Your Daily Brief For November 17th

Your Daily Brief For November 17th

4 months ago1 min

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Your Brief summary

In today’s Daily Brief, we'll look at why Alibaba calling off the spinoff of its giant cloud business is a big deal.

"Alibaba's cloud division needs super-smart chips – the type Nvidia makes – to run, and now that the US has banned exports of the tiny shiny tools to China, the division’s hanging in the balance."

Key takeaways:

  • Alibaba called off the spinoff of its giant cloud business, and that has a lot to do with the US’s chip export ban
  • A second activist investing fund joined Disney’s kingdom, optimistic that the stock could double in value
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