Alibaba Group Holding has emerged as a major backer of Moonshot AI, one of China's hottest artificial intelligence (AI) start-ups, holding a 36 per cent stake in the firm, according to the e-commerce giant's annual report. Alibaba has "invested a total of approximately US$0.8 billion (about RMB5.9 billion) for an approximately 36 per cent equity interest" in Moonshot AI in the past fiscal year 2024, the company said in its annual report filed with the Hong Kong stock exchange on Thursday. That v
Tech stocks were looking to rebound early Friday after even Nvidia’s stellar earnings couldn’t prevent broader losses in the previous session.
ARGT, IWM, BIT, NVIDIA, Alibaba and JD.com are part of the Zacks Investment Ideas article.