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.
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Source Fool.com
Meta Platforms Inc. Stock
€548.90
-1.310%
With 11 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 627 € there is a slightly positive potential of 14.23% for Meta Platforms Inc. compared to the current price of 548.9 €.
