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Alibaba Drops, SoftBank Bond Sale, Bitcoin Rally | Stock Movers

Bloomberg Technology Monday 24 August 2026, 14:26 UTC 1 min read
Key Points

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Alibaba (BABA) is tumbling after announcing a plan to raise about HK$80 billion ($10.2 billion) from a share sale. The share placement is expected to dilute earnings and hurt stock performance in the near term, analysts said.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Alibaba (BABA) is tumbling after announcing a plan to raise about HK$80 billion ($10.2 billion) from a share sale. The share placement is expected to dilute earnings and hurt stock performance in the near term, analysts said. Meanwhile, the fundraising will help drive AI-led growth and the impact on earnings will be limited if the company can improve AI payoffs, they added. The tech and chip sectors are seeing a broader selloff globally. - SoftBank (SFTBY) is moving on news it plans a record ¥1 trillion retail bond sale to raise funds for its investment commitments to OpenAI. - Bitcoin (BTC) is continuing its rally. Spot Bitcoin exchange-traded funds had their strongest weekly inflow in 10 months last week as the original cryptocurrency surged. (Source: Bloomberg)
Alibaba Drops (PERSON) SoftBank Bond Sale (ORG) Bitcoin Rally | Stock Movers (ORG) Stock Movers (ORG) Alibaba (LOCATION) BABA (ORG) AI (ORG) SoftBank (ORG) SFTBY (ORG) BTC (ORG) Bloomberg (PERSON)
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