Alibaba Higher on Chip News; On Holdings Football Move | Stock Movers
Alibaba shares rose after launching an advanced AI chip and announcing data center expansions. On Holdings gained following positive sales growth projections and expansion into golf and football. Viking Therapeutics shares surged after releasing biotech maintenance data.
On this episode of Stock Movers: - Alibaba (BABA) shares are higher this morning after the company rolled out what it calls China’s most powerful AI chip and announced plans to expand data center capacity in the coming years. - ON Holdings (ONON) is getting a boost as it expects sales growth in the high teens over the next few years as it moves into sports including golf and football. - Viking Therapeutics (VKTX) shares surged after the biotech released data from its VK2735-102 maintenance…
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