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BABA News30 articles
China Shuts Down Unauthorized Cross-Border Stock Trading Platforms
China's securities regulator has ordered Tiger Brokers, Futu Securities, and Longbridge Securities to wind down unauthorized cross-border trading for mainland clients, citing illegal operations. Shares of Futu and UP Fintech plunged over 30% in U.S. premarket trading.
Asian Markets Rally on US-Iran Talks, Nikkei Nears Record
Asian shares advanced Friday, with Japan's Nikkei jumping 2.8% toward a record high, fueled by hopes for US-Iran diplomacy, while oil remained near $105 and the yen stayed weak.
Strait of Hormuz Tanker Traffic Resumes Amid Persistent Oil Supply Risks
Three supertankers moved 6 million barrels of crude through the Strait of Hormuz, but U.S. Navy warns area remains high risk. Brent crude fell 4% on Iran talks progress.
Baidu Surges on AI Cloud Strength Despite Advertising Decline
Baidu's U.S.-listed shares rallied over 3% premarket as Q1 revenue topped forecasts, with AI cloud revenue surging 49% to offset a 22% drop in online marketing.
Nvidia Slips 4.4% as AI Rally Pauses Ahead of Key Earnings Report
Nvidia shares dropped 4.4% to $225.32 Friday ahead of its fiscal Q1 earnings, trimming weekly gains to 4.7%. Options market implies a 7% swing post-earnings.
Nvidia Stock Slips as China H200 Chip Hopes Fade Before Earnings
Nvidia shares fell 2.8% to $229.12, snapping a seven-day rally, after U.S. Trade Representative Jamieson Greer indicated chip export controls were not discussed in Beijing, dampening hopes for H200 chip sales to China.
Nvidia Shares Jump on China Chip Approval, Shipments Yet to Begin
Nvidia shares surged 4.4% to a record after US officials approved sales of H200 AI chips to about 10 Chinese companies, though no shipments have started yet.
Wall Street Hits New Highs as AI Optimism Overrides Inflation Data
The S&P 500 and Nasdaq hit new intraday highs on Thursday, led by Nvidia and Cisco, despite April retail sales rising 0.5% and jobless claims increasing to 211,000.
Cisco's AI Surge Propels Futures Higher as Wall Street Eyes Inflation Data
U.S. stock futures rose early Thursday as Cisco's 19% premarket surge on AI demand and job cuts lifted tech stocks. Markets await April retail sales and jobless claims data.
Alibaba's AI Cloud Bet Drives Stock Surge Amid Profit Dip
Alibaba's cloud revenue surged 38% to 41.63 billion yuan, fueling a stock rally even as operating profit swung to a loss of 848 million yuan, highlighting the AI investment trade-off.
Nvidia's China H200 Sales Stalled Despite US Approval
US regulators have cleared Nvidia to sell its H200 AI chips to major Chinese companies, but no shipments have occurred as Chinese buyers hold off under Beijing's guidance.
Fervo Energy Soars 33% in Nasdaq Debut; AI Infrastructure Stocks Surge
Fervo Energy jumped 33% in its Nasdaq debut, raising $1.89 billion. AI infrastructure stocks surged, but Wix and Dynatrace dropped on spending worries.
Alibaba's AI Spending Faces Profitability Test Ahead of Earnings
Alibaba's ADRs edge up in premarket as investors await fiscal Q4 results. Revenue expected to rise to 282.44B yuan, but net profit projected to fall to 11.71B yuan.
JD.com Surges on Retail Margin Strength, Food-Delivery Losses Narrow
JD.com shares jumped 8.3% in Hong Kong as Q1 revenue and adjusted profit topped expectations, with retail margin expansion and reduced food-delivery losses offsetting a 53% net income drop.
10x Genomics Tumbles on Revenue Slide; Buffett Warns of 'Gambling Mood'
10x Genomics shares dropped 5.3% after Q1 revenue fell 2.6% year-over-year, while Warren Buffett cautioned investors against a 'gambling mood' driving unsustainable valuations.
Alibaba Shares Surge on AI Optimism Ahead of May 13 Earnings Report
Alibaba's U.S.-listed shares rose 6.6% to $141.04 on renewed AI interest. The rally precedes the company's March-quarter and fiscal-year earnings report due May 13.
Alibaba's AI Adoption Surges as Cloud Growth Key to Earnings Test
Alibaba's Accio Work AI tool reaches 230,000 businesses in one month. May 13 earnings will test if AI and cloud growth can counter weaker e-commerce margins.
Hormuz Crisis Looms Over Oil Markets as Physical Prices Surge
Brent crude slipped to $108.17 on Friday after Iran proposed talks, but the Strait of Hormuz remains disrupted, and physical crude grades trade near $130, signaling further price spikes ahead.
Microsoft's AI Spending Under Scrutiny Ahead of Q3 Earnings
Microsoft shares advanced 1.7% to $431.31 as Wall Street anticipates the company's upcoming earnings report, with particular attention on Azure performance and AI infrastructure investments. Bank of America reiterated its buy rating and $500 price target.
Amazon Deepens Anthropic Ties with Billions in New AI Investment
Amazon is injecting up to $25 billion in additional capital into AI developer Anthropic, which has pledged to spend over $100 billion on AWS over the next decade. The deal includes a massive commitment to Amazon's custom Trainium AI chips.
Meta's Q1 Earnings to Gauge AI Investment Payoff Amid Rising Costs
Meta Platforms will announce first-quarter financial results on April 29, as investors assess whether advertising gains can sustain the company's aggressive artificial intelligence investments.
Cocoa Prices Plunge on European Demand Slump, Asian Markets Mixed
Cocoa prices tumbled over 3% after weak European demand data, while Asian markets diverged with Hong Kong falling and India's Sensex gaining.
Hang Seng Rallies on Strong China GDP, Sigenergy Soars in Debut
Hong Kong stocks advanced sharply as China's first-quarter economic growth exceeded expectations, lifting the Hang Seng Index by 1.7%. Technology and electric vehicle battery shares were standout performers.
Global Markets Rally on Geopolitical Easing and Commodity Surge
Global equities and commodities advanced sharply on April 16, 2026, driven by optimism over easing Middle East tensions and a weaker U.S. dollar. Cotton futures rallied over 90 points, while Hong Kong's Hang Seng TECH Index jumped nearly 3% and Indian benchmarks surged.
Cocoa, Coffee, and Sugar Rally Amid Supply Shocks and Dollar Weakness
Commodity markets saw significant moves with cocoa, coffee, and sugar prices climbing due to supply constraints and a weaker dollar. Equities in India and Hong Kong rallied on easing geopolitical tensions.
Markets Rally on Geopolitical Hopes; AI and Growth ETFs Advised for Young Investors
Equities advanced on optimism for a resolution to the Iran conflict, while a market veteran recommends young investors allocate monthly funds to Vanguard's VGT and VUG ETFs for long-term growth.
Intel Buys Back $14.2B Stake in Irish Fab, Bolstering AI Strategy Ahead of Earnings
Intel has regained full ownership of its Fab 34 facility in Ireland through a $14.2 billion buyback of Apollo's stake. The move strengthens Intel's manufacturing control as it prepares to report quarterly results and advance its AI initiatives.
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.