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Yahoo
3 hours ago
- Business
- Yahoo
Alibaba Just Made the First AI-Powered Glasses. Should You Buy, Sell, or Hold BABA Stock Here?
Chinese internet and e-commerce giant Alibaba (BABA) has stepped into the smart glasses arena with the introduction of its Quark AI glasses, slated for release in China by the end of 2025. Powered by Alibaba's advanced Qwen large language model and its Quark AI assistant, these glasses feature a built-in camera and offer hands-free calling, music streaming, real-time language translation, and automatic meeting transcription. The move underscores Alibaba's commitment to strengthening its presence in China's rapidly evolving AI industry, putting it in direct competition with international giants like Meta Platforms (META) and Xiaomi (XIACY) in the fast-growing market for AI-enhanced wearable technology. More News from Barchart Morgan Stanley Says Nvidia Has 'Exceptional' Strength. Should You Buy NVDA Stock Here? Dear MicroStrategy Stock Fans, Mark Your Calendars for July 31 2 Growth Stocks Wall Street Predicts Will Soar 74% to 159% Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. With this catalyst heating up, how should investors play BABA stock here? About Alibaba Stock Alibaba Group is a Chinese technology conglomerate and a global leader in e-commerce, cloud computing, digital media, and financial technology, with major platforms including Taobao, Tmall, Alipay, and Alibaba Cloud. Alibaba's stock has gained about 43% year-to-date in 2025, significantly outperforming both the Hang Seng Index ($HSI) and the S&P 500 Index ($SPX). Alibaba's Financial Performance Alibaba reported its most recent financial results on May 15. The company posted revenue of $32.58 billion, up 7% year-over-year, but slightly short of analyst expectations. Earnings per share came in $0.71 on a diluted basis, missing consensus forecasts. BABA stock fell following the earnings release given the revenue and EPS miss. Alibaba posted a 36% year-over-year increase in adjusted EBITA to $4.5 billion, indicating ongoing operational efficiency improvements. Operating income surged 93% to $3.92 billion, and non-GAAP net income saw a 22% rise to $4.11 billion. Management emphasized sustained investment in AI and cloud, reaffirming their 'AI-driven' focus to navigate a competitive, fast-evolving market. Should You Buy, Sell, or Hold Alibaba? Alibaba stock is currently highly favored by Wall Street analysts, who assign it a 'Strong Buy' consensus rating. The mean price target stands at $157.91, which implies potential upside of 31%. Out of the total recommendations, 19 analysts rate Alibaba as a 'Strong Buy,' while one rates it 'Moderate Buy' and one rates it 'Hold.' On the date of publication, Ruchi Gupta did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Business Standard
9 hours ago
- Business
- Business Standard
China's Shanghai Composite index slides more than one percent
China's Shanghai Composite index eased 1.18 percent to 3,573.21 as data showed China's factory activity deteriorated in July to a three-month low. The index has slipped from a seven month high following this. The manufacturing sector in China continued to contract in July, and at a faster rate, the latest survey from the National Bureau of Statistics (NBS) showed on Thursday with a manufacturing PMI score of 49.3. The index slipped further beneath the boom-or-bust line of 50 that separates expansion from contraction. The NBS also said that its non-manufacturing PMI came in at 50.1 - shy of expectations for 50.3 and down from 50.3 in the previous month. The composite index had a score of 50.2, down from 50.7 a month earlier. Hong Kong's Hang Seng index also lost 1.60 percent to 24,773.33.
