Eddie Wu

Alibaba Group Holding (NYSE:BABA) announced plans on Thursday to generate $100 billion in annual external revenue from its combined cloud and AI businesses over the next five years. The Chinese cloud giant also disclosed the production progress of its T-Head chip unit for the first time. CEO Eddie...

On Tuesday, Alibaba Group Holdings (NYSE:BABA) CEO Eddie Wu pushed back on the AI bubble fears during the company's second-quarter earnings call. Surging Demand And Global GPU Shortages Underscore No-Bubble Outlook During the call, Wu addressed the AI bubble concerns, saying that both supply and...

Chinese e-commerce giant Alibaba Group Holding (NYSE:BABA) could highlight the growth of its AI products and new initiatives when it reports second-quarter financial results on Tuesday before the market opens. Here are the earnings estimates, what analysts are saying and key items to watch....

Alibaba Group Holding Ltd‘s (NYSE: BABA) (NYSE: BABAF) stealth AI expansion may be Wall Street's blind spot—but it's Nvidia Corp's (NASDAQ: NVDA) margin moat that's directly in the crosshairs. CEO Eddie Wu has pledged to surpass the company's $53 billion AI investment as demand for compute...

Editor’s Note: The story's headline has been updated to correct a typo. On Wednesday, Cathie Wood-led Ark Invest executed significant trades involving Alibaba Group Holding Ltd (NYSE: BABA), Advanced Micro Devices Inc. (NASDAQ: AMD), and Tempus AI Inc....

U.S. stocks slipped on Wednesday, with the Nasdaq losing more than 75 points, or 0.3%, to close at 22,497.85. The Dow Jones Industrial Average declined 0.37% to 46,121.28, while the S&P 500 eased 0.3% to 6,637.97. These are the top stocks that gained the attention of retail traders and...

Shares of Chinese e-commerce giant, Alibaba Group Holding Ltd. (NYSE:BABA), are surging amid 24-hour trading on Robinhood. The stock rose 7.98% to $176.10 on the platform popular with retail traders. Alibaba Stock Is Spiking In Hong Kong The stock is also spiking on the Hong Kong Stock Exchange,...

Alibaba Group Holding Ltd (NYSE:BABA) (NYSE:BABAF) has just raised the stakes in the U.S.–China tech rivalry. The Chinese e-commerce and cloud giant has unveiled a new AI chip designed to reduce reliance on Nvidia, Washington's favorite export-turned-bargaining chip. Once one of NVIDIA Corp's (...

Alibaba Group Holding Limited (NYSE:BABA) shares have been on a broad consolidation move since bottoming in late October 2022. The company is still reeling from the impacts of regulatory clampdowns and lackluster domestic economic growth. As the Jack Ma-founded company prepares to release its...

In a recent announcement, Alibaba Group Holding Ltd. (NYSE:BABA) on Wednesday confirmed that its CEO, Eddie Wu, will take over the reins of the company’s primary e-commerce business. This decision comes amidst concerns over the company’s slowing growth and marks a significant change in...

Stocks were falling on Tuesday as investors await remarks from several Federal Reserve officials this week and more clarity from Fed Chair Jerome Powell in his testimony before the Congress on Wednesday and Thursday. Meanwhile, U.S. Treasuries rallied, with yields dropping by about 10 basis points...

Alibaba Group Holding Ltd (NYSE:BABA) shares are trading lower in the pre-market session on Tuesday. The stock’s movement comes in the wake of the company’s announcement of a new CEO and the continuation of its restructuring plan. What’s Going On: On Monday, Alibaba announced that...