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(Updates with index/price moves and company/geopolitical news from the first paragraph.) US equit

Alibaba recently unveiled Qwen3.8-Max, a 2.4 trillion-parameter AI model that it claims matches leading global systems and plans to release as open weights for developers worldwide. This move ties Alibaba’s core cloud and AI efforts more tightly to the global open-source ecosystem, potentially increasing developer adoption and cloud usage over time. We’ll now examine how Alibaba’s Qwen3.8-Max open-weight launch could reshape its AI-and-cloud-focused investment narrative for investors. Invest...

The model uses 2.4 trillion parameters and will be released publicly next week.

Dolby's discounted valuation and $756 million cash balance support its long-term case as premium formats and auto licensing expand.

Alibaba shares were gaining on Monday after the Chinese company unveiled its largest artificial-intelligence model yet. It’s another sign that China’s “open” AI push will keep piling pressure on American model providers. Alibaba’s American depositary receipts were rising 4.6% after the company launched its latest model, called Qwen 3.8-Max.

Worries over increased competition from China sent semiconductor stocks lower on Monday.

Worries over increased competition from China sent semiconductor stocks lower on Monday.

Worries over increased competition from China sent semiconductor stocks lower on Monday.

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.5%, and the actively tra

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock

Shares in Alibaba Group (NYSE:BABA) rose 4% in pre-market trading in New York after the Chinese technology group unveiled the most capable version yet of its Qwen artificial intelligence model. The Hangzhou-based ecommerce and cloud computing company said Qwen 3.8-Max was the strongest model...

Alibaba Stock Rallies After Unveiling Powerful New Qwen AI Model

Software stocks help power the market higher after President Donald Trump says he will restart talks with Iran.

↗️↘️AstraZeneca (AZN, UK:AZN), Bristol Myers Squibb (BMY): The drug companies are in talks to combine in a deal that would value the joint company at roughly $400 billion, the Financial Times reported.

Despite the risk-on mood, Stocktwits retail sentiment remained bearish on both the SPY and QQQ ETFs.

Alibaba said it made Qwen3.8-Max widely accessible to global users ahead of an open-weights release next week.

New Chinese AI models including Alibaba's flagship system that claims performance similar to Anthropic's Fable is intensifying the rivalry between China and the US over AI. Bloomberg's Minmin Low has the latest.

(Bloomberg) -- Alibaba Group Holding Ltd. released its latest flagship AI model, with performance claims putting it alongside global leaders like Anthropic’s Fable.Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedSaudi Prince Concerned Over Trump’s Iran Strike Plan: AxiosSingapore's Gated Island for the Rich Is Marred by Decayed HomesIndia’s Family Offices Embrace Profit-Sharing to Attract Top TalentCrushed by Kospi Rout, Angry Koreans Rip Lee and Vow Not to BuyThe new

Restricting Chinese open models could protect U.S. developers but increase costs for U.S. users and slow AI adoption, analysts say.

Alibaba Group Holding (NYSE:BABA) is supplying cloud infrastructure to support a major Nvidia chip cluster for Chinese AI firm Moonshot. The deal is designed to power Moonshot's next generation AI models that are being developed to compete with leading global systems. Alibaba is both a key cloud provider and a major investor in Moonshot, linking its cloud strategy directly to AI model development. Alibaba Group Holding has been working to grow its cloud computing and AI capabilities...

The benchmark 10-year Treasury yield topped 4.7% on the day, its highest level since January 2025.

Cloud growth comes with an unusual competitive trade-off

Key takeawaysMoonshot AI reportedly accesses roughly 20,000 Nvidia chips through a computing agreement with Alibaba Group. The Hopper-generation cluster provides a significant portion of the computing capacity behind Moonshot’s Kimi models.

Moonshot reportedly gained access to computing capacity equal to about 20,000 Nvidia chips.

Amazon (AMZN) stock is ripping higher on Friday after the e-commerce and cloud computing giant delivered a blockbuster Q2 report that comfortably exceeded Wall Street's expectations.

Bloomberg reporting alleges that Moonshot, the lab behind Kimi K3, has a computing agreement with Alibaba for roughly 20,000 H200 Nvidia GPUs.

AI startup Moonshot has built its flagship model using a massive cluster of Nvidia chips leased from backer Alibaba Group Holding Ltd.

Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (X

Stocks rose in midday trading Friday, erasing earlier losses as investors assessed earnings from maj

Chinese AI firm Moonshot has a computing agreement with Alibaba Group for the use of about 20,000 Nvidia chips, ‌Bloomberg News reported on Friday, citing people familiar with the matter. Alibaba, ‌one of Moonshot's largest investors, expects portfolio companies to use its cloud, the report said. The Nvidia chip cluster Alibaba provides accounts for a key portion of the computing power behind Moonshot's Kimi models, it added.