🟢 BABA is trading 3.2% up today on AI leadership pivot and broader market rally

BABA is trading at $132.13 (+3.2%) following the appointment of former Cloud CTO Zhou Jingren to lead its AI unit amid a broader market rally.

• The leadership change signals a strategic pivot from open-source to monetizable AI models integrated across Alibaba's consumer ecosystem.
• Gains are supported by a 1.27% rise in the Nasdaq, driven by optimism surrounding a potential US-Iran deal, which has boosted risk assets and tech stocks. [Hero News ID: 69de2df63a75502787428f14]