BABA is trading at $147.50 (-3.14%) in pre-market, tracking broader market caution ahead of Nvidia earnings and tariff concerns.
- The stock is down from its previous close of $152.28, despite the recent launch of low-cost AI coding tools via Alibaba Cloud's Qwen 3.5 models.
- Market sentiment remains defensive with S&P 500 and Nasdaq-100 futures trading slightly lower, suggesting the move is driven by macro factors rather than company-specific news.
- No major earnings or corporate developments were released today to explain the outsized decline relative to the broader indices.