What's Going On With Alibaba Stock On Monday?

Benzinga
2024.09.30 11:54
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Alibaba's stock surged 20% following China's stimulus plans, including a 50 basis point cut in banks' reserve requirement ratio and a reduction in the reverse repurchase rate. Analysts predict Alibaba will benefit significantly from these measures, bolstered by its cloud services and international expansion. Notably, Alibaba is collaborating with Nvidia to enhance autonomous driving for Chinese automakers. Investors can gain exposure to Alibaba through ETFs like AVEM and AIQ. As of Monday, BABA stock rose 4.16% in premarket trading.