Tech Five: Shares of Alibaba continue to slide

Alibaba shares were getting hit again Wednesday morning. Shares of the Chinese e-commerce company slid Tuesday to the lowest point since its September IPO, and were still trading down nearly 3% at about $78 per share during morning trading.

Let's take a look at the tech stocks to watch Wednesday:

Alibaba (BABA): Alibaba's dramatic decline Tuesday came as the Shanghai Composite Index sunk for the fourth time in five days. Company shares plunged about 4% during midday trading Tuesday -- hitting a low of about $77 per share.

Yahoo (YHOO): Yahoo, which has a stake in Alibaba, also experienced a dip in its stock as shares of the Chinese e-commerce company plunged. Yahoo has been planning to spin off its stake in Chinese e-commerce giant Alibaba into a new company later this year. Yahoo shares were down nearly 3% Wednesday morning.

Microsoft (MSFT): Major job cuts are coming to Microsoft -- again. One year after announcing a round of cuts that affected 18,000 employees, the company announced Wednesday that it will cut 7,800 employees in a round of job cuts related to its smartphone business.

Advanced Micro Devices (AMD): The swift decline of Advanced Micro Devices persisted Wednesday as Intel continues to pull ahead in the chip making market. Shares of AMD slid 15% Tuesday after the company significantly cut its second-quarter sales outlook. Shares were still down nearly 3% during morning trading.

Google (GOOG): Google has started to deploy its self driving cars in Austin, Texas. Soon, the streets of Austin will be met with two of Google's heavily modified Lexus RX450 hybrid SUVs. These cars are hitting the road after six years and 1.8 million miles of testing in Nevada and Silicon Valley hometown.

Follow Trisha Thadani on Twitter: @TrishaThadani