Alibaba shares trade higher: What's going on – Alibaba Gr Hldgs (NYSE:BABA), NVIDIA (NASDAQ:NVDA)

Alibaba Group Holding Limited BABA Stocks trade higher on Monday. Here's what you need to know.

What you should know: Alibaba's cloud computing division cooperated with NVIDIA Inc. NVDA to improve autonomous driving for Chinese electric car manufacturers such as Li Auto, Great Wall Motor, and ZEEKR. This partnership integrates Alibaba's Qwen Large Language Models (LLMs) with Nvidia's Drive AGX Orin platform, improving in-car AI capabilities. This move can be seen as strategic, especially as China struggles with US sanctions that limit access to advanced semiconductor chips, affecting both Nvidia and Alibaba.

Market context: The People's Bank of China (PBoC) recently cut interest rates and injected liquidity into the banking system, boosting investor confidence and contributing to a broader rally in Chinese stocks. The rate cuts are part of efforts to stimulate China's economy ahead of the National Day holiday.

BABA price promotion: BABA is trading at $90.05, representing a gain of 1.99%, according to Benzinga Pro.

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Photo courtesy: Alibaba INC.