Why BABA Stock Is Up in Premarket: AI Spending and New Model Launch
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最新报道：Alibaba shares surged to a nearly four-year high after announcing plans to exceed its $53 billion AI investment commitment and unveiling the trillion-parameter Qwen3-Max language model. CEO Eddie Wu revealed global expansion plans for data centers while positioning the company to compete with global AI leaders. The stock rose 9% in premarket trading, building on its 97% YTD gains, with analysts maintaining positive price targets up to $195.41.
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