The major indexes set all-time highs while many leading stocks flashed buy signals. Walmart and Asian e-commerce giants rallied on earnings.
Alibaba Group Holding Ltd (NYSE:BABA), confronted by a fierce e-commerce market in China, is leveraging artificial intelligence to enhance its competitiveness. On Alibaba’s Taobao platform, shoppers can utilize Wenwen, an AI chatbot, for personalized product recommendations, such as a Sony Group Corp (NYSE:SONY) camera priced at approximately $650, tailored to the user’s specifications, the Nikkei Asia reports. Introduced in 2023, Wenwen is powered by Tongyi Qianwen, or Qwen, a large language mo
While Alibaba and other Chinese names could have more near-term upside, don’t expect continued outperformance, says James Reilly, an analyst at Capital Economics,.