Alibaba shares surged over 11% following UBS analysts' positive growth outlook, boosting the Global X NYSE 100 ETF. Investors are closely watching developments in the Middle East and recent Federal Reserve minutes for market direction. Additionally, Azul Airlines celebrated its uplisting to the NYSE, with live coverage and CEO interviews available. These events provide key insights ahead of the trading day.
Alibaba reported a mixed quarter with sharply lower profits and negative free cash flow due to heavy capital expenditures, which rose 75% to RMB67.68 billion. However, AI Cloud and Compute Services revenue surged 45% year-on-year, with AI product rev...
Alibaba issued $10.2 billion in new shares, causing a market sell-off that overestimated the actual dilution impact, which is only about 0.13% on its ADR price. The company’s cloud business is growing rapidly with 45% year-over-year revenue growth an...
Alibaba Group is raising HK$80 billion through equity to significantly increase its investments in AI and cloud computing. Despite concerns about dilution and monetization risks, management expects faster returns and improved gross margins within 2-3...
Alibaba's stock fell 8% following disappointing Q2 results and further declined after announcing a $10.2 billion investment to expand its AI capabilities. Despite the market's negative reaction, analysts argue that Alibaba's AI spending is still mode...
XPeng's stock fell 7% following a Q2 revenue miss and a softer Q3 revenue forecast, despite a record $6.3 billion valuation for its humanoid robotics unit. The company reported Q2 revenue of $2.91 billion, up 8% year-over-year but below expectations,...
