#Forex Haberleri

$87 Billion Rally from Alibaba

Alibaba emerged as one of the biggest winners of the Chinese impact in artificial intelligence. The company’s shares surged by 46 percent, increasing its market value by $87 billion. Analysts noted that the luck of the company, going through tough times, surprisingly turned around. The e-commerce giant Alibaba became a favorite among investors once again, driven by the Chinese-based artificial intelligence trend. The artificial intelligence rally that began with DeepSeek gave new life to the company, which has long been dealing with regulatory pressures. Alibaba’s shares traded in Hong Kong have shown a 46 percent increase since January 13, adding $87 billion to its market value. The company’s shares are currently trading at 115.8 Hong Kong dollars. Therefore, Alibaba outperformed the Hang Seng Technology Index’s 25 percent gain. Alibaba was going through tough times due to Beijing’s pressure and declining consumption after the coronavirus epidemic. Analysts stated that with the rally, the fortune of the technology giant surprisingly reversed. It was noted that the optimism about Alibaba’s efforts to develop its own artificial intelligence services and platform played a role in the rise of the shares. DeepSeek, a Chinese artificial intelligence initiative with low-cost artificial intelligence tools, had surrounded US technology giants. With this development, Chinese companies had begun to increase their influence in the field of artificial intelligence.

$87 Billion Rally from Alibaba

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