rating and a $209. 00 price objective for the company. Freedom Capital upgraded shares of Alibaba Group from a GetAlibaba Groupalerts: Alibaba Group Price Performance The AI Chip Blockade Is Creating a Shadow Market Shares of BABA opened at $129. Alibaba Group News Summary Here are the key news stories impacting Alibaba Group this week: Positive Sentiment: Cloud growth remains a major catalyst: Alibaba said cloud revenue increased 45% year over year, driven by demand for AI-related services. Overall quarterly revenue rose 9%, while the “618” shopping festival supported the core e-commerce business. Alibaba cloud revenue rises 45% even as AI spending weighs on profit Positive Sentiment: AI strategy is attracting investor interest: Alibaba continues to expand its Qwen AI ecosystem and recently introduced new AI tools for consumers and merchants.