10 Trending AI Stocks on Wall Street’s Radar

3. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 107

Alibaba Group Holding Limited (NYSE:BABA) began as a retail and e-commerce platform and gradually morphed into a technology titan that provides infrastructure solutions to businesses and consumers.

On March 6, the Jack Ma-owned company rolled out its AI reasoning model packed with capabilities that it claims can rival those of OpenAI and DeepSeek. Called “Qianwen QwQ-32B,” the model can “almost completely [surpass] OpenAI-o1-mini and [is] on par with the strongest open source reasoning model DeepSeek-R1,” Alibaba said in a statement, citing a series of benchmark tests.

“Qianwen QwQ-32B can not only provide extremely strong reasoning capabilities, but also meet lower resource consumption requirements. It is very suitable for application scenarios with rapid response or high data security requirements. Developers and enterprises can easily deploy it to local devices on consumer-grade hardware to further create highly customized AI solutions,” Alibaba added. QwQ-32B is expected to be available via Alibaba’s Large Language Model app, Tongyi.