BABA is trading at $135.17 (-5.18%) as it extends a multi-day decline ahead of its quarterly earnings release today.
- Today's results will provide a critical update on the success of the company's multi-billion dollar expansion into AI and cloud infrastructure.
- Broader market sentiment remains risk-off due to geopolitical tensions in the Middle East and heavy index weakness, with the S&P 500 and Nasdaq down 1.73% and 1.93%, respectively.