Alibaba becomes China’s new AI darling with $87 billion rally
Published On Feb 12, 2025, 5:52 AM
Alibaba's stock has surged by 46% since January 13, 2025, largely driven by renewed investor interest in AI technology following a tough period marked by regulatory scrutiny. With a market capitalization increase of almost $87 billion, Alibaba's initiatives in AI development have positioned it as a frontrunner among Chinese tech stocks. Optimism has been bolstered by partnerships, particularly with Apple, which is reportedly working with Alibaba to integrate AI features in China. Analysts express positivity about Alibaba’s potential growth, rebutting previous concerns regarding its business performance after regulatory crackdowns and the pandemic's impact.
Stock Forecasts
BABA
Positive
The stock has been performing exceptionally well due to its focus on AI development and partnerships with major tech firms like Apple. Analysts predict continued strength in Alibaba's share price as it repositions itself in the AI market, countering previous downturns caused by governmental issues.
Related News
What DeepSeek’s Success Tells Us About China’s Ability to Nurture Talent
Feb 10, 2025, 12:01 AM
China produces a vast number of STEM graduates, but it hasn’t been known for innovation. Cultural and political factors may help explain why.
U.S. Postal Service Halts Parcel Service From China as Trump’s Trade Curbs Begin
Feb 4, 2025, 9:34 PM
The U.S. has been importing about three million parcels a day with little customs inspection, raising concerns about the ease of sending fentanyl.
Alibaba touts new AI model it says rivals DeepSeek, OpenAI, Meta's top offerings
Jan 29, 2025, 12:27 PM
Alibaba says the latest version of its Qwen 2.5 artificial intelligence model can take on fellow Chinese firm DeepSeek's V3 as well as the top models from U.S. rivals OpenAI and Meta.