Alibaba Higher on Chip News; On Holdings Football Move | Stock Movers

Alibaba announced a new artificial intelligence chip and plans to expand data center capacity, which contributed to higher share prices. ON Holdings projected high-teen sales growth as it enters golf and football markets. Viking Therapeutics released data showing its experimental obesity drug VK2735 maintained up to 97% of weight loss in maintenance dosing compared to 61% for placebo, according to Bloomberg.

Next story