Alibaba Stock Breaks Past 52-Week High As AI Frenzy Heats Up

Benzinga

Alibaba shares jumped 5%, making it September’s top Chinese tech performer with a 112% gain this year. Its Qwen3-Omni AI system topped Hugging Face’s trending list, surpassing Meta’s Llama in audio and image recognition. The surge highlights Alibaba’s cloud and AI strategy and China’s rising influence in global AI.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Alibaba shares rose about 5% on Monday as investors gained confidence in its cloud computing and artificial intelligence strategy.

00:09Raleigh made it the best performing Chinese tech stock in September, according to Bloomberg.

00:12Raleigh pushed the stock above its 52-week high, capping a year-to-date gain of more than 112%,

00:17pure the 13% rise in the NYSE Composite Index.

00:21Alibaba's QIN3 Omni Multimodal AI System topped Hugging Faces' trending model list,

00:26outperforming rivals in audio and image recognition.

00:28The company's models now make up half of Hugging Faces' top 10,

00:32surpassing made-as-lama and underscoring China's growing influence in AI.

00:36Pre-market on Tuesday, the stock traded 1.16% higher at $181.99.

00:41For all things money, visit Benzinga.com.

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