Ferrari reassured investors that first-quarter profitability won't fall below last year's levels despite headwinds from lower unit sales and reduced Daytona deliveries, according to Citi analysts. The luxury automaker appears to have maintained strong earnings performance despite challenges. Ferrari shares rose 4% to 300.50 euros after the news, with C maintaining a neutral rating and a 320 euro price target.

Xiaomi plans to focus more on high-end smartphones as memory costs decline, projecting a 10% revenue drop this year and flat revenue in 2027, Morningstar reports. The tech giant also forecasts selling 580,000 electric vehicles in 2026 and 800,000 annually by 2030. Morningstar cut its operating profit forecasts by around 20% for 2026-2027, though expects smaller reductions after those years.

Pony AI stands to benefit from the robotaxi industry's evolution toward network-effect-driven business models, HSBC analysts wrote. The company's technology, cost structure, operational experience, and regulatory relationships position it well for growth. HSBC initiated coverage with a buy rating and $16.60 target price, citing improving unit economics as a key catalyst.