US stock movement | Hangzhou Yunqi Conference sends a clear signal of AI expansion; Alibaba (BABA.US) rises over 3%

According to reports from Zhitong Finance APP, Alibaba (BABA.US) opened higher on Tuesday and, as of press time, had risen by more than 3%. According to the news, on September 22 at the 2026 Hangzhou Yunqi Conference, Alibaba Group CEO Wu Yongming gave the clearest signal yet of AI expansion, positioning machine intelligence as the most profound transformation in human society since the Industrial Revolution, and for this reason set a full-stack strategy spanning AI models, AI chips, and AI cloud computing.