Why Alibaba Rallied Today
Shares of Chinese tech giant Alibaba (BABA 8.25%) rallied 8.1% on Tuesday.Alibaba is not only a leader in e-commerce and digital payments but also an artificial intelligence (AI) leader in China. Its open-source model Qwen is thought to be among the best open-source models out there, ranking close to or above the latest DeepSeek on independent scoring boards such as Live Bench.Therefore, Alibaba rose today after AI chip giant Nvidia (NVDA 4.08%) suggested it would be able to recommence shipping its H20 AI c ...