Shares of Alibaba Group ( BABA 9.56%) are flying higher on Thursday. The company's stock gained 10.4% as of 10:24 a.m. ET. The gain comes as the S&P 500 ( ^GSPC -0.85%) lost 0.8% and the Nasdaq Composite ( ^IXIC -0.91%) lost 1.1%.
Alibaba’s Massive $52B+ Bet on AI and Cloud Infrastructure
Cloud Giant Alibaba Invests $53B In AI Infrastructure As Stock Surges
Alibaba’s stock falls on expensive AI-investment pledge
Alibaba Group Holding Ltd.’s U.S.-listed stock fell more than 10% on Monday after the online retailer said it plans to spend about $53 billion over the next three years on its cloud computing and artificial-intelligence infrastructure.
Alibaba’s 239% profit surge boosts shares nearly 15%, while Amazon tops Walmart in revenue for the first time. Is tech taking over retail dominance?
Alibaba CEO’s focus on theoretical technology comes after a good few years for the e-commerce giant and Qwen maker.
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their ...
Alibaba Group Holding Ltd has announced a massive investment of $53 billion in artificial intelligence (AI) infrastructure, including data centers, in the next three years. The move highlights the e-commerce giant's ambition to become a global leader in AI technology.
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How to Play Alibaba Group Stock After Mixed Q3 Earnings ResultsAlibaba Group BABA delivered mixed results in its third-quarter fiscal 2025 earnings report, triggering a significant market response with shares surging 10% in Hong Kong and 8% in U.S. trading. The company's revenues reached $38.
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