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Benzinga
Benzinga
Business
Surbhi Jain

Alibaba's AI Boom Doubles David Tepper's Bet Into A Billion‑Dollar Fortune

BABA Alibaba David Tepper Qwen Jack Ma
Alibaba

Alibaba Group Holding Ltd's (NYSE:BABA) (NYSE:BABAF) AI breakout isn't just powering an 80% year-to-date rally — it's rewriting one billionaire's P&L in real time.

As Qwen stormed past 10 million downloads in its first week, igniting a sharp rerating in China tech, billionaire David Tepper's long-held Alibaba position suddenly flipped into one of the biggest mark-to-market wins of the quarter.

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