Alibaba Slips to 24th in Trading Volume Despite AI Boost

On March 28, 2025, Alibaba's trading volume reached $1.73 billion, marking a 23.79% decrease from the previous day. This placed Alibaba at the 24th position in terms of trading volume for the day. Alibaba's stock price fell by 2.36%.

Alibaba has experienced a significant rally, with its stock price increasing by nearly 60% this year. This surge is largely attributed to the company's investments in artificial intelligence (AI) and the anticipated return of its co-founder, Jack Ma. The tech giant has been focusing on developing AI models optimized for smartphones and other devices, which has positively impacted its stock performance.

Alibaba's recent launch of a new AI model, Qwen2.5-Omni-7B, by its Cloud unit has further boosted investor confidence. This model is designed to enhance the efficiency and capabilities of AI applications, positioning Alibaba as a leader in the AI sector. The company's strategic investments in AI are aimed at reducing development costs and driving innovation, which has contributed to the stock's upward trajectory.

Alibaba's stock has also benefited from growing optimism surrounding China's advancements in AI technology. The launch of DeepSeek in January has further fueled investor enthusiasm, leading to a higher price target for BABA shares. The company's commitment to AI development and its strategic initiatives have positioned it favorably in the market, driving its stock price higher.