Alibaba shares fall premarket on fears of US crackdown on Nvidia chips
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Alibaba (NYSE:BABA) stock fell nearly 4% in Thursday premarket trading as U.S. scrutiny of Nvidia (NVDA) chips and next week's earnings weighed on sentiment. The drop followed a wider sell-off in Chinese AI stocks. In Hong Kong, Alibaba…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishTighter US chip enforcement could limit Chinese cloud access to AI hardware and weighs on the sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Alibaba fell nearly 4% in Thursday premarket trading.
- 02In Hong Kong, Alibaba shares slid as much as 7.3%, Bloomberg reported.
- 03UOB Kay Hian analyst Julia Pan said Chinese cloud companies have stockpiled chips since early 2026.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Alibaba Group Holding Limited94.77 USD+0.14%today -6.65%Negative NVIDIA Corporation164.24 USD+0.40%today -5.47%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets