Why Alibaba Stock Rose Today
Shares of Alibaba (NYSE: BABA) moved higher Tuesday after the company unveiled a new high-tech microchip to run its cloud servers. The semiconductor is one of China's most advanced and could help change the narrative around the stock, which has been battered due to Beijing's regulatory crackdown on China's tech sector giants.
The stock closed the trading session up by 6.2%.
Image source: Alibaba.
Source Fool.com
