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Alibaba Shares: AI Rally Reaches $129, but RSI Indicates Overbought Conditions

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FOMOGRAM Editorial Desk
Aug 4, 2026
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Alibaba Shares: AI Rally Reaches $129, but RSI Indicates Overbought Conditions
EXECUTIVE SUMMARY

Alibaba shares closed at $127.30 on August 3, with an intraday high of $129.50. The rally was triggered by the launch of Qwen3.8-Max, the new AI model featuring 2.4 trillion parameters.

Alibaba shares closed at $127.30 on August 3, with an intraday high of $129.50. The rally was triggered by the launch of Qwen3.8-Max, the new AI model featuring 2.4 trillion parameters.

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