Alibaba has released its latest artificial intelligence model Qwen3 Next. This model is specifically designed for understanding long texts, helping users significantly reduce training costs. (Reuters)
Focus on two US stocks every week to help investors grasp the latest stock trends and market information
Alibaba Group Holding Limited (Code: BABA)
52 week high: $156.85
52 week minimum: $80.06
Final closing price: $155.06 (-0.24%)
Despite ups and downs in the past five trading days, the stock price of Chinese tech giant Alibaba has risen nearly 11% overall, further approaching its 52 week high. This indicates that market investors seem to welcome Alibaba's recent push for artificial intelligence development and a series of measures taken to maintain its leading position.
Alibaba announced on September 11th that the group plans to raise $3.2 billion by issuing zero coupon convertible bonds. It will allocate approximately 80% of its net revenue towards cloud infrastructure construction to expand data center scale, upgrade technology, and improve services to meet growing demand. The remaining funds will be used for international e-commerce business.
Market analysts generally believe that the issuance of convertible bonds reflects Alibaba's confidence in its business prospects and will benefit from the strong demand for artificial intelligence services. It is also believed that revenue from cloud based businesses will continue to grow rapidly.
Alibaba announced at the end of August that its cloud business revenue increased by 26% in the quarter from April to June due to a surge in demand for artificial intelligence services. CEO Wu Yongming said that "artificial intelligence combined with cloud computing" are Alibaba's two major growth engines alongside e-commerce. In February of this year, Alibaba also announced an investment of at least $53 billion in this field over the next three years.
This tech giant has also released its latest artificial intelligence model Qwen3 Next. This model is specifically designed for understanding long texts, helping users significantly reduce training costs.
In addition, Alibaba has started using its own developed chips to train artificial intelligence models, which has to some extent boosted market investors' sentiment towards Alibaba's stock. However, there is currently very little information about Alibaba's chip business and its level of advancement. It is hoped that in the near future, Alibaba will make more relevant announcements.
Tesla has confirmed that its Robotaxi service in Austin is expanding to highways. The safety operator will sit in the driver's seat at the beginning stage. (Reuters)
Tesla Inc (code: TSLA)
52 week high: $488.54
52 week minimum: $212.11
Final closing price: $395.94 (+7.36%)
Tesla, the American electric vehicle manufacturer, continues to dominate Ark Investment, the flagship of Cathie Wood, known as the "female stock god" in the United States. Casey Wood pointed out that Tesla's autonomous taxi service Robotaxi experienced explosive growth in the early stages of its launch, and its software ranks among the top ten downloaded ride hailing applications in American history.
As of September 8th, Tesla's proportion in the ARK Innovation ETF investment fund listed on the Casey Wood Exchange is 11.16%, with a market value of approximately $811.65 million. This shareholding weight is almost twice that of Roku Inc, the second largest investment of the fund, with a shareholding ratio of 6.40%.
Despite recent fluctuations in the US stock market, Ark Investments still seems to have confidence in Tesla.
However, Tesla's Robotaxi did not disappoint in the initial stage. Its app downloads have surpassed Lyft, a number that is challenging Uber.
Casey Wood recently shared on her social media platform X a billion chart compiled by Brett Winton, Chief Futurist at Ark Investments. The chart shows that Tesla's Robotaxi app platform made its debut and ranked 10th in the download ranking of ride hailing apps in the United States on the Apple iOS Store.
This ranking has allowed Tesla to surpass Lyft's all-time best single day download volume and is on par with the surge in downloads of Uber Ride hailing under Uber Technologies on New Year's Eve.
Ark Investment also stated that the download volume of Tesla's Robotaxi app is not only 40% higher than Uber's 30 day mobile download volume, but also six times the download volume of another tech giant's Waymo ride hailing app throughout the entire cycle.
The picture shows Waymo autonomous taxis under Alphabet Inc. (Reuters)
Casey Wood said in a post while sharing this report, 'Tesla Robotaxi, we're here!'! ”
For Casey Wood, she sees a $10 trillion business opportunity. She has previously stated multiple times that she believes Tesla is the world's largest artificial intelligence company and predicts that the autonomous taxi market will generate $8 trillion to $10 trillion in revenue worldwide within 10 years.
In addition, a research report released by Ark Investment last month pointed out that Tesla has a scale advantage, as its factory in Austin can produce enough autonomous vehicles in just nine days to meet the needs of ride hailing fleets. The report also states that Tesla collects 40 times more real driving data per day than Waymo, and nearly 900 times more globally.
Meanwhile, Tesla has previously confirmed that its Robotaxi service in Austin is expanding to highways. The safety operator will be in the driver's seat during the initial stage.
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