U.S. stock futures for the Dow, S&P 500, and Nasdaq have seen a decline today, despite some tariff relief for automakers. In contrast, Alibaba Group Holding Ltd. has experienced a significant increase in its stock value.

Shares of Alibaba rose by 8.61% to $141.03 at market close, marking its largest single-day gain in weeks. The stock continued to rise in after-hours trading, reaching $141.86. This surge follows the company’s announcement regarding the open-sourcing of its QwQ-32B model, which reportedly delivers DeepSeek-level performance while using only 5% of the data parameters of its predecessor.

This advancement positions Alibaba as a leader in China’s growing AI sector, contributing to an approximate $135 billion increase in market value this year. Analysts credit the stock’s rise to:

• Improving core business fundamentals
• Heightened government support for consumption
• Potential advantages of AI developments in its cloud computing division

📎 Related coverage from: yahoo.com