# Alibaba (NYSE: BABA) stock suddenly soared nearly 5% from the April 7 close at $119.72 to $125.32.

*genai · news · 2026-04-09 · Finbold*

## Key points

- Alibaba anonymously released an AI video generation tool called HappyHorse 1.0 in early April.
- HappyHorse 1.0 quickly surpassed ByteDance’s Seedance 2.0 in image-to-video and text-to-video benchmarks.
- Alibaba's cloud division plans to offer HappyHorse 1.0 to enterprise clients soon.
- OpenAI's shutdown of Sora creates a market gap that HappyHorse 1.0 could fill.
- There are concerns HappyHorse 1.0 could strain Alibaba’s resources, similar to Sora’s impact on OpenAI.

**Companies:** Alibaba, ByteDance, Disney
**Countries:** China, United States

[Read the full story on Finbold](https://finbold.com/alibaba-stock-soars-on-release-of-worlds-top-ai-video-model/)

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