$Alibaba(BABA)$ Huge insider buying at BABA. CEO Eddie Wu purchased 350,000 Hong Kong-listed Alibaba shares for approximately $5.1M. Chairman Joe Tsai bought 720,000 shares on Aug. 24 for roughly $10.3M, then added another 720,000 shares on Aug. 25 for approximately $10.2M. Combined, Tsai and Wu bought more than $25M worth of Alibaba stock in just two days. Alibaba founder Jack Ma also added more than $77 million of Alibaba shares, according to multiple reports, though those purchases were reported through sources rather than exchange filings. These purchases came right after Alibaba announced a $10.2B share placement to fund its aggressive AI expansion. The financing initially pressured the stock on dilution concerns, but management responde
$Alibaba(BABA)$ It would be useful to have someone explain how CN has underperformed US equities for decades, as if there were no indexes where this could be looked up. Maybe that person will show up 2-3 times per day to do exactly that.
$Alibaba(BABA)$ When the initial drop from 130 came, I thought we might flush down hard, but it's holding up pretty well. I'd say it could keep pushing higher. During bad weeks in the past, I've seen this drop 20% in a week, but I'm not seeing those kinds of drops anymore.
$Alibaba(BABA)$ The near-term bottom should be around the offering price of $115. These were apparently long funds as well. I see this turning bullish, honestly. We'll see.
$Alibaba(BABA)$ Moonshot AI's new model hit number one on Arena's frontend coding leaderboard just 24 hours after release, placing above OpenAI and Anthropic. That got a lot of attention from investors, researchers, and even policymakers. The conversation quickly moved past just benchmark scores to broader topics like regulation, talent, and overall AI competitiveness.
$Alibaba(BABA)$ It seems AI is hitting a wall with data availability. Companies sitting on vast datasets will have a clear edge going forward. The next phase of AI competition will likely center on data and information access. On that front, Alibaba is in a pretty strong position.
$Alibaba(BABA)$ It hit 116 in Hong Kong before the US futures slide started pulling it down a bit. The 50-day moving average is at 119.5, so it could catch up to that level. $SPDR S&P 500 ETF Trust(SPY)$ is way above its 20-day moving average, though.