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The Latest Breaking News from Alibaba

Ark Invest Dumps AMD Stock, Doubles Down On Chinese Tech Giants Alibaba And Baidu

On Thursday, Cathie Wood‘s Ark Invest made significant trades involving Alibaba Group Holding Ltd (NYSE:BABA), Baidu Inc (NASDAQ:BIDU), Advanced Micro Devices Inc (NASDAQ:AMD), and Tempus AI Inc (NASDAQ:TEM). These trades reflect Ark’s strategic positioning in the tech sector, with purchases and sales across multiple funds.

Benzinga

Alibaba Unveils New AI Chatbot For ChatGPT Like AI Push

Alibaba Group Holding Limited (NYSE:BABA) stock rose on Thursday after the company announced the launch of a new artificial intelligence chatbot assistant.

Benzinga

Alibaba Unveils Next-Gen AI Models To Rival GPT-5

Alibaba Group Holding Limited (NYSE:BABA) is aggressively accelerating its artificial intelligence deployment, a strategy bolstering its cloud business and fueling significant stock appreciation.

Benzinga

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JPMorgan, Alibaba, Columbia Banking System And A Health Care Stock On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” on Monday, Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said JPMorgan Chase Co. (NYSE:JPM) is still his favorite financial as a long-term investor. The stock looks great, he added.

Benzinga

Alibaba Singles Day Event Sales Soars, iPhones Fuel Record-Breaking Start

Alibaba Group Holding Ltd (NYSE:BABA) launched direct sales for its annual Singles’ Day shopping festival on Monday, reporting a strong start that outpaced last year’s figures.

Benzinga

Alibaba Cloud says it cut Nvidia AI GPU use by 82% with new pooling system— up to 9x increase in output lets 213 GPUs perform like 1,192

Alibaba Cloud claims its new Aegaeon pooling system reduced the number of Nvidia GPUs required to serve large language models by 82% during a multi-month beta test inside its Model Studio marketplace.

Tom’s Hardware

Alibaba Leads Goldman's Top Chinese Picks For Global Growth

Goldman Sachs urged investors to focus on Chinese companies expanding overseas, citing a weaker yuan, cost advantages, and China’s strength in global supply chains as growth catalysts.

Benzinga

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Consumer Tech News (Oct 13-17): Elon Musk's Starlink Under US Probe, Salesforce Eyes $60B Revenue, Apple Launches M5 Chip And More

A bipartisan committee in the U.S. Congress has reportedly begun a probe into Elon Musk‘s Starlink satellite business for its alleged involvement in providing internet access to scam centers in Myanmar.

Benzinga

Alibaba Cloud's New System Cuts Nvidia GPU Usage By 82%, Amid Trump's Flip Flop On AI Chip Ban On China

Alibaba Group Holding (NYSE:BABA) has introduced a new computing pooling system called Aegaeon, which dramatically reduces the reliance on Nvidia (NASDAQ:NVDA) GPUs by 82% for AI models.

Benzinga

Alibaba Stock Surges 95% As Company Doubles Down On AI, Cloud

Alibaba Group Holding Limited (NYSE:BABA) remains aggressively invested in a gamut of activities, including integrating artificial intelligence across its e-commerce ecosystem and expanding its global footprint through significant investments in Hong Kong real estate to drive value.

Benzinga

US-China Trade Fight Hits Chinese Tech Stocks

U.S.-listed shares of major Chinese corporations, including Alibaba Group Holding Ltd. (NYSE:BABA), Baidu Inc. (NASDAQ:BIDU), PDD Holdings Inc. (NASDAQ:PDD), JD.com Inc. (NASDAQ:JD), NIO Inc. (NYSE:NIO), Li Auto Inc. (NASDAQ:LI), and XPeng Inc. (NYSE:XPEV), slid on Friday amid escalating geopolitical tensions between Beijing and Washington.

Benzinga

Alibaba's Ant Group Open-Sources dInfer, Claims AI Framework Outpaces Nvidia

Alibaba (NYSE:BABA) fintech affiliate Ant Group has open-sourced dInfer, an inference framework for diffusion language models, claiming it can make AI systems more efficient than Nvidia's (NASDAQ:NVDA) framework.

