Xiaomi previously peaked at 61.45, and this rebound only came after a major drop. Just looking at the candlestick chart, you can see it clearly. There’s a bunch of moving averages pressing down from above, so for now, this can only be defined as a recovery after a decline—not a trend reversal yet. Right now, the funds aren’t just hyping Xiaomi’s car business. Concepts like humanoid robots are in the mix too, but the market has become very pragmatic. No matter how many stories there are, it all comes down to car sales and whether new businesses can actually contribute real profits. Short-term rebound plays are fine. But don’t rush to go all-in betting on a reversal. The consumer electronics sector is already highly competitive. Car manufacturing is a long-term money-burning game. If Xiaomi wants to reopen its valuation space, it’ll need to deliver impressive performance data in the future.