BABA is trading at 4.05% up now at $159.12 during November 24, 2025 trading. The stock is gaining ahead of Q2 FY26 earnings scheduled for November 25, with the company showing strong momentum from its Qwen AI model achieving 10 million downloads. This signals robust AI adoption and positions Alibaba competitively in the AI race. The broader market is also supporting gains, with NASDAQ up 0.98% and all S&P sectors positive. Despite recent volatility—including a 12.5% pullback over the past month and a 3.78% drop on November 14 following geopolitical concerns—the stock has recovered strongly, up 83% year-to-date. Investors are positioning ahead of tomorrow's earnings report.