US Stock Market Move | New reasoning model QwQ released, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rebounds against the trend by nearly 3%.

After Monday's sharp drop, Alibaba Group Holding Limited Sponsored ADR(BABA.US) rebounded by nearly 3% on Tuesday, with a monthly increase of 34%, now trading at $132.54. On the news front, the Qwen team of Alibaba Group Holding Limited Sponsored ADR announced the release of a new reasoning model called "Deep Thinking (QwQ)" on social media this morning. This is a reasoning model based on Qwen2.5-Max supported by QWQ-MAX-PREVIEW. Similar to DeepSeek R1 and Kimi's reasoning models, QwQ can support deep thinking and online searches simultaneously, and will display a complete chain of thoughts. The Qwen team mentioned that the official version of QWQ-MAX will be released soon, with Android and iOS applications released at the same time, as well as smaller models that can be deployed on local devices, such as QWQ-32B.