BABA is trading at $143.59 (-3.02%) as hotter-than-expected Producer Price Index (PPI) data signals persistent inflation, triggering a broad market selloff.
- The stock is underperforming major benchmarks, with the S&P 500 down 0.88% and the NASDAQ falling 1.32% during today's session.
- While Alibaba recently launched a low-cost AI-powered coding platform utilizing its Qwen 3.5 model, the news has failed to provide a sufficient catalyst to offset macro-driven tech sector weakness.
- The decline reflects general market sentiment as investors react to data suggesting interest rates may remain elevated for longer than anticipated.