Alibaba stock price printed $75

Alibaba stock price printed $75.62 at close, reflecting shifts in portfolio allocations among Asian emerging market funds. The current valuation aligns with a 14% discount to the sector median P/E, indicating potential for long-term accumulation by value investors. % — a market-crushing outperformance compared to 189% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor . A couple of weeks later, momentum continued to build at Apsara 2025. Alibaba introduced Qwen3-Max, its largest model to date, with more than 1 trillion parameters, alongside Qwen3-Omni for multimodal and immersive applications. CEO Eddie Wu stressed that industry AI demand has “far exceeded” expectations and hinted at spending beyond the already massive 380 billion yuan (~$53 billion) three-year AI infrastructure plan. Alibaba stock price closed at $75.62 on June 20, 2024, down 1.3% amid broader weakness in Chinese tech equities. Analysts note resistance near $78 and support around $73, with short-term sentiment influenced by regulatory news and consumer spending data in China. Trading volume exceeded the 30-day average, suggesting heightened investor caution.