
Alibaba Group Holding Ltd. (NYSE:BABA) stock climbed on Monday as strong performance in its cloud business and advances in artificial intelligence models offset investor concerns over escalating U.S.-China tensions.
Analysts from Goldman Sachs, Daiwa Securities, and China International Capital Corporation (CICC) highlighted Alibaba Cloud’s growth and early profit recovery on Taobao and Tmall as key drivers behind the rebound.