Sep 23, 2026 · 6 min

China jitters hit Alibaba as quantum and travel bets lift shares

Alibaba and KBHomes Fall; Royal Caribbean and IonQ Up

The episode shows how geopolitical risk, technical breakthroughs, corporate deals, and housing weakness are pulling markets in different directions.

3 key takeaways

1A reported Chinese data-security probe and U.S.-China uncertainty pressured Alibaba and other Chinese AI shares.
2IonQ gained after reporting progress on quantum error correction, a key step toward more reliable quantum computing.
3Royal Caribbean rose on its $3 billion Sandals Resorts venture while KB Home cut its housing revenue outlook.

Don't miss

IonQ’s reported quantum error-correction progress stands out as the episode’s clearest technology catalyst.

The brief

Nathan Hager and Dan Curtis open Bloomberg’s Stock Movers Report with a market shaped by sharply different company-specific catalysts.

Alibaba and other Chinese AI shares weaken as a reported data-security probe involving DeepSeek and Moonshot AI adds pressure amid U.S.-China uncertainty.

IonQ moves higher after a reported quantum error-correction development, highlighting the technology’s central challenge: making quantum systems reliable enough to use.

Royal Caribbean shares rise after the company agrees to buy a 50% Sandals Resorts stake for about $3 billion, linking cruises with all-inclusive stays.

KB Home closes the roundup with a warning sign for housing: despite beating quarterly earnings expectations, it lowers its revenue outlook and flags margin pressure.

What was said on this episode

11 statements · 7 positive · 4 negative

Dan Curtison Alibaba Group Holding LimitedNegative1:01
Alibaba ADRs are down 3% in premarket trading.
“Alibaba, the ADR's trade under BABA, is down 3% in the pre-market.”
Listen at 1:01
Dan Curtison Chinese AI stocksNegative1:22
The DeepSeek and Moonshot AI probe is pressuring Chinese AI stocks.
“it's adding pressure to the space.”
Listen at 1:22
Dan Curtison Exclusion of Chinese AI executives from U.S. delegationNegative1:48
Excluding Chinese AI executives from the delegation is worsening sentiment.
“the executives not being there is adding to some more negative sentiment this morning.”
Listen at 1:48
Dan Curtison IonQPositive2:11
IonQ is up 15% in premarket trading.
“IRQ up 15% in the pre-market”
Listen at 2:11
Dan Curtison Quantum error correctionPositive2:25
Quantum error correction is essential for quantum computing.
“error correction is essential for quantum computing”
Listen at 2:25
Dan Curtison IonQPositive2:49
IonQ's reported breakthrough has lifted its shares 15% premarket.
“That has IonQ up 15% in the pre-market.”
Listen at 2:49
Dan Curtison Rigetti ComputingPositive2:56
Rigetti Computing is up 6% in premarket trading.
“Rigetti Computing, RGTI up 6%.”
Listen at 2:56
Dan Curtison D-Wave QuantumPositive2:59
D-Wave Quantum is also rising in premarket trading.
“Same for D-Wave Quantum, QBTS.”
Listen at 2:59
Dan Curtison Royal CaribbeanPositive3:19
Royal Caribbean shares are up 2%.
“Royal Caribbean is up 2%.”
Listen at 3:19
Dan Curtison Royal Caribbean-Sandals Resorts joint venturePositive3:37
The Sandals deal will give Royal Caribbean access to Caribbean resorts.
“This will give the cruise operator access to the Sandals all-inclusive resorts across the Caribbean.”
Listen at 3:37
Dan Curtison KB HomeNegative4:09
KB Home shares are falling about 1% premarket.
“the shares are falling about 1% in the pre-market ticker KBH.”
Listen at 4:09

Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.

Featuring

Nathan Hager DCDan Curtis

Mentioned

AGAlibaba Group Holding Limited

IonQ KHKB Home CChina

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