What's Going On With Alibaba Stock Monday?

Benzinga
2025.09.15 11:08
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Alibaba Group's stock (BABA) rose 2.06% to $158.26 on Monday, driven by optimism surrounding its AI advancements. The company launched Qwen3-Next-80B-A3B, a cost-efficient AI model that outperforms its predecessor while being smaller. This model has gained traction, with nearly 20,000 downloads on its first day. Additionally, Alibaba's new AI-powered service, Amap Street Stars, attracted over 40 million users, positioning it as a competitor to Google Maps and potentially impacting Meituan's revenue. Year-to-date, Alibaba's stock has surged 83%, significantly outperforming the NYSE Composite Index's 12% return.