BABA(US:BABA) Xin Lang Cai Jing·2025-09-11 14:01Market Overview - On September 11, US stock indices collectively rose, with the Dow Jones up 0.42%, Nasdaq up 0.26%, and S&P 500 up 0.30% [3] Company News - Micron Technology surged over 10% after Citigroup raised its target price from $150 to $175 [5] - Oracle experienced a drop of over 3% after a significant increase of 36% in the previous trading day, resulting in a market cap increase of approximately $250 billion [7][12] - Alibaba's stock rose over 3% following the announcement of a $3.17 billion convertible bond issuance maturing in 2032 [8] - Oracle's stock price spike was attributed to a $300 billion computing power procurement contract signed with OpenAI, marking one of the largest cloud contracts in history [12] - Novo Nordisk announced a major restructuring plan involving the layoff of 9,000 employees, approximately 11.5% of its workforce, following a CEO change [12] - Amazon is entering the AR glasses market, developing two models, one for delivery personnel and another for consumers, amid increasing competition in the sector [13] - Robinhood plans to launch a new platform called "Robinhood Social" to allow users to track the trading activities of other investors, expected to launch in early next year [13] - Alibaba's recent initiatives aim to enhance its local services business, particularly targeting Meituan's core operations [13]