U.S. Stock Market Midday Update
Alibaba rose by 10.88%. Based on recent key news:
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On January 12, Alibaba Cloud launched a multimodal interaction development kit, driving the stock price up. The kit integrates multiple foundational large models, applied to AI hardware devices, enhancing market confidence, with the stock price increasing by 2.735%. Source: Zhitong Finance
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On January 12, JP Morgan lowered Alibaba's target price but maintained an overweight rating, believing that cloud business growth will support a valuation reassessment. Despite facing short-term profit pressures, the AI-driven cloud business's accelerated growth provides support for the future. Source: JP Morgan report
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On January 12, Nomura reported that Alibaba's customer management revenue growth is expected to slow, but the cloud business remains strong. The report lowered the U.S. stock target price, reflecting market concerns about weak domestic consumption and tax impacts. Source: Nomura report. Tech stocks generally performed well, boosting market confidence.
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Top Stocks by Industry Trading Volume
Amazon rose by 0.20%. Based on recent key news:
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On January 12, Amazon required employees to submit achievements for performance evaluations, reflecting a cultural reform within the company. This move aims to promote a more disciplined workforce, potentially enhancing internal efficiency and employee morale.
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On January 12, analyst Khajuria projected that Amazon's retail revenue will achieve high single-digit growth, with advertising and grocery businesses becoming significant contributors, driving the stock price up. The analyst gave an &#34;outperform&#34; rating, raising the target price to $275.
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On January 10, Amazon plans to open a large retail store in Chicago, expanding its physical retail business. This move may enhance the company's competitiveness in the physical retail sector, attracting more consumers. Amazon's expansion in physical retail and steady advertising growth.
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Pinduoduo fell by 1.30%. Based on recent news:
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On January 12, Pinduoduo is testing its &#34;Billion Dollar Supermarket&#34; business within its app, relying on its existing billion-dollar subsidy system, entering the supermarket retail space with limited-time low-price coupons currently available only to a select group of random users. This news raised market concerns about its profitability, leading to a drop in stock price.
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On January 10, SHEIN opened its first permanent store in Paris, marking an acceleration in the branding process of Chinese cross-border e-commerce. This move may pose competitive pressure on platforms like Pinduoduo, further affecting its stock performance. The trend of branding in cross-border e-commerce is evident, intensifying competition.
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Latin American commercial services fell by 1.54%. Based on recent news:
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On January 12, analyst ratings showed that although MercadoLibre was rated as a moderate buy, top analysts believe there are five other stocks that are more worthy of investment. This rating may lead to a decline in investor confidence in MercadoLibre, affecting its stock price.
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On January 13, reports generated by Benzinga's automated content engine did not provide new market information and did not have a direct impact on the stock price
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No other important news recently. The US stock market has seen increased volatility lately, which requires attention.
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Stocks ranked at the top of the industry by market capitalization
Sea fell 2.13%, with increased trading volume. Based on recent key news:
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On January 10, Sea's average annual return over the past ten years was 18.06%, outperforming the market. Despite its strong long-term performance, the recent decline in stock price may be related to the market's reassessment of its future growth potential. Source: Benzinga
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On January 12, the expansion of insurance sales on e-commerce platforms has been noted, with industry observers believing that insurance companies will continue to drive this trend. Although such expansion may benefit Sea's business, it has failed to boost the stock price in the short term. Source: THE BUSINESS TIMES
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No other important news recently. The e-commerce industry is facing policy changes, which require attention
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BABA

Alibaba rose 10.88%; Amazon rose 0.20%, with a transaction volume of USD 4.504 billion; Pinduoduo fell 1.30%, with a transaction volume of USD 756 million; Latin American commercial services fell 1.54%, with a transaction volume of USD 555 million; Sea fell 2.13%, with a market value of USD 77.4 billion

- Alibaba's stock increased by 10.88% due to the launch of a multimodal interaction development kit, which bolstered market confidence.  
- Despite a downgrade from Morgan Stanley, they maintained a buy rating, citing cloud business growth as a supporting factor.  
- Meanwhile, Amazon's stock rose marginally, benefiting from a cultural reform initiative and positive retail forecasts, while Pinduoduo and MercadoLibre saw declines amid competitive pressures and cautious market sentiments.

Tracking Unusual Activity

Alibaba

U.S. stock market midday update: Alibaba's cloud business innovation boosts stock price, JP Morgan maintains overweight rating, contributing to a 10.88% increase