5 Market-Moving Stocks to Watch on Monday

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1. Nio Inc. (NYSE:NIO) is up 5.39% as of 1:01 PM ET after a report from Kevin Cheng at DigiTimes revealed that the Chinese electric vehicle company is looking to hire personnel for key positions for its new manufacturing plant in the US. The company is looking to recruit resources with overseas work experience and with expertise in car body manufacturing technologies, infrastructure planning, logistics planning, and manufacturing center planning. Nio Inc. (NYSE:NIO) also revealed that it has partnered with Advanced Micro Devices (NASDAQ:AMD) to purchase chips. The chips will be used by the vehicle development division of Nio Inc. (NYSE:NIO) and will not be installed in cars under production.

Nio Inc. (NYSE:NIO) was held by 26 hedge funds as of Q1 2022.

You can also take a peek at the 10 Dividend Growth Stocks Popular on Robinhood and 10 UK Dividend Stocks To Buy.

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