Alibaba stock price: What to watch after BABA slips 2.7% as AI-chip questions hang over China tech
Alibaba Group Holding Ltd.’s U.S.-listed shares dropped 2.7% on Friday, closing at $169.56. The Nasdaq slipped 0.9%, while trading volume for Alibaba remained below its 50-day average. The ADRs now stand roughly 12% below their 52-week high from Oct. 2, highlighting just how fast sentiment can shift in China tech stocks.