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Alibaba Stock Falls As AI Push Drives $10 Billion Share Sale

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Alibaba stock fell in U.S. trading after the Chinese tech giant priced a roughly $10.2 billion placement of new shares to non-U.S. investors. The move marks the latest large tech industry fundraising deal focused on AI. Alibaba Group (BABA) on Monday said it has priced 710 million new shares at 112.70 Hong Kong dollars each, according to a news release.…

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