🔴 BABA is trading 3.9% down today as profit-taking continues after AI-driven rally

BABA is trading 3.9% down at $135.60 as the stock extends a pullback following a significant rally fueled by AI investment optimism.

• The decline follows an 8.18% surge tied to positive U.S.–China chip trade sentiment, with traders now locking in gains after the stock reached $141.12 on May 14.
• Pre-market weakness reflects a continuation of this profit-taking trend alongside a broader risk-off tone in global equity futures.