What happened: Shares of Alibaba (BABA) fell 3% premarket on Wednesday before paring losses to less than 1%. What’s behind the measure: The Chinese e-commerce and cloud giant on Wednesday reported a 3% rise in fourth-quarter revenue, missing analyst expectations. Alibaba’s profits were weighed down by increased spending on artificial intelligence initiatives, expanding cloud infrastructure…
Alibaba Group Holding Ltd. (NYSE:BABA) shares rose on Thursday after reports indicated greater access to Nvidia Corp. (NASDAQ:NVDA) advanced artificial intelligence chips in China. The Chinese e-commerce giant pared some of those gains in early trading on Friday, following a more than 5% rally in the previous session. Thursday’s move came after reports that China…
Alibaba (BABA) released its Q2 2026 earnings yesterday, November 25. The stock took a hit after that report, but ultimately closed lower as it broke the top line but missed earnings per share (EPS) estimates. Furthermore, its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) fell a whopping 78% year-over-year. The company’s adjusted EBITDA…
U.S. stocks surged as investors absorbed the latest round of quarterly earnings reports while keeping an eye on discussions of potential interest rate adjustments. The Dow Jones Industrial Average (^DJI) rose 0.3%, while the S&P 500 (^GSPC) saw an increase of nearly 0.5%. Similarly, the Nasdaq Composite (^IXIC) showed strength with an increase of more…
