10 AI Stocks Dominating Wall Street

3. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 115

Alibaba Group Holding Limited (NYSE:BABA) is an online retailer that leverages AI in its e-commerce business. On February 7, Chinese news outlet The Paper reported that Alibaba has denied claims that said that the Chinese e-commerce giant intends to invest in DeepSeek. The Paper quoted Yan Qiao’s statements, who works as the vice president at Alibaba.

“As a fellow Chinese and Hangzhou company, we applaud DeepSeek, but news circulating that Alibaba will invest in DeepSeek is fake news.”

Earlier on Friday, other Chinese media outlets reported rumors that Alibaba planned to invest $1 billion into DeepSeek.