Alibaba (BABA) Ends 11% Higher, Mirrors Chinese Market

We recently published 10 Stocks With Crazy Gains. Alibaba Group Holding Ltd. (NYSE:BABA) was one of the top performers on Monday.

Alibaba soared by as much as 11 percent at intra-day trading on Monday to hit $167.52 apiece, as investor funds fled to Chinese stocks over a stronger yuan versus a weak US dollar amid ongoing feud between President Donald Trump and Federal Reserve Chairman Jerome Powell.

At market close, the stock ended 10.17 percent higher at $166.31 apiece.

Alibaba Group Holding Ltd. (NYSE:BABA) rallied alongside its counterparts, mimicking the climb in the Chinese and Hong Kong markets after yuan strengthened versus the dollar.

Historically, data shows that a stronger yuan stands to benefit Chinese stocks, with HSBC Qianhai Securities noting that the CSI 300 climbed by an average of 18 percent during the currency’s five appreciation rounds since 2017.

Alibaba (BABA) Ends 11% Higher, Mirrors Chinese Market

Christopher Penler / Shutterstock.com

Industrial Securities also noted that inflows increase when the yuan appreciates, as foreign funds which retreated China prompt for a revaluation of Chinese shares.

In other news, the rally in Alibaba Group Holding Ltd. (NYSE:BABA) was also supported by fresh data highlighting accelerating global adoption of its Qwen artificial intelligence models.

According to Alibaba Cloud, downloads for the Qwen model have surpassed 700 million on the Hugging Face developer platform as of January 2026.

While we acknowledge the risk and potential of BABA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BABA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.