Alibaba Rallies with 12.99% Surge Amid AI Investments and Tmall Strategy

1. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -3.36%, with the trading volume of 42.24B. NVIDIA CEO Jensen Huang hinted at the possibility of introducing Blackwell chips to China, potentially unlocking a $500 billion opportunity. The company is in discussions with the U.S. government for broader Chinese market access.

2. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -3.50%, with the trading volume of 27.20B. Tesla reported a 40% drop in EU sales in July, marking the seventh consecutive month of decline. Additionally, Tesla has launched a new performance version of the Model Y in Europe, featuring upgraded design elements. Samsung is set to produce Tesla's AI6 chips.

3. Alibaba Group Holding Limited (NYSE: BABA)
Alibaba Group Holding Limited surged by 12.99%, with the trading volume of 10.85B. Alibaba has invested over 100 billion yuan in AI infrastructure and product development over the past four quarters, achieving significant progress as highlighted in its latest earnings call. The company also announced its "Tmall Flash Sale" strategy, projecting significant growth and aiming for a trillion yuan transaction increment.

4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.58%, with the trading volume of 10.61B. Microsoft announces termination of support for Windows domain controller registry keys starting September 9. It denies Windows 11 update causing SSD issues, launches two AI models, and plans to retire Mobile Plans app by February 2026. Microsoft fires four employees protesting against Israel.

5. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.18%, with the trading volume of 9.14B. Apple has expanded its retail footprint in China by launching an official Apple Store on Douyin Mall, offering products with a 12-month interest-free installment plan, matching prices with its Tmall flagship store.

6. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 0.60%, with the trading volume of 8.13B. Alphabet's Google will soon face a modest EU antitrust fine related to alleged anti-competitive behavior in its ad tech business. Additionally, Google’s YouTube has reached an agreement with Fox, allowing YouTube TV users to continue accessing Fox channels.

7. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -0.89%, with the trading volume of 7.06B. Palantir Technologies achieved significant trading activity with a total volume of $7.053 billion on August 29.

8. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -1.65%, with the trading volume of 6.68B. Meta announced collaboration with Reliance Industries to provide AI models to Indian businesses. They are advancing AI-driven NPC tools for Horizon Worlds, enhancing user interaction. Recent insider trade: exec Newstead Jennifer sold 519 shares on August 26, 2025.

9. Broadcom (Nasdaq: AVGO)
Broadcom dropped solidly by -3.65%, with the trading volume of 6.41B. UBS maintained a "buy" rating for Broadcom, raising the target price from $290 to $345, citing strong momentum in its AI business. Broadcom is expected to release its latest quarterly earnings on September 4, with projected 2% year-over-year revenue growth for Q3.

10. Marvell Technology (Nasdaq: MRVL)
Marvell Technology plunged by -18.60%, with the trading volume of 6.18B. Marvell Technology's latest earnings report and guidance disappointed investors, leading to concerns about its AI prospects. Q2 revenue grew 58% to $20.1 billion, meeting expectations, while data center revenue increased 69%. Multiple analysts have downgraded Marvell's target price.