Stocks to Watch Tuesday: Alibaba, Alphabet, Nio, TSM
↘️ Alibaba (BABA): The Chinese e-commerce leader recorded a 34% jump in quarterly cloud-business revenue, driven by surging demand for AI services. However, its American depositary receipts slipped 2% Tuesday morning.
↗️ Alphabet (GOOGL, GOOG): Facebook owner Meta Platforms (META) is in talks to spend billions on Google’s AI chips, the Information reported, as Google steps up efforts to compete directly with Nvidia. Shares in Meta and Alphabet gained.
