On May 13, 2026, the US stock market closed with mixed results. The NASDAQ 100 index rose by 1.04%, while the S&P 500 index saw a slight increase of 0.89%.

In the sector performance, Chinese concept stocks showed significant gains. Alibaba surged 8.18%, JD.com increased by 7.24%, and Baidu rose by 7.55%. Additionally, PDD Holdings Inc gained 4.04%, and Bilibili Inc. was up by 4.30%.

Fuel cell stocks also performed well, with Plug Power rising by 11.24%, Bloom Energy Corp increasing by 3.23%, and FuelCell surging by 16.56%.

Alibaba saw a significant increase of 8.18% following the announcement of its strong quarterly earnings, which exceeded market expectations. The company's robust performance in its e-commerce and cloud computing segments contributed to the positive sentiment.

Marvell Technology also experienced a notable gain of 8.18%. The company's stock price surged after it announced a strategic partnership with a leading semiconductor manufacturer, which is expected to enhance its product offerings and market reach.

Nokia Oyj rose by 11.69% after the company revealed a major contract win with a prominent telecom operator, which is anticipated to boost its revenue and market position.

Applied Optoelectronics saw a remarkable increase of 18.49%, driven by the news of a significant technological breakthrough in its optical communication products, which is expected to drive future growth.

FuelCell surged by 16.56% following the announcement of a new government contract for the development of clean energy solutions, which is expected to significantly boost the company's revenue and market presence.