MTRA Volume Surges as Alibaba AI Bet Draws Focus

Invesco International Growth Focus ETF (MTRA) has seen unusual trading volume, which is 19× higher than its average daily volume.

Among its top holdings, Alibaba Group, which makes up about 2.7% of the ETF, is in focus after reports that it is increasingly adopting Huawei’s new Ascend 950 AI chips as U.S. restrictions limit Nvidia’s ability to sell its most advanced chips in China. Alibaba is building its AI platform around these local chips and quickly launched the DeepSeek model on its cloud, aiming to cut costs and offer AI services at lower prices even as potential chip supply constraints remain a risk. Analysts remain positive on Alibaba’s stock, with a Strong Buy consensus and expectations for significant upside, which could influence sentiment around MTRA’s exposure to the name.