Global X Artificial Intelligence & Technology ETF (NASDAQ: AIQ)

에 대한 최신 뉴스 Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ)

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The Fund invests at least 80% of its total assets in the securities of the Indxx Artificial Intelligence & Big Data Index (Underlying Index). The Underlying Index is designed to track the performance of companies involved in the development and utilization of artificial intelligence (AI) and big data. The Fund's 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The Fund may lend securities representing up to one-third of the value of the Funds total assets (including the value of the collateral received). The fund is non-diversified.

Servicenow, Inc.

Cisco Systems, Inc.

International Business Machines Corp.

Alibaba Group

Adobe Inc

Salesforce Inc.

Samsung Electronics Co Ltd

Amazon.Com Inc

Accenture Plc

Tencent Holdings Ltd

Global X Artificial Intelligence & Technology ETF

Alliance HealthCare Services, Inc.

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iShares Dow Jones US Technology Sector Index Fund

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인공지능(AI)을 테마로 한 상장지수펀드(ETF)는 자산 운용사들이 인공지능을 둘러싼 관심이 높아지는 것을 활용하면서 상당한 급증을 목격하고 있다. 모닝스타(Morningstar)에 따르면 올해 AI 중심 ETF 24개 중 1/3 이상이 출시되었다.

2024년에 AI 기반 ETF의 1/3 이상이 출시: 엔비디아, MS, 애플 및 메타 등을 중점

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AVEM

BABA

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생성형 AI에 막대한 투자를 하고 있는 알리바바 그룹 홀딩(NYSE:BABA)은 특정 작업에서 메타 플랫폼(NASDAQ:META)의 라마(Llama) 3를 능가한다고 주장하면서 자사의 오픈 소스 AI 모델을 업데이트했다. 알리바바 클라우드는 통이첸웬(Tongyi Qianwen) 대규모 언어 모델(LLM)의 두 번째 버전인 큐원2(Qwen2)를 출시했다. 이 버전은 다국어 사전 훈련과 더 긴 질문 및 답변을 위한 확장된 컨텍스트 창을 특징으로 한다.

알리바바가 새로운 AI 모델 큐원2 출시, 이는 메타의 라마 3보다 앞선다고 주장

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Global

ROBO

최근 보고서에서는 엔비디아(NASDAQ:NVDA)에 매출의 상당 부분에 기여하는 고객이 한 명 있으며, 이는 마이크로소프트(NASDAQ:MSFT)가 유력한 후보라고 밝혔다. 사건의 전말 (What Happened): CNBC의 보도에 따르면 UBS 메모에서는 마이크로소프트가 2024회계연도 이 칩 제조업체 매출의 19%를 책임지는 엔비디아의 최대 간접 고객일 수 있다고 추측했다.

엔비디아의 최대 고객은 마이크로소프트일 수 있으며, 매출의 5분의 1을 차지: 보도

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Benchmark analyst Fawne Jiang maintained a Buy rating on Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) with a <a target="_blank" href="https://www.benzinga.com/quote/BABA/analyst-ratings" rel="noreferrer noopener">price target of $118</a>.
Jiang remarked that Alibaba&#8217;s <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42006281/alibaba-q2-earnings-revenue-beats-forecast-cloud-and-international-sales-shine-free-cash-flow-falls-amid-strategic-investments" rel="noreferrer noopener">latest earnings report</a> was a mixed bag, offering encouraging signs and areas of concern. While customer management revenue (CMR) grew by 2.5% year-over-year in the second quarter, slightly surpassing expectations, general merchandise volume (GMV) showed only modest growth.
Also Read: <a href="https://www.benzinga.com//node/42032495" target="_blank" rel="noreferrer noopener">Alibaba Eyes Raising $5 Billion Via Bond Sale to Fund Debt Payoff and Stock Buybacks</a>
Jiang anticipates better monetization in upcoming quarters, supported by the introduction of software service fees and increased use of the Quanzhantui marketing tool. However, subdued GMV growth raises questions about Alibaba&#8217;s ability to maintain its market share amid rising competition.
Alibaba&#8217;s second-quarter fiscal 2025 revenue reached 236.5 billion Chinese yuan, a 5% increase year-over-year but falling short of consensus estimates of 239.4 billion Chinese yuan. Adjusted EBITDA totaled 47.3 billion Chinese yuan, exceeding expectations of 46.9 billion Chinese yuan.
Notably, growth varied across segments: Taobao and Tmall Group grew by 1%, international digital commerce surged by 29%, local services rose by 14%, Cainiao logistics increased by 8%, and cloud services were up 7%. Digital media and entertainment dipped by 1%, while other segments grew by 9%.
The volatility in GMV growth reignited debates over Alibaba&#8217;s ability to defend its market position effectively. Despite management&#8217;s optimism about solid performance during the Double 11 shopping event, the decline in TTG&#8217;s EBITDA margin—down 3.2 percentage points year-over-year—signals heavy investments in diversifying supply and improving customer experience.
Jiang expects a gradual recovery, aided by consumption growth and new user acquisition via channels like WeChat Pay. Additionally, reductions in losses from non-core assets could offset margin pressure at the group level.
Jiang revised Alibaba&#8217;s fiscal 2025 and fiscal 2026 revenue estimates downward to 996 billion Chinese yuan (prior 998 billion Chinese yuan) and 1,083 billion Chinese yuan (1,089 billion Chinese yuan prior), respectively, due to a focus on improving profitability over rapid growth.
The analyst adjusted the fiscal 2025 EBITDA forecast to 198 billion Chinese yuan from a previous estimate of 205 billion Chinese yuan, factoring in increased investment in Taobao and Tmall Group (TTG).
The fiscal 2026 EBITDA projection remains essentially unchanged at 222 billion Chinese yuan.
Jiang&#8217;s price target of $118 reflects an 11.5x multiple of the projected fiscal 2025 adjusted EPS of $8.07, plus net cash per share of $24.27.
Alibaba Group Holding stock has gained over 18% year-to-date. Investors can gain exposure to the stock through Avantis Emerging Markets Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVEM#NYSE">AVEM</a>) and Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>).
Price Action:&nbsp;BABA stock is up 0.36% at $88.91 at&nbsp;the last check on Monday.
Also Read:
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<li><a href="https://www.benzinga.com/news/earnings/24/11/41943966/stratasys-ceo-touts-turnaround-strong-market-gains-cost-cuts-drive-q3-beat-guidance-raised" target="_blank" rel="noreferrer noopener">Stratasys CEO Touts Turnaround: Strong Market Gains, Cost Cuts Drive Q3 Beat, Guidance Raised</a></li>
</ul>
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Alibaba's Monetization Strategy Gains Momentum, But GMV Growth Lags: Analyst

AI-themed exchange-traded funds (ETFs) are witnessing a significant surge as asset managers capitalize on the growing enthusiasm surrounding <a href="https://www.benzinga.com/topic/artificial-intelligence">artificial intelligence</a>. This year, over one-third of the two dozen AI-focused ETFs were launched, according to Morningstar.
What Happened: In the past week alone, three new ETFs have entered the AI sector, including one that was rebranded to specifically focus on artificial intelligence, Reuters reported on Monday. The total assets of AI ETFs have now reached $4.5 billion, approaching the $5.5 billion held by nuclear power-themed ETFs and surpassing the $1.37 billion in the cannabis sector.
Daniel Sotiroff, a senior analyst at Morningstar, remarked on the trend, stating, &#8220;I&#8217;m not surprised their ranks are multiplying.&#8221; 
He emphasized that the industry&#8217;s rapid pace attracts investors eager for quick returns, according to the report.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41560703/november-interest-rate-cut-almost-a-done-deal-as-blackout-begins-10-stocks-surging-the-most-sinc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">November Interest Rate Cut Almost A Done Deal As Blackout Begins: 10 Stocks Surging The Most Since Fed&#8217;s Last Decision</a>
As per Benzinga Pro data, here are how some of the AI-based ETFs performed over the past year:
Global X Robotics and Artificial Intelligence ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOTZ#NASDAQ">BOTZ</a>): BOTZ, currently with net assets worth $2.51 billion and NAV of $31.59, climbed 40.39%. Its top AI-related holdings include Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and biotech firm Intuitive Surgical Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>).
Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>): AIQ, which has $2.27 billion in net assets and $37.36 NAV, increased by 43.64%. Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), and Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) are some of its top AI-related holdings.
iShares US Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYW#NYSE">IYW</a>): IYW gained 50.72% in the past year. The ETF has an NAV of $155.42 and $19.24 billion in net assets. It also gives exposure to tech stocks like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Nvidia, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) which have witnessed stellar growth, thanks to AI buzz.
Fidelity MSCI Information Technology Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTEC#NYSE">FTEC</a>): The ETF witnessed a 48.55% growth while exposing to stocks like Apple, Microsoft, Nvidia, Alphabet and Broadcom. It holds $12.05 billion in net assets. 
Why It Matters: The surge in AI-themed ETFs is part of a broader trend driven by the increasing demand for artificial intelligence technologies. Recently, Nvidia briefly surpassed Apple to become the <a href="https://www.benzinga.com/markets/equities/24/10/41551461/nvidia-overtakes-apple-as-worlds-most-valuable-company-again">world&#8217;s most valuable company</a>, fueled by the demand for its AI supercomputing chips. This highlights the growing importance of AI in the tech sector.
Moreover, the <a href="https://www.benzinga.com/news/24/10/41351070/imf-warns-ai-in-stock-trading-can-boost-efficiency-but-warns-of-increased-market-volatility">International Monetary Fund</a> (IMF) has noted AI&#8217;s potential to enhance market efficiency but warns of increased volatility and cyber threats. The IMF&#8217;s Global Financial Stability Report suggests that AI-driven trading could revolutionize markets, although its adoption remains limited. The report also cautions about the potential shift of investments to less regulated nonbank financial intermediaries, complicating market oversight.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/10/41517027/five-us-banks-face-billions-in-losses-as-silvers-price-spike-hits-short-sellers-hard-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Five US Banks Face Billions In Losses As Silver&#8217;s Price Spike Hits Short Sellers Hard: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Unsplash

