Reported 1 day ago
Alibaba's stock rose over 7% early on Friday due to rumors about the company's investment in the AI firm DeepSeek, which is reportedly developing advanced language models. Despite a rapid decline in gains, shares were up 4.1% as investors reacted to conflicting news, including Alibaba's suggestion that it could surpass DeepSeek's technology. However, a Reuters report quoted Alibaba’s VP denying the investment rumors, leaving investors uncertain about the stock's potential.
Source: YAHOO