Alibaba (BABA) Ends 11% Higher, Mirrors Chinese Market

Alibaba soared by arsenic overmuch arsenic 11 percent astatine intra-day trading connected Monday to deed $167.52 apiece, arsenic capitalist funds fled to Chinese stocks implicit a stronger yuan versus a anemic US dollar amid ongoing feud betwixt President Donald Trump and Federal Reserve Chairman Jerome Powell.

At marketplace close, the banal ended 10.17 percent higher astatine $166.31 apiece.

Alibaba Group Holding Ltd. (NYSE:BABA) rallied alongside its counterparts, mimicking the ascent successful the Chinese and Hong Kong markets aft yuan strengthened versus the dollar.

Historically, information shows that a stronger yuan stands to payment Chinese stocks, with HSBC Qianhai Securities noting that the CSI 300 climbed by an mean of 18 percent during the currency’s 5 appreciation rounds since 2017.

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Industrial Securities besides noted that inflows summation erstwhile the yuan appreciates, arsenic overseas funds which retreated China punctual for a revaluation of Chinese shares.

In different news, the rally successful Alibaba Group Holding Ltd. (NYSE:BABA) was besides supported by caller information highlighting accelerating planetary adoption of its Qwen artificial quality models.

According to Alibaba Cloud, downloads for the Qwen exemplary person surpassed 700 cardinal connected the Hugging Face developer level arsenic of January 2026.

While we admit the imaginable of BABA arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.