Alibaba Group Holding Ltd. (NYSE:BABA) stock rose nearly 4% in Wednesday’s premarket trading as improving sentiment toward Chinese equities coincided with the company’s push to expand its Qwen artificial intelligence ecosystem.China Policy Support Boosts SentimentThe...
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Benzinga Insights
Nvidia and AMD Are Backing a $6 Billion AI Startup Taking on Grok
Hark is entering the consumer AI race with heavyweight backing: Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc.’s (NASDAQ:AMD) AMD Ventures joined a $700 million round valuing it at $6 billion. Now its founder, Figure AI CEO Brett Adcock, is pointing...
QUICK SPARK: Intel Stock Drops 28%, Eyes Worst Day Since July 1974
Intel Corp. (NASDAQ:INTC) is having its worst day in more than half a century. Shares fell 29.1% to $65.25 in Friday morning trading, on track for the steepest one-day drop since July 1974. That would top the 26% slide in August 2024, previously the stock’s worst...