Alibaba's shares fell 8% in Hong Kong following a $10.3 billion equity placement priced at an 8.4% discount to its previous close, aimed at funding AI infrastructure expansion. Investor Michael Burry sold Alibaba shares for JD.com, citing concerns over the share issuance. Meanwhile, Nvidia announced a price increase of over 15% for its AI servers, effective early next year, impacting major tech companies reliant on its chips. Additionally, California's attorney general accused Paramount of bad faith in settlement talks over its $111 billion Warner Bros. acquisition, complicating regulatory approval.
Alibaba announced an $10.2 billion share placement to non-U.S. investors, pricing 710 million new shares at HK$112.70 each, below the previous close. The company will use all proceeds to boost its AI infrastructure and capabilities, following a 75% p...
Alibaba sharply reduced its share repurchases by about 80% in the June 2026 quarter, spending $162 million compared to $815 million a year earlier. The company redirected capital towards AI infrastructure and cloud computing, with capital expenditure...
Profusa, Inc. saw its stock fall 28% following a wider Q2 net loss of $8.8 million and a 1-for-4 reverse stock split. The company disclosed convertible exchange agreements and borrowed $650,000 for working capital, raising investor concerns about its...
Alibaba Group reported a mixed first quarter in 2027 with revenue slightly exceeding expectations, but profitability falling short of consensus. The company faced significant cash flow challenges, with free cash flow declining sharply to -RMB44.6 bil...
Alibaba's stock fell 7% following its Q2 report showing 45% growth in AI cloud revenue but a 75% surge in capital spending, leading to a free cash flow outflow. The market reacted to the high costs of Alibaba's AI infrastructure buildout, despite str...
