US Stock Movement | 2.4 Trillion Parameters! Alibaba Launches New Model, Stock Price Surges Over 3%

```htmlGolden Ten Data July 20｜Alibaba (BABA.US) rose more than 3%. According to reports, on July 19, Alibaba released a preview version of its flagship large model Qwen3.8 Max, featuring an impressive 2.4 trillion parameters. The company claims its overall capabilities are second only to Anthropic’s Fable 5 globally. At the same time, Alibaba promised to “soon” open the full model weights. Notably, the timing of this launch is intriguing — just a few days ago, Alibaba-invested startup Moonshot AI stirred global technology stocks with its Kimi K3 model boasting 2.8 trillion parameters, briefly setting a record as the “largest open model in history.” The high-profile debut of Qwen3.8 Max has intensified internal competition within Alibaba’s investment portfolio for the title of “largest open model.”```