U.S. stock night trading fluctuations: Alibaba rose 3.66% in night trading, boosted by confidence in new AI models and computing power collaboration

U.S. Stock Market Night Trading Movements

Alibaba rose 3.66% in night trading. Based on recent key news:

1. On August 1, Alibaba co-founder Joseph Tsai announced the end of his marriage with his wife, Wu Minghua. This news attracted market attention but did not involve any changes in Alibaba's shares, and Joseph Tsai continues to serve as the group's chairman, with the stock price unaffected by negative impacts. Source: Jiemian

2. On July 31, Alibaba released a new voice recognition large model Qwen-Audio-3.0-ASR-Flash, enhancing AI's capability in recognizing specialized vocabulary, boosting market confidence in its technological innovation, and driving the stock price up. Source: Jingji Tong

3. On August 1, Alibaba signed a computing power agreement with Moonlight, providing approximately 20,000 NVIDIA chips to support the development of the Kimi series AI models, demonstrating Alibaba's strategic layout in the AI field and boosting investor confidence. Source: Bloomberg Technology stocks rebounded, Hang Seng Index consolidated at high levels.

Stocks with High Trading Volume in the Industry

Amazon rose 1.24% in night trading. Based on recent key news:

1. On July 31, Amazon Web Services (AWS) reported a 36.7% year-on-year revenue growth in the second quarter, reaching $42.2 billion, exceeding market expectations and driving the stock price up by 13.7%. Analysts pointed out that AWS has achieved a long-awaited growth inflection point, and Amazon is at a fundamental turning point, with its capital expenditure digestion phase proceeding faster and more profitably than market concerns.

2. On July 31, Amazon announced a net income of $20.0606 billion for the second quarter, a year-on-year increase of 19.6%, with earnings per share of $5.75, both exceeding market expectations. The net profit for the quarter increased 2.45 times year-on-year to $62.647 billion, and AWS's operating profit for the second quarter grew 63.6% year-on-year to $16.621 billion, far exceeding the market expectation of $13.62 billion.

3. On July 31, Citigroup adjusted Amazon's target price from $325 to $350, Benchmark raised its target price from $370 to $400, and JP Morgan increased its target price from $330 to $365. The market showed confidence in Amazon's ability to convert capital expenditures into financial returns, driving the stock price up.

JD.com fell 0.27% in night trading. Based on recent news:

1. On July 31, the Beijing Economic Development Zone held a "Future Creation with Enterprises" welcoming business theme event, where JD.com Industrial signed a memorandum of cooperation to jointly build and operate the country's first commercial aerospace product reliability platform. This move demonstrates JD.com's proactive layout in the commercial aerospace field, enhancing market confidence in its future development.

2. On August 2, the Market Supervision Administration of the Hotan region in Xinjiang held a concentrated interview with JD.com and other online takeaway platforms, requiring the platforms to strictly implement food safety responsibilities and eliminate non-compliant merchants. This move increases regulatory pressure on JD.com in the food safety sector, which may affect its takeaway business performance On August 3rd, JD.com officially announced the launch of AI smart helmets, which will be gradually put into use in the near future. The helmet is equipped with a "single king route" that automatically analyzes order notes, improving the efficiency of delivery riders and showcasing JD.com's innovation capabilities in the smart hardware field. The overall industry performance remains stable, but policy changes are frequent.

Pinduoduo's night trading fell by 0.17%. Based on recent key news:

1. On July 31st, the European Union accused Pinduoduo's subsidiary Temu of not cooperating with an investigation during a raid in December last year, potentially facing a fine of 1% of its annual turnover. This incident raised market concerns about its operations in the EU market, putting pressure on its stock price.

2. On July 31st, the EU continued to tighten regulations on cross-border e-commerce with China, canceling the tax exemption policy for small packages from China starting in July, which increased Pinduoduo's operating costs in the European market and further affected its stock price performance.

3. On July 31st, the employee count of Pinduoduo's Xiong'an company surpassed 3,000, indicating the company's expansion potential in the domestic market, but it failed to offset the negative impact of unfavorable news from the European market on its stock price. The tightening of cross-border e-commerce regulations has intensified market volatility