Alibaba Group Holding Ltd.'s $10 billion share placement, intended to fund its AI ambitions, has failed to reassure investors, with the stock nearly 6% below its pre-deal close despite co-founder Jack…
Rising long-term Treasury yields, not hype, pose the biggest risk to AI valuations, according to Gary Tan, portfolio manager at Allspring Global Investments, who spoke on The Business Times' Market Fo…
Alibaba Group Holding Ltd. shares surged 36% in Hong Kong this quarter, topping the Hang Seng Tech Index, on bets it can beat rivals in the AI market ahead of its results due Thursday. The company is …
CXMT, China's largest memory-chip maker, overtook Tencent Holdings as the world's most valuable Chinese company, with its market capitalization reaching US$524 billion versus Tencent's US$510 billion,…
Asian semiconductor stocks plunged for a second straight day on Wednesday, with Seoul's Kospi index falling 12.6% at one point after SK Hynix reported record profits that missed investor expectations,…
Asian stocks sank on Wednesday, extending a sell-off as anxiety about artificial intelligence valuations and spending returns rattled investors ahead of big tech earnings and a US Federal Reserve poli…