From Nasdaq: 2025-03-07 02:49:00

Alibaba’s stock surged 8.6% after unveiling the QwQ-32B AI model that rivals DeepSeek. The broader Chinese tech index rose nearly 5%, with Alibaba adding $135 billion in market value. Analysts view China’s AI commitment positively, boosting investor sentiment in ETFs like Invesco Golden Dragon and MicroSectors FANG+ ETN.

Alibaba’s AI model, requiring minimal data, competes with industry giants, offering efficiency and market potential. The company invested $52 billion in AI infrastructure to strengthen its leadership. Despite the AI push, investors remain cautious about forecasting future demand and returns on investment in AI services.

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