Arab Times
15 hours ago
- Business
- Arab Times
Asian shares mostly down after South Korea makes tariff deal, US stocks fall
MANILA, Philippines, July 31, (AP): Asian shares were mostly lower Thursday after U.S. stocks slipped, as doubts rose on Wall Street about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September. Bucking the trend, Japan's Nikkei 225 rose 1.1% to 41,075.85 after the Bank of Japan kept interest rates steady at 0.5% and raised inflation projections. The move follows Tokyo's trade deal with Washington. In Seoul, the Kospi edged down 0.6% to 3,235.83 after South Korea reached a 15% tariff deal with the US, with no levies on American goods like cars, trucks and farm products. The deal also includes South Korea's purchase of $100 billion US energy imports and $350 billion worth of investments in the U.S. Hong Kong's Hang Seng index fell 1.1% to 24,814.59, while the Shanghai Composite Index slid 0.8% to 3,586.13. Australia's S&P ASX 200 shed 0.2% to 8,741.90. India's BSE Sensex fell 0.4% to 81,169.49. Taiwan's TAIEX rose 0.3% to 23,542.52 Rabo Bank, citing the U.S. trade deals with other countries, including Bangladesh, said in a commentary that "it appears to be only a matter of time before India agrees to terms to ensure that it retains favorable access to the US market and all of those other markets that (US President Donald) Trump has demonstrated he has the power to direct through economic coercion.' Rabo added that the terms of a US-India trade deal would almost certainly include Indian purchases of US arms and energy products and preferential access to U.S. agricultural goods. "A potential loser in all of this is Australia. With the US sending more wheat to Indonesia and Bangladesh and more LNG to Japan and South Korea, Australian exports stand to be displaced from their traditional markets,' it added. Trump on Wednesday announced a 25% tariff on imports coming from India, along with an additional tax because of India's purchases of Russian oil, beginning Friday. That's when stiff tariffs Trump has proposed for many other countries are also scheduled to kick in, unless they reach trade deals that lower the rates. But the US president said the two countries were still in negotiations. On Wall Street on Wednesday the S&P 500 edged down by 0.1%, coming off its first loss after setting all-time highs for six successive days. The Dow Jones Industrial Average dropped 171 points, or 0.4%, and the Nasdaq composite rose 0.1%. Stocks felt pressure from rising Treasury yields in the bond market after the Federal Reserve voted to hold its main interest rate steady. The move may upset Trump, who has been lobbying for lower interest rates, but it was widely expected on Wall Street.
16 hours ago
- Business
Asian shares are mixed after South Korea makes tariff deal and US stocks fall
MANILA, Philippines -- Asian shares were mixed Thursday after most U.S. stocks slipped, as doubts rose on Wall Street about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September. Japan's Nikkei 225 rose 0.9% to 41,020.91 after the Bank of Japan kept interest rates steady at 0.5% and raised inflation projections. The move follows Tokyo's trade deal with Washington. In Seoul, the Kospi edged down 0.3% to 3,244.40 after South Korea reached a 15% tariff deal with the U.S., with no levies on American goods like cars, trucks and farm products. The deal also includes South Korea's purchase of $100 billion U.S. energy imports and $350 billion worth of investments in the U.S. Hong Kong's Hang Seng index fell 1% to 24,920.67, while the Shanghai Composite Index slid 0.7% to 3,588.73. Australia's S&P ASX 200 shed 0.1% to 8,743.80. India's BSE Sensex added 0.2% to 81,481.86. Taiwan's TAIEX rose 0.4% to 23,551.92. Rabo Bank, citing the U.S. trade deals with other countries, including Bangladesh, said in a commentary that 'it appears to be only a matter of time before India agrees to terms to ensure that it retains favorable access to the US market and all of those other markets that (U.S. President Donald) Trump has demonstrated he has the power to direct through economic coercion.' Rabo added that the terms of a U.S.-India trade deal would almost certainly include Indian purchases of U.S. arms and energy products and preferential access to U.S. agricultural goods. 'A potential loser in all of this is Australia. With the US sending more wheat to Indonesia and Bangladesh and more LNG to Japan and South Korea, Australian exports stand to be displaced from their traditional markets,' it added. Trump on Wednesday announced a 25% tariff on imports coming from India, along with an additional tax because of India's purchases of Russian oil, beginning Friday. That's when stiff tariffs Trump has proposed for many other countries are also scheduled to kick in, unless they reach trade deals that lower the rates. But the U.S. president said the two countries were still in negotiations. On Wall Street on Wednesday the S&P 500 edged down by 0.1%, coming off its first loss after setting all-time highs for six successive days. The Dow Jones Industrial Average dropped 171 points, or 0.4%, and the Nasdaq composite rose 0.1%. Stocks felt pressure from rising Treasury yields in the bond market after the Federal Reserve voted to hold its main interest rate steady. The move may upset Trump, who has been lobbying for lower interest rates, but it was widely expected on Wall Street. Fed Chair Jerome Powell may have surprised investors by pushing back on expectations that the Fed could cut rates at its next meeting in September. Besides Trump, two members of the Fed's committee have also been calling for lower rates to ease the pressure on the economy, and they dissented in Wednesday's vote. But Powell would not commit to a September cut in rates, pointing to how inflation remains above the Fed's 2% target, while the job market still looks to be 'in balance.' A cut in rates would give the job market and overall economy a boost, but it could also risk fueling inflation when Trump's tariffs may be set to raise prices for U.S. consumers. The Fed's job is to keep both the job market and inflation in a good place. In other dealings on Thursday, U.S. benchmark crude oil lost 4 cents to $69.96 per barrel while Brent crude, the international standard, shed 13 cents to $72.34 per barrel. The U.S. dollar fell to 148.87 Japanese yen from 149.44. The euro rose to $1.1422 from $1.1412.
