Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Instagram Outage Disrupts Thousands of U.S. Users 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
Google Cloud and Liberty Global Forge Strategic AI Partnership to Transform European Telecom Services 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Alibaba Group’s Hong Kong shares (HK:9988) soared 11% on Friday, reaching HK$133.90—its highest level since early 2022—after reporting strong December quarter earnings. The e-commerce giant’s impressive performance drove a broader rally in Chinese tech stocks, pushing the Hang Seng Index up over 2%.
Alibaba exceeded revenue expectations and announced plans to ramp up investments in e-commerce and artificial intelligence. Alibaba Cloud, a key driver of the firm’s AI strategy, saw increased demand. The company also confirmed a partnership with Apple (NASDAQ:AAPL) to enhance AI features in iPhones sold in China.
Additionally, a Wall Street Journal report revealed that GameStop (NYSE:GME) CEO Ryan Cohen had amassed a $1 billion stake in Alibaba in recent months, further fueling investor optimism.
Alibaba’s surge lifted shares of Chinese tech giants, with Baidu (NASDAQ:BIDU) (HK:9888) rising 2%, Tencent (HK:0700) gaining 3.4%, and JD.com climbing 2.6%. Investors are increasingly betting on China’s AI potential, particularly after the release of DeepSeek AI.
Alibaba, a leader in China’s AI race, launched a new AI model in January and integrated DeepSeek support into its cloud platform. With strong AI momentum and positive market sentiment, Alibaba continues to strengthen its position in the tech sector.
