Alibaba Soars; Micron Forecast; Lithium Americas Loan
On this episode of Stock Movers:
- Alibaba (BABA) shares surged to their highest in nearly four years after revealing plans to ramp up AI spending past an original $50 billion-plus target, joining tech leaders pledging ever-greater sums toward a global race for technological breakthroughs.
- Micron Technology (MU) shares are up after the chipmaker gave a forecast that showed strong AI-related demand.
- Lithium Americas (LAC) shares soar 56% in premarket trading on Wednesday after reports revealed the US is seeking an equity stake in the company as it renegotiates terms of a $2.3 billion government loan.
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