More Than A Third Of AI-Based ETFs Were Launched In 2024, Focusing On Nvidia, Microsoft, Apple And Meta, Among Others: Here's How Some Of Them Have Performed This Year So Far

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) are joining forces in a significant investment in a Chinese autonomous-driving company&#8217;s IPO, signaling their confidence in the fast-growing market.
Horizon Robotics, a firm specializing in advanced driver-assistance systems, aims to raise nearly $700 million through its upcoming listing on the Hong Kong Stock Exchange, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/business/autos/alibaba-baidu-invest-in-chinese-smart-driving-tech-companys-near-700-million-ipo-2aca0a20?mod=tech_lead_pos2" rel="noreferrer noopener">reports</a>.
The company plans to begin taking orders from institutional investors this Wednesday.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/10/41312039/whats-going-on-with-us-listed-chinese-stocks-alibaba-baidu-nio-xpeng-on-monday" rel="noreferrer noopener">What&#8217;s Going On With US Listed Chinese Stocks Alibaba, Baidu, Nio, XPeng on Monday?</a>
Alibaba, Baidu, and state-owned Beijing Financial Holdings have committed to purchasing over 30% of Horizon Robotics&#8217; shares before the official IPO.
The stock will start trading on October 24, and Horizon Robotics expects this cornerstone backing to boost appeal among institutional and retail investors.
The proceeds from the offering will primarily go toward research and development, with around 70% of the funds earmarked for this purpose over the next five years. The remaining funds will go toward marketing and operational expenses.
Top banks like Goldman Sachs, Morgan Stanley, and China Securities International are advising on the deal.
Recently, Alibaba&#8217;s <a target="_blank" href="https://www.benzinga.com/government/24/09/40977069/alibaba-teams-up-with-nvidia-to-supercharge-evs-for-chinese-automakers-report" rel="noreferrer noopener">cloud unit tapped</a> Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to enhance autonomous driving tech for Chinese EV makers like Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) and Xiaomi Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>).
In collaboration with Banma Network Technology and Nvidia, Alibaba Cloud unveiled a large multimodal model (LMM) solution for automotive applications at the Apsara Conference.
The solution integrates Alibaba Cloud&#8217;s Qwen portfolio of proprietary large language models (LLMs) with Nvidia&#8217;s Drive AGX Orin platform to enhance in-car voice assistants.
Alibaba and Baidu gained 12%-22% in the last 30 days.
Investors can gain exposure to Alibaba, also known as China&#8217;s tech barometer, through Avantis Emerging Markets Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVEM#NYSE">AVEM</a>) and Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>).
Price Actions: BABA stock is up 0.28% at $102.13 premarket at last check Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/news/24/10/41314820/alibabas-lazada-courts-armani-and-other-luxury-brands-seeks-edge-over-rivals-in-southeast-asia" target="_blank" rel="noreferrer noopener">Alibaba&#8217;s Lazada Courts Armani and Other Luxury Brands, Seeks Edge Over Rivals in Southeast Asia</a></li>
</ul>
Photo courtesy: Shutterstock

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BIDU

XIACF

XIACY

Alibaba And Baidu Bet Big On Autonomous Driving, Back $700M Horizon Robotics IPO

Dutch chip-equipment maker ASML Holdings N.V.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) <a href="https://www.benzinga.com/markets/equities/24/10/41341168/chipmaker-stocks-sink-on-asml-earnings-leak-oil-eyes-worst-1-day-drop-this-year-small-caps-rally">smaller-than-expected bookings for the third quarter and guidance cut </a>sent shares of companies with exposure to artificial intelligence lower on Tuesday.
Overreaction: ASML guiding 2025 revenue led to an overreaction by the broader AI hardware sector, which fell 4.5% on Tuesday compared to Nasdaq&#8217;s 1.2% fall, said Deepwater Asset Management&#8217;s Gene Munster.
Only about 10% of ASML&#8217;s revenue could be attributable to AI demand, the tech venture capitalist said. He estimates that about 40% of the company&#8217;s revenue comes from its extreme ultraviolet, or EUV, lithography machines which are required for AI chip production. Assuming these machines produce AI-related chips 25% of the time, 10% of the overall business can be attributed to AI, he said.
Munster noted that ASML clarified that the weakness was not related to AI, but rather to other areas in logic, a slower-than-expected ramp in memory capacity additions, and weakening China demand for the company&#8217;s Immersion systems.
&#8220;The AI trade is on track,&#8221; he added.
See Also: <a href="https://www.benzinga.com/money/best-artificial-intelligence-stocks">Best AI Stocks</a>
Why It&#8217;s Important: Optimism regarding AI technology has abounded since OpenAI&#8217;s AI chatbot ChatGPT gained prominence, and chipmaker Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has emerged as the poster child of the AI revolution. Although most analysts see the <a href="https://www.benzinga.com/markets/equities/24/05/38910879/stock-market-to-rally-for-3-5-years-before-ai-bubble-bursts-predicts-veteran-analyst-gene-munste">AI bubble lasting through three to five years</a>, investors have become wary about the stretched valuations of some of these stocks, especially due to the heavy investments companies are forced to make upfront before they begin to reap the rewards.
Wedbush&#8217;s Daniel Ives said in a note published on Tuesday that he expects a tidal wave of enterprise spending as AI use cases explode across the enterprise. &#8220;We believe the overall AI infrastructure market opportunity could grow 10x from today through 2027 as this next generation AI foundation gets,&#8221; the analyst said. He estimates a $1 trillion of AI cap-ex spending is on the horizon over the next 3 years
The Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>) fell 1.76% to $37.42 on Tuesday, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41348844/nvidia-apple-and-microsoft-in-race-for-4-trillion-market-cap-stage-is-set-for-tech-stocks-for-an">Nvidia, Apple, And Microsoft In Race For $4 Trillion Market Cap: &#8216;Stage Is Set For Tech Stocks For Another 20% Move Higher In 2025&#8217;</a></li>
</ul>
Image via Shutterstock

Long Ideas

ASML

After ASML Rocks AI Hardware Names, Gene Munster Explains Why It's 'Overreaction:' 'AI Trade Is On Track'

In a blog post on Tuesday, the International Monetary Fund (IMF) highlighted the potential of artificial intelligence to enhance market efficiency while also posing risks of increased volatility and cyber threats.
What Happened: The IMF&#8217;s Global Financial Stability Report delves into the role of AI in financial institutions and its potential impact on markets. AI&#8217;s rapid data processing capabilities could revolutionize markets, but its adoption remains limited among investors. The report anticipates growth in AI-driven trading, especially in liquid asset classes like equities and bonds, which could lead to market instability. This was evident during the March 2020 market turmoil involving AI-driven ETFs.
Patent data reveals a surge in AI-related innovations for algorithmic trading, indicating a forthcoming wave of technological advancements. The IMF warns that AI might shift investments to less regulated nonbank financial intermediaries, complicating market oversight. 
To tackle these challenges, the IMF suggests enhancing regulation and supervision of AI-related activities, implementing new volatility response mechanisms, and strengthening oversight of nonbank intermediaries.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site</a>
Why It Matters: The potential impact of AI on financial markets has been a topic of concern for some time. In June, IMF Deputy Chief Gita Gopinath warned about <a href="https://www.benzinga.com/news/24/06/39224309/imfs-gita-gopinath-warns-ai-could-disrupt-financial-markets-supply-chains-and-more-policy-actions-no">AI&#8217;s disruptive potential</a> on financial markets and other sectors, emphasizing the need for policy actions to mitigate risks while harnessing AI&#8217;s benefits. Her comments highlighted the importance of monitoring AI&#8217;s adoption and application across various sectors.
Additionally, the 2024 U.S. presidential election has been identified as a <a href="https://www.benzinga.com/markets/24/10/41125551/why-the-us-presidential-election-will-be-a-watershed-moment-for-artificial-intelligence-in-trading-f">pivotal moment for AI </a>in trading. The election&#8217;s unpredictability, coupled with AI&#8217;s growing role in forecasting for broker-dealers, suggests that AI could face significant challenges in the coming months. This period may serve as a watershed moment for trading intelligence, as election uncertainty could lead to increased market volatility.
Price Action: At the time of writing during Tuesday&#8217;s after-hours market, AI ETFs were showing mixed activity, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>. First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROBT#NASDAQ">ROBT</a>) was up y 2.47%, Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>) was up by 1.28% and iShares Global Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IXN#NYSE">IXN</a>) was up by 2.60%. However, iShares Expanded Tech Sector ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGM#NYSE">IGM</a>) was down by 1.42%.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41306653/anthony-scaramucci-praises-trump-for-shifting-the-crypto-debate-hes-now-forced-the-democra?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Praises Trump For Shifting The Crypto Debate: &#8216;He&#8217;s Now Forced The Democrats To Come Back Into The Middle&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image Created using AI via Midjourney

iShares Trust S&P Global Information Technology Sector Index Fund

ROBT

IMF Warns AI In Stock Trading Can Boost Efficiency, But Warns Of Increased Market Volatility

Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), also known as China&#8217;s tech barometer, continued to trade higher on Monday as China shared its <a target="_blank" href="https://www.benzinga.com/government/24/09/41065178/whats-going-on-with-chinese-ev-stocks-nio-xpeng-zeekr-on-friday" rel="noreferrer noopener">stimulus plans last week</a>.
China&#8217;s central bank&nbsp;plans to cut banks&#8217; reserve requirement ratio (RRR) by 50 basis points or half a percentage point. It also plans to lower the seven-day reverse repurchase rate to 1.5% from 1.7%.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41045187/alibaba-follows-amazon-and-walmart-pours-5-7b-into-holiday-sales-push" rel="noreferrer noopener">Alibaba Follows Amazon And Walmart, Pours $5.7B Into Holiday Sales Push</a>
Shawn Yang of Arete Research <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3280270/alibaba-looks-course-turnaround-amid-renewed-investor-frenzy-chinese-stocks" rel="noreferrer noopener">told</a> SCMP that he expects Alibaba, China&#8217;s leading e-commerce stock, to be the prime beneficiary of the stimulus.
As per Yang, Alibaba&#8217;s cloud services&nbsp;and international expansion further enhance its position. Recent reports indicated that Alibaba is collaborating with Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to boost the&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/09/41023040/nvidia-xpeng-join-alibabas-apsara-conference-to-showcase-ai-tech-advancements" rel="noreferrer noopener">autonomous driving&nbsp;experience</a> of Chinese smart vehicle companies like Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>). Alibaba also partnered with XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>).
Appaloosa Management founder David Tepper ramped up exposure to China through Alibaba, JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>),&nbsp;Baidu&nbsp;Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), as per a CNBC <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3280270/alibaba-looks-course-turnaround-amid-renewed-investor-frenzy-chinese-stocks" rel="noreferrer noopener">interview</a>. JD.com, Baidu, and PDD stocks are also trading up on Monday.
Last week, &nbsp;Alibaba and JD.com <a target="_blank" href="https://www.benzinga.com/markets/asia/24/09/41066338/alibaba-jd-com-strike-deal-to-open-ecosystems-amid-slowing-growth-and-chinas-antitrust-pressure" rel="noreferrer noopener">opened their walled gardens</a> to combat the slowdown in demand. Taobao and Tmall platforms integrated JD.com&#8217;s logistics services.
JD.com agreed to leverage Alibaba&#8217;s logistics network Cainiao Global Express and Cainiao Stations and added Alipay, Alibaba&#8217;s fintech arm, as a payment option.
Alibaba stock gained 20% in the last 5 days. Investors can gain exposure to the stock through Avantis Emerging Markets Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVEM#NYSE">AVEM</a>) and Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>).
Price Action: BABA stock is up 4.16% at $111.79 premarket at the last check Monday.
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Image by zhu difeng on Shutterstock

Movers

Citigourp Global Markets 2% Protected Notes Linked To The Djia

XPEV

What's Going On With Alibaba Stock On Monday?

It&#8217;s a week since the Intelligent Livermore ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIVR#NASDAQ">LIVR</a>), an <a href="https://www.benzinga.com/money/best-etfs">exchange-traded fund </a>that aims to mimic the investment philosophies of prominent investors, debuted, and here&#8217;s a look at how the financial asset has fared and the opportunity it presents for investors.
LIVR&#8217;s Origin? For the unversed, LIVR is the first instrument launched by investment firm Intelligent Alpha floated by Doug Clinton, co-founder and Managing Partner at Deepwater Asset Management. Intelligent Alpha aims to use artificial intelligence technology to zero in on portfolio assets, tapping specifically into three of the most popular large-language models such as OpenAI&#8217;s ChatGPT, Anthropic&#8217;s Claude and Alphabet, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Gemini. 
LIVR has been named after <a href="https://www.benzinga.com/general/11/07/1808727/celebrating-the-life-of-jesse-livermore">famed 20th-century investor Jesse Livermore </a>who is considered the pioneer of day trading. To start with, the LIVR portfolio will focus on opportunities in AI, Latin American equities, Asian equities, renewables and energy, and defensive stocks as selected by the AI investment committee, the firm said.
&#8220;My experience investing in emerging technologies over the last decade makes me believe that large-language AI models will drive a trillion-dollar shift in the asset management industry from traditional passive and active portfolios to AI-powered portfolios," said Clinton in a statement.
The ETF created a unique investment strategy by drawing upon inputs from financial information, public letters, interviews and statements from finance legends such as Warren Buffett and hedge fund managers such as Stanley Druckenmiller and David Tepper, Clinton reportedly <a href="https://fortune.com/2024/09/19/etf-warren-buffett-druckenmiller-tepper-finance-investors/">told</a> Fortune. 
&#8220;They can sort of replicate or pretend to be any investor. That's one of the superpowers of AI,&#8221; he reportedly said. &#8220;You could have it be a super aggressive growth investor, or you could have it be a super value conscious Buffett acolyte.&#8221;
See Also: <a href="https://www.benzinga.com/money/best-artificial-intelligence-stocks">Best AI Stocks</a>
LIVR has an expense ratio of 0.69% and it has $13.8 million in assets under management. The top five holdings of the ETF and each of their portfolio weightings are:
<ul>
<li>PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>): 4.60%</li>
<li>Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>): 4.55%</li>
<li>Nvidia Corp. (NASDAQ: NVDA): 4.51%</li>
<li>Taiwan Semiconductor Management Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>): 4.41%</li>
<li>Procter &amp; Gamble Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>): 2.96%</li>
</ul>
Performance: LIVR began trading on the Nasdaq on Wednesday, Sept. 18, starting the session at a net asset value of $25.21 before ending down about 0.6% at $25.05. The ETF largely remained rang-bound around the $25 level and ended Tuesday&#8217;s session up 2.07% at $26.08. Over the past week, the ETF has gained 4.1%, outperforming the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) and the SPDR S&amp;P 500 ETF Trust (NYSE SPY), which are up a little over 3% and 2%, respectively.
During the same time, the Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>) has added a comparable 4.6%.
It&#8217;s still in the early days to assess the success of the ETF. That said, the heavy weighting of AI-levered stocks could keep it on track to perform in line with these stocks. Since the AI bubble is seen to last for three to five years, LIVR could make hay while the sun shines. That said, the Federal Reserve&#8217;s interest rate cut is widely expected to apply brakes on the tech rally.
On Tuesday, LIVR added 2.07% before ending at $26.08, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
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Image via Shutterstock

Fintech news covering the emerging Financial Technology services sector

Fintech

Specialty ETFs

GOOG

GOOGL

LIVR

Did Aping Warren Buffett And Hedge Fund Managers Bring Success To This AI-Powered ETF That Launched Last Week?

The stubborn inflationary pressure that<a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead"> kept the Federal Reserve in abeyance until earlier this month </a>could be a thing of the past but another risk could supersede it, an economist said on Monday.
What Happened: The artificial intelligence technology is a &#8220;deflationary nuclear bomb,&#8221; said prominent investor and macroeconomist Raoul Pal. &#8220;The cheaper it gets, the cheaper everything gets… electricity is the other one,&#8221; he said.
He also said, &#8220;We are reaching the deflationary tipping point there too, which accelerates AI…which accelerates cheaper energy and compute…,&#8221; he said.
Pal&#8217;s comments came in response to a post by a social-media user in which he quoted comments from Dane Vahey, Head of Strategic Marketing at OpenAI. The executive said in a presentation that the cost per million tokens fell from $36 to 25 cents in the past 18 months. &#8220;AI has been the greatest cost-depreciating technology ever invented,&#8221; he said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As I've said, AI is a deflationary nuclear bomb. The cheaper it gets, the cheaper everything gets… electricity is the other one. No one believes it now but we are reaching the deflationary tipping point there too, which accelerates AI…which accelerates cheaper energy and… <a href="https://t.co/Qa6yjKiAPx">https://t.co/Qa6yjKiAPx</a>
&mdash; Raoul Pal (@RaoulGMI) <a href="https://twitter.com/RaoulGMI/status/1838406207641653606?ref_src=twsrc%5Etfw">September 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption"> See Also: <a href="https://www.benzinga.com/money/best-artificial-intelligence-stocks">Best AI Stocks</a> Why It&#8217;s Important: A similar<a href="https://www.forbes.com/sites/sergeiklebnikov/2023/10/04/cathie-wood-predicts-ai-will-lead-to-deflation-and-drive-markets-higher/"> view </a>was expressed by Ark Invest founder Cathie Wood at a Forbes conference late last year. The fund manager mentioned AI as a source of deflation. Sun Microsystems co-founder Vinod Khosla said in a December tweet, &#8220;AI should be hugely deflationary over twenty-five years.&#8221;</figcaption></figure>
Khosla, who is also a venture capitalist, having invested in OpenAI, said the current measures of GDP and economy will be less relevant but goods and services in great abundance. 
AI and automation can perk up productivity and efficiency, thereby enabling producers to meet consumer demand without a concomitant increase in prices.
Robots are now being manufactured on a large scale and have various use cases across the manufacturing industries. Elon Musk&#8217;s Tesla is developing a humanoid robot called Teslabot. On the second-quarter earnings call, Musk said the potential that general-purpose humanoid robots offer is several times that of the $5 trillion opportunity for robotaxis.
Apart from keeping prices, artificial general intelligence will also boost GDP, Ark Invest&#8217;s Wood said back in early 2022 &#8211; a time when the AI revolution was yet to kickstart. A breakthrough in AGI will lead to the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/05/27339602/cathie-wood-has-cure-for-sagging-gdp-growth-sees-this-technology-accelerating-annua">acceleration of GDP within the next six to 12 years,</a> she said, adding that GDP growth will increase from the 3-5% year-over-year rate currently to 30-50% per year.
On the flip side, there are worries that the benefits of AI would come at the expense of humans and could lead to large-scale job losses.
In premarket trading on Tuesday, the Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>) edged up 0.11% at $36.16, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data. </a>The Global X Robotics &amp; Artificial Intelligence ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOTZ#NASDAQ">BOTZ</a>) was up a more modest 0.04% at $31.15.
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Image Via Shutterstock

