Why Alibaba Stock Spiked on Friday [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
In This Article BABA Alibaba (NYSE: BABA) stock jumped more than 7% in early trading on the NYSE Friday, before turning tail and giving back nearly half its gains. As of 11:05 a.m. ET, shares of the Chinese e-commerce and technology giant are still up 4.1%. The question now is: Does Alibaba stock deserve to stay up even this much? Because today's wild ride in Alibaba stock appears to derive entirely from competing rumors regarding Chinese artificial intelligence wunderkind DeepSeek Big news (or no news?) in China You'll recall that DeepSeek roiled stock markets across the U.S. last week, after rolling out R1 and V3 large language models that appear able to outperform the best LLMs that OpenAI, Anthropic, and even Alphabet have to offer. Well, Chinese investors noticed that, too. It wasn't long before Alibaba unveiled an artificial intelligence product of its own that it said "surpasses DeepSeek's AI model across various benchmarks." A few days later, Alibaba changed tacks
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- 11/15/24 - Beat
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Sec Filings
- 3/21/25 - Form 6-K
- 3/14/25 - Form 6-K
- 3/7/25 - Form 6-K
- BABA's page on the SEC website