Why Alibaba Stock Gained 16.6% Last Month
Shares of Alibaba Group ( BABA 1.44%) rose 16.6% in January 2025, according to data from S&P Global Market Intelligence. The China-based e-commerce and cloud computing giant soared on the same news that drove Nvidia ( NVDA 2.79%) shares nearly 11% lower last month: the introduction of a new artificial intelligence (AI) system called DeepSeek.