Economics

Federal Reserve

A 'Deflationary Nuclear Bomb' Is Ticking, Warns Economist, Even As Inflation Risks Wane: 'Cheaper It Gets, Cheaper Everything Gets'

Alibaba Group Holding&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Taobao and Tmall e-commerce platforms have started accepting payment from rival Tencent Holding&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) WeChat app in September, CNBC <a href="https://www.cnbc.com/2024/09/04/alibaba-to-allow-payment-through-tencents-wechat-pay-on-e-commerce-apps.html" target="_blank" rel="noreferrer noopener">cites</a> a familiar source. 
The move reflects Alibaba&#8217;s attempts to trigger growth in its China e-commerce business, which intense domestic competition and price wars have battered. Alibaba stock is down 13% in the last 12 months.
Alibaba&#8217;s move has the potential to help it expand its market share in less developed parts of China, CNBC cites the source.
So far, Alibaba&#8217;s Chinese e-commerce sites have promoted Alipay, a preferred payment method of its fintech affiliate Ant Group. WeChat has over 1.3 billion users globally, most of whom are in China.
Last week, Alibaba scored a big win by <a target="_blank" href="https://www.benzinga.com/government/24/08/40650893/alibaba-clears-3-year-regulatory-antitrust-scrutiny-stock-gains" rel="noreferrer noopener">bagging a clean chit</a> from the Chinese market regulator, signaling the completion of a&nbsp;three-year regulatory crackdown.
Also, Taobao and Tmall Group&nbsp;created a new <a target="_blank" href="https://www.benzinga.com/news/24/09/40708358/alibabas-taobao-and-tmall-launch-new-tech-venture-eyeing-global-market-growth" rel="noreferrer noopener">&#8220;digital technology&#8221; company</a> to focus on importing and exporting goods, selling food and daily groceries, household appliances, and technology-related services.
In August, Alibaba reported a fiscal first-quarter topline growth of 4% year-on-year to $33.47 billion, missing the analyst consensus of $34.81 billion. Taobao and Tmall Group revenue decreased by 1% to $15.60 billion.
Investors can gain exposure to Alibaba Group through Avantis Emerging Markets Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVEM#NYSE">AVEM</a>) and Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>).
Price Action: BABA stock traded lower by 0.34% at $82.19 premarket at the last check Thursday.
Photo Via Shutterstock

Alibaba's E-Commerce Platforms Now Accept WeChat Payments, Aiming for Market Expansion in China

As per Bloomberg Intelligence estimates, Alibaba Group Holding Limited&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) addition to Stock Connect by September 9 can unlock up to $3.2 billion in cash across global markets by enabling domestic institutional investors to transact shares instead of their foreign exchange quota.&nbsp;
Stock Connect refers to a Mutual Market Access program that enables investors in mainland China and Hong Kong to transact shares listed on other markets through domestic stock exchanges and clearing houses.
Asset managers can tap the released quota to transact other shares, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-08-28/alibaba-s-connect-membership-may-be-a-boon-for-overseas-stocks?sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
Analysts tout Japan and U.S. equities&nbsp;as potential beneficiaries of the move.
Bloomberg Intelligence expects the quota to be fully available in another three years.
Last week, Alibaba shared <a target="_blank" href="https://www.benzinga.com/news/24/08/40525344/whats-going-on-with-alibaba-stock-on-friday" rel="noreferrer noopener">plans to enable</a> mainland investors to&nbsp;start trading in Hong Kong.
Alibaba Group Holding stock lost 12% in the last 12 months as it struggled to generate value in a lackluster domestic economy stifled by domestic e-commerce rivalry via price war.
However, the company remains focused on accomplishing its <a target="_blank" href="https://www.benzinga.com/news/24/08/40550305/nvidia-tech-fuels-chinese-ai-growth-overseas-alibaba-ramps-up-7b-investment" rel="noreferrer noopener">artificial intelligence ambitions</a> despite the U.S. sanctions, which have the potential to unlock shareholder value.
Two weeks ago, Alibaba <a target="_blank" href="https://www.benzinga.com//node/40390854" rel="noreferrer noopener">reported fiscal first-quarter</a> revenue growth of 4% year-on-year to $33.47 billion, missing the analyst consensus estimate of $34.81 billion. Adjusted earnings per ADS of $2.26 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $2.13</a>.&nbsp;Net income plunged 29% Y/Y to $3.34 billion. Adjusted net income declined 9% Y/Y to $5.6 billion.
Investors can gain exposure to the Chinese e-commerce juggernaut through Avantis Emerging Markets Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVEM#NYSE">AVEM</a>) and Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>).
Price Action: BABA stock traded lower by 0.38% at $81.14 premarket at the last check Wednesday.
Photo courtesy Alibaba

Government

Regulations

Alibaba's Stock Connect Addition May Unlock $3.2B, Boost Global Markets: Report

Venture capitalist and entrepreneur Peter Thiel delved deep into the emerging narratives in technology while appearing on the<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40434156/peter-thiel-calls-bitcoin-moderately-big-invention-compared-with-the-internet-it-was-syste"> Joe Rogan Experience podcast, which aired Friday.</a>
AI The In Thing: The core technology narrative has completely flipped to artificial intelligence and an important thing about AI is that it is very centralized,<a href="https://www.youtube.com/watch?v=klRb0_BAX9g"> said</a> Thiel, who co-founded tech ventures such as PayPal and Palantir. He is of the view the big tech companies in the San Francisco Bay area will dominate the technology.
2 Early AI Premises: Crystal ball gazing into how AI will evolve over the next five years, Thiel said nobody has a clue, adding that he initially thought it was an &#8220;incredible abstraction.&#8221; Outlining the history of AI, he said it all started in the 2010s and the tech was anchored on two visions of what it meant. One was from Oxford University professor Nick Bostrom, who wrote a book called Superintelligence in 2014, which envisaged AI as a &#8220;super duper intelligent thing,&#8221; &#8220;God-like intelligence,&#8221; way smarter than any human being, he said.
The other was outlined in the Kai-Fu Lee book from 2018 &#8211; &#8220;Ai Superpowers: China, Silicon Valley, And The New World Order,&#8221; which sort of painted AI as if it was a fairly low-tech; it was just surveillance and facial recognition technology,&#8221; Thiel said. The premise of the book was AI didn&#8217;t require much Innovation and it just required that you apply things, he said. The subtext was China was going to win because there isn&#8217;t ethical qualms in China about applying this sort of basic machine learning to sort of measuring or controlling the population, he added.
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Enter The ChatGPT: The advent of ChatGPT in late 2022 and early 2023 showed that the technology was neither superintelligence nor merely surveillance, Thiel said. People have always said the definition of AI is passing the Turing test, which means the computer can fool you into thinking that it&#8217;s a human being, he said.
After being nowhere close to passing in 2021, the ChatGPT passed the Turing test at least at an average person&#8217;s IQ level of 100, he said. &#8220;That was the holy grail of AI research for the previous years, he added.
Way Forward For AI: There could be ways to refine AI and it might take a long time to apply it, said Thiel. There are discussions about artificial general intelligence, or AGI, which he said is a &#8220;hopelessly vague&#8221; concept. The AGI could be just a generally smart human being &#8211; a person with an IQ of 130, or it could be superintelligence or God-like intelligence, he said.
The <a href="https://www.benzinga.com/news/24/05/39025708/elon-musk-cheers-funding-after-xai-secures-6b-from-sequoia-andreessen-horowitz-saudi-prince-alwaleed">AGI question, </a>Thiel said, is less important than passing the Turing test. If the humans got superintelligence, they could become a competition to God, Thiel said. &#8220;Surely, the touring test is more important for us humans because it&#8217;s either a complement or substitute to humans,&#8221; he said.
The entrepreneur expects AI to rearrange the economic, cultural and political structure of our society in extremely dramatic ways. &#8220;Maybe AI in 2023 and 2024 is like&#8230;the Internet in 1999,&#8221; he said. The thought on one level was the Internet was going to dominate the economy and rearrange the society in the 21st century and at the same time, it was considered a complete bubble, he said.
It took 15-20 years for it to become super dominant but it didn&#8217;t happen in 18 months as people fantasized in 1999, Thiel said, adding that &#8220;maybe what we have in AI is something like this.&#8221;
For AI, it is &#8220;going to take something like two decades but that doesn&#8217;t distract from it being a really big deal,&#8221; he said. 
The Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>) ended Monday&#8217;s session up 1.14% at $35.58, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
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Image via Shutterstock