San Francisco Chronicle
18 hours ago
- Business
- San Francisco Chronicle
Asian shares are mixed after US stocks fall on weakened hopes for a September interest rate cut
MANILA, Philippines (AP) — Asian shares were mixed on Thursday after most U.S. stocks slipped, as doubts rose on Wall Street about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September. Japan's Nikkei 225 rose 0.9% to 41,020.91 after the Bank of Japan kept interest rates steady at 0.5% and raised inflation projections. The move follows Tokyo's trade deal with Washington. Hong Kong's Hang Seng index fell 1% to 24,920.67, while the Shanghai Composite Index slid 0.7% to 3,588.73. In Seoul, the Kospi edged down 0.3% to 3,244.40 after South Korea reached a 15% tariff deal with the U.S., with no levies on American goods like cars, trucks and farm products. The deal also includes South Korea's purchase of $100 billion U.S. energy imports and $350 billion worth of investments in the U.S. Australia's S&P ASX 200 shed 0.1% to 8,743.80. India's BSE Sensex added 0.2% to 81,481.86. Taiwan's TAIEX rose 0.4% to 23,551.92. Rabo Bank, citing the U.S. trade deals with other countries, including Bangladesh, said in a commentary that 'it appears to be only a matter of time before India agrees to terms to ensure that it retains favorable access to the US market and all of those other markets that (U.S. President Donald) Trump has demonstrated he has the power to direct through economic coercion.' Rabo added that the terms of a U.S.-India trade deal would almost certainly include Indian purchases of U.S. arms and energy products and preferential access to U.S. agricultural goods. 'A potential loser in all of this is Australia. With the US sending more wheat to Indonesia and Bangladesh and more LNG to Japan and South Korea, Australian exports stand to be displaced from their traditional markets,' it added. Trump on Wednesday announced a 25% tariff on imports coming from India, along with an additional tax because of India's purchases of Russian oil, beginning on Aug. 1. That's when stiff tariffs Trump has proposed for many other countries are also scheduled to kick in, unless they reach trade deals that lower the rates. But the U.S. president said the two countries were still in negotiations. On Wall Street on Wednesday the S&P 500 edged down by 0.1%, coming off its first loss after setting all-time highs for six successive days. The Dow Jones Industrial Average dropped 171 points, or 0.4%, and the Nasdaq composite rose 0.1%. Stocks felt pressure from rising Treasury yields in the bond market after the Federal Reserve voted to hold its main interest rate steady. The move may upset Trump, who has been lobbying for lower interest rates, but it was widely expected on Wall Street. Fed Chair Jerome Powell may have surprised investors by pushing back on expectations that the Fed could cut rates at its next meeting in September. Besides Trump, two members of the Fed's committee have also been calling for lower rates to ease the pressure on the economy, and they dissented in Wednesday's vote. But Powell would not commit to a September cut in rates, pointing to how inflation remains above the Fed's 2% target, while the job market still looks to be 'in balance.' A cut in rates would give the job market and overall economy a boost, but it could also risk fueling inflation when Trump's tariffs may be set to raise prices for U.S. consumers. The Fed's job is to keep both the job market and inflation in a good place. In other dealings on Thursday, U.S. benchmark crude oil lost 4 cents to $69.96 per barrel while Brent crude, the international standard, shed 13 cents to $72.34 per barrel.
