Alibaba stock surges as Chinese tech giant highlights AI-fueled growth and aggressive investment plan

Alibaba stock surges as Chinese tech giant highlights AI-fueled growth and aggressive investment plan

Alibaba’s (BABA) US-listed stock surged nearly 13% early Thursday after the Chinese tech giant reported quarterly earnings ahead of Wall Street’s expectations and highlighted an aggressive push into the artificial intelligence space.

NYSE – Nasdaq Real Time Price USD

As of 9:53:32 AM EST. Market Open.

Alibaba reported adjusted earnings per share of RMB 20.39 ($2.79) versus the 19.12 yuan ($2.63) expected, while its quarterly revenue was RMB 280.2 billion (US$38.4…

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https://finance.yahoo.com/news/alibaba-stock-surges-as-chinese-tech-giant-touts-robust-ai-momentum-140159137.html