Palantir Co-founder Peter Thiel Says AI 'Really A Big Deal' But Could Take 15-20 Years To Become 'Super Dominant,' — Calls This The 'Holy Grail' Of AI Research

Tech companies at the forefront of the <a href="https://www.benzinga.com/news/large-cap/24/05/38770955/ai-revolution-on-the-doorstep-the-tidal-wave-is-well-underway-analyst-says">artificial intelligence revolution</a> are facing a looming risk, which in turn could drag these stocks, according to an analyst.
Hidden But Not So Hidden Costs: As AI companies are striving to justify their massive investments in GPU chips, they could be stymied by depreciation, said Barclays analysts in a recent note, <a href="https://markets.businessinsider.com/news/stocks/ai-stocks-risk-nvidia-gpus-blackwell-tech-outlook-depreciation-accounting-2024-8?_gl=1&#x2A;1xu2gnx&#x2A;_ga&#x2A;NjAxMzk2NDU1LjE3MTk1ODA3NzI.&#x2A;_ga_E21CV80ZCZ&#x2A;MTcyMzUyNTQ5My44MS4xLjE3MjM1MjU2OTguNTIuMC4w">according</a> to Business Insider.
Depreciation is a book entry into the statement that apportions the value of a fixed asset over time so that a company sets aside provisions for replacing that asset at the end of its shelf life. In the books, the purchase price is recorded not as an expense but as a capital expenditure that can show higher profits upfront. 
Barclays analysts called depreciation to the massive AI chip investments a &#8220;not-so-hidden&#8221; cost of AI that only very few investors will factor into their valuation analysis.
Barclays tech strategist Ted Mortonson reportedly told Business Insider, &#8220;Because Nvidia has this very aggressive design cycle of roughly a year between major releases, all of those products have different skews and functionality and power profiles.&#8221; 
The strategist called this a headwind that can have a big impact on valuations and potentially send AI stocks lower over the next year. Wall Street analysts are grossly underestimating the depreciation costs over the next two years, he said.
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To make his case, Mortonson noted that while Barclays estimates depreciation costs of $28 billion for Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) in 2026, the consensus is modeling 24% less. Barclays&#8217; estimate of depreciation for Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is $30.8 billion compared to the consensus of $21 billion.
Alphabet, Meta and Amazon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) shares are 5%-25% more expensive than the consensus models, given this mis-modeling, Barclays&#8217; Ross Sandler said, the report added.
Although valuations aren&#8217;t stretched as they were during the bubble era such as the one seen in 2021, depreciation disconnects will likely be scrutinized given the ongoing debate where the big techs warrant multiple expansions, the report said.
Innovation Increases Risk? Extending the useful life of server assets from five years to six years or more could spread out the depreciation over a longer period of time, reducing its impact on earnings, the analysts said. But the rapid pace at which Nvidia is releasing new GPU chips could hamper this mitigative measure, they said.
Mortonson noted that the companies are spending over $200 billion and their capex was up over 50%. &#8220;We&#8217;re so early in this, that combined with all the accounting, it all wraps up to return on invested capital, and I don&#8217;t think you see a return on invested capital till sometime in 2025 or 2026,&#8221; he said.
&#8220;I think the jury is still out. I think the accountants got to take a hold of it, and there&#8217;s got to be much more transparency between extending the useful life of networking, storage, and servers versus GPUs. That&#8217;s the bottom line,&#8221; he added.
The Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>) ended Monday&#8217;s session down 0.03% at $33.34, according to<a href="https://benzinga.grsm.io/register174"> Benzinga Pro data.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/08/40278776/as-nvidia-leads-magnificent-7-volatility-analyst-says-these-mega-caps-are-poised-to-outperform-s">As Nvidia Leads Magnificent 7 Volatility, Analyst Says These Mega-Caps Are Poised To Outperform Small-Caps — But There&#8217;s A Catch</a></li>
</ul>
Image Via Shutterstock

AMZN

Nvidia And Other High-Flying AI Stocks Face Risk Of Falling Off A Cliff Over The Next Year? Tech Strategist Flags 'Not-So-Hidden' Costs That Market Is Not Factoring In

Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) shares surged the most in two months as investors welcomed the company&#8217;s new strategy to increase merchant service fees.
Following the announcement of this new revenue model, the stock jumped as much as 5.8% in Hong Kong and close to 3% in the U.S. market.
Starting in September, Alibaba will implement a basic software service fee of 0.6% on confirmed transactions for vendors using its Tmall and Taobao platforms, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-29/alibaba-shares-jump-on-plans-to-boost-service-fee-for-merchants?sref=TBDibEcD" rel="noreferrer noopener">reports</a>. According to an insider, the company may waive this fee for smaller merchants.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39910751/alibabas-taobao-introduces-free-overseas-shipping-to-compete-with-rivals" rel="noreferrer noopener">Alibaba&#8217;s Taobao Introduces Free Overseas Shipping to Compete with Rivals</a>
This new fee structure will significantly boost Alibaba&#8217;s core merchant revenue, adding to the stock&#8217;s positive outlook.
Jefferies Financial Group analysts noted that Alibaba earns most of its Taobao and Tmall revenue through customer management fees, which merchants pay to advertise and tailor their product offerings.
Currently, Alibaba charges Tmall merchants a fixed annual fee, which will cease to exist once the new policy takes effect on September 1.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29032915/newplot-69.png" alt="" class="wp-image-461716" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29032915/newplot-69.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29032915/newplot-69-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
The shift to a percentage-based fee structure aligns Alibaba with other major e-commerce platforms, including PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), and ByteDance.
Alibaba stock lost over 25% as it battled intense domestic e-commerce rivalry in <a target="_blank" href="https://www.benzinga.com/government/24/07/39878618/whats-going-on-with-alibaba-and-other-chinese-stocks-on-monday" rel="noreferrer noopener">a weak economy</a>. Investors can gain exposure to the stock through Avantis Emerging Markets Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVEM#NYSE">AVEM</a>) and Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>).
Price Action: BABA shares traded higher by 3.06% at $78.87 premarket at the last check on Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy Alibaba

