US Stock Market Move | Alibaba Group Holding Limited Sponsored ADR (BABA.US) surged over 4% after the release of Q&A 3.8-MAX.

On Monday, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose more than 4%, reaching $127.84. In terms of news, the Qwen team under Alibaba Group Holding Limited Sponsored ADR officially launched Qwen 3.8-Max on August 3, with a total parameter count of 2.4 trillion and 95 billion active parameters, making it the largest and most powerful model in the Qwen family to date. This also marks the first time Qwen has open-sourced a Max-level modelweights will be released next week in the open-source community, Hugging Face, and ModelScope. In terms of pricing, Qwen 3.8-Max is offered through the Qwen AI platform (Alibaba Cloud) for API calls: input at $2.00 per million tokens, output at $6.00 per million tokens, and implicit caching at $0.25 per million tokens. Benchmark tests show that Qwen 3.8-Max performs comparably to Anthropic Fable5 on multiple metrics for programming agents and general agents, with some metrics surpassing the latter. For instance, PaperBench scored 93.0, higher than Fable5's 88.8; CoWorkBench scored 74.8, close to Fable5's 75.9; and WideSearch scored 81.9, matching Fable5's 81.2.