Why Alibaba Stock Jumped Today
The rally in Alibaba (NYSE: BABA) stock continued today after the Chinese tech giant just announced plans to ramp up its spending on artificial intelligence (AI). That's been a winning approach for American tech stocks, so it wasn't a surprise to see Alibaba jump on the news.
As of 10:22 a.m. ET, the stock was up 9%.
Image source: Alibaba.
Source Fool.com
Alibaba Group Holding Ltd ADR Aktie
119,00 €
0,51 %
Rein positive Einschätzungen für Alibaba Group Holding Ltd ADR, nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Das durchschnittliche Community-Kursziel von 157 € für Alibaba Group Holding Ltd ADR impliziert eine Steigerung von über 20% gegenüber 119.0 €.
