NVDA - What's Going On With Alibaba Stock Wednesday? | Benzinga
Alibaba Group Holding Limited (NYSE: BABA) stock is trading lower Wednesday in line with the broader index KraneShares CSI China Internet ETF (NYSE: KWEB) after the U.S. slapped stricter restrictions on China's access to advanced artificial intelligence chips from American technology companies like Nvidia Corp (NASDAQ: NVDA).
The embargo is a double whammy for China, already battling a weak economy and softness in the initial public offering market.
Meanwhile, the logistics arm of Alibaba's arch-rival JD.Com, Inc (NASDAQ: