BABA(US:BABA) 21世纪经济报道·2025-08-29 15:04Market Overview - The US stock market showed mixed performance with the Dow Jones down by 159.07 points (-0.35%), Nasdaq down by 212.50 points (-0.98%), and S&P 500 down by 40.72 points (-0.63%) [1] - Major tech stocks experienced declines, with Nvidia dropping nearly 3% and Tesla down nearly 2% [1] Individual Stock Performance - Dell Technologies saw a significant drop of 10.11%, with a current price of $120.502 and a market cap of $81.8 billion [3] - Micron Technology also faced a sharp decline, with a drop exceeding 16% [2] Chinese Stocks - Chinese stocks collectively rose, with the China Golden Dragon Index increasing by nearly 1.7% [5] - Alibaba's stock surged over 11.74%, reaching a price of $133.611, following the release of its Q1 FY2026 earnings report, which showed a 10% year-over-year revenue growth and a 76% increase in net profit [6][7] Earnings Reports - Alibaba's cloud revenue grew by 26% year-over-year, marking a three-year high, driven by AI applications [7] - Dell's Q3 adjusted EPS guidance was lower than market expectations, with a median estimate of $2.45 compared to the anticipated $2.51 [2] Cryptocurrency Market - The cryptocurrency market experienced a significant downturn, with Bitcoin dropping by 3.67% and Ethereum by over 6% [8] - Over the past 24 hours, the total liquidation amount in the crypto market reached $536 million, affecting over 140,000 traders [10]