BABA is trading at $129.06 (-3.16%) as geopolitical tensions and China's lowered growth targets pressure the stock. - Geopolitical friction from the U.S.-Iran conflict and rising oil prices are weighing on investor sentiment, alongside China's lowered economic growth target of 4.5-5%. - Allegations regarding U.S. military ties continue to impact shares, overshadowing the announcement of a new AI task force led by CEO Eddie Wu. - The decline comes amid a broader market retreat, with the S&P 500 down 1.29% and the Dow down 2.10%.