Nasdaq Surges Over 1%; Alibaba Shares Gain After Q4 Results
Summary
U.S. markets traded mixed with the Nasdaq Composite rising about 1.18% while the Dow ticked down and the S&P 500 advanced. Alibaba shares jumped around 6% after reporting fiscal Q4 revenue of $35.28 billion, up 3% year-over-year and slightly above estimates, though adjusted EPS of $0.09 missed expectations. Several other tech names moved on quarterly results: Velo3D and C4 Therapeutics gained after better-than-expected reports, Tower Semiconductor rallied after upbeat guidance and a $1.3B silicon photonics contract, while Wix plunged roughly 30% on weak results. Commodities and global indexes also saw modest gains and U.S. producer prices showed a notable monthly increase.
Classifications
industries
Entertainment
applications
ERP & Process Management
AskAI Classifications
Labels
SaaS
Cloud Infrastructure
Enterprise Software
Linked Companies
Alibaba Group
$1B+