In the latest trading session, Alibaba (BABA) closed at $72.99, marking a +1.78% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.15%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.32%.Shares of the online retailer witnessed a loss of 4.21% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 1.12% and the S&P 500's gain of 1.65%.Analysts and investors alike will be keeping a close eye on the ...

The company has cut prices by an average of 23% for around 500 cloud product specifications for customers in 13 countries, including Japan, Indonesia, the United Arab Emirates and Germany, the report said.Bloomberg notes that Alibaba CEO Eddie Wu has been leading an effort to overhaul and revamp the company’s main business, which includes an eCommerce unit. Last fall, Alibaba set aside plans to take its cloud business public.“Given the uncertainties in the current environment, following evaluation, we have ...

Key TakeawaysAlibaba on Monday slashed prices for international cloud customers as it tries to take advantage of artificial intelligence (AI) product demand.The cuts will average about 23%, although some could be as much as up to 59%.Alibaba explained that the move was part of its "AI first strategy." Chinese conglomerate Alibaba Group Holdings' (BABA) cloud division on Monday announced big price cuts for its international customers as it tries to increase its reach into artificial intelligence (AI).  Aliba ...

China is home to one of the biggest economies in the world, and after lifting its long, strict COVID regulations, it is on the rebound. Despite slow growth in the second half of last year, which caused many stocks to take a hit, some stocks have still persevered and produced excellent results. These three Chinese stocks have managed to overcome the economic difficulties affecting industries and continue to hold some of the best buy ratings for this year. Investors should consider these stocks for their pote ...

The stock is arguably a buy for the risk tolerant investor.Alibaba (BABA 0.59%) announced on April 2 that it made $4.8 billion in share repurchases in the first quarter of 2024, the second-largest quarterly share buyback in its history. This is likely a down payment on the $25 billion increase in the share buyback program revealed in its fourth-quarter 2023 earnings announcement in February.However, the market's reaction to this news was tepid, and as of this writing, the stock has fallen on the news. This ...

The massive Chinese tech company is ramping up spending on its own shares.Sprawling Chinese tech company Alibaba Group (BABA -0.40%) hasn't been all that mighty on the U.S. stock market of late. The company's stock has underperformed market indexes significantly and continues to suffer as the market shows a lack of interest in Chinese titles.That presents an opportunity to buy it at a discount, in the view of a Morgan Stanley pundit. While he's not exactly bullish on the company, he does feel its share pric ...

China’s e-commerce giant Alibaba (NYSE:BABA) is down 30% over the last 12 months and has lost more than three-quarters of its value since the pandemic high in 2020. China’s slowing economy, rising competition and attempts at entering new verticals haven’t always worked out as expected. Alibaba stock could be in trouble.Trading at such discounted valuations, investors wonder whether now is a good time to scoop up Alibaba stock cheap or will they be catching a falling knife? Amid the gloom surrounding the onl ...

Robert Way Alibaba Group Holding Limited (NYSE:BABA) was a stock I first seriously considered buying a few years ago when a friend in Zurich (who worked in finance) said it was one of her top ideas. I ended up buying some shares of this leading tech company and the stock went up. I sold it (a bit too early) and I watched it go even higher to around the $300 level. Since then I have been very firm about not buying any Chinese stocks and that has been a smart decision since there has been a major decline for ...

Renowned investor ‘The Big Short,’ Michael Burry, celebrated for his lucrative investments during the 2008 recession where he accurately foresaw the housing market collapse, is poised to reap substantial gains from his confidence in Alibaba Group Holdings (NYSE: BABA) stock following recent developments.Specifically, Alibaba announced its repurchase of shares totaling $4.8 billion in the quarter ending March, marking its second-largest buyback ever and largest quarterly after bolstering its stock buyback pr ...

U.S.-listed shares of China-based e-tailer Alibaba Group Holding Ltd (NYSE:BABA) are 0.8% lower at $72.80 at last glance, following news that the company bought back shares worth $4.8 billion -- its second largest repurchase ever. BABA is underperforming in 2024, down 6.1% year to date, and a historically bearish signal is flashing that could keep headwinds blowing. Specifically, Alibaba stock just pulled back within one standard deviation of its 100-day moving average after mostly trading above the trendli ...