NVDA - What's Going On With Alibaba Stock Tuesday? | Benzinga
Alibaba Group Holding Ltd (NYSE: BABA) stock is trading lower Tuesday in line with the broader index IShares China Large-Cap ETF (NYSE: FXI).
The company is embarking on a strategic shift under its new CEO, Eddie Wu.
Wu's vision, outlined in a memo to staff, emphasizes an AI-first approach and an unwavering focus on user experience.
Also Read: Alibaba Elevates AI War with Advanced Open-Source Models
While Alibaba boasts hundreds of millions of users, it has faced growing competition from companies like ByteDance Ltd in social media and Baidu Inc (NASDAQ: BIDU) in AI.
Alibaba ...