Movement Alert｜Alibaba Rises 3.24% Overnight, Microsoft Cloud Earnings Boost Tech Sector Sentiment

Market Focus

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On July 31, Alibaba rose 3.24% overnight, trading at $119.94/share, with turnover of $26.87 million.

On the news front, Microsoft reported quarterly results showing cloud revenue surging over 40% year-over-year, with capital expenditure coming in below expectations. Microsoft shares jumped more than 7% post-earnings, triggering a broad revaluation of global cloud computing and tech platform stocks. Alibaba, which operates a significant cloud intelligence business, benefited directly from this sector-wide uplift.

Additionally, UBS recently raised its target price for Alibaba while maintaining an active positive rating, projecting the company's second-quarter revenue to grow 9% year-over-year. Within the Broadline Retail sector, Amazon rose 9.75%, PDD Holdings rose 0.45%, Coupang rose 0.81%, MercadoLibre rose 0.17%, while Sea Ltd fell 0.6%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"1196920775","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1196920775","pubTimestamp":1785465449,"columns":[{"name":"行业数据","id":30,"label_key":"dataReport"}],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 31, Alibaba rose 3.24% overnight, trading at $119.94/share, with turnover of $26.87 million.On the news front, Microsoft reported quarterly results showing cloud revenue surging over 40%...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"动态警报|阿里巴巴隔夜上涨3.24%，微软云盈利提振科技板块情绪","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/eff6080b48fd206408a47aa4fa0d2c7f","symbols_score_info":{"BABA":1},"content_text":"On July 31, Alibaba rose 3.24% overnight, trading at $119.94/share, with turnover of $26.87 million.On the news front, Microsoft reported quarterly results showing cloud revenue surging over 40% year-over-year, with capital expenditure coming in below expectations. 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