A Glimpse Of NIO Second Advanced Manufacturing Base In Hefei

(Chu Weiwei/Getty Images)

Nio rises despite earnings miss as its delivery growth beats rivals

Chinese EV company Nio posted a deeper net loss and lower revenue than Wall Street expected.

9/2/25 7:25AM

Chinese EV company Nio rose in premarket trading Tuesday, despite the Tesla rival missing Wall Street’s expectations in its earnings report.

Nio posted a net loss equivalent to about $721 million in its second quarter, roughly $42 million steeper than analysts polled by FactSet had anticipated. Sales also came in below expectations, equivalent to $2.67 billion, versus the $2.75 billion consensus.

Nio’s August deliveries could have something to do with its stock rising 1.6% in premarket trading. The company delivered a record 31,305 vehicles last month, up 55% from last year. As Nio grows, some of its rivals in China are seeing deceleration amid fierce competition that’s led the government to urge EV companies to stop their price war. (Most major automakers in the country have ignored the request so far.)

BYD, the world’s largest EV company, posted August delivery growth of less than 1% — though it’s still handing off more than 10x the number of vehicles as Nio. Li Auto delivered 28,529 vehicles, down 41%. Tesla doesn’t report monthly deliveries, but according to data from the China Passenger Car Association as reported by CnEVPost, its China business delivered 4% fewer vehicles in August than last year.

Nio has pounced on Tesla’s struggles, launching two direct competitors to the Model Y, China’s bestselling SUV. Nio delivered more than 10,500 Onvo L90s in the vehicle’s first month on the market.

Old electronic items tossed on ground for disposal, Hudson

Technology giants don’t look like they used to, as the asset-light era fades

Oracle and Meta are now some of the most capital-intensive businesses in the S&P 500, spending more than energy giants. I guess data really is the new oil?

David Crowther1h

Matt Phillips2h

Space stocks rip amid speculation on Altman joining race

Space stocks AST SpaceMobile, Planet Labs, and Rocket Lab all soared Thursday amid a recovery in the high-beta momentum class of shares coveted by some retail traders.

(High-beta momo stocks are basically shares that have been on a winning streak for a while, and tend to go up a lot more than the overall market on positive days. Goldman Sachs includes all three of the aforementioned space stocks in its themed basket of such shares.)

There’s little other fundamental news out there on the companies themselves.

But a Wall Street Journal report that OpenAI impresario Sam Altman has been toying with the idea of entering the space industry, potentially standing up a rival to Tesla CEO Elon Musk’s Starlink satellite service, may also be contributing.

As we’ve mentioned elsewhere, sometimes these stocks seem to trade on a what’s-bad-for-the-Musk-empire-is-good-for-us-and-vice-versa vibe.

Matt Phillips3h

Intel sinks on news it will hang on to networking unit

Intel dropped in early trading Thursday after it disclosed plans to retain ownership of its networking unit following a strategic review of operations.

The unit, known as NEX, makes products like infrastructure processors, which do needed “housekeeping” tasks like running security checks, thereby freeing core Intel CPUs to do the higher-value operations. It also produces switches and controllers that manage and direct the flow of data to CPUs.

Intel Shelves Plans to Sell Networking Division After Review

Luke Kawa3h

Quantum computing stocks soar on return of bullish options bets

The calendar says December, but the price action is starting to look a lot more like September to me:

Quantum computing companies IonQ, Rigetti Computing, and D-Wave Quantum are all up at least 7% as of 11:04 a.m. ET, buoyed by a wave of bullish options activity.

Nearly 50,000 calls in IonQ have already changed hands, well above the 20-day average for a full session, with activity concentrated in strikes from $50 to $55 in contracts that expire between Friday and mid-January. Its put/call ratio is near 0.2, versus an average of over 1 for the past 20 sessions.
More than 65,000 calls have traded in Rigetti, a hair shy of its full 20-day average. Like IonQ, options activity has a bullish tilt, with a put/call ratio of about 0.7 versus a 20-day average of roughly 1.2.
D-Wave, which received positive commentary from Evercore ISI on Wednesday, isn’t seeing call activity as elevated as its peers, but the options action is also very skewed toward the bull side, with a put/call ratio of less than 0.3 versus a 20-session average of 0.7.

Pure-play quantum computing stocks nearly doubled from late August to late September amid heavy options market activity thanks to reports on government support for the sector, M&A activity, tech breakthroughs, and a flurry of price target hikes by Wall Street.

Luke Kawa

Retail traders are killing it this year because of both what they’re buying and when they bought it

Buy the dip. Buy AI. Buy gold.