Alibaba Shares Drop by $21 Billion as AI Capex Surges Past New Cloud Revenue by 4.5 Times

NEW YORK, August 21, 2026, 11:40 EDT — Alibaba's market value dropped by $21 billion after it disclosed that its artificial intelligence capital expenditures are now outpacing new cloud revenue at a ratio of 4.5 to 1.

Marvell Shares Gain $12 Billion After Google Agreement Eases Pressure from $120 Billion Trial

Marvell Shares Gain $12 Billion After Google Agreement Eases Pressure from $120 Billion Trial

On Thursday, Marvell Technology, Inc. saw its market capitalisation rise by roughly $12.0 billion. This increase closely mirrored the headline amount of Google’s recently issued stock warrant, creating a notable symmetry. However, this parallel may draw attention away from the true economic impact of the agreement.
Canaan Shares Jump 13% on Trump Crypto Promotion as Treasury Now Accounts for 72% of Valuation

Canaan Shares Jump 13% on Trump Crypto Promotion as Treasury Now Accounts for 72% of Valuation

Canaan Inc. ended Thursday at $0.2712, rising 12.95%. The bitcoin-mining hardware producer advanced alongside a broad crypto market surge after Trump called on lawmakers to pass a “fair version” of the Digital Asset Market Clarity Act. Momentum from the White House provided an additional policy boost to gains already spurred by Treasury bond buybacks and short covering.
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US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong buy

Alphabet

NASDAQ:GOOGL 92/100 • ★★★★½
#2 Strong buy

Taiwan Semiconductor Manufacturing

NYSE:TSM 89/100 • ★★★★½
#3 Buy

S&P Global

NYSE:SPGI 88/100 • ★★★★
#4 Buy

Amazon

NASDAQ:AMZN 86/100 • ★★★★
#5 Buy on weakness

Microsoft

NASDAQ:MSFT 84/100 • ★★★★
View full portfolio
Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Flash U.S. PMIs

The 9:45 AM ET pair has the strongest broad-market potential today because growth surprises can quickly reprice Treasury yields, the dollar and rate expectations.

#2

BJ's Wholesale Club

Results can influence consumer and retail sentiment, particularly around value-seeking behavior, traffic and gross margins.

#3

Ubiquiti

Its results are relevant for communications equipment and networking demand, with earnings sensitivity to margins and product mix.

View full calendar
Times and estimates may change. Verify before trading.