Alibaba Stock Surges on New Nvidia Partnership
BABA(BABA) Schaeffers Investment Research·2024-09-24 03:22
Alibaba Group Holding Ltd - ADR (NYSE:BABA) and semiconductor giant Nvidia (NVDA) recently announced they are collaborating on an advanced autonomous-driving solution for Chinese automakers using artificial intelligence (AI). Below, we will take a look at how BABA is reacting, and check on its China-based peers Baidu Inc (NASDAQ:BIDU) and JD.Com Inc (NASDAQ:JD).BABA is up 2.1% to trade at 91.14, breaking above a ceiling at the $86 level. The 40- ...