Benzinga

Hims & Hers, Salesforce, Omeros, United Airlines, And Sea Ltd: Why These 5 Stocks Are On Investors' Radars Today

Major U.S. indices ended mixed on Wednesday, with the Dow Jones Industrial Average slipping 0.04% to 46,253.31. The SP 500 added 0.4% to 6,671.06, while the Nasdaq climbed nearly 0.7% to 22,670.08.These are the top stocks that gained the attention of retail traders and investors through the day: Hims Hers…

Benzinga

Cathie Wood Goes Big On Chinese Tech: Ark Invest Places $26 Million Bet On Alibaba And Baidu, Dumps Palantir Stock

On Wednesday, Cathie Wood-led Ark Invest made significant trades, notably increasing its stake in Alibaba Group Holding Ltd (NYSE:BABA) and Baidu Inc (NASDAQ:BIDU), while reducing its holdings in Palantir Technologies Inc (NASDAQ:PLTR) and Archer Aviation Inc (NYSE:ACHR).

Benzinga

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Fortune

Billionaire bosses like Jeff Bezos and Reid Hoffman denounce work-life balance—and some think working nonstop is key to success

Jeff Bezos hates the word ‘balance’—and he’s not alone. Reid Hoffman says chasing it means you’re not serious about winning, while other billionaire CEOs argue it’s incompatible with success.

Benzinga

Alibaba Opens Second Dubai Data Center To Boost AI Adoption

Alibaba Group (NYSE:BABA) recovered its losses from Tuesday in Wednesday premarket trading, supported by its ongoing push into artificial intelligence (AI).

Barchart

Can NVDA Still Be a $300 Stock If Nvidia Loses Its Monopoly in AI GPUs?

While Nvidia’s market share in the AI GPU market might come down, the sheer size of growth in that market means that NVDA stock could still continue to be a winner.

Benzinga

Alibaba's Stock Comeback Has More Room To Run, Say Analysts

Alibaba Group Holding Ltd. (NYSE:BABA) stock climbed on Monday as strong performance in its cloud business and advances in artificial intelligence models offset investor concerns over escalating U.S.-China tensions.

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International Business Times

Treading Fine Line, NBA Money Machine Kicks Into Gear On China Return

The NBA brought star-studded lineups to Macau this week for the league's return to China after six years but many of the biggest wins happened off the basketball court, industry insiders and experts told AFP. Thousands of fans cheered Friday as the Phoenix Suns -- led by four-time NBA All-Star…

Fortune

Trump's new China tariff sparks wide sell-off, wiping 2.7% off the S&P 500 on the bull market's third birthday

“Some very strange things are happening in China!” Trump posted, hinting that he’ll cancel his upcoming talk with Xi Jinping.

Benzinga

Alibaba To Rally Around 15%? Here Are 10 Top Analyst Forecasts For Friday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Benzinga

Alibaba's Joe Tsai Pushes Back On US-China 'AI Race' Rhetoric: 'Why Would Any One Country...'

Alibaba Group Holding Ltd (NYSE:BABA) Chairman Joe Tsai shared his thoughts on the U.S.-China AI competition this week, suggesting that the U.S. should reconsider its approach.

Benzinga

China Tightens The Screws On Rare Earths, But Who's Feeling The Heat?

U.S.-listed Chinese stocks, including Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU), PDD (NASDAQ:PDD), Nio (NYSE:NIO), and XPeng (NYSE:XPEV), extended losses amid escalating geopolitical tensions between Beijing and Washington.

Benzinga

How Alibaba Cloud Plans To Turn NBA Games Into AI-Powered Fan Experiences

Alibaba Cloud, the digital technology arm of Alibaba Group (NYSE:BABA), and NBA China have launched a landmark, multiyear partnership set to fundamentally transform fan engagement across China.

Benzinga

Meta, Ray-Ban Target 10 Million AI Glass Production By 2026

Meta Platforms (NASDAQ:META) is positioning itself as a leader in the emerging smart glasses market.

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