BofA Says $10.2B Raise May ‘Weigh On Sentiment’
Alibaba shares fell despite the launch of Wan3.0, with investors focused on the impact of its latest capital raise. BofA warned the deal could “initially weigh on sentiment” because of dilution, higher AI depreciation and continued capital spending. The bank nevertheless called the raise “a mix of growth financing, funding diversification, and pre-emptive balance-sheet strengthening.”…