Alibaba stock (BABA) spikes 12% premarket. Inside the AI growth, Pentagon legal win, and what to expect from upcoming earnings.

BABA stock rises 2% premarket as Alibaba wins temporary relief from a Pentagon lobbying ban amid a broader tech rebound.

Alibaba stock (BABA) spikes 12% premarket. Inside the AI growth, Pentagon legal win, and what to expect from upcoming earnings.

UBS and Jefferies project the firm’s revenue to accelerate to 9% in June quarter, well above the 3% recorded in the previous quarter.

U.S. stocks fell, Nasdaq down 100 points. Penguin Solutions Inc (PENG) rose 18.8% after better-than-expected earnings. Other big gainers: PRME, BZH, WULF, VRXA, BABA, ACDC, KC,…