Alibaba Leverages AI To Boost Global E-Commerce Growth: Report
Alibaba Group Holding (NYSE:BABA) is reigniting its effort to expand internationally, leveraging artificial intelligence to support this goal.The e-commerce giant is integrating its generative AI
US stocks hit a new high, with Nvidia up 2.3% leading the technology stocks, Apple reaching a seven-day high, Tesla stalled, and Baidu ADR continued to rise by nearly 6.2%.
The S&P and Nasdaq rose for seven consecutive days, while the Dow fell several times in a short period of time; Nvidia rose nearly 2.3%, leading the seven big tech sisters, and Apple hit a new high for seven consecutive days, ranking first in market cap; Tesla stopped its ten-day rise after a car caught fire; Baidu ADR rose nearly 6.2% at one point, continuing its over 8% rise from the previous day. It is said that Baidu's subsidiary, Luobu Kuai Pao, is expected to achieve profitability in 2025.
Baidu Climbs After Beijing Proposes Draft Rules for Robotaxis - Report
Baidu's (NASDAQ:BIDU) stock jumped about 10% in Hong Kong on Wednesday after Beijing authorities said on Tuesday that they will support the introduction of robotaxis in ride hailing and car rental fleets in the city, Bloomberg News reported.
Alibaba.com Names Tony Parker as Global Ambassador for Paris 2024 Olympics
Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce, today announced Tony Parker as a Global Ambassador for its "Same Player, New Game" creative campaign for the Olympic
China Dominates Global Generative AI Adoption As Local Startups Face Fierce Competition From The Likes Of Alibaba And Baidu
China has emerged as the global frontrunner in the adoption of generative AI, according to a survey, conducted by SAS and Coleman Parkes Research.What Happened: The survey, which included 1,600
The Hang Seng Tech Index rose 2%, with the concept of self-driving cars bucking the trend and increasing significantly, and Baidu rose 10%.
The A-share market opens low, with self-driving cars and lithium mining concepts on the rise, Zhengzhou Tiamaes Technology and Dongjian Technology both hit the limit up. The Hong Kong stock market opens high and goes up, with network technology stocks leading the way and Baidu rising by 10%.
Options Market Statistics: Tesla Hits 10-Day Winning Streak, Closes at 9-Month High, Options Pop
News Highlights
Alibaba Using Gen AI Tools to Help Foreign Merchants - Report
Alibaba's (NYSE:BABA) international e-commerce unit is using generative AI-backed tools to help foreign merchants with translation, content creation and product returns, Reuters reported, citing group vice president Kaifu Zhang.
US stocks hit new highs, with Nvidia up 4.4% leading the technology stocks, Tesla rising for ten consecutive days, and Apple having the highest market cap.
The Nasdaq and S&P 500 large caps hit a new intraday high again, while the Dow Jones weakened; the US stock market's "Seven Sisters" rose except Microsoft, with Nvidia leading the gains, up nearly 4.4%, while Tesla rose more than 2% for ten consecutive days; Apple rose more than 0.6% and still has the highest market cap; chip stocks generally gave back more than half of their gains after rising, Arm Holdings and KLA Corp hit new intraday highs again; Chinese concept stocks index rose.
Jim Cramer Says He Will Pay No Amount For This Energy Stock, Calls Ferguson A 'Very, Very Good' Company
On CNBC's "Mad Money Lightning Round," Jim Cramer said Ferguson plc (NYSE:FERG) is a "very, very good" company. However, he recommends Trane Technologies plc (NYSE:TT) or Carrier Global Corporation (
Why Do Chinese Stocks Keep Faltering?
BofA Securities China Equity Strategist Winnie Wu says that's due to a combination of factors, including pressures on China's economy and company earnings, as well as a tense geopolitical environment. She says investors should trim SOE holdings and add quality beta stocks.
Is the second bull market really here? The Nikkei rose 2% and hit a new high again.
Is the Japanese stock market starting a new bull market?
US stocks hit new highs, with Apple's market cap surpassing Microsoft's, Tesla rising for the ninth consecutive day, silver futures falling by 3% at one point, and French stocks opening high and falling low.
Waiting for this week's US CPI and PPI inflation and Powell's congressional hearing. The New York Fed survey found that Americans' inflation expectations have fallen for two consecutive months, and the market is still betting on two interest rate cuts later this year. The S&P and Nasdaq have hit new highs for at least four days in a row, and Apple's market cap has surpassed Microsoft to become the largest company. Nvidia's increase has been cut in half after a nearly 4% increase, and TSMC briefly rose more than 4.8% in market cap, breaking the $1 trillion barrier. AI concept stocks such as Arm and Oracle also hit new highs and Intel and Super Micro Computer rose more than 6%. The Chinese concept stock index fell 1%, Xpeng Motors fell more than 6%, and Niu Technologies rose 16%. The second round of the French parliament elections unexpectedly ended without any political party obtaining an absolute majority, and European stocks rose but fell in the final session. The euro and French bond yields also opened high
What's Going On With Google Parent Alphabet Monday?
Google parent Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is trading lower Monday amid reports of Microsoft Corp (NASDAQ:MSFT) urging its employees in China to use Apple Inc (NASDAQ:AAPL) iPhones for wo
China's AI Leaders Alibaba and SenseTime Showcase Breakthroughs at Shanghai Conference
Alibaba Group Holding Limited (NYSE:BABA) and SenseTime highlighted significant progress in artificial intelligence at the World Artificial Intelligence Conference (WAIC) in Shanghai, signaling intens
Nio Faces Bearish Option Position as Stock Tumbles Along With EV Peers
Nio saw a financial giant take a bearish position on the stock after the European Union announced it's imposing provisional duties on Chinese electric vehicle makers.
Stock of the Day: Baidu — Will Buyer's Remorse Turn Support Into Resistance?
There are only a few guarantees in the stock market. One is that it is always trending. It is either going up, down, or sideways. Another guarantee is that sooner or later the trend will change.Shares
What's Going On With Chinese AI Stocks Alibaba, Baidu, JD On Friday?
Chinese tech stocks, including Alibaba Group Holding Limited (NYSE:BABA), Baidu, Inc (NASDAQ:BIDU), and JD.Com, Inc (NASDAQ:JD), are trading lower Friday after Baidu intensified domestic artificial in
7 Analysts Have This To Say About NetEase
Across the recent three months, 7 analysts have shared their insights on NetEase (NASDAQ:NTES), expressing a variety of opinions spanning from bullish to bearish.The following table provides a quick o
NetEase Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/05/2024 4.25% Morgan Stanley $100 → $100 Maintains Equal-Weight 06/27/2024 4.25% Morgan Stanley $100 →