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CNBC Daily Open: Alibaba surges and Amazon beats Walmart

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Alibaba posted a 239% year-over-year jump in net profit in the final quarter of 2024, and Amazon's quarterly revenue surpassed Walmart's for the first time.
The article from CNBC Daily Open discusses recent developments in the tech and retail sectors. Alibaba's stock surged after the company announced a significant corporate restructuring, aiming to streamline its operations into six separate business units, which could potentially lead to individual IPOs. This move is seen as an attempt to unlock shareholder value and adapt to regulatory pressures in China. Meanwhile, Amazon has outperformed Walmart in terms of stock performance, with Amazon's shares rising due to strong earnings reports and positive outlooks on its cloud computing division, AWS. The article also touches on broader market sentiments, noting that despite economic uncertainties, tech giants like Amazon and Alibaba are showing resilience and growth potential.

Read the Full CNBC Article at:
[ https://www.msn.com/en-us/money/companies/cnbc-daily-open-alibaba-surges-and-amazon-beats-walmart/ar-AA1ztPrw ]