Following the announcement of a new artificial intelligence model, Alibaba stocks surged sharply. The company’s shares registered the best daily performance in two weeks with a 7.5% increase. Alibaba stocks showed the strongest increase in recent weeks, influenced by the new artificial intelligence model performance. Alibaba released the QwQ-32B model, claiming to perform as well as DeepSeek. The platform made significant progress compared to the previous version by using approximately 5% of the parameters DeepSeek’s R1 model used. Following this development, Alibaba’s shares recorded a nearly two-week high with a 7.5% daily increase. The technology company’s market value has increased approximately $135 billion this year. Analysts noted that the company is now taking a leading position in the field of artificial intelligence. Alibaba, going through tough times due to pressure from Beijing and declining consumption after the coronavirus outbreak, managed to regain attention with the artificial intelligence rally. Along with investments in artificial intelligence, the company also started regaining Beijing’s support. Alibaba had announced a plan to invest over 380 billion yuan (52 billion dollars) in artificial intelligence infrastructure within the next three years.