BABA slips after $10.2B equity raise fuels AI-return doubts
Alibaba (BABA) slipped overnight as investors weighed concerns over its $10.2 billion equity raise and whether aggressive AI spending can deliver attractive returns.
2 billion equity raise and questioned whether its aggressive AI spending can produce attractive returns. Wall Street sent mixed signals, with Bernstein lowering its price target while Bank of America remained more constructive.