#alibaba

US Top News and Analysis | What you need to know about Nvidia competitor Cerebras after wild IPO AI generated summary, Read the full article for complete information. Cerebras Systems’ blockbuster IPO, which closed with a market cap just under $100 billion, underscores the exploding demand for AI chips that can serve as alternatives to Nvidia’s GPUs. The Silicon Valley firm builds massive custom ASICs—its WSE‑3 chip is the size of a dinner plate, about 57 times larger than the biggest GPU and contains roughly 50 times more transistors—designed for faster inference rather than the training tasks that Nvidia’s general‑purpose GPUs excel at. After the IPO, Cerebras began operating its chips inside its own data‑center cloud, positioning itself against hyperscalers and other ASIC specialists such as Groq, SambaNova, D‑Matrix and Rebellions. The offering made two of its co‑founders billionaires and paves the way for further ASIC‑focused startups to go public as the AI hardware market rapidly expands. Read more: https://www.cnbc.com/2026/05/15/nvidia-cerebras-stock-price-ipo.html #Nvidia #Cerebras #Meta #Alibaba #Google #Microsoft #OpenAI #AndrewFeldman #SeanLie #TSMC #

US Top News and Analysis | Stocks making the biggest moves midday: Akamai Technologies, Micron, Nebius, Alibaba & more AI generated summary, Read the full article for complete information. Midday trading saw a broad rally in chip stocks, with the VanEck Semiconductor ETF (SMH) gaining more than 1% and companies such as Micron Technology (+3%), On Semiconductor (+10%), Marvell Technology (+7%) and Nvidia (+2%) all advancing. Akamai Technologies jumped almost 7% after Bank of America upgraded the stock and highlighted its transition to an AI‑infrastructure platform. AI‑focused cloud firm Nebius surged 16% on a 684% revenue jump to $399 million and the announcement of a new AI factory in Pennsylvania. U.S.–listed Alibaba climbed 6% after reporting a 38% increase in first‑quarter cloud revenue and expanded AI investments. EchoStar rose 4% following FCC approval of a $40 billion spectrum sale to AT&T and SpaceX, while energy company Nextpower gained 12% after raising its full‑year revenue outlook to $3.8‑$4.1 billion. Conversely, Birkenstock fell over 10% and Resideo Technologies dropped 17% after missing earnings and revenue forecasts, respectively. Photonics names benefitted from the AI theme, with Coherent up 6%, Lumentum up more than 2% and Corning up nearly 2%. Wix.com tumbled 30% after reporting earnings of 68 cents per share, well below expectations. Read more: https://www.cnbc.com/2026/05/13/stocks-making-the-biggest-moves-midday-akam-mu-nbis-baba.html #AkamaiTechnologies #MicronTechnology #Alibaba #Nvidia #ATT #SpaceX #Birkenstock #Wixcom #ResideoTechnologies #Corning #

Sweden Herald - Latest Sweden News | E-commerce giant Alibaba reports unexpectedly weak fourth-quarter sales by Sweden Herald AI generated summary, Read the full article for complete information. Chinese e‑commerce giant Alibaba reported weaker‑than‑expected fourth‑quarter results, with revenue rising 3 % to 243.4 billion yuan—below analysts’ consensus of 246.5 billion yuan—while net profit essentially doubled to 25.5 billion yuan. The Hangzhou‑based conglomerate raised prices for its AI and cloud services during the quarter and, according to CEO Eddie Wu, aims to lift revenue from that segment to 100 billion yuan per year within five years. After the report, Alibaba’s stock fell about 3 % in Wall Street futures trading. Read more: https://swedenherald.com/article/ecommerce-giant-alibaba-reports-unexpectedly-weak-fourthquarter-sales #Alibaba #EddieWu #WallStreet

US Top News and Analysis | Alibaba's core profit plunges 84% even as AI and cloud growth accelerate AI generated summary, Read the full article for complete information. Alibaba reported a dramatic 84 % drop in its core profitability for the March quarter, with adjusted earnings before interest, taxes and amortization (EBITDA) falling to 5.1 billion Chinese yuan (about $751 million) as the company continued heavy spending on technology and e‑commerce initiatives. Despite the steep decline, the firm noted that its AI and cloud businesses are still accelerating. The news initially lifted Alibaba’s U.S.-listed shares in pre‑market trading, but they later slipped, ending the session down roughly 3.4 %. Read more: https://www.cnbc.com/2026/05/13/alibaba-earnings-march-quarter-ai-cloud-growth.html #Alibaba #AI #cloudservices #

US Top News and Analysis | AI super rally has retail investors acting the most aggressive since trading frenzy during Covid AI generated summary, Read the full article for complete information. Retail traders are showing their most aggressive bullish behavior since the Covid‑driven surge, snapping up call options on Cboe’s “Mag 10” stocks (the seven mega‑caps plus AMD, Palantir and Broadcom) at the strongest 10‑day pace since 2021, with 52% of new positions being call‑buys and only 17% call‑sells, indicating a shift away from hedging. Call premiums on out‑of‑the‑money Nasdaq‑100 contracts have risen to a 52‑week high, and the index has set a new record, up more than 16% year‑to‑date, propelled by a semiconductor rally that now comprises nearly 20% of the S&P 500. This concentration has driven options traders toward single‑stock bets, widening the Cboe S&P 500 Constituent Volatility Index relative to the VIX, while Robinhood data shows retail investors heavily buying tech giants such as Nvidia, Tesla, Micron, AMD and Microsoft and shorting laggards like Costco, UnitedHealth and Alibaba. Read more: https://www.cnbc.com/2026/05/12/ai-super-rally-has-retail-investors-acting-the-most-aggressive-since-trading-frenzy-during-covid.html #MandyXu #SteveQuirk #Cboe #Robinhood #Nvidia #Tesla #AMD #Microsoft #Alibaba #Nasdaq_100 #

Sweden Herald - Latest Sweden News | GameStop makes $55.5 billion bid for eBay by Sweden Herald AI generated summary, Read the full article for complete information. GameStop has submitted a $55.5 billion offer—about 510 billion kronor—to acquire eBay at roughly $125 per share, and it plans to slash the e‑commerce platform’s costs by $2 billion in the first year after the takeover; eBay has not yet responded to the bid. Read more: https://swedenherald.com/article/gamestop-makes-555-billion-bid-for-ebay #GameStop #eBay #Amazon #Alibaba #businessnews

US Top News and Analysis | China’s EV price war turns into AI arms race beyond cheaper cars AI generated summary, Read the full article for complete information. China’s electric‑car market, already in the grip of a protracted price war, is now shifting to a “feature war” centered on in‑car artificial‑intelligence systems. More than 50 Chinese brands have adopted ByteDance’s Doubao AI, which now powers 145 models and over seven million vehicles, while Alibaba’s Qwen AI is being rolled out in BYD and a Volkswagen joint‑venture to enable voice‑driven services such as food‑order and hotel booking. The rush to add AI‑driven cockpit technology—easily updated over‑the‑air—is forcing automakers to compete on rapid feature deployment rather than on price alone, yet analysts warn that these capabilities quickly become commoditized. Consequently, firms like Nio are seeking differentiation through premium “outside‑of‑the‑car” experiences, exclusive clubs and high‑end interiors, as the industry looks for new ways to stand out in an increasingly homogeneous AI‑laden market. Read more: https://www.cnbc.com/2026/05/01/china-ev-ai-features-price-war-bytedance-alibaba-doubao-volcano-engine.html #ByteDance #Alibaba #Nvidia #StephenDyer