Stifel：將IBM(IBM.N)目標價從290美元下調至235美元。

Since July global technology names have corrected and Wang Hetao, head of research at Changjiang Securities, says the volatility mainly reflects sentiment transmission from external shocks. He cites concurrent policy and industrial support, active regulatory protection, inflows of long-term capital, improving listed-company earnings and tech innovation breakthroughs as reasons the A-share market’s long-term positive trend remains intact. Wang says the market is currently at the juncture of digesting external shocks and rebuilding internal confidence, and that short-term volatility creates a repositioning window to capture China’s longer‑term growth upside.

July 21 — Momenta said Momenta Robotaxi has obtained Shenzhen municipal approval for on-road testing of intelligent connected vehicles and will commence field tests. The company said Robotaxi trials have already been rolled out in Shanghai, Suzhou, Wuxi, Shenzhen, Munich (Germany) and Abu Dhabi (UAE).