10 AI Stocks Getting Wall Street’s Attention

3. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 125

Alibaba Group Holding Limited (NYSE:BABA) is one of the 10 AI Stocks Getting Wall Street’s Attention. On June 17, South China Morning Post reported that the company updated its Qwen3 family of artificial intelligence (AI) models that could signal the potential roll-out in China of machine-learning technology on a range of Apple devices, including iPhones, iPads, and MacBooks.

The company announced the launch of new Qwen3 artificial intelligence models for Apple’s MLX architecture. The company announced in a post on Wechat that the models will be able to run on a range of Apple devices, including iPhone, iPad, MacBook, and Mac.

The MLX framework is designed to be user-friendly and efficient in training and deploying AI models on Apple’s silicon hardware. Through this development, Apple is aiming to expand the availability of its Apple Intelligence suite to China.

Alibaba Group Holding Limited (NYSE:BABA) is an internet giant that offers e-commerce services in China and internationally.