Alibaba Group Holding Ltd. Sponsored ADR Stock News

Missed Out on Nvidia? Billionaires Are Buying This Artificial Intelligence (AI) Stock Hand Over Fist

Alibaba's stock jumps after a profit beat, with the AI business extending its streak of triple-digit percentage growth.

Alibaba gained despite fiscal Q2 sales coming in lower than expected as earnings beat estimates with AI growth. The post Alibaba Stock Gains As AI Growth Helps Earnings Beat Despite Sales Miss appeared first on Investor's Business Daily.

Alibaba shares rise 3% in premarket after Chinese tech giant posts 58% jump in profit

Alibaba Group Holding missed analysts' estimates for quarterly sales on Friday, as lingering economic uncertainty sapped consumer spending in China and weighed on the e-commerce giant's domestic business.

HANGZHOU, China--(BUSINESS WIRE)---- $BABA #alibaba--Alibaba Group Holding Limited today announced its financial results for the quarter ended September 30, 2024.

After the famous ‘Big Short' investor Michael Burry abandoned his 2023 bet against the semiconductor industry – though, interestingly, the short position may not have been wrong, only poorly timed – he again stirred controversy with his persistent bullishness about Chinese stocks.

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.