Alibaba Stock Soars As New Service Fees Boost Revenue

To gain an edge, this is what you need to know today.
<img alt="" src="https://thearorareport.com/wp-content/uploads/2024/07/2024-07-25_08h55_20.png" style="height:394px; width:700px" />
<h3>GDP Brings Buying&nbsp;</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-ai-frenzy-cools-air-threat-yen-rises-qqq-mc-07252024">click here</a> for an enlarged&nbsp;chart of Invesco QQQ Trust Series 1 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).
Note the following:
<ul>
<li>The chart shows a drop in QQQ.&nbsp; The drop in QQQ was triggered by speculative sentiment pulling back.&nbsp; As a reader&nbsp;of The Arora Report, you knew in advance that speculative sentiment could fall as a result of Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) earnings.</li>
<li>The chart shows that QQQ is approaching the support zone.</li>
<li>RSI on the chart shows that QQQ is now oversold.&nbsp; Oversold markets tend to bounce.</li>
<li>The chart shows that the volume was low on the selloff.&nbsp; This indicates a lack of conviction in selling.</li>
<li>Especially hard hit in yesterday&rsquo;s selloff were AI stocks as the AI frenzy cools.
<ul>
<li>AI stocks that are semiconductor stocks are partially hedged in The Arora Report&#39;s portfolio.&nbsp; The plan is to take profits on hedges if these stocks fall further.</li>
<li>As full disclosure, AI stocks in the portfolio include&nbsp;Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>), Analog Devices, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adi#NASDAQ">ADI</a>), Applied Materials, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amat#NASDAQ">AMAT</a>), Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>), Mongodb Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdb#NASDAQ">MDB</a>), Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>), Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>), NVIDIA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), Micron Technology Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mu#NASDAQ">MU</a>), NXP Semiconductors NV (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nxpi#NASDAQ">NXPI</a>), PG&amp;E Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pcg#NYSE">PCG</a>), Quanta Services Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pwr#NYSE">PWR</a>), and Qualcomm Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>).</li>
<li>At present, the AI stock with the best risk reward ratio is MSFT.</li>
<li>As full disclosure, AI and technology ETFs of interest in The Arora Report&#39;s ZYX Allocation Model Portfolio are Global X Artificial Intelligence &amp; Technology ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aiq#NASDAQ">AIQ</a>), VanEck Semiconductor ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smh#NASDAQ">SMH</a>), and iShares US Technology ETF (ARCA: IYW).</li>
<li>The AI ETF with the best risk reward ratio at present is AIQ.</li>
<li>Keep in mind, risk reward ratios are dynamic and change.</li>
</ul>
</li>
<li>Since AI stocks have run up so much in 2024, even with yesterday&rsquo;s selloff there is risk in buying AI stocks right here.</li>
<li>Q2 GDP-Adv came at 2.8% vs. 1.9% consensus.&nbsp; This stronger than expected data is bringing buying into the stock market.&nbsp; The reason is that a part of the drop in the stock market yesterday was on concerns that the economy was weakening too fast.</li>
<li>In The Arora Report analysis, investors should not be too enamored with buying on strong GDP data.&nbsp; The reason is that GDP is a lagging indicator.&nbsp; The Arora Report system that includes <a href="https://thearorareport.com/zyxmethod">ZYX Change Method</a> and <a href="https://thearorareport.com/ALLOCATION%2BMODELS.htm">ZYX Asset Allocation Model</a> is based on leading indicators. </li>
<li>Durable goods orders show weakness in transportation orders.&nbsp; Here are the details:
<ul>
<li>Headline durable orders came at -6.6% vs. 0.4% consensus.</li>
<li>Durable orders ex-transport came at 0.5% vs. 0.2% consensus.</li>
</ul>
</li>
<li>Initial jobless claims came at 235K vs. 240K consensus.&nbsp;&nbsp;Initial jobless claims is a leading indicator and carries heavy weight in our adaptive&nbsp;<a href="https://thearorareport.com/ALLOCATION%2BMODELS.htm" target="_blank">ZYX Asset Allocation Model</a>&nbsp;with inputs in&nbsp;<a href="https://thearorareport.com/unique-zyx-asset-allocation-4/" target="_blank">ten categories</a>.&nbsp; In plain English, adaptiveness means that the model changes itself with market conditions.&nbsp; Please&nbsp;<a href="https://thearorareport.com/unique-zyx-asset-allocation-3/" target="_blank">click here</a>&nbsp;to see how this is achieved.&nbsp; One of the reasons behind The Arora Report&rsquo;s unrivaled performance in both bull and bear markets is the adaptiveness of the model.&nbsp; Most models on Wall Street are static.&nbsp; They work for a while and then stop working when market conditions change.</li>
<li>The yen is rising on expectations that the Bank of Japan will raise rates.&nbsp; The rising yen is hammering gold, bitcoin, and oil.&nbsp; This is also bringing selling into the U.S. stock market as many funds borrow in yen and buy U.S. stocks.&nbsp; As full disclosure, there is a position in yen ETF&nbsp;Invesco CurrencyShares Japanese Yen Trust&nbsp;(ARCA:&nbsp;FXY) in The Arora Report&#39;s ZYX Allocation Model Portfolio.&nbsp;&nbsp;</li>
</ul>
<h3>Stunning Yen Rise</h3>
The Japanese currency yen is experiencing a stunning rise, reaching its highest level in two months against the dollar.&nbsp; The reason is an expectation that the interest rate gap between the U.S. and Japan will narrow.
<h3>First Ever Joint Air Threat</h3>
For the first time ever, two Chinese and two Russian aircraft operating together challenged U.S. aircraft in Alaska.&nbsp; This indicates that China and Russia sense weakness in the U.S. and are getting bolder.&nbsp; 
The momo crowd is oblivious, but prudent investors should pay attention to the protection band &ndash; this is one of the many geopolitical situations that is taken into account when determining the protection band.
<h3>Surprise China Rate Cut</h3>
The People&rsquo;s Bank of China (PBOC), in a surprise, cut the interest rate on one year loans by 20 basis points to 2.3%.&nbsp; This indicates that PBOC is stepping up to support China&rsquo;s economy in the wake of slowing Chinese consumers.
<h3>Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in AMZN, META, and TSLA.
In the early trade, money flows are neutral in AAPL and MSFT.
In the early trade, money flows are negative in GOOG and NVDA.
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (ARCA:SPY) and Invesco QQQ Trust Series 1 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).
<h3>Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ. &nbsp;Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil. &nbsp;The most popular ETF for gold is SPDR Gold Trust (ARCA:GLD). &nbsp;The most popular ETF for silver is iShares Silver Trust (ARCA:SLV). &nbsp;The most popular ETF for oil is United States Oil ETF (ARCA:USO).
<h3>Bitcoin</h3>
Buying in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) on the Trump strategic reserve rumor is being countered by rising yen bringing selling into bitcoin.&nbsp;&nbsp;
<h3>Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3>Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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TSLA

AI Frenzy Cools, Yen Hammers Gold And Bitcoin, First Ever Joint Air Threat From Russia And China

Tech stocks sold off on Wednesday, weighed down by comments from Republican presidential nominee Donald Trump and lukewarm forward guidance issued by European chip-equipment maker ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>). Tech venture capitalist and Deepwater Asset Management Managing Partner Gene Munster weighed in on the implications of the geopolitical rhetoric from either side of the aisle for the sector in general and artificial intelligence technology in particular.
What Happened: The Nasdaq Composite Index ended Wednesday&#8217;s session down 2.5% and the Nasdaq 100, comprising 100 of the biggest non-financial tech stocks, fell a steeper 2.94%. The sharp plunge has been triggered by a vortex of geopolitical comments from Trump and President Joe Biden, said Munster in a post on X, formerly Twitter.
&#8220;Trump's comments are part threat and part reality,&#8221; Munster said. Trump threatened to withdraw support for Taiwan, he said, adding that the former president has a history of making threats that he does not follow through on. Munster pointed to the fact that Trump threatened in 2018 about the U.S. exiting NATO, which never materialized.
But in reality, Trump wants to continue supporting Taiwan and &#8220;earn a political win around getting a U.S. ally to &#8216;pay for defense,'&#8221; Munster said. He noted that since 2017 NATO Europe and Canada spending has increased by 28% versus the 20% that the U.S. has been doing.
Regarding Biden&#8217;s comments, Munster noted that the White House wanted to further restrict advanced technology used in building AI to enter China. While companies like ASML were mentioned, greater restrictions could have a negative impact on Nvidia, which could hamper the AI trade in the near term.
See Also: <a href="https://www.benzinga.com/money/best-artificial-intelligence-stocks">Best Artificial Intelligence Stocks</a>
Why It&#8217;s Important: The tech entrepreneur sees politics and regulation slowing down AI&#8217;s progress in the near term, i.e. over the next 1-3 years, by making it more expensive to access the underlying hardware. He, however, sees the technology weathering the headwind.
&#8220;This too will pass given the power of AI will eventually surpass the power of politics. In the end, the substance of AI will exceed the hype,&#8221; he added.
The rally seen in the market since the start of 2023 has been fueled by the hype around AI and its long-term potential. Most analysts, including Munster, believe th<a href="https://www.benzinga.com/markets/equities/24/05/38910879/stock-market-to-rally-for-3-5-years-before-ai-bubble-bursts-predicts-veteran-analyst-gene-munste">e AI bubble will last at least for 3-5 years.</a>
The Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>) ended Wednesday&#8217;s session down 3.33% to $35.72, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39785281/nvidia-ceo-jensen-huang-and-metas-mark-zuckerberg-set-to-discuss-future-of-ai-and-simulation-at-">Nvidia CEO Jensen Huang And Meta&#8217;s Mark Zuckerberg Set To Discuss Future Of AI And Simulation At SIGGRAPH 2024</a></li>
</ul>
Image Via Shutterstock

Politics

As Trump-Biden Tough Geopolitical Talk Razes Tech Stocks, Munster Warns Of AI Progress Slowing In Near Term But Says It 'Will Eventually Surpass The Power Of Politics'

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and other peers are amid a price war as they <a target="_blank" href="https://www.benzinga.com/news/24/07/39645477/whats-going-on-with-chinese-ai-stocks-alibaba-baidu-jd-on-friday" rel="noreferrer noopener">slash the prices</a> of their latest AI models to compete with China&#8217;s domestic AI startups.
As Chinese artificial intelligence startups, like Baichuan AI, race to secure customers, they face intense competition from tech giants offering significantly lower prices.
At a recent exhibition in Shanghai, Baichuan AI showcased its advanced healthcare chatbot powered by its latest large language model, Baichuan4.
The startup claims that Baichuan4 outperforms OpenAI&#8217;s GPT-4 in certain areas, Nikkei Asia <a target="_blank" href="https://asia.nikkei.com/Business/Technology/Artificial-intelligence/China-s-AI-startups-race-for-customers-as-titans-like-Alibaba-cut-prices#:~:text=SHANGHAI%20%2D%2D%20Chinese%20artificial%20intelligence,swallowed%20up%20by%20tech%20giants." rel="noreferrer noopener">reports</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09053614/newplot-14.png" alt="" class="wp-image-425823" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09053614/newplot-14.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09053614/newplot-14-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39663974/chinas-ai-leaders-alibaba-and-sensetime-showcase-breakthroughs-at-shanghai-conference" rel="noreferrer noopener">China&#8217;s AI Leaders Alibaba and SenseTime Showcase Breakthroughs at Shanghai Conference</a>
Despite its advanced capabilities, Baichuan AI faces a tough market, with its 100 yuan ($13.75) per 1 million tokens price being comparable to OpenAI&#8217;s GPT-4 but higher than domestic alternatives.
Alibaba and Baidu have slashed prices to as low as 0.5 yuan, making it challenging for startups to compete.
China&#8217;s government supports AI development, approving 117 generative AI models and setting up investment funds. Wang Xiaochuan, Baichuan&#8217;s CEO, views price competition positively, believing it will lead to broader adoption of AI technologies.
However, Zhang Peng, CEO of Zhipu AI, warns that excessive price cuts are unsustainable, potentially harming the market in the long run.
Alibaba stock lost 19% in the last 12 months as the company struggles to unlock value through its AI and e-commerce endeavors in a challenging domestic market. Baidu lost over 38%.
Investors can gain exposure to Alibaba stock via Avantis Emerging Markets Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVEM#NYSE">AVEM</a>) and Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>).
Price Actions: BABA shares were trading higher by 0.64% at $73.97 in the premarket session at the last check Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/24/05/38793179/nvidia-in-spotlight-as-chinese-tech-giants-push-for-domestic-ai-solutions" target="_blank" rel="noreferrer noopener">Nvidia in Spotlight as Chinese Tech Giants Push for Domestic AI Solutions</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy Alibaba

What's Going On With Chinese AI Stocks Alibaba, Baidu On Tuesday?

