 
&#x2A; An analyst from Citigroup downgraded its action to Neutral with a price target of $318. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Constellation Energy options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

This Is What Whales Are Betting On Constellation Energy

Deep-pocketed investors have adopted a bullish approach towards Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in INTU usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 39 extraordinary options activities for Intuit. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 38% leaning bullish and 35% bearish. Among these notable options, 18 are puts, totaling $871,455, and 21 are calls, amounting to $1,347,324.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $670.0 to $900.0 for Intuit during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Intuit options trades today is 86.47 with a total volume of 1,024.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Intuit's big money trades within a strike price range of $670.0 to $900.0 over the last 30 days.
<h3>Intuit Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751382198_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>INTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$75.1</td>
<td>$71.1</td>
<td>$75.0</td>
<td>$740.00</td>
<td>$375.0K</td>
<td align="right">733</td>
<td align="right">50</td>
</tr>
<tr>
<td>INTU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$164.2</td>
<td>$161.8</td>
<td>$161.8</td>
<td>$900.00</td>
<td>$97.0K</td>
<td align="right">0</td>
<td align="right">6</td>
</tr>
<tr>
<td>INTU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$108.0</td>
<td>$105.3</td>
<td>$108.0</td>
<td>$800.00</td>
<td>$86.4K</td>
<td align="right">23</td>
<td align="right">10</td>
</tr>
<tr>
<td>INTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$115.3</td>
<td>$111.9</td>
<td>$115.3</td>
<td>$820.00</td>
<td>$80.7K</td>
<td align="right">15</td>
<td align="right">31</td>
</tr>
<tr>
<td>INTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$124.4</td>
<td>$121.3</td>
<td>$124.4</td>
<td>$800.00</td>
<td>$74.6K</td>
<td align="right">18</td>
<td align="right">35</td>
</tr>
</tbody>
</table>

<h3>About Intuit</h3>
Intuit serves small and midsize businesses with accounting software QuickBooks and online marketing platform Mailchimp. The company also operates retail tax filing tool TurboTax, personal finance platform Credit Karma, and a suite of professional tax offerings for accountants. Founded in the mid-1980s, Intuit enjoys a dominant market share for small business accounting and do-it-yourself tax filing in the US.
<h3>Intuit's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 300,971, the INTU's price is down by -0.81%, now at $781.23. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 51 days.</li>
</ul>
<h3>Professional Analyst Ratings for Intuit</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $880.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Intuit, targeting a price of $880. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Intuit, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

INTU

Spotlight on Intuit: Analyzing the Surge in Options Activity

Deep-pocketed investors have adopted a bullish approach towards Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in XOM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Exxon Mobil. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 37% bearish. Among these notable options, 3 are puts, totaling $88,226, and 5 are calls, amounting to $641,400.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $105.0 to $120.0 for Exxon Mobil over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Exxon Mobil's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Exxon Mobil's substantial trades, within a strike price spectrum from $105.0 to $120.0 over the preceding 30 days.
<h3>Exxon Mobil Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751382193_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>XOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$1.44</td>
<td>$1.34</td>
<td>$1.37</td>
<td>$120.00</td>
<td>$411.0K</td>
<td>3.5K</td>
<td>3.0K</td>
</tr>
<tr>
<td>XOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$1.83</td>
<td>$1.68</td>
<td>$1.83</td>
<td>$115.00</td>
<td>$91.1K</td>
<td>10.6K</td>
<td>506</td>
</tr>
<tr>
<td>XOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/18/26</td>
<td>$10.45</td>
<td>$10.3</td>
<td>$10.3</td>
<td>$110.00</td>
<td>$85.4K</td>
<td>37</td>
<td>84</td>
</tr>
<tr>
<td>XOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$7.85</td>
<td>$7.5</td>
<td>$7.63</td>
<td>$115.00</td>
<td>$32.0K</td>
<td>2.2K</td>
<td>42</td>
</tr>
<tr>
<td>XOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$5.75</td>
<td>$5.65</td>
<td>$5.65</td>
<td>$105.00</td>
<td>$28.8K</td>
<td>4.1K</td>
<td>65</td>
</tr>
</tbody>
</table>

