Chinese tech stocks rise after strong earnings from US giants Microsoft and Alphabet

From Seeking Alpha: 2024-04-26 10:27:47

Chinese tech stocks saw gains following strong earnings reports from U.S. tech giants Microsoft and Alphabet. Bilibili surged 7%, Baidu rose 3%, Alibaba climbed 2%, JD.com jumped 5%, and NetEase saw a 3% increase. Google’s parent Alphabet stock soared 10% with revenue up 15% and Microsoft received praise for strong AI monetization. However, Intel’s stock fell 10% on weaker guidance.



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