Why Alibaba Stock Climbed 32% in September

Alibaba (NYSE: BABA) was among the winners last night as the Chinese tech giant continued to benefit from investments in artificial intelligence, as investors increasingly see it as a winner in AI.

Additionally, Founder Jack Ma has returned to the company's headquarters, showing relations between him and Beijing have improved.

Overall, last month's gains were part of a broader momentum shift as investors seem to be moving back into Alibaba, after it was off-limits for several years due to the tech crackdown from Beijing and weak economic growth in China.

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Source Fool.com