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
128,00 €
-3,61 %
Klare Kaufstimmung für Alibaba Group Holding Ltd ADR: Viel mehr Buy- als Sell-Einschätzungen.
Die Community erwartet für Alibaba Group Holding Ltd ADR ein Kursziel von 157 €, was eine Steigerung von über 20% gegenüber 128.0 € bedeuten würde.
