🔴 BABA is trading 3% down today as stock cools off into year-end

BABA is trading at $147.50 (-3.11%) amid a Q4 pullback following a strong year, aligning with recent dull performance and a slight dip in broader US futures.

• Shares are down 15% for the quarter, reflecting neutral-to-bearish retail sentiment despite no major company-specific news today.
• The drop occurs despite continued AI momentum, including Qwen model adoption and talks for 40k-50k AMD AI chips.
• China's PLA Taiwan drills add geopolitical risk, though volatility has not yet spiked.