Alibaba Sinks 7% as a 75% Capex Surge Swallows 45% Cloud Growth; Baidu Ticks Up
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The post Alibaba Sinks 7% as a 75% Capex Surge Swallows 45% Cloud Growth; Baidu Ticks Up appeared first on 24/7 Wall St..
Friday’s action in Chinese internet stocks is an Alibaba-specific repricing, not a sector selloff. The proof sits with peers, where the benchmark ETF and largest e-commerce competitors are barely moving while Alibaba absorbs the reaction to its AI infrastructure bill.
Alibaba (NYSE:BABA) stock is down 7% to $121.17 in Friday morning trading, reversing Thursday’s r
Friday’s action in Chinese internet stocks is an Alibaba-specific repricing, not a sector selloff. The proof sits with peers, where the benchmark ETF and largest e-commerce competitors are barely moving while Alibaba absorbs the reaction to its AI infrastructure bill.
Alibaba (NYSE:BABA) stock is down 7% to $121.17 in Friday morning trading, reversing Thursday’s r
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