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Alibaba Group logo with Retail/Wholesale background

Key Points

  • Alibaba Group has rallied due to a new AI chip design, impacting the stock performance of competitors like NVIDIA.
  • Other entertainment stocks to watch today include Target and Arista Networks, which are experiencing high trading volumes.
  • Entertainment stocks are influenced by consumer spending trends on media and leisure, as well as shifts in technology and cultural preferences.
  • Five stocks to consider instead of Alibaba Group.
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