WMT - What's Going On With Alibaba Stock Monday? | Benzinga
Alibaba Group Holding Limited (NYSE: BABA) stock is trading lower Monday at par with the broader index KraneShares CSI China Internet ETF (NYSE: KWEB) amid reports of tighter U.S. curbs on technology exports to China and the worsening Israel-Hamas war.
U.S. eyes stricter regulations on selling graphics chips for artificial intelligence purposes and advanced chip-making equipment to Chinese companies.
The rules could pose a significant deal breaker for China's AI ambitions as companies, including Alibaba and Baidu, Inc (NASDAQ: