Alphabet to Buy Clean Energy Developer Intersect in $4.75 Billion Deal Amid AI Push
$Alphabet(GOOGL)$ said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity...
Nio's Earnings Outlook Positive; On Track for 4Q Breakeven -- Market Talk
0330 GMT - Nio is on track to break even in 4Q, CGS International analysts say, backed by strong sales from all three brands and cost-cutting initiatives. Nio narrowed losses more than expected in 2Q, and CGS thinks the momentum will continue, with shipments potentially hitting a record high in September. It raises 2025-2027 shipment forecasts by 4%, 6% and 8% respectively on more contributions from new models. CGS is upbeat on the upcoming launch of three SUVs, which will keep fueling sales and help Nio hit net profit in 2026. The brokerage lifts 2025-2027 revenue and gross profit margin views for the company, resulting in a 5%-105% rise in EPS estimates. It keeps an add rating on Nio's H-shares and raises the target 37% to HK$65.70. Shares last at HK$48.56.