Is Alibaba Stock a Buy as It Reveals It's Behind the Viral Happy Horse AI Model?

Alibaba (BABA) is finding itself in the spotlight once again, but this time it's not due to ongoing corporate restructuring or the performance of its e-commerce business. Instead, investors are focused on how the tech giant is playing a major role in the development of AI in China. More precisely, reports recently emerged about how Alibaba is the developer behind the Happy Horse text-to-video AI model that briefly topped global charts.

While investors used to care about whether or not Alibaba had turned the corner, it appears the question is not as relevant. Now, people are wondering whether or not Alibaba's AI performance will cause the price of BABA stock to go higher. Indeed, this is an area where Big Tech has been waging an aggressive war around the world, with China increasingly trying to catch up.