What's Going On With Xpeng Stock Today?
Portfolio Pulse from Nabaparna Bhattacharya
Xpeng (NYSE:XPEV) has announced the successful tape-out of its proprietary AI chip, Turing, which will be used in its electric vehicles, robots, and flying cars. This chip is designed for L4 autonomous driving and offers three times the computing power of the current chip. Despite this milestone, Xpeng shares are trading relatively flat.
August 28, 2024 | 12:47 pm
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Xpeng has successfully completed the tape-out of its Turing AI chip, which is designed for L4 autonomous driving and offers significant computing power improvements. This development could enhance Xpeng's product offerings in electric vehicles, robots, and flying cars.
The successful tape-out of the Turing AI chip is a significant technological advancement for Xpeng, potentially enhancing its competitive edge in autonomous driving. This could positively impact Xpeng's product offerings and market position, leading to a potential positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100