Alibaba slides on discounted share sale, chipmakers dip premarket

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โดย Investing.com·CNUS·Read original
Summary · why it matters

Alibaba's U.S.-listed shares dropped 3.4% in premarket trading after the Chinese e-commerce giant launched a $10.2 billion share sale at a steep discount to fund its AI investments. The move added to broader investor unease over how AI spending is straining hyperscalers' free cash flow. Most chipmakers declined, with Sandisk down 5%, Seagate off 3.2%, and Coherent down 4.7%, while Nvidia gained 0.1% ahead of its earnings report Wednesday. Birkenstock gained over 3%, rebounding from near its 52-week low after last week's fiscal third-quarter results showed revenue of €719.5 million, above forecasts, and raised full-year revenue growth guidance of 15% in constant currency. PulteGroup gained 2.1% after Wolfe Research upgraded the homebuilder to Outperform from Peerperform, citing superior earnings durability versus peers.

Impact on stocks 11

Artificial Intelligence▼ · 6 stocks
Alibaba Group Holding Ltd
9988
▼ NegativeCapitalrelevance

Alibaba launches $10.2 billion discounted share sale to fund AI investments, causing shares to drop 3.4%.

Coherent Inc
COHR
▼ NegativeDemandrelevance

Chipmakers dip on AI spending concerns, impacting Coherent.

Consumer Discretionary▲ · 2 stocks
PulteGroup Inc
PHM
▲ PositiveCapitalrelevance

Upgraded to Outperform by Wolfe Research citing earnings durability.

Semiconductors▼ · 1 stocks
Sandisk Corp
SNDK
▼ NegativeDemandrelevance

Sandisk down 5% amid chipmaker decline on AI spending concerns.

Cloud & Digital Infrastructure▼ · 1 stocks
Financials▲ · 1 stocks

Theme Impact 4

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