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BABA News30 articles
IBM's AI Ambitions Face Crucial Earnings Test Amid Mainframe Concerns
IBM shares slipped 0.7% to $246.43 Monday as investors focused on the upcoming April 22 earnings report, a key test for the company's AI strategy amid persistent concerns about mainframe demand and consulting performance.
Indian Equities Surge on Geopolitical Relief, Banks Lead Rally
Indian stock benchmarks jumped over 1% on Monday, with the Sensex climbing 787 points to 74,106.85, fueled by easing crude prices on potential Middle East de-escalation. Financial and consumer stocks led the advance.
Foxconn's AI-Driven Revenue Surge Signals Robust Demand for Nvidia Servers
Foxconn's first-quarter revenue surged 29.7% year-over-year, highlighting strong AI server demand for key client Nvidia. Nvidia projects $78 billion in Q1 revenue, excluding China data-center sales, as competition intensifies.
OpenAI Hits $852B Valuation, Expands Investor Access Ahead of Potential IPO
OpenAI has secured a $122 billion funding round, valuing the company at $852 billion, while raising over $3 billion from individual investors. The AI firm also announced its shares will be included in several ARK Invest ETFs prior to a potential public listing.
Global Markets Rally on Geopolitical Ease; Microsoft, Marvell Gain on AI Bets
Global equities advanced Wednesday as signs of easing Middle East tensions spurred a risk-on rally. Microsoft gained on a major AI infrastructure investment, while Marvell Technology surged following a strategic partnership with Nvidia.
Hong Kong Stocks Post Modest Gain Amid Mixed March Performance
Hong Kong's Hang Seng Index closed slightly higher on Tuesday, gaining 0.15% to 24,788.14, but recorded a 6.9% decline for March, marking its poorest monthly performance since January 2024.
IBM's AI Strategy Under Scrutiny as Q1 Report Looms Amid Stock Slump
IBM shares are trading nearly 27% below their 52-week peak, with pressure mounting on its AI strategy ahead of first-quarter results on April 22. The company recently completed its $11 billion acquisition of Confluent.
AST SpaceMobile Targets April 10 for BlueBird 7 Launch Amid Rival Rocket Lab's ESA Milestone
AST SpaceMobile has scheduled its BlueBird 7 satellite launch for April 10, while Rocket Lab successfully completed its first dedicated mission for the European Space Agency. Both companies are advancing amid a backdrop of robust financial results and industry momentum.
Nvidia Slips Amid Rising Competition and Regulatory Pressure
Nvidia shares declined over 4% Thursday, pressured by competitive threats from Huawei's new chip and potential U.S. export restrictions. The Nasdaq entered correction territory, down 10.7% from its October peak.
Indian Markets Rebound Sharply on Easing Oil Prices and IT Rally
Indian equity indices staged a strong recovery on March 20, 2026, with the Sensex jumping 891 points. The rally was fueled by falling crude oil prices and a surge in IT stocks.
Alibaba's Profit Plunge Overshadows AI Cloud Surge in Q4
Alibaba Group reported a sharp 66% drop in quarterly net income, missing estimates, as aggressive spending on discounts and delivery squeezed margins despite strong growth in its cloud and AI division.
Markets Mixed as Bitcoin Soars, Texas Emerges as Financial Hub
Global markets showed divergent trends with Bitcoin climbing above $75,000 as a digital safe haven, while Indian equities recovered strongly. Texas solidified its position as a major financial center with new exchange launches.
Iran Conflict Fuels Global Inflation Surge as Oil Tops $100
The Iran conflict has triggered a severe oil supply disruption, pushing Brent crude above $100 a barrel and sending shockwaves through global freight, agriculture, and consumer markets.
India Races to Secure LPG Amid Gulf War Disruption, Sparks Induction Stove Rush
India has invoked emergency powers to redirect LPG supplies from commercial to residential users following Gulf war disruptions, causing restaurants to limit hot meals and triggering a massive spike in induction cooker purchases.
FTSE 100 Retreats on Oil Spike, Rate Cut Hopes Dim
London's FTSE 100 declined 0.7% in early Thursday trading as Brent crude surged past $100 a barrel, dampening expectations for near-term Bank of England rate cuts and pressuring consumer-focused sectors.
