Alibaba (BABA) Stock Sinks 7% as Nvidia Drama Reaches Hong Kong

TLDR Alibaba (BABA) stock closed down 6.8% at HK$93.80 in Hong Kong on Thursday. The Wall Street Journal reported that Nvidia’s board is preparing to oust CEO Jensen Huang. Alibaba was a key client of Singapore-based Megaspeed, which has been linked to the controversy. U.S. lawmakers are demanding tighter chip export restrictions. MiniMax and Z.AI [...]

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