<h3>About Exxon Mobil</h3>
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2023, it produced 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas per day. At the end of 2023, reserves were 16.9 billion barrels of oil equivalent, 66% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.5 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.
<h3>Where Is Exxon Mobil Standing Right Now?</h3>
<ul>
<li>With a volume of 3,297,159, the price of XOM is up 0.42% at $108.25. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 31 days.</li>
</ul>
<h3>What The Experts Say On Exxon Mobil</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $127.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on Exxon Mobil, which currently sits at a price target of $127. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Exxon Mobil options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

This Is What Whales Are Betting On Exxon Mobil

Stablecoins were designed to bridge the gap between crypto and fiat, offering price stability in an otherwise volatile market. Over the past decade, they've become essential tools for traders, remittance users, and crypto-native communities. But the next chapter of their evolution isn't about us. It's about machines.
As autonomous agents and AI systems begin transacting on-chain, performing tasks, settling bills, and managing smart contracts, the limitations of today's stablecoins are becoming more apparent. If we continue designing stablecoins exclusively for human use, we risk locking the future of programmable finance into outdated constraints.
<h3 class="wp-block-heading">Today's stablecoins weren't built for autonomy</h3>
Most stablecoins in circulation today, such as USDC and USDT, are fiat-backed and centrally issued. While this has helped with mainstream adoption, it also anchors them to legacy systems—custodial reserves, regulatory chokepoints, and centralized freeze controls.
These constraints may suit traditional finance, but they're misaligned with the emerging reality of machine-to-machine (M2M) commerce. AI agents don't have bank accounts. They don't sleep. They operate in global, decentralized environments that require 24/7 access to liquid, programmable money. And they need it without relying on any human in the loop.
Even some of the newer algorithmic stablecoins have stumbled. When stability mechanisms are too complex or poorly collateralized, as seen in Terra's UST collapse, it can trigger cascading failures across ecosystems. That kind of fragility is unacceptable in autonomous systems where reliability must be engineered from the start.
<h3 class="wp-block-heading">Why machines need their own kind of money</h3>
Machine agents, whether in compute marketplaces, decentralized finance systems, or AI networks, demand a different class of stable assets. These assets must be censorship-resistant, so transactions aren't frozen unexpectedly; fully on-chain, so no off-chain issuer can break the logic, so they can interact directly with smart contracts. 
In short, the ideal currency for machines should function like an operating system primitive, trustless, programmable, and always available.
Decentralized AI marketplaces, such as those for compute and data sharing, are already operational. Autonomous agents are being trained to perform increasingly complex economic functions on-chain. And as the AI economy is estimated to surpass&nbsp; $236 billion by 2034, the need for machine-native financial rails will only grow.
The U.S. is right to pursue clarity with new bills like the GENIUS Act, but it's also playing it safe. It's creating the regulatory equivalent of a global banking app: simple, slow, and risk-averse. There's little room in that system for experimenting with programmable money or issuing decentralized, project-backed stable assets.
That's a missed opportunity. AI ecosystems are economic engines. When a decentralized project mints its own stablecoin, backed by its native token, it creates a flywheel. Users get a stable medium of exchange. The project avoids selling its token to pay expenses. The value stays in the system.&nbsp;
<h3 class="wp-block-heading">A new era of ecosystem-aligned stablecoins</h3>
There's growing interest in what could be called AI-native stablecoins, tokens designed from the ground up to support the workflows of autonomous systems. These assets are often backed by decentralized collateral, issued via smart contracts, and integrated directly into protocol-level operations.
This model transforms M2M payments into economic feedback loops. For instance, when a decentralized network issues its own stablecoin backed by its native token, it keeps value circulating internally. Contributors can be paid in stable assets. Token sell pressure decreases. The system becomes more sustainable.
It's not about replacing fiat entirely, but about unlocking a new category of programmable money that can power next-gen use cases: autonomous service provisioning, distributed compute markets, agent-to-agent data licensing, and beyond.
<h3 class="wp-block-heading">Let machines have their money</h3>
The stablecoin space has matured rapidly. But its design assumptions still orbit around human behavior, human oversight, and human needs. As we transition into a world where agents act independently—on our behalf or their own—we need to rethink those assumptions.
The future of finance isn't just peer-to-peer. It's also machine-to-machine. And if we want to keep up, we'll need stablecoins that machines can trust, use, and scale with.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