Indian Equities Tumble as Oil Price Surge and Geopolitical Tensions Weigh on Sentiment
Indian stock benchmarks dropped over 1.6% on Wednesday, with the Nifty 50 closing below 23,900, as volatility in oil markets and escalating Middle East tensions triggered broad selling. The rupee weakened past 92 against the U.S. dollar.
Walmart's Flipkart Shifts Legal Base to India, Paving Path for Domestic IPO
Flipkart has relocated its holding company from Singapore to India, a key step ahead of a planned domestic initial public offering. The move allows Walmart to better capitalize on its $16 billion investment in the Indian market.
NVIDIA, ABB Forge Factory AI Alliance to Bridge Simulation-Reality Gap
NVIDIA and ABB have announced a strategic partnership to embed NVIDIA's Omniverse platform into ABB's RobotStudio software, aiming to achieve near-perfect accuracy when transferring robot training from simulation to physical factories. The collaboration is a key move for NVIDIA to expand its industrial AI footprint beyond data centers.
Middle East Conflict Sparks Historic Oil Price Surge, Strains Global Supply
Oil prices surged dramatically on Monday, with Brent crude briefly exceeding $119 per barrel, following supply disruptions in the Middle East linked to regional conflict. Governments and companies scrambled to respond to the market shock.
FTSE 100 Plunges on Oil Price Surge and Geopolitical Tensions
London's FTSE 100 index opened sharply lower, dropping 1.75%, as a surge in crude oil prices above $119 per barrel rattled markets. The spike, driven by Middle East supply concerns, particularly punished airline and mining shares.
Global Markets Plunge as Oil Surge Sparks Inflation Fears
Global equity markets faced a severe selloff on March 9, 2026, driven by a sharp spike in oil prices above $115 per barrel and escalating Middle East tensions. Japan's Nikkei 225 plunged 7%, while India's Sensex crashed over 2,400 points.
Microsoft's $409 Level in Focus as AI Demand Meets Inflation Test
Microsoft shares closed at $408.96, down slightly amid a broader tech sell-off. Investors are balancing positive AI demand indicators from partners like Broadcom against looming inflation data and macroeconomic concerns.
U.S. Drafts New AI Chip Export Rules, Potentially Impacting AMD, Nvidia
U.S. officials are drafting new AI chip export regulations that could require foreign governments to invest in U.S. data centers or provide security guarantees, potentially impacting major chipmakers like AMD, Nvidia, and Intel.
Indian Equities Rebound on Reliance, Metals Surge; Rupee Firms
Indian stock indices snapped a three-day losing streak, climbing over 1% on Thursday. Gains were led by Reliance Industries and metal stocks, while the rupee firmed after central bank action.
Hong Kong Boosts Gold Hub Ambitions with Refiner Incentives, 2,000-Tonne Storage Goal
Hong Kong is rolling out new incentives to attract gold refiners and facilitate cross-border precious metals trade with mainland China, aiming to expand storage capacity beyond 2,000 metric tons. This push aligns with China's broader strategy to increase its influence in global gold pricing.
Iran's Strait of Hormuz Control Threatens Global Oil Flows, Prices Surge
Iran's declaration of control over the Strait of Hormuz has triggered a sharp slowdown in tanker traffic and a 4.7% spike in Brent crude prices. Analysts warn Asian economies are most vulnerable to supply disruptions.
Gold, Oil Spike as Middle East Strikes Rattle Markets
Gold and oil prices surged Monday as U.S. and Israeli strikes on Iran escalated regional tensions, sending investors toward safe havens while equities declined.
FTSE 100's Prudential Eyes 44% Growth; NSE IPO Plan Unveiled
Prudential stands out in the FTSE 100 with unanimous Buy ratings and a potential 44.1% share price rise. The National Stock Exchange of India will conduct an IPO via an Offer for Sale on a rival exchange.
Morgan Stanley Plunges 6% as Inflation, Credit Fears Rattle Financials
Morgan Stanley shares tumbled 6.2% Friday, spearheading a decline in financial stocks amid persistent inflation worries and emerging credit anxieties. The broader market posted its worst monthly losses in a year.
Amazon Shares Dip Amid Reports of Potential $50 Billion OpenAI Investment
Amazon shares declined 1.4% to $207.81 Thursday morning following reports the company may invest up to $50 billion in OpenAI. The deal could include $15 billion upfront and $35 billion contingent on milestones like an IPO or achieving artificial general intelligence.