$BABA, Alibaba's stock, has experienced a notable increase, reaching $100 for the first time in recent trading sessions. The stock is up approximately 16% this week and has gained 21.2% since the beginning of 2025. Analysts and traders have noted a strong performance, with some suggesting that breaking through the $120 resistance level could indicate a new upward trend. The stock's recent gains have been attributed to its significant exposure to artificial intelligence, making it the top-performing large-cap stock in China over the past week, with a total increase of 19%. However, some analysts caution that the stock is currently overbought, having risen in 11 of the last 13 days on heavy trading volume, and may need to consolidate before making further gains. A gap around $108 is also noted as a potential target for traders following a possible pullback.