Alibaba Stock Flashes a Bearish Pattern as a $10 Billion Risk Looms
Alibaba stock has formed a rising wedge pattern, pointing to more downside, as its AI business costs rise and $10 billion dilution loom
Alibaba's stock price has formed a shape that sometimes warns of drops ahead, and the company is spending a lot of money on AI while planning to raise more cash by issuing new stock. When a company spends more than it makes and needs new money, paying close attention to whether its business is actually growing stronger helps you understand if that's smart or risky.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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