Alibaba priced an 80 billion Hong Kong dollar placement of 710 million new shares. Net proceeds will fund its full-stack AI capabilities, including expanded AI infrastructure.
The article examines Jensen Huang's June 8 comment that investors could buy Nvidia at a discount. It compares the statement with historical evidence on how often CEOs who publicly call a market bottom are correct.
Asian stock markets traded mostly lower on Tuesday following mixed cues from Wall Street. South Korean markets led regional declines amid weakness in semiconductor stocks on AI spending concerns.
Equity markets are under pressure while oil prices rise as traders assess geopolitical risks tied to Iran. Attention is also focused on upcoming Nvidia results.
German broker Scalable has opened its investment platform to major AI chatbots. The move expands access to its services through conversational AI interfaces.