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Alibaba shares have surged in Hong Kong trading, rising 3% and reaching nearly $90 within 24 hours. The stock closed up 4.82% to $88.49, a high not seen since May 20, and is headed for new yearly highs. The rise follows the release of new open-source artificial intelligence models and text-to-video AI technology by Alibaba. Additionally, Alibaba's inclusion in China's Stock Connect program has contributed to increased buying from mainland investors through the Southbound Stock Connect. David Tepper continues to hold Alibaba as his top bet.
Last week, $BABA Hong Kong shares were added to China's Stock Connect program, giving 200 million mainland investors access. Now the stock is headed for new YTD highs. 👀 https://t.co/G3hY3m5jiy
$BABA Southbound Stock Connect net buying in HK from mainland investors. Big day today! https://t.co/ItZXYvEcid
$BABA David Tepper's top bet may finally start moving higher. Alibaba released new open-source artificial intelligence models and text-to-video AI technology on Thursday. $BABA closed up 4.82% to $88.49, a high not seen since May 20. David Tepper still holds $BABA as its top… https://t.co/zHohrMeAVt https://t.co/tKYCyA3ZME
