💡Summary: • PDD, the owner of the popular TEMU shopping app, fell 7.2% amid a new short call from Grizzly Research. • Grizzly Research alle
もっと見る
💡Summary:
• PDD, the owner of the popular TEMU shopping app, fell 7.2% amid a new short call from Grizzly Research.
• Grizzly Research alleges that PDD's shopping app TEMU is a form of "malware/spyware" in the short report.
• The drop follows chip stock declines after China restricted Apple devices.
Seeking Alpha reported that PDD( $PDDホールディングス (PDD.US)$ ) faced a decline after a short report pointed fingers at the Chinese-based shopping app Temu. The report claimed the app collects unneeded data and obfuscates app store protocols. In the report, Grizzly notes the practices are similar to Amazon and eBay data collection, two giant American e-commerce sites. The report rallies on recent China-US tech tension, but the fears are not confirmed. The Wall Street Journal also reported the recent trend of sagging share prices for market leaders extends into Thursday morning, and it’s not just Apple( $アップル (AAPL.US)$ ). The PHLX Semiconductor Sector index dropped 3% shortly after the opening bell, while individual chip stocks are prominent among S&P 500 laggards. Qualcomm and Monolithic Power Systems each fell nearly 5%.
The chip index is up about 40% so far this year. But fortunes have turned lately: the index is down more than 5% over the past month. Nvidia( $エヌビディア (NVDA.US)$ ) recently fell 3.3%. As the stock climbed after earnings, investors in Nvidia were worried that the AI boom may be oversold, and would not be able to reach its projected revenue guidance for the next quarter.
🎙️Q:
1. Is the PDD dip a buy?
2. How has the Apple and chip stock decline affected your portfolio?
