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A Wired article suggests Alibaba's Qwen AI model could lead the AI market by 2026, surpassing OpenAI. The focus is on real product integration, with Qwen seeing faster adoption than U.S. competitors. BABA shares rose 1.45% to $152.24.
Tower View Wealth Management LLC increased its holdings in HDFC Bank by 170.4% in Q3, owning 88,600 shares worth $3,027,000. Other investors like BNP Paribas and Acadian Asset Management also modified their positions. Analysts have mixed ratings on HDFC Bank, with an average rating of "Moderate Buy." The bank's stock opened at $36.45, with a market cap of $185.92 billion. HDFC Bank reported $0.44 EPS for the quarter, beating estimates.
Brazilian equities weakened as the Ibovespa fell over 0.5% due to political uncertainty. Former president Bolsonaro's son, Flávio, was confirmed as a pre-candidate, unsettling markets. Banks like Itaú and Bradesco traded lower, while Itaúsa slipped after increasing its stake in Alpargatas. Embraer fell after renegotiating an aircraft order with Azul. Oi plunged following a bankruptcy ruling for its subsidiary. Petrobras and Vale also declined amid weaker commodity prices.
China's top tech firms, including ByteDance, Tencent, and Alibaba, are vying for sponsorship at the 2026 Spring Festival Gala, a major marketing event. ByteDance seeks exclusive AI terms, complicating negotiations. Emerging brands like Rokid and Dreame also aim for exposure. The gala, a key advertising platform, has historically driven product adoption and market dominance.
Itau Unibanco Holding S.A. (NYSE:ITUB) shares will undergo a 103-100 split on Monday, December 29th. The new shares will be distributed to shareholders after the market closes on Sunday, December 28th. The stock opened at $7.28 on Thursday, with a market cap of $78.29 billion. The company also announced a monthly dividend of $0.0033, payable on July 9th. Analysts have given the stock a 'Moderate Buy' rating with a consensus price target of $7.09.
