BABA is trading at $162.58 (+3.06%) today, snapping a six-day losing streak as U.S. markets surge.
- Positive AI momentum supports the gain, with Alibaba's Qwen app topping China App Store charts alongside Lunar New Year promotions.
- The rebound aligns with a broad tech recovery as the S&P 500 and Nasdaq rise 1.99% and 2.17%, respectively.