🟢 Alibaba is trading 3.1% up in pre-market on Alibaba Cloud AI momentum

BABA is trading at $172.18 (+3.1%) in pre-market after receiving positive analyst coverage from CICC, which highlighted Alibaba Cloud's AI-native focus and potential for a 30%+ revenue CAGR.

• The current pre-market gains follow a significant rally, seeing the stock surge nearly 14% over the past week.
• CICC views overseas expansion and the open-source Qwen models as a key driver for future growth.
• This move is company-specific, contrasting with a lower broader market environment driven by rate worries.