U.S. Stock Night Market Movements

Alibaba rose 3.68% in the night market. Based on recent key news:

1. On March 17, Alibaba announced the establishment of a token center focused on the creation and application of tokens. This move is seen as a strategic synergy to strengthen its AI business, driving up the stock price. Source: Zhitong Finance

2. On March 17, Alibaba launched its enterprise-level AI platform "Wukong," aimed at enhancing enterprise automation capabilities and further promoting the application of AI technology in enterprises, with a positive market response. Source: Huigang Communications

3. On March 16, Alibaba planned significant adjustments, focusing on AI monetization, which raised market expectations for its AI strategy, benefiting the stock price. Source: Huigang Communications Technology stocks performed prominently, and market risk aversion eased.

Stocks with High Trading Volume in the Industry

Amazon rose 0.42% in the night market. Based on recent key news:

1. On March 18, Amazon CEO Andy Jassy stated in an internal meeting that artificial intelligence will help AWS achieve $600 billion in annual sales, far exceeding previous estimates. This news pushed Amazon's stock price up about 1%. Source: Reuters

2. On March 17, Amazon reached a partnership agreement with OpenAI to sell AI products to the U.S. Department of Defense through its platform, with a contract value of several million dollars. This move further solidifies Amazon's position in the AI field. Source: The Information

3. On March 18, Microsoft is considering legal action regarding Amazon's $50 billion cloud deal with OpenAI, which may affect Amazon's market confidence. Source: Financial Times AI drives AWS growth, and the market is focused on capital expenditures.

Pinduoduo rose 0.88% in the night market. Based on recent key news:

1. On March 17, the U.S. Treasury Secretary stated that they do not mind Iranian, Indian, and Chinese tankers passing through the Strait of Hormuz, leading to a drop in oil prices and a rebound in U.S. stocks. Pinduoduo benefited from the overall positive performance of Chinese concept stocks, with its stock price rising 1.16%. Source: Economic Information Agency

2. On March 17, Alibaba is about to release its financial report, with the market expecting a decline in its profits, intensifying competition for Pinduoduo. Analysts expect Alibaba's earnings per share to decline, increasing competitive pressure on Pinduoduo. Source: Benzinga

3. On March 17, Pinduoduo's stock price fell below the 100-week index moving average, with technical indicators suggesting a potential continued decline. The stock is undervalued, and technical indicators show overselling. Source: Invezz Chinese concept stocks benefit from the rebound in U.S. stocks, with significant capital inflow.

Coupang rose 0.77% in the night market. Based on recent key news:

1. On March 18, Coupang partnered with NVIDIA to launch the "AI Factory," promoting innovation in e-commerce logistics. This collaboration aims to accelerate the application of AI technology in the logistics field, enhance operational efficiency, and drive up the stock price

2. On March 18, Coupang was listed in the LexisNexis Global Innovators Top 100, reflecting a significant enhancement of its patent portfolio. Being on the list for two consecutive years demonstrates the company's innovative momentum in the fields of AI and advanced technology, boosting market confidence.

3. On March 16, analysts maintained a hold rating on Coupang, and it was not included in the recommended buy list. Nevertheless, the market's increased attention to its AI technology supports the rise in stock prices. The innovation in the e-commerce industry is accelerating, with widespread applications of AI technology