/biz/ - Business & Finance

Thoughts on Xiaomi for long term? I mean, I love their products, from my phone to even up to my vacuum cleaner robot, but for stocks, I'm usually not too fond of companies focusing on "hardware". Clown markets tend to prefer companies selling you 0 and 1s rather than concrete items the average joe can buy, bare Apple I guess, but even there they mooned thanks to their services, and while Xiaomi does have a bit of it, it's not much. What I'm wondering is, what changed? Since its IPO, Xiaomi went down to the shitter, and in like 6 months, it doubled up. What changed? I mean, they already made money back then, they were already a great company, and the market couldn't give a shit. And now somehow it gives a shit. I just don't understand why. What changed in 6 months, because they sure didn't find a way to transmute copper to gold, nor did they develop Fusion, nor the Hyperdrive.

>>25333025
>StarLink IPO
Fuck Musk for literally ruining my timelapses and long exposures photos of the milky way when I'm camping in the Alps. As such, I'll put in like 1000 bucks so I'll at least get something out of it. When is this IPO scheduled?

Thoughts on them?

Why is Xiaomi only starting to moon now? Since its IPO, it went down, crabbed, and then only recently it finally started going up like it always should've been. So, what changed?

Had some chink exchange students shill me Xiaomi a year ago, basically they all see it as some kind of national duty to make Xiaomi into China's Apple. They said the way is predetermined. Took a look at their products and bought my suicide stack. Imo easiest 10-x in a 5-years timeframe.