From Yahoo Finance: 2025-04-08 09:23:00

Chinese Stocks Dominate Monday’s 10 Worst Performers as trade tensions escalate globally. Nasdaq gains 0.10%, while Dow Jones drops 0.91% and S&P 500 falls 0.23%. 10 companies, mostly Chinese, see declines as investors mitigate trade war risks.

Alibaba Group Holding Ltd. (BABA) shares plummeted by 9.06% on Monday amid US-China trade tensions. Company plans to heavily invest in Artificial Intelligence over the next three years, surpassing previous spending. Alibaba aims to compete with DeepSeek and OpenAI models for complex task solutions.

BABA ranks 4th on the list of worst performing Chinese stocks. Despite potential, AI stocks are seen as more promising for higher returns in a shorter timeframe. If interested in AI stocks with high potential and low valuation, check out our report on the cheapest AI stock.

Read more: Why Alibaba Group Holding Ltd. (BABA) Went Down On Monday?