Editorial companion

What stands out

Unitree shares jumped at the Shanghai open after the company raised $904 million in an initial public offering (IPO), a headline moment on Bloomberg's China Show. The segment threaded that jump through a market where chip names were selling off, Baidu reported a fifth straight revenue decline, and guests including robotics executives and the Pony AI chief debated the near-term outlook for automation. It is a neat, noisy test of whether onshore investors will pay up for robotics hardware and AI (artificial intelligence) dreams when semiconductors are under pressure and macro headlines are volatile.