Alibaba has expanded its share buyback program to $25 billion worth of stock over the next two years. Many analysts are pointing to shifts in the Chinese regulatory environment as the catalyst for this move.
Following Jerome Powell’s comments indicating that the Fed would move to rein in inflation while avoiding much-feared drastic steps this year, tech stocks jumped, thus boosting several key Indices.
Key Indices shot up on Tuesday, led by semiconductor stocks, and Nvidia in particular. How long will this momentum last?
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