Why Alibaba Stock Inched Higher Today
The Motley Fool·2025-12-10 22:06

Its AI model Qwen is apparently part of a major development program across the Pacific Ocean.Following news that it is reportedly involved in a significant artificial intelligence (AI) initiative by a major U.S. tech company, Alibaba Group (BABA +1.83%) stock closed higher on Wednesday. Investors pushed the shares almost 2% skyward, a rate that beat the 0.7% gain of the benchmark S&P 500 index. A new AI initiativeBefore market open that day, Bloomberg reported that social media titan Meta Platforms is makin ...