Stock Market Today: NIO Jumps as Glimmers of Profitability Emerge
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Nio (NIO) shares rose 3.1% to $6.58 following its Q2 earnings report, which revealed a smaller-than-expected loss of $567 million and a margin improvement to 10%. This performance indicates a potential turnaround for the EV maker, with a significant 26% increase in year-over-year deliveries. Heavy trading volume and positive trends in peer companies, Li Auto and BYD, reflect growing investor interest in the Chinese EV market. Analysts suggest NIO could achieve profitability by Q4 2025, despite broader market declines.
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