Why Alibaba Stock Inched Higher Today
Following news that it is reportedly involved in a significant artificial intelligence (AI) initiative by a major U.S. tech company, Alibaba Group (NYSE: BABA) stock closed higher on Wednesday. Investors pushed the shares almost 2% skyward, a rate that beat the 0.7% gain of the benchmark S 500 index.
Before market open that day, Bloomberg reported that social media titan Meta Platforms is making a concentrated effort to develop a proprietary, for-pay AI model.
Image source: Getty Images.
Source Fool.com
Meta Platforms Inc. Aktie
548,90 €
-1,31 %
Einige Buy-Einschätzungen bei Meta Platforms Inc. überwiegen die Sell-Einschätzungen leicht.
Ein positives, wenn auch nicht starkes, Potenzial für Meta Platforms Inc. mit einem Kursziel von 627 € im Vergleich zu 548.9 €.
