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JPMorgan downgraded Nike's rating and cut price target due to expected financial impact of Win Now decisions in fiscal 2027-2028.
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Nvidia reportedly agrees to acquire Hugging Face for $12.9 Billion, expanding its AI reach as OpenAI and Anthropic seek GPU alternatives.
Read original at benzingaMajor stock indexes traded mixed on Aug. 26, 2026, as July inflation data came in hotter than expected at 3.7%, weighing on sentiment. The S&P 500 was essentially flat while the Nasdaq and Dow declined slightly. Investors are awaiting Nvidia's after-hours earnings report, which could provide insights into the sustainability of the AI boom. Notable movers included Meta Platforms following a $17 billion legal settlement, Abercrombie & Fitch surging 40% on strong earnings, and Alibaba declining on a $10 billion share placement announcement.
Read original at the-motley-foolhttps://www.alizila.com/alibaba-launches-qwenwork-international-edition-extending-its-all-in-one-workplace-ai-agent-to-global-markets/
Read original at benzingahttps://www.scmp.com/tech/big-tech/article/3365217/jack-ma-buys-hk600-million-alibaba-shares-signalling-ai-confidence-sources
Read original at benzingaAlibaba ($BABA) stock drops premarket on a $10B share placement. Analyst Nicholas Mugalli calls the move the 'ultimate white flag'.
Read original at benzingaMichael Burry said he has no plans to move his JD.com stake back to Alibaba after its $10 billion share sale sank shares nearly 10%.
Read original at benzinga