Baidu (BIDU -0.1%) has secured licenses to test self-driving vehicles carrying passengers on designated roads in Beijing, according to Venture Beat.
The company’s self-driving cars have traveled more than 3M km during tests in 23 Chinese cities to date, up from the 2M km disclosed in July.
Taoping adds 31 companies to Alliance
Taoping (NASDAQ:TAOP) announces adding 31 companies to its Taoping Alliance to operate new media in 31 partnered cities.
The Alliance now has 196 domestic members operating in 196 cities across China.
The new companies are purchasing smart display screens from TAOP and operating targeted marketing campaigns for brands in select locations.
AMD gets Street-high target on 2020 strength
Rosenblatt reiterates a Buy rating on AMD (NASDAQ:AMD) and raises the target from $52 to $65. The company has a Bullish average SA Author’s rating.
Analyst Hans Mosesmann says the 2019 rally will continue into 2020 with “limited competitive threats slowing the momentum train.”
The analyst sees a strong setup for H2 given the next-gen consoles from Microsoft and Sony, which provide a tailwind for AMD’s gaming products.
Mosesmann names AMD as his top semiconductor pick for 2020 with Micron (NASDAQ:MU) and Xilinx (NASDAQ:XLNX) as his second and third picks, respectively.
AMD shares are down 0.4% pre-market to $45.35.
Baird names Amazon, Zynga top internet picks
Baird analyst Colin Sebastian says the internet sector remains an attractive investment area heading into 2020 and names Amazon (NASDAQ:AMZN) and Zynga (NASDAQ:ZNGA) among his top picks.
Sebastian: “We foresee an unusual bounty of ‘next gen’ technologies that have the potential to alter the scoreboard across the internet and technology sectors.”
Amazon is the analyst’s large-cap pick, citing ongoing e-commerce strength, relative stock underperformance to its mega-cap peers, margin optics improvements in H2, and growth opportunities across a range of verticals from ads to cloud to shipping and logistics.
Zynga is Sebastian’s top SMID-cap pick due to the “visibility from live services, new title launches, potential for more M&A, and 2H improvement in Ebitda margins.”
Zynga shares are down 0.3% pre-market to $6.12.
Court approves Wix’s buyback extension
Wix (WIX +0.5%) announces receiving court approval to repurchase up to $100M ordinary shares that expire today.