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Fintech

Opinion

Why The Future Of Stablecoins Isn't Just For Humans

Chardan Capital analyst Keay Nakae maintains Coya Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COYA#NASDAQ">COYA</a>) with a Buy and maintains $14 price target.

COYA

Chardan Capital Maintains Buy on Coya Therapeutics, Maintains $14 Price Target

Press Releases

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Screenshot 2024-11-26 at 9.11.30 PM

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Tech

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ブルー・オルカ・キャピタルの報告書の発表後、ホーサイ（NASDAQ:<a href="https://www.benzinga.com/report/HSAI">HSAI</a>）の株式が下落した。
知っておくべきこと：ブルー・オルカ・キャピタルは、新しいショート・リポートでホーサイ(Hesai)を「中国の詐欺企業」と呼び、その理由として、同社のライダー技術が中国軍の車両に導入されている証拠がありながら、ホーサイは「中国軍企業」には関与していないと虚偽の主張をしているからだ。空売り側は中国国営メディアの中国中央テレビ（CCTV）が公開した画像を指摘、また昨年、米国国防総省はホーサイを「中国軍企業」と呼んだ。
ホーサイは、米国国防総省を名誉毀損で訴え、リストから削除するよう求めているが、ブルー・オルカ・キャピタルは、同社がこの訴訟に敗訴すると確信しており、ホーサイが米国自動車メーカーとの重要な契約から切り離されるだろうと予想している。報告書では、ホーサイが40％の売上と57％の粗利を失うと見込んでいる。
また、ブルー・オルカ・キャピタルはホーサイの利益率にも疑念を抱いており、最大の顧客からの非公開の2000万ドルの解約金による利益の水増しがあったと指摘している。ほかにも、最大30%の従業員解雇の懸念、説明のつかない利益率の拡大、購入量の相違など、一貫性のない財務報告も指摘している。
先週、メルセデス・ベンツとのリーダー技術供給に関する複数年にわたる契約を発表した後、ホーサイの株価は50％以上急騰した。 しかし、ブルー・オルカ・キャピタルは、メルセデス側が公式発表していないことから、この「独占」契約の正当性に懐疑的である。報告書には、株価の上昇に伴い、ホーサイの役員が6,860万ドルの株を売却したという事実も記載されている。
ブルー・オルカ・キャピタルは、米国の規制当局が中国軍と関係があるとされる企業を米国資本市場で受け入れ続けることはないと予想しており、ホーサイの先行きは不透明である。
HSAIの株価動向: <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga Proのデータ</a>によると、火曜日のホーサイの株価終値は20.56ドルの7.8％下落。
続きを読む：
<ul>
<li><a href="https://www.benzinga.com/tech/25/03/44383445/nvidia-ceo-jensen-huang-announces-gm-partnership-the-time-for-autonomous-vehicles-has-arrived">エヌビディアのCEOジェンセン・フアンCEO、GMとの提携を発表：「自律走行車の時代が到来した」</a></li>
</ul>

