Why Alibaba Stock Trounced the Market Today

News of a fresh product release in a white-hot segment of the tech industry drew investors to Alibaba Group (BABA 2.58%) stock on Thursday. They ultimately ended up driving the Chinese tech giant's stock almost 3% higher in price, during a trading session that saw the benchmark S&P 500 (^GSPC -0.33%) close 0.3% lower. An intelligent move That day, Alibaba's Cloud unit launched the latest artificial intelligence (AI) model in its Qwen series. The somewhat awkwardly named Qwen2.5-Omni-7B is multimodal, …