After Alibaba, China’s Top Memory Chipmaker CXMT Sues Pentagon Over Chinese Military Company Label
CXMT sued the Pentagon to challenge its Chinese military company designation, calling it unsupported and damaging.
Read original at benzingaStocks · News reference
Susquehanna Maintains Positive on Alibaba Gr Hldgs, Raises Price Target to $190
Susquehanna analyst Shyam Patil maintains Alibaba Gr Hldgs (NYSE:BABA) with a Positive and raises the price target from $185 to $190.
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Nvidia Agrees to Acquire Hugging Face For $12.9 Billion In One of Its Largest Acquisitions So Far As It Expands Control Of Open-Source AI Models: Report
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 benzingaStock Market Midday, Aug. 26: Markets Muted as Investors Await Nvidia Earnings
Major 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-fool