U.S. stocks closed higher | All three major Indexes rose, with the Nasdaq up 2%; chip stocks and Chinese concept stocks performed well, NVIDIA rebounded nearly 9%, and Alibaba rose over 6%.

Will AI application stocks become the biggest winners? DeepSeek helps the popularization and MMF of AI applications, and these Concept stocks are expected to usher in a new round of explosion.

The former CEO of Google comments on Deepseek: it marks a turning point in the Global AI competition.

Alibaba's night trading rose by over 2% again, soaring nearly 7% overnight. The Tongyi Qianwen Qwen 2.5-Max ultra-large-scale MoE model has been released, claiming to outperform competitors like Deepseek V3.

Sam Altman praised China's large model DeepSeek, and OpenAI is excited to have such a competitor!