Here’s Why Nio Stock Is a Buy Before September
Initially, Nio’s surging shipments captivated the bullish investors, and the buying craze in meme stocks boosted those returns. However, the company’s deliveries subsequently decreased, causing a retreat in its stock price and significant losses. The increase in interest rates enticed investors to opt for safer investments. Moreover, the trade dispute between the U.S. and China further diminished Nio’s attractiveness as an investment choice.