Alibaba
Alibaba has shifted its focus to artificial general intelligence, or AGI.The Chinese tech giant recently reported an 8% rise in quarterly revenue, boosting its stock price.Alibaba plans to invest $53 billion in AI and cloud over the next three years as it competes with US tech giants.Hot stock Alibaba has…
Michael Burry bolstered his bets on three Chinese tech companies last quarter.The “Big Short” investor raised his stakes in Alibaba, Baidu, and JD.com but also hedged the wagers.Burry didn’t add any new names to his stock portfolio but exited a couple in the period. Michael Burry doubled down on three…
Tuesday’s market has seen significant movements across a range of stocks, with notable fluctuations in both the mega-cap and large-cap categories. Nvidia Corp (NASDAQ:) and Alibaba-exch (BABA) experienced contrasting fortunes, while Apple Computer Inc (NASDAQ:) also saw a notable decline. Here are some of the key stock movers from today’s…
Friday’s trading session has seen significant activity among stocks from the mega-cap and large-cap sectors, with notable movements both upward and downward. These intra-day stock movements are influenced by various factors, including company news and market sentiments. Stocks like Alibaba (NYSE:) and Tesla Motors (NASDAQ:) have experienced gains, while Eli…
Thursday’s market has seen significant activity with stocks experiencing both upward and downward movements. Mega-cap stocks like Alibaba (NYSE:) have surged, while large-cap stocks such as Super Micro Computer (NASDAQ:) have faced declines. This article covers some of the most notable stock movers across different market capitalizations, from the largest…
SHANGHAI (Reuters) – China’s State Administration of Market Regulation (SAMR) said on Friday that Alibaba (NYSE:) Group had completed three years “rectification” following a record $2.75 billion fine levied in 2021 for monopolistic practices. The regulator said Alibaba had achieved “good results” and that it would continue to “guide” the…
By Deborah Mary Sophia and Casey Hall (Reuters) -Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company’s domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy. U.S.-listed shares of the company traded 1.7% lower as the market opened…
