Surge in Alibabas Volume Amid Tech Shifts and AI Investments

1. Nvidia (Nasdaq: NVDA)
Nvidia dropped solidly by -3.32%, with the trading volume of 42.33B. UAE AI company G42 is seeking to diversify its chip supply beyond Nvidia, including negotiations with tech giants like Amazon AWS, Google, Meta, Microsoft, and xAI for its planned AI park. Google is reportedly leading in these discussions.

2. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -3.50%, with the trading volume of 27.32B. Tesla's CEO Elon Musk states that 80% of Tesla's value will depend on the Optimus robot. Despite challenges in Europe, including executive resistance and competition, Tesla lowered Model 3 prices in China, marking its long-range version's debut with a price cut.

3. Alibaba Group Holding Limited (NYSE: BABA)
Alibaba Group Holding Limited surged by 12.90%, with the trading volume of 10.94B. Alibaba plans to invest over 380 billion yuan in the next three years to boost its computing power industry, impacting domestic AI infrastructure. Its Q1 FY 2026 financial report showed a 10% revenue growth and a 76% net profit increase, exceeding expectations.

4. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -0.58%, with the trading volume of 10.63B. UAE AI company G42 is diversifying chip supplies to reduce dependency on Nvidia, engaging with tech giants like Amazon AWS, Google, Meta, Microsoft, and Elon Musk's xAI for a planned AI park, with Google's negotiations being the most advanced.

5. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.18%, with the trading volume of 9.16B. Apple is expanding its retail footprint in India with a new store, Apple Hebbal, set to open in Bangalore on September 2. This follows the openings of Apple BKC in Mumbai and Apple Saket in Delhi. Apple also plans to remove physical SIM card slots in more countries for the iPhone 17 series.

6. Alphabet (Nasdaq: GOOGL)
Alphabet gained mildly by 0.60%, with the trading volume of 8.44B. UAE's AI company G42 is seeking to diversify its chip suppliers to reduce reliance on Nvidia. They are negotiating with major tech companies including Amazon AWS, Google, Meta, Microsoft, and Elon Musk’s xAI, with Google likely to sign a computing power procurement deal soon.

7. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -0.89%, with the trading volume of 7.27B. South Korean retail investors showed significant interest in Palantir Technologies, with substantial net purchases over the past week.

8. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -1.65%, with the trading volume of 6.70B. Meta and Scale AI's partnership faced challenges as major investment leads to strained relations and data quality concerns. Additionally, Meta plans to release a smart glasses SDK, diverging from trends by opting for LCoS over Micro LED technology.

9. Broadcom (Nasdaq: AVGO)
Broadcom dropped solidly by -3.65%, with the trading volume of 6.42B. Broadcom (AVGO.US) is expected to report a 21% revenue increase to $15.82 billion for Q3, with EPS projected at $1.66. Oppenheimer reaffirmed its "outperform" rating, raising the target price to $325. The AI business could exceed $5 billion in revenue.

10. Marvell Technology (Nasdaq: MRVL)
Marvell Technology plunged by -18.60%, with the trading volume of 6.19B. Company XYZ announced plans for global expansion, focusing on emerging markets and sustainable initiatives. New partnerships aim to enhance technological capabilities, while leadership emphasizes innovation and growth potential.