<h4>要点</h4>
<ul>
<li>WeRideが、売上高の減少と損失の拡大を報告しつつ、100億ドル以上の時価総額を誇るという自己紹介のもと、米国に上場を申請した</li>
<li>同社のR&amp;D（研究開発）費用は、今年上半期において売上高の3倍以上となる規模だった</li>
</ul>
エディス・テリー氏の執筆
先週、自動運転車メーカーであるWeRide社がナスダック上場を申請した際、それは大きなアナウンスとなるはずだった。昨年3月、ブルームバーグはこのような上場が事実上5億ドルにも上るほどの資金を調達すると予想し、中国企業がニューヨークで行った中では、2021年のライドシェア大手DiDi Globalの44億ドルIPO（新規株式公開）に次ぐ規模となると報じた。
しかし、その間に同じような中国自動運転のIPOが次々と市場に出て、状況は一変した。それが上場を果たした企業のうちわずかなものにとってのパフォーマンスも印象的ではなかったとはいえ、WeRide社のIPOの興味深い点がある。
WeRide社の会長兼CEOであるハン・シュウ氏は、中国の自動運転部門の首脳として名高い百度（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a> ）の元首席科学者だった。それ以前は、イリノイ大学で博士号を取得した後、ミズーリ大学の電気・コンピューター工学の教授を務めていた。
CTO（最高技術責任者）のリ・ヤン氏は、WeRide社を2017年にハン氏と共に創業する前に、マイクロソフト、Meta、そしてNEV企業であるU Power Ltd.で働いていた。同社の取締役会には、Mubadala Disruptive Investments北京事務所長のモハメド・アルバドル氏や、Qiming Investment Partnersの創業者であるクアン・ジーシン氏が名を連ねている。
ルノー・日産・三菱自動車連合の派生企業であり、WeRide社のクライアントであるAlliance Venturesは、主要な投資家としてIPO株式を9700万ドルで購入することを約束した。同社はこれまで11回の出資ラウンドで10億ドル以上を調達しており、今年6月にも出資ラウンドを実施している。このラウンドにはAlliance Ventures、Mubudala Investment Authority、カーライル、Qiming、ボッシュ、チップのスーパースターであるNvidiaらが参加した。
2022年の出資により、WeRide社の評価額は51億ドルとなり、今回の6月の出資によりその評価が倍以上の121億ドルにまで膨れ上がっている。WeRide社のIPOは、モルガン・スタンレー、JPモルガン、及び中国を代表する投資銀行である中国国際金融股份有限公司（CICC）からなる豪華な一群のアンダーライタたちを誇っている。
もう１つのセールスポイントは、WeRide社の国際的な影響力である。同社は、中国、シンガポール、アラブ首長国連邦、そしてアジア、中東、ヨーロッパの合計7ヶ国30都市でサービスを展開しており、自動運転タクシーのフリート検証を行なっている。WeRide社の見解によると、同社は2019年以降の中国と中東での商業運用において、1700日間に渡って事故を起こしていないとのこと。
ただ、この上場が資金調達の規模という意味で新たなフィールドを切り開くとは確信できる人物は皆無だ。中国ルネサンスは、このIPOがたった1億ドルしか調達しないかもしれないと予想しているが、同社の数千億ドル規模の時価総額とルノー・日産・三菱自動車の約9700万ドルもの出資が既に確定していることを考えると、この数値は低すぎるように思える。
自動運転技術の中で、WeRide社は「世界で最初のもの」と主張する部分がいくつかある。しかしながら、同社の財務状況は、自動運転車輌エコシステムの中でトップクラスの企業とは言い難い。この業界では皆が大きな資金をR&amp;Dに投じているが、それにより利益が出ていない。WeRide社は自社を「アセットライト」企業と位置づけており、その結果として収益は極めて低い状況にある。また、この会社は昨年、売上の55%を占める最大の顧客に非常に依存している。
<h3>売上の減少</h3>
同社は6月末時点で18億人民元の現金を持っていたが、今年上半期の売上高は1億5000万元にとどまり、昨年同期の1億8300万元からほぼ20%も減少している。2023年の売上は40億2000万元で、2022年の5億2800万元からも20%以上減少した。売上規模はまだまだ小さいが、成長力を投資家に売り込む上では楽観的な結果とは言えない。
