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Alibaba Falls 4% as Reported Beijing AI Probe Undercuts Chip Rally; Baidu Eases, JD.com Dips
Source: 247wallst.com
Investor Sentiment & PositioningMarket Technicals & FlowsArtificial Intelligence
Alibaba shares fell 4% to $112.09 in Wednesday morning trading, reversing part of the rally prompted by announcements at the company's Apsara conference earlier in the week. The move signals near-term profit-taking or weakening investor enthusiasm following the conference-driven gains.
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