U.S. Stock Futures Down as Dell Gains from Super Micro Fallout
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 20 2026
0mins
Should l Buy BABA?
Source: CNBC
- Market Volatility Intensifies: U.S. stock futures are down this morning as oil prices rebound, with the S&P 500 and Dow down 0.4% and 1.2%, respectively, and the Nasdaq Composite off by 0.1%, indicating a potential fourth consecutive week of losses, while the quadruple witching event could add volatility to the market.
- Dell's Significant Gains: Dell's stock rose approximately 4% as a result of the fallout from the Super Micro Computer investigation, where employees were charged with smuggling Nvidia chips to China, leading to a more than 26% drop in Super Micro's shares, highlighting Dell's competitive advantage in the market.
- FedEx's Enhanced Earnings Power: FedEx's restructuring is showing significant results, with shares jumping 9% despite the overall market decline, reflecting strong performance in its pharmaceutical and data center businesses, superb supply chain management, and an on-time freight spinoff.
- Alibaba's Price Target Cut: Mizuho lowered Alibaba's price target from $195 to $190 while maintaining a buy rating, citing soft demand and investments in AI, as Alibaba launches its own version of the OpenClaw AI platform, demonstrating its commitment to technological innovation.
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Analyst Views on BABA
Wall Street analysts forecast BABA stock price to rise
15 Analyst Rating
15 Buy
0 Hold
0 Sell
Strong Buy
Current: 125.410
Low
180.00
Averages
203.09
High
230.00
Current: 125.410
Low
180.00
Averages
203.09
High
230.00
About BABA
Alibaba Group Holding Ltd is an investment holding company mainly engaged in the provision of technology infrastructure and marketing platforms. The Company operates its business through nine segments. The China Commerce Retail segment is engaged in the China commerce retail business. The China Commerce Wholesale segment is mainly engaged in the operation of 1688.com. The Cloud Intelligence segment provides cloud services. The International Commerce Retail segment provides customer management services, sales of goods and logistics services. The International Commerce Wholesale segment is mainly engaged in the operation of Alibaba.com. The Cainiao Represents Logistics Services segment provides fulfilment services. The Local Services segment’s revenue includes platform commissions, logistics services revenue. The Digital Media and Entertainment segment engages in the operation of Youku and Alibaba. The All Others segment is mainly engaged in the Sun Art, Freshippo and other business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Analyst Outlook Remains Positive: Despite Nvidia facing export restrictions, analysts predict that improved export approvals could generate approximately $3 billion in revenue for every 100,000 H200 GPUs shipped, indicating strong market demand remains intact.
See More
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- Shipping Expectations: Huawei aims to ship approximately 750,000 units of the 950PR chip in 2023, with samples sent in January and mass production expected to start next month, setting the stage for full-scale shipments in the second half of the year, thereby enhancing Huawei's competitive position in the AI market.
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- Enhanced Software Compatibility: The new chip's improved compatibility with Nvidia's CUDA software system allows Chinese tech companies to migrate existing models more easily, which is expected to boost local developers' willingness to adopt Huawei's technology, further increasing Huawei's market share domestically.
See More
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- Clear Production Plans: Huawei aims to ship approximately 750,000 units of the 950PR chip in 2023, with samples sent out in January and mass production expected to begin next month, setting the stage for full-scale shipments in the second half of the year, thereby solidifying its market position.
- Enhanced Technical Compatibility: The 950PR chip offers improved compatibility with Nvidia's CUDA software system and faster response times, enabling Chinese tech firms to migrate existing models more easily, which is crucial as demand for AI inference computing surges in the region.
- Surging Market Demand: As China's tech sector shifts focus from model development to real-world deployment, the demand for AI inference computing is skyrocketing, and the launch of the 950PR chip aligns perfectly with this trend, potentially opening new growth avenues for Huawei.
See More
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Huawei's New AI Chip: Huawei has introduced its new AI chip, the 950 PR, which has received positive feedback from customers.
Collaboration with Alibaba: The company plans to collaborate with Alibaba to facilitate order placements for the new chip.
See More
