On August 3, Alibaba rose 3.27% overnight, trading at $125.98/share, with turnover of $13.64 million.

On the news front, multiple sources revealed that Alibaba's Qwen large language model has entered a deep testing phase within Tesla's China in-car system, featuring voice interaction, vehicle control, and navigation capabilities, with deployment imminent. The collaboration reportedly goes beyond a simple app integration, involving model-level deep technical cooperation within the vehicle's onboard system.

Additionally, Microsoft's latest quarterly earnings showed cloud revenue growth exceeding 40% year-over-year with capital expenditure below expectations, driving a broad revaluation of global cloud computing and tech platform stocks. UBS also recently raised its target price on Alibaba while maintaining a positive rating, forecasting second-quarter revenue growth of 9% year-over-year.

Within the Broadline Retail sector, Amazon up 1.23%, eBay up 0.70%, MercadoLibre up 0.38%, Sea Ltd up 0.28%, PDD Holdings down 0.17%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)