The stock is also spiking on the Hong Kong Stock Exchange, where it is up 7.59% at HKD 171.50 ($22.06) at the time of writing, after the company’s CEO, Eddie Wu, announced that it will be expanding ...
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Why Alibaba Stock Is Soaring Over 9% Premarket Today
Alibaba's U.S.-listed shares jumped over 9% in early premarket trading on Wednesday, following news from its annual flagship Cloud event in China about its plan to increase artificial intelligence (AI ...
Hong Kong-listed shares of Alibaba jumped over 6% Wednesday, while in the U.S., shares were 9.2% higher in premarket trade. The spike came after Chief Executive Officer Eddie Wu said the company ...
Alibaba Group Holding Ltd.’s shares surged to their highest in nearly four years after revealing plans to ramp up AI spending past an original $50 billion-plus target, joining tech leaders pledging ...
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