Movement Alert｜Alibaba Rises 3.38% in Pre-Market Trading, Qwen Large Model Enters Deep Testing in Tesla China In-Car System

Market Focus

7 hours ago

On July 31, Alibaba rose 3.38% in pre-market trading, trading at approximately $119.01/share, with turnover of $4.07 million.

On the news front, multiple sources revealed that Alibaba's Qwen large model has entered the deep testing phase for Tesla China's in-car system, with capabilities spanning voice interaction, vehicle control, and navigation, and is expected to launch imminently. The collaboration is reportedly not a simple app integration but involves deep-level technical cooperation including model deployment within the vehicle's onboard system. Neither Alibaba nor Tesla has officially commented on the matter.

Further supporting sentiment, Microsoft's latest quarterly earnings showed cloud revenue growth exceeding 40% year-over-year with capital expenditure below expectations, driving a revaluation of global cloud computing and tech platform stocks. UBS also recently raised its target price for Alibaba while maintaining a positive rating, forecasting second-quarter revenue growth of 9% year-over-year. Additionally, Alibaba released the Qwen-Audio-3.0-ASR-Flash speech recognition model on the same day, enhancing its AI voice technology capabilities for professional vocabulary recognition.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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