US stocks surge | Chinese concept stocks rise New Oxygen (SY.US) up more than 21%

According to the Smart Finance APP, on Monday, Chinese concept stocks rose. As of the time of writing, the Nasdaq Golden Dragon Index rose by 0.61%. New Oxygen (SY.US) surged by over 21%, with Citigroup analyst Nelson Cheung upgrading the stock to a buy rating and raising the target price from $0.8 to $5.5. Kingsoft Cloud (KC.US) rose by over 9%, with the company fully integrating the Kimi-K2 model. NIO Inc. (NIO.US) rose by over 5.6%, Li Auto Inc. (LI.US) rose by over 2.3%, and XPeng Inc. (XPEV.US) rose by over 1%.