Alibaba Group Holding Group&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) cloud computing unit will shut down its data centers in Australia and India as it redirects infrastructure spending to other markets.
The decision comes as part of an &#8220;infrastructure strategy update&#8221; following a careful assessment to prioritize investments in Southeast Asia and Mexico.
Alibaba Cloud will halt its data center services in India after July 15, and in Australia after September 30, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3268522/alibaba-close-data-centres-australia-india-amid-expansion-southeast-asia-mexico" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/05/38556060/after-nvidia-and-apple-alibaba-chases-vietnam-new-data-center-to-boost-control-and-meet-local-laws" rel="noreferrer noopener">After Nvidia and Apple, Alibaba Chases Vietnam: New Data Center to Boost Control and Meet Local Laws</a>
Alibaba notified customers in these regions to migrate their business operations to data centers in Singapore and other locations.
The affected data center zones include facilities in Sydney, established in 2016, and Mumbai, established in 2018.
Alibaba stock has lost over 14% in the last 12 months as it struggles to generate value amid geopolitical tensions and domestic rivalry. Investors can gain exposure to the stock via Avantis Emerging Markets Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVEM#NYSE">AVEM</a>) and Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>).
<h2 class="wp-block-heading">BABA Stock Prediction For 2024</h2>
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Alibaba, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Alibaba Gr Hldgs, the 200-day moving average sits at $77.22, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is above the current price of $72.15. For more on charts and trend lines, <a href="https://pro.benzinga.com/">see a description here.</a>
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
Price Action: BABA shares were trading lower by 0.47% at $72.04 at&nbsp;the last check on Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Fooksou Lamimo via Wikimedia Commons
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Alibaba To Close Data Centers in Australia And India, Divert Investments To Southeast Asia And Mexico

Alibaba Group Holding Ltd&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) cloud unit has introduced its first "AI programmer" powered by the company's self-developed large language model (LLM).
Introduced by Alibaba Cloud, the AI programmer aims to help developers shorten development time for applications, sometimes reducing the process to mere minutes, the South China Morning Post <a target="_blank" href="https://www.scmp.com/tech/tech-trends/article/3267638/alibaba-clouds-ai-programmer-gets-mixed-reactions-real-programmers" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/asia/24/06/39434301/apples-ai-strategy-faces-hurdles-in-china-talks-with-local-firms-are-ongoing" rel="noreferrer noopener">Apple&#8217;s AI Strategy Faces Hurdles In China, Talks With Local Firms Are Ongoing</a>
Xu Dong, general manager of Alibaba Cloud's Tongyi Qianwen LLM service, at the company's Cloud AI summit in Shanghai, emphasized that in the future, users will only need to identify problems and express requirements, making it possible to complete application development in minutes.
Human programmers have expressed mixed feelings about the product. Liang Yan, a developer in the cryptocurrency industry, sees the AI programmer as a potential threat to jobs, noting that it might reduce opportunities for novice programmers and prevent them from fully understanding their work.
Yang Yi, a developer at a Chinese Big Tech company, mentioned that while these tools reduce workload, they are not entirely reliable, often generating code with grammatical or factual errors.
<a target="_blank" href="https://www.benzinga.com/fintech/24/06/39312369/alibabas-fintech-affiliate-ant-group-boosts-global-ai-efforts-with-multi-billion-dollar-investment" rel="noreferrer noopener">Recent reports indicated</a> Alibaba fintech affiliate Ant Group investing $2.9 billion in AI research in 2023.
Alibaba stock has lost 14% in the last 12 months as domestic rivalry and a weak economy takes its toll. Investors can gain exposure to the stock via Avantis Emerging Markets Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVEM#NYSE">AVEM</a>) and Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>).
<h2 class="wp-block-heading">Alibaba&#8217;s Stock Prediction For 2024</h2>
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Alibaba 's revenue has grown at an average rate of 17.45% annually over the past 5 years. The average 1-year price target from analysts is $107.85, representing an expected 46.4% upside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Alibaba have seen an annualized return of -29.57%, underperforming the S&amp;P500 index by 38.17%. This compares to 1.84% growth in the overall Consumer Discretionary sector. Alibaba Gr Hldgs has a beta of 2.34.
Price Action: BABA shares were trading higher by 0.03% at $73.69 premarket at&nbsp;the last check on Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Fooksou Lamimo via Wikimedia Commons

Alibaba Cloud Introduces AI Programmer to Speed Up App Development

Alibaba Group Holding Ltd.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) online shopping platform Lazada Group has denied reports of the parent company planning to <a href="https://www.benzinga.com/topic/thailand">sell its Thailand unit</a>.
The company refuted rumors of discussions with potential investors.
According to Crunchbase data, in 2023, Alibaba invested $845 million in July and <a target="_blank" href="https://www.benzinga.com/news/23/12/36240565/whats-going-on-with-alibaba-stock-thursday" rel="noreferrer noopener">$634 million in December</a>, followed by an additional $230 million in May, bringing the total investment to $7.4 billion, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3267326/alibaba-denies-talks-sell-lazadas-thailand-unit-it-eyes-continued-global-expansion" rel="noreferrer noopener">reports</a>.
Also Read: <a href="https://www.benzinga.com/news/24/06/39143383/alibabas-618-shopping-festival-boosts-sales-with-big-brands-like-apple-xiaomi-leading-the-way" target="_blank" rel="noreferrer noopener">Alibaba&#8217;s 618 Shopping Festival Boosts Sales with Big Brands Like Apple, Xiaomi Leading the Way</a>
Lazada is part of Alibaba&#8217;s International Digital Commerce Group, one of the six major business groups established during the company&#8217;s reorganization in March 2023. This group, which includes AliExpress, Trendyol, and Daraz, reported a 60% year-on-year revenue increase for the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38814985/alibaba-stock-dips-as-huge-investment-losses-in-q4-overshadow-revenue-growth-and-dividend" rel="noreferrer noopener">financial year ending in March</a>.
In the first quarter of 2024, the international group&#8217;s revenue increased by another 45% year on year. Lazada also reduced losses per order through increased monetization and lower logistics costs.
<a target="_blank" href="https://www.benzinga.com/news/24/01/36489326/lazada-hits-the-reset-button-alibabas-e-commerce-arm-announces-widespread-layoffs" rel="noreferrer noopener">January reports indicated</a> Lazada&nbsp;initiating layoffs in its Southeast Asia operations, with Singapore being the most affected.
Alibaba stock lost over 15% in the last 12 months as it battled intense domestic competition and a weak domestic economy. Investors can gain exposure to the stock via Avantis Emerging Markets Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVEM#NYSE">AVEM</a>) and Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>).
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/20092202/newplot-31.png" alt="" class="wp-image-396994" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/20092202/newplot-31.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/20092202/newplot-31-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Price Action: BABA shares traded higher by 0.43% at $74.78 at last check Thursday.
Check Out: <a href="https://www.benzinga.com/fintech/24/06/39312369/alibabas-fintech-affiliate-ant-group-boosts-global-ai-efforts-with-multi-billion-dollar-investment" target="_blank" rel="noreferrer noopener">Alibaba&#8217;s Fintech Affiliate Ant Group Boosts Global AI Efforts with Multi-Billion Dollar Investment</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Asia

Asset Sales

What's Going On With Alibaba Stock Thursday?

Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) affiliate Ant Group Co spent $2.9 billion (21.2 billion yuan) on research in 2023 to advance its artificial intelligence ambitions.
The Jack Ma-backed fintech company&nbsp;has been spending heavily on research and development over the past three years.
Ant has been developing technology, including its large language model BaiLing, which won&nbsp;the Chinese government approval in 2023 to showcase products powered by its &#8220;Bailing&#8221; artificial intelligence (AI) large language model to the public, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-06-13/fintech-giant-ant-group-spends-record-2-9-billion-on-research?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">reports</a>.
The model has been powering various AI assistants on its Alipay platform, including a &#8220;smart healthcare manager&#8221; and &#8220;smart financial manager,&#8221; Reuters reports.
The fintech pioneer has expanded its overseas operations to beat the domestic economic slowdown.
Ma&#8217;s ambitious fintech company had battled intense domestic regulatory scrutiny, including scrapping its initial public offering at the <a target="_blank" href="https://www.benzinga.com/news/23/08/33985626/what-could-investors-miss-form-alibabas-fintech-ant-financial-ipo" rel="noreferrer noopener">last moment in 2020</a>.
Ant collaborated with over 30 e-wallet platforms and banking apps for cross-border payments in regions including Southeast Asia and Europe.
It&#8217;w worth noting that <a target="_blank" href="https://www.benzinga.com/news/24/06/39255392/alibaba-claims-its-new-ai-model-beats-metas-llama-3-promising-major-advancements" rel="noreferrer noopener">recent reports indicated</a> that Alibaba&#8217;s open-source AI models beat&nbsp;Meta Platforms Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)&nbsp;Llama 3 in specific tasks.
Alibaba has expanded its&nbsp;global cloud computing&nbsp;availability in Mexico and is weighing key markets, including Malaysia, Thailand, and South Korea, over the next three years.
Alibaba stock has lost 11% in the last 12 months as it roughed out domestic rivalry and a feeble economy. Investors can gain exposure to the stock via Avantis Emerging Markets Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVEM#NYSE">AVEM</a>) and Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>).
Price Action: BABA shares were trading lower by 1.58% at $76.81 premarket at the last check on Thursday.
Photo via Shutterstock

Alibaba's Fintech Affiliate Ant Group Boosts Global AI Efforts with Multi-Billion Dollar Investment

Zeroing In On Secular Forces, Not Cycles

Tech M&A Outlook Mixed Under New Trump Administration

Kansas City Fed's Schmid says 'remains to be seen' how much further interest rates fall

Inflection Points: Beyond Regional Conflicts

AI boasts unprecedented potential and scope. Amid this, AI ETFs can appear as ideal investments, offering higher returns, optimum diversification, and exposure. Therefore, quality AI-driven ETFs Robo Global Robotics and Automation Index ETF (ROBO), Global X Artificial Intelligence & Technology ETF (AIQ), and Global X Robotics & Artificial Intelligence ETF (BOTZ) could be ideal buys for the next tech boom. Read more... Artificial Intelligence (AI) is a recent technological advancement that is rapidly revolutionizing and modernizing various tasks and business operations. Companies are increasingly investing and exploring the potential of new technology to enhance their efficiency and productivity.
Against this backdrop, investors could buy fundamentally sound AI-driven ETFs Robo Global Robotics and Automation Index ETF (<a href="https://stocknews.com/stock/ROBO/">ROBO</a>), Global X Artificial Intelligence &amp; Technology ETF (<a href="https://stocknews.com/stock/AIQ/">AIQ</a>), and Global X Robotics &amp; Artificial Intelligence ETF (<a href="https://stocknews.com/stock/BOTZ/">BOTZ</a>) for the next tech boom.
Artificial Intelligence (AI) is at the forefront of technological upgrades and digitalization, advancing company operations and fueling business processes. The significance of AI is constantly growing, as evidenced by its expanding prevalence in diverse industries like healthcare, finance, consumer goods, telecommunications, online purchasing, and smart home devices.
The worldwide <a href="https://www.statista.com/outlook/tmo/artificial-intelligence/worldwide">Artificial Intelligence market</a> is expected to hit around $184 billion this year. In global comparison, the United States market is expected to be the largest, with $50.16 billion in 2024. The market is projected to grow at a CAGR of 28.5%, reaching a market volume of $826.70 billion by 2030.
With its capabilities like performing complex tasks, automating tasks, and increasing efficiency and productivity, <a href="https://www.precedenceresearch.com/us-artificial-intelligence-market#:~:text=U.S.%20Artificial%20Intelligence%20(AI)%20Market%20Size%20%7C%20Share%20and%20Trends,19.3%25%20from%202024%20to%202034.">AI is creating various new opportunities</a> for worldwide industries and is revolutionizing how many tasks are performed. Also, the increasing technological adoption and integration of smart technologies in commercial and domestic applications is accelerating the demand for artificial intelligence.
Given these encouraging trends, let's look at the fundamentals of the top three <a href="https://stocknews.com/category/technology-equities-etfs/">Technology Equities ETFs</a>, beginning with number 3.
ETF #3: Robo Global Robotics and Automation Index ETF (<a href="https://stocknews.com/stock/ROBO/">ROBO</a>)
ROBO is an ETF that invests in global companies that are driving transformative innovations in robotics, automation, and artificial intelligence (RAAI), including companies creating technology to enable truly intelligent systems.
The fund has assets under management (AUM) of $1.08 billion. ROBO's top holdings include Symbotic, Inc. Class A with a 2.22% weighting, followed by IPG Photonics Corporation (<a href="https://stocknews.com/stock/IPGP/">IPGP</a>) at 1.99%, and Celestica Inc. (<a href="https://stocknews.com/stock/CLS/">CLS</a>) and NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>) at 1.95% and 1.82%, respectively.
The ETF has a total of 79 holdings, with its top 10 assets comprising 18.34% of its AUM. ROBO's <a href="https://www.investopedia.com/terms/e/expenseratio.asp">expense ratio</a> is 0.95%, higher than the category average of 0.65%.
ROBO has surged marginally over the past six months and 16.5% over the past year to close the last trading session at $56.57. It has a beta of 1.25. And the fund's NAV was <a href="https://www.roboglobaletfs.com/robo">$56.54 as of November 5, 2024</a>.
ROBO's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect solid prospects. The fund has an overall rating of A, translating to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
ROBO has an A grade for Trade and Buy &amp; Hold. Within the B-rated <a href="https://stocknews.com/category/technology-equities-etfs/">Technology Equities ETFs</a> group, it is ranked #19 of the 119 ETFs.
To access all ROBO's POWR Ratings, <a href="https://stocknews.com/stock/ROBO/">click here</a>.
ETF #2: Global X Artificial Intelligence &amp; Technology ETF (<a href="https://stocknews.com/stock/AIQ/">AIQ</a>)
AIQ is an exchange-traded fund that tracks a market-cap-weighted index and invests in developed market companies involved in the use of artificial intelligence to analyze big data, whether for their own operations or as a service to other companies. It seeks to track the performance of the Indxx Artificial Intelligence &amp; Big Data Index.
With $2.24 billion in AUM, AIQ's top holdings are Alibaba Group Holding Limited Sponsored ADR (<a href="https://stocknews.com/stock/BABA/">BABA</a>) with a 3.71% weighting, ServiceNow, Inc. (<a href="https://stocknews.com/stock/NOW/">NOW</a>) at 3.56%, and Cisco Systems, Inc. (<a href="https://stocknews.com/stock/CSCO/">CSCO</a>) and Oracle Corporation (<a href="https://stocknews.com/stock/ORCL/">ORCL</a>) at 3.46% and 3.43%, respectively. The ETF has a total of 85 holdings, with its top 10 assets comprising 34.02% of its AUM.
The fund has an expense ratio of 0.68%, higher than the category average of 0.36%. It has a beta of 1.13. Over the past six months, AIQ had fund inflows of $320.85 million and $1.22 billion over the past year.
AIQ has gained 11.2% over the past six months and 35% over the past year to close the last trading session at $37.42. The fund's NAV was <a href="https://www.globalxetfs.com/funds/aiq/">$37.36 as of November 5, 2024</a>.
AIQ's sound fundamentals are reflected in its POWR Ratings. The fund has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
The fund has an A grade for Trade and Buy &amp; Hold. Of the 119 ETFs in the Technology Equities ETFs group, AIQ is ranked #14.
<a href="https://stocknews.com/stock/AIQ/">Click here</a> to see all the AIQ ratings.
ETF #1: Global X Robotics &amp; Artificial Intelligence ETF (<a href="https://stocknews.com/stock/BOTZ/">BOTZ</a>)
BOTZ is launched and managed by Global X Management Company LLC. The fund invests in stocks of companies involved in the development of robotics and artificial intelligence, like industrial robots, automated inventory management, and unmanned vehicles. The ETF tracks the performance of the Indxx Global Robotics &amp; Artificial Intelligence Thematic Index.
The fund has an AUM of $2.55 billion. Its top holdings include NVDA with a 13.32% weighting, followed by Intuitive Surgical, Inc. (<a href="https://stocknews.com/stock/ISRG/">ISRG</a>) at a 10.22% weighting, and ABB Ltd. and Keyence Corporation at 9.36% and 7.40%, respectively. The ETF has a total of 47 holdings, with its top 10 assets comprising 64.38% of its AUM.
The fund has an expense ratio of 0.68%, compared to the category average of 0.65%.
BOTZ has gained 4.6% over the past six months and 34.3% over the past year to close the last trading session at $32.82. Also, it has a beta of 1.25. The fund has a NAV of <a href="https://www.globalxetfs.com/funds/botz/">$32.66 as of November 5, 2024</a>.
BOTZ's POWR Ratings reflect its bright prospects. The ETF has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
BOTZ has an A grade for Trade and Buy &amp; Hold. It also has a B grade for Peer. The fund is ranked #13 among the 119 ETFs in the same group.
To access all the POWR Ratings for BOTZ, <a href="https://stocknews.com/stock/BOTZ/">click here</a>.
What To Do Next?
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<hr />
BOTZ shares were trading at $33.29 per share on Wednesday afternoon, up $0.47 (+1.43%). Year-to-date, BOTZ has gained 16.97%, versus a 25.61% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/botz-aiq-robo-3-artificial-intelligence-etfs-for-the-next-tech-boom/>3 Artificial Intelligence ETFs for the Next Tech Boom</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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