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Bada bing, $BABA boom. Alibaba's shares surged last week after an earnings update that turned the heads of investors already starting to rotate toward Chinese AI.
The climb, the Hong Kong-listed stock's largest since September, created an updraft that buoyed rivals including Baidu, Tencent and JD.com. At the same time, US tech stocks had a rocky week, with the Nasdaq losing steam midweek before leveling out later. Nvidia's $1 trillion wipeout saw the stock trading about 17% off its May record before bouncing back.
Alibaba's applying a uniquely Chinese playbook in its efforts to win the world's AI-ttention.
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
Bada bing, $BABA boom. Alibaba's shares surged last week after an earnings update that turned the heads of investors already starting to rotate toward Chinese AI.
The climb, the Hong Kong-listed stock's largest since September, created an updraft that buoyed rivals including Baidu, Tencent and JD.com. At the same time, US tech stocks had a rocky week, with the Nasdaq losing steam midweek before leveling out later. Nvidia's $1 trillion wipeout saw the stock trading about 17% off its May record before bouncing back.
Alibaba's applying a uniquely Chinese playbook in its efforts to win the world's AI-ttention.
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
4 months ago