2023年に売上が減少した背景には、WeRide社の主要顧客である中国国際バス（Yutong Bus Co.）が過剰生産のために2023年にはロボバスを購入しなくなったことがある。その結果、WeRide社のロボバスの売上は、2022年の90台から、昨年はわずか19台にまで落ち込んだ。2019年から2023年までの4年間で、WeRide社は合計147台のロボバスと19台の自動運転タクシーを販売した。また、同社はロボバンとロボ掃除機も製造している。
一方で、WeRide社のサービス提供はある程度改善されている。同社のサービスからの収益は2024年上半期で1億2900万元に達し、その売上額は製品販売の2100万元の6倍以上となっている。WeRide社の主なコストはR&amp;D費用であり、今年上半期には5億1700万元に上り、前年同期比で37%増加した。このR&amp;D費用は売上高の3倍以上を占めている。
6ヶ月間の損失は、1年前に比べて8億8200万元から7億2300万元に拡大している。
同社は、今年ロボタクシーの大規模生産を始め、2025年にはロボバスの大規模生産も始める予定であり、その結果として状況は改善するはずだ。WeRide社が公開した調査によると、完全自動運転車輌の市場は2030年までで1700億ドルに達するだろうとのことで、そのうちの3分の1以上の部分が中国市場である。中国メディアの報道によれば、WeRide社はロボバス2000台の意向を受け取り、ロボバンについては1万台以上の意向を受け取ったという。
自動運転車輌企業としては最も注目を集めているかもしれないWeRide社だが、市場には他にも多くの同様の企業が存在している。トヨタにバックアップされた自動運転タクシースタートアップである<a href="https://thebambooworks.com/pony-ai-gallops-towards-u-s-listing-with-eye-on-lower-tech-autonomous-driving/">Pony.ai</a>やBYDにバックアップされた自動運転ソフトウェア開発企業である<a href="https://thebambooworks.com/momenta-accelerates-its-drive-towards-u-s-listing/">Momenta</a>も、中国証券規制当局の認可を受けて米国でのIPOを実施する予定だ。
自動車用チップの設計に携わるHorizon Roboticsや<a href="https://thebambooworks.com/black-sesame-test-drives-into-hong-kong-coasting-on-new-rules-for-high-tech-hot-shots/">Black Sesame Technology</a>、および無人運転ソフトウェアのプロバイダーである<a href="https://thebambooworks.com/zongmu-joins-autonomous-driving-queue-at-hong-kong-ipo-tollgate/">Zongmu Technology</a>も、香港での上場を申請している。また、自動運転技術のテストを行っているのは、iMotion Automotive（1274.HK）とHesai（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>）である。それぞれの企業は、過去1年間で香港と米国で上場を果たしている。
ここまで多くの企業が集まっている状況下で、WeRide社はどうやって差別化を図るのか。同社は、部分自動運転から完全自動運転まで、商用化の完全なレンジの自動運転商品及びサービスを提供している唯一の企業であると自負している。また、WeRide Goと呼ばれる同社のアプリは、「他の共有モビリティプラットフォームと提携し、地域の市場にアプローチする」としている。
ルネーサンス・日産・三菱自動車連合のアライアンス以外にも、WeRide社のパートナーはいくつか存在している。その中には、中国最大手バスメーカーである厦門金旅バス（Xiamen Golden Dragon Bus）や、フォードと江鈴（Jiangling Motors）の合弁会社であるJMCフォード・モーターズ、そして現代自動車も含まれる。
投資家たちも、新規上場が相次いでいる状況に疲れてしまっているのかもしれない。既に上場を果たしている企業の中で、2023年12月のIPO価格から約8%下回っているだけでなく、2023年4月のピークから75%も下がっている新興企業の株価を持つ&lt;iMotionがその一例である。また、Hesai社は2023年2月の上場以降、時価総額の81%を失っている。
当記事は外部の無報酬寄稿者によるものであり、Benzingaの取材を代表するものではありません。内容や正確さについて編集は行われておりません。

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