Alibaba, cybersecurity stocks, XPeng: Trending tickers

In this article:

Alibaba (BABA) shares are falling in early trading as concerns grow about China's economy.

A number of cybersecurity stocks include CrowdStrike (CRWD), Zscaler (ZS), Okta (OKTA), and Pal Alto Networks (PANW) are on the rise amid the broader tech rally.

Shares of XPeng (XPEV) slipped on Monday morning on reports the Chinese EV maker has undergone a new round of restructuring.

Yahoo Finance's Brad Smith and Seana Smith break down some of Monday morning's trending tickers.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Stephanie Mikulich

Video Transcript

BRAD SMITH: Let's take a look at how things are shaping up right now. Stocks are higher as the AI-euphoria pushes tech stocks higher this morning. You're taking a look at the Dow, the S&P 500, and the NASDAQ fractional gains across the board right now.

SEANA SMITH: All right, let's take a look at some of those individual trending tickers on Yahoo Finance starting with Alibaba sinking along with the rest of the Chinese market. Now some jitters around China's slowing economic growth remaining here, as the world's second-largest economy kept its loan prime rates unchanged. We're looking at losses here for Alibaba. Off just about 2.5%.

BRAD SMITH: And cyber stock's also on the move. CrowdStrike, Zscaler, Okta, and Palo Alto Networks all jumping. These stocks, buoyed by the ongoing tech rally as investors remain optimistic about the artificial intelligence-driven demand.

SEANA SMITH: And XPeng, following on a report that it is undertaking a round of organizational restructuring led by its new president, who is approaching her first year on the job. Now the changes will impact many sectors of the company, including its manufacturing and product planning. This comes amid growing competition in the Chinese EV market. You're still, though, looking at some pressure on the stock that's off just